Bitcoin and Cryptos in a Free Fall 😱
Hi Friends,
Well, as we in the crypto space are fully aware, Bitcoin has the largest market share and is also often pulls the alt coins with it when it moves.
Bitcoin has been trading sideways for a while now, and it really seemed to have a stable base in the $6,200-$6,600 range, but today, it has broken out of the range and headed off a cliff. Bitcoin has tumbled more than 10% and is hovering in the mid $5,000s. Alt coins have fared even worse, and Steem is no exception.
Personally, I feel mass adoption of Bitcoin will happen and morph into a store of value asset class (like gold), but I am not so sure about the future of alt coins as well as their intended utility. I am here, and I am invested, but really it is more of a speculation play for me. I still have a hard time explaining how blockchain technology, and specifically mining of it, is a game changer to society.
One thing I do know – in 5 years Bitcoin will be worth nothing or it will be worth a lot more. I have placed my bets on “a lot more”, but time will tell!
How do you feel about the future of Bitcoin? How do you feel about the future of alt coins?
Thanks for stopping by and engaging with me!
Brian
I still don’t have great confidence in Bitcoin or any other crypto. I’m in the game but small potatoes. I'm more of a silver and gold believer. It has never failed through history yet.
The only crypto I have is steem. I have faith in the future of steemit, so I decided to invest some money in steem. My real way to accumulate wealth is gold and silver, be it bullion or collectible coins.
The future of cryptic are bright no doubt. I never be worry about cryptic market fall, crypto market achieved a huge gain in 2017 so normally like before it will struggling the next few months or years but it will be again pump maybe it will 2020-2022 but we need to huge patience. Only crypto holders got huge profit. Now we have a big opportunity to buy more and hold it.
I think you got it absolutely right! Bitcoin could hit A high above $30,000 that's if the industry around bitcoin keeps bring new projects that are improving the lives of the people in the society.
The blockchain has plenty of rooms for development.. Steemit has already taken that big step in terms of social blogging..
The only reason why bitcoin hasn't received any support from government is because of the fact that it has the potential to promote money laundering. My opinion though..
Nice post @brian.rrr
We'll have to see about what will happen but I have still confidence especially with steem @brian.rrr
I'm scared bro.. That's the truth.
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Bitcoin is evolving https://cryptocoach.cc/2018/11/14/bitcoin-is-evolving/
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I really don't know how the future of cryptocurrency will be, so am diversifying business outside of cryptos.
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