is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.
yes, it is my hope, bitcoin can be use to buying all comodities,I dont know when. The truth is no one really knows when that is going to happen, if it was up to me I would like to do that right now, I will like that bitcoin was accepted all over the world but it is still not going to happen so we need to be patient, one of the things that gets me hopeful that is going to happen is the lightning network when that happens bitcoin is going to be used as a currency once again and the transaction fees will be very cheap again. |
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In the style of ohter posters, I want to reserve myself this thread, which im sure will be eventually epic. I believe we'll see the $1,000,000 mark around 2030ish, and after that we'll go back to 6 figures, in which people will start creating threads like this one. Then after a while, we will go for all time high, and this thread will be very relevant, until then..
RESERVED.
Don't listen to OP. He doesn't know what he is talking about. He is clearly delusional, just trying to increase the value of his own bags. Baseless shilling I tell you! Bitcoin won't hit $1,000,000 until 2031, everyone knows that. LOL, It was really funny, I am posting as well in this thread to see if the prediction of the op becomes true I have my doubts it is going to happen that soon but bitcoin surprised me in the previous year, if you had told me that bitcoin will grow to 20000 in just a single year I would have said that was crazy and yet it happened, so we never know, we may reach 1 million dollars by 2030. |
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I'll admit, i'm also afraid of the collapse of bitcoin, but i still trust the ability of it. Due to the continued growth of population of bitcoin users, it can be so hard for some governments to break down cryptocurrency specially on bitcoin, because it's really useful to everyone and beside, bitcoin it self is really a good investment plan and it might give a more comfortable and a decent life for those who owned it.
If you take the time to look at bitcoin you will understand that there is no way this coin is going to fail, satoshi was a genius he created on his first try the most perfect currency that has ever been created, if bitcoin collapses then I do not see any other coin surviving and I'm not talking only about cryptocurrencies but even fiat as well, after all fiat is not backed by anything and it is not scarce. |
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The banning of cryptocurrency is just a talkative. But actually no Govt. has any role over its nor in the Bitcoin network. Maybe some of the strict regulations and tax policy will come in future but can't ban. If, banned the cryptocurrency then how they are accepting the Ripple as their remittance by more banks of India.
They have the power to ban whatever they want what it is going to be very difficult is to enforce that ban, however no matter how difficult it is if at some point they find a way to more easily track the transactions and the people behind them then you are going to get in trouble with the authorities of your country so keep an eye on the laws just in case a ban happens. |
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I really believe so. There are many articles where many personalities that have many experiences in the financial sector seeing bitcoin adoption in 5-10 years. Perhaps banks can slow it down but it will still happen.
The first decade in the life of bitcoin has been able to create a very solid base in which all the other development of bitcoin will happen I really think that in the next decade bitcoin will be adopted by a huge amount of people, it's not going to be easy because there are going to be many opponents that will want to avoid that but they lack the means to stop bitcoin and the people that want to adopt it. |
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Consider this : 1. You have invested money into Bitcoin in Jan 2017 and at the end of Dec 2017, the price increased by more than 800%. 2. You also invested the same amount of money at a Bank. < Interest vary between 3% to 10% > How many years have you gained by investing your money into Bitcoin, if you received more that 800% interest in one year? Doing some basic math on 800% divided by say %10 <if you are lucky to get that> = 80. So what do you think, was the best long-term strategy for a store of value? You only need 1 year with exceptional growth in Bitcoin's value to obliterate interest that you are getting from Banks and most other investments.  And that is only one year, can you imagine the profits those that have held for several years have? Those that could buy for a price below 100 dollars, while the previous year was extraordinary there is still a lot of profits to be had in bitcoin, probably the next bull market will come when the devs get the lightning network in a functional state and I will not be surprised to see bitcoin at 40000 dollars. I am very much sure that the ones who have planned of holding this bitcoin for some longer period of time will be the ones who will be getting sure that the ones who have planned of holding this bitcoin for some longer period of time will be the ones who will be getting profit more than anyone else. This is really a good plan to keep on holding your coins for longer period as this will give you a hope that the market value will keep o increasing most of the time. This is why holding is the best course of action, I know that for traders holding your coins and doing nothing with them may seem boring or even dumb but when you see the profits you can get and the very low risk that you are incurring for doing this then holding is a very easy choice and the best part about holding is that the longer you hold the better the profits. |
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Do you really trust chart analyst?lot of people predict bitcoin price with chart analyst.but i don't trust them.i think bitcoin price and other crypto price depend on supply,demand and NEWS.
