As of right now, the bitcoin price is expected to keep going up in the next 20 years. But can it last that long? I believe it's possible. But can't it crash at a random time? Like the price going down hard.
Since the price is unstable, it can crash anytime and go higher. Also, the sources of bitcoin is only limited. I think after 20 years, after all bitcoins are mined, the price of it will be high because some people may want to buy it in any amount. Maybe you do not know that there is something we call the having every four years the amount of bitcoin created each time a block is solved is halved, some calculations have been made and put the year in which the last bitcoin are going to be mined in the 2140, so the scenario that you are projecting for the next 10 years is completely wrong and it is not going to happen. |
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Hey thanks for the info but im looking for something that is preferrably free like maybe encrypting a file?
KeePass is probably the best it is free and it can generate passwords for you that way you do not have to create the passwords yourself, also you can protect those passwords if you encrypt them and then you will only need to remember one password instead of all the password you have, this could be a good option to store your private keys or seed words instead of writing that information in a piece of paper that can be destroyed very easily. |
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Because everyone likes to get profits, we would like to get big profits with the new decentralized exchanges in development since it is very obvious that we cannot rely on only one decentralized exchange we need a lot of them so it becomes impossible to shutdown bitcoin and altcoin trading no matter what the governments of the world throw at us. |
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Very bad for china if their goverment say mining is illegal, they wil be only loosers because it means saying goodbye forever to bitcoin and crypro. For me this means saying no to future development in one of the main part of virtual world.
I think they won't ban mining, theyvjust want to stop using of bitcoin in their country to avoid many illegal activities. (no pay = no job).
Think twice before you start business in china if you have such goverment.
When you have such an authoritative over you it is almost impossible to make long term plans that is what at the end makes those countries fall, then they begin to nationalize business, not realizing that these measures only hasten their own demise eventually no foreign investment comes to their countries and that is when they get paranoid that the world is out to get them, when they are the ones destroying their countries. |
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You should absolutely hold for, I would say, the next 20-30 years. You can take some profits every several years but it is best to hold as long as possible to get the most gain out of your initial investment. Just keep adding if you can.
That will be long, how he will be able to enjoy bitcoin profit if he's not going to use it for 20-30 years. I suggest that keep on holding until the price gives you a satisfaction and then sell and enjoy the profit you made there. You deserve to enjoy bitcoin and you can still hold 20-30 years of it but don't forget that you have a life to feed and a life to enjoy to the fullest. Maybe hold 10 bitcoins for that long is already good. By holding bitcoin for that long you are denying yourself short term gratification, but you hold in the hope to get long term gratification, I see that happening all the time, people spend their money in things they want now not realizing that in 20 years they are not going to be able to retire comfortably, that is why I save in bitcoin, I do not care about not going to a pricey restaurant now I care about being able to retire someday. |
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Bitcoin can not change the economy of the country. It's just money that you can pay off or earn it. To improve the economy, it is necessary to take action, and not to introduce a new currency.
A solid currency can in fact make a country or even the world more prosperous, when gold was used as the standard around the world we saw one of the biggest growth in investments in the world, because people know that their currency was stable, now that trade is based on the dollar and those dollar keep being printed as if they could print them forever governments are trying to get rid of their dollars as fast as possible. |
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The first country to eliminate fiat and convert to crypto fully would be one which has a failed economic system such as Venezuela, where people are looking for and need help desperately, Bitcoin and crypto could be what they need. Just imagine if they turn to crypto and in a few decades everyone there became rich? It is definitely possible!
The problem with Venezuela is that it has a big number of people I think for bitcoin to be adopted by a nation the nation needs to be small a few hundred thousand people at most, and that has high standards of living, because bitcoin is not going to be as easy to understand to someone that has never had access to technology, however such a country probably does not need to adopt bitcoin in the first place. |
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Bitcoin isnt anymore the best and easy place to double or even get rich, for those its better to give a try to altcoins, eth, dash, ltc , doge and several more coins had been able to grow a lot and keep growing, bitcoin raised 3-4x this year, while some crypto coins did made x20-x100, soo its pretty clear bitcoin isnt anymore the best option but its the most safe.
