Bitcoin is a cryptocurrency that is built off of the blockchain.
The blockchain is a public ledger that allows transactions between wallets to be available for all to see and these transactions are carried out by miners who get rewarded for their work in Bitcoin.
Bitcoin Is the pioneer for all cryptocurrencies and blockchain technology.
Bitcoin is a revolution that is changing the world. There will be controversy along the path to mainstream adoption but it will happen,
and whether it is Bitcoin or some other alt that is the bringer of complete liberty to spend your money wherever you want; Bitcoin will have a direct or indirect causal link to this adoption.
Based on this fact even if Bitcoin died and some coin took over the number one spot on coinmarketcap.com bitcoin would have a nostalgic pull on users to keep it in the top 10.
Cryptocurrency is not just an opportunity for “sick gainz”, but also an opportunity for complete freedom from over powered governments and institutions.
Philosophically, technically, and economically Bitcoin will be an upgrade to our society.
If everyone thinks it's going lower then chances are it will go in the opposite direction, in crypto or stocks always expect the unexpected - if you follow the crowd you will lose money. My play is to just HODL my bags and sit on the sidelines and wait for a confirmation before unleashing my Tether and/or hedge with a leveraged short on Bitmex
Let us be more optimistic about things now fro the cryptos market. Due to the fact that Cryptocurrency is having a BEAR trend with volatility excessively too high even when trying to scalp the market and do dollar cost averaging, I try schemes, check out supercoinage org. After all, everything is a bubble and would someday burst. I just wanna have enough to invest for the BULLS run.
Are you familiar with Wyckoff and the low volume failed sell off /Spring? Another big capitulation spike would actually take us in to an extended and lower accumulation zone. We want to see low volume when testing the 6k support zone on the 3rd try.
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