So the halvening is close (yay) and the price is probably going to go up then (my speculation). The price of BTC today was $460.48 and now is $458.15 which is a -0.29% drop. Do you guys think it will lower more? I think so.
Today the price decreased a bit too from $455 to $449 a change of 6 USD or $0.78, i think we should not worry much about this decrease because i consider it as normal. Everything 10% and up we should worry about it. it's not even worth talking about. these ups and downs of $10 are indeed very normal. you should start with worrying once the price drops $50 at once. |
|
|
|
The future of bitcoin is dead
and new cryptocurrency with highest technology come again.
You may be right, you may be wrong. Nobody exactly knows what's gonna happen 10, 20, 30 years from now. But BTC is not going to replaced easily, what with the technology behind it and the support it is getting from its users. Mass adoption might take a while, but we can see progress everyday. And that I think is a step in the right direction towards BTC's survival. yeah the community is getting bigger and bigger, more users, more businesses are entering into bitcoin that clearly indicates that future of bitcoin is very bright. the majority of the merchants simply have a third party such as bitpay converting all sales in bitcoin to fiat instantly. merchants won't see anything of the coins unless they want to get a certain percentage to be paid out in bitcoin. that's also possible. but there are barely any merchants willing to hold these coins. |
|
|
|
Investing money always wins over saving money. Investment is like secondary source of income and you can get money easily without putting much efforts.
profit from investments should always be considered a nice bonus on top of your normal salary, unless you're a full time professional trader, then it's different. |
|
|
|
Wanna know if th price matters?
Start investing in bitcoin and you'll know the importance and the real role of bitcoin price.
That's true once you get in trading you will know it and basically even a cent counts. You will always wanted the price of bitcoin will high when you are going to sell it, and you want it low when you want to buy it. That is very true. If you've invested the money you have in the form of bitcoin, I assure you, every day you will always see the development of bitcoin The price of Bitcoin is the most important in Bitcoin because you can do almost everything with it and that is nice and if the price is high you can earn a lot of money with it so that is nice. But the bad thing of Bitcoin is that you cant control it and that is the most risky thing also in Bitcoin. The price of bitcoins is its face, if the price will go down, it always implies a negative indication. We need to help the price of the bitcoin to be more stable and let us hope that it will continue to rise to gain the trust and support of the big players in the industry. we as normal traders don't even make a dent in the price individually. people need to group up in order to form solid buy support. even then it will be very difficult as whales will still be able to dump through the buy support. Yeah! that is partially true, but I think the whales in bitcoin is not really that big that would affect much the price movement when they dump. Bitcoins has a lot of its users with individual accounts and since it has been existing for a long time, it is already owned by a lot of people. It is not like an altcoins where some only own a large portion of the total distribution. Apparently, it can be notice with the way the price reacts and in the market, there is really no abrupt increase or decrease in any event, therefore I can say that there is more likely equal distribution of coins nowadays compared to its early stage. it depends on the exchange as each exchange has its own order book. i consider bitcoin whales to be whales when they have at least 2000-3000btc and at least $1,000,000 in fiat. in some cases whales even team up to get the price where they want. and the thing is that there are not just a few whales. there are hundreds of these whales. together they rule the market. |
|
|
|
the fact that bitcoin is irreversible and to some degree un-traceable makes it unworthy to replace fiat money as bitcoin is still a young currency to replace actual notes and coins
i honestly don't even want bitcoin to replace any kind of fiat currencies. i want it to stay like it is now, an alternative. people now have the option to choose between several currencies which is a great thing. where else do you find this freedom?  |
|
|
|
Wanna know if th price matters?
Start investing in bitcoin and you'll know the importance and the real role of bitcoin price.
That's true once you get in trading you will know it and basically even a cent counts. You will always wanted the price of bitcoin will high when you are going to sell it, and you want it low when you want to buy it. That is very true. If you've invested the money you have in the form of bitcoin, I assure you, every day you will always see the development of bitcoin The price of Bitcoin is the most important in Bitcoin because you can do almost everything with it and that is nice and if the price is high you can earn a lot of money with it so that is nice. But the bad thing of Bitcoin is that you cant control it and that is the most risky thing also in Bitcoin. The price of bitcoins is its face, if the price will go down, it always implies a negative indication. We need to help the price of the bitcoin to be more stable and let us hope that it will continue to rise to gain the trust and support of the big players in the industry. we as normal traders don't even make a dent in the price individually. people need to group up in order to form solid buy support. even then it will be very difficult as whales will still be able to dump through the buy support. |
|
|
|
I prefer selling my coins because there is nothing better then getting your money back that you invested plus the profit that you gain. But in order to sell you have to buy some coins and that is never fun to do.
