Hi,
Do you believe that the price of bitcoin could rise so much to become 1 satoshi = 1 US cent?
Some folks are saying BTC will reach 25$K in 2 years and Half a million in 5.
There are a few bulls that are always saying ridiculous things about bitcoin price, how it is able to break $1 million and so on. In my opinion, i don't think that we can see any price level above $50k in the next 5 years because there isn't infinite money to be pumped into bitcoin. Even if all big banks decide to invest in bitcoin and everyone invests in bitcoin, i think the maximum will be still $100,000 per bitcoin. And by then the market cap will be bigger than that of gold and silver, which would be pretty crazy. So yeah, 1 satoshi to 1 cent remains just a dream for now. Though as bitcoin is a store of value in the long run we could see this potentially becoming true as central banks keep inflating their fiat currencies. |
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Is it possible to make 1btc/day from cloud mining? If so, then would it be profitable?  Is it possible? Yes of course. If you invest like 1000 BTC into a genesis mining contract then i think you would have no problems getting 1 BTC per day back. However the main issues are: - You probably do not have 1000 BTC to start with - Genesis mining likely do not have that many contracts that are available for sale - You will likely never achieve ROI, because of the maintennance fees involved. Thereotically, yes you can. But practically even if you do get 1 BTC per day in the end your investment will not be worth it. |
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Does anybody know why bitcoin price is falling recently? It went down from $4900 to 4100 already!
How low will it go?
When do you expect bounce back?
I think that we have seen the bottom for this month already, unless some other bad news gets released for instance another country planning on outlawing the participation in ICOs or an exchange shutting down or getting hacked. Price is currently at $4250, relatively stable around there. I wouldn't mind if it settles at this level at all. I think thought that we are going to bounce back ot at least 4400 per bitcoin by the end of the month. ICOs aren't that important to the functioning of bitcoin at all, it is simply an investment game that people play. Sooner or later people are going to realize that. |
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in 2 or 3 days from now the price will be back to normal because ,in my opinion a lot of peoples are scared not to lose everything . But it is not a good thing altogether because it will decrease the number of cryptocurrency holders by 5% -15% maybe more ... tell me your opinion about this .  I'm not sure what you mean by people 'scared not to lose everything'. But yeah, i agree with you. I think though that price is probably not going to recover fully but yet make a drastic rise from where it is right now to around $4500. I think the main source of funding would be from people dumping altcoins especially ICO tokens, and getting into bitcoin because they realize that bitcoin is still going to be the number 1 crypto, and bitcoin is still legal in China since it is not really affiliated with any ICOs nor is it a platform to issue ICO tokens on. I'd say that by the end of the week we can see $4300-4500. But along the way expect some corrections. We are already at nearly $4250 which is a pretty good sign that people still have confidence in btc rising. |
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Big governments are catching up with Bitcoin and other cryptocurrencies. And are crushing them.
A couple of days after announcing that Initial Coin Offerings (ICOs) are “seriously disrupted the economic and financial order,” the Chinese government banned ICO funding.
That was certainly bad news for cryptocurrencies, which crushed across the board, with Bitcoin losing close to 10 percent, Ethereum 21.74 percent, Litecoin 24.92 percent, and BitConnect 32.10 percent.
Coin/Investment Trust Change 24H*
Bitcoin (BTC) -9.84%
Ethereum (ETH) -21.74
Litecoin (LTC) -24.92
BitConnect -32.10
Bitcoin was basically the best performing crypto in this dump(apart from tether of course), not surprising if you think about it as ICOs are basically how all the altcoins launch these days. Nobody just release the code into the wild and let others mine the first blocks and whatnot with no strings attached. China banning ICOs would actually be a positive factor for bitcoin in the long run, in my opinion. Most projects out there are only here to take your money and never redeem what they promised to you in the beginning. The Chinese investors, if they want to get their hands onto cryptos still would have to go with the most obvious option-bitcoin. Anyways, btc is making a nice recovery back up to $4200 right now. I think we can expect btc to probably rise at least $100 today. |
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It sort of gets rid of all the tension and makes it look more realistic, and wipes out a lot of the irrational actors...
I still don't know if the is a bump on the way to the ATH though.....
Well said. I think that this dump actually saved bitcoin from a much more devastating correction that was coming as the end of the bubble. I think that this dump reminded people a bit that bitcoin is not going to go up forever, it is simply not sustainable. We've seen a floor at $4000, and a quick recovery as soon as the floor was breached. For me i think we are going to see btc float around $3800-4200 level for the next few days. |
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Big governments are catching up with Bitcoin and other cryptocurrencies. And are crushing them.
