Well Not Much Today

in #bitcoin6 years ago

hardwork.png

I really don't have much to write today I normally try and hit every day up with some worth wild information but coming down with a sore throat has really left me in a bad mood lol

That being said here is a quick recap of some of todays big events.

1 - Stock market goes back into crashing mode

A recession is either here or very closing to being here and still in 2019 the fed is talking about bumping up rates 4 times. That means your mortgage is going to be at about 6% by end of year if not a little higher. As you can see we are starting to creep right back up into that wild zone when the market came crashing down.

Its thought that the USA wont go into recession but the rest of the world will and that very well could be the case but its still going to be slowwww in 2019 for sure. That being said I also feel like it bumps our chances of going into a major recession/ depression soon as rates start to get out of control as the world economy slows down.

2 - Bitcoin lost some and so did steem at $0.22 now

I really think steems bottom out level is going to be around the $0.19 range where it was last year when bitcoin was about $3,000. Now that very well could go lower and more particularly because of recent events.

I swear @ned was suppose to have a live Q&A like two days ago but I still can't find anything? I really hope we didn't slip back into the dark.

I know many of you had a few choice words and ok yes warranted but its time to get over it and help build, survive and thrive now you said your piece.

3 - Bitcoin will survive however in what from

To me bitcoin will always be the core the one and only real cryptocurrency that has stuck to its guns and started it all and to me thats worth value right there and why it should be the gold staple. However prices are getting killed lately but lets not forget the entire world is in fact slipping into recession and I feel like cryptocurrency feels it first before the world markets do. This is because it is traded 24/7 while stocks are not and stock also take time to sell and change hands etc.

Block chain for sure is here to stay and jobs and demand to learn it are both increasing at a rather large rate now. But that does not mean bitcoin, it just means the underlying core of bitcoin and how it works. This is where I get worried. As we saw the year before with ICOs I think we will be seeing with companies here soon. Where they all have their own systems, coins, infrastructure etc. and bitcoin kind of just hangs out to the side. I feel like banks also will start to develop their own tech for this and bitcoin very well might be left out in the rain.

That is unless us we the people say no to that and instead stick to bitcoin, I don't think that's going to happen though as we saw people buying up total junk crap coins to try and make a quick buck back in 2017.

MY thoughts for the day goodnight Hopefully better by morning crosses fingers


steemit-sig-final.gif

Sort:  

Bitcoin will be here to stay bo matter how institutions use blockchain for themselves in the future... Actually, the use of blockchain even if permissioned will demonstrate the strength of the technology and will help adoption for those blockchain that can be built on like Steem, Ethereum and EOS (among others)!

Posted using Partiko iOS

Hi, @bitcoinflood!

You just got a 50.09% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.

Congratulations bitcoinflood, you brought 1 referral(s) using the @share2steem referral program !

You reached LVL 1 and earned 0.02 SBD !
Move to LVL 2 by bringing 5 referrals on @share2steem !

!tipuvote 0.02

Check the achievements list on https://share2steem.com !

Participate in our Christmas Challenge : 5 SBI shares to win !

This message is generated automatically.

This post is supported by $0.02 @tipU upvote funded by @share2steem :)
@tipU voting service guide | For investors.

Coin Marketplace

STEEM 0.19
TRX 0.15
JST 0.029
BTC 63220.55
ETH 2560.85
USDT 1.00
SBD 2.80