cashing out profits indeed feels very good, but it's better to not sell your entire stash at once. i once did it in 2014 and i didn't feel good afterwards. i bought back my coins at a higher price level to make me feel good again. i sell 25% of my coins at most to secure profits now and that's it. |
|
|
|
The Bitcoin price is now almost reaching $500 and I predict that it is going to happen with in a month or 2. But the price being $1000 this year is not going to happen. This is possible for 2017 or maybe even 2018 it depends on how the price is going to move.
good to see that some people are still realistic. the block halving has made the majority of the people here go nuts with $1000 predictions for this year. reaching $1000 again will cost a lot time which might indeed take to 2018 before we see it. patience is what we need. |
|
|
|
|
it's something no one can tell you. i just hope we'll see the price gets very close or over the $1000 price level by that time. it would kinda disappoint me if that wouldn't be the case.
|
|
|
|
A year from now, my amateur conservative guess would be that 1 btc will be around $800 or so. This is because of the decreased rate of new bitcoins entering the system as a result of this year's halving.
Exactly, we can expect that price by next year, no doubt halving will take value to a higher level, but we also need to believe in reality and cannot afford to expect too high price. But if we look at the reality and believe on it, then we will accept that bitcoin price will increase to a much high value and will continue to increase if we remained to support bitcoin and adopted it for our normal use. Yes we need to be positive and optimistic with the price of bitcoin and it will surely rise in future giving us the best returns on our investments. That's true, if we believe in it, we need to project a high value of bitcoins in the future. Regardless of the effect as long as we profit from our investment is gonna be fine with we. One thing is certain that the price will probably rise. you don't even have to believe in bitcoin to make great profits. a lot traders don't care much about the technical aspects and the future of bitcoin as they just do their trading to make profit, and that's it. |
|
|
|
Investing in Bitcoins is a smart thing to do and you will not be dissapointed. I am sure that if you invest now in Bitcoin that with in a year you can make your money back.
You cannot say that it will not disappoint you investing in bitcoins because we never hold the future, investing has a risk involved but with this going on within the community, I can see a good future for the price to appreciate. I will invest but I will understand the risk. exactly! that's how it should be. people that keep saying bitcoin will give us a guaranteed return are just living in a dream. yes, if you hold your coins for the long term you are most likely going to get decent profits. but the thing is that you don't know how you will react when the price is getting dumped to the ground. maybe you'll sell in panic and end up losing or maybe the price will not increase at all in the coming years. these are risks we have to keep in mind. |
|
|
|
Saving money is very easy with the lots of methods available in the form of banking and other financing and investment form. Right now one among the best is the saving in the form of bitcoin.
The methods of saving is easy. Keeping dedicated to saving and constantly saving is what is hard to do. Sometimes you want to save money but then there will be unexpected expenses or you will be tempted to buy something on sale. Then your plan to save is ruined. sometimes it's indeed quite difficult to keep saving when you see there is something significanly lower in price, but i keep strong and i'm happy i can keep saving without buying something eventhough i really want it. i know some people that aren't strong enough in their mind and they end up buying stuff they don't really need. it's a waste of money. i have a rule for that. if i don't need it badly, i will not buy it. it's that simple. |
|
|
|
|
the price will get dumped down very hard. that's what will happen after the block halving. people have been hyping up the block halving to a point where it can only make people disappointed with their fantasy predictions.
|
|
|
|
In my opinion if you suppose bitcoin prices continue to increasing and if you consider that you can save every year 3-4 coins then it is enough for you.
I think 3 to 4 btc per year is very less to hold I guess, you need atleast 1 btc per month i.e., 12 btc per annum so that in next 10 years you would be holding 120 btc and that is a good amount to hold. if the bitcoin price stable at $460 like today, i think 0.8btc/month is enough so we need only 9.6btc/year or 192bitcoin for 20years retirement It is not guaranteed that 192 bitcoin is enough for 20 years retirement , because the economy and market goods price are always increasing and there's always a change every year and we can't deny it. I think you should still add more btc. I don't think you quite get what OP said. He said that he will 'keep it for 20 years' not '20 years retirement.' And ofcourse, 192btc for 20 years isn't even anywhere comfortable, imagine having a budget of, assuming the price is stable at $450, $86,400 in 20 years. That's just nearly 1 and a half year of an average joe's salary. Thats no way to live lol. Depends on where that "retirement location" will be. I mean I guess you can retired with average joes salary, but that would mean you dont live in the US, but live in the third world parts of the country that allow $86k to be sufficient elswhere I suppose. here in western europe $86k won't last you very long, depending on your spending habits of course. here you'll need at least €2000 per month. which means if you want to live from your money 10 years then you'll need to have €240k. if you add another 10 years then you'll need €480k. and then again, €2000 per month isn't even that much. |
|
|
|
I think now in this time bitcoins price go up more because now halving is coming and it is more helpful for bitcoins for increasing the price but after halving bitcoin will come in his own price, so be careful and use you sense how to use or save it.
