 Show Posts
|
|
Pages: « 1 [2] 3 4 5 »
|
|
I wish I could buy everything with BTC worldwide and get paid in BTC. But mass adoption is right now hindered partly due to its volatility. If the price is steadily going up then this won't be as big of an issue for people to accept and hold bitcoins. But the fact that sometimes it can lose 50% of its value overnight is a big deterrent to consumers and merchants to hold bitcoins. This is the reason why a lot of merchants that do accept bitcoins are immediately converting them into fiat to protect themselves from the price swings.
Right now, bitcoin's price swings is attracting a lot of speculators/traders.
|
|
|
|
check this link: https://gatecoin.com/blog/2015/12/bitcoin-price-analysis/It's official: The U.S. Federal Reserve raised interest rates by a quarter of a percent for the first time after nine years. This has caused a strengthening of the US Dollar against all other currencies in the foreign exchange market. What kind of domino effect does this bring to bitcoin's price come 2016? Here's a summary of what we at Gatecoin have gathered from several bitcoin price analysts, news reports, and a poll we conducted. A Cointelegraph article posed this question: "Even though the [US] Dollar price is strong, Bitcoin continues to grow slowly. This raises the question: why does publication of such important indicators, that so strongly influence the currency market, have no effect on Bitcoin? What factors can then affect the value of Bitcoins?" IMHO, since a majority of bitcoins are traded in Chinese Yuan, a strengthening US Dollar may not affect the value as much as the Chinese Yuan would. Any prudent bitcoin trader will and should keep a close eye on what's going on in China. So, what's happening in China? George Samman, COO of BTC.sx, recently blogged that the Chinese Yuan is overvalued compared to other emerging market economies. Due to this, the People Bank of China (PBOC) will continue to devalue the spread between onshore yuan and offshore yuan. Now, an increase in U.S. interest rates puts even more pressure on the PBOC to further devalue the Chinese Yuan. According to Arthur Hayes of Bitmex, "the CNY has been pegged to the USD over the past few years-raising rates is negative for emerging market currencies, which is positive for Bitcoin." Holding onto a depreciating asset is not an idea that sits well for the wealthy Chinese. The Chinese government enforcing capital controls gets them even more restless. In their search for a 'way out,' they will notice Bitcoin as a viable method to get money out of the mainland despite strict capital controls. Samman concluded, "If more Chinese wake up to this reality, the price of bitcoin will continue moving higher." In the meantime, Digital currency investment firm, Pantera Capital, thinks that Chinese buying is already driving the pace of bitcoin's price change. Their blog stated, "Strong inflows have pushed the price on Chinese exchanges to as much as a 9% premium over the world price." Another factor to consider is the record number of daily transactions on Blockchain wallets earlier this month, which signify the growing bitcoin ecosystem. Bitcoin's price increases and generally positive news involving influential finance executives joining bitcoin startups in 2015 grabbed news headlines worldwide, which attracted traditional traders' to try their hand on bitcoin trading. While we can't speak for other exchanges, trading volumes continue to grow, placing us in the top 15 exchanges worldwide. Lastly, we'd be remiss if we don't include the highly anticipated block reward halving that many in the bitcoin community believe will drive bitcoin's price to as high as $1,000 - $2,000 range. In a poll we conducted at bitcointalk.org, more than half of respondents think that the daily price average will go up with each passing day after the halving occurs in mid-2016, while about 23% think the price will fluctuate driven by those with a bad case of FOMO (fear of missing out) and profit-taking by more experienced traders. Few others are either a little more pessimistic on the price or think the price will be relatively stable right after the bitcoin-halving because market expectations might already be reflected in bitcoin's price in the months leading up to the halvening. This is not to say that bitcoin's price won't see a slump every now and then in the near to medium term. Bitcoin, by nature, is volatile. However, judging from a macroeconomic standpoint, it seems that Bitcoin is well-positioned to reach new heights in 2016. How high? It's anybody's guess... or, are we being too optimistic? Tell us what you think. |
|
|
|
3% is really low amount to strive for. Bitcoin is already growing in value everyday which is around 3% already.
I think the price would go up way more than that. It has so much more potential than just 3%
I've edited the poll options to exclude the percentage and just leave it at a general price movement |
|
|
|
3%? that is nothing in bitcoin  Remember the bitcoin price lull in June 2015 when BTC was struggling to break through $250? Bitcoin Volatility Index at that time was about 1%... Even today, the volatility index is at around 3-4%. In any case, the percentage is just an arbitrary figure. |
|
|
|
ehm, we are already increasing, if we keep this rate we should already account this as "the effect of the halving on the value"
because otherwise there are the chances that we reach $1k slowly and then at the halving you have something like $1050, and because of this you think that the value increased only by 1/20, which is not true
because the effect of the halving does not come true only on the date of the halving
With this line of thinking, your vote should then be "price remains within +/-3%" because nobody knows if this uptrend is going to continue through 2016 (I, for one, certainly hope it will) or if price will remain around the $450 level. So, without knowing how much the price will be, the poll serves as a gauge to the general sentiment that the bitcoin community has over the expected halving of the block reward. |
|
|
|
Hey so i recently got about 1,5 BTC from a service i started and now im wondering what i should do with this. Any tips?
You can open a trading account on Gatecoin.com! You can trade Bitcoins for USD, EUR, and HKD. You can also trade using dynamic stop orders on our high performance exchange platform. To ensure safety and security, we support two factor authentication we store most customer bitcoins in multisignature cold storage. Feel free to message me with any questions! |
|
|
|
|
Assuming there is no major news to affect bitcoin's price, there are still a number of factors to consider when trying to predict the effect the block reward's halvening will have on bitcoin's price.
We want you to vote: What do you think will happen to bitcoin's price this time around?
