I am not a great expert, but I have been investing in Bitcoin for more than 2 years.
I am sure that Bitcoin will grow by 200 - 250% next year and many new investors will come to the market
I don't share your optimism. All cryptocurrencies are still very volatile. The price of them is not very dependent on investors. All exchanges that trade cryptocurrencies use robots. They can make the price any. In such circumstances, it is impossible to attract large investors. |
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In any business there is a division. Each of the project participants sees the development strategy in its own way. This always leads to a section. I don't see anything wrong with that. In the end, investors will choose the most promising project and it will live on. The project will become more predictable. But it takes time.
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Bitcoin is still the king of cryptocurrency and the rest are just alternative coins. All the profits of this altcoins are just the faucet for the bitcoin to go strong. I do not really know what is the scheme for bitcoin and other altcoins but i bet that these altcoins are basing bitcoin market price movement. And that is why bitcoin could never be dethrone by other crypto but altcoins could achieve what bitcoin has achieve and i am seeing ethereum has a lot of potentials but it cannot dethrone bitcoin for now.
yeah ETH is the second coin after bitcoin and has many new token projects under ETH blockchain network Recently, ETH shows strange results. I feel like something's going on with that coin, but I don't know what. It is steadily declining and the rate of decline is significantly ahead of bitcoin. If nothing changes then ETH will lose the second place very soon. It seems to me that Vitalik's actions have recently been directed to self-destruction. |
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It's a mad,mad,mad world! Now everything is possible. Large capital has long been in charge of the world economy in manual mode. The laws of Economics do not work in our reality. I believe anything can happen. But the Pharmacist is right that such a rapid rise in prices could trigger an even more rapid fall and collapse.
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Bitcointalk Username: Palmerson
Rank: SR Member
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How much money are in the world? And how much money can Bitcoin be worth? in comparation to that.
there is no limit of quantity of money banknotes. because people are publishing money to use. they produce it according to demand so you can say money in the world is so so much  we can not finish it by spending  Yes .Most of us don't know the exact money in this World.But the question was most interesting one.I hink no one will know the answer for this.Since the money in rotation,even the government of certain country can't predict the money in their country.Then we calculate the money in this world.It's seems to be unpredictable. Money cannot be counted because every day national banks continue to lend to governments. They produce a huge amount of unsecured money. This will inevitably lead to a crisis. I am ready for it and therefore I keep the main reserves of money in the cryptocurrency. |
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What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.
I think it would be correct to answer this question by thinking about two different situations. In the first case we will examine anonymous wallet owners. How will they tax an unshared purse on the Internet or any stock exchange? This wallet will not be taxed unless it is really an idea of the owner of that wallet. But if you look at the second case, yes, taxation will be possible because the wallet account in this case will be shared by the owner on the internet or this information will be exported to some stock exchange sites. In this way the state will be able to acquire the wallet and tax on these gains. there is another problem for the government. They can't force me to exchange bitcoins to pay taxes. This means that they will have to recognize bitcoin as a currency and take taxes in bitcoins. I'm sure they'll never go for it. The government will lose more from the fact that it recognizes bitcoin than it will earn on taxes from it. I'm not talking about the fact that the purses can be beyond the jurisdiction of the government. |
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Let us not focus on the technical aspect or how 51% attack is done. The attack is like double-spending and what have other have called this attack it is equivalent to a digital counterfeit. And we all know a counterfeit currency is illegal in any country for some it is even considered as a national threat. Double-spending itself is fraudalent by nature meaning it is punishable by penal laws. They are basically taking advantage of someone just for their gain.
I think that the main focus in this situation should be done on the technical aspect. The legal side is clear. It's illegal because the ultimate purpose of this action is to take someone else's property. It seems to me that 51% attack can become a global problem for all coins that use GPU mining. |
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now bitcoin prices have gone down and of course this is a good time if you want to buy bitcoin and will have a chance to get a profit, if I have a lot of money I will buy bitcoin because bitcoin price will surely rise again so I will get profit a lot
How long are you willing to wait for the profit? The problem is that few people have long money. In order to invest in bitcoin you need to earn much more money than you can spend. In addition, there is no guarantee that you will not lose this money. To say that now it is necessary to buy bitcoin easily, but it is very difficult to buy it because even 6000 dollars it not the small sum. |
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We can stop the dumping price , if you buy and I buy and if all of us buy more bitcoin again as soon as possible the price will recover and you will get more profit. Maybe not time for the bitcoin to pump again the price but for sure in the next coming weeks it will slowly increasing.
