Bitcoin Forum

Guys   can I explain my considerations?

I see some of you   saying: ''invest  into bitcoin for the next  10  years, invest your  pension funds...''

This   for  me  is  ridicolous,  a pension fund all in bitcoin.

Let  me  clarify THIS:  THE COMPANIES   HAVE  ALREADY  KNOWN  that   the  blockchain  tecno is somenthing  REALLY  PROMISUING  and  good  for  their  profits  and they ARE  WORKING  TO CREATE  THEIR  OWN  BLOCKCHAINS (SIDE-CHAINS)

Because  they don't  want  to  depend  on the  Bitcoin blockchain that  is  full  of  bugs,  with scaling problems  and that  you must  wait    30 minuts  for  a block to be  verified.

So let  me  clarify this:  Bitcoin  is  a  simbolic  progress  of  internet, but  will die for  sure.   You  don't have to see  the price  now, it  can  go even  to  1 million,  but it's  extremly risky to invest in a such bubble.

Bitcoin  will  remain as  a ''simbolic progress  of internet''   and   will stabilize itself  at  the  price  of  1000$ in the next  years (then I predict it  will disappear)

Because   copanies are  working  on their  own side-chains.  IN the future  you won't need  bitcoin to  buy ALTS (look at  waves  dex)

So I  think, it's  wiser  to  stop  promoting a bubble. Please.


Mark this  post, the time  will get me right.  maybe the bubble  can  go even  to  50k in the next 3-4 years, then it  will die. And it  will crash so heavly  that  the last investitors    will  be  ruined  from bitcoin if  they will be  stupid enough to invest  in bitcoin at  30'000  or   things like that

The  future IS IN THE  PROJECTS  WITH THEIR  OWN SIDE-CHAINS  THAT  CAN WORK  ALONG SIDE  WITH BIG  COMPANIES AND DO NOT  RELATE TO  THE BITCOIN CORE blockchain   (Hello, stratis, hello waves, hello ethereum)

2018 is the year for Blockchains , no wonder.

Well I hope you are wrong, but I can understand where you are coming from. Hopefully banks don't create their own cryptos one day, it would hurt Bitcoin in the long term.
In the end, it is the people who can make the difference. I personally trust Bitcoin and hope more and more do too.

Like you said, I don't think we should worry too much in the next 3 or 4 years. No one can make predictions after that. My personal opinion is that Bitcoin's golden age will be in 2020.

bitcoin golden age is now.

enjoy  an eventually x4  and  then DUMP, and do not forget  that  if  you hold  too much (BIG BAG) it's  difficult to sell when the price  will dramatically  drop.

Wishful thinking my friend, the banks already have developed their own blockchains and are good to go, expect them rolled out in different guises. Will it be bad for bitcoin? We will find out in due time.

Have they created their own currency though?

@Lucacrebbe golden age, disagree, not yet, way too many people still don't know (and don't understand) what Bitcoin is...

Think about it:

For example I  don't  know  about   some aliens living   on  a  planet  x  in the universe.   And I  will never  know about them

They  exist,  I will  never  know them because  they are so  far  from me.

The same  thing we can say about  bitcoin.  The ''normal people''  want easy things, they  will never  start  messing around  with wallets and hashes.

They  will use Paypal and  banks  forever

So I  SCREAM   to  the world:  FOCUSE  your attention  on valuable  PROJECTS, BECAUSE  THE  BLOCKCHAIN TECNO is  VALUABLE,  AND SOME PROJECTS  can   have real world  USAGE FOR  SOME  COMPANIES.

With this argument i can show you other good alternatives on internet. For example equihash tecnology has potential to compete with blokcchain. Bitcoin is gold of future without any doubt. We all know the suply is limited for bitcoin and circulation will decrease after last mined bitcoin.

to believe in such long-term forecasts is ridiculous
you can not be sure what happens in a year, how is it possible to rely upon btc in 10 years??? :o ??? ??? ???

PErsonally I think bitcoin will survive and prosper and the value will continue to increase over the years.
However it does make sense to never go 'all in' on one thing, so even if bitcoin rises steadily it is prudent to not bet everything on this one coin or on cryptocoins generally. We make educated guesses about cryptocoins but it is still effectively gambling.

We had this discussion many times before, the biggest risk for Bitcoin is that all world wide governments rule it to make it officially illegal.
Is it a possible scenario? Yes I think it is. But still long odds for now.

If such a scenario comes true, Bitcoin will not disappear but will remain underground and the value will obviously drop massively.

Too much money to make it illegal.

We are already tradings in investment banks and we accept futures in Chicago

It is my opinion

I appreciate your opinion and lately I think the same thing, however I am still hold my Bitcoin for a few years while looking for a great alternative to my investment. We will not know what will happen in the future but we can make the best decisions and prepare ourselves in the various conditions that will come in cryptocurrency investment.

Blockchain technology is a topic that all countries are interested in. But BTC does not look very positive. States are only in pursuit of technology.

Bitcoin is a deflationary currency, it is great at a time when governments are printing money as paper advertising

At least some people in wallstreet were saying about the bitcoin can be considered as another good investment rather than gold or even fiat money. With the limit supply and that makes sense to see to the bitcoi become an investment.

I don't think it's likely to be ruled illegal by all governments. Estonia and Catalonia are already looking into creating their own digital currency.

