China’s Central Bank Not Backing Bitcoin as CurrencyAn adviser for the People’s Bank of China has said that digital currencies, like Bitcoin, do not have what it takes to be a viable alternative currency, but backs them for their ability to hold value. Bitcoin’s own classification is still quite muddy with it showing the characteristics of many different things. It has been compared to digital gold, as a valuable asset that grows in worth, but it has also been integrated into pay systems in retail stores recently. China has itself been a bit two-faced in its appropriation of digital currencies, as it has gone from banning withdrawal of the asset, to setting regulations on it aimed at stopping fraud and scams around the digital currency. https://cointelegraph.com/news/chinas-central-bank-not-backing-bitcoin-as-currency
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This is wrong thinking. No one can't say whether Bitcoin holders will be millionares or not because no one can't say for sure how the situation with Bitcoins will develope in the future and what the price will be.
Ali this dreams about getting millionare over night are just a dream. Better concentrate on near future not so distant one.
Well, we can, someone with a thousand coins is a millionaire right now, satoshi has more than a million coins to himself so he is a millionaire too, we do not know how high or low the price will go but there is no doubt that there are people that became millionaires thanks to bitcoin even if we cannot put a face and name to those addressees. It seems to me that the users who used Bitcoin even at the dawn of its birth became the millionaires. Perhaps 2010 and 2011 were really active for such people. Today Bitcoin is starting to consume my users very little. You can get rich with a millionaire but it's very difficult. I think you can still to be a millionaire with bitcoin but you have to invest more as compare to the early adopters who got it at a very low price. I guess around like 50K to 100K USD investments to get a million is return. So for casual investors like us, it would be very difficult to get rich, but for those who have such big amount of money to invest in bitcoin, chances are along the line they will be millionaires. |
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It's interesting to analyze the predictions of only one week ago  The price is still pretty stable and has even recovered a bit - that surprised me a bit, I had expected a price of about 2200-2400. It has broken out of the triangle we talked about then, but to the upside, not to the downside, although it seems that the short term trend goes sideways and we stay inside the limits (ups and downs) of the last month. For me that is a confirmation that we're still in "wait and see" mode - the market is waiting for fundamental news about Segwit and the future of the scaling debate. Maybe the holiday season in the Northern hemisphere is also driving down volatility You shouldn't limit your observations to Bitcoin only And while Bitcoin has been trending sideways, Litecoin has finally jumped over 50 dollars per coin (and made an ATH at slightly above 55 dollars at Bitfinex). It could be interpreted in the way that it receives some liquidity which continues to escape from Bitcoin. Indeed, the markets of these coins are simply incomparable so far, i.e. a small outflow of money from Bitcoin cannot seriously affect its prices as of yet (in fact, Bitcoin price could even rise a little due to some random aberration), while it is more than enough to pump Litecoin. And we should not forget that, as the proverb goes, many a little makes a mickle We're in a tight trading range for Bitcoin but after huge gains, stability is probably good. I also like that litecoin is starting to show signs of life. I was hoping it would increase more like zcash, etherium, and Dash which have made huge gains lately. I think there are no such thing as stability price of bitcoin. Its either go up and down. However, we are now just seeing a somewhat slow gain this past weeks or so. Maybe because people are worried about Aug 1. But as far as LTC goes, its about time that this coin should be in the spotlight after BTC and ETH, LTC has been around too long that at least investors should also take a look at this coin as well. |
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Is Ethereum Getting Ready For Mass Adoption?The massive jump of Ether price in the past few months has caught the attention of lots of investors. However, many of them are still questioning whether this cryptocurrency is viable for being adopted by the crowd. Some common arguments are that Ethereum can currently process around 20 transactions per second, while Visa is capable of handling over 24,000. Another argument can be that it is challenging for somebody with little technical experience to set up an Ether wallet. These are all valid logical reasonings. However, there are also some facts that may indicate that Ethereum is actually moving towards mainstream adoption. https://cointelegraph.com/news/is-ethereum-getting-ready-for-mass-adoption
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I think ETH will remain in the $200 for me. There are many ICO's that are still offering ETH as payment so I don't think that it can go down further from $200. There will be still enough investors to get it and put in it any ICO they choose. But I think it will be very hard to ETH to rise again in the $300-$400 price. So if you can go out and exit and not be trap then I can surely advise you to do so. |
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Of course when you see that the price is going down very fast and you are thinking that you are losing your investment. Then you panic and push the sell button without ever thinking what the hell did you do it. But now, I usually don't panic eventhough I'm seeing a price dump. I'll just stay calm and see how it pans out.
