Do you think the value of Bitcoin gold is priced into the price of BTC, thus we will see a drop similar to the value of Bitcoin Gold after the fork?
we do not know what really happens to forking bitcoin.. for me in the middle of forking bitcoin will pump it or dump it and after forking bitcoin will rise until to the moon just like swaping of bcc. All of investor bitcoin he all avail the bitcoin gold. But i dont know what happens for the bitcoin gold will rise or dump. I think btc will drop the value after the hard fork. Just like what happen before on bitcoin cash, btc value had a little dump. Yes, it is hard to speculate on the bitcoin price value maybe after the hard fork it will continue to increase. I'm almost positive that those who dumped before the last fork are kicking themselves right now. They probably thought the price would go down; they now know that the price will rise after the fork based on how many people will dump the forked coin and buy straight Bitcoin. |
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Willy Woo, a highly regarded Bitcoin and cryptocurrency researcher, utilizing Google Trends as one of the main indicators of Bitcoin user growth recently revealed that the number of Bitcoin users approximately doubles every 12 months. Woo noted in his report that 26 years from now, if the user base of Bitcoin continues to grow at this pace, nearly everyone in the world will use Bitcoin. User Base: Major Factor For Long-Term Price Surge of Bitcoin
The Bitcoin price is a practical indicator of Bitcoin’s real-world value, relative to other assets and currencies. While many factors affect the Bitcoin price in varying periods, user base, developer activity, and global adoption have been the three key factors behind the long-term increase in the price of Bitcoin for the past eight years.
"What we have here is a steady exponential growth baseline with periodic peaks. These peaks are are inline with price bubbles where more users start checking the price of their precious coins. Taking readings from the baseline results in an order of magnitude growth every 3.375 years. Or expressed in terms of time to double the user base it’s approximately 12 months."
In the long run, if the adoption rate of Bitcoin in major regions such as the US, Japan and South Korea can be sustained, the market cap of Bitcoin would likely surpass that of JPMorgan, the largest retail bank in the world valued at $350 billion, and achieve the trillion dollar mark. https://www.cryptocoinsnews.com/woos-law-bitcoin-users-double-every-12-months-major-factor-for-long-term-price-surge/http://woobull.com/woos-law-of-bitcoin-user-growth-bitcoins-adoption-curve/I doubt that this linear model will keep up just based on the amount of Google searches. I think the model will end up reaching some kind of limit; you have to take into consideration the people who are actually interested in Bitcoin as well as those who may not even have access to resources that can introduce them to the currency. It seems like the Google search amount wouldn't really keep skyrocketing. |
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I'm forced to ask this based on the current trend in the bitcoin market. Now I want to know which of the following you'd do as a trader who's following the trend in the market
I would hold for now, especially after the fork. It's my contention that a lot of people will try to dump their Bitcoin gold for more Bitcoin which will drop the BTC gold evaluation and raise the Bitcoin value too. After that point, if it's necessary, you wouldn't be at a bad position to sell. Selling now might be a mistake depending on how much the price rises later. |
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HI guys,
I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?
Thanks
It heavily depends on how much you're trying to get out. I generally take out smaller amounts (around 100-200$ here and there when I need it). With this amount, I have literally no trouble and I generally deal with people who offer currency exchange services. It's easier than using an exchange for that small of an amount. For larger amounts, you probably end up paying a fee amount based on the exchange service. |
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If you look a tthe the charts it may be true that we will come to that easily. Many are speculating that it will go up to $20,000 in february. Just like last year and this year, all is going smoothly. It's easy to only look at the ups in terms of the charts. It's possible that the charts don't even mean anything in the long run -- there could be a big drop anywhere between here and in February. It already seems like the pace is slowing down a little bit for bitcoin right now. I think it's feasible to reach 7-8k by February even after all the correction periods. |
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This is interesting could be a mass following with this. South Korea is preparing to Tax bitcoin use after the cryptocurrency's trading volume sky-rocked. This could spark a new trend s everyone battels to see how to control the life of cryptocurrency's
If more countries continue in their trend, then we will end up seeing a drop in price. The whole point of Bitcoin and it's usage for large scale traders and investors like whales is that there is no taxes and that it is decentralized. This is definitely not a great step. |
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Financial services companies have started to issue their own crypto currencies which would definitely affect the crypto currencies marketcap including bitcoin.
Its not asia which now influences bitcoin prie,but particularly south east asia where countries like japan,vietnam,philippines have a friendly approach towards bitcoin.
We could not forget the price increase in bitcoin immediately after legalization of bitcoin in japan.China has also now lost its dominant place in bitcoin market.
Japan has now become the eye opener for other countries in adopting bitcoin successfully.
I agree with your clarification on the Asia aspect. I'm waiting to see how India reacts to Bitcoin. The government has yet to publish any strong sentiment against or for it. For now, China can be considered out of the crypto supporter market. I believe that Japan or the US could be the next dominant area for Bitcoin. We'll need to see who adopts it quickly and allows their citizens to use it freely. |
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Can Bitcoin split from $3000 to $30?
