Competition is good for business but ethereum is far from dethroning bitcoin because the future does not guarantee its gain in value and eth network has not been fully tested and loaded to see how well it will hold up. If only btc transactions with low low fees could not be broadcast on the network am sure this scalability problem would not have happened.
Yeah... I also don't understand the mad rise in Ethereum exchange rates. The number of users for that currency is much lower than that with Bitcoin. And in addition to that, every now and then new bugs are being discovered. Apart from the faster confirmations, there is nothing in Ethereum which justifies a market capitalization of $40 billion. |
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World war 3 will also include massive cyber attacks and hacking wars. Some countries are employing army of hackers in preparation for this kind of warfare.
If that is the case, then be prepared to live without internet.  How can a particular country prevent hacking attack by the outsiders? Should they cut the internet connection to the other countries, and restrict the access within that nation? But even this won't be fail proof. There can be foreign spies and hackers residing in that particular nation. |
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Good for Litecoin
The Chinese going to make Litecoin their primary coin from current Ethorium, just like the Russian and Korean making Ethorium their. The Chinese will dump Eth when is the right time to switch for Litecoin.
I really doubt that it is going to happen. During the past 2-3 months, I am not witnessing any increased demand for Litecoin from either China or Hong Kong. On the other hand, the Chinese investors are buying up Ethereum and Ripple like crazy. In China, the ETH volumes are almost equal to the BTC volumes. |
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I don't think this is a right way of looking in to it. Suppose one particular altcoin is priced at $0.5 per coin, but there are 100 million coins in circulation. Another altcoin is priced at $5 per coin, but there are only 1 million coins in circulation. Now in my opinion, the second coin is having a greater opportunity for a price rise, since its market cap is just $5 million (compared to $50 million for the first one).
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Yes I also hope that way, in 2020 hopefully ETH able to have a price like BTC.
In order to achieve that, the alts must be able to exist independently from Bitcoin. That is not the case now. The altcoin exchange rates are directly linked to that of BTC. The alt-fiat trade is much lower in volume, when compared to the alt-BTC volumes. This itself reveals one of the major vulnerabilities of the altcoins. So, altcoin prices follow the Bitcoin trend. If bitcoin rise then altcoin will go down ?? Is that true? Till now, it has followed this trend. But the rate of increase/decrease depends upon the popularity and demand for that particular altcoin. For example, during the past two and half months, Ethereum rose by more than 700%. For comparison, there was only a 180% rise for Bitcoin. Some of the other altcoins even recorded 2,500% to 10,000% increase during the same time. |
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Billionaires tend to invest in the assets with good future , as bitcoin is the most valuable asset now , they will definitely come and invest in btc
One of the factors which can act against Bitcoin is its volatility. The super-rich are more interested in maintaining their wealth, rather than increasing it (at least 90% of them). Bitcoin is a very risky investment, and although there is a good chance of getting a profit out of it, there is also a very significant chance of losing all of your investment. |
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This is a foolish step from the Chinese government. If they create issues for the miners, then they will just move to some of the neighboring nations, such as Mongolia and South Korea. In the end, the government will end up losing the valuable tax revenues. I am not sure whether the issue is specific to the province of Sichuan, or if the issues persist at national level.
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My advice would be to ignore the fee. Just use a reliable exchange such as Bitstamp or Btc-e. While trying to save 0.1% or 0.2% of the total amount, you may be putting the entire capital in risk. 5 million USD worth of BTC is quite a huge amount. If I were in your place, I would be willing to pay even 1% fee, provided my coins are traded safely.
Thanks for that, bitstamp is looking like the winner then. Yes. Bitstamp is one of the more reliable exchanges out there, and the fiat withdrawals are fast and trustworthy. If I am not wrong, they have never been hacked, and they operate with all the necessary permits and licenses. I don't use Bitstamp that much, due to their ID requirements. Also, where I live the local exchanges usually offer better deals for Bitcoin. |
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I think 2017 is the best year for bitcoin and altcoin. Should we say that prices cryptocurrency climb, bitcoin hit $2900, byteball hit $700, eth $400 and almost, I will save and choose both but I will separe 35% for bitcoin and left for altcoin.
It is the increase which matters the most. Those who invested their money in Bitcoin will be the unhappiest lot, with "just" 180% returns in a time span of 2.5 months. On the other hand, Ethereum gave 700% returns and Ripple almost 2,500% during the same period. Even ETH classic gave a ROI of around 800%. But just remember. 180% in 2.5 months is not possible with equities or bullion. |
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the fees are very bad right now. today when i was withdrawing some coins(around only 0.0025+) from yobit exchange and it cost me with 0.0017btc+0.00067btc service charge. i mean i have to pay double of my money to being able to use it. thats 100% disgusting. and even after that i have processed the transaction and it takes around 30 min to get 2 confirmations and now my money is stuck. i have requested a refund and it will take around two days now.
