HI Irfan,

The one month period is going to be expired tomorrow for me. I see that the campaign is temporarily paused. What will happen to my payment?

Thanks a lot for this info. I have now updated the correct link.

Thread updated with a new twitter campaign details. Happy earning folks!

The may be possible or may not be. No one knows for sure. To reach that price point, the bitcoin market cap should be somewhere to close 7.5k billion USD. The current market cap of bitcoin is 110 billion USD. So the current market cap needs to be 7500 billion USD for the bitcoin price to reach $500k mark. I believe, that is not going to happen in three years. This exponential growth will need support from organized financial market as well as form the governments. If we see some economically strong countries legalizing bitcoin, then it can be possible but otherwise not.

I have found a very interesting tool to calculate bitcoin's price based on its market cap. Try it for yourself to know the prediction.

http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html

The CME group has just though about introducing bitcoin futures contract whose price will be derived from bitcoin as an underlying asset. However, I am not sure how far they have reached till date. There is also no indication from their website that they have applied for the necessary licenses or not. So it is just a news and the crypto community is anticipating that the launch will be soon. But we don't yet have any solid proof that CME group is certainly going to introduce the product, That may get cancelled midway.

Like any other stocks, bitcoin also has a price trend.  a very close monitoring over a longer period of time can reveal the trend to you. Actually no one is sure about what will happen after the fork. That is why they are called speculators. They can just guess the price movements using their intuition and experience. It may or may not be true always. I too believe that the price is going down a little after the fork because bitcoin will loose some of its market cap. However, if there is a pump scenario happening soon after, that may go up as well. So can't tell anything for sure.

I won't entirely say that bitcoin is better than any other conventional investment asset. Probably it has outrun any other investment asset in terms of growth and return but it is risky as well. Bitcoin price is very dynamic and can fluctuate from one end to another in no time. So if anyone is looking for a safe investment option for capital protection, bitcoin is not a good and wise choice for him.

Instead bitcoin is a best fit for aggressive investors who are willing and also capable to handle losses. Today bitcoin is riding high positivity and hence we are seeing this exponential growth of bitcoin price. It may happen in future, that all governments ban bitcoin and declares it illegal. The price will automatically go down to the lowest possible level. So bitcoin can definitely provide higher return than any other conventional investment but may not be the best choice for everyone.

I strongly condemn the attempt of comparing bitcoin with drug and arms profit. Drugs and Arms dealers are the enemy of the society because they sell such a product which can ruin anyone's life. On the other hand bitcoin is truly a blessing to many people who are living a decent life and earning a decent income just because of bitcoin. Drugs and Arms are no match with bitcoin and should never be compared. It can however be compared with real estate investment because real estate investment is a legal one and doesn't really ruin anyone's life. Please don't compare or attach bitcoin with any negative things going forward.  

ICO is a very controversial way to raise money and a majority of the ICOs are not trusted. I have seen many ICOs raised funds from the market but didn't deliver the final product which was promised at the initial stage of the ICO. So I strongly believe that ICOs need to be regulated big time. Otherwise, the crypto market will loose its reputation to a handful of scammers.

I believe, a proper license and regulation will bring back the trust in ICO market and more investment will flow in to it. Having new idea is a good thing and raising fund for any idea is a welcoming move. The the company should also maintain their integrity which is currently lacking. So even if License is not mandatory for many countries, but it is a good to have thing. 

Credit Suisse is a big name in organized financial market and bitcoin definitely is a threat to their business. 100 billions of USD, which should have been routed through their banking channel, has been en-routed to bitcoin. SO they will try to discourage people from investing in bitcoin. The more people will be discouraged by their statement, the more money the organized financial sector will receive for investing in real-world instruments. So talking foul about bitcoin is a business strategy for them.

I have seen a lot of people have been calling bitcoin a speculative bubble. I total agree with that because that is what is unique about bitcoin and pushes the value for it. It's more like Crude Oil. This oil doesn't have a value, but it has many uses which decides its value in the market. Same goes with bitcoin, bitcoin doesn't have a value. But the speculators pay a price for it for the sake of investment. It's high time that we start ignoring these smart bankers. 

There is no easy way for bitcoin to get legal status worldwide. Because bitcoin is not structurally built for that. While the economy runs on the idea of centralization, bitcoin is decentralized. That's the basic factor for bitcoin which may not be accepted by many countries. Also banks and organized financial institutions have already started seeing bitcoin as a big threat to their business. So the governments will receive a huge pressure from them not to make bitcoin legal. That's another bottleneck.

