|
Trying to find bitcoin fair value is just another form to speculate with the price, the truth is the most simple of the rules that took economist centuries to discover is the only true way to find the price of bitcoin and that happens every day, supply and demand, the price of bitcoin has been going up for months and it is simple to understand that the demand for bitcoin has increased due to many reasons like the forks and the recent upgrade in the network.
|
|
|
|
Well amazon is placing itself on the market as an innovative company. They already invested huge money to drones and they were going to take part in Saudi Arabia desert megacity cunstruction. I think that in a couple years that will seem strange if they won't be accepting cryptocurrencies while performing such policy. But we shouldn't underestimate the power of US esablishement and central banks, they can always make some troubles.
I do not think we are going to see bitcoin adopted soon by Amazon, I would love for that to happen since I will have access to all the universe of products that amazon offers but at the same time it does not seems like the right time for a business like amazon to accept bitcoin, they are going to get more trouble out of accepting bitcoin than benefits, so the only way for them to accept bitcoin is to ignore those issues thinking that eventually everything is going to solve itself. |
|
|
|
bitcoin may be replaced that can happen in the future but it will take a very long time for Altcoins to reach to Bitcoin's price.
While I do not think that bitcoin can be replace by another cryptocurrency I think that if it were to happen it is not going to be a slow process, the new coin will need to be so innovative that it needs to be a no brainier, so in that scenario people are going to realize the advantages of the new coin and adopt it immediately but as I have said if that does not happen soon then it may never happen since bitcoin is slowly gaining strength and very soon it will be so strong that no other crypto will be able to defeat it. |
|
|
|
Yes bitcoin can improve the economy of many countries surely. Bitcoin is already helping so many poor people to earn their living and also it is helping the unemployed people. Governments this way will get less pressure because of the jobless
You are misunderstanding the governments, they love to have people that are unemployed, because they can always say they can be the hero and solve the issues of the country with their new policies, besides someone that is unemployed and has no money is a person that is very cheap to buy while an employed person is going to be very difficult to buy, so as you can see governments are very happy when they have unemployment. |
|
|
|
I bought 1st blood for two months now i bought it when it was .00013 now its just .00004  ... should i still hold ot cut my loss? It depends if you do not think the project has any merits or that it cannot give you the possibility to get your money back then you should sell and move on to invest in other coins, but if you think that a project has a future then keep holding, my biggest investment has been down for almost 3 months and I have lost 50% of my investment but I believe in the project since I know is good so I’m going to keep holding for some time. |
|
|
|
means final? i think ur mean is the highest price btc. maybe around 10K-15K$ no more than that
remember world keep changing, soon or later will be something new and more intresting than this
It has been almost 10 years since then and nothing even close to that has appeared and even if it does by the time that happens bitcoin is going to be so dominant that I think it will be too late, what you are describing needs to appear right now because if it does 10 years from now it will not be able to compete with bitcoin since bitcoin is going to be accepted everywhere at that point in time. |
|
|
|
Of course, it's impossible to predict exact price, but what are your predictions/wishes/guesses?
Thank you for your answers.
I think that by the end of 2018 bitcoin will be worth more than 10000 dollars, for some that may seem like a lot of money and to some that may look like too little, but I think that is a fair assessment, some are giving ridiculous predictions that bitcoin is going to be worth hundreds of thousands of dollars, but I do not think a crash is likely either, so so think bitcoin is going to grow in value but not as much as this year. |
|
|
|
Who stays behind central banks? What is your opinion?
If you are implying that governments control central banks, that is correct. While central banks are theoretically supposed to be independent, very few central bank governors can survive in their posts if they don't have the support of the government. Indeed, it is controlled by the government, These central banks have massive lendings from the government, which are already impossible to pay back, so therefor at some day the bubble is going to burst, and some currencies are going to drop a hell of a lot, take for example the central bank of europe, where draghi is pumping out millions of euro's every day. The EU already has a debt of 11.656.129.521.903EUR That is not exactly correct, if I remember correctly central banks are both public and private corporations, they have investors and they get profits like any other shareholder, this is one of those things that remain hidden from public knowledge because if people knew that then they will begin to make all kind of questions regarding their fiat. |
|
|
|
Peter Thiel – PayPal co-founder and billionaire venture capitalist, for a long time now has been a backer of the virtual currency Bitcoin. Thiel did again indicate out the ‘real potential’ of BTC at the Investment Initiative in Riyadh, Saudi Arabia, pointing out that people are truly underestimating it.
