It's one of the darkest period for Bitcoin right now despite all good news that people don't really know how to read, it's all just hype for everyone. Until some of the major problems are resolved Bitcoin will remain what it has been for several years a speculation instrument. Since high leverage and shorting were introduced the amount of money poured into the market has gone lower and lower and it's becoming harder and harder to sustain or even reach higher prices.
I see bitcoin in 2015 as fundamentally no different to bitcoin in any other year. Its still new and is still experimental. Anything that is new and experimental will be speculated - that is just "natural". Again allowing high leverage and shorting are just part of a commodity/currency getting more and more of the treatment that other commodities/currencies have to face. It is not necessarily a dark period let alone one of its darkest periods. New demand is weak currently but we have not even got to the point where the average person would trust one of these exchanges - as they are far from transparent eg about internal manipuation. That is why the twins exchange might bring about more volume. Give bitcoin a few more years and it will be doing much better I hate it when the price is stable because Bitcoin becomes really boring at that point and some people might even quit. I also have thought a couple of times of quoting but I am going to be patient and wait it out. No one will quit. And if there are people that will indeed quit, then we're much better off without them as they don't add anything of value to Bitcoin. I personally don't mind stability as it gives less experienced Bitcoiners and the average joe more incentive to use Bitcoin as currency. |
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I was also expecting a big price increase in the time of halving but it not happened, by the way it was also my luck that it increase much higher before halving , now I am waiting for the halving effect which everyone here is expecting for the bitcoin.
I don't know where you have been, but the price has gone up considerably already. It happened before the block halving. Right now we are $200 higher than we were exactly 2 months ago. And when the price reached nearly $800 it was even $330 higher in less than a month! Isn't that enough? |
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I know for sure that bitcoins will not reach the $900 mark before September 2016. You will have to wait for the next halving in the year 2020 for that to happen  Now you're being a bit too conservative as that price level should be reached next year for sure, and perhaps even the $1000 price level. By the time the next halving takes place I expect the price to be at least higher than the current ATH. |
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Now all depends on how the mining operations fit after this halving.
i think no matter how halving will turn out the price is definitely not going to go down because people interest in bitcoins is really huge and i hope that it will make me good money There are many big whales in the bitcoin, but they cannot manipulate the price for too long. The price will go up eventually. The bitcoin market cap is close to $10 billion now. It is more difficult to influence the price with limited funds. We need big whales to affect the price. Even a small investment trust can buy a lot of bitcoin and raise the price. Investors from that level are slowly buying in small increments in order to keep the price seem relatively untouched. This buying process can take quite a long time as they have no intention of pumping the price so others can dump it down again. |
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For me the halving seems to be a moment in time where the price needs to go up else miners will face financial problems.
The usual spirit is that the price and adoption depends on news.
Funny thing is that the price isn't reacting to good news anymore while the price goes down with the slightest form of news that a lot people see as bad news, while in fact it's not. Later once they start to realize it's not bad news at all, you see the price go up again. People somehow have a panic mechanism that takes over their state of mind in some occasions.... |
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i think that might be the case why not so many people use bitcoins right now, though we cannot do anything about it in my opinion, people themselves have to change
The average person find bitcoin too complicated and well yeah we can't blame them honestly. The hashes makes it not real as cash money is which is why a lot of people are giving up after a few tries. If this will not change, adoption will wait a long time. I often hear people around me saying "If I can't hold it in my hands, it's not real money". They however forget that the majority of their transactions happen with internet banking where the money they have on their bank accounts are just a few numbers on their screen, untill they withdraw them via an ATM. Quite ironic, isn't it?  |
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You mean Bitcoin Technologies or Blockchain as a Service. In that case, yes, it is.  bitcoin as a currency itself is a really big thing in my opinion and it is going to be worth a lot in the future, i think bitcoins will be the future of all money Bitcoin has definitely a lot potential, but it will never be "the future of all money". Bitcoin will remain an alternative to fiat money, and that's more than enough for the majority of the people here. |
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the current price of bitcoin in preev.com is $ 645, I think this is a small decrease, it can be said even ordinary. but do not worry about the price drop occurs, as it may soon bitcoin prices will go up. Well, you could say the current price of bitcoin is quite normal, one good thing about the fall in prices, because when prices decline, then the next thing that happens for sure its price will rise
What's certain with bitcoin is its continuous unpredictability. Just when we think that price is would start to go up, it goes on a consolidation phase and remains that way for a while. I won't be surprised if it goes down to below $600 even if the price has been holding up pretty well about $650 over the last few weeks. That's exactly what traders (myself included) are waiting for. There is enough profit to be made whether the price goes up or down. Volatility for some people is something they don't want to see, while for me and other traders volatility means money. |
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Now it might be a perfect time to start hard accumulation. Never the fundaments of btc have been this good and appealing. The inflation is lower than ever before.
Over all, I am pretty optimistic about BTC these days. Definetely 1000 usd/btc by the end of 2016 is a no-brainer.
Yeah $1k is not a problem now, we will be seeing this price in this year for sure, so I am busy in buying and earning bitcoin at a moment to get best benefit in future. thats true, i think that we will easily reach the price of one thousand dollars per bitcoin pretty soon i hope ill make money It is possible for the bitcoin to rise to $1000 early next year. It will rise to $2000 in two to three years.Don't think so. Can you even imagine what kind of buy support there is needed to get the price to even stay above $1000 for a month? |
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I think the bitcoin active user number will rise 40% a year for the next 20 years and the price will also rise.
