I won't happen next month, but I am definitely waiting for the moment Wall Street is making it possible to trade Bitcoin like you can do with stocks. That would be an insane announcement. It will most likely take some years before it's possible. I have patience. You mean like buying and selling it on an exchange? We already have that. Buying bitcoin is better than buying something that represents bitcoin and I don't think Wall Street is going to think up something better. most public exchanges(coinbase, bitfinex, bitstamp) are consumer level exchanges.. where any deposits over $10,000 get flagged, delayed and questioned. and most regular users of those exchanges are holders of sub 100 bitcoins. most of the time sub 5btc.. but the winklevi ETF would be on much a bigger scale.. firstly brokers will be buying bitcoins in bundles of 2000 coins. (far bigger than consumer exchanges allow). and with wall street regulations and insurance. we will see investors throwing millions of dollars at the ETF, not thousands at consumer level exchanges. It's exactly how franky1 is saying it. I was not talking about the current incompetent Bitcoin exchanges. There has to be a professional exchange or at least a way for real investors to step into Bitcoin with their millions in a secure manner. Current exchanges will shit in their pants when some one deposits +$1 million. That's why we need Wall Street level exchanges, where they can safely step into Bitcoin with large numbers of fiat.
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i wouldnt trust my bitcoins to a bank for such interest for sure because in my opinion it should be impossible to make that much money anually just from investments they would do or something like that i would better keep my bitcoins safe in my cold storage
The interest rate given by a bank shouldn't matter since it's better to not leave your coins anywhere beside in your own control. Even if they offer a fairly low, which might make them seem a bit more legit, then still I wouldn't leave a single Satoshi there. Holding Bitcoin gives you the best interest rates in terms of increasing $$$ value. And the best thing of that is, that you have 100% control over your holdings.
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I hate to think what will happen to bitcoin if the halfing doesnt go as expected with a nice price rise. Theres gonna be a lot of disappointed people and potentially an end to crytocurrency. hopefully we get a new ATH.
You know what kind of people are getting disappointed? People who don't know anything about investing, and thus have sky high (unrealistic) expectations. These people will get disappointed. I personally think we might reach a price of +$1000 again, but I also have to say that I keep in mind that the price may also NOT go up that high. If it doesn't happen, then no problem. It is what it is. We can't do anything beside waiting patiently. Its inevitable the price will go through the roof due to scarcity never mind increased adoption.... Plz don't change your username before I can laugh at you when it breaks $1000 and keeps on going... You laugh at me? I am holding since 2013. I kept buying from sub $100 till sub $250. I am the one who will be laughing hard when it is reaching $1000 again
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I won't happen next month, but I am definitely waiting for the moment Wall Street is making it possible to trade Bitcoin like you can do with stocks. That would be an insane announcement. It will most likely take some years before it's possible. I have patience. What would be nice to see in january new year would be the winklevoss ETF launch but really the best we could hope for is approval for a date in the future it will be launched. Cant see a bigger and better way for wall street entrance than that. I definitely hope this ETF that they will launch next year will be better received by the public than their Gemini exchange. Let's hope for the best.
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I hate to think what will happen to bitcoin if the halfing doesnt go as expected with a nice price rise. Theres gonna be a lot of disappointed people and potentially an end to crytocurrency. hopefully we get a new ATH.
You know what kind of people are getting disappointed? People who don't know anything about investing, and thus have sky high (unrealistic) expectations. These people will get disappointed. I personally think we might reach a price of +$1000 again, but I also have to say that I keep in mind that the price may also NOT go up that high. If it doesn't happen, then no problem. It is what it is. We can't do anything beside waiting patiently.
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Barely went up? It doubled... Probably the best performing asset in the world over the last two months.
It's 450. It's been that way all winter long. Yeah 6 months ago it was 200 but that's not significant at all and it'll just drop. How is that not significant? Let's take a look at the longer term growth of the price over the whole current year, without looking at the large drop to sub $200, and the peak to $500. Bitstamp price on January 01, was $313.81. Bitstamp price on December 25, is $453.58. It shows an increase of over 44%!!!
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Bitcoin is a great alternative. We don't have to focus or dream about Bitcoin replacing a certain fiat currency, simply because it will not happen. We can better focus on how we can increase the adoption of Bitcoin, so more merchants are willing to accept Bitcoin as form of payment.
