I believe it's possible for bitcoin to reach 100,000$ but the thing is that's a huge growth if it happened in a year. it would attract a lot of attention from powerful entities like banks, investors, and governments. some will try to regulate it some will ban it, some will want a piece of the action. I don't think bitcoin will be allowed to function the way it's meant to anytime in the near future.
Quite agree, for people who don't understand how the concept of bitcoin, that is how the price can continue to rise, how the volume continues to increase despite the price dropped dramatically. They will continue to think bitcoin investment is a bubble investment. But nothing is impossible, in the past year, bitcoin has jumped from under $1k to nearly $20k. It was achieved in just 1 year. If bitcoin repeats the same thing this year, it's not impossible if $ 100k is a reasonable amount. |
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Hello All, Quite new to the crypto game and just wanted your thoughts on this, I'm considering buying bitcoin when the price hits its low aftet the recent news from China. My question is how low do people think it will drop too? How confident are people that it will recover? Looking at what happened in Sep-17 it went low but then rapidly increased do you think this will happen again. https://qz.com/1174091/china-wants-an-orderly-exit-from-bitcoin-mining/As far as predicting how low price of bitcoin will be, no one can really tell. But there are good TA around here maybe if they are going to chime their expertise, we would understand. But from estimation, bitcoin can go as low as $12,500 before we consolidate and test another bull run. How confident are we if China decided to close its mining farm? Of course we are confident because bitcoin its very resilient. It has proven time and again its ability to recovery from such adversity. Just like what you have pointed out, last September, bitcoin went down significantly, because of the China crisis, but just like before, it recovered slowly and beautifully. China closing its bitcoin farm, will put a dent on the price, no doubt, but you don't need to worry but just hold on your bitcoin and it will just be a matter of time being it can rebound, just like before. I hope you are right. What makes me hesitate is the apparent reality of today is very clear. Although bitcoin is old and many people believe in it, because the value comes from trust, but still the problem with transaction speed and the high fee is still a scourge of bitcoin today. To switch to Lightning network is not as easy as turning both hands, of course it takes time that is not instant. In the meantime, altcoin offers features that the users of this cryptocurrency technology want. Transaction speed and low fee are the top priority. I would agree if this year 2018, the bitcoin market cap can be surpassed by altcoin. |
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This paper presents the situation of the cryptocurrency market at the end of 2017 and the challenges that the crypto community still faces. Thanks to its crypto friendly legal framework, Japan should be the country to watch in 2018. The currently high transaction fees of Bitcoin offers an opportunity for Japanese crypto assets to become the preferred payment method on the island and maybe in the world.
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It is true that Japan cannot be doubted in the field of technology, even the creator of bitcoin when viewed from his nickname, it is a name derived from Japan country  . The possibility of Japan will take an active role in addressing the biggest issues of bitcoin today, namely very high transaction fee and very slow transactions. Although altcoin originating from Japan should be a concern this year, but remember, that they also have their own company. I believe that Japan wants this technology to impact the whole world, not only benefit the country alone. |
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My suppositions are like this, let's just say Bitcoin = Chickens and Cash = Eggs. With a chicken, you can produce some eggs, and from those eggs can hatch into chickens. While the Egg, he still needs the parent to be hatched, in this case, possible if we save money in the bank, the bank as its parent. So which one do you think is more profitable, have a chicken or just have an egg. |
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Btctalk name : zarados
Rank : Full Member
Current post count ( Including this ) : 519
BTC Address : 1Ga4NTVhGaGjtA7YsjdkmtTBfYec5VKTCK
Wear appropriate signature : Yes
Wear avatar : Yes
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I mean, they are so rich, they can start to mine Bitcoin, even if they lose some money they shouldn't care, they are ok with all those money they already have.
Am I wrong?
If you became rich and you are doing the dream life that everyone wants is thanks to Bitcoin, don't let him die.
You do not know everything what they do. Most rich people will regard information as their most valuable possession. So if they divide it, it's the same as battling the treasure. You do not know it's behind the scenes, they finance bitcoin miners with all the resources they need and, in return, they get a few percent from the miners. well, Who knows. |
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Look at the graph. The discount is over, now it's time to wait for the new ATH. Although slowly but surely. Hold or you'll be Upset. Supply increasingly depleted, more and more users, Bitcoin will become the rarest and valuable treasure in the future.
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18.15% are people who dare to take risks. I have said this in my previous post. https://bitcointalk.org/index.php?topic=2697718.msg27632238#msg27632238 As I know, credit cards have a limit on the amount of loans that users can use, and each month, the user must pay at least 10% of the total loan used + interest. As long as the user still has other income that can cover monthly installments, maybe it's still safe. But if not, I think that's very risky. |
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Do you think so? Well, that's exactly what the bitcoin users want all over the world. But the reality is not what you think mate. Maybe it happens in some countries that are the biggest bitcoin adopters. But overall, Bitcoin is still not widely recognized.
If you look at the current state, the network is still not able to overcome the number of demand from the user, so there is still need for development. In order for bitcoin to be properly used as intended. Easy transaction, fast, and cheap anywhere.