A couple of days after announcing that Initial Coin Offerings (ICOs) are “seriously disrupted the economic and financial order,” the Chinese government banned ICO funding.
That was certainly bad news for cryptocurrencies, which crushed across the board, with Bitcoin losing close to 10 percent, Ethereum 21.74 percent, Litecoin 24.92 percent, and BitConnect 32.10 percent.
Coin/Investment Trust Change 24H*
Bitcoin (BTC) -9.84%
Ethereum (ETH) -21.74
Litecoin (LTC) -24.92
BitConnect -32.10
Pretty devestating losses but it was coming either way. Markets are going to be especially fragile when the price is in a bubble, and any negative event could mean a 10+% dump off. Still though right now the price is recovering pretty nicely. Wouldn't be surprised at all if by the end of the month we see another bull wave that rides bitcoin to over $4700 again. I don't think that we have seen the peak of the bubble just yet. Bitcoin dominance is again rising, which is good. |
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Yeah this is completely unacceptable. They can't just change their contract without any sort of warning, and without any sort of agreement from their customers.
They were already charging maintenance fees for their service, they do not deserve to cut down the customers' contracts just for their benefit.
I'm lucky that i didn't invest in hashflare(actually i don't do cloud mining at all because they are all shady companies), but if you did please don't just stay quiet about it. Complain to their customer support, if they don't budge then try to get the founder somehow.
I think the support has no say on this issue. Then I don't think there is a chance they will budge really. Not sure where hashflare users could complain to compel hashflare to take it back. This is going to be a big issue in the next few weeks for sure. With enough people complaining for sure there would be some sort of action that will happen. Well, if support gets enough requests for this then potentially they will reflect up to Hashflare management. I know that it seems unlikely but it is worth a try, it's completely free and you wouldn't lose anything through complaining to support. it is already has been the end of the cloud mining. because Hashflare and GM were the last of the mohicans who were actually using hardware to mine for the customers and not a Ponzi scheme. However as you can see the hashflare shoot themselves in the groin and GM (if you haven't heard) are in troubles so much that they are franticly running a Ponzi temporarily to close the gap after most of their and their customers money were stolen. And I am not sure they will survive. So there is nothing left.. Read the news or something..
Cloud mining was never a profitable way to earn bitcoins. In fact, you don't get anything at all. You would be lucky if you got even your ROI back. So I guess hashflare just couldn't keep up investors expectations and make profit for themselves anymore, therefore the only way out apart from going scam or ponzi is to cut down contract lengths. |
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It is a bubble...
Segwit pricing was locked in ages before it even got activated because people anticipated it to happen. Even in the scenario of transaction fees dropping i think that a price level so high up is not going to sustainable, unless if we get a few big companies to gain interest in bitcoin and start accepting it in for their services.
You were around in 2013, right? This is a similar kind of thing. Price is going to be up overall compared to the start of the pump, but it's going to be a pretty big dump when it happens. 1000% in a year is not sustainable. i just don't think the bubble has peaked yet.
No. It will be sustainable as long as there will be some new investor joining with us. You will be never able to compare with what happened in 2013 if you are ready to consider the environmental growth of bitcoin's system. Those 2013 rally ended up in bursting just due to the collapse of at that time's only one crypto-to-fiat exchange. But the supporting things are completely different at present times. You cannot expect any major crash in coming months to year as there are enough investors are eyeing for lower prices to buy. Whales are also losing their power for the same reasons. The part that i highlighted. This is true with anything of course, but what if people seizes to buy? Have you ever considered this? In every bubble people say that this is something new, and as long as new people join there will be fuel to keep the bull wave going. The investors that are eyeing bitcoin prices so that they can buy the dips will essentially disappear when people start panic selling. Sure, there isn't a scenario like 2013 where one exchange dominated the market but in a bubble, everything is fragile. Now i think that the bubble is going to continue to go up for now, therefore i think btc is going to breach $5k again. But i'm just saying, you can't expect bitcoin to keep doubling in price every second month, and stay up there. |
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Yesterday BTC was peaked around $4900+ ~close to $5,000 and it is now back to $4,700
What's your take on it? Minor price correction? Or we will have a slightly down trend towards to Close to $4,000 which is almost a 15% Down
I think it's just a short term minor price correction. $5000 is still in sight and i think we will break it this month. The bull waves are probably going to keep coming until the end of the year, driving the price up to probably $5-7k depending on various factors. I'm not sure i am bullish about next year though because i think that there is going to be a dump-off that will negatively affect the price of btc. Right now, no. Bitcoin is still bullish. But 2018 through to the next halving is going to be a couple of tough years for btc. Just don't forget that we are in a bubble, anything can happen overnight. |
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Dear bittrex customer support,
Why I can't withdraw my bitcoin?
