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A big correction was reasonable. We are coming from a 80% increase, so its nothing in the big picture we are still doing great.
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At some point it will not needed to sold any coins since you will be able to buy anything you want with BTC directly without going to USD or EUR or any other fiat currency. 21 is a dream that few can achieve, will be invaluable in the future.
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Just keep pushing until you reach 21. Everyone wants to 21, so 21 must make you rich in the future. 21 is the magic number. If you think long term you will make it, if not you can never reach anything remarkable.
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The main point is that bitcoin unlike the fiat currencies has a cap for the total quantity that can be in circulation. This economic point of view is that it will become a scarce commodity and we all know what follows when something even slightly valuable becomes scarce, except for those still trapped in the stone age
That is right. As long as bitcoin becomes widely used, its price will rise eventually, in line with usage. There is a small possibility that it can happen but the chance is small because you have to know that the price of Bitcoin is now still rising so that is nice. But of course it is hard to know what will actually happen with the value of Bitcoin Yep, you can say that it is directly equivalent. The more people who use this, the higher value it gets. That has been proven in the history of bitcoin. When there are very few users, it was worth $0.01, it is $700 now. The price dropped again to $550. I think the price could stay around the $550 to 700 level for a few more months. We are back to 582 in bitstamp and it's rising now. I think the bottom was 540 and now is time to continue the rise. |
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I want to do some altcoin investments on bitfinex since those coins aren't available on other places, and now im scared due the recent events..
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I hope it keeps going down so I can buy more, otherwise there's no chance for 99% of people to ever reach the 21 bitcoin dream.
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Well, he would lose in court and I personally never received a "cease and desist letter." If it forks, it's the community that's forking it....he'd have to send everybody a "cease and desist." And, the intent of the contract is what will take precedence in a court and it was obviously not intended for the exploiter to steal all our funds. Maybe he'd get one count of wire fraud per investor frauded....He should take the profits from his ETH short and run before a hot curling iron introduces his butt hairs to a perm, IMHO!
How would he lose? He did avid by the rules of the DAO smart contract, he did not modify anything as far as I know, so being strict the definition of decentralized smart contract, he did not do anything illegal... very tricky scenario. |
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Vitalik Buterin made a thread on Reddit hours ago claiming that he wanted exchanges to stop all ETH trading from them. In Poloniex, I never saw this happening, when I checked the ETH was still getting traded.
So did trade stop at any time? withdraws stopped? anything?
The fact that Vitalik wanted this is scary enough tho.
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Bitcoin is safe from a lot of exploits and bugs since its not turin complete and script wise is very limited, satoshi did it this way in purpose so we would not have "surprises" like ETH had today.
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I don't care what the final outcome is, I have been put off from Ethereum due Vitalik Buterin behaviour about the whole mess. He wanted Poloniex to freeze all trading of ETH, that is insane! I will not be involved in ETH again, at least not long term...
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Yes, the more BTC I can get the better. since I am hre for the long term and short term gratification means nothing. If you want to get really rich, you better have a 10+ year mindset game or else you will never make it. So 10 years of Bitcoin salary would be a lot of money.
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Id sell them all and retire with over 20m in usd. That is enough money for me and my family to live forever.
You are implying that the dollar would not collapse in "forever". Sorry but people that are planning in selling 100% of his Bitcoin position ever are morons. You always have to have a certain % of hedge against fiat currencies in bitcoin or gold. |
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The only relatively safe in cryptocurrency is Bitcoin, everything else has several order of magnitude of increased risk compared to the original coin, but it can make you rich overnight as well.
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I give it a couple of weeks now. I think there will be several millions migrating to BTC as soon as they unblock ETH transactions on poloniex.
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Well, we are less than 50 dollars away and we have seen 778 hours ago, so we can definitely enter 800 territory in a matter of hours now.
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It belongs here, not the speculation section.I was always selling during this fake pump (you really never know when it ends) and will be more as it goes up and I'm not re-buying later even if price goes below $200. I won't regret even if it goes above $1000 someday when I sold two times cheaper. I think it was the last big pump we could ever see. Someone might say that "I lost faith" but there should be no faith, common sense should be. Let's be frankly. Banks/governments will never use Bitcoin. Instead they will create own scalable blockchains. Normal people will never use Bitcoin. They simply don't need it. This means that bitcoin won't go mainstream and price won't get that high. Just think how the US government/JP Morgan/BoFA will adapt a currency which majority of emission is held by some kids and cryptopunks. Also 1/21 of coins is held by some anon who calls himself "Satoshi". This is no serious. This is fucking ridiculous. Comparing bitcoin capitalization with gold's is fucking ridiculous, too. Gold has got history of thousands of years and a lot of applications. Meanwhile Bitcoin is just a virtual asset that's been known for about 7 years and has got very poor applications. What is worse is that bitcoin is not really scalable. Again. Comparing bitcoin capitalization with facebook's is even more ridiculous. Facebook is a large company that connects the entire planet. Holding Facebook stocks generates huge revenues. Meanwhile BTC is just a speculative virtual asset. Not scalable. Old. Always bloating. Not stable. It's even not decentralized! Also, such a risk as banning Bitcoin in many countries must be considered. First of all, in China. Chinese government is a totalitarian one and they will finally ban bitcoin if it becomes a problem for them. Just like here, in Russia. European Union will likely ban using of bitcoin someday "to stop ISIS/terrorism financing". The US is not the world. The rest are weak/poor/small countries. What about the upcoming block halving - price went down when the Litecoin halving happened. Expect the same when the Bitcoin's happens. Don't put into this hype or you will most likely be eaten by whales. This all doesn't mean the whole crypto scene is doomed. No, absolutely not. I'm sure we will see new much better truly decentralized applications in the near future that will dominate/replace bitcoin. And not just bitcoin. TLDR: Sell out your BTC; don't rebuy it. Invest in other blockchains. Also, don't get fooled by the "hodl" propaganda that makes you never get a profit while whales do because YOU buy&hold. Quoting for future reference, in case OP comes back to edit his thread. Last time he was around it was april 17th. I guess he is now feeling like a complete moron. Well, that's the destiny of every Bitcoin dumper ever. Buy and hold or cry later is a law now. |
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Its kind hard to know what is really going to happen in the future with Bitcoin and that is because the value of Bitcoin is always changing so that is really bad of course because you dont even know what will happen later in the future.
But there will be a chance that is can disappear because the value will go down or something.
Bitcoin is decentralized and the market is a true market. True free markets without intervention will be prone to ups and down, but the overall trend has always been UP. Everytime bitcoin crashed, it set a new floor. |
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In a lot of years, people will think that the people of the present that didn't buy 1 BTC when it was possible without being rich where complete idiots.
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1) Good news: Technology keeps getting better, Bitcoin gets improved.
2) Scarcity: It is becoming harder to own 1BTC, everyone with a brain wants one.
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