To me bitcoin is a valuable asset, I don't know how to value it. I consider it same as the human body which cannot be calibrated in terms of USD or with other fiat until the person himself agrees for certain amount for each part. It is all about the adoption and the positive thoughts that people develop upon bitcoin which gives it a value.
I think a decent way to measure the true value of Bitcoin is by its growing applicability in modern society. Yes, there are a limited number of Bitcoins in the world. However, its long-term survivability will be determined by how useful it is to consumers in the global economy. Bitcoin will be a lot more valuable to people if they can actually use it to purchase lots of products and services. The decentralized aspect of it really is pretty powerful when it comes to this kind of topic though. If gold was decentralized, I'm not sure if many people would invest. I've seen more often than not, people are scared to invest in something they don't know about (which is smart). I think that's why it's important that we spread the word about btc. |
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If Bitcoin were to completely bottom out, what would happen to the altcoins?
Follow the crypto superstar to a fiery death? or Skyrocket passed their predecessor?
I believe that Satoshi had a vision where blockchain technology and cryptocurrency would be the foundation of the world. But as we all know Rome wasn't built in a day(unlike bitcoins run to 20k). What if in this vision Bitcoin wasn't meant to be the gold of the internet but rather a mold of what should be created. When comparing bitcoin to its rivals, it is usually at a disadvantage in the technology department yet, it is still the most valued crypto. While Lightning network has been less than impressive, other crypto tech has been stealing the spotlight. Ripple is currently holding the fastest transaction time of roughly 3 seconds(avg. transaction time for bitcoin~60min). EOS while navigating a rough mainnet launch is dropping EON which looks to fundamentally solve problems within EOS. Investors are already talking about EON being crypto-gold in the near future.
Don't give up hope if Bitcoin does take a turn for the worst. Trust the Tech, better days are on their way.
This is hard to gauge right now. It is true that Bitcoin was the founding father in the entire cryptocurrency craze, meaning that its hypothetical death would certainly impact the cryptocurrency economy in a large way. Then again, the rest of the market is very diversely spread out and could potentially receive a lot of support so that other altcoins don't receive the same result that Bitcoin could run into. The way I see it is that there will always be some supporters of altcoins that don't support Bitcoin. It's a huge possibility that the support for a certain altcoin could prevent it from going far down like other major cryptos in a bearish market. |
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The answer is just simple, we all are cowards  . Everyone will like to wake up one day and find out that Btc has reached 50,000. All these people are scared to invest hugely in bitcoin but want to become Crypto millionaire and Billionaire. You ask them why they are scared and they are like crypto is volatile and so on. This is the time to set the record straight make people realize what they are into. If you are scared then there is no need for you to join this amazing fraternity . I would not say that investors are cowards. It's easy to talk a big game and slap a lot of money onto the Bitcoin hype train, but the real world is not nice. If Bitcoin doesn't take off then all that money is gone. Investments require strategy and number crunching, not acts of bravery and nobleness. All investors of Bitcoin have huge decisions to make regardless of how much they put in. Give it some time; the Bitcoin and cryptocurrency markets will be built by the sheer numbers of investors, not the sizes of each investment. |
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The crackdown by social media is mainly to stop scams and shady advertisements from breaking people's trust of cryptocurrency. This shouldn't be a problem for the growth of the cryptocurrency movement since legitimate news sources, word of mouth, and other forms of information sharing have allowed cryptocurrency to bypass the channels of social media and become integrated into everyday speech and conversation anyway. Hopefully, with the deletion of clickbait and sketchy ads, people will trust cryptocurrency even more.
The way I see it now, if you're using social media to spread awareness about crypto, that's better than not using it at all. Twitter can ban all they want, but users will always find ways around these things...
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I have worked to get $2000 worth of money and I am planning of investing in bitcoin but my uncle is pressuring me to save the money at bank. I have done everything to convince him but he is not comprehending to my point. Please what do i tell him again to convince him?
If you're going to even consider investing into Bitcoin, now is probably a very good time to do it. We're currently in a trough, meaning that the value of Bitcoin can pretty much only go up from here. If you wait or have second thoughts about investing, the value will have increased by the time you decide to invest. Therefore, it would most likely be in your best interest to do so now if you are even remotely thinking about putting down money into Bitcoin. You could also move into a few safer investments like the stock market and mutual funds. They could potentially be the middle ground between you and your uncle. |
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I came across a quote made by someone on this forum which goes like,'An open mind is one of the best assets when it come to cryptocurrency'.
This quote got me thinking, to make bitcoin (cryptocurrency) grow everyday in relation to clearing all misconceptions people have, we need to share our little knowledge about bitcoin on this forum. Sharing of knowledge will create an atmosphere for people to be open minded and also help newbie investors to understand the crypto world and the market. I realized there is quite a great number of very helpful people and resources on this forum.
