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RE: July will be a slow month for Crypto -- How Bip 148 will hold the price of BTC in a lule until Aug 1st --My Excel Research

in #money • 8 years ago

Solid analysis and post. Had not heard or seen an analysis ftom this perspective before.

I am interested to hear your thoughts on the hard fork, and what will happen immediately following.

Personally, I think that while BTC is still clearly the dominant force in the cryptomarket, a messy fork (& divided community) in August could put all cryptos in a more prolonged holding pattern if not a decline to some degree. I also think that BTC needs to start acknowledging problems more proactively, or another player could step up. People seem to think that because BTC was the first, that they are the surest bet to succeed, but history would disagree. No entity is too big to fail, and without innovation, BTC could slowly become just another Blockbuster, Myspace, or Sun Microsystems.

Thoughts?

8 years ago in #money by
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     8 years ago  

    I see BTC more as the Model T than the myspace.. they filled their purpose for the time they were needed and intended. now the model T is more like a collectible because of what it did for its time.

    The model T taught us how we can build care better and cheaper on an assembly line.

    Thanks @bka150030

    Best,
    Isaac