Nowadays the Bitcoin's price dropped to about 600$, so i don't think that the price will going high quickly to reach 4000$, at least in the nearest future
This is right. bitcoin price is dropping very fast. I don't understand what is the reason of bitcoin's price dropping like that. now bitcoin price is 550$. and 4000$ is far far away from it. I don't think bitcoin price can reach to this mark at all.. bitcoin need more demands and markets. The price drop is likely due to the large hack of an exchange in China. Something like 70 million dollars worth of bitcoins were stolen. Generally, hacks that large tank the price because it introduces fear and uncertainty in the market, which the market does not handle well and people flee to safety. And that is the right time to buy while the price is low, we all know that it's worth much more than what it's worth currently. If retards would stop keeping their BitCoin on central exchanges, we wouldn't have this problem anymore. Yeah price is good to buy some coins at a moment as price is affordable for us to make some investments but don't expect $4k price in quick time as its simply impossible. i think right now it is always good to buy some bitcoins because it is going to grow huge, i think we can reach 4000 in like 2 years or so One thing people never think about when they're floating all these crazy numbers (like $4,000) is this: are you willing to buy bitcoin at $4,000? If not, why would you think anyone else would? Do you think you'll be willing to pay $4,000 in two years for a bitcoin? If not, you shouldn't waste your time posting about $4,000, because it's not rational to expect that everyone except you is going to be willing to pay $4,000 per coin in two years. |
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Nowadays the Bitcoin's price dropped to about 600$, so i don't think that the price will going high quickly to reach 4000$, at least in the nearest future
This is right. bitcoin price is dropping very fast. I don't understand what is the reason of bitcoin's price dropping like that. now bitcoin price is 550$. and 4000$ is far far away from it. I don't think bitcoin price can reach to this mark at all.. bitcoin need more demands and markets. The price drop is likely due to the large hack of an exchange in China. Something like 70 million dollars worth of bitcoins were stolen. Generally, hacks that large tank the price because it introduces fear and uncertainty in the market, which the market does not handle well and people flee to safety. And that is the right time to buy while the price is low, we all know that it's worth much more than what it's worth currently. If retards would stop keeping their BitCoin on central exchanges, we wouldn't have this problem anymore. And if exchanges employed adequate security, it wouldn't happen either. Instead of blaming the victims, you might blame the people who are directly responsible for hacks, and that is the people who set up an exchange and then fail to employ the security measures necessary to keep the coins safe. |
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Good thing that the guy who was charged of money laundering was ruled as not guilty. Though it is like an entrapment to me as they are police that pretended to be interested on the bitcoins. People are not aware of bitcoins. Some were unaware of what it can do. The buyer maybe was intrigued by the bitcoin and thought that he was being duped by this guy that there is such a thing and then filed a case. Hope that maybe one day bitcoin will be famous enough to the entire world and can be considered as a real thing.
Definitely sounding like entrapment, but I don't know all the details of the story so there are a lot of things that aren't necessarily accurate to assume. If the cops forced him into it then I can see something like that being an issue, but it sounds like he did it on his own accord. Then again I don't know much about entrapment laws so take my opinion with a grain of salt. A Florida judge ruling Bitcoin as not being money though, might be a good thing. I'll wait and see what comes of this, but this might make it harder to tax, or difficult to classify. It is a fair bit of entrapment because in order to make a charge of money laundering, the agents told him that they intended to use the bitcoin to commit a crime, and then when he sold it to them anyway, they charged that he was money laundering. They essentially entrapped him into a money laundering charge, which would not have arisen but for the intentional entrapment of the agents. Nothing the man was doing would have been money laundering outside of the government's actions, that's why it is entrapment. |
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Of course he will toss charges. Its hard to believe for me that a country which insists a lot in promoting itself as a Free Country like USA will want to put in jail some person just because he is selling some bitcoin. The agent may wanted to make this a case but Espinoza the guy who sold the coins to a agent undercover have not broke any law in USA. Its without a doubt a right decision from the judge although not an expert in economics. Lastly its funny how the agent wanted to make this a case of money laundering with only 3-4 bitcoin involved which is maximum amount of 3000 USD at the best. This sum is not considered a big one and is was the right decision from the judge to not charge guilty Espinoza for selling such low amount.
