There's a hard limit on the number of bitcoins that can be mined: 21 million coins, which is expected to be reached by 2140.
The world is expected to add another billion people within the next 15 years, bringing the total global population from 7.3 billion in mid-2015 to 8.5 billion in 2030, 9.7 billion in 2050, and 11.2 billion by 2100, according to new estimates from the UN.
If bitcoin truly does explode in popularity, think about this for a minute;
Only 21 million bitcoins and 11+ billion people.
With this ratio, the possible price of 1 bitcoin could be huge.
What are your honest price predictions given total world popularity in the years 2020, 2050, 2140?
2020: 20k
2050: 100k
2140: 1m
This is one of the best characteristic that bitcoin has it being with a fixed number of supply. It is true that when bitcoin became widely used by the whole world it's price will exponentially grow, and if bitcoin will really replace the use of all fiat currency in the world it should be priced at $10 million each given that it only has a maximum supply of 21 million coin. Which will equate to $210 trillion in terms of dollars. The only question is will bitcoin be the crypto currency that will replace fiat or another coin will be developed in the future? |
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Hey Guys So whats up guys im the legendary noob rank. So i want to talk about how the exchanges all left in China. Its good because now the bitcoin price is not dependent on China so once it doe go back up it won't be reliant on China which is good. well my friends are nagging me ill talk in the comments there none stop spamming me The price that we have right now is the price less China's bitcoins in circulation so once they go back into the trade we can expect a deep in the prices. Remember that China has most of the mining farm in the world and how much Bitcoin was removed from circulation since they was banned from trading to other countries? It is true that the price that we are experiencing right now is not directly dependent to Chinese market but it will be affected thereafter. |
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That is a simple equation, I think most of the Bitcoin holders are engaged in various types of activities so that they don't have sufficient time to look after the Bitcoin market. that is why I believe most of the people are following this trend. Personally, I believe that Bitcoin saving is the most profitable business because Bitcoin price is getting higher day by day. I also believe that Bitcoin price will be increasing at this rate. If someone wants to hold Bitcoin for the future purpose then it will be a great asset in the future. so that I prefer saving Bitcoin rather than selling Bitcoin.
If the source of your coin is from the campaigns here in the forums it is better to save it rather than selling it because it will have more value in the future. Imagine if you are earning BTC.02 / week on today's conversion that is for $118. If you save that coin it has a chance of having a higher value in the future. And besides you got the coin from a campaign which you don't even spent any amount to get it. |
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So like most of us I wish I had had the time to notice bitcoin in its infant stages, I had the technical expertise and IT knowledge to mine when it came out but never knew it existed.
I wish while I did know about it that I had put the $3-600 down to buy one coin even last year. rather than slowly piecing together 1 coin right now.
is anyone in the same boat?
Majority of the people who owns a coin right now experienced the same thing. I myself had the same experience. Only few people believed that bitcoin will be on the situation where it is right now, but that is a good thing. Investing on the coin right now is not too late we can say that right now it is on it's toddler stage and has a lot of stage to come. |
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I know some coworkers that sold BTC today, they are real casuals, they got into BTC because they heard it went up a lot, they don't know even to set a local wallet so they store their coins on Coinbase or wherever the fuck they buy at.
Well, they sold today at at the dip near the $4000 double bottom.
The irony is, these casuals are the ones that are always complaining about how it's unfair that BTC is distributed in the hands of few whales, YET, they are the ones that constantly panicsell and give their cheap BTC back to these same hands they are complaining about, because guess who is profiting the most on these dumps: whales. They buy lots of cheap BTC.
If you want whales to stop having so much BTC, don't panic sell or you will keep feeding them. Just focus on your own portfolio and keep stacking BTC on the dips. In the long term, we will win.
Having unwavering will and a heart of stone can be achieve through experience. The market is getting stable and people are learning how to trade. Fake news are everywhere and hypes about dump and pump is making people like fools (including me in my early days in the trading industry). Bitcoin is not an alt, so dont compare uts market to altcoins, the only way of its price is UP. It is really just an irony just like the OP have said. Experience for sure is the best teacher and most of these panic sellers often learn their lessons and understand that FUDs are always created by whales purposely to make them have what they want knowing there are still a lot of weak hands in the community who still have shaky feeling, only for them to gullible fall for the pranks too and dash them their money. Let's look at it like this, if your fiat is getting devalued, except for a trader who probably is into trading professionally, will you dump your fiat? Bitcoin should be seen as a currency with a lot of hope and support built around it, and that should make everyone believe in what they are holding. We can't blame those people who sells the coin once the price dropped. Most of the people who gets into bitcoin just wants to earn and won't take a risk f loosing more. So once there is a drop on the price everyone is selling the coin. When people realize that the price will eventually go higher and higher and avoid this panic selling the price of the coin will go higher and higher. |
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Will the bitcoin price decline after bitcoin gold?
