My trade don't rely only on reading of bitcoinwisdom and listening what people say. You must also consider many factors that can happen. When you look at http://fiatleak.com/ now an if you compare this to few weeks before you can as me discover, we lost China. Can the rest of the world substitute such volume we had before? If that had really happened, I talk about losing China which is not yet the case, the price would fall more than 50%, and possibly yes, the rest of the world could substitute such volume, but who guarantees that the same thing that happened there does not happen elsewhere, in general a much greater fall would be expected if that was the case, especially while some things are reorganized. |
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$25000 is far fetched unless we have a collapse in our economies, inflation, maybe a major drop in gold value and maybe we support from major central banks around the world backing bitcoins and its technology that's the only way we can get to that much.
Let's hope that does not happen because prices would be high, I speak of consumer products, food, clothing, etc..., but with the economic system that we currently have, inflation has been growing for years, without stopping, maybe if it is true if we compare it with a balloon, if the inflation point is exceeded at some point it must explode with serious consequences, perhaps it already happened before but now we have the disadvantage that we have much less natural resources than before and that is serious. On the other hand if the price of BTC were so high could be because of its use and not necessarily the product of an economic collapse. |
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I am hearing this project could raise 30,000 bitcoin in China alone. If the west gets involved this is going to rival Ethereum.
I doubt that figure, that was what was siad before the Antshares ICO but ended up raising 6000+BTC though Qtum team is more solid than Antshares. I look forward to the minimum and maximum cap in BTC terms the team is looking to raise Independent of what it achieves, project looks very promising, but in a given case if it raise until 15,000 BTC would be enough to fit the top 15 which would be a good starting point, in case it was not achieved at the beginning it would not take long to climb positions, for example Qtum is more interesting that Waves, and the latter is TOP 11 just now. |
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We don't even know that satoshi is real or not, so actually we all just guessing wildly, for me i think it will be more make sense to think satoshi as a team, because the bitcoin that being created is quite complex, so it is kind of impossible can be done with single person
One thing for sure, that satoshi once exist here in this forum. So that definitely tell you satoshi is real. Either he is a single person or a group is yet to uncover. There are lots claiming but only one thing to prove it, just sign that address which is believed to be satoshi's and all will be cleared. What you mention guys both is true, but we must not forget that before of the creation or the design of BTC there were perhaps some theories of economic models dating back several years ago much earlier than the creation of BTC, so either one person or several based part of their ideas in those works, so that many areas of study are intertwined, such as mathematical, economic, cryptography, programming, to give solution to a model previously proposed, of course, whoever has been, whether one or more persons, I do not think it was possible without what I mentioned before, what is certain is that it is a disruptive idea and its scope is not yet fully understood, surely it will be several years before its impact is well known. |
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I always miss the right time to buy bitcoin. If i buy right now, what if tomorrow the price becomes lower as no one knows what is the low price to buy bitcoins
It occurs to me that maybe what you need is to do a rethinking of things, for example if you buy right now, and if price becomes lower tomorrow as you mentioned, nothing should happen if you do not sell immediately to recover your investment, instead you have the option of waiting for the price to recover and from there rethinking a new strategy especially considering the market conditions, an example, in the worst of the cases the people who they bought over a thousand at the end of 2013 until today they have the opportunity to recover their investment if they did not sell before, and I repeat that in the worst case, really nobody can advise you anything you should observe the things yourself and draw your own conclusions, so whether you hit or miss, responsibility is entirely up to you. |
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Super bad, because many people don't have work that's why they make many crimes just to live. Like robbery everywhere that's why you cannot walk in the middle of the night because you are not safe maybe someone will put gun on your head so they can get all you things. I hope these kind of situation our government will take action for it.
