Bitcoin price drop and flight-to-quality altcoins

What I told you last time about Bitcoin

hard fork (split) issues

are causing Bitcoin to decline at present.

Here is a basic explanation of hard forks ↓

(This is from the previous article. The articles from here on will be somewhat technical, so please use as reference.)

http://bitcoin-newstart.com/bitcoin-hardfolk

It used to be around 140,000 yen,

now it is around 110,000 yen.

As for this hard fork, at the moment

no one knows when it will take place.

Because there is a conference in New York in May

regarding Bitcoin’s supply cap,

it is expected to be after that at the earliest.

Bitcoin is falling,and

altcoins are being chosen as a refuge.

Altcoins refer to Ethereum and Ripple,

which have different functions from Bitcoin’s currency functionality,

and serve as platforms that can be applied to various systems.

When Ethereum showed a huge price surge,

recently Ethereum Classic has also risen as if chasing it.

Similarly, Dash, Ripple, Monero,

OmiseGO, ZCash, and other high market-cap Altcoins

have mostly shown price increases.

You can trade altcoins on Coincheck

and the chat section is filled with altcoin information every day.

For Coincheck, see below ↓

http://bitcoin-newstart.com/coincheck-bitcoin

Now, Bitcoin.

When Bitcoin declines and is no longer traded

those who wish to fork (hard fork)

mining rewards decrease, including miners

in China and elsewhere.

We and investors also

would prefer Bitcoin to be traded.

I think Bitcoin will likely adopt SegWit to improve scalability

and will not avoid a hard fork,

since that would prevent issuance of new Bitcoins.

Because Bitcoin’s issuance could otherwise be halted.

Bitcoin is not only an investment,

it carries global expectations as a technology.

Therefore I also frequently transfer coins between domestic and international exchanges.

On Coincheck I hold altcoins, but for other currencies

I use international exchanges.

(Details of my actual investments are introduced in the following

paid articles.)

Sending money overseas almost daily

cannot be done easily through current banks (lol)

If Bitcoin overcomes its present challenges,

experts say it could reach $2,000–3,000 in 2017.

In other words, 2–3 times the current price.

If you own Bitcoin and see the power struggles around it

you may feel a bit sad,

you may feel a sense of loneliness.

We, who invest in Bitcoin and the miners who rely on mining as a reward,

If you’d like to know more about Bitcoin, I’ll write another article.

We also run a free, valuable newsletter “Cryptocurrency Practical Mail Magazine”^^↓