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I think more important here is the fundamental. As long as we can see wider adoption and more people joining bitcoin, the buying support will always be there. Thus no matter how hard the bears tried to push the price down, it will just be artificial as slowly it will go up again due to strong underlying fundamental.
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This is why it only make sense to look at it as long term investment.
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OP is a perma bull so I expect that to be a buy signal.
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wow, Whales need to buy the 50K as low as possible and then they will let it rise
If the bitcoin ended up in the open market, it will cause the price to go down. The whales will need to buy a lot of the coins in order to manipulate that. But most likely if it is bought by btc holders who will continue to hoard, that would be the best. |
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I was thinking who invented smartphone and made a break though to redesign our conventional voice-only function limited mobile to become what it is today.
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People value BTC at rates other than what is on the exchanges (e.g. non exchange sales), but the famous exchanges set the price and everywhere else follows. This monopoly on the price needs to be broken. E.g. if Bitfinex goes down then even Localbitcoins and the US Marshals price goes along with it. This is making the worldwide price dependent on low volume exchange prices.
We can't have a state where there is greater adoption and people are using bitcoin everyday and the price still hinges on what Bitfinex, Bitstamp or Bitwhatever says.
Lots of people (e.g. the third world) can start using BTC and their transactions have little affect on the price. This needs amending.
If a person want to exchange fiat to btc and vice versa.. no matter what they will still follow prevailing market price. That is what trading is all about. Having said that I'm not sure if there is any other way the trend can be broken. Unless you have a community of people living at a remote area totally isolated from the rest of the world and do not have access to internet or even live price feed. Or another way do you actually mean we are supposed to have something like a barter system? |
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Bitcoin will certainly continue at the top for years to come. Fact is right now i just thought that none of the altcoin at the moment could come close to what bitcoin is or worthy enough to replace btc... having said that ripple is no exception. Though ripple looks promising, the idea about it being controlled by a central authority will mean it will function almost like the very same fiat system we have today.
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Looking at the dates, isn't it ironic that all the hacks took place roughly almost at the same time... only about days apart.
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Well the second auction didn't really affect so much on the movement of the price so hopefully this time round, it will be the same as well.
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Could even be all the possibilities. But one thing for sure there's no such thing as bitcoin by itself getting hacked. Needs to clear that up or forever the misconception is there.
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I agree. This guy sure has the brain. Trying to understand how the idea would work out. I supposed every piece of information about a webpage is maintained in a common blockchain.
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Cnn seems to be bitcoin friendly. The documentary done by Morgan Spurlock about living only on bitcoin was great and now we have this.
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Bitcoin is for everyone regardless whether it's for a common people on the street or even so-called elites. Nobody controls it that's for sure
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Probably that is not something for us to figure out or worry about the best possible solution. I wont be around by then. Anyway i hope when the day comes the transaction fee will be based on bitcoins worth not in dollar's worth of equivalent value. So setting a $10, $100 or whatever value in dollar might not be relevant by then.
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I think it's a good marketing tactic that also benefits bitcoin. If you pay small amount in dollars people might not take notice. If you pay in bitcoin as in a different currency, customers might be asking about it. participation especially from the bitcoin community will also help popularize the program. Either way, bitcoin gains as well in terms of more exposure to the general who have no idea what bitcoin is
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I suppose if the logo is not trademarked anybody is allowed to freely use it or even to the extent of modify accordingly to the nature of their business. Last thing businesses want is legal lawsuit just because they use the logo indicating they accept bitcoin payment.
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Another one? Mere coincidence. Or hacker has found a way to exploit loopholes in exchangers.
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There were conflicting statements on the launching date but I hope it can be approved by early of 2016. On the effect on price, I expect it to be positive. Though investors are not directly getting into bitcoin but any investment into traded fund related to bitcoin is still more or less similar like what you are investing into bitcoin.
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For certain people price swing probably 10-20% is a good chance to make money but you will never know if you sell today what if the price goes higher and you will never get the chance to buy back at lower price. That's the reason I'm still holding regardless of the price swing.
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Well at times these trolls do make you laugh. It's just whether you want to buy into what they say but I believe those who did were the ones who don't really understand the fundamental and future of bitcoin. If only everybody thinks positively these trolls will find themselves wasting their time for nothing.
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