Look guys. You need to relax and stop going crazy about small time price actions.
The whales will pump and dump just as the sun rises and falls. As the whales pump and dump the small guys will lose their money to the whales. It is set in stone.
This is the time for buy and hold. The economy is going to crash and bitcoin is not going away. That's All you need to know.
PS. if you are a gamble addict and need some action do something else. Maybe $1/$2 stakes hold 'em. But honestly not bitcoin. You will lose.
Public service announcement
Very good thread and excellent main post. Good knowledge and good reasoning in everything written. Congrats to the Op (as for me). Appreciate most of all "the time for buy and hold". Would add if would be me the OP that "hold for a long time, so long that can seem "forever". For bitcoin is not the time to sell even after at least 5 years. So maybe would be better even if is told: "buy and invest" and not only "buy and hold". At least this what I am doing since three years. Not always successful but in this moment I am having very good returns from my invested bitcoin. In several options. And seems that will last. Lets hope so. I had only a little thing to correct at the main post. The gamble addict don't need at all to do something else. The only action that must do is to find a good doctor in order to not ruin much more his life and the life of his dears. |
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How long until we can trade a house for a single bitcoin??
1 year, 2 years, 3 years?? What do you think about it?
Ha, ha. Do you like the idea. According to me not for 1, not for 2 and not for 3 years. And even not for 10 years (it is totally a guessed figure this without having any kind of fact taken in consideration). After this period and if would be fulfilled even other conditions (without the fulfilling of those it would be hard even after ten years) maybe could be possible. But not every kind of house. The real ones which want money and not "pennies" it would be again hard to be bought with only one bitcoin. As for the conditions to be fulfilled and about what is talked above the first one is its FULL regulation in the important and developed countries. Without this kind of regulations bitcoins will have all the possible names of this world but not the only one which is: currency. |
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China was responsible for the current pump but was unable to rally enough people to join them and move beyond 500 in USD terms.
The question is, will they return and pump it up again in the next 30 days?
I haven't hear this news. If someone can give any data about this would be appreciated. Two days ago was a very big formal news - which was not directly connected with bitcoin - from the Bank of China. Maybe this might mean some step ahead regarding the status of bitcoin in this country. But this news was not reflected at the price of bitcoin. Even, was see e little decrease of its price. It is not that is augmented more than the real one the role of the Chinese market regarding the affection of it on the price of bitcoin? It is only a supposition given that I have any kind of data to support it. But I don't see some clear connection between these two factors except the fact that the price of bitcoin the last days (not today) was a little higher at the Chinese exchanges compared to other important ones in the rest of world. If it was this the only fact taken in consideration in giving such hypothese for me seems a little less to consider as true the claim of OP. Can you explain a bit more? Sure: 1. I haven't hear that the last pump was caused from China. Is there any source which give some data about this? That my question doesn't mean that what is told by you in main post is wrong or not true. Only that to be credible in one claim like this which is made by you at the main post must be given some data which prove it. If you show those I can agree that what you have told is correct without any problem. 2. My impression is that seeing after every move of the price of bitcoin China and Chinese bitcoin market is a little exaggerated. We had a few days ago an increase about 50 us dollar (dollar less, dollar more) of the price of bitcoin. For me this is a normal move of the price of bitcoin and not a pump connected with China or Chinese bitcoin market. I have doubt even if can be named pump. I again have no problem to agree that I am wrong if your give data which can put down my reasoning. 3. Two days ago the Bank of China did a statement which was a hymn about the cryptos and the technology which serve to produce those (peer to peer). This normally (if is known the mentality of Chinese and they way of doing thing) is a big and open step ahead of the Chinese Authorities versus this technology. This mean even big possibilities that the status of bitcoin (which is semi regulated at China) goes ahead. This news and this possibility, if the Chinese market would have that importance given by almost every post here at bitcointalk when is treated some increase of price of bitcoin, would be reflected in some way and directly at the price of bitcoin. While in the reality from two days before the price of bitcoin was decreased by 20-30 dollar. So the market not even don't reflected positively this news but went down almost the amount of the pump mentioned by you. I think that was indifferent and the movement was a normal movement of the price of bitcoin like almost all the movements of its price in time. This could be a sign or fact that the Chinese bitcoin market might be not always the factor of every movement of its price. And again if you give facts who show that this my thought is a wrong one I would have any kind problem to agree your facts. |
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See here : http://cointelegraph.com/news/115935/expect-bitcoin-price-to-reach-us1200-or-more-next-year-experts-say and tell me what do you think about what those "experts" said . Erik Voorhees, CEO Shapeshift :
“$1,800. Mining supply cut in half, continued growth and use of the platform, financial institutions realizing BitcoinCT r: 2 is the BlockChain, and more people discovering they can save 20% at Starbucks with FoldApp.” Bobby Lee, CEO BTCC:
“My estimate is around $2,000. The biggest driver behind price increases will be increased global awareness of Bitcoin. Today, the price of Bitcoin is $1 per capita. My price target for the next year is $5 per capita, which is around $2,000 per Bitcoin. For comparison, the price of Gold is at $1,000 per capita.”
