BITCOIN TRAPS?
Dear greetings Friends of Steemit. Once again I have to analyze about the uncertainty that surrounds the context of BitCoin, because with the zigzag of the prices, everything seems to indicate that no one knows for sure what will happen from one day to the next with this trio or quatrain? of cryptocurrencies?
However, I keep my forecasts reserved for the daily "waves" with average and sustained decline that BitCoin (BTC) has and will has for this month of November. As I have been "predicting" in previous publications:
1.- 10/14/2017: https://steemit.com/bitcoin/@josevasquez/viene-una-caida-del-bitcoin (with imprecise details to "predict" the fall of Bitcoin by mid-November, but "correct" predictions in a generic way).
2.- 10/18/2017: https://steemit.com/bitcoin/@josevasquez/comportamiento-historico-del-bitcoin-bitcoin-historical-behavior (with more precise details to "predict" the fall of Bitcoin by mid-November, very "right" because this is happening at this time).
3.- 10/25/2017: https://steemit.com/miercolesanalitico/@josevasquez/analisis-preliminar-del-bitcoingold-btg (with more data to "predict" the fall of Bitcoin for mid November, and the consequent rise of BitCoinGold and BitCoinCash, "successful" as it happens now).
4.- 11/01/2017: https://steemit.com/miercolesanalitico/@josevasquez/bitcoin2x-b2x-segwit2x (Predictive alert of Bitcoin problems for the birth of SegWit2X or B2X, which would be "the lead in the wing" that would launch the Bitcoin to the present sustained decline, and the rise of BitCoinGold and BitCoinCash; "very successful" and this is happening).
5.- 11/08/2017: https://steemit.com/miercolesanalitico/@josevasquez/urgent-warning-a-stock-market-crash-is-on-the-way-advertencia-urgente-una-caida-bursatil-viene-en-camino (It is "predicted" a stock market crash at the end of the year that will drag the Bitcoin, with predictions in full development).
In such circumstances, my first approach is that we must learn to live with this undulatory BitCoin scenario, with its 3, 4 or 5? cryptocurrencies: BitCoin (BTC), BitCoinCash (BCC), BitCoinGold (BTG) and Segwit2x (SW2X ¿and/or B2X?)).
Therefore, one question we must ask ourselves, both the miners and the investors, is: Which of the three, four, or five? Bitcoin alternatives will be the one that will definitely dominate the market of cryptocurrencies?
For now, that is almost impossible to know and in fact any answer will be subjective, although I have good data that can be very guiding; but, everything seems to indicate and in that sense I can assure you, that the market will continue to be dominated by "speculation" and by the multiple expectations.
In addition, I maintain my prejudice in terms that the previous divisions to launch BitCoinCash and BitCoinGold, were technical and marketing tests, to then launch the best prospect of Bitcoin: SegWit2x (or the B2X?), With more than 7 months in the process of gestation and now canceled by problems and rejections to the birth of the new creature until the present date.
In the numerical and monetary aspects, many unsuspecting people still hurts and do not recover from the terrible fall of BitCoin (BTC) happened a few days ago, from its maximum reached of 7,900 US$ to a painful floor of almost 5,400 US$, with current rebound effect hovering around 7000 US$ again.
BCC Against BTC?
Analyzing the situation cold, I find that BitCoinCash (BCC) has played a negative role against BitCoin (BTC), as the great increase in its price, from 300 US$ in mid-October, to 1500 US$ reached on November 11, has been associated with the irregular rise and then great fall of BitCoin. In fact, by raising the BTC in its good rebound to 7000 US$, has come along with the fall of BCC to 1100 US$.
Continuing the analysis of the BCC and BTC ratio, it has that in mid-October the BCC was valued at 0.05 BTC to reach a maximum of 0.26 BTC a few days ago, but with the current rise of the BTC and the associated When the BCC fell, this ratio changed with an average price of 0.16 BTC for each BCC acquired.
Will BCC Dominate the Market?
It does not seem to be so obvious, although with the announcement about the unborn Segwit2X, it was not possible to increase the size of the block for the BTC nor reduce the transaction costs nor increase the speed of these transactions. On the contrary, the BCC did incorporate these changes from birth; in this sense, the support to BCC increases because they consider that BTC is slower and more expensive in its transactions and also limited in blocks.
However, BTC will recover from its fall, although it will continue to grow but, at a slower pace than in previous months; in addition, not to duplicate its blocks, or increase the speed and security of transactions, with cost reduction, could result in the total financial collapse of the BTC, with profit for BCC which will probably match its value with BTC, before finishing this year or the beginning of the next.
Final Recommendation
Caution in your investments, follow closely the financial news and take advantage of buying while falling and try to raise BTC or BCC, and sell after uploading and at the slightest attempt to download; and accumulate BCC because it will be revalued more quickly than any other cryptocurrency.
Images Sources: https://giphy.com