Bitcoin is a goose has fattened for slaughter
There are a lot of things have happened Between 2013 and 2017. Now big players from the big world are playing on the blockchain land, and they are not the local aborigines at all.
At this moment, the blockchain capitalization is a bit over than 150 billion dollars. That is the cost of one not a biggest company from the real world economy.
And if George Soros was able to bring down the whole British economy – what might stop the players like he to kill the biggest beast on the blockchain’s fields? There are no internal reason for so rapid growth of bitcoin now. It seems that external money throws into bitcoin’s throat and so bitcoin looks like a goose which has fattened for slaughter.
That is an irony of fate, but external players shake Blockchain (with all its slogans about decentralization) by seizing him at the most centralized place. Bitcoin is a backbone and iron balls of blockchain.
If you have a hope to sale bitcoin on its top and then buy back after it fell down, you can loose on both points. At first there might be a game of pumping – dumping and then after the first bottom you will fell down at others ones.
It is a good time for buying tokens of different projects isn't it?. It will be a diversification of risks and would work for decentralization of blockchain’s assets.
What do you think about so strong blockchain dependence on bitcoin and about the fact that bitcoin’s growth so depend on external finance now?
Hi. Is your post a copy/paste from some article? Looks like it. Who's opinion is this?
IMO Bitcoin recent rise is not too healthy, a bit too quick for my personal taste, I do prefer slow and solid rise but can't complain either.
One thing though, I do not think Bitcoin's demand is too big, if the price was $100,000 it would represent approximately 10% of all currency exchange taking part in the USA right now. All this to say, circa $7k is not big of a number when all things considered, but I do worry about next fork and how it could affect the price. I have no idea why Bitcoin price rose so much last 6 months though. There is the hype of course but it cannot be only that.