The more valuable bitcoin becomes the more difficult it is to double its price, that is just the way it works, however bitcoin is great as a store of value for those that think they already have enough money, for those still trying to earn then the best option is to invest in some altcoins or if you like to take the risk then you could select a few icos and invest in them. |
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Well that's to be expected. China doesn't want anything to go under their noses without them having some kind of control. Though these icos admittedly can cause people to lose money as many of the are scams, btc is quite different as well as trusted alts like ether
Governments want to have control of their population but I think they are reaching a very dangerous level of power and if things keep going in this direction I will not be surprised if people rebel, not with violence but taking measures that do not allow a government to control them, encrypting their computers and communications to make it harder for governments to spy on their population and with the use of bitcoin they will avoid feeding the big governments that we have by denying them taxes. You're implying that people would rebel in the first place. Most people are comfortable with what they have and what they do, and they have no issues with being a tax machine if they manage to keep their bread and circuses. Of course, they likely won't even have those for very long. If you've ever read "The Hollow Men" and have some explanations and interpretations, that is essentially the path the world will go down and it won't change unless people cannot get their welfare, food, or money in general. Universal Basic Income will cement government control, should it ever get passed in any significant manner. That will never happen, governments may think they are above basic math but they are not, Universal basic income is never going to pass, there is not enough in taxes to guarantee that, governments of the world are struggling as it is, the economy of the world is nothing but a house of cards ready to fall, and when it does, people are going to see that fake promises of free stuff must always be paid one way or another. |
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Have an experience in trade or have you done yet ? Try to learn more and more. Otherwise you will be losers. With small amount you will not make enough profit. You should invest huge to best result.
The purpose of starting to trade with a low amount of money is not to make a lot of money, the real purpose is to learn your way around the trading platform and to test your skills as a trader, if after a predetermined amount of trades you come up with a small profit then you can trade with a bigger amount and see how it goes, if you keep getting good results now you can trade with all your bankroll. |
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Of course almost users here will choose bitcoin over fiat money for the fact we can make profits either in short or long run because of its volatility and fluctuating price in no time. But you can lose if you don't manage it very well. We can have big returns just by holding our bitcoins.
This is the correct answer, fiat has some advantages but the fact that we can earn a lot of money by just holding our bitcoin gives bitcoin a very obvious advantage, this is not true for fiat, thanks to the rampant inflation caused by governments of the world that do not seem able to just spend the taxes they get from the people, no, they need to create money from thin air and spend that too. |
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ETH is dropping like crazy. But whose fault is it this time? Is it the Chinese or Japanese who are selling?
I do not think it is anyones fault, maybe this is the result of the the devs of ETH plan to change from POW to POS I do not know if is users agree with this change and I think it is obvious that miners are not going to agree with this but regardless of that such a big change is bound to bring instability in the market, but I'm not sure if this is the real reason since I do not follow ETH that much since I do not trust in it. |
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Unless you'd arrived in the last couple of months you would've had to have worked rather hard not to have huge profits by now. Overall I'm up plenty. I don't really ever want to sell and I never have. I'd much prefer to spend if there's a need for something and I don't give a shit if it's instantly converted, that's their problem.
It all depends on what your goals are and what your immediate needs are. No one should be going without something vital if they have profits to play with. Equally they'd be monumentally stupid to spend it all on Steam games.
The stars are only just beginning to align. If people can afford to then they should at least wait a few more years until after the next halving.
Most alts went up about 10 times its price and bitcoin has gone up 4 times in this year alone, this is the perfect market for holders, just hold your bitcoin and get great profits, however even in this favorable market I have seen people claiming they have lost money, something that I find incredible but it may be possible for those that think they can outsmart the market only to find themselves left behind by bitcoin and the other coins. |
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For those that buy bitcoin last week when the price fell and was dump to $1,785 can now take profit as from https://coinmarketcap.com is currently $2,750. Thank God for another blessing! Their fear to get rid of bitcoin at a cheap price then, now regret for having thrown it away. People who do not believe the issue of August 1 ,, may now be enjoying the results  If there would be another issue about Bitcoin the thing we should do is to trust bitcoin in terms of its system and development. Becasue it just prove it self on the lat segwit where bitcoin price is pump um and experience growth. So all we need to do is to trust bitcoin and to also be a part of the price who tend to support Bitcoin system in terms of transactions. Yes, those who trusted bitcoins soon after their creation are now millionaires and I believe we should not waste any more time in getting involved with bitcoins. Bitcoins are the legends in the crypto world and people are now really crazy for bitcoins. No need to waste time on useless investments. What do you think about invest to ICO projects? Is this field also one of useless investments like your said? Additionally, invest to Bitcoin while investor do not know any knowledge about it, can I call them also spend their money to useless investments?  Investing in icos is fine as long as you know what you are doing the most important thing is to not invest in something you do not understand, this is the most common mistake, the second most common mistake is to invest in something you understand but that you do not see a way for it to become a viable business, if you avoid those two mistakes most of your investments are going to do fine. |
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As of right now, the bitcoin price is expected to keep going up in the next 20 years. But can it last that long? I believe it's possible. But can't it crash at a random time? Like the price going down hard.
