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Everything will have its end, so will bitcoin. But, we don't know exactly when it ends or when the price gets down. Time will answer it.
And there is a possibility for another cryptocurrency to take over bitcoin since there are a lot of new cryptocurrencies appear and compete each other.
I don't think so. Everything doesn't have ends, for example paper money. It doesn't have an end. Bitcoin won't have an end too. It's not a living organism then it can survive forever in the market. |
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I believe Bitcoin was intended to spread the wealth. Decentralization is the keyword here. To read about Bitcoin being adopted in poor economies is heartwarming. To allow countries that have been exploited and or deserted by centralized authorities to have an equal footing in the global economy really makes me optimistic that Bitcoin and its community is really doing some good in this world.
Africa is suffering from unemployment and poverty. Bitcoin would be a good selection for them to increase their wealth maybe. So it's as expected when they show a great interest to bitcoin. |
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I think it is worth to invest on this coin because it is still under development and they may have some issues with current tangle process but if they can able to fix all those issues then this coin will grow many folds from the current level. We can just give our opinion but it is up to you to decide whether you want to invest or not.
Their model called as tangle and its power is unkown. I don't think we have testimonials for it and we also don't have experience in their platform. I wouldn't put much money in such a thing, frankly. |
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Some exchanges as Bitstamp did not communicate anything about getting BTG for whose who held BTC at the time BTG was forked. Any ideas what would be in this situation?
If you had BTC in the exchanges the chances are that you will not receive any BTG. Only those exchanges that mentioned they would support it would be able to provide you with BTG. Its best to store BTC in your own wallet (software or hardware), if you wish to gain from some of the forks. This is the same for other forks. Bitcoin diamond for example forked 3-4 weeks ago but some exchanges didn't credit it and they won't credit this for sure. Superbitcoin forked as well and we don't have information still. |
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Hi!
As the title says, what happens if i get an address wrong? Do the coins get lost?
If that's what happens, why not change the code in Bitcoin, so that if the bitcoin network cant detect that address, returns the bitcoins to you?
Well, I guess if you send it to a owner of that address then your btc will somehow go to his account and you can't do anything to get it back unless you contact him or you know him. And if that address doesn't have any owner or let's just say invalid address, I think your money will be back on your account. That's all. In this case, 99.99999999% you don't know the owner of the address. Then you can forget about that bitcoins, they're lost forever. If you saw it instantly, you can try to make another transaction with extremely higher fees to save your bitcoins. |
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An internationally recognized and accepted form of payment? Yes. A national currency i don't think so, given the very simple fact that Bitcoin is decentralized. I think what is more likely to happen is governments and countries will create their own crypto's. Apparently, countries like Venezuela and Cuba are already looking into creating their own crypto due to fears in collapse of fiat. I think that this is very much the way to go, fiat will fail at some point worldwide. I think what might be a major point is if and when USD fails or at least appears like its going to fail, cryptos will become mainstream.
I was gonna write very similar things. It's already a global payment method for the entire wotld. But it's not gonna be a national currency or worldwide currency because countries never let this happen. |
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That is a good investment for your children. I think you have a huge savings for your son now since you've started saving for some time now. I'm thinking, I will do the same when I have my own children so that they will have no problem in money if ever they will badly need some for their financial problems.
Everybody wants this, but doing this is hard and maybe we can't afford this. The current price of bitcoin is very high and buying it for our children is very money consuming activity. We can only buy something like 0.01 and 0.005 amounts. |
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How are you going to invest $110 usd in altocoins if that is all you have to invest.
The amount is actually small, but go for ether, litecoin and iota with $110. If you're a lucky person, you can have $500 in mid-early 2018 as a result of market expansion. The trend is upwards. |
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Since China shut down exchanges bitcoin has been growing at a rate of 1% per day. This is because lets estimate at least 5 million coins are stuck in china and can't be traded so the overall tradeable supply of bitcoin is much less than it was before september 30th. Less supply means increase in price.
Bitcoin will continue an average growth of 1% per day until the world runs out of money or china reopens exchanges and a massive dump occurs. The equation is:
starting value x (1.01)^(# of days in the future)
Once bitcoin hits 1 million it will stall, this is because the world will literally run out of money. At this point china will launch the cryptoyuan and allow people to trade bitcoin for it. Then when the chinese government gets all its people's bitcoin, it will dump them on the open market and attempt to make 5 trillion dollars and pay off their national debt.
That's a huge claim. In a positive scenario, bitcoin could even be $50,000 but $500,000 wouldn't be that easy honestly. It's way too far from the current price and will take too much time. |
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John McAfee Bullish on Bitcoin Price Reaching $1 Million by 2020.
He wrote in Twitter: "When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong."
Can yo believe this? What are your own predictions?
The person behind the argument is not that important for me. People who understand tehnical analysis can easily see the point of the expectation of tht huge growth from bitcoin. It's not that complicated. |
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Folks there are lots of ethereum competitor in the market. Check NEO, other smart contracted initiators, they claim they're the competitor of the ethereum but it's not realistic for the moment.
