Bitcoin Sale now on!

21 July 2017 will mark the beginning of the implementation of new block size on the Bitcoin Blockchain. What does this mean to you, the consumer?

In recent months we have heard a lot of talk about the possibility of a split in the Bitcoin community. This has led to widespread scepticism about Bitcoin and in fact, crypto currencies as a whole. This has had a negative effect on the value of all crypto currencies. As I am writing this we have already seen up to 50% drop in the value of some currencies. Even Steem is now below USD1!

Is the bubble going to burst?

Many articles have been published speculating about the so called “Crypto Bubble” that must sooner or later burst. Every time the price of Bitcoin declines a little someone would search for a coinciding political event to ascribe it to. This is understandable as the gurus of the legacy financial systems struggle to come to term with new economy brought about by blockchain technology. What these people fail to believe or choose to ignore is that crypto currencies are here to stay. There may be several stages in the development of crypto currencies and the new economy will certainly have its up’s and downs. But just like the changes brought about by the industrial revolution, the changes brought about by our current technological revolution has started a brand new economy which will grow exponentially in the years to come.

Opportunity or Threat?

As we approach 21 July there is a lot of uncertainty about the future of Bitcoin. No one can tel for certain what the outcome will be, but of this you can be sure: Those that have a vested interest in Bitcoin are the ones with the most influence on it. None of them will allow Bitcoin to perish, it would make no sense at all for the Miners, the Developers or the Bitcoin community as a whole to drive Bitcoin into the ground. The recent decline in Bitcoin price is a blessing to us all, we now have the opportunity to invest in Bitcoin as its value is certain to rise significantly in the months to come. This is the opportunity we have been waiting for!

Double Whammy!

Apart from the fact that we can now buy Bitcoin at a discounted price, we have the added bonus of a possible duplication of our coins. In the very unlikely event of a hard fork in the Bitcoin network we will end up with coins on both blockchains! To me this sounds like manna from heaven.

To benefit from such a split in the blockchain, you however have to be certain that you are in possession of the private keys for the addresses where your coins are stored. I your wallet provider has control over your private keys, you will most likely not benefit from the duplication of the blockchain.

The time has come.

Now is the time to invest in Bitcoin. The price may or may not continue to decline in the next couple of days, but it is already low enough to warrant immediate investment. Be sure to store your coins in cold storage and back up your private keys to an offsite & off grid device.

Good luck with your investment, may good fortune smile upon you.