Yes. Bitcoin will continue to go higher up in value. With more countries joining the bandwagon it has to go up. Personally I think China will draft a fresh policy to allow Bitcoin trading in the future and will try to regulate it.
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I think so, maybe even down to 1k. At the moment it doesn't look good for btc.
The bubble had to clap apart some day..
I think this is something nearly impossible to happen in the coming days. We never know what will happen in the future and that is absolutely right that future is uncertain and we cannot predict what will happen next. But saying this that it will drop to such a significant amount will be something unjust. It's holding steady for the last 3-4 days. Let's see how it goes. Personally I think it will fallback to $2800 levels before recovering again.
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To be honest, if Litecoin was going to surpass Bitcoin or even Ethereum, it would have done so by now. It is an old altcoin, created 6 years ago. Some of the better privacy coins might stay in use for some while, but I think that the nature of Bitcoin will be that it might fork when benefits are clear and obvious. By the nature of blockchains, it doesn't really make too much sense for multiple of them to exist at the same time. Altcoins simply don't have the support to make too much hardforks probably, since people might just want to make a new one instead and profit more.
So in your opinion are there any new altcoins on the horizon which could challenge Bitcoin or Ethereum? In my opinion, no. If that happens it will probably be a big collaborative effort from the start. I don't think that such a coin would start with a small group and low adoption at it's infancy, it would most likely be a big portion of people and developers from Bitcoin and other projects, they would join together to make a wallet that is as secure and reviewed as Bitcoin Core and a new protocol that is superior to it. However, this does seem like it would most likely just be a hard fork of Bitcoin, since people owning BTC would also back this up. Big profits, like the ones that happened with Bitcoin are only there when something big happens. They don't happen if it is just some new altcoin, someone had a good idea and it blows up like that. The idea has to be amazing, revolutionary, bigger then anything else in that area before it, not just better, but more of a ground breaker. Cryptocurrency is an amazing tech, it is so much more complex then fiat, it is truly revolutionary and still it exist for over 8 years and all of them combined are having a hard time battling fiat. It grows, but it is nowhere near having even 1% of the market. It is really hard to take down an established system. At the moment a few Alt coins are holding steady like BAT, ARK and TRST.
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news!~China approves bitcoin!!! weeeeeeee I bought a few fractions while the markets were low last week. Should have bought more. Didn't expect such a fast recovery.
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The Chinese Govt. should have said that they'll create a controlled environment to sustain Cryptocurrencies. Taxation and investor protection could have been some measures built into it rather than outlawing the entire concept.
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I attribute the current downfall to three reasons:
1) China market uncertainty related to future of Bitcoin Exchanges 2) People selling coins after reaching $5000 mark to rake in profits. 3) JP Morgan's CEO statement against Bitcoin.
This is just a above average Technical pull-down situation. The value will again go up once people start buying more.
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I think in the present situation it (war) will bring a positive influence on the BTC prices.
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Hong Kong regulators have now issued a warning about ICO's: http://www.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=17PR117As digital tokens involved in ICOs are transacted or held on an anonymous basis, by their nature they pose inherent and significant money laundering and terrorist financing risks. The SFC reminded licensed corporations and associated entities in its 16 Jan 2014 circular7 to take all reasonable measures to ensure that proper safeguards exist to mitigate these risks. Investors should also be mindful of the potential risks involved in ICOs and investment arrangements involving digital tokens. As these arrangements and the parties involved operate online and may not be regulated, investors may be exposed to heightened risks of fraud. This feels co-ordinated. First China bans them. Then South Korea says it is thinking of banning them. Now Hong Kong issues a warning about them. I wonder if Hong Kong is taking a pot shot at bitfinex? Well, I don't believe in coincidences to be honest. I think it has to be something coordinated, or probably everyone was considering banning ICOs and they were just waiting for someone else to do it first to see how the market would react. Now that they have seen that idiots sell bitcoin too even if it has nothing to do with bitcoin, we are going to see a lot of governments releasing these news of "ICO banned" prior setting shorts on BTC and probably a couple big volume alts, profit from it, then watch it go to ATH. I think all of them has taken this mutual step to stop the fraud which was increasing day by day. Every other day a person starts a new altcoin and start the ICO and get lots of money on the name of investing in ICO, and then run away with all those money. Not all ICO are bad but still its a good move to discourage scan via ICO. Well markets have already started picking up. Total cryptocurrencies have again touched $150 bn value.
