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Author Topic: Re: DON'T PANIC. HOLD YOUR BITCOIN.  (Read 463 times)
Mhz_evadah (OP)
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February 01, 2018, 09:56:20 PM
Last edit: February 01, 2018, 10:09:46 PM by Mhz_evadah
 #41

Bitcoin is showing good and favourable price index. we can expect good results from it in the nearest months coming up.

Why bitcoin over alt coins? Especially considering the transaction and scaling problems of bitcoin.

It's all down to the infrastructure and scaling it to the number of users

- ATMs
- Shops
- Trading
- ICOs
- Mining rigs
- Enhancements (Lightning network, etc.)
- etc. (loads of investors)

As for transactions the price of transactions is dropping rapidly.
As for scalability, Bitcoin is scalable, it only has problems with these stupid-money surges.

As for altcoins, they usually don't bring much to the table and act as an overflow for Bitcoin.
When a Bitcoin surge bogs down Bitcoin people jump onto altcoins....
Just think about Dogecoin in the last Bitcoin 'crash'. Dogecoin was going to be bigger than Bitcoin ... where is it ? nowhere!

Conclusion: Bitcoin will survive Smiley


I don't think BTC is scalable especially because of the limited size in the block. This has always been one outstanding challenge for this particular cryptocurrency. However, it's infrastructure and usage as a store of value will continue to provide insight into how other cryptocurrencies emerging as alternate stores of value will operate.

Barbarian
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February 02, 2018, 02:25:28 AM
 #42

Bitcoin is showing good and favourable price index. we can expect good results from it in the nearest months coming up.
Panic is going to happen, I just hope that those that invested in bitcoin for the first time are ready for the ride, bitcoin gave to them the ride for their lives in their way up but now they are seeing what happens when it goes down, holding is the right thing to do, but try to do that when you are panicking and think you can lose all your money.
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February 02, 2018, 02:47:26 AM
 #43

Bitcoin is showing good and favourable price index. we can expect good results from it in the nearest months coming up.

I just hope that you really keep on holding your Bitcoin and buy more because this ultimate corrections is the most brutal in which some of the altcoins will be crap or will become no value at all. Fortunately, our Bitcoin is not that weak that we could sustain this corrections specially if we hold on together so lets keep the faith  and don't lose hope.
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February 02, 2018, 12:58:26 PM
 #44

Bitcoin is showing good and favourable price index. we can expect good results from it in the nearest months coming up.
Panic is going to happen, I just hope that those that invested in bitcoin for the first time are ready for the ride, bitcoin gave to them the ride for their lives in their way up but now they are seeing what happens when it goes down, holding is the right thing to do, but try to do that when you are panicking and think you can lose all your money.

Well i think yeah, people will panic after seeing all red these few days, both btc and alts. It can't be helped. A lot just got in because of the hype and were already anxious when btc stayed at 11-13k usd for a while. Imagine their horror seeing the price below 9k. These people haven't even experienced yet the price at 5digits until now.

 
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