Let's take a quick vote to gauge user sentiment here on Steemit. I'm sure many of us hold some amount of Bitcoin if not have atleast followed it on it's journey from low values to ATH levels. I'm sure you have something to say on this matter.
You may select between 1 or 2.
- Bitcoin is Up from $0 to $6000
or - Bitcoin is Down from $20000 to $6000
So, Let's Talk!
Tell me which side are you on and what are your thoughts on where Bitcoin is heading generally speaking.
Do you see it having increased it's value or you see it bringing down the whole market? Let's hear it!
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My original Bitcoins fell into my lap while in the process of (what seemed to me) helping an old friend through a hard patch. It was documented in an old blog post of mine starting at around the 5th paragraph.
https://steemit.com/steemit/@novacadian/observations-of-a-fairly-noobish-steemer
In the crash in 2015 when BTC went from $1500CDN to $300+ was when my true faith in crypto was ignited and had me doubling down on my BTC holdings with blood still on the streets. So with my highest buy in of about $320CDN, today's $8463CDN price is still looking pretty damn good. 😎
As to where Bitcoins are heading, it is my feeling that the dust has not fully settled on last year's fork. Holding equal amounts of BCH and BTC my hope is that my position is hedged regardless of the final outcome.
BCH seems more true to the original whitepaper of Satoshi to me. The fact that the new Lightning Network layer of BTC is a corporate owned patent does not sit well with the original philosophy surrounding Bitcoin either.
The crypto revolution is still in its infancy with such concepts as steem and EOS' delegated proof of stake as opposed to the traditional proof of work.
That jury is still out as well, though it has me following developments with great interest.
Crypto has never been a get rich quick scheme for me, just as my interest in the world wide web of the 90's was not driven by an interest in IPOs. 😎
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That's quite an interesting journey there. I think there's a lot more to come in the next 5 years in this space.
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It's a little weird because started my crypto journey when bitcoin was 5K in 2017 and then went to 20K and is now back to the same levels.
I have been around the crypto space for nine months and it still feels like I am a newbie....... too many things to learn
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It's always the highs we remember, it's what we use as reference point and what we aim to beat.
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I think Bitcoin will remain stagnant for another month but after that, it will start to edge its way higher until at the end of 2018 or beginning of 2019, it will be around the $9-$10,000 range. Bitcoin has taken some hits the first half of this year but I think it will recovery so I am optimistic in the long run.
But having said that, my vote is #2. The only reason is, I paid $100 for my first portion of a Bitcoin when Bitcoin was at $16,000 :(
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I want to be an optimist and think that it will not keep going down, but it will give us a big raise and it will surprise us. I have something deposited in one of the platform to earn bitcoin. I hope you upload friend
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What platform is that?
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I think one's perpective is much influenced by the price of BTC when they got in.
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I'd have to go with number 1. I lost mine in the MT Gox crash and now it looks like they'll be returned.
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@firepower Thank you for your valuable information about crypto.
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1... So what if it once hit 20k... It was once at 0...
Posted using Partiko Android
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this is really stupid to disclose ;-)
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I am in favor of 2. I know bitcoin almost from its beginnings, I saw it grow and fall many times, it is not the first time I hear that this is the end of the BTC, unfortunately I did not have saving power in its beginnings, if not So it would be some of the beneficiaries, I bought some bitcoin for $ 17,000 although its value plummeted, I'm not desperate for the loss, I have faith that I will return to its value, it's a matter of time
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Definitely option 1 - in the long run, I think that Bitcoin will absorb the market cap of most of the other alt coins - it's the most secure and decentralised blockchain.
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Of course i would want it up but beign it first cryptocurrency people know and the eldest, people think its the course of being down by the cryptocurrency market cos once it come down, other cryptocurrencies are down and sick too. Example is now!
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Have started to look at Bitcoin from year 2016 when it's price was nearby $800 trying faucets like freebitcoin and moonbitcoin but couldn't got it legit or profit worthy and leaves it and all of sudden it started rising and when got a news in paper about it it got my attention back in 2017 and started my crypto journey again.
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I'm #2 simply due to when I entered the space. I see Bitcoin recovering sometime in the next 2 years and making a new ATH. With that being said though I am no longer invested and don't have any plans to re-enter.
It's kind of funny that the infighting I was noticing as a new investor is what drove me to look at other projects and here I am a new member of steemit and I'm not feeling so hot about all the infighting that seems to be going on here either. I just hope it's the healthy kind around here.
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Chaos leads to change haha. I say that to myself as I keep observing the changes around here. I reckon most people would do the same if they were invested in a company. They'd want people running it do the right things and all stakeholders working for it's benefit.
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