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Big governments are catching up with Bitcoin and other cryptocurrencies. And are crushing them.
A couple of days after announcing that Initial Coin Offerings (ICOs) are “seriously disrupted the economic and financial order,” the Chinese government banned ICO funding.
That was certainly bad news for cryptocurrencies, which crushed across the board, with Bitcoin losing close to 10 percent, Ethereum 21.74 percent, Litecoin 24.92 percent, and BitConnect 32.10 percent.
Coin/Investment Trust Change 24H* Bitcoin (BTC) -9.84% Ethereum (ETH) -21.74 Litecoin (LTC) -24.92 BitConnect -32.10
Do you know how dumb that comment is?! Governments crushing cryptos??? Ehhmm NO! It's all about ICOs! Just ICOs! And only in China! There are a few more countries out there I would guess right?! The market is overreacting as we've seen so often when you some news came out which may only influence a small portion of the market in the future. Nothing of a big deal. Just a dip you should take advantage of. That's it! Have you noted that South Korea is following a similar path to China? If it was just ICO's then why would Bitcoin or Ethereum come down? While crushing is a strong word. Cleansing is more appropriate in the China situation
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To be honest, if Litecoin was going to surpass Bitcoin or even Ethereum, it would have done so by now. It is an old altcoin, created 6 years ago. Some of the better privacy coins might stay in use for some while, but I think that the nature of Bitcoin will be that it might fork when benefits are clear and obvious. By the nature of blockchains, it doesn't really make too much sense for multiple of them to exist at the same time. Altcoins simply don't have the support to make too much hardforks probably, since people might just want to make a new one instead and profit more.
So in your opinion are there any new altcoins on the horizon which could challenge Bitcoin or Ethereum?
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So during the weekend NorKor tests another H-Bomb. Things are heating up this side. Japan and SoKor all feelin uneasy. USA is barking but nothing beyond it right now.
Bitcoin has weakened a bit over the weekend. That is a totally alternate reason I guess.
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Hey guys. With North Korea sending one of their bombs flying over the island of Japan it made me realize what happens to the value of Bitcoin if a war breaks out.
If North Korea attacks Japan will it send the value of Bitcoin crashing down or will the opposite happen?
Let me just also clarify that I do not wish for a war and hope the value goes up in a peaceful environment.
Bitcoin will crash when Alliens attacks us and turn off internet. Why would BTC care of any war on Earth? It will only gain traction since will be a way to trade with people on other side of a front line. You can't say that for certain that value would remain the same, go up or come down. It depends on who all participate in the war and what each of them lose. If USA joins and gets a big impact it will have negative impact on Bitcoin.
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MCO will bite the dust very fast now. There's way too much instability going around for it gain any momentum.
This seems too good to be true.
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It is inching towards $5000 as we speak. Might hit that mark today itself.
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such a war would escalate pretty fast. With china, russia, south korea and japan, such a conflict could lead to a world war pretty fast. I think such events have the same effect on the bitcoin price as on gold. it's value would increase.
but it will also have some unpredictable effects. Will there be enough electrical and hash power to keep the blockchain alive? how difficult would it be to buy something with bitcoin and would it be possible to exchange bitcoin for fiat?
