Will it affect the price?
The first of August, 2017 will be the target day in activating the segwit that is intended to come some issues faced by Bitcoin currently. The non-technical Bitcoin users does not really understand the segwit, thus, making then con, pro, or neutral towards its activation. No body is certain if the price will go up or down when the activation come. In my opinion, it is much probable that the price will go up after the activation. Because I believe that the proposal of segwit is for the betterment of Bitcoin. |
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Last month, we have read many self-proclaimed Bitcoin analysts and experts proclaiming to the whole world that soon Bitcoin will hit $10,000 by the end of 2017. We have some corrections since then which pulled back Bitcoin a little bit from its $2800 high and right now as I speak it is hovering at the $2500-$2600 level.
Bitcoin is now priced higher than 1oz. of gold and has beaten any other financial instruments in terms of return on investment which result into many money managers noticing Bitcoin and transferring some of their eggs into it.
Do you think Bitcoin will really make it into $10K within this year, most especially after its August One "date with destiny"?
If we are talking about the possibilities and probabilities, then yes it is possible and probable that we will reach the 10,000 dollar mark within this year (2017) since the future lies in mystery and we cannot know anything until we get there. However, we only have about 5 months in order to be there and by looking at the current price, we should have about 1600 USD increase every month. That is a big value and by reality, it is doubtful. If a big bubble occur within the 5 month duration, it is possible to touch the 10,000 dollar but it will be just for a moment then a sudden and harsh drop will be experienced. |
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Yes we are currently on the down trend and it started when the correction happened. However, this duration of this event cannot be predicted precisely. It has been weeks when we experience this. As to what I think, this may be due to the combination of the bear market we are in and the fears of some people about the upcoming segwit activation. So it is highly probable that we will continue experiencing this as the "Judgement Day" (from deisik) approaches.
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So...The price is moving around $2,400 now-a-days and dropped from $3,000 & What about the future...Is going down to $1K maybe! 
I had received over $5K bitcoin payments and the price dropped within short-time its a massive drop and I'm under a huge loss. What to do I don't know.
Its been risky to receive payments in Bitcoin now. The price may drop more and make you beggar overnight.  Going to $1000 per Bitcoin is so much drop. We will not go there because of the demand of Bitcoin currently can sustain a price at $2000 if a major drop occurs. Bitcoin is very volatile and seeing these drops are not so surprising at all. If you are in a major loss today, wait for some weeks or months and your loss will become a profit. |
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Hello!
Over the past days BTC has fallen quite a bit, also ETH. Any clue why? Seems to be opportunity to buy more.
Most probably some people are cashing out to avoid major casualties on their assets. Nothing to worry about since it is normal. Some also say that we are on a bear market so we will see downsides more often. It is a great opportunity to buy Bitcoin because of the low price. As what they all say, "buy on the dips". The market had been mostly undecided for the last few days, and now as the Judgment day draws nearer, people become nervous and anxious, so it shouldn't surprise anyone that they are looking to cash out. I suspect we should see extreme volatility in July
Thank you Deisik. Judgement day, do you mean Segwit? Yes, yes he does. |
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So I'm back. You might not recognize this account , but that is because i made only a few posts around 2011. I was there at basically the beginning. I could be rich right now.. That's an odd thought! I was there, but i didn't put the time or effort in. Now im back, Bitcoin is higher than i ever thought it'd be, and i'm trading on exchanges. Live and learn. I feel dumb for not staying in, but smart for getting back in. What were you doing Bitcoin wise in 2011? Did you even know about Bitcoin?
Being at the very early years is a big opportunity but it seems you did not see it. Well it is unavoidable since Bitcoin is a new stuff there. You could be rich by now! But the smart move here is you came back and continue pursuing in accumulating Bitcoin. It is not yet late to begin again. I personally do not know that Bitcoin exist at that time. And if I even know Bitcoin then, I must have probably neglect Bitcoin since I am not into this kind of stuff back then. |
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I honestly think Bitcoin isn't decentralized enough considering that government still controls the Internet and can easily censor or shut them down (is this even possible?) anytime.
The move by government to make us go cashless by gradually phasing out cash is even more worrisome, could make them have absolute control over us.
We need some sort of decentralized "physical Bitcoin" that doesn't depend on the Internet and can be exchanged for online Bitcoin. It is too risky not to have offline alternatives to Bitcoin to act as backup plan for online Bitcoin in case something big goes wrong.
Pls I need to know something, Is it possible to exchange Bitcoin with other people without being connected to the Internet?
Let say the government bans the Internet and you have your Bitcoin offline(in cold storage right?), can you exchange the Bitcoin to the next person by simply transferring some Bitcoin from cold storage to his/her computer, phone or even data storage devices(like SD Card, USB, Hard drive etc)?
If this is possible then no need for the "Physical Bitcoin"
The government will not dare to shutdown the internet globally just to stop people from using Bitcoin. Many countries depends on the internet specifically the companies and businesses who offers their services online as well as the government uses the internet in order to govern their country effectively and efficiently. Internet has become part of our lives and shutting it down will be a chaos. |
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The time will vary depending on how much you earn Bitcoin weekly or monthly. By knowing that, a simple mathematics will do the trick. If you do not have a fixed amount of Bitcoin earned then it will be hard to predict but averaging them will definitely give you a hint on when will you complete a whole Bitcoin.
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For exemple, I go to a coffee shop, I buy a coffee, then I pay with Bitcoin, we have to wait for a confirmation, no? or the merchant will just trust me if I show my wallet?
How can we be sure that it's not a double spent transaction or something else?
