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I am sure that a lot of people have already become rich because they work with bitcoin.
Traders, Miners and early adopters especially.
And it is clear that many more will follow them.
Of course, there are a few people as well who lost money due to bitcoin.
But if you compare the numbers, the side of the rich guys is overwhelmingly bigger.
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I do not think you can put Uber and Paypal in one box.
Uber helps you come from place A to place B, Paypal is a worldwide online payment system.
Uber already accepts bitcoin, but I don't think this was a game changer.
But Payal, that could give bitcoin a boost. If paypal would accept bitcoin, you could suddenly pay everywhere where paypal is accepted with bitcoin.
That would mean hundreds of thousands of shops.
But will paypal make such a move? I guess not. The volatility of bitcoin is just too high for that.
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I think it really all depends on whether we see a fork in the end of this year or not.
When we have no fork, I think 10K will be reachable 2018.
But if a fork happens, I think we can forget about 10K for a very long time.
Of course, in a fork case it would still depend on how much hashing power the fork would draw away.
But the mined blocks signaling that they support the 2x proposal have a majority.
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Every business improves the economy of a country, bitcoin businesses are no exception from that.
The larger the volume of sales, the bigger is the effect on the economy.
I think most effictive for an economy are the exchanges.
They have the biggest amount of money that passes through them.
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A speculation is something like an educated guess.
You have some reasons for your opinion, but you can not really be sure your etimation is correct.
I see nothing bad in that.
Who do you harm? When you put money in bitcoin, it's your money.
The speculation warners are people who are just jealous of other peoples success.
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I think it is very hard to get people to use their bitcoins at the moment.
Most owners are in it as investors for a longer time.
And even if you are not an investor you must admit that the price of bitcoin went up. Very quick, very fast.
If somebody tells you to use your coins, it is like the advice to give an opportunity, or to give money away.
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1. Do not remember electronic wallet password
2. Do not back up your wallet
3. Do not research new services
4. Buy and sell based on feelings
5. Leave your money in the electronic money floor
Well said! However in case of electronic wallets, first can be easily eliminated by simply clicking 'forget password'. I would like to add some more- 6. Invest in Bitcoin Doublers ( do you smell greed!! ) 7. Invest in every other ICO ( did you smell greed again !!) 8. Invest by following pump/dump groups ( ahh! Thats too much of greed. )  Greed, yeah, that's my favourite one too... I wouldn't even call it a mistake anymore, it's the ability to remove all rationality out of the brain. Luckily it gets the punishment it deserves most of the time. I don't understand it why it is so common. The people already have a perfectly well doing investment with bitcoin. And yet they believe completetely irrational stuff they read in unverified sources. |
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Last few hours ago the bitcoin price already reached 5k dollars but it will fall down again and the price as of now is 4600 dollars but I hope it will back again to the price of 5k dollars so we can make a lot of profit. The chances bitcoin price reach or hit 10k before end of this year is 50 50 because we need to get more higher 5k before goes to the next target. But now we wait the price back again 5k and next is 10k.
We have seen the 5K line today, but it triggered a downfall movement. So that is were the resistence is for the moment. I think we will need some time to break that level because the same mechanisms that activated the correction today will do the same next time. It needs a little bit more support from the buyers next time to stay above the 5K level. Maybe weekend is just the wrong time for such an attempt. |
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I think Bitcoin in Asia is becoming more popular. It is because most of the people are treating it as a means of living, I know a couple of people who gets their daily needs through his income in bitcoin whether it'd be joining campaigns in this forum or through profits from trading. They really treat it as a job at home honestly speaking.
I guess so, since the number one problem in Asia is poverty, so the people there are taking all the opportunity to earn money by any means. Asians are dedicated on whatever they are doing, that is why other countries love them so much, they are hospitable and so on. Earning money through bitcoin is really good, that is why I guess the reason why bitcoin is popular on Asia. I think that there is a big difference between the big cities like Shanghai or Hongkong with global importance and the rest of Asia. And that difference is bigger than anywhere else in the world. In the cities you have standards at least as high as in the top industry natons. So crypto currencies are booming. But in other parts of the continent, they have nothing from the developement of the cities. So the crypto world has not reached those areas. But it very well could in a few years. |
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It's going up too fast and I'm getting scared. I was asking myself whether I'd buy at these levels, and the answer is no. So who is buying?