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Whether it be buying btc or buying equipment to mine btc. Did you ever borrow fiat to make your purchase? I have not. Just curious if anyone ever has.
it is a dangerous move but I've done it before. Although the money I borrow is owned by my own wife. In fact, I can return the money in less than a month by investing it to cryptocurrency. However, to make a loan like in a bank or other financing, maybe I would not suggest it. You have to pay monthly installments, while prices continue to fluctuate so you will find it hard to make money as your loan installment. Unless you are ready to risk the worst. |
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Really? what wallet are you using? If you use MEW, you should be able to determine how much gas you use to send. Where there are 3 levels in the amount of gas you specify that is very very slow, maybe fast, and fast. And 20 Gwei listed as the default gas total and that still be on bottom level speed. Last time I see, it's only worth $ 1.
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The top 10 coins in the CMC list are worth keeping us up to date. Among the Ripple, Cardano, IOTA, and TRON. These four coins are still worth under $ 5 and currently have a positive trend. No wonder if this year became a year for altcoin because since late 2017, they have shown a positive signal and significant market capitalization growth.
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Hi,
i convert to my salary into xrp and it store in ripple wallet every month for (i expect) one year. it is good or bad decision? i think XRP hit $100 in near future
how much do you allocate your salary? Why did you choose XRP? First of all, I want you to answer my question first. Because I think your idea is not so promising more profit. Maybe it's better if you set aside your salary in savings, then when the price is down, that's the right time to convert your money into cryptocurrency. If every week or month you always make conversions using your salary, that means you do not care about price fluctuations. Because you always buy, even at a peak price. |
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I've been in the world of cryptocurrency for about 7 months and indeed, it took a long time for me to be sure that HOLD is the easiest and most profitable way to invest. I have been trading on BTC, ETH, XRP, XLM, LTC. I am constantly spinning my money on the coin, until I have gained more than 500% profit.
But unfortunately, after I recalculate, if I do not sell my assets until now, since the initial point entry, I can even reap more than 2000% profit. It is a very valuable lesson.
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I am not sure that there is a best time for trading alts. Every moment is fine, if you know what you are doing. So many factors influence prices, and the more factors you know, the easier it will be for you to make good trades - that's it.
yes, of course there is. Other than what you said that " So many factors influence prices, and the more factors you know, the easier it will be for you to make good trades", is one of them. Besides, If you've been fighting in the world of trading cryptocurrency for more than a year, I'm sure you've been able to read the market conditions of altcoin itself. When bitcoin is at a peak price in a period, that's a good time to buy altcoin, because when bitcoin has a healthy correction, it's the turn of altcoin that has risen in price. |
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If we look at the amount of market capitalization, Ethereum currently has a $100 bn market cap for about $ 1000 price. Let's say the number of market caps represents the current price, so if we multiply the current market cap by 3, and so will the current price multiplied 3. the result will exceed the current bitcoin market cap, but the price does not even reach half of the bitcoin price. I don't think that's possible. Unless bitcoin has drastically decreased in price.
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A lot of activity on the market means a lot of profit for the exchange. Don't you wonder, where do the exchange sites make a profit ?. Well, one of them is from the transactions made by its members every day. Even the number of transactions can beat transactions in the bank in a day by the amount of transaction or amount of fee. So, it is very strange if we should be discarded, because of it.
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Bitcoin is low risk high reward.
Forex is HUGE risk medium reward.
I saw this becuase in order to make the kind of gains you make in bitcoin (like 500%), with forex, you have to leverage your forex account 50 times. This means you take 50 times MORE RISK. If it moves down even 1% you ARE LIQUIDATED. Meanwhile bitcoin can lose all of its value and then come back and you can still make 1000%
that is wrong in my opinion , i mean bitcoin are not something that has low risk. it is high risk with high gain , besides forex available in limited days only , trading bitcoin have much more chance to make money with its volatility, the price keep moving on drastically up and down and that is what makes people love it i think. He said low risk and high reward may be at different angles. For example, in cryptocurrency, prices can go up and down sometimes, but as long as you do not sell your coins at the lowest price, you have nothing to lose, you just need to wait for the price to rise again. In forex, there's a multiplier, which can multiply profits and losses, so you could lose money instantly if using leverage at the wrong time. |
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$ 5000 is pretty good amount to invest in cryptocurrency. I would like to suggest to divide it into 2 baskets. 50% for ripple and 50% for bitcoin. Both of these coins have a very high future potential compared to other coins. For bitcoin, I think it's obvious. And for Ripple, maybe you can visit the official website and learn a bit about the coins as well as what their target is.
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Remember, cryptocurrency is only a protocol that serves to help transactions. You still need a bank or something to exchange the cryptocurrency with real money. Unless cryptocurrency has been used as the official currency and replaced the dollar for example. You'll see the price tags in the malls no longer show the $ price, but in the form of cryptocurrency.When that happens, I think the bank has turned into a cryptocurrency bank.
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