Bitcoin is up $40 to 880 He said. by matrixdweller

View this thread on steempeak.com
· @matrixdweller · (edited)
$0.10
Bitcoin is up $40 to 880 He said.
With a big yawn, I know crypto is the future but I often wonder how far in the future that future is. Someone asked me the other day... "What does Bitcoin have to do to reach the average internet user". I did not have a good answer. We all wish there was some one click windows program to get you securely trading Bitcoin in 5min with no hard-drive space used or extended learning curve. Nothing I have yet seen is that simple. Bitcoin does not need mass adoption to become more expensive but in my opinion it does need mass adoption if it is to remain expensive longer than a few days or hours.  Any government could print enough money to buy all the Bitcoin in the world but what makes that infeasible is the lack of willingness to sell them every Bitcoin in the world. Similarly the lack of mass adoption prevents even schools of whales from providing each-other crypto liquidity.. Liquidity only works when someone thinks the market is going the opposite way you do and a school of whales would end up in agreement much too often. 

Bitcoin back at 880 to me is just a diving board to 450-500, After Trumps inauguration Bitcoin has nothing but Jan 28th (Chinese New Year) and March (11th) ETF SEC decision, to look forward to. If the SEC stalls the Bitcoin ETF again I expect a crash, I already expect a crash leading up to Jan 28th, due to the Chinese buying fiat to give as gifts.



# SOURCE

_According to his analysis, Hayter says trading between the yuan and bitcoin accounted for around 98 percent of the total market in the past six months._
* https://ibankcoin.com/flyblog/2017/01/11/bitcoin-craters-after-the-pboc-confirms-probe-into-bitcoin-exchanges/

https://ihb.io//wp-content/uploads/2014/04/I-Have-Bitcoins-Funny-Meme-14-e1398610091141.png


## _Not  Financial Advice_
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
properties (23)
post_id1,774,653
authormatrixdweller
permlinkbitcoin-is-up-usd40-to-880-he-said
categorybitcoin
json_metadata"{"app": "steemit/0.1", "format": "markdown", "links": ["https://ibankcoin.com/flyblog/2017/01/11/bitcoin-craters-after-the-pboc-confirms-probe-into-bitcoin-exchanges/"], "image": ["https://ihb.io//wp-content/uploads/2014/04/I-Have-Bitcoins-Funny-Meme-14-e1398610091141.png"], "tags": ["bitcoin", "speculation"]}"
created2017-01-17 09:28:30
last_update2017-01-17 10:18:54
depth0
children7
net_rshares2,244,019,843,647
last_payout2017-02-17 10:18:06
cashout_time1969-12-31 23:59:59
total_payout_value0.080 SBD
curator_payout_value0.022 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length1,788
author_reputation-29,663,488,391,777
root_title"Bitcoin is up $40 to 880 He said."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (43)
@walkerlv ·
There is also the aspect of people simply not trusting it, since "it doesn't exist". You can't hold it, can't see it. It's on a computer, where anybody can hack it,... It isn't backed by any value,...

You'd be surprised how many people still think that there cash money is covered by gold bullion, and  that they own the money on their bank accounts, and that that also is backed by cash money,...

