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Bitcoin has shown that the price can fast go down but also fast recover and go up. And changes are happening more often and faster than ever before. Slight correction is possible but I don't expect some major change, maybe coupule hundred of dollars. But if there will no be some biger influence and disturbance on the market price could easily cross 9000$ and then 10000$ by the end of the year wouldn't be surprise.
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I suggest you to give up, don't even bother. Poloniex used to be one of the best exchangers with great reputation but it isn't so anymore. Lately there were a lot of accusations for scam, poor customer service, account blocking without reason etc. So if you don't want to be another person with such problems, find another exchanger.
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I'm not planing it in the details, maybe because I'm not very good in budgeting. I have some fixed sum that I have to spend daily for the food but there are always some other things that are poping up and I have to spend the money. And sometimes it's hard to buy only things that I really need, not also the ones that I want. But in such cases bitcoin often helps me to fill some gaps in my budget and to cover all expenses.
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The price range will not change much before the end of the year. I don't expect to hit 10000$yet, it's more likely that the price will stay somwhere between 8000$ and 8500$, maybe could even go back up to 7500$ again. That everything depends on the market and potential outside influence but I hope there will be no disturbances so the price will continue to rise.
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Next year could be another great year for bitcoin and the price might jump even higher and faster. There will be some corrections too, it will not go up all the time but I don't expect some biger dumps unless situations like forks, cancelled forks and similar stuff happen too often again. I believe the price might reach 10000$ in 2018 easily. And I expect biger and biger number of users but that might also cause some problems.
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In every where you can find a buyer that wants to accept bitcoins as a payment method. In the contract you can state the price and the currency you pay with I think it's not so important. If the contract is between two persons, not a real estate agency as an immediator, in that case this maybe wouldn't be possible.
Not in many counties, if any, bitcoin is regulated as a payment method but buying a house with bitcon is not illegal.
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Why having the fear of holding at first place? If you are investing right way then you have put into bitcoin the funds that you don't need for living and that you can afford some potential amount of loss. If you have enough knowledge about bitcoins you know that is volatile and that the price is changing both ways, up and down. If you have decided to hold then you shouldn't react implusive on every negative change on the market and make the panic sell.
Bitcoin is still best as long term investment, don't forget that.
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This is very high percentage but I would say it's expected in so developed country where new technologies are a must. But that is not the case in many other countries, including my. I would say that 88% of people in my country have never heard of bitcoin. It's still reserved to very limited number of users, usualy younger generations. Hope this will change but it will take time.
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No, it's not. The price is great now and it seems that you can earn great only with bitcoin, even more money then your regular income is, but don't forget that this might change. Then you could be in a situation that you don't have regular job anymore and the bitcoin you earn will not be enough to cover all your expenses. So bitcoion is great as additional income or as a solution who don't have job or have difficulties to find one.
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I use Mycelium wallet and it shows the Bitstamp price so for me this is the easiest way to check what is the situation. Before I wasn't checking the price each day but as I get more and more involved in bitcoin and when is started to change very fast and very often I started to check it all the time. Now it has become some kind of habit so every time I look at my phone I also look at bitcoin price and nothing can't surprise me.
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Maybe in some countries governements have imposed taxes to bitcoin but this is not mass or a rule. Actually, in countries that do have tax on bitcoin that relates not to holding bitcoin itself in wallet but to exchanging bitcoin transactions in fiat currencies, for traders or for income in bitcoin but that is the same for any other income or for trading in any other currency so I don't think this taxes are aimed specialy against bitcoin.
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Six month is a very long period in crypto world and no one can't say what is going to happen with price. I.think we all saw that bitcoin market is more and more turbulent and price is changing up or down very quickly. Hope it will stay on current track without biger disturbances but it will not go up all the time, some dumps will happen too. And 10000$ within six month is maybe little too soon but not impossible.
