State of the Market - #12 Bitcoin Analysis May 2018 & Warren Buffet's Comment

crypto-investor (61)in #bitcoin • 7 years ago (edited)

In this State of the Market, I cover where I expect to see bitcoin prices in the near future. I also cover Warren Buffet's comment concerning Bitcoin being "rat poison".

Negativity concerning the cryptocurrency market as a whole is misplaced in my view. Watch the video for details:

Thanks for watching! Hope you made some money on the recent dip and rise over the last month!

#crypto #news #money #cryptocurrency

7 years ago in #bitcoin by crypto-investor (61)

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astroboy (43) 7 years ago

Its been a long time my man!! We were missing your crypto analysis....are still bullish on steem....?
Im renting half of my steem power at minnowbooster just for curiosity of the profits that can be made....
Cheers mate,
Hope to see more of your crypto posts soon! :)

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crypto-investor (61) 7 years ago

Bullish on Steem long-term yes, over the next month, probably not if Bitcoin drops.

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astroboy (43) 7 years ago

check out this cool project aimed to solve some steem issues.....i have delegated some SP into it:
https://steemit.com/bot/@lrd/burning-bid-bot-long-term-mission-and-chibifighters-giveaway-update

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crypto-investor (61) 7 years ago

Sounds neat, but I didn't understand the concept of how it improves anything, seems like a lottery or something instead.

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astroboy (43) 7 years ago

if i understood correctly, the catch is that all those whales or dolphins that use bid bots or circle voting, use these instead for getting profits, and some of those daily gains get burn out of the system: it fights againts inflation and circle voting. Sounds good to me as an idea, lets hope they can pulled it off. Granted, there are confusing parts like the account creation for curating good posts and flagging spam and bad ones: to whom will they give those accounts and how will they select those curators....

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propane (45) 7 years ago

I seen an interview with buffet and he’s not a fan at all. He doesn’t invest in what he does not understand.

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rockjon (60) 7 years ago

Thanks so much for the update. I also agree that we still have a bit to go with this particular bubble. I do think Buffett is right in saying in the long term most of these cryptocurrencies won't do well. However, I do believe that there will be several ones that will end up surviving and prospering long term.

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