Peter Thiel has long been one of the early proponents of Bitcoin. As early as 2013, he stated that Bitcoin has the potential to change the world. As one of the co-founders of PayPal, he recognized the ability of Bitcoin to revolutionize the monetary space. He had long held the view that monetary sovereignty’s time is limited and encrypted money would be the future. Earlier Peter Thiel did comment on how Bitcoin unlike PayPal, was really able to create a currency.
Bitcoin BTC could very well be the virtual gold of our time and replace it as a reserve currency – according to Peter Thiel. Many ‘similarities’ were compared between the two by Thiel like it is mineable and its limited supply.
“It’s like a reserve form of money, it’s like gold and it’s just a store of value. If Bitcoin ends up being the cyber equivalent of gold, it has a great potential left.”
On the other hand, Peter did not really have any enthusiastic feel about the other virtual assets and altcoins which could be discouraging for altcoin followers which have put their hopes for most part of the year on them.
While Peter Thiel is pretty bullish on the potential of Bitcoin, in Riyadh, a certain Saudi prince has a different view. Prince Alwaleed bin Talal, the richest Arab in the world, believes that Bitcoin will implode like Enron. While Bitcoin trading is allowed in Saudi Arabia, the Saudi Arabian Monetary Authority has warned people about the risks of investing in Bitcoin. The Middle East is a region teeming with billionaires and if Peter Thiel has managed to convince a few people to invest their oil-dollars in Bitcoin, the price of Bitcoin could receive a boost. http://ethereumworldnews.com/gold-yesterday-comes-bitcoin-reserve-currency/Tired of "is bitcoin is a bubble"? Now you can enjoy the wonders of "is bitcoin a reserve currency"? On a serious note, it is possible bitcoin could eventually become a reserve currency to replace gold. This paradigm could represent the natural evolution of cryptocoins with limited supply if it is established that limited supply and algorithmic based regulation are best methods to promote stability and long term value. Would be interested to know public opinion on this. Would people feel safer having bitcoin as a reserve currency than they would having fiat like the dollar or euro as reserve? Bitcoin is way better than fiat so having bitcoin as a reserve currency will be better in my opinion the only issue with it is that countries will never allow that unless they got a complete control of bitcoin so if that scenario came to happen that will mean that bitcoin is already under their control and that is something that I find disgusting. |
|
|
|
Hellow guys share your idea about this new altcoin now in market cap.
Should I hold this like what I did in BTC?
Get rid of bitcoin gold as fast as you can, at least bitcoin cash offered replay protection and seemed a more serious project, bitcoin gold is looking more like the project of amateurs, so do not take seriously such a bad project, forget about it and do not look back, so do not make the mistake of thinking of bitcoin gold the same way you think about bitcoin. |
|
|
|
My guess would be japan too as they already have plans to create their own cryptocurrency for their country to use. I just read this somewhere too and I can't remember the link but that was the plan. If they already have such plan then they are ahead among any country.
I read that as well, but that is not going to be an easy task even if japan is such an advanced country is one of the places with the bigger use of cash among developed nations so the government is going to have an uphill battle trying to convince their citizens to abandon their cash, however there is the possibility the Japanese people abandon cash in exchange of bitcoin. |
|
|
|
I think it is possible. From what i see now, bitcoin is a great option for those who are unemployed. Thus, this lessen the poverty that will result to a better economy.
No, you are wrong, if you are living in a place where poverty is high, then you are wrong, money at those places is scarce, for sure they can't even buy their own computer, aside from that, they can't surely afford an internet subscription. With that said, I am sure only few are using bitcoin, and most of those who are using already have something in life, and they are not too dependent to the government's help. Well, earning bitcoin is not easy and every day is getting harder since the price is going higher every day, besides you need to have a deep knowledge of how to make money online and this is knowledge that not any people have, if they did, then everyone will be making money online and since we know that is not the case then that means that making money with bitcoin is a lot harder than what we imagine. |
|
|
|
I just always wonder if those billionaires still invest in btc. Do they even know btc exist?
It depends on the kind of billionaire they are, if they are billionaires that created something related to the internet or computers then they are very aware of bitcoin, they may have some but they still do not see enough support from the population to invest heavily on it, besides they do not need to concentrate too much on trying to get profits out of bitcoin since they have so much money already. |
|
|
|
if you have a small amount i suggest do research on ICOs and invest in what you think can have great future.
investing in good ICO can give better returns than investing BTC.
