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741
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Economy / Speculation / Re: bitcoin continuous rising?
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on: July 16, 2016, 04:14:07 PM
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I think the bitcoin price will continue to rise, if there is good support from business, consumers and merchants.
If the demand is high,bitcoin will rise. Thats one thing how bitcoin price increase in an instant. My feelings is that the bitcoin is increasing, but there are no real statistics of that. In reallity we just need new investors to come in and join bitcoin. That alone will create an immense buy pressure. the price and directly the traders, are waiting for something that might spark a new rally. i am quite sure that we'll get to see an increase to $700 before the end of next month. also, getting fresh money into the bitcoin ecosystem frequently is a crucial part of future growth. the volatility attracts traders, and that makes sure new money is coming in year on year. |
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742
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Bitcoin / Bitcoin Discussion / Re: If no one spends bitcoin what might happen?
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on: July 16, 2016, 03:29:14 PM
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right now already there is a very small percentage of people who are actually spending their coins. and the price keeps going up. that's regarding people spending their coins in online stores. when it comes to gambling, bitcoin gets a much better and wide spread adoption as far as spending coins goes. i think at least 50% of all current transactions are gambling related. one way or the other, coins do get spent.
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743
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Other / Archival / Re: Do you use bitcoin as currency or investment?
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on: July 16, 2016, 02:40:04 PM
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Mostly as investment, it is nice to have something not following stock market, and maybe can be hidden from some agency, if you know what I mean ....
I would have to say the same. I use most of my bitcoins as an investment, although I feel a little bad since bitcoin is some sort of a way for me to avoid taxes for now. I use around 20% of my coins as currency though, since I also want to buy stuff with my bitcoins. maybe you can avoid the tax entirely if you receive a salary from your company with bitcoin, i'm sure the government will not be able to give taxes to something that does not have legality and rules so you are free of it, I also transferred my investments to bitcoin. yeah sure to avoid taxes,, here where i live your holdings in bitcoin are not considered to be any different compared to your fiat holdings. which means that you can't escape from paying tax. |
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744
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Economy / Speculation / Re: How long will bitcoin survive?
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on: July 16, 2016, 12:52:33 PM
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Will bitcoin still be there in 2020 or will some other technology better than bitcoin take over?
i have no doubts about bitcoin being still here in the year 2020. by that time the next block halving will happen where block rewards will drop to 6.25btc per block. |
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745
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Economy / Speculation / Re: Can bitcoin rise up to 800$ this year ?
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on: July 16, 2016, 12:24:24 PM
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we are almost reaching it but price went down again and start to fluctuate from time to time but like other's said its better now with the current price so we better be happy but much happier for me OP if the price reach 800$
It's showing positive movements this past few hours, spiking and falling within minutes. This could be a sign of an impending bull run again, let's hope it's gonna set new highs. I see the current price rise slowly to $671 I hope this weekend could reach $700, so it is very easy at the end of the year to reach $800. we are coming closer to $700 as bitfinex just touched $679.9 some minutes ago. if you give it till the end of the year, then i am quite sure that we'll touch the $800 price level this year. it might be that price on halving a or be stable after halving don't expect to be something else I believe that the price of bitcoin will still hit at 800 value this year and i think even we are still didnt seen any sign that the price will hit at even 700 value i think after this month we will see any changes about the price.. Bitcoin will reach $ 800 may occur at the end of the year or maybe early next year. Because according to my bitcoin prices fluctuate so that the price increase takes quite long. So as to achieve these levels takes time. but I believe bitcoin will reach that number. In this year a lot can happen with the price as there are more than 5 months to go. My prediction for this year is $800-$850 before the end of this year. Not sure if it will end up settling above $800, but at least we'll get to touch it. that's also what i have in mind this year. maybe with enough speculation going through the market to create a bull run, there is a slight possibility of seeing the price hit the $1000 price level again. for me it's enough when the price manages to stay above $700 for the rest of the year. |
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746
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Economy / Speculation / Re: PANIC BUYING !!!!!!!
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on: July 15, 2016, 01:11:26 PM
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I have also panic bought in my life but that was because I was way to greedy to buy coins and you should be patient with Bitcoin.
The price was a bit high but I had the money so I bought but after that the price dropped so I could have had more Bitcoin.
panic buying only end up in you being disappointed in yourself, so avoid that the next time. may i ask at what price and when you have panic bought your coins? either way, holding is the best option as the price will surely go up again eventually. |
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747
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Economy / Trading Discussion / Re: Which trading method is better?
