Nobody can predict it because until now we're still finding its real value,
bitcoin price was increasing from time to time because of the popularity and their financial freedom.
if bitcoin itself improving their system and discover something new i believe bitcoin price will keep increasing.
we should see the price declining if nothing new discovered.
i believe many people want to implement it in their business but because of the fees and other reason they hesitated to do it.
if bitcoin can solve it i believe it will never burst and always steadily grow up..
at least at the moment i can not see it will.
I agree with this, The "bubble" won't burst until it has enough air to make it burst. No one even know if what is the maximum potential price for each coin. Mining is not even done yet. More and more fud are being made against the coin but the price keeps on rising because more and more people are believing in it. So Bitcoin maybe a bubble but I consider it as a balloon with a thicker covering it may burst but not in the next few years. |
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Bitcoin's price go went down to as low as $5400 on the 25th. Maybe the reason for that was the people who already got their BTG after the fork sold their BTC to the market right away but look at the price of the coin it continuously go up. I expect it to hit the $6000 mark again in few days. And once it hit it, it will stay on that range for the next days. Remember fork was finish and if the price goes beyond $6000 from today it means that it is because of the rising demand for the coin.
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New user to the forums and new to Bitcoin overall, just looking for some advice. My friends have bought packs with USI-tech a few months ago when the price was around £2.5k per coin. I'm looking to get into it but just wondering when to go for it.
I've been waiting for the price to fall which it kind of has now, do I wait it out even longer for it to fork again in November? Or do I just put some money into it now. I've been doing a lot of research before I do anything but just want some opinions on here please.
If you really wanted to invest with Bitcoin ever since but hesitate always then you are in jeopardy I think because no one can really tell what will happen in the future because no one came from it, if you have the money to invest with Bitcoin then anytime is the good time to invest with as the price of it is always going up even though there is a slight fall downs it always bounces back for a bigger price. Don't wait for an another dip because you will become so frustrated if that never happens instead take as your investment for a long term so you will have less headache as I and many people believe that the price of Bitcoin will still grow exponentially in the next years. |
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This is going to be hard for me. Bitcoin is still not popular here on my country but only few and I'm worried about my family's reaction about this because it could end up in a bad way which is they think of it as a scam. I have all my password written in notepad in my pc so I hope they will figure it out in case that happens to me.
Do you have a big amount of Bitcoin in your holdings? and are you dying soon or have any threat in your life? it seems to me that you are endangered. This topic is a great topic since the Bitcoin's boom and to those holders that have a serious sickness and dead already as their Bitcoin will become a dead coin as they vanish. I really believe that there is a company that will make a technology about this and create a something like last will testament in real life to be digitally enable in the future, maybe some finger print to open one's Bitcoin address will be good or a well trusted company that will secure the Bitcoins. |
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It is almost 1 year now since I joined this forum and started understanding Bitcoin and other online cryptocurrencies I can safely say now that it is playing a big role now in our modern technology as it serves as an international online digital currency meaning the economy of a single country will surely benefit from it if the people uses it as a legal tender because the market of this money is the whole world.
Maybe there is no specific department of each country that filtering the flow of money that is coming inside and out of this cryptocurrencies but I am sure that a large portion of it is really helping the economy of any countries were its citizens uses it.
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Economists say what they think that is right and they see Bitcoin as a bubble because it grows so rapidly in just 12 months, when you invested a $100 of your money exactly 1 year from now you will get times 10 of it so you will be getting a $90 profit and there is no such legitimate things can do that nowadays except cryptocurrencies and for me that is the main reason economists said that.
Imagine you invested in year 2010 with Bitcoin and you will be so shock with the massive growth of your money with this year Bitcoin's price, this is a revolutionary digital currency that is making history and people who are telling positive and negative things about it is just normal as there is no thing that is perfect.
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I want to know is you believe ethereum can have the same price and growth as bitcoin and maybe ethereum holders in 2030 can be super rich
What do you think?
No one can really tell what will happen in the future because no one has came from it but everything can happen especially with this cryptocurerncies as Bitcoin already grew a big amount of price ever since it was created so Ethereum can do that also and almost all of the good Altcoins out there that offers an efficient platform. I really believe that Bitcoin will still soar high in the future as it has only an almost $100 billion market capitalization as of this moment how much more when it reaches the $1 trillion mark then the price of it today will multiply in 10. It is just a matter of time until the whole world really accepts the potentials of cryptocurrencies. |
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Hi, so l'm still trying to wrap my head around this concept of replay attacks and replay protection. As far as I understand, most advice comes down to... your keys, your coins. So as long as you hold your own keys , you are safe.
