It is said that bitcoin will destroy the fiat system but i believe that if this happens the world will change completly because banks and a lot of things will go out of market.
The fiat system will always exist alongside the BTC system. By 2022, anything can happen, though for sure I don't think we will see a complete replacement. If I look at the development of bitcoin in the last 3 years, then I'm optimistic that the year 2022 bitcoin will use almost people around the world, and this year is a very decisive year for the development of bitcoin.
Bitcoin also has to stop somewhere. It cant endlessly climb. Also, BTC can't grow that much if it becomes regulated as well as banned in major countries such as North America (USA) and China. Hopefully, that time doesn't come. This date (2022) seems a bit close, and the actual popularity of Bitcoin still not yet very big, despite the large number of new comers lastly after the recent price increasing. However it is almost sure that the number of Bitcoin's users will become a lot bigger in 2022.
Yeah, I'd have to agree. 2022 is IMO a bit too soon. Maybe 2030 is a more idea time. |
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Holy shit he can't write english for real. This is really pathetic.
To be honest, the account looks very much bought. Long gap, recent postage, change of language and also spamming bounties. Some one should find a BTC address from around 2014 that he would need to sign to prove his ownership from the earlier times of his usage of the forum.
Also, theymos, please. Make account sales an offence. Ban it.
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-Peter Thiel's Founders Fund has bought millions of dollars in bitcoin, The Wall Street Journal reported Tuesday, citing sources familiar with the situation. -Those holdings are worth hundreds of millions of dollars, the newspaper says. It wasn't clear whether Founders had sold any of its holdings, the report says. -Bitcoin rises more than 11 percent to trade near $14,711, according to Coinbase. [1]Do you think this investor will affect price? Don't necessarily think so. While this is a significant amount of money, I think that they will still hold onto it and not sell. BTC isn't over yet  ... Bitcoin hasnt changed. Actually its kind of gotten worse.
The important properties of Bitcoin are still the same. I concede that a few things were better at the beginning (e.g. mining was possible on consumer hardware and didn´t require ASICs), but the important features still work flawlessly: -the 21M supply hard cap is still set in stone -the block reward decreases according to the predefined schedule -the brightest minds in the cryptocurrency scene are working on Bitcoin and Bitcoin-related services -the developers prioritize security over everything else ... I would have to agree here. It is great that hard cap is set to 21 mil, as that greatly cuts down the possibility of over production and then a downfall of Bitcoin. This is what sets it apart from multiple other alts. However, all we can do is wait for the lightning network to be implemented to help the mem pool relax a bit. |
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2017 ends with the first cryptocurrency losing market share to altcoins. After falling as low as 37.9% in the last two days of 2017, the market dominance of bitcoin now stands at just 38.2% as of this writing on the first day of 2018. [1]total market capitalization is $615 billion cryptocurrency markets and bitcoin have more than $234 billion. Ripple’s XRP is now worth about $88 billion by itself after a massive rally in December. Ethereum’s market cap follows very closely now at over $74 billion. Bitcoin cash (BCH) is also not too far behind with an overall market value of $43 billion. [2]33 altcoins and ICO tokens that are worth over $1 billion by market cap each. there are now also about 129 altcoins and ICO tokens that are worth between $100 million to $1 billion by market cap each Do you think that bitcoin will continue to lose its market dominance to altcoins in 2018? Source https://news.bitcoin.com/after-ripples-rise-btc-dominance-falls-below-40/Bitcoin is the OG coin, the most trusted coin, and one of the only coins with a limited supply. The media is always talking about bitcion, and most people are only investing in Bitcoin. It is by far the most reliable and best crypto on the market right now. The only other thing I would trust right now is Ethereum, but thats about it. Bitcoin is always the barometer of all cryptocurrency, but since the emergence of ico and altcoins there is the competetions between all cryptocurrencies. That is why the dominance of bitcoin deminished from time to time, but then again 2018 will still ba dominated by bitcoin withe a margin that is not that high like the past years.
Thanks to all the shit-cash grabs that caused BTC's dominance to plummet. I create 'X' coin with a 2 billion coin value that will of course push down the BTC's dominance in the crypto field. Take out ICO's and every other shit-coin and then lets have a look again. |
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DON'T PANIC. HOLD YOUR BITCOIN.
I think temporary drop, don't panic, be patient.
Bitcoin price will increase soon.
It's time to buy bitcoin.
Yes, that can easily be seen. However, it looks like ETH is on the rise, so it awaits to be seen how things work out. I guess all we can do is wait for how things turn out. Bottom line, don't sell, especially not to USD or any other fiat currency. The best thing to do is hold or trade. This is not the end of the line for Bitcoin, so I see no reason to sell. In the present situation it is always the right choice to hold the bitcoin until when the price of bitcoin increase. Don't worry the price of bitcoin will increase and don't get over panic otherwise you will end up in loss.
