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(South) Korea is a country of some 45,000,000 people, so not THAT large (even though they are very technologically sophisticated). Korea will be a significant player, but probably not a HUGE one in BTC. Should SAMSUNG (for example) decide to make mining equipment, however, THAT would be a major signal.
It may be that it is HARD to buy BTC there in Korea. Koreans are welcome to PM me should they want to buy some (we do business, buying auto parts for Peru, with Korean companies). *References could be provided*
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In the past several days, I made two purchases via BTC. Both times I paid a lot (bought Au and Pt). I paid some 350 satoshis per byte, and I was very happy. Both times confirmed at the next block, so I was perfectly OK with that.be
Small trx will be more problematical if they don't fix the scaling problem(s). I could see an "Alt" coming in, better designed, that might blow BTC away out of the water.
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TO: OROBTC
Regarding #4 - not Iran,China nor Russia....a new entity.
Regarding #6 - USA likely becomes so irrelevant -- it wouldn't matter...UK/EU (Germany) will call shots.
On a unrelated side question:
Who controls supply/creation of Bitcoin/Cryptocurrency relative to supply creation of i.e Gold /Oil / Silver etc.
#4 A new entity? Who? Not Israel, they aren't interested in bossing around more Arabs in any "Greater Israel". Who else  #6 USA is much better off than UK and Europe, at least IMO. The USA could become isolationist though. Europe has BIG problems. Again, my opinions only. * * * I'll buy in the narrative that China and the USA are the two biggest players in BTC (China mining (producing) them), but Korea and Japan are moving fairly quickly into becoming major players. Largest Gold Producers (approx order): -- China -- Australia -- Russia -- USA -- South Africa (yes, fifth place) -- Peru Silver: -- Mexico -- Peru -- China Oil: -- Russia -- Saudi Arabia -- USA (inc. shale oil) |
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If I may - allow me to forecast something:
1) UK/EU fills World Super Power status GAP...and starting 2018 or earlier they will do so by going right into North Africa and Egypt.
North Africa and Egypt will be under UK/EU control.
2) Going into 2019 -- US World influence will weaken severely - they will be unable to support the world security needs and the puppet aid ( I mean foreign aid) --
3) Somewhere here -- Saudi Royalty gets into scrap over throne - dispute civil disorder.
With no US security now -- how will Israel and Saudis' secure themselves....especially when in this same region a new discovery is made -- and without US...all the middle east fights over this new discovery...because there is no big ships coming now.
4) NEW player will emerge cleaning up entire middle-east and taking over ... Middle-East starting from 2020 will start to come under new mgmt by a new single entity....they will even cleanup izis.
5) Turkey will be roasted - people will kick out govt -
6) 2020 NorthAfrica/ Egypt start kicking out UK/EU
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All leading to 666....how will bitcoin/ gold/ markets handle the above.
My opinions only, Risk Mgmt...: 1) I think that the UK and the EU will get weaker then the USA. Just my guess, their problems are probably WORSE than the USA's. 2) 100% agree 3) Probably, Saudi Arabia is reputed to be full of internal problems. BAD ones. 4) Iran, China or Russia. Or a combination of them. 5) Turkey..., a country that "had" a future... May not anymore. Hard to say, but my *guess* is that you would be right. 6) Maybe the EU/UK would LEAVE the Middle East instead. Can we (USA) leave too? Before even? * * * 666? Ah, I have NO IDEA. But the ride will likely be interesting. |
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Just checked two other BTC prices (1:26 PM US ET): $2295 and $2325 (approx.).
Often at the end of a big bull run there is extreme price volatility.
Ahh, JUST re-checked: $2270 and $2260.
That's volatility!
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... A little while ago (20 - 30 minutes or so), BTC had a mini-flash-crash to $2395. My gentle suggestion to anyone sitting on a nice pile of Bitcoin that has had a huge rise (like my stack has) is to SELL some of them to hedge your gains. Particularly if BTC is over 10% of your net wealth (it is under 1% of mine). IF BTC goes down "bigly", you can always rebuy. Perspective: https://blockchain.info/charts/market-price |
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Slaughtered. When I got up and checked BTC price as soon as I could, it was a hair over $2700.
I am now seeing extreme price volatility, 5 mins ago price was $2395 or so (down $300...), now I see $2500.
After a HUGE spike like this, it is only prudent to work down your BTC stack if you have big gains. Gold is good for that.
Hey, BTC could reach $3000, $5000, whatever soon. But I would not place my future 100% on that...
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d5000
I would be interested to see an approximation (likely the best that you could do with all the price volatilities) of DOLLAR volume. If BTC trx volume is that dominant, I would guess that $-volume of BTC trx would be even higher than your figures.
I always enjoy seeing "from the ground up analysis" of cryptos. Keep at it!