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on: July 15, 2016, 12:28:03 PM
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well, if you are willing to take huge risks with high potential rewards, then altcoin "trading" will give you the better returns. but i personally consider "investing" btc into altcoins to be the same as gambling. that's why i left altcoins in 2014 and focus solely on trading bitcoin against the us dollar. you'll need more patience with bitcoin, but i don't mind it as i know i invest in something with a great future potential.
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748
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Economy / Speculation / Re: Bitcoins price is rising again
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on: July 15, 2016, 12:10:52 PM
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No one know it, there are good signals (regulamentations news, large business adopters ecc...) that let us hope maybe it can increase but as already show in the past there are no certainties (especially with bitcoin)
thats true, no one knows if the price will actually keep on growing right now or it will be dumped to really low numbers, thats why bitcoin is so interesting for me no one can predict what is going to happen in my opinion we will soon see a decent price growth though thats just my guess and anything might happen, but i think the halving will give bitcoin a huge potential to grow I heard the SegWit or the 2MB block size will be released in the next Core software, it could raise the price. whenever this block size increase is implemented, the price will surely show a good bump in the price. i however think it will be a short lastig bump that will get dumped down again in quite a short time. |
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749
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Economy / Speculation / Re: Bitcoin to 2000 $ possible ?
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on: July 15, 2016, 11:59:09 AM
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we need to be optimistic about the price will it be this year maybe by end of year if we follow same path like i 2013 then biggest peak will be in january 2017
lets see if this will be like that
there is nothing that indicates such a massive bull run where the price reaches such high price levels within a year. maybe by the time the next block halving is coming very close in 2020, that the price will be in the $2000 range. i think we cannot see such a price rise now because the price is stable for long and it can probably reach it before 2020. I don't think so.. 4 years is too long. It could rise to $2k even this winter/next spring. Soon, BTC will make history, again!  4 years too long? how so? the price has to go up in a manner that the growth we realize throughout the years is sustainable. steady growth spreaded over a longer period of time is always better than short lasting peaks that will vanish again. and no, it will not go up to $2000 this or next year. patience is required here. |
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750
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Bitcoin / Bitcoin Discussion / Re: Regret and depression
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on: July 15, 2016, 11:43:56 AM
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i know this thread is more than a year old, but having regrets about not being early enough to buy bitcoin at ridiculously low prices back then is quite pointless. focus on the here and now and start buying now and hold your coins safely offline for at least a few years. otherwise you may also regret not having bought at todays prices. this is a good general advice to everyone.
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751
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Other / Archival / Re: Do you use bitcoin as currency or investment?
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on: July 15, 2016, 09:53:36 AM
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I am happy with the poll striking first with both as used. I thought many of us just let it rot in our wallets but I guess I am wrong. Using it as a currency will affect some movement in the future. Yep, I too, I voted for both, as an investment and a currency..Atleast most of us know now how we should use our bitcoin and not just keep it...Maybe new comers are still considering this as an investment and never care about using it as it is. The primary purpose of user should be to use it as a currency then only it will make bitcoin as a stronger currency in future, but majority of users are treating it as an investment. people using bitcoin for investment/trading purposes is a very important aspect of the market. it's not less or more than people using bitcoin as a currency tool. and beside that, people are free to choose whichever functionality of bitcoin they prefer to use. i personally use it as a currency tool, investment tool, and store of wealth tool. and i'm sure that a lot other people are doing exactly the same. |
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752
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Economy / Speculation / Re: $705 in 11th july?
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on: July 15, 2016, 09:22:08 AM
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I've sold half of my coins. I'm ready for any thing, if it goes up or goes down, I can deal with the situation.
Well, we need a bitcoin rise more than $ 70 now, but I am not sure it will happen in two days. bitcoin price probably will be $ 700 in this month, but I am not sure it will happen on the 11th of July to come. I am pretty sure it will happen at the end of the month of July, well but we better hope that it will happen. The present bitcoin price is $660 this upsurge in Bitcoin price seems good and hope it will reach $700 within two days and within this month the price can reach $800. That prediction was pretty good. I think the bitcoin price is quite stable at the moment, good for adoption. by the time the average joe spot the stability in the price, the market will be back in its volatile form again. the market has never been relatively stable for a long period of time. i think it will last a few weeks more at best. |
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753
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Economy / Speculation / Re: Bitcoin to 2000 $ possible ?