I seriously doubt China and Russia would go to war with USA over North Korea. But it would cause a serious damage to the region, so North Korea will probably not get attacked unless they attack first. In event of real WW3 Bitcoin may go down, since people would be scared to hold something that may become useless in case of nuclear war, but a regional conflict might only boost Bitcoin, since it serves as a hedge against fiat currency and its economy. I think I have to agree with your point. A full scale war would impact Bitcoin's value since people would panic and start picking up physical goods for sometime.
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What about Litecoin, Gbyte, Monero, QTUM, Ripple or others? Any of them have the staying power and more importantly can they pass Bitcoin or even Ethereum?
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IMO, its safer if they put their wealth incase they both go to war cause btc is pegged in usd. If its world war maybe btc will crash cause certainly the internet would be cut off.
Any transgression from NorKor will invite USA. USA has been looking for an opportunity to shut them up. That IMO will bring the value down. How much I don't know yet.
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War is not what we want. Everyone wants to live in peace and happiness. Of course if there is a war then the economic conditions in the world will be destroyed because investors are afraid to save money, they would prefer to save his property in the form of gold and diamonds. That also happens to bitcoin, the financial system will surely fall and also uncontrollable. This is a nightmare, war is a nightmare for all aspects of life. Only a fool would want a war to happen.
I expect there are a few people who are shorting the South Korean won, who would definitely want war to break out. If North Korea makes an outright hostile move against another nation, it will likely be met by disabling strikes from the military of all the nearby nations. Kim Jong Un, in a last-ditch effort to retain power in North Korea even if nowhere else, would respond by doing his best to flatten Seoul. He'd probably manage to destroy a decent portion of the city, which would have disastrous effects on the won - it's already wavered a bit lately with all the tension. That being said, I also think it's unlikely. Kim Jong Un is no madman, and he'd have to be to actually launch an attack first. Trump is also no madman, despite appearances, and he knows he's close to being impeached already. If he loses the support of the rest of the country by starting WW3 with a pre-emptive strike on North Korea, even after every world government has announced that they will not support the US in that situation, he'd be gone as near instantly as things can ever happen with big government; probably a week or two at most. He's already got a pretty substantial case built against him for obstruction of justice, which will only be averted by the fact that Republicans control the entire government and can ignore anything they find inconvenient - and don't get me wrong, Democrats can, and do, ignore everything they find inconvenient most of the time as well. I'm a moderate myself, and simply expressing frustration with the fact that our government is a loud, partisan nightmare that can't legislate its way out of a paper bag. What's your opinion on whether bitcoin would lose value or not in case a war broke out?
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I don't know about Ethereum... Pretty big blockchain, very hard to sync, I always got to a grinding halt when I tried it, more then 10 times. Bitcon always sync up, did it like 2 times, with a 100% success rate. It is also too centralized and their developers like to make very big and controversial changes, that shouldn't work on Bitcoin. Segwit is such a obvious and small change and it is soft fork compared to a hard fork that Ethereum did only to rewrite the valid transactions in blockchain (the DAO fork). Also the PoS system they will implement is pretty untested compared to PoW Bitcoin has. Had more bugs in the clients as well (mostly syncing bugs), when I used it. Not so fluid for use like Bitcoin Core. The adoption is pretty big on Bitcoin as well, that is hard to battle. I think that they focused on features to much and not on security and stability. It is great for development, maybe, but currency is a lot better stable,certain and secure. I mean good luck, but I wouldn't bet on it.
You make interesting observations. Which leads me to believe that it is doable. A better tech down the line might spring up 3-4 altcoins giving bitcoin a run for its money. Every Monopoly gets beaten someday. I don't know how you got to that conclusion I literally just bashed Ethereum on how it is inferior as a currency in every way. I hope you didn't confuse and thought I was talking other way around. I meant that Ethereum is too centralized, too big of a blockchain, too buggy and doing controversial changes like the DAO fork. But if you understood correctly and still reached the same conclusion, then good. As I said, good luck with that Yes I understood you as you had pointed out its major flaws in a few short sentences. Which means there are areas of improvements. Just requires good execution to sort it out.
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