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My salary has been 100% bitcoin for 2 years now. I am quite pleased with my base currency being bitcoins and converting to fiat on rare occasions.
I use BitWage. I hope they start allowing people in other countries to use their service.
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i don't have much regret mainly because i never overspend my money and always act within budget  but the only regret i have is investing in a couple of altcoins in bad time which lead to some bitcoin loss because i had to dump at lower price. Ya, I bought way too many Namecoins. I wanted to invest in an alt coin that I really believed in and would love to see distributed domain names but others do not appear to feel the same way. |
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China putting up more currency controls....awesome for Bitcoin!  |
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Considering you could have used the money to buy bitcoins and essentially double your money instead, what purchases did you make this year that you are now regretting?
If you knew what you know now, would you have been more frugal with your money?
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As I predicted, psychological resistance at 1000 $ worked. Daytraders were sunny because it was quite wavy, but I do not think it will take too long. In a few days,it will sit in a narrower space and consolidate his place.
Yes. It looks like $1000 is a good resistance for bitcoin and I don't think it will be taken out today. But by January 2017, we should see bitcoin crossing $1000 mark in style. Until then, enjoy the new year celebration! China shuts down for New Year. All its banks are closed and no money can get sent to exchanges from them. Bitcoin trading will be lame until those banks open again. China celebrates western New Year? I know they shut things down for like a week during Chinese New Year. |
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So I posted the question last year of what people predicted the price would be January 1, 2017 https://bitcointalk.org/index.php?topic=1309383.0Price currently $960 on bitcoinaverage (will update the January 1 price) Price when thread was started was about $430 Here are some of the early predictions: My prediction: $750 Closest specific predictions:1Referee: I will say $1000. diegz: price might be $1000 or below that.. LFC_Bitcoin: 925 USD BellaBitBit: 878.00 Junko: $1337 Oceriw: $872 Range predictions:sillug: Around $1,000 bajing: around $1000 ~Bitcoin~: i expect price to swing between 800-1k Dux2K: 800 - 1000 rjclarke2000: I'd say between $750 and $1k. coinzat: 500 to $1000 So close:Emersonnets: $1000+ tekno: 900-950$ ivanst776: $700 - $900 Blue_Tiger73: I predict around $1000 by the end of January. JOKES. Probably around $700. icem3lter: around $900 And then... The Pharmacist: how about $430? There's a good chance the price is going to go absolutely nowhere. kwukduck: $37 What price do you believe bitcoin will be on January 1, 2018? I am curious to see what those that guessed close to this year's price have to say. My prediction: $1,000 But I believe this will be the price on the way down from a new ATH, whatever that may be. (I was conservative in my last year's estimate too) (I will lock the thread after January as the last thread became signature spammer paradise) |
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I am curious about how all of these people that don't know how to earn money even eat. How do you live?
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with whom you could trust your life? Well... that's the trick right there. I can count the people I could *possibly* trust with my life on one hand and most of those are family, not friends. Unfortunately, most people disappoint when it really matters. If you want to make America great again, open up Ellis Island again. It's what made America great in the first place.
You can't have open borders along with a massive welfare state. Get rid of the latter and I'm all for the former. I am in favor of only taxing foreigners. “From whom do the kings of the earth collect customs and taxes: from their own sons, or from others?” “From others,” Peter answered. “Then the sons are exempt,” Jesus declared.… |
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Someone once asked Bill Gates how he made so much money. His answer: signature campaigns
Maybe you are all onto something. I know when I want to spend my money the first thing I think of is "someone's signature".
You will all be rich some day by spending hours developing your forum posting skills. There is a huge future in it. This forum will likely go on forever and the value will always go up for signatures.
It's not like someone could write a computer program to post mindless drivel all over the forum and take your jobs away.
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I bought 10 coins in November at approx 700. Is that a small amount compare to other ppl here? Maybe I should buy more?? This is my first post!
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phew. good thing I didn't bet for Bitcoin to not reach the 1000$ in the bitcoin gambling sites. I would be sweating right now
Back in 2013 I spent $50 on a 1 bitcoin bet saying the price would be $10,000 by the end of this month. Unfortunately for those that bet against me the site went down a few years ago. |
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Bump for those that haven't seen this list since the price increase.
And again for this increase. Don't sell, spend. |
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After the run up in 2013 the result was a lot of new people that are used to the old way of doing things and so they started trying to make Bitcoin fit in with the old systems "let's regulate it!" "why not use the underlying technology in banks?!?"
It reminds me of people leaving shitty Massachussets and moving to New Hampshire, then voting for taxes and big government programs that they had in Taxachussets. The reason it is a better place to live is because it doesn't have the shitty policies of your old state Massholes.
