4 solid reasons why the Bitcoin price crash is GOOD!? @BlockRush
Bitcoin's price is going do and it is could be GOOD, we will explain with 4 solid reasons why the July price crash for Bitcoins, Ether and other crypto-currencies could be a deal maker.
CoinBase did go down due to the effect of the severe price crash while Steemians are having a depressive time as they see their earning dwindle by almost half, however you can cheer up, all is not lost.
1. Wake up call for stakeholder
Bitcoins problems are all due to the complacency of its developers, miners and investors to improve the code, and the price crash would serve as a wake-up call and incentive to cause them upgrade the network.
2. Opportunity for new investor
While many people have invested into Bitcoins, there are those who felt left behind in the Bitcoin Gold rush due the rising price of Bitcoin. For all those what wanted to invested into Bitcoins as well as those who have been waiting for the price to drop to buy more, this current price drop will be their window to invest into Bitcoins.
3. Give opportunity for alt-coins
Bitcoin has been a fierce king of the crypto currency industry, and most good alt-coins have had to face legitimacy questions from investors due to their low reputation score as compared to Bitcoin. However, with some investors looking to diversity due to this Bitcoin price drop, they would now consider the alt-coins they had previously dismissed for Bitcoins!
4. Gain more attention
There is not doubt that Bitcoin already has enjoyed ample amount of attention from the media, however the price crash has made it a headline in all major news outlets meaning more and more people will get to hear of Bitcoin and crypto-currencies!
Why is the Bitcoin price going down?
It is because Bitcoin sis about the undergo a civil war which could split the network, irreversible bug it or even destroy it. Read more about the upcoming Bitcoin civil war in our special report:
Bitcoin, SegWit2x and everything you need to know about 1st August @BlockRush
What do you think?
Let us know of your opinions by commenting below! Follow @BlockRush to receive updates one the Blockchain powered series as well as other intriguing #Blockchain reports.
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Competence is good by design, so the possibility of a split could cover the needing of different communities and also opens the door to new players to gain a place
thanks @metabs, what do you think of our new post > https://steemit.com/bitcoin/@blockrush/alphabay-straw-that-broke-the-bitcoin-carmel-s-back-blockrush
Very good post. Interesting to see I'm not the only one that is thinking about this. The cryptospace definitely feels a bit inflated. However we also said that about the S&P 500 40 years ago Does anyone know about: https://www.coincheckup.com The site is my go to place for crypto investment analaysis and indepth coin research. Check: https://www.coincheckup.com/coins/Bitcoin#analysis For a complete Bitcoin Analysis