|
Segwit locked in didn't has any impact on Bitcoin price as it was already anticipated by the community. But the benefits it has to offer will further increase the price because of less fees and thus increasing the use cases of Bitcoin.
|
|
|
|
|
Bitcoin is like an investment asset same as stocks. The best time to sell it depends upon how much profit you intended and whether you need your money when your asset is appreciating at a good rate. It solely a personal decision.
Bitcoin is a deflationary currency and hence its price will keep on increasing with time. What I suggest others and what I do myself is to keep money in Bitcoin until its needed. Bitcoin is best asset to grow money.
|
|
|
|
It was also the eighth of August. SegWit left and again nothing significant for bitcoin has not gone through. And why worry? And bitcoin continues to grow in value.
Tgats right. 8th od August passed imperceptible and without so much panic and stress as it was a week ago. All this changes didn't bring those results I was hope for, besides a higher price. I think we will never see again cheap transactions. The price has moved only in a one side, and it's constant growth. There wasn't any panic left with respect to 8th August. Segwit was already supported by 95% miners and everyone knew that lock in period will go smoothly. |
|
|
|
|
The community has happily welcomed the Segwit that we can see through the price appreciation. But still the scaling debate hasn't over. There is still a fork scheduled in November. There would again be an uncertain period during November. But other than that we will see an uptrend in the price.
|
|
|
|
Good morning, I was thinking of asking a little question, I'm new to all of this BITCOIN and I wanted to ask if any of you can answer a question? I missed the opportunity to buy BITCOIN on lower price , does anyone know if it's going to go down or is going much higher? Thank you !
If you will wait for lower price to buy, you will keep on waiting. Bitcoin is always appreciating with some short term ups and downs. The last month was full of FUD and uncertainties and hence the price was at all time low of past 3 months and there was a best opportunity to buy. This situation might happen in November that price might fall by $1000 because of fork. But till then price might touch $4500. So, I would say invest in Bitcoin right now. You will most probably can double your amount by next year. |
|
|
|
I just read on Btcjam blog that they are closing down: https://blog.btcjam.com/2017/05/25/btcjam-is-closing/, now I am just wondering if big players in thebitcoin industry are closing down, is there any future for bitcoin really. I came to know about bitcoin through btcjam when i was introduced there to borrow. Eve in this forum, looks most signature campaigns might close down because of the ever rising price of bitcoin. Most of them have reduced their payout amounts for posting by more than 50%. Is this a good sign or a bad sign for the bitcoin development? The thing to remember is whenever a big player shuts down whether it is an exchange, a mining company or anything related to Bitcoin. New players come into scene. Nobody losses that opportunity. Bitcoin is such a strong asset that these small shut downs doesn't matter now. It was a big phenomenon during Mt. Gox. But now Bitcoin is much stronger to not be affected by such shut downs. There are many personal reasons for a company to shut down. We shouldn't see them as an end to Bitcoin as was in the case of Bitmixer shut down. It was completely personal and not related to the state of Bitcoin. Completely opposite to your claim, Bitcoin is getting more stronger with time. |
|
|
|
We are beginning to see the use of anonymous altcoins in practice. In this case it is the use of Monero as an escape passage to go around bitcoin's traceable blockchain to hide transactions by criminals. Is this the future of the cryptospace? Will privacy and anonymous transactions become major selling points?  A new blockchain in the mix
In context, the fact that the coins are moving at all is something of a shock.
As early as May, it was widely felt the hackers would be unlikely to move the bitcoins for a long time, if at all, as it would be difficult to cash out on major exchanges that monitor stolen funds to meet regulatory standards.
Again, there's also the open nature of bitcoin's blockchain. Those interested in watching the coins move were gifted an easy task, as the WannaCry hackers used only three addresses to collect the ransoms.
But, in an evolving blockchain sector that seems to continue to find new ways to surprise, it could be other blockchains that end up closing the dramatic story.
Of the total funds, $36,000 in bitcoin has now moved through Switzerland-based cryptocurrency startup Shapeshift and into the open-source, privacy-oriented cryptocurrency, monero.
And the switch to the monero blockchain could make things complicated, since it uses several different means to obscure the identity of its users.
Created in 2014, monero is best known for its innovative use of "ring signatures," which are utilized to mix user public keys and account keys, creating a "ring" of possible signers so outside observers can’t link a signature to a specific user.
