I want you to take a look at this chart, and really get a good look at where we are and why there is no reason to be concerned.
We are still in the bull rally that occured after all the Bitcoin, ICO-banning China-news in early September.
Even if we fall beneath that trend line we are still in the post-fork trend line from early July.
And even if we fall beneath that we still have the trend line from early 2017 .
I could of course be wrong with the support level here, but if it's correct we should see big moves within a few days either quite a bit up or down to the trendline (around $4000)
Then there should be some price action going on late October prior to the fork that should take place 25th of October.
I am prepared for some really exciting price action the following month. I don't really think it matters that much which trend line it hits..It will make big moves (up, most likely)
Exciting times ahead for sure
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Fork off pls
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Beware the Gold Fork will be on October 25
http://btcgpu.org/
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks a lot @inux2012. I got the wrong info on the date. The correct date is of course 25th October. @janusface @abuzarkalam @libertyteeth @luisneira @mangos @arturomdg @jameslashomb @fred101 @danpaulson @eazyh @zizo2011 @botixx @rvanstel @muhajir @ehabakhdar @touristpk @adelanzid
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
mmm.. maybe not. Because on November will be the update to segwit2x ..
https://segwit2x.github.io/segwit2x-announce.html
https://cointelegraph.com/news/november-segwit2x-hard-fork-could-see-newbie-users-lose-bitcoins
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Either way, you should have your Bitcoins in your private wallet before october 25th ;)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice one, let's hope that all other coins make some gains along with BTC too.
Do you recommend buying some BTC before the hardfork? For example, I could sell a bit of my Steem for BTC. I've been thinking about it for a while, not just because of the hardfork, but just to diversify my portfolio.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I couldn't recommend anything - I'm sorry. I mean, I personally am convinced that Crypto currencies is the future of transactions. BlockChain technology is groundbreaking and will not go away. We need it, and it's an industry that will grow huge. Possibly take over and be the backbone of every technology in the future.
But who knows..we could go decentralized and free, or governments will tighten the grip. Who knows. Not me.
But Bitcoin has taken a role as the "safe" haven..a place where you store your purchasing power after making money on a speculative token or a serious business whomd you bought stocks(coins) from, and invested in. Your profit goes into your Bitcoin or even Litecoin wallet where it's safe.
We're not quite there yet. I wouldnt go as far as to call Bitcoin safe. But I honestly believe it will be in the future. I'm willing to bet quite a lot of my net worth on that..
Just make sure you don't put money you cant afford to lose into it. ALways make sure you can afford a new fridge or a car if yours break down. Owns some robotics etfs, some gold some silver. Don't bet it all one one card. But personally I'm betting the most on crypto currencies. I couldnt live with myself if I didnt take the chance.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I totally agree that crypto is the future. For me right now it's just a question where exactly to put the wealth I already have invested in it. Bitcoin seems the logical way to go because of the stability and popularity of it. The risk would be government regulation, as you say. But I don't think they can ever fully ban it.
Thanks for the long answer!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
nice post. It's useful. Thanks for sharing
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
From my point of view, until we break 5000$ mark, we are in a bear market! And that kind of market is fragile and susceptible to news headlines. The market also shows a repeating trend on the grand scale, something I wrote about on my blog yesterday. And if I am correct we are overdue for a massive correction. Take a look if you can, and I would appreciate your thoughts on it.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Could be. However, I don't think we will see the same sort of correction as last time- lasting years after the mt gox collapse. Bitcoin is a new asset class, like digital gold - and crypto currencies and companies based on blockchain technology using cryptos/tokens as raising capital IS the new thing. It's so hot right now (to qoute Zoolander) and it will continue to be hot.
I don't think Bitcoin will take a rest until it reaches $10,000 USD!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Do you you think that we are still facing the implication of china banding I CO's , how long it will continue.
On the other hand I do mining . and I'm in breakeven situation or for very limited profit.
I hope things get better soon.
Thanks for your great post.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
China banning ICO's is one thing. China banning cryptoexchanges that allow the Chinese people to buy crypto in exchange for yuan is a lot more important. If 15% of the world population has no access to buy crypto, it has to slow down or even halt the increase in price.
About your mining question, If it's not absolutely necessary, I would not sell a single coin for the next few years. Its value will grow tenfold within a few years (with corrections along the way, which are not to be worried about)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you so much for your great explanation I really appreciate your advice and I will take it seriously.
Happy to follow you and upvoted.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
bitcoin gold waiting for us
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has received a 4.02 % upvote from @booster thanks to: @scandinavianlife.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This wonderful post has received a bellyrub 3.14 % upvote from @bellyrub thanks to this cool cat: @scandinavianlife. My pops @zeartul is one of your top steemit witness, if you like my bellyrubs please go vote for him, if you love what he is doing vote for this comment as well.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thenks for sharing this information
it's very important
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post received a 1.6% upvote from @randowhale thanks to @scandinavianlife! To learn more, check out @randowhale 101 - Everything You Need to Know!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
**@scandinavianlife got you a $3.18 @minnowbooster upgoat, nice!
Want a boost? Minnowbooster's got your back!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The @OriginalWorks bot has determined this post by @scandinavianlife to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
To enter this post into the daily RESTEEM contest, upvote this comment! The user with the most upvotes on their @OriginalWorks comment will win!
For more information, Click Here!
Special thanks to @reggaemuffin for being a supporter! Vote him as a witness to help make Steemit a better place!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit