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RE: BTC - We may finally be breaking the down trend
I prefer slow an easy so that value can rise consistent with price as the technology matures and adoption increases. However, volumes are somewhat lackluster for breakouts and the use of leverage will make traders manipulate moves and volatility. We are truly at a crossroads so we will soon know.
The introduction of Ether CBOE futures may also help. People will be able to short ether instead of just bitcoin. I would expect that alleviates some of the short pressure on bitcoin. We will see.
I agree and during the slower ascension I would like to see more scaling solutions implemented, otherwise once the market reaches heights we saw last year/Jan the transaction costs will be out of control again and then we will have the constant FUD (probably justified) about how the technology is overvalued relative to utility.
That is a very good point. We definitely need the tech to be advancing if we want to hold more of the gains the next time.