according to public's point of view or perception there is big value of bitcoin currency in different sector. because of its popularity people has positive reaction for any creation or innovation instead of any banking system. in online currency transaction has no negative reaction without few hackers. online skilled or proficient and creative staffs depends on virtual currency like bitcoins. a statistical observation online payment system are more effective by the help of elctrocurrency or virtual currency than other banking system. so without doubt we can understand the actual price of bitcoin at present situation and we do not need any specific definition.
Defining bitcoin price involves a lot of speculation and I'd even venture to say it has to deal with a lot of unique opinions that we don't know will be right or not. If I had to describe bitcoin in a word, it would be volatile (just going off the price). I think the biggest say in the price comes from whether or not people believe bitcoin has a future and if whales are in support of it. If people do believe it has a future, more people put money into it. If whales like the opportunity that they're getting at a price, they put more money in. |
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What are you referring too? When did bitcoin drop 30% recently?
on Monday morning the bitcoine rate fell to $ 5,605, which is 29% lower than the historic maximum at $ 7882 recorded on November 8. By November 10, the fall was already $ 1000 from this mark, and over the weekend it increased. People pumping BCH and pulling out of BTC when they realized they wouldn't get anything from the fork that was supposed to happen. To be fair, bitcoin was bubbling up leading up to the fork, which was expected. It was also expected that it would drop. However, the BCH pump was very short lived. It's dropped a lot from its ath and bitcoin is climbing back steadily to where it was before. People who bought at around 6000 profited a lot. |
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As others here have said, there'll only ever be 21m coins that can be mined. Considering that there are probably a lot of satoshis there forgotten in unclaimed web faucets from the time those were still viable (they require a minimum to cash out), the actual amount might be smaller.
By the time we ever get to that though, the price would probably already be too high that a few satoshis would be enough for transactions.
I can only assume that at that point, people looking for every single bit of money they can get will cause a little bit of a shitshow. Even though there is a max amount of coins that can be mined, there are multiple possibilities of what could happen in the future. If bitcoin actually ends up failing, it's very possible that another altcoin will come up and take its place. Otherwise, if we see bitcoin rising like crazy, transactions would probably be much smaller in bitcoin amounts, and at that point, it's very likely that bitcoin would be sustained well. |
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Hi, everybody. Could you answer me?
Why my blockchain address changed again?
What do you mean by your blockchain address changed? Generally (at least for most wallets nowadays), when you're using a wallet, you get a generated address that is what people have to send to. If you mean your means of logging in changed it's possible that someone else is using your account. Make sure to follow all recommended security protocols. |
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Hello Everyone, I need your help! I have been doing research on what hardware to buy to mine Ether and Bitcoin. I'm investing my life savings so this is really serious for me so if you can help it would mean alot. I have alot of space for equipment so that wont be a problem. I need help figuring out what equipment to buy for ether and bitcoin minning, and how much it will cost me? Any advice will be much appreciated. Thank you  Why not do more research into stocks and put your money into there? If I was working with my life savings, I would want to put my money into a system with less volatility. Bitcoin and altcoins are fairly volatile; they're not a game to be playing around with when you put the upwards of your life savings into. If you do some good research into stocks, you might be able to make a safer long term profit. |
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Let me know what your thinking?
You might want to move this thread to the speculation section. It seems like you're asking more about the price than anything else. In my opinion, I think bitcoin has a strong future coming up in 2018 due to the support of crypto coming out from larger tech companies and the expansion of blockchain technology. Earlier this month, amazon was found purchasing some crypto domains, which I believe boosted the price back then too. However, once they actually implement some form of payments as cyrptocurrencies, there will be a flood of support from other companies as well to keep up with competition. |
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I'm currently selling some great domains, but if they don't sell I want to monetize them myself.
1. freebitcoins.cc
I was thinking of making this a bitcoin faucet website and display ads or make visitors watch videos to earn satoshis. Is this still profitable for the faucet hosts or is there even interest from consumers? I am open to other ideas for monetizing it, I need some suggestions. I've never done anything for bitcoin, so looking for advice from experienced people.
2. btc.help
This could be a plethora of things. I was mainly thinking about overall information that will be easy for new people to bitcoin to understand and maybe some basic tools.
