No Worries You Got A Month To Plan
Bitcoin is doing great! The price has rebounded and is becoming more accepted world wide with rumors of even Amazon soon to accept it. With prices right now hitting a bit over $4,100 that $5,000 mark seems to be in sight again. All besides some evilness about to hit in November.
Bitcoin Gold
Will be another possible hard fork from miners as they continue to take grabs at bitcoin trying to get them to make decisions and advance the block chain. Bitcoin Gold will mark the 4th crypto currency based off of bitcoin hard forks.
This possible fork link bitcoin cash is slated for November currently. What does that mean for us? We have a full week to not worry about it and honestly I hope many have learned their lesson last time with bitcoin cash to not support all of these off shot blockchains as it actually hampers development and reduces the possible price of bitcoin.
What does bitcoin have to look out for right now?
Further crack downs which will come if it becomes more unstable with hard forks such as bitcoin cash coming up. Everyone keeps talking about how it can be used for terrorist and drugs etc and well honestly isn't every currency currently used this way with zero tracking like come on now! If anything bitcoin might actually be easier to track lol
ahh I just took profits yesterday. Didn't think we were going to get a close above $4000. I think you're right, $5000 may be coming back soon. Nice post. Thank you,
The big questions is...when will the altcoin sell off begin? I know everyone wants the new forked coin.
Great article. Thanks
The swings in price are exciting, but they are not for the faint of heart. Until the price can stabilize I don't see a large portion of the population getting involved. I have heard this from people I have encouraged, they are just not interested in seeing an investment lose 40% over a couple of days even if it comes back and goes up the same amount. The most common investor likes stability or perceived stability.
It might scare some off but also its a pretty awesome return when you think about it bitcoin is still up some 300% + this year so far. That would take you about 70 years in the stock market if you where lucky
Only for those who cant take risk. and I dont see any risk in investing in bitcoin. I wish i had invested in bitcoin last year June. If you are thinking where to keep your retirement fund crypto currency is the right place.
Yeah, the risk obviously doesn't bother me either, I would like to add, that if this theory of mine about risk tolerance is true, then all this talk of a bubble is definitely wrong, bubbles will take everyone in, not just those inclined to endure risk.
I just wonder how many times free money can be printed out of thin air before people finally start to see Bitcoin as a big joke?
I mean, it is kind of silly... isn't it?
Governments say it is used for illegal activities just to discourage inexperienced investors to buy them, when in reality for decades fiat has been used for it, what a joke
yup exactly, and a large portion of Fiat is untraceable while I am sure they can figure out ways to actully track bitcoin since it is all public and on the block chain
@bitcoinflood I always say buy and Hodl. all will be fine, also am pretty ok with violent volatility since i have some bitconnect investments which makes me smile each time bitcoin does some gymnastics :-)
Being able to scale it is going to be the biggest factor from now to 2024 if they can make constant moves and growth it will survive if not its not going to make it much further.
" Everyone keeps talking about how it can be used for terrorist and drug" the fact that bitcoin has it disadvantage, does not change the fact that bitcoin has solved problem ruining around looking for ex changers before one can be able to carry out international trade
Well we sure have something to worry about!
SegWit2x has no replay protection!
Say No To SegWit2x
Yeah many people are backing out of segwit2x and for good reason to many security issues. The updates need to be happen via the bitcoin developers and not some fly by night few miners like bitcoin cash etc.
Next time a CEO of a bank shits on Bitcoin I should purchase after the selloff
The main issue with the hardforks is that they are motivated by greed. By hardforking they generate a new currency which gets traded and even if it's valued at 10% BTC (I'm looking at you BCH) people will make money from it. I agree with you that every hardfork dents people's trust in Bitcoin and in the crypto environment. One of the main characteristics that make Bitcoin valuable is that it has a limited supply. Hardforking into a new currency is shortsightedness and greed, the one thing that can bring this whole thing down is if people lose trust in the blockchain. Let's hope that the devs and miners can come to terms and find a solution that is beneficial to the cryptospace in the long run.