Vlog 219: Bitcoin toying with 10k again + Steem scaling update

in life •  7 years ago 


Bitcoin is close to breaking $10k again. I wonder if it can do it.

If this is the beginning of a new uptrend I might regret my trading tactic, lol. (I have not bought above my baseline).

But for now I'm still sticking to my plan.

I would like to see a little more of a recovery before I make any changes to it.

STEEM is looking great at $4.35 and SBD at $5.36.


Last night the Steem inc. came out with a cool update about scaling here.

from the post:

These changes have been in the works for many months, and represent a major step forward for Steem. AppBase provides a robust foundation for meeting all of our future scaling needs, and will allow us to grow the platform while at the same time managing the resource requirements for third-party application developers, witnesses, and exchanges to grow along with it.

I know for most users on the steem blockchain this might not be the most spectacular news because all the changes will be under the hood but in the future when millions use this blockchain it needs to run as smooth as it does today.

Now, as you know, this blockchain can already scale pretty well compared to most other blockchains here.

But with these changes the foundation will be even more solid for everyone to build on.

I talk about it more in my vlog.



I am a witness with our developer group @blockbrothers for the Steem blockchain. If you want to support us I would appreciate your vote here.

We build Steemify a notification app for your Steemit account for iOS.

Get it Here:



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steem blockchain is going to become the top forever if they work on this level and such hard work as input the results will come .. Great post

This is amazing. now we're aiming for $11000! This is highly unpredictable and a really frustrating ride for beginners.

O wow, this is really a good news for steemit community and yes it is definitely going to help in the scalability.
Exyle, do you have any idea when SMT's will be going live?

smt will be live in the middle of this year

Thank you. I am waiting for that day.
It will be really exciting.

There is free bitcoin.

No, as far as I know there is no eta yet.

STEEM with his many platforms is a ground breaker.
We all know scalability is king.
Any improvement concerning the blockchain will bring more stability to steem.
My heart is content and keep on steemin’

Yeah! Good article! I decided to take out 50% of my SBD into Bitcoin moving forward on a weekly basis. Friday is payday! Lol :-) Other than that I'll take 25% in fiat and the other 25% Steem Power! I'm also only going to power up my 25% if the SBD price is higher than STEEM. If SBD is less than STEEM then I'll hold the SBD. I'm going to try this for a while and see how it goes! Thanks for the post!

should hit 10k this week

I see it growing even further.

I have noticed that Bitcoin's rise this morning... It is exciting of course... But I am wondering that SBD's rise... is this normal? I am happy with it but if the witnesses do something to make it to equal to 1 USD, that can be real disaster for all minnows as me. What is your opinion about this mr @exyle.

An SBD is worth 1 USD worth of STEEM. It is currently trading much higher for some reason. I think that is great for content creators at the moment. I do believe that given enough time it will come down to 1 USD worth of STEEM all by it self.

Anything that's good for Steemit long term is good for me too. I wish I was more knowledgeable about the "under the hood" parts and codes but I'm not a coder, just an artist super stoked to have a social platform where I can share my art, people who follow me can actually see it, and I can earn some money, and help others to earn some too! Thanks for your work as a witness

Yes you are a smart guy clearly... I think it is good that you not buy above the 10K mark i am just a small player in the crypto game but i can imagine that you are doing some Serious business on the exchanges. I think Steemit is great also because i can put in my sbd that i earn to Bittrex so i dont have to use any fiat..

Love your blogs..

I don't day trade. I'm a long-term holder in general.

Oké, Well i think longterm is the best way to go in crypto i have 6 coins that i Hodl longterm.
I see with daytrading that wen the big dip comes most off you hard work was for nothing.
I know its a matter off taking your profits and not getting to greedy but I must confess this is hard for me sometimes. Again i am a small fish i started out with 300 usd last september and on 6 februari i put in an other 500 usd and my portfolio is now x4 my investment i am really trying to build it up not even for myself but if crypto will last then i could be nice for my childeren in a few years. I also keep my day job😜😜😜

Awesome and congratz on the good news with your father. good information regarding scaling and also the future of steem.i am new to the platform and i must admit i thought it was preferable to post or comment about crypto only but as i slowly start to grasp the platform in all its aspects and i like that you mentioned about different community within the platform its going to be a different
place over the next couple of years and i hope to grow with it

I'm super excited to see how many new apps will appear on this blockchain this year, as people realise it can handle a immense amount of traffic with this update.

The development will only increase in the future!

Bitcoin is really back to it's old ways and that's really great to see. I almost forgot how it felt seeing the price of bitcoin go up. As of now we're about $80-$70 away from hitting $10,000 again so we could very well see it hitting 10k today. However I still feel like we will start to get really bullish in march.

