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I use bitcoin to make payments where I do not want to mention my name.
That was the main reason why I went into bitcoin at first.
Then I discovered that there are many other things that can be done with bitcoins.
Now I do a little trading, save a few coins in case of an increadible price increase, and earn a little with my sig campaign.
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It all has to do with the miners that they are operating in their part of the world.
The mine so much that they hold most of the mined bitcoins being available.
The price most definitely is driven by that factor of the bitcoin ecosystem.
I believe as well that bitcoin price is driven by the bitcoin ecosystem. Chine is the country with the highest number of people. I think that when the number of bitcoin users in China grows, their influence on the bitcoin ecosystem grows as well. In the future Asia, especially China will have a much bigger influence on bitcoin than it has today. Not because of the miners, but because of the people who use bitcoin. |
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We don't have one here in our country and I know couldn't have one in the future because bitcoin is not that popular in our country and the leader's here in our country doesn't support all the things that benefits the most of us, the thing that they only want to support is those things that only benefited all of them.
I think we have three in my country. All a few undered miles away, so I never was able to use one. But from all I have heared, the fees are just too high. I suppose that is the reason why ATMs have a hard stand in general. |
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The question is what a bitcoin bank would look like.
When it's just a place where they store your coins for a fee, well, that's what wallets are for.
When your coins are insured and the bank helps you buying and selling coins directly with your account, then it would be different.
I'm thinking of a bank based exchange, connected to the bank account. That would be something people have interest in.
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30-40 % people around me know about Bitcoin. Recently, it has also got much publicity in newspapers my country. I live in India. Recently, a great step was taken by our government to ban big notes and replace them with new ones.
In this transition, our Prime Minister has encouraged to get online for transactions
1-2 years back, people around me only knew about how Bitcoins were used by terrorists and in illegal activities.
Now the picture is different. It is being viewed as a replacement for bank transactions.
I must agree that the image in the media about bitcoin has turned, at least a little. A few years go most news in mainstream meadia about bitcoin was bad. It was like bitcoin was made responsible for the crimes people committed when bitcoin was involved as the way to move money. Now I still read mostly about crimes when bitcoins are mentioned, but the focus of the story is back on the crime, not on bitcoin anymore. I get the feeling that for the media it does not matter anymore if a criminal wants cash or bitcoin. |
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Ethereum is bad. It'll be outdated within a year from today. Better smart contract platforms are coming.
Ethereum project can still be saved, if developers will stop being celebrity and be committed to the project, another thing I notice is that most of the founding developers have moved on to another project and result in talent drain from Ethereum found though they have money to employ good developers That is the issue I have had about the developers, they built a project with a lot of prospects but the issue is after the launching and everybody applauded the next thing we see is abandonment either that they have made enough money and decide to cash out or the project is not bringing the envisaged dream in the short term. No support, no solidarity and thats all we get to see about the project... And we wait again for the next project... It ain't broken at all. its being used and the rest of the tokens these days run on ETH network. what is there to fix when its not broken as it runs perfect. its normal to see ETH price go down since bitcoin goes up. If ETH goes down, its never a problem it always bounce back. No worries. You may read about the latest news of ETH Chain; There were some issues again. Isn't about ETH trading but his fork was coming anytime. Vitalik will be updating a new chain for ETH. You don't have any idea why its being fork constantly? Well ETH is the most useful platform like its the beginning, its idea was copied many times such as Crypti being copied all the time. This is because thier platform is very much useful and there is no way to stop this train. I don't see ETH go belly up as well (yet). But those in charge really must put an end to that fork odyssey. Trust into ETH is already at a low, and crypto currencies are a fast-paced business. If trust can not be reestablished soon, I think it is very likely that another currency will rise up and take ETHs place of the 2nd importynt currency. That would be the point when the ETH project is done. At least in my opinion. |
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Hello,
I have been looking at the price of the Bitcoin and it is obvious that the price keeps on rising. I was wondering what the price of the Bitcoin would be in 2017. If anyone can come up with a estimate..... Or vote in the poll. This is just a topic for debate.
High possibility bitcoin would be around current price - $1000 in 2017 if there is no problem and bitcoin adoption keep increases. It maybe hard to reach $1000 if we don't make any progress as this month the price seems stagnant at $730, it's good than before of course and we hope the price keep increasing. I think that we will surpass 1000$ in the second half of 2017. After that there can be a longer period of stagnation, so I would say by the end of 2017 the bitcoin price might be somewhere slightly above 1000 dollars. Always presumed that there are no incidents on the market nobody can predict. |
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I like technical stuff, computers, programming and those kind of things.
Then I like the fact that I can make payments without giving up any details of myself. At least if I do it smart.
And then I like the fact that government or tax authorities have no access to my transactions.
Bitcoin combines all that.
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I strongly doubt something like that is ever going to happen.
I really believe there are too many bitcoin friendly countries in the EU.
By the way, don't they have bigger problems to solve at the moment?
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I see potential for bitcoin to reach $50,000 in out lifetimes, but there is no guarantee. A lot of things have to go our way for that to happen. But we have seen some good gains over the last couple of years.
