Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: PRDAEcontact on January 18, 2018, 08:45:36 PM



Title: Will the price of bitcoin recoverin have negative impact to the entire industry?
Post by: PRDAEcontact on January 18, 2018, 08:45:36 PM
Although the price of bitcoin is recovering after the cryptocurrency market crashed, will it have negative impact to the entire industry?


Title: Re: Will the price of bitcoin recoverin have negative impact to the entire industry?
Post by: aplistir on January 18, 2018, 11:37:23 PM
Although the price of bitcoin is recovering after the cryptocurrency market crashed, will it have negative impact to the entire industry?

Nah.
When did the cryptocurrency market crash? I have not heard about that. Please tell me more  ;D

Even at its lowest it was still higher than what BTC was in November !!!! And 10 times higher than at the beginning of 2017.

I would not call that a CRASH. Maybe recovering a bit from a short and insanely fast  increase in its value.


Title: Re: Will the price of bitcoin recoverin have negative impact to the entire industry?
Post by: cr1776 on January 18, 2018, 11:56:23 PM
Although the price of bitcoin is recovering after the cryptocurrency market crashed, will it have negative impact to the entire industry?

This seems to have nothing to do with "Development & Technical Discussion".

But a "crash"?

It is still about 30,000-100,000 times higher than it was in 2010, and 10,000 times higher than early 2011.  And ~10 times higher than 52 weeks ago, so it hardly seems like a crash.

Give it some time - when ETFs are available, when lightning is active etc. - who knows where it will go, but micro-payments, ETFs and all the other uses that the Bitcoin blockchain can support with SegWit and script versioning are huge benefits.

If the fiat price of bitcoin in 2018 “crashes” like it did in 2017, anyone who is long bitcoin will be happy.