|
OP just wants to promote ethereum and for that,he is just speculating without providing any solid reason.I don't understand how he guessed a price of $3,000 for bitcoin.While many promoted last week to invest in BCH,in contrary to that,OP is advising to invest in ethereum.I think that he would have checked the price of bitcoin to be $7,702 today and would have got frustrated by that.
|
|
|
|
|
It depends on the country you live.Some countries like japan have legalized bitcoin and you could even buy a flight ticket there with bitcoins while some countries like bangladesh have banned bitcoin and even six months imprisonment is given to bitcoin users.Bitcoin is a new form of digital currency and many governments fear that they would lose their control over their economy if they allow bitcoin.You could earn bitcoin and be careful while spending it since your government has mentioned it as illegal.
|
|
|
|
|
We saw earlier that bitcoin price triggered and reached ATH of $8,000 just immediately after CME entered bitcoin market and announced that it would release bitcoin futures.Thousands of new accounts were opened in coinbase immediately.So,if more such firms enter bitcoin,then bitcoin price would skyrocket and it may reach $50,000 within three years.Also,no big immediate threat is found for bitcoin now and it would also pave the way for smooth increase in price.
|
|
|
|
|
It would be really worth only if you would be able to get cheap electricity and if you could afford to buy powerful ASIC miners to mine bitcoin.
The main aspect you should take in to consideration is that government is not in an idea to ban bitcoin or declare bitcoin mining as illegal as if it happens,all your invested money would be a waste.Or else,you should have to mine secretly that would be a risk as you have mentioned before.Venezuelans are still doing that by mining secretly.
|
|
|
|
|
Even though i have not yet become a millionaire,but i too have become a little bit rich due to bitcoins.Its true that most of the early birds didn't expect bitcoin to reach such a huge price and so most of them sold it or spent when its price showed a moderate increase.Otherwise,there would be much more millionaires in this forum.
|
|
|
|
If you read how things and adoptions are going for, there is a fairly amount of demand, and a push for $10k by holders.
Do you agree?
I would say that this price limit could even be achieved within december end this year as the route for bitcoin is totally clear now and no threats are found now.BCH has failed in its attempt to replace bitcoin.Miners have once again switched to BTC.Every thing seems promising for bitcoin's growth. |
|
|
|
I'm a good trader. Usually I know when to sell and when to buy. I learned this the hard way, during more than 6-8 years of trading. I know to read the market indicators and I can have an educated guess on the price evolution.
But now I want YOUR opinion on this: each time the bitcoin price has gone up, it has increased 10-12 times (not more). The present price of the bitcoin is near this limit. Last time it increased up to 1100 USD (at the end of 2013), now we can expect that it will increase up to 10000-12000 USD.
The market indicators that I am reading tell me that IT IS POSSIBLE that the price of bitcoin will increase up to 50k-100k, in 2 years from now.
So I ask you, what is your educated trader opinion on this: will the bitcoin price go down after 10k-12k and will follow another bubble in 2 years, or will the price of bitcoin continue to rise past 12k steadily.
This is a tricky decisition to make, if I invest my November earnings in Bitcoin or not. Have a great day, and thank you for your help.
No,even it may not fall after reaching $12,000 because the market situation now is entirely different from what it was earlier.Now,more countries are getting ready to legalize bitcoin which may increase its demand and price.Also,big financial firms like CME enter the bitcoin market triggering its price more.In fact,when CME announced releasing of bitcoin futures,its price started to grow but was affected by segwit2x problem and BCH getting pumped.So,bitcoin price is expected to increase more.So,bitcoin price may even continue to rise beyond that limit. |
|
|
|
Did Bitcoin price rise that fast because of ICO's
and Forks?
There are various factors responsible or the rise in bitcoin price.CME announcing that it would release bitcoin futures mainly triggered the market.Forks cause bitcoin price to rise temporarily for that instant because people want to claim free coins issued after the forks and so they buy bitcoins before forks. |
|
|
|
|
Instead you could use Electrum wallet where you could either set your transaction fee manually or it would be set automatically.Just set a nominal fee for transaction and send your bitcoins.