My account is basic
And the message is "ACCOUNT_DISABLED See this link for more details."
what should I do, because I already sent an email to them and there is no definite guide. Help me please...
Regards,
This is common with bittrex these days. Either you went over the limit for withdrawal and got your account suspended, there is a suspicious deposit from some questionable source or there was a hacking attempt/your password was reset recently. Bittrex's support takes a long time to respond as well now... So i can't tell you how long you're going to be waiting for. Hopefully it is not too long. These are your coins and you should be able to get them back. Anyways, as darkstar said try to reach them on slack. They are more responsive there so it seems. |
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Just days ago, predictions and projections were pointing to the possibility that Bitcoin can be able to clobbered the $5,000 mark and it did happen. But what followed was a big correction due to massive sell-off (profit-taking is the possible reason here which is nothing alarming actually) and so we are now back almost at the $4,500 - $4,600 range.
However, since Bitcoin had already broken the $5,000 wall, it would be now easier for it to do it again this time. We just don't know when can that be...will it be tomorrow, next week or just within the month of September?
Getting bitcoin over $5000 is pretty easy, all it takes is a medium sized pump, really. And even though the resistance seemed strong from this current dump i think that we will still hit $5000 this month, potentially even in the next 2 weeks. However whether it stays above $5000 is another problem. I'm genuinely worried about this bubble popping very very soon. Hopefully it doesn't, but when it does it's going to be catastrophic. If the next pump results in a big dump like this one then it could really be the end of bull markets for a long time. This is not really a "bubble" that will pop eventually. Bitcoin has been always like this, increasing steadily then jumping from X dollars to XX dollars overnight then dropping back down. But after that dropdown, it will continue to increase, normally. We can expect Bitcoin to be stable about $5200 levels (what I am speculating here) in a few weeks if not few days. With transaction fees dropping thanks to SegWit, I don't see a negative reason not to have that price increase. It is a bubble... Segwit pricing was locked in ages before it even got activated because people anticipated it to happen. Even in the scenario of transaction fees dropping i think that a price level so high up is not going to sustainable, unless if we get a few big companies to gain interest in bitcoin and start accepting it in for their services. You were around in 2013, right? This is a similar kind of thing. Price is going to be up overall compared to the start of the pump, but it's going to be a pretty big dump when it happens. 1000% in a year is not sustainable. i just don't think the bubble has peaked yet. |
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Just to be clear here. Bitcoin.org is a good informational site but it doesn't list all the possible options out there.
Coin.space is the only wallet provider that is listed on bitcoin.org that gives you full control. There are many more out there that you can also use, for example blockchain.info even though the process to export your private keys has become more of a hassle now that the export function is gone.
But stay away from the vulnerable ones, and the centralized ones. Aka coinbase, xapo, etc. You don't hold your own private keys, if they get hacked then you are screwed. If they scam, you are screwed. A lot of things could happen to your coins that negatively affect you.
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Yeah this is completely unacceptable. They can't just change their contract without any sort of warning, and without any sort of agreement from their customers.
They were already charging maintenance fees for their service, they do not deserve to cut down the customers' contracts just for their benefit.
I'm lucky that i didn't invest in hashflare(actually i don't do cloud mining at all because they are all shady companies), but if you did please don't just stay quiet about it. Complain to their customer support, if they don't budge then try to get the founder somehow.
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Just days ago, predictions and projections were pointing to the possibility that Bitcoin can be able to clobbered the $5,000 mark and it did happen. But what followed was a big correction due to massive sell-off (profit-taking is the possible reason here which is nothing alarming actually) and so we are now back almost at the $4,500 - $4,600 range.
However, since Bitcoin had already broken the $5,000 wall, it would be now easier for it to do it again this time. We just don't know when can that be...will it be tomorrow, next week or just within the month of September?
Getting bitcoin over $5000 is pretty easy, all it takes is a medium sized pump, really. And even though the resistance seemed strong from this current dump i think that we will still hit $5000 this month, potentially even in the next 2 weeks. However whether it stays above $5000 is another problem. I'm genuinely worried about this bubble popping very very soon. Hopefully it doesn't, but when it does it's going to be catastrophic. If the next pump results in a big dump like this one then it could really be the end of bull markets for a long time. |
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Bitcoin's price briefly passed above the $4,800 mark for the first time today.
