Keep in mind that a "crash" doesn't imply an impending value of 0. The stock market and housing prices went through bubbles in 2001 and 2006, but they didn't fall to 0. It means a return to a value that can be supported and sustained (or lower due to overreaction) based on utility. I believe that price is far below the current price.
Obviously something will pop before then, but what do you think would happen if polished lightning networks and much more segwit integration happens while the price is still eating the world? |
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I think the bitcoin will increase in december because many will buy their bitcoin because the coming christmas bonus and i think the bitcoin will increase in 2018 because many will invest it and many are buying bitcoin and maybe the price of bitcoin will increase and we may be surprised that the bitcoin has reached $ 50000 in 2018 or higher.
I wouldn't discount the start of a new American tax season in January. I've seen multiple holders say they're waiting until then to sell and they surely have a lot of gains to realise. It might only be a blip but it could be a big one. |
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You could look into dollar cost averaging - buying a set amount at a set time over an extended period.
If you'd started in late 2013 and finished up in 2015 you'd have 3-5x more coins for the same outlay than if you'd bought all in a panic at the peak.
Of course there's no point in comparing a specific period of the past to now, but it might also bring on a more objective mindset.
Will it continue to grow? If you're looking towards the next decade then you're still an early arrival.
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To me the Dotcom bubble was ridiculous hype about an immature technology that people didn't understand the implications of. The original applications were found severely wanting and premature, crashed horribly and then the real underlying potential blossomed.
I think crypto will follow an eerily similar path myself. Bitcoin is in with a chance because its aspirations are simple, comprehensible and it's been around since minute one whilst barely missing a beat. I'm not sold on anything else around right now surviving.
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Eth the pumpers choice tonight ...
yeah this is the reason for the pump: ethereum's newest and biggest ICO: Give it a couple more years and he'll be able to place his brain in a jar and hand his body over to a Nike fitness brain who'll return it in peak condition a couple of months later. He can still do conferences from his jar like Charlie Shrem already has.  |
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Too ambition to imagine BTC at $100000 in year.
And what were your feelings at the start of this year? Mine sure as shit did not encompass brushing the twenty thousand dollar mark. More eyes than ever are on this space and there's still only a few million who've actually taken the plunge. It could happen faster than anyone expects. I certainly don't expect it next year but even more ludicrous moves will happen at some point. Lightning Network is being tested as we speak, and even you could choose to contribute by reporting bugs, potential issues, etc. Ultimately, we need something to bring Bitcoin to the next level, because if that doesn't happen, Bitcoin won't be able to cope with the increased demand, which is something that we at all times should avoid. It's clear that Segwit alone won't do much in that regard, and that's something obvious even without Segwit being utilized right now. It was never meant to solve anything in terms of scaling, but more to buy time in the runup to Lightning Network. We'll see what happens, but I am confident in a good end result, where we definitely need it to succeed in order to stimulate further adoption.
Hope so. As for the suggestion to contribute, I don't even know how a bit of string carries sound between two cups so I won't be of any use. |
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Once that the lightning network is fully adapted on the network, it would be a really booom on the community, everybody would like to test paying shitty stuff of less than five dollars using bitcoin, because it would be possible.
What if the lighting network never get it working right on a larger scale or the working right version is massively limited in some way? The intention is there. Who knows what the final delivery will look like? |
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WuVer coin soon will go FUBAR, will solve the issue once and for all.
There is "Bitcoin" et puis tout le reste.
It'll be integrated by Bitpay soon enough and then it's cemented forever. From that day on it'll be like an elderly man's penis in an opposing tower block that's flashed at you but you can do nothing about. |
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The only dangerous part is that if they do it once, they'll likely do it another time as well. These people don't see how much risk they expose themselves to, and for that reason will keep doing this in return for quick wealth.
