If it reaches $100,000, wouldn’t we end up with extremely high fees?
It depends on how you end up transacting. If you just transact in the way people are transacting now, sure, the fees will lift up while the market rate lifts up. This is something that has been happening for years now. However, with Lightning Network, people will be able to transact off-chain, and thus 'tackle' potentially expensive fees. It should bring back the micro transaction functionality, but that's something we will only know for sure when it's actually operational - right now we can only talk about what's theoretically possible.
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Anyone supporting anything other than the legacy chain is an utter fool, it's that simple. It's a matter of time before a large portion of the miners will distance themselves from this ridiculous 2x fork, and from there let the malicious miners fork off and have their instant millions in profit, because that's obviously what they are after. It's nothing more than a short term toy till they come up with more plans/ideas to initiate another chain split, and repeat this nonsense once again. It's just the beginning of a whole load of more chain splits that we will go through in the forthcoming years - it's a cash cow, and that's a damn hard fact. Bitcoin Gold fits in that category as well, but has zero relevance.
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I also do not think that bitcoin will crash if North Koria goes war with Japan, We can see that even after banning bitcoin in China, bitcoin again got its previous value
China 'ban' isn't a good way to compare those situations, especially when you consider that it was obvious that China's 'ban' was nothing more than an attempt to buy time in order to prepare for whatever strict regulations the exchanges there will be facing. Aside from that, I strongly believe that Bitcoin will boom further in case the situation with North Korea develops itself into a disaster, which eventually may lead to a war. The regular economy will sink deep into the ground, where people are looking for safe haven assets, and Bitcoin fits perfectly in that category. Compared to Gold it's easy to obtain, doesn't require you to hold physical bulk, etc. I see only benefits here.
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Moreover bitcoin is a good source of income also additional income to the people who have stable job and used bitcoin as additional source of income.
Would you say the same if there weren't any signature campaigns? Probably not. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) It's mind boggling how easily people think Bitcoin allows them to earn money, while in reality, that's not the case at all. It's always noobs very likely being a signature/faucet/bounty/captcha farmer who think like that. Earning Bitcoin happens by you offering a needed service where you get paid for in Bitcoin. Trading can also generate you a decent return if you know what you are doing, and even actual altcoin mining can generate a certain form of income. You either need to have skills that are in demand, or money that you are willing to risk in return for a potential profit. Either way, money doesn't fall miraculously out of the sky.
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Though the floor price was just way above what see predicting.
Correct. It may turn out to still become reality, or it was a miscalculation from her in the way that she expected the panic sellers to dump the market further down, while in reality, people preferred to keep holding instead. Either way, it's quite an achievement to accurately predict that the market would experience a massive correction after the peak, which it did, but not as deep as she expected - from here time will tell whether or not we'll still tank to levels close to what she pointed at. I wouldn't mind to scoop up more discount coins. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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I do not think that the bitcoin's ban in Nepal will affect bitcoin itself. I think that only Nepalese can regret it.
Of course it won't affect Bitcoin. It may sound harsh, but Nepal is an utter insignificant country that will never be able to contribute to anything crypto related - no one in the western world will lose a second of sleep over this non news. Such actions point out the weakness of the government there, and directly also that there is a whole lot of corruption going on, which they at all cost want to keep thriving. If people there want to buy themselves into Bitcoin or whatever other crypto currency, there will always be a sufficient way for them to do so (think about the peer to peer market) - not even an entire crypto ban can stop this.
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The price now raised $ 4672 and I expect to surpass the previous high price of $ 4920, but I'm optimistic this month will reach over $ 5000. So keep bitcoin is better and will get more profit.
Honestly, what is so special about the price to reach the $5000 level this month, other than the statistical/milestone purposes? From current levels it's just a +8% increase to reach that level, so there is not much interesting going on here. At this point the aim should be pointed at $10,000 and upwards, if you're here not just for a quick return. People cashing out at current levels will find themselves at some point buying back their coins, but then with a sizeable premium stacked on top. It happened to people selling at $1000, then $2000, then $3000, then $4000, etc.
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Good for them, I'm not going to register on their exchange to receive a useless prepaid card, no body wants Yen, if it was in dollar that would be something worth trying.