I read that many now will continue to sell bitcoin and buy altcoins.
Should I buy bitcoin now or wait?
After the bitcoin gold fork there was a slight drop on the price of bitcoin, from $5900 to $5400 but as of now 2 days after the fork prices are ranging from $5800 - $5900 again. So it is safe to say that BTG somehow affected bitcoin's price because the people who hoarded bitcoin to get their BTG tried released it at the same time after the fork but the market is stabilizing at a higher price now. |
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Everyone says trading is easy,you have to pickup a good coin and then invest your money there..Will you guys,please tell me how I know it is a good coin or bad?What certain things I should check about that coin?What types of information helps me to know the coin is good?
I would suggest choosing an Altcoins with a good use. Aside from it being a crypto currency choose coins that has other use like as a proof of stake from the developer after some time which means that it will have a demand because of the stake. Also check if the coin's ICO is somehow legitimate and not just manipulated by few investors which might result to a sudden drop in price once they decided to sell it. |
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Hi everyone...
Just a newbie and am planning to put some money into crypto. Now the thing which is stopping me is whether I should go for trading as the currency is volatile and can give some quick gains or buy it and sleep over it for a few years. Or should I go with 50% trading and 50% investing.
Need experts guidance please
I think, for a starter, you can get more provit by investing, because you'll need information, experience, and some luck to be good at trading.. Trading is a little bit risky, but yes, with better income... But for the first time you jump into crypto, I think you could just investing and then learning how to do trading by evaluating how BTC price goes up and down for a few weeks ~ Even if you are new into bitcoin but if you have an experience in trading stocks before then you can also get into trading bitcoins in the market. Investing is safer that trading but trading has a higher chance of earning in the future if successful. And yes a 50/50 allocation is the best strategy that you can do. |
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Bitcoin price in 2017-10-18: $5101.4
Bitcoin price in 2017-10-19: $5735
24 hour recovery of $633,6: holy shit. Have we ever seen such a recovery before? The recovery of the chinese ban was pretty epic itself but I think it was not as quick in 24 hours, and im not sure if it's even been 24 hours yet since the dip, we'll see at what price do we finish today but that was nuts.
That was really quick! Bitcoin will set a new all time high in pricing due to China's return to the market. A crazy wild recovery followed by a promising new all time high. Hype is real! Once China joined the market again it will be the opposite. Imagine how many coins Chinese has that was not in the market for the past days when BTC hit this amount. If China joined the market again expect for a drop on the price for $500-$1000 before the market recover. Read on another thread that the news about China's lifting the ban is just a hearsay. |
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Where does everyone think bitcoin will be by the end of 2018?
I'm interested to see where everyone thinks bitcoin is headed, like value wise and how people would have adapted to it.
It is really hard to predict bitcoin's price for next year. YTD's price increase is 650% and might end to 700% for this year. If this growth happens next year then that is a whooping $30k per coin. or it may be the other way around. More FUD might be released against the coin on the coming months which will result to a more publicity for bitcoin both positive and negative. |
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This is considered as a prediction until bitcoin hit that amount. Yes it is indeed possible for the coin to be on that amount but the question is how long. on how market goes right now it may just take a few years and 2022 is a good year to predict with. Bitcoin's price merely depends on the demand from people who wants to have that coins. There are only a maximum of 21 million coins to be circulating the market and there are 7.6 billion people who might use it. So the earlier that more people gets into bitcoin the sooner the price will go high.
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hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
Bitcoin is the solution for the cheap transaction of cash to anywhere in the world without the aid of a third party. With this alone, it can justify that the government should let Bitcoin be and encourage its growth. However, since Bitcoin is decentralized and the government want to control just everything, the likes of the government is a total opposite of what Bitcoin is that's why we can see some countries that are opposing Bitcoin. Though some compromised and accept Bitcoin. This might affect government's income. Money transfer businesses are losing money from it which results to less government taxes being paid. Maybe the reason why government is somehow allowing bitcoin to grow is because it is not violating anything. And when bitcoin is successful they might formulate a new crypto currency that can be used around the wolrd. |
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Nah man, "too big to fail" means a central agency is willing to bail out a failing entity. No such central agency exists for Bitcoin. It's the free market at its finest!
