Last week, I did an interview with Josh Sigurdson of World Alternative Media to talk about the latest news in the cryptocurrency arena and particularly about the future of bitcoin and steem.
There has been plenty of talk about bitcoin being in “a bubble” especially by the likes of Peter Schiff, so I made sure to point out that the real bubbles are mainly caused by central banks who expand and contract the money supply.
Josh made a good point about the volatility and large price swings which take place in the crypto markets and how they scare a lot of people because this is the first time many of them are experiencing what it’s like to trade in a truly free market.
I added to that point that this is part of the reason many people lose money while investing by often panic selling when the price of a particular currency is dropping rather than buying low and selling high or adding to an established position. I compared this to how, logically, when there is a big department store sale, shoppers go in droves to buy up the cheap goods, yet when it comes to investing, people for some reason act in the opposite manner.
And, we got into the fork issue which is still scheduled to occur on August 1st… you’ll want to make sure to watch this video to make sure you understand what is happening.
You can check it out HERE:
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I think these crypto currencies are going to move in one direction or another. What they won't do long term is just stay stagnant. Either it going to take off and early adopters will be rewarded nicely, or we will watch whatever money we in these coins go poof and evaporate into the ether..
That is just silly. The money will not evaporate into nothing, and most certainly this is not a bubble and it's not going away. Look at the historical news since 2009 until now. Everybody says the same stupidity every year. "This is a bubble." Then what happens? Markets keep growing exponentially. They double or triple each year and it just doesn't stop. Sure there are up and downs, and to people who don't understand Crypto, they instantly call it a bubble or a ponzi scheme or what ever "Labels" from the old world they can think of. Eventually in the next 5-10 years cryptos will stabilize and we'll have at least a 1 trillion market cap. That is for sure, because blockchain technology is not going away, this technological leap is just beginning. Also, do you see any kind of political stability all around the world at the moment? The more governments and financial institutions continue to fail the people, the more people will jump to Bitcoin or other Cryptos just as a safe heaven. Look at whats happening in Venezuela, the government is failing and collapsing. What does people do? They buy bitcoin and use it to buy food and goods from abroad, because bitcoin has far more value than their crappy government issued money.
Headliners from experts on the panel included Balaji Srinivasan, CEO and cofounder of 21.co, a cryptocurrency startup that has raised more in traditional VC funding than almost other one. Another was Peter Smith, CEO and cofounder of Blockchain, a U.K.-based cryptocurrency wallet company that recently raised $40 million from GV, the venture capital arm of Alphabet, parent company of Google goog. And Kathleen Breitman, CEO and cofounder of Tezos, a blockchain startup that this year raised more than $200 million in an initial coin offering, or ICO, and which counts celeb investor Tim Draper among its backers and many more others assures us the future of digital currency is bright
Get in guys and buy some btc before aug 1st , free bitcoin cash :)
I did watch this video.
Very informative about the crypto world.
keep on steemit !
informative post, actually crypto is new for us thats most us feel fear about the future of it
Great work @dollarvigilante; together the community can add to the information as this story develops to gain the greatest benefit.
I have already created a helpful guide to make sure every Bitcoin holder gets the coins that are coming to them right here on Steemit:
The Doubling: A Helpful Guide for BTC Holders to Get ALL the Coins Coming to Them Next Week
My page regularly posts about Steemit, Bitcoin and other crypto related material, check out my well written and easy to read content; follow and VOTE UP for the FASTEST active news you can run with! :D
Thank you,
Jeffrey Anderson
Editor in Chief
The Anderson Report
@cryptoNEWScoins on Twitter
Bring on the FORK!
The future is bright but there will be a lot of ups and downs along the way. It's easy to say 'buy more' or 'home' but it's really difficult to do, emotionally, especially if you bought in on a high and you are looking at 50% losses!! It hurts.
I'm sure we will get through this and go onto higher prices but I expect a lot of people to be shaken out before then!
I have no doubt on Bitcoin. Great interview. Thanks for posting.
Agreed. Bitcoin is fundamental to crypto ideology.
Good. Thank you
Great interview
Great show with Jeff @dollarvigilante, very appreciated. I like the way you re-emphasised the Steem platform being the future preferred social platform in place of FB, Twitter and all.
There must be bubbles
bubble = people not thinking far. When something negative happens over and over, there is obviously something humans do not get... right? see my post just below
Yes im not thinking. but im charting. that chart shown bubbles for month. of course fundamental can give a great influence to a chart. as a trader, i must say to be precocious. there is always opportunity and there is always have greedy.
Not only do i think that we shouldn't worry about the future but i believe we need to be spreading the word around even more! The more that people know about bitcoin and other cryptocurrencies the better it is for everyone! Peace and love to everyone!
