Ask any oldtimer, and you’ll find that masterluc is something of a legend in the Bitcoin community. His main claim to fame is that he called the top of the November 2013 Bitcoin bubble and the subsequent bear market. On December 6, with the price at $1100, he said: “Third day in a row I wake up, see charts and ask myself "Is this the end?" and third day in a row answer is "Yes.” End of first historical bullish trend 2010-2013.” https://cointelegraph.com/news/legendary-bitcoin-trader-masterluc-predicts-15000-bitcoin-this-yearI don't think that this time he is accurate. Honestly bitcoin is going to grow, probably this year we will see that btc will go to $5k and beyond due to the Segwit ativation that is coming in a day or so. But $15k is out of the picture, imo. Sure, next halving we could see this sort of crazy rises but definitely not yet. Any of us here can also make insane predictions like this based off one lucky prediction in the past. Predicting the dump is easy, timing it is hard. He actually missed the ATH by $250 back in 2013, so take his words with a grain of salt. |
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John macafee tweeted last month that bitcoin will hit 500,000$ in next 2 to 3 years whats your opinion about that? are u seeing this or not??
$500k would be a heck of a rise which i don't think that we will see right now. To achieve that kind of price level, you would have to have more than 100x rise when btc has already risen by 10x this year. It's just too much to demand. Honestly this is more of a publicity stunt than anything else. You shouldn't believe everything that the media spoonfeeds you. If somehow mainstream adoption was achieved in the next year, then it's an achievable claim. But otherwise, as i said, probably not going to happen. |
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In order for bitcoin to hit levels of $250,000+...... it will need to be accepted and marketed everywhere. So far, Microsoft accepts bitcoin. This could be the ice breaker and the door opener for other companies such as Apple, Sony, Google, etc down the road, eventually leading to retailers such as Walmart and franchise such as Mcdonalds.
In order for bitcoin to take off to levels that seem ridiculous right now, we will need to see the average Joe not only be holding bitcoin..... but also be spending it. (In this case, $250,000 could possibly be severely underestimated)
Unlike the tech giants and whatnot bitcoin is different. It is decentralized. Which means that the technology will probably not evolve that much at all. Rather, what has to change is the community itself. All we really need is bitcoin to have more acceptance in society in the form of merchants and whatnot, and the rest will sort itself out. Stability will come with more merchants accepting btc, which is a plus. I wouldn't be surprised at all if a clear correlation between the amount of merchants around the world accepting btc and the btc price was found in the long run. |
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It is not far from $5k and we could well see bitcoin break that barrier when in a few days time Segwit is finally implemented. However, i don't think that it's going to stay above the $5k level for that long. Even though bitcoin is indeed a great investment and in the long term there will only be more and more users, i don't think that this pump is sustainable in the short run. My prediction would be that we'll see BTC at around $5k and then a drop to $3k or so. |
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Very often I see people asking here if governments and banks are going to destroy crypto, because it aims to replace them.
But what if governments and banks can benefit from Bitcoin too? Here's a few cases that I can think about.
Just like US military invented Tor for their own use, cryptocurrencies can be used by agencies like CIA for their own purposes. They can secretly fund opposition in other countries, as well as fund private companies, researchers and political figures.
Bitcoin can be used as universal global money, it's much cheaper to store and transact than gold. Many countries are unhappy with financial hegemony of USD, and Bitcoin can easily solve this problem (although centralization if mining around China can be slightly problematic).
Banks can offer their customers better privacy via cryptocurrencies.
Thoughts?
It can benefit the whole economy, not just the government, if they chose to use bitcoin. Protecting privacy, decentralizing the economy to make it more stable and convenient to invest in, a public ledger, etc. are all just part of the advantages of using bitcoin. However, the real question isn't whether bitcoin can be useful for governments. It's whether they want to use it or not. As many have said, i think that they are going to reject the idea of cryptocurrencies solely because of the fact that it would mean that they lose control over people's life savings and they will be unable to tax people. Governments are centralized. Bitcoin is decentralized. There is a fundamental difference that the government cannot adapt to. |
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I don't want to send all of my coins to the same damn address. Why isn't Poloniex letting me generate new addresses to deposit in different transactions using different addresses? Fuck these guys if you can't.
What exchanges that have BCH listed will allow me to generate different deposit addresses? I want to dump all of my BCH for once, but I can't send it all on a single batch, I need different deposit addresses.
Nope. They update the deposit addresses when they want, how they want it. You essentially have 0 say in when it's done. There is definitely no refresh address button anywhere. On bittrex, i'm pretty sure that you are able to generate a new address each time you deposit something. There is a refresh address button at the bottom. Why do you need to have multiple deposit addresses, though? As mjglqw pointed out, there is no benefit apart from privacy, which you're going to get less of anyways if you were to use an exchange to process your deposits. But i wouldn't recommend using poloniex, even if they did offer the option to generate new addresses. They have lots of issues. |
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Do you only need to backup the 12 letter seed words and the private key, or both the public & private key?
