In 2030 there's probably about 9 billion + people in the world and there will only ever be 21 million bitcoins. So quite a lot obviously.
That's assuming all people on earth will use Bitcoin, which won't happen, by far not. But if we pretend it will become a reserve currency, we'll see the whole Bitcoin economy change. Every policy that we are now already struggling with will be way worse by that time. Perhaps that the current exchanges will no longer be able to run its exchange in a legal way. Only banks may function as broker for buying and selling Bitcoin in the long future. They will surely tighten everything to a certain level that we can't have the freedom we currently have. |
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Hello,just wanted to ask:if I buy $120 of bitcoin and sell it can I still make a profit?(not expecting a digantic profit but something leke $5 that way I whole slowly build up a bitcoin.
It's not a problem. Even if you just buy $50 worth of Bitcoins. Use the money you can afford to purchase Bitcoins with. There is always profit to be made, even with these amounts. |
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The people here can't do much. Those who are constantly asking for global adoption and for when the price will reach $25,000 per coin, are the kind of people who don't understand how Bitcoin works and what it exactly does. They are here to earn some free bits and just YOLO buy their coins at a certain price hoping it will rise so they can make a nice profit.
I am the kind of person who finds that actions speak louder than words. I try to keep the network as safe as possible by running a full node. It might not look like much, but I am definitely contributing. I make people aware of Bitcoin by telling what and how they can use it to benefit from it.
What I and other people can do is, visit local stores and explain them in detail what Bitcoin is and how it works. If I can make at least 1 store accept Bitcoin, my task is already successful.
Please don't be like that. Anything is possible. 1 store is definitely a step, but to be honest it's just very far from a huge adoption. Huge/global adoption can only happen if they see there is demand for purchasing things with Bitcoin. And at this point the demand is not there. People do occasionally use Bitcoin as currency, but it is far from enough to make merchants stand in a row to accept Bitcoin. And Bitcoin as it is right now isn't able to handle global adoption scenarios. For that we need at least larger blocks, and perhaps even faster confirmation times. That's why I hope the Core devs release their version of the Core client with larger blocks. As soon as they do that, the whole XT drama will be over. |
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It's way too easy to do such a thing. I can remember seeing a video where a small restaurant/cafe was having their main wallet address in QR printed on a piece of paper and they sticked it to their front window. This is just stupid since people can put their printed address in QR form over the address from the store to receive their payments. They make it way too easy for people with bad intentions.
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It's funny to see how fast people are with changing the way they think about where the price is heading. If it goes down, people create threads and post it will go to $250 and such. If it goes up like now, a lot people say we are going to make another run to $400-$500.
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I took profits at $365 with a good $1500 profit + I made around 1.2BTC with day trading during the high volume days. I am more than happy with the results. If there will be another rally, then I welcome it to show up again  |
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There are plenty of reasons and possibilities of who the Bitcoin rally has initiated. Whatever caused it, I enjoyed it to the fullest. It was a long time ago since we've seen such a wave of panic buyers. People were going nuts. I am interested to see where the price will find a somewhat "stable" price point to sit there for weeks or months.
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snip
But most likely,
number of people mentioned by ShetKid > number of people mentioned by jacktheking.
Yes. That is logically correct, but, let us look at another angle.. Hopefully it will be a better one. I'm betting Bitcoin price will be back to the $250 range before the end of the year, possibly by the end of November.
There was NO SOLID NEWS OR REASON for the spike in the first place, I'm still a bit supprised it got as high as it did before reality finally reasserted itself.
Enough folks bought in that I kinda doubt we'll see $230 as a consistant price again, though.
It will be sad to see the price go back to below $300 (if it indeed goes below that level). $250 range is quite low after all the steps forward we have made, but I'll surely buy back at $250 as I sold some coins when it peaked at $365. I am happy to buy back and increase my coins  Better buy now at 300 - 320 range. Waiting to reach 250 range is somewhat risky. Just my thought.  . I am not really interested to buy coins over $300 as I have enough coins already. If it drops to $250 or lower, then I will surely buy back. If not, then no problem, I will just enjoy seeing the coins I have go up in value |
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The people here can't do much. Those who are constantly asking for global adoption and for when the price will reach $25,000 per coin, are the kind of people who don't understand how Bitcoin works and what it exactly does. They are here to earn some free bits and just YOLO buy their coins at a certain price hoping it will rise so they can make a nice profit.
I am the kind of person who finds that actions speak louder than words. I try to keep the network as safe as possible by running a full node. It might not look like much, but I am definitely contributing. I make people aware of Bitcoin by telling what and how they can use it to benefit from it.
What I and other people can do is, visit local stores and explain them in detail what Bitcoin is and how it works. If I can make at least 1 store accept Bitcoin, my task is already successful.
