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You are way too optimistic.
My predictions aren't about percentages of probability.
My predictions are more like:
2025-1 out of a million
2026-1 out of 100K
2027-1 out of 10K
2028-1 out of 1K
2029-1 out 100
If Bitcoin is still strong and standing by 2029,then a price of 1 million USD would be probable at around 1%.
However,I'm not sure that the western governments/central banks or China won't try to shutdown the Bitcoin Core blockchain by making BTC mining and cryptocurrency mining in general completely illegal.
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As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
Are we living in 2020?Last year,the forum was full with users asking the same question multiple times. Will the pandemic boost digital currencies?Well,there's no simple answer to your question,OP. What do you mean by "digital currencies"?Paypal,Cashapp,Venmo,or cryptocurrencies? They are not the came.You will have to learn to distinguish them. To be honest,I don't have enough statistical data to answer your question. |
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A 51% attack would be wasting tremendous amounts of energy,just to get control over a blockchain that won't have any value after the attack.What's the point? The Bitcoin price will drop catastrophically after a successful 51% attack and the attacker will get a bunch of worthless BTC.What's the point?Can somebody of you FUDsters answer me? Damn,all the FUDsters simply can't create new narratives to shit over Bitcoin.They just keep repeating the old stuff.Over and over,again and again.  |
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Do you need to write such a big wall of text in order to explain something that simple?
Sometimes I wonder if all those FUD accounts on the forum are just alt accounts to one person.
Why do you even care?If you are thinking that Bitcoin doesn't exist,then OK,just deal with it and move on with your life.This topic has been explained before.There's no reason for us to explain it again.
If you were scammed and you've lost your Bitcoins,just move on.I believe that most of the FUDsters in the BTC community are people,who lost money.That's why they are bitter about Bitcoin.
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The Tesla price drop has nothing to do with the Bitcoin price drop.Tesla stocks were and still are overpriced.
Musk doesn't care about Bitcoin,just like 80% of all the investors,who bought Bitcoin.They care only about prices and profit margins.Everything is about "buy low,sell high".
Tesla would never cost hundreds of billions of dollars,if the government wasn't supporting that company with regulatory credits.
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Are you saying that all altcoin blockchains are similar to the Bitcoin blockchain?
What about the differences between PoW and PoS?Proof-of-stake is not the same as Proof-of-work.
Ethereum isn't similar to Bitcoin and it will never be.
Most of the shitcoins are already obsolete,but sooner or later,someone will create an altcoin,that is good enough to compete with Bitcoin.It's always good to have competition on the market.If Bitcoin Core was a total monopoly,then the Bitcoin Core Devs wouldn't be motivated to improve the Bitcoin blockchain and make Bitcoin better.
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To be honest,I don't care.It doesn't matter what symbols are being used.The question is how they were used.
I assume that this is more of a web design problem rather than a problem with features,functionality,etc. of every online casino.I like online casinos that have simple straight to the point look,instead of casinos that have heavy loading webpages with a shiny,colorful,"all over the place",confusing web design.
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Bitcoin can't break out anymore Elon waits to a pump to 39-40k and then Elon fud about bitcoin to keep it on the low 30k range.
It will never break the 40k because Elon tweets about it and make a market crash.
Like it or not he control the market.
The days for the btc are over unless elon dies.
I'm not an Elon Musk fan as well,but I think that Elon will reconsider his view on Bitcoin mining,if the miners start using more green energy or recycle the heat,which is produced during the mining process. Sooner or later,BTC mining will become more "green",eco friendly and efficient.This might not happen in the upcoming months,but it will happen for sure. The SEC will punish Musk for his tweets,so he will stop spreading FUD over social media. |
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Bitcoin has already been adopted by all the marketplaces,that are used for buying/selling CS:GO skins,like Bitskins,Skinbaron,etc.
I wonder how the gamers will earn bitcoins by playing Counter Strike:Global offensive.
I've never heard of this ZEBEDEE wallet and I won't use such service.Unfortunately KYC policies are becoming inevitable and more and more online services will ask for ID verification and proof of address.
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Why do I have the feeling that this is old news? The idea of a global tax won't work,because many countries won't agree to raise their taxes. The democratic administration is changing it's approach,but I'm not sure that this "global data sharing" initiative will succeed.The USA is already spying most of the world.Can't the CIA just gather all this information without any help from other countries?  I guess that the crypto tax evaders are a bigger threat for the IRS,compared to the fiat tax evaders. |
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Is there centralization in the decentralization system of bitcoin? I understood there are few BTC mining farms in the world. This mining companies are not distributed across the continents, let's say each continent should have one mining farm.
Is it therefore not wrong to say that there is an iota of centralization in the decentralized system.
Remember, what largely defines centralization of the banking system is it's transaction approval and/or confirmation system(The Ledger). So, it is somewhat correct to say that the blockchain is the ledger of the bitcoin. So, if the process is centralized, it is therefore a sign that in the nearest future, the government of different countries can build a mining farm where they can manipulate to centralize digital currency, if not bitcoin it can be another. By then they can achieve total centralization in Decentralization.
Am I missing a point here or there is something I didn't understand?
Why would mining farms be equally distributed across the continents? Mining farms are located in places,where the electricity is cheap.It doesn't matter in which continent or country.If mining farms are banned from mining in a certain country,they will move elsewhere. A government has the resources to build a giant mining farm,but no government will do that,because the governments can simply change legislation and regulations,in regards to crypto mining,instead of investing/wasting tons of money to build crypto mining facilities. |
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A lot of rumors about doge that it will pump to 1$.. Also there is a rumor that it will be live on Coinbase on 11th of the june..