Step 1 to getting them to adopt bitcoin is not informing them of 's existence, or offering them a one click solution to start using it, but  give them a very serious economic and financial 101. Only, this is completely neglected in most schooling systems around the world
properties (22)
post_id1,774,681
authorwalkerlv
permlinkre-matrixdweller-bitcoin-is-up-usd40-to-880-he-said-20170117t093526655z
categorybitcoin
json_metadata"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
created2017-01-17 09:35:24
last_update2017-01-17 09:35:24
depth1
children3
net_rshares0
last_payout2017-02-17 10:18:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length671
author_reputation2,041,737,944,669
root_title"Bitcoin is up $40 to 880 He said."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@matrixdweller ·
good point
properties (22)
post_id1,774,691
authormatrixdweller
permlinkre-walkerlv-re-matrixdweller-bitcoin-is-up-usd40-to-880-he-said-20170117t093644174z
categorybitcoin
json_metadata"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
created2017-01-17 09:37:00
last_update2017-01-17 09:37:00
depth2
children0
net_rshares0
last_payout2017-02-17 10:18:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length10
author_reputation-29,663,488,391,777
root_title"Bitcoin is up $40 to 880 He said."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@seablue ·
This where Steemit becomes the perfect introduction to the concept of value being held in digital tokens.  The revolution that pushes forward crypto adoption is under our feet.
properties (22)
post_id1,775,273
authorseablue
permlinkre-walkerlv-re-matrixdweller-bitcoin-is-up-usd40-to-880-he-said-20170117t120926104z
categorybitcoin
json_metadata"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
created2017-01-17 12:09:12
last_update2017-01-17 12:09:12
depth2
children1
net_rshares0
last_payout2017-02-17 10:18:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length176
author_reputation18,860,602,215,122
root_title"Bitcoin is up $40 to 880 He said."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@matrixdweller ·
Yes Steemit is nothing short of ground breaking, but I still think the price of STEEM will continue to fall for now because others have not woken up to that fact as quickly as I have.
properties (22)
post_id1,775,476
authormatrixdweller
permlinkre-seablue-re-walkerlv-re-matrixdweller-bitcoin-is-up-usd40-to-880-he-said-20170117t125233850z
categorybitcoin
json_metadata"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
created2017-01-17 12:52:48
last_update2017-01-17 12:52:48
depth3
children0
net_rshares0
last_payout2017-02-17 10:18:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length183
author_reputation-29,663,488,391,777
root_title"Bitcoin is up $40 to 880 He said."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@sebastianjago ·
I believe Bitcoin will become more mainstream when people invest in the services that allow them to utilise Bitcoin on an everyday basis.  I have a Swipe card for my Bitcoin account and I can use it pretty much at any EFT service in Australia. Now...that to me is security as I have access to the balance and can utilise it as cash on demand.  I also have an ATM access in my home city so that is where I believe confidence is built. Word by mouth telling your friends how you bought your weekly food shop and dinner for your girlfriend with Bitcoin is a game changer.
properties (22)
post_id1,774,735
authorsebastianjago
permlinkre-matrixdweller-bitcoin-is-up-usd40-to-880-he-said-20170117t094837835z
categorybitcoin
json_metadata"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
created2017-01-17 09:48:36
last_update2017-01-17 09:48:36
depth1
children2
net_rshares0
last_payout2017-02-17 10:18:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length568
author_reputation43,428,794,842,963
root_title"Bitcoin is up $40 to 880 He said."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@seablue ·
I make a point of paying in Bitcoin whenever I see the option to do so.

The more Bitcoin that flows into peoples pockets through commerce, the more entrenched Bitcoin becomes as a digital currency.
properties (22)
post_id1,775,286
authorseablue
permlinkre-sebastianjago-re-matrixdweller-bitcoin-is-up-usd40-to-880-he-said-20170117t121221462z
categorybitcoin
json_metadata"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
created2017-01-17 12:12:09
last_update2017-01-17 12:12:09
depth2
children1
net_rshares0
last_payout2017-02-17 10:18:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length198
author_reputation18,860,602,215,122
root_title"Bitcoin is up $40 to 880 He said."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@sebastianjago · (edited)
I agree. It is all about confidence, faith and practicality.  It will happen in time however the banks who control most of the market share in regard to the flow of currency will make it hard.  Bitcoin banks (in theory) and other facilities will have to be established such as CoinJar to ensure the transition occurs. I have already made that transition.
properties (22)
post_id1,778,077
authorsebastianjago
permlinkre-seablue-re-sebastianjago-re-matrixdweller-bitcoin-is-up-usd40-to-880-he-said-20170117t201149518z
categorybitcoin
json_metadata"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
created2017-01-17 20:11:48
last_update2017-01-17 20:12:15
depth3
children0
net_rshares0
last_payout2017-02-17 10:18:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length354
author_reputation43,428,794,842,963
root_title"Bitcoin is up $40 to 880 He said."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000