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Hello everyone. localbitcoins.com took my money that was sent to their wallet generated on site. By mistake i sent usd tether to their bitcoin wallet. When i ask for refund they told me they will not do it untill march 2018. 25000$ HOLD TILL MARCH 2018. VERY BAD SITE. WILL POST THIS CASE ON EVERY BITCOIN FORUM Here is log with support: Hello. Why you do not reply to us ? We sent USD to Bitcoin wallet at your site. You could check transaction here: https://omniexplorer.info/lookuptx.aspx?txid=a82d7b98f38eff138a921557dd9a49e33372d261155729cff830f9f373c6940a This is omni transfer so to recover funds we need private key of bitcoin address that used in your system. If you cant help please send money back to tether address: 1HoFZUvqvkeMsCFKXXXXXXXXXXXXXXXXXXX ========================================================================================================= max.localbitcoins16 ноября 2017 г. 14:04 - 1 час назад (Чт, 16 Ноя 2017 11:04:19 +0000) Hi! I'm really sorry to hear this! I'm afraid right now we are unable to return the funds to you as that would require us to access the private keys of the wallet where the funds are in. Doing so would expose customer deposited Bitcoin at too great of a risk. We know that the current situation is not ideal and we hope to in the future be able to return such funds. We recommend you to contact us again in March 2018, hopefully by then we will have a process in place through which you can request your funds to be returned to you. All the best, Max Community Manager LocalBitcoins --- Best regards, LocalBitcoins ========================================================================================================= Dear LocalBitcoins team, If you cant give us private key of bitcoin address, just return money to sender's bitcoin address. ========================================================================================================= Hi! I'm afraid that our infrastructure only runs the Bitcoin software. We are unable to extract the private key and use it in other software, that is what the security risk is that we want to avoid. For now we are unable to return the funds to you I'm not sure whether to believe to this or not. I'm also using localbitcoins but as far as I know it's not possible to deposite any fiat currency on their site because they don't support that. You can deposit bitcoins and with sellers or buyers there you can transfer fiat currencies in direct contact with them, through bank transfer, credit card, PayPal or whatever else you agree. This is very strange, especialy the alleged answer from customer support. |
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Both of these currencies will stay in the top 5. Bitcoin as a main and leading cryptocurrency and ETH as an altcoin. They will keep their positions and ETH will not be a threat to Bitcoin and it can't achieve its position or popularity but will stay as a strong competition. If you think about investing, invest in both, ths would be a good diversity of your funds.
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I don't think so. It's not so easy to become bitcoin richman as it look at first glance. And if they were millionaires they wouldn't probably be here on forum anymore. Not so many people have kept bitcoins long enough to become really rich although there are some who have made big profit. I still think there are only few people who made their dreams come trough with bitcoins and who can say they are rich. But having in mind the volatility that doen't mean they will be rich tomorrow too.
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I have invested in BCH if my guess is correct, will BCH be following BTC prices now ??
bitcoin cash has proven that it can stay above $1000, and despite trading volume of bitcoin cash dropping from the highest amount that the records say but every time it tries going down due to dump or anything else, the price jumps back up. currently stuck around $1170 with $20 fluctuations. whether it is manipulation or whales accumulation i do not know but i have watched it enough to say it will stay above $1000 for the foreseeable future. Still all this doesn't mean that bitcoin cash will follow bitcoin. I don't believe it can come to such level of acceptance and adoption or the value and number of users. Bitcoin cash is just another altcoin and bitcoin is only original coin and will stay so. Bitcoin cash is good for trading but it can't take bitcoins' place. |
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Some governements and central banks have already regulated or tried to regulate the bitcoin and I think this is something that can't be avoided in the future. With mass adoption and efforts for bitcoion to be adopted also by businesses this is necessary. But to my opinion regulation will not influnece on bitcoin decentralized system so we don't to have fear that. Regulation executed in proper maner actually can help bitcoin and give to it certain legal basis and security.
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You have to know that the circumstances on the market are no longer the same as they were before. There are much more transactions and much more users, the cost of bitcoin has changed too and all this influence the transaction fees too. But not all fees are exaggarated so you also have to be careful what service do you use and whether you can control the fees or not. Miners are those who are leading this game so what would be the final result depends also on them.
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I think that the reason for the new rules is personal data protection. This is very strict in EU and the new directive is to be implemented soon so this is probably some precausion measure. But I thinK that Visa nad Msste will suffer loses not to be present with bitcoin debit cards outside EU because more and more users are intresetd in it and to my opinon this is the future, this is very convenient wa to spend bitcoins everywhere. Maybe also bitcoin credit cards will appear some day.
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I would say that this has wounded at the first place those who thougth that bitcoin cash will prevale and bitcoin will fall so they have put their funds into bitcoin cash instead of bitcoin. This is just another proof how easy is to mislead people and sell them false information.
I'm glad that the price has recovered so fast and shows the rising tendency. December could bring us some more good news so don't think it is too late to buy bitcoin now, even when the price is so high.
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