Back up the 12 letter word, because that is how your whole wallet derives from. If you only backup a private key then it could potentially mean that you lose out on coins that are sent to your other addresses - there is no means of getting your other addresses private keys with one of your private keys. And you don't need to back up your public key, no. The public key can be derived from the private key at any given moment using sites like bitaddress. Run it offline if you want to have more security, but it's not necessary if it's just for an online wallet anyways. |
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You might not see prices this low ever again, remember $4,300. Likely the last time you see cheap Bitcoin.
Well this is what every sasys in a bubble isn't it? And every single time when bitcoin has risen too much, it has come down. In my opinion it is most likely going to drop down to around $2500, perhaps even lower, and just stay there for a while. I'm a long term bitcoin believer, but this current pump is just too crazy. I don't see it sustaining much longer, tbh. In the long term though, yes, $4300 is probably one of the cheapest points at which you can get your coins at. Fiat is depreciative in the long run, just remember that. Bitcoin is not. Agreed, as much as i believe in bitcoin i don't think that people should just buy in because everyone else is. That would be an incredibly dumb move to make and will probably result in you losing a lot of your savings. If you want to buy coins it is much better if you just waited a couple more weeks/months for that dip and potentially save yourself a fortune. Otherwise, you're just wasting your money filling others' sell orders. In the long run though, like yourself, i am 100% backing bitcoin to become mainstream and its value will skyrocket. |
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Site looks good and the profits seem even better.
I was wondering if the investors have any kind of say in what you guys invest in? Like a voting process which shareholders are able to vote for whatever they want to invest in, and you guys take into consideration their suggestions?
Also, who else is managing this fund, apart from you?
Any trusted forum names?
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Bitcoin’s very volatile prices have reignited the debate about its usefulness as a currency or as an asset. In some ways, Bitcoin suits the definition of currency quite adequately but if the volatility is less. It allows for the creation of secure and transparent transactions. Thus, can be used as a secondary currency in future. Some of the experts have huge concerns over its volatility. But, sooner or later the prices may remain less volatile as of today. I have mentioned few points about Bitcoin as a currency or as an asset in my article here: https://atozforex.com/news/is-bitcoin-a-currency-or-asset/What's your opinion about BTC as a currency or an asset? Suggestions and comments appreciated   I think that bitcoin is somewhat in between. It is a much better currency than gold was because of its divisibility and transportability. At the same time, it's got properties that fiat currencies do not have. for instance, many people are able to hold bitcoin as a long term hedge against inflation. This is something that an asset has. It's really a hybrid, in my opinion. Remember, currencies fluctuate as well. It's not only assets that fluctuate over time. |
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last week only $3400, now it's $4400 even I don't buy cheaper coins at the end of july, but I am still win.  And now it's only $4100 again. $5000 is never going to be easy to break. That is basically going to be half of $10k which is psychologically important for traders. Growth has slowed down a bit, i think. And it was destined to slow down because of the fact that it was not going to be sustainable growth at all when all of a sudden you have a $1k increase in price in less than a week's time(actually half a week). If bitcoin is going to break $5k, it's going to do it this year though. I'm just not entirely sure as to how much fuel is left in the tank to do so. This is resembling a bubble... |
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Active use of blockchain in everyday’s life allows us solving a lot of problems, especially in the financial sphere. One of the problems with using this technology is customer identification. It's not always possible to successfully identify a partner.
Microsoft will decide this problem with BlockStack Labs and ConsenSus. They plan to develop a solution to simplify the identification based on the blockchain. For this they will use the solutions uPort and OneName that were written for Ethereum and Bitcoin accordingly. The product will be released in three months.
Such a platform may carry some interest for future ICO.
IMO this is exactly why blockchain technology and bitcoin should be used. A person can voluntarily reveal their identity, but most people will choose to stay anonymous. Only when you are identified as not yourself but rather a unique identifier which can be changed at any time can it guarantee freedom of speech. Otherwise, people may discriminate you because of your race etc. Anyways, what do you need a person's ID for apart from stalking them to collect taxes which is non-existent in bitcoin? |
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hi guys,
What are the prediction of bitcoin price peak at? wondering if holding on or selling them at current price is a good idea.
cheers!
I think that price is probably going to peak at $4.7-4.8k each when Segwit gets activated. Sell at current price isn't a bad deal at all, in my opinion. Even if price goes up by $500 you'd be losing out on nothing. Plus, if you were smart you would have bought when bitcoins were dirt cheap at $400 each, or even $1k is fine. I doubt $500 would make much of a difference. Anyways i'd expect that after it gets close to $5k it will be unable to break that barrier, and people will panic because growth has slowed. After that, i do think that several major corrections will come, driving price down to $3k or less. |
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I have been watching Bitcoins all the time after it hit $3000 just a few days back after which a super rally got injected and it inflated higher till it reached its new ATH of 4491 (near to 4500 as mentioned by me and many other speculators), but it looks like it is currently playing sub 4000 but being fallen >10% of its price is indicating that once again we will be getting some coins for cheap. Shall we take it as just a corrective measure and move on and buy more OR shall we wait and see how big will this dip be?