Jeff Berwick, chief editor of The Dollar Vigilante:
“$1,799. Biggest drivers: bank, currency and economic collapse.”
Andreas Antonopoulos, Bitcoin expert, speaker, entrepreneur:
“I don't do price speculation. It's astrology for markets and I think it is irresponsible for media companies to do this.”
Vishal Gupta, CEO SearchTrade:“Next year post halving I expect 5x price rise, so we could see Bitcoin between $1,500 to $2,000 range by the end of 2016. Mining Rewards halving had 8x impact on price last time around in 2012.”
If we see carefully all the main post will read some quoted comments which gave amounts regarding the price of bitcoin in the future and only one who tell a monumental expression. Which show the big gap which exist between this big personage of world of bitcoin and the others which are only merchants of it. This expression is told by Andreas Antonopoulos and I like to bring his words here again: “I don't do price speculation. It's astrology for markets and I think it is irresponsible for media companies to do this.” Cannot be given more concise and correct expression about everything has to do with all the possible predictions about the future price for bitcoin. Cannot be added even only one more word. Cannot be removed nothing. And even have not need to be commented more. So, this is what will be even me. Will close this post here without telling nothing else. Everything is told in his comment. |
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And it was in 2010, 2011, 2012, 2013. Top 5 strongest currencies in 2015 (Change against US $ at 12 December 2015 against rates one year ago) Bitcoin (XBT) +21% Israeli Shekel (ILS) +2% US Dollar (USD) Swiss Franc (CHF) -2% Japanese Yen (JPY) - 2% Bottom 5 weakest currencies in 2015 Venezuelan Bolivar (Black market rate) -78% Ukrainian Hryvnia (UAH) -34% Brazilian Real (BRL) -33% South African Rand (ZAR) -31% Colombian Peso (COP) -28% Big Mac Index % over-undervaluation Vs.$  SG Kinsman https://medium.com/@BambouClub/best-and-worst-performing-currencies-in-2015-d1e62088bc29#.oj7qz6ymtI am a big follower of bitcoin. I like it very much and I have hoped on it. I have three years in which I invest continuously on it (buying, investing, earning from some investments and losing from some others). So for me to see the data given at main post (for more not given or created by his desire but based at one source) are joy and hope. But my data tell that the data given from OP at his main post could not be correct. Or better. The data given by its source seems doubt for me. Regarding the data given for us dollar. I would give only two facts. The first is seen and proven by me myself. In my country the value of us dollar was increased more that 25% during the previous year and the currency of my country was not devalued during all the 2015. Then I found this source at internet (which to tell the true is made in early 2015 news - that mean that after can have been happen other things - and that speak about a totally different behavior of it). So what to believe: my eyes and this source or the source of OP? I believe more to my eyes. The source (from CNN - much more reputable than the source of OP): http://money.cnn.com/2015/03/16/investing/us-dollar-fastest-rise-40-years/ |
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China was responsible for the current pump but was unable to rally enough people to join them and move beyond 500 in USD terms.
The question is, will they return and pump it up again in the next 30 days?
I haven't hear this news. If someone can give any data about this would be appreciated. Two days ago was a very big formal news - which was not directly connected with bitcoin - from the Bank of China. Maybe this might mean some step ahead regarding the status of bitcoin in this country. But this news was not reflected at the price of bitcoin. Even, was see e little decrease of its price. It is not that is augmented more than the real one the role of the Chinese market regarding the affection of it on the price of bitcoin? It is only a supposition given that I have any kind of data to support it. But I don't see some clear connection between these two factors except the fact that the price of bitcoin the last days (not today) was a little higher at the Chinese exchanges compared to other important ones in the rest of world. If it was this the only fact taken in consideration in giving such hypothese for me seems a little less to consider as true the claim of OP. |
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Here are my Bitcoin price predictions:
1. BTC stable at around $400-$500 for the next few months.
2. 40-50% spike for block halving hype.
