Let's Talk—Which Side Are You On? #Bitcoin
Let's take a quick vote to gauge user sentiment here on Steemit. I'm sure many of us hold some amount of Bitcoin if not have atleast followed it on it's journey from low values to ATH levels. I'm sure you have something to say on this matter.
You may select between 1 or 2.
- Bitcoin is Up from $0 to $6000
or - Bitcoin is Down from $20000 to $6000
So, Let's Talk!
Tell me which side are you on and what are your thoughts on where Bitcoin is heading generally speaking.
Do you see it having increased it's value or you see it bringing down the whole market? Let's hear it!
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My original Bitcoins fell into my lap while in the process of (what seemed to me) helping an old friend through a hard patch. It was documented in an old blog post of mine starting at around the 5th paragraph.
https://steemit.com/steemit/@novacadian/observations-of-a-fairly-noobish-steemer
In the crash in 2015 when BTC went from $1500CDN to $300+ was when my true faith in crypto was ignited and had me doubling down on my BTC holdings with blood still on the streets. So with my highest buy in of about $320CDN, today's $8463CDN price is still looking pretty damn good. 😎
As to where Bitcoins are heading, it is my feeling that the dust has not fully settled on last year's fork. Holding equal amounts of BCH and BTC my hope is that my position is hedged regardless of the final outcome.
BCH seems more true to the original whitepaper of Satoshi to me. The fact that the new Lightning Network layer of BTC is a corporate owned patent does not sit well with the original philosophy surrounding Bitcoin either.
The crypto revolution is still in its infancy with such concepts as steem and EOS' delegated proof of stake as opposed to the traditional proof of work.
That jury is still out as well, though it has me following developments with great interest.
Crypto has never been a get rich quick scheme for me, just as my interest in the world wide web of the 90's was not driven by an interest in IPOs. 😎
That's quite an interesting journey there. I think there's a lot more to come in the next 5 years in this space.
It's a little weird because started my crypto journey when bitcoin was 5K in 2017 and then went to 20K and is now back to the same levels.
I have been around the crypto space for nine months and it still feels like I am a newbie....... too many things to learn
It's always the highs we remember, it's what we use as reference point and what we aim to beat.
I think Bitcoin will remain stagnant for another month but after that, it will start to edge its way higher until at the end of 2018 or beginning of 2019, it will be around the $9-$10,000 range. Bitcoin has taken some hits the first half of this year but I think it will recovery so I am optimistic in the long run.
But having said that, my vote is #2. The only reason is, I paid $100 for my first portion of a Bitcoin when Bitcoin was at $16,000 :(
I want to be an optimist and think that it will not keep going down, but it will give us a big raise and it will surprise us. I have something deposited in one of the platform to earn bitcoin. I hope you upload friend
What platform is that?
I think one's perpective is much influenced by the price of BTC when they got in.
I'd have to go with number 1. I lost mine in the MT Gox crash and now it looks like they'll be returned.
@firepower Thank you for your valuable information about crypto.
1... So what if it once hit 20k... It was once at 0...
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this is really stupid to disclose ;-)