I had some bitcoin in coinbase that I transferred to my Trezor AFTER the bitcoin GOLD hard fork... am I in danger of a replay attack? if so, how can I protect myself?
Any help and advice is much appreciated... thank you
I am not so professional about this Bitcoin technical aspects but I can assure that as long as you only transacting with your Bitcoin address/adresses online and never give your private key or seed to anyone and accidentally post in everywhere then you are safe unless someone really breach with your own personal computer that gain access to your important files. Transferring funds from an online wallet to your hardware wallet is safe though because the only thing that has been publicly showed is your Bitcoin address. |
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What are you sophisticated bitcoin thiefs ( and I know you prowl around this forum) gonna do now? huh? you bitches!!! I now have a hardware wallet with a seed and a passphrase at the end of it. You ain't gonna get steal diddly squat.... LOL
How come did you experience being hacked in the past, you have your own personal computer that has been breached? can you please share what happen and how did it happen. Because It is being a year now since I used my hardware wallet and good thing I never experience any hack or loss maybe you have less security precautions in securing your very own computer. |
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There will come a time that another coin will be created that will somehow
compete with the coin. Most probably one of this coin feature will be it is being
supported by governments before its released.
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Going up on coinmarketcap and reading stats about cryptos will reveal that there a lot of cryptos in the market and most of them are not even known and one surprising stuff is that more and more coins are being created everyday, and there is the new coin(electroneum) which seems more like a refurbished Ponzi scheme(that's what I think about it though) isn't there a way for the springing up of new cryptos to be controlled as it seems like bitcoin is the controller of all the cryptos because once BTC starts to drop all the others follow the trend.
This increasing numbers of ICO is one of the factor why bitcoin's price is soaring up. Imagine the vast amount of advertisement that ICOs flooding the social medias. The number of people being aware of the existence of crypto currency are increased. Yes it is a fact that some of the ICOs failed but if someone invested on it and failed the ICO made them be aware of crypto currency and eventually will be into bitcoin after the failure. |
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Just a thought.
Why does Bitmain still sell their Antminers if they know for a fact that its ROI is 6 months.
They have all the opportunity in the world to monopolize Bitcoin mining since they don't
have any competition on manufacturing Asic machines.
Or is it the reason why they always lack supply because they are also investing on it like for
every one machine that they sold another one is being placed on their own mining facility.
I just had this thought because as far as I know Antminer is the only profitable machine
for bitcoin mining and never heard of other company manufacturing the same.
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If Satoshi Nakamoto is a person and alive, wont he come out and claim the fame and success his invention has achieve so far?
If you invented something that is now worth almost $100Bn, and lets's say you own at least 1% of it. Why are you going to risk your life by claiming that you developed it. Something that came from nothing with a value that keeps on raising every time. And with a possibility to over come the traditional currency. Bitcoin was created with a feature of anonymity maybe the creator wants to keep his identity. Satoshi Nakamoto can be anyone. He can still be in this forum, he can be a politician now, he can any person doing anything. And we will never know who he is because he designed this bitcoin anonymously. |
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So if you look at it like trading stocks.. What's the best way to invest and trade bitcoin to make money?
Same practice buy when the price is low, sell when it goes high. But unlike trading stocks on Bitcoin you don't a company that you can use as a basis of your trading. It is harder to know if you already reached the lowest possible amount for you to buy and the highest possible to sell it. With trading stocks you can take into consideration the scheduled events of the company to expect for a rise or a fall. Bitcoin usual events are fork and FUD, we only experienced one fork and several FUD on the previous fork it was a good effect on the price but will it be the same this time. FUDs was overcame by bitcoin so when can say when there is a FUD price will go low bu eventually will rise again unless it is a major one. Fork is like repeating history bitcoin just hit an all time high. So the best way to invest and trade, is to learn from previous events and impacts on the market. |
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According to this latest research showing the top 10 richest holders of bitcoin. This reinforces the fact that people still belief that the price of bitcoin will continue to rise and there is no panic selling from those holders despite the fact that the price of bitcoin is going on a dip presently. https://dowbit.com/infographics-top-10-richest-bitcoin-addresses/question is are those addresses still being used or just left untouched for a long period of time. Didn't Satoshi have 1Million BTC? or that was bullshit :O
It may be possible, any person is not prohibited on having several addresses you can have 1 million address with 1 BTC each. Most probably these addresses doesn't belong to real persons. They belong to exchanges or gambling websites. Any way, I agree with you about what said about people believing in Bitcoin.
