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1  Bitcoin / Bitcoin Discussion / Re: Bitcoin could 'easily' reach $40,000, says man who predicted current high on: November 28, 2017, 11:40:44 AM
To be fair if you think of bitcoin in terms of general awareness it is very low to the everyday American, let alone the rest of the world. So if you look at the current market cap required for it to be worth 10k it would be 167 billionish? And that could be with minimal awareness compared to 10 years from now. I suspect bitcoin, being a non replenishable resource, could hit over 1 trillion dollars globally in market cap in 10 years time. If it does reach that point bitcoin could be near 60k per coin, but I do not expect to see another 10 times growth year for bitcoin unless it crashes.
2  Other / Beginners & Help / Re: Should I Be Scared Of Hackers If I Have Lot of BTC. on: November 22, 2017, 08:03:08 AM
You can never truly stop hackers because they evolve and adapt to meet new challenges on a daily basis. There are certain percautionary measures like using a two factor authentication on a reliable wallet such as coin base that can help lower risk. But consider that hackers can steal your identity and social sercurity number there is no true protect for traditional banking let alone bitcoin wallets.
3  Bitcoin / Bitcoin Discussion / Re: Do you believe that digital currencies will replace Fiat? on: November 20, 2017, 10:22:50 AM
Possibly something much more interesting may happen... Cryptos, like bitcoin, may become the new fiat currency... eventually. Japan has already adopted bitcoin I assume if it presents more advantages in the relam of trade, considering Japan is an export based economy, when compared to the yen then Japan could one day drop the yen altogether. Perhaps bitcoin could become the new backing for the yen giving the yen value due to some form of representation of bitcoin. Think of fiat currency deriving value from bitcoin itself.
4  Bitcoin / Bitcoin Discussion / Re: Why are so many people against bitcoin? on: November 20, 2017, 06:57:14 AM
As some have already eluded to people are afraid of new things, allow me to take this a step further. Evidence suggests people fear that which they do not understand. People are also reading less now than previous  generations, understandably so this generation prefers YouTube to books. To fully understand bitcoin and apprecuate you need to read the documentation, perhaps someone should read it aloud on YouTube while tricking the viewers into watching with cute animals like kittens... Draw what conclusions you may from that.
5  Bitcoin / Bitcoin Discussion / Re: What is BTC for you? on: November 20, 2017, 06:50:44 AM
To me bitcoin is the future, peer to peer transactions are the future. Japan has already adopted bitcoin, and Japan is one of the top 5 economies is the world by gdp. I believe other top economies may follow Japan's lead based on what the federal reserve does in response to bitcoins strength over the next decade.
6  Bitcoin / Bitcoin Discussion / Re: Should we be worried with Bitfinex? on: November 20, 2017, 06:25:40 AM
I am not one to insight fear or panic amongst anyone but I have grown leery over bitfinex for some time now. Ever since United States customers were bared from lending usd via funding accounts I chose to steer clear of bitfinex. I won't give financial advice on a forum but I will say there is a degree of merit for a healthy sense of skepticism when it comes to bitfinex.
7  Economy / Economics / Re: Why people says gold is better? on: November 20, 2017, 06:17:25 AM
It is partially a nostalgia that's dates back to the days fiat currency was backed with gold. People long for something physical to represent their monetary success, and it used to be symbolized by a shiney yellow precious metal called gold. Old habits die hard, gold brings back memories of the old days and comforts people in the sense they have something physical to represent their efforts. Bitcoin is the future.
8  Bitcoin / Bitcoin Discussion / Re: why some country still not legalized bitcoin ? on: November 15, 2017, 05:12:27 AM
One contributing factor as to why many countries have not legalized/adopted bitcoin is currency control. Bitcoin to the best of my knowledge is a peer to peer transaction and a transaction conducted in such a manner that removes a degree of control many governments and central banks are used to having when it comes to fiat currency. Simply put if you were a government in a developing nation or a country in a fragile economic situation and a currency existed that did not allow you to directly govern or regulate it would you allow it? It is a play to maintain sovereignty, but a backwards attempt to say the least. Peer to peer transactions represent the end game for fiat currency, government backed or produced currency. Bitcoin is the future and many governments are afraid of it because they do not have any idea how to gain a degree a control over it. In my opinion since many countries around the world have their currency backed up in USD it will ultimately come down to what the federal reserve does in the next ten years with regard to bitcoin.
9  Other / Beginners & Help / Re: Can a newbie join some project campaign? on: November 15, 2017, 04:56:02 AM
To my knowledge it is not possible, and for good reason. If people could sign campaigns as a newbie, what value would the signatures bring? At the same time it would pose and incredible risk for abuse, eg. people creating new accounts for the sole purpose of signing on to campaigns they probably don't understand. The fact that bitcointalk has a ranking system built upon the pillars of investing time and posting quality content helps to cement and maintain the quality and integrity of the website. I joined because of the awesome amount of knowledge presented on this site and to spark conversations that will drive the community forward. If you join with those types of reasons in mind you will get senior level feed back on a regular basis and ultimately be rewarded with insights I have yet to find any where for free outside this site.
10  Bitcoin / Bitcoin Discussion / Re: Japan Teaches Western Governments a Lesson in Cryptocurrency Regulation on: November 13, 2017, 06:56:22 PM
Japan as a country has been on the cutting edge, if not bleeding edge, of new technological revolutions since the end of the second world war. It doesn't surprise me at all that Japan is leading the way in early government adoption of bitcoin, considering bitcoin is the leader of the pack when it comes to cryptocurrencies. Perhaps even more interesting is the mere fact that a top five world economy, ranked by gdp, adopting bitcoin will in all likelyhood push other economic powerhouse countries to do the same in the years to come. I believe Japan is just the tip of the iceberg, expect bitcoin to rise big if others follow suit.
11  Bitcoin / Bitcoin Discussion / Re: Bitcoin is changing the world. on: November 12, 2017, 07:37:46 PM
Is Bitcoin truly changing the world? I would sure say so. Bitcoin is undoubtedly the leader of the herd when it comes to cryptocurrencies, nothing quite compares. The impact of cyrpto currency in a world that for so long was dominated solely by fiat currency, which ultimately required a middle man eg. the banks, cannot be understated. Bitcoin is the leader in a field where peer to peer transactions is not only changing the way we interact with currency but rather it is totaly revolutionizing the control we have over our personal finaneces. Third world countries that have corrupt politicians bankrupting their systems now have a way to leverage their skills to a global rather than local market. This gives access to money that never previously was touchable without the banking system taking out their cut first. Bitcoin has changed, is changing and will continue to change our world.
12  Economy / Speculation / Re: How do you guys see the future of Bitcoin, Any possibility of BTC to $10,000? on: November 12, 2017, 07:22:33 PM
To be candidly honest with you, purely based on the volatility and tremendous swings, both positive and negative, in bitcoin value even after a slight value correction I expect bitcoin to hit 10,000 by mid second quarter earnings reports come 2018. Bitcoin is a train that cannot be stopped further more expect 20,000 per coin by 3rd quarter earning reports in 2019 before a slight correction back to 16-18,000 ish. These are my humble predictions don't take them as investing advice, because they are solely my speculation based on Bitcoin's impressive history.
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