Assuming the most optimistic scenario, BTC replaces Fedwire 100%.
Over the past 4 months, BTC's blockchain volume has been roughly $1 billion dollars per day. In 2016 Fedwire sent approximately $2 trillion per day. This is an astonishingly large amount of cash and more than notes of USD notes in circulation and really makes me wonder what is going on with the banks. In order for BTC to match this volume of Fedwire transactions, its price would need to be 2000 times higher than it currently is or roughly $12,000,000.
I really don't know if this is even plausible, but an interesting hypothetical. This would make Satoshi, with his 1,000,000 BTC stash, worth $12 trillion. No wonder he's gone silent.
I suppose even just a fraction of this, like 1%, could be considered a major success, or $120,000 BTC. Could this be what people are starting to price in since there is still so much potential?
Any thoughts, critiques or other ways to value BTC are appreciated.
How are you computing volume of transactions ($ per day) to the price of Bitcoin (in $). You are missing an important variable - the velocity of money, or how fast it circulates. You could have 1$ transferred between a million people in a single day, resulting in money circulation of $1 million. This is different from 1 bitcoin, valued at $ 1 million, changing hands. |
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When do you expect to get 6,500$ price
We are to close to call in hitting $6500, the price went as far as $6259 yesterday and we hope to cross $6500 before end of this week. I have foreseen that we may be trading above $7000 by November. I am also happy that most of the problem we are having now have been resolved, Chinese government has allow huobi to open there business yesterday according to online news and we expect Russia to also retrace most of the comments they make lately. $6500 is not that close. I agree that we went fro $5000 to almost $6000 very quickly, but those big swings do not come often. So most probably we will see a grind upwards and $6500 will not be taken out very quickly. |
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A fantastic ODI series ends with the last exciting match.Both teams India and NZ tried best to win the match.But some quick wickets was taken by India and NZ lost the match.I am looking forward to T20 series of NZ and India.I think that will be more interesting
Bangladesh got nothing from the tour and they have to back in Bangladesh with empty hand.Became they lost the last T20 also.Millar made a record breaking century and helped team to win the match.
On a realistic note, Bangaldesh weren't expected to win anything against South Africa. They have played well at home against strong oppositions. but playing away is a totally different ball game. It will take some time before they are able to perform well overseas, on unfriendly wickets. |
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there will be great opportunities following a financial breakdown. as they say, "buy when there is blood in the streets."
The problem is you have to protect your capital until then. if you hold it in banks, it gets inflated away. Any other asset class - real estate, equities, commodities are likely to be impacted by a crash. |
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I've been monitoring all day. My eyes are dry, red, and sore, but it was worth it. My prediction for the ascending triangle breakout came true, and we crossed $6000. The Bitcoin Gold nonsense is already over. Now we are going to try to break the last all time high, and we are going to do this before November 19th which is where the damn segwit2x nonsense will end into a hardfork, then is anywhere's guess what will follow.
A lot of people will lose their money, except the smart people that are holding their own coins and not doing anything stupid, like sending BTC into an B2X address. What I think it's clear is, long term, B2X is pretty dead, what's important is how the situation will unfold during Nov-Dec. By January 2018 we should have a clear winner which hopefully is BTC going into 5 figures with dead big blockers.
Nobody paid any importance to the BitGold nonsense. After Bitcoin Cash, this was a copy cat fork. The fear is you will have more and more forks, trying to cash in on the "Bitcoin" name. The Segwit2x is the important one and once that is out of the way, Bitcoin will definitely zoom ahead. |
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India done great job as they reach very good target 337 but now very interesting counter attack from New Zealand batsmen specially opener C Munro doing great job B Kumar hero for last match today feeling heat as he already done 5 overs 51 runs very poor effort still plenty of game left very interesting result is coming
India played really well and Kohli as usual scored a century and took them to a good total and in return New Zealand started really well but they lost some wickets in the middle but they could still chase this score down as they have a good tail and they just need 70 runs from 43 balls and they still have six wickets in hand,so it is possible for them to win the match and the series unless India start restricting the run flow and take wickets. It was an amazing match and it was played like a final. The match went till last ball and result was out only till the second last ball was bowled. We can say it was a well played series with both team putting up a big effort to win the match and had a good contest. Yes, a series which was fought between two evenly matched teams. India won the series, but New Zealand gave a good account of themselves. Although India scored over 300 runs, New Zealand kept pace until the last over. A pity that one team had to lose and it was New Zealand. |
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Shall we go all in Bitcoin, start SIP, wait for another Dip or opt for Alt coins.
