Bitcoin Forum
May 26, 2024, 04:50:53 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 [2] 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 »
21  Bitcoin / Bitcoin Discussion / Re: Lost private key. on: December 13, 2017, 04:07:10 AM
I assume that you are using an Ethereum wallet and not a Bitcoin wallet cause you are pertaining to tokens.

Private keys is the most essential with any kind of cryptocurrency wallets so if you lose it then there is no way you can retreive your wallets. You have no any insurance in getting back your tokens anymore but if you still have an access to your Keystore File(UTC/JSON) with password then you can still login to your Ethereum address.
22  Economy / Economics / Re: Why you should worry this is a bubble on: December 12, 2017, 01:32:43 PM
More and more people now are getting into Bitcoin no matter what negative issues are being thrown to it and guess what the price is increasing rapidly and then there is an another 'Nobel Individual' speaks about the bubble, anything can happens in the future and they are just predicting their prediction base on their ideology and we can't blame them with that but if they are wrong about in what they told to us then they become silent supporters eventually.

I would not worry if a bubble may occur as I have not invested a big amount of my hard earned money to Bitcoin though cause I earned a good amount of money from it.

23  Bitcoin / Bitcoin Discussion / Re: More than 400,000 transactions in a single day on: December 12, 2017, 12:39:54 AM
August 4, 2017 is the last below 200k recorded transactions per day and the price since that date is increasing up to this day despite of issues that against to Bitcoin so it's very true that a massive transactions is one of the main reason of the Bitcoin's growth.

How I wonder if Segwit2x was fully implemented in the Bitcoin network as we all know that the main purpose of this is to increase the blocksize and afterwards lightning network will take place, maybe it will cater all this 400k+ transaction in a day with much more faster and cheaper tx's, who knows.
24  Alternate cryptocurrencies / Altcoin Discussion / Re: This alt section should have an alt graveyard sub thread on: December 10, 2017, 11:24:21 PM
That would be nice though as people will tend to discuss the cause and effect of a coin's fall but I think moderators will not make such thing because a dead coin will not make any impact or contribute to this forum even if it is only a 'sub thread'.

Holding will still be the best choice for those crypto coins that is worth to hold and at the end of the day investments are risky. I never invested to any shit/dead coin but I once invested my money to SiaCoin for a try and it went no good for me though but it's still alive now. for what is dead must remain dead and must not be resurrected.
25  Economy / Speculation / Re: Price BTC in 2019? on: December 10, 2017, 09:34:48 PM
Hi guys, as you know about very high bitcoin prices, will it get to $ 100k? what do you think about bitcoin prices in 2019

It's only 2017 and you want to know what will be the price of Bitcoin in 2019.

Everything is possible, Bitcoin is so volatile from the start of this year and it grows more than 1000 percent since the first month. If I will base my judgement on what happened in the graph of the Bitcoin market with this current year then apply it to the Bitcoin market of 2018 and 2019 then that $100k per bitcoin is not so impossible though as the price of each coin will become $1.4m if the price increase will go linear to what is happening right now.

26  Bitcoin / Bitcoin Discussion / Re: 220k unconfirmed transactions on: December 08, 2017, 05:43:59 PM
The law of supply and demand is indeed happening with the bitcoin network right now as the number of transactions goes high the fees are also getting high and we can't do anything about it but to increase our tx's fees in able to send faster. I already sent some of my 0.005 Bitcoins to a specific website with a fees of 102 sats/byte and the estimated time in minutes is 25-1140 so my max waiting time for that to confirm is 19 hrs.

The massive increase in the price of Bitcoin is historical and many people now are getting confident in investing into it so the Bitcoin network right now is congested of transactions and let's hope that it will soon stabilize and same goes with the price and fees.

27  Economy / Speculation / Re: 15k treshold...hold or fold? on: December 07, 2017, 08:52:27 PM
Since I started doing some Bitcoin related stuffs last year the price of it was only less than $700 and when the first month of the year 2017 comes it breaks the $1000 barrier once again and that's the time I am so happy about it because I have a good amount of Bitcoins but now is different because the increase per week is almost $1000 plus and not stopping as it's already doubled the price within just 1 month.

