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RE: Let’s Talk Cryptocurrency! Bitcoin 12K

in #palnet5 years ago

As a software developer running my own internet business for more than two decades (as my main profession), I feel like I missed the boat, because I remember finding out about bitcoin in January 2010. I was in bankruptcy over the financial crisis of 2009 and my lawyer was asking me whether I wanted to declare business bankruptcy or personal. I was searching for alternative online financial processing platforms depending upon this question and I think it was bitcointalk.org that I stumbled into, but I was looking for something my customers could use. I didn't think anything of it.

I forgot about it, then around 2012 - 2016, @wstickevers was talking about it on Facebook, but I was too deep into my own projects at the time. Then once again I finally took a look at Coinbase in fall of 2015 when bitcoin was around $240. It wanted me to upload my drivers license. I didn't want to do that, so I forgot about it again for about a year.

I finally finished an important update in Delphic Oracle (cross platform) and set it aside to look at the details more closely in late 2016 and I was shocked to find out that nobody was in control of the protocol. The white paper confirmed to me that it was something completely alien. I finally understood what made bitcoin so special in Feb 2017 and got my first bitcoin on valentines day. It was at $1014. Then I happened to see it drop to $925 on March 24, 2017 at about 9:30 am on Coinbase and wanted to buy more, but Coinbase had my account in review for a business application (I wanted to accept bitcoin for my customers) so it wouldn't process my transaction for another 3+ bitcoin. Before I knew it, it had jumped back over $1000 again and it never came back down.

Today I'm not even sure what my holdings are because I also got into Ethereum, EOS and several others, and the forks and airdrops keep piling up. I wouldn't chase this bull though. Wait for a 30 - 40% correction. Markets never go straight up forever. This feels like a repeat of Dec 2017.