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$270 seems to be the new resistance level.
We have to get past that convincingly.
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I'd say it's currently a bit safer to lend BTC than it was some time ago when the price fluctuated even more.
It might be; but when you think long term, would you be comfortable borrowing btc? I don't think so. |
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taxes would be the only reason for them to tax bitcoin if anything...
What exactly is this supposed to mean?  |
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Technology is driving income redistribution.
If you look at the tech billionaires of today, they are not from established, wealthy families.
Technology has created a new class of wealthy individuals.
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Demand:
1) My experience as a seller on localbitcoins.com tells me that there is a baseline daily demand of bitcoin coming from people who are price-agnostic such as Joe Schmoe who is buying $2000 worth of bitcoin per day for.. something. Maybe remittances. I never ask. But I will tell you that every day he needs $2000 worth of bitcoin no matter what the price is. He doesn't care what the price is. This component of total demand, measured in USD, is inelastic.
Should you be measuring demand in terms of USD? That might not give the true picture. If Joe Schmoe was buying 10 bitcoins a day, no matter what the price is, I would agree that this component of total demand is inelastic. But if he is buying $2000 worth of bitcoins everyday, I am not sure you should be considering this demand inelastic. |
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Doesn't look like your 7 day 500 USD mark will happen.. Unfortunately.
I do see a slow upward trend forming again, let's just hope something like the XT debate doesn't interfere again like last run to 300+
The 7-day doubling didn't happen, but I wouldn't call this uptrend slow. The price seems to be increasing by more than a percent every day.  |
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The question should be if, not when. |
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The price has stayed low for quite a long time. Maybe the fence sitters have been convinced that the price can't go lower.  |
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The bitcoin price was $257 but it dropped now to $254.76
It was so near of $260, i think that i will reach by the next week.
Starting from Monday when people will top up their accounts.
As long it stays over $250, I am happy. A strong resistance will then build for the bears at $250. |
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It is volatile because it is very manipulated and not controlled by any instituion
besides, the market is not really big
Bitcoin market is not big? For me it is quite different. Look at this chart: https://blockchain.info/charts/market-capAnd I don't think that volume of market brings stability. Less than $4 Bn is big? That is chump change. Apple Inc is valued at more than 100 times Bitcoin's market cap and that is just one company. So yes, the potential to grow is huge. |
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Bitcoin can lead the digital world as it is a powerful payment method.
It can not replace the fiat money ever, but it can be one of the top (digital) currencies in the world.
What is needed for bitcoin to become more popular is when big stores implement bitcoin and people will gradually pay attention to bitcoin.
You never know. With all this fiat money printing, maybe someday people will realise how the system is eating their savings. The other think is that the banking system is really rubbish. This fiat money printing has been going on for years now. And all the corporates are cheering it. Some day, this will come back to bite them. |
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What's the next excuse? ETF? i am 100% sure it will be a failure too. No one wants your sinking bags, better sell fast. My bet's those deposits that 'haven't cleared yet' are simply face-saving fiction. After all the hype about 'institutional investors waiting in the wings to buy bit coins,' gotta come up with some sort of excuse, no matter how flimsy, to rationalize the *total* absence of aforementioned, and *complete* lack of interest  I wonder why all these posts are made by newbies with their first post. Maybe it is because they can abandon these accounts when the price starts shooting up again. |
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It has hit $250. Now all we have to see is how long it stays here. |
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I would say the answer to that is the probability is extremely small.
But should we really be so fixated about the price?
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Bitcoin is objectively the best form of money  the problem is we lack the insane monstrious infraestructure of the state, and that's violence monopoly and basically mass acceptance. Those two things are the only things that aren't allowing making 1 Bitcoin = 1 Billion dollars, where it should be if people used the objectively, best, most updated version of money we've ever seen. This is a great chart, I'll be saving this for future reference. But the idea that bitcoin should be at a billion dollars is the type of statement that proves how untethered to reality the bitcoin community is. Just because bitcoin may be an improvement over fiat does not give it such a ridiculous value. There is just one problem with that chart. It is clearly built to make bitcoin look good. The points that are on there are mainly traits of bitcoin that are projected on the other two. I don't see "physical" on there for instance or "tradable on mount everest for a hot chocolate" for instance. It only summarizes postives for bitcoin, not the negatives, which imo should also be done. There is one negative mark against crypto for "sovereign". I don't really think "physical" is a necessary attribute. If you have a million dollars, most probably all you have is an entry against your bitcoin and not physical bills. |
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I can lead you to the fountain of whale knowledge but you must decide to drink of the golden elixir of your own choice if you want the power and knowledge of infinite bitcoin wealth.
How do we get the fountain of whale knowledge? Is Bitcoin going all the way to 260 still? Then what? Bulls will say, it will go higher. The price does seem to be inching upwards; waiting for an explosion now. |
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Bitcoin is objectively the best form of money the problem is we lack the insane monstrious infraestructure of the state, and that's violence monopoly and basically mass acceptance. Those two things are the only things that aren't allowing making 1 Bitcoin = 1 Billion dollars, where it should be if people used the objectively, best, most updated version of money we've ever seen. Those features are true about cryptos in general. So maybe it will be some alt (not Bitcoin) that will be worth a billion dollars as you propose. |
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well i think right now there only 2 possibilities on currency war...
its between US and China as both economic is good..the growth racing between each other..so who will be the winner?
High growth and large economy are not the only factors which make a currency a winner. China has to do much more before the Yuan is taken seriously as an international / reserve currency. |
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This happens all the time. Take a look at the LBC forums. People will charge back if they are able to 90% plus of the time. Traditional financial institutions and PP will almost always side with the party doing the chargeback.
This is not true if the party on the other side is an institution like an exchange. There will be a more thorough investigation. |
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The title should be "Commit chargeback fraud to get arrested". |
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