It's good to see that we are holding strong on $8200ish on BTC. For me this is a really good. Imagine, last year BTC was trading at $4000 and we are so happy about this. We should be thankful that we are holding strong on $8000, that things are looking good from Last Year's price. Maybe if we wait another year or so we can see some good price gains.
It saddened me that all ALTs are moving based on BTC's price movements. As long as one alt doesn't have a real fiat gateway, it will be difficult for it to resists price drops of BTC. This is one of Bitshares major problem. Even Spark(Bitspark) said that they needed to convert bitUSD and bitshares to BTC on their platform. That isn't the right solution to Bitshares problem. We will still rely on BTC even if Spark manages to launch their Zephyr platform. What we really need is a platform that will accept FIAT that will not convert it to BTC before converting it to Bitshares. We need to have a bank that backs FIAT that directly trades on Bitshares like USDT. Openledger will soon provide a FIAT gateway for Bitshares, hopefully this isn't like any other platform that will convert FIAT first into BTC before it can buy Bitshares. Anyway let's move on.
If BTC manages to hold this price, we will see some good price movements from now on. Maybe $10,000 next month, or almost $10,000. We've already seen BTC goes below $6,000 but not below $5,000. It's been tested and proven already many times. The only thing left for BTC is to move forward before correcting at some point. We will see some good price increase on next week.
BTW, I'm already feeling kind of good. I can't rest forever as I need to work in order to pay the rent(I don't want to rest on the streets. Haha!). Hope that my body will not gonna have any problems later.
Read my blog about OBITS by clicking the link below
https://steemit.com/bitshares/@docmastery/obits-will-soon-be-the-new-ocash
Please take time to read. Thank you!
https://steemit.com/bitshares/@docmastery/helping-bitshares-network
Help me help Bitshares Network to have a better node connection here in the Philippines. As of now I'm nowhere near my goal.