3. Retracement back down to $400-$500 level.
4. Slow rise to $700 per BTC once weak hands are out.
Very good and even reasonable predictions. Can be liked by everyone who don't like and make castle in the air. My problem is only one: Where are based? From what analyse were jumped out? What kind of data are used to give such amounts? If given only because like to the OP (and even me too) have any kind of importance to be considering as reachable. I can do hundred of those and create hundred threads - and for sure one of those may be very near the true if it would be so many - but this yet doesn't mean that me, who have gave these data which were verified as true, am a good predictor. I wonder when it would be possible to have the possibility to have some data which can help to make based predictions about the bitcoin price...  I'm afraid never. |
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Tim Draper says bitcoin will hit $10,000 each within 3 years, check out the video: http://chatwing.com/BITCOINVIDEOSWhat do you think the price of bitcoin will be in 3 years? I would love if this could be verified but according to me seems an unreachable price. Make such kind of jump for only three years having in mind all the its problems (which unfortunately exist) mentioned by Mike Hearn and the disagreements between the core developers seems not possible for me. Having then again in mind even that it will be for sure more spread and more use of it and seeing that already the blockchain suffer time after time (what mean that need interventions to make it more strong, reliable and faster on its "duties") this price seemed a mission impossible that only Tom Cruise can resolve. But it will he be able to realize this mission?  I hope yes. Who would be more than me if it will achieved that price within this few time? But it will be hard.... |
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Keeping track of all different alt coin wallets was annoying  And I don't trust exchanges. I'm ready for liftoff. Are you? (of course I had never more than ~5% in alts) I don't know what kind of alt you owned so cannot judge or give my comment about the "wrong" or the "good" you have made. I personally have at my bitcoin wallet only some thousand satoshi because all my bitcoins are invested. So sell a possible investment to have bitcoin in your wallet if you have possibility to invest those cannot be something good according to me. Bitcoin may be an investment on itself if thought that it is hoped that its value will be increased in time. But have more than this (if it will be so) is twice better. I have invested even in alt and one of those (etherium) is going very well. If go in this way the profits will be considerable. So have sold all your altcoins may have been a wrong choice if in your portfolio has been even etherium. At least this alt that is followed by me. But must be even others. |
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I'm confused do i have to sell or keep my bitcoins any help?
Only you yourself can answer to this question. If you feel fear then sell immediately. This "game" is not for you. You are not able to hold its "weight". Sell all your bitcoin and forget it. Even don't follow. Because if one day the price of bitcoin will arrive amounts unimaginable for you in this moment your for sure will hurt yourself for that what would do now. But even if go down yet will feel a little sorrow about it if have been really a follower of it and not simply a speculator who have bought some of those with the aim to earn from its volatility. Bitcoin is not simply a currency. It is much more. Try to understand this and the why of this. If you will have such knowledge will not never do such kind of question because will be yourself to give you the right answer what to do in every moment. |
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when bitcoin is big, it is already part of the financial system and cant be banned anymore. additionally it will bring alot of improvements for society (like the internet). @n2004al Don't need to much to understand this. But this kind of interpretation is in vain to be discussed when is talked about persons like the personage in question. Is to complicated and this kind of person don't merit such high level of interpretation. It is enough a much more simple comment (like mine) of its words (without doing any kind of interpretation but only cited these) to show how kind of people manage the big finance on today's world. I really am amazed by these words and from the mouth of what kind of person were went out. How is possible to not be hit with rotten tomatoes when go at work or walk (if walk sometimes) on the streets? |
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How will it happen?
Will it just suddenly one day drop to $0? Or will be a slow painful bear market finishing near $0 but never quite reaching at? Some believers will never sell no matter what price ??
What do you guys think?
Cannot believe that will drop within one day from the amount in which will be at zero. This can happen only if blockchain fail in some point and become worthless or irreparable. Definitely dead accepted by the core developers formally. Being not an expert cannot told for sure if this can happen or not (if possible) but as an amatory connoisseur of peer to peer cannot believe that this could happen. Being a decentralized metwork mean first of all to have to many "heads" who control and manage it. Even can be dead on or some of those exist (or may created) to many others. The same with everything needed to make it operationl. Being decentralized (as I understand this expression) mean that even if exist only two operational cells the network may be functional (theoretically). Then how this can be possible is out of my knowledges to explain. |
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bitcoin is going to $1k in january and $2k 1 minute after block halving. be prepared... be very prepared
Regarding you first prediction have not to much word to tell. I was very prepared but nothing happened. Not only at the day predicted by you but even today when we are gone about three weeks from your given day. But I will be happy even this price can be achieved during the next three weeks. But seems difficult. Anyhow lets wait. Don't cost nothing. As for the second one the only thing to do is to wait and not to comment. And for sure to ... be very prepared. what does it mean this for you I don't know but I know what it will mean for me. Reinvesting again and again my bitcoins without seeing the actual or even after one year price. There are yet to much time to go before I think about the price of bitcoin... |
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How can we determine real price of bitcoin?
