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581  Economy / Speculation / Re: BTC Price drops $300 on: June 12, 2017, 05:31:02 PM
Earlier today, Bitcoin price was close $3000 and reached $3000 in some exchanges, and it's now dropping. This is not good. For how long is going to keep on doing this? But I know it's a good thing for those who are willing to buy their first BTC. Hopefully they just can't wait until it reaches the $1500 mark.

Declining and reaching the 1500 dollar mark is a bit too much dump on Bitcoin's price. If that happens, damn, I shouldn't buy back bitcoin so early. Though this is a good news for some who intends to buy some bitcoin at a low price and a bad news for any regular user that hates bitcoin to go down. Bitcoin has many users now and has a big demand for it so declining so much is not in the picture anymore. Around 2000 USD is much more possible but going down beyond that is doubtful to me.
582  Economy / Speculation / Re: Bitcoin heading to $4,000 on: June 12, 2017, 05:06:05 PM
Bitcoin is a blessing to some of us here. We can testify, how since the beginning of this year that, we have make alot of return on our investment in bitcoin. I foreseeing bitcoin touching $4,000 before the end of October this year. Hope you join us in this less risk investment.

First of all, I think this should be moved to the Speculation Board.

I personally do not know since the price of Bitcoin has always been so uncertain. From the past days, Bitcoin is constantly avoiding reaching the $3000 mark (based from the charts on coinmarketcap.com). However, reaching 3000 USD will be possible on July when Australia formally accepts Bitcoin. After that, we will be subjected to an uncertain situation which is the activation of Segwit. We have no guarantee about this happening and we do not know what will be its impact to Bitcoin's price. So for now, it is hard to see your visions.
583  Bitcoin / Bitcoin Discussion / Re: Do you save bitcoin for fun or for future purpose? on: June 12, 2017, 04:50:35 PM
I have think of it and i have save up bitcoin just a the small amount because i have plans for it to have fun like travelling didn't even save it for future purpose. so i wanted to know what are you going to do with your bitcoin if you save bitcoin. Why do you save bitcoin for? and why? what is the purpose why you save up bitcoin to your wallet and not to spend it.

Well I save Bitcoin and hold them so that I could gain more. Since Bitcoin's price is somewhat constantly increasing, Holding it shall give a nice profit. Currently, I have no concrete plans about my coins. If anything comes up, I might spend them on something important. But as much as possible, I tend to hold them and expect higher gains.
584  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin be used by ordinary citizens? on: June 12, 2017, 04:47:11 PM
Bitcoin is usually used by people interested in technology. I mean, persons with a certain technical knowledge are interested in bitcoin.

My observations are that way. I think Bitcoin needs to reach larger quantities. Can use bitcoin in people who are not interested in technology?
Can people use the bitcoin in the profession group like tradesmen, teachers, housewives, firemen, butchers? Are we going to see the days that these people use bitcoin?

Bitcoin will definitely be used by these people. Bitcoin does not require its user to know the technical stuffs inside bitcoin technology. The main knowledge they must know is how to receive and how to send Bitcoin. That should be it and then they shall be able to use Bitcoin. No technical stuffs needed. We just have to wait when Bitcoin dominates many more countries and we shall see those days. Wink
585  Economy / Economics / Re: Bitcoin to FIAT ratio on: June 11, 2017, 02:40:17 PM
How much of your total wealth do you hold in Bitcoin vs FIAT?

For me, around 25% is Bitcoin, the rest is FIAT.

Well, let us see. Since I am living with my parents, I have no job and not yet graduating from college, and my fiats in possession are just in minimal number, I would say that the percentage of my bitcoin over the fiat I am currently holding would be around 90%. So 90% is in Bitcoin and 10% in fiat. Though I am not entirely sure since this is just an estimate.
586  Economy / Speculation / Re: The price of bitcoin on halving day 2020 on: June 11, 2017, 02:35:22 PM
What do you think the price of bitcoin would be on halving day 2020?

The price would be half the price of bitcoin on 2020, obviously.