The bitcoin has tested the price around the $430 range for a few times, it is a solid bottom. So the price will rise a lot. Yeah as mentioned the value around $400-$450 might become a solid bottom if the price seems to grow high and continue with gradual rise after the days of halving. If the price stays around $450 for a few more months, this will be a very solid bottom, like $250 last year. the price in 2015 was sailing below $250 for quite some time, so i'm not really sure what makes you think that the $250 price level was a very solid bottom... |
|
|
|
Its been stable for awhile now, but around like $300-350 in the past before the halving hype which bumped up to $450ish.
So it would be intresting to see the hold price for 3-5 months after the halving..
i expect some heavy dumping to happen after the block halving as people will cash out the coins they bought at these prices or below $400 not long ago. it will be very interesting to see where the price will find a stable point. my guess is either just above $400 or just above $500 for the rest of this year. In my case I think we will see some massive dumps at the range of $500 if the price won't stabilize it's support for at least hours like the scenario happen last November where $500 range only touch in a duration of minute. It's just a matter of strong faith especially to those believers that price will spike more after halving. i also think we'll see huge dumps before even touching $500 and i even see whales place massive sell orders at $499-$499.99 to make the price not touch the $500 level. last november the price went up way too quick which is also a significant reason of why the price tanked down after touching $500. this time the growth has become much more sustainable. Is it more sustainable? I don't see significant fundamental change in comparison to the last November. The pace of the growth is slower than last time, that is true, but on the other hand there is nothing new fundamentally to sustain these price levels. previous high of $500 in november last year was pure manipulation that had something to do with the mmm ponzi in china. chinese exchanges back then were ahead of all other exchanges due to the increased demand that ponzi has created in china. that's enough difference for me. the price was bound to collapse heavily, which it did. |
|
|
|
That would be fine with me because I am not using dollar and I am not from the US. I think in the future dollar will really collapse because the majority of people will decide to go full digital and they don't want to be govern by the corrupt government anymore.
it doesn't matter where you are living. the dollar is the main currency of the world, so if it crashes then it will drag the entire world economy with it on its way down. there is no escaping. |
|
|
|
Don't worry. At the moment I think BTC is going to bouce back up. Looking at the different graphs and websites, I can see that the trend line is steadily increasing now. Plus, before in history BTC has fell sharply and rose back again. So remain with faith brother.  I do not want the bitcoin price bounce back too much, or a big pump. If it rises 5% a month, that is excellent. the huge pump and dump times are over. we're not in 2013 and 2014 anymore. it shows that the market is maturing nicely with from time to time great moments to enter or short the market. |
|
|
|
Its been stable for awhile now, but around like $300-350 in the past before the halving hype which bumped up to $450ish.
So it would be intresting to see the hold price for 3-5 months after the halving..
i expect some heavy dumping to happen after the block halving as people will cash out the coins they bought at these prices or below $400 not long ago. it will be very interesting to see where the price will find a stable point. my guess is either just above $400 or just above $500 for the rest of this year. In my case I think we will see some massive dumps at the range of $500 if the price won't stabilize it's support for at least hours like the scenario happen last November where $500 range only touch in a duration of minute. It's just a matter of strong faith especially to those believers that price will spike more after halving. i also think we'll see huge dumps before even touching $500 and i even see whales place massive sell orders at $499-$499.99 to make the price not touch the $500 level. last november the price went up way too quick which is also a significant reason of why the price tanked down after touching $500. this time the growth has become much more sustainable. |
|
|
|
BTC is going to rise for many decades to come. Some short term drops doesn't really matter to me. Look, we've got from 0 to $1300. Why can't we go from $450 to $1 million?  yes you are right we can go from $1 to $1300, but for now it seems to be difficult to repeat, even from 450 to $1m  :D price difficult to rise higher, because the circulation of bitcoin has expanded, so that most people already hold, rather than buy. $1m seems to be impossible and no one has that high patience to hold their coins till it reaches there, we will dump our coins even if we see the price of $1k. Yeah people will sell their coins if they see this higher price, but what recommended is to sell few and hold few for future as price might go even higher in future. it's in fact never a good idea to sell all your coins so i really don't understand why some people are doing it. they always end up buying back their coins and that's mostly at much higher price levels. some people never seem to learn. |
|
|
|
|
Show Posts