Maybe that is why it is titled as "Top 10 richest Bitcoin Addresses" Didn't Satoshi have 1Million BTC? or that was bullshit :O
Satoshis untouched addresses DO have about million coins in them, but they are not in one address. Those coins are in many addresses, each of them holding "only" 50 BTCSatoshi has never moved any of them. except in the beginning on January 2009 to test if everything works properly. Indeed , he even suggest from the start not to reuse your addresses to maintain anonymity. |
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Statements are easy to make, but imagine how much obstacles Bitcoin had to make through in order to be $100000, nobody was anticipating and maybe words are just mere words. How real world people perceive bitcoin is that matters  $5k is enough to make chaos among traditional financial firms, $10m is impossible cause that's insane! 10,000,000 * 21 m ? that would be 210 trillion, 300% more than the value of all fiat currencies combined! I think as per the conversation $100-300 trillion is how hall estimated the total household amount of the whole world. So that is the amount the coin should worth for it to replace fiat. Again that is their computation if it will replace the latter. |
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Anytime is a good time to get into crypto, but it will be best if you get into it now instead of waiting more years.
Price is getting higher and higher each day last week it just hit the all time high of $5800, even if it is falling right now
the graph will still go up. So for you not to regret it get into crypto as early as possible. Don't wait for the price to go
back to the 3000 level as it might be impossible.
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They reckon 2040 the final block will be mined. I dont see how that is possible.
Super new technologies and more internet users every year as well as more people knowing about mining.
I reckon bitcoin mining will be done by 2025 or so.
Unless i am completely missing alot of facts here...
I personally do not understand block time and all that stuff, but i just guesstimate that as early as 2025 its done.
Thanks for reading and educating me.
As per satoshi's post way back in 2009, "Total circulation will be 21,000,000 coins. It'll be distributed to network nodes when they make blocks, with the amount cut in half every 4 years. first 4 years 10,500,000 coins next 4 years 5,250,000 next 4 years next 4 years 2,625,000 next 4 years next 4 years 1,312,500 next 4 years etc... " it is hard to determine if when will the last block be mined, as the value is cut to half every 4 years but as time goes by the value of each block is also cut into half so it is the efficiency of mining that will be considered. |
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When we are at $1K people call us scam When we are at $5K people call us bubble When we are at $10 Mllion, i have no idea what do people call us because they would have be gone  They might call us in insane  There are a lot of posts out there implying that they expect bitcoin can continue to rise in value indefinitely, or forever. I agree that it will continue to rise in value but it will eventually top out. Even if bitcoin were to become the predominant currency and replace fiat, its value could only increase as fast as global GDP increases (~2-3% per year) so I don't think it will reach the 10 mil mark.
$10 million is the price for the coin to replace fiat, if it will then it will be more than that amount since global GDP will be more than the amount stated because of the yearly growth. I think it's too good to be true but if bitcoin show a promising progress and it's popularity keep growing until next 10 year, I think it will happen.
But overall it become people's choice whenever they still believe on bitcoin by holding as long as possible or they loss everything. That's the risk of being bitcoin investor !
Yes it really depends on the people if it will be accepted by everyone. And also if governments will not release their own crypto currency. |
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the transition from physical currency to digital currency has begun a long time ago. these days people rarely use cash. we are all using cards, our phones and all kinds of weird stuff to pay online/offline. and that was a long process and took years.
transition from fiat to bitcoin is another thing though. I don't think it will happen. people and government won't simply give up on their centralized country currency and use a decentralized global one. not for another 100 years maybe. but that doesn't mean bitcoin can be used as a currency alongside fiat though. I am only talking about replacing it.
Yes 100 years or more maybe. It is really hard to accept this. How will large nations react on it. Foreign Exchange will be extinct which means every country will just have the same currency. Gold reserve will not be important for a country's economy. Maybe before we reach a world using just crypto currency we need to have a stage first that every nation has a single currency. Hopefully when we reach the stage that crypto currency is the new fiat it will still be bitcoin not just a government generated crypto currency. |
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