Many people that have a good amount of Bitcoin back then are sure regretting their decisions to sell off their holdings early and not waited for this time to come but again no one knows what will really happen in the future but one thing is for sure now Bitcoin is going up drastically. It is a matter of choice and patience to hold or fold.
28  Bitcoin / Bitcoin Discussion / Re: Suffering from If Only Syndrome Re: $902,159.15 on: December 05, 2017, 01:47:45 AM
It seems that you created a new account just to post this and to hide your identity(much more facepalm if you show your true account w/address), I understand it btw.

You are not alone because all of the people that's using Bitcoin for a long term now are experiencing that regret of a lifetime. In my active Bitcoin address I have a $19k+ total receive Bitcoins but I felt like I only used about $2k+ from it, and I only created it last year of October. Earning a single Bitcoin nowadays is so hard and you received your 78 BTC with less than 1 month before. 

'Only if' is a stressing 2 words that will come up to our mind when we look up to our Bitcoin addresses that we knew to have an appreciating value over time that we just only spent because we need to have that money in real life. Only if we could see what the future brings.
29  Bitcoin / Press / [2017-12-02] Novogratz: There May Be a Bubble in Bitcoin, But Bitcoin Itself ... on: December 02, 2017, 06:04:08 PM
Novogratz: There May Be a Bubble in Bitcoin, But Bitcoin Itself Isn’t a Bubble


Legendary billionaire hedge fund investor Mike Novogratz stated that there may be a bubble in bitcoin in certain regions but the cryptocurrency itself isn’t a bubble.

As CCN previously reported, Novogratz noted that bitcoin and the cryptocurrency market could become the biggest bubble “of our lifetimes.”

“I think this [crypto] is going to be the biggest bubble of our lifetimes by a long shot. To be fair, this is a bubble and there’s a lot of fraud mixed in. We look at tons of projects. And some get funded, and they literally look like Ponzis,” said Novogratz.

Novogratz further emphasized that there were many bubbles in the past around innovative and revolutionary technologies such as the Internet. The dotcom bubble for instance overvalued projects by significant margins, with several companies selling at billions of dollars by owning a domain or an online business.

But, the Internet itself was evidently not a bubble. It has transformed every industry in the world by revolutionizing communication and processing of information. There was a bubble around Internet, as demonstrated by the dotcom era, however the technology itself was not a bubble, a fraud, or a scam.

READ MORE

I think this is true we can't compare bitcoin with the previous bubbles such as dot com and tulip bubble, bitcoin is way different from those two. Bitcoin has a lot of investors that will never it burst if it is a bubble.

30  Bitcoin / Press / Re: [2017-12-02] Get a Forkful of Bitcoin This Christmas! on: December 02, 2017, 05:05:41 PM
I don't think that people still cares about those fork coins, Most of them are just letting it happen and
will just dump those coins once they receive it. After what they experienced from BCH's pump before,
 people will be more hesitant on investing on the upcoming forked coins and will just see it as a normal token coin from ICO's
31  Economy / Speculation / Re: BITCOIN PREDICTIONS BY SUMMER 2018 on: December 02, 2017, 04:33:26 PM
OBVIOUSLY, IT SHOULD BE CLEAR AS DAY THAT BTC HAS LEGS .. ANYONE THINK IT CAN REALISTICALLY HIT THE 50K MARK WITHIN A YEAR? OR IS THIS A BUBBLE READY TO BURST? WHERE DO YOU SEE IT SITTING SUMMER OF 2018?

SPEAK ON IT

I remembered few months ago people are just asking if bitcoin would hit $8000 to $10,000 before the year ends, that was when the price was around $5,000 per coin and now that it hit the $10,000 people are now asking if bitcoin can hit $50,000 in less than 6 months. I appreciate the enthusiasm of people about the price of the coin but we need to be realistic. Once bitcoin doubled it's price from today other people will think that it is a bubble because of it's rapid increase on prices.

