Bitcoin Back Up To $1000
- Thread starter anaconda
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Indy Vidual
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$1990.12
Down $800 in about 48 hours.
Good time to buy or bad time to buy?
Back to $200 perhaps?
Great time to start buying, especially for a short-term trader looking to sell the "dead-cat" bounces.
Long-term = Bullish
Short-term = Great odds if you start buying below $2,000
Medium-term == Buy Low / Sell High*
*
ChristianAnarchist
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Glad I sold the last of my alt-coins just before the crash. This is my problem with virtual currency, the instability. If they would find a stable value they could start being a mainstream currency but no one wants to have a currency that drops to half of what it was when you "earned" it. It's great on the upswing, but unless you have super intuition you will mostly lose on these deals...
anaconda
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$2515.00 now. The volatility in BTC is now getting to be rather silly.
ChristianAnarchist
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This is why I don't have it as a currency. Too unstable. I do try to make a little money trading them but it's a crapshoot. I've lost big when they took a dump and just now got to the point where I'm up maybe 40% from where I started. As I look back there are about 100 opportunities to have made big bucks if I'd just held on to them instead of selling. Oh well, such is the fate of a "trader"...
anaconda
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I hear ya. I sold at $200 a few years back and they continued right on to $1100. I made something like $200 profit and missed the extra $900 per coin! I got my girlfriend in at $555 a while back and they went promptly down to around $200. She essentially forgot about them but I had advised her to hold them. So now she's pleased that she's up about $2000 per coin.
TheTexan
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Bitcoin is a bubble, its totally going to pop after it hits 1 or 2 million
Warrior_of_Freedom
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if i put my savings into bitcoin last year i'd be able to retire in my 30's 
too risky though
too risky though
merkelstan
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https://steemit.com/bitcoin/@adamba...nd-segwit-as-the-saying-goes-follow-the-money
Is this it? The stealth central-banker takeover?
Is this it? The stealth central-banker takeover?
RonPaulIsGreat
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Don't think so, the majority are pro-segwit, which is backed by core, which does have some employed by blockstream. Segwit will allow almost twice the present transaction rate, and make it easy to implement lightning network. There is nothing stopping a block size increase after that.
The other side is some miners, the most vocal of which is bitmain, which has been shown to have implemented asicboost into it's miners. AsicBoost allows them to skip a lot of work and thus save power, and segwit would greatly reduce that ability. Bitmain supposedly has patented the process in china, however, the process was already patented in the US previously. so, china being china. Non-creative thieves like ferengi. Thus why they are for a basic blocksize increase of simply doubling the blocksize, which would not effect asicboost. "Convenient" position.
IMO, the worst player in all of Bitcoinland is Bitmain.
merkelstan
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I'm not qualified to judge the technical merits of both sides, but the discussion is interesting .
https://np.reddit.com/r/btc/comments/5btu02/who_owns_the_world_1_barclays_2_axa_3_state/
What would be the best result for BTC and cryptocurrencies in general? Well, for one of them to become _money_ some day, usable in retail and p2p transactions.
Would it be best for BTC to fix the scaling problems soonish or would the cryptocurrency field benefit more from giving the altcoin developers more time to grow possibly superior solutions, possibly Masternode/DAO based like DASH?
RonPaulIsGreat
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The only way bitcoin can be a truly global method of payment for billions around the world is via 2nd layer additions like lightning which needs transaction malleability fix in segwit to work smoothly . Simply doubling the blocksize, or increasing it to 20MB will not change that situation. So, there is no long term merit to the miners position and they know it. they are simply milking an advantage for short term profits and hurting bitcoin.
Segwit could be active in weeks, all it takes is for the rogue miners to signal for it, but the Bitmain cabal refuses. So, the fastest path to increased capacity is segwit. A hardfork to increase blocksize will take months, probably a year, simply because the whole ecosystem has to upgrade for a hardfork in advance.
I see little value being added by DASH, it doesn't do anything new and very few businesses accept it, that could change I guess, but I think it's just riding the hype cycle mostly. Ethereum is trying new things, but they're a bit reckless IMO. Ethereum could take over though if they prove Ethereum to be stable long term and actually create some useful applications for it.
anaconda
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$2718.98 now. From my naive point of view, I don't understand why whatever is creating the volatility isn't already priced into the market and thereby removing it.
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anaconda
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It will probably crash an entire 100,000 USD, down to $1.9 Million. But will bounce back to $2 million about 5 days thereafter..
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