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Almost anyone that is into trading will surely call Bitcoin is a bubble because of its current price and the volatility of it is so high that the price of it increases in just a short period of time comparing to some other Foreign currencies in the real world. I really do believe that Bitcoin will still go up in the next few years for as long as it survives the problems of Hard Fork and some future issues that may arise.
Many people also see Bitcoin as an asset for future investment instead of a digital currency that can buy and sell goods and services online because it is more worth to hold it than to spend it though.
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Bitcoin is indeed sees by many as an investment more than a real digital currency that can be use to buy goods and other services online and we can't deny that because the price growth of it is so huge in just a short period of time, even me is feeling regret when I spend my previous Bitcoins because after a time it increases drastically and especially those time that I withdraww my huge amount of Bitcoin with a deep of $1,800 and tomorrow after that it bounces to $3,000 a piece.
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I really lol'ed at this one. It seems that Siberian people are too innovative in making heaters at their home by making a miner hardware to heat their homes while earning a good amount of cryptocurrencies, it just like hitting 2 birds with 1 stone. People are way smart though in thinking this kind of things and use it as a secondary choice for heaters.
How I wish that our country is a cold one too to be able to mine with no problem in over heating the mining rigs and our electricity cost are way for expensive compare to our neighboring countries. Lucky people in their cold countries maximizing their earning potential at its finest.
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Hi guys, I've been in the world of bitcoin and cryptocurrencies for some time, some relatives and friends ask me to buy gold or bitcoin to save, and I answer:
1. If you want to be safe without worrying about buying gold, because its price is very stable, at 1200 dollars an ounce.
2. If you want to invest in bitcoin I invite you to investigate what technology is about, I tell you that it is a new technology that will revolutionize the world, it is decentralized, distributed, without control of any kind of government, its quantity is limited. that allows it to be deflamatory, with the passage of time it takes more value, but it is your RESPONSIBILITY if you make the investment in bitcoin, I only tell you the advantages but it is up to you to investigate the subject.
WHAT WOULD YOU RESPOND?
First of all Gold and other kind of minerals has a value that always goes up overtime and in a more stable way so investing with it is not bad though because it is already a well known aspect of wise investments ever since people recognize it with value, secondly Bitcoin is a new modern technology were the main purpose is to serve as a digital currency but instead it can serve also an investment today. Most people that are into investments know the fact that it is always have a risk and the bigger it may get the higher the return, just take a look the the history of Bitcoin and make it as a basis of your thoughts and I am surely that it will really help you to where to put your investment. |
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Hi guys, I've been in the world of bitcoin and cryptocurrencies for some time, some relatives and friends ask me to buy gold or bitcoin to save, and I answer:
1. If you want to be safe without worrying about buying gold, because its price is very stable, at 1200 dollars an ounce.
2. If you want to invest in bitcoin I invite you to investigate what technology is about, I tell you that it is a new technology that will revolutionize the world, it is decentralized, distributed, without control of any kind of government, its quantity is limited. that allows it to be deflamatory, with the passage of time it takes more value, but it is your RESPONSIBILITY if you make the investment in bitcoin, I only tell you the advantages but it is up to you to investigate the subject.
WHAT WOULD YOU RESPOND?
First of all Gold and other kind of minerals has a value that always goes up overtime and in a more stable way so investing with it is not bad though because it is already a well known aspect of wise investments ever since people recognize it with value, secondly Bitcoin is a new modern technology were the main purpose is to serve as a digital currency but instead it can serve also an investment today. Most people that are into investments know the fact that it is always have a risk and the bigger it may get the higher the return, just take a look the the history of Bitcoin and make it as a basis of your thoughts and I am surely that it will really help you to where to put your investment. |
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I really don't know what to say about this but I think wall street already experience many Financial Crisis ever since and I am scared about the fact that there would be a Cryptocurrencies Crisis in the future as everything is possible with digital or Fiat currency and there is an inevitable time that you can't dodge that incoming crisis. Robert Kiyosaki already told that there is an another financial crisis in the near future and it is coming no matter how bad we don't want it. Here is an article that Robert told about his predictions https://seekingalpha.com/article/3967094-robert-kiyosaki-biggest-stock-market-crash-history-coming-2016Even though there is no major crash happened in 2016 but I think there is some delay in his prediction because I still feel the points of his statements that it will happen soon and after reading your post it really strengthen my belief. |
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Hello Everyone
I always want to know the situation of cryptocurrency and stocks relatively. Current marketcap of stocks is 70 trillion and cryptocurrency market cap is 178 billion.Speculators says that cryptocurrency market reaches 1 trillion marketcap in 2019. What do you think, will it takes few years for crypto market to reach stock market cap or is impossible? or can it overtake stocks?
