You are viewing a single comment's thread from:
RE: The Markets have now completely broken from reality.
Clif High's latest Alta Report says that January to mid-July 2017 will be a great time for gold, silver and bitcoin investors.
The data has other indicators for the largest rush upward for precious metals and bitcoin to be from January through to mid July of 2017.
Bitcoin will outperform all IMHO.
The scalability issue. Bitcoin has a hard-coded 1 MB-limit, we've just reached the ceiling, so there is basically no more room for growth - and I believe a fair deal of the current market price is built on the promise that bitcoin will continue growing in popularity and adoption. It just won't happen unless we can increase the capacity.
Bitcoin is like a big ship headed straight towards dangerous reefs. It ought to be easy to adjust the rudder and steer into safe water, but instead of actually doing that the bitcoin community is busy arguing weather to steer starboard or port and weather the reefs are dangerous or not.
I'm currently very pessimistic on Bitcoin. Overpriced, overhyped, will soon collapse hard.
I hope I'm wrong.
I've been through bitcoin's 3 year bear market and I don't think others like me are going to sell just to break even or take 2x/3x/4x profits. Bitcoin has gone through bootcamp and has weathered the storm. Now is the perfect time for it to shine -- especially once people see global markets tank.
If you're going to invest in Steem, I recommend investing in SBD(Steem Backed Dollars) for now.
Ref the title, markets may be completely broken from reality - indeed, the bitcoin market price may still shine. The realities doesn't look good. I've been an optimist for two years now, but it seems rather crystal clear that the bitcoin project is in a stalemate, with neither the "segwit soft fork"-camp gaining ground nor the "bitcoin unlimited"-camp gaining ground, no middle-way proposals gaining popularity and indeed, tsomething needs to be done, because the bitcoin ship is headed straight for the rocks.
The issue was highlighted in 2010 on bitcointalk - https://bitcointalk.org/index.php?topic=1347.msg15366 - but as one can see from the thread, satoshi procrastinated dealing with it, and since ~2014 there has been a heated argument over what to set the new limit to, how to fix it, and weather it should be fixed at all.
You may be right about others like you. But what about the guys who still have Stupid amounts of it from really low prices. What if the Trump effect props up global markets for all of 2017? I think the globalists will crash the stocks the second he is sworn in but I thought they would do that right after he won and they propped it up so. Also Steem is near its all time low since existing and being live. Buying steem here even if it loses half its value is smarter than going all in on SBD 50/50 atleast.
Cliff High also doesn't think fast food workers deserve to be paid the equivalent of three whoppers an hour.