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I think it will definitely reach $4000. My prediction is that we are entering the 3800 by next week then by the end of the monthbor maybe first week of September we will be seeing that 4000. I will definitely look back to this post once that happen then l'm gonna do a happy dance for sure. Let us all just have faith with btc. We've gained a lot from it afterall.
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I say the sooner the better. Even if there is a 1000$ dump overnight, bitcoins will be worth so much more in the future that I would not care if I were you !
Yeah, that's right. Everyone still thinking and asking whether to buy or not should just buy now because we are experiencing daily increase at the moment. Instead of losing the opportunity why not buy right away. Don't worry about a $1000 dump, buy more during that time instead. Patience and discipline is all it takes and you will see how it will paid off even after a month or if you can wait for a year that will be better. |
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Hey guys at coindesk we are currently at $3577 right about this time of writing. I am pretty sure we'll get closer to 3800 by the end of the month. Just when I was about to withdraw some of my btc for an emergency. But I guess it can wait for three more weeks. There's no harm in waiting after all.
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The largest single address (1JCe8z4jJVNXSjohjM4i9Hh813dLCNx2Sy) since late last year has recently moved about 57% of the coins to numerous addresses... my first thought given that the movements took place within a 3 hour window on the 8th turning into the 9th of August was that this address belonged to BTC-e... largely due to the news out that they were able to recover 55% of seized funds. But if that were the case and you had control over the master address, why wouldn't you move everything?
Anyone else have thoughts on the recent movement of coins?
Darn, if I have even half of that btc in my wallet I'd be converting them into fiat every single day without worrying about the current value. My great grand children will never have to work from that amount! And maybe right now I'd have travelled every travel worthy island in the world. And sponsored lots of foundations and organizations for the welfare of those in need. Okay, that was a wonderful short dream. I'm awake now, lol. |
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Last month, we have seen so many market analysts, investors and speculators telling us to go for Bitcoin as it can soon be hitting at least $10,000 in the next few years and even $5,000 at the end of the year. The picture seems to be so rosy that it also create some discomfort in some people.
The recent dip in the Bitcoin value put some halt to this rosy picture, albeit temporarily. There are still some who believe that this recent development is very temporary and that after the scaling problem can be solved we can see Bitcoin at its real potential.
What is current feel for Bitcoin's value considering its recent retreat?
Yes,Bitcoin can still rise more.Those who have believed and bought bitcoins have gained huge profits and those who just doubted and lost the opportunity has lost their profits.Bitcoin has great potential and it deserves more higher price than its current price. I agree that bitcoin has a lot of potential. But I do not quite agree with the fact that bitcoin should be more expensive now. Its price is formed on the basis of the ratio of supply and demand. And at the moment its price is in line with demand. That being said, then there should be no disagreement with the high price of btc now. The value right now is fair and I expect it to rise more for the coming months. Btc's potential is undeniable and speculations helped with the growth in demands which in turn of course results in higher price. Let's see how things turn out by the end of this year. |
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I introduced a friend to bitcoin in 2016 and he bought 20 bitcoins at $455 somewhere in January 2016. He now sold all of them at $1005 per bitcoin. After bank fees and trading fees, he made a profit of about $10 000 in a year.
The best interest rate he could get back in January was about 10% per year. So his profit from bank interest would have been +/- $910 for 2016.
Even after Tax has been deducted for Capital Gains, he will still Net a profit of about $7000 for the year. He is a very happy chap now, and I got a expensive lunch out of this deal. ^smile^
#Disclaimer : These are calculations done by him, so I do not know how accurate they are. Just thought I would share it with you.
Would you risk about $10 000 now, to possibly copy his success? Those were very uncertain times, when he had to make that decision back then.