Same with Bitcoin. The reason it works is because it isn't the shitty old system. Don't try to force it into the old shitty ways of finance. If you want to help make the price rise, come up with new ideas and new technology to make use of this new system. Don't look to the government or banks for the answer.
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Just jumping in here before I fly off to Kuwait for another stint in Afghanistan. Would have preferred the bitcoin price be like last year while I make AF money but it's all good. Glad I put the sale of my house into bitcoin back in June.
The previous bubbles started with a doubling of the price within a month. Looks like the low hit $787 in the past 3 days. If the price is over $1,500 by January 19-20th then it will be over $3k near the beginning of February and then $6k a week later. (If history is any indicator)
Initially I had thought that there was nothing behind this surge but I think that just like the last bubble was China coming online, this one looks like India is coming aboard. With their government screwing with their monetary system plus the added rumor that they will ban gold (India has a huge amount of gold) the price in Rupees for bitcoin has already shot over $1k and their exchanges are being flooded with new users. The only difference this time is that China was half speculation and partly China actually starting to get involved. India coming onboard does not appear to be hyped, it's just happening.
I understand what you are saying regarding China and India; however, the fact of the matter remains that even if there are various incentives and increases in the onboarding of a large number of folks into bitcoin, the onboarding into bitcoin still remains a relatively small portion of either of those populations - which is likely even better for the long term of bitcoin to experience more and more people onboarding bitcoin and more and more reasons for them to do so and more and more channels for them to do so It is certainly a small portion of the population just like bitcoin is only owned by a small portion of Americans. Most likely less than .0001%. That's a lot of upside. I read an article that bitcoin is overtaking gold volume in Brazil. Imagine that happening in India. Bitcoin price would be in the tens of thousands. |
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72. Burma  |
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I'm not agreeing with this because in the Netherlands I had read that they are even considering making their own coin, I think there are possibilities for banks honestly.
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Just jumping in here before I fly off to Kuwait for another stint in Afghanistan. Would have preferred the bitcoin price be like last year while I make AF money but it's all good. Glad I put the sale of my house into bitcoin back in June.
The previous bubbles started with a doubling of the price within a month. Looks like the low hit $787 in the past 3 days. If the price is over $1,500 by January 19-20th then it will be over $3k near the beginning of February and then $6k a week later. (If history is any indicator)
Initially I had thought that there was nothing behind this surge but I think that just like the last bubble was China coming online, this one looks like India is coming aboard. With their government screwing with their monetary system plus the added rumor that they will ban gold (India has a huge amount of gold) the price in Rupees for bitcoin has already shot over $1k and their exchanges are being flooded with new users. The only difference this time is that China was half speculation and partly China actually starting to get involved. India coming onboard does not appear to be hyped, it's just happening.
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I see this often "banks should start working with Bitcoin users since that's where things are headed, why not cooperate?".
If you think your bank is going to keep your bitcoins in some account then you can use your debit card to convert to dollars at the point of sale then you don't really understand the main revenue of banks.
Banks hold your dollars in their bank accounts. They then turn around and leverage your dollars in their account by 10 times to issue loans to people where they get their main revenue.
If people are holding their funds in bitcoins and only using banks as a transaction medium the bank is not making much money.
Don't expect banks to embrace Bitcoin. The reason they're all creating their own "blockchains" is so they can make it so that they can hold your funds and leverage it.
Every central bank warning about Bitcoin is another central bank realizing that they are going to lose if people start using Bitcoin.
Perfectly said about bank and bitcoin, because bank operation is to utilize the money deposited in their bank from the account holders to some good revenue generating so that from that revenue they can maintain their expenses cost and give interest to account holders. because without revenue generating they cannot run the bank with their own pocket money. But it is also true that Bank and Bitcoin are both different ways of system. Bank is used to run all your business transaction with fiat currency and bitcoin is mainly used for investment and online shopping and online work but what will be happen if bank is adopted blockchain technology? is it be good for bank to work with bitcoin? because we see that bitcoin is made simple transaction to do without to give our details, but in bank we need to give our details in transaction. beside that, the fee is the mostly problem for bank which is higher than bitcoin. i believe that in someday, bank will be learn about blockchain technology and if they can learn and know about the benefit of blockchain technology, i am sure the bank will be adopt it into their technology so the bank will work with bitcoin. This is very flawed thinking. A bank cannot adopt the blockchain without making it a currency (don't tell them, let them waste their resources). A blockchain exists because miners are rewarded. This is the only way the double spend is solved. The only way a bank can survive is to become an exchange and then become a bitcoin service like blockchain.info. |
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