But I don't think it will be a major one. I'm sure that there will be one coming after the hard fork, but we will still be above $5000. Because there will be another coming soon in November so after people cash out their free money, bitcoin gold, some may stay in the market or may move back to altcoins again. But the effect will not be a significant as other may have think it will be.

I don't think it has many supporter in the community. If it has many supporter, how come the price is too low as compare when it was first release? So I agree with most pundits here, it can't really grown and I doubt it will enjoy the price above $500 in the near future. Only few supporters and the roadmap is not clear. It was just put up by some entities to really profit and split the community.

What kind of scandal are you still waiting to come from China? They are done with bitcoin and they will not affect the price of it. But I kinda agree that its much better to wait in dips to enter the market. But as of today, the price is too high and its not good to enter. You have to wait for the perfect time before getting into the ecosystem.

If you really want to do trading, the best you can do is to read all about it the forum and apply the knowledge you learn. I think you can just start with small amount but increase your capital as you gained experience. Just remember that there are risk as well so invest money that you can afford to lose only. You also need to invest a lot of time in trading, so I don't know how you can do it with a regular job. Goodluck.

We just scratch the surface. Interest in bitcoin will grow exponentially in the future. Right now we are taking baby steps, but it has slowly gaining mass acceptance. But the sites you have mentions are not yet accepting bitcoin as mode of payment. But they will definitely allow it because bitcoin will be the new choice for online payments. Just wait for a few more years and it will become a reality.

Alts have been experiencing a lot of bloodbath because investors are selling it off in favor of bitcoin. We just need to wait for the Oct. 25 event and see if altcoin will continue to bleed. I'm happy though to see bitcoin making ATH and getting closure to $6000. All of us here have makes big amount of profit. So let's just forgot about altcoin for the mean time and focus on where the money is right now, bitcoin market.

Because you are it in for the long term. Others do short day trading of bitcoin that's why its important to them to see the price and look at how they can earn short term. Good thing that you are into it for the long haul because that's how investing in bitcoin should be. You can buy in dips then hodl, rinse and repeat.  They are always find a way to make out a profit out of the current price. And traders fine day trading very interesting that's why they freak out if the price goes up or down.

Any news though about the new exchanges that will be opened soon? I read that the Central Bank of the Philippines have approved and there 2 exchanges that will be opening, but I never heard any news again. Philippines though is very active in the bitcoin scene as evident of the growth of users doing trading. And I hope that if ever 2 exchanges opened, the growth will continue and the Philippines will be another leader in Asia with regards to embracing bitcoin. And I would like to see merchants will soon accepts bitcoin as payment in the local scene as well.

Bitcoin Booms in Evolving Markets

As far as adoption goes, Bitcoin follows a familiar pattern. Populous, first world countries in North America, Europe and Asia were first to catch Bitcoin fever, the first to establish exchanges and the first to begin restricting them as well. While early Bitcoin trading in these countries was largely boundless, allowing for things like margin trading and high leverage, as more of each country’s fiat money moved into Bitcoin, governments and central banks began to draw lines.

The market witnessed a pointed example of such “no more nonsense” regulation as recently as a few days ago in South Korea. Following China’s example, the country decided to limit ICOs and no-fee exchanges, which had until that point been an enormously speculative influence in the altcoin markets. However, no matter the increasing rate of adoption and regulation around the world, Bitcoin always manages to find its “Wild West” somewhere new.

Bahrain

Bahrain wants to be known as more than a place of oil wealth. The country is moving quickly towards adopting Blockchain technology, which would naturally place it in an advantageous position regarding Bitcoin as well. The Chief Executive of the country’s Economic Development Board, Khalid Al Rumaihi, is working with Bahrain’s finance ministry to make it a “pioneer in the space.” They are even in process of proposing a joint venture with Saudi Arabia and other nearby countries to establish a healthy ecosystem for the area’s official exchanges and other infrastructure.

Sweden

Sweden is progressive when it comes to their finances. Today, five of the six major banks in the country do not operate with cash, and the vast majority of Swedes use their bank cards for everything. This puts them close to their goal of becoming the first cashless civilization, and they’re looking to Bitcoin to bring them the rest of the way there. They recognize that one of the biggest problems of a digital financial system over a cash one is privacy. Bitcoin fits this need suitably and provides an additional measure of anonymity over alternative cashless solutions.

Venezuela

After the tragic collapse of all civilization in Venezuela, the value of one Bolivar, the country’s currency, dropped to the same value as one satoshi (or about $0.00004 at current BTC price). Thanks to a scarcity of physical Bolivars and a harried financial system, people are finding themselves handing over buckets of cash just to pay for lunch. Many merchants have taken to accepting Bitcoin and other digital payment methods only. Though it may be out of a frightening necessity rather than voluntary adoption, this may be the first “Bitcoinization” of a sovereign state.