Unless there are fiat currencies or banks on the brink of collapse, there is no way I can see the user base of Bitcoin grow with such numbers. Seeing the number of people adopting Bitcoin grow will be a slow progress. |
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I do. I make most of my profits while day trading, and the other part of my profit comes from having bought my coins below $250, which I sold some of very recently above the $700 level.
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The market is boring traders that are constantly looking for action. Eventually a few massive sell orders will cause stop loss orders getting activated after each other causing the price to go down heavily, and there you have your volatility back. If the massive dumps don't show up then the price will slowly go down to $630-$640 this week.
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I don't want to sit around waiting 10-30 minutes for a confirmation on a coffee that takes 1-3 minutes.
Well, the confirmation always becomes a problem for a lot of people, but you're right bitcoin it's not suitable to apply to the real life if they still having a trouble with the confirmation. For small payments local stores don't make a problem of giving you your ordered products/drinks without any confirmations. They mostly use BitPay to handle all their Bitcoin related payments. BitPay analizes your payment and from there it calculates the risk of you double spending your coins. If you includede a normal market fee, then they will accept it without any confirmations. If you add a very low fee, or no fee at all, then it will require you to get at least 1 confirmation. |
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I think a dedicated "Bitcoin store" is a bit too much, but you can definitely incorporate this in a currency exchange store without much problems if the government isn't hitting on Bitcoin usage for its companies.
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At this moment it would be a bad moment to sell, unless you are a daytrader.
Remember the price was 770 just a month ago, so if you are patient you may get that price or even more.
yeah, i think the price is unpredictable and anything is possible with it though right now for me it is time to buy bitcoins in order to make money That is a good strategy to buy bitcoins when the effect of halving is not yet felt by everyone, we should hope that the price will rise eventually to make profit from our investment and it could happen soon, we should just stick to what we believe and never give up holding. The block halving price has already been calculated in last month. If you keep waiting for it then you are wasting your time. No more halving hype and speculation that can drive the price. Right now the price must go up by demand coming from the people. |
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Getting rich is very hard you will need perseverance to achieve your goal. It requires you to have a multiple source of income the number 1 is you need to have a stable business which have a potential to grow the other is to have a multiple investments.
Reaching that goal would be hard and it takes time to achieve of being rich in future. If youre wise enough and make do a lot of work or business maybe its possible it only depends how you plan or managed your life that makes you profitable. Thinking to the future, do savings everytime and dont waste every penny you made and think of business that would give you leverage income. We should start from the bottom, we do that hard work now if we are not born rich, that would help us to develop our skills and our attitude towards work. The strategy are written all over the internet but if you do not have the will and the capital to have your own business you will never be rich. Some times there are these opportunities where you can get very rich without having any skills and such. Just take the fact that Bitcoin at the very beginning wasn't worth anything. If you bought yourself 10,000-20,000 which would cost you a few hundred bucks at most, you would be a more than happy person right now. But these times are gone. |
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although bitcoin prices have not climbed to the height, but that does not stop increasing the price, may have been when you sell that you have bitcoin, bitcoin prices back up. I also recognize that the current price of bitcoin really stable, but I have the feeling that this stability will soon expire and bitcoin prices go up with higher
Most of the people are focused on the short term price to make a quick buck.Therefore they will tell everything to influence you just to have an advantage on the market. If you are in for the long term because you are really confident that Bitcoin will be successful ignore those guys.This however isn't so easy for many of us. And that's why we see these crazy price fluctuations since a few weeks. That is true. The short term price of bitcoin is very volatile. But if you look long term, the price will rise. it will take a long time, and i believe that 2 months is the minimum for the price to shine again. Now the halving is done and there is no urge to pump the price, since investors have got their ROI now. You may be right, now the halving is gone i see investors don't have an incentive to pump the price again. The only thing that can pump the price is good news, and well we can't control that. It could be we will see a steady price for years.. which actually is good. Good news doesn't drive the price anymore. The market is just taking a break where some traders might be disappointed, and some happy with the halving, which also depends on the expectations they had towards the block halving. But at this point I think the price will go down a bit to perhaps $630-$640 this week. |
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Not very soon.Btc has not yet reached 1000$ mark so 5000$ is very far away from now on and i think it may reach 1000$ mark in the start of 2017 may be but can not say when it will reach 5000$ but surely not soon.
If that is going to happen soon, that will be not happen, because it is a very high value and that is almost impossible. But you never know what can happen with the value and that is the problem. But we hope that it will of course rise. $1000 could be reached early next year. $5000 will take longer to achieve. That could happen in 2020 or later. Early next year? Try early next month! What makes you think the price will go to $1000 early next month? I don't see anything that can possibly lift the price up that high. Beside that, if you really believe the price to go up that much, then you can safely buy as many coins as possible as we speak, right? |
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I am quite sure I am not able to do this, but there is also no need to stress myself out just for the sake of being able to remember a string of characters. And another important thing is that I don't want to point too much attention to just remembering one of my private keys as I have my coins spreaded in around 10 cold wallets right now.
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Banks would not disappear. Maybe the way banking works might become different, but even that is a remote possibility. What you need to remember is that banking is big business. If bitcoin were to cause the banking industry problems, the banks would fight against bitcoin. And they would wage that war through government; By using legislation to keep bitcoin from causing problems to their industry. And government would happily play along. yes banks will never disappear. but i think bank and wallet will work together. they will be really helpful for each other. and may be banks become more prfitalbe once they accept bitcoin. Banks will never adopt/incorporate something that they have zero control over. And let's say the bank is willing to do this (won't happen), then there is still the government that can get in their way. Just let the idea go. |
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