BitcoinLong
Bitcoin bubble burst? (Let's Talk about this)
As we know bitcoin price is crash 20% in these day.
People are panic as shit, they sell all bitcoin they have etc.
What i going to say i'ts Calm Down.
Is the first time in history we use currency that no one ever can control it.
The main problem why bitcoin is going so low this day is because there is a ton unconfirmed transaction in bitcoin.
The scaling problem is the main problem right now.
According to this website : blockchain.info/unconfirmed-transactions
bitcoin only provide 1.93 transaction per second, Is not good really. if we compare this to visa or mastercard they can provide 50000 up to 100000 transaction per second.
There is a ton of idea out there how we can make bitcoin transaction more faster then ever. (segwit)
there is almost 90% agree that bitcoin should have a segwit rather then any idea out there.
website : coin.dance/blocks
The deadline date is on august 1st this year.
Some people said if this problem doesn't came out with a solution bitcoin will get a hard fork, and i said yea it will
Imagine what happened in ETH and ETC. that is almost the same technical if we get a hard fork in bitcoin.
Otherwise this is a good good opportunity if bitcoin split, here is the idea
let's say if you have 1 bitcoin right now and the bitcoin split, your coin will be divide in 2 coin and i believe when bitcoin split, Bitcoin price will down. like ETH and ETC market right now. the second coin jump from 1 dollar to 24 dollar per coin, if the 2nd bitcoin will be open price at 10$ i'm pretty sure it will touch 1000$ before it turn's to bubble.
When this split scenario happened there is no way that i don't throw money on it.
But i hope this scenario doesn't happened, i really surprised these guy like Goldman Sachs, Roths Child are predict that bit coin price will be 5,000$ before 2018, Finally people are taking bitcoin seriously, these mean more and more investor will come.
gold man sachs statment : coindesk.com/goldman-sachs-eyes-bitcoin-price-near-4000-latest-analysis/
Let's talk about technical analysis side
Try to scale up your chart per month and it's still bullish,
per week it's bearish per day it's a bearish
we have a strong resistance level at 2650$ we try to broke that many time but we fail and feel in to 2500$ level.
End of statement : Stay on The game
People are panic as shit, they sell all bitcoin they have etc.
What i going to say i'ts Calm Down.
Is the first time in history we use currency that no one ever can control it.
The main problem why bitcoin is going so low this day is because there is a ton unconfirmed transaction in bitcoin.
The scaling problem is the main problem right now.
According to this website : blockchain.info/unconfirmed-transactions
bitcoin only provide 1.93 transaction per second, Is not good really. if we compare this to visa or mastercard they can provide 50000 up to 100000 transaction per second.
There is a ton of idea out there how we can make bitcoin transaction more faster then ever. (segwit)
there is almost 90% agree that bitcoin should have a segwit rather then any idea out there.
website : coin.dance/blocks
The deadline date is on august 1st this year.
Some people said if this problem doesn't came out with a solution bitcoin will get a hard fork, and i said yea it will
Imagine what happened in ETH and ETC. that is almost the same technical if we get a hard fork in bitcoin.
Otherwise this is a good good opportunity if bitcoin split, here is the idea
let's say if you have 1 bitcoin right now and the bitcoin split, your coin will be divide in 2 coin and i believe when bitcoin split, Bitcoin price will down. like ETH and ETC market right now. the second coin jump from 1 dollar to 24 dollar per coin, if the 2nd bitcoin will be open price at 10$ i'm pretty sure it will touch 1000$ before it turn's to bubble.
When this split scenario happened there is no way that i don't throw money on it.
But i hope this scenario doesn't happened, i really surprised these guy like Goldman Sachs, Roths Child are predict that bit coin price will be 5,000$ before 2018, Finally people are taking bitcoin seriously, these mean more and more investor will come.
gold man sachs statment : coindesk.com/goldman-sachs-eyes-bitcoin-price-near-4000-latest-analysis/
Let's talk about technical analysis side
Try to scale up your chart per month and it's still bullish,
per week it's bearish per day it's a bearish
we have a strong resistance level at 2650$ we try to broke that many time but we fail and feel in to 2500$ level.
End of statement : Stay on The game
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