I think altcoin are riskier than bitcoin if we talk about bitcoin value so I think it's difficult for people to keep interest on altcoin
Also in other side , altcoin value are less than bitcoin , especially when altcoin are often to scam
True. There are many altcoins which are scam, and provide little to no value at all. But there are promising altcoins like Ethereum, Monero, and Dash which deliver constant development and have a solid user base. I tend to prefer to use altcoins for everyday transactions, since they confirm much faster than Bitcoin, and most of them have extremely cheap fees. As for Bitcoin, it can be used as a store of value nowadays, but would not be very ideal for everyday transactions as they take minutes (and sometimes even hours) to confirm. I'm hoping that at least one scalable solution gets approved for Bitcoin to scale and put an end to the high fees that it has now. Just my opinion.  |
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At this point I am rather sure that bitcoin will never be a good currency for daily use.
That is, unless something will drastically change, i.e conflict between miners and Bitcoin Core-Blockstream developers will be resolved somehow,
we will see some kind of consensus, protocol will be updated etc. Bitcoin enthusiasts are hyping bitcoin and expect main adoption and acceptance as payment method.
How Bitcoin can be used as global payment method when 1 MB block size limits BTC capacity to 7 transaction per second?
You do have a point there, mate. The constant debate about making Bitcoin scale, and the disagreement between miners and Core developers, might limit Bitcoin's ability to grow. If no decision is made towards helping Bitcoin scale, then the pioneer cryptocurrency would remain as is with higher fees than ever. I guess that people would look for other faster alternatives like Litecoin for their everyday transactions. Bitcoin would not be used as a payments processor, but more as a store of value where it involves minimal movement in transactions. Nevertheless, the day when Bitcoin would scale to its full capacity, would be such where the pioneer cryptocurrency would become a better rival against PayPal, Visa, and other traditional payment processors. Just sharing my thoughts.  |
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If you are lending on poloinex then I would suggest that you handle the loans yourself if a potential box is going to charge you 10% (on top of what poloinex will charge) you can make loans up to 60 days on poloinex (and 30 on bitfinex), and can set up your account to automatically create a new loan offer once the prior loan is repaid. Loans can be repaid early on polimoinex and bitfinex and interest rates can move below your offer, so you will want to monitor your account periodically to see if you might want to lower the interest rate you are asking for.
Thanks for the advice. I had my doubts using the bot at the first place, since it had a 10% fee which would limit my ability to profit anytime soon. I guess that it would be better to do it manually, to get the most out of my lensed Bitcoin. One thing that I have been wondering is, if either Polo or Bittrex offer protection for your lensed coins in case the borrower does not pay. If there would be some kind of protection, then I would lend most of my coins with confidence. |
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I think that Bitcoin has the potential to get a larger value within this year of 2017. The price per coin reached $1,000+ and the people holding the coins are using Blockchain like nothing. Blockchain technology used to be kind of tough to understand -now there is more people asking technical questions on the deep portions of Blockchain.
Bitcoin is getting known day after day. It won't be that long till mainstream news and movies use it as the subject of Currency.
That is certainly true. As Bitcoin continues to rise in value over the year, more people become interested into it as a store of value, as well as explore the underlying technology called the blockchain. If Bitcoin continues to expand, then I have no doubt that it would become used as a mainstream currency. It would be very surprising to see a celebrity using Bitcoin on a movie, sometime in the future. When that day comes, those who haven't heard about Bitcoin will become interested into it, thus spreading its adoption. Nevertheless, I will continue to hold most of my Bitcoin, as I believe that the price will increase $1500 and above. Just my opinion. |
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I would say Zcash was very much over valued.It was around $1388 equal to roughly twice the price of bitcoin,1.91 btc.Price of zcash today is 0.03320712.As far as anonymity is concerned, monero is far better than zcash.Instead, you can invest in zclassic.
