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In my opinion, by all measurements bitcoin and its community has become so much more mature and there is a lot more long term holders that just don't give a crap about short term pricing of bitcoin in general.
This has resulted in a much more resilient bitcoin price in general, even in events of FUD.
Especially when there are rumors, now the market barely moves compared to when China threatened to ban all exchanges where BTC lost half of its value overnight. As more merchants start accepting BTC, stability will grow even more.
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Widely followed strategist Tom Lee said in a report that his
model shows bitcoin could rise to a range of $20,000 to
$55,000 in the next five years.
The report is a first from a major Wall Street strategist on
the digital currency.
It's not impossible to achieve, at all. In my opinion it would be actually likely that this prediction comes true. I don't think that it is going to happen before the year 2020 though, because halving is at 2020 and that's when people feel like pumping bitcoin and the community feels more optimistic in general. We have seen exponential growth every single halving event, and there is nothing to suggest that the 2020 halving is going to be any different. I would say though, instead of $20000-55000 that they are suggesting $15k-25k is much more realistic. |
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What will be the value of BTC approx 2 years from now? Any predictions?
IMO i think that the price is actually going to be quite similar compared to what we are seeing right now. It should just float around at the $4000-5000 mark, if nothing goes wrong and there is no major "good news" either. The thing is that trading becomes quite quiet in the years in between halvings, and on the halving year and the year after is when all the hype is generated. We could see BTC go significantly further up in 2 years perhaps even to $10k, if corporates decide to invest a lot of money into it. |
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have heard of it, have heard others use it and give positive reviews, haven't used it myself. It's essentially like a decentralized version of Localbitcoins. If you are just a beginner then i would definitely recommend just going with Localbitcoins for now. Once you have some sort of intermediate to advanced knowledge of bitcoin then you can definitely start using Bisq if you so wish. That platform is mainly used for currency <-> bitcoin trading though, not altcoin trading. |
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Ok guys ! I have (I think) an excellent decentralized app project in my mind. Is there a dedicated place on the forum where I can try to find people to get involved into this  Cryptos are not my job and among my friends it hard to find people involved in blockchain and crypto. So any good advice for me please ? You can try pitch your idea to a couple of friends and family and see what they think, they might help you release it and raise funding for it. With this section of the forum, you can post a thread which states what type of people you are looking for, designers, writers, coders. You kinda just have to trust people to not leak your idea, maybe provide them with an incentive. |
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Not really sure who would fall for that but thanks anyway.
I think what I got out of it was that someone has a miner, and is offering people to use it, but they have to transfer 0.1 to a new wallet. They will then supposedly receive 0.5 BTC within one day? Seems a bit suspicious at the least.
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Are you trying to look for a campaign manager, or are you trying to join campaigns that have good managers?
There isn't a list of campaign managers but the big ones out there are Darkstar, yahoo, Lutpin and Lauda. If your looking to hire a campaign manager you can go with them or you can pick a newer manager, which might not be as good as those ones, but offers better rates.
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Here is a step to step guide:
1. Send your bitcoin to your localbitcoins wallet, you will require 3 confirmations.
2. Request for a trade which matches your payment type, in your case cash deposit.
3. Wait for confirmation of payment from the person you are trading with, for cash deposit you should be able to see funds instantly.
4. Click release funds.
Good luck trading.
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Can bitcoin be the world's currency?
By world currency I am assuming you mean currencies that can be used by everyone in the world, without translating that currency to that country's native fiat currency. I don't think Bitcoin will become this though, too many problems such as high transaction fees, but other altcoins might have a chance of this. |
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Bitcoin has become the world most valuable asset and the value keeps going higher! Why not we should focus on saving more bitcoins than selling our last remaining bitcoins? I read and hear from a lot of guys owning bitcoin saying, should I sell my bitcoins? The issues is, if you sell all your bitcoins when are you going to buy at lower price? There's no guarantee when exactly bitcoin price will surely come down. Share your thoughts about what you think guys.  I agree with most of what you are saying. The hard thing to do with bitcoin, which is usually surprisingly easy to do with other investments such as shares, is buy low sell high. The price is so random that who knows what will happen to it. Maybe it will rise super high, and maybe it will drop. We just have to hope for the best and HODL until bitcoin takes a trip to the moon. |
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Has Japan "gone mainstream" with BTC this week, or are people simply looking to make fast profits?
(In many countries) Can Bitcoin 'go mainstream' with institutional investors, without the general public caring or barely noticing?
FYI: If you learn from history, then you know the day that 'Uber drivers', food servers, and grandmothers are jumping into Bitcoin investment is the exact time you need to have sold all of yours, since the masses are about to get burned.
How do you define Bitcoin "going mainstream", and are you expecting good results?
ps. [Extra credit at ProfWigSlipper's University] At least one person will say "Bitcoin is so new we are looking at sustainable growth for many years to come". (Question) How well did that mentality/excuse work for people who invested in the Early 2000 dotcom bubble?