Mark, there is something I don't understand in your vlog. You said you earn Steem by blogging, but I get SBD and SP (50/50) but no Steem. I can buy Steem with my SBD, but I don't earn Steem right away as you told in your vlog.
I am glad you are going to transfer your contract today. I understand it will be a great relief for you.
By the way, you look so happy this morning, I can understand why, but it is nice to see you so happy!

It's a little bit confusing I understand but in the end everything = STEEM.

1 SBD = 1 USD worth of STEEM. (I know it's trading for more atm)

SP = STEEM but already staked (or powered up).

I did not want to mention all this to keep it it simple. It's hard enough sometimes to understand.

The STEEM we earn with blogging we can sell on the open market. The market today says that 1 STEEM = $4.35 USD.

And thank you, I'm really happy today :)

Scaling up i read about that and the future seems to be bright you are right that many wouldn't see this as a huge thing but it is infact thinking in mind already what challenges could come up and ready to battle them on the front end steem ecosystem is ready

como logras que exyle , pueda darte un voto?

I feel a great sigh of relief as BTC recovers and seems to be on that upward trend again. Gonna hold on to my rails as this roller coaster ride has been exciting and scary at the same time.

My humble opinion is that bitcoin will begin to gain ground lost, I have been seeing this behavior for more than three years, impressive falls and fast recoveries, always breaking a new record, I think this time not for reaching the $ 40,000 before end of the year.
As for steem, I never had the slightest doubt that it would be the best cryptocurrency, it's just a matter of time
Thank you very much for sharing all this information
I wish you a great day dear friend @exyle

I hope you are right about BTC but I like to see a little more of a stronger signal.

What do you think, will kryptos will fall again or are they stable and will grow up now?

I don't know. That's why I stick to my investment plan for now.

Yeah, I saw it yesterday. Looks like great waves are waiting for us in the future :)

Do you think @exyle that there is a chance the Steem will go to the Moon after the scaling?

No, it can already scale better right now than most cryptos. But I do believe STEEM will go up over time.

@exyle,
They are on the track! So, next release should be SMT! Excellent update!

Cheers~

Now Chinese new year FUD is ending, we can expect bullish trend in the coming days...Bitcoin looks set to test the $11,000 mark soon...

right say.

Thanks!

yep I totally agree you smart lil' whaley

Thanks!

@hms818 what is your prediction for bitcoin at the end of this year?

Anywhere between 25k-30k ...

Ok. look I don't say you are wrong, but I also posted about this in my blog... If what you are saying is right, why the fuck are those bastard economists scaring the fuck us off...

https://steemit.com/cryptocurrency/@davidshaw/if-crypto-plunges-so-will-our-careers

There is free bitcoin. @titanik

Where?

thank you hopefully this was the bottom

Excellent video friend and i agree with your thoughts scalability is one of the biggest problems that bitcoin and eth is facing right now and they have no solution how to tackle with it but great to hear that steem is already working on scalability and at present with equal load it works way better from the rest of the blockchains and i think this is one of the biggest edge that steem blockchain has from the rest and this is beneficial for all steem user's, i am also happy to see nice green days in crypto space and i hope we soon see atleast 10$ steem, thanks for staying us updated regarding steem blockchain friend, Stay blessed

Bitcoin and crypto market was encouraging today. Need to invest carefully now.

There is free bitcoin. @titanik

I can't help but think with people like you Mark @exyle and others in the development areas of STEEMIT how spectacular all of the Features that will be built will only make for the BEST Crypto Block Chain of All !!!

Damn I sold a bit when market was showing a down fall. I made a small amount during the rise and fall trend back few days. But I think I will be losing on a big bull run. I sold around 2 Ethereums when it started to fall from $850. And I regret it already.

Mistakes will be made, the only important thing is becoming better on the way. Even if you make less money because of a couple of bad trades, you can still earn A LOT of profit over the next couple of years.

Agree 100% short-term losses VS long- term wins, see it like that.

Have been a victim of FOMO too. Bought bitcoin just before the CME futures. 19k. Still HODLing.
Lol.

Selling when the market is falling looks like a temptation. A lot of people do this. They sell in panic and later regret. Many buy when the price keeps increasing and sell when the price falls. Both are not the good things to do. Buy when the price drops and Hodl. Don't sell when the price is increasing, instead one should look at it as a long term investment. They should withdraw only when they are in need of money.

Agree !!
I was day trading the up and down trend. Thought it would go down again but it didn't.

  ·  7 years ago (edited)

The futures of BTC might try and inflate the price leading up to the end of the first contracts, where if they are able to manipulate it and bring the price down, whoever shorted bitcoin will make 10x on their money.

BTC will be back for sure but till then it's a patience game. I wonder when BtC picks up where will steem go. 10 USD steem does not seem a far off reality i guess.