What do you guys think? Do you agree with me?
Exactly. Talk leads to awareness, awareness leads to action, and action leads to results. The more that we as instigators discuss the perks and benefits of cryptocurrency on this forum and in our lives, the more others will slowly catch on and realize the potential that cryptocurrency has in many industries. The term will grow to become something that all people are comfortable with rather than fear, but this all starts with increased discussion from us, who are the ones who are already familiar with cryptocurrency concepts. It seems like people know of crypto, but not about crypto. We as a community can change that. |
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How many times have you came in a store and asked whether or not they accept bitcoin when you wanted to pay?
Should we do that EACH time we visit ANY store?
Would we create a huge advertisement for BTC that way?
Would stores start accepting it when they encounter a couple of people on a weekly basis asking them if they accept bitcoin?
Should we start doing this? o.o
Should we create a community so hard core that asks for everything they pay if it could be handled in BTC?
Well as you probably now, Bitcoin is still being siphoned into mainstream conversation. This means that not everyone is going to know about the workings or uses of cryptocurrency just yet. It's not like people would just willingly switch from forms of payment that they're comfortable with and trust to a system that they can't even physically work with and haven't encountered yet. Give it some time; stores will gradually catch onto the cryptocurrency wave and start adapting to the changing market. |
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Trade war will put pressure on the Yuan and Chinese people will try to get their money outside their country. Due to capital controls they will resort to putting their money into crypto to move their wealth and preserve it from yuan devaluation.
Right now less than 1 Chinese out of 1000 have cryptos.. would they jump into it in masse, this could create an unprecedented demand for bitcoin.
In the past, in times of trade wars, hard assets have done much better than currencies. Traditionally, gold has done well in times of turmoil. But you know what, now we have bitcoin. Bitcoin has a fixed supply. It acts exactly like a hard asset, exactly like a commodity. In the trade war, it does well. I think for BTC an alternative store of value it still needs a baseline value grounded in USD for the moment, but either way, I should probably rebalance a bit into BTC from Gold/ETH. We also have to also look at Trump and what policies he will say in relation to trade wars, since he has a huge influence especially with the US. |
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Bitcoin is currently one of the popular currencies used by people. Even merchants who use Bitcoin as a means of payment also exist in some countries. Bitcoin itself becomes a warm conversation. At its all time high, the Bitcoin price was once equivalent to one troy ounce of gold. With its success, today many emerging similar currencies. Because the price is fantastic, Bitcoin is very popular among the public at this time. With the success of Bitcoin, many currencies are now emerging. Other cryptocurrency examples are Ethereum, dogecoin, litecoin, mrai, dashcoin, and many more.
Cryptocurrency does not have any monetary policy restrictions from any country, so it is simpler to travel abroad. Using bitcoin does not require physical transactions, making it easier for customers to transact. Compared to currency where you have to change your rupiah currency in money changer first, then cryptocurrency is more reliable
There are many conveniences and benefits provided by cryptocurrency, ranging from ease of payment, slowing of bitcoin growth, increasing global acceptance and very easy opening of accounts, but with all the convenience, you have to be careful of using cryptocurrency as a means of payment. There are some shortcomings that you should be aware of like ...
Not all cryptocurrencies can be used as currency
Currently, the most easily accepted as a means of payment is bitcoin. If you 'mine' or use other cryptocurrencies, then you have to be very careful. Do not be fooled by an offer to buy another cryptocurrency.
Not worth investing
It is true that the value of cryptocurrency capitalization increases over time. But the fluctuation is very unpredictable because no one country controls this digital currency. Do not let your inexpensive offer to invest in cryptocurrency. Use it for easy payment or as your side income.
Easy to use for unclear investments
In the absence of a regulator that controls this digital currency, there are also many unclear investments by using cryptocurrency. Ponzi schemes and money games thrive thanks to this digital currency. Beware of investment offers using cryptocurrency. No money is easy to get.
There are many benefits to cryptocurrency, but it's also true if you have to be careful if you want to do something on cryptocurrency, so little knowledge of me, if there is a misunderstanding I apologize as much as possible.