The cryptocurrency protocol also uses "stealth addresses," which allow the recipient to publish a single address, but the coins are sent to a separate, unique addresses.Read the full article https://www.coindesk.com/wannacry-move-bitcoin-theft-evolves-multi-blockchain-world/This is not the first time a technology is being used in wrong practices. Take for example internet. How useful it is but at the same time we have dark web full of illegal activities. But we tend to ignore that and so does the government. Regarding Bitcoin and other cryptocurrencies, it is indeed easy to escape law enforcement agencies and thus has a dark side. But we shouldn't forget its usefulness in terms of security and decentralisation. It is not the first time a currency is being used in illegal practices. Nothing is more anonymous than cash. |
|
|
|
I think this happens in altcoin trading when the price is pumping and more people are getting in because of the sudden increase in price. Then the buying power is getting slower and in the blink of an eye there is a massive sell causing the price to decrease suddenly. Some traders panic selling low to stop their loss and then after a time price will increase again but they already sold it.
Pumping is done only for traping new traders who doesn't have much exposure to the market. In starting almost everyone falls for that. Understanding in trading comes with experience. Doing a profitable cryptocurrency trading isn't easy. Cryptocurrency market is highly volatile, unregulated and decentralised which makes it tough to predict. Unlike stocks they aren't backed by the profits of a company. Anyone sells and buys at any price. Most of the people make loss in crypto trading according to my experience. |
|
|
|
I think that trade is not like gambling, because with the acquisition of experience and knowledge it is possible to consistently receive a good income unlike gambling which is based only on luck.
I agree they are different they cannot be considered the same, gambling is only base on luck which we don't know when we will make profit from it, unlike trading we can use our knowledge and analization we can make a good profit from it.. Gambling is pure risk while Trading is part gambling, analysis and skills. On forex, I always see a reminder that trading invloves high risk but we're lucky there's a crypto exchange that trading a small amount of is allowed. It is the same for forex or crypto but people think that it is not the same. I dont really care about forex because we are crypto lover. Some day crypto is going to own forex but it will not be the same as gambling. Trading will remain as trading and gambling will remain as gambling that is why these are two different thing Forex and crypto trading are quite different. Forex involves centralised system and it has regulations which make it secure of various scams. But in crypto trading which is highly decentralised pumps and dumps are very common. Everyday numerous shit coins come and rob people off their money. They are only same on trading perspective. In trading we make a bet on coin after analyzing market, reading the past performance and the project it is based upon which makes it a mixture of luck, strategy and analysis. While gambling is pure luck and is just an enjoying activity. But trading is a serious business. |
|
|
|
|
More than bitcoin, the blockchain technology which is behind it, is a revolution. It is one of the hottest and most intriguing technologies currently in the market. Blockchain has the potential to truly disrupt multiple industries and make processes more democratic, secure, transparent, and efficient.
Soon all the industries and governments will include blockchain technology in their system.
|
|
|
|
When the blockchain hard forked, I did not care about splitting my coins. But when I saw it was trading at more than $500, I decided to split them later and to wait for the price to go higher. But the price dived and now I regret it.
What about the rest of you, have you already dumped?
The price was set to drop in hours after the hardfork. But it took time because various exchanges didn't open the withdrawal and transfer immediately and people weren't able to claim their BCH easily. You definitely did a mistake in waiting for dumping your BCH. I was able to sell my half of the BCH amount at $800 as they were on exchange and the other half at $400. So overall I made a decent profit out of my free coins. |
|
|
|
|
According to me the price will reach $10,000 by the end of next year or in the start of year 2019. The increase in demand highly point in that direction. With various merchants accepting Bitcoin, mainstream media covering Bitcoin and countries making it legal, popularity rate is increasing and so does the demand when the supply is limited. Thus the price is set to increase with a good speed.
|
|
|
|
I was thinking about this earlier and I wonder what everyone's thoughts are on it. I think a lot of folks are trying to set an expected 'max value' on what bitcoin can and should be. I suspect it will enter the realm of something like the derivatives market where the total value of all derivatives is more than even all the money in the world.
If you think about it, the market cap is simply pegged on what folks are willing to 'part' with their bitcoin for. For that reason, it's completely possible that as it hits insane valuations, just about nobody will be willing to part with it. As this happens, at some point someone can say the current market cap of Bitcoin is so high that all the money in the world couldn't buy it all out. (and that would be just fine!) Just like the derivatives market with all the money in the world couldn't cover all the existing contracts, all the money in the world won't be enough to purchase what people are willing to sell their bitcoins for.
So while some folks see an upper threshold of something like all the gold (7 trillion) or world GDP ~80 Trillion, bitcoin could go even higher than that.
That should be interesting!
