April is coming to an end and many people believe May will be a good month for the crypto space and the start of the next bull run. Some believe this is a big bull trap being coordinated by whales where btc will pump up to around $11k to $13k and then crash down to $3k to $5k range. What do you think will happen?

[You bought PRL at 80 cents, then the price goes to 60 cents and you think you have a right to complain? You consider green candles as entitlement, and red candles as injustice?]

https://www.reddit.com/r/Oyster/comments/8exrt4/my_complaint_against_the_community/

The one year anniversary of me designing the Oyster Protocol is coming up. In that time I have had in-depth constructive conversations about the utility and operation of the protocol with around three, three people. Stefan, Automyr and Rebel. The last two are devs who work for me.

Do you know how unbelievably disastrous this is? Do you know why the token sale raised only $75k? Because I didn’t hype Oyster into a part of this mindless crypto-bubble. I focused on the substance/utility and 99% of people glossed over it.

Yes, the b-word you’ve all been dreading: bubble. Do you know when financial bubbles form? When everyone is impatiently greedy at the same time and follows the next person. When no one focuses on utility and only on their own short-term greed and how their cousin made money, bubbles form and always pop.

Are you kids too young to remember the dot-com bubble? Would you like me to rename Oyster to pets.com? Pets.com had millions of dollars in revenue, was a household name in the US, and 2 years after their IPO they declared bankruptcy. Why did this happen? Because greedy investors of the IPO were only thinking about making short term gains and didn’t focus on the real utility of the business model.

So why are you here, a ‘part’ of the ‘Oyster Community’? Is it because you remortgaged your house, bought ETH, diversified into alts, and consider yourself a genius? You bought PRL at 80 cents, then the price goes to 60 cents and you think you have a right to complain? You consider green candles as entitlement, and red candles as injustice?

I and the team make no allusions, implicit or otherwise, to the promise of profit or a price increase. What you are promised is the utility that I have defined in the white papers. That is it. If I and the team fail in delivering the promised utility, you have every right of complain. If we deliver the utility to you, you have no right to complain even if PRL gets crushed to 5 cents.

If you understand how the storage-peg works then good for you, you realize that current price shocks are ephemeral and that the price of PRL will eventually become bubble-resistant and associated with the fair-market value of storage.

He brings up some good points. For some people who are invested in a specific coin, are you invested for the short to mid-term gains regardless of what kind of tech the coin brings or are you invested long-term because you believe in the utility of the coin.

With the recent dns hack of myetherwallet, now would be the time to buy a hardware wallet for people who still don't own one. Two of the popular brands are the ledger nano and trezor. Both average over $100. Even if you own $500 or $1000 worth of coins, during the next bull run, that $1k could turn into $10k and more; and you want to protect your coins.

Your hardware wallet provides you an address for eth, ltc, btc, neo and more. And you can put erc-20 tokens on there too. Here's the list of supported coins on ledger nano: https://www.ledgerwallet.com/cryptocurrencies

Your privates keys are never exposed. You don't even know your own private keys. And every time you send out a transaction, you have to confirm it with a actual button press on the device itself. When you set up your ledger, you will write down recovery phrases. This is how you recover your coins if your device breaks. Your coins are not on the actual device and the device acts more like a key to access your cryptocurrencies.

Q: Do I receive airdrops at my ledgers address?
A: Yes! Think of the ledger address as a MEW address. Only difference is you didn't create it on MEW and you don't know your private key.

Q: Can my coins still be compromised?
A: Yes, if your recovery phrases are ever exposed. Your phrases act like your private keys. I recommend writing them down on paper and storing them in a home safe, underneath your underwear in a drawer or a bank safety deposit box. Don't store them in your email or a notepad on your computer.



 

If someone agreed to pay you 10 btc which is currently valued at around $90k USD to legally change your name to bitcoin, would you? And you're not allowed to change your name back for at least 5 years.

I would probably do it and name my firstborn after bitcoin for 10 btc.

[Easter]

The total market cap right now is $268 billion and dropping. What event do you think will catalyst the next bull run? Upcoming events that could start the next bull run.

Easter (April 1) - holiday celebrating the resurrection of Jesus from the dead

Tax day (April 17) - U.S tax returns are due to the federal government

Consensus 2018 (May 14 to May 16) - a blockchain technology summit

BTS comeback (April or May) - a seven-member South Korean boy band that was the #1 most tweeted about artist in 2017

Electronic Entertainment Expo 2018 (June 12 to June 14) - premier trade event for the video game industry

When I first bought my bitcoin in July 2017, I told some of my friends to buy some. Most of them flat out said no. A few of them said they would do research on it and then decide. Everyone ended up not buying any and one of my friends said he would rather spend the money on alcohol and strippers. I told him strippers are a bad investment because you will never get gains and only lose money every time you reinvest in them. My friend hopes I make lots of money from bitcoin and that if I ever get rich, I would owe him a stone crab dinner. He truly wants it to work out for me, but he believes bitcoin will not last and I will lose my investment.

Here's the thing, every time I talk to a friend or a co-worker that is not involved in the crypto world, they always wish me success and hope I make lots of money. But deep down, I can't help but feel that they want me to fail because they aren't involved. How angry and jealous would they be if I succeed? After I told them numerous times to invest in bitcoin or other altcoins. They would be stuck in their cubicles and I would be driving in my lambo. And how happy would they be if I fail and lose my money? They would said, "I told you so. That's why I didn't invest my money into bitcoin."

One of the seven deadly sins is envy. If I fail, I will be stuck in the cubicle and work until I'm 60. And if I succeed, they will be envious, envious that my cubicle next to them is empty, envious that I'm retired and driving around the gold coast in my lambo.

 

https://www.cbsnews.com/news/government-shutdown-2018-01-19-senate-vote-deal-latest-news-live-updates/

I noticed the bitcoin price going up. Coincidence?