It's not really cheap right now. Cheap coins in my opinion would be somewhere between $2000-2500. Anything above that is at par or somewhat high. To answer your question i do think that we are going to enter in a period of ups and downs and mostly downs. There is simply no way that bitcoin is going to keep rising 10% per day. I think a lot of people have already gotten used to bitcoin rising so much, and when they see that bitcoin is just staying at the current level or even going down a bit sometimes they will panic since a lot of people are trading on margin. This will cause a long squeeze, and i expect btc to go down to at least $3500 if not lower. It may recover, but i do think that currently we are in a bubble and people are overly optimistic about the short term. |
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Nice list, i really appreciate it and it'll help probably a lot of newbies who want to find the service that best fits them.
I think though that you should definitely add a column in which it says the limits for non-verified accounts. Right now, there is indeed a tick box for whether they accept no verification users or not but it doesn't say how much a non-verified user can load or spend.
this is especially relatable as recently EU changed their rules regarding online money transmitters that led to Wirex to decrease their limits for non-verified users substantially.
Otherwise, keep up the good work!
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Is it posible that bitcoin will reach $100,000/bitcoin in 2021? thinking there are 7 billion people worldwide and the cap for BTC is 21 MILLION.
Much is still unknown about how markets are going to go even in a week, let alone in 5 years. It very much depends on how things go regarding scaling in the next few months/years. If it goes well then we could well be on our way to reaching $10k per coin by the end of 2020, when another halving hits and prices will probably going to rise alongside the halving. Potential? As you said, there are 7 billion people in this world and 21 million bitcoins that can ever exist. So each person on average can own 0.003 BTC max. But this is only IF every single person on earth decides to adopt bitcoin. Potential and probable outcome are two very different things. |
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Well i am not into Bitcoin news, So need sources from you guys. What has caused this uproar in the price in your opinion? Except for the 1st Aug, Have any country approved bitcoin? except the Japan news. Any positive news in the air which has caused this up rise or its just a simple bubble. If you think this isn't a bubble do let me know why? I need proper sources with your answers. Also do suggest me some good news sources for bitcoins. Thank you.
I think the single most talked about issue currently is the segwit activation date which is actually coming later this month. In my opinion, this has a lot to do with the recent rise in price. People simply think that Segwit is going to be activated without any sort of hiccups and they are willing to put their money where their mouth is, and invest some real dollars into bitcoin. However it does seem like currently, it is entering if not already in a bubble state. Sources aren't accurate. Do whatever you deem the best thing to do. Don't rely on others opinions. But if you want just general news, then go onto coindesk. |
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How think what price BTC will be after 23 August?
I think $4500
You're actually very very close. I'm surprised at how accurate this prediction seems to be. Right now the price sits at a respectable $4150 per coin on most exchanges per bitcoin, which is more than enough for me, personally. Remember this is not even a week until Segwit gets activated, and i don't think the bullish trend is going to stop when that date comes. $4500+ would be a decent level, but every single time there is a pump it always overshoots. Therefore, i think probably 4600-4700 per coin 1-2 days after SW activation. This is crazy, crazy stuff though. I would have been considered a maniac for saying these things a couple of months ago. |
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I asked my friend if he was going to buy bitcoin when it was 800. He said it was too expensive and he would wait for a dip.
at $1200 he said the same thing.
at $2400 he said the same thing.
at $3400 he said the same thing.
Now its about to break 4,000. I asked him if he was going to buy some bitcoin today. Guess what he said?
Well he could have definitely bought in between those pumps. There were a lot of dips in between pumps that could have definitely been taken advantage of, instead of just blindly buying in at every single moment with every single cent that you own. At the time of my post it's already broken $4k and stayed up there for a day. Honestly, i would not buy now and i would agree with your friend on this occasion, wait for the crash and the panic, and buy then. But it's up to you honestly. I personally think this pump isn't going to be over either, until at least the end of the month. If you feel comfortable buying in now then go ahead. |
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Hey!
I want to know, how can I create a Virtual Credit Card for PayPal Verifiaction Purpose only.. Where can I create one?
I don't want to buy, I only want to know, how I create one..
Is their an Provider? Then please send the link here..
Best Regards
BaxxClick
I would suggest using Wirex. As far as i know they are still offering virtual debit cards for free. And they work perfectly for paypal verification purposes. Only downside is that you do need to deposit at least some sum of money >$2, because Paypal will deduct a small amount of money from your prepaid bitcoin debit card for the verification process. Otherwise, it'll show up as an error. Don't store too much money on their site though because they do have some new KYC terms which are pretty strict compared to previously. |
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