Since you're discussing a stock split in terms of crypto, I believe the answer is no. However, when I was first introduced to bitcoin, I was confused about the difference between a fork and a split. Forks introduce completely new currencies into the market; they don't actually split up the original cryptocurrency. They're much more of a spin-off than a split. |
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Yet another country belonging to south east asia has now got ready to adopt bitcoin.Thailand being an important tourist spot,it would be a great news for travelers who use bitcoins to travel to thailand.Definitely,it would indirectly help for progress of thailand's economy by attracting more bitcoin users to travel there.
Especially considering the world population percentage that is situated in the Asias, it's amazing to see how well Bitcoin is being accepted (for the most part, except for China). It just makes the coin more widespread and allows more people to be introduced to it to use as a currency. I want to see bitcoin get into the hands of those who really could use the money especially in the impoverished parts of Asia, where mere amounts of money can make all the difference. |
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In the past month or so there has been a surge of Bitcoin related Google Searches in the Phillipines, in the last month it has been an all time high. The blockchain is spreading.  The more countries the better, right? I mean if we can get more people globally in on this train now, they have a higher chance of earning and potentially earning more than they could have had they had no real introduction to bitcoin. It seems like the more the citizens start to know about crypto, the more often Bitcoin gets legalized in a country. Not a bad start for the Philippines at all. |
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Need some expert or real advice on how I can earn bitcoin. thanks
On bitcointalk, this is really easy if you put in the effort for it. All you need to do is build up your account. Make sure that it has more trust and make sure you get to around senior member. At that point, just enroll into a signature campaign! It keeps the income coming in and allows you to earn on a weekly basis if you keep up your work every week. |
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I expected a downturn (I don't take the word "crash" lightly, to me that's severe)... to happen by now. But you can see signs of the weakening. The highs aren't getting as high anymore before it goes down again. It was climbing close to 6K before correcting for awhile there. And then to 5800+. Then to the mid 5700's. Now it's only getting up to 5600 and change before falling back down, and has stabilized right now more than it ever has, hanging around $150 of change, VERY stable. And we've talked before about how stability is a bad thing for BTC. It's at it's best when it's volatile actually. Stability is only a good thing when it has just had a downslide/crash and it has ended... showing a sign that the slide has ended and you can expect a rebound. But when the stability takes place when that hasn't happened it's a sign that a slide like that is about to take place.
That, and other signs I've pointed out recently lead me to believe I was right that a correction is almost inevitable soon. I do believe that it is slightly over-valued... nowhere near to the degree that some company execs have speculated to, but it's there. Maybe 4400-4700 is more realistic. I also believe that more people are moving their money around now... people that used to hold through thick & thin, than used to be the case. Particularly the ones that got in late and figure it's their only chance of striking it rich in the end like the ones that got in early could... ones that can afford to hold through thick & thin and feel getting a huge payoff in the end is inevitable for them. And this could make the slide worse than usual.
Just saying this to prepare those who do move their money around. Again, I'm here to tell it like it is even if it's something people don't want to hear. To be objective. I believe it's in the best interest of most, and not to just be told what you want to hear and then be unprepared when "it" hits the fan.
Absolutely not a bad time for a warning/check in. It seems like during times of bull runs, people often forget that this all can go downhill. However, it seems like the general consensus, at least on bitcointalk, is that this is just a correction period for the next run. I think your opinion isn't too far off though. The price rise was quick, yes, but it wasn't near as much as the previous runs used to be. I'm |
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Too risky and crazy, but if they entered on this movement on summer (as the article says), they have already enriched themselves a lot if they put the money of a house, three cars etc. in when BTC price was 3000+
Anyway, even if they get rich... not well done to risk so much
I 100% agree with you. I pulled out some cash from Bitcoin because I needed to use it for personal matters. Even though I lost money on it technically now, I have no regrets as I needed it for my real life. These people, however, seem to be willing to put their life's stakes in danger to go all in on a bet. We all know that even though bitcoins volatility has been pointing upwards, that it can go in any direction... |
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Do you think the value of Bitcoin gold is priced into the price of BTC, thus we will see a drop similar to the value of Bitcoin Gold after the fork?
Fork will probably cause the price of BTC to go up right? I don't see why people aren't going to dump bitcoin gold and then purchase Bitcoin as they did with the original fork and with bitcoin cash. It seems like that is what will be happening with these up and coming forks. |
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ive got a 32 gb black 3rd gen if you are interested
lemme know
If it's just a regular iPad 3rd gen and not the mini, I'm not too interested. 3rd gen has a pretty poor processor and it can be a bit too clunky to carry around. Thanks for the offer though, feel free to get back to me if it's not the plain iPad 3rd gen. |
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Hey guys,
I'm looking for an iPad to buy. I would ideally want an iPad mini 4 or an air 2, but I would also love to see offers that you guys may have as well. Please leave your offer on this thread or feel free to message me.