They need very high improvements and developments for this.
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I see that the more bitcoin the more users seen from the significantly increased bitcoin price increase, is this a sign that bitcoin will soon become the future virtual currency?
The future is very near and that i hoped for modification or hardfork that is so good so as to address its disadvantages where fiat doesn't have. If that can be addressed, then BITCOIN is more likely be used as the national currency worldwide. everyone must have the hope that bitcoin will be the currency in the future, but in this case there is also a problem also in the government, sometimes bitcoin is prohibited in every country because it is all the provisions of the government that oversees state finances. Future of the disigtal currencies, but not the traditional currencies, I think. The paper money is very common in our daily lives and I think we're not yet ready to remove it totally from our lives. |
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Panic situation when my coins are being dumped by market, it's really hard thing to hold my coins. When i get panic with such market condition, i usually sell my coins eventhough in the result i'm lost.
I guess we share the same habits every time that our coins are having a DUMP, of course as a holder, it is natural for us to panic and decide what is better to do, but I'm not that kind of holder which do panic selling, I'm also thinking about that, but I've realized that it is just normal for the Altcoins price to go down for a while, because I know that after this kind of drama, the will PUMP double to their last price. This is the same for everyone, when the market goes for pumps, we don't panic or get excited, but when the market goes for dumps, we all panic and we start panic sells which causes big loss for traders. We should avoid this by controlling our mind. |
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If you have 10K USD, which coin do you invest for 1 week?
Now market is very unstable and bullish.
Many altcoins are going down, If you have 10K USD
Which coin do you invest for 1 week?
I look into $WAVES, $GRS, $ETC
can you recommend me?
I don't make an investment for 1 week only. In crypto 1 week is like 1 month in stock markets. Your initial money may undergo a crash and you can make crazy loss after all. Care for this and don't do this. |
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Why people should use bitcoin, because it is easy to send and receive money from all over the world, no need for iban no need to pay additional fees to the bank so it made our life easier.
why choose bitcoin because bitcoin is able to give job and earn money and they know what is their best .. and besides bitcoin able to change change for those who use it better manjdi and that is the reason and you choose the right bitcoain .. besides that method of transaki which is safe and easy and many other advantages of expertise we will encounter from bitcoin. They should keep in touch with each other globally and that's why they should use bitcoin. Without bitcoin, with banking system, it's hard to integrate into the new world where all the citizens are in contact with each other. |
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The one change that bitcoin has brought in my life is that i am able to pay my extra expenses like books i need,my tutor fees, i am somewhat into fitness to so it helps to pay my gym fees too , moreover earning btc make me realized the importance of money , now i don't do useless expenses and try to save as much as i can.
Frankly, spending long hours a day in trading is the only thing bitcoin brought me so far. I hope it can change my economical status as well. To see the asnwer, I have to be patient. |
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In the UK no crypto business has a bank account. I think this is primarily because there's no regulation so they can't be arsed to try and interpret laws that might bite them on the arse in the future. There's also the likelihood that they don't like crypto too of course.
In other places I assume it's kind of similar yet there are enough places that do have banking.
Many of these banks must now be taking in and sending out billions per year in crypto business. Considering the ball ache and potential future implications, why are they still tolerating it? It's business of course, but there's plenty of other business out there that's less trouble.
Whether we like it or not, Bitcoin and friends at present is largely dependent on company banking. They know perfectly well they can put a lid on it by cutting off bank accounts. Why isn't it happening more often?
They will probably adopt bitcoin and other crypto products in the future probably. They don't want to stop the development of the cryptos. That's how they tolerate the bank transfers to exchange accounts. |
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when i started whit bitcoin was because i read an article in our forum bitciontalk
Same like you when I started Bitcoin I don’t have enough information about Bitcoin and not having the idea about Bitcoin what is it. But with the passage of time I feel fun with it and I become the fan of Bitcoin. Bitcoin gives me so much profit from investing in it. And I am happy to join Bitcoin in time. It helps me to change my life style. This form inducted me so much information about trading on Bitcoin and how to handle the wallet. You had better moments than me, when I started first, I made many mistakes shile sending my first two or three bitcoins to my friends. I typed the fee mistakenly and I paid 10 times more fee than the recommended one for example. |
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Personally, my educated guess would be 200USD?
what y'all guys think!
Impossible clearly. The supply if iota is 2.8 billion in circulating and this makes that target impossible. The ceiling price can be $10 or $15 at most, and beyond this is not possible and probable for me. |
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I just recently found out that my country banned bitcoin too.
Such a sad news, of course. In the article, i read that they do that because they think bitcoin is a harm, and will be a bad threat for the banks.
They also think bitcoin is unstable and hard to control, so we should not use that to transact and ask us to cash our bitcoin, which of course i refuse.
They have their own reasons, and mostly because they want to protect their.... 'own'? I'm not sure yet.
They make you the prisoners of centralized banks, this is the idea of the governments. They can't let you be the part of a free economy created by bitcoin and blockchain system. |
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