I too follow the golden words of warren buffet and i used to buy any asset when every one is selling and sell back when every one is buying.I have gained more profits by following this rule.It implies that we should not follow the market trends blindly and not to buy or sell getting panic. |
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 Above screenshot shows post-Christmas 2013 thru March 31, 2017: Which one to buy?? Breakdown of performance for that period (in USD terms): Bitcoin/USD: +80% S&P 500 Stocks: +30% Real Estate (REITs): +26% Gold: +3% Bonds: +1% (Note: Bitcoin performance suppressed due to post insane Chinese-run in late-2013) If I were you I would buy bitcoin since it's price growth is faster than gold and others but if you want to lessen the risk and if you don't trust bitcoin yet, I think it would be good if you would diversify your investments to all of what you mentioned. If you would buy bitcoin, I recommend that you wait a little for a price dump so that you can buy cheaper bitcoins unlike now that bitcoin is table to 1083$ that might go down a little before going up. I too would recommend to buy bitcoins instead of other assets.I would advice not to wait for any dumps as dumps would be very rare here after and waiting for dumps would lead to buy bitcoins at much higher price.Only bullish trend would continue here after. |
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Many time, whenever dump is coming than the next time, bitcoin price will up. But not every time it is work. I have seen when bitcoin start to dump than it is also give us big dump. But in this year, bitcoin price is straightly going to up, not give us dig dump, bitcoin price up and down but still it is highest price $1236.
Those time are gone when we see big dumps of bitcoins. These are the days where the bitcoin pumps are higher and remain for a higher number of days. In between dumps are few and may not last longer. Yes,no more dumps in bitcoin.Here after,only bullish market would continue.Most people have now realized that dumping is done to snatch their bitcoin holdings and hence no one is now ready to lose their bitcoins to big whales.Thats why the price has constantly increased and now its $1300.Bitcoin to the moon for sure. |
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I say by the end of December for sure, but feeling the summer is a possibility as well. Your thoughts ?
We need not wait till december because already the price is $1300 now.Hope, by the end of june,we would surely reach $1500.Japan accepting bitcoin as payment and more progress coming in bitcoins would boost up bitcoin's price. |
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Bitcoin is not over valued.If any one says it is over valued,compared to what? gold or stock markets.Bitcoin is the perfect system for sending millions of dollars to any parts of world quickly.It has intrinsic value.Some may speculate bitcoin's price to be more and if they lose,its their mistake.Bitcoin should be valued based on the under lying characteristics in it.Bitcoin is a protocol used by millions of people all over the world and it is decentralized and so works in a fair manner.
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Good news dude ! Bitcoin price is recovering little by little . From 950 $ some hours ago to 1066$ now ! Buy now till it's under 1100$. https://blockchain.info/marketsYes,now bitcoin's price is $1300.japan accepting bitcoin as legal payment,many other countries showing green flag for bitcoin and more companies starting to accept bitcoin are some reasons for this price increase.Inspite of Roger ver and Jihan's activities to destroy bitcoin,it has recovered.Bitcoin would be here for more.Dont know where roger and jihan are now.Bitcoin's predicted price for 2017 end is $2000 and it seems that there would be no difficulty for bitcoin to reach that price. |
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China has been trying to short the bitcoin market a couple of times now by making weak hands panic sell on every of their PBOC announcements. The PBOC is obviously using their power to destabilize the market in order to keep stealing money from weak hands and profit from margin traded short positions as well. But something is clear: Every time they come up with a bullshit excuse to crush the price, bitcoin rises stronger and their effect on the price weakens:  By looking at this, and also by looking at the price difference between Okcoin and western exchanges, it is clear that china is no longer a dominant market maker. They can try to shoot at him along the way, but it will keep recovering. Bitcoin wins again and the path towards glory continues. Bitcoin manipulation by chinese gamblers is no more possible here after.They have already made the bitcoin price to fall many times by dumping and got cheaper bitcoins.But now the scenario has completely changed.More people all over the world are ready to buy bitcoins and if the chinese try to dump bitcoins,then surely they would have to lose their bitcoins.Dragon era has come to an end.But the bitcoin rally continues unstoppable.Whatever steps china takes to destabilize the bitcoin market,bitcoin gets more and more powerful.China too have realized this and hence they have started to regulate bitcoins instead of destabilizing it. |
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Switzerland has always been a heaven for people having black money.Bitcoin is also psuedo anonymous and is used by big whales to invest their black money to escape from governments.I think that switzerland would have been the pioneer in adopting bitcoins.They are already late when compared to other countries.But definitely,it will help for more progress of bitcoin.
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I have voted for 2-5% of people.Even today,there are lots of people who dont have bank accounts and dont know about credit cards and digital transactions.All they know is only paper money which could be visibly seen and touched by hands.It would take years for them to convert to digital transactions.In india,recently demonitization of high value notes were made to turn people to digital transactions.But it didnt succeed.People inturn turned to paper transactions.So,there would not be a significant difference in the number of people using bitcoins by 2020 and bitcoin has to go a long run to reach people of all corners of the world.
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Im from India,the world's second largest populated country.Bitcoin is getting popular here slowly.Recently,police arrested five youngsters consuming drugs and unfortunately they were found to have bought it with bitcoins.So,government has formed a committee to discuss the possibilities of banning bitcoin.Hope,india too would follow the same path of china and russia who once tried to ban bitcoins and now started to just regulate bitcoins.If bitcoin gets popular in india,definitely it could create a huge impact on bitcoin progress.
