Dear Diary: Oh My Goodness Bitcoin is Gracious with it Great Balls of Prices

in #steemit7 years ago (edited)

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Bitcoin is a store of value and people are realizing it as it continues to be scarce it also continues to get pricier as it moves forward and up. Personally, I think that this movement will continue but with occasional corrections which really are a bunch of high hitters or a group of people forming a wave of cashouts. But then as new people gets a hand of BTC, we would see a better price in the coming weeks. And in the coming months, well, you can say just wow.

Many people said that I wished that I have get a hold of BTC when it was in this or that price. Well BTC right now is expensive but it still have in my opinion an unlimited room for growth as many or all are hopeful that it would reach a million dollars each and I just hope to see that day even before my "Time" comes up.

So time is of the essence and if you have it, by which you do because you are still alive, then it would be better to dip into the crypto waters and feel it with your fingers so you can also experience the excitement what Bitcoin gives to its investors or hodlers and traders.

What I just see about trading against BTC is that if Bitcoin continues to go up fast, the altcoins will just have to readjust their prices and this sometimes doesn't happen as atcoins lose some of their value when they get dumped by selling so that traders can take Bitcoin when it moves up and thus the rally up.

And up is the only way for many coins about their prices and I don't see for example BTC to get a near $100 value or even less because there are trading bots out there and they have proven their worth for the price of BTC before when MtGox happened, BTC price plummeted and trading bots outbid against each other so the bitcoin price went up fast. It is all just an opportunity and in our time right now we are lucky that blockchain technology is giving us the leveled playing field so many people can benefit via these tokenized social media or trading.

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Stay positive @cryptopie. You inspire so many others with your courage. Thank you.

Thank you @boydman for your support.
God Bless you and keep you.

BitCoin is going up, up, and up. Yes you are right that blockchain technology is giving us the leveled playing field. What about your health?

Thank you for asking @engramanullah
I am still under dialysis and medication and I feel okay today.
Hopefully my medicine for my parathyroid will work to fix some of my bone issues.

True, who would not wish they have bigger amount of Bitcoin with its current price now. :D

Bitcoin miners are so happy now too @zararina

their is no stopping the bitcoin rise but we forget their are other alt coins to invest in , we need to learn to diversify our investment

Pretty solid analysis and knowledge for your age Very impressive. You're light years ahead of a lot of people with this grasp on cryptocurrencies!

Just my personal relatively volatile view on how BTC and other altcoins would move in the next months and years @steemmatt

You should get back to blogging on crypto if you have the time and energy because you provide your OWN analysis and opinions that are very well grounded. I'm tired of the crypto spam on Steemit, which is either using others' material for their own gain, or transparently pumping or fudding for the same. Hope to see some more analysis when if you get the chance!

nice post.......
thanks for sharing......