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Bitcoin price can't crash like that in one day, even Trump is unable to do that. Even in the worst cases where all governments start banning Bitcoin, people will keep trading, the price will decrease for sure but will never fall down to 0.89$. or even better What would you do if Bitcoin Skyrockets too 2,5 million USD per Bitcoin You are very optimistic, thta's good but if you are going to invest you have to be more realistic. dude, the moment the price goes down significantly and people start panic selling it will be like a snowball. Nobody will be able to get a confirmation on their transactions, they WILL panic even more and the price WILL go down very low, maybe even to 89 cents. |
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I'm trying to understand why are so many people against bitcoin? is it the innovation that scares them? the feeling of staying behind? the fact that that money will go to the wrong hands?
If you are talking about bank institution then thay are against bitcoin for obvoius reasons: they don't understand it, although it is changing, and they feel it is stealing their marketshare. The governments are not so much against bitcoin as against bitcoin being not taxed  |
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What would you do if Saturday Morning you wake up and Bitcoin Price Drops to 0.89 cents?
or even better What would you do if Bitcoin Skyrockets too 2,5 million USD per Bitcoin I can tell you what. In both cases you wouldn't be able to get out of your investment (because of the block size and the number of transactions incompatibility) for weeks or months and then after you get out, maybe the second scenario is totally reversed because everybody has sold. |
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well there is another thread - a guy asking if he should go full immersion with his credit card to buy bitcoin (I mean he wanted to use the full credit ammount) and I can only repeat what I have said to that other guy: it is the dumbest idea ever...
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Hi,
Just to use all the money in your credit cards to buy some BTC and then before the grace period pay them back and repeat. If I am not wrong, this should give you a very nice profit say for a total amount of $20k between 7-8 credit cards plus good credit and all the cachback and points each CC have.
Is this smart?
Anyone does this?
And more important which exchanges allow you to use credit cards? Or is it better to buy using paypal and fund it via the CCs?
Thanks in advance.
Actually it is the dumbest idea I have ever seen or heard, maybe with the exception of taking mortgage for the house you and your family live in and buying bitcoin with that money. Ideas like this may me consider selling all the bitcoin I have... |
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Join Form: Signature campaign Bitcointalk username: colonel_coval Account URL: https://bitcointalk.org/index.php?action=profile;u=1388820Rank: Newbie Starting post Count: 21 (including this one) Date of Join: 18 December 2017 and 06 December 2017 Bitcoin address: 3DmKWXdRvpkRk672CWVxgayZWye6ALUvhH Edit:Day 1: 18 Dec Post Count : 2 Day 2: Post Count : 5 Day 3: Post Count : 4 Day 4: Post Count : 1 Day 5: Post Count : 3 Day 6: Post Count : Day 7: Post Count : Day 8: Post Count : Day 9: Post Count : Day 10: Post Count : Day 11: Post Count : Day 12: Post Count :
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Bitcoin is definitely undervalued, even at the current ATH of $2760 (bitstamp).
The scaling problem is suppressing the price/value growth of bitcoin. Once this is resolved (UASF!!!), we will see the true value of bitcoin, which I am predicting a 10x price of $25,000/BTC!
totally agree, my estimations on bitcoin price curve used to be maybe even more optimistic than that, but they were built on the assumption that bitcoin is a currency so I built an adoption curve into the reasoning. Now, as apparently bitcoin is no longer used as a currency, all the reasoning is to be thrown away, together with the price predictions I used to have. If, however, the scaling problem could be solved, we would be back in the game. |
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Bitcoin is difficult to explain. I also felt difficulties in understanding bitcoin for the firs time. Let's share how to explain bitcoin to children of teenagers. In My country I can say 98% children don't know bitcoin. In fact, bitcoin can be future money. If the children not familiar with cryptocurrency or bitcoin, how can they face the digital era in the future.
