Bitcoin is a relatively young currency.

Being young in comparison to gold, fiat and diamonds, btc needs to prove its stability over the long term & prove that its technology is reliable.

If a fork occurs, to some that will prove bitcoin is and always was a joke.

It could prove to some that bitcoin is an amateur currency, a gimmick, that wasn't good enough to exist on the big stage in world affairs.

A fork could be the end of bitcoin and alts as we know it.

If that happens a lot of people could lose a lot of money and be upset.

Then governments of the world could have an excuse to step in and ban crypto currencies to "protect" people from "unregulated" crypto.

Its not worth it for bitcoin unlimited, nor anyone else, to fork & increase block size by a paltry amount in terms of risk versus reward.

Common methods : business loan, hard loan, sponsors, venture capitalists, creative financing, crowdfundung sites like patreon/kickstarter, gofundme, donations, et al.

The internet has a wealth of information that can be accessed through search engines, forums, mailing lists & other avenues.

There goes ETH.



2 for 2 on my calls. Maybe I should get back into trading.

Its not that hard to tell when someone is conning people into buying their overpriced junk coins & the price will decrease as a result.

Overhyping failed ventures & artificially pumping price to unload troubled assets on an unsuspecting public is an extremely common profiteering tactic in the investment world.

Even banks like goldman sachs screw over entire countries like greece using the very same methods.

I haven't tried day trading in crypto in years.

Is there enough average volume on exchanges to profit from daily percentage moves?

I remember back in 2013, there would be so little volume, especially on altcoins.

With alts it was very easy to paint yourself into a corner where you bought something at a higher price than you would ever be able to re-sell it.

Btc was the best investment when it was priced under $1,000.

It could be a great investment priced in the 10x0's.

The only thing holding it back are concerns over forks.

Once those concerns come to an end, it should be back at $1100-1200 or higher.

Sorry if this is a silly question to ask, but I can't help myself.

Does anyone know of retailers that accept alts?

I've seen some say altcoins have "rapidly growing user bases".

My first thought is, how can altcoins have "rapidly growing user bases", if there's nothing to use them for?

This must mean there are retailers that accept them, or some purpose they can fulfill?

Its hard for something to have a user base, if there's nothing they can be used for?

 

This is some of the best advice I've found.

Precept #9 of the Dokkodo.

9. "Resentment and complaint are appropriate neither for oneself nor others."

It helps a lot.

Looks like dash is crashing.

1/2 on my calls.



(Wonder if eth will do the same.)

This game is almost too easy sometimes.

OP, if you have a detailed breakdown of your $2500-$3500 btc estimate by the end of 2017, I'm curious how you envision bitcoin unlimited/segwit issues being resolved.

$2500-$3500 seems like a good estimate once fork issues are resolved.

There is economic doom and gloom looming on the horizon for banks, governments and fiat which could push btc's price up.

Concerns over fiat and bank instability could produce higher demand for stable btc.

Which in turn could drive the price up.

If BU died.

What would the price of btc be, 1 month after BU's death?

 

What does everyone think about this?

Would it be funny if BU died and the price of bitcoin shot up to $2,000+.

Would people laugh if the best thing BU could do to for the future of bitcoin, was to cease to exist?

Bitcoin's chances of reaching the moon were looking good.

Until bitcoin unlimited ruined everything.

I guess they forgot to take into account the effect a split would have on btc's price, in their "block size" calculations.

That type of short sightedness is why bitcoin unlimited is likely destined to fail.

There are opportunities accessible to the average person to become a millionaire, other than relying on bitcoin or being a crypto early adopter. There are always lots of opportunities, even if they're not easy to see.

One might say, its good to look at investments outside of bitcoin, sometimes. The future of btc with bitcoin unlimited's hard fork probably means the price of btc won't gain much in the near future.

If bitcoin unlimited died, I could see the price of btc definitely shooting up, though.

OP, when you say "mass adoption" what you really mean is uncapping btc to produce more than 21 million coins?

Like centralbanksequalsbombs said, that could reduce the scarcity of btc and cause its price to implode.

If you want mass adoption, I think litecoin is what you're looking for.

BTC's role isn't focused on high speed transactions or mass adoption. Another alt would be better suited for that role.

I've heard of a lot of scams in forex. Mostly by people selling forex trading platforms. A lot of the industry could be built around profiting at the expense of beginners and the little guy. Yes, it is possible to make money with forex. But like most trading someone would probably have to do it for years & make a lot of big mistakes that would make them feel like quitting to get to a point where they can be successful at it.

Someone posted this link about Satoshi being a guy named David Kleiman who passed away from natural causes.

https://seebitcoin.com/2016/05/everything-makes-sense-if-david-kleiman-was-satoshi-nakamoto-heres-why/

Its probably the best theory for who Satoshi is I have seen.

I held off responding hoping others would reply to the thread.

You make a lot of excellent points. I wish I had something to contribute but not so much.

If I was to apply an economic model to this discussion, I would aim for a type of thermoeconomic context. I believe that's the future and the best model to use.

But to be honest, I'm an amateur when it comes to economics/markets/trading & I've been severely slacking off for a long time now.

As an amateur trader(who hasn't traded crypto in years) low volume and low volatility*** were the main limiting factors which made trading crypto unattractive. Even trading small sums with extremely low percentage commissions on trades, it was hard to move crypto in the short term the way a day trader might. I don't know if circumstances are better or worse now. Or what the overall outcome of crypto becoming a more attractive investment & trading opportunity might hold for btc in the long term.

While long term holders of btc & crypto might prefer rock solid price stability in gradual valuation increments, it could be accurate to say day traders prefer high volatility*** and high volume to move more money through trades, over exchanges in shorter periods of time.

Completely clueless as to what the long term btc holder vs btc trader demographics look like atm. Crypto could be unique in that it has an investment/trade abstract mated to a long term investment/savings abstract. These unique circumstances may lack a historical precedent to determine the right course of action.

Riding on top of that dilemma are bitcoin unlimited/segwit/china/price manipulation/central bank concerns.

To label it a powder keg may not be an overstatement*. Then again, bitcoin's entire history could be labeled a powder keg & it has seemed to do just fine.

I'll definitely hold some btc. I haven't done too well but am up enough that 1 btc would need to drop to $300 or so for me to be at break even. My goal is to be diversified enough outside crypto that even if I lose all the btc I have, I can take it in stride. That's the best strategy I can think of under the current circumstances.

(***I just realized I've been spelling volatility completely wrong for the last few weeks.)

 

I wonder if dash and ethereum are truly gaining users.

Or early miners of alts are selling coins to themselves to artificially pump the price of eth/dsh.

So they can unload on some poor saps later & profit. Pump/Dump.

If the above is true, the price of dsh/eth should decline once those artificially pumping the price are gone.

I wonder where the altcoin market increase went.

Doesn't look like dash, ethereum nor any alt coin prices shifted.

Is it sustaining a massive sell off of alt coins?



Exacta.

Could be a good time to short dash, eth, whatever alts are selling at high volume.

What's better than bitcoin beating the price of gold, once?

Bitcoin beating the price of gold, twice!

Btc is down again, but may well be poised to beat the price of gold for a second time.