It is not impossible for cryptocurrencies to reach that 1 trillion dollars market capitalization soon because many people now are getting attracted to the market of cryptocurrencies and with that it will still grow through out the years and I also think that Bitcoin's own market capitalization will also get $1 trillion dollars soon and its value per coin will be $60,000+ and that is almost times 10 to the current value of Bitcoin now. Foreign stocks of Fiat moneys are operating for so how many years now and comparing it to cryptocurrencies that only operates with less than 10 years so I think it is still a child when comparing those 2 markets, but again cryptocurrencies has lost of potential in the future. |
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Maybe in some point but not at all because unemployment is within the person itself if he/she is willing to work on a daily basis to get some money and support himself/herself by this new modern technology.
I think Bitcoin opens up another new kind of opportunities to all the people in the whole world being an international digital currency that can serve all the countries with no discrimination at all, so it will really depends on the individual to take responsibility with this new opportunities that Bitcoin opens for us all.
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It is never been safe to have your own private keys though and yet I think Coinbase is safe as long as it is say it is safe and remain its status that never been hack exchange then it is fine but if you are holding a huge amount of Bitcoin in your holdings it is much more better to have it to your electrum because at any means necessary you have the full control of your Bitcoin and you can't blame anyone at the end.
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India can't ban Bitcoin though maybe a regulation in exchanges and some other kind of laws will be given to its citizens in using cryptocurrencies is the move that they will do because no countries in the world can really ban Bitcoin as it is an international digital currency and its one great characteristic is being decentralized so meaning no one is controlling it so no one can ban it either.
Most Governments now are taking actions regarding the growth of Bitcoin with just a short period of time and I really don't know if they are just trying to help their citizens to protect from criminal events or they just want to put some tax on it because they know that there is a big amount of money is already involve in cryptocurrencies.
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Bitcoin Gold, The new fork that occurred 24 October, failed as expected. The price plunged 66% after it trading, the whole idea is just stupid ! a fork of bitcoin mean, some people will profit of the free coins and sell them instantly after trading start, who knows the price might not be stable even for minutes !  No doubt that this will not succeed even further because people are getting used to what is happening and a split because of Hard Fork is not that scary part for them, Bitcoin(original) is the 1st and will last Bitcoin for me and there is no Bitcoin Hard Fork coins can change that so to those people that's supporting a newly Fork coins is just a wanna be investor that wants a huge profit inside of it. If there is a future upcoming Hard Fork when Bitcoin will upgrade again its scaling I think it is normal for it to have a Hard Fork and people will just watch it and look at it as a normal event just like any other else that is happening in the world, Bitcoin is indeed getting stronger as time passes by and the users of it is also benefiting with that. |
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Hello Friends, sorry for my faulty English.
Is it possible for China to ban Bitcoins mining? Nationalize, take control in some way???
If so, what are the impacts on Bitcoin?
Thanks to everyone!
