Future of Bitcoin Economics depends on mass adoption of Bitcoin. No body can predict accurately the true future of Bitcoin.
I imagined that the bitcoin in the future will worth 5000$ . The worth of bitcoin now is rapidly increasing because of it's power. Bitcoin might not be rising because of its power alone,we are seeing more investment in bitcoin ,that is true,but it makes no sense to make any blind prediction right now because you never know what the price would be one week from now.I am just riding the waves and looking to make a good investment in alt coin right now. Bitcoin's power is just making people attracted to it due to it's high price and high price alone. People who wants to get a good profit, try to invest their money in this digital currency, so we can't say that it is the power alone. Remember that, the higher the price, there will be more user, and obviously, high demand. But I don’t agree with it that the people are getting attracted to the bitcoin because of its high prices. In fact the high price of the Bitcoin is due to the high interest of people into getting the Bitcoin. This is known that the formula of the bitcoin price increase and decrease is not any secret. The price of the bitcoin is directly proportional to the demand of the Bitcoin. So, when we notice any increase in the price of the bitcoin it simple means that the demand for the bitcoin is increasing. |
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No, Because bitcoin is a digital currency that has transparent transactions. So, I believe and I think that bitcoin cannot be used as a tool for corruption.
asong as it. an be manipulated, it can be prone to corruption. there are whales that have large numbers of btc that can manipulate the movement of btc and if they want to, it can be corrupted. everything can lead to curruption as long as there are powerful people that succumb to greed Yes there are ways to corruption. Somewhere when I think of the anonymity of the Bitcoin and the crypto system, it is basically the first stage of the corruption that we enter to. As, we have no idea of whoever is involved and using the Bitcoin or the Alts and for what purpose are they actually being used. For many of the people it is a platform where they can easily accommodate their black money in the bitcoin. |
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i usually wait till bitcoin price decreas really hard so i can cash out all my bitcoin while its on high state and buy many bitcoins when the price is too low like last year where it hit atleast 500$ and im thankful because i found bitcoin as a profitable way and legal way and also i found that bitcoin price is constantly raising.
So i think it is both waiting the right increase or decrease to exchange your bitcoins into fiat then cashout. The price is impossible to go down at $500 because when i started in bitcoin the price keeps going upward .It will hard to buy at that price maybe we can buy only at below $1200-$1000 . As you can see the price of bitcoin is increase that fast and i wouldn't mind selling it i wonder if bitcoin become more expensive like what happen bitcoin already breach the price of 2000 dollars and lets wait for another level of bitcoin. it seems bitcoin will never in that price below. Yes that low price of bitcoin is not possible now as bitcoin has started to move in a positive direction so there is no scope that it will fall back to that level and in fact we will see the price of $3000 very soon so I will prefer to hold my coins till I see that price and at that price level will sell half of my bitcoins and rest half will save for the future. Well as we all know that the BTC is such a currency which is all time at a risk. What if the United States bans it ? And what if the UN passes a resolution against the decentralized currency ? If anything might happen like that then there will be a hard time for bitcoin and the alts as well to find their ways. But those impacts will be short term. People will find their own ways for starting living with cryptocurrencies among government's those regulations. |
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Not as per current situation, always not selling everything at one single prices/ in single day must be a good practices of investments. I too believe it is more sensible to hold bitcoins instead of finding any short term profit booking. This is because bitcoin is predicted to get $10,000 levels before end of this year. If prices are holding above $2000 levels for next few days then we can be sure bitcoin will reach 5 digit marks by end of this year.
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Most probably a correction (as it is not in considerable percentage to call it a crash) is happening. Right now bitstamp is trading -3.43% from yesterday's low 5% to 10% ups and downs are common for any commodity hence these fluctuations are not enough reasons to consider for any trend changes.
Some whales might have booked profits and some sense less panic traders must have followed them. Still, I am pretty sure we are going to have $3500 within this May month.
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Greed is human nature and also the only purpose of gambling is greed either monetary greed or greed in the wish to win something.
So how you are going to control your greed? Its true that gambling is hard to control, it is why many of us are keep on having a bad day or failed relationship with their family because of greediness. If we want to control greediness, just remember that the love of money will make you greedier. When someone enters to play gambling for money it means that he is a greedy one. It could better be controlled in case only to stay out of it. If you once enter a casino then there is no chance to control your greed. There will hardly be someone who would have self-control at time. Gambling will simply collapse everything including our relationship. When a gambler finds himself frustrated he needs only relief in the name of gambling just to prove himself by making big money in quick time, then going for gambling with big greed is most expected one alone. |
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There is no way that gambling can be seen as any type of investment, with investments you are guaranteed some profits after everything. But with gambling the is no guarantee you can win or lose everything.
I think it could be but it would be considered as a very risky investment. There is always some risk to any kind of investment whether it be a sure thing or something that is new to the world and you believe in it. You could try to control your gambling ways in order to be more efficient in making a profit for it. I do not want to risk my capital at any cost with gambling. Moreover people will never find returns from this investment, still people are ready to call it is a high-risk investment type  . I just wonder how people are believing in to an one way investment. Honestly I like to call gambling is not an investment just a spending. In short, we invest into gambling with the expectation of making good fortune which might lead to life changing. But gambling just gives frustration in returns, but people are not ready to blaming gambling but calling it a high-risk investment opportunity. |
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I play it completely for fun.When the fun stop,i stop my gambling.