When will price be stable?
Hashrate and price of electricity?
The only real price of bitcoin is the price of the market. There can be to many values (prices) which are calculated beginning from several point of view. For example can be calculated the value (and from that the price) based at the cost of it production (the sum of all money spent to produce one unit of it). But no one is so real and true that the market price. This because the true value of everything is the value what someone is ready to pay to have it. According to the buyer the value which he is able to pay worth the value he will have from the bought product. Whatever can be such value. That mean that all the other values must fit this last because if the product cannot be bought at market is worthless. Whatever other kind of value may be calculated for it. If all the people will think that such product isn't worth for them this product will not exist more. So will have a zero REAL value. Even may have a big (for example) value based on the cost of its production. The price will be never stable. Every value of every currency is determined by the supply and the demand for it. And both these factors are never fixed amount. Any currency is stable. Only those in centralized countries when the value of their currency is determined as fixed by the Government (Central Bank of that country) and is not based at the value based on the free market. |
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CNBC has written a very positive Bitcoin piece http://www.cnbc.com/2016/01/21/bitcoin-isnt-dead-yet.htmlhere's been a lot written about the death of bitcoin of late. The digital currency has either failed, or is on the verge of collapse, according to op-eds and quotes in The New York Times, The Washington Post, The Week, The Guardian, Fortune and more. All of these articles hinged on the decision of an influential developer in the bitcoin community to leave the space behind — a move he announced with a blog post. Despite the technical-sounding nature of those pronouncements, the reasons why former Google programmer Mike Hearn decided bitcoin had "failed" are a complicated story of competing business interests and philosophical considerations that some contend have been blown out of proportion. The only important thing in all this story is that there are yet persons who think and are not taken from the "wind" or the "storm" of the moment. It is funny because in the same place a "big shot" of JP Morgan has predicted that bitcoin is going nowhere. Luckily this his intervention - at least if followed in a part of it make laugh - seems that have as any kind of importance for the journalists or reporters of this big and important media. And shows even that this media deserve the needed respect for hiring such kind of people. In the end are the hired and working people who make everything important and big or only scratch. |
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Ha ha how a big thinker. On one hand he "predict" "that bitcoin as a currency is going nowhere". Then immediately after suggest (this is the key that can be laugh everyone) - attention - attention - "if it gets big - the government will stop it". After this monumental thought everyone has the right to ask (naturally to him): If bitcoin is going nowhere how is possible to gets big? How can become big something without value? How is possible that Government have interest to fight or to have fear from something that is going nowhere? How is possible that Government have on its attention something that is going nowhere? How is possible that such kinds of "heavy weights" make such kind of career? How is possible that such kind of idiots have such access to important medias and cannot be mocked after the "pearls" heard from them? Am I crazy who make such comments or are all those who hear such beings? |
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 -Citibank- Here we have another one ... "big specialist". I don't know if it is a "specialist" before the Mike Hearn era or after the Mike Hearn era. Are born to many like this kind after his historical bitcoin testament. Cannot be a devs or specialist in this field make me to not be able to explain to it technically if has right or if has wrong. But as an almost old user and follower of it can tell to him that cannot be possible that such scratch product be live again after hundred of all such kind attacks made to him since the firsts day of its born. It would be enough to be only one of this kind that this "failure product" be destroyed and be forgotten. Seeing bitcoin only simply as a currency is a child conception of it. Bitcoin is much more. Is the beginning of a new era. If this "important" and "intellectual" (who knows maybe even "Harvard boy" like he of Washington Post) person cannot understand this it is more than 6 years late with all this world where we all live. |
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what happens if the next 10 years, bitcoin disappeared and worthless?