And what do you suggest for those who are having downtime due to alt coins?
If you go all in and Bitcoin loses 90% of its value, what would be your strategy? Each person has a different risk taking level. For most people, putting small amounts (What they can afford to lose) will work best. If you have a gambling mindset, then you can try alts. |
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Right now, the prices of tokens seem to be driven more by where the money bags decide to punt rather than the underlying project. That said Waves is established and I don't think it would die a quick death. In the end, reputation does matter.
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Singapore has no plans to regulate cryptocurrencies such as bitcoin, according to the head of the Monetary Authority of Singapore. However, some laws are being formalized that could apply to some cryptocurrency activities and initial coin offerings
This is interesting as I do not see the benefit for Singapore, and I would say in the near future there will be regulations in place.
It just makes sense ..........
so scammers can making ICO based in singapore and don't be disturbed by authorities! anyone who want investing in ICO need to check where is based team of this project! No, scammers sitting in Singapore will have to be careful when they plan their ICO. There will be laws regulating ICOs and if they try to cheat people through the ICO, they will be hauled up. So scammers will look to set up their ICOs in some other jurisdiction. |
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Hello, I am curious what to do with my BTC during the segwit2X fork that will occur around 16-18th of November. Many people say that it is recommended to store the BTC on a hardwarewallet or Electrum etc because you have access to your own private keys. Coinbase offers full segwit2x support and also will credit your BTC 1:1 B2X. https://support.coinbase.com/customer/portal/articles/2892985-segwit-2x-faqSo wouldn't it be a better idea to just store the BTC on coinbase? They offer their own reply protection and you are able to sell/trade BTC / B2X faster than storing it on your own wallet. If you leave your BTC on Electrum wallet, you have to transfer your BTC to coinbase afte the fork to be able to tget access/trade B2X if I understand right. Yes, if you trust Coinbase, it would be best to store your coins there. A lot of people stored coins on their own wallets during the Bitcoin Cash fork. When they wanted to dump BCH after the fork, they couldn't do so quickly enough. People who did store their coins on exchanges got almost 0.2BTC for their BCH by dumping coins quickly. |
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Bitcoin's volatility has been steadily decreasing over time, which means huge price movements upwards are less likely than ever. Sorry it's not going to happen. I think 5000-6000 range is the correct or fair price, so selling at the higher end of this range would bring profit at least and then I think alt coins start making more sense at that point
These arguments would have had the same logic, when the price was under $1000. But we did see Bitcoin crossing that level. A lot of people felt that Bitcoin shouldn't have parity to the dollar and should be valued in cents in 2010. And we did cross that level. So trying to put a number to the upper bound on Bitcoin is meaningless. |
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Bitcoin gold is a scam coin and should be avoided at all costs. It was premined and by trading in it you are encouraging these scams in the future.
By dumping these coins, you show the developers that their efforts are going to be in main. Plus you increase your stash of bitcoins as well. It is a win-win situation for you. You shouldn't ignore Bitcoin gold. |
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News about China no longer moves the price down. If there is some positive development from China, the price might move up. So the false information and rumour mongering from China is going to be a futile exercise.
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This is correct. The futures market removes limitations of speed from the equation. If you wait for the fork, people who are able to dump their coins fastest on exchanges might end up getting the price. With these futures, you can trade segwit2x coins at your own convenience.