Are you sure you are completely playing for fun? As I know those people that are playing for fun are those gamblers that are totally rich. Because if you are not that rich enough, you are going to gamble for the profit. And that's what I've been most of the time, the chance of making good money is what I hope. It is not necessary to be rich for the reason to enter the casino. It is a passion of some people to play game and mostly in the free time when you want to relax you visit a casino to refresh. It is not definite that everyone visiting there will be rich. People make budgeting so they can have fun. |
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I have sent BTC yesterday but one day passed it is not confirmed, I have raised mining fee, this sucks.
Bitcoin will obviously die for the millionth time. In reality these current problems are a necessary evil to force the bitcoin community to come to an agreement on how to scale the network for a much larger number of transactions. It obviously doesn't help you and the thousands of other people with these issues now but eventually these problems will be a thing of the past. Yeah the transactions fees suck but die? I don’t think that is happening anytime soon. No Sir, I think it will continue to grow just like it has been doing this past month. There will eventually have to be a fix for this but in the mean time if you just store wealth and don’t move it around to much than you should really have that much of a problem I wouldn’t think. Just wait for it to all be fixed is my advice. |
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At the moment I can't realy save the bitcoins but I'm trying to change that and from my perspective saving is for the need, for the future not for fun. Fun is spending bitcoins.  If the price continues to go that way bitcoin savings have the nice future. I also save my bitcoin for the future. How not very potential future bitcoin I do not want to miss it. So I keep some bitcoins to store until the future I agree with the ever increasing in price of bitcoin, we should be serious about saving it for our future. I save bitcoin not for fun because it would be a waste of opportunity if I save it for fun and spend it on entertaining myself on different things that is not important. Yeah people using the Bitcoin should consider it a serious asset for the future as it is slowly and gradually converting to an asset rather that to be used as a digital currency. The increase that we see in the price since the previous five months is enough for someone to understand the future value of the BTC. |
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i have three. i'll stick with them as i'm no good at trading. i don't know how people make the space in their brain to juggle all the coins around right now.
This is cool I am also not much good at trading and can’t even manage a vast range of portfolio. For me it is good to have fun and business both with all the five that I am holding. I am not much fond of increasing the number in my portfolio instead I am more interested in managing well with what I have at the time. |
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Doge last commit on github in 2015... Blackcoin same almost.
Your point is? BC is one of my favorites (and one of my huge "failures" (as I made like 4 BTC profit from it in 2 weeks, but it later reached such heights, that I've "lost" over $100k in potential profit)). Banks are sometime using a 50+ year old code. Well the potential profit loses are something you can’t blame any currency for it. What if we say that it is due to our own mistakes that we are not that able to judge the things properly in a good way which could benefit us the most and then we don’t accept our fault but blame something or someone other? |
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By definition, a black swan event is extremely difficult to predict, or is an unpredictable or unforeseen event.
So how can we talk about it?
Absolutely agree, the essence of this event is its unpredictability, however there is a popular tendency to consider a huge drop as a "black swan" because as a general rule, the usual result of that event is a great drop. Well guys I don’t understand that when will we accept the general logic that after every height there has to come a drop and this is how the things have to complete the life cycle. Now why does it happen is a good topic to be discussed. This is easy to understand as well so, that new things could come up. |
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Now that I've gotten your attention, I promise there's a method to my madness. We've all been arguing over Bitcoin XT and (now) Bitcoin Classic while ignoring that there's a real world outside of Bitcointalk and the endless schemes to get more Bitcoin. In the grand scheme of things, it's not even really all that important whether Bitcoin stands a chance of destroying traditional banks as long as Bitcoin or whatever replaces Bitcoin if it stumbles can carve out its own niche. But we're marching toward a world where things are going to be moving pretty fast in matters that don't necessarily have to do with economics and finances, except for maybe who's going to be holding the moneybags. Is it going to be us, or is it going to be the big banks, or is it going to be some Third World tyrant who may have gotten a little too big for his britches and doesn't have a graceful way out? What I'm getting at here is, are we absolutely sure we're making all the right strategic moves to make sure cryptocurrencies have a meaningful, sustainable future instead of just being seen as a funny little gimmick that went the way of Beanie Babies in a few decades? Should we be making alliances with other up-and-coming, innovative technologies to make sure we can achieve our long-term goals? This is something we'll have to consider if we want Bitcoin to have any kind of a future.
When I reading your entire paragraph, it doesn’t even make sense as of now. We don’t need bitcoin because in the end money doesn’t even matter. Okay sure but don’t even post that on a forum that is all about the coin. It doesn’t help anything. I think Bitcoin will continue to survive though and you will see that there are a lot of people that think the same thing. |
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If we don't have a bank account,earlier we would be called unbanked.But bitcoin allows us to be our own bank.Its one of the main reason for which i love bitcoin.Also unlike dollar,which is subject to inflation because of its unlimited supply,bitcoin is not subject to inflation because of its limited supply.Its an ever growing secured investment.