In order to increase the adoption of Bitcoin, it must be much easier to purchase Bitcoins. In some countries it's a huge hassle to fund your exchange account with fiat and convert it into Bitcoin. It may even take days in some cases. If every one could buy their coins instantly, via an ATM for example, then people can access the Bitcoin scene much easier, and without a lot time wasting hassle.
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I won't happen next month, but I am definitely waiting for the moment Wall Street is making it possible to trade Bitcoin like you can do with stocks. That would be an insane announcement. It will most likely take some years before it's possible. I have patience.
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Hell no! I am holding like a boss, and I'm not even considering to sell a single Satoshi before the block halving, unless it is for trading purposes. But even my trading coins won't get sold for anything below $500-$550.
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Your title says 1 thing, and the OP says another thing. I think when it is Christmas day tomorrow, we will be at least at $450.
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I don't even understand why this subject is being discussed heavily last years. It will never happen. Forget about it. Bitcoin is here, it's working, and it doesn't need to replace any kind of fiat currency in order to be what it already is.
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It's great that the difficulty is going up to the highest levels ever, but don't forget that we have been sitting at around $220-$250 for a very long time. And at that time the difficulty was also increasing, not as much as now, but it was increasing. This price gives miners more reason to turn on their hardware, and that could be the reason for this difficulty jump.
They also anticipate on the price that will go up because the demand will increase due to people that are willing to buy coins before the block halving. I am fairly sure if the price stays around $500 without moving much, the difficulty will still jump with at least 5-10% per difficulty adjustment. These prices are great for miners. If the price goes up even more, then it's even better for them.
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After the 2 year bear market, after the meteoric rocket rises, we've entered the stage of mediocre growth. As evidenced by the recent developments since October 2015, you can see that btc price goes up gradually, like 10% over a month's time. After these mediocre growth, profiteers come in and drive the price down a bit. The cycle goes on.
If you bought $1000 bitcoins, I pity you, we will never see $1000 coins ever in our life time.
Folks, this is the way it's going to look from now on. No more moon rockets, and no more steep crashes. Enjoy and have a nice day!!!
What you say doesn't make much sense since no one here knows what exactly will happen. And you talk like you seem to know it.... You don't know anything. You should look back at this thread after 2 or 3 years, then you will think; how could I be so wrong!? There will be a lot peaks and dumps comming, it has never been different, and it certainly won't change in the comming years, whether you like it or not.
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Bitmixer.io is what I use when I mix my coins. I never have to worry about my coins, plus you can set a custom fee to your satisfaction. I also like their time delay feature, and the best of all, they don't keep any logs of your usage of Bitmixer.
And no, I don't say this because I am wearing their signature. I say all above mentioned because I am a happy user of their service.
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I'm not going to do anything with my coins currently. My plan is to save as much as I can. If I want to buy some stuff with Bitcoin, I simply convert fiat to Bitcoin, and then I make the purchase. That's how I do it.
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I also have the feeling that we will reach a new ATH in 2016. I am however not convinced that the price will stay above the $1000 price level. There will be huge dumps that will heavily put the price under pressure. We might even see price swings of +$100 several times a day when we reach +$1000 after the block halving. There will be a lot money to be made.
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I have no idea if it will go down, but I am guessing it will and I will be buying in the 300. I don't think now is a good time to buy, either hold or sell now to buy more/back later
Don't waste any time waiting for the $300 range. The chances for that to happen are very slim. It may go down a bit, but not under $400. If you want to make sure you have coins before the price really goes up, then buy with 25% right now, and if it happens to go down, buy with another 25%. If it doesn't come down, then you have at least your 25% that you purchased.
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We probably will have a crash before the halving, after which the price will shoot back up.
Why will it crash? There is no reason to... It's normal in Bitcoin. Bitcoin has gone up plenty of times without a reason, and it also goes down without a reason. From time to time there has to be a crash boosting the volumes and the attention of people. It could be that these dumps are created by the exchanges themself. If there is a long time where the price is barely moving, and there barely is any volume, then exchanges will get far less income from fees. So they make it a bit more interesting by causing a bit panic.
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Most people think the price will increase due to the comming block halving, I think so too. Just wait and keep holding your coins, that's the best thing you can do. Also, don't think in terms of $2000-$3000 as some people do. That's just not realistic to happen within 2016.
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