This is one of most reason why people loose in trading because of their uncontrolled emotion. If you are really confident with your bitcoin then don't sell on panic because for sure you will loose. Hodl bitcoin, it will gives you more profit in the future, be more patient. Very much agreed, though you also have to look at the amount of FUD being spread by the media to those that are not so confident in BTC. This is what is causing the crash. |
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Nice video, though for sure bitcoin will rise to 50k some time along the line. Since the supply is limited to 21K, it is very much better in terms of volatility than the dollar further down the track. Bitcoin is rather unstable right now, though its still growing very much. In my opinion however, this 50k margin can only be achieved with the implementation of the lightning network, or something else that fixes these ridiculous transaction fee times and cost. Its kinda screwed up right now with all the trading happening with the recent dump by the uneducated ones. |
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Yobit AFAIK is "not" a scam, though there have been many many cases of yobit scamming its users with large amounts of BTC or money. You can read about every exchange a lot from others on internet. Problematic exchanges are down for now, good for us.
Ummm, I wouldn't say so. Essentially all exchanges have had reports of scamming its users, so approach every exchange with caution, and also make sure that it is an exchange in your country. This helps ensure that if anything goes wrong, you can go to their front door and complain. Its much easier to scam overseas users than those that are literally at your doorstep. Stay away from yobit for now, and choose a more appropriate exchange like poloniex and bitfinex, etc... |
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If you want to do something good for the community. remove the tips section of the OP post. To this day, there are way too many transaction acceleration services that are essentially scamming services. Though thanks for putting that out there for us to use, I'm sure some of us will take that for good use. Final thought, admins should ban all users who post their "Free acceleration services" with links or addresses for donation. Most people like Coolwave deserve to get banned. Negging those who do not give him money? come on man... |
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This is what makes the forum a shit place as it is. If you got caught have multiple accounts, you got caught. Thats it. There is no way that Lauda would remove you your negative feedback, and IMO I wouldn't too. Dear Moderators, I ask you to correct this mistake.
The moderators will do absolutely nothing. The trust rating is entirely different to the forum rules. If Lauda feels like tagging you, he/she can and will do so. |
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as i said on the title what are the good effects and bad effects of robots in replacing human jobs.
What is your opinion about this guys.
The best thing about the automation industry is the fact that it can be utilized over many industrial manufacturing processes to make things easier and cheaper to manufacture. They may be harder to setup at the start, but lasts a lot longer and is very precise. On the other hand though, if robots replace humans in various aspects of the workforce that will also result in higher employment rates among st those that do not have a good enough education to get a better job. For any government wanting to push for the automation of an industry, its best to have a look at the figures. |
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Hey ya'll, curious question from a newbie here. I was wondering what would really happen to everything if ever bitcoin does pop and lose a huge part of its value.
Can anyone give me understandings as to why that won't happen?
It is in the nature of Bitcoin to be volatile, and there is nothing that we can do about it. However, Bitcoin is very much alive and well. Do not be scared off with the recent dip in the prices. For some, this is the prime time to buy up Bitcoin's once more before it goes too high  Bitcoin will increase $50000 in 2018
Maybe by the end, though IMO bitcoin is not going anywhere with these transaction times and prices. This is probably the biggest setback for users today. If the lightning network can fix it, bitcoin is going to sky-rocket for sure. |
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We've had a lot of things happen in 2017, and now that it's 2018.. What will the main challenges be for January? And for the whole year be? Will we meet a goal like $25K, or will we have multiple forks this year again to crush the qualms?
I think that Bitcoin's main challenges for January will be the heavy processing time of the transactions. After that, the sky is the limit for bitcoin. It would be nice if we could go back to a time where transactions could be sent within a few minutes for a few cents. Also, the price really needs to stabilize before anything rational decisions can be made by companies to adopt it as a payment method. Main challenge for bitcoin is lightning network. If it will be done, we easily seen price at 20k again
I too can agree on this and I see this as the only option for bitcoin to grow. |
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Which one suits you the most?
I currently use exchanges and electrum as my wallets for Bitcoin. The exchange is usually there as I am little involved in trading and its just easier to have some money ready when the situation arises. Electrum is more secure and is better for long term storage, however still does not live up to the reputation of hardware wallets, which IMO are the best for storing any amount of Bitcoin that you do not need on a regular basis. You are in full control of your private keys and no-one else can access it without your consent. In this department, I'd recommend the Ledger Nano S or the Trezor 1/(2). |
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I just always wonder if those billionaires still invest in btc. Do they even know btc exist?