Even if it does not get confirmed quickly,then you could accelerate your transaction by any of the acceleration service freely provided in the forum's service section.
|
|
|
|
|
The attempt for Segwit2 activation yesterday finally failed.Its mainly due to the lack of base block larger than 1 MB size.But due to so called off by error,segwit2x blocks started rejecting smaller blocks at block 494,783 instead of 494,784 where hard fork was expected to occur.Even another btc bug1 also prevented miners from mining bigger block.That's the reason for falure of another attempt.
|
|
|
|
|
I think that they might go with case B as we too hear nowadays that financial firms have started to show interest in buying bitcoins.But i think that they are a little bit late to enter the market since bitcoin price has reached very high now.They would have not expected bitcoin to have such a tremendous progress within such a short period.But their involvement in bitcoin to manipulate the price in future could not be denied.
|
|
|
|
|
If bitcoin gets treated as a commodity,then it would not be used in mainstream.It would be just bought as like gold and stored.But no payment with it.Bankers want to minimize the importance of bitcoin by not accepting it as a currency.Even though,bitcoin is mostly bought as a commodity nowadays,its growing acceptance as payment by many companies is also a reason for its increase in demand and value.
|
|
|
|
|
Oh shit.Dimon has now no moral rights to accuse bitcoin.I think that dimon would not open his mouth here after about bitcoin.We have given more importance beyond the limits to the words of dimon.At last,he is the black sheep.I think that he had found only the money laundering aspect in bitcoin.I think that dimon himself would not have expected that he would be exposed this much soon.Poor guy dimon.
|
|
|
|
|
I think that they could not directly manipulate bitcoin price by just dumping bitcoins in huge volumes.But by simultaneously spreading FUD and dumping bitcoins,they could manipulate to some extent.if not,the dumped bitcoins would be immediately bought by users all over the world as there is huge buy wall.So,FUD and dump could do the job.
|
|
|
|
|
So,its clear that they are going to hold bitcoins as a long term investment.More people having such an attitude is good for bitcoin because bitcoin price will remain a little bit stable during chaos instead of price facing a huge dip due to newbies selling it frequently due to panic and destabilizing the price.
I think that in future,more people would have that same attitude all over he world.Mostly,Bitcoin would be used as commodity for 95% and only 5% as currency
|
|
|
|
|
There are still more rich people who yet don't know about bitcoin.So,whatever the price be,still there will be people investing in bitcoin.Also,some people who work spends around 25 to 30% of their salary every month to buy bitcoins irrespective of its price as they could not afford at once to buy a whole bitcoin.People see their future to be bright with bitcoin and so they continue to buy it and also,bitcoin has not disappointed them yet.
|
|
|
|
We can speculate that this article is just another Drama to create another Dip. If this is proven true, then okay, that it will be good for the Bitcoin system. Bitcoin is still working without China. The separation of China from Bitcoin would open a lot of opportunities to other miners and upcoming miners. It's time to get China's shit out of Bitcoin.
Its true that if bitcoin mining gets out of the hands of china,it would pave the way for decentralization in bitcoin mining.But it should also be noted that china has the majority of mining farms and bitcoin mining is still at its infant stage in other parts of the world.So,if china suddenly declares bitcoin mining illegal,definitely it would create a major issue in transactions confirmation at least for few months.So,china should delay some more time for banning bitcoin mining. |
|
|
|
|
Its true that early birds enjoy huge benefits due to the price rise in bitcoin.But,it should also be noted that bitcoin is not now at its end phase.Just eight years gone and still promising years yet to come.If some one still feels that they could not afford to buy a whole bitcoin,then they could even just buy 0.1 btc and hold it.Even it could turn in to a very big amount in future.But if still continue to regret,then bitcoin price may even cross $10,000 making them more sad.
|
|
|
|
|
As we already know that many people have said that for mining to be profitable,the electricity charges should be low.Just a small doubt about that.In January this year,the price of one bitcoin reached $1,000.Every one said the same answer that cheap electricity cost must be ensured to get profits from bitcoin mining.And now,after nine months,bitcoin price has reached almost $7,500 and still people continue to say that cheap electricity is needed for profits.Just a basic question,bitcoin price has almost increased 7 times than its previous price and i hope that electricity cost would have not increased and would continue to be the same.So,why not bitcoin mining would have turned now to be profitable with such a huge increase in bitcoin price?
|
|
|
|
|
Bitcoin price is really difficult to manipulate as it has diversified users all over the world.Its difficult to co ordinate among them and take a same decision at once.Also,bitcoin's price is much higher.BCH is not widely spread among users and also,its price was very low making it easy to manipulate.
|
|
|
|
|
Show Posts