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It's pathetic to see casuals acting like they know more of this match yet didn't even know how and what discipline is going to be followed. It's pretty obvious Connor have very very slim chance of winning. Of course i'll give Connor a puncher's chance.
That was almost the same prediction of analysts to the Pacquiao vs. Horn fight, and the results were not as predicted. In sports, there is always the uncertainty of the outcome. Just like in Gambling, your chance is 90% on winning, yet there are factors that will lead to a loss. The Mafia is there for money-making, etc. Yes we will predict based on players performance and strength, but I think this match result already decided by Mafia who will win in this game. This is not pure sports bro this completely business. Even players also not play for the company and their team they play for money. We are the idiots love sports and bet for our fav players. Finally, the money will go to mafia and players, and we will get only entertainment and an empty pocket. You are understimating how big these guy's egos are. You think that Conor McGregor, Mayweather or Pacman would geopardize his legacy for money? They want to win and no amount of money can brainwash them into taking a loss, because long term that's worse for you. Sure if the match is close judges can be bought to score one way or another but that's not the point. Both fighters want to win at all costs. Top professional boxers will not lose on purpose for money. Not the Mafia conspiracy thingy again. This is not the 40's-70's where he Mafia has a broad influence on the sports of boxing. No Mafia can do that thing anymore. And yes, they will not let themselves lose for the sake of money. They are winners already, and they hate losing. Look at other boxers who have lost and didn't able to get back to boxing again because the lost has a big impact, psychological wise. (Hatton losing to Pacman). |
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1 August 2017, Does everyone think it is effect to bitcoin price or not?
I would like to know.
should I buy bitcoin right now or just wait after 1 August 2017.
If everyone predict that the price is fall down after 1 August 2017 then I will wait and see it.
thank you.
what do you think about price?
Every time when a segwit is taken place, of course Bitcoin price will change. I think its price will change, increase up to 10% - 20% because this segwit2x really affects to everyone. I am hearing a lot of rumors from last two months that the price of bitcoin will crash down on first of August. I believe if the rumors were true, we could see the price of bitcoin falling from now on. But there isn't any effect on price of bitcoin. Infect the price is getting higher and higher. I would suggest not to believe in these rumors. Go and buy your bitcoin now as the prices will go higher and higher as the time will pass. If you buy the bitcoin now, you will get the more advantage. I hope price will rise up to 20% only . The ratio might decrease a bit. there is a mixed situation i think.. some people are thinking that bitcoin price will badly effect and will drop to a low level where as other people are pretty confident about the price of bitcoin and think that it will continue even after some 1st August. Yeah, a lot of mixed feeling around here and added by a lot of FUD as well. We can only speculate what will be impact of the activation in Aug 1. But I think it will not break bitcoin ecosystem and will continue to flourish along the way eventhough the price may crash. But sooner or later it will recover and the price is going somewhere along the $3000-$5000 range. |
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Yes I consider this as top buying opportunity. Btc crash is not dangerous that you need to panic but a piece of joy, that you finally can atleast now buy btc for cheap price, not just that cheap but atleast it is less than before. In my own opinion they make this crash because they have already pattern about this however even btc price is crash there is day after that it will soon increase. There is high and low price.
Yes. other consider this as a opportunity to buy back bitcoin and save in your wallet. Currently the price is still good for buying if you are going to ask me. It is below $2600 and if you are in it for a long term, then definitely you can buy now and hold it for a long time until the price double of triple. Buy and hold. That could be a good motto for everyone. |
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Litecoin is spectacular these days, but I am not convinced yet it's a bubble or it's sustained and will continue to grow.
But I cannot deny, it clearly worth buying some (or some more) at least until August 1st, many will find Litecoin as a good alternative until Bitcoin settles.