Oh my god  IMAGINE  IF  THE GOVERNAMENTS  REGULATE  IT (not  declaring it  illegal)

For god,    you guys  don't  know  the  rule of  risk/reward

Let's   suppose I have 10k to invest  and  I invest  them  in Bitcoin  hoping  for  a  x10  in the next 10  years

OK.

Let's immagine  it makes  a  x4  and  then  suddenly regulated  and the  price  came back to 300$  (IT CAN HAPPEN, IT'S ONLY  A BUBBLE, IT CAN HAPPEN)

I  would  have lose  10k   in a ''puff''


CAN YOU UNDERSTAND  THIS  OR  I  AM  TOO SMART  TO UNDERSTAND THIS  SIMPLE RISK/REWARD   RULE ?  ?


Ok.

Let's  make  another example now


Let's  suppose  I have  1k  and  I put  it all in some  proisuing  altcoin

Let's  suppose by the hype  or  thanks  to  the final product  I  can make  a  x10 in the  next year.  I will  have  10k

If not  I will lose  only  1 k


RISK/REWARD

DO YOU UNDERSTAND  THIS?  OR IS  IT TOO  DIFFICULT?


SO  IN BITCOIN I  WOULD  PUT  ONLY  300$ AS HEDGE.

All I can say is, only time will tell indeed. We don't know and no one really knows when bitcoin will die like what OP is explaining. I got you, you are just worrying to the people might get loss. Well it is part of the investment. For me, I am just enjoying what I have now and what technology I'm in, I have my own decisions how I manage my money.

Offcourse many companies are developing the blockchain tech but the thing they cannot create another Bitcoin like this which has already proved in the market. Everyone is developing their Blockchain for their companies growth at the same time Bitcoin value is also increasing with the growth of Blockchain developing.

I guess only time will let us know if you end up true or not. If you want to decide to see bitcoin as a bubble, then that is the way you absolutely want to see it and no one would criticize you for your opinion.

We all really do not know the future and most definitely blockchain technology is the future, but whether bitcoin will still remain in the show at the end or not, only time can really tell us that but as far as I am concerned, it is totally worth the risk knowing it is going to be here for a long time, before we start seeing much more development on other cryptocurrencies.

You are note wrong, it's an extra big bubble but make money while you can and put stops !

I disagree with OP on this matter. Blockchain is a great technology but people get interested in this technology via getting acquainted with btc. For them btc and linux are the one, they don't think about other coins and projects on this tech. Thus, regardless to how innovative and awesome other coins might be, as long as bitcoin will exist it will be #1 and it is probably going to be throughout the whole history of blockchain popularity. Bitcoin is still worth more than all of the coins together and there are many people not caring about other coins at all.

Bro...just invest with your own risk and always diversify your investment. Dont put all your egg in one basket thats it. And always invest for long term

Bitcoin is the first crypto and if the company will have tried to create the coin just like bitcoin, it will be lost on the hype. Bitcoin already reached a very high hype from a lot of people around the world.

Bitcoin is the leading currency because of the network effect of people using it. It has been around for the longest and it has the most people who know about it and use it by far - very difficult to take this advantage away from it. For BTC to crash, the majority of people need to lose faith in the currencies ability to function as a store of value - so many some kind of large scale hack could shake people's faith and cause a price plummet but it is very difficult to see BTC being displaced.

OP you forgot to say "hello activity" please at least for once some body mentions my activity tokens, full stop lol. start, what you are doing is shilling for side-chains platforms like Hello and Waves, Hello and Ξ. if you think the world and all the people in it will stop jumping girls every weekend and will stop thinking about jumping girls every weekends then they will definitely stop using a decentralized currency.

I think this guy is absolutely right. There are so much better projects that offer a real product with a real value.

Still, BTC will be profitable for a while since 80% of the marketcap is caused by media - and which coins are hyped.

Banks creating their own crypto is something we should definitely expect, but I do not see how that would really hurt bitcoin.

Most countries are already looking into that. The thing at the end is that bitcoin remains a decentralized currency and any cryptocurrency from the bank will end up a centralized coin, so the choice is then dependent on users and which they want to adopt.

Try the other way around....only kidding. But seriously bitcoin is much more important than blockchain technology. Dont forget without bitcoin behind around blockchain wouldnt even be on the map dudes :)

Sometimes you need to use a common sense in order to view the real picture behind! Don't you think that a very progressive country like Japan will fund a very huge amount of Bitcoin if it was really full of bugs nor it won't last long? ;)

up.

Consider  that I was right. I AM right.

bitcoin is simply the past.

There are so many beutiful projects on the blockchain  experience: Stratis,  waves, they'll be monsters in their field

Never  buy a  bubble at 7'000$

So,  lesson learned?

Many of  you have lost so much  money  with bit (shit)-coin   investing at the top.

But  what  did your  brain tell to you?   Investing into an useless  coin at 7'000$ ?  Why?  

''The  king  of  cripto''...lol.


An useless coin, a  ''simbol'', of the  past


Invest into  blokchain projects, instead

Bitcoin is not dead, nor is sh*tcoin. BTC has great recognition and it's raise just begun. It will remain KING for a while, but let's say in 2 years time I see BTC being passed by better projects (in terms of market dominance / control etc.).

dont think so, at least not in the near future. bitcoin has been declared dead so many times in the past, but it always come back stronger. there is a time for every tech to be obsolete though.