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a slow but steady year on year growth of at least 10% per year is prefered. but a lot people may find that sort of growth to slow. what goes up fast may come back down fast.
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Wealth inequality exists in the real world as well. Wealth equality is a pipe dream that will never exist.
if we all think like that, it will never change. bitcoin is still fairly new. i think it is still possible to spread the coins more equally at some point in the future. but that will only happen if we stand up and start doing something about it. Ok, let's suppose that bitcoins are distributed equally to each of the 7 billion people on the planet. That means that each person receives 0.003 BTC, currently worth about $0.72. What good will that do? $0.72 is a tiny amount of money to even the poorest people in the world. bitcoin will never get adopted by the entire world population. beside that, by equality i don't mean that every person gets the exact same amount. currently 1% of the world controls all the wealth. if we can get that number closer to 10-20% it can already be considered a huge improvement. |
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i am trading from time to time hoping to make some profit, but if there isn't enough volume then i simply let my coins sleep in their wallets. no problem.
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These targets will be useless if no one is buying bitcoin
one trigger bitcoin prices to rise is the number of buyers, so we had to buy bitcoin to make the price rise
at this point most people are waiting. people who wanted to buy coins have done it already. it's waiting for a whale to start bumping the price higher hoping other traders will start buying. |
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we've had enough volatility already. exchanges getting hacked, stolen coins getting dumped, etc. the market isn't moving anymore with bad or good news. i think at some point the volatility will vanish and we'll see the price go up or down only a few bucks per month.
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Wealth inequality exists in the real world as well. Wealth equality is a pipe dream that will never exist.
if we all think like that, it will never change. bitcoin is still fairly new. i think it is still possible to spread the coins more equally at some point in the future. but that will only happen if we stand up and start doing something about it. |
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i am indeed holding bitcoin to sell it later with profit. but that doesn't mean i am not spending coins. i have a cold wallet for coins i want to hold for a longer time. and i also have a wallet that i use to spend and receive bitcoins.
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Ive tried to introduce bitcoin to my firends many times
But they just dont trust internet when it comes to
Something that involves money. I even showed them
How much I make every month, and they said
You will probably get scammed sooner or later.
you don't need to show them how much money you make. you have to explain them what bitcoin is and how it is different from banks and other financial services. there are only benefits. |
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whoever said bitcoin will be worth $100k on one day is nothing more than a dreamer living in a fantasy world. predictions up to $5K are also high, but not that unreasonable. $100k is beyond insane.
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This is a pretty old article (September 2014).
Although the number of bitcoins is finite, it doesn't automatically mean that bitcoin's price will shoot up if adoption increases. You could have bitcoins circulating at a faster rate.
wider adoption means more people spending their coins, but also more people holding their coins in the hope the price increases. and by the time wallstreet pops up and start with buying up plenty of coins the price will shoot up like a rocket. |
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it depends on where you live, but i would say at least 100-200 bitcoins if you want to see it last at least 10-15 years. that's when you assume the coins get stored in a secure manner.
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under your carpet is also a good and secure place. if you make it water proof by putting it completely in plastic then you don't have to worry about water damage.
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It is all matter of time once the many merchants begin to accept trade in Bitcoin physically not only online all doubt will be cleared.One thing is sure bitcoin will be much more valuable than now in future.
for that to happen there has to be much more trust from the merchants in bitcoin. accepting bitcoins online is easy. buying a tv worth $1000 in a store with bitcoin is a different story. they will require you to wait for at least 1 confirmation, which can take quite an hour. |
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no we will break 500$ again   at some point in the future, yes. definitely not this year. we'll be lucky if we hit $299 this year as we've seen plenty of drama this year. next year is a new start. |
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Unlikely to reach 500 again seeing that NY license didn't lift the price one bit.
NY license has made it difficult for bitcoin buisnesses to operate from NY. It was supposed to hit the price, not lift!!! they are "gently" trying to slow down bitcoin by putting up new rules. but they won't succeed as long as everything around bitcoin is growing. |
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Looks like it's on the rise. I expect 260-270 as the peak of this rise.
no we will stable at 240-250 for 2-3week before we rich 260$ im sure we can hit 300$ again at this year  Of course we can hit $300 this year, it is however not that easy. Especially since there are large traders/groups active that are heavily trying to prevent it from going that high. if we read graphic of trading bitcoin, my prediction we will hit 300$ at middle desember yea we know it some people keep bearish price, but im trust bitcoin comunity is super solid we can do it too far for the month of December probably this month will reach $ 250,, I hope it happens reaching $250 level this year isn't that big of a deal. a small push from a large trader can make the price move forward quickly. i am already happy if we're not going below $230 again. |
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with LTC nothing happened after halving so not sure
I don't agree with your post. When you look at LTC charts, the LTC price increased BEFORE the halving like crazy to 8 USD...from 1.25 USD...Now it is at 3.00 USD...so from my view the LTC halving doubled the price The rise in LTC was caused by a chinese ponzi. https://www.reddit.com/r/litecoin/comments/3ecwtq/collapse_of_chinese_ltc_ponzi/The main reason was NOT the halving. less experienced traders don't do or at least don't do enough research of the thing they invest in. they just see dollar signs. the group that caused the ltc price to reach $8 surely made millions. |
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1) Create a bitcoin private key by rolling dice
2) transform into an address
3) write down the private key into a piece of paper
4) put the paper in a box
5) bary the box in your garden
6) only take it out when you need it.
regarding step 1: what exactly do you mean with 'create a bitcoin private key by rolling dice' ? i have never heard of anything like that when creating a private key. |
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people are laughing at 10,000 satoshi's right now, but at some point in the very far future it might be worth a good bit of money.
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a lot exchanges have been generating fake volume. especially huobi and okcoin a few days ago, out of nothing there is a 250K volume spike if you look at their 7 day chart. okcoin peaked over 300K volume, where other exchanges don't even peak above 20K
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