I think it is mostly a race for bitcoin to be made mainstream in Australia or Japan. Japan has the technology and also a lot of people are interested in it, since it a a crypto currency and people in Japan love technology. Australia has been teaching bitcoin to primary school kids and is getting a lot of people involved in it. Once people understand what bitcoin is, which it is a new payment method, not a way to get rich fast, then everyone will then make bitcoin mainstream. |
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This is a pretty big problem with bitcoin recently, they have been a huge price rise and with this huge price rise the transaction fees have almost doubled in value. More and more bitcoin is starting to looks like it is only useable for the rich, since a 5 dollar fee is huge for someone who doesn't have a lot of money Just use a lower fee if possible, it should lower costs but you will have to wait longer. |
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I know y'all have seen this diagram before, and with BTC just crossing $3,800 as I type, where do you think we are in the bubble?  Aw man so cuz I'm a noob it won't post the image... Oh well. Its basically that "main stages of a bubble" chart. Which crypto most definitely is in. But are we just beginning the true ascent, or have we reached the peak? Thoughts? That image is nice, unlucky you can’t post it. This might not be a bubble at all, especially with the recent drops in value. There was a drop to 2000 a while back before August the first, we then recovered and we rose to 3000, stabilised there and then pushed up to 3.5K. Then we dropped to 3.1K and now with more pumping from miners, we have reached 3.8K. If we are in a bubble though, I would say we are in the media attention phase now, people are getting more and more interested with bitcoin daily and the media is also following suit. |
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Will we have a correction before $4000? Or will it escalate even higher?
Need your opinion before buying more.
In todays market, with the rising prices, It doesn’t look like there will be a correction soon. As like what everyone has stated the market is a bull market which means a correction won’t happen now. I would expect a correction at around the 4K mark though, there was a slight drop in bitcoin a while back and to have another drop now would just be impossible. There might not even be a correction at all, this is all just speculation. Would recommend buying some now, looks like the whales are still pumping. |
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In my country we dont have bitcoin ATM, i wonder how it's work??
From my extensive searching around (googling), I have come to the conclusion of how they work. Usually you enter how much BTC you want to buy and usually a cash box will pop open where you would insert your cash and then you would give it a qr code or address for it to send to bitcoin to. Simple! Wouldn’t recommend using them since they trade convience for value. They offer really overpriced rates and to be honest, using localbitcoins or something else just seems to be easier to do and you get more value for your money. |
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Just received reminder bitcoin dropped a lot, the price of the last week is very unstable, leading to other competing currencies continued to fall, there is no bottom line of that kind of fall, I would like to ask you tycoons on how to look at the future market?
LOL, don't think anyone with a signature campaign posting here for 0.03 a week is a tycoon. If we where all rich to bitcoin we would be lying under the sun in Hawia, living off bitcoin's growth. It is no surprise that bitcoin is a super volatile currency. In the last 2 weeks alone, bitcoin fell from 2.9K to 1.9K and then recovered to 2.9K for a couple of days before then rising to 3.7K. I think you should never try to predict bitcoin, since it is super unpredictable. Buy when it is low and sell when it is high and you will be happy. |
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Okay, I know that the headline of this post seems to be too much but I am sure it has generated some eyeballs. Now, this is just another hypothetical situation: What if your government will decide one day that the use of and holding Bitcoin is illegal and anybody found to be contradicting this position can be thrown to jail with at least 5 years as the sentence without the possibility of using any internet-connected gadget?
I am assuming that the government would be using the latest technology and techniques for surveillance and detection against people who are fond of Bitcoin.
Would you still be involved with Bitcoin or just be a sheep and follow along so you can't be a victim of the government overreach?
I don't really know how to answer this question, but to rebut it. I highly doubt that will happen since the government would just be shooting themselves in the foot. A lot of countries have people who use bitcoin and they would piss of a lot of people. I am a very obedient person so I would probably just quickly sell my bitcoin and then never use bitcoin ever again. Interesting question though, thanks. |
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Okay, I am just making that headline short and sweet. What I mean is: What is one big dream that you want to realized out of your Bitcoin income? No matter how small or big it is, please share it with us here.
As for me, I have a big dream of having my own 10-hectare farm somewhere here in my locality and I want to stuff that area with all the fruits I can find here and with my main products which are cacao and coffee.
I guess I have this special connection with the soil and the land that is giving us the food and sustenance daily. And who knows maybe years from now I can be able to issue tokens out of that farm...something like AgriTokens or AgriCoins.
Please share your dreams!
I would love to be able to use bitcoin only for a week or a month. What I mean by this is that I would use only bitcoin to survive for a certain amount of time. Like making in real life purchases, paying the bills and all of that stuff. Don't think it will ever happen though since Bitcoin is rarely ever available to be used in real life, but maybe one day I will be able to do it. |
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Hello!
I'm not new to Bitcoin I've been using it since 2015 as a wallet since it has no limitations.
After the new record of BTC price I'm really confused, It increased about $1k in less than 1 month which seems suspicious.
I'm thinking of investing some money on BTC and hold them for at least 3 years or more.
But is it a good idea? have any of you made good profit with holding BTC?