I think they very much are aware of bitcoin and all of its glory. Most have probably invested in it, though they are scared or afraid to say it to the public. Most appear to say that bitcoin is a scam, and that everyone should stay away from it. Though we have learnt from our friends at Jp Morgan that that is complete BS. Don't worry about them, focus on what you can do to make yourself into a "millionaire" or even more  |
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As we can see the cryptocurrencies are still being established in the knowledge, socialization and full utilization of humanity, could the cryptocurrencies cause the use of physical money to be eliminated, is this possible?
IMO I do not really see this as a viable option in the near future. Bitcoin will always have to work and co-exist beside the current fiat system for the pure reason that the governments of our countries will always want to manipulate at least some parts of the financial world. Bitcoin needs to be easily and swiftly transacted between one-another, and while that can-not be done at this current moment, BTC is more of an asset than a currency. In theory it could overtake fiat, though that awaits to be seen. Cryptocurrencies is one kind of money. It is internet based money. it can convert into physical money. but it is more save system than physical money.
Yes, yes, yes, and no. Banks in the western world have got your back in case of fraud and whatnot. You are able to go to your bank and get your money back in case you have been scammed. You can't do this with BTC. |
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what would you say would be a good coin to use for a neutral hold that doesn't gain or loose much at all?
some where that I can save my gains from something like LTC and take my gains while market goes red and put them into a certain coin that doesn't move,
suggestions thanks
Definitely buy more bitcoin. Now's the time to do so. Yes, bitcoin did dip, however that was mostly due to FUD and false propaganda, + the holiday season and many people cashing out. IMO the price will be up again after the new year for sure. Gold is also a viable option and doesn't really fluctuate in value. If you don't have the confidence to go into crypto, then that's a good choice. As for other alt-coins, well, they will never be as big as BTC for sure. I'd leave them alone for the time being. |
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And the wait is officially over! The worst news in this year is Bitcoin is Totally illegal in Bangladesh. If someone trade bitcoin then he will be punish by police in Jail! What should we do now, Guys?  First off, use a VPN when accessing exchanges or this forum for that matter if you want to go to those lengths of security. Naturally, as bitcoin grows bigger governments will want to control it. Well it's just unfortunate, but something like this will keep on happening in 2018, the popularity of bitcoin has been too much and the government has started to take action, you got two choice, secretly using bitcoin and buying things in bitcoin and cash out outside of your country or just stop using it
I agree with what you have to say, though not your last part of the sentence. Try finding methods that exchange bitcoin out side of Bangladesh. Don't give up on it straight away. I hope Bangladesh realizes that instead of banning it they could instead heavily tax it (would be another option IMO (not good, but still not a ban)) and make money off it. |
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The current rise of Ripple is quite significant, at market cap Ethereum the long standing 2nd is way below Ripple now and its still going very strong.
I personally know many people who want to get into crypto are getting in via Ripple only.
So I know its a big IF but, if this trend keeps going, can it even surpass bitcoin?
Is bitcoin in danged or being dethroned as No. 1 at coin market cap?
It Matters. Really depends if the lightning network can solve the whole messy business of transaction fees & the time it takes to actually get your money to arrive. Lets assume that it did not, then we can also safely say that people will be looking into alternate coins to use as a form of crypto payment. From this, we can also deduce that over some period of time, that alt-coin's mempool will also get filled up and will result in a similar case to bitcoin. A new system is needed here in this case, not another currency. That's why I'm kinda against BCH and BTG since they solve nothing of the current problems with bitcoin. |
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A lot of people now days jumping and investing in the cryptocurrency industry.
If you are not investing in crypto, where do you else invest?
Property ? normal crowdfunding? give your input
I think properties are also good investments aside from bitcoin and other altcoin investments. I personally try to start up a business of my own in some sector that I'd believe I could succeed in. Working for yourself is I think the most rewarding and best paying that you can achieve. Crypto is also one of the best investments at the start of the 21st century. |
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Title.
So. Electric cars are gaining in popularity, therefore the popularity of gasoline will be going down. Won't the price go down, leaving the oil industry in trouble?
Well, it matters. Don't quite know how this ties in with bitcoin, but still. Normal cars have a fuel burning efficiency of 20% and electric cars use electricity which can be created from the same fossil fuels at the efficiency of 60%, meaning that electric cars still use fuel (in essence), but consume 3x less overall. This, of course, is bad news for the oil companies but they still able to sell some portion of their oil. IMO the most important thing to do right now is to anticipate the run-out of oil and plan ahead. |
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