Total price of Bitcoin is in "theory" $7450 as operators has moved to Japan
Have you been hodling your BTC with your private keys for about 6 months now, you own the worth of 7500$ per Bitcoin owned.
Bitcoin legacy/core $5800
Bitcoin Cash $430
Bitcoin Gold $120
Bitcoin Segwit2x(futures) $1100
Total value: $7450
The value of Segwit2x is very theoretical though, since it is futures and since a lot of people are calling it a scam and a institutional attempt at taking over Bitcoin etc. I'm not speculating in those things, because I always hodl all Bitcoin coins and forks. Doesn't matter to to me which one will be the "real thing"
China ban no impact
As we're speaking Bitcoin is on the move up again primarily because of expectations of another fork AND the fact that Chinese regulations did not have much of an impact on Bitcoin. China has been the main country for Bitcoin trading - and after the ban traders and operators has just moved to other countries , especially Japan, because of their favorable policies.
Others are exploring opportunities in Singapore. China has a history of destroying their own prosperity. They always do that when their own people are doing good. I guess that's in the nature of communism.
You can only imagine the impact it will have when China realizes that they messed up big time, like an immature wanna-be trader who sells too early and jumps on the train again much later.
And with that in the back of our minds, that even all the FUD in China, the world's biggest country, did not really have an impact on the prices, I think people realize that nothing can bring Bitcoin down. Sure, we will see short term swings because of traders and big whales entering, pushing prices up and down. But that's mainly due to very low volume. Not much has changed the last few months.
Almost no one own a whole Bitcoin.
So many forks going on, now Bitcoin almost feels like its paying dividends because of the forks ;D
It sort of is. And I'm not so negative towards the forks. As long as you own your private keys, forks are no issue for you.
I am not negative about them it is just that it can be confusing for noobies to understand which Bitcoin is the real one.
The thing is that if you control your own private key (to your own wallet) you don't have to understand which is the real one. Because you own all of them. The fundamentals are still the same.
All the forks are often just attempts at trying to make Bitcoin better. Some attempts could be scams, some will be bad, some will be better some will be good. Perhaps it is the first Bitcoin that will forever be THE Bitcoin, and all the other coins will live alongside it.
But it doesnt matter to me, because I hodl them all. And since I will NEVER sell Bitcoin, it doesnt matter which one will be the one (if it will be such a thing as ONE Bitcoin)
Totally agree, Bitcoin is the safest path to invest in with cryptos and by holding all of them you ensure not having to worry about which will be the chosen one.
Nice strategie, I am thinking in using it myself.
Indeed, you have a good point there, that the hard forks have increased the earnings of the people holding Bitcoin, but about BTG I don't know what to say, because it does not have any market cap...
Now just imagine what will happen if China lifts the ban.
I think they will, eventually, when they realize they made such fools of themselves trying to ban something that cannot be banned :)
Yes of course, the will eventually.
It's just a matter of a few months
I think the world is starting to realize that banning bitcoin has little impact on it. Development still takes place regardless of what countries do. Also, more decentralized exchanges are opening up which allows people from wherever buy the coins.
It is almost laughable to see the governments and banks trying to control cryptocurrencies. It isnt going to happen.
Exactly. But they CAN make it illegal to own and trade it. But, that would also be ridicilous, and I think they know it. How can they control a piece of paper with text on it or a USB somewhere safe. They can't, and they know it, and that is why "normal" governments are not doing anything. Some are regulating Bitcoin as a commodity (south korea will do this) others are not sure. They don't want to look like morons. Only banana-republics and communist regimes are "banning" it, because they have no understanding.
When they do understand it, and they understand that the look like idiots trying to ban something unbannable, they will unban it.
I think the gun control platform provides a good example. Since Chicago, for example, cannot outlaw guns, they simply make the regulation process for acquiring one so difficult, long, and convoluted that it, in reality, is almost impossible to get one legally.
The feds could do the same thing here. However, with a decentralized exchange, I dont need to have anything in my possession or even operate it in the US. I simply need an internet connection and I can buy it.
So like they say, the only way the governments can stop cryptocurrencies is to take down the entire internet.
And thats why you should own gold/silver :) Or even better land and guns.
Or a rocket ship to get off this rock. LOL
This post has received a 15.02 % upvote from @booster thanks to: @scandinavianlife.
This wonderful post has received a bellyrub 21.14 % upvote from @bellyrub thanks to this cool cat: @scandinavianlife. My pops @zeartul is one of your top steemit witness, if you like my bellyrubs please go vote for him, if you love what he is doing vote for this comment as well.
This post has been ranked within the top 50 most undervalued posts in the first half of Oct 29. We estimate that this post is undervalued by $18.71 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Oct 29 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.