Like tell me what do you think of the future of BTC rates, how high could it reach?
with my best regards..
There isn't anything that is suspicious about the rise. It is only a 20-30 percent rise which does happen to bitcoin all the time. Bitcoin often does rise in price very quickly all the time, in fact it is one of the biggest features of bitcoin. Would just recommend you to hold some bitcoin for some easy profits |
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I think that the mining industry in bitcoin will soon be monopolised by China and other places where electricity is super cheap. The vision of bitcoin was meant to be what you stated, for sure, but bitcoin has been transformed into something else.
This is where I believe that there is a window of time of 2-3 years (but probably less than 2 years) where BTC must establish itself as a mainstream currency of the masses that can be traded on FOREX and justify the loftiest of predictions on its future price. If this doesn't happen in this timeframe, another altcoin (probably government backed...maybe initially backed by gold?) will emerge that will be accepted by the mainstream and FOREX markets. That's actually another point of debate that people miss...just because BTC was around for years already doesn't necessarily mean that it will last for the same amount of time in the future going forward. Of the 1000 or altcoins out there I predict that the majority will disappear much like companies in the dot-bomb era. As of now it will be a race forward to see which currencies do the right things at the right times that makes them survive and go to the next level. As much as people want to believe the contrary, BTC is not Coca-Cola when it comes to brand recognition. Relatively speaking they are not even in the same Universe. From where I'm sitting, this is where the idea of Tulip-mania creeps in. In the case of cryptos, things happen so fast and due to their completely virtual valuation, things could be uglier than when Tulip bulbs went from a value worth an estate...to whatever tulip bulbs have sold for over time. This idea of "buy and hold for years" echoed on this forum like gospel shows how little so many understand about investing and valuation of their investment. And I'd bet that most of these people claim to be experts in BTC and other altcoins. Those are the first people who will panic in a very bad way. Yes, that is a very nice breakdown of what I said and I do agree with you. Tulip-mania (For people who don't know, he is referring to the first major financial bubble) seems to be present with Bitcoin and will only keep on being present unless Bitcoin establishes itself as a mainstream currency, useable in real life and digital situations. There are already project, for example cryptopay, which makes this a reality, but to we need to make Bitcoin itself, with no other outliers, useable in real life situations. Right now it is just too hard. Even if the price of BTC crashes back down to $500-600 (regardless of it remaining the most valuable crypto per coin) I think that this will put a chilling effect on its specific place in the market where it trades in that range for a long period of time, just like the first time it was above $1000. The fanatics will insist that it will come back...but I think the party will be over should this come to pass. I believe that the smart money will cash out should it fall below what I said in my first post above and look for alternatives. I believe that everyone here is correct on most of what they are saying...just that I think that the tortoise that wins this race will be not be the hare on which most are placing their bets. I totally agree with what you just said there and will add some points of my own. If bitcoin does drop to say 500-600, firstly I have lost a bunch of money, but there will be good in it. Right not transaction fees are the biggest reason that prevents Bitcoin from going mainstream, would you agree? If bitcoin did drop that low I wouldn't mind paying 10 cents in fees for a 10 dollar meal. Maybe if Bitcoin forks again or the price drops again, we will be able to make Bitcoin mainstream. In my experience it has been transaction fees that keep those with the means/cash on hand to even want to speculate on it...myself included (unless the price falls really soon and enough to justify a long position). They cannot, as I cannot, wrap their minds around it being of any use to the average person, especially in the majority of the non-Western world where a $2-3 transaction fee can represent anywhere between a day to 1/4 of a days wages. Imagine the hundreds of millions of Chinese that make about $12-15 per day when faced with even a $1 transaction fee. It's just not practical. Even most people in the West would opt for other means of payment rather than being assessed with a fee on top of the taxes that they are already paying (and are probably not happy about, especially with the 12-20% VATs out there). The ONLY way I see BTC becoming competitive on a masses scale is if the merchant absorbs the fee. Merchants will do this if only if they believe that it will increase their sales. But the problem is that margins are so razor thin in some industries, like restaurants, that adding an additional 1-2% on top of 3-4% Visa/Mastercard fees will be a deal breaker. The crypto that wins this race will get a company like Visa to absorb the cost so that neither the customer nor the merchant feels the pain of the additional fee. So you're right...this is a huge hurdle...probably the biggest of all....and a major deal between a cryto and a credit card company will make or break pretty much everyone currently in this sphere IMO. Totally agree with you. Before when bitcoin was this big and had this much of a price, people would use bitcoin to pay for anything they could, since it was so fast, safe and had like transaction fees of 10 cents. The issue we are facing here is, we all want bitcoin to rise in price, so we can be rich, but if it does rise in price, who would be able to pay a 10 dollar transaction fee for a 200 dollar transaction, except us, who are rich. We have to lose something in order to grow. The crypto that wins this race will get a company like Visa to absorb the cost so that neither the customer nor the merchant feels the pain of the additional fee.
That is a good point, I can imagine a world with Visa bitcoin debit cards. Good thinking! |
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