With all the advantages of cryptocurrency, you might wonder why the entire world doesn’t produce it and use it for transactions. Because, like everything in life, there are pros and cons. Although the concept of cryptocurrency, especially bitcoin, is to build a digital and secure collaborative system, it’s true there have been cases of theft and piracy. In recent months, we’ve seen the news of ethereum theft, the second most important cryptocurrency on the market, through the hacking of an Israeli startup’s website. Cybercriminals take advantage of the currencies’ possibilities to make completely anonymous and untraceable payments, and ask for ransom to release stolen data using these digital currencies. |
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I agree with the link that you posted and I do think that you bring up some valid points. However, this is still just speculation and we can’t be certain that Bitcoin will continue the surge in prices that it currently has. Patience is required to see a result coming from the immediate price spike. Also, one thing about this website is that it is run from an algorithm, which, for me, removes some credibility. If there was reassurance from a crypto expert, then we can be more certain that the prediction is correct. However, the best way to go about this prediction is to wait it out and see if bitcoin follows the recent trend that it has had. |
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We have seen 4 steep rises since july 1 from 5800 to 6800. It was our cute manipulator obviously. He rised price and after 10 days price dropped from 6800 to 6300 , everybody wonders why but it was a profit realisation. He sold whatever he collected and gained profit. We have seen similar moves at last months but all that minor trend's bottoms finished lower then previous bottom, so last intermediate trend was bearish before july. What we see on this 10 day minor trend is different, new bottom 6300 is higher than previous bottom 5800. If we assume this cute guy sold all his btcs he has fiat now and can start his steep rises in a few days. So we can expect a bullish intermediate trend is borning.
Many experts are attributing BTC’s sudden rise to a number of high-profile endorsements from the financial world. https://www.forbes.com/sites/billybambrough/2018/07/17/big-for-bitcoin-goldman-sachs-new-ceo-is-keen-on-crypto/The new chief executive of US investment bank Goldman Sachs is reportedly interested in the market. That's an indication that new money is flowing into the entire sector rather than to major currencies only. And it means that the rally may have “legs” before it tapers off. I think that Bitcoin will reduce in value for a little bit but later onwards increase in value once big corporations such as Goldman Sachs and Blackrock start to adopt cryptocurrencies in their current business models. |
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People who parrot the same arguments over and over are really silly.
Bitcoin is valuable because nobody owns it and it has an incredibly track record of being secure.
>b-b-but bitmain
Yeah, Bitcoin is the most centralized right now than it has ever been. Currently.
As time goes on competitors enter the market and hardware gets better across the board. We're also reaching the point of diminishing returns on hardware for mining Bitcoin with the current algorithm.
If you think 2-5 years is a long time to wait for balance you probably shouldn't be in Bitcoin anyways.
Decentralization is the process of distributing or dispersing functions, powers, people or things away from a central location or authority. Because of this, you can pretty quickly differentiate centralized from decentralized. If you say “but they have no profit in hacking it” you miss the whole point of decentralization. You don’t engineer blockchain’s security on does the center profit from exploiting you now. Paypal won’t ban your bank account today either — but they certainly can do it later when they need to. That’s why “nothing-at-stake” and “cost-of-attack” are nowhere as important as just number of entities you need to compromise. |
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The price can stabilize!
I remember 2016, the price went stuck between 500-700 usd for months, so why most people think that bitcoin need to worth a lot and if does not, it needs to worth very little?
Stabilization of bitcoin will lead to mass adoption. Once bitcoin stabilizes, more people will adopt bitcoin as a universal currency and start using Bitcoin in their day to day lives, with transactions and in the market. However, we have a while for Bitcoin to become this widely adopted. Bitcoin will keep wildly fluctuating for a long time, but with patience we may one day see Bitcoin stay in a set price. I also think that the emergence of altcoins also leads to Bitcoin’s price to constantly fluctuate, most likely due to the cryptocurrency competition that is occurring between alt coins to be the top cryptocurrency. |
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Let's say bitcoin buble bursts and it falls to $1
Then I buy 20,000 dollars worth of bitcoin at $1 per bitcoin
And hold it for 10 years
Is it a good idea?
Or will bitcoin fall to 0.00 and never recover?
What can go wrong with this strategy?
There is almost no chance Bitcoin will fall to such a low amount. Bitcoin will never reach $1 in its lifetime because there is so much trading that goes with Bitcoin on a daily basis. I think its better to think more optimistically, where Bitcoin prices may constantly increase in price rather than decrease in price. You should instead make realistic goals such as investing in altcoins at that price or investing in Bitcoin right now and waiting for the eventual increase. The thought you have is similar to someone who thinks that Bitcoin is a get rich quick scheme, but it will take a long time for you to profit the amount you think Bitcoin can get you. Also, Bitcoin will most likely never reach 0 dollars. |
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What do you think about the future of bitcoin at the end of 2018?
I hope that the bitcoin will cost $ 30k by the end of 2018. What's your opinion?
