$40,000 transactions fees, I cant wait
Lol by that time the lightning network should be in full operation, imagine being able to move that much money and pay a dollar or even less as a fee, right now that seems impossible with the current fees but that maybe the reality in the future of bitcoin in just a few years. |
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Bitcoin could be at $40,000 at the end of 2018. It easily could," Michael Novogratz says on CNBC's "Fast Money
Ethereum, which I think just touched $500 or is getting close, could be triple where it is as well," adds Novogratz, formerly a macro hedge fund manager at Fortress Investment Group.
That is definitely a possibility, however more important than the price my biggest worry for the next year is if the the lightning network is going to work as advertised if that is true then everything will be fine but if that is not the case things are going to get really difficult for bitcoin. |
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~snip~
manipulating the bitcoin market by 1% does not make sense and totally worthless at all. you cant get any incentives just by doing this kind of insane idea and you would'nt really notice if your manipulation is a succes or not due the fact that its only 1%. You need a lot of money to manipulate the price of bitcoins. Hence difficult and only billionaires just do it. Similar to BCH that Roger Ver's price is successfully pumped. He sold his bitcoins so that the BCH would increase the price so we have seen recently the rapid rise. Of course, when he earns. Surely many people will be affected.
lol, op is talking about 1% only and not the whole market. there's nothing difficult about it and you can still do it even if your not a millionaire. You can't move Bitcoin by 1% without several millions. The volume is way too high for that. Well you could move it by 1% on a single exchange, but to move the whole market by 1% u would definitely need at least tens of millions of dollars. Back then we saw bitcoin absorb a 30000 BTC massive dump without major problems: https://www.youtube.com/watch?v=-uX_bB_4VJkNowadays the liquidity is so big that you would need a ton of money to create a manipulation worth paying attention to, and that is exactly what governments are doing. Tey are scaring noobs away, and taking their cheap BTC on each dip. They don't want people to be holding BTC on it reaches $1MM a coin. That is a possibility but at the same time if governments of the world do that that will only push the price of bitcoin even higher, and that will make the whales incredibly rich, so rich that their richness could in fact rival governments, think about that, so I have my doubts that is happening. |
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https://www.torproject.org/donate/donate-options.html.en(Due to the current state of the Bitcoin market, our payment processor, Bitpay, will not allow us to accept donations of less than 100 USD. However, we can also accept donations, including smaller donations, through Bitcoin Cash)  It is sad but that is the current state of the bitcoin network, any payment below 100 dollars is no longer worth to make with bitcoin, that is why it is getting harder and harder to make business for people in the forum that are selling their digital products. |
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I d'not like capitalism as a whole, he entered the space government. using fascist power etc., we must distinguish cryptocurrency and capitalism, not the origin word cryptocurrency actually for the benefit capitalism, and can be used to launder the money employes corrupt goverments. the facts are foundhing fathers cryptocurrency ia a nakamoto satoshi have a good anounymous, and has identification similar to white hats. d'not interfere digressively , seriusly i hate capitalism .
How quickly would you change your mind if you lived in a country that is not capitalist, capitalism is the only system that works some say that is an ideology but those that said that are mistaken, capitalism is just the way things work, I will not work as hard if I could not keep most of what I produce that is why communism always fails. |
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The biggest advantage of bitcoin is the increasing price of it, bitcoin price is rise very high in this month, there are many people which get more than 70% only in one month. The fast world wide transactions of bitcoin is also the best feature of bitcoin, its much better than use bank service.
You may be aware of it already but the price of bitcoin isn't really the most important aspect of bitcoin the price of bitcoin will be irrelevant if the government could shut down bitcoin, but they cannot and that is because of the greatest advantage of bitcoin that it is decentralized. |
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That's when the true deflation kicks in, though the block reward will be so low for so many years beforehand that it'll effectively already be in place anyway.
If Bitcoin by then is the de facto option for protecting your savings from inflation then it will be the most desirable asset available to humanity. Throw in no more new coins and that's not exactly going to be a disaster for the price.