We should all be prepared for failure. But realistically the only thing that keeps bitcoin going is the fact that a community of people believe it has value. This same theory, reality applies to all currencies and things of value. As soon as people agree that it doesn't have value it will fail and that will be it!
I agree with you bitcoin has nothing to offer people who owns a piece of it, unlike those companies in wall street they offer business' performance to be good for their stock prices to increase. Bitcoin's prices is merely from the interest of people and belief that it is the currency of the future which develops it's demand. Still no matter how big a thing is, if no one supports it it will eventually fail. |
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Storing your BTC on an exchange is the common way most traders save their coins. But is it the best method? Cold storage to me look expensive, since it is costive to purchase hardware.
This is also one of the question that I have, I'm wondering if I can just print the seed to a paper and delete my computer wallet every time I am not using it to be safe. I heard of a hardware wallet but wondering if what will happen to it when you lost the hardware itself or what if it is broken is it possible to retrieve the wallet back? Paper wallet might be the best wallet to have since it is a hard copy as long as you keep the paper it is impossible to steal it from you. |
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Hello guys! I am planning on investing all my savings (12500$) in cryptocurrency, so I would really like to hear your opinion. My current plan is to split it in to 3 :
-50% bitcoin.
-25% ethereum.
-25% litecoin.
I am investing the money at the next dip.
Please post your opinion guys.
Edit: I should mention that this is for a longtherm hold, about 5-10 years
Sorry for my bad english, but I am better reading it than writing it.. :p
That is a good breakdown for the investment that you are planning, but as you mentioned it will be all your savings? and everything is allocated to crypto currency? I would suggest allocate some of your savings into a fiat investment for some sort of assurance. Yes bitcoin is promising but it might be too risky to invest everything that you have on it. |
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Lol you"re such a troll  Actually we knew all the time that there is no definitive "ban" and that "ban" means some regulation,some ground rules and legal definitions. That actually is better for bitcoin and cryptocurrencies in the long term. Anyway even if there is a real ban China is not so relevant anymore. I really think that China's ban on trading the coin outside their country is for them to hoard a vast amount of it and eventually release it once the price is too high. China never ban mining on their country which means that they are having more and more coin without having it traded to other countries. This might be a fake news but China will soon be back on the trading. |
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As I scan and read forums I got curious here.
Is there any disadvantages or advantages of receiving BTC as a payment from the object that you are selling or from the object you are buying by a BTC? I hope someone would be nice to to answer it kindly.
Disadvantage would be not receiving a fiat. Especially if you are selling goods that you bought with fiat that you need to rebuy another stocks after selling it. Advantage is that you has a chance of earning more on the sale that you made, on top of the mark up amount that you added on the price, bitcoin price might also chance with will add or subtract from your income. |
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Is this the time to buy Bitcoin?
This is the most common question that everyone has, "is this the time to buy" If you had this question 9 months ago you missed the opportunity of gaining 650% profit. If you had this question 2 months ago you should've gained 250% profit on your investment So is this a best time to buy today? try to check the price few months from today to know if it was a best time. |
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The last bubble was in 2013. Bitcoin is not a classic bubble, but still be 'suspicious,' says investing expert William Bernstein https://www.cnbc.com/2017/10/24/william-bernstein-bitcoin-is-not-a-classic-bubble.html- William Bernstein is a neurologist who became a best-selling author on investing in the 1990s.
- Bernstein does not believe bitcoin is a classic investing bubble because it doesn't fit all four of the criteria of manias he developed.
- "Unless [you are] an expert on blockchain technology and bitcoin, stay away. Don't invest in things [you] don't understand," Bernstein told CNBC.
Do you think we're in the 5th bubble? They might call it as a bubble, most probably because of the speedy rising in prices, in January it was just $900 and now it hit $6000 few days ago 650% in just 9 months. No one would really believe it. But what I can say it is because of the rising demand for the coin, many people see its use and wants to have a piece of the coin plus the definite number of supply in circulation. Every one who understands economics will know the reason why the price go higher and higher. |
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How will you explain bitcoin to someone who is just hearing this word for the first time.
Or someone who has heard about it but still don't understand how it works.
Can you explain bitcoin in the most Simple way?
What is the need of explaining bitcoin to a newbie? To entice them on investing in bitcoin? Here's what I do. If you want someone to understand bitcoin try to explain them economics, supply and demand law. how money is working. once they understand it they will understand how bitcoin works. |
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