Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

That is very useful information. It seems the miners are holding out on SegWit and the odds of them giving in doesnt seem likely. I wonder how this does affect the long term potential...do other miners step in and take their place?

It is all very interesting and, perhaps, the reason BTC has basically traded in a channel the last couple months.

It's hard to say really. It's such a dynamic position right now which is why I'm trying to monitor it closely.

In the long, long term I can't see Bitcoin surviving except as a store of value and the volatility will have to drop massively for that to ever happen

yeap it can only survive as a store of value. I am very puzzled as to how many prominent figures in the bitcoin world don't see this. I am not sure it's volatility has to drop "massively" for that though - as long as it's value is still rising in the longterm (long term trend remains intact)

This is very useful information. Its going to be very interesting !!!

Calling @originalworks :)
@heavey got you a $7.92 (4.0%) @minnowbooster upgoat, nice! (Image: pixabay.com)


Want a boost? Click here to read more about @minnowbooster!

The @OriginalWorks bot has determined this post by @heavey to be original material and upvoted it!

ezgif.com-resize.gif

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! || Click here to participate in the @OriginalWorks writing contest!
Special thanks to @reggaemuffin for being a supporter! Vote him as a witness to help make Steemit a better place!

This post has received a 12.96 % upvote from @booster thanks to: @heavey.

Thank you for this post. It's really helpful in understanding what causes the fluctuation of the BTC price and value.