According to data from CoinDesk's Bitcoin Price Index (BPI), the price of the cryptocurrency hit a high of $4,802.74, before falling back to levels seen over the past few hours of trading.
Courtesy: CoinDesk
Guys what would be opinion upcoming months and what is expected price in upcoming year. Normally price use to bump when we nearing new from Dec 20 to Jan 1.
Well that was very short lived. Currently, bitcoin is down to $4700 once again, which was a significant decline from the ATH of over $5000 on certain exchanges(never broke $5000 on coinmarketcap, though). It's actually gotten lower than what we started with yesterday, that's how big of a dump it was. Anyways, i think that currently price is over pumped. Anything over pumped will have to come down and i think that most likely it will come down by the end of the year. I think that $3k-$3.5k is the most likely scenario. Maybe it'll keep going up, i don't know. But i wouldn't take the risk myself of buying into the market right now. |
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It's going up too fast and I'm getting scared. I was asking myself whether I'd buy at these levels, and the answer is no. So who is buying?
100% agree with you. I would rather have a bitcoin in which the price can be fluctuate less. I would rather own bitcoin when it is going up by say, 1% a week on average and is consistent, instead of going up hundreds of dollars in a day and you never know when the adjustment is going to come. I don't know who is behind this pump, and this is getting everyone excited. Nobody seems to be able to think into the future and see that a dump will always end even the biggest pumps. I think that we will break $5k once again and stay up there, but for how long i have no idea. These pumps can't continue forever. |
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Thanks for the replies! From more research it looks like by setting the fee manually, which some wallets allow the fee to be set manually could be a fraction of the price? Although it might now be accepted right away, would have to wait for a block. Any truth to this and how much cheaper?
you can set your fee manually and from experience there are a few wallets that lets you easily do this. Bitcoin core let's you do this(obviously). Blockchain.info has a custom send feature in which you can send with a manually set fee. Electrum let's you choose the level of fees you would want to pay. I'm not sure whether you can choose exact values but it should be close enough. Copay is somewhat like electrum but with even less flexibility. Think of miner fees as a fee you pay them for a confirmation on your transaction, so that your transaction is proven to be valid and not a double spend. I would not recommend going below the recommended fee level unless you are confident you can accelerate your tx or you don't care about your transaction being stuck. |
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Hello, it is been a long time since I logged in to this account and I think I will go back to cryptocurrency world. Now, I am looking for good bitcoin exchanges that offer exchanges like bitcoin to paypal or perfectmoney and other payment system. The more the exchange cover, the better for me because I plan to setup an bitcoin exchange that is open to my peers at a cost-plus pricing method. Thanks to those who will recommend some website  So you have bitcoin, and you want PayPal right? You can essentially find this on any exchanger, go onto bestchange.com to find the best deal. I personally have used changer4u and everything has worked out fine, but their fee is certainly on the high side to be honest. You can also deal on forum, but just make sure, on forum or off forum you do some research about the person/company you are dealing with. PayPal chargebacks are common. |
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I get the impression that bitcoin is becoming more resilient the older it gets. It has fought off a handful of crashes with the MSM then writting it off everytime to then see it come back stronger. Bitcoin has had a hell of a year in 2017 and seen highs I never imagined would happen. Right now I am sat here with my new funds for a 2nd sizable batch of bitcoin to add to my wallet.
It has been weeks now and not all that much has been happening, I was expecting a bit of a fall in price after so much of a gain. I cannot help thinking that there are quite a few people right now thinking the same, many are wanting to jump in. Looks like I am not going to get my fall, which is OK, but looks like I might have to buy in again when prices rise say 5% to 8% in the next few weeks.
I have told myself that whatever gains I make in the next year I will match it with money I have elsewhere to the point of Bitcoin being 20% of my investments, no more. Rule of thumb for me past decade has been risky investments no more that 15%, and that's high for me.
We've seen the price of bitcoin essentially stabilize at $4700 thus far in the first day of November. Of course, a lot depends on the outcome of the NY agreement, and if bitcoin stays in one piece and the protocol upgrade goes well in general then i think that another pump to get us over $5k or even $6k is entirely possible. If it fails though, then we can expect the price of btc probably go down to around $2.5k-$3.5k. But until then, i think the price will be relatively stable. Just hanging around the $4.7k mark. |
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