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In reality, if there would be plenty of companies, countries, etc, to save all kinds of data in the blockchain, wouldn't that make pools not include certain transactions just to make sure the data people try to save is added to the block? Currently there is a 1MB block limit. How exactly will this work?
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Whoever the media points out to be potentially Satoshi Nakamoto will always be just to create sensation. Nothing more.
We have to live with the fact that we will/may never know who he really is. And to be honest, I don't care. Bitcoin is here. That's all we need.
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It is very possible, I can't think of a reason why it shouldn't go over $1000 with high demand and great news after 2016.
The only thing I hope for is that merchants at some point will keep at least 50% of the Bitcoins that they generate via sales, instead of converting 100% of the amount into fiat currency.
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$200 is what the demand and supply agreed upon as a fair price right now.
The real question should be: Are we going to see prices over $1000 again without another willy bot?
No of course, the real second question... will you buy 1 bitcoin for 1'000 dollars? I do no think you will buy it  . Ye how is price remaining in the 200s... Should probably be higher :{)
It seems this is the real bitcoin price, we are crashe from 1k dollars to 150 dollars .... and now we are here for a couple of months 200-300 dollars. Some users asking for 1k dollars but the price (not the value) can't never reach 500 dollars  . People who are asking for $1K Bitcoin while the price barely can manage to come close to $300 are clowns. They don't know how this market works. Typically get rich quick noobs. |
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2. With the increase in the price of bitcoin, there are many new crpto-currency in the markets,
This bring to a new questions, since there are not authrity that can controlled crpto-currency,
those new crypto-currency will eventually create chaos in the market.
The only place altcoins create chaos is in the altcoin section of this forum. Most people don't take altcoins serious. Which is a good thing as most of these coins are P&D coins. |
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Apple Pay will never succeed. Merchants are sick of money hungry payment processors. Every merchant should accept Bitcoin payments.
There are no cons, only benefits. Volatility is not an issue as every Bitcoin sale would get converted to fiat if they so wish.
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Bitcoin will function just as optional payment/investment option. It won't replace or come even close to fiat currency. Bitcoin is unique in its own way.
Store of value ? Yeah, you're right. Storing value is a very important feature. But to a certain extent it belongs in the same category as investments as most of the times value is stored with the intention to realize gains. (price going up) |
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Bitcoin May Never Make It to Wall Street, But Its Tech Willhttp://www.wired.com/2015/05/nasdaq-bringing-bitcoin-closer-stock-market/James Angel compares bitcoin to MySpace, the social network that paved the way for far more influential services like Facebook and Twitter.
Today’s bitcoin digital currency, says Angel, a professor of finance at Georgetown University, is too flawed to replace existing currencies. But the basic ideas underpinning the technology, he believes, can significantly change how the financial world operates. This is already starting to happen. If you just read it without getting pissed off already, then you will see the professor doesn't say much nonsense if you ask me. Indeed, Bitcoin MAY never reach Wall Street. But with the right people behind Bitcoin it MAY definitely be a matter of time before we see it listed there. The only thing I don't think is right is the comparison between Myspace and Bitcoin. I would find it more appropriate if he compared Bitcoin with Facebook. Bitcoin already reached Wall Street several times. just read the news. even nasdaq is using BITCOINS (!) now. I have read the article, it doesn't say Bitcoin is available to trade on Wall Street. They are just testing behind the scenes to see what the impact and benefits are. |
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Bitcoin will function just as optional payment/investment option. It won't replace or come even close to fiat currency. Bitcoin is unique in its own way.
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DanV predicted it would go down, but a little earlier than it did. I was comparing at the lines on his chart to what had really happened yesterday and thinking yeah right until the price crashed. His chart lines predicted it would drop to $230 yesterday and it only went down to $234 so he wasn't 100% accurate, but very close.
It's no surprise that the price would go down. It's been like this for a long time. Each jump will be followed by a dump. Most people could have seen this comming. |
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Yes, it matters to some extent, but I will continue using Bitcoin no matter what the price is.
Most people (including myself) will use Bitcoin regardless of the price. But would you hold your coins for let's say a few years if price was not important to you? I wouldn't. I would just buy coins when I need to pay someone or to buy stuff online. |
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As expected Juve is now in the final. Bale had an amazing chance with his head, but it didn't work out for him. It was a 90% goal chance.
Amazing achievement by Juve to reach the final, especially if you consider the amount of money they have invested in their team. (barely something)
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For some reason there are a lot of newbie 1-10 post members who seem to slate btc but seem to know a lot about it.
As long as this forum doesn't stop with letting people create endless amounts of accounts, this problem will never be solved. Most of these newbie accounts are alts of kwukduck and co. Forum admin or mods should do something about it. |
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Bitcoin May Never Make It to Wall Street, But Its Tech Willhttp://www.wired.com/2015/05/nasdaq-bringing-bitcoin-closer-stock-market/James Angel compares bitcoin to MySpace, the social network that paved the way for far more influential services like Facebook and Twitter.
Today’s bitcoin digital currency, says Angel, a professor of finance at Georgetown University, is too flawed to replace existing currencies. But the basic ideas underpinning the technology, he believes, can significantly change how the financial world operates. This is already starting to happen. If you just read it without getting pissed off already, then you will see the professor doesn't say much nonsense if you ask me. Indeed, Bitcoin MAY never reach Wall Street. But with the right people behind Bitcoin it MAY definitely be a matter of time before we see it listed there. The only thing I don't think is right is the comparison between Myspace and Bitcoin. I would find it more appropriate if he compared Bitcoin with Facebook. |
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Yep, it does matter. Even for me, as nearly 80% of my Bitcoin stash is pure profit. I am a firm Bitcoin believer, that's why I hold my coins. At some point in the future they will pay off considerably.
If price was not important to me, I would have sold all my coins in 2013 and just bought coins when I wanted to use them. Simple as that.
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I live in Western-Europe and in my area there is absolutely nothing you can do with Bitcoin unfortunately. I hope it will change in the near future.
The nearest place to spend Bitcoin in an actual store is probably 200KM away from here. Everything needs time to develop.
Maybe you should start a Bitcoin business then. You already know about Bitcoin and you have no competitors in your area so far. The government here is like a vampire. The less you own on paper here, the less they can suck out of your wallet. Beside that, I really don't know what to start. |
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Each reward halving is like a FED meeting decided to cut the money supply by half. Even for a worldwide currency like USD, cut the money supply by half will make it at least appreciate 25% against other currencies, so for a small currency like bitcoin, a price double is not surprising
That it will rise due to the halving is no secret, but I think the rise will last very short. I guess max 50% gain 1 or 2 months before the actual halving. Once halving has taken place I can see the gain that was initiated before the halving plummet from 50% to just 10%. |
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I used to use bitcoin core but it is way too clunky now. Especially with the 40GB blockchain. Now I just use blockchain.info.
It is quick and easy and accessible everywhere.
Although I haven't really explored some other wallets anyway, so I can't really talk.
I agree that Bitcoin Core is quite sluggish, but it is probably one of the better options regarding to storing your coins on pc. I really hope you dont store all your coins online as the risk of losing your coins is quite high with online storage. |
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Barcelona did as expected and qualified to the Champions league final after today's match (after winning 3-0 in first leg). I expect real Madrid to qualify for the final too (classico Champions League final!).
Juventus knows how to play to get 0-0 as result, which is enough to get them through to the next round. |
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I live in Western-Europe and in my area there is absolutely nothing you can do with Bitcoin unfortunately. I hope it will change in the near future.
The nearest place to spend Bitcoin in an actual store is probably 200KM away from here. Everything needs time to develop.
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