You know what, we cannot really control every individual. Yes, it is sad to see that everyday there is always a crime like what you have mention. That is why we have to be very careful in our own actions, the government are doing their best to lessen and to punish the guilty but let us do our part to change the world. in fact crime ratio is increasing day by day and that is because that in most of the countries there is not justice people are not getting their right the unemployment ratio is increasing day by day and the rich people are becoming richer and richer day by day and that is the reason that people try to find other ways of making money either legal or illegal. yes the growing population is also one of the reason of the increasing ratio of crimes. i think bitcoin is helping to overcome the crises by giving opportunities to people t invest even their little amount of money and make good profit from it. but still the most of the people do not have any knowledge about bitcoin. i think unemployment and social injustice is the main reason of crime. although the growing population is also one of the main cause of unemployment the government policy is also too much important for giving jobs to their people. Possibly but not always so, If you consider, for example, war crimes, passions, fights, and a number of situations that lead to those unfortunate or unpleasant situations, the two things that you mention are also part of these triggers, the truth is that the causes can be very varied and have been seen throughout the history of civilization, but ultimately I think that most individuals respond to various situations based on what they were taught from children or stages of youth, other thing, as it is expected that these acts of violence will be reduced, if the filmmakers transmit those dramatic scenes in the current film as a form of entertainment instead it should be the other way around, another important role is the influence of leaders, if they transmit messages of peace are more likely to have a positive influence than in the opposite case. |
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Anyone in the bitcoin ATM business??
I don't see any Bitcoin ATM in my country. But I want to know if I can have my own Bitcoin ATM business? I though the ATM machine is for bank business only. If it is okay to have my own Bitcoin ATM machine, why not? It is a good business to start in my country. And Lastly how it works? I also think that it would be good business to instal bitcoin ATM. I know there is one-two companies who already start this business, but I think nothing is lost yet and it really could be progressive to start it now and to be the one among pioneers in this area. Well, really I do not know if it's just me or someone else has associated the idea of the ATMs with banks, I see that the guy above has the same opinion at least, if that's the case there would not be much reason to get excited, but if they are companies outside these, are more likely to give better and cheaper services, on the other hand, I think that in the future its would not be so necessary if BTC becomes used in establishments in the future, although I also think that the atms will still be used for a long time, because at the present time those are very useful as they save time especially, maybe change something in the design since the majority are square and huge and some still use keys instead of being tactile, but I think that is not as important as the service that these provide, although these will never compare with a good deal of a human cashier. |
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Since BTC or other digital currencies require people to be in communities or become tech savvy to figure out, entirety remains with its reliance on exchanging to and from fist. The need to be in every country may be unattractive if so few countries become dependent.
Don't ignore using it, but paper is universal and tied to infrastructure across the globe. People use USD, AUD, GBP + Euro as reserve currencies in 76+ countries so making exclusive amendments locally will likely turn to changes in what's stockpiled.
People will always use paper as a secure solution for expensive savings + leisure trade.
Once upon a time, there was nothing like paper money, it was merely introduced to the society in much the same way, Bitcoin is being introduced now. So just give it time, people can always tell apart what is convenient, secured, little or no cost, a real store of value. By the way, those papers are just piece of papers backed by nothing. yes but the paper money has a very strong position in current time and it is not possible in next 50 years of time to replace fiat by any other currency, therefore i think still it will take a lot of time for bitcoin to replace fiat and people start using bitcoin even in their local shops. you are right. it occurred because paper money is a form of transaction tool that really practical. paper money is perfect in the mix with digital money, and I think it is the perfect form of cash after the coin. maybe paper money will continue to be used in a very long time. Yes, it's too practical, personally I think it is much better than plastic cards given by banks, except for a few occasions, but like everything you should not forget the phrase that in taste genres are broken or something like that, there will undoubtedly be many people who prefer plastic cards to carry out their operations, I think that among the more ways to have liquidity is much better because so each one chooses if means of payment, depending on where you are and the situation in which you are, for example if you walk in the street, and shopping for example an ice cream and then a soda is much better the cash, In addition, with cash you do not have the feeling that you are being charged here and there for various concepts like having cash in another ATM not from your bank or affiliates. |
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Litecoin has the same disadvantages as Bitcoin, so i don't think that it will be very popular. Also, Litecoin haven't some his own pros (like Ethereum with his smartcontracts and sidechains). And it's very bad for coin of future.