India

Like Venezuela and Sweden, India is a ripe target for Bitcoin. The country went through a rapid demonetization last year, largely to curb counterfeit operations of their 500 and 1,000 rupee bills and rampant graft, which were funding other illicit activities. The shortage of cash that followed saw Indians react flexibly by depositing their money in bank accounts, though counterfeit versions of the new notes appeared not long after. Bitcoin is a perfect fit, and is beginning to find its niche. As many as 2,500 Indians invest in Bitcoin each day, and there are new partnerships being forged between international cryptocurrency players and Indian platforms like Unocoin.

Singapore

The Singapore Fintech Consortium is a powerhouse devoted to forming a cryptocurrency network with countries in the Middle East and abroad. To “pave the way for increased interaction between startups in the Middle East and those in Asian markets via Singapore,” the fintech leader has been cutting deals with places like the UAE, Abu Dhabi, and Bahrain to establish a cooperative fintech environment.

Japan

Though Japan is a major world power, and can hardly be considered an emerging market, the country’s progress in the Bitcoin and cryptocurrency arenas must be praised. Not only has this small, influential island nation made Bitcoin legal tender, it has paved the way for Blockchain innovation more than any other country. Instead of outright bans, the government’s Financial Services Agency has instead created a strict yet fair environment for companies and individuals to trade, operate exchanges, and integrate Blockchain into Japan’s economy. Eleven exchanges, of the more than 50 who have thus far applied, are deemed compliant and are currently in operation.

Bitcoin Can’t Be Stopped

Though countries with major influence have thus far proven hesitant to allow Bitcoin and Blockchain to upset the status quo, smaller countries with more to gain recognize a unique opportunity. Those who understand the technology know that given time, and a favorable environment, the adopters will prove all the naysayers wrong.

https://cointelegraph.com/news/bitcoin-booms-in-evolving-markets

I think there's a minor price dip right now. It's trading between $5600-$5700 today as compare to $5800 yesterday. So for me bitcoin price can really go down anytime. We might see a roller coaster ride in the next few days before peaking up again before the actual HF in October 25. This kind of dip is normal though because no one can really expect bitcoin to be very bullish all the time.

I agree. Don't just be too excited. Although the mental barrier has been broken, when the other side of the earth wokes up, we may see some price correction along the way. Although it feels good that we again touched and broke $5000. I'm sure that a lot of people are now focusing on the price. Will be it sustainable in the short or long run? Let's see how things will go in the next days.

Again, don't be too excited. We need patience before seeing the price go to the moon. That is one characteristics that you really needed when you are into the crypto world. Otherwise, when you become too emotional you might sell and panic resulting in a loss revenue for you. Its really possible to reach $10K or even $100K price. And I'm with you brother.  

Despite the looming war between Japan and North Korea, I don't think that bitcoin price will be affected negatively. On the other hand, I think it will soar because the Japanese will just go buy bitcoin to hedge their funds against the imminent war. However, this war will severely impact the world economy because its gonna be costly for both sides. Just my .2 BTC.

Ultra-Rich Investor Trace Mayer Predicts Bitcoin Price Will Reach $27,395 in Just Four Months

Trace Mayer tweeted that he believes Bitcoin is currently undervalued, and that his target price for this coming February (only four months away) is $27,395 per Bitcoin. He bases this prediction on the steady increase of Bitcoin’s 200 day moving average. Mayer is extrapolating the rise of the 200 day moving average, assuming it will reach $5,767 by February. If this is the case, he asserts that a per-coin value of 4.75 times the moving average, or $27,395, would be a “fair” price.

Who is he?

Trace Mayer, J.D., was one of the “first popular bloggers to publicly recommend Blockchain technology” according to his website. At the time, Mayer recommended that his followers purchase Bitcoin, the price per coin was just $0.25.

Like most Bitcoin early adopters, Mayer is extremely wealthy, having recently challenged Roger Ver to a 25,000 BTC wager. There are very few people in the world with enough juice to make $121 mln bets. In addition to his early adoption and recommendation of Bitcoin, Mayer provided seed money for Kraken, BitPay, and Armory.

On his website, Mayer describes himself as:

“An entrepreneur, investor, journalist, monetary scientist and ardent defender of the freedom of speech. Trace Mayer holds degrees in accounting and law. He studied Austrian economics focusing on Murray Rothbard and Ludwig von Mises.”

Mayer has long been concerned with privacy and regulation, fearing that IRS action and AML/KYC laws could hamper growth and incentivize bad behavior.

https://cointelegraph.com/news/ultra-rich-investor-trace-mayer-predicts-bitcoin-price-will-reach-27395-in-just-four-months

Username: Yaunfitda
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Lock the thread and put CFNP (Close for New Participants) on the subject so that we won't be wasting both our time.

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I also received the payment. thanks.

Yes, its like a daily routine to me now. I like to see if the price is going up and it makes you happy if it gain in 24 hours. And then I sometimes calculated how much I profited.  . That is why bitcoin is part of my daily life and its really hard not to look at the price even for 1 day. If I think that the price is good, I dump some of my coins and wait for a good buying point again.

Bitcoin game is legit. The problem I'm seeing is that you didn't reach the required amount to be able to withdraw it. Maybe the minimum is like .01BTC. So I guess you have to play again. But I do hope that you win because we all know that gambling is riskier. The more you play the more chances that you are going to lose.