I believe Bitcoin will serve as Digital gold it will always be around since it was first.
Will we use BTC for day to day purchases? ....no.
We will use another blockchain based coin that is more common than BTC and less costly to mine
BTC will always carry that intrinsic value since it was first.
There is no purpose for bitcoin to be digital gold if another blockchain is widely used. That blockchain will turn out to be the true digital gold. hmm, just like 8 track and casette tape still have value.... New tech replaces old tech all the time. Bitcoin needs to continually advance and expand in order to maintain its primacy, the arguements over block size just indicate how difficult that will be. The major advantage Bitcoin enjoys at the moment is that a lot of the competition with big money (ie banks) are spending their time on how they can use the tech to create walled gardens, and are completely ignoring the lessons of Aol and Compuserve. This buys bitcoin another 18 months to get its shit together, but if it carries on as it is someone will implement an alternative that does everything bitcoin does and more and get it adopted by a major payments/transaction management/logistics company or six. |
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Simple math. Btc price was 115 in August/September of 2013. It's 230 in August/September 2015. I proclaim we will see 460 in August/September of 2017.
38% annualised return, sounds risky |
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use a wheelbarrow to carry my $10,000 to the store to buy my loaf of bread. Only way it happens is USD Hyperinflation.
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here is something to make you shudder. In New Zealand we have a current huge house price spike in part due to foreign investors "speculating' the price will go up even more. As these people are hard to get at by the tax people (we have just introduced a capital gains tax they may 'avoid") the government is introducing a system where intermediaries have to get the tax. see the article below. Imagine if governments introduced that for bitcoin ie saying they do not know if the bitcoins being sent from person a to person b have been taxed properly or at all when with person a so they will ask for a 20% tax as it passes through an exchange (eg the soon to be approved twins one) or if person b is a recognisable entity eg a big retailer like amazon they will ask for the 20% from them. (Retailers already collect gst ( VAT) here so administratively it could be done overnight). that might knock the current price of $200-$300 around a bit eh?  they may be slow but tax collectors usually always get their way in the end http://www.stuff.co.nz/business/opinion-analysis/71846181/new-withholding-tax-on-residential-landBitcoin has already been classfied as VAT exempt in multiple tax jurisdictions , don't go expecting anyone to classify it as a VATable. |
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Long-term: Short at 1163, STOP 1345, Target 200-400Target 200-400
How so?  are you Gordon Brown trying to get back UK's gold for a profit? |
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The Litecoin market is not big enough to push Bitcoin up $15 by dropping Litecoin by $2.
this and now we see why someone was holding the BTC price back on BTCE for as long as possible. BTC-E is not a market maker, okgox/goxobi and finex are, finex clearly showed that market makers dont plan to push price above 290$ (there would be fake walls of 15-18k being moved higher to 270-280$ in order to do that). Its just chinese retards cashing out their ponzied ltc to btc at any cost. Chill out people, shit is almost over. Only its the major "western exchange" for converting your LTC to BTC directly - without going through USD |
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The Litecoin market is not big enough to push Bitcoin up $15 by dropping Litecoin by $2.
this and now we see why someone was holding the BTC price back on BTCE for as long as possible. |
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I have about 120 BTCs, is that enough to be a millionaire soon? How much u got?
Define "soon"? This side of 2020 you need a lot more coins. Compared to early adopters (assuming they still have their holdings and have not sold) your amount is laughable. |
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The only way they can "attack" bitcoin - is to implement a technology that delivers all 90% of the benefits of bitcoin that the average person might care about. ie - using it saves them money, and is as easy or easier than their existing solution
Do that and bitcoin and altcoins become a niche technology beloved by a small passionate usergroup - oh wait.
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I don't think investors are really considering the size of the markets that bitcoin can potentially disrupt.
BLOCKCHAIN is the most disruptive technology of the last decade. There have been some large investments in the last years including by Richard Brandson. While bitcoin might be what people think of - it is the Decentralised Blockchain that is the disruptive technology - not Bitcoin itself. Just worth bearing in mind. |
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Can you post a brief outline of what the main points were for those unable to view youtube at work? Is a deal still on the cards and is the next big meeting tonight still on the agenda? thats a clip from dumb and dumber Those are as good as money sir, Those are IOUs. In short they didn't provide any plan at all, they said they will provide a plan tomorrow "maybe". |
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This is NOT an ETF. Coinfloor is a UK based bitcoin exchange. It has been around a while and is a place to buy and sell bitcoin for GBP. Volumes are low.