Actually smart contracts can be built on top of LTC just like it can be built on top of BTC. Feel free to read about rootstock if your interested. The advantage is that the base chain is not built on a turing complete platform and therefore a lot less can go wrong. Here's one of the educational videos from the litecoin association on how sidechains work. https://www.youtube.com/watch?v=g9_MakNlHDALTC is heading towards segwit adoption, the lightning network, safer smart contracts and sidechains. It will take time that's for sure; but, that's better than rushing into disaster after disaster like Ethereum seems to encounter. It is good to see some progress in this, although it is more than evident that there are more alternatives and this is reflected in the popularity of this, however I suppose others alcoins suffer from the same kind of effect, so while some people think that LTC is dead, others consider it a good option to move, IMO while it have volume in the market and news like the one above it will remain stable, although the value may seem low, the miners have barely exceeded half of supply, perhaps that has been another factor that has influenced the fall in price, the miners selling to cover their operating expenses, maybe it would be interesting that someone else would post on here data as the number of nodes,network difficult, number of transactions etc. |
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If you look at the history of bitcoin, you know that bitcoin at the end of 2013 - perhaps in early 2014 - has been equivalent to gold. But in addition, bitcoin also has the property of gold: divisibility, like gold, like a scarcity. Bitcoin is also easy to transfer. If I want to give you a piece of gold, then it will be very difficult. But if I want to send you the same value of the level of storage bitcoin, I can quickly complete. So I think this is the value of the new era of storage.
With the increasing demand for bitcoin, the value of this digital currency will exceed gold
That makes sense, also while one is a raw material which can be used in various manufacturing processes, the other is a representation of a value that can be to some extent very secure and very easy to transfer, However it should not be forgotten that there are some other metals for example that although they are not so popular have high commercial value, besides I guess the question in the title is related to which is better as a form of investment, and I suppose the answer favors the second if you compare the growth it had lately, but it does not mean that one disarticulates the other since their uses have been and will continue to be very different, in addition the conditions of one and the other considering the time that has elapsed are very different. |
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A solution to the inflation under zero / lost coins in the distant future is just to add some rule in the consensus where, if coins are not moved every 20 or 200 years (full nodes consensus is implied, maybe it should be configurable by the node operators) miners can just take a part of them (maybe starting with the smaller balances).
Maybe, if the mean fee is x, everything lower than x/2 can be taken after 20 years it stops moving.
It would be like:
if there are $ 0.02 left there for a century, can we take them?
Nodes: Yes. not a problem.
If there are $ 200 left there for one year can we take them?
Nodes: No!!!
Good idea. But the simpler solution is to keep producing new coins at a moderate rate. I think some altcoins do this already. Well, I do not think so, that kind of "cleaning or recycling" would not be well seen by most of users, that is too arbitrary, besides it's too early to worry about that and nobody guarantees that it survives so many years, at that time the nodes would have to be renewed several times at least, and the blockchain could be immensely big, whether they choose hardfork, softfork or total replacement. |
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if bitcoin will have a bank it will be centralized for sure thats against the creation of bitcoin thats why bitcoin is surviving until now because of that. Fore sure if bitcoin will have a bank there are people who want to come in so that they can manipulate or spy to those transaction online and may feed to people who are against bitcoin.