Chart analysis works but it's limited many people think they can predict how the price is going to move every single second and that is simply not possible since there is a lot of factors as you describe that can modify the price especially the news because when a bad news comes regarding bitcoin we are very familiar with what will happen there is going to be panic and the price is going to crash. |
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Bitcoin just reached $16,920.50 with market cap $283 billion,
What would be the next Bitcoin target? $25k or $30k?
I expect it to reach more than 20k this year. Because I think it will start to rise again in ber months period and it will stay probably in 15-17k USD in 1st to second quarter of 2019. You're being too optimistic, the price is going to recover but to think that we can reach a price higher than the previous all time high in this year seems impossible to me, there are no any kind of signals that I can see that tells me that reaching that price is a possibility in such a short amount of time, some recovery is possible but not to that degree. |
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1.Buy low and sell high this is the basic rule you need to know in trading.
2.Never invest the amount that you can't afford to lose.
3.Be clear with what kind of trading you are going to do long term or day trading then pick the coins according to that.
4.Choose the best exchange and with low fee to earn more profits.
Buying low and selling high is not really a rule that is what we are expecting out of trading but if anything it show to us that very few people are able to do that, so we cannot describe that as a rule when only a minority of the traders are able to do that that is the big ideal we all have and aspire when we trade but it is one that is very difficult to reach. |
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Those countries that tried to create their own cryptocurrencies are likely to collect money from investors.
And after that their coin will be dumped and they will go to the usual money fiat system.
It's the reason why if a country will launch its own coin, investors will still choose bitcoin.
It is very unlikely that a country releasing their own cryptocurrency is going to require investors after all they are not a private corporation and even more importantly they have the printing machine they can print as much money as they want in order to impulse that cryptocurrency among the public, but make no mistake no cryptocurrency created by a government is ever going to be as good as bitcoin not because they cannot make one as good as bitcoin but because they do not want to do it. |
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$ 2000 is not much money. You should only invest in the altcoin and focus only on it. You should not invest in big altcoins like ETH, BTC. They will not increase your profits, and they will pose a lot of risk to you.
Invest in NEO or ICX. The altcoins are popular with traders and attract a lot of whales.
Yes it is a pretty good alternative to investing, as you say that investing in high value coin is not a good choice. We should be able to choose a coin that has a low price so that the opportunity to be able to gain greater profits. It is indeed very risky, but the choice is still on you is to be able to achieve good results. Buying coins that have a high value can not make us comfortable because we will only get a chance that is not too high. I believe in what you say and I also believe in the choices I make. This is interesting, just a few years ago 2000 will have been a good amount of money when bitcoin was valued at 200 you could have bought 10 bitcoins with that amount of money and you could have bought a bunch of ETH but now the prices are so high that now you need to use those 2000 to buy cheaper altcoins and hope for the best. |
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Leaving as it is, is always dangerous, investing in to crypto is already a big risks. If you are into earning, you should watch every update and be ready to sell it anymore. Don't settle your mindset that it will grow again anytime soon. There is no guarantee to thing statement. if you're planning on long time investment, better to act like you don't care with your coin cause it will really affect you.
it isnt dangerous but it is risky. I guess the word danger is slightly different to the word risky. we only use the word danger in a real world but in online world we oftenly use the word risky. anyways , holding alts is not risky based on my own opinion because the real risky is when you sell it or when you trade it. theres always a chance for every coins to recover , therfor holding or investing is pretty safe at all. The greatest risk in my opinion from altcoins does not come from the altcoins themselves it comes from your decision, what decision you may ask? The decision of which coin you are going to buy if you buy a good altcoin and you are patient then you are not really at risk you are going to earn money some way or another, but if you choose the wrong altcoin you are almost guaranteed to lose your money. |
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If private key is lost then your altcoins holding will also lost forever, that is very sad  , I don't hear this kind of problem before has been solve.  This is extremely common people do not have backups and then when they lose their wallet they have no way to recover it, it is my opinion that you shall have backups you should even have backups of the backups that way no matter what happens you are not going to lose your coins this is especially important if you're holding an important amount of bitcoins because you never know what kind of value bitcoin is going to reach in the future in a decade or two. |
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I still hope it happens, and most likely it will happen in the middle of the year. probably in May, or June. I know that the current decline in bitcoin prices gives rise to extraordinary panic. but, I think this is often the case with bitcoins.
