Bitcoin ready for take off?
Bitcoin is ready to make a big move. Up? Down?
Who knows. This is how I see it. The shakedown to $6000 probably scared a lot of the people who jumped into Bitcoin because of the hype. A lot of people lost a lot of money on Bitcoin, and they are now saying Bitcoin and cryptos are bullshit. At $6000 and higher though, a lot of smart money (remember the person(s) who bought for $400 million USD a week ago?) bought in.
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Useful stuff. I hear bitUSD os a better alternative to USDT. Correct me if I'm wrong but you have to be on BTS to use bitUSD and the DEX has low volume. So I'm waiting a little bit to get in.
I'm a big fan of NEM and SONM btw.
Thanks for letting me know about SONM!
Glad to spread the good word. SONM is going to get a massive amount of GPU power when ETH goes POS and SONM is already ahead of Golem and RLC when it comes to tech while being cheaper.
Any idea when ETH goes POS? I've heard both negative and positive about it..I took a little bit ETH off the table and into Bitcoin (good move!) just to possibly hedge myself and not sit on a too large position in ETH.. On the other hand...ETH has proven intself. SO many projects are ERC20...
There is really no set date. There is a mining difficulty bomb that is set to make ETH mining unprofitable by increasing the difficulty. It is to be triggered (If I remember correctly) Q2 2019.
As for now I have seen this from the GitHub: https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQ
and this other article: https://www.coindesk.com/ethereums-big-switch-the-new-roadmap-to-proof-of-stake
R&D must be pretty difficult. These guys are changing the wheels of a moving car.
Thanks!
This will help people a lot.Nice calculation with in depth analysis.You are showing some serious skill of reading market trend.If any one read your post on crypto then he can take a move and i think he will be benefited.Thanks for such informative post.Hope there will be no big disaster now.@upvoted and resteemed
Thanks for resteem and kind words!
You are most well come,i always try to follow your post @scandinavianlife.And thank's Aa lot for reply my comment.
It's clever to resteem my posts. The more followers you have, and the earlier you resteem, the more I'll upvote you ;)
Good to see tether does have sufficient backing...i took alot of funds out of bitfinex over the concern...australia has been pretty adoptive over the whole blockchain industry...its good to see
I did remove the little I had on Bitfinex as well. It's hard to tell what the outcome will be. So, better safe than sorry.
This is the informative about cryptocurrencies specially bitcoin . At present time popularity of bitcoin is growing u and spreading to the world. As a crypto user we should know update information about it . In this regard your post is very help for us. Thank you for sharing this post with us.
Thanks :)
welcome.
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I consider it an interesting publication for the knowledge of the digital currency, thank you for sharing this publication of information
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Nice info. Very useful.
hahaha. A very good statement, couldn't agree more. :thumbsup: :D