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another guy who is comparing charts from 2013 with actual ones doesnt make any sense anymore, this has already been asked a lot of times in here and it always gets the same replies.
There are probably no chances to see it happening again because the market is now acting different, everybody wants to hold and i dont think that 70% of those who are holding are going to dump their coins at the same time. A lot of people are newbies in here, and they dont want to lose their investment, and less those big whales..
Same thoughts, these are two totally different scenarios, at 2013 bitcoin was not much popular and reliable than it is now. In the last couple of years bitcoin has gained the user's trust that's why they prefer to hold it for a long time rather than selling. Bitcoin is strong now and better than before so we should keep calm. Bitcoin might be trusted by a lot more people now compared to 2013, but the price is a lot higher as well. I am not saying that we are going to crash and burn now, but let us not rule out a trend reversal. |
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recently, bitcoin has drop from 6100$ to 5777$ in just few days,but i think bitcoin price will rise again because, many people have predicted bitcoin will rise more and more in this year, reaching more than 7000$.
Don't depend on people's predictions, do your own due diligence. If you believe in the long term potential of Bitcoin, go ahead and buy at the dips. You can have the confidence that you will make profits in the long run. |
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After dismissing West Indies for 219, Zimbabwe had a very good chance to win their first test match against West Indies. but their batting let them down and they collapsed for 159. Now West Indies are back in control.
Now West Indies already leading by 304 runs they still have 4 wickets left seems its going for very easy win to them Zimbabwe batting bring them down badly for this test as bowlers was on target Sri Lanka is going for another whitewash as just bowled out for just 103 runs Usman is new Hero for Pakistan as he got 5 wickets very disappointing batting from Sri Lanka as they are going more down and deep troubles need to fix this problem as soon as possible They crossed 400 runs target now they lead by 410 runs and still 3 wickets in hand. 100% WI will win this Test match. Should be an easy win for west indies with a huge lead over Zimbabwe and they should be declared at any time by now.The match would not have its full five days and would complete in the fourth day. Yes, the lead is over 400 runs. The pressure will be on Zimbabwe and it won't be easy. plus the pitch is deteriorating. Zimbabwe lost most of their wickets to spin in the first innings. This should be an easy victory for West Indies. |
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Saw those 200k+ pre-mined coins were supposed to sell into the ICO?
pre-mined seems like a scam to make the DEV fifty rich, and ICO? is this a double scam thing? is this even legal?
200k BTG is 20k BTC = 115,560,000 US Dollars at current market rate, for real?
The pre-mine is legal. What may be on the shady side is the developers calling it a fork. It is just an air drop with the developers having a pre-mine as interest. if the price goes to zero quickly, their coins will be worthless. |
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$8k and a retrace to $4k after that. We seem to be following a push-consolidate-push strategy. $6k is high but I think we still have some distance to go before the trend reverses. $10k might be too high before the next reversal. WE will get to $10k eventually, but not immediately.
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I know that we are all perennial bulls in this forum (except maybe kwucduck), but we do have to consider the possibility of a crash. If after a crash, the price remains low for a long time, we may lose some of our crypto converts. https://cointelegraph.com/news/could-bitcoins-bubble-lead-to-long-crypto-winter
Eerie similarities to 2013
A year after the block reward halving, with media buzzing about Bitcoin, and a multifold increase in price - this is not just a description of 2017 but also perfectly fits 2013. After the block reward halving in 2012, the price of Bitcoin shot up during the following year. The price increased from around $13 at the starting of 2013 to a peak of over $1200.
The reasons for this jump are manifold (including the bots - Willie and Markus, which bought Bitcoins on Mt. Gox), but the almost 100 fold increase in price was unprecedented. The 500% increase in price of Bitcoin in 2017 appears tame in comparison. Of course, the base effect does make such 100 fold increases in price almost impossible now, with Bitcoin's market capitalization crossing $100 Bn. |
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