Yeah, I get the feeling 2017 is definitely going to be a good year for bitcoin. Maybe we can get to $1000 and perhaps to the ATH, which is $1200 or so. Those milestones are possible, and the air is definitely a-crackle with electricity.
Well.. I think there are no big reasons in this year for btc to change its price much. No halving, no major btc involving projects occuring.. I think it will just stick around $800 till something happens. Somebody may steal a lot of btc and then the price will go down or some btc charity or something can make the price rise. |
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I think it is just a hypothesis and it's even not very likely to happen. There is a possibility bitcoin and will encourage companies to avoid taxations and other cryptocurrencies may strengten the process but if there are no taxes how can states exist? State is a treaty between people and the ruler. They give him resources and we guarantees some safety. Without taxes there won't the resources and so the anarchy will come.
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Calm down. I guess the governance will inevitable come sooner or later but this will destroy a part of what bitcoin is. Bitcoin is a currency which you can use anonymously and without paying any taxes. Why does the government has to know the money we have if we can't really know about their sums, houses and stuff? Bitcoin brings some freedom to all of us.
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Depending who are "we", it's not possible to manipulate bitcoin price. If you don't have a lot of bitcoins or if you don't belong to a group of rich bitcoiners trying to control it, you can't manipulate bitcoin price, you are a small investor.
The only thing you can do is to take advantage with the big whales moves, follow them and you will have a higher chance to make profit.
Actually it is very possible, you can see the proof on the news about China imposing capital control, bitcoin price goes down. People pressing on the halving issue, bitcoin price goes up. News about bitfinex hack, price go down. Good news about Segwit, price go up, some criticism about Segwit and how it will affect future bitcoin procedure, bitcoin go down. See, if people can play with the media, bitcoin can easily manipulated. I would not say that it is very easy. Yes some media influence on the course of Bitcoin is, but it is not decisive. Therefore, I believe that the price of Bitcoin manipulate people who have little Bitcoin is almost impossible Yes, of course big sum has to be involved. But media can do that. If there are good reasons to sell btc given, a lot of people with small amount can do that and that is how we get a big amount needed. I offered an experiment on this forum to check if we can make the price change but there weren't many people who supported me. |
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Some of the points which I can think of includes but not restricted to it: -
learn finance and try to understand the difference between need and desire.
Reduce redundant expenses.
Keep some fund for an emergency.
Keep investing rather than keep spending.
I totally agree with this one. Specially investing rather than spending it through that your money will grow fast. Alo I guess trading will keep your money grow too. Being wise on growing money is not bad just not to be greedy on having it. Trading is a risky road to choose. When you just earn money you basically can't lose. You can only half-lose if we speak about the money you could've got but didn't. Trading requires some investments and even if you are not greedy you can lose sometimes and thus I think we can't say it is something helping to manage money at all. |
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Bitcoins can be used for good especially when people who are GOOD use it. Well, we know that there are a lot of bad people that use Bitcoin for illegal transactions whether it's for drugs, ammunitions, firearms, etc. I guess we just have to put good faith to the people who's intentions are for the GOOD. I hope Bitcoin would be used for financial transactions, it would really benefit the payor and the payee without the help of a third party, so the transaction fees are less. As for the researcher, Rachel O'Dwyer, Money Talks. This is the new money of this era. The blockchain technology still has lots of potentials.
All the legal activities for which we are using bitcoin are good deeds. Like if you are using bitcoin for shopping for your children, if you are using it for fulfill your other daily needs then these are good deeds for which you are using bitcoins. In general bitcoin is here to serve us to have a good life. So basically we are using it for having good things. If you buy alcohol using bitcoin I am not sure whether it is something good you do. And porn is here as well. I think really good things are charity funds for hospitals, orphanages and all the stuff like this. And bitcoin can be used for such purposes as well. |
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the fact that these people (and billions like them) will never, ever be able to afford to 'mine' so much as a single bitcoin?
Okay, maybe mining is not the best solution for them. But are there really so many people without access to the Internet? Anyway, bitcoin is useful for people from poor countries but in which there is internet nearly everywhere. With the above in mind, is there any fundamental difference between a 'bitcoin miner' and a bank?