Should we hodl our coin till 11th.. please suggest..
I think that the rumors about Coinbase accepting Dogecoin payments are true. However,I don't believe that Dogecoin will ever going to hit 1USD price. Dogecoin has a big supply and the dogecoin price was pretty much pumped by Elon Musk,so DOGE is in a bubble,that might pop every moment. A really small amount of wallets own the majority of dogecoins in existence,so those wallets are sell at any time,creating selling pressure and dumping the price of dogecoin severely. Dogecoin going to 0,5 USD is a more realistic expectation in the short term. |
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I was expecting a reaction from SEC,in response of the irresponsible social media behavior of Elon Musk.
The Security and Exchange Commission reacted too late(again).
Elon Musk owns less than 25% of Tesla.The company has other shareholders and Musk should be held responsible for dumping the Tesla stock prices due to his market manipulations.
Dogecoin is a joke and Musk should be punished for promoting an obvious shitcoin.
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I bought a gift card code that wasn't working via Paypal.
I filed a dispute and I escalated to a claim,providing all the necessary screenshots as an evidence.
I lost the claim,because digital items aren't under buyer protection anymore.
This means that you can buy some corrupted pdf file from a scammer and you won't get your money back,even if you provide all the evidence that the file is corrupted.
Paypal got from bad to worse in the last 7-8 years.
Some crypto casinos and crypto exchange platforms aren't any better than Paypal.
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I think BTC prices have been following Elon's tweet recently. He said Tesla will no longer accept btc and btc instantly crumbled down almost %50.
And it's not only btc. Everyone knows by now DOGE's phenomenon. Went but %21,000, thanks to Elon.
So I'm wondering, what if he tweets rights now "we are back accepting btc as a payment method". Or, more realistically he names a crypto currentcy no one looks at, sitting in the back all lonely and sad talking about "no one wants to play with me" and then comes along Elon and mentions it's name and all of sudden it's a superstar everyone wants to get a piece of. Would you too? You waiting on a tweet?
I don't care about what Elon Musk tweets,but there hundreds or even thousands of people,who are waiting for him to point at the next "shiny object",so they could start buying. I'm sure that Bitcoin will return back to 60K USD,if Tesla accepts BTC payments,but it doesn't matter anymore.If Tesla doesn't pump Bitcoin,something else will pump Bitcoin for sure. The vast majority of the crypto traders don't care about Bitcoin,dogecoin,shitcoin or whatever. They just want to buy low and sell high. |
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An electric car that mines cryptocurrency?This sounds like a strange idea to me.
Perhaps this is a scam crowdfunding project,which targets cryptocurrency users,who were butthurt by the fact,that Elon Musk dumped Bitcoin.There are several concerns about this project.
1.Raising 350 million USD in funding seems pretty ambitious.Will the investors get their money back,if the funding goal isn't reached?
2.Does this guy (Aldo Baiocchi) know how cryptocurrencies like Bitcoin are mined and what amount of electricity is required?
If this car really mines BTC,it would probably mine around 0.00001 BTC per month,which is totally not worth it.
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You have diversified your investments,OP. I wouldn't use 20 different platforms to store my capital.This sounds like a pain in the a$$. I usually don't trust altcoin/token projects so I wouldn't bet my money on them.I'm always afraid that sooner or later,some of those platforms are going to scam me or get hacked. I want to keep it simple and just HODL Bitcoins. I don't believe in the concept of "passive income".People always have to work hard to gather more money. My income should always be active. |
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It seems to me that Michael Saylor desperately wants the Bitcoin price to go up again,so he is doing what he can-talking bullish and spreading propaganda. He isn't any better than Elon Musk,he's just on the other side of the barricade-A die hard Bitcoin fanatic,instead of an opportunistic FUDster,(like Elon Musk).I don't know if Saylor is sincere or a hypocrite.Is he just playing a role?Most of his talking is just wishful thinking,rather than a detailed analysis of the crypto markets. |
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Satoshi envisioned Bitcoin as a Peer-to-Peer Electronic Cash System. While it can and has been used for payments, its use as a medium of exchange has so far been very limited.
It has moved from being a collectible to a store of value. Will it ever move to being a widely adopted medium of exchange and global payment solution?
Bitcoin will become widely adopted only if the BTC price becomes more stable and the governments/central banks allow BTC to be widely adopted. We have to face the truth.Bitcoin cannot become a truly global currency,if: 1.Governments don't like BTC,because of tax evasion,money laundering,energy consumption,any other FUD,etc.. 2.Small business owners don't like BTC,because it's highly volatile. 3.The transaction fees and confirmation time can increase a lot sometimes. |
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I think that you are exaggerating a little bit. The human civilization is moving from ages of liberty to ages of more government control,and from ages of government control back to a time when liberty dominates. The eastern European countries lived 45 years under totalitarian regimes.After that,they embraced liberty and democracy.The western countries had a "welfare state" and "big governments" before Reagan and Thatcher. Bitcoin cannot be used as a "currency of the oppressed",because it's not anonymous and it is pretty easy to get tracked(unless you are using a trusted Bitcoin mixer service). If a dystopian regime begins oppressing the people,many will rise up and lead the rebellion.Simply using Bitcoin isn't enough to destroy a dystopian regime.We would need a revolution. |
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