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Right now i trying to mining a lot of coins, i thinking its mabey its good to save the coins like 6-12 mdr before selling it.
Can orther explain about its a good point else about the risk its to high to lose to lot on it?
Saving the mined bitcoins would give more benefits.Bitcoin price has almost doubled in last six months.Instead of selling mined bitcoins today for smaller benefits,it would give you huge returns if saved.Previously,bitcoin mining was very easy and of less cost,but today's mining operations are not easier and cost of mining is also very high.So better save mined bitcoins. |
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For the first time, when I look at the offers on LocalBitcoins.com, there are a half-dozen currencies ahead of the US dollar, offering a higher price for Bitcoin than US dollar users.
Euros, South African Rands, New Zealand Dollars, Hong Kong Dollars, Polish Zloty, Malaysian Ringgits.
It is no longer just the US, EU or even China driving adoption. There is a market for Bitcoins in major countries all over the world.
It has been already estimated that bitcoin would be the sixth largest reserve currency by 2030.Already,US dollars has been the global reserve currency for the last seventy years and it is now in its last stage.The world has been constantly searching an alternative currency to replace US Dollars,Euro or Yen.But they failed.Now,Bitcoin has become the center of attraction and every one has started to believe that bitcoin has the potential to replace Dollars as global reserve currency.Just like japan,most countries would start to accept bitcoin as payment.Reason for acceptance may be different.some under developed countries may accept it due to the failure of their national currency and Iran accepting bitcoin just to bypass US sanctions. |
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Hello everybody, I am new to the bitcoin and bitcointalk forum. I just wonder what/who make the price of bitcoin, and what does it depend on?
Bitcoin was first created by satoshi nakomoto as a digital currency.At first,10,000 bitcoins were sent to buy just pizza.Then people began to build their trust in bitcoin and they started buying it.Slowly,bitcoin price began to grow.In Jan 2012,its price was around $12.Bitcoin's price continued to increase in proportion to increase in demand.Now,its price has reached around $1300.Therei is no central authority to fix the value for bitcoin.Its completely decentralized.Just like Gold,a piece of yellow metal is valued based on the amount people are ready to pay for it,same is the condition with bitcoin. |
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I too agree that bitcoin is worth and fiat money is worthless compared to it.But today every thing couldnot be bought through bitcoins.So bitcoin has to be converted to fiat for purchasing goods.This would be correct if bitcoin is bought considering it as a currency.But if bitcoin is bought as a long term investment,then it would not be wise to convert digital gold into cash to buy just some products.We should better hold it as bitcoins and if we were in desperate need,then a small percentage of bitcoin may be converted to fiat.
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If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any nuber of ways in 10 years.
Definitely,i would prefer to go with bitcoin.Gold has been saved for centuries.Its secure.But bitcoin also works on a secured block chain system.So it couldnot be hacked.Bitcoin has almost doubled twice in its price in the last six months.But gold doesnot show such a high increase in price.More over,gold could not be taken to other countries easily and quickly.But bitcoins could be easily transacted to any part of the world quickly. |
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is bitcoin more popular than US Dollar ?
No.But it has started to gain popularity slowly.US dollar has been as Global reserve currency for the past 70 years.Petrol is sold only in US Dollars.US dollars can be exchanged universally in any country.But bitcoi has just crossed its initial eight years.There are more people who dont even have bank account and dont know about credit card and digital transactions.But bitcoin is a digital currency.So it would take years for bitcoin to get popularity more than US dollars. |
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Bitcoin has pass through many stage, limitations, attack and forks issue but its price keep on increasing from inception till now. At this time Last year bitcoin price was $450 but today it is $1245 that was over 180% increment in just a year. This is what we call blessing, that is making progress in the face of strong opposition!!
Banks and governments have tried their best to destroy bitcoins,but they couldnot. Russia and china tried to ban bitcoins,but they couldnot. Roger ver tried to dump his bitcoins to develop BU,but he also couldnot do that. But bitcoin has successfully overcome such difficulties with its price constantly increasing. Surely,its a blessing for all people,especially people of under developed countries as slowly,they have started to accept bitcoin as a currency. Bitcoin's progress is yet to go. |
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The world is already moving away from paper money towards digital transactions.With technology growing day by day in our life,usage of virtual currencies is also increasing.Bitcoin not only offers low cost transactions but also it would be helpful for the unbanked people who dont even have accounts.Once,when paypal was introduced,many found it as a way to send money out from countries where it might be seized.Today paypal has grown as a main source of sending money and in the future,bitcoin might even get the place where paypal is found today.
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My personal opinion is that these kind of services should not be encouraged.
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What's preventing Bitcoins from being accepted as mainstream payment forms? I'm working on a new blockchain and would like to learn what drawbacks of Bitcoin urgently need to be improved  The time taken for the transaction confirmation is more which makes it practically difficult for merchants to accept bitcoins. The high price fluctuation in bitcoin is also a reason. Merchants may fear that governments may regulate bitcoin and their transactions would be tracked. The merchants fear that tax may be implied on their bitcoin earnings. These are some factors which stand as obstacle in bitcoin from being accepted as main stream payment. |
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