Exactly. It was all about hype, since there existed several altcoins like Monero and ShadowCash with better anonymity. When I first saw ZEC's price, I refused myself to invest in it during its first days, as I had the feeling that it was going to decline over time reflecting its true value. Those who invested early into ZCash might have experienced huge losses if they kept their holdings until today. Still, I believe that if ZEC aims to deliver true development, innovation, and most importantly, usability, then it could rise in price and popularity once more. In the meantime, I would continue to invest into ZCoin and Komodo since they are very promising coins with good development. |
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Segregated Witness softfork is currently being voted by miners on litecoin network, it is also failing to get massive support there, although it only requires 75% to become active. http://litecoinblockhalf.com/segwit.phpWell, at least it requires a less number of miners to accept it, unlike Bitcoin, which may be very difficult to achieve full consensus to it. The way I see it, it will be very hard for any cryptocurrency to achieve full consensus on SegWit, unless it had a very small network of nodes and miners. Up until now, there are several cryptocurrencies that have implemented SegWit into their code. Those are Bitcoin, Litecoin, Viacoin, and most recently, Vertcoin. We'll see over time which of these coins gets to activate SegWit first.  You want to know what is going on behind the scene? I can help you with that. I've read recently statement of ViaBTC, a Chinese Mining Pool operator about current situation of bitcoin scaling progress. In short, they are disappointed with the Core Dev Team and think current development is conducted against Satoshi's original vision. Here it goes: ViaBTC is of the opinion that the current "Bitcoin Core + Blockstream” Bitcoin development team is not taking satisfactory steps to ensure the growth and advancement of Bitcoin in accordance with satoshi's original white paper, and is in fact actively harming the health of the Bitcoin economy by actively stifling efforts to solve some of Bitcoin’s most pressing problems.
The reason why this Transaction Accelerator exists is due to problems created by Bitcoin Core’s inability and unwillingness to deliver any sort of meaningful protocol upgrade over the last several years, against the desires of the Bitcoin community at large. Those who have attempted to deliver the necessary upgrade have been vilified and silenced by Bitcoin Core and their affiliated censored media channels. Average users who dare to disagree are banned and have their comments deleted.
Rather than viewing Bitcoin as a fast, affordable, and reliable payments network, as it has been for years, they aim to transform Bitcoin into what they call “a settlement layer”, defined by high fees, unreliable transactions, and a labyrinth of complex overlays that require third-party trust on top of the basic system.
This development team has further prevented the ability of the Bitcoin community to freely discuss this radical change of direction by tacitly, and in some cases explicitly, supporting censorship of Bitcoin’s largest discussion forums, along with the outright banning of many prominent developers, businesses, and community members who have differences of opinion with Bitcoin Core’s current roadmap. After years of stagnation, stalling, and broken promises, it has become clear that positive change will not come from Bitcoin Core, but rather from the diverse group of alternate development teams that have emerged as a result of Core’s tactics. Thanks for the information. I guess that this explains everything, and it would only be a matter of time before there is most consensus from miners and nodes, to switch to a different Core alternative like Bitcoin Unlimited. I've seen one of Gavin's tweets recently, where he encourages users to run Bitcoin Unlimited. If Bitcoin Unlimited gets the approval of the network, then it would greatly improve BTC's ability to scale since there won't be a fixed block size limit. Just my thoughts. |
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Thanks for another great payment from the signature campaign. |
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Recently, I've saw a video that showcased a car that had a built-in wallet, powered by the blockchain. If successful enough, then it could become a revolutionary way to enable autonomous cars that would refuel themselves and drive to any point with the use of the blockchain. Users would only need to pay a fee in a specific token, to be able to ride the car, all in a self-autonomous way. What do you think about this? Will this make a huge impact in the future? |
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But i think in this time to investing all of our money in bitcoin is really promising. My friend spend all of his money on bitcoin at the price of bitcoin is steady on $600 and in this time the price of bticoin get doubled and that's very profitable for my friend. I guess be smart to take every opportunity.
Yes. Bitcoin has been increasing to an all-time high, leaving a good amount of profit for those who are holding Bitcoin into their wallets. This year, it would be such where more people join Bitcoin, due to its high value, making it closer towards mainstream adoption. If you compare how much Bitcoin was worth a few years ago, with today, there has been a massive change in its value and I believe that it may continue to rise making it an ideal store of value. There are many exciting things that will happen with Bitcoin such as the approval of the ETF by the SEC, possible activation of SegWit or other scalable solution, and more. All the previously mentioned events, would greatly benefit BTC in its value. Just my opinion. |
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The only coins I'm bagholding is famecoin, the developer seems to have disappeared even if I dump the buy order won't sustain the price it will go to zero.
