That is the point. Bitcoin was very promising to be the currency for all and not only the rich, but with the rising fees we can forget about it. Bitcoin is still a nice technology and for big amounts still good enough, but i see it more as an store of value then a daily based currency. The fact, that we have the technology to do micro transaction for almost no fees leads me to the believe that another cryptocurrency will come along and claim that sector. I think it is very likely to see Bitcoin being used for big transactions and some altcoin for micro transactions and daily use for smaller stuff. You can see it as pocket money if you will. And as long as the fees stay low it will be heavily used by the poor. The best part seems to be that once people are familiar with the whole cryptocurrencies and realise that you can change and do not have to stay forever with one. So if the people decide the fees are getting to high, they can just switch to the next one. This might bring the negative aspect of having a couple smaller cryptos which can be seen as inconvenience, but bring the positive aspects of a free market and competition, that would provide low costs and innovation.
Correct, there are enough alternatives that people can make use of in the crypto world. Same basically goes up for people that complain about Bitcoin not offering anon features while Bitcoin has never been a fully anonymous currency, and probably will never be. Nothing prevents them from diving into Monero for their privacy minded transactions, but instead, they blame Bitcoin. I have to note that fiat related payment platforms get better and better, where payments come through instantly without any fees, etc. In local stores it doesn't really make sense to use of crypto to pay for things since fiat does the job pretty well. That's why I don't understand why certain people think that Bitcoin can greatly help people in poor countries as currency. It's pure nonsense. |
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There are many people who filled their btc bags from 750$'s after the most recent dumpfest. Some of them will eventually dump their bags and enjoy their profits, which means there might be another dump session ahead.
Skyrocketing is over now. No more fuel left. From now on, its the same old pump&dump game.
It depends. If you look closely, then a few dumps have attempted to get the price to go down, but the opposite happened. If the market keeps moving as it is doing right now, then I wouldn't be surprised if we see +$1100 prices next week. But then again, how long will the market be able to sustain +$1100 prices. For some reason people don't feel very comfortable at +$1000 levels. It needs time to get people to feel comfortable. As long as that doesn't happen, then for sure the $1000 level isn't safe. Either way, if you just keep holding your coins then you'll find out what will happen. |
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Don't forget that current situation is just the beginning as throughout the years pools will more and more depend on income through fees. People will just have to shift priority. If you for example transfer $1000 from one place to another nearly instantly, then it's definitely worth to include $0.50-$1 in fees. But if you buy a drink somewhere for $1.5 and you include a fee of like $0.50, then obviously it doesn't make much sense to use Bitcoin as preferred currency. Current situation shouldn't be that surprising as you could have seen this become reality years ago. People just have to adapt to the situation and realize Bitcoin is not a micro transacting tool anymore, unless you're willing to pay for it.
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Of course not. I am not a greedy money hunter that does invest into something when I know it's an obvious scam. First reason is because I don't want to support any scammers, and second, I don't want to contribute to people getting scammed as investing in their scam allows them to operate longer since money is coming in, and thus they will be able to victimize more people. That's why I find people investing in obvious scams are equally as bad as the operators themselves. If all people simply avoid putting their hard earned cash into these scams, they will eventually dry out and completely vanish.
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I select the bitcoin, current investment bitcoin is the most profitable because it can get up to 30% in 1 month. It may seem absurd, but I've proven. I see gold is stagnan and not profitable in a last year.
It's not absurd at all, but at the same time you also have to look at the potential negative sides of an investment, because there is no way you will always be able to generate such returns. If you purely look at the Gold price from an investor's point of view, then last year wasn't particularly a good year. But if you look at it from a trader's point of view, then there were defintely some decent money making opportunities. It all depends on the moment you enter the leave the market. |
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I would like to differ things a bit as there are delays when it comes to bitcoin and recently the delays are increasing while sending and receiving coins
Slow confirming transactions happen because people don't look at how the network is operating. I am not sure about other wallet clients, but Bitcoin Core gives you recommendations when it comes to including proper fees. If you just adapt to the situation where you include proper fees with your transactions, then all your transactions will confirm within 2 blocks. Just don't be stingy as it won't do you anything good - time is money, and money is time. |
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I don't particularly disagree with that
On the other hand, though, I don't see how Bitcoin ETFs would be much more reliable. They can in fact be more reliable due to government (SEC) regulation, which will likely prevent them from outright scamming (again, this is debatable), but we should not forget that Bitcoin remains the same Bitcoin even if it is operated by a regulated entity. Government regulation doesn't avert the devastating consequences of technical incompetence and lack of expertise in regard to, for example, security issues. In other words, bitcoins can still be stolen from these ETFs just like they get stolen from elsewhere
Well, due to them being subject to heavy governmental supervision, where they have to comply with all kinds of strict policies/laws, it will be much more difficult compared to how things are being run on today's exchanges. It's literally a joke how easy it is for operators of current major exchanges to squander a few million $$ worth of coins without someone ever noticing. That being said, if I have a look at the Winklevoss ETF details, then it doesn't offer any insurance against whatever scenario. But that's more due to the fact that insurers are lacking knowledge on how to insure digital assets properly. End result, you're right, theft will still be an when it comes to Bitcoin related ETF's. |
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Then, bitcoin can't develop even farther to mass adoption, that will be ridiculous if someone wants to send/pay a cup of coffee worth $5 and he has to pay another $5. I agree that bitcoin fees shouldn't be higher than $0.1 or $1 depends on how much the transaction.