We must consider factors that some people are just waiting for a specific price and will eventually dump their coins usually intervals of $5K and $10K to $50K will pass through it a lot. During these intervals bitcoin's price will take some times before the price stabilize, like what happened when it hit the $10k level in fact until now price is still trying to stabilize. So i don't think $50k by summer of 2018 is feasible.
32  Economy / Speculation / Re: Bitcoin Can Be 1 Million in 2020 on: December 02, 2017, 04:26:14 PM
Bitcoin price increased 2.5 times during 2016.From 450 to 1100 USD.
It increased more than 10 times during 2017.1100>10800 USD.(These numbers aren`t very accurate Grin )
What if the bitcoin price increase 20 times during 2018?
If there`s no mass worldwide cryptocurrency ban and all countries and banks adopt bitcoin+blockchain.
The btc price could hit 220000 USD next December.This is a very optimistic scenario,i know. Smiley

This is really a very optimistic scenario that I would love to see by 2020 but we need to be realistic. Increase on price from $1100 to $10,000 for 2017 is still acceptable but imagine how will people react if by 2018 bitcoin will do the same rate of almost 1000%. There are too many people who can afford to put an investment of $10,000 per coin once it reached $50,000 there will be fewer market for it. At this time I would prefer bitcoin increasing it's price slowly.
33  Economy / Economics / Re: BTC rate when bitcoin will mined on: December 02, 2017, 04:17:00 PM
What do you think will happen with the bitcoin rate when it will be completely mined? I've heard quite opposite opinions on this issue.
And some (like me) believe that nothing will change for a long time after this.


I think that if bitcoin will still be existed at that time it is probably going to be the main global currency.

Bitcoin mining is going to be stopped at the year of 2140( we all won't live to see that), and I think that if miners will keep mining for fees only( as there won't be any block rewards), it means that the fee amount is going to be very high , which also means that there is a large usage for the bitcoin network, and if there will be so large usage for the bitcoin network it means that bitcoin will be one of the main world currencies.

I don't think that fees will go high if all all the coins are already mined. More transaction fees can be included on the blocks and it can definitely compensate the absence of the rewards per block. What is needed is that the price of bitcoin should go up by that time because less rewards means less bitcoin per member of a pool. Bad thing we will not see what will really happen by that time, and we are not sure if the last bitcoin will be mined.
34  Economy / Economics / Re: Where Will The Digital Economy Take Us? on: December 02, 2017, 03:39:36 PM
What will happen with Blockchain technology in the next 50 years?

Blockchain technology will definitely be used widely in the future, the world is going into phased where technology is being used everywhere. The only question is will it be bitcoin or governments will create a new crypto currency using the same technology. On the current hype that bitcoin is having almost all of the authorities are skeptical about it, they are seeing it as a threat on their current fiat system and might replace it. Bitcoin community doesn't agree on bitcoin being regulated and government won't accept something instantly specially if they can't control it.
35  Bitcoin / Press / Re: [2017-11-30] McDonalds to accept Bitcoin by 2018 on: December 02, 2017, 12:38:23 PM
I don't know why people are reacting negatively about this, Bitcoin was created to be a currency to be used for purchases. Why would you think that this kind of news is irrelevant on the current price increase. If we are always going to consider bitcoin just being an asset then it will really pop after some times. Bitcoin needs to have more uses than being an asset for it's price to stabilize in the future. I think this kind of news if implemented would really help entice more investors to be in bitcoin.
36  Other / Beginners & Help / Re: Bitcoin without mining on: December 02, 2017, 12:00:35 PM
you can get BTC through giving services, buying or join signature campaign.
The money you would invest into a mining equipment, use it to buy BTC, that's the fastest way, mining altcoin "might" be profitable but for sure not with bitcoin.

That is definitely incorrect if I am set to buy BTC 1.0 I would rather spend my capital in buying ASIC machines rather than buying a Bitcoin. People who keeps on saying that "mining is dead" are mostly the miners who are also releasing FUDs against mining to lessen their competition. Try computing the profit that they are getting everyday and you can see that you can still earn from it.

