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It's the nature of bitcoin to have major changes in its price.
Everybody who deals with bitcoin knows that.
I even think that psychological factors are as responsable for the bitcoin price creation as the bitcoin whales are.
In bitcoin, times where we have no price fluctuation are rare, not the other way round.
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I agree as well that 2000$ price will fall.
But I do not expect it to happen in 2017.
For 2017 I expect something of 1400$ to 1600$ to be the highest.
2000$ can be reached in 2018, maybe it will even take time to 2019.
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Somehow I am thinking more and more that all those storys about whales who manipulate the market are kind of fiction.
I am even wondering if there are real bitcoin whales left out there.
I think that bitcoin price behaves more like a swarm.
A collective behaviour of the middle and smaller bitcoin holders.
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I think that the sudden increase of bitcoin price needed a correction.
Otherwise the bubble building process would go too high, and the consequences not good for bitcoin.
The way it went now, I think it was acceptable.
At the moment we are at a price level where we wer before the increase, and that's a realistic price for bitcoin.
The steady long term increase is not in danger.
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Just a little warning: loads of so called #bitcoin investment sites are just a lie.  Its obvious scam, best investment for bitcoin is just buy and hold  . Its deflatory currency so more you keep it it has more value. There is really nothing more to say than that: Bitcoins are made to be bought, held and sold! Not to be invested!!! |
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For me, I see bitcoin as a long time investment.
Of course some times I make small payments with bitcoins, but the majority I buy at the moment I want to keep for several years.
Somehow my guts tell me to do that...
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I think as well that this pull back is necessary.
Bitcoin should grow by demand of people who want to use it. Not by speculants!
The way bitcoin went up the last few weeks was pure bubble building!
Bubbles tend to implode, and that is not what I want to happen to bitcoin.
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How many bitcoins is there now in this moment? Of course it will reduce demand, not significantly, fiat is everywhere around and bitcoin is only a little part of all that space.
With the time bitcoin can take a little by little and to make this part much bigger, but that depends from many circumstances. For now usage of bitcoin is probably less then 1 % of total money in the world. Give it a more time, like 10 or 20 years.
I think as well that the demand for fiat goes down a bit with bitcoin. But the percentege of bitcoin from all the money in the world is way-way-way less than 1% The national debts of the US alone are at about $14.3 trillion dollars at the moment. All bitcoins in the world are worth only about 14 billion dollars. That means bitcoin could only cover 0.1% of the US national debts. I think this shows good how small bitcoin still is in the world. And that there are really big chances for bitcoin to grow incredibly in the future. |
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At the moments there are a lot of changes on a political level and low interests of banks.
I think that some people are searching for new and independant ways of investment.
And when you think of the very limited supply of available bitcoins, a few thousand small or medium investors more can really make a very big difference to bitcoin price.
Especially because at a steady climbing price, most of the old holders won't think of selling.
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I think the most important thing about this news is the fact that starbucks sees bitcoin as legit!
Not as some currency traded amongst criminals.
Every major company makes a big deal about its reputation.
If starbucks accepts bitcoin, they think of it to be worthy being mentioned together with their company.
And that's a very fine thing!
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Buying bitcoin now in it's price I think is not the wisest thing to do right now, simply because the price is too high. A few days after this day, It might be that it's price will fall back or maybe it will rise more so it is a very risky investment to invest in bitcoin right now and buy some. Just wait for a dump in my opinion to buy it and also buy it when it's price touches 400$ below that I think is the right time to buy bitcoin not now.
I must say as well that right now I do not really feel comfortable with buying bitcoin because of the recent rally. Somehow this all went too fast for me. Although I wanted to buy at years end, I'm holding back at the moment. I'm thinking, maybe there are many others like me who had the same intention and are buying now. |
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Exchanges have been hacked before, and I am sure it will happen again.
The increasing bitcoin price just makes it more interesting for hackers.
Some of those guys are really smart and preventing an inside job nearly seems impossible to me.
But I am sure as well that everybody who is trading already knows these risks and it's up to his responsibility to minimize the the possible loss in such a case.
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You guys don't understand what passive income is. A signature campaign is an active income, you have to participate in the forum, contribute and you have to do it weekly, or no payment!