There is a very decent alternative, which is called BitPay Card - it's based on Visa as well. Difference is that you do need to pay fees, but that's perfectly normal, considering that the BitPay Card isn't a 'charitable' gift like is the case with the card Bitflyer offers. ----- Other than that, I think it's a pretty good deal as long as there aren't any fees involved. It will stimulate people to use these cards instead of the regular debit cards that do require a per transaction fee, signup fee, annual fee, etc. I am however not seeing anything in the article pointing out that ATM cash withdrawals are free too. If that's the case, then it would add an even higher value to this service. If this picks up, it can actually turn out to be a pretty big deal for the exchange itself, and people buying themselves into Bitcoin.
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All the analysts are talking about the same thing only in different words. I don't believe them. No one can give a reasonable prediction of the behavior of bitcoin.
99% of all the self claimed experts and analysts that pop up are nothing more than clowns trying to ride Bitcoin's popularity. Thus far, the only entity that came up with a proper analysis and prediction, was Goldman Sachs. It's almost shocking how close they were to predicting the peak, which at the same time makes me feel they have something to do with it - it's not just a lucky shot. Recently the news was that Goldman Sachs is looking to develop its own sort of trading platform that would allow whatever entity to enter this market. This especially is a big deal considering that it opens the doors for high level institutions to pump millions, perhaps billions into this eco system over the years.
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I've also heard bad things about Kraken, mostly about poor API and trade engine performance, as well as frequent problems with connectivity during volatile times. Same goes for Coinbase, too, unfortunately. Bittrex is pretty good for altcoins, but there are no fiat pairs, and liquidity is poor for USDT.
Kraken is a very decent exchange, but they do indeed happen to suffer from high intensity moments when the markets are quite volatile. It mainly happens because people are refreshing constantly, which causes a soft DDoS effect occasionally - this of course still doesn't justify them not allocating more bandwidth. Exchanges are very stingy when it comes to investing in more bandwidth, and Coinbase fits in that category as well, and that while they are by far the wealthiest crypto related business in this market. Bitstamp thus far has been working exceptionally well for me, even in periods where the volatility was reaching its boiling point.
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Somehow, this is scary. Hard forks should be exceptional. We should not see a hard fork every quarter. This is damaging for BTC.
I totally agree with that, but we know that in current days, exchanges aren't going to decline an opportunity to generate huge loads of volume, and thus will list it anyway. Another aspect is the pressure coming from people that are desperate to get it listed so they can cash their split coins out, trade them, shove them in their (you know what), or whatever. Same basically goes up for online wallet services - they need to go with it in order to not fall behind and potentially piss off their customers. It's sad that malicious entities are toying around with Bitcoin for their own financial gain, but that's the time we are living in - greed dictates the market, and there is literally nothing that can stop this.
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it's Bitcoin that they are after. Pathetic beings....
Of course their primary target is Bitcoin, they very well understand that all their attempts to create a Bitcoin competitor will be nothing more than a wasted effort. The forks they come up with are blatant money making opportunities for them, and that's really it. Look at Bitcoin Cash, it was Jihan and Ver's proud 'creation', and yet they seem to allocate more time in getting ready for Segwit2x than their Cash coin - this just confirms that it is nothing than a money making opportunity, where they now move on to the next thing (Segwit2x). Other than that, everyone who's against Core is just a delusional troll and drama queen, but as always, people here are free to feel and express themselves the way they want.
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Glad to see someone beat Uber at technology adoption. I don't really like Uber. I had bad experience with them and I also heard they exploit their workers and take too much profit. This competition from local Indian company can only be good.
Uber is what I consider to be a real bubble. This company thrives on exploiting holes in the law to keep their business operational, but governments are slowly but surely hammering down on them. Recently, they have already lost their license in London, and I am fairly sure that this will stretch out further in the forthcoming months/years - Uber isn't a viable long term business, and for that reason I don't really care about them accepting Bitcoin or not. Props to the people who managed to build it up as they have done, but it's about time for them to face the reality and think about an exit by liquidating their shares.
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That would be possible if the next segwit2x will be successful just like the recent one which happened last month of August. The previous hardfork made the value of Bitcoin increase from 2800 upto 4000$+ in jist a short period of time.