Yeah me too. I thought that FAME was going to become the next big thing in crypto land, by helping cryptocurrencies reach mainstream adoption with the use of photo sharing. Everything seemed promising, until the developer abandoned this great project. Maybe someday, our Famecoin would be worth a fortune once it gets the attention it deserves, among traders, investors, and perhaps a new development team to take the lead. Nevertheless, while I hold many altcoins which turn out to become worthless, I try to safe keep them for the future in case their prices start to rise. |
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The stores don't accept bitcoin yet because the price is very unstable. Today it can price 1100$, tomorrow it can price 800$. Paypal is just a payment system operating official currencies of the world, centralized currencies.
Bitcoin as decentralized currency doesn't have the confidence of most world's population, but it will change in the future, when the blockchain technology evolutes more.
That is certainly true. But, while Bitcoin may not be ideal for use as a normal currency due to its price volatility, there is always the choice of smartcoins or smartassets that are pegged to the value of real world currencies. Look at Tether for example, which lies within the Bitcoin blockchain using the Omni protocol. The possibilities are endless, but still I think that Bitcoin would become more accepted once it becomes a stable cryptocurrency in the markets. These days, people are looking at Bitcoin as a store of value so it should only be a matter of time before it becomes stable, and would gain the attention of mainstream stores like Walmart, Best Buy, and Big Lots. Since Bitcoin is still an experimental cryptocurrency, it will aim to improve as time passes by. Just sharing my thoughts. |
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I'm wondering whenever the use of lending bots (like Poloniex Lending Bot) would become profitable enough to help build a nice income out of it. The lending bot that works with Poloniex, has a 10% fee, which brings me doubts whenever lending your Bitcoins with it, would be profitable at all. Has anyone tried lending bots before? What results could I achieve by using one? I would like to know your opinion about this. |
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My thoughts for bitcoin this 2017:
1. It will become powerful and become popular.
2. The price will become higher and higher.
3. Many investors would try this business.
Bitcoin becomes the best currecy here in the internet because of its benefits.
Good points. If all goes well for Bitcoin's value, and ability to scale, then it would become successful for years to come. I have the feeling that more people will get into Bitcoin as it becomes more valuable over time. Since it is a deflationary cryptocurrency, its supply is limited and it can be compared to Gold. Even if the pioneer cryptocurrency doesn't get to scale with the approval of the proposed solutions, it would be used as a store of value while other alternatives like Litecoin would become used for everyday transactions. Nevertheless, I hope that by the end of this year we could see many exciting things for Bitcoin like becoming worth $1500 and above. Just my opinion. |
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Impossible Nothing makes a difference for Bitcoin although Satoshi reveals himself And everyone is looking out for the best outcome for himself. and I am proud as a hero Bitcoin looked at everyone
Satoshi is a great name for Bitcoin users
Maybe so. I think that the day when the real Satoshi reveals himself, it would be huge for Bitcoin and would probably get more attention from mainstream media and everyday people. However, if the real Satoshi comes up and dumps his Bitcoin from his genesis address, then it may cause its value to decline massively. I don't think that Satoshi might do that, but there could exist a possibility and we should be prepared to secure our funds in case this happens. Nevertheless, Bitcoin is doing fine even if its original creator's identity has not been revealed. Just sharing my thoughts. |
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There's no need for increased transaction capacity, bitcoins price is at an all time high and transactions continue to flow, people are paying the fee to transact on the bitcoin network.
If there's a need for more transactions people can use other chains like litecoin, litecoin is the same as bitcoin but with increased capacity, I don't see a rise in litecoin transactions.
Market will speak and if/when there's necessity for a scaleble solution to be adopted it will.
I guess you're right. Perhaps, Bitcoin may never get to adopt a scalable solution and remains as is. In the bright side, it would only be used as a store of value, while the rest of the altcoins would be used for broadcasting everyday transactions. The way I see it, is the more altcoins there are the better in the sense that it would reduce BTC's network load. If only Bitcoin would've existed then it would've faced major issues with scalability as it would have more users into it. That is to say, I would become impressed if either LTC or VIA adopts SegWit before Bitcoin does. Just my opinion. |
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That's just fake hype. how many peoples are losing his amount on the hype session of zcash. The price will be equal with the second market cap coin. I just take a monero to get compare with zcash and I seems monero really worth rather than zcash.
