Now, each bank is working with USD so even they won't create a new currency, they already have it.
Why would they need Bitcoin? They are only interested in BTC tech and period. Bitcoin is hard to be used by the common people and this thing cannot be changed. Also,the BTC users are too few for banks (around of 1,5 mil. users who are holding BTC funds)
Time will change that. Ordinary people can store their bitcoin in smart phone and use it when more shops accept bitcoin. The people can do that by using the existing currencies like USD, Euro and other local ones. Why do they need BTC? I can pay already with my phone. The debit cards are accepted almost anywhere. Why would someone need BTC to pay something? I said for 100 times. BTC transactions take more than 15 min while the purchasing via credit card is instant If the price of bitcoin is stable, it can be used as a store of value, unlike USD or other fiat, devalue all the time. Do you know any commodity or currency which is stable?  Neither gold,platinum, oil are not stable.Nothing is stable. BTC is full of volatility and this is how it will remain until the end of it. Speculative trading is the main use + dark market. How can it ever be stable? Stable mean not more than a few percentage a day volatility. Otherwise the goods will be priced in fiat, not bitcoin, even though you can pay with bitcoin, the vendor will change bitcoin into fiat instantly, they will not keep bitcoin. That is bad for the value of bitcon. |
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Hello Ethereum! I'm opening up a crypto only accepting t-shirt store and wanted to see if anyone wanted to come up with some Ethereum designs for shirts and I'll go ahead and make them  I'm just around , hit me up here or PM with the design you would like to see on a t-shirt! Thanks! Good effort. Wish you every success. |
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If it ever gets that high ever again I'll cashout everything and be a multi millionaire.
You and me both! If it ever happens, there are several small islands I have my eye on.... Wow, buying an island?? You must be have many Bitcoins in your wallet, right? He means bitcoin will be worth more than an island. |
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Now, each bank is working with USD so even they won't create a new currency, they already have it.
Why would they need Bitcoin? They are only interested in BTC tech and period. Bitcoin is hard to be used by the common people and this thing cannot be changed. Also,the BTC users are too few for banks (around of 1,5 mil. users who are holding BTC funds)
Time will change that. Ordinary people can store their bitcoin in smart phone and use it when more shops accept bitcoin. The people can do that by using the existing currencies like USD, Euro and other local ones. Why do they need BTC? I can pay already with my phone. The debit cards are accepted almost anywhere. Why would someone need BTC to pay something? I said for 100 times. BTC transactions take more than 15 min while the purchasing via credit card is instant If the price of bitcoin is stable, it can be used as a store of value, unlike USD or other fiat, devalue all the time. |
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i wish i could buy a car with bitcoin but first i need to earn alot of btc before wishing that
you can buy one used car with $1k, which are only 4 btc with 2k already a better one, would be 8 btc they are easy to earn with signature or real job, if you want to buy I don't think it would be easy for him to earn like with his current signature and also his current rank , if he will consider joining to another campaign (like bit x for example) then he will probably earn more depending on how active he is and how constructive he post  still not easy he could buy a bicycle while waiting for the money, i'm sure you cna afford one cheap enough, in a month or two Do you mean bitcoin price will rise that much in a few months? |
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Wondering why price dropped so much.
There are too many cheap Eth around. The 50 million ICO price is around $0.3 each. And there are around 12 million Eth allocated to developers. It will take 9-12 months to absorb those and newly mined coins. It is not profitable to mine for most miners now. Yeah, devs premined 16% and are actually dumping it. You would think the devs want to hold onto it but nope. They sell it off. It's a really bad sign if the devs don't even want to keep the coins. There should be a lock in period for the developers coin. 12 million Eth is quite a lot of money even for $0.5/Eth. |
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Now, each bank is working with USD so even they won't create a new currency, they already have it.
Why would they need Bitcoin? They are only interested in BTC tech and period. Bitcoin is hard to be used by the common people and this thing cannot be changed. Also,the BTC users are too few for banks (around of 1,5 mil. users who are holding BTC funds)
Time will change that. Ordinary people can store their bitcoin in smart phone and use it when more shops accept bitcoin. |
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is there a particular reason for today's price drop?