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... No one knows what will happen. Experts in almost any field where predictions are made usually do no better than anyone else in guessing future price movements, for example. Nonetheless, everyone should be prepared for a sharp fall in prices! It is very normal for almost any volatile market, and of course is perfectly normal for Bitcoin. Note that I sold some BTC (for platinum, providentmetals.com), but I sold too soon ($2220)! NO ONE can predict the future. Still, if BTC reaches $2600, $2700, well OK, I'll buy gold then. Have before, and can do it again. |
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... That's a very interesting idea. I once tried to do something similar with the much larger zerohedge.com forum/website/blog. It is mainly financial, but extremely popular among money-people. My idea was to look at the threads there, the general nature of any predictions, popularity etc. with the idea of seeing if there was any PREDICTIVE VALUE (stock market changes for example). My project turned out to be way too big. I abandoned it in a week. Data collection was a problem as they run some 20 threads per day there, and the threads do not "stick around", very fast moving. Good luck! Keep us up to date if you go forward. Such a project looking hard at "Alts" would probably interest many people. |
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Leading japanese ATM manufacturer OKI has entered into Bitcoin ATM business.They are launching their first line of Bitcoin ATMs this month.The OKI electric company claims to be the first to develop world's first cash recycling ATM in 1982.It seems that all the companies who are pioneer in their fields are jumping into bitcoin industry to make utmost use of bitcoin development.
That is great news. Japan has to be part of this huge movement upward in BTC's price. "The more the merrier." Re BTC ATMs, in the USA the fees are typically around 14%, yes very high, but the owners of the "BTMs" have to buy the machine, maintain it, pay rent to the store and collect the money (probably each day). Sounds expensive to me to do all that. @ TheWallStreetCrew Yes, it DOES seem like the pace is picking up... Maybe this will grow exponentially (maybe it already HAS, we might just be seeing the curve get steeper). But with big bumps along the way. The next crash will be a doozy for sure. |
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Another moronic prediction... Realistic predictions would cap at $3000, or a very important event has to happen to suddenly bump it up another $1000, but it's not very likely that will happen in this month.
I won't be too surprised if it does happen, but it most likely won't and I would like to know why you think the bitcoin price will hit $4000...
all predictions are moronic at this particular time. and if you hadn't noticed it's approaching $3000 in asia and has already surpassed it on a few exchanges. Yeah, THAT might be the "Comment of the Year". Bwa ha. In that NO ONE can predict the future (at least consistently), NO ONE can really know. I was at least as surprised as anyone here that BTC would reach $2500 in May. I could see a price quite a bit higher (not a prediction, a possibility) of $5000 if SW and BU (or whatever they call themselves now) reach a good compromise. STABILITY would bring in more people, and more importantly merchants and companies (see Fidelity thread today). |
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... OK. Let me know by Message here at the forum or my email ( amerumix@gmail.com) re which days you might be free. I have some flexibility, but we are here mainly caring for my wife's parents. If you are close to Miraflores, that would be great. We could meet anywhere near the Ovalo. Better at a place with wifi. If you are closer to Surco (esp. the U. Ricardo Palma on Benavides (nr. Caminos del Inca) that's good too. That's where my in-laws live & work, and they have wifi. Weekends might be good. Send me a PM! I do NOT have my cellphone here. Por si acaso, hablo espanol. |
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Be honest  There that's better. Bwa ha ha  Dwayne, maybe that will be 2018 or 2019... * * * jonald NO WAY would I have believed you! Smile. Sure if you had said $1500 or even $1800 I might have. It's weird (to me) how the price has risen so much despite the discord between SW and BU (or whatever names those camps have now). I still suspect that you are right about your recent prediction: $5000 if they solve the scaling problems.More people and companies will feel confident and join the community. |
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So scratching each others' eyes out aside, can anyone here point to any further comments from Core or the signees about what happens next?
More drama, but nothing of significance, probably. Both sides are idiots at this stage. The stalemate continues until one side gets brave and pulls either the UASF or MAHF trigger. More drama ensues. So, lots more drama, sigh. I was hoping the the Miner Wankers and the Developer Wankers had grown up and saw that a good compromise would be good for everyone, especially thinking a little longer term here. If the drama keeps going, yet BTC price keeps rising (so far that's worked), I may just sell the bulk of my BTC for gold or platinum, too bad I unloaded some BTC for Pt yesterday at BTC price of some $2220. *Maybe $2500 - $2600 might be a good sell price point for moar Au or Pt. I can always re-buy BTC once back in the USA. * But, Rothschild himself is rumored to have answered a question as to how he got rich: by selling too soon. |
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Know what? Someone with better math skills than mine might consider modeling future Bitcoin adoption.
I have a hunch that BTC acceptance, among people like those of us here AND merchants & companies (Fidelity) is the beginning of an exponential curve... That is, growth (growth of BTC use, perhaps price too) will seem slow (now), then will pick up noticeably (beginning to happen), then will shoot up catching most by surprise.
If my hunch is right, BTC will be big very quickly after it starts gaining major attention.
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Both are good, but you are ''stupid'' if you don't invest in bitcoin/cryptocurrencies.