Profit will always be based on income less your expenses and since mining expenses are mostly from your electricity cost, once the price of bitcoin increased your expense will be lesser in terms of bitcoin. And now since the price of bitcoin keeps on increasing I would say mining will always be profitable.
37  Bitcoin / Bitcoin Discussion / Re: Indonesian Government Banned Bitcoin on: December 02, 2017, 11:53:29 AM
It is Bank Indonesia who is setting the regulations for the crypto currency, they are going to put a ban on it in 2018. Most probably their reason is because in their country almost 66% of their population don't have a bank account and tey are seeing crypto currency as a competition for their banking industry. This move to ban crypto currency will somehow force their citizens to become more actively involved in their banking system and at least limit their options.
38  Economy / Speculation / Re: If you still think BTC will never reach $50,000 ... on: December 02, 2017, 11:04:08 AM
I always believe that Bitcoin price can reach to 50k$ in the future but the only thing make me don't believe is some people said that Bitcoin price could reach to this peak in 2018 Smiley). I think it'll take much longer than that for Bitcoin price to reach to 50k$, not only in 1 year. Maybe 3 or 4 more year but I ensure that Bitcoin price can reach to 50k$ or maybe even more.

On one can really tell if what will happen in bitcoin's price, $50,000 per coin is really achievable but no one really knows when, on the current price of $11,080 bitcoin was able to gain more than 11% in 24 hours there are factors that affected this increase and we don't know how long bitcoin will have this kind of increase in  a daily basis. CME's bitcoin futures news is really affecting bitcoin's price is a positive way this may help it to reach that price in a shorter period of time.
39  Bitcoin / Press / [2017-12-02] JPMorgan Strategist:Bitcoin Futures Could ‘Elevate Crypto..... on: December 02, 2017, 02:41:11 AM
JPMorgan Strategist: Bitcoin Futures Could ‘Elevate Cryptocurrencies Into an Emerging Asset Class’


JPMorgan CEO Jamie Dimon might consider bitcoin to be a “fraud” that “will not end well,” but one of his top strategists anticipates that the launch of bitcoin futures could turn cryptocurrencies into “an emerging asset class.”

As reported by CNBC, Nikolaos Panigirtzoglou, a global markets strategist at JPMorgan, said Friday that the addition of bitcoin futures contracts to regulated trading platforms will lend credibility to cryptocurrency, making it more appealing to both institutional and retail investors.

“The prospective launch of bitcoin futures contracts by established exchanges in particular has the potential to add legitimacy and thus increase the appeal of the cryptocurrency market to both retail and institutional investors,” Panigirtzoglou said in a report.

This prediction is no longer just a mere hypothetical. Following months of anticipation, Chicago derivatives exchange CME revealed Friday that it had received CFTC approval to begin trading bitcoin futures on December 18. In a separate announcement, fellow Chicago trading platform CBOE stated that it had filed a product certification for a bitcoin futures product with the CFTC. Nasdaq Inc. and Cantor are also reportedly planning to launch bitcoin derivatives.

Although the futures will be cash-settled — meaning that no actual bitcoins will change hands during any part of the transaction — several mainstream financial analysts believe that the presence of bitcoin-derived products on regulated exchanges will ultimately reduce the volatility of the underlying markets and help the nascent asset class to mature into a regular financial instrument.

READ MORE

Barely 3 months after their CEO called bitcoin as a fraud and even threatened his employees of being terminated just for owning one, their global markets strategist is now seeing bitcoin's bright future. Will Jamie Dimon fire him because of this statement or are they benefiting from the current price hype of bitcoin?



40  Economy / Speculation / Re: 7 forks based on BTC are on the way? That's insane and crazy on: December 01, 2017, 05:25:32 PM
Just look at these devs, trying to make some quick buck by creating forks of their own thinking that it would be successful as BCH. That's the only motivation I can see from these people that proposed new forks; they already deem that any fork would garner the same interest no matter what you call it because it is already imprinted within the market's mind that they could also make some quick buck in these events. If a fork don't contain any promising development, better not to support it.

I don't understand why they keep on doing that, are they hoping that they can still beat the boss. Bitcoin already proved that it is unbeatable after BCH and BTG forks and even the cancellation of the Segwit2x. When are they going to stop this non sense if they just want to have their own coin why don't they just create one from an ICO? People doesn't really care now if a new fork coin will be released unlike before when BCH was release we experienced a very unstable price during that time, but now most of the users are aware that forked coins are useless. And wait is that really 7 forked coins in one month?
Pages: « 1 [2] 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!