Yes, I think LTC will continue to grow in the future. And its not yet a bubble, only few are still sold to being LTC as alternative besides btc and ETH currently. And I think more people who are into gambling are using LTC as alternative crypto's right now. Let's just wait and see when everything settles in Aug 1, if LTC is going strong still. |
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Our Filipino Champs got robbed in his fight with Jeff Horn.... The face of Horn will tell you the who's the real winner.
Manny should have expected that. He has a very long career in boxing and he should know that some things might not go well. He had fights with dirty boxer and did he think that complaining inside the ring will make him win? It's the opponents' gameplan because Manny is very hard to knockout so that's why they need to go dirty in order to defeat him. The only thing I love about Manny Pacquiao is his sportsmanship. Even though he knew that he has the advantage in that match, He still accepts the defeat without bad feelings or complains. But as a fan, I feel that the result is not fair considering that the statistics released by ESPN are in favor to Pacman and one of the blind judge scores 117-11 in favor to horn. Horn also was been knocked down and almost finish at round 9. Manny said to an interview in the Philippines, that he has no bad feelings after the result to that match. He said he is in boxing for long time and the result was not new to him, but what is his concern was the referee which he said who doesnt have the knowledge to do his job. The Philippines Games and Amusement board has filed a protest against the result of the boxing match between the two. I think the result will not be overturn although they can have a rematch. But for me its time for Pacquiao to really retire for good. He is getting old and we must admit he is not the same Pacquiao that we know of. At least retire while you are on top and still in shape. |
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It touched that level some time last month or May, I am not sure but it did reached 3003 in bitfinex. And in bitstamp is was 2980$. Why op did not sell that time? But do not worry op, there will be another chance. Maybe even higher than 3K when everything settles after August 1.
Not only him missed the chance of selling but even I, I forgot to sell by that time because I thought that increase was positive and it will take longer but I was wrong. And today I learned that I don't have to speculate more because it is going to put me in regret again if I miss another positive wave. LOL dude. I guess a lot of us missed the $3000 price because it just touches that price for a few hours before the dumping started. I guess its really a psychological barrier for most of us traders or investors. When we see that it hit the price, we cant really stop ourselves to sell. Maybe this is why most of us are waiting for the price to touch it again, so can we can sell and get huge profit. But it will take more time to reach the price again though. maybe when everything is settle down after Aug 1. |
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I haven't done any transaction for a while so I can't say that the confirmation time has become faster. But from what I understand, its about a few weeks ago that the network spammer has suddenly stop causing the network to unclogged as a result we experience the faster confirmation time now. And I can only speculate that maybe the network spammer thought that's is not worth to really do damaged as he/they can't really hold people getting into bitcoin.
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Digital Assets
Domain names and crypto currencies have high barriers to entry and risks due to lack of regulations, technical hurdles and lack of investment instruments.
Can you please elaborate more on this?
I've been in the website flippening before and I don't see any barriers along the way. I just buy a attracted domain names and sell for more. But I'm not sure that barriers they are facing. Thanks.
That is a great question. It looks on the first glance that domain name investing has one of the lowest barriers of all investments. Hey, a .com is $10 or less! There are hundreds of thousands, probably millions of people, who tried their luck. A forum like NamePros alone has nearly 1 million members. But for most people buying a domain for resale is like buying a lottery ticket. The truth is that a very small minority do this professionally. There are probably less than 500 full-time professional domain investors worldwide. Most people are not very good in recognizing what makes a great domain. They fall in love with a word and think that is the greatest name on earth and must be worth millions. But as the years go by, no-one agrees, and they continue to sit on their name. It takes analytical skills, experience and tools to identify good names at scale. Even in a good portfolio, sell-through rates are below 5% yearly. Therefore it also takes significant funds if you want to make a business out of domain investing. This is with .com. Things gets even more complicated if you start looking at ccTLDs or new gTLDs. They have different legal and technical requirements, different price, different languages, etc. So tldr, low barriers to entry, high barriers to success! This makes sense. Thanks for the explanation. Although, I have been in domain flippening/buying before (I just sold a couple), I totally give up because of other reasons. Yes, I totally agree that it is very hard to be successful and its not easy as its sound. Specially the .com domains. Hah, I even know someone who just buy everything with a .com but didn't even make a good profit from it.They think that getting a .com will be lucrative but its not. |
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I'm not selling my bitcoin because i know that bitcoin will increase and get more bigger than before we have different options like me if you're wise you won't sell bitcoin because you know how bitcoin works even the richest people in earth wouldn't take of mind of selling their bitcoins because they already invested and they're just waiting for the right time .
