We ©an $ee the pri©e now, $200 i$ on the way. ©2017
If it does fall to $200, I will be a buyer. The only way I see Bitcoin's price falling so dramatically, at this point, is if a huge technical glitch or vulnerability is discovered and exploited or if major countries start to declare bitcoin illegal. |
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Trumpcoin: March 1 2016 : 160 sat. January 15 2017 : 63462 sat. An increase of 39563.75 % !! If those values are converted to dollars, the percentage increase is even higher. That's the another shit coin, I won't be expecting a lot for the trump coin. It's fully with pump and dump. I don't ever seen an interesting innovation in there although trump coin has based on the trump's hype. but in this time you know what's US feeling about trump.  The link the guy who started the thread posted shows cryptocurrencies in terms of how much their value increased, not in terms of which is superior technically. Trumpcoin's value since January 15 has plummeted but I think the creator foresaw this fad well. It may increase again in 4 years if Trump gets re-elected. Who knows? I'm sure there are cryptocurrencies out there that outperformed even Trumpcoin in 2016. I think Trumpcoin history could be pretty similar to Cagecoin, but maybe I'm wrong. https://cointelegraph.com/news/cagecoin-rises-30000-hits-top-10-market-caps-disappearsThe greatest price rises of Trumpcoin always happened at key events like when he won the election, when he got sworn into office and when he became the Republican nominee. The price rises in Cagecoin though, don't seem to be related to Nicolas Cage events. It seems, from reading your link, that a large number of coins were burned in September. If so, that is a legitimate reason for the rise in prices. There may also not be enough sell orders in the exchanges as only a $5000 buy order seemed to be enough to increase the price 3000 times. Maybe Nicolas Cage bought it?  |
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Trumpcoin: March 1 2016 : 160 sat. January 15 2017 : 63462 sat. An increase of 39563.75 % !! If those values are converted to dollars, the percentage increase is even higher. That's the another shit coin, I won't be expecting a lot for the trump coin. It's fully with pump and dump. I don't ever seen an interesting innovation in there although trump coin has based on the trump's hype. but in this time you know what's US feeling about trump. The link the guy who started the thread posted shows cryptocurrencies in terms of how much their value increased, not in terms of which is superior technically. Trumpcoin's value since January 15 has plummeted but I think the creator foresaw this fad well. It may increase again in 4 years if Trump gets re-elected. Who knows? I'm sure there are cryptocurrencies out there that outperformed even Trumpcoin in 2016. |
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Trumpcoin: March 1 2016 : 160 sat. January 15 2017 : 63462 sat. An increase of 39563.75 % !! If those values are converted to dollars, the percentage increase is even higher. |
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How many BTC will make you a fiat millionaire ($) in 5 years? Why?
According to the poll 2 people believe that 1 BTC will be valued at $100,000,000 in 5 years. I don't think it will happen but I hope it does. |
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Hi, everyone! I want to create a mining farm.
Antminer s9 is currently out of stock so i'm planning to get the t9.
I did all the research and computation. I won't earn because of electricity consumption. I will even lose.
So i'm planning to buy 1,000 Antminers. My question is:
Where in the world I could set this up without having to pay big on electricity.
Second, is the t9 good alternative to the s9. 11,500 GH/s.
Do you have any tips for me on mining?
Please, help me guys.
Or if you have any suggestion where I can boost some money with bitcoin please tell do tell me.
My budget: 400,000 usd - 2,000,000 usd
Thanks!
If you are inexperienced at large-scale mining, it may be wise to partner up with an experienced and established mining company to reduce your risk. The best place to set the project up in the world as far as I know is Iceland or the Chinese Himalayas. Both places have good electricity prices and a cold climate for cooling the miners. |
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The Coinbase CEO has special interests in Bitcoin because his entire business is based on its use. Therefore it is normal for him to hype this crypto-currency. I am positive towards Bitcoin's future status but not as much as the Coinbase CEO. |
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What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?
