Bitcoins Price Can Be A Problem

in #crypto7 years ago

Let’s get serious for a moment. This rising price is a seriously bad thing. As OP points out. This kind of growing will have some MAJOR issues: https://www.reddit.com/r/Bitcoin/comments/7ia5w2/reasons_why_these_price_increases_are_not_a_good/
I don’t have enough room for 2 lambos.
Work place productivity is going through the floor, at an alarming rate.
The memes. We just aren’t sure what is going to happen.
In all seriousness we are going to experience a pull back at some point. It’s necessary, it needs to happen. We should all be more like Mr. Bean.
It’s growing so fast we are starting to see singularities: https://www.reddit.com/r/Bitcoin/comments/7iadwp/bitcoin_chart_has_broken_al_barriers_now/

Some people at the start of this Bitcoin pump were claiming it’s wall street artificially pumping it so they can manipulate the price for more gain when the futures contracts come out. However, if they try this, it’s super risky.
Bitcoin attention is going mainstream. Bitcoin adoption isn’t yet. For example.
#1 App:
Source: https://www.reddit.com/r/ethtrader/comments/7iciui/wow_coinbase_number_1_free_app_in_the_app_store/
And most downloaded app: https://9to5mac.com/2017/12/07/coinbase-most-downloaded-ios-app/
The more it grows the harder it becomes for certain individuals to manipulate.

Not a financial advisor, merely my opinion. At some point, potentially soon no one knows for sure, we are going to see an alt coin boom when Bitcoin slows down. Let’s take for example some popular alt coin. Litecoin is at the cheapest BTC price we have seen in almost ever. There are plenty more examples of coins on BTC price dips. Monero Dash Monacoin VertCoin etc etc.

Let’s talk about Monacoin. The Galapagos syndrome coin. It’s estimated that 90% of monacoins user base is located in Japan. Local based SegWit enabled asic resistant, but most importantly, cat logoed. Think of it as the Japanese Litecoin.

“On 6 December 2017, unsolicited donations of over 100 bitcoins were sent to Antonopoulos by over a thousand followers of his work, after Roger Ver publicly derided Antonopoulos' investment choices on Twitter. “That’s freaking awesome. Faith in humanity and all that. You’d be hard pressed to find a single person more deserving of it in terms of Bitcoin cause promotion.

His wiki page has been updated by the community: https://en.wikipedia.org/wiki/Andreas_Antonopoulos#Bitcoin_Involvement Did you know he was an outspoken critic of Mt. Gox as early as summer 2013, and Mt. Gox closed in February 14?

Please let us know what coins you think are going to do well in the comment section, which is located just below this video. That way.

💙 A big thank you to Roger Ver for inadvertently galvanising the community behind Andreas Antonopoulos even more.
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☄️ Time-stamps!
00:34 Let's Get Serious
01:14 In All Seriousness
01:53 Bitcoin is Mainstream
02:46 Alt Coin Boom
04:22 Thank You Community
05:24 I don't hold any of these alt coins, too busy HODLING BTC.
But I understand some of you are more risk tolerant.
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◆ Serious Issues: http://bit.ly/2iGIVLr
◆ Singularities: http://bit.ly/2y8ndoP
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💬 I am not a financial adviser and this is not financial advice. I'm just a humble man with a great passion for all things block-chain, even tangle.

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Crypto daily I just love you

The parabolic price image for Bitcoin will get much worse. Because you are measuring the value of Bitcoin with worthless USD. When the USD crashes whhat do you this chart will look like?

Fantastic thinking, truly great remark @toadslinger.

Thanks, be advise every country has a debt problem comparable to the US. Some trigger event could set off a cascade of currency crashes. Just imagine the 1929 US stock crash on a worldwide basis. A once ounce silver round priced today at $17 would have a value like a Billion dollars after such a disaster.

Just as an FYI, I think Andreas is now here on steemit. Can't be sure, but it certainly sounds like him. Out of the blue someone replied to one of my comments the other day, and lo and behold the reply came from @aantonopoulos

I think I was star struck.

But, could be a faker. Hope not, but could be.

it's a faker... would have liked him to be the real one

Hi I complely agree!

But man the Korean platforms are really taking over the market haha. I think a cultural factor may be involved too as everyone steps in to have a go at bitcoin!

But keep I think bitcoin fork might keep bitcoin going during this period
I wrote an article on bitcoin and my thoughts on it. I'm quite new so please support:
https://steemit.com/bitcoin/@zen-analyst/bitcoin-the-ticking-time-bomb

Bitcoin is just a storage of value !!! Future is hold BTC, convert btc to ltc using atomic swap and transact with lightening speeds !!! This is what future holds !!!

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