I don't know which bank offers 10% interest rate. But anyway, if your friend sold only half of his btc and waited for another year or maybe until this month of August, he'll be 3x richer. And most probably you'll not just get an expensive lunch from him, maybe dinner too!  If I have a lot of money that $10,000 is not a loss, why not? I'll be buying me 5btc right away then forget about it in 5 years. But sadly I don't have that amount of cash in me right now. |
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I am not an expert but for me btc right now is overvalued. Being able to hit its highest so far this year during the first two weeks of August. Well it's just me and my observation. I don't have all the information in figuring this out since I am not really doing a deeper research on btc and not all the time online.
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Just got my hand on some cash now and i'm thinking of investing in some bitcoins. but as with the new pump recently with the price @3200 not sure what to do. Should i invest now or wait for an opportunity for price to go down?  You may wait for the price to go down but time here in bitcoin is very precious. Just think of thos who invested bitcoin way back the price was very low. They've all gained a lot of money after few years. Those who sell their bitcoin regret it that they've given up because of depression. If I were to give my opinion. All the time is the best time to invest in bitcoin because the pump and dump is very unpredicted but if you would invest for a long time, you may either have big or lose everything. I agree with you. While some are still thinking whether to invest now or not, others have invested already and the value just go higher and higher. So what really happened is a wasted opportunity. But of course money is at stake here so you really have to think it over. But if you are planning on a long term investment, say a year or two, then I guess it's good to invest right now even at $3400 since everybody is looking at $5000 next year. |
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That's true, war between the US and NoKor is inevitable seeing how the tension is escalating as I watched the news. It is a power play and I agree that South Korea is the most affected by the situation. NoKor is pushing for unification ever since and the alliance and support of US to South Korea makes it hard for them to achieve that. I just hope that btc will not much affected once the war happens. But most of all, my heart goes to all the citizens who will be caught in the middle of it. Sad thing that I know for sure a war will happen because it is biblical, it was foretold and nothing can stop it. It just a matter of when and where will it happen.
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Just when btc value is rising you suddenly said that it is game over. Some people just started investing I don't see why you will stop. Just because you cannot longer double your money in btc for a shorter time just like the old days doesn't mean it is not a good profit. Whether big or small as long as you gained you should be thankful enough for bitcoin. Anyway, if you really want to sell all your btc you may do so, that's for you to decide. There are people out there who are most willing to buy anyway.
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Volatility for most people is a problem. But if you were to ask a trader, volatility is actually a beacon for them. It is an attractive feature. It offer traders the chance to help in regulating the price of btc. While speculation on the other hand is a factor for bitcoin price to pump. So I think for me, both are not mainly a problem but it actually depends on what kind of a bitcoin user are you.
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They are exaggerating the news regarding bitcoin. This is a good strategy for them since more and more people will be aware and since they have btc it is actually a good move. Especially people nowadays are gullible when it involves money. If you mention great profit, people will jump on without understanding what they are getting themselves into. All for the money, that's it all really is. |
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Hi all, I believe all of us agree that Bitcoin value will keep rising. But with the limited supply of Bitcoin, the question is, when do we or how do we determine it is no longer profitable to buy Bitcoin ?
I believe no one really knows when it is no longer profitable. The only argument here I think is that it depends on your capability. Like, if btc value is higher than how much you can afford then that is the time that it is no longer profitable for you. Because as long as people uses and patronize btc, the value is still there. |
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Guys we are definitely in a bull market now. Why would you sell and try to buy lower, it is risky. Just hodl and watch the graphics going upwards to the moon
Yes, selling bitcoin is not a good idea. According to the Bitcoin chart shown, every one who hold bitcoin and is a little patient, make profit. amount of profit depends on how much a person is patient. So there is no need to sell bitcoins to earn a small or quick profit. Maybe you never can afford to buy again. Just be pateint and wait. Those people sell their bitcoin yes that is not a good idea because you are right if they sell their bitcoin and then suddenly its price climb to up and then they have no more money can afford to buy again bitcoin due to high price. So if they control their emotions and be patient to not sell their bitcoin thats they will not loss all bitcoin. Selling btc right now is neither good nor bad idea. It actually depends on one's purpose why he buys and/or sells btc. If they don't want to invest on a long term basis then that's why they are selling at a high rate then buying on a low rate and the cycle goes on. In fact, there are other ways to earn btc without having to buy. And one of those is the signature campaigns we are currently engaged in. So no matter how high or low btc gets, they will still have an investment in btc without having to worry. |
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And everybody's happy! That moment when you can't stop grinning. In a span of one month we've seen a $1,000 surge and so there's nothing stopping btc to go for $5,000 by the end of this year, right? Considering all the fluctuations that may happen. I think four months is enough for bitcoin to have a two-thousand dollar additional surge, don't you think? Crossing my fingers!  |
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I don't think banks have something to do with cryptocurrencies. Besides, why would they develop a type of currency that they cannot control? I'm not convinced that they have to do with this. It can mean the end of business for them and a great loss of current and potential clients. So it doesn't really makes sense to me.