Different people have differing opinions about what the price of Bitcoin could be by the end of 2018. It’s always good to stay in the optimistic side, however. Bitcoin could be at $40,000 at the end of 2018. Ethereum, which I think just touched $500 or is getting close, could be triple where it is as well. However, it can also plummet down significantly as well, continuing the downward trend it currently has. This depends on the market and what the market believes to be true. Various influencers are predicting crazy price levels for bitcoin in 2018, but anything can happen in crypto world. Bitcoin was $1,000 in January 2017 but it went high up to $20,000 in December 2017. The key factor to look out for is the news surrounding a coin. You can tell a lot about how people will react after reading that news and use it to make calls on what you think the price will be soon after. |
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Come to think of it, we said blockchain is bringing decentralized to the world by cryptocurrency and save us from banks , but have we really gotten the decentralized we talking about because I can't imagine exchange taking so much from us through buying the tokens and still not save by keeping our funds in their cares , this makes me think that are we really in decentralized world we talking about or just a mere thinking,
These exchange makes money even more than banks from us, which mean we are enriching someone by doing so,
Do we really need to pay that much for exchanging of token for btc or any other cryptocurrency if some exchange are charging 0.25% and one is charging 0.15% and even offer 50% discount if their token is use to pay for the fees and still record millions as a profit every month and also take more than what miner takes as charge fees when sending out from their wallet like 0.0005 which is equal to 3$ compare with normal fee which is less to 1$ , and if anything happen to your fund they are less concern ,
dont you think we are in centralized crypto market even if we can gain from those token we bought and what do you guys think is the best way to really curb this centralized thing from the world ?
Do we really need DEX to stop this and are we really save in DEX also has some were hacked just of recent .
What do you guys think is the best solution for the fees and how can we really decentralized crypto world ?
I think you're thinking about investment accounts and not banks. Banks are where people store their money, keep it in there and let it grow for a while. Investment accounts are where you can actually trade with your account balance. In those regards, I'd say that overall, investment accounts and services for stock markets are a lot more secure as of now. They're on a much larger scale, and so many more people use them over crypto exchange sites. We still see hacks and security vulnerabilities in some of these exchange sites, and a few might not be as legitimate as people think. I doubt the same thing can be said about brokerage accounts and banks in general. |
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I do not think that bitcoin will be enough if the whole people around the world will going to buy bitcoins. There will be too much shortage on bitcoin supply and this will lead also to have an expensive market price for bitcoin. As we all know that there are billions of people around the world and bitcoin supply is only limited. So meaning to say in the near future there will be a shortage for bitcoin supply and thus will lead to create another dominant coin like having ether as one of the possibilities that it will be the next to bitcoin. As of this moment i am seeing this already closely to happen. What do you think?
Since Bitcoin is finite in number, now is a great time to invest in it. The price is low and will only raise in value. Then, when you next ask the question of whether Bitcoin will have a shortage, you'll realize that there are only a limited number of the coin worldwide, which allows it to keep its rarity. Limited supply is completely necessary for the growth of Bitcoin. Even though the last mined coin is a while from now, it doesn't hurt to think about it now especially if we're moving towards a tech-centered future. It's not far off to see some kind of crypto currency being used as our lives revolve around our electronics more. Investing now could mean making a lot of money. |
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Looking at how BTC is and its ability to increase, I have seen people posting all all over the forum that can I buy now, is this the right time to buy and many more. To me I think every time is the right and best time to buy BTC so we should go on and buy any amount we want to and stop all those post because when you buy now there will surely be a time to come where it will increase in price for you to enjoy it. We can buy and sell anytime and anytime is the best time. What do you think guys? Any suggestions?
I have to disagree with you here. In the current state of the crypto market, yes, right now would be a great time to invest in Bitcoin. This is because we are in a trough and will most likely experience a rise in Bitcoin value once the hype train returns. However, half a year ago would not have been a smart time to invest because the hype for it was so high that it had the great consequence that we all witnessed, which was the huge recession. People need to be smart about their investments and not just jump in. Research is a must with any investment, not just stocks or crypto. |
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This is one of the reasons why bitcoin will never die.
it has nothing to do with believing, supporting, enthusiasts,... it is always about usability of bitcoin and since bitcoin is actually used as a decentralized, boarder-less, permission-less, secure,.... currency it will remain alive and strong. otherwise those who invest and are interested in making profit will go away specially if there is a price drop. I actually do think bitcoin's support is stronger than the usability. The usability definitely impacts the support, however. I think people are gearing up for a resurgence in Bitcoin. Betting on cryptocurrency during a down period is a good idea because there is a high chance that it will rise again. Hopefully, more big-ticket investments such as these will allow the smaller fish like us individuals to experience similar benefits in the cryptocurrency market. With the right amount of awareness, Bitcoin can snowball back to where it was not long ago. |
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This is great to see. We saw the correlation where Bitcoin's value jumped 4 digits in the span of a day, so hopefully with more hype and discussion surrounding cryptocurrency, we can get others to re-kindle interest in betting on altcoins. Talk leads to awareness, awareness leads to action, action leads to relevance. We're on the right path to seeing a surge in Bitcoin value.
The more countries get involved in this topic, the better. With a few more surges coming in the near future, I wouldn't be surprised to see more investors hopping in the mix. Maybe this is the bullish run we're looking for?
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