It's great to see there have been scaling upgrades made to Steem. I know it will help greatly in the future when we have millions of users.

So let's all say to them :
new year gif.gif

So that Bitcoin can get back on track. :)

But steem is performing extremely well so one day we all can
giphy-downsized-large.gif

LOL classic as always

OMW that is so funny....But seriously I agree....So happy New Year to them all the best for the new year and let them get Bitcoin back on track.....
get back to work now giff.gif

Wowww great news !! It is a bullish week form steem and steem Dollar we should have to be consistent and patience about market👌🏻It's a gentle request I am new here I just join by few days ago I take so much time know how steemit works and how people are get many friends I want also please visit my blog and advice me some thing to do that appreciate my hard work please

  ·  7 years ago (edited)

Looking at the global market cap is also going up to 500 billion again. It does seem like it's making a very fast recover. Very impressive to see Litecoin go up 28.5% last 24 hours. Bitcoin is now at $9894 it's about to cross the line to the moon again!

All this probably happens since there was around a 3 week delay for people to get accepted on the exchanges so you still have people coming in from December month! Wouldn't be surprised if we see another massive dip soon because of it. Lots of new money that has never seen massive dips before. It's a roller coaster!

Thanks @exyle. As always, I love your positivity about this. I don't think crypto is trending because it what's most people are interested in though. I think it's trending because it what's most people with power are interested in.

The trending section belongs to a specific sector of Steemians. The cast majority have absoutely no chance getting on that page, even using voting bots. It's a real shame I feel because, in a sense it is the storefront that new people to the platform see and it's no way representative of what's here.

Have a fun day handing over your contract. Sounds like a big step for you. More great news! 😊

Bitcoin dropped considerably last week when the Chinese government prohibited foreign cryptocurrencies in its current commit to reining in Bitcoin and different cryptocurrencies. now its a good news again thanks for sharing this info

Your posts @exyle are always wonderful... I do imagine where u got your wisdom from atyms. You give new information everyday. Great one sir

Enjoy your life Nice post keep it up Thanks for sharing

yes he is a boss :)

I noticed many people (including experts) who say bitcoin and all market will go up for a while, then it will drop again.
They expect that bitcoin might go to $7K again, after that the drop will end and it will go back up again.

Also, it's good to see Steem go up with bitcoin, but be careful guys from the price if it goes down.

Thanks for sharing news Its a great news keep it up and share more news thanks alot
God bless you

Hello ;)

Sir @exyle you a great man... Thank you for the info

There is some good news for Litecoin as well. Litecoin price is skyrocketing overnight. LitePay is scheduled to be launched on 28th of this month (February 2018) which will allow using Litecoin as payment with any retailers offering Visa paymetn as it will give you a visa powered debit card with Litecoin balance.
https://steemit.com/litepay/@sumanpuja/litepay-is-coming-one-of-the-best-time-for-litecoin-lovers-don-t-miss-the-opportunity
Also, a hard folk is coming 2 days later on 18th February which are giving every Litecoin owner 10 fold Litecoin Cash. It means 100 Litecoin cash for owner of 10 Litecoin.
https://steemit.com/cryptocurrency/@sumanpuja/get-ready-for-some-free-cryptocurrency-plan-making-10-litecoin-cash-every-owned-1-litecoin
So trying your luck at Litecoin may be the best option this month. Get ready to grab the opportunity. Have fun and I wish you a gain of many fold from your money investment.

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Thank You! ⚜

Thanks

Great vlogs! Interesting every time :)

Thanks for the news

If you're going to buy you might want to buy a little now. The boat is leaving the shore. lol

good story

It will! I am very positive about it and also positive about Steem. I hope that it will hit the 7 or the 8 this week. It will benefit all of us :)

just ah perfect click!!

A good future plan. Good luck. But, say one thing to me that experience is lacking, litecoin or ripple for the foreseeable future? help me please 😀😀😀

Steem community is really good.
They know that in future there are going to be massive users on steemit.
Good to know they handled it in early stages :)

Begining of Uptrend.

Soon btc will cross it's previous all time high.

💯% upvote and follow

&#127977 captivating & awesome!


Inspired by every breathe,
We're going higher with every step,
Flowing through deepest of depths,
We're going to moon,
The aim has been set!


Just got a bit inspired by prices going up!
Thanks for sharing and keep doing that!

Hello I hope you find good, a Canadian friend greeting, you know I chose you, to participate in a platonic love contest. because I admire you for a long time, your simplicity and how warm you are, makes me admire you so much the tremendous person that you are, without more than telling you I hope that it is of your liking and your support. with affection antonela, Happy day of love and friendship

i hope it touches 10 k soon...and crypto keeps progressing

Great bro <3

I would love to know what is going through the mind of panic sellers right now. They sold it thinking that the price will fall back to 1000 dollar's. Man they were so wrong. Now bitcoin is about to break the barrier of 10k again.