Anyway, we should add suitable fee for every transaction as wallet platforms already estimate it.
Bitcoin will surely be able to grow and possibly enjoy mass adoption, but not so much in the aspect of spending your coins on certain goods. Bitcoin's growth will come from people being interested in the store of value aspect, investment aspect, money transfer aspect, fact that people can anjoy financial freedom, etc. I think these features are more than enough to attract the attention of plenty of people in the coming years. As it is right now there is indeed no other option than to include proper fees with all our transactions. If certain people are really that stingy, then depending on the priority of getting their transaction confirmed, they could include a lower fee. |
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That explains the massive red candle earlier today at Chinese exchanges. At this point I can't see any more severe regulations being put to action when it comes to Chinese exchanges. I think it will give people confidence that these exchanges are subject to investigations as these exchanges weren't really trustworthy when it came to their volumes and massive amounts of manipulation across all major exchanges. I wouldn't be surprised if the PBOC is chasing down on the market movers a.k.a manipulators that were responsible for all the manipulation we have been experiencing in the last years.
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maybe they are thinking that bitcoin is like a scam, or probably lack of knowledge about in bitcoin don't know anything about the features of it. but the truth was it is reversible or opposite of their thinking.
Lack of knowledge is indeed one of the main factors as to why people don't see anything in Bitcoin. No matter how many times I explain Bitcoin in easy to understand details to people around me, they for some reason can't get the idea out of their minds that Bitcoin is a likely pyramid scheme. I know the media has a lot influence on these people, but still, they should do their own bit of research before taking everything the media says for granted. These people are nothing more than sheeps blindly following the public opinion. It's pathetic. |
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We should understand that many ETFs are used by the so-called passive investors (which may include, for example, pension funds), but I don't think many folks will be quite happy to find out that their savings were poured into Bitcoin. Let's remain realists, Bitcoin is still mostly a marginal asset, highly speculative and volatile. If Bitcoin ETFs are allowed it will likely cause another Bitcoin bubble to swell up, which will only make the price even more volatile (when it first swells and then pops) Volatility will always remain an 'issue' in a free market as Bitcoin, but these ETF are probably (at this point) the only decent entry point for institutional investors as there is no way they will sign up at the current incompetent exchanges with all their flaws and hack drama. These investors need a serious platform that they can use to safely take a large position in Bitcoin if they so wish. That being said, due to the high level of government interference pension funds at this point can't jump into Bitcoin even though they want to do so themselves. But at least ETF's offer serious investors a secure way of entering Bitcoin, that's what I consider to be a major plus. Current exchanges need to be put offside. |
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If the forum staff really wanted reduce spam they would hire more moderators.
Hiring more moderators isn't directly needed, but more an already existing highly active staff member to get promoted to global moderator to deal with everything. Still, low quality threads don't get removed or moved to off-topic, threads that belong elsewhere still remain in the Bitcoin discussion section, etc. They could also give Lauda a warning or suspend him instead of kicking out permanently.
Yup. Lauda was most likely touching sensitive spots by being so active and anti farming/spam, that something was needed to get him demoted. |
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Bitcoin is the best and good investment now because it is nonstop from getting high price and you can buy many bitcoins as you want and hold it for long days or months and get profit easily without hardwork but if you want a fast profit you can do trading but it has risk, holding btc has no rish because of popularity of bitcoiuns nowadays.