Money laundering is a serious crime.  People hiding their money from thieving scumbags called politicians... a serious crime? surely not. That's not at all what money laundering is. Money laundering is the obfuscation of the origins or ill-gotten gains. It's not hiding it from politicians, it's lying about where it came from to the IRS, and since money laundering is associated with a lot of violent crime, it is a serious crime. |
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I think so. The difficulty doubles every halving and that means it becomes difficult over time exponentially and not linearly. It matters to the miners out there, they have to push before the next halving occurs or they will mine it twice harder. To people who don't do mining at all, halving also matters because it somehow increases the price of bitcoin. Bitcoin's price at first isn't that much because we haven't passed any halving yet and because Bitcoin is still new. If we pass more halvings and more people started to invest in gambling, there will be scarcity in the supply of Bitcoin and scarcity makes the value of something higher.
The difficulty does not double every halving, in fact the difficulty is unrelated to the halving at all. Difficulty is only affected by the number of hashes being performed. You can see in this graph that the difficulty has already more than doubled in just the first 8 months of this year.  |
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&Too many hungry miners Need to sell
I am a miner. I will not sell below $10. In fact, I am also buying. The price will be $50 later this year. see if you still say that if it drops to $5, $4, $3 etc. It is human nature to panic when something is going down. That is right. I think the Ethereum will be used widely by the smart contract business. So the value could rise. Yes, it's not going away anytime soon, by the contrary, price could rise because there are real projects building on top of it. So far most DAPPs indicated they will continue to use ETH not ETC. From the comments on the reddit, most developers will only support the ETH but not the ETC in the future. So it is possible that the ETC will become obsolete or it can just copy the codes from the ETH development. Yes, it will have to. ETC is the legitimate chain, ETH is the corrupted chain. But all the developers are behind ETH, so ETC will have no proper development unless it copies what ETH is doing. And it will have to to stay relevant. |
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For the users whose claim rates have been reduced, are you using an app to access the website or accessing it directly from your mobile browser? Can you also pm me your user id's.
I'm using it in the mobile browser, and the rate suddenly halved a couple days ago. The listed payouts show this as well: 0-9885 = 166 sats currently, so it's not like it's advertising the old amounts and then paying out half that. I believe it was in the 360s previously. Can you check now and let me know please. Still the same issue. It's come up a bit to the 170s sat on the lowest tier, but I'm assuming that's because of the drop in btc price. Otherwise, I would have expected it to be around the 360s. 170? 352 is lowest reward. You are wrong m8, when btc go down, rewards go up and other way, so you can always win 200$ as highest or 0,002$ as lowest reward If you don't know what you're talking about, please don't stick your valueless comments in. Obviously there is an issue and that's what I'm trying to get to the bottom of. You've contributed nothing towards solving the issue. For the users whose claim rates have been reduced, are you using an app to access the website or accessing it directly from your mobile browser? Can you also pm me your user id's.
I'm using it in the mobile browser, and the rate suddenly halved a couple days ago. The listed payouts show this as well: 0-9885 = 166 sats currently, so it's not like it's advertising the old amounts and then paying out half that. I believe it was in the 360s previously. Can you check now and let me know please. Still the same issue. It's come up a bit to the 170s sat on the lowest tier, but I'm assuming that's because of the drop in btc price. Otherwise, I would have expected it to be around the 360s. Can you please pm me your user id? I have done so. |
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Peak of production is set at 2030, so price rise shouldn't be that big before this period.
