I'm probably the worst for even bringing up this terrible coin, but it needs to be addressed. I just want to start by saying I love what Bitcoin has done for crypto, but it itself is outdated until the lightning network is a go. It's like being too caught up on Windows 95 to upgrade to Windows XP. It just needs to happen. That is a whole other story though.
I'll admit part of me making this post is simply so I can go back and screenshot this where I say Bitcoin will be well over 30,000$ before December if not 40,000$ or 50,000$. Then I get to come back and make a gif or meme out of it and then feel terrible because I don't have enough money right now to make much out of it anyway haha.
Well low and behold after watching a lovely video that detailed the history of Bitcoin. WAIT you think, you can't go off previous data, it's too volatile!!! Well why not go off the same 1-2 year trend where Bitcoin breaks a ceiling, then crashes, everyone gets upset, the media dumps it, and then casually crawls back up and then does the exact same thing. Well if that happens again this December we will all feel pretty silly won't we? Not the ones who took advantage....
You know it's funny, one of the biggest arguments is there is no intrinsic value, well those people fail to realize that without the gold standard all money is fake and it's basically whatever the masses adopt and "believe" or endorse for lack of a better word. I think it's all very interesting and a lot of this is opinion, speculation, and the ramblings of a mad man, but nonetheless Bitcoin will still vamp up whether or not you agree with anything here.
So what?
Well I'm not necessarily saying you should invest, but it could mean a lot, it could mean all other coins going up a lot and then crashing again as they always seem to do from the heavy influence of Bitcoin and it's backing of fiat currency. I do believe Ethereum's push and more noticeable independence of its trend to Bitcoin's.
Well that's all folks I just wanted to come ramble a little bit here before I make an epic post about Profit Trailer ๐
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Would that make the information wrong? Or is that just a way to convince yourself that it's wrong?
Coins mentioned in post:
Hey @scottcbusiness , great post! I enjoyed your content. Keep up the good work! It's always nice to see good content here on Steemit! :)
Hey cheers, glad you enjoyed it! I am trying to bring a better level of honesty to my writing :)
Cool Post. Since you got the bitcoin tag do you have a prediction for Bitcoin over the next few days? Also followed you for future posts :)
Followed you too! I want to start curating a comprehensive list of crypto related Steemit users, got any resources that could help? Also I think it's going to keep going up steadily in the short term. I'm about to write a post about Profit Trailer which is a bot that I use to day trade. Definitely check that out
Bitcoin is still good, like my Mac, because it has great features like FCP7 which is better than FCPX, but it has only 4GB of ram and render and exports take forever. I will eventually need a new Mac with a new OS and I'll ahve to do a MEGA upgrade, Word, Final Cut Studio, the whole shebang, even Photoshop.
Bitcoin needs that whole shebang update.
Exactly that is where Bitcoin lightning comes into play and or just Ethereum replacing it
hehe yeah :)
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