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on: July 15, 2016, 09:04:15 AM
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we need to be optimistic about the price will it be this year maybe by end of year if we follow same path like i 2013 then biggest peak will be in january 2017
lets see if this will be like that
there is nothing that indicates such a massive bull run where the price reaches such high price levels within a year. maybe by the time the next block halving is coming very close in 2020, that the price will be in the $2000 range. |
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754
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Other / Off-topic / Re: Bank or Bitcoin Wallet?
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on: July 14, 2016, 05:25:35 PM
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As of now still bank because i think that it os more safer rather than bitcoin because the price of bitcoin is not stable and bank provides increase on your current balance
In some reason you are correct but, but BTC wallets are much safer, we know that the price is not stable but the price may go so high that bank can’t provide us that much.... And we can hear a lot about bank being robed but the Bitcoin wallets are safer and is more strong in its security ! yup bitcoin price may go so high but bitcoin price may also go down so deep am i right?. why do people invest bitcoin when it started to go out and why do people cash it out after gaining profit?. Because they are afraid that bitcoin price may go down so fast without even noticing it and may lose their invested amount It's not about which of which is stable and not stable. For me, it's all about the security of my money. I'm still not sure whether which is superior in terms of security as in safekeeping my money from the risks of losing them. However, I have more trust in banks as of now to hold more of my money than with bitcoin wallets. Around maybe 25% of my assets are stored in bitcoin while the rest are in banks. I guess the instability Of bicoin price would affecT its security right?, so i still consider bank safer than bitcoin as we all know it has Proven for decades but i hope someday bitcoin can provide a much safer platform for its wallet no. the volatility in the price has no effect on bitcoin and its security at all. the miners somewhat have an effect on the security if the majority of them stops mining. but all smaller miners and mining farms are used to the volatility. just look at the difficulty. mining farms keep adding hardware to their farms no matter how volatile the price is. and that makes bitcoin even more secure year on year. Sorry i would clarify my answer i am refering to wallet , you are absolutely correct but i would also stand on my answer that btc price would affect the security of your wallet especially if use online wallet storing your coins in an online wallet is definitely not a smart move. beside that, can you explain what you mean with the price that is affecting your wallet? i don't see how the price has any impact on the security of any kind of wallet. |
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755
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Bitcoin / Bitcoin Discussion / Re: Halving is a profitable???
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on: July 14, 2016, 05:18:22 PM
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For people who sold theirs coins when price was around $750 it was profitable but nowdays it's around $660 like it was almost every time before price rising.
I don't think many would have sold their coins when price touched $750 as everyone was hoping that price will cross $800 very soon and missed the boat. Many people do dumping at that rate that's why we are here in the current state and didn't established a resistance at above $700. Still price today is way more better than sitting at below $500 for long period of time. There is no need to worry about the short term price. As long as there good development of the bitcoin, the price will rise. do not worry, bitcoin prices would soon rise because of the effect of halving. I am pretty sure that it will make a lot of people profit. Well, maybe you'll feel the effect before the end of the year, although it was quite a long time, I think it deserves to be in the waiting i don't think the latest block halving will have any impact anymore as it is history now. the price will go up, but it has nothing to do with the halving. the good thing is that with 50% lower block rewards the selling pressure on the market has decreased significantly. we just need to have patience as i am quite sure that we'll see another rally this year. |
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756
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Other / Off-topic / Re: How would you help with bitcoin?
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on: July 14, 2016, 04:03:52 PM
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I think that bitcoin is needed now is a campaign to promote bitcoin to the wider community that will be a nice effect for bitcoin itself
you can do it without capital
i think when the price reaches the $1000 price level again, that the media attention will draw a lot new people to bitcoin. that's probably the best advertising bitcoin can have as it will be a world wide news item. |
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757
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Economy / Economics / Re: Is it better to save money or invest it?
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on: July 14, 2016, 02:45:27 PM
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save your money because invest is to risk
There is always risk when you invest your money you cant take that away, but there is also possibility that your money will grow if you invest it. i guess if you dont try someting you wont gain anything. the main reason of why more people nowadays are investing is because of the fact that interest rates on savings accounts are not worth to keep the majority of your money stuck there. if you are not willing to take a risk by investing your money, then you are wasting precious time. especially because of the fact that interest rates are lower than the amount of tax you have to pay over your wealth. |
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758
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Bitcoin / Bitcoin Discussion / Re: Bitcoin is too slow
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on: July 14, 2016, 01:24:22 PM
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Transactions are too slow. Will someone fix it or do we need a better coin?