It depends on when they decide to sell. The psychology of every person is different and each of them would react differently to a sudden price drop. If a big sell happens as a reaction to bad news about Bitcoin, more sells by other traders could follow. If a big sell happens when expectations are high and the news is good, the price of Bitcoin is less likely to collapse. In both cases though there will be people who simply sell because the price is falling or buy because the price has fallen. |
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I think that Bitcoins that can never again be in circulation should not be used in the calculation market cap. It would be like measuring today’s Plutonium market cap and also including the amount that has been lost to radioactive decay. I guess though, that inactive Bitcoins (and other cryptocurrencies) would be more of a problem for ranking sites like coinmarketcap than the actual holders.
Market Capitalization is a term that really doesn't apply to commodities such as bitcoin (or gold, or plutonium, or corn). When was the last time that you saw a serious financial report on gold that referred to gold's "Market Cap" or the "Market Cap" of corn? People that don't understand the term like to use it to compare bitcoin to a stock, but it isn't a realistic comparison and doesn't have any useful meaning behind it. Regrettably, I had checked the definition of market capitalization before posting the previous post and then, forgetting to change it, posted it anyway. Yes, it is wrong to apply it to commodities like plutonium. So to rephrase my previous post: I think that Bitcoins that can never again be in circulation should not be used in the calculation of its total value. It would be like measuring Plutonium’s current total value and also including the amount that has been lost to radioactive decay. I guess though, that inactive Bitcoins (and other cryptocurrencies) would be more of a problem for ranking sites like coinmarketcap than the actual holders. |
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I suspect that when our generation of Bitcoin holders dies, a lot of us will not have left information for our heirs to access our wallets.
Why not? It's not like you can take it with you. You may not share your wallet information with your heir if: -You die in an unexpected accident such as a car crash and did not share your wallet information or write a will because you thought you were going to live longer and that there would be time for it later. -You hold a low amount of BTC and believe that bothering to share your wallet information would be a waste of time for such an insignificant amount. -You don’t care what happens after you die. -You don’t have anyone you want to leave your belongings to. and is there a way to stop it?
Not without a hard fork and agreement from the vast majority of all participants (miners, nodes, merchants, users, exchanges, speculators, etc). Getting that sort of agreement on changing the very nature of bitcoin, a nature that most of them desire in the first place, is effectively impossible. It isn't going to happen. Why would you want to stop it anyhow? This is one of the great features of bitcoin. In the long run, if 50% of Bitcoin’s total supply becomes inactive will people still want to use it?
Absolutely! Why wouldn't you? You get to have the exact same number of satoshis, but they are worth twice as much money. Isn't this a good thing? It is a good thing if you look at it in terms of price. If you hold Bitcoins then it is fantastic because what you hold gains value. However, looking at it from another angle, the market cap becomes misleading as more inactive coins exist. I think that Bitcoins that can never again be in circulation should not be used in the calculation market cap. It would be like measuring today’s Plutonium market cap and also including the amount that has been lost to radioactive decay. I guess though, that inactive Bitcoins (and other cryptocurrencies) would be more of a problem for ranking sites like coinmarketcap than the actual holders. I personally can’t think of any direct negative effect inactive coins would have on the actual holders. |
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I suspect that when our generation of Bitcoin holders dies, a lot of us will not have left information for our heirs to access our wallets. If so, then most of the Bitcoin supply will eventually become inactive as most wallets containing Bitcoin will belong to people who are deceased. As mining will eventually finish as well, there will be no way to generate new bitcoins. The TOTAL supply and market cap will look the same on paper but, in reality, the ACTIVE supply and market cap will be a lot less due to these inactive wallets. Eventually, as the active supply falls, the price should rise but it will not reflect the total supply just the active supply.
After all Bitcoins are generated, do you agree that the ACTIVE supply will eventually fall and is there a way to stop it?
In the long run, if 50% of Bitcoin’s total supply becomes inactive will people still want to use it?
Is there a way to measure active supply?
Can crypto-currencies be programmed to automatically burn all coins in wallets that have been inactive for more than 100 years?