It also feels good to know that steem is scaling up. This definitely increases the opportunity of growth on this platform.

It is good to know that steemit is trying to scale early instead of waiting till the number of increased users mess the things up and make the website almost unusable. Scaling then would disappoint a lot people so much so that they will the platform.

You really are talented. Your work is always good. Hopefully we will always bring the best for us.

Wow nice updates from the markets are coming and also from the steem team scaling is no longer a issue with steem but eth is a main problem so we could go way ahead of them

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There is free bitcoin. @titanik

thats right

Panic sellers will be panic buying now

Good news about your dad! Perhaps the team choosing to focus on scaling has something to do with the incoming competition from Eos? Everyone knows that one of the main Eos strengths will be it's scalability and STEEM needs to reach the point where it can handle enough transactions to attract future SMT projects to pick STEEM over EOS.

love it! good stuff! i believe bitoin will rise soon again!

Looks like cryptos have bottomed out !

we will see, BTC will me 50K this year ;-) so the uptrend must start now..

Great plan.

if this trend continues the new all time high will be achieved soon which is great and alts are also picking up now great update

thank for the up date , always informative

I just voted for @blockbrothers as witness dear @exyle
Thank you for occasionally sharing good news about crypto currencies and especially steem!

I'm good at buying and selling at the wrong time lol. But good at guessing the outcomes sometimes :p

How many billions of FIAT were printed since BTC hit 20K fo the first time? How did fundamentals of BTC change over this period? Answers to these two questions will tell you if BTC can cross 10K again.

this is why we should always buy at the dip so that we could get and hold on to it btc is always there to rise :)

well thanks for sharing this amazing news and stuff with us really like the video

  ·  7 years ago (edited)

BTC is starting to go up again and when it does it makes a difference. I think it's time to realise that BTC is gonna lead the crypto's once again. I mean such a hike in value in small amount of time. Thank you sir. @exyle

Anyone have a video instruction Steemify !?
IMG_0230.PNG

It's pretty straightforward what you need to do. You can add new users with the + sign. New notifications will show up even when the phone is locked. Can also view all the new notifications inside the app. With a bit better UI than on lock screen that may cut off messages. On the screenshot you have added 1 account to track stuff from. You could also click and tweak what exact notifications it is you want to get notified about.

OK :)) Thanks!

Bitcoin going up fo' sho!

Great post, I just hope sbd and steem gain ground very well

they are thinking about future and this certainly makes anyone who understand this blockchain good time for all to be in steemit

I am also a bit excited about what's happening with bitcoin. I guess it's starting to stabilize again at this stage.

an awesome piece of information you shared anyways i am still confused about investing in bitcoin as i am pretty new in this
please help me with it
@exyle

Happy to know that all is good with your dad those great news

We are in the right way just keep everything give it some time and new all time high will come

wow very good news all bitcoin lover.bitcoin is the best cryptocurrency in the crypto world...
i love and like bitcoin..many many thanks for share update news about bitcoin...

Happy to hear your dad's ok! xxx

i am more happy about the steem scaling thing today than bitcoin prices because prices are a matter of time when it will be up or down but thinking on how to deal with such efficient way is what matters

10k looks to be a bit resistant, although BTC did rally 10% over the past 24 hrs to get where it is, so we may need to wait a bit to break through the 10k level. Overall the week has been solid, with a nice steady move higher, so I see no reason BTC won't be above 10k heading into the weekend.

I think the market will have huge volatility when BTC will be on 10K that will be great for short time trading opportunities

steem blockchain is going to become the top forever if they work on this level and such hard work as input the results will come :)

I think this is the start of the upward trend. I am glad I took advantage of the downward trend. Thanks for your thoughts on this.

Steem depends on the prices of bitcoin but steemit doesn't. And i believe steemit has good future. Definitely if prices are going up, we are gonna earn more but seeing the long span we still need to invest more on steemit. So earn and invest in Steem thats my strategy.

😊😊😊

Steem is looking solid in terms of price and news like these which will back up more for longer period of time and will put the faith back :)

Yo te apoyo, pues todo lo que va en bien de la comunidad Steemit hay que apoyarlo

Very good
please help follow and vote me master.

I basically think it won't exceed 11k why because I think the elasticity of the time it rose has lot that power.
However it is still weak and can still fall back to 8k however I'm not a bitcoin advisor just my opinion

scalability is a issue which even major block chains are not thinking we should be happy they are looking into this aspect and that too this early very positive news you have given

the community is going to love this and will thank the developers to think about this time to reach new heights

It is great...i thought it was good to invest in litecoin guess i have to wait to make money to buy BTC....Market cap for BTC is huge...