There are continuing rumors about another bitcoin hardfork on December. If this happen, will bitcoin go for another all-high time or may suffer another big crash this time.
I doubt that the new forks will have a noticeable influence on bitcoin price. Too many of them already, the effect will probably be smaller and smaller with each new fork. Bitcoin Cash was the only serious attempt. |
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After a long time of thinking, reading and also investing a bit into Bitcoin I have to say that it looks for me that the main use is actually just pure Investment.
Yes, I agree. It is 'digital gold', not a replacement for cash and cards. The current bitcoin technology is unsuitable for use as a payment system. The transactions are very slow and expensive, and the performance is severely limited by the protocol. Unless a higher-level solution is introduced, it will be more and more of an investment instrument. What you say with Bitcoin technology is not good, it is a wrong statement. Bitcoin is a new innovation in making the financial system better, faster and easier. Maybe you should think that in the future we will face a lot of changes and one of them is how we do a financial transaction. Bitcoin is a breakthrough that offers many advantages to everyone. Bitcoin is not just an investment, Bitcoin is much bigger than it is. Bitcoin is money, Bitcoin is an asset, Bitcoin is an amazing thing and Bitcoin can realize impossible things to be true. Lots of changes made by Bitcoin, we will all be facing such a sophisticated era and online transactions will be a choice of many people, Bitcoin gives us the ease to perform various financial transactions in the future !!! Bitcoin probably is money and an asset, as gold is. My point is that at present it is unsuitable for day-to-day payments. Bitcoin is much easier, cheaper and faster to obtain and transfer than gold bullion, but much less convenient, slower and more expensive than credit cards. Paying for a cup of coffee with bitcoin currently seems to me as ridiculous as paying with gold grains. |
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After a long time of thinking, reading and also investing a bit into Bitcoin I have to say that it looks for me that the main use is actually just pure Investment.
Yes, I agree. It is 'digital gold', not a replacement for cash and cards. The current bitcoin technology is unsuitable for use as a payment system. The transactions are very slow and expensive, and the performance is severely limited by the protocol. Unless a higher-level solution is introduced, it will be more and more of an investment instrument. |
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the only thing bitcoin did, some poor people who before had no chance of making it to the financial market or get a high paying job, were able to get in when it was cheap and are now having big profits. but even this right now is no longer possible.
Exactly. There was (maybe there still is) a window of possibilities, but an extremely narrow one, affecting a very limited number of people. It changes nothing in the existing economic system. |
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This is just plain fact. The way Bitcoin is developing, it is a tool being used to introduce global communism.
What way? As mentioned in the previous comment, bitcoin wealth distribution is extremely uneven. Moreover, now bitcoin is starting to being used by big players, financial corporations and the like. Rich become richer, poor become poorer, as usual. There is no way bitcoin can even slightly reduce poverty. It may be used as a tool for... interesting purposes in the future, but it may be also used by criminals, terrorists, and secret services (like gold and paper money). It is just a tool, not a special purpose tool. |
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I would no be especially surprised by $10k or even $12k in January, but there will be corrections. Uninterrupted growth of such proportions is impossible. It may both rise to $9k or drop to $7k soon.
I think the biggest success for bitcoin is, if there is a constant beeing around the actual price. To get balanced at this height and not falling deep to the bottom. It seems volatility decreased significantly during this year. I hope it will be more stable and we will not see 40-50% drops anymore. Exactly what in mean. Nobody wants to see these drops, and everybody hopes for big raises. What about a constant price at first? Well, there are traders who want a big raise, but then they dump the coins to fix the profits, and want a further drop to rebuy. There can be no raise without corrections. |
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I would no be especially surprised by $10k or even $12k in January, but there will be corrections. Uninterrupted growth of such proportions is impossible. It may both rise to $9k or drop to $7k soon.
I think the biggest success for bitcoin is, if there is a constant beeing around the actual price. To get balanced at this height and not falling deep to the bottom. It seems volatility decreased significantly during this year. I hope it will be more stable and we will not see 40-50% drops anymore. |
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I would no be especially surprised by $10k or even $12k in January, but there will be corrections. Uninterrupted growth of such proportions is impossible. It may both rise to $9k or drop to $7k soon.
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These news are certainly encouraging. I would not be surprised by $10k by the end of the year, but I would also not be especially surprised by a correction to, say, $7k. However, I suppose that with more big investors the volatility will decrease and the price will continue to rise. |
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I read a report that said only 1% of Humans know about crypto currencies. To be honest, I doubt this is true. I think a lot of people are becoming aware, and another report said 80% of Japan already know's about it's existence.
There are billions of people living in poor countries in Africa, Asia and South America. Many of them use local currency in the cash form only and have never seen a credit card. Of course, they never heard about crypto. A question which often ticks around in my brain is "WHY have the world leaders not spoken of crypto's yet?"
As mentioned in the previous comment, they did. What about you guys? Have you been hearing people speak of crypto's in your daily lives?
I did, but I'm a software engineer and my colleagues are far from proper representation of the general population. |
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Good news. I expected some of the sort, sooner or later. I hope it would bring lower volatility and drive the price further up.
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Received my payout for the first week of the campaign. Thank you!
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Gold has a very long history of usage as money in most countries. It has a physical form and a number of applications beyond monetary use. Bitcoin, on the other hand, is a relatively new development, and for a few years it was mostly a technological curiosity. I think only now It begins to be considered as something valuable by big players. It will take time.
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Counting wallet addresses make little sense, there may be tens and even hundreds of them in each wallet. Personally, I've used the full Bitcoin Core client, then moved to Electrum and in August created a new wallet to move BTC and claim Bitcoin Cash. So three wallets with several addresses each, and two of the wallets are now empty (and will always be).
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Are the signature campaign rewards per week or per post?
Per post, 0.25 ALTCOM for post for full member. |
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Do not worry everything is fine. I updated the data. The payout list sent. If there are errors in the display, rather I'm slowly typing  and you manage to see small inaccuracies. I will try to do everything instantly so as not to bother you Thanks! It's working now, and started counting my posts from 0, so, I suppose, I can expect the payment for the week passed. |
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Same for me. The page has been working properly for several days, including today's morning, reporting that my signature is correct and correctly counting posts and reward. I did not change the signature and I re-checked it again - nothing wrong with it. |
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Bitcoin will change neither economic theories nor economic system. There may be may be voices that it is something completely new and unprecedented, but they are wrong.
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Theoretically trading may be more profitable, if one is able to predict price movements, but it requires a lot of skills, experience, time and a bit of luck. I've tried both and I prefer to hold and buy more at the dips. With the long-term upward trend of bitcoin I'm very reluctant to sell because there is always a possibility that I would never be able to rebuy at a lower price.
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Do you think there will be a correction of the cost to 5-6k?
There will be a correction, no doubt. The question is, from what price level and, consequently, to what level. These sharp spikes are completely unpredictable, it may rise to $9k or $10k, or the price may start dropping right now. A drop to $6k from $8k is possible, to $5k, I think, is already unlikely (but also not impossible). |
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