As long as US remains as the most powerful and influential Country in the World, I believe Dollar will not crash and will be replaced with something else.
If there are multiple blocks (US, Russia, EU, China, etc) fighting for political supremacy, there is a good chance that the USD might not be hold its position as the top currency of this world. |
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The price has been stable for a while and prepared for the rise for some time. So maybe its time for a small push.
It was stable at $320-$330 for hardly a week. Of course, stability for a week is something big when we are talking about Bitcoin.  |
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its hard to believe,just because 15 years is not a short time,and i think if bitcoin replace dollar,bitcoin will also replace other currency,maybe will be a global currency,and its need more than 15 years,maybe 20 year i think.
Of course, if Bitcoin manages to replace the dollar, it will become a global currency. It will be one of the strongest reserve currencies in the world, since its rise has been driven by people all over the world, and not any particular government. |
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That's how people FUD to another people, they just want buy bictoin in low price, I'll bet I'm right.
Yeah, mostly trader who say that. Like, "Hey, price is going down!! SELL, SELL" Then some newbies panic and sell their bitcoin. While the FUDer placing his buy order into the lowest price. People do get greedy. I don't think Bitcoin would have dipped to below $200, no matter how much FUD is generated.  |
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If dollar crashes, no worries I think it would still be able to recover. And until it does, what do you expect the world to do? Do you expect the Sheikhs to accept dollars for their oil and wait for it to recover? Do you think no other currency will be able to step up and take its place? |
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HUGE spike in volume out of China over the past few hours. Even more than 2-3 weeks ago. Anyone know why?
How are you measuring volume 'out of' China? If you are talking about volume at Chinese exchanges, these are unreliable because of the 0% transaction fee. It is very easy to fudge volume data. |
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If the price increases 8+% in a day, I might consider that a pump is underway.
Right now, the only pump is in litecoin.
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It's by the greediness of people, even though money helps you to have a good living. Just in the bible says (1 Timothy 6:10) For the love of money is a root of all kinds of evil...but money answers everything.  Why would you use the Bible to denounce gold as evil? Between gold and religion, which do you think has caused more destruction in this world? |
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1 Milion Club = Who own more than 21BTC
100 Thousand Club = Who own more than 210BTC
10 Thousand Club = Who own more than 2100 BTC
1 Thousand Club = Who own more than 21000 BTC
1 Hundred Club = Who own more than 210000 BTC
50 Club = Who own more than 420000BTC
21 Club = Who own more than 1000000BTC (Only Nakamoto i think)
This doesn't really matter when Bitcoin is worth only $300. Maybe when the price increases ten fold or even hundred fold (  ), membership of these clubs will be something to write about. Now, anyone can be part of the million club by purchasing a few coins. |
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Investment in Real Estate is a play safe methodology when compared to Bitcoin investments. So I would surely buy a house if Bitcoin Price goes up. For me I have a minimum threshold which if reached by bitcoin I will sell 25% of my stack to buy a house or a land.
Yeah, everyone wants to buy a house and a car with bitcoins, but the problem is will we able to make a payment in bitcoins when it comes to buying a house? I mean do you think that the person who is selling his home is aware about the bitcoins and will accept bitcoins as a mode of payment? What if he demands to pay in fiat?? Time to think.. How does it matter if the person selling the house accepts bitcoin or not? You can convert it to fiat at any exchange and pay the person selling the car / house. |
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Thread started in June. Price failed to hit $1,200 in July. And in August. And in September.
Is OP too ashamed to show up and lock this thread?
why should he lock this thread. aren't the people here allowed to post here in your opinion? op can simply change the thread tittle to be updated again. Why lock the thread? It will be interesting to see how long it takes to hit $1,200... This thread could go on for ever. We could languish in the $300s for ages. |
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We don't know the true volumes at Bitcoin exchanges.  |
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I don't think paper money will be banned, I think each 'concept of money' can coexist with no problem.
it would be fun to have some government bannind them and other no, so you can always exchange for cash if you go abroad i'm very in doubt that cash will be banned in every part of the world, there is heavy mafia running in some country, they will not let it happen... If it is banned by a government, how will you exchange it for cash when you go abroad? That really doesn't make sense. Fiat money (paper or otherwise) derives its value only from the willingness of the government to accept it. |
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I don't think paper money will be banned, I think each 'concept of money' can coexist with no problem.
Unless you become technologically obsolete. For example: Rai Stones |
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Localbitcoins...... Hah. Price displays should be limited to liquid exchanges. This resembles the fat finger moment at the Gemini exchange. |
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Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:
Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?
banning paper money entirely is a bad idea, and many people who dont know what digital currency will have a
hard time trusting it, even those who knows what digital currency still having a hard time accepting it. If you ban paper money, it just means that people will use only credit and debit cards. It doesn't mean that you shift to cryptocurrencies. Cash payments in France have already been limited to 1,000 EUR. http://www.french-property.com/news/money_france/cash_payments_limits |
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Investment in Real Estate is a play safe methodology when compared to Bitcoin investments. So I would surely buy a house if Bitcoin Price goes up. For me I have a minimum threshold which if reached by bitcoin I will sell 25% of my stack to buy a house or a land.
That is an easy decision to make. If 25% of your bitcoin stake is sufficient to buy a house, you get to live in comfort and you benefit from further appreciation of the remaining 75%. |
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In today's world, you need 100,000 bitcoin to be a whale. In 20 year's time, you only need 10 bitcoin to be a whale.
Nope, as the market grows and adoption increases, the depth of the market also will increase. You will need more bitcoins to be a whale in the future. |
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INtegrating bitcoin banks is like the worst idea ever. The idea is to side step the banks and be your own bank. The bitcoin economy doesn't need more fiat coming in necessarily, what it needs is more goods and services comparable to normal economy where things are priced independently of usd.
I don't know " goods and services" in your statement. What is that stand for? " The bitcoin economy doesn't need more fiat coming in necessarily," (but all people definitely buy bitcoin from fiat money first, that's normal in fiat / digital currencies exchange) Nope, all people do not buy bitcoin from fiat money. A lot of people sell goods/ services for Bitcoin. Your signature campaign is a good example. If miners could pay for electricity using bitcoin, and power companies could use bitcoin to pay salaries (and so on), then you would see Bitcoin circulating without any fiat intervention |
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the problem is not the "e-money" ... the problem is the QE associate to this. that's why Bitcoin win at the end. because QE don't serve people. bitcoin serve (and save) people. https://www.youtube.com/watch?v=joITmEr4SjYQE is an extreme form of currency debasement. It is tough for governments to have access to easy money and resist the temptation to take it. Currency debasement has existed for centuries. |
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