Mainly, the bitcoin's price is influenced by supply and demand. Although it is influenced by supply and demand, it can be influenced by other factors too. Happenings in the real world also affects bitcoin like trump getting elected so in short, it can be affected by politics too in some way. Supply and demand sometimes can be manipulated by the news too so news influence bitcoin market too and is a big part to consider in analyzing bitcoin's price movements in the future.
|
|
|
By 2020 I think there might be only 2-5% of the world's population that use bitcoin since many of the world's population especially poor ones cannot afford a phone or a pc with internet connection to use bitcoin on a daily basis. Unless there will be a way to use bitcoin offline without having to use internet, the probability of having 5% more than the world's population using bitcoin by 2020 is still a pipe dream.
|
|
|
In my opinion bitcoin is not even as popular as US Dollar yet. I think it ain't since it is not widely used right now by many people only a percent of the world's population use it but many knows it but thinks of it in a bad way. US Dollar on the other hand was trusted by many since it was fiat currency but soon in the near future though bitcoin might be more popular than US Dollar but it is still a possibility in the future.
|
|
|
For me there ain't that big of an effect that will happen if ETF was denied. The current pump might not be because of it since many of the investors would be so smart as to stay away to bitcoin since they don't trust it that much unless ETF will be approved so all in all there will be no dumps that will occur after ETF has been denied if there is well it will not be because of that but because of the opening of Chinese exchanges once more.
|
|
|
IF OP have really bought bitcoin way back when he posted this thread and even months before that, Im sure by now he is smiling and had a huge sum of profit from his €1000 investment. Don't hesitate OP to rebuy back again if you feel like it when the price dumped you can just buy the amount you have sold or you can go all in with what you have gained from selling now. I just hope that you have left a little amount of bitcoin that you owned since there is a possibility that it might go up or down again.
|
|
|
ETF approval to me means that bitcoin's price will continue to rise and it might drive it to the new all time high. It will be a way for many to recognize bitcoin not as a means that is used as illegal as what many others is thinking and they will know that bitcoin can be used for good too and to ease lives that might cause a really huge impact on the upward movement in price that we experience right now.
|
|
|
On 9th march, there might be no certain happening that will happen to bitcoin and it might be back to normal again but two days after that, In my opinion we will see a dump again if many Chinese traders panic sell because of something that will happen after 9th march or we will see bitcoin's price manipulated again. It really depends on the BTC ETF's application approval or disapproval if it is approved we might see yet another upward movement in price but not that big but if it is denied we might see another dump.
|
|
|
Banks right now are investigating the blockchain technology and what your friend meant about blockchain will be commercial is that it will be used by banks, institutions, and many more in the future to lessen their expenses and minimized their profit. It might also be used by money sending services in the future to ease their money transfer. If this happens though crypto-currency will not be the only one using blockchain tech, and those people who use bitcoin for easy transfer might switch into using banks and money sending services again.
|
|
|
Well for me investing and holding bitcoin long term if you got a really really big capital is just as good as investing to sites etc that in the end turns into scam anyway. If you got big sum of fiat to invest in bitcoin you can profit at every price movements bitcoin makes so when it pumps you sell and when it dumps you buy. That's how the process will work you just need to be good at predicting bitcoin's price and your okay and also you must have knowledge about it.
|
|
|
Bitcoins value as far as I know is based on the demands it had and of course the buying and selling of people who use it on free market. Since it is running in a free market it is very volatile and it's real value is fluctuating but I know someday bitcoin will be worth more than what it is worth right now. Altcoins in my opinion their values sometimes are based on hypes and to those who trade it since it is also on free market but the difference is that if there is no hype in that particular altcoin, it's price won't go up.
|
|
|
It makes sense why they would do that since it is easier to get returns on bitcoin than on gold. Waiting just months with bitcoin when you bought low will give you a good enough return on your investment while in gold you need to wait for years to get a good return from your investment. Gold may be traded since ancient times but today it has not lost value but it isn't that profitable at all since short term trading with gold is sometimes hard.
|
|
|
The post was made january last year and I think this was just a FUD by Mike Hearn that time to make people dump all the coins they got. Also, if bitcoin were really dead by that time, why would we still be here? while someone is still using bitcoin for payment and transactions it would not die. It would also not die easily even if it dumps, and we have seen that many times already. Because of this, I have answered no in the poll.
|
|
|
For now I don't have a passive income that I do since all involves risk. One of the less risky ways though that I know is via investing on gambling site's bankroll like what moneypot or crypto-games feature but it is still risky since if a player got lucky you lose some of your investment which is like playing a gamble passively. Also there's POS coins but there are big risk too since if it's price falls down, you won't get any roi at all.
|
|
|
I really do hope that world war 3 would not happen but if it is, I think bitcoin might be worthless since it can't be used without proper internet connection that will surely be out when world war 3 broke out. Economy will also suffer if this happens but probably food, guns and other deadly weapons will rise in terms of price because the demand will also rise.
|
|
|
Paper money might still exist in the future since it has long been trusted by many to be used. There is also a possibility that fiat currencies in the future are in the form of crypto-currency, digital currencies that will be backed by government and not bitcoin since they like their currency to be controllable by them, the government. There is a chance that bitcoin is still alive at that time but it will just be another payment method online.
|
|
|
I would not invest in a MLM scam in early stage even if there is a chance of getting profit from it since some needs you to promote first and get some affiliate to get some profit from your investment and I wouldn't want to do that. The best thing I can do against these MLM scams are to not invest in them even if we know we can profit from them to stop them from scamming many people if there are there would be less people who lost money.
|
|
|
In my opinion there are no such investment opportunities in bitcoin unless those investment sites that turns into scam later on. Cloudmining sites also turns into scam. I wouldn't consider investing on a casino's bankroll since there is a great chance that you will lose money here if a player got really lucky. It is worth a try though since you might earn passively.
|
|
|
Running a bitcoin faucet might be profitable if you use a free hosting site to host your faucet. If you did not host your faucet using free method, it will not be very profitable since you need to pay hoating plus the visitors you get when entering faucet that would be hard to do unless you have good income from advertisements shown in the site. If you really want to start, I guess you need to look for a free way to establish your own faucet domain.
|
|
|
Some of them really had success in their business since if the price rises they had lots to sell. Although there are some who succeeded there are some who lost money. It really depends on which service/goods they offer. If their service/goods they offer are on demand for a bitcoin user, then they had success in business by now if not then they have lost money and maybe closed up shop now if they are losing money in bitcoin business.
|
|
|
I think China want to keep the price below 1000 US Dollars I think to stop their citizens from using it after all tax from using yuan is the main source of income of the government and if the people stops using that they would have lesser income. Maybe China also wants to buy cheaper bitcoin because many Chinese are money minded and as well as their government, and they see bitcoin as a good thing to invest too so they try to make the miners and traders in China dump their coin.
|
|
|
|