Bitcoin AND Steem are both going up this month, just watch! I can prove it!
Bitcoin is on the rise, and so is Steem, and neither of this is temporary, let me explain why!
Bitcoin
.. is going up, because now it is even harder to obtain by miners. Prior to the halving, people were mining bitcoin and dumping it for USD, and they have been doing that since the last having of 2012.
Note: Miners prior to 2012, many of them were saving them instead of dumping them.
Skeptics will tell you, "well the last halving in 2012 didn't raise the bitcoin price very much"
What they don't realize, is that in 2012, bitcoin didn't have such a huge following that it does today. Bitcoin halved, and no one in the normal world cared.
Four years later, which is a lifetime in the cryptocurrency world, we see that people do care.
Once the market realizes that people are demanding Bitcoin faster than miners can mine it and dump it, naturally the demand for Bitcoin will increase, and so will its price.
Not only that, but a lot of newcomers to steem now want Bitcoin too. That's creating new attention to the coin, and a new appreciation for what it can do. Bitcoin has no choice but to increase in value.
Steem
Steem is going up, because no one expected it to take off like it has... The sheer fact that Steem Power (the bulk of what users earn) is vested for 2 full years before they can power down and dump it onto the market, means we are all tied to the success of the steem platform.
This means that steem is not just a fad, or a trend. Steem has accumulated a terrific user base that has a financial "vested" incentive to see this system continue to do well over the next 2 years at the very minimum.
Investors want to buy it while it is low. In my opinion, low is less than $20 a steem. My prediction for 2018 is that steem will be trading at $20 per steem, especially when huge corporations want to buy steem. They'll want to buy steem so they can power up, and advertise on the system.
Money goes where there is attention.
That's why facebooks' founders are rich, this is why TV producers are rich, google founders are rich, and this is why the decentralized platform of steem and its users can share in these riches too.
So when you see people freak out that steem went from $1.00 to $2.00, you are going to see a lot more of that excitement happening over the next two years. Soon we'll reminisce about the times when steem was under $20 and Bitcoin was under $1000.
Mark my words. I wrote this July 12, 2016, and if this happens by the end of 2018, I have earned the name intelliguy.
P.S. upvoting a post that you want other people to see, is always important. That is the subject of my next post coming soon. :)
Bitcoin is in the right place at the right time to benefit from the coming global fiat collapse. But a rising tide raises all boats and that bitcoin wealth will then spread out across the leading other blockchains that have something unique to offer. But remember, as big as bitcoin is, more people will hear about digital currencies from other sources in the coming year. Think about what that implies for the long term.
The importance of this dynamic cannot be understated - right now there is an ocean of fiat sloshing around looking for a place to go, when the dam finally breaks there will be a tsunami of value flooding into crypto assets causing the largest transfer of wealth in human history.
Obviously Bitcoin is the future. Nothing has changed there. Steemit could be the killer app for cryptocurrency! I think it will lead to some large scale mainstream crypto adoption as I mentioned in this new post of mine: https://steemit.com/steemit/@bitcoinmeister/is-steem-the-non-technical-ethereum-rival-of-bitcoin-will-steemit-be-the-spark-that-starts-the-rush-of-regular-people-into-the
To be honest, I had someone tell me Bitcoin (after the halving) by chart reasons is expected to fall to 450 and stay there for a long time. I didn't listen.
There is not much logic to that $450 prediction. In theory there could be major turbulence and it could hit that low but not stay there. Long term (more than 3 months) outlook is very bullish. Miners will not be sending as many coins to exchanges soon enough. Less supply on exchanges means higher prices if demand does not drop.
1157% in last 7 day!
Which is scary if you are getting in now..... which I did anyway
Not if you read my post in its entirety. It will have dips and lows, but I forecasted where all this is going.
Where can you purchase steem? Can you exchange btc for steem? If so, what exchanges?
You can exhange btc for steem right here by clicking on your username -> My Wallet
These sudden big rises should not influence one's decisions. They come and go. Don't be surprised for a sudden fall after a sudden rise. It is the long trend that matters the most.
The most important result of the sudden rises isn't where the price of Steem comes to rest, it's the eyeballs that the 100+% rise attracts. Every time we have a big jump, even a temporary one, participation jumps. It's human nature. We all want to be part of a winner.
ok cool thanks
How about bitcoin block halving ? o.O
I already addressed that in the article. What are you referring to?