Agreed. Spread the word. Crypto & Steemit will continue to grow. We are part of the future. We share and educate each other with the internet. We are part of global revolutions.
Future of coin is Steem!!!!!!!!!1
When it comes to money, people are panic and worried of losing them. When the price drops, everyone only thinks about having the same amount of money back and never want to lose any so they sell them. That instant when the price drops, this is the only way they can think of, and a reason they can't gain back more money in the future. We need to look at the market wider, and it is good to take risk sometimes.
Great interview $vigilante! Always love hearing your input on the market!
some old folks are only focused on gold.
maybe an episode reviewing some cryptos backed by gold like Xaurum, Digix, ZenGold etc can be useful to get some of these older goldbugs on board.
Then once they start using the technology they'll quickly realize the benefits and merits of crypto itself , how easily it can be transferred all over world with no intermediaries and its many uses.
Thanks Jeff! Always great talking with you! :)
Great interview, thanks for posting it. Let's be honest, the cryptocurrency world is established on a base that can fluctuate in just minutes, if you know how this work, you should just invest and be "lucky" that the prine of (for example) bitcoin doesn't go down, even tho bitcoin has a strong value.
Great interview, nice points, and yes, this is a baby market and of course we will see Lot and lot of thinks happennign on this amazing thing called Cryto Currency.
If
I'm going to check out that video. @trevonjb posted about that fork today as well. I think the forward thinkers are looking at it more as an opportunity than a problem. I'm probably going to buy more Bitcoin now to capitalize on the fork based on the other guy's video. I look forward to hearing what this guy has to say, because @dollarvigilante always has great crypto content and predictions.
Hi Jeff, GREAT info on what to expect going forward with this. Just recently have I gotten involved with crypto currency. Still trying to figure this all out, but like riding a bike...you may tumble a few times before you get the hang of it.
Started on steemit in june and trying to get around the site and figure out what is what. Glad to see you here though.
I follow your on YouTube and now I'll follow you here also. Upvoted and yes I have followed you too. :C)
Waiting for the good news
Just literally watched this on youtube. Another Great interview. The future is bright .
Stay strong Jeff, good stuff!
Once crypto gets mainstream, the shuttle will take off
Awesome interview @dollarvigilante! My mannn Josh is an up and comer in the freedom movement! 🙌🏼🙌🏼
Hello friend @dollarvigilante , great post thanks for sharing , congratulations, keep it up
it is the fear factor that sets in with investors Jeff. Its cutting their losses as things gets volatile. it is also getting their profit while they can and when they sense that the price rises, then its time to re-invest.
Great interview, looks like a great time in Las Vegas!
Fear the fork? .. I still don't fully understand the Fork!
It is a reference to Arizona State University "SPARKY"
Thanks Jeff! I'm holding for the long term
Good one Jeff.
That is the exact definition. The bitcoin will be in the bubble until August 2-3
Great post & video!
Steem on!
I always appreciate interviews that Jeff does. He is so knowledgeable and takes time to motivate and educate us. Thanks!!!!!!!!!!
You made my day, thanks Jeff! I watched the the past spikes of Bitcoin and the current oscillation around the all time high is another thing. It lasts now still two months and i think is backed by greater movement like Japan, South Korea or even Africa mixed with all the doubts and fears regarding Segwit debate.
Thanks @dollarvigilante! You do such a great job at calming us down!
First of all, let me say that I agree with just about everything you guys discuss in this video. I am quickly becoming a huge fan of the crypto space, and more so about blockchain technology overall. Thanks so much for your efforts on that end.
Having said that, I've never been a fan of that "department store sale" analogy. People may go nuts for a big sale at a store, but mostly they just want the stuff for its intrinsic value and/or they will use it up and throw it away. It's quite different when you are trying to rationally invest your money and you fully intend/hope to eventually sell that investment for an amount that is greater than what you paid for it. Salt that opinion to taste.
if we fork, we should just sell BCC and buy more BTC so we don't provide any incentives to companies that want to profit from the bitcoin short but valuable history
Just HODL, Keep your private key safe, you will be fine. by the way for traders use bittrex.com if you worry about losing your BCC after 1st of August in case of a BTC chain split. they will make sure your get your bcc even if your btc is on the exchange.
I have LTC Litecoin and BTC on Bittrex right now and hope for the best. Hope you are right.
Lately I feel frustrated in steemit to see that the posts have no votes, post made with hard work and dedication and apparently have no importance, does anyone have any suggestions for artistic content creators like me?
Keep posting and good luck.
I couldn't understand the fork. 😂 but this is great post. Thank you for sharing. Upvoted.
Next few days should be interesting to watch.
Thanks for sharing this great wealth of information!
Wow
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Definitely interesting. Good Work. Followed and Voted