By 2020 or 2025, scientists will be able to create artificial or synthetic crude oil from cheap raw materials. So natural crude won't last up to 2030. Using what process? Oil forms over millions of years of intense pressure, so even if the raw materials to make synthetic oil is cheap, the process likely is not to be. I doubt very much synthetic oil ever playing a major role in the energy economy. |
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Let's just all pray that the previous decrease of bitcoin's price was because of the hackers of Bitfinex has converted their 129KBTC and let's pray that they're done dumping their coins. Because if they aren't done yet and they plan that they will dump all of them at once, then OP's statement might come true. Otherwise, the price of bitcoin shall rise once again. Everybody's waiting for the price increase that is caused by the previous halving.
The hacker go t 119k not 129k bitcoin. But he already made a lot of money by shorting the bitcoin. Source on this? This is the first I'm hearing about the hacker shorting Bitcoin. Doesn't sound very credible tbh. Well sorry but I would do the same. You got 120 k coins, you sell slowly 10k the you short btc with max leverage then you fast sell 50k coins. Big profit ahead. That didn't answer the question. It's just speculation that the hacker shorted btc at this point, no one provided any evidence he did. I find it dubious. |
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It's coming
EDIT: This topic is my proof. Everyone thinks that it's not possible but why not?
I call it a bubble.
a few days ago when the price started to decrease then I remembered this thread, but thanks God that it did not happen and the price once again started to increase and will come to increase than $600 sooner $350 will never happen again. If it does happen, it means the bitcoin is a dead coin, the price will be zero. This is one of the least intelligent opinions I've read in this thread. First, $350 is likely again because Bitcoin is extremely volatile. Second, $350 doesn't mean it's a dead coin. A dead coin is worth fractions of a penny. Perhaps you might be able to spot the difference between $350 and $0.001. |
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Let's just all pray that the previous decrease of bitcoin's price was because of the hackers of Bitfinex has converted their 129KBTC and let's pray that they're done dumping their coins. Because if they aren't done yet and they plan that they will dump all of them at once, then OP's statement might come true. Otherwise, the price of bitcoin shall rise once again. Everybody's waiting for the price increase that is caused by the previous halving.
The hacker go t 119k not 129k bitcoin. But he already made a lot of money by shorting the bitcoin. Source on this? This is the first I'm hearing about the hacker shorting Bitcoin. Doesn't sound very credible tbh. |
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To be considered as money it should be first defined by law as such. So, like the judge said, as a payment instrument. I think that biggest advantage but at the same time also the biggest problem of.Bitcoin is that that is not precisely definedw by law and that gives a lot of space for different interpretations.
If you ask me, money laundering should not be prosecuted at all, since it is not directly harming anyone. It is just an indirect way of trying to suppress crime that is not easy to suppress directly. However, by introducing such "secondary crimes" the probability of unjustified convictions rises significantly. I disagree with this. Prosecuting money laundering is absolutely essential. Money laundering increases crime by elevating the black market rates of illegal activities, thereby creating more of those illegal activities and the violence that goes with them. If it was impossible to launder funds, the price of black market activities would likely be less because there would be no way to reduce the risk of the transactions afterwards by washing the funds and reintroducing them to the economy. Not to mention that money laundering is an income source that makes it possible to fund some of the most dangerous criminals in the world, including the most violent drug cartels in Mexico and Islamic radicals in the Middle East. |
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Nowadays the Bitcoin's price dropped to about 600$, so i don't think that the price will going high quickly to reach 4000$, at least in the nearest future
This is right. bitcoin price is dropping very fast. I don't understand what is the reason of bitcoin's price dropping like that. now bitcoin price is 550$. and 4000$ is far far away from it. I don't think bitcoin price can reach to this mark at all.. bitcoin need more demands and markets. The price drop is likely due to the large hack of an exchange in China. Something like 70 million dollars worth of bitcoins were stolen. Generally, hacks that large tank the price because it introduces fear and uncertainty in the market, which the market does not handle well and people flee to safety. |
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I think that bitcoin will not grow 20x always.I think that bitcoin price will grow how much is market size growing.Like example if market cap grow 2x bitcoin price will grow 2x.