The poll is open for the next 6 days. Results will be announced after the poll is closed.
UPDATE: I've edited the poll options to not limit changes to a specific percentage figure.
|
|
|
|
If the Internet goes down, the Amish community will be the only ones going about life as usual  perhaps trading bitcoins using paper wallets? This would be possible if the miners continue running and part of the population still has an Internet connection. Without internet you need another network. Without a network you can do mining on paper and keep a printed copy of the blockchain, but transaction time would be very slow Without the Internet, bitcoin buyers and sellers cannot connect to trade with one another and this will dramatically affect bitcoin's price negatively. Even if some people have access to the Internet, the fact that bitcoin usage reverted back to its early days, when not more than a handful of people have access to it, bitcoin will crash in value to that of the early days. But there's some good news: those with Internet connection will be filthy rich from operating an internet cafe just so people can check their facebook and instagram updates. HA! |
|
|
|
If the Internet goes down, the Amish community will be the only ones going about life as usual perhaps trading bitcoins using paper wallets? |
|
|
|
|
Theoretically, next year's bitcoin halving means miners will earn 50% less, unless the price of bitcoin doubles or the cost of mining becomes 50% cheaper than what it is today (assuming everything else remains at status quo).
How do you think the halving will trigger a chain of events? If you are a speculator, how will you place your bet?
|
|
|
|
|
No, we are not Satoshi.
But we all can own a Satoshi.
No one, no bank, authority, govt. entity, or any ruling party can stop us from owning, sharing, trading Satoshi!
That is Satoshi's legacy. His identity matters less than what his creation can do.
|
|
|
|
|
The mystery of Satoshi's real identity is on the news again!
Wired, Gizmodo, The Guardian and a host of other media outlets have been going crazy over whether the real Satoshi Nakamoto is indeed Craig Wright, the Australian guy whose place got raided by police recently.
In an e27.co interview, Gatecoin Exchange CEO Aurelien Menant said, "This media craze shows once again how widely known Bitcoin has become over the past few years. And, obviously, for common people who are not familiar with open source or decentralised protocols, putting a face on the creators will probably be an element of comfort..."
So, if you are lucky enough to sit down with the real Nakamoto for a chat, what would you one burning question be for the bitcoin creator?
|
|
|
|
I guess China and Hong Kong, because of their large exchanges.
The use and trade of Bitcoin are not banned in Hong Kong. In fact, there are a number of businesses that accept payment in bitcoins. But authorities will not tolerate the use of bitcoins in money-laundering or other criminal activities. As a reputable exchange based in Hong Kong, this means we have to apply strict AML and KYC procedures. In this way, traders on our platform are guaranteed that their trades go smoothly. Update: If you start a business in Hong Kong dealing with bitcoins, you may want to read up on this: http://e27.co/will-new-regulations-affect-fintech-startups-hong-kong-20151123/ |
|
|
|
I heard that some people have been arrested and charged with "transmitting money without a license" for selling Bitcoins.
Does this mean it is illegal for me to sell my Bitcoins?
I was arrested for selling my Bitcoins using localbitcoins.com I paid all of my capital gains taxes on all of my trading - that was not the issue. The legal issue boiled down to one question: was I operating a business or not. They claimed it was a business, I claimed it was not. After being forced to "donate" about $40,000 in cash and $40,000 in Bitcoin to their Federal Asset Forfeiture slush fund we agreed to disagree and they dropped the charges. Defending me against the federal felony charge [Operating a business without a license, up to five years in prison and a $250,000 fine] did end up costing us almost $300,000 of our retirement funds, our daughter's college fund, our savings, and the equity in our house. You can read all about it here: http://www.jmwagner.com/http://www.burtw.com/However, if you sell your Bitcoins though an exchange you will not run into this specific issue since there is really no way they can call it a business, go after you, and then grab all the assets they can get their money grubbing hands on. Dear Burt, As a fellow-bitcoiner, I'm terribly sorry to read about your experience and the impact it has on your family's well-being. I think we all know who the real 'terrorists' are. -Inggrid @Gatecoin |
|
|
|
Any source or info that how will the ban take place and what all will be included in the ban? They can never ever ban bitcoin. You need to ban the whole of the internet to ban bitcoin, else monitoring the transactions of bitcoin from your country is impossible. From the Library of Congress website: http://www.loc.gov/law/help/bitcoin-survey/This report surveys forty foreign jurisdictions and the European Union, reporting on any regulations or statements from central banks or government offices on the handling of bitcoins as well as any significant use of bitcoins in business transactions. Topics covered include whether bitcoins are recognized as legal tender, the possibility of negative impacts on the national currency, concerns about fraud, and how transactions using the Bitcoin system are viewed by tax authorities. Of those countries surveyed, only a very few, notably China and Brazil, have specific regulations applicable to bitcoin use. There is widespread concern about the Bitcoin system’s possible impact on national currencies, its potential for criminal misuse, and the implications of its use for taxation. Overall, the findings of this report reveal that the debate over how to deal with this new virtual currency is still in its infancy. |
|
|
|
Bitcoin volatility has boomed over the past few weeks (see https://btcvol.info/). Traders need to protect their gains and limit their losses in a simple & automatic way: this is why Stop Orders are now available on our exchange, Gatecoin.com! Traders on Gatecoin can use advanced orders to buy and sell digital currencies under dynamic price conditions. Those advanced orders are called stop orders. There are two types of stop orders: Triggered and Trailing orders. Those orders are powerful trading tools that give you a better monitoring of your Profits & Losses. |
|
|
|
|
Whether it's a good time to buy or sell really depends on your plan and perspective. Are you a day trader or more of a longer-term investor? Whatever you are, just make sure that you are trading using a reliable exchange so that you won't get any unpleasant surprises.
|
|
|
|
|
