Hello everybody here on Steemit!. I have not been in to Crypto for too long now. I started in July, and have done pretty well so far. I work from home, so I do a lot of day trading, as I can monitor all of the prices constantly. I spend evenings watching videos, reading info, blogs, etc. It is hard in such a speculative market to REALLY know what is happening. I certainly have not figured it out yet.
After spending a lot of time reading on forks, and what they are, I am not a huge fan. Sure it is cool that you can get some free money, but it has thrown the rest of the coins and tokens for a loop. There are so many good crypto projects out there, and for some reason they are not doing well. In my opinion, those reasons are hard forks in bitcoin. I get that developers and miners want to make improvements, but it seems that they do not agree. Why not go start your own project? If you cannot get a consensus, then do not change it. I am especially not fond of Segwit2X. It seems like it can cause a lot of problems for both chains. Then you have talk about the winning chain can can attack the other chain and shut it down. For me not being the most technically savvy person, that sounds like something I will pull my money out of just to see what happens. It seems to me that you could have a lot of that as well.
I am not liking how much uncertainty it creates in an already speculative market. With how much the market is tied to bitcoin, and its performance, I am very wary of these changes. Maybe many of you are as well. I have gone through the list of coins, and for the most part, the last few weeks, any gains they make they lose shortly after. So it may seem because they are in the green a few days, they make gains, but they later give it all back. I mostly follow the top ones, as they are less risky. I understand that making huge gains is good, but huge losses make me sick to my stomach.
When you have projects like OMG, ARK, XRP, DASH, XEM, XMR, etc, just treading water. I don't think it helps the market. I think that most people here want mass adoption. I personally want to see central banks and government controlled fiat collapse. But that isn't going to happen as long as the market is so volatile. I can see no reason for these projects to be faltering. The only reason I can see to attribute to, is the Bitcoin hardfork, and then the Segwit2x. Is this going to happen every time there is a fork now? I certainly hope not. I want to see the good projects succeed, and all of the schemes, fail.
Another opinion of mine is there are too many cryptos. I love having free and open markets, but the market is small, and having an overwhelming amount of coins is daunting to even an experienced person in the space. Why do we need SO MANY of the same thing? I would much rather see steady growth. Obviously none of this is for me to decide, just wanted to throw out my 2 cents. I wish everyone well, and good luck, in this upcoming storm.