Holding Bitcoin is the lowest possible risky form of investing in the crypto world, but that doesn't mean you are guaranteed to make profit. Most important thing is to enter and leave the market at the right time. Exactly that is something a lot people here struggle with, where quite often it results in these people buying or selling their coins in blind panic at the time the market starts shaking. Also don't rule out a potential bear market that might suppress the price for a year or more. Every scenario should be in your mind when you invest your hard earned cash into something. |
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Excellent article With so many potential catalysts in Bitcoin’s favor, it’s not surprising that many in the know maintain a bullish Bitcoin price prediction in 2017. Among the more optimistic prognosticators, Bitcoin hedge fund manager Daniel Masters predicts that Bitcoin will hit $4,400.00 by the end of 2017, as adoptions continue to increase and more companies accept it as payment. It is not impossible if it is in the next years, but reach $4.400.00 this year? I find it very difficult. I'd rather be more cautious when it comes to making Bitcoin price prediction Article indeed offers a good read compared to all other formal articles. But reaching any price above $2000 is highly unlikely this year. Especially when you consider that we first need to make sure we can maintain the $1000 level for a good while. People from whatever level making such predictions just show that they either try to make people buy as they might take that prediction for granted, or he simply doesn't know how the market works. I personally think the first option is the case. People with common sense will look right through it. Except you seem very uneducated on why BTC fell to begin with.  I am probably even more uneducated as I can't really follow you? What has your post to do with my post that was directed at the poster I quoted? |
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For me no. Because the price on bitcoin is still increasing so It is worth to wait for now and watch the growth of bitcoin than trading so, I would like to suggest that just wait for now because the price is not stable so it is risky to trade for now but you can earn a little bit large of money by waiting because the price of bitcoin is still pumping and pumping. For me the trade for now is quietly not the season but for halving of bitcoin is season for now so just wait until the price will get stable.
Volatility is exactly what traders are looking for, so it doesn't make any sense that they wait till the price stabilizes again. Risk is always involved when it comes to Bitcoin, so that doesn't change much in this regard. Traders with enough experience know exactly how to handle the market, where they are able to catch up accidental losses without much problems with the profits they made before that. It's called collateral damage, because no matter how skilled/experienced you are as trader, it's impossible to only make profitable trades. |
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Yes there are ways to have a multiple source of income to make more money and one is through bitcoin. You ca join signature campaign,trading,gambling though i can't recommended this one,crypto mining etc Also you can have your regular job, buy and sell of different stuff,sell insurance,plant vegetables and sell,join direct selling business etc. As long as you are industrious, there many opportunities. Do not be lazy,opportunity is just around the corner.
It's pointless to name up gambling as being an option to make money. Gambling has only turned out to be a make the casino owner rich tool. The far majority of the people only lose their hard earned cash with gambling. And if they do happen to win at some point, then this win by far won't be able to cover losses suffered before that. That's why I can't understand that no matter how many losses people suffer, they still go back to the online casinos to try out their luck. It's either people becoming an addict, or they already are addicted. Another thing, you can't recommend people to do crypto mining, but you do advice them to gamble? Hmmm... |
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Average time between blocks is 10 minutes but I've known it to take over 1 hour on occasions. 40 minutes is longer than normal but not unheard of.
Do you have a transaction waiting to be confirmed?
Ah yes  been 24 hours, but that's because of lower than normal fee (apparently Electrum had set it as default?) In quite some cases this ViaBTC accelerator can turn out to be a welcome help for non confirming transactions https://www.viabtc.com/tools/txaccelerator/ Just enter your transaction ID and fill in the captcha, and you're good to go. |
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This is already the 8th straight day that bitcoin's price has increased. Maybe it is about time to sell before it starts to dip once again. This is definitely unsustainable and at some point, those who want to take profits are going to sell in tranches.
It's not that the price has gone up dramatically where you can justify cashing out before the price starts tanking again. It's somewhat of a normal market movement that we are seeing now. It might very well go back down like $30 in the coming days, but is that really worth cashing out for? I don't think so. Better just keep holding to see where the price will be heading to. I am sure that most people don't want to risk selling coins for such an insigificant profit, where the result might be that they miss out when the price happens to increase further. But hey, if you think that selling is the best option, then go for it. |
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Excellent article With so many potential catalysts in Bitcoin’s favor, it’s not surprising that many in the know maintain a bullish Bitcoin price prediction in 2017. Among the more optimistic prognosticators, Bitcoin hedge fund manager Daniel Masters predicts that Bitcoin will hit $4,400.00 by the end of 2017, as adoptions continue to increase and more companies accept it as payment. It is not impossible if it is in the next years, but reach $4.400.00 this year? I find it very difficult. I'd rather be more cautious when it comes to making Bitcoin price prediction Article indeed offers a good read compared to all other formal articles. But reaching any price above $2000 is highly unlikely this year. Especially when you consider that we first need to make sure we can maintain the $1000 level for a good while. People from whatever level making such predictions just show that they either try to make people buy as they might take that prediction for granted, or he simply doesn't know how the market works. I personally think the first option is the case. People with common sense will look right through it. |
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There is also other means to invest Bitcoin, like investing in Bankroll, or investing in legit investment company that can give you 5%-20% profit annually, but I would suggest that you hold Bitcoin because it is more profitable holding bitcoin in the long term.
Legit businesses allowing you to invest won't offer you annual percentages of 20%, where even 10% is quite on the higher side. Just out of curiosity, name up a few legit businesses where you could earn more than 10% annually. In recent times I haven't even see any business offer you 5%. And those that do offer higher annual returns are mostly obvious scams, or likely to turn into a scam. It's not that easy as you seem to think. |
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