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It was an interesting article. I have frequently wondered if Bitcoin can eventually drive Western Union and similar companies out of business. |
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My bank closed my account last year for no reason, and all money in my account was gone. I argued with the bank, even contacted the local government, no use. My bank just stated that "Pursuant to the CMA Disclosure and Agreement, 'THE BANK, at its discretion, may elect not to accept an account, terminate the account agreement and the account agreements of any related parties'. Both parties to the agreements have the right to end the relationship at any time and neither is obliged to provide a basis for such a decision to terminate". No single word explaing the termination was given to me. I contacted all banking lawyers online, and they were all representing the bank, not the customers. The money I lost can buy a new Mercedes. However, banks around the world now are too powerful. They are too big to fail. When you open an account in the United States, and probably also many other countries, you voluntarily give up the rights to sue the bank under their arbitrage clause. Even worse, they define the financial laws and enforce them. They can close your account, freeze and steal your property and evict you from your house. The more money you deposit into your bank account, the more you are helping the evil. I'm glad to see Bitcoin is changing all of these. Let banks die!
The problem is that a lot of people buy Bitcoin via banks. Therefore Bitcoin is not totally independent of banks in my opinion. There are places to get Bitcoin with cash in hand but you usually pay a higher fee. Cryptocurrency exchanges are also getting regulated and, I believe, they have the power to sieze or freeze your Bitcoin. If you want to be totally safe, you need to store Bitcoin in the core wallet and keep it offline and only go for cash in hand offers (watching out for counterfeit). |
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is bitcoin more popular than US Dollar ?
No, bitcoin is not more popular than the US dollar. I think even the isolated tribes in the amazon know of the US dollar. |
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Most countries like to have control over the money used within their borders. Bitcoin and other crypto-currencies challenge this authority. What Would Happen If Bitcoin Were Declared Illegal in the USA?
If Bitcoin were considered contraband would its black market value increase like some illegal drugs or would the value fall? What economic principals would be at work in this scenario and what type of logical arguments make sense?
If Bitcoin was banned in the USA, I believe the value would fall dramatically as it is one of the largest markets for this technology. However, the demand for cryptocurrencies in general will not change. The people who can't buy Bitcoin switch to other cryptocurrencies. Not even people in illegal activities would risk holding outlawed Bitcoin when there are so many similar alternatives to choose from. |
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Bitcoin > Gold Bitcoin you can sell 24 hours a day. Would be very difficult to sell gold in the middle of the night Yes it's true I'm 100% agree with you. Gold is less liquidate asset than Bitcoin that is why Bitcoin should not be called an asset it should be called money or currency and it is 100% liquidate just like cash. If we store gold in bank locker than it will be not accessible at midnight but Bitcoin can be used whenever you want to use, only requirement to use Bitcoin is you need a digital device like mobile, computer etc and internet connection to access Bitcoin fund. I disagree with this. Bitcoin does not have higher liquidity than gold. To quote Investopedia "Liquidity describes the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset's price". Gold's daily volume has seen $20 billion USD which is higher than Bitcoin's total market cap. If you try to buy Bitcoin with all of gold's daily volume I think the BTC/USD rate would fly to $100,000 in one day maybe even more as Bitcoin only has $100 million daily volume. I hope someone tries this in fact. In terms of accessibility, where I live, gold still wins. Bitcoin/fiat exchanges I have access to have huge differences between buy and sell prices as well as ridiculous commissions. However, I can easily buy and sell gold with an online bank account 24 hours a day at a reasonable rate. |
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Advice, tips, speculation please.
If you are looking at cryptocurrency investments, I suggest that you follow Tai Zen's channel cryptocurrency market at https://www.youtube.com/channel/UC_S5FBcMfrFbeV1ZRa3dJmA. They publish videos about market predictions, new coins and suggest whether to invest or not. They do have hits as well as misses on price predictions so be very sure before you invest. Outside of crytocurrency, I personally prefer stocks and the forex market with leverage. |
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Maybe not to get rich, but sure as hell to earn a decent amount of money with bitcoins.
How much money did you earn with bitcoins? Or did you lose some?
The price hike in early 2017 netted me a 50% profit. At this stage, with a price >$900.00, I assume most people are in profit. The only ones who aren't are those who panicked and sold for a loss during price falls or bought at $1000+. |
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Highly doubt it. Currently around 40% people in the world use the internet. Internet users need to increase by a lot more in order to achieve higher global adoption of Bitcoin.
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