I wouldn't be surprised if Bitcoin touches $100K. But We can't tell when it will reach $100K. This can be happened in next year or after 5 years. We have to wait and see how bitcoin reaches another milestone. For now, I am expecting Bitcoin to hit $20K as soon as possible. Bitcoin is stable at the moment but I cant wait for another bull run and hit at least 20K within this year.
Bitcoin is miles away from 100K. 5 years is a long time and its not impossible. I will be also waiting like others.
I think that in 5 years, Bitcoin will definitely cost $ 100,000. Because you also need to take into account inflation of the dollar itself. This is 5-7% for 1 year. Very optimistic prediction and pretty much exact too. I.wonder how you manage that, probably with cristal ball. It's impossibe to predict Bitcoin price development even in very short period of time and 5 years period in term of Bitcoin is very, very long time. And I don't see how Bitcoin price and dollar inflation are connected. |
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Unfortunately, at the moment there is no such possibility, Bitcoin is not directly accepted.
Still you can play online lottery with credit or debit cards so if you have Bitcoin debit card that would be one of the ways to spend Bitcoin on lottery.
Gambling industry which is lottery too is.under pretry strong surveillance and regulations because of money laundering so this is probably one of the reasons why Bitcoin can't be used for that.
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In 2017, I tried cloud mining with its big promises of profit, but I didn’t get anything, the company "hashflare" did I requested not only a large commission for the withdrawal of my $ 4, but also my identity card, which I refused to provide in view of the meager amount.
You are not the only one with such experience. In general I wouldn't suggest cloud mining, it's a big chance you will lose your money and sometimes your personal data because this is usualy a scam. In fact I don't know any legitimate cloud mining service. So, if you don't have the opportunity to earn Bitcoin is still better to buy it than to invest in cloud mining. |
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I don't know why would anyone do that. Reddit isn't as near so good as this forum is. In fact, I think that bitcointalk is the best currently available place for Bitcoin community to share knowledge, information and experiences. Also it's very well moderated, administrated and maintained which is allso very important. So, I don't see any reason at all why would anyone choose reddit over bitcointalk.
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If there is no suspicion of illegal activities or money laundering no one should be interested in revealing this person's identity, especially when it comes to authorities Although I guess many are very curious.
Still Bitcoin is not anonimous today as it used to be and I think with some efforts that transaction and person could be traced.
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We believe that Bitcoin only has that recovery rate, we already saw that potentiality before that is why people are still giving their strong support even the price goes down dipper. But we can't deny also some newbies aren't that strong to hold in times of crisis knowing that they still in doubts of Bitcoin's capability and also with the market. With those instances, it contributed declining in price.
We were once like those newbies too before until we saw what bitcoin could do with our own clear eyes and that experience has still not left our picture which is why you see many investor now keep putting money into bitcoin, because they know the regret that they had then when they had chance to buy bitcoin and din buy it. Most crashing that you see is probably newbies just dumping those coins out of fear because existing investors has seen too much, they have heard too much to be decided easily by these people that like to carry negative news because of their own personal interests. Though we still have old investors that are not also string emotionally and those are the ones that use to panic sell anytime there is a bad news about cryptocurrency. Exactly, we were all once newbies and didn't know how to cope with Bitcoin. Fear and panic are never good for market and newbies often react exactly like that. And there will always be newbies in the market. Still I don't think that their fear and panic could just crash the market but this is usuually.domino effect that pulls some more experienced investors too. So it's always a combination of multiple factors. |
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I also wish that that there are only limited exchanges like 20-25. Everyday or every week, I always see a new exchange getting advertised or announced in bitcointalk. Imagine if we only have few exchanges with quality service then we can always have healthy growth on altcoins. But because there are thousands of them out there, the volume are scattered that make the btc and altcoin price to moon.
We are flooded with exchanges, that is true. And the worst thing is that many of them don't run legitimate business and don't protect their users in adequate way. I still hope that with time some kind of selection will be done and that only the trustworthy exchanges with quality services will survive. Hope that this trend of new emerging exchanges will stop soon. |
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What Maduro needs is hard cash (in the form of United States Dollars or Euro). If he had Bitcoin or any other cryptocurrency instead of gold, I am not sure whether his fortunes would have brightened any further. The sanctions prohibit other countries from purchasing any assets from Zimbabwe and that includes gold and digital assets including Bitcoin.
I'm not sure that Bitcoin could help to Maduro or anyone else. They still need to stick to fiat money and gold. In general, Bitcoin is still too risky because of high volatility and governments can't rely on them. Could you imagine economic or financial system that would depend on Bitcoin? I don't think so. |
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this is ancient history bro. it happened ~10 days ago and there was a lot of speculation about it. it seems like independent is way too late with their getting news. lol Such a large amount of bitcoin has the potential to crash the cryptocurrency market if it is cashed in for fiat currency.
since this is old, now we know that it could not. Exactly, so such theory is now proven to be wrong. Maybe some will get now that whales don't have such major influence on the market afterall. And if Bitcoins were obtained legally then there is no reason to hunt that person trying to identify it. |
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Maybe Facebook team are yet to fully understand bitcoin and hence they are dealing with altcoins for now, later on they can get on with bitcoin. Without bitcoin no other coin really make sense, except one wants to introduce scam to the public.