Bitcoin, today, is impractical to be used as a mode of payment because of the existing high fees and the waiting time for the transaction confirmations. It is much more convenient to pay in fiat rather than in Bitcoin. AS for you case, it will depend on the merchant if they will accept unconfirmed transaction or not. Double payment rarely occur since if the payment was sent to blockchain, most wallet gives a notification to the user that the payment was sent. |
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Is there any limit to the divisibility of a bitcoin, in theory? Is it 'the satoshi'?
Satoshi is the smallest unit of Bitcoin and you cannot go beyond it. So you are correct that the limit to the divisibility of Bitcoin is Satoshi wherein a Bitcoin can be divided into 1,000,000 Satoshis. Okay, well if you have a dollar you can spend cents, can't you? Does that mean that you have 100 dollars?
You have a kilogram of gold. You can carry a gram instead, can't you? Does that mean that gold is no longer scarce?
The units are meaningless. The important thing is that there's a limited supply of 21,000,000 x 100,000,000 spendable units, which is 21,000,000 Bitcoin.
No it is not. You cannot have 1 Bitcoin if you did not accumulate a million Satoshi. The units matters since it is the one that composes the whole. |
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I think we are going to spend $10,000 per bitcoin sooner than we thought because more countries are legalizing bitcoin. Australia is going to do it on July 1st, India is on its way. What do you think?
Definitely. There will be a point in time where Bitcoin will definitely reach the 10,000 USD price mark. But despite of the acceptance and legalization of some countries, we still need more acceptance if we want to cross the target price. And with the fast growth it will not be very long now and we will see Bitcoin to reach the price of 10,000 USD per Bitcoin. |
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It would seem that the market is silent at that time, only few wants to buy and sell Bitcoin. Well this is not so surprising since the scenario was very possible. It is not an anomaly, the market just behaved that way so that was it. Bitcoin will not be smooth in the upcoming weeks and months since we are on a global bear market and it is a rough one. |
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I have been waiting for Bitcoin to reach $3000 so that I can sell my Bitcoins, but seems as if it doesn't want to reach that value anytime soon. SHould I sell with the current amount? The best thing to do is to wait for now. Reaching your target may be reached within days/weeks from now. July is my speculated month (this year) when Bitcoin will hit the 3000 dollar mark. If you do not need the cash now, you should wait for a little longer. Who knows, you might end up selling for a much higher price than you planned. |
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Bitcoin has been constantly avoiding the 3000 USD mark and this is not bad at all. It would just seem like some people are just too hasty about Bitcoin price increasing. Wait, that is the perfect term for this case. Next month (july) maybe it would sorrow and hit $3000 woooooot wooooot
I was thinking the same thing. It is highly probable since Australia will accept Bitcoin on that very month. |
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any announcements in the next days that might bring bitcoin price up/down significantly?
At this very moment, we will just have to wait days before Australia gets on board. This is a milestone for Bitcoin that may trigger another significant price increase in Bitcoin's price. We've witnessed what happened to the price when Japan accepts bitcoin then and since Australia is next in line, the same thing is probable to happen. |
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I heard that bitcoin is a good investment for making a huge profit in the future , is that right ? Because i want to buy some bitcoin in these days .
Bitcoin definitely is a good investment to make huge profit. If you buy when the price is low and a major pump happens then you will have a clear and big profit. And in the long run, if you are planning on a long term investment, the amount you invest today may double within just a year. What bank can offer you a 100% interest within a year? NONE. So by engaging in Bitcoin as an investment, it is a wise decision. |
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Note: this is a theoretical thread to discuss what would happen to Bitcoin, its price, and fanatics if it was suddenly revealed who is Satoshi Nakamoto and that they are now deceased.
What would happen to:
1. Bitcoin technology;
2. The price of a Bitcoin;
3. How would the community feel.
Discuss.
The title is misleading its readers. It is as if an article or something claimed that Satoshi Nakamoto is dead. Anyhow, 1. Regardless if the developer died, the technology will stay since the technology has already been made and being used by the people. Just like the past inventions (anything that you can think of) they still exist or improved today. 2. Satoshi does not dictate the price of Bitcoin. If ever that it is made public that Satoshi is dead, it is probable that the price of Bitcoin will sharply increase because of the publicity and curiosity of people towards the legacy of Satoshi. 3. This is obvious. The community will feel sad because of the unfortunate happening but then happy because Satoshi leaved us his legacy that would someday change the world to the better. |
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Bitcoin will seperate after august 1?
or
Bitcoin will end?
Some of sites written about this.
Need a Expert opinion or Real news. So waiting....
Bitcoin will separate? That sounds vague. Bitcoin will not split and there will no BU and BTC co-existence after the UASF. And as in addition, no separation will occur since this just a User Activated Soft Fork and not a Hard Fork (correct me if I am wrong here). Bitcoin will not end upon the activation of segwit/UASF. The activation was proposed (and approved?) in order to upgrade Bitcoin so how come that this will trigger the end for Bitcoin? |
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It is very imaginable but the question is, will it be a reality? 13 years is a very long time and who would know, right? Bitcoin might not reach that amount, might reach that amount, or might surpass that amount on that year. No one is certain. Yes, it is promising that Bitcoin will achieve that great heights. I do hope Bitcoin goes there. I just wish that I have more than a Bitcoin when that comes. |
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The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!
Slow and steady growth is a healthy growth. Yes, some prefer a steady and stable price so that no major drop on price will occur. Staying at this phase is beneficial to Bitcoin as a whole since more investors might be attracted and start engaging in Bitcoin. Steady growth is great if the price trend is always upward  |
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