Transactions are not slow. It is the number of confirmations that somehow slow down your transactions. Confirmation differ from one site to another some have one, others have two, three, four, five , six, seven, and eight. But make sure to include a miners fee to you every transaction so that it will be more faster. Without the fee you are waiting longer than you will expect. transaction without confirmation mean the funds actually still owned by the sender,when it got rejected the funds will get back to the sender address so we can't actually call it a transaction or finished transaction It never happened with me that a transaction was rejected and sends came back to me even if i have not paid the recommended fee. Yes my transaction sometimes stayed unconfirmed for 7-8 hours maximum..but never rejected yes most of the time the conformation is not rejecting. but some time it create problems. some times it need so much time to conform the transaction. and you will wait for that. that is the only problem other wise the transaction never rejected. if you don't add an appropriate fee, then the waiting can become annoying as pools simply ignore your transaction. that's why you always need to add at least 0.0001btc in fees. if your transaction size is relatively high, then you will need to up your fee even more. |
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759
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Other / Off-topic / Re: Bank or Bitcoin Wallet?
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on: July 14, 2016, 11:44:30 AM
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As of now still bank because i think that it os more safer rather than bitcoin because the price of bitcoin is not stable and bank provides increase on your current balance
In some reason you are correct but, but BTC wallets are much safer, we know that the price is not stable but the price may go so high that bank can’t provide us that much.... And we can hear a lot about bank being robed but the Bitcoin wallets are safer and is more strong in its security ! yup bitcoin price may go so high but bitcoin price may also go down so deep am i right?. why do people invest bitcoin when it started to go out and why do people cash it out after gaining profit?. Because they are afraid that bitcoin price may go down so fast without even noticing it and may lose their invested amount It's not about which of which is stable and not stable. For me, it's all about the security of my money. I'm still not sure whether which is superior in terms of security as in safekeeping my money from the risks of losing them. However, I have more trust in banks as of now to hold more of my money than with bitcoin wallets. Around maybe 25% of my assets are stored in bitcoin while the rest are in banks. I guess the instability Of bicoin price would affecT its security right?, so i still consider bank safer than bitcoin as we all know it has Proven for decades but i hope someday bitcoin can provide a much safer platform for its wallet no. the volatility in the price has no effect on bitcoin and its security at all. the miners somewhat have an effect on the security if the majority of them stops mining. but all smaller miners and mining farms are used to the volatility. just look at the difficulty. mining farms keep adding hardware to their farms no matter how volatile the price is. and that makes bitcoin even more secure year on year. |
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760
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Economy / Speculation / Re: When to hit $10,000?
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on: July 14, 2016, 11:27:39 AM
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imposible is price up run $10000, ten thousound dollar price every one bitcoin,
is crazy , is only fee send miniumum 10k satoshi equal 1dollar, is crazy price crazy fee send and transfer
5 years, people thought it was not prossible for the bitcoin to be $100. Now, the price is much more than that. I remember in the early days, a lot of people said that 1 dollar per Bitcoin was simply insane, than it would never happen, then we hit more than 1000. So what's clear is, people always fail when trying to predict the bitcoin price, they are always not aiming higher enough because they see it as impossible. it was true. we can hope that bitcoin prices rose very high in a short time, even up to the $ 10,000 price. but I guess it will not happen in the near future. may be true if it happens in a way that gradually, and may take more than five years for it. but let's hope that prices will reach $ 10,000 bitcoin in a faster time again, even if we find it impossible It will take at least 10 more years to reach to that milestone, its not easy to touch that price, and I don't think people have that level of patience to hold their coins till it reaches to that price. I think it will take a long time for the bitcoin to increases to 10k. I also think at the moment the bitcoin is unstable, So I think it is going to happen in about five or ten years as you said. Yes really was quite a long time so that bitcoin could reach $ 10,000. Bitcoin often fluctuate from time to time so it is very difficult to guess the price of bitcoin. To reach the $ 10,000 figure may take decades for it to reach the figure of a very long and are still far from the figures now. If we want to have a chance of seeing a price anywhere near the $10,000 level, then we need a constant flow of incoming fresh money. And to add, we also need high level traders with millions to throw at Bitcoin in order to see the price go up significantly. I think if enough Chinese people are willing to use Bitcoin as store of wealth and a tool to set their own government offside, we have a decent chance. And yes, this will take many many years. Yeah and even we find new users and investors who are willing to invest their money into it, it will be very difficult to hit the price of $10k as it is too high price to expect. so many people are already waiting to sell at $1000 prices, then just imagine what would happen if the price goes through the $5000-$10,000 levels. it will be a massive flood of sell orders that we have never seen before. |
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