Yep no inflation. But then it is also not backed by anything so you can’t feel as safe as you would with the dollar. Also, you can’t buy everything that a dollar could buy with bitcoin. I don’t think bitcoin should really be compared to fiat currency because in my opinion it is a totally different thing. Some say it is the same though so you may be right. |
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when looking at below picture remember these: - bitcoin apart from increased adoption has been under a heavy spam attack.
- there is no block size problem in ethereum.
- number of etehreum transactions are ~0.3 bitcoin.
- there are lot of transaction in bitcoin mempool competing and causing the fee rise.
- there is no backlog in ethereum!
[im g]https://i.imgur.com/BXL45zJ.png[/img] just for fun: Buterin: "bitcoin transactions cost five cents.... it is absurd" fast forward to 2017: ethereum fees are 50 cents! and it is not even adopted by any real thing! I still dont get it why you people are so much concern about the fee. Just compare Bitcoin or ETH with fiat and you will realize how good the Bitcoin is with no taxes, no high fee for sending money outside of country, easy spending online and no more hassle of paper work required in order to get a credit card for online spending. Good points about the fees there. They are high but they are nothing like the fees for fiat for sending money across countries not to mention like you said, taxes. Anyway I see bitcoin more as a method of storing wealth than a currency for transaction for the most part. But regardless the fees are not insane even though they are higher than usual. |
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Indian market unocoin sells bitcoins approximately for $2470 and we can sell there for $2380 and bitstamp is right now trading at $1985.
I did see people were arbitrage trading with Korean exchange some times back, now Indian exchange offers similar opportunity. Plan up to gain easy and sure-shot profits.
Thank for this information, many of us trading will do research on what you just post now and if there is probability of arbitrage trade. $400 different is enough to cover exchangers and banking fees. Indians also have a very wide opportunity for other bitcoin trading, like margin, buying and hold and sltcoins flipping. Yeah, the difference is pretty good. But only Indian citizen can get account in places like Unocoin since they need government issued verification to buy/sell. I have an Unocoin account, but I dont know where to buy BTC for the actual trading cost. Can someone help me with that? Some place that sells BTC for Paypal or Debit card for people in other countries and without much verifications. There is a website called Virwox where people buy bitcoin with paypal. They actually buy Linden $ (SLL) and then sell it for Bitcoin. They charge high rates but but it´s worth it at the end if the gap is still so large. Another option is Localbitcoins but there sellers usually ask for many verifications. I guess this is not cool to buy the Bitcoin with the paypal. You will be needed to engage many more things with it if you have decided to do the purchase with the paypal, because of the requirements. Also the paypay charge you high fees and exchange rates are not in favor of the buyer. I prefer the localbitcoin. |
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There have been lots of suggestions on where to place your $50 but most are general so i'll concretely suggest placing your investment into an exchange and trade it for an altcoin with growth potential, specifically, I would suggest investing in Litecoin (LTC). This is just my opinion but do your own research and you should see the potential of LTC. Its a better version of bitcoin that will soon be integrated with newer technologies such as smart contracts, lightning network, etc.
Just do more research on LTC and you will see its potential. It is currently pretty undervalued.
Good luck!
Most of the suggestions were general because mostly people hesitate to give any suggestion to someone for the reason if things went wrong, they will be considered guilty of it. I think the LTC is not suitable for the 50 dollars trade. You should better get some study of the alts by yourself. You will find many options in it. |
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I want to generate a constant monthly gain. Is it possible to do this by bitcoin trading? So, can I just do this by dealing with BTC trading?
Are there any people among us who can make a living by trading in BTC?
I know few people that can make a living by trading btc. They can if they want but I doubt they are selling their btc. They are just using it for trading not for a living but they can. Yes it is possible that we can earn a living with btc trading. But today we can't say if there would be day trader that are keep on selling bitcoin, because many are still going to keep on holding as we believing the price of bitcoin is possible to increase very soon. And many newcomers will invest. Yes there are a number of users that use the bitcoin for the purpose of living. I am sure there are many who use to hold the Bitcoin for the future sake that they want to exchange in future to get high return on it, but we also can’t deny the fact that many of use it for living and sell every coin that is gained. |
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Nope. I don't think that trading is just educated guessing because if you are a true trader, you will not just guess what will be the price or the move of a particular cryptocurrency coin because you will do a lot of research and a lot of analyzation because that is how you things can be done especially the decisions that you will make in your trading journey great.
As far as I know an educated guess is not a guess done just because, an educated guess uses knowledge and experience in the field in order to try to better predict the outcome, so in my opinion trading successfully is in fact an educated guess. Yes, only an experienced person can have knowledge in guessing and it is not possible to person who is very new and fresh to trading. Exactly, the prediction will become true only when he as proper and exact guessing on the market. Yeah I agree for a beginner, this is not even possible because the crypto trading is not that simple you have to look at to many things while you trade. It is not only the price of the currency which should be reason of choice to trade because the crypto market can easily be manipulated. |
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