Why must happen something? Or better what do you wait to happen? For sure that day my and everyone will go at work and my daughters at school. My wife again will go at work. Probably i will feel deep sorrow about the disappear of something which opened a new era with its creation in the world of technologies with big impact on the everyday life of everyone. Naturally will feel sorrow even for the money lost invested on bitcoin. The "Harvard guy" which made the famous article at Washington Post about the dead of bitcoin since that time will make another one again at Washington Post with only sentence: "I told this time before". Then I would wake up from the sleep terrified (being a holder and follower of bitcoin and not only a connoisseur of it) and will tell everything to my best work friend. That's my picture. It could be otherwise according to you? |
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Looks like the mainstream establishment media has gone into full-spin anti-bitcoin mode! Would love to hear your comments on this article published just 2 hours ago!  "Not long ago, venture capitalists were talking about how Bitcoin was going to transform the global currency system and render governments powerless to police monetary transactions. Now the cryptocurrency is fighting for survival. The reality came to light on Jan. 14, when its influential developer, Mike Hearn, declared Bitcoin a failure and disclosed that he had sold all of his Bitcoins. The price of Bitcoin fell 10 percent in a single day on the news, a sad result for those who are losing money on it. Bitcoin did have great potential, but it is damaged beyond repair. A replacement is badly needed. Most currency and transaction systems today are opaque, inefficient, and expensive. Take the North American Stock Exchange, the NASDAQ, as an example. It is amongst the most technologically advanced in the world. Yet if I buy or sell a share of Facebook on the NASDAQ, I have to wait several days for the trade to finalize and clear. This is unacceptable; it should take milliseconds. In Venezuela, citizens wishing to buy anything of value on supermarket shelves wait all day in lines to do so, because hyperinflation causes the paper currencies in their pockets to lose significant value every day. When migrant workers there send money back to their families in places such as Mexico, India, and Africa, they are gouged by money-transfer companies—paying as much as 5–12 percent in fees. And even in the United States, payment processors and credit-card companies collect merchant fees of 1–2.5 percent of the value of every transaction. This is a burden on the economy. Bitcoin was born with serious flaws. It was unregulated and provided anonymity, so it rapidly became a haven for drug dealers and anarchists. Its price fluctuated wildly, allowing for crazy speculation. And, with the majority of Bitcoin being owned by the small group that started promoting it, it has been compared to a Ponzi scheme. Exchanges built on top of it also had severe security vulnerabilities. And then there were the venture capitalists who got carried away. Several of them purchased considerable coinage and then began to hype it as a powerful disruption that could underpin all manner of financial innovation, from mobile banking to borderless, instant money transfers. They also poured millions of dollars into Bitcoin start-ups hoping to reap even greater fortunes. But Bitcoin was not ready for primetime. Hearn’s criticism has laid bare the nightmarish reality—a list of negatives that is both long and frightening." Full Story: https://www.washingtonpost.com/news/innovations/wp/2016/01/19/r-i-p-bitcoin-its-time-to-move-on/~~ I think we need to start taking this media coverage seriously and start demanding that core clean up its act.While employed at Credit Suisse First Boston, the banking firm invested over $150 million dollars on a project Vivek Wadhwa was working on.
It is not the first and for sure it will be not the last. It is sad to see the background and the data of the writer when read what write and what language use for the followers of the bitcoin with a tweet. This kind of people (protecting and put them themselves at the top of the world using big terms like "distinguished" or "Harvard") think and believe for true that have right to tell to everyone what is right and what is wrong or what to do and what to not do. And if someone dare to not follow this Big One think again that has the right to insult him or to disdain it. This language (which only intellectual cannot be classified) become from someone who show clearly that from bitcoin know only the name and this only after the "speach" of Mike Hearn. Make sorrow... |
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So for the last days I've tried to sell my services on the market place: signature, twitter posts and digital content.
Finding clients to pay with Bitcoins is terrible hard! People don't want to spend their coins too easy and many are just keeping their coins.
I believe BTC will succceed but this is a major issue!
If we want things to change I think bringing it to a lower value may be the way... so people can spend it more easily... ok don't rush to argue I want it to be $10,000 but this makes me believe nobody will spend a cent then.
Probably it was more fun spending it in the early days, too bad I wasn't an early adopter - believe it or not I only found out about it in 2013.
I've experienced the same thing with Dogecoin, even if it's lower value people aren't are too eager to spend their coins.
If you want bitcoin selling your stuffs with bitcoin why the others must leave themselves without bitcoin and give those to you? Have thought sometime this variant? Why don't sell you in normal money and sell in bitcoin? Because you want bitcoin. And normally will not spend those but will accumulate. Why the others must do otherwise? Think. Think. Everyone has its own way of facing the use of bitcoin. If hold think that will worth more. And exactly the same will do even you because you want its price 10 000 us dollar. Have no meaning to spend it when its price is only 400 us dollar when can be have more after. But I can give an idea to have the bitcoins you want from the sell of your products. It is easy to realized and can be found by someone himself is think a little. Sell everything you want to sell with bitcoin not with bitcoin but with normal money and then with the money earned buy bitcoin. It is not the same like has sold all with bitcoin? Will have some fee to pay but again is better this way than don't have nothing. Think. Think. |
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