Make me laugh. How many bitcoins can you buy? This is a drop in the ocean. The majority of users have on their wallets amounts much less than 1 bitcoin. It won't change the situation. Look at the stakes whales make. On my exchange, a few dozen bets on 30-50 bitcoins. It's only on one exchange. How do you want to compete with whales? |
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It is not yet time for the funeral of bitcoin. The market is really going through a shock. But the situation can change very quickly. It is enough that a few weeks the whales did not sell their coins. They are now going to buy a large batch of coins at a low price and provoke a shortage of offers. This will instantly expand the market.
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Bitcoin isn’t a currency and unless it becomes one it could be worthless. Bitcoin is in decline. Not its price, which has almost reached 20k US dollars per unit last year, but its actual use as a currency. And this makes its rapid appreciation all the more puzzling. In my opinion, government agency should start implementing laws to accept bitcoin as currency before its too late.
Why do you think that the government needs to save bitcoin? Lol. They will observe from the side without losing anything at the same time. They never acknowledge it as a currency to prevent trade with bitcoins. Such operations are difficult to control. Governments do not make efforts to destroy bitcoin only because we spend bitcoins only after the exchange for Fiat. |
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It seems to me that buying cryptocurrency is not an investment. I am more inclined to consider investments in ICO as investments. Buying bitcoins is a speculative operation. Unfortunately bitcoin has all the signs of the pyramid. I hope I'm wrong. But I recognize this only after the bitcoin will be used in all stores as payment.
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This is the reason why I tell people about blockchain technology instead when we're discussing bitcoin and cryptocurrencies. There are many benefits of blockchain, but people are only interested in making money without really understanding how things work.
Do you want to change the situation? Not try. You're not gonna make it. Most bitcoin users will never be interested in the features of the blockchain. But they don't need that. They are only interested in the final product-bitcoin. I think it's the right thing to do. Just because I watch TV every day doesn't mean I have to understand how the TV is arranged inside or how the TV signal is transmitted. |
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I think ASIC's will gradually displace mining on graphics cards as the graphics card pushed out of the market mining on CPUs. Many coin makers do not want to change the mining algorithm of their cryptocurrency.
I don't think that's going to happen. Probably all existing coins are doomed. But the developers of the new coins will use algorithms that will protect them from asics. Almost all asics will only make money for the companies who produce them. They mine coins and increase the complexity of the network. After that, they sell asics to users but it is impossible to return the invested money. How long is this fraud going to continue? |
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Only the use of water cooling can make this equipment quieter. But not profitable. Firstly it is expensive. Secondly, it entails additional energy costs. Are you ready for this? It seems to me that the use of asics is hopeless. They never pay off. Plus create discomfort in the room where they work.
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I think the only was the price will start to rise is by having more people buying it. Simple as that.
That can only be done by making it popular again through ads and making sure the security around it is not as vulnerable as it once was.
Why should people buy cryptocurrency? Not everyone knows how and wants to trade cryptocurrency on the exchange. What other area of bitcoin application do you know? Many people wanted to protect their savings from inflation and tax authorities. But recently, governments have taken enhanced measures to ensure control over the movement of cryptocurrencies. The exchanges support the governments in this. I think the demand will continue to decline. |
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That is also one big factor why people in ASIAN countries are so poor because of their governments. Instead of helping their people, they are also the one who's pulling them down. But when it comes to securing wallet accounts, it is very secured and it cant be open without private keys. Just pray that one day someone make a change.
It seems to me that the governments of all countries are not interested in people having enough money. In this case, it will be more difficult to find workers for non-prestigious specialties. People will be independent of the government and more demanding of it. None of the politicians want such a perspective for themselves. |
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I will never agree to buy an asic for $ 10,000. This madness. You will be returning your money for a very long time because of the ever-growing complexity of the network. I bought a Z9 from bittman and I'm not sure I can get my $ 2,000 back. As people are not afraid to risk 5 times more I don't understand.
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They won`t be so enthusiastic,when they find out how much it will cost to implement the blockchain technologies and much electricity will be consumed.Again,the only one,who is going to make the big profits from this treand will be the big online corporations.The tax payers will be ripped off again.  The government does not understand that in order for bitcoin to exist successfully, each participant receives a small reward for maintaining the network. Governments are used to taking money from the population. I do not believe that the government can create a successful project. A predator will never become a herbivore. |
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