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RE: Let's Talk—Which Side Are You On? #Bitcoin

in #bitcoin7 years ago

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. 😎

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That's quite an interesting journey there. I think there's a lot more to come in the next 5 years in this space.