Mark Zuckerberg has billions of dollars and he has hired a team of the best professionals to help FB with Bitcoin is somebody does not understand it (although I doubt it too much). For sure, as money makes money, Facebook leaders have the only one aim - to make more on cryptocurrencies. I have almost no doubt that they will succeed here, and we will see the Libra project very soon. Facebook is.losing money big time so they want to.try cryptocurrencies too. They look at it as another niche and chancr for their profit. Unlike you I'm not so sure they will be successful, especially not with Libra. Something doesn't seem to be right there. But again the time will tell. |
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When smartphones appeared our privacy disappeared, that is a well known fact.
Unfortunately many people are still very reckless and kepp all sort of data and applications on their phones unprotected. Sometimes they even download all sort of apps from unknown sources and thus endanger their private and financial data.
Cryptocurrencies are very attractive for people with bad intentions and almost everyone of us also has mobile wallet. Make sure to protect it the best you can.
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It sounds too risky to loan a lot of money for cryptocurrency assets. I understand that you're too optimistic to the future of crypto but that's too risky. The volitality of the market in crypto is overwhelming thus your loan could be devalued in just minutes if you're unfortunate. On the other hand, if you really know that you're sure about the future of crypto, there's nothing wrong to give a shot.
Couldn't agree more. I know many people who ended in bad financial problems because of crypto related loans. My advice would be to think twice. Also, accepting crypto as a payment method for business is huge risk. Before you do anything make thorough analysis and calculate all the risks in their worse options to be sure you can handle them. |
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it is very recommended to keep using AV
no it isn't it's recommended to use good software that's not so broken that it even needs extra software for security That is true but every software comes vulnerable from time to time. New threats are designed every day and you can't be fully protected but still antivirus can help. And we all know how little people still know and care about cybersecurity. |
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Bitcoin will not replace gold. It's an asset of value for centuries and there will always be people who would like to invest in gold and have gold in their portfolio. To be honest, there is nothing to lose with gold. Also, it has the place in world economy.
To my opinion investors in gold and investors in Bitcoin are quite different types and that differences will not disappear.
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When recession approaches every product value goes down, retailers are bound to sell their holding at a low price so I do not think BTC investment can save anyone from recession. Fiat currency may be savior in recession times. Bitcoin is very volatile in nature so its a bit difficult to predict its behaviour. It may react opposite to anyone expectations and start growing but if we talk about risk then Bitcoin may not be the right investment option in recession period.
I can agree that Bitcoin isn't solution for recesion. In certain way it can help if you change your coins into fiat at the right moment. Although fiat money isn't directly linked to cryptocurrencies is hard to predict how the price will behave in the time of recesion. That is why it would be wise to split funds between fiat and crypto savings. |
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No, I don’t think so. The cryptocurrency value might be unpredictable, great traders make money whether the market is bullish or bearish. If you are fully invested in trading crypto, you will cope with the ups and downs of the industry keeping in mind that adoption of this technology is spreading like a wild fire! There are greater times ahead.
You've mentioned one key point, great traders or I would say skilled and experienced traders. So, that means that daily trading is very demanding and risky and it's not for everyone, especially not beginers. I agree that every time is good time to join the Bitcoin market but everyone should carefuly choose trading method that suits the skills and possibilities. |
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Sometimes the conditions in the market is such that is hard to determine. I would say that at the moment we are in similar phase when we had mixture of both. But if you ask me this year we haven't seen true bullish phase of Bitcoin and probably it will not happen until the end of the year.
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That is truly an informative post users who have been with plans of becoming a blockchain developer will know the opportunities that are available globally. This will also give some positive energy to work hard to be one among the blockchain developers working for the top companies. Even with the job search portals we can see lot of requirements for blockchain development.
That is true but everyone who is interested needs to know that this trend will not last so long so they have to be fast. In fact the need to hire will exist but at one moment the market will be flooded with such developers and the price and conditions will fall. The fastest always profit the best, they will get experiences and references for the future so new appearing ones will not have such good chance. But I guess those in the business are aware of that. |
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Finally someone concluded that Bitcoin and PayPal can't be compared. To my opinion you can't compare something that is not the same kind and PayPal is just payment service and Bitcoin is cryptocurrency. So to compare them makes no sense but for some reason people do that.
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I don't know why governments would do that. Many bitcoiners have not just right and clear picture about Bitcoin and governments. They are aware of changes, a new technological society and it's not in their best interest to avoid the progress that cryptocurrencies represent. Majority of governments don't want to declare Bitcoin and other cryptocurrencies illegal, they are trying to find the best solution for regulation.
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