BITCOIN'S NEAR FUTURE, Couple of reasons why bitcoin can blast thru 15,000k usd once again
Bitcoin SegWit2x is now being added to many exchanges. Now the bitcoin transaction fees will be cheaper to transfer so it will be used by many other users. Most of the other crypto coins are being dumped and being invested in bitcoins, this is why you are seeing other coins plummeting in price and there is an increase dominance of bitcoin from 32% some weeks ago to now at around 38.85% dominance .
Bitcoin Lighting network is increasing all over the world as more users set up peer to peer payment methods. It's possible now for instant payments. Lightning fast blockchain payments without worrying about block confirmation times. Security is enforced by blockchain smart contracts without creating a on blockchain transaction for individual payments. Payment speed measured in milliseconds to seconds.
Scalability. Capable of millions to billions of transactions per second across the network. Capacity blows away legacy payment rails by many orders of magnitude. Attaching payment per action & clicks is now possible without custodians.
Low Cost. By transacting and settling off-blockchain, the Lightning Network allows for exceptionally low fees, which allows for emerging use cases such as instant micropayments.
Cross Blockchains. Cross-chain atomic swaps can occur off-chain instantly with heterogeneous blockchain consensus rules. So long as the chains can support the same cryptographic hash function, it is possible to make transactions across blockchains without trust in 3rd party custodians...
What is your opinion about the future of the crypto? IMO bitcoin will rise as soon as LN is well implemented, do other coins have a future, i've seen so many coins with good tech behind them that are able to do stuff bitcoin doesn't... what coins would you pick atm to buy?
The coin i like the best is EOS, the reason why is because the main architect in this platform is Dan Larimer...Dan larimer also created steemit and bitshares..as you can see these platforms are working fine even with the huge number of people joining each day...EOS is going to be a smart contract platform just like Ethereum...EOS will be a direct competitor to ETH...EOS is currently running it's ICO on ethereum but in June it will launch its platform...EOS coin is good for the long term...and i am super bullish regarding cryptos for the future...just check ethlend...it's a lending platform and working out since it launched a few weeks ago...this platform still needs work but you can see the potential for the future...peer to peer lending will be great!
Thanks for the answer, i was split between NEO and EOS, i like NEO because it gives out dividends, i love dividends, i don't think EOS will give out any dividends... i might buy NEO this month and EOS the next, i like to buy 1 new crypto a month
Ya, neo has a strong network so it's a good buy for the long term...EOS will be great in June but if ya wanna get a better price get some before it launches...cheers and keep making sum profits :))
I agree, and I feel that it will trade through $15,000 before May 1, 2018:-)
Ya, it could be possible because bitcoin has a small market cap supply which whales are able to manipulate and change the price to the uptrend..that's a good thing if ya holding bitcoin :))
Cool Post. Since you got the bitcoin tag do you have a prediction for Bitcoin over the next few days? Also followed you for future posts :)
It's hard to tell the bottom of this dip but I think is not as bad as the previous dip of 6 k...Many traders say might dip as low 8 k...My reason why it might not dip as much is because we have a fix to the transaction fees with segwit and lighting network...when bitcoin hit 6 k low we didn't have any good news to lean upon. I think this is a healthy pullback and from then on will be on the upmove again.
I always say that you have to treat bitcoin like a business because most mining farms are located in China for the cheap electricity cost. It cost about 3 to 3.5 k to mine 1 bitcoin so I figured bitcoin is unprofitable if it drops below 4 k or 5 k. Many whales trading and holding bitcoin have an interest in keeping the price higher to atleast above 6 k...I think if it drops between 5k - 6k might be the worst scenario...Well this is just my insight so will keep an eye on it to see what it does next...I really don't think anybody knows what is going to do next...For the time being I'm not buying alt coins because it seems that all the other coins pretty much follow bitcoins path, so no sense in buying for right now. I think the bottom might be when bitcoin starts going sideways for a lil while or starts building price support.
keep it up like it.
You got a 26.90% upvote from @upmewhale courtesy of @queenbee14!
thanks ya for the upvote!