I've heard that faucets aren't too profitable anymore. I'd suggest you stay away from the idea. There's a lot of faucets out already and I highly doubt people are using them in large scales. The amount that you get from a faucet (in perspective of the user) is just too little to make sense of. The btc.help is a great domain. You could use it to put information about different bitcoin services across the web. If you really want to monetize off it, a donate button wouldn't hurt. You could also run ads on your site for that extra push. |
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Have you tried dropping it into a transaction accelerator? That should help out with the confirmation, especially if you put too little as the fee for sending the amount. Did you use a custom fee when you were sending? If you did and you tried to use the same fees that you used some time in the past, you should note that the fees range with how many transactions need to be confirmed, how many other people are sending confirmations, what the current fee is, etc. |
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Bitcoin Cash and chinese miners.
A lot of people panicked due these rumors about BCH replace bitcoin.
Nah, it was just Ver and his whales dumping the coins at cheap price. Yeah, I agree with this one. He pumped up the price so much and everyone followed. They all pushed their money into BCH, BCH hits like 1,900. Now, it's just down at 1300 after a significant drop after the dump. I don't know why people get so scared about bitcoin. I understand the volatility and whatnot makes people uncertain, but they should really look into long term instead of shorting and short term investments.... |
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Anything with a lower market cap is easier to manipulate. This is true too in the penny stock market. Enter with buy and sell limits and protect yourself. Otherwise sharks will be waiting to hose you.
Yeah, I was thinking exactly about a correlation to the penny stock market. People need to be a bit more concerned with where the pump is going though. A pump too strong will carry people away and when those whales pull out, everyone's stuck in a weird limbo with the price dropping. Honestly, I don't think people should really get into altcoin pump and dumps as well as penny stocks because there's no security for you and you can get carried away so quickly. |
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I've noticed something alarming about this BCH influenced BTC crash/correction
Has anyone noticed that the very rapid drop and resultant rebound didn't get the chance to actually test support at $5k? I can't help but think that this might be a deliberate attempt of Roger Ver and co, to ensure that Bitcoin then carries on up to new all time highs, having not tested support since $1300. They'll back off now, and let the BTC community think that BCH has failed, ensuring that $5k doesn't get properly tested.
This might result in an inevitable retrace/crash back to $1300, which would be when he could pump BCH again to cause a real 'flipenning'.
So basically, PLEASE SELL!!
I'm not sure what you mean with the second paragraph. Are you saying that it's dangerous because we haven't seen what the support at 5000 is? That shouldn't really matter if the support is so strong at 6000 right? Because in order to get to 5000, we need to reach 6000 first, considering we're coming from the top down. I'd only assume that more people would try to buy when a drop comes down to 5000. |
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In the last one month, bitcoin have lost about $1,000 dollars in value. I understand that the fall is connected to the cancellation of Segwit2x hard fork. What I want to find answer to is how long the fall will continue and what would save it from the continuous fall. Your inputs would be appreciated.
Seems like the short term fall has come to an end for now. We rebounded right at 6000, as expected. People decided a while back that buying at 6000 would be a good idea, which seems like it helped us get out of that rut. For now, I don't think we'll see any more strong drops in bitcoin but we won't see super strong rises either. I think we'll have a bit more of a steady rise. |
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Actually, we did not need BCC. We need fast and reliable transactions. At the moment, the usage of BCC is not related to the purpose of BCC. I do not think BCC will be a long life.
BCC literally got pumped only because there wasn't the fork and people saw that the price of BCH was going up bit by bit, so they threw all their money into that can. It was literally manipulation, and the same manipulation happens for BTC as well, albeit on a larger scale. The rise in BCC price doesn't really relate to its lifespan, it was moreso the fact that people were trying to get quick money. |
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Cells 7047267529.
Will NOT send first.
It is physical and cash paid but I lost reciept.
If you find the receipt, I'll buy it for $30 btc let me know if you do. It's gone man lol MIA Really? You're going to say that you bought it and have a reciept but then say you lost it to make this seem like more of a "real deal?" To anyone thinking about dealing with this person, USE AN ESCROW. There is no reason to deal with a member account who says that you need to go first with such an emphasis. |
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Personally, I would love this. It would be amazing if an employer gave the option to pay wages in crypto currencies, of the employee's choice. Tax could be deducted before the payment, and it would almost eradicate the need for banks. However, there is that possible risk of the crypto crashing.
