Bitcoin price is acting like it is related to the gold price. This is happening regardless of whether you or I think Bitcoin has or should have any inherent value.
Bitcoin may not be a wise store of wealth, but it is reaching and achieving Facebook-style dominating and recognition.
An even 1.0 Bitcoin to Gold Ratio was strong resistance for a long time, but now bitcoin has broken above it and the gold price may act as strong support.
Bitcoin has been acting like gold, not silver. And if bitcoin even began to move closer to the total market value of gold.
I don't feel any parity between Bitcoin and Gold. Gold is much-much stable as and when compared to Bitcoin. Even 2-3% gain/drop in case of Gold is big thing and matter of interest for business page of newspaper while Bitcoin's similar fluctuations are usual than anything. Bitcoin has provided new dimensions to the definition of volatility. |
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Winners list
Lontongmie123 9
GhostOn 1
kill 10
4738man 6
Tafsir 5
webtricks 12
Dipan 1
ralle14 1
bl4nkcode 1
Thanks for prize. It was fun playing. |
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Now that the value has exploded...
No doubt, Bitcoin prices exploded unexpectedly this year and probably gonna surprise us more by the end. But if we talk about friends and acquaintances, I guess I am first one to know about Bitcoin. So here case is different and others gain knowledge about Bitcoin from me. Opposite to motion, I encourage them about Bitcoin. |
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I don't think there is any mutual fund or something like that exist today. Yes, you can always go with the stocks, indices, forex or even a commodity trading with your bitcoin holdings. The sites like 1broker has that feature to trade in such options so that you can take the benefit of bitcoin's price appreciation as well as returns from your investment option.
Indeed there is nothing like Bitcoin Mutual Funds exist till now. However, I never recommend doing others form of trades with Bitcoin except altcoins. As if you go for, say, Forex with Bitcoin, you may be loosing when you think you are making profits. Bitcoin prices are prone to fluctuation and fluctuate every second whereas Forex prices remains relatively stable. So if look in broader sense maybe your btc never grow. |
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Not everything is bubble, indeed!
Not everytime inflated balloon burst, sometimes it just inflated or deflated. Suppose the price of commodity rose by 20-30% in a day due to sudden surge in demand and fell by 10-20% the next very day due to correction. Does that mean price of that could not cross the highest again and burst? Exactly not, commodity can rise again if there is potential to rise again in future.
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Not at all.No matter ho much does bitcoins price will reach it will never ever surpass and make fiat currency worthless,maybe if bitcoins gets too mainstream it can be use as a daily currency and fiat will be use less times than how we do it right now but will never be worthless
The price of bitcoin doesn't have something to do with the value and worth of fiat. Fiat is given to be the most popular way of buying things and receiving payment. And it will never be worthless unless the state will declare to everyone that they already dumped the usage of fiat, and that will be the time it will be worthless. No state gonna declare Bitcoin as mainstream until and unless it is pressurised to do so. And pressure could only be build through public movement. If we wanna see Bitcoin crossing fiat transactions, all we need to do is bring it to our daily use. When more and more transactions happen in Bitcoin daily, every government in the world would surely take a look at its case and either ban or promote cryptocurrencies. |
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What do you think,
How safe is to keep some BTC in the coldwallet for 20 years paying no attention to crypto world?
Na, don't go for 20 years at least! 20 years in too big for something to form, rise, develop and getting ruined. Especially, cryptocurrency is too volatile field and new developments take place here everyday. Maybe after 20 years bitcoin has no significance and something better developed by then, who knows bitcoin could even go through hard fork between these years and your coins will have zero value after 20 years. |
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Despite legitimacy with a white paper and all necessary documents, what is the easiest way to explain the benefits of ICOs to someone?
Who said toppings on ice-cream induce people to buy it. It is flavor that matters.There are hundreds of ICOs flooding through forum every month. Liberty to launch one own coins in internet world enthusiast everyone to go for his/her own. This also leads to creation of some shitty and nuisance coins. This is the main reason why critics and potential investors doubt each and every project which is justified too. After all someone giving out his money to unknowns over internet. However, if your project has flavor to attract investors nothing can stop you. But provided you develop something more than just another ETH coin or so.  |
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I think this thread belongs more to "Speculation" section than here. Well coming to topic. 1 year is very long period for Bitcoin market. There are several contingencies waiting for Bitcoin in this one year. Moreover, almost all factors affecting Bitcoin under this period are "variable" which implies no matter how detailed an estimation would be, it will simply be a wild guess  So my estimate is - double increase in natural rate of BTC users + Impact of regulation in atleast one more nation + Increase in Speculation = $5500. Hufff!! |
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Hello, "Here is my my Video about DCORP and the entry into contest". I have made it with all the hard work that I can put. I am wishing DCORP to be a success in the near future. This one is for you guys. Hope you like it and enjoy watching it. Youtube Link : https://www.youtube.com/watch?v=oP35YU8m2NgBTC Address: 12sPgUaXhwKvMr1toBqn7ybCQUF1y4SSGi Thank you.  lol the guy on the video look so sad Most likely just nervous. Probably inexperienced at making videos, but at least he made one Just like anything else in life, you'll get better as you do more. Also we cannot ignore the fact that video is getting good response. Better than 61 views !! |
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No doubt, Bitcoin is one of the best development of the 21st century. You have mentioned almost all the reasons for which it is consider so.