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The banks would NOT have to temporarily convert currency into bitcoin. I could see them sending blocks of fed notes (1,000,000's 100,000's 10,000's) with marked satoshi's/colored coins. Of course they would still have to pay transaction fees with bitcoins. I believe it would still be bullish from Bitcoin being acknowledged. It just would be a way more subdued trip to the moon since they would not need a billion dollars of bitcoin to transfer billion dollars of fed notes just a few marked satoshi's.
Can you please elaborate on how the block chain can be used to send fed notes (or other non BTC transactions) without using actual bitcoins? with a coloured coin implementation all you need is a global standard that a red satoshi = 0.01, a blue satoshi = 0.1, a green satoshi - $1, then by sending 3 satoshis you can send $1.11. And if I mkae a purple satoshi $1,000,000,000, I can send $1,000,000,000 with 1 satoshi. But that is by the by, Banks will NOT use bitcoin unless they can get themselves comfortable with receiving bitcoins from unknown parties, or ensure that parties identify themselves - ie meet money laundering regulatory requirements. What banks will much prefer is a closed loop system where they act as gateways and send IOUs around a distributed ledger amongst parties they trust (sound familiar). Banks don't care that they are trading IOUs and fractional reserving - that's what they do anyway. Now that system is in many ways inferior to bitcoin, so bitcoin will continue to exist, but it will give the banks enough instant transaction and cross border ability that for most sheep using bitcoin will be too much hassle for not enough saving. |
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Contacted their customer support today with the following message: Hi!
I can only pay with bitcoins but you don't accept that payment method. I also cannot
exchange the bitcoins for a gift card on a 3rd party web service because none of
them is currently online. Please integrate with bitpay or start accepting bitcoin
payments directly so that I can order from your site.
Got this answer: Hello,
I'm sorry if we did not meet your expectations. Unfortunately, we don't process Bit
Coins. However, I sent your inquiry and suggestion to the higher managements since
this is not the first suggestion from a customer. We do hope that in the near
future, we may be able to provide payments in all kind of payment methods.
There is absolutely no suggestion in this email exchange that Amazon are going to accept bitcoin in the future. All you have learnt is that you cannot pay with bitcoins, and the customer relations person is forwarding a request to Amazon Higher Managements (great English by the way) because they have had more than one similar request. In the future they MAY be able to take other sorts of payment in the future. This is a possibility not news - so in essence this email exchange adds nothing as we already know that Amazon MAY accept bitcoin in the future and also that they MAY NOT. |
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Capital controls on Friday - confirmed...
Insider info. Seriously.
Holy sheeetttt....  ... hitting the fun! I am not BS guys, I hope it is not real even if I am long... I was going to ask: are you serious or reeal serialz? Turn on bloomberg, they are talking about capital controls for 3 days now. Also this is nothing new in Europe... Cyprus, Iceland. I know it's a possibility, but he claimed it's confirmed. it's not |
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But just step back for a moment and ask yourself who in the hell had the power to do 9/11?
Anyone who took some flying lessons? Because pilots were trained to follow a terrorist's orders, similarly to how bank tellers today are told "no heroics, just give a robber the cash; we'll round him up eventually". And FYI the idea literally was written into a Tom Clancy novel years before (although IIRC it was Japan that attacked) so the terrorists did not even need to be creative. That same novel put forth the idea of combined physical/economic warfare as well -- crash the stock market just before you attack. Chomsky's confrontation with a truther idiot: https://www.youtube.com/watch?v=3i9ra-i6Kncnote the oil price move in the last few months, and compare to movements before the fall of the USSR (80-86 for the big move - 3yrs more for the impact to cripple) |
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what is this childish crap with flashing walls on bistamp anyway. some rich kid had to many squishees?
If it was another market I would say it was someone working to hold the price down until the US got in but this is bitcoin so. I think it also possibly speaks to a lack of fiat on Bitstamp. |
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