I do not recommend iPad, much better to buy laptop because you do not anything to do in iPad just browsing and playing that is why this is waste of money for me, based on my experience since the price of iPad is near to have 1 laptop just add little budget and purchase your prefer variant of laptop. But if you really want a iPad, make sure you buy at Apple store to make sure that the item is 100% original and also there are some freebies offer in every item you purchased. or you are looking for 2nd hand item? Ipads have much better note taking capabilities. I already have a laptop; I'm much more familiar with note taking on a tablet and since my last one broke, I've been meaning to get another one. Thanks for your opinion though. |
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I have been following bitcoin price since the recent upwards price movement and I think $5875 has become the high and corrections has began. Checking price chart this morning I discovered that the down channel's line has been broken and that signal a dropped in buying momentum and price may get below $5,000. However, this is another opportunity to buy bitcoin at a very cheap prices as before the end of this year bitcoin might hit $7,000. This corrections is not going to be a long one, it might just be three to four days and we would resumes another upwards movement again.
You're definitely correct about the fact that all of this is due to corrections. I suspect that once BTC hit 5,500, a decent amount of investors decided to sell. However, there must have been more people trying to hop on the boat, so the evaluation rose to 5,800. Either way, it seems like there will soon be another big jump. |
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Even gold diggers might want to avoid this one.
An estimated 95 pounds of gold rush through Switzerland’s sewage pipes and its waste stations each year, according to a study by scientists at the Swiss Federal Institute of Aquatic Science and Technology, also known as Eawag.
That’s about $1.8 million dollars of sewage-covered gold.
They also estimated that about 6,600 pounds of silver flows through those pipes, which is about $1.7 million, according to Bloomberg.
The study, commissioned by the Federal Office for the Environment, tested sewage in 64 wastewater treatment plants across the small country. While officials have long known precious metals get mixed in with sewage, they’ve never known exactly how much.
Eawag described it in a statement as “the first systematic, quantitative assessment.”
The precious metal most likely came from the country’s gold-refining plants and its watchmaking industry, slowly building up over a year. Switzerland is one of the world’s biggest gold-refining centers, with 70 percent of the world’s gold passing through its refineries each year, Bloomberg reported.
Gold prospectors shouldn’t get too excited. Eawag warned that the concentration of gold in most places wasn’t high enough to financially justify mining the toxic sludge.
But Ticino, an Italian-speaking region in the south of Switzerland, contains enough gold refineries releasing trace amounts of the metal into sewage pipes to make recovery there “potentially worthwhile,” according to the statement by Eawag.
Sewers in the United States might contain gold as well.
Researchers from Arizona State University published a similar study in 2015, finding that a U.S. city of 1 million people flushes up to $13 million worth of precious metals into the sewage system each year. Roughly $2.3 million of that is gold and silver.
Some countries work to retrieve the precious metals sloshing around under their streets. One wastewater treatment plant in Japan incinerates its sludge, extracting two pounds of gold from every 1,200 pounds of ash — an amount that Reuters said was “a higher gold yield from sludge than can be found at some of the world’s best mines.” https://www.washingtonpost.com/news/morning-mix/wp/2017/10/13/scientists-digging-in-swiss-sewage-find-millions-in-gold-and-silver/... A little something to break up the monotony on GPU/ASIC mining. People ask, what do we do when there are no bitcoins left to mine? Here is one potential alternative. For those who are into precious metals, this could be interesting. I'm not enthusiastic about gold or silver but reading this makes even me feel tempted to find a way to mine the millions of free precious metals in sewers. Perhaps robot labor would make it viable? As of now, it seems like humans can do a good job in extracting the precious metals themselves. However, if this whole process was to be automated, there would be a huge legal battle among everyone who thinks they rightfully own the chance to mine these findings. There would be a pretty big rush to gain parts of the breakdown of the entire metals and it would be a pretty big conundrum. |
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From the historical data of cryptocurrencies markets behaviors, I come to a conclusions, that bitcoin can survive without altcoins, bitcoin Cash and bitcoin gold but altcoins cannot survive without bitcoin. Since last week bitcoin was getting pumping and most of the altcoins including bitcoin Cash was getting dumped. However, now that some altcoins are recovering bitcoin core is still getting pump. I will like to get your opinion on this. Thanks.
I think it's highly unlikely that all altcoins will be wiped. In that case, I don't see why Bitcoin wouldn't be wiped by whatever law took down the altcoins. However, yes, I do agree that Bitcoin is the most important crypto currency right now and has the most backers. This means that it has the most potential to survive in the case that all altcoins were taken down. |
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Interesting. Sure hope your equation holds up, because then we'll see Bitcoin pass $1.000.000 in less than 2 years (23 months). Fingers crossed  Bitcoin reaching 1M$ in two years? Doesn't seem realistic. What equation are you talking about? The +0,75% a day? It's not realistic at all, but it could (in theory) happen if Phil_S' graph was to be continued. Yeah it's based on BTC price = 2300*1.25^x, where x = number of months from the start of the graph. Of course, theory is often far from reality. If the exponential amount were to hold up, it would end up in a pretty big crash in the long run. For now, we can probably expect the exponential growth to go back into a more linear fashion. This will end up reaching another exponential type curve after the bitcoin gold fork; I think a lot of people are going to sell the gold for more BTC, driving the price even higher. |
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