But in the end whole stress lies on price
I don't know why people stress so much on price when Bitcoin has so far committed to deliver much more as "money, store of value, debt, collateral, investment, security, and more".
If we stress more on its utility, price will automatically improves.
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I think in the presence of bitcoin will reduce unemployment, because searching for bitcoin also requires hard work and creativity, and competitiveness in bitcoin is also high almost similar to work in the real world
What is your opinion this time?
No doubt Bitcoin has provided a great source of income. People can make easy money online doing various jobs for Bitcoin. But is it really contributing significantly to society? The answer is no. I don't think Bitcoin hardly shares more than 3-5% of total online income. Also if we talk expansion of these figure, it is not possible. Imagine if members on btctalk forum increase 10x, will everyone be assured of signature earnings? Indeed no, Bitcoin industry need to expand more to be declare as promising way of income. |
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There are now many crypto analysts who are predicting that after this necessary correction which saw Bitcoin took some beating and is now in the $1800 - $1900 in many exchanges, Bitcoin can be reaching as high as 6K. Though I don't believe that it can reach the 6K level soon but I want it to reach 3K before the end of this year.
I believe that Bitcoin can fly soon...as in the past so will it be in the future!
Actually the correction was nothing but the removal of extra hype created by holders through speculative means. But it will be wrong to say that Bitcoin is not rising. It is indeed rising in terms of spread, reach, adopters and more. However, the prices we seen rising from $1.5k to $2.8k was unrealistic i.e. along with genuine rise it also included speculative rise as discussed above. But now as the speculative hype removed, we can again assume that Bitcoin will slowly start rising and could become $4.5k by the end of year. |
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Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?
Economy as a whole is the macro concept based upon the micro units of the country like individuals, firms, markets, etc. When all of them using Bitcoin, it leads to constant flow of Bitcoins between people which in return decrease the load of holding cash, printing cash, counting cash and more. Also people will be real owner of their money without any fear or interference of banks and authorities. Under such circumstances it is 100% sure that economy will be benefitted from such positive vibes and people will contribute more towards economy in form of consumption and investment than saving the amount. |
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If the price of bitcoin now, including already in bitcoin prices go to the moon, I think this is the beginning, because I think the bitcoin will reach the price even higher than the current price, so give a smile for the price now.
How about your opinion?
You should be optimistic. There has been really gusty waves for Bitcoin all over the world. Bitcoin base is spreading non-stop especially in Asian countries. However, the rise during last week was more than real increase. It included speculative bubble rise too which sooner or later burst. But the real adoption has sustained the dump from other end and prices are again going up from $2000. Yes, my personal opinion is that we could even see $4500 by the end of year if some buzz gonna happen in India or Australia. |
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I think this will not ever happen in 2017 bitcoin just hit 2500$ so in 2018 bitcoin is more than 2500$ for sure even though bitcoin just dumped value today.
Bitcoin value today is more than 2000$ only but in any instances the highest value of decrease is not more than 50% so there is a big chance that bitcoin will go rise and rise
Who knows the limits of Bitcoin. Your estimate is based on past experience but anything could happen when we are talking about most volatile asset ever. Currently Bitcoin is charming investment for people so they are going for it largely. But suppose many investors decide to leave market if present dump continues to $1500-1600. In that scenario, it will be almost unable for Bitcoin to rise again as it did last week because number of real adopters will decrease. Thus owing to speculation of rest of investors, Bitcoin can go below $1000. However, possibility is very meager. |
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Any idea how many billions of dollars off total major cryptocoins' capitalization has been lost during last 3 days in this dump?
It has to be huge amount. I know the market cap is just virtual number, but still its staggering. If this happened in real world's markets, that would mean epic disaster for global economy.
You can easily ascertain market cap on CoinMarketCap for every cryptocurrency over any period. By the way, this can never happen in real economy because estimated market caps as we measure in case of cryptocurrencies won't happen in real world. In real world, market cap is actually backed by equivalent money suppose if we say market cap of Google is $40 billion, it actually means total asset worth of Google is $40B. That is the reason why we don't see volatility as of Bitcoin in real world. |
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I think and I am predicting that a BIG CRASH is coming within the next 10 days.
So becareful and sell as soon as possible, before the boat sinks.
Interesting, you know what you have just written! You are inducing people to sell our their bitcoin before price could fall. Do you really know how price fall? It is when people largely sell off their Bitcoins. So if we consider this situation, you are saying people to escape consequences by selling Bitcoins which itself contribute to that consequences !! Presently Bitcoin is rising because people showing their support for Bitcoin all over the world. Indian wallet company, Zebpay has to impose the limit of $800 for everyone because everyone just wanna buy as many Bitcoins as they can. Indian prices have surge to $3300+, this time it is not 2013. This time it is real adoption which means real power to Bitcoin. |
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