Maybe it is difficult to explain bitcoin to a grown up. But if anybody, it is children and teenagers who have virtually NO problem with grasping the idea and even elaborating on it to a great extent. Didn't you notice that children are much more technically advanced than grown-ups? There was this girl who went to a large aquarium with her parents and liked a fish there and tried to magnify it (to see it better) as one would do on the smartphone: using two-finger magnifying gesture |
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I heard that bitcoin is controlled by we users and miners, so I wonder what would happen if all the bitcoin miners stop mining bitcoin?. I'm curious to know what would happen to bitcoin.  haha they would lose the tons of profit they are making (while the hardware operates only) not mentioning all the money they dumped to buy the hardware. And we are taking here about facilities worth millions of dollars. So while we can toy with discussing such topics, it is like discussing the total impossibility. |
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nvestors around the world are buying up Bitcoin, prompting some governments to issue serious regulatory rules. Bitcoin's success spurred the growth in the number of followers, including hundreds of new crypto currencies and a wave of start-ups based on blockchain technology. Nevertheless, despite all the fuss and noise surrounding Bitcoin, many investors are still not confident in the security of the currency itself. Can Bitcoin be hacked? And if so, how can investors protect their investments?
It has been said on that forum many times that bitcoin protocol (probably) cannot be cracked, it was peer reviewed many many times by many skilled developers and there were none significant flaws discovered. The danger here (if it exists at all) is just very very theoretical one. What can be hacked, and it has been happening over and over many times before, is your computer or your wallet on your computer or any online wallet provider. You should secure your bitcoins against those threats, as they are real. So buy a hardware wallet and use it. It is currently the easiest, most secure and very affordable way to safeguard your founds. |
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After there is a BCC can the bitcoin survive or bitcoin will be much more up the price after this
What do you think about this?
I don't think parity is possible, meaning that, it's just impossible that both coins have the same price. So judging from this premise, one of the two coins, will go down, or one of the two coins, will go up while the other one stays where it is at best, or goes down too. If I had to bet, it's pretty obvious BTC is the winning coin. It has the Core devs on board, it's the legacy chain, and it has segwit which is good, unless you subscribe to the anti-segwit conspiracy theories. I agree that BTC seems to be winning for now but on the other hand I have a transaction right now which has been stuck since Monday (unconfirmed to be exact) and the fee seemed to be quite appropriate (1,5 USD) when I set it. Transactions with that fee used to be confirmed within minutes before. Well it is just an example, but the same complaints I am hearing everywhere on that forum, so maybe BTC is not the one, after all. Looking on that issue from another perspective: if BCH were as successful as BTC, with the same user base and number of transactions, maybe the fees would be the same height? Who can tell.. So in the long run I am not so certain on which coin wins. Maybe neither. We'll see on that in nearest future. |
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The part about producing no dividends, products or services is the key component of Ponzi scheme that I defined above.
That actually worries me most because it has not always been like that. There used to be a growing number of services and markets where you could buy things for bitcoins. There are even webpages listing places where you could spend your bitcoin. It has all been a couple of years ago and it seems to be gone now. Now, the sad reality is that if you went down for a coffee the transaction fee would be 20 dollars and even with that fee you would spend all day waiting for the confirmation that you have paid and they actually may start serving your coffee. So maybe Realist247 you are right with your diagnosis. A couple of years ago I would totally opose you, now I just don't know.... |
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Before the release of the first forks, the cost of bitcoin increased sharply. People wanted to get free new coins on stock exchanges. Now this phenomenon is no longer there. I think that most forks will disappear.
Actually it doesn't make much sense that the value of a token should go up when the fork of it is created. The forked coin takes away some value of the main token. If x is worth 10 and y of value 1 is split from x, than x should be worth 9 after the split, not 10. No value should be created from thin air. If it is created it only shows that people have completely crazy expactations and they can wind up themselves somehow. |
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Hi, all when I just checked on the net I saw that btc silver has been forked and it's available to trade. Now I wish to know can we claim this coin using private key? If yes which is it wallet and how do we do it? I am not claiming it now, the same way I doing with gold, once there is clarity it's safe then l'll. Need to know can we or can we not cliam this coins using our private key? Also which other forks are on their way? So will claim all together next year. Thanks in advance for the information.
