Bitcoin Forum

I think it is still bit a high side, but I'm willing to take the risk for just one coin.

Reasons why I think $475 is justified:

1) Once all countries ban ICOs, the alt-coin space will be gone, including Ethereum. The physical Ether that filled the space during 18th century was ofcourse always imaginary.

2) Any bitcoin holdings might be considered illegal in a couple of years, due to money laundering and funding of criminal activities.

3) Too much regulation might be imposed that removes all anonymity and privacy making the coins unsuitable for any legal business transactions. All wallets and addresses might need to be registered with the authorities.

4) Crypto coins will be pretty much limited to what they are meant for - just tokens to facilitate faster fiat transactions, but not to have any monetary value for tokens themselves. Ripple and some other coins are heading this way already.

Considering the above, I'm not sure if should really spend $475 for this virtual coin, but  do have that much money to gamble. So let's have some fun!

For what we've been seeing, you're going to have a hard time in seeing that order of yours fulfilled.

Regarding 1), Bitcoin has nothing to do with ICO and scams, so I don't really see how this could affect its price.

Regarding 2), there are no grounds to illegalize Bitcoin. If that happened, other things such as fiat, commodities and stocks should be illegalized too. I don't see that working :D

3) Hindering regulation can be imposed, but I don't see how it would affect the pseudo-anonymous nature of Bitcoin. New addresses are created every second on the network, how would someone keep track of all?

4) Cryptocurrencies are supposed to "1 up" fiat. You can have a go about reading what they're all about and you'll see what I mean :)

Why would they ban ICOs, and why would that affect BTC?
So cash was made illegal hundreds of years ago by that logic?
So it's both illegal and regulated?  Also, how does privacy make it unsuitable for business transactions when bank transactions are completely transparent and used for most of them already?
Ripple is centralised and should not be regarded as a "crypto coin".  You do not understand the purpose of cryptocurrencies.

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If you're going to make negative statements about cryptocurrencies, please research them.  So far it looks like you have no clue what you're talking about and you're even contradicting yourself.

China banned ICO's, and it does look like it has some effect on btc's price.

Where do you buy 1 bitcoin for $475? .... I think you left out a zero at the end, my friend. Bitcoin was $400 when I started a

few years ago, and you will probably never see that price again. If you incredibly lucky someone might make a typo error and

you will buy it for that price. Get ready to wait.... it's going to be a long time. Your excuses to buy, will prevent you to make

huge profits.  ;)

Couple of things I omitted, because they were too obvious:

1. Cash transactions were insignificant compared to BTC transactions. So regulations will hit large money movement that is untraceable.
2. Alt-coin falling will hit BTC because BTC doesn't differentiate itself from the pack, in terms of being used for money laundering etc.

you go to jail for tax evasion...

If they decide to stop it all, they will and no one will be able to do anything about it.
Anyone thinking they are above the law and the government, is a fool, proven centuries over.

If as a business, the governement says I can't take bitcoin, I aint taking bitcoin. period.
What happens then to this "toy" money... nothing, it goes back to being an internet geek fantasy.

So in my opinion, just be patient, you will be able to buy this virtual money for a woooopin 1$ lolol

If you really believe on the points you mentioned, then why do you still have to buy bitcoin? IT seems the points you said will mean the end of bitcoin. You should be shorting bitcoin now so you can make profit in your prediction.

Lol, $475? Have you invented a time machine? There's no way we're going anywhere near that price, no way.

To be honest op, i really don't think that these things you are talking about above are not gonna happen. Although the banks and governments hate the thought of people using all the crypto currencies out there that makes them lose control and gives the people the chance to be actually free from their eyes for the first time, they cannot do anything legal. Amd if they resort into doing illegal or inhumane ways, the people will learn to fight back and no government or bank can do anything if the people wakes up to the truth and decides to actually fight for their rights and what they believe in. Not only for themselves but for their future families. And this will be bloody.

I think $475 is a very very long shot, I can certainly see it coming down below $4000 given its recent fall but we haven't seen figures of $475 for over a year, can't see it happening myself!

I think the panic in the market now from the recent China ICO news
can only benefit in the medium to long term Bitcoin and the other "long"
established currencies, Ethereum, Litecoin, Dash, Monero.

wow what drug are you taking? your imaginations is way far than the reality. you must cancel your buy orded because no one will trade you in 475 = 1 bitcoin.

1. Not all countries will ban ICOs every government  has to set their own rules regarding ICOs and also how can altcoin ICO affect bitcoin?.
2. so? that makes stocks and other financial instruments illegalized too.
3. That's why the governments around the world requiring bitcoin exchanges to be regulated so they can lessen the crime activities by putting KYC and identity verification. so if someone tries to launder money through an exchange they will detect immediately.

It's just comic, I think he tries to get people into panic.

$475 is possible when the system completely collapsed, all bitcoins hacked and one found a way to produce unlimited number of clone bitcoins. Otherwise, not realistic.

