I believe so, might even double this year but at the rate it is growing right now I think we'll be happy with a nice steady increase instead of peaks and troughs.
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I think this could be the way it will be for the next few weeks, gradually rising and at some point it will stop and drop a bit but nothing major. If you can afford it this price is not that bad, of course you need to decide what you can afford to lose.
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To pinpoint an exact reason would be hard, probably the halving coming up, news of Steam and I think Bitstamp just got their EU wide license so all of this could be the reasoning.
As far as the altcoins I would imagine that people would be dumping their coins to get some bitcoin ahead of the halving.
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We could see this happening, if Steam have it live and people can use bitcoin by this time I think there could be a good bit of bitcoin movement and bring us very close to it at least.
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In the UK I think there is a good bit of adoption, there are a couple of legit exchanges setup which are based in London, there is one major games store CEX that accepts bitcoin payments and pays in bitcoins for your old equipment.
I have seen a few local shops as well that accept bitcoin and we even have a couple of ATM machines.
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I don't have a problem with POS as long as it never comes into force with bitcoin, it is a nice feature and a great way to encourage people to hold onto their coins.
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This might happen, it might not. Nobody really saw Crypsty falling to pieces as it did, maybe Yobit will.be hanging around longer than the rest, they must make a good bit when adding every single coin taking advantage of the early pump and dumpers.
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Really looking forward to see how this impacts bitcoin volume, I would imagine we will see an increase in traffic to this forum as more people get curious about bitcoin?
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I've seen a couple of other threads with a similar question, it is something that a lot of us would like to know.
How you would determine unique users is something that appears to be a stumbling block, a wallet address is no good and even this forum not every user would have come here and even then you can have multiple usernames, it will be interesting to see if someone figures out a way this can be done.
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The best way to earn Bitcoins are buying bitcoins with real money or gambling. The more real money you invest the more money you can make of bitcoin.
Entirely your choice but I wouldn't really be advising a youngster to gamble it is extremely addictive and can cause money issues, there is plenty of time to discover these issues even though some would consider being part of bitcoin is a gamble anyway. There are other safer ways of earning bitcoin such as working for some bitcoin which others have listed already, you could also sell any old goods you have like old mobile phones or other products.
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I think Steam will probably facilitate Bitcoin payments through BitPay. I am more interested in buying games during the holdiay sales when there are massive discounts. I don't like G2A so I will be very happy to get games on Steam with Bitcoin. Now it all depends on if there will be special discounts when shopping with Bitcoin or not.
It would be good if there was some kind of promotion for a little while to encourage bitcoin use but I think it will be just straight forward market conversion rate, who knows, exciting times nevertheless.
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The news that Steam will be adding bitcoin as a payment option will probably have something to do with a rise also.
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This is fantastic news, we should see a rise in the bitcoin userbase I'd think. We might even see a bit of a climb in the price.
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I don't think it is a problem at all, and it will never get to a point when nobody will be able to buy more bitcoin, over the years it may be more expensive to buy bitcoin but it will always be available unless of course every single user holds and never sells.
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I wouldn't really recommend cloud mining at this stage as it can take a long time to reap rewards and is not really that profitable right now. There are also an amazing amount of scams operating and taking advantage of people, i have used Genesis Mining which I believe to be one of the legit ones and it is taking my almost a year to get ROI so don't expect to get rich quick. If you are looking to mine some bitcoin you could look to join one of the pools that are about and then rent some hashrate from sites such as miningrigrentals, there is a pool here which operates at 1% fee and if you hit a block you keep the entire 25 reward minus the fee and also a donation from yourself to the operator which you don't have to do but is always a nice gesture, https://bitcointalk.org/index.php?topic=763510.0The chances of you hitting a block however are quick small and is complete luck even with 1PH rented for 24 hours.
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Great, will check this out now on my journey home.
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lol Panda making a comeback I think pretty much everyone would have dumped this a looooong time ago.
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I' having some problems to log in, When i go to https://cryptonit.net/main?destination=main its says "web page is not available" like if the site was down. The same thing happen when i try to contact support. Is there a social network or some place were you inform when the site is down? Chuox. we alway warn about planned maintenance in our Twitter. but in the recent days the site was running without interruptions. please go to the main page https://www.cryptonit.net/ and login Today I saw this: 503 Service Unavailable No server is available to handle this request. whats happened? Or is it just a temporary problem or website closed without notify? Regards Looking at the date of the last post on here before yours, chances are it's done and gone, I have never heard of this exchange until now.
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I don't think this will happen, there are vouchers you can create but in terms of a 5 bitcoin note just can't see it happening it just isn't what bitcoin is about.
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If it ever got to those levels it really can't get much lower so it would be the best time to buy as many as you can, unless something catastrophic has happened like the entire world is coming to an end.
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