Before the price of bitcoin reached 50k$ maybe that time im dead. Its to hard for bitcoin to go up on that price cause its too high to reached. Bitcoin cant even go 10k$ . I am not even thinking that the price of bitcoin will ever reach up to $50,000 and for sure we were all be dead if the price of bitcoin reaches that. And it is quite hard for bitcoin to reach up to $1,000 and how if the price is going to reach to $50k but still we don't what will happen for bitcoin is full of surprises and there are some who do believes this exaggerated thing will happen. In fact to reach for prices of bitcoin to such a high price it will take centuries, but the confident of the people may push to happen relatively early too. I think people will not feel their investment is secured in such a high price, and also that bitcoin will become out of reach of common people they may not be afford to purchase bitcoin in such a high prices. I can imagine that one day in several years we might see bitcoin be at about 5000$. But I really do not think that it will get higher. There are just too many investment opportunities out there, and too many other payment options as well. |
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Actually I'm not very happy about this developement.
I think that bitcoin needs at least a little bit of competition, and I thought as well that ETH could give that.
The way it looks now, after all those forks of ETH, is that bitcoin is heading towards 90% of the whole crypto market capitalization.
I wonder if that is really a good thing for bitcoin.
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To me it makes most sense to simply keep the bitcoin.
Trading is risky, investing stupid in most cases. Lending is totally not an option.
I prefer to take the conservative path with bitcoins and sit on them until they seem to me at a point where I decide to sell.
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I buy bitcoins because earning them with a signature campaign is a very slow way to get bitcoins.
Besides, sometimes I want to buy things where I do not want to have my name involved.
And then I have some coins as an investment into the future. I believe Bitcoin has not reached its maximum price by far.
Last but not least, sometimes I do a little trading as well. And for that I need bitcoins.
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I do not call 50 usd a small change on the current price. That is more than 5%!
I agree that some people overreact when the price changes by 10 or so USD, but a 50 usd drop usually means something bad is going on.
Fluctuation is part of bitcoin, just as it is part of anything that is being traded on an open market.
I wouldn't call a $50 drop bad.It happened so often before. To me it just means that some big guys are playing with the market again. And when that happens I try to stay out of trading because it is too unpredictable and the chance of getting burned is high. I think as well that drops in a range of 50$ do not matter. Sometimes they happen just because it's weekend and the amount traded is not that high. Then even a smaller fish who wants to liquidate his coins can lead to a drop. I have learned to stay cool meanwhile. |
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I always send my coins with the smallest fee possible. If it were possible, i would send them without any fee.
If this fee thing increases a lot in time, i will definitely dump my position on bitcoin and gtfo. Because it won't make sense to use it anymore.
Really you would dump bitcoin because of the fees? I will keep using it.Just alone because of the potential of future growth it is having. As long as the fees is cheaper than the all the other traditional one I will be happy! If I send coins worth $10k for a fee of bucks there is no reason in my opinion to complain about. Bitcoin might evolve to a network for big transactions who knows!And small payments will happen on higher layers or maybe sidechains. It is always a question for what bitcoin are used. When they are considered to be an investment, the fee usually does not matter. One time bought, one time sold after a long time. That's it. But when people actually want to use bitcoin as a payment system, the fee will matter a lot. I personally would not buy something worth 15$ if I had to put one dollar at the top of it just to make the transaction. Hopefully we will never see that developement. |
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At the moment ETH is pretty much on the ground. All those forks rattled its reputation.
Especially today it went down over 10% at some time.
But on the long term I see no other coin to fill the gap between bitcoin and the rest of the altcoins.
When the fork time is over, dust has settled and trust is regained, I can imagine ETH to come back. But that will take a while.
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Most European governments, if they have not include provisions in their legislation they follow european directives. I believe that till now keep ‘wait and see’ policy and they expect another one EU directive too whether the occupation and bitcoin trade brings income so taxation is matter of time.
If in fiat there is money laundering, is there any possible way in bitcoin world is there also case for those people who are carrying too much bitcoins in thier wallet due to thier illegal activities? I think just like bank, the rules in international bank will slso apply by the government on bitcoins. I think putting tax on every transaction was on the number 1 list of the rules. but the question is how much could it be? And if you purchase using bitcoins, aside from transaction fee, how much is the additional payment for tax?Methinks, you should rather ask yourself first how the government is going to collect such a tax if you think they are going to tax every Bitcoin transaction. That would obviously require changing the Bitcoin protocol and code base, but would anyone continue using such a Bitcoin even if that were possible? People would quickly switch to a Bitcoin fork without taxes hard coded in it. Taxing a bitcoin transaction makes no sense from a technical point of view. I think that taxes for exchanging bitcoin into fiat and back will be something we will see sooner or later in every country. That's a point where a government can use it's power over the bank accounts of the people. |
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I just took a small look at this investment.
It looks like one of these stocks is traded for about 10$ more than the actual bitcoin price.
Why would anybody pay more for a bitcoin in form of a stock than for a real one?
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I do not think that the effect on bitcoin will be big.
The stuff people buy comes usually from larger companies like amazon. And those do not have bitcoin as a payment option in most cases.
Maybe black friday will have even a small declining effect on bitcoin price.
People buy things they don't really plan to buy because they are cheap. Then there is less money available to them they can put into bitcoin.
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Maybe the question means why we need to use bitcoin instead of saving it.
Then I would say that all those online shops who offer bitcoin as payment need to make some business where bitcoin is the payment.
Otherwise they will remove that payment option again. Popularity of bitcoin would decrease, bitcoin maybe even vanish in the pulblic notification.
So I would say: for bitcoin itself, using bitcoin is a good thing.
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