It's a normal job, even if you like posting and you'd do it for free it still requires some time and effort. Passive income is for instance when you have a piece of land and someone decides to put a billboard on it and pay you each month for having it there. You can do whatever you like, even get drunk every day and grill out with your friends and the money will be flowing to your account.
What about when you drive to work everyday and someone decides to pay you for putting an ad sticker on your car. Is it not passive? It doesn't require any effort on your side, you won't drive just to advertise the sticker, you drive to work. That's exactly what signature advertising should be (they're not in most cases though, but that's a different story) This still doesn't look like a correct analogy. If we take your example, the analogy in the signature space would be paying for just wearing the signature and the amount paid not depending on the number of posts you make, even if you don't post at all. In my view, that would count as a passive income. On the other hand, if you are paid by the number of miles traveled, you would likely go to work the longest route, especially if the payment is worth your time and covers the expenses. I think the whole problem is that there is no definition of what passive income is. Everybody has his own ideas what falls under that expression. What most of them have in common that it's not a regular day time job where you go to work in the morning and come back in the evening. |
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Price fluctuations in bitcoin are known, so maybe the press doesn't think it's worth to mention.
The people who know bitcoin know are aware of the increase, those who don't pay no attention.
Press has to write news that sell, in there eyes that might not be the case with bitcoin anymore.
If it is that way, I'm not sure it's a good or a bad thing for bitcoin.
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Right now I would not buy any crypto currency, that includes bitcoin.
The past week the whole market had some bigger price fluctuations, and for me that can only be explained by some large investments.
Unless you know what the investor plans next, I think it would be wise to wait a few days until the dust has settled.
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I know all of us is waiting for bitcoin to get pass that super hard wall to break 800$ mark. The long wait is over bitcoin will gonna break that wall anytime this week. And before christmas it should be 850$. Believe me.
I know it gonna break the wall and it will pass through the speculation price, Bitcoin is getting strong again i want to sell my bitcoin to indian because the bitcoin there is already 840$ they buying bitcoin plus 15% of it's original rate. I want to sell my bitcoin before christmas to have some to eat. If you are very much confident that bitcoin will cross its resistant levels why not you just hold your bitcoins for the target of $1000 price levels. I'm not expecting people will start dumping after Christmas because there are continuous demand for bitcoins as more number of new people keep on adopting from all over the world. The bitcoin longterm trend shows in the upwards direction. I see no reason for those who are holding for a longer time now to sell after christmas. Those who hold are not actually in need of money, so they can wait to a time where either the price gets stable or might even drop again. |
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Renting hash power means cloud mining as far as I understand it.
There are already a lot of topics about cloud mining, and all have one thing in common:
They say don't do it.
I can only agree to that!
It's only profitable to the company who makes the offer of renting hash power.
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At the moment I would only sell an amount of bitcoin that I would really need in cash.
'The trend is your friend' is an old saying, and the trend points in an upward direction.
The chances of bitcoin price climbing further are good, so selling now would be like burning money.
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This sounds a little strange.
From all I can see, the 0.01btc were nearly the complete balance op had in his wallet.
Who would want to hack a wallet for not even 8 dollar?
Besides: on october 24th, there was alreay a transaction from the wallet op has to the one the funds went today.
If op knows to whom he sent the money that time, he would have his thief.
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Does anyone have any idea how many people are using gold as a store of value vs btc? And how long do you think until we have the same user Base as holders of gold?
I will suggest both but separately according to as what amount of money you want to invest in it . If you are looking to invest small amount of money , about $500-1000 then You should go for Bitcoin but if you want to go for above $1k investment then gold will be better idea . i dont take holding gold will be profitable since gold is stable , personally i will never use and hold gold , you can make alot of profit with bitcoin since its unstable unlike gold. gold is also profitable, based on the time and so many other factors price of gold is also fluctuating which makes it profitable enough as an investment. besides it is mostly trading that makes all of these investments profitable, which means you buy on the dips and sell when price went up. I think that gold is the save bet. I know not a single report that would say it will be worthless one day. With bitcoin it's different. Bitcoin is risky, there are reports that say in five to ten years nobody is going to use bitcoin anymore. But of course possible profit that can be generated with bitcoin is way bigger than with gold. |
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