That can be seriously argued Indeed, everyone is "entitled to their own opinion", but as far as my opinion is concerned, Bitcoin is not a very good investment as such. It is a perfect vehicle for speculation and short term trading without doubt (epitomized by a "hit and run" approach), but this doesn't make it a good investment. It is just too risky to be called an investment. As to me, investments should provide more or less consistent income with relatively low risk (US Treasuries are a perfect example of such investments), but Bitcoin is nowhere near that Why isn't it good investment? Yea it's very risky and unstable... but doesn't define good or bad investment, I think that what's behind investment it's most important thing. Limited supply and whole blockchain technology is very good. So volatility doesn't matter, a big investor can shake price a lot but concept still stands! If you go to bar you can easily spend 20-50$, you could just stay one day at home and buy Bitcoin with that. And maybe in 10-15 years you can have enough to live whole life. Sure if you want to invest something which is stable, so you can withdraw money anytime you should buy gold. But buying few satoshis may be a very good lottery ticket. And you can't win lottery if you don't buy ticket  So if you invest 100k in gold, why not invest 1k in bitcoin? That's what i meant with my comment, if I said anything wrong please correct me And what according to you defines good or bad investment? Or what distinguishes a good investment from a bad one? All the limited supply in the world and the whole blockchain technology will be utterly irrelevant if a specific investment (in this case in Bitcoin) doesn't bring you profits but start bringing you losses instead. That's what matters in the end. It could be said that Bitcoin is a good investment (because it has been highly profitable), but we should not forget about the other thing which distinguishes a good investment from bad. It is risk involved. If your investment brings you profit (so far) but it is risky as hell, that may mean that you are just lucky. In other words, it is not profits alone but also risk connected with getting these profits which also counts. And Bitcoin is not good in this department, that's basically why it is not a good investment choice overall, especially in the long term. It is a highly speculative asset, but can such assets be good investments? I think that good investment is if you get profit from it, and more you earn better it is. And bad investment is when you lose money. And yea, risk is important but if you are willing to take it you can make better investment/profit. It depends what kind of investment you want and what money you risk means to you. If I put let's say 5% of my monthly earnings i would pick bitcoin (and other cryptocurrencies), if i would need to give all my money i would invest in gold. And every single investment must be treated seperated, let's say you buy lottery ticket and you win it. Would you say that was bad investment? Indeed, it would be a perfect investment, for the winner But there is no way you can treat investments individually, on a case by case basis. Otherwise you wouldn't be able to tell a bad investment opportunity or possibility from a good one since what makes a good investment is the opportunity or a chance to earn profits by any person following the specified set of rules for a certain investment. In other words, investing in lottery tickets is a bad idea overall, though a few people still win in lottery, from time to time 7jaka7 What deisik says is correct, Bitcoin is more of a speculation than an investment. BTCis a risky asset that so far has a majestic cycle of going way up (and way down). You do not say "an investment is good" just because it went up... Or "bad" if it went down. An investment is often defined as a productive use of capital while foregoing current consumption. A speculation has little productive use (other than a great transaction currency). Terminology is important. I love BTC as a great speculation. BTC is not investing (like in loaning money to build a warehouse). |
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"The Ten Thousand Things rise and fall without cease."
- Lao Tze, approx. 500 BC
IMO there is no doubt that we will get a hard correction in the near future. Note "correction", I believe that as BTC catches on in more of the world the price will continue to has its typical volatility up and down.
I agree with BOTH points I have read above:
1) BTC may have another of its steep declines (60% or more very possible), and it could be very soon
2) In the long-run, BTC price marches ever upwards with the hard bumps along the way
If you buy BTC for over $2000, you need to be psychologically prepared to watch it go to $1000 or even less. Of course, that would probably be a good time to buy at $1000...
Think longer-term if you but BTC at these levels.
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The Asian markets are opening up again, so the money will come in quicker now. I think the positive news about possible scaling is also driving this... just imagine what will happen when Bitcoin has no scaling issues. I know of a few companies that are waiting for Bitcoin to sort out their scaling issues, before they are willing to get on board. { They like the fact that Bitcoin has such a huge decentralized network and strong security, compared to other Alt coins, so they are willing to wait. }  Yeah, I agree with you Kprawn. Asia buying big seems to be true, bigly! The new all time highs are high enough to get lots of attention, so more people will become interested. And, yes 1000%, that if the scaling problem compromise does happen, companies will enter the BTC system, then we see more majestic rises. The more companies and merchants who join the Bitcoin Ecosystem, the stronger it gets, the higher the BTC price goes. Of course everyone should be aware of the fact that a huge BTC price swing down is likely any day now. An opportunity if so. |
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I just spent some BTC today on platinum. What fee did I pay? Very close to $1.00 per address. I had a lot of small balances in my 10 output wallets.
I think yesterday or the day before the typical fees were higher. While browsing a block, I saw a couple of small trx (225 - 400 bytes) with $20.00 fees, and in some cases those were low $-value trx.
It's a new world, at least for now. I am now HODLing the rest of my BTC, I note (frown) that BTC is up some $60 since I spent it earlier...
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