This is literally not possible because the number of coins is increasing and the market cap is the number of coins multiplied by the price. So while coins are increasing, market cap and price cannot grow at the same rate. |
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For the users whose claim rates have been reduced, are you using an app to access the website or accessing it directly from your mobile browser? Can you also pm me your user id's.
I'm using it in the mobile browser, and the rate suddenly halved a couple days ago. The listed payouts show this as well: 0-9885 = 166 sats currently, so it's not like it's advertising the old amounts and then paying out half that. I believe it was in the 360s previously. Can you check now and let me know please. Still the same issue. It's come up a bit to the 170s sat on the lowest tier, but I'm assuming that's because of the drop in btc price. Otherwise, I would have expected it to be around the 360s. |
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We've got to be very precise. The judge didn't say BTC wasn't money, but that it isn't the equivalent of money, and that AML regulations aren't applicable to this particular case.
The judge actually did say bitcoin wasn't money. If you read the decision, the judge wrote: Secondly, the Defendant does not fall under the definition of "payment instrument seller" found in Section 560.103(29), Fla. Stat. because Bitcoin does not fall under the statutory definition of "payment instrument." The federal government, for example, has decided to treat virtual currency as property for federal tax purposes (See I.R.S Notice 2014-21...). "Virtual Currency" is not included in the statutory definition of a "payment instrument;" nor does Bitcoin fit into one of the defined categories listed. i.e., Bitcoin is not money. |
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Is this a legal precedent? Can someone explain what this will mean for the future of Bitcoin?
It's a law court. It sets a precedent, but not one that can be expected to last. Courts of equal stature can look to this decision to be persuasive, but not binding on their own decisions, and it can be overruled by an appeals court. So it is a legal precedent, but not a strong one. |
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there was no significant effect of halving, and today has decreased. but I can not judge at this time, because we have to see until the end of the year. may be the effect of halving the coming few months of the close of the year.
The effect of the halving could be felt in 6 to 12 months. There will be fewer bitcoins and the price will rise. In 6 or 12 months, there will be more bitcoins in existence than there are now, so this doesn't make sense. Total supply will continue to rise, and it's only if demand for bitcoins rises faster than supply that the price will increase. |
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there was no significant effect of halving, and today has decreased. but I can not judge at this time, because we have to see until the end of the year. may be the effect of halving the coming few months of the close of the year.
The halving made its impact before the halving occurred. The price more than doubled in the 8 or so months before the actual halving. If you believe that the halving would impact the price, this is your data to prove your point. People who expect the price to double after the halving don't understand how markets or investing work. |
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Hopefully eth price does drop further and ETC goes up to where ETH is at at the moment. I think soon enough both are destined to fail but at least hopefully i can squeeze the last bit of profit out of it that i can.
Ethereum has got a life after hard fork, and I think now it does not have any chance to go to sub $1 , and ETC is copying ETH, I cannot say that it will have any future as it does not represent a unique image but just a copy of ETH and competing ETH. You appear to be confused ETC is not copying ETH. ETC is ETH! Its exactly the same ETH that existed before some people of questionable moral tried to HF their fuck up away. Basically it the chains continuation with the HF never happening. If anything is a copy of ETH its ETH HF version itself. The have taken the original ETH chain which is now known as ETC (the ETH chain that didnt stop). Altered some transactions they didnt like and pretended they never happened and started a new chain. The best solution to this whole fucking mess would be that ETC should have been given the code ETH and the morally bankrupt hardforkers should tace had to get a new code to describe their new coin. Because its no longer ETH. It sounds essentially like this hardfork was a successful 51% attack. You have a group of people who control a majority of the mining power, and they decide to alter the blockchain (which is supposed to be immutable - that's the entire point of it) and essentially edit out transactions they don't like to return coins to certain people (a double spend!) and continue on in a new chain that renders moot the previous blocks. But in this case, we're calling this a good thing? Violating the core principle of blockchain-based crypto is a good thing? How far have the leaders of ETH fallen that they can violate the most important principle of crypto and view it as the right thing to do? |
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