But what happens to the miners when there is almost no block reward will they keep mining in order to get the fees of the transactions or will they move to other blockchains? In my opinion that is going to be the key to know what it is going to be the future of bitcoin, do not you agree? |
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You can't say we use bitcoin for short term. Bitcoin is like a long term investment and in return it gives you some benefits. More you hold your coin more you earn the profit that's the reason why people use and hold bitcoin for long term. Many people bought the Bitcoin in 2009 a year when the bitcoin was just launched and now the're billionaire.
If they held for that long, I have severe doubts that people that bought at the early stages still have their coins, if you look at old discussions in the forum there were people that thought bitcoin will never reach 10 dollars and now look at the price so it is likely they sold too early and lost money as a result. |
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I want to start trading , should i buy Bitcoin or Etheureum first ?
I personally highly suggest starting with BTC. BTC is the mother of all other crypto. No matter how good ETH is, at the moment it's still classified as an alt coin. At the beginning it is better to keep things simple so investing in bitcoin is a better option since investing in ETH will require you to watch the price of bitcoin as well, so we might as well invest in bitcoin first where you only need to worry about the price of the dollar. |
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I think bitcoin is overpriced, its actual price must be like $7000-8000 not more, so this is because of that bitcoin is overpriced. In summer, btc was low, altcoins were high. This is a loop
It is very unlikely we are going to see bitcoin that cheap and if we do you better hurry up and buy because at those prices bitcoin is going to be a steal and anyone not taking advantage of that opportunity is going to regret it for the rest of their lives. |
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I just came over from the 'Investor Games' subforum (hope I got that right). A guy there said he came across a site asking to double his bitcoin, he paid in $20 and got $40 the following day or so. He then went for a higher plan of $300 hoping to cash out $600 but they asked him to pay in another $300 before cashing out. He got confused and was asking for advice.
I think I've been there before. Before I became a forum member. I once came across one of those scam sites promising to generate bitcoins. Thought it was real, but when they asked me to pay some transaction fee, I was stuck. I had no money to pay the fee. With the benefit of hindsight, I know I'd have sent them the 'transaction fee' had I had the coins to send them.
Now, what have been your experience with internet scams?
How do we help people not to get scammed?
Scammed can happen by anyone anywhere. I've also been stuck scam a site that offers will make 3x profit from bitcoins investment for 30 days. Then on the 27th day, my account was blocked, I can't withdraw my earnings even my deposit. At least, I get a valuable lesson, something that offers a profit that is too profitable may be a trap, even though the site is trusted. This is very common and it happened to me once as well the only good thing of it is that I only lost a few dollars because of it but since then I have learned to be a lot more careful and since then I have not being scammed once. |
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But now that it has shot up to nearly $17,000 in just a few hours, it doesn't seem like too bad an investment!
Its crazy thinking that just last week i didn't want to buy at $10, or even $11k!
My only fear is that the bubble will pop with it increasing so quickly
Never underestimate what bitcoin can accomplish, the price is still above 14k and it seems it is going to stay there for a moment but to me this seems like just a rest we are going to see bitcoin skyrocketing in the next weeks again as people return from their vacations they got from their bitcoin bonuses. |
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Dollar and bitcoin have direct dependence, because bitcoin is calibrated in terms of dollar. When the dollar value falls, automatically the value of the single bitcoin too decreases. In one way or other everything is interconnected, so there will be corrective factors that make the change in the value system.
This is incorrect, if the value of the dollar falls and the value of bitcoin remains the same then the amount of dollars needed to buy a bitcoin will go up, remember do not make the mistake of thinking that value and price are the same thing because they are not. |
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Anything coming from those guys is going to be good, they just bought bitcoin to laundry some money years ago, got a really great return and are now talking about crypto. That currency won't be supported by anything because most of the country's oil is in debt to Russia and China. Would be interesting to see how the market reacts about it if they go through with it.
I'm from Venezuela, i despise every person in the goverment, anything coming from them is pure cancer, but maybe what the market would see is "The first crypto country" or "The first cryptocurrencie fully backed by a goverment" and make it go to the moon really fast.
Looking forward to read the point of view of the crypto experts of this forum about this topic.
