Stillness in the Storm

An Agent for Consciousness Evolution

Massive Bitcoin Liquidation Likely to Happen Before August 1st, Warns Crypto Currency Expert

By Leave a Comment

Spread the love



(Ethan Huff) There’s an upcoming fork in the road, and the popular online cryptocurrency Bitcoin is headed straight towards it. It could finally be the breaking point that Bitcoin needs to set a definitive standard for trading and transactions – or it could be an absolute nightmare that leads to a collapse. Not knowing makes Bitcoin an extremely volatile holding at this point in time, and a cryptocurrency expert has predicted a massive sell-off by August 1 as a result.



Related Article:  New Gold Backed Cryptocurrency Has Been Announced

Source – Natural News

by Ethan Huff, July 22nd, 2017

Kevin Lawton is a tech entrepreneur who’s successfully launched 10 different startups. He also knows a thing or two about Bitcoin, and during a recent interview with USA Watchdog‘s Greg Hunter spilled the beans about what he sees as impending doom for the digital currency – at least in the short term.

Basically what’s happening is that there are two schools of thought as to how to deal with ongoing problems in Bitcoin land. Transactions are slow and ever-worsening as more and more people use the crypto coin to buy and sell without the need for fiat currency. Those who developed Bitcoin have an idea as to how to address this, but so do “miners” and everyday folks who trade with the stuff – and the two ideas differ substantially.

“In Bitcoin, there are huge scalability issues in terms of transaction speed,” warns Lawton. “It’s been ongoing for years now. There is a set of ideals from the developers on how to fix this, and there is a set of ideas from the miners and payment transactors on how to go about fixing this.”

“They are sort of like two camps, and they have really split off. The developers have a proposal … and that will probably roll out around August 1. Then, on the other side, big money people and payment processors and miners … they have their own proposal, and they want to do more than the developers want to do.” (Related: To keep up with the latest Bitcoin news, be sure to bookmark BitcoinCrash.news.)


Bitcoin ‘fork’ could be reason enough to liquidate, Lawton says

It’s not that Bitcoin is inherently bad, nor is the concept itself a failure. Cryptocurrency has a lot of potential to unhinge a society from the shackles of private, central bank-issued fiat currency, for instance, that can easily be manipulated and controlled by third parties. Since it functions on a peer-to-peer basis, cryptocurrency truly can be money by the people and for the people – completely decentralized from federal intrusion.

The problem is that many people are using Bitcoin for speculative purposes, which has greatly driven up costs and turned it into more of a high-risk investment than an actual currency. The other problem is the upcoming “fork” that will split the blockchain into two, potentially creating some very serious problems for Bitcoin users.

“When the split happens, you effectively have the blockchain go down in two different directions,” Lawton warns. ” You can think about your crypto coins existing on both paths at the same time. It can create a lot of havoc.”

“If it happens in a short time frame, and there is a big winner and everyone gets behind it, the blockchain reorganizes itself and goes down the same path and you are fine. If it doesn’t happen in a short amount of time, some really bad things can happen. You can get double spend issues with your coin. You can have this thing called ‘reorganization,’ which can disappear your transactions. I anticipate people who have big money at play are probably going to want to liquidate their Bitcoin ahead of the potential fork nightmares … There is the possibility of liquidations.”

The full interview with Lawton is available for viewing on YouTube.

_________________________
Stillness in the Storm Editor’s note: Did you find a spelling error or grammar mistake? Do you think this article needs a correction or update? Or do you just have some feedback? Send us an email at [email protected] with the error, headline and url. Thank you for reading.

Notices and Disclaimers

We need $2000 per month to pay our costs. Help us one time or recurring. (DONATE HERE)

To sign up for RSS updates, paste this link (https://stillnessinthestorm.com/feed/) into the search field of your preferred RSS Reader or Service (such as Feedly or gReader).

Subscribe to Stillness in the Storm Newsletter

“It is the mark of an educated mind to be able to entertain a thought without accepting it.” – Aristotle

This website is supported by readers like you.

If you find our work of value, consider making a donation. 

Stillness in the Storm DISCLAIMER: All articles, videos, statements, claims, views and opinions that appear anywhere on this site, whether stated as theories or absolute facts, are always presented by Stillness in the Storm as unverified—and should be personally fact checked and discerned by you, the reader. Any opinions or statements herein presented are not necessarily promoted, endorsed, or agreed to by Stillness, those who work with Stillness, or those who read Stillness. Any belief or conclusion gleaned from content on this site is solely the responsibility of you the reader to substantiate, fact check, and no harm comes to you or those around you. And any actions taken by those who read material on this site is solely the responsibility of the acting party. You are encouraged to think carefully and do your own research. Nothing on this site is meant to be believed without question or personal appraisal.

Content Disclaimer: All content on this site marked with “source – [enter website name and url]” is not owned by Stillness in the Storm. All content on this site that is not originally written, created, or posted as original, is owned by the original content creators, who retain exclusive jurisdiction of all intellectual property rights. Any copyrighted material on this site was shared in good faith, under fair use or creative commons. Any request to remove copyrighted material will be honored, provided proof of ownership is rendered. Send takedown requests to [email protected].

What is our mission? Why do we post what we do?

Our mission here is to curate (share) articles and information that we feel is important for the evolution of consciousness. Most of that information is written or produced by other people and organizations, which means it does not represent our views or opinions as managing staff of Stillness in the Storm. Some of the content is written by one of our writers and is clearly marked accordingly. Just because we share a CNN story that speaks badly about the President doesn’t mean we’re promoting anti-POTUS views. We’re reporting on the fact as it was reported, and that this event is important for us to know so we can better contend with the challenges of gaining freedom and prosperity. Similarly, just because we share a pro/anti-[insert issue or topic] content, such as a pro-second amendment piece or an anti-military video doesn’t mean we endorse what is said. Again, information is shared on this site for the purpose of evolving consciousness. In our opinion, consciousness evolves through the process of accumulating knowledge of the truth and contemplating that knowledge to distill wisdom and improve life by discovering and incorporating holistic values. Thus, sharing information from many different sources, with many different perspectives is the best way to maximize evolution. What’s more, the mastery of mind and discernment doesn’t occur in a vacuum, it is much like the immune system, it needs regular exposure to new things to stay healthy and strong. If you have any questions as to our mission or methods please reach out to us at [email protected].

Reader Interactions

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.