Segwit2x successful? It can only result in a negative event. Please lookup what Segwit2x exactly is, I don't think you've got much clue. Segwit, the original proposal that has been activated in August, was the event that caused the market to increase significantly. The Segwit2x proposal is the result of an agreement by various entities to have their shot after allowing the original proposal to activate. Currently there are already a few entities having withdrawn their 'support' for Segwit2x, because they know that this is a completely unnecessary fork, and can potentially harm Bitcoin due to the influence of various malicious entities. Realistic situation is that we'll see a chain split happen, and while some people will be happy with their "free" coins, there is no positivity here.
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Government cannot regulate bitcoin itself. But the government can implent some rules about bitcoin like what china did. Bitcoin is decentralized and has a good future but I think the government wont allow bitcoin holders to be exempted in tax. They will definitely make way to have cotrol over it.
Speculation goes around that Chinese exchanges that will be back in operational state, will report everything their users do directly to the government. In the long run, I think this will be something that basically every crypto exchange will be doing in order to maintain its operations - governments won't just sit back and see this eco system grow, while people refuse to declare their holdings/gains. In other words, if you end up making profit, and you don't declare any of it, you'll be dealing with the government, but then in a negative way of couse. I see another major reason as to why the peer to peer market will continue to grow exponentially in the forthcoming years.
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We've got used to seeing rapid price growths of bitcoin, but currently is struggles very hard at this $4000-5000 range. I mean it looks like it's about to break $5000 and it falls again. Maybe it needs time, but such behaviour shows that it is not ready to go that high so quickly.
What you consider to be a struggling market, is what I consider to be a top performing market -> it's a great achievement that with an important event such as the 2MB hard fork in November, we can still maintain levels over $4000 without much problems. Currently, the market is up like 350% this year, so it shouldn't be a surprise to see the market not push further. So it's more like "$10,000 during the late 2018 seems like possibility". Also if it's true, then it's also worth to hold some altcoins, as they tend to raise in price accordingly with bitcoin. So the more successful bitcoin is, the whole cryptocurrency market raises.
$10,000 is too much to ask for to happen this year. I think that we'll be just fine letting that level be something we (hopefully) get to experience before the end of 2018. And yes, Bitcoin's bullish sentiment flows through the entire crypto market, so it only makes sense to see altcoins lift up as Bitcoin goes through the roof.
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I don't get it! coinbase tries to secure your account and prevent hacks in case your Email was compromised (by adding that timeframe) and you are complaining?
Agree. Because it is not about some social media account, it is about your money. I think this is the most minimal security option, and it should be increased to several days. 24 hours is the max I, and basically the majority of the people are comfortable with. If you stretch it out to a few days, it will turn into a situation where a whole lot of complaints will flowing into Coinbase's mail/support box. 24 hours gives people enough time to instruct Coinbase that something is happening with their account, and thus to discard all changes made by whatever malicious entity. HabBear's frustration will turn into understanding when everything cools down (unless it turned into an event causing him to lose money). In some cases you badly want to open or close a postion, but can't do so due to whatever circumstances forming a temporary block, and this definitely fits in that category.
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It might be worthwhile to jump into what exactly hashflare is 'mining' with their scrypt contracts, and check whether or not certain coins experienced a massive difficulty jump, and, or, reward decrease like a block halving does. Essentially, a cloud mining service can change its terms immediately, and thus severely hinder/decrease the user payouts, and that at any time they want. By signing up there, you basically agree to all their terms, and this is definitely one of them -> it's not the first cloud mining service that has done this.
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This suggests that bitcoin is much more popular than we thought. And it makes me very happy. This makes bitcoin stable and strong. Many investors will pay attention to the crypto currency
This suggests absolutely nothing. I'm sorry to say, but the way you think and express your thoughts, it perfectly confirms that you and a whole lot of other people are rookies, and thus don't understand what's going on. Aside from that, I don't see Amazon accepting Bitcoin at all - and the reason is well explained by the post from RichardsNY; People aren't willing to spend their coins, knowing that they potentially might end up seeing the price shoot up significantly
Amazon thouroughly investigates every potential move they might set, and that would clearly point out that people indeed aren't spending Bitcoin regularly enough to make them list it. It's quite normal since people more and more understand that their Bitcoins are a precious asset that will only appreciate in value in the forthcoming years. It is what it is. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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