Possibilities of price crash is there but talking on going back again on $475 price i think its not possible as of these days.Price might dip but not be lower as that range for sure.If it does then i would say there already a problem on bitcoin which it dips its price like that. Buy order on that range is senseless as of now and you would need to wait for ages before you would able to bought that price.

So this is the reason why the exchange rates dived from $4,900 per coin to $4,200 per coin? A 15% decline just because the Chinese banned the ICOs? Quite difficult to believe. It should have been the reverse. The BTC prices should have gone up after the ban. After all, ICOs represent new competition for Bitcoin. Since the competition is removed, the prices should have increased.

Bitcoin has been in existence for almost 10 years and I am sure all of its history -- all of its ups and downs and all the struggles -- are very much recorded online. Yet whenever there is that bloodbath in Bitcoin we always hear so many predictions and projections of what can happen soon with Bitcoin. People will always start to talk negative things about Bitcoin...about how it can be the end of the line for Bitcoin akin to the talks about the end of the world happening tomorrow.

Now I am very much convinced that there are really people in Bitcoin that were born just the other day or to make it more polite maybe the other month...these are the people who can easily spread that the DEATH OF BITCOIN would be happening soon and we better jump ship because it is already leaking.

YES, BITCOIN IS ABOUT TO DIE so let's all sell our Bitcoin as fast as we can so we won't end up with nothing. And then when Bitcoin can be back for good, these are the people who will be enjoying the ride and can be smiling day in and day out.

Maybe these are the people who don't know what they got into...hey man use your Google and learn more about Bitcoin history. That's all, folks!

That kind of price won't happen. Even if the price reach 2k,i will very surprised. Bitcoin has nothing to do with ico's. Ethereum shoulf crash harder because the only use i've seen so far is for ico and not all country will ban ico, they only want to regulate it to provide safety for the investor.

1 - bitcoin is nothing to do with ICO and ICOs Scam.

2 - Bitcoin main function is do to service. New generation Criminals take advantage of the bitcoin anonymity.

3 - there some country regulating bitcoin and other cryptocurrency.

4 - crypto coin have there on limitation as they considered the law of supply and demand as the basis of there business.

follow up: there are no ways that bitcoin price will be back to its price a long years ago. even they say "history repeat it self" but the history of bitcoin are mark all over the web plus our economy are increase as the population grow, which means many will come up to use bitcoin. I dont agree that it is justifiable that bitcoin will back to 400$

1. well even if all country banned ico's, i doubt that it'll affect bitcoins price and in the first place why would they do that?
2. How can you be so sure that it'll be banned. bitcoin is just a medium so it shouldn't be blamed for the wrong doings of people. well money laundering and other malicious activities can be done now with bitcoin but most countries doesn't do anything.
3.in the first place how can they control it? did you even researched about bitcoin?
4.money's are meant to be spent as long as people are spending them, it'll already served its purpose

its much better to buy now and sell it even after a few months than waiting for it to hit $475, its easy to speculate what will happen in a few months than a few years
 

ICO dont really dump btc too much. Although the ban will let a lot of weak hands leave the crypto market and will also cause a drop in values in almost all the coins. However, it also can mean to be a good things for btc. Now we wont have less rubbish coins coming out to take a bite of the pie and make people lost fail in crypto for these fail coins. Btc is further able to strengthen his domination and other similar coins with good foundation.

Perhaps the topic opener bought Bitcoincash instead of Bitcoin. Still not a bad buy since I see it now being sold for around $500.

Can you just explain to me how you think bitcoin is influenced my scams in ICOs and guess you are going to have the hardest time getting your order than China accepting Hong Kong disintegration from mainland China

Made me laugh, was a good one.
Firstly, ICOs have nothing to do with Bitcoin, its price isn't going to be affected by them.
Secondly, more and more countries have legalized Bitcoin the recent few years.
From your saying, I guess that you have no idea about Crypto, unless you have a time machine to travel back in time, your order is never going to be fulfilled.

First of all it's too bad that you are saying bitcoin is worth $ 475 which supposed to be 4750!! Please respect the bitcoin value which worth four figures currently and making lives of people better. Secondly ICO will never get banned in most of the countries because they are very helpful in developing a real business in the real world by raising the funds in virtual world. After all government knows that the money will come back to national economy when that business starts working in reality. There are already many successful developments. So it's completely worth investing money into bitcoin and ICO which are based on ethereum smart contracts. Nothing is illegal in that.

I really don't want to disappoint you but $475 is near to impossible for Bitcoin. The things you mentioned are not directly related or associated with Bitcoin. It's about the users who are using it for illegal activities and government would definitely interfere in the matter if there is such suspicious use of Bitcoin. Let's be honest, it is not practically possible for anyone to track someone's Bitcoin activity and thus governments can not restrict anyone from using Bitcoins, if they try to do so then I fear than the unorganised black market will emerge. That would be the worst case scenario in my opinion.