Yes. That is mostly true. ZCash has been full of hype since the first day of launch, with nothing promising to bring except for its ZK-SNARK technology. However, Monero has been around for quite some time offering strong anonymity, probably even better than ZEC. It just hasn't been noticed that much from big investors and traders, but when that day comes, you can expect for XMR price to increase a lot more than its current value. Another coin that may be full of hype nowadays, is Dash. Considering the massive price increase it has had over the last days, I think it is just getting pumped and will eventually decline in value once the hype is over. Still, I had some spare Dash being held onto a paper wallet, so this has made me nice returns. Just my thoughts. |
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Same thing. I first started knowing aboit bitcoin last year. With my fellow classmate they show me and teach me all about bitcoin. At first I don't know how to earn it and use it. And I don't have interest on it. Later on. I search and read some things about bitcoin and find out that bitcoin is a very good and helps a lot nowadays because of its value today. I asked my classmate to teach me how to earn bitcoins and how to use it. They taught me and later on I am earning bitcoin because of my curiousity and with the help of my classmate too. I'm looking forward to have a great achievement/earning in the future. Thanks for sharing your experiences with Bitcoin. As well as you, I hope to build a successful income out of Bitcoin by exploring many strategies that would help me gain control of my financial life. From mining to staking, to trading, there are many ways that you could earn with Bitcoin and cryptocurrencies. You just need to find the best strategy that works out for you, in order to make a nice income out of cryptocurrencies. Nevertheless, I hope that as the more Bitcoin's value increase over time, the more people it will attract into it making it closer towards mainstream adoption of it. |
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I would choose Ethereum, Monero and Decred as surviving coins. Ethereum and monero are older coins.They both have good marketcap.Decred has good road map and devs are bringing good developments. I think Decred is the most under valued coin.
That is certainly true. These coins deliver promising features and solid development, so they could be considered as a great long term investment. I like Decred, myself since it is a hybrid PoW/PoS that brings governance features to its shareholders. The staking pools for DCR are really nice. Also, another coin to consider would be Dash since it has been increasing in price over the last days. I don't know if it's just hype or will it maintain its value over time, but so far it has been making me good profit. Hope that DASH could help spread massive adoption of cryptocurrencies that would help benefit the use of blockchain technology in our everyday lives. Just my opinion. |
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For me, it would be the increasing of the block size and that is the job of Bitcoin unlimited. Since the current block size cannot handle the transaction that we are waiting to be processed and confirmed in the blockchain, Bitcoin unlimited plans to increase the size of it for the faster transactions, so that none of us would get mad anymore because of the delay of our transactions.
And they are making their actions right now about this problem, in order to bring bitcoin network in more convenient for everyone who uses bitcoin, and that goes for the SegWit team also, though, I like Bitcoin unlimited more.
Everything about Bitcoin Unlimited is great, as it allows miners and nodes to set their preferred block size. However, it is up to debate whenever this may centralize Bitcoin at some point since there would be no limit on block size, making the blockchain increase in size, and preventing the ability for any average Joe to support the BTC network (as mostly data centers would be able to store the blockchain data due to their large storage capacity.) Still, there are a variety of scalable options to choose from Bitcoin Classic, Bitcoin XT, and SegWit. It would only be a matter of time before one of these gets the acceptance of most Bitcoin miners, paving the way towards the growth of the pioneer cryptocurrency and helping it become used as a mainstream currency. Just my thoughts. |
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I believe that bitcoin already does overcome paypal but not on users because paypal comes first and it has a lot of users around the world and that what is bitcoin lacking of, If bitcoin can attract more users around the world and also businesses then it will be a true proof that bitcoin already overcome paypal.
Yes. Paypal has a massive user base, and I believe that to be able to overcome it, Bitcoin would've need to become used as a mainstream currency for everyday transactions. But for BTC to be able to become mainstream, it would need to implement scalable solutions first. If no desicion is made, then I believe that Bitcoin's primary purpose would be as a store of value, while the rest of the altcoins would be used to handle everyday transactions. Nevertheless, I'm hoping that Bitcoin would continue to improve over time, to help it become a better rival against traditional payment processors. It is quite disappointing to see transactions take longer than expected to confirm. Just my opinion. |
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