Sipping My Coffee Thinking Bitcoin Drama is Better Than Soap Operas!
I Have to Admit This Bitcoin Space is the Most Entertaining One That I Have Ever Been Apart Of.
When Bitmain published their blogpost, "UAHF: A contingency plan against UASF (BIP148)" all I could think is, "here we go with another round of Bitcoin Bullshit and FUD". It is all quite entertaining for those who have been around a while. Sure every time a team steps up and wants to be the point of rage for the whole Crypto Currency community I am all for it. The pure entertainment value is priceless.
How it Looks When Devs Fight.
How Bitcoin Reacts to the Punch.
How Newbies React.
How Veteran Bitcoiners React.
How I React.
Strap In This is Going to Get Interesting.
I have been telling everyone that 2017 is not done with the Bitcoin surprises. Everyone thinks a moonshot is coming but I have been more tempered. Like I mentioned before, all it takes is a few stumbles to slow this high speed train to a much slower steam engine. This announcement by Bitmain is just one more reason to not get overly excited. I will not be putting any down payments on penthouses as of yet.
LOL Great perspective thru hilarous gif's. This is what a real free market looks like, sometimes extreme ups and downs.
Although the big holders may play this to their advantage, such as Satoshi with a million coins. Up or down, well informed investors can take positive advantage of these wild swings.
I read bitmain's blog and i got a headache. Bitcoin and blockchain is already quite difficult to comprehend for the average person much more Bip148 and segwits! How will people adapt something they dont understand?
They will adapt because it is better than their traditional system that they also don't understand.
Apologies for the typos, writing on a very tiny iphone screen. Anyway, yes it is an alternative albeit a better one. Not all who go into stocks or MF understand the folio or the financials behind them. Most people care only about how they are going to earn off it. Like with Steem, the potential for good money is there and that's what attracts people. But many dont understand that they either need hard consistent work.. or get lucky.
There's no immediate need to understand that traditional system though. It's just there. The more effort switching requires, the fewer will bother to do it as long as they don't have to...
Paradigm shifts are always difficult
True. That's why people need more reasons the greater the required effort is.
Panic sells everywhere...
Bwahahahaha!
Very nice post. It's a #1 topic today, and I don't know why some people are so scared! BTC will come back at full power... May take some time to happen, but it definitely will!
I'm the Veteran 😂😂😂😂
My mind is scrambled, so now I respond like the Joker.
Things go up and things go down. Many can see the trend of cryptocurrency going up despite the downs.
Cool Post :)
Good post! I agree that there is a lot happening that could keep the price suppressed, but it looks like some action is coming closer and when this means that Segwit gets activated, it could fuel the rocket to the moon. Segwit will hit Jihan by cutting of 30% of his mining power, so mining will become more decentralized again. Further the scaling issue will be partly resolved and 2nd layer solutions will arise. I just hold and hope.
Im sorry but I cant stop laughing especially when I know that it is TRUE! Awesome post bro :D
Those memes were perfect! Hahaha.
I freaked out and was a panic seller once, safe to say, I learned my lesson! I am happy to report to be making smarter decisions through price correction periods now.
You will get better at it. The best thing to do is always take profits and when they days come like this you just walk away from the computer.
Great advice, I just closed Poloniex haha.