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Hi guys! Is it everything ok with post counting? I join yesterday around 4 PM till now i wrote 7 posts + this one two in off topic so i know that they are not counted. so counted posts should be 5 But Bitmixer counter show me just 1 ..  this is my UID number: 142387 Can someone explain me what i'm doing wrong? EDIT: It looks like now he count this post too, because now is showing 2.. Off topic or not, the bot counts every post you make. At the end of the 7 day period it will count all the valid posts and pay for them accordingly. If you make for example 40 posts where 15 of them are in the forum sections this campaign does not pay for, your post count shows as 40, but it will just pay you for 25. Also, the Bitmixer bot from time to time tends to struggle with time out periods where it doesn't count certain posts you made. I have this too from time to time. But it's not a problem for me as these are just free earnings. |
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# Registrar : Namecheap
# Expiry : November 09, 2016
# Start bid : 0.06BTC
# Minimum bid increments : 0.005BTC
# Buy now : 0.20BTC
# Auction duration : 48 hours after first bid.
# WhoisGuard included.
# Escrow possible.
Solid domain with high potential.
Only Bitcoin as payment is accepted. Bitstamp will be used as source for pricing.
I will always ask you to send the funds to : 12oWtmuwHipw9rC9BYUuMGWMWB3RxMsxUN
By placing a bid you agree with :
# Winner of the auction pays first if you don't want to use escrow.
# Transaction must be completed in less than 24 hours.
# Private bidding is not accepted.
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I would sell all my Bitcoins if the developers start messing with the 21M coin cap and do other shit to ruin Bitcoin to start splitting the community in two or three parts.
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I sold at $365 on the way up when the rally was going crazy. Not long after that it peaked at $500. I am not really interested in buying back unless it goes far below $300 since I already have enough coins to be happy with.
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So I noticed we dropped to $330 this morning when I woke up. I wasn't expecting for the price to go up but definitely I'm not hopong it would go any lower but to my surprise I didn't noticed that it was aboit to fall.
So are we falling back again? What's causing this?
It was most likely a hot air pump that caused the price to go to $500. Now everything has cooled down, people start to realize the same and start selling before it goes down further. This just makes me more believe in the theory that it has something to do with the FBI auctioned the last SilkRoad coins. After the auction was over, it started to fall HARD. Just look now, it touched $300 and no one is willing to support these prices. That says enough. |
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I'm betting Bitcoin price will be back to the $250 range before the end of the year, possibly by the end of November.
There was NO SOLID NEWS OR REASON for the spike in the first place, I'm still a bit supprised it got as high as it did before reality finally reasserted itself.
Enough folks bought in that I kinda doubt we'll see $230 as a consistant price again, though.
It will be sad to see the price go back to below $300 (if it indeed goes below that level). $250 range is quite low after all the steps forward we have made, but I'll surely buy back at $250 as I sold some coins when it peaked at $365. I am happy to buy back and increase my coins |
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Researcher Has Bitcoin Stolen off His Back in a Public Experiment"How vulnerable is bitcoin to physical theft? It’s a question many bitcoiners don’t ask a lot since it’s hard to imagine how someone could steal a non-physical currency. But if account information is physically visible, cryptocurrency theft is a real possibility, according to a recent test by Tal Newhart, a Chicago-based business strategy and recruitment specialist who has been involved with bitcoin since 2011, according to PRNewswire." https://www.cryptocoinsnews.com/researcher-bitcoin-stolen-off-back-public-experiment/
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It's great to see them allowing developers to have more freedom, but when it comes to Apple I always have the feeling that they might come back on their decision and remove these apps from the appstore at any time with the reason being that it is a violation of their policy.
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To be honest i feel that yes, it's a waste of time. Whenever i mention it, whether in my family or when hanging out with my mates they moan because they think they know what it is and they think it's useless and a waste of time.
But I keep doing that because i feel like one day bitcoins will be the dominant currency and promoting it is a worthwhile cause.
If you explain Bitcoin well enough to them, then they will definitely see the benefit of Bitcoin. People who think it's useless simply don't know Bitcoin, even though they say they do. Bitcoin is superior at this moment, people would save themself a lot time and money if they started using Bitcoin instead of old fashion banks and payment processors. |
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Of course I do. At this point I don't want my retirement money to be in anything other than fiat currency. I don't want my future money to go through huge peaks and then being dumped to the ground again. That money is something I don't mess with.
I hold Bitcoin in my cold wallets for years and will keep it and not sell it for another 10-20 or even more years. That can also be considered some sort of a retirement account. It's a win win for me.
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I have been buying Bitcoin for 2 reasons.
1: To increase the amount of coins I have in my cold wallets.
2: For trading purposes.
Nowadays I only buy Bitcoins for trading purposes. I have been quite successful in making profits, it allows me to generate coins without having to buy them.
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