Micro-transactions are no longer possible with Bitcoins. Even I have stopped receiving my payments of BTC0.001 from a-ads. It is affecting a lot of people. There are only two solutions. Either wait until the amount accumulates to BTC0.01 or BTC0.02, or to use an altcoin which is having faster confirmation time. |
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Although the price skyrocketing bitcoin and make everyone turn their investment into bitcoin, but I recommend to continue using gold as a major investment, this is because the gold price will never drop to 10% in a month, but the bitcoin is always.
You can't be so sure about gold. In the past there were a few occasions where the gold priced dipped more than 10% during a single month. But it is still far more stable than Bitcoin. But as the market cap of Bitcoin increases, the stability will also increase. Right now, the market cap of Bitcoin is just around 1% of that of gold. |
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For me bitcoin is better than the other choices bitcoin has something that gold can't have,,, bitcoin also doubling its own value in just a year based on what happening right now also bitcoin is decentralized unlike gold that government hold.
A few year back, gold prices also underwent more than 100% annual increases. So you can't say that only Bitcoin is doubling its value. And how much gold is being held by the governments. I really doubt whether the amount is higher than 20% of all the available gold. For comparison, a large part of Bitcoins are being held by a few hundred individuals, many of whom are early adopters. |
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The situation has been over-hyped and some individuals have used it to tarnish the reputation of Bitcoin. Look at the number of unconfirmed transactions. It is around 35K right now, and it has remained at the same level for the past 48 hours. And a few hours back, one of my transactions got confirmed within 1 hr, after paying a tx fee of just around 40 Sat/B. So the situation is not as bad as it sounds.
You are missing the main problem here. The miner community just can't agree on the solution/development method which can carry bitcoin to a higher level. If bitcoin stays like this forever, sooner or later it will be outdated by something else. ETH is already very close and if bitcoin don't get an upgrade soon, eth will overtake its position. If it wasn't ETH, something else was going to do the job anyway. I am not ignoring the main issue. I agree that the block size limit is going to be a major impediment for the future progress of Bitcoin. But I am saying that all the hype about the delayed transactions are not that honest. Transactions are getting confirmed pretty quickly now. But yes. I agree that we need a solution without any further delay. |
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Anyways, multiple problems Bitcoin has should be fixed soon with updates like Segwit, ETC!
The problems with Bitcoin will remain for the near future. There is still no consensus between the users and the miners, and proposals such as SegWit is not supported by a large section of the miners. Either Bitcoin will grow despite these issues, or it will die a natural death. I'm curious about the natural death part Would Bitcoin turn into a shit coin? That's unlikely, so how do you fancy that, in practice? Regarding the questions raised in the OP, I think this is quite possible, really. In fact, this is what I think myself. If the issues that Bitcoin faces today are not resolved in a more or less peaceful way (as far as it can be possible at all), Bitcoin may suffer badly, and people will start dumping it either for fiat (for good or at least until the dust settles) or for major altcoins. I don't know about Ethereum, but if Litecoin gets enough money invested in it, it may well take Bitcoin's place I don't think that the current issues can be resolved in a "peaceful" way (i.e with consensus). So I assume that in the future there will be ugly quarrels. And something similar to what happened with Ethereum earlier (the emergence of Ethereum Classic) can occur with BTC as well. There can be a split. This is going to result in complete chaos and the alts can benefit out of it. |
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The situation has been over-hyped and some individuals have used it to tarnish the reputation of Bitcoin. Look at the number of unconfirmed transactions. It is around 35K right now, and it has remained at the same level for the past 48 hours. And a few hours back, one of my transactions got confirmed within 1 hr, after paying a tx fee of just around 40 Sat/B. So the situation is not as bad as it sounds.
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My advice would be to ignore the fee. Just use a reliable exchange such as Bitstamp or Btc-e. While trying to save 0.1% or 0.2% of the total amount, you may be putting the entire capital in risk. 5 million USD worth of BTC is quite a huge amount. If I were in your place, I would be willing to pay even 1% fee, provided my coins are traded safely.
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I respect his personal opinion about the future of the crypto-currency. At least he didn't badmouthed Bitcoin by calling it a drug dealer's currency, as someone else did a few days back. He may be having his own reasons and theories to distrust Bitcoin. But then, Ray Kurzweil is more known as an author, than as an investor.
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This is unbelievably high! Seriously? BTC0.0025 is equivalent to almost $7 at today's exchange rate, and it is almost 100 times higher than the average transaction fee three months back. Personally I have nothing against Kraken, but I would advice them not to exploit the recent delays in confirmation. Anyway, let's see the reaction from the other exchanges.
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I like his confidence. Personally, I would never take such a step, as I am a firm believer of diversifying our investments. But I will never discourage this particular investor. In my opinion, while doing investing, you should listen to your heart and brain first, rather than blindly trusting the opinions and analyses thrusted by the others.
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I heard a few names during the past 2-3 years. One of them was Richard Branson of the Virgin Group. In 2014, he termed Bitcoin as one of the profitable investments. Another billionaire with interest in BTC is Li Ka-shing of Hong Kong. Around 3 years back, he was reported to have invested several hundred millions of USD in the digital currency.
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