Bitcoin is about to break all thresholds and there is nothing stopping it, it's like that train 777 that's set on aa automatic break and no one to stop it. All the alts have failed, Bitcoin cash the so called alt that horribly failed, all the government can try putting in the restrictions but they won't succeed at all. All the factors point that it's going to succeed and that's the best part. All the ats have failed? Did you see the market cap of altcoins is 53% right now? With probably about 90% of that being top 10-20 coins? Alts are extremele close to bitcoin and there are some promising projects just waiting to inch closer. Yes, some major alts are close enough to bitcoin. As we can see the rocket speed of bitcoin, bitcoin will also take many alts with it. Altcoins will also take a great height. Some alts like ETH,LTC,DASH, etc will sure take a pump. It is getting difficult to predict any of the cryptocurrency market for now. No Altcoin is close to Bitcoin in terms of marketcap. The second highest marketcap is of ETH which is less than half of that of Bitcoin even when volume is of almost 93 million. Regarding Bitcoin marketcap surpassing whole volume of cash is definitely possible theoretically. But far away from where we are. Bitcoin still has marketcap of some Billions. It need to have huge demand for that and it will take many years. I doubt till then Bitcoin will survive. |
|
|
|
Real money can't disappear because there no offline cryptocurrencies. I can see them working side by side and completing each other.
In future everyone will get online. So online currency is ultimate future of this world. But the reason that cryptocurrencies can't eradicate currency backed by central authority is because cryptocurrencies are decentralised and hence are very volatile. Volatile currency hinders the economic growth of a country. Only a stable currency can be used as national currency. |
|
|
|
|
The future of BCH was doomed even before fork. People were wary of the hardfork and all that BCH drama. The free distribution of BCH was set to take the price to 0 as most of the holders had sold their BCH as soon as they got it. Added to that their slow confirmation of transactions when they provided transaction speed as a plus point of BCH. The future is doomed. Nobody gonna care about BCH after this month. I have already sold my BCH so does most of us.
|
|
|
|
|
BCC has created some confusion among the Bitcoin holders related to split, withdrawal, wallets etc. That is why I think Theymos allowed it to be discussed in Bitcoin board. Else it is nothing more than an altcoin as any other coin else than Bitcoin is simply an altcoin, no matter how much is it related to Bitcoin.
|
|
|
|
I lost a lot to crypto when was a beginner.
Lesson well learnt
I don't go in for big profits in short term
It's very dangerous
That’s a wise decision. Indeed going for short term investments in order to enjoy big profits is very dangerous. In this case, you are putting your money at risk. To make big and grand profit with bitcoins, you really need to invest for long time. Patience is needed to work profit with investments. Altcoins are good only for short term trading as we are seeing litecoins and dogecoins are trading with same level of BTC value. But there are good for trading for short term. Instead of struggling with day trading and short-term trading, I always preferred to hold bitcoin as a long-term trading. It is highly profitable than any trading strategy. In my experience, bitcoin investors are making more money compared to bitcoin traders. There could be many exceptions but most of friends in trading are agreeing this. Altcoin market is decentralised which makes it unpredictable and uncertain. Only some experts and pump and dump group admin can make a considerable profit out of altcoin trading. For others, trading usually bring loss. Sometimes you can make a good profit out of it but not always. Bitcoin is perfect in this sense. It gives good profit out of your invested amount and also is least risky. We always have seen growth in Bitcoin when it comes to long term. Bitcoin investment can provide many profitable entry and exit point. But Altcoins can't. |
|
|
|
|
Bitcoin will definitely touch $3500 by the end of the year. $3000 is quite reachable by September. Till November it can easily touch $3500. After the 2x hardfork in November which wouldn't be drastic the price will gain momentum and would easily reach $4000 by December.
|
|
|
|
OP, it's not good to go all in on bitcoin because as such split happened you cannot leave everything over time and sit back and wait because circumstances like this and many may take place amidst and spoil everything for you. Changing your investments and switching them over time is the best way to be safe all time, this is my personal experience after this BCH shit.
But after a month of speculation and uncertainty, everything came back to normal and now Bitcoin is growing up. These events might create a problem for short term. But Bitcoin provide excellent return on investment when hold for long term. So, investing in Bitcoin is profitable and people should go for it. But yeah I agree diversifying investment is indeed important. |
|
|
|
Bitcoin exchange Coinbase has reversed its decision to support bitcoin cash. The company now plans to allow customers to withdraw their new cryptocurrency by January 1, 2018. Coinbase on Thursday announced a change of plans regarding its support for bitcoin cash (BCC, BCH), the new cryptocurrency resulting from the August 1 hard fork. The exchange wrote: "We are planning to have support for bitcoin cash by January 1, 2018, assuming no additional risks emerge during that time. Once supported, customers will be able to withdraw bitcoin cash." Continue readinghttps://news.bitcoin.com/coinbase-bitcoin-cash-withdrawals-january-2018/ They were already being criticized a lot that they are robbing people of their BCC and earning profit themselves. But Jan 2018? What took other exchanges 4-5 days will take them 5 months. Till then BCC price would drop to nothing and everyone would most probably forget about it. Let's see how BTC holders on Coinbase react to this. |
|
|
|
|
Show Posts