I am sure that a large group of the people here (mainly the newer/less caring people) don't find it a problem to make use of a centralized service that happens to call itself a Bitcoin bank. If the service in question happens to offer people interest over their coins, some level of security in form of insured balances and so on, then it gives them enough confidence to jump on board. At the end of the day it's their own choice since we all have the freedom to choose. Probably, but a service of this magnitude would not be convenient maybe, because most of them end up selling a whole class of services like insurance policies, credits, mortgages, etc., what I do not argue at all is what you mention: at the end of the day it's their own choice since we all have the freedom to choose, I could almost imagine, as it would be if the banks went into that system, I do not think it does much sense, since the idea behind these institutions is to store the physical money or values in large vaults, although it is true, little by little these have been evolving, the way they handle checks, debit& credit cards, Cash management has been significantly reduced, resulting in that these may already employ fewer people, with all of the above rather than agree or disagree, I think it would be a matter of practicality and only time will could tell the rest How's that exactly? That might have been true some 100 years ago, but this is not any more so. Most money today are purely digital, and banks can be loosely thought of as "mining" nodes in the fiat payment network. They also "confirm" transactions, thereby keeping the financial system of a country alive and ticking. They create new money too just like miners create bitcoins, but unlike Bitcoin they are not restricted by a precise algo (there are other restrictions, just in case). As you can see, it is nowhere near the idea of "storing physical money or values in large vaults" Well I think there is a discrepancy in our point of view, we are going to put an example, where are all the dollars stored? of course in the safes or vaults, If not where else? of course there will be small, medium, large depending on the type of service they provide, on the other hand, besides IMHO that should not be the main function of "confirm" transactions only so that several services can do this more quickly, another thing you mention that banks thereby keeping the financial system of a country alive and ticking, this last one is very far from maintaining a financial system of a living country since it depends on many factors such as the production of goods and services and its trade balance, international reserves, etc., and finally they are very far from creating money for themselves as they only charge for their services which are too high, I do not know maybe you meant only the central banks in that case it could be something you mention. |
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It is just a few dollars over 1000 dollars, so I don't think we say goodbye to 3 figure price, actually there are something I am worrying, I worry about Chinese central bank bans bitcoin in one day, or shut down the exchanges, but I don't think it is possible. They can't prevent the freedom currency-bitcoin.
I think your concerns are somewhat unfounded, and let me tell you why, as you know the banks do not control BTC, however, since cash transactions are controlled by them when making cash conversions to BTC or viceversa and if for some situation they decide to ban would provoke some panic sales causing a drop in prices which would then be offset by purchase orders from other countries, on the other hand if exchanges stop working which seems unlikely would give rise to descentralized exchanges, if at some point many places begin to accept BTC as a means of payment conversion to cash would no longer be necessary probably. So more than the banks or exchanges, the opinion of most people in the world is of greater weight ,and, where appropriate, governments. |
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I will choose Bitcoin for the reason that I can buy it freely. How to buy gold online, I do not know.
To buy small gold bullion in the bank, I need to collect a significant amount of money.
Ofcourse option of bitcoin is much easy to choose for investment but still in the present time many numbers of sites are offering to buy gold online but here after that these type of services still bitcoin is best as an investment because ease of use bitcoin in the online market as an currency/money but selling of gold at online is about impossible , So gold option is good but not much good according to our recruitments . Secondly bitcoin is profitable much than gold , because of fluctuations in the price of bitcoin is more than in gold . The gold is an evergreen product, the price is low to compare bitcoin, but if you check the value of gold in world market, it is high to compare bitcoin. You can invest gold in any business without asking any questions people will accept. But Bitcoin we can not invest in all business. It's not global currency but booming currency in the digital world. I like bitcoin because of present price, and I like gold forever. I still don't get it what makes you invest in gold. It is currently at a all time low from the past 10 years. I know many people who bought it as an investment 6 years ago and the price became half now. I think bitcoin is the next gold for sure. And bitcoin is accepted most of the places. And you can even get 10% in cash after you sell your bitcoins so what's the problem in that i don't get it. You probably do not understand why people invest in gold at this point and I suppose you think the price will keep falling, so if someone who buy now will lose if he sells in the short term, well, You are considering only the past 10 years, if you moved a little behind maybe you would see that even today's price is high in relation to time that you mention, that is on one hand, In the other hand the answer could be in your explanation: I know many people who bought it as an investment 6 years ago and the price became half now, Did you see? The price became half now, It means that it could be a good time for someone buy at this point, much better than somebody did it 6 years ago, assuming that your sources of information are correct, the fact is that it has been said many times that the gold is a refuge value by nature and always retains its value, in that sense some prefer for the yellow metal. |
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if bitcoin will have a bank it will be centralized for sure thats against the creation of bitcoin thats why bitcoin is surviving until now because of that. Fore sure if bitcoin will have a bank there are people who want to come in so that they can manipulate or spy to those transaction online and may feed to people who are against bitcoin.