The government has proven a lot of times to be a bunch of dumb people, they cannot manage their economy even when the price of oil was in the sky and now that is not the case it is not surprise they are getting problems running their economies, we know that socialist countries always end like this. |
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I would suggest you use a hardware wallet - it depends on how much BTC you are trying to store. For larger amounts - Hardware
Many people think that a large amount of bitcoin means having hundreds of bitcoins but with the current price of bitcoin even having a single BTC should be enough to make you consider to buy a hardware wallet since hardware wallets are not really that expensive. |
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Short term profits could not be expected from bitcoins and bitcoin mostly benefits only in a long term basis.Altcoins only would best suit for short term profits as its market is highly volatile.Since bitcoin price is continuously moving in bullish trend,short term benefits could not be expected and it would be much better to hold bitcoins for a long time.
Bitcoin can benefit you in the short term, you just need to look at what happened in this month however this year has been atypical since the price has gone up every month, in other years if you invested for the short term you will not know if you were going to earn money or lose it. |
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Has anyone calculated how much money it would take to shift the Bitcoin price with 1% in any direction? <up or down>? Can one of the Bitcoin whales comment on that?
I know you have to do this on several exchanges to have a better affect, but I am just curious. We have seen some pretty huge spikes and dumps lately and I am just curious to know what kind of money are needed to manipulate the price.
Let's just have a friendly discussion without going into too much detail and reveal how easy or difficult this is and how much it will cost to do that. < $1000 spikes in the price in one day, must take a lot of money? >
A few billion US dollars for sure,but it`s not about how much money you have to put into this.The important thing is to spread rumors around the majority of the cryptocurrency traders about the future bitcoin price. The people just have to believe that the price will hit the moon next week,and they will start buying. Anyway,it`s not that easy to manipulate the market like 2-3 years ago. It needs to be less than that with a market cap of 184 billion dollars the 1% of that is 1.84 billion dollars, obviously if you have that you can manipulate the direction of the market up or down but in my opinion you only need a few hundred millions to create a downtrend or uptrend and after that traders and speculators will do the rest. It seems to me that even in this case, the price may remain at the same level. There is still such a thing as demand. If the demand exceeds the offer all coins that you sell will be immediately to buy out other investors. Your investment they can easily compensate your sales. My opinion is that bitcoin itself regulates its price and it is difficult to destabilize.The evidence points that this is not the case, if bitcoin was self regulating then satoshi should have create some measures in the code for that to happen and that is not the case, bitcoin is subject to the old principle of supply and demand and that makes bitcoin easy to manipulate. |
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This is why you never listen to FUD, and never listen in fomo market conditions as well. Make up your own decisions.
Well said.
What it happens is that people do not really trust bitcoin and they are in just for the money, they do not want to make any kind of analysis the only thing they care is about making money and when the price of bitcoin goes down they sell since they were never convinced about bitcoin. |
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I don't really think that it is related with the price of BTC, it will be on the standard level, the solution here is another fork which we should wait and trust the developers that they can fix this issue. Though, honestly the confirmation also takes a lot of time, waiting is too long but it's okay, i know this kind of issue will be solved.
No we do not need another fork, we need the solution of the devs to be fully implemented and that is not going to happen until next year, the only thing we can do now is to wait and see if the lightning network works, I have no doubt it will, but we will have to see it with our own eyes to finally settle that issue. I hope this one will be implemented soon, good thing bitcoin's price is going higher and the cost of the fees is being compensated by the increase of the price in fiat but once the lightning network is implemented it will surely entice more people to invest into bitcoin. Once people see that the lightning network is going to work people are going to forget about all these forks, the forks are just temporary on their nature I hope people do not invest in them or they are going to sloe a lot of money when the price of the forks goes to zero. |
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I think you forgot a few more zeroes at the end of $100,000 there.
And why exactly bitcoin will be so valuable? I love bitcoin but even the price reaching 100k in a few years is a lot of money, why you think bitcoin could be worth one million or even 10 million, almost all the money of the world will need to move through bitcoin for that to happen. |
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