I’ll be honest with you — i was considering selling a portion of my coins,
expecting a crash during this period of great uncertainty, but now i’m strongly leaning
toward holding all of them.
We may still see a sell off.
But, my thoughts are as follows:
– Populist movement of BU means community is NOT letting Blockstream/Core get away with their agenda… In other words,
not letting them cripple the network with high fees and slow confirmation times, which would kill the utility of bitcoin
and give the business to alts. This is VERY good news. Even with multiple node crash bugs, BU hashrate is rising. Miners can see the writing
on the wall, they would rather use buggy BU than roll over for Core.
– Big whales already sold off a lot of coins
– Network split likely not to happen. Core will capitulate and give the community bigger blocks or emergent consensus
because that is what people want — even luke jr’s own straw poll advocated this in the event that hashpower takes
over. Core will save their ass even if they can’t save face and at least try to remain as the “main” repo even if they
have to raise the blocksize.
– Already seeing alternate patches like Core + EC
– $1000 price now seen as support. Dips below $1000 will be bought. Also good timing with Chinese controls —
too late to get out now. Only panic sellers will want to cash out at under $1000. Big upside reward to hang
in there.
– Everyone knows there will be a huge rally after the tension is settled. Whales will be buying back their positions.
Smaller investors too. No one will sell.
Published at Thu, 23 Mar 2017 06:07:03 +0000
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By Decentral on 2014-04-11 15:24:37