I don't know anything about that particular coin, but generally you need three things to be able to claim new coin and do it safely: 1. that a replay protection is enabled in a forked coin (BTC Silver in your case) 2. that you send your bitcoins safely away to some new wallet fully controlled by you before you start messing with a new forked coin 3. that the devs prepared a fork of a bitcoin core full node. Use that fork as a btc silver full node, replace the wallet .dat with the wallet.dat you had for bitcoin AFTER you send all your bitcoins to some new address. In the past, there have been reports from people that the new software (even listed on official forked coin page) was a malware and stealed BOTH the new coin and BTC that was in the wallet. So follow the steps I have listed above to be on the safe side. Good luck! |
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So what? Haven't you lived enough to know that the "AI" is a keyword used to label simplest algorithms and useless predictions? What can it base its reasoning on? On some data some geek fed it with? Real people with real knowledge have been stating their views and predictions on what is going to happen to bitcoin and the range of possibilities is from a total collapse (Buffet, Stiglitz) to 1 mln value in 3 years (Kaspersky). Whatever the AI has to say, it is only repeating what already has been said on the subject, only in some stupid way. |
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Bitcoin trading these days has become so rucreative that I am tempted to quit my present job which is not giving me enough time to explore more out of bitcoin world...
What's your take on this, should I go ahead and quit?
Thanks
definitely you shouldn't quit your job if you want to trade bitcoin, I don't think a person can consistently make money trading (I may be wrong here). On the other hand, if you have enough bitcoin to sell them and at their current price sustain your living, that is a great idea, and my plan eventually too |
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I know that you can sell your bitcoin to trade plattform like coinbase etc.. BUT you need to verify your identify, so it' s not anonymously.
How do you cashout your bitcoins anonymously then?
you can try purchasing gold with the use of bitcoin payment and having it shipped to some anonymous address, like for instance there are some countries with those machines used to deliver parcels, you have to enter the code and the parcel is yours. From there it is just a question of selling gold anonymously, which as I suspect differs from country to country. |
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I'm not going into all that debate and whatnot, all I know is that I can use bitcoin to buy things,
I can use it to pay for my bills, I can even convert it to cash anytime I want. So, as I see it, it's money.
More than that, like fiat it can buy things and like gold it's value could go up or down. Bitcoin does all these while making it easier for payments ;with the near instantaneous transactions and low fees then, as for the value; it could be both good and bad in terms of investmen/speculation becauee of the volatility.
The thing is that it is very expensive to pay your bills. There was a user in the forum today who complained he payed like 2.5 dollars fees for a transaction and it is still unconfirmed after 23 hours. Look at the number of unconfirmed transactions. It is currently more than 140k. I am not so sure that bitcoin can be said to be a viable option to pay bills. Have you actually tried to pay bills with bitcoin? |
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A Chinese insider just spilled the beans: https://bitcoinmagazine.com/articles/china-turns-bitcoin-focus-inward/At the end of the article he says that China still left open wiggle room to re-open exchanges. Now this may sound like good news, China is the biggest miner and trader of bitcoin. But if you know why Bitcoin has risen recently this is very bad news.  Bitcoin is skyrocketing because it banned exchanges. The exchange ban went into full effect sept 30th. This is when bitcoins price started going to the moon. Supply and demand. Almost all of the bitcoin supply comes from China. When exchanges were shut down, none of that supply could make it to the market. Hence the price goes up. Two situations could then crash bitcoin. First a Chinese mining ban. This would mean the supply of bitcoin would shift to other countries as china will exit the mining pool. This would cause an increase in bitcoin supply to western markets by nearly 2,000 bitcoin per day. This would cause bitcoin price to crash but it may be a slow process. China knows what it is doing and it is trying to obfuscate what is going on behind the scenes. China wants to crash bitcoin. They will do it to lead up to their rollout of the digital crypto Yuan. Bitcoin will go to the moon. It will go so high that the whole world will see. Then as quickly as the rise started, china will re-open the exchanges and cause an instant dump. At that point everyone will know what caused the rise of bitcoin. Will you figure it out before that day? I totally disagree. The thing responsible for bitcoin price growths is the news about opening future contracts bitcoin trading, and to be exact, is the hype and expectations about the news. The thing is, that in my opinion (a sentiment shared by other bitcointalk users, what I learnt when I read a few threads on the subject) the future contracts trading is NOT a good thing for bitcoin in the long run, but people are unaware of it and they get all excited it is happening. It drives the price up |
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I just do not understand the way system work. Because I have 90 posts but update only to 56 activities.
So I think it a certain number each time update. Like 42 will go to 56 and then go to xx ... Is that how it works? I am just curious.
imperatron and other users gave you a nice link to forum rules above, but not to be so technical: as a rule of thumb you might want to add 2 posts per day mon-fri, it is a nice compromise between not working too much and having your account rank increase as much and fast as possible |
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