Instead governments can issue a separate tax ID for the bitcoin users in their country. Whose transactions will be tracked and can be taxed according to their revenue. This move can make bitcoin legal in many countries. I am sure a lot of people like me will not mind paying tax on the bitcoin revenue and get a legal status in return.

Do you have any source of this news? because I didn't come across any such news recently. What kind of penalization you are referring here? Please explain. Banks will stand against bitcoin because it is hurting their business big time. But at most they can pass false statements about bitcoin to discourage people from holding it. Or they can block the account of a known bitcoin trader. But they can't stop bitcoin transactions in their country. So a little more details will help us to analyze this situation in a better and more meaningful way.

This is majorly known as "arbitraging" in the common stock market language. Can you please post a picture of your flow chart here in the thread instead of providing the link? I am very serious about my computer's security and hence I don't usually use outside link from my browser. If you post it here, it will be more convenient for us to know more about your thinking. I arbitrate a lot of time, but I mostly use ETH for that which offers near instant transfers.  Bitcoin's confirmation time and higher fees are not anymore profitable for arbitraging unless you are betting a big amount.

I believe this parabolic growth in coinbase users happened after they announced they are going to support 2x and their users will receive free 2x in 1:1 ratio. Coinbase didn't support the previous two forks and they were loosing a lot of customers due to that. Because who doesn't like free money anyway? I myself moved a good amount of bitcoin from my blockchain wallet to electrum just to receive free BCH and BTG. Then sold it as per the market price. No investment, no risk, it was just free money for me. I am sure coinbase was also facing the same heat and loosing customers rapidly.

So their stand to support segwit2X helped them to gain that much accounts because a lot of investors are investing heavily in bitcoin before the fork just to get the free money. That is the reason we are seeing this outstanding growth of bitcoin price. No other thing fueled that growth I believe. Even though coinbase doesn't allow users to access their private key, but online wallet provides convenience. COinbase is an old player so a lot of people trusted their email and opened accounts to receive bitcoin2x after 16th November fork.

Amazon can certainly do that but I am sure they will first try to implement it for a testing period to know how it is going and then they will go ahead with full integration for all countries. The major challenge for them will be the price dynamics. They will have to use a price ticker to start using bitcoin as a payment option for their website because the price of bitcoin is not stable at all. So the product price in bitcoin will have to be dynamic unless they want to make a loss in every transaction. 

If the current government bans bitcoin in India, that will be the end of the current government. Because the government has failed big time to address our basic needs and invests money in to building big statues and bullet trains. They have also failed miserably to provide job security to the youth of the country. A majority of the bitcoin users are young age people who are earning a decent income and a decent life using their earnings from bitcoin and related activities. That's a blessing to the government that they are not looking for a job. Otherwise it will worsen India's already over crowded job market. So I doubt that Modi government will take such step. But if they take any such steps, they are going to be dumped by the youth in the next election.

 

I won't be surprised if the price falls post fork on November 16th. Segwit 2X is supported by some big communities and big companies like coinbase. Which already increased the acceptability of 2X among the market. That is probably the reason why more people are buying bitcoin to get free 2X at 1:1 ration. After the chain splits, a lot of people probably going to dump big amounts of bitcoins and 2X as well. So we can expect a price dip after fork. But I am also sure that the price dip will not be significant. Because we have started receiving some great news from big corporate like CME group and Iran government. It's time to become serious about bitcoin.

Price wise ETH is somewhat stable and very very lower than bitcoin. Which makes ETH a bad choice for speculative traders. But the market dynamics of bitcoin makes it an excellent choice for the traders as well as for the long term investors. But you need to understand that ETH is made for a different purpose. I look ETH as a platform which can create tokens and smart contracts using ETH as an underlying asset, which bitcoin can't make. Where as bitcoin is more inclined towards a decentralized currency, ETH is a decentralized platform. So both can't be compared. But yes, price wise ETH is more stable than bitcoin, because bitcoin has a lot of potential left and the price rise has just started.

To explain bitcoin fork to you a person will have to write down a lot of theory here. However, you can just search youtube and a lot of videos are available which explains the fork very nicely.

https://www.youtube.com/watch?v=F58CGqlPhJI

Check this above mentioned video and I hope you will get all the necessary information from here.

I really don't know much technical nitty-gritties of bitcoin and SegWit 2X, but I am sure 2x will not fail miserably like bitcoin gold. But I don't expect the price of 2X and bitcoin will be same in any way. But it only can higher than bitcoin cash because there are some big names of crypto currency market supporting this fork. So the acceptability of 2X will be higher than bitcoin cash or gold, so you can expect a better price in the market for 2X. But certainly can't match with bitcoin. Because father always remains father.