Don't Fear The Fork: The Future of Bitcoin & Steem
Last week, I did an interview with Josh Sigurdson of World Alternative Media to talk about the latest news in the cryptocurrency arena and particularly about the future of bitcoin and steem.
There has been plenty of talk about bitcoin being in “a bubble” especially by the likes of Peter Schiff, so I made sure to point out that the real bubbles are mainly caused by central banks who expand and contract the money supply.
Josh made a good point about the volatility and large price swings which take place in the crypto markets and how they scare a lot of people because this is the first time many of them are experiencing what it’s like to trade in a truly free market.
I added to that point that this is part of the reason many people lose money while investing by often panic selling when the price of a particular currency is dropping rather than buying low and selling high or adding to an established position. I compared this to how, logically, when there is a big department store sale, shoppers go in droves to buy up the cheap goods, yet when it comes to investing, people for some reason act in the opposite manner.
And, we got into the fork issue which is still scheduled to occur on August 1st… you’ll want to make sure to watch this video to make sure you understand what is happening.
You can check it out HERE:
If you still are unsure about cryptocurrencies, check out my free four-video webinar HERE.
And, make sure to subscribe to the TDV newsletter HERE where we have been discussing cryptocurrencies and how to prepare for and potentially profit from the upcoming bitcoin fork in the last few issues. As well, you gain instant access to our private subscribers only Facebook group where you can get the latest information and advice from thousands of Dollar Vigilante subscribers worldwide.
I think these crypto currencies are going to move in one direction or another. What they won't do long term is just stay stagnant. Either it going to take off and early adopters will be rewarded nicely, or we will watch whatever money we in these coins go poof and evaporate into the ether..
That is just silly. The money will not evaporate into nothing, and most certainly this is not a bubble and it's not going away. Look at the historical news since 2009 until now. Everybody says the same stupidity every year. "This is a bubble." Then what happens? Markets keep growing exponentially. They double or triple each year and it just doesn't stop. Sure there are up and downs, and to people who don't understand Crypto, they instantly call it a bubble or a ponzi scheme or what ever "Labels" from the old world they can think of. Eventually in the next 5-10 years cryptos will stabilize and we'll have at least a 1 trillion market cap. That is for sure, because blockchain technology is not going away, this technological leap is just beginning. Also, do you see any kind of political stability all around the world at the moment? The more governments and financial institutions continue to fail the people, the more people will jump to Bitcoin or other Cryptos just as a safe heaven. Look at whats happening in Venezuela, the government is failing and collapsing. What does people do? They buy bitcoin and use it to buy food and goods from abroad, because bitcoin has far more value than their crappy government issued money.
Im looking forward to August 1st myself. Nothing to fear. I had already watched Jeff's video in full on YouTube. August 1st just makes me think of that commercial that says "Food You Wanna Fork".
http://www.FlippyCoin.com is the #1 Cryptocurrency Exchange!
Headliners from experts on the panel included Balaji Srinivasan, CEO and cofounder of 21.co, a cryptocurrency startup that has raised more in traditional VC funding than almost other one. Another was Peter Smith, CEO and cofounder of Blockchain, a U.K.-based cryptocurrency wallet company that recently raised $40 million from GV, the venture capital arm of Alphabet, parent company of Google goog. And Kathleen Breitman, CEO and cofounder of Tezos, a blockchain startup that this year raised more than $200 million in an initial coin offering, or ICO, and which counts celeb investor Tim Draper among its backers and many more others assures us the future of digital currency is bright
Get in guys and buy some btc before aug 1st , free bitcoin cash :)
I did watch this video.
Very informative about the crypto world.
keep on steemit !
informative post, actually crypto is new for us thats most us feel fear about the future of it
Great work @dollarvigilante; together the community can add to the information as this story develops to gain the greatest benefit.
I have already created a helpful guide to make sure every Bitcoin holder gets the coins that are coming to them right here on Steemit:
The Doubling: A Helpful Guide for BTC Holders to Get ALL the Coins Coming to Them Next Week
My page regularly posts about Steemit, Bitcoin and other crypto related material, check out my well written and easy to read content; follow and VOTE UP for the FASTEST active news you can run with! :D
Thank you,
Jeffrey Anderson
Editor in Chief
The Anderson Report
@cryptoNEWScoins on Twitter
Bring on the FORK!
The future is bright but there will be a lot of ups and downs along the way. It's easy to say 'buy more' or 'home' but it's really difficult to do, emotionally, especially if you bought in on a high and you are looking at 50% losses!! It hurts.
I'm sure we will get through this and go onto higher prices but I expect a lot of people to be shaken out before then!
I have no doubt on Bitcoin. Great interview. Thanks for posting.
Agreed. Bitcoin is fundamental to crypto ideology.
Good. Thank you
Great interview