BTC price raises, altcoins price drop Strange... DGB and GEO are both up today. I think ETH is dropping because it was over priced. It's not much better than your average altcoin. You will probably see many altcoins integrating a Turing complete programming language on their block chains before ETH ever has a "killer app" Also AUGUR has over 1 million ETH to dump for $ I think they have 1.8 milion eth to dump that is the main problem. If they dump it slowly, over a month, that will be absorbed by the market. The market volume is 0.5 million per day recently. |
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I wish I could buy from fast foods like Burger King, KFC, McDonalds and Wendy's with Bitcoins. That way I would be spending earnings from my mining equipment into real food and never have to worry about paying with real cash again. Imagine, the miners doing all the work for you (somehow) and the balance goes deposited directly into your Bitcoin debit card. Just my opinion  You need certain centralized organizations to process the instant transfer if you want to use it in shops. |
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i wish i could buy a car with bitcoin but first i need to earn alot of btc before wishing that
In a few years, you can use ONE bitcoin to buy a new car. |
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I've stopped making bold predictions now after being wrong a couple of times. So I don't know if we will dip below 200 again, I hope not. I think I can confidently say that these are still cheap coins though & the price will go a lot higher than it currently is at some point in the next year or two.
Compared to future price, it is cheap now. |
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This is a dream that it is impossible in this world. The banks will never allow what you say here. The people follows the banks and not an utopia. The banks want their own currency(they want control) not Bitcoin. The banks may only use some of the tech of BTC and nothing more. The banks already have the debit cards and also the mobile payments which will be a BOOM soon. They don't need any BTC with its +15 min processing transaction and with +80% black market. You have to understand that BTC is a niche market and this is how it will remain. BTC regulated = Paypal or any other similar payment processor. Why would the people using it? Yes, it's ok for speculation for now but don't have dreams regarding to Bitcoin. When MTGox went down, the price drooped with 50% in 48 hours; same with Silk Road....BTC has around of 3 mil users and much less are owning funds in BTC. BTC has a BIG buzz in media and the results are modest. What are we talking about? Will all the banks unite and use a single currency? |
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I have too much of it to hold You are lucky. You can do good things with those even if you use some of those now. Seeing that are to much, giving some of those to various members of this forum (those who made posts that like you) it will not hurt you to much. Think about this. 1 bitcoin could be too much for somebody. |
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I think sentence for life is too much, but it's still better then get caught by other countries & sentenced to death  Even so, he can't enjoy bitcoin that he have for rest of his life Also, i think U.S caught him because they thought they could take away all his bitcoin. There are many darknet markets, but why government won't stop them? Because they're not rich like Ross Ulbricht So it is better not to be too rich. |
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Just everything.. There is only 1 Bitcoin ATM in my country. Not that much chance of spending bitcoin there
It is better to spend bitcoin to buy goods. |
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Why would a newbie use Bitcoin instead Paypal? There are is no advantage in using Bitcoin anymore. You have to provide a lot of documents in order to fund and to cash out Bitcoin...same as with Paypal.
When bitcoin is "regulated", we can be paid salary with bitcoin and use it as we wish legally. |
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There is no hype of Doge recently. There is no innovation of this coin.
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Agree with you, it's over who want to buy bitcoin in cheap price and now you will never seen price under $220. But now price still in the lowest level and i think we still can get profit if buy it now  The price could drop below $220 briefly. |
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The cost of PoW mining of Eth gives its value.
Interesting. Has the hashrate declined since launch? The price decline is mainly because of the large amount of ICO and extra issued coin since the launch. The electricity cost of 1 Eth is around $0.6 if the electricity price is around $0.2 when the network hash rate is around 400GH/s. Can you explain how the electricity price goes down when the hase rate increase? Sorry for the confusion. It should be: The electricity cost of 1 Eth is around $0.6 if the electricity price is around $0.2 and when the network hash rate is around 400GH/s. When the network hash rate increases, for the same amount of electricity cost (power), you get less Eth. So the break even price of your mined coin is going up. The electricity price per kWh is fixed. |
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I hold and also use bitcoin.
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