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Are there any usable options that allow us to load BTC to a phone wallet (only a small amount, so not real worried about security) and then walk into a store and pay for groceries (priced in the local Fiat) using part of the BTC balance?
Clearly there would be no card, so it would have to be some kind of NFC, Android pay, other contactless solution.
I think it depends in the wallet you are using and the country you are in. Here in PH we have coinsph wallet app that stores btc and peso. We can choose to use either peso or btc in purchasing game loads, mobile prepaid and pay our bills. It is quite effective for me since I can use my btc like cash. I can even use it as a source of income too wherein I can put up a bills payment center and an electronic loading station with just my phone, the app and the internet of course. |
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Even when I have not known bitcoin yet I already know banks cannot give a good return for our deposits, they are the one who make the most of our money as they use it for their lending services and any other related money generating activities. That is our money but they are getting more return than us, therefore now I just limit my savings in banks and instead I put it in crypto.
When I was still studying, I already learned the lesson about how banks earn money and just like you said they lend our money to others and they are the one profiting from it. They give us an interest of 0.5% annually but let others borrow money from them 5% above annually. The recent issues in banks made me more convince that banks can't be trusted with our hard-earned money and we are lucky cause bitcoin exist wherein we have a choice now where to save it with an interest rate like no other. It will only be based on what is your purpose in putting your money, banks can be trusted because they are running a business of trust and if they violate the banking law they will be penalized or persecuted depending on the gravity of offense. But to make it clear, banks are only good if you are saving money because the interest you earn is not worth if you think of getting good profit. In fact in our country, there is a maintaining balance and if your account is below minimum you will have to pay for that dormancy fee which will be directly debited into your account. i think that for any reason we are putting our money we can trust on banks. i think there is no reason which prevent us not to believe on banks. in fact banks are continue for a long time and they are working under government therefore we can trust on banks without any doubt. In my case, I do trust the banks too because I believe that they are regulated and they follow the laws. I have a bank account and so far the worst experience I had was when I am withdrawing from an ATM and my account was debited. But upon reporting it to their customer service they immediately processed it and return the money to my account. And I also think that the percentage they take from lenders are quite reasonable because they use it to pay for their employees, buildings/branch, machines and so on. |
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The aggressiveness in btc value is really exciting especially that all of us here own a portion. Been seing threads re btc value ranging from $5,000 to $100,000/btc and I think it's possible. However, that hundred thousand dollars value I am not sure if we're all still alive to witness that. I sure do hope to still be alive during that time. We all know that death is iminent and that there's nothing we can do whether we die young or we'll still be able to live until our golden ages.
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This argument makes sense somehow but we have to consider one thing: not all things can be bought using bitcoin. And in my case as a trader I am not intending to hold every last btc I have. What I do is sell portions of my btc on the right time when the price is higher then buy again at a lower price. I do have plans of keeping some of it for future uses but you'll never see me hoard every btc I can buy then let it rot. That's not it's supposed to be. Btc should be circulated to keep its value or else it will be just like what you've said, worthless.
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