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RE: 2nd Jan 2018 Bitcoin Price Reversal 📉 Aborted? When Moon? Steem Up 88% But Why? (The Cryptoverse)

in #dtube7 years ago

Thanks for these indicators and tools! I've really been getting into my stats and proba this year and am loving finding new applications for it. The volatility of crypto makes it just so much more fun :))))

But i'm not too sure about bitcoin. It seems to be keeping support despite what's happened recently. But today some cryptos don't seem so shaken by BTC price drops (not BCH and the like). Others were insulated from major loss over the holidays but are still following the upward trend. I think suggests support for crypto, less so BTC specifically.

In the long-term i'm not so sure about bitcoin. Critics love to throw around the story of the Dutch tulip bubble. Crypto is nothing like tulips, it is a new technology which opening the door to a new paradigm. So a comparison with the internet bubble is drawn. Yeah, some companies rocketed up and dropped just as fast with lots of people losing money from bad investments. But internet was a new technology stepping into the public domain. Now it has changed everything and continues to do so. And many of today's giants are websites - Booble, Amabomb, Bbay etc. etc.

With blockchain we're coming onto something totally new which is finding new applications everyday, and the market is just going to keep growing in all aspects. Sure lots are going to crash and burn along the way, but some of tomorrows giants are just starting out now and can be invested in cheaply.

Don't think BTC will be one of them though, others are going to take its place. Thoughts?

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