You can already notice that the demand for anonymous cryptos is increasing but it's just the beginning. You can be sure the demand will be bigger in a near future. People are looking for more and more privacy, each having their own reason. These altcoins are offering what Bitcoin doesn't have. The potential for them is quite big compared to the average altcoins.
But still,bitcoin holders can use mixing services so that no one would be able to trace their transactions.It is for the reason that still most of big whales hold bitcoins,otherwise they would have shifted towards altcoins like monero,zcash.But its still a surprise to see that most of people who need anonymity have not yet shifted to such coins. |
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Actually i have read a couple articles suggesting that the introduction of futures trading might affect the price of bitcoin in a slightly negative way. This is because the new traders that will come into the market with futures will have the ability to short it much easier than the already existing traders. Shorting means the are going to be on quick sells and falls in the price, these new traders are more of the traditional traders and have access to much more sophisticated equipment and date in terms of trading. They will also bring in large amounts of money to the market and with that comes stronger ability to affect price changes. Having said that it could go either way but if they want they could change the market sentiment in a matter of minutes or seconds.
Yes,there would be huge manipulation of bitcoin price by speculators.Since bitcoin futures is cash settled,bitcoins could be delivered even during the expiry date.So,even bitcoin price could crash just as it happened in 1600s in tulips which were also sold on contracts without actually owning tulips. |
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Bitcoin was actually created by satoshi nakomoto and he created it as a currency which could be used to send money P2P without the help of banks as intermediary.It was set that there should be only 21 million coins to be available.New bitcoins were generated by a process called mining which is solving mathematical algorithms to enable bitcoin transactions to get confirmed.Till now,16.5 million coins have come in to circulation and only 4.5 million coins yet to be mined.
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We all know that this year we experienced bitcoin surging up so high from $1k in January then on this month of December it almost touch up to $20k. So, do we have to expect more on Bitcoin just like this in the coming years that will go through?
For me I think I will be positive as this years has and hold the Bitcoin that I have right now.
Yes,we could expect years even greater than 2017.The reason is that media exposure is getting more day by day and more wall street companies could enter the bitcoin market in future.Most of investors are eagerly awaiting for 10th and 18th of december for bitcoin futures to get listed in exchanges.That's why this price hike.Also,we could expect more wall street companies entering bitcoin market. |
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It would affect the bitcoin market positively in the short term and negatively in future as it may crash just as it happened in tulips.But what we could see now is that most of the investors are excited about price hike.Some term it that crash could happen like tulips while some others say that there would be no negative effect sincpetrolfuruoil futures is there and it has not affected the oil prices.
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There would arise no difference in naming bcash as rogercash.Whatever the name be,its just a shitcoin pumped vigorously in the history of altcoins creating new records.Roger ver ang jihan wu would have already filled their pockets with huge load of money.It really made many bitcoin enthusiasts afraid when it got highly pumped reaching ATH of $1800.It's just a trash coin and no need to give any importance to it.
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You are totally right,but what about quantum computing?I`m not an expert and i don`t know much about it,but will the more powerful quantum computers help for bitcoin mining and reducing the insane electricity consumption? I read threads here saying that quantum computers will destory mining and cryptocurrencies.Is that true?What about LN or Segwit?Will they reduce the electricity consumption and make transactions instant?We might have to sacrifice bitcoin decentrlalization for a more efficient way to handle transactions.
Exactly,Quantum computers are a real big threat to bitcoins in the future.It is said that quantum computers would be able to read the private key of a bitcoin wallet from its public key and so,our bitcoins in the wallet might get compromised. I think that nano chips must be used in future so as to cut the electricity charges downloadyAlso,if lightning network gets activated,mining cost May come down. |
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Not every one who holds bitcoin would be ready to invest in other crypto currencies which are highly volatile and lose their investments.No one could guarantee them that crypto currencies would give profit only.That's why,they feel comfortable by just holding their bitcoins which surprisingly gives them very huge returns.
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Most of cloud mining firms are scam nowadays.So,genesis cloud mining firm could be suggested as it is found to be legit.Three plans are available based on the hash rates.
But what should be considered is that even the initially invested amount would take almost six months to get recovered.
So,i would suggest to better invest in bitcoins and hold or invest in altcoins and do trading.But if you need passive income,then just go with the first option.
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what an unreliable system. and no one helps unless something for them.
Actually when you send bitcoins with very small transaction fee,even in normal days it would take more days to get confirmed.And now the problem is,with already 220,000 transactions stuck being unconfirmed and you have sent a transaction with very low fee,so it makes the situation more worse.Even i have to receive a payment from my signature campaign before two days.At first,it showed unconfirmed transactions in my electrum wallet and now,its not even showing the transaction itself.So,i'm too just waiting.So,you just wait.Let's hope the best. In such cases when your transaction gets stuck,you could just post your transaction id in any of the free acceleration services which could be found in the service section of this forum. |
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We all know the advantages of bitcoin, but I haven't heard the opposite side of bitcoin. Does BTC have any disadvantages???