It is not always the case because there is a big risk involved as well. There are quite a number of ICO's which turned out to be just a scam and ate up investors hard earned money. But you are right that when you do a good amount of research you can have a potential big yields when you stumble with good and quality ICO.. This is why we need to research very well any ico in which we want to invest, why something is happening, why the price is going down, who are the developers, once you being to think critically you will be able to find the icos that are serious about creating a lasting project and the icos that are nothing but a scam and want to get your money. |
|
|
|
Always on paper!! Never trust programs and especially never use any online ones. No one can hack paper and you can store it in a safe or something. Look at the past password managers that have histories of hackers breaking in and getting passwords. Paper is the best way to protect yourself, across all the platforms. That's also why paper wallets are the best too if you're going to be doing a long airdrop or are planning on hodling for a very long time and don't want to touch the coins while having max security. Don't risk it!
This is something I agree, many people let themselves be blinded by new technology, but the truth is that many times an old approach is sometimes the best, hackers cannot hack your password if you write them down in a piece of paper, at that point the only thing you have to worry is if someone gets access to that paper, but you can encrypt it too or you can simply store it in a safe or you can remember the password and destroy the piece of paper. Even on paper wallet doesnt really mean that it is already 100% safe on our side even on those kind of securing will still have the risk on losing it knowing that inks would really fade out specially on a long period of time or you might forget the password of your safe and might that paper wallet would be eaten by a mouse or even misplaced since we are talking on long term here. The risks are infinite, but an electrum seed has only twelve common words even if a person is not very smart the repetition of those words over and over again will make him remember that seed, so in that case you will not need to write anything in a piece of paper, of course there are risks with such a strategy but we need to find ways to combat the hackers and the ways they use to steal our coins. |
|
|
|
This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.
The dump is caused by speculators and weak hands, no one that know anything about bitcoin will see a relationship between icos being banned and bitcoin, most of the icos are ETH tokens and have no relationship with bitcoin, now bitcoin is trading at the same levels as before which show to us this was nothing but a speculative dump if it was a real one the price will go down and stay down for months or years. No it will never happened because millions of people have invest their money in bitcoins and the only hope of unemployed people is Bitcoin so no government will treat their people so harsh that they will stop Bitcoins at all. While governments in theory should worry about the well being of their populations, at the same time, they are going to do everything to ensure their own survival, if they think bitcoin is bad for them, they are going to try to ban it, even if for most of the people that have invested in bitcoin, the experience has been positive thanks to the big earnings they got out of their investment. I think it's impossible if government can stop bitcoin because bitcoin has contributed many things already. The money that it has from crypto are being distributed from different sectors considering the small entrepreneurs which give them hope to build a better business and help industries. I don't think can still stop that because some entrepreneurs can definitely recognized bitcoin as a source of success and that moment, governments will change their minds. Even if it is impossible for governments to ban bitcoin, they are going to try, and they are going to do everything in their power to stop something like bitcoin, bitcoin is a direct competitor to two of the biggest organizations of the world, banks and governments, and I do not think they are ready to lose a great part of their earnings simply because a new technology appeared. |
|
|
|
I believe that Bitcoin can't be replaed by any other crypto currency. Bitcoin is the most used crypto currency worldwide and also having the higher price. Other altcoins need many years to become a bit close to the actual Bitcoin's statut
Not only that the time is running out for those that will like to take bitcoin place, in my opinion we are on the verge of a breakthrough, adoption is not going to happen overnight but I think in the next year if nothing happens to stop bitcoin, like a world wide ban or a better altcoin, then bitcoin is going to reach a level of adoption that is going to become impossible to overcome for any other cryptocurrency. |
|
|
|
There is only one year and a few months left until 2019, and i am pretty sure that there is not going to be any crash or hack into the security of bitcoin or the way that it works, it is fully protected and everybody has their own security to prevent hacking or cracking on their wallets.
there are small chances for it to happen, maybe your friend is angry because he could not buy bitcoins at a cheaper rate.. poor of him. good luck for this bet mate.
The only way I could see an scenario like that happen is if quantum computer were in fact decades more advanced than we thought and they used those to destroy bitcoin, but if the data we have is correct it is going to take a lot of time before quantum computers become faster than regular computers and by that time we will have time to protect bitcoin against them. |
|
|
|
if a region discover a way to produce least expensive electrical in the world then indeed. or else bitcoin will not enhance any nations around the world economy
A country does not need to mine bitcoin in order to benefit from it, the only thing they need to do is to pass laws that are bitcoin friendly and charge no taxes on bitcoin earnings, investments on that country will skyrocket and adoption will grow as well as people begin to realize that a lot of money in the form of bitcoin is coming and they are not going to want to lose a piece of that cake. |
|
|
|
|
Show Posts
