BharadwajRallabandi
Panjang

Is the correction really over? Think again

BITFINEX:BTCUSD   Bitcoin / Dolar
Let's take a look at BTC in Log scale. The last 6 months have been hyperbolic, parabolic to say the least. Let's get to some fundamentals shall we?

When speculation outweighs utility of anything, it's a bubble. Blockchain in its current form is not scalable to average user.
The average TPS for current bitcoin transactions is only 7, and segwit may double/triple it. For BTC to become new money, there needs to be a major technological advance.

Or, thinking about BTC as the new gold , Bitcoin ETFs need to be opened so that general public without much computer/crypto knowledge can own bitcoin .
I think crypto winter is here, for the short term. Let's see if lightning network can successfully scale bitcoin to the masses. If that happens sky is the limit!

Until then, speculation outweighs utility and we probably won't break 20k anytime soon( Unless Bitfinex decides to print another 2 billion Tether and pumps up the price again)
Komen: using log scale really gives you a different perspective in life, doesn't it?
Hmm
Komen: We have to see if the upper trendline in log scale holds itself. My hunch is it will
Dagangan ditutup secara manual: We've officially entered Bitcoin bear market.. looking to add along the way bottom
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Laman Utama Penyaring Saham Penyaring Forex Penyaring Kripto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Dalaman Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Tetapan Profil Akaun dan Pengebilan Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Daftar Keluar