Well, a bank is not usually producing the money itself. Secondly, you need to be indentified in a bank but can mine btc without many people being aware of that. Why do we pretend that virtual 'coins' are scarce when they very obviously are not? Why do we pretend that they even have to be 'mined' or 'earned' in any conventional sense?
Because thus, creating a simulacrum we can become independent from the government in real life and turn btc into the real goods. |
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I hope what OP says won't really happen. It is dangerous to buy btc now if all that appears to be true, because we can buy some now and the the banks will make the price grow, we will appear to be rich and so they'll do their best to track us down to find out how comes there is so much money and no taxes payed or something like that..
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This all sounds like Illuminati nonsense in which I don't believe. 2008 crisis started from subprime mortgage crisis in the USA and people may have not noticed that this is really going to happen, you know. Some currencies may be supported by banks but bitcoin can still stay independent as long as it is not becoming too popular.
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I have nothing left so far. I don't work full-time, though and live in a Post-Soviet country as well. I hope after I finish my studying I'll be able to get some other money and leave it for other case. I think 10k per year is actually very good, I know people working full-time and earning 300$ per month and they have nothing left.
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The best thing for me is that I can actually earn money this way not doing a full-time job. Another thing is that it grows in price and you can start earning one sum and have more in your wallet after some time. Its anonymity is also something worth attention, because this is the money you have but it is not declared anywhere.
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Bitcoin can't kill the taxes. Taxes are in the price of anything we can buy, except something out of law (like paying rent to smb without any official papers which is very common in my country). Taxes.. they won't kill bitcoin as well but they can harm its ideology. I think the governments will try to regulate btc via taxation.
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I never bought btc or even had a lot, so never really experienced losses. I think now it wpould be very stupid to sell bitcoin but it is not the best time to buy them as well. Bitcoin is now around $760 and I think it can still drop down to $600 or so. We should just wait and so nobody will be dumped.
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That was an interesting topic, so I decided to put it on the first page. What can be changed? I think, the quantity of btc in general. It is true that 21 million is too small if we talk about bitcoin becoming very popular and global. The price will increase, because of the limited amount and then 20 000 satoshi per transaction may become too much. And there just won't be enough satoshi to use and there is nothing smaller than a satoshi now.
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We must agree that is it best only under certain circumstances. To be more specific, we need to live in a prosperous world with no big social problems comparing to what we have now. It would be the best then, because of its pure essense (no matter, just like the OP said), is under no gov control and thus anonymous and without taxation.
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I think that yes, traditional currencies are more stable, because there are many banks using it and governmental regulation. ANother thing is regulation via propagand. Some government can find ways to encourage people to use some currency more. If we think about bitcoin, it is merely impossible and nobody is doing such a thing.
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My guess is that a few other currencies (maybe, litecoin and dogecoin) will become nearly as popular as bitcoin is. It can't stand alone forever. There has to appear a strong opponent on the stage. I guess it has power nowadays, because it was the first one and became used a lot, because of drug business. This increased its price and popularity and now btc is used for many other things or just kept till better times come.
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What currency question depends on the economical and social situation in general in the world. If everything will be relatively peaceful Bitcoin can become the new world currrency, because in peaceful times people tend to trust the science and all the abstractions it works with. If the would be some kind of crisis, there is no chance people will continue to believe in numbers.
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I began using it in 2014 but it wasn't really serious at all. Only last summer I began working for Signature campaign to earn money and finding out more about what Bitcoin is, how does it work and all that kind of stuff. It is interesting that we all are newbies in btc mostly as the poll says. I guess those old forum members just left it now, because of the law quality discussions.
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Since bitcoin is trending now world wide because you can easily earn this and it exchange in real cash. Is bitcoin the new value of currency in the internet? Is he the new money? Can we use it in buying foods and etc in the future?
I think bitcoin has a very high potential of becoming global universal money. However, the are some problems which need to be solved, before we could use it in supermarkets. The main problem is taxation. The government gets some taxes from any food we buy. If it starts accepting btc payment it has to take some of the money. The second is anonymity. Yes, you can buy something for cash in a shop. But if you use your btc wallet then they can at least know its number and how you look like. Then if your wallet has lots of money, you may have problems. |
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