The Government of China can ban everything and anything in their country if they want and other countries have no rights to interfere that, if China will ban Bitcoin mining or any other cryptocurrency mining then that is at their own full discretion. If they want to do Bitcoin as a local thing then I don't see a point to make a grow out of it as Bitcoin is made for a purpose of an international digital currency and localizing the mining will not help instead it would worsen the case. Regulating mining and trading exchange of Bitcoin is the only thing that I am okay with because people tend to make a good profit out of it and if the government want to enter some taxes on it then it is fine. |
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It will reach a cent before you know it, currently $1 is around 16-19k sats, so i dont really think it will be long now, as in a year maybe couple (or, you know, maybe never... )
So in this case, what will happen to the altcoins that are being traded with satoshis in exchanges? Will their price in satoshis decrease gradually or will they just keep growing with bitcoin?
Obviously, many coins and tokens shall grow as they deserve a healthy market cap worth hundreds of millions billions in the future, but what about the shitcoins that are bound to satoshi? If a coin stays at 1sat now, 20 years later they are still 1 sat and potentially worth $1 (if a sat ever is $1)?
This is not impossible because the growth of Bitcoin is inevitable for me, if the price of it still goes up continuously just like what it has been in the past year, imagine the price of Bitcoin almost multiplied by 10 in October of 2016 to October of this year. It is just a matter of time until the price of a single satoshis will be equivalent to $1. The value of a 1 satoshi right now is $0.00005759 and the market capitalization of Bitcoin is $96+ billion so if a single satoshi will be equal to a $1 then Bitcoin needs a $1,668+ quadrillion market capitalization in able to achieve that goal. I really think and so positive that one day Bitcoin will reach that point if there is no major issues that will result to its downfall. |
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I just like to post my 1 year anniversary in Bitcointalk.org and share my experience after a year. As far as I remember I first discovered Bitcoin because I did some online task in a website that is paying a very small amount of $ and I am earning a small amount of cents on it back then and one day they announced that they are thinking to pay the workers with Bitcoin if a large portion of us agrees to it as a payment in the future payouts and that is the day that I got curious in what is Bitcoin all about. At first I am so innocent in what is this digital online currency is all about and I am shocked to its value back then, it was $635 per 1 Bitcoin when I saw it. And I searched it over and over again until I understand what it is and how to use it as a currency and guess what it was very hard to understand it because most of the terms that is being use is not familiar with my vocabulary like cryptocurrency, cryptography, Bitcoin address, Bitcoin wallet, etc. I got so interested with Bitcoin since I knew it and until now I still have a lot to learn about it and every single day of my life is almost into it. The value of it now while I am typing this is $5,738.06 and it already break $6,100 price last week, Bitcoin is always make me interested day by day because of its price and the growth of it in just a short period of time as everything can really happens in an instant. Feel free to share your Bitcoin experience here at my thread if you want. I would surely write again a post just like this with my 2nd year anniversary next year  |
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Bitcoin's volatility has been steadily decreasing over time, which means huge price movements upwards are less likely than ever. Sorry it's not going to happen. I think 5000-6000 range is the correct or fair price, so selling at the higher end of this range would bring profit at least and then I think alt coins start making more sense at that point
It seems that you are so sure that Bitcoin will never go past $7000, maybe you are right but I think you are not in the current situation of Bitcoin as of the moment because it is normal for it to have a corrections in price and this is the time for stabilizing its price for the mean time as there is no straight going up with the value of it. It will pass that $7000 mark before the year ends if all the remaining issues are settle and some upcoming upgrades are done as it is increasing the trust of the new comers and big time investors to go in their moneys, take note that the Bitcoin's price exactly 1 year ago is only $600+ and the current price of it is playing around $5,700-$6000 as of the moment so meaning the market capitalization of it with the past year are multiplied by 10 and it can happen again. |
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It is decentralized. It's also open source so anyone can alter the code and create a new fork. There have been LOTS of Bitcoin forks, it's just that most of them have barely any supporters. Forks like segwit2x has a lot of influential backers, so it' being somewhat recognized.
In the end, the users will decide which chain is the main one, not the one who made the forks.
Does that mean that forks are just like an ICO who made it on a shortcut and no people earning from it just the people who has bitcoin will get their share and no developers to offer it. So if this forks don't have any supporters it will not have any value right? |
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