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Bitcoin volatility is neither a good thing or a bad thing, but in my opinion, a fair concept. If the Bitcoin's price if decreasing in value, you will surely have losses. However, what makes it fair is that once the Bitcoin's price increases in value, you will get back what you lost, or better, gain more that what you lost.
Well to tell you the truth mate, the volatility and the decentralization thing about Bitcoin, its just all a cover. The things is these people called whales, they are the ones who're controlling the price right now. If they wanted to have a higher price then they'll go for it, and vice versa. |
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For the now, my answer is no but in the future maybe my answer will be change to yes. Because in the long run investments volatility is a not good thing.
How can you say such statement, when we already knew that volatility is also an advantage? Yes, there are no control in its price, but hey its volatility isn't always as negative as you say it is. As you can see its already $15k ~ $16k per Bitcoin and as predicted it will soon reach $20k, so you need to watch out. |
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Normally, I would advise you to buy the stock. But now autumn beginning business activity and rising market + a lot of good news. Now I think it is better to buy altcoins.
You're quite right, this is time of the year when you must buy altcoins and hold it in for more profits. |
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We still can't predict now what will happen to the price of bitcoin but so far or lately though the price is slowly increasing so there is a big possibility it'll gradually increase but still we should not let our hopes up.
I agree, let's just wait for the incoming Split this August 1, 2017. Well its better to get our hopes up, be more positive and we'll get there. |
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The value of BTC will somewhat drop, since these mentioned Altcoins have already come up with an alternate solution to the BTC's problem about high transaction fees.
no they haven't lol you just see a smaller fee in altcoins because first of all their prices are too low so any amount of fee is small, like 1 whole unit of some of them (which is the transaction fee of it) is worth 10 to 100 satoshi and since their mining rewards are huge (hence creating a massive supply and kills the price and the future of the coin) no miner cares about fees. also it is because nobody uses them. so there are no transactions on many of their chains. again you can not compare two things when they are not used equally! I certainly agree that we should compare things on equal grounds That said, you should still not ignore Litecoin which is one of a few coins that has Bitcoin issues allegedly solved. Litecoin transactions are cheap as dirt and while its price is something like a fiftieth of Bitcoin's, they would still be cheaper if we equaled the prices of these two coins. What's more, they can't grow in the same way Bitcoin fees have been growing since if it ever comes to that, LN payment channels will inevitably kick in and drive transaction fees down. Further, you can't say that the mining rewards are huge in Litecoin either. Right now the block reward equals 25 litecoins which is only two times greater than Bitcoin's 12.5 coins per block Well I have only based my answer to the author's statement. I know that these altcoins are nothing compared to BTC, but what about those Altcoins that are about as 3/4 the price of BTC, those leading altcoins (there is a rumor about ETH having infinite tokens), I have read threads that they prefer altcoins than BTC. I don't know any such altcoin priced that high If we talk about absolute values (i.e. prices in, say, US dollars), the closest to Bitcoin is Zcash, with its price a little below 400, the next is Ethereum at 330 and Dash follows them with the price of somewhere below 200 dollars per coin as of now (all prices are Bitfinex quotes). As you can see, any of these is a far cry from Bitcoin's price of 2,700 dollars per coin. If you in fact refer to market cap, only Ethereum is a perceived competitor to Bitcoin, but with most of its coins premined and locked, this "competition" is utterly bogus and fake Well my bad, I guess I didn't go into details about the price. I guess it can only be compared not as a fraction but just as decimals of it. Guess the market cap is what I meant. Its always helpful to have these forums. So that we could learn everything we have to know. Thank you for sharing. |
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The value of BTC will somewhat drop, since these mentioned Altcoins have already come up with an alternate solution to the BTC's problem about high transaction fees.
no they haven't lol you just see a smaller fee in altcoins because first of all their prices are too low so any amount of fee is small, like 1 whole unit of some of them (which is the transaction fee of it) is worth 10 to 100 satoshi and since their mining rewards are huge (hence creating a massive supply and kills the price and the future of the coin) no miner cares about fees. also it is because nobody uses them. so there are no transactions on many of their chains. again you can not compare two things when they are not used equally! I certainly agree that we should compare things on equal grounds That said, you should still not ignore Litecoin which is one of a few coins that has Bitcoin issues allegedly solved. Litecoin transactions are cheap as dirt and while its price is something like a fiftieth of Bitcoin's, they would still be cheaper if we equaled the prices of these two coins. What's more, they can't grow in the same way Bitcoin fees have been growing since if it ever comes to that, LN payment channels will inevitably kick in and drive transaction fees down. Further, you can't say that the mining rewards are huge in Litecoin either. Right now the block reward equals 25 litecoins which is only two times greater than Bitcoin's 12.5 coins per block Well I have only based my answer to the author's statement. I know that these altcoins are nothing compared to BTC, but what about those Altcoins that are about as 3/4 the price of BTC, those leading altcoins (there is a rumor about ETH having infinite tokens), I have read threads that they prefer altcoins than BTC. |
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The value of BTC will somewhat drop, since these mentioned Altcoins have already come up with an alternate solution to the BTC's problem about high transaction fees.
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