I am sure that a large group of the people here (mainly the newer/less caring people) don't find it a problem to make use of a centralized service that happens to call itself a Bitcoin bank. If the service in question happens to offer people interest over their coins, some level of security in form of insured balances and so on, then it gives them enough confidence to jump on board. At the end of the day it's their own choice since we all have the freedom to choose. Probably, but a service of this magnitude would not be convenient maybe, because most of them end up selling a whole class of services like insurance policies, credits, mortgages, etc., what I do not argue at all is what you mention: at the end of the day it's their own choice since we all have the freedom to choose, I could almost imagine, as it would be if the banks went into that system, I do not think it does much sense, since the idea behind these institutions is to store the physical money or values in large vaults, although it is true, little by little these have been evolving, the way they handle checks, debit& credit cards, Cash management has been significantly reduced, resulting in that these may already employ fewer people, with all of the above rather than agree or disagree, I think it would be a matter of practicality and only time will could tell the rest. |
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We will reach again the four digits of bitcoin's price soon, the value had already started to increase again.
Mission accomplished and the price is +$1020 in most exchanges The only thing to worry about is that it will keep rising or at least don't fall under the four digits... When you read through certain threads or trading chats, there are a some people who believe we will go do down again, for a few months, before starting another run up. And there are others who say we will see a price of 2000-3000 USD only in this year. So again it seems everything is possible. The market has indeed proven to be more than unpredictable during the years. However, if you're bullish yourself, and have long term intentions with your coins, then you'll be doing great. It's just that the short term fluctuations are hard to figure out for everyone here. If you just discard all the peaks and dumps that we have seen in recent years, then we have been going up really well as the line is constantly going up. Don't you worry. Bitcoin will find its way back down to 900. Very soon. Please curb your enthusiasm.
That explains a lot of things, but it can still be under $900 , maybe $800 or a little less, but above mentioned is what point out the trajectory, many years had to pass for such long-term behavior could be better observed, what is not known is the duration of that increasing effect or what will be the result, if for example that effect will last for years, maybe decades, who knows, before of that the effect takes the opposite direction in the event that it does, it may still be necessary for another equal proportion of time to elapse at least to watch if that has happened since it was released somebody can see if the effect continues, the truth is that every time it reaches a peak people open a discussion thread due largely to the astonishment. |
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I think this is going to prove the most popular ICO of 2017. Looking forward to 1st March.  Can you give me more ico details? I have visited their Official site(Qtum.org) many times, But there is nothing about ICO.Their Forum is Chinese language,i cant able to read the forum :(Hope there will be a news about ICO . Nothing official has been released regarding the ICO/Crowdfund yet. It is still about a month away so I think information on it will be out pretty soon. It has been mentioned that it will be hosted on the Chinese exchanges and also directly through their website Qtum.org. We will release the exact specifications around the middle of February in our Business Whitepaper, which will be accompanied by our Technical Whitepaper. The development updates found on our website were submitted by Jordan Earlz, so this gives an insight into what they're working toward on the technical side. On a side note, let's please not start rumors about Vitalik. He reviewed our project, he knows Patrick, and he's affiliated with Bo Shen through Fenbushi Capital, but he's not in any way directly involved with Qtum.Yeah guys, it's great that you're supporting the Qtum project but don't be name dropping Vitalik. It can easily backfire and is not good for Qtum. Devs are doing a great job and let's just let them keep doing what they are doing. Looking forward to March 1st! You know people when they get too excited, some peoples begin to make premeditated conclusions or tend to exaggerate in something, that's why they're saying that name over and over again, the good thing is that Qtum already did the clarification about V... He's not in any way directly involved with Qtum and only He reviewed Qtum project, that means that all development credit is of Qtum team. |
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If one day I will not sell my bitcoins, why I am investing my money in bitcoin now? I mean it is pointless to have something if you will not use it one day in the future. For example, I have 1 bitcoin now but I don't use it. What is the meaning of to have it? Just wasting time, energy and also money.