Based from my crystal ball, the price of Bitcoin at the Bitcoin halving day would be around 12,000 USD. My crystal ball is a little blurry but that's the number I saw inside. That is based from doubling the Bitcoin's price every year. It's worth a shot to predict  Grin

I think this thread belongs to the Speculation Board, am I right?
587  Bitcoin / Bitcoin Discussion / Re: big transaction fee in Bitcoin , really down the future of btc ? on: June 11, 2017, 02:29:41 PM
Day to day the price of the Bitcoin is increasing but with this a big problem arising that is fee .
Can you think that with the increase of the transaction fee of the Bitcoin will results into less use of the Bitcoin for transaction from one address to another .
And people will move toward the other cryptocurrency .
Or there is chances to improve the block chain network​ and increase the size of block .

I request to everyone to give you thoughts and views at this big problem of fee .

It is possible that the number of transaction per day will decrease because of the increasing transaction fees needed. That is especially for those who cannot afford to compromise and pay higher fee. With this in mind, there will be less micro transactions in the blockchain.

People might lean to alts just to lessen the fee needed. They will just do that to lessen their fee but they will convert it back to Bitcoin so Bitcoin is still the dominating crypto currency.

There are various solution for these issues, we have the Segwit that shall happen on August. However, its end result is still uncertain so no one really knows if this is a solution or another problem.
588  Bitcoin / Bitcoin Discussion / Re: Bitcoin, is it worth spending time collecting it? on: June 11, 2017, 02:23:10 PM
Is it worth spending time to collect Bitcoin rather than having a daily job? What I mean is that can bitcoin be more economical? Has it ever happened that people lose their investment value rather than benefit from spending it on bitcoin?

Having a daily/regular job, aside from trading or signature campaigns or bitcoin related, is much safer. Take note the instability of bitcoin and you cannot control what will happen in the world of bitcoin so having and keeping a job is much more desirable. Treat earning/getting bitcoin as an extra way in gaining and not the main. It is possible the someone out there lose his/her investment in bitcoin rather that benefiting from it. There are many possible scenarios for it.
589  Economy / Speculation / Re: Back to 2000$ on: June 09, 2017, 06:21:43 PM
Don't expect to see $2,000 level anymore. Bitcoin has a one way ticket to the moon and it will continue this phase and just have a few bumpy rides which would include a dip of less than 20% every time. Which will never be back down to $2,000 I believe. If it does go that deep, then sell all your personal belonging and buy bitcoins!

I will give you that and I also have the same belief about bitcoin not gonna drop at 2000 USD or lower. There are some countries that fully accepts Bitcoin and based from the demand, going lower that 2000 is not in the picture anymore. However, if it does, since Bitcoin has no guarantee at all, I will wonder how will these people live after selling all their belongings.  Cheesy Roll Eyes
590  Economy / Speculation / Re: When 21BTC = $1,000,000. If on: June 09, 2017, 06:16:18 PM
Predicting a state of economic value. When. If.

If 1 BTC = 47619.0476 USD.

At our current rate, this is very far from it. However, Bitcoin always surprises us. If Bitcoin continues to double its value within a year, then we might see this in reality after about 4-5 years. Or maybe we will see that earlier that I anticipated. Who knows, right? All are just speculations and nobody is certain.
591  Economy / Speculation / Re: What could cause price of bitcoin to crash?? on: June 09, 2017, 06:03:58 PM
1. The coming of the Judgement Day, the Apocalypse?

2. If the issues within bitcoin was not resolved, the continuous increase in transaction fees, the long waiting time for transaction confirmation. If these continues, Bitcoin will be the one who will destroy itself. Some might get sick of bitcoin and just get out of the board. So the demand will decrease and the price will crash.
592  Economy / Speculation / Re: a 100-150 jump in price daily is avg for volatility of btc on: June 09, 2017, 05:57:24 PM
I'll give you that one. Bitcoin's volatility had become so normal and people does not care anymore. But to those who uses bitcoin as a mode of payment, this volatility just seems not right. If Bitcoin will behave like a currency, more stability is needed and with this excessive jumps within a day is just too much. It might take a long while before Bitcoin will behave like a real currency.
593  Economy / Speculation / Re: Are you enjoying the crazy Bitcoin price rise? on: June 08, 2017, 05:47:40 PM
Bitcoin was supposed to free people from fiat money slavery.
How many of us are now slaves to intense greed, expecting easy money, etc?