There is panic in the market we cannot really deny that but at the same time I keep seeing predictions that simply do not make any kind of sense, this year is going to be a very rough year for bitcoin, to be honest this is nothing new if you look at the charts you will see that after a very good year bitcoin has a problem doing well in the next year, this means we cannot expect a great price increase in this year. |
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The current market corrections are making a better investor, well weeding out the panicky investors that do not do their research. The hype balloon has been pretty deflated lately, making it easier to find legitimate projects to come to the surface. To top it off i don't have to read "when moon! when lambo!" every time i open discord or telegram. I think those are huge benefits.
The market conditions are not going to make you a better investor, studying trading and the coin in which you want to invest will make you a better investor, what the current market is doing is shaking every single person with some holdings, those that are weak will get rid of their coins those that are strong will hold their coins or even better they will get even more coins. |
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Great chance to buy bitcoin more and more now, price has been roaming around 8600-8700 since yesterday, proof that its going up from now, no more going down.
I want to know on how many people here bought bitcoin when the price is around $8,600 - $8,700 and now the price is $11,200. So if you bought 1 or 2 bitcoin, you have earned enough and you can sell it today so that you can earn again and wait for the dip. This is why millionaires are becoming millionaires easily without any effort. Trading may seem easy but it is not, there are those that are able to pull great profits without too much effort but that is because they have great talent, skill and knowledge about how to market moves when other people see that they think that is like magic and that anyone can make that kind of money but that is simply not true this is why you see many newbies trying trading for the first time and losing all their money. That's right, going to trading industry without proper knowledge is a nonsense idea that will lead to lose of time and of course money. There is no guarantee of a profitable coin unless you have the luck and you fully researched about that coin. Trading is for those people who are willing to take the risk and ready to face whatever happen to the coin that they'll buy, and if you think you're one of them then go and try it on your own. Unfortunately this is something that happens very often, people think that predicting the way the market is going to move is going to be very easy but that is simply not the case I always think about trading the same way I think about the weather forecast, look at how despite the incredible amount of technology we posses it is impossible to predict accurately the weather for a particular day and the same is true for trading. |
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I don't believe in ethereum that can be triple its value in the end of this year. I think it is more likely possible to happen in bitcoin, but not in ethereum.
Bitcoin cash is gaining value if the price of bitcoin is growing.
Well if you can provide a proof where you read this maybe, I could believe you about ethereum.
There are many potential altcoin these days that can be possible to take ethereum position.
Well if the price of bitcoin tripled by the end of the year is very likely that ethereum will be close in fact is more likely that ethereum outperforms bitcoin since it has a lower market and that gives to it more chances to grow, this is similar to what's happened the last year bitcoin grew many times over but if I remember correctly ethereum grew even more at the end of the previous year. Ethereum has been a big help and one of the reason why bitcoin was going up, they compliment each other because of this. There is a prediction that ETH could be $6k by the end of the year that is why it is better to invest right now with these two coins before it reached the hit price this year. If you are going to invest this seems like the best opportunity do it if you want to make a significant amount of money, ETH is barely above 500 which is a ridiculously low price for the second best coin we have, so if you are really sure of your prediction then this could be the moment to put it all in and go for it, I'm not so sure ETH is going to reach the price you predict but I know it's going to grow in the next months. |
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It is very unlikely we are going to return to the mean, we can all recognize that bitcoin was in the middle of a bubble but the bubble did not began without a reason, the reason the price went up was because of the activation of segwit that in itself should rise the price of bitcoin a few thousand dollars at least so it is very unlikely we are going to see a price a 1000 once again.
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If we learn from our mistakes, what words of caution would you like to share.
There are many ways to go wrong in this market, probably the most common is to invest in a coin without really having any kind of knowledge about it, it can be a huge problem especially since many people are hoping to get huge profits early and without too much effort when in most of the cases the ones that get the most out of their coins are the ones that hold for a long time. |
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