As far as i know, there are only limited sources of bitcoin for about 21,000 i think. And we already mined for about 16-18k. Maybe if we already reached the limited amount of bitcoin, it will be gone. Or maybe some will trade, buy and sell and i think in that time, bitcoin price will be very high. Your numbers are way off, the limit of bitcoin is 21 million and not 21k and the amount mined already is something close to 16.5 millions coins and every 4 years there is something called the halving, this cuts in half the block reward that miners get for solving a block, that means that as time goes by less and less bitcoin is created every year this makes bitcoin a coin that has a very low inflation rate compared to other currencies of the world. |
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Fast food chains and online courses would be great but I'm looking forward to real estate properties available for bitcoins. I will not hold my breath for that, I think that is going to be the endgame, when bitcoin is so valuable that people will be willing to give away real estate properties for the opportunity to get some bitcoin that is a what I’m waiting for, I do not have a lot of bitcoin but I have some and if that became true then my investment in bitcoin will be worth many times over what I paid for it. |
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Maybe it will happen. if Bitcoin loses the trust of its users or the government prohibits the use of Bitcoin to transact or also the emergence of newer, more sophisticated crypto coins from Bitcoin.
But for now I think Bitcoin is irreplaceable.
Yup agree with this. As of now , BTC is the preferred SOV (store of value) However, others are emerging which currentyl do a better job as MOE (medium of exhange) and not to mention offer much better privacy. A possibility is that if bitcoin fails at becoming a currency used by the world is that bitcoin becomes the gold of cryptocurrencies and some other crypto becomes the one that circulates the most, this in fact happened to gold, the most widely use precious metal was not gold but silver, so it is possible that a coin that is considered to be very good but not as valuable as bitcoin becomes the most used crypto |
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It would be extremely dumb for them to do it. consider they are creating tremendous value out of both the mining and the sales / development of mining equipment.
You probably don't know how communism (aka statism) works. They do such things for displays of power. They rule through terror. This, communism does not care about such silly things as creating value and free enterprise, they care about power and about showing their citizens they have power over them, to be honest I think miners need to begin to move their operations overseas before the Chinese government does this, it is obvious this is going to cut down their profits margin since electricity in China is very cheap, but it is better to get slightly less profits than to be shut down completely. |
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the chinese ban has everything to do with currency controls , every country that has currency controls will react the same way as china there are 45 countries with currency control. decentralized exchanges still need fiat to get in the system. the futures is were you can get in without using there banks at all, not to get in the crypto ecosystem or to get out. The chinese government is signaling a bigger problem something is going to have that they need to close all the possible ways money can leave. possible NORTH KOREA WAR, money would flee china instantly
This only means that markets like local bitcoin are going to become even more important because if you want to get into altcoins you need bitcoin first so I think we are going to have to rely once again in peer to peer trades and not on big exchanges as people have done from the beginning, however it is likely that in response to this governments begin to monitor or create a sting operations to try to catch people buying bitcoin anonymously in face to face trades. |
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Has to be a great team, doesn't mean they have to have 10 successful projects, but I want them to be accessible and available.
Something new that has a real use, I love possibilities the much as the next guy, but if it isn't viable in the next few years you are paying someone to "see" if they can make it work
Being as open and as transparent as possible.
Correct some people think that investing in a new coin with a new concept is the best way to go but if the concept has never been tried and there is not a beta or something that tells you that this is going to be a complete gamble, if it works you could earn a fortune but if you fail you could lose all your money since it could be one of those projects that never presents a working product. |
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