I think it can only happen once. After you've done something that stupid you've either learnt your lesson or you don't have any money or credit to attempt it again. I'm pretty sure the people most prone to doing this will also be the first to sell as well. If you'd taken a loan in 2013 you'd be humongously up by now, but most will have cracked long, long before. |
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There was actually a reason behind it that had to do with how bytes are divided or something like that, or maybe with the gold supply... I remember reading some theory about it, so it was not fully arbitrary, there was some thought put into it.
It's similar to the 1MB blocksize, it is what it is, but there is also thought put behind the number. Satoshi didn't simply roll a dice and choose these numbers.
It's detailed here - https://bitcoinmagazine.com/articles/satoshis-genius-unexpected-ways-in-which-bitcoin-dodged-some-cryptographic-bullet-1382996984/Quite stunning how much thought went into every possible aspect. That's why I think it was a group that did. A bunch of heads finds many more potential holes than one. |
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Lol, what about mother in law?
No. I hate grandma. |
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Today there was confusion with a so called IT expert, about how it is possible that BTC consumes 13% of all electric power in Holland and 39% in Belgium... .
If it weren 't so deplorable, I would laugh at it too.
That why i like the "infos" on forum : http://www.zerohedge.com/news/2017-12-11/no-bitcoin-wont-boil-oceansA recent report suggests that at current prices, Bitcoin miners will consume an estimated 8.27 terawatt-hours per year.
That might sound like a lot, but it’s actually less than an eighth of what U.S. data centers use, 1 and only about 0.21 percent of total U.S. consumption. If I was a stupid person like me I'd be dead impressed by those figures. That would mean it MUST be worth mortgaging grandma if it costs more than the solar system to run. |
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I'd love to know more about too. It's kind of the make or break mystery about it all. If they're not fluid and capable of being rerouted that makes them an order of magnitude clunkier.
There must be a few people here who have a good grasp of it. I'm definitely not one of them. Can anyone chime in?
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Didn't the bears go extinct in the Bitcoin universe? 2017 hasn't been a happy hunting ground for bears. At each record breaking price, certain bears would have gone bankrupt by being on the wrong end of the trade. Now, you would have hardly any left. And even those would expect the price to decrease by only a few thousand dollars.
If there's a price fall of a few per cent we immediately get nobody accounts filling the front page. They're out there. They're just waiting. It's going to fascinating to see how bear psychology works this time. In 2014 you really could have convinced some people that Bitcoin was going to die. These days a fall could be proper ugly, but it's ever so slightly hard to ignore the activity exploding around it. I'm sure they'll give it a try anyway. Note - this apples to nutter bears, not proper ones. |
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Japan's position is going to make more than a few other governments think twice about attempting to strangle crypto.
They're going to look like utter twats screaming the house down about it when people can point to Japan where it's being used contentedly and fully above board. I don't think Japan's full implications have gotten anywhere near sinking in yet.
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Just over 9 billion dollars away from reaching a half trillion total market cap for everything. Most of that is of course horrifically gamed and meaningless, but still I didn't wake up this January expecting that.
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What are your plans for network fees? Will you try and keep them low or is it not worth the screeching from customers waiting?
You should definitely look into alts as well. Imagine how much business you'd be doing if you were selling LTC right now.
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I'm going to guess that the Reddit guy is the one he's referring to, he's probably also the one and only person in the entire world who's admitted to doing it too. Still, it makes for a good angle.
I remember watching 2013 play out. There was loan talk then too. People were desperate to get in when it had 'fallen' to $900. I wonder how many sat it out. Sad to witness but completely unsurprising.
With Bitcoin there's enough history to guess what could happen again. If you're too blind to it and refuse to consider it then you're going to get what you deserve if it goes wrong.
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Can you go make that real quick and start marketing it as such? If you are smart you should be able to knock that out in a weekend. And I think if you just say it enough times, people will start to believe it.  I've just got a wifi extender so I can knock that out next time I have a shit. I'll keep you informed. |
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