Bitcoin All Time High - Fees at All Time High
It looks like Bitcoin is at all time high, according to BitcoinWisdom, it's at 2800$ and possibly rising, a wild market:
The truth is that if you'd told me this 4 years ago I'd been the happiest man on Earth. But currently, I am not surprised, but I also don't care. I don't care because the transaction fees make Bitcoin unable to use, so whatever trading volume you see, it's just intra-exchange speculation.
Which means that it's just a bubble, and has no basis, since those coins probably never leave the exchange. It's a bubble. If it were not a bubble, then you would have many merchants and such expanding, but you don't see that because the fees are too restrictive.
So all it takes is some clever hacker to figure out an exploit and it will be MT GOX all over again. But even if not, then this bubble will collapse eventually.
Or the money will trickle down into altcoins, which is what I really want. It's not just Bitcoin, and I am not even sure if Bitcoin is good anymore if the UASF will get activated. There are other projects in the crypto world that need funding, and could make some nice ROI to investors as well.
So we have an irrationally upgoing market meanwhile politically, Bitcoin is getting destroyed:
- In the
/r/Bitcoinsubreddit you have bunch of kids screaming about the Bitcoin price - Meanwhile in the
/r/BTCsubreddit you actually have adults exposing the massive immorality that happens in the Bitcoin Core
Note they call themselves the Bitcoin Core, as if they are the center of a supposedly decentralized community.
They want to be the center of it. So Bitcoin could get centralized and turned into a Bank-coin, take a look:
- High fees, full blocks, unpredictable wait times, poor user experience, people leaving bitcoin for alts, and Greg Maxwell says he thinks bitcoin is excellent this way. There should be no doubt he wants only harm for bitcoin
- Bitcoiner awakes from Core Propaganda Trance, Admits Being Brainwashed
Just a massive evil takeover. They don't want to increase the blocks to let room for the 2800$ Bitcoin to be free. Nope, they want to implement their own version of the thing, which will be massively centralized.
You can just read that subreddit all day long and figure out the gameplan. It's not a crazy conspiracy theory, it looks like there is plenty of evidence there so just read it through and do your research:
Nobody likes the Bitcoin Core pathway, but for some reason it's shoved down our throats by so called "industry leaders". I really put in question the decentralized nature of Bitcoin then.
Disclaimer: The information provided on this page might be incorrect. I am not responsible if you lose money using the information on this page! This is not an investment advice, just my opinion and analysis for educational or entertainment purposes.
Sources:
https://pixabay.com
https://bitcoinwisdom.com/
make hay while the sun shines.
Bitcoin at $3750 in three months, don't stop!
I personally look forward to trickledown. Just give us a few billions into some of my small coin investments.
If bitcoin doubles it would take tens of billions, which is unlikely, but if an altcoin gets only 1 billion that could mean a 100x multiplier.
True, I have some alts, for example, wings, golem, bat, humaniq, trustcoin, edgeless, storj... anyone will give the bomb!!!
I'm all over humaniq as well. Fingers crossed
I don't even buy Bitcoin when putting money in the market you end up spending $10 or more getting it into position and making a purchase.
Thanks for the perspective. I just seems all gravy now, but nothing ever is. We can buy steem with ETH and BTS (I think). Can we buy steem with dollars?
I am sure there are services that offer buying Steem with credit card or such.
Great info. thanks for posting. voted and following!
Very good blog. I was about to post a similair post. In my opinion blockchain is here to stay. A proper investment for the long term. We do need more indept investment analysis. Personally I always use: https://www.coincheckup.com For a complete crypto analysis on every single tradable crypto out there.