One of the disadvantage of bitcoin is that it has not yet been accepted as a payment option in retail shops.Also,the congestion in transactions and even now almost 220,000 transactions are not yet confirmed.This feature also stops bitcoin from reaching the stage to be accepted as main stream of payment. |
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RIP Bitcoin  To be honest i really dont like with bitcoin price right now  My plesure to see bitcoin price sink to the ground  not hate Bitcoin just hate the price movement, just to ridiculous It going into the ground hurts us all, no matter what coin we're in. Like it or not every coin is tied to Bitcoin's fate. I definitely don't want to see it crash and burn but a correction is needed. Either we have a small one now, say back to 12k, or the pump continues and we have a huge crash and Wall St laughs at us. At the moment we are adding fuel to the fire ready for when they try to burn Bitcoin down. Yes,the price rise makes me too scary.I'm just waiting for a correction since it would be the best for bitcoin's progress in the long run.Such a high surge in price within a small duration is not good for progress of any asset or stock.I hope that it would soon drop to $10,000.I hope that everything would get settled after bitcoin futures get listed in exchange. |
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What do you think will happen with the bitcoin rate when it will be completely mined? I've heard quite opposite opinions on this issue.
And some (like me) believe that nothing will change for a long time after this.
When the last block would get mined and the last bitcoin coming in to circulation,then there would be no more bitcoins available in the market.But still,there would be an increasing demand for bitcoins due to newbie entering the market.This would result in very high increase in its price.There would be a huge scarcity for bitcoins. That's the main reason that bitcoin is free from inflation since it has finite supply unlike US Dollars.That is also a main reason for which more investors buy bitcoins with huge trust. |
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Hi,
I think something big is going to happen to BITCOIN. I dont know what it is, but I know for sure one thing, once it happens all people will say "the signals were there, it was easy to read at that moment, but nobody did".
Samething it happened with the tulips fever, The Wall Street Crash of 1929, and the subprime mortgage crisis. Now we know what people did wrong and we wonder "how people didnt see it then?".
It's happening again, and most of the times, its always bad for most of the people.
Be careful.
You are absolutely right.I'm also afraid of the same thing.A possible crash in bitcoin just as it happened in Tulips in 1600s which were too sold in contracts.The price went very high an suddenly crashed when one of the seller was not actually able to deliver the tulips during the end time of the contract. But i feel sorry for the newbies that they have started to enjoy the price rise and they too may get crashed when bitcoin price gets crashed. |
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On friday,US regulators finally gave approval for bitcoin derivatives to be traded on two regulated exchanges CME and CBOE.This approval has opened bitcoin trading to large number of investors who had been unwilling to buy bitcoins on other exchanges.
Its expected that bitcoin price would reach very high peaks during that time and for that reason,many have started to buy bitcoins.
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Nowadays,it has become a new trend of hard forking bitcoin frequently.
All credit goes to the bitcoin antichrist Roger ver.He was the first to create BCH by hard forking.Later,some miners found it as a new way of getting quick profits.Some miners join together and just hard fork bitcoin creating a new coin such as bitcoin gold,bitcoin diamond,etc.
Nowadays,it seems to be much easier to hard fork bitcoin and create a new coin instead of creating a new altcoin.
Its not good for the reputation of bitcoin and people nowadays have left their attitude of showing huge interests on such forks and air drops.
But bitcoin core remains the true bitcoin and it would remain unchanged.
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Its true that bitcoin is nowadays used as an investment more than as a currency.But still we could not deny that it is still being used as currency also despite its higher fee.People have found it as a safest means to send even huge amounts to even abroad without consent of any government.So,they are ready to pay such fee when they find it still low when comparable to other means of payment.
More over,segwit was activated to solve this issue and it was solved a little bit but did not give desired results due to greediness of some miners who sent spam transactions and mined empty blocks.Still,if lightning network gets activated,then this issue would be sorted out.
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Robots can't do all the jobs especially the complex jobs.Combined action of both would make much difference.But they would definitely lack development in artificial intelligence.Whatever developments we have in robotics field,still they would need human supervision to deliver results.It could be used only in certain fields.Moreover,it couldn't be used for complicated medical fields where a doctor with human feelings is needed to understand the feelings of a patient.
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And the exploitation of Bitcoin has become a tool to rescue the people of the country because they can take advantage of low electricity prices to exploit.
Venezuelans have found bitcoin as the best source of income to meet their daily needs.In Venezuela,subsidized electricity is provided.So,Venezuelans make use of it and earn for their their livelihood.It's illegal to mine there but still,they mine bitcoins in their home secretly.Police continue arresting bitcoin miners but it's being continued. |
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Coupled with the rate at which the price of bitcoin has been increasing lately. I'd like to know how long it would take bitcoin to reach $25k since it took it just a year to rise from $1k to $10k(which was pretty cool and fast) but I doubt if it can rise as fast as that again
I hope that it would take almost eight to twelve months to reach that price.One of the reason is the interest which wall street companies show nowadays in bitcoin.Another reason is people have understood well that neither BCH nor any other forked coin could be considered as threat to bitcoin.Also,the high media exposures acts as adding fuel to the fire. |
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