In today's vlog, I discuss the upcoming Bitcoin hardfork on November 16 and show you how to get ready for SegWit2x.
Until next time, keep acing life!
Getting Ready for SegWit2x
7 years ago by cerebralace (58)
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This post is a dressed up Bitconnect shill. Bitconnect is an unsustainable ponzi scheme. Please proceed with caution. I may flag future Bitconnect posts. Your alt coin posts are excellent.
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If you cared to actually watch my video, you'll see that today's topic is centered around preparing for the upcoming SegWit2x hard fork. It is not, as you state, a "Bitconnect shill" lol. Also since I have not spammed any referral links in the post, I have not violated any rules on Steemit.
I have been blogging regularly on Steemit since May, so I am familiar with the policies of our community and personally know some of the witness and whales moderating the platform. Please read the entire post carefully (and watch the video in its entirety) before you start leveling unsubstantiated threats.
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When Bitcoin goes through the seemingly inevitable "correction", what do you predict will happen with Bitconnect?
Thus far, BCC has mirrored BTC remarkably well, so if BTC crashes it follows that BCC will pullback as well - but does it even matter?
Related to segwit2x, do you think it is more favorable to hold BCC or BTC during the fork? (comparing appreciation in BCC vs. getting B2X tokens + BTC)
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Hey @rurdy4sumfutbalz! As long as BTC remains volatile while undergoing a natural correction in price, the average daily interest rate on BitConnect will continue to hover around 0.8-0.9%. Of course, it is only the BTC price at 8 pm EST (now 7 pm EST in the US thanks to DST) that will determine the daily BCC interest rate.
When BTC falls, BCC will most likely fall in USD price as well but will probably experience only a small difference in BTC value. Since its inception, BCC is the only altcoin that has experienced a linearly increasing growth in BTC value. Again so long as BTC remains volatile (at least +/- 2% change in price each day), BCC lending returns will continue to remain good (at least 0.8-1% each day).
I think for this SegWit2x hard fork, it will be more favorable to hold BTC so that you can get an equivalent amount of B2x tokens after the fork. But I can also understand holding some BCC tokens (which generally appreciate in value) during the fork, especially if you decide to get staking rewards. I haven't ventured yet into staking only lending and holding BCC tokens. Good question!
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I think there may be a sell-off after segwit2X is released, most likely for the shorter term however.
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Yup there will definitely be a correction in the BTC price shortly after the hard fork (just like last time with the Bitcoin Gold hard fork). But just as soon as the price dips, people will start buying up cheap BTC and the price will continue souring once again!
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Hello Interesting post, the high cost of bitcoin will lead to high sales, it is there where opportunities are gained or lost, we must be aware ... Greetings.
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Thanks @leivisveliz, I definitely agree. STEEM ON!
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This post has received a 0.52 % upvote from @drotto thanks to: @banjo.
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Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Ace from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
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