Yes you have the point that's why the title itself is misleading. And if doing 'never' sell is just a crazy thing to invest for. Of course that's why we are investing in bitcoins because we know that it is going to give us good profit upon selling them when it reaches higher price. And that's the main reason why we must sell our bitcoins but in the right time, not never. I agree 100%. We all earn bitcoins for our self to buy stuffs and help our family so just what you said what is the point of saving if your not going to spend it. I invest and earn bitcoins for my future and that means that I am going to spend it in the future in the right time and even now If I need it. So I am totally agree with you mate. Earn bitcoins to spend it. indeed , but you know the more people holding bitcoin the higher bitcoin price will be. currently bitcoin price keep improving , so holding bitcoin for very long long time are worth , and that is why op speculating about how you should never sell not in the true meaning to really never convert/sell it. What you mention is a key factor as to why price continues growing, people may now buy and are no longer eager to sell as before to get quick profit, because they realized that they had to buy back at a more expensive price that would detract from their profits, so the less need to sell of peoples together with the reduction of the reward of the blocks, has made that available Btc in the markets is much smaller than before and this has resulted in the price has grown so significantly with the passage of the time, so indeed the title makes sense about take into consideration the above, although this does not mean that it will always be like this, in the same way if someone is cautious the title could be taken in consideration, but that is everyone's responsibility. |
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We will reach again the four digits of bitcoin's price soon, the value had already started to increase again. For sure, we will now break the all time high value of BTC this year. Chinese new year has no effect on the up and down movement of prices because they are not the only one using it, its all over the world.
In part you're right this is used in various parts of the world and not only china, but the largest volume comes precisely from China, but in that sense they are no longer the same conditions as before, if they decide to sell their large volumes, the people of another country will begin to buy back to grow the price again, however the risk will always exist in any way, I think it is somewhat surprising that the price is above the thousand considering that just the year begins, during the coming months of the year, may be able to stay in levels of $800-$1100, maintaining a conservative position. |
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skyhigh, the reason I'm saying the issue is minor is that while there has been 50%+ inflation, we've had a 1000%+ inflation of new Bitcoin adopters. There is no reason to be so skeptical as to assume we won't have growth during the next 6 months for example. With the adoption growth we've had, the price is rightfully much higher than it was in the past. How high it's "supposed to be" no one knows, it's obvious it isn't $1 or $30 but something in between.
The price should be around $13-$14 right now to sustain the level of growth we've had so far but clearly we're in a slump with low adoption rates and a ton of bad news. So, basically the main factor to take into account regarding inflation is the adoption rate and the other factor is how much miners believe in Bitcoin or how much they can afford to save.
In the current situation I'd say the price is not going to go below $9, perhaps not even below $10. More bad news is required for another slump like that. The demand for cheap coins at the $9-$11 range is quite decent and many think that price is lowish for selling.
Where it will go from here depends on many things, as I already said in my last post. It might stay here for a while but I don't think so. With all the bad news people will show strong support for good news if they come and if good news come, there will at least be a small rally. With lots of good news we will see a very strong rally. But that's all speculation, we might see quiet stagnation and more occasional bad news and the price will not go up, might even go down.
It's also true that for the functionality of Bitcoin it doesn't matter what the price is, but I personally care about Bitcoin in many different ways, as a miner, as an investor, as a supporter and in the future probably as a merchant as well. For some of my interests the price does matter.
I don't know what I should tell you. So I will just say, yes you are right and I am wrong. I guess you know better then me, price should be around $13-14. Ignorance is a bliss. I'm from the FUTURE.....
Well it is clear that the present when referring to it at that precise moment can be considered the future as in this case when you speak of a fact that belongs to the past, certainly few people knew about of that, as its use has become a little more generalized the price has grown in the same proportion, Besides what has to be a fact is who sold at that price, He/She must have come back later, maybe that's indicating something or maybe not, the thing is that sometimes the story seems to repeat itself , it's now funny see the boy lamenting for not having bought to $8 when it was on $9-11 range or the other guy advising to him about why not keep some USD on mtgox balance, just in case?, that shows why everyone should make their own decisions. |
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