Welcome Steemit Friends. There is good news for Bitcoin.
Bitcoin is running about $60 lower in Poloniex depending on which exchange you are watching.
The SegWit2x folks have decided to wait until SegWit runs its course rather than risk a split of Bitcoin into two coins. the civil war is over.
Bad news for SegWit2x - the new implementation stuck and locked up during testing. It is good that they decided to wait because their code is immature.
SegWit is proved by Litecoin (LTC) and as we know is the Graphene Version of Steemit Segregated Witness.
Investors are still very skittish about Bitcoin and SegWit especially SegWit2x. I bought some yesterday watched it drop when I thought it would go up after the news. I dumped it for a loss.
SBD is momentarily climbing higher after jumping for a short time period on high volume to 0.0005 at 1:30 am Mountain Time.
Steem is quite a bit down but hanging steady. News of the success of Graphene and Segregated Witness in Steemit has not leaked out yet. I put my Steem up for sale at 0.001 and expect it to reach that price some time soon. When it gets there I might not sell it but that is my target sale price.
Last but not least, interactions with the United States Government and China over North Korea and the South China Seas seem to be affecting bitcoin and altcoins negatively. China mines, makes equipment for, and is a big investor in Token Technology. The Chinese government is not but the Chinese people are. One can expect some uncertainty about what the government response would be if the United States decides to change regimes in North Korea.
As you can see from the graphic, ZCash (ZEC) is having some wallet trouble and this is not unexpected a developers shouted at the release of the coin that it was untested technology and of great concern at the release. This caused a drop in price from $119,000 to $36 if you remember. I sold mine for a very nice profit before the crash. I expect that the wallet will be fixed shortly, especially since a vast majority of ZCash users do not use the stealth method of sending the coin anyways.
Freewallet has an android wallet which still seems to be working and my deposits are going to there from genesis-mining.com. Genesis is still up and mining but I noticed they stopped for two days and did not tell me. They did however give me another 5 units of hashpower so, who cares?
Poloniex appears to be up and running like a champ and I am buying Litecoin. It has a very good and secure outlook.
Oh, for the longest time I did not know how to take my Steem and Steemit out and then put it back in with having a Linux Operating System. That problem is solved. You can deposit Bitcoin into Steemit in your wallet.
Again, Steem and SBD are fluctuating wildly in price and if you can call it right there is great opportunity to buy low and sell high over and over again. I still expect the overall trend toward increase in price and value.
What I would like to see is Steem and SBD available for USDT!
Go Steemit!
Image Source: @jeff-kubitz
Sources: CoinDesk.com Bitcoin SegWit2x Testnet Fork Scaling Proposal
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I've been reading up on crypto trends, and it seems like crypto sells off in summer (people are going out on vacation and take profits). Then when school goes back, and Fall hits then crypto bounces back a little. Then it pulls back again for the holidays.
Then January hits, giving a nice bounce. But the craziness doesn't begin until the end of February when those tax refund checks begin rolling in.
If we are indeed looking at a cycle, then a dump of Steem this summer might not recover back to where it was until after January.
Picking up Steem throughout the summar and fall will be cheap and if done at weekly intervals in small amounts, you could level out the losses and gains. That may be a better strategy than huge purchases of Steem Power now or even in a few months.
Then again, I could be wrong and Steem goes to the moon like tomorrow.
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Thanks for the information @jeff-kubitz
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;D @moemanmoesly
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Your source link to CoinDesk doesn't mention any delay for Segwit2x.
Is it mentioned somewhere else? I don't see it in the Bitcoin subreddit either.
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Thanks for asking I really had to look at it many times to find it. From the Source: The 2MB hard fork is the second part of the Segwit2x proposal, an effort to double the block size parameter, which will happen three months after the Segregated Witness (SegWit) activation.
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Okay, but does this vary from their original plan? That is what I'm asking. If its the same as before - I don't get how this is new.... or is it?
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Wise words dear friend @ jeff-kubitz, I strongly agree now is the time to buy and accumulate coins as long as one can.
Thank you very much for these words
I wish you a great day
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Thanks my dear friend @jlufer the Steem and SBD wallets are not working in Poloniex again
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wow! that's amazing, may be is connected to the recent heavy dip in the market.a good step in the right direction.thanks for sharing your wealth of experience.you have my vote resteem and follow.you can do thesame.lets steem on!
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Your title is a complete misrepresentation of the article. The 2MB HF was always planned for later. Doesn't change the current situation.
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Yes, but the fear is that bitcoin will split like ETH, so if they wait it will not happen and also the code choked in tests so it is immature and they cannot run it like planned
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Thanks for the news. Upvoted and followed. Please feel free to do the same.
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Thanks for info! It's useful for me. We are almost all interested in the growth of crypto)!
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