Most people cannot use BTC for moderate amounts of value since the fees are way too high, but the Bull marches on, and on.
Are you enjoying the crazy Bitcoin price rise? Does it feel "different" compared to the previous big moves?

I do enjoy the crazy Bitcoin price hype. Most of us do. It feels like all of your effort in earning them are paying off. As a bitcoin user that intends to gain profit in earning them cannot wish for more. Maybe wishing it to continuously increase so that continuous profit will be gained. Bitcoin, to the moon  Wink
594  Economy / Speculation / Re: remember bitcoin on: June 08, 2017, 05:35:29 PM
Well it is always amusing when we saw someone belittling Bitcoin and underestimating its potential. Bitcoin just proved them wrong.

Some do that in order to fool easy-to-believe folks so that they will sell their coins at a low price to them or cash them out just to make the price of bitcoin to decline. They use these method, or I say SCHEME, just to gain more for themselves. Shame on these selfish trollers.
595  Economy / Speculation / Re: How low will the next correction/dip be? on: June 08, 2017, 05:24:11 PM
We just experienced a correction recently and I think that we will not experience correction that too soon. The ups and downs we are currently experiencing is due to the growing community and market of bitcoin. So we can safely say that we are on a normal day. If ever a correction will occur, I believe that the price of bitcoin then will be over 3000 USD and the correction will fall between 2500-3000 USD.
596  Economy / Economics / Re: If scalability is unknown, why are some countries going "all in"? on: June 08, 2017, 05:05:10 PM
I personally do not know what are the reasons why some countries accept bitcoin. I haven't thought about your views but probably it is included in their because. As to what I personally believe, these countries just seen the potential of bitcoin being a currency. That reason is enough for me. Potential has a good relevance to the acceptance, right?
597  Economy / Economics / Re: Bitcoin's meteoric rise is, ironically, limiting its growth potential... on: June 08, 2017, 04:59:18 PM
Yes, it is true that Bitcoin possesses  the characteristic of being an investment asset rather than being a currency. Bitcoin was intentionally made as a digital cash or currency and as to what you've claimed, bitcoin needs to become more stable before being a full-blown currency. However, Bitcoin is also designed decentralized so the volatility cannot be controlled. I think the most probable way to gain stability despite of being decentralized is to gain more fame across the globe and to gain more users. That way, we can lessen the volatility.

Japan has already accept bitcoin as a currency last April and I haven't heard about them complaining towards the volatility of bitcoin. And next in line is Australia. So I wonder how do you say that it limits the growth potential of bitcoin.
598  Economy / Economics / Re: Bitcoin prices rise high on: June 08, 2017, 04:36:41 PM
Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin

Is this the impact of rising bitcoin prices?


I believe it's a yes.

Who will not be attracted to something that raises in value over time, right? And to think that bitcoin's price do not just increase within days or months, but it also doubles it's price withing just months. How good is that for the eye of people right? With this type of mindset for bitcoin, people are engaging in bitcoin just to earn.
599  Economy / Economics / Re: Who will process transactions when we'll hit 21MBTC? on: June 08, 2017, 12:44:55 PM
A possible scenario if ever the last block of bitcoin was mined, the transactions are still handled by miners of course. However, since there are no more rewards for every block they mine, the best way for them to continue as miners is to add transaction fees. The only way they can have profit is from transaction fees so increasing it is inevitable. Another is by increasing the block size ever further, this way the miners can process more transactions, hence, more profit.
600  Bitcoin / Bitcoin Discussion / Re: What about rumors that bitcoin is going to die? on: June 08, 2017, 12:17:52 PM
Rumors are just rumors where most of them are baseless claims. Someone can easily spread rumors just post it numerous times on different forums and websiter and, poof!, we have a latest rumor circling the community. It is still best to neglect rumors without evidence to support the claims and in order to be safer, monitor every news and happenings, that will lead you worry-free.
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