100% agree with you. I would rather have a bitcoin in which the price can be fluctuate less. I would rather own bitcoin when it is going up by say, 1% a week on average and is consistent, instead of going up hundreds of dollars in a day and you never know when the adjustment is going to come. I don't know who is behind this pump, and this is getting everyone excited. Nobody seems to be able to think into the future and see that a dump will always end even the biggest pumps. I think that we will break $5k once again and stay up there, but for how long i have no idea. These pumps can't continue forever. People who have great faith in bitcoin are buing at the moment. Or people who consider it to be a long term investment. I think it's the growing number of people who buy that lets the price climb higher. One buyer alone does not put much money in it anymore, but combined, the amount of new money flowing into bitcoin is larger than ever. |
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Actually I think the best way to keep bitcoin increasing is not to sell the coins you already have.
Shorten the supply for the other people and you will have your coins grow in price.
Of cours, the other people should think the same way.
To me, I am only giving away coins if I really have to.
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How to start a website like Bitcointalk.org? what is the skill or requirments needed? do we need to start like small company or hire skilled people like Information technology students? what should I things to be known before I start everything.
There are many free forum packages out there, and most are patched regularly to keep up with security. The issue will be attracting users. Contests, bounties, pay per post works for a while, but once you stop the programs the people stop coming. You need a unique forum to attract people. I see it a similar. There are many packages out there, but they are not successfull. You need to give the people a certain extra, and for that you will have to modify the package. That would require programmming skills. JavaScript, html, php and sql for the database. To learn all of them until you are really capable of altering the source code, it will take some time. |
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Don't buy it either. I think that North Korea would have other priorities when hacking something in South Korea. Basically everything military or something from the public infrastructure. The only scenario I can think of that this makes sense is that private hacker did that. But then it makes no difference if they came from North Korea or from anywhere else in the world. They made it just for the money. |
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Well i dont think that there is gonna be a correction soon.. But you must know that we are entering a support barrier ($5k) and we are now at $4900 each bitcoin, so if the price brokes that barrier then it will go up for some hundreeds, and then come down again, and maybe in that moment the correction is gonna happen.
But i hope that it does not, because i dont wanna see bitcoin cheap.
Why you not want correction price of Bitcoin on market? You also understand Bitcoin always raise up recently, from earlier this year until today. In fact, you know this is bubble growth and can breakdown anytime, your wish cannot become to true, so you need ready with worst situation on market. Actually nobody knows if we are in a bubble or not. All we know is that the price increased a lot in the past. It is really hard to say what a fair price for one bitcoin would be. How would you even start to calculate that? All we know is that people want to have it. And there is as well the chance that bitcoin was undervalued all the time. Maybe still is. |
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I just read the story at the start of this post and I don't think we have all the details.
A bank does not close an account for no reason and keeps the money. Not in the US.
If they did, it would be against the law, no matter what the contract says.
And I think as well that it would not be hard to find a lawyer who would take the case.
The lawyer would immediatelly know he would win and that the bank would have to come up for the complete legal costs.
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I think some billionairs have bitcoins others do not. I suppose some even became billionairs just because of bitcoins.
Those who have no bitcoins either do not care about earning money anymore, or they just don't believe in it, like Warren Buffett for example.
And those who believe in bitcoin, like Richard Branson, they already have their fair share of coins well stashed somewhere. And I am convinced they are not going to sell.
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I must say that I have used bitcoin only for online purchases in the past.
And I have even stopped that.
When I look at the increasing price, I always feel like I'm burning money if I am using my bitcoins as a form of payment.
And I am sure many other people feel the same.
Maybe that is the reason why it's hard to find places that accept bitcoins: Nobody uses them anymore. They are just too valuable.
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I have another theory for all those bubble theories: envy and resentment.
Many of those statements about bubble building in bitcoin comes from people without bitcoins.
When they look back at the developement they might get the feeling that they have missed something.
And in order to let out their frustration, they just talk it bad.
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Bitcoin has a limited supply to 21 million coins, Ether is unlimited as far as I know.
I think that bitcoin has become something like digital gold, a form of investment.
And mybe Ether will manage it to become the future payment form in the crypto currency world.
It's a little bit like gold and US dollar. Gold you store, with the dollar you pay.
But that would mean as well that one day the market capitalization of ETH can be bigger than than the capitalization of bitcoin.
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I think it all depends on how much your profit is in total, not in percentage..
When you invested 10 dollars and now you have 50 you have 500% profit.
But not many people would cash out I think.
But if you have invested 100K and you you reach 500K, that would be something a lot of people can spend the rest of their lives with.
Then I think many people would cash out.
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