Yes. Selling bitcoin prior to Aug 1 is not a option because I really don't think that bitcoin will dive after that. If the price goes down, then the more time to hold on it. Why people are still questioning bitcoin's resiliency? It has already proven from the past that it can recover and rebound more from the previous price. Do you want to miss the boat when the price goes high? So hold, hold and hold is the best option for most of us. |
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I don't think ripple is going anywhere in long run.
I think people bough ripple in bubble and they are holding it and hoping price will go up - which i honestly believe it won't
Bullshit, I bought most of my xrp at $0.005.. your just feeling stupid you didn't. LOL. XRP is going green currently. Its still not to late to join the bandwagon or not. I respect your opinion but just keep it to yourself bro. As for me, the price will really soar up in the next coming months. And for those holding, I urge you to have patience because I speculate that the price will really go to the moon. |
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Of course it will rise again. I have no doubt about that. Since November 2015, each time it rose, the price stayed, but it needed some time to stay at this price. So we might have to wait a year before seeing any upper movement, but that is normal, no worry.
You have given a longer time for the wait but in actual the price of bitcoin do not stay stable for longer but it stay at a stable price for a month or two and then again it start to increase its price and then this situation of price increase continue faster for a few months. Yes. The price will never be stable. Maybe a few corrections here and there, but stable price? I doubt it. And once price correction happens, the next thing that should happen is an increase in price. But yeah, a year to wait before seeing a upper price movement is too long. Every month we are seeing a good price increase not a year. |
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Today price of bitcoin is 2500 dollars and I believe before end of this year 2017 maybe price around 4000-5000 dollars each. So its better to buy bitcoin now because I believe the price of bitcoin in this month of july around 3000-3500 dollars so hurry up. Invest your money in bitcoin and for sure your money will grow but dont invest all your money . Invest only you can afford to lose. To prevent losing all your money.
I'm with you with the $4000-$5000 at the end of year. For me it will be possible because their are investors that are holding back their investment in bitcoin. They are waiting for the Segwit2x activation, and once the dust has settled, more investors are going to put cash on the bitcoin ecosystem. Pushing the price to $4000-$5000 in December or early 2018. So its better to get bitcoin while the price is still low. |
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I'm so disappointed about the decision that been made I clearly seen that pacquiao really won the fight the punches that have been thrown was solid to horn and also horn almost been knock out but i don't know what just happen even the best boxing analyst knows and been shock about the decision. it's so unfair that pacman just got robbed again lol.
Yes pacman ought to have realized that these guys don't play fairly especially if you're past your prime and should have ceased the opportunity to knock him out when he had the chance, it's sad these poor decisions are starting to marr his excellent career and if I was him I will consider retirement. Its clearly a robbery for me. I was also disappointed with the results. Other people who has seen the fight says the same. I guess its time for Manny to retire now and just go back being a Philippine Senator. Nothing to prove anymore. He has already cemented his legacy and don't want to be tainted it.He has a lot of money back in the Philippines so there no more need to fight another guy. Just hang his gloves and call it a day. |
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After massive bitcoin trading activity in South Korea to the point where bitcoin price in South Korea exchange is higher than other exchange, it's no surprise South Korea government will take action.
As usual, it's good to see certain country legalize bitcoin, but i'm not very happy since all cryptocurrency users will be watched by government (no problem for investor though).
Correct. Trading volumes in South Korea is very high and their was a time the their is 100$ more premium bitcoin in their exchanges. So its no surprise that they are heading to legalization of it in their country. This will bring a positive news to the crypto market specially bitcoin. Let's observe how this pans out. |
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