Bitcoin: The Currency Indicator Species of The Blockchain!
Regarding recent lag on transaction confirmation and how the Blockchain handles robust activity.
I have some thoughts..
I bet it's the banks clearinghouse are swamped, hanging on up the exchange. I know when I exchange through Circle, it takes 4 days to clear to BTC. The reverse now from 'Jumpers', taking what they think is a quick buck and running is no doubt jamming the Blockchain. Cannot confirm transaction until it is a transaction.
It's a perfect storm for devaluation. But massive devaluation means buying massive BTC for those that KNOW where BTC and Ethereum are headed. Maybe not Deval this time though... Bitcoin is on fire! It's dicey out there and nothing else is on fire like Blockchain! BTC is the "currency indicator species"...
News out today of Microsoft Azure platform to sandbox all cloud API for Digital Coining, only fosters massive validity for our choice to be in the funny Internet of things and its money.. China dumping Yuan into BTC for a fire vault too is proof of haven. Japan speaking to going mainstream with digital currency (2017) is massive.. Wallstreet backing open trading in BTC and dumping portfolio's into digital Blockchain asset and startups = Massive.
Rush to certification for "Blockchain Certified" for new professional's = massive.. All things "Smart Contract" is a tsunami = Massive...
My head hurts! In a good way! I'm all in on BTC (hold) and Buy on Ethereum. Oh... Social network??? Steemit = Massive!!!!😎
I agree, everything Blockchain is Hot! I got a little Bitcoin a few weeks ago, intending to use half to buy Ether. Now I think I'll keep the Bitcoin and buy Ether direct if I can. Any recommendations on where to buy Ether with US Dollars?
Hi Kenny, I use circle and bought through JAXX App from iPhone. Clear your deposit through Circle deposit (takes 4 days), then buy Bitcoin from Circle after cleared Circle access, takes minutes. Buy Eth then from your Bitcoin wallet. Diversify. Keep Bitcoin, test invest with ETH... Watch closely the ETH.. If tanking is imminent, transfer from JAXX your ETH back to Bitcoin. JAXX has both BTC and ETH transfer within the JAXX wallet. After cleared, move to your own Bitcoin wallet. Get a safe wallet. Bread wallet is excellent. Remember to physically copy your Mnemonic passphrase!!! it will be your ONLY safety should you loose your phone. You can get another phone, DL another Bitcoin wallet (the same one you had) and reauthorize your personal account as easy as entering your mnemonic key phrase..