What happening now doesn't qualify as a correction. The rates went down for 2-3 hours and then quickly started recovering. It seems like the demand is at its peak. The supply is unable to cope with the demand. A (proper) correction may happen after a few weeks, but not now.

May be some of the micronations such as Liberland or Sealand. And if I am not wring, Liberland has already declared Bitcoin as the national currency. but none of the major nations are going to accept Bitcoin (or any of the altcoins) as the national currency.

Hmm.... I have a few doubts about this limit of 21 million coins. Can this limit be increased/decreased using hard or soft forks? Right now, we are talking about increasing the block size through forking. But is it possible to increase this 21 million coin limit using a fork? Trust me. Sooner or later this issue is going to come up, resulting in another split.

One of the disadvantages with Bitcoin is that it can be used for criminal activities, such as the payment of ransom, bribes.etc. And as long as the receiver decides not to convert his coins to fiat, it is almost impossible to trace him.

That depends on the type of retailer. If the retailer is mostly dealing with small items with a cost of $1 or $2 per piece, then he may not be interested in accepting direct Bitcoin payments. Who is going to pay $5 in transaction fee, for a purchase of $1?

Till now, that hasn't happened, but we are hopeful about the future. Aren't we? Right now, the total market cap of Bitcoin is around $70 billion, while the total money supply (M1) of the United States Dollar is around $3.5 trillion. So BTC needs to increase its value by 50x, in order to catch up with the US Dollar.

Apart from transactions, gold can be used for all the purposes which Bitcoin can be used. And there are certain advantages which are unique to gold. For example, gold can't be stolen by hackers (unless it is in paper gold format), while Bitcoins can be stolen by hackers.

OK... Let's analyze it. Has the 1st prediction come true? Yes. What about the second one? That one also have been realized. And the third one... those guys are sitting on top of 40% ROI as of now. So in short, I don't care whether it is without logic or not. BTC has given insane returns till now, and let's hope that this will continue for the future as well.

This is really horrible. At today's exchange rate, the total value of coins stolen (BTC+BCH) was close to $200,000. My advice to the OP would be to contact the cops in his hometown. Does anyone know about the nationality of the OP?

Note: Just noticed that the OP is from Romania.

I am participating in various signature campaigns for the past 2-3 months and I have realized now that it is almost impossible to collect meaningful amounts of coins from sig campaigns alone. The rates are too low, unless you are a Hero or Legendary member.

So exactly how far is your "bit far"? Is it 1 month, 3 months, 1 year or 3 years? I have stopped making predictions on Bitcoin exchange rates. Because the prices are rising too fast for anyone to accurately predict the future rates.

It is quite difficult to imagine such a scenario. First of all, Satoshi's coins are spread out over hundreds (if not thousands) of Bitcoin wallets. OK... let's argue that he sold these coins by transferring the private keys to a number of buyers. But the fact is that none of these coins have shown any movement from time immemorial. If he had sold those coins, how can you explain the lack of activity in these wallets?

LOL.. In my opinion, those who are selling their coins right now are the most intelligent investors. I am saying this, because 99% of the Bitcoin holders will be reluctant to sell their coins now, because of the rising prices. But sooner or later there will be profit booking and a huge dump. These guys are intelligent and they are selling their coins before the dump.

Right now I am using a Blockchain.info wallet. My dream is to get a Ledger Blue hardware wallet. But before that I need to increase my Bitcoin holdings to at least BTC1.00 (Right now I am having around 1/20th of that target).

I can't plan anything right now, because my Bitcoin holdings are too small to make any sense. And the prices rocketed upwards too soon. I was hoping to purchase some mBTCs from my salary. But it has become impossible due to ultra-high prices.

Username: Vishnu.Reang
Rank: Full Member
Post count: 543
Profile link: https://bitcointalk.org/index.php?action=profile;u=986141
BTC Address: 16YJaFmibUL1xKG4cBCj3WnVvSsAdKZyx1

Yes... I heard that 20-25 members of the royal family went for hunting somewhere in Iraq, where they were kidnapped by the extremists. The hostage takers demanded a ransom payment of $1 billion, which was paid despite the opposition from the United States.

What will happen if the prices crash 50% all of a sudden and remain there for the next 2-3 years? Do you remember what happened after 2013? Bitcoin exchange prices went down for almost 3 years, before finally stabilizing in 2016.

Russia is at a disadvantage in crypto-coin mining, at least when compared to China. Most of the mining rig companies manufacture and assemble their equipment in China and therefore the capital costs are lower for the Chinese miners.

It was disappointing. After the BIP 141 lock in, I thought that we will cross the $4,000 mark during this run itself. But after hitting the $3,500 per coin mark, a major correction followed and now the prices are back to $3,300 per coin.