Is there a foolproof way to be paid in crypto?
I personally think that getting paid for real life work in crypto would be horrendous as of now. Sure, there are benefits, however, there aren't as many places that accept bitcoin itself as a currency. Furthermore, the volatility is something that could get in the way of your actual earnings. People like to put a percentage of what they earn into their investments rather than their entire portfolio. Think of if someone gets paid in bitcoin when it's at 7,800 as it was 2 days ago. Now, for every 1 bitcoin, they would have lost a little over a 1000 per coin. It's too volatile to work. |
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Sometime in the future the "Greens" will object loudly to Bitcoin's energy consumption. Does anyone think the voices will get so loud, POW for Bitcoin will be a controversy?
This is one of Bitcoin's weak spots in the public opinion arena. Does anyone think somewhere down the road POW might be changed?
People have been finding creative ways to get around the high energy usage and heat output. For example, in the future, we could see more areas using the miners in order to heat up smaller spaces. https://news.bitcoin.com/siberians-use-cryptocurrency-miners-heat-homes/I saw this article recently and it intrigued me how this man was using the miners to heat up a house. It's very possible that this could be a solution that allows for both parties to come to some kind of consensus about bitcoin mining. Yea , I heat our home with a small mining farm. I typically upgrade equipment at the end of summer. I am in the southern hemisphere so around March. It just makes a whole lot of sense to do this. On the other hand POS makes a lot of sense too. That's very cool! How sustainable is it? Does it actually work in terms of heating your home? I've had thoughts about this, but it seems like it makes more sense in areas that are much colder in the winter. It rarely snows here; there isn't much to justify me buying a load of equipment in the name of saving on my heat bills. |
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Will it pop?Off course it will pop.
Pop implies it'll never come back. Once a bubble pops it's gone forever. You don't believe in Bitcoin? Will there be down days, weeks, months, or years? Yes. Will bitcoin cease to exist? No. It's not a bubble. I guess when it comes to your form of defining a bubble, Bitcoin could be an exclusion. Normally we see one big bubble and then a pop and whatever it is is gone forever (looking back at the 90s dot come rise and fall). However, with bitcoin, there are small bubbles and then they are "popped" but there almost always has been a strong rebound after that stops the coin from continuing to fall. That rebound comes from people who are buying right as the price goes lower to where they want to buy at. Bitcoin is just a bit of an anomaly and doesn't really match up with things we've seen before. |
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I have already invested a bit over $ 4,000 in btc and I am going to invest every week as follows! Every friday if the price is less
< 9,000 im buying $100 worth
< 8,000 buying $200 worth
< 7,000 buying $300
< 6,000 buying $400
< 5,000 buying $500
< 4,000 buying $600
< 3,000 buying $700
going to do this for a year and see what happens, all of it coming from the friendly casino!!! Good Luck to All
This is interesting and if everyone followed some type of system like the one you pose here, there would probably be very strong rebounds whenever bitcoin bursts. This would assure some type of safety, which could end up combating a lot of the negatives especially in terms of the volatility. The only drawback is that you would need enough and be comfortable enough to keep putting money into this situation. |
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Is the Blockchain a perfect solution? Is it flawed? Please Comment below !
Blockchain is a good spin off to a common thing that people have not really tried to change over the past years -- the currency system. Blockchain technology offers a pretty simplistic and community based approach to currency, and even though it's a good solution, it has its flaws. Another thing to note is that blockchain isn't just bitcoin, it's a new technology that people can use for transactions and more. |
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bitcoin price only depend on Demand and supply not Altcoins
you can effect of price if you ave big amount of BTC
I agree with this user. I guess to clarify a bit more, if there is a strong demand for altcoins, that means that people are choosing to put their money into those altcoins and they aren't demanding for Bitcoin. This means that Bitcoin would have, in the posed situation, less demand and thus the price would start lowering slowly. For the most part, we haven't really seen altcoins have a lot more demand than Bitcoin until now, to be honest. |
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