In my opinion it's very unlikely that BitcoinCash(BCH) will kick out Bitcoin(BTC) out of the first spot. Theoretically possible, but very unlikely. Even so, if BitcoinCash(BCH) were to beat Bitcoin(BTC), I'm sure it wouldn't happen after the Segwit2x fork. It would take lots of lots of years of convincing people to use BitcoinCash(BCH).
I agree. Past all of the forks AND all of the other altcoins available, Bitcoin has the largest market cap and has been the coin that is the most supported across those who use crypto and also those who don't. Currently, tech companies are bringing bitcoin into their systems for payment processing, and this will only continue to make Bitcoin's worth much more than the different altcoins that are available right now. |
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Wrong, Satoshi might not even have access to those coins and even if he had, then those coins will be worth a lot less. If he
started to sell any of those coins, then the price of bitcoins will plummet and the total amount will be worth a lot less. You cannot be one of the richest people in the world and not be able to spend a cent of that wealth.
Think about it. ^smile^
Right. If those coins move at all, people will know that Bitcoin is not as stable as it is. Satoshi's holdings are cruicial to stay in place because if they don't, all hell will break loose. It's tough to place Satoshi on that list because we don't even know if he's a single person/dead or alive/ anything about him. |
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The mega rich didn’t get rich by selling assets, they got rich by accruing them. Sure you can trade from one asset to another (diversify), and getting large capital gains is part of the game, but, the rich don’t get rich by selling the things that make them rich. When the rich spend money on lifestyle (cars, mansions, etc) the money they use is from yield, not capital gains, capital gains is almost always reinvested or simply never realised.
My strategy is this - never sell any bitcoins for 2 reasons:
1) I will miss out on any further potential capital gains
2) I will have to pay a lot of tax on those capital gains
Instead I will realise my wealth, via yield on my bitcoins. How do you get yield on a bitcoin you might be wondering? Simple, loaning them out, which, can already be done on bitfinex and other platforms. This sounds risky, and I think it is at the moment, so, I won't be doing that. However, when bitcoin goes mainstream the entire financial system will be using it one way or another and I reckon lending your bitcoin out at that point will be just as safe as having your fiat in a savings account (which isn’t 100% safe but pretty decent still).
Capital gains tax is the big killer, and I think that alone justifies waiting for proper regulated and insured lending markets. What does everyone else think? sell down your assets to spend, or, wait for proper lending markets and generate a never ending income stream? Hell, Do you even think there will ever be regulated safe lending markets?
I think there are definitely some caveats to this. When you really need the money for real life, are you just going to keep your bitcoin and not sell at all even if you're at your last straw? I personally think that your looking at Bitcoin too much as an investment and not enough as a currency. Bitcoin is both of them; it's a fairly new idea and that's why it's been taking off. |
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just found an old email chain... Right after I'd heard about bitcoin...
So, you know how everyone always says "well silver costs $5 to dig out of the ground"?
Well, there are these new computerized coins called Bitcoins or BTC, that are made by solving equations or someting, and each one is progressively more complicated than the previous one. So the "price" of "mining" a "bitcoin" is always increasing, and they don't get cheaper unless computing power goes way up. Right now it takes maybe 3 days to make one with a normal computer, and they are going for about $10.
I personally think they're worthless, but if people believe in them, each is more difficult than the last to "get out of the ground" and so maybe they're going to get more and more valuable.
http://bitcoincharts.com/markets/
And one week later...
Since we chatted they went from ten to thirty.
http://forum.bitcoin.org/?topic=92.0 (link that works today : https://bitcointalk.org/index.php?topic=92.0 )
This dude couldn't sell 10k of them for $50USD a year ago. We literally could have retired had we invested $500 in these a year ago.
Normally when I put money toward an investment, vehicle, whatever, I put in $2k. At the time of that first email, if I'd bit the bullet, that would have been 200BTC (at the time, I had about 10k in physical gold and silver and had studied marginal cost, the gold market, the FED, etc., and had considered putting a chunk into bitcoin, but it seemed so expensive compared to a year earlier). Today, bitcoins are "expensive", but if the marginal cost keeps going up, shouldn't they keep getting more expensive... by design ? I really like the communication posts. It's always super cool to see people's reactions before bitcoin booms and then after them. I'm not 100% sure on what you mean by the question. Are you saying that, regardless of the bitcoin fluctuations due to buyers/sellers, bitcoin will go up by design because there is a limited amount of btc? In that case, I'd say that it depends heavily on the support that it's getting from everyone who is using it. If there is no support and no demand for bitcoin, there is no reason for it to have its price going up. |
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It's completely unbelievable that nobody speaks about the fork...
- It's almost tomorrow ! The segwit 2X fork is currently planned to happen on November 16th
- We have very few information about what will happen with this fork ?
The current and most probable scenario is :
=> The 2X blockchain will stay an alternative chain
=> The original chain will remains the main chain
=> Massive decrease of main chain hashrate due to the NYAgreement.
The massive decrease of hashrate will have a huge impact on the network. Even if it will be "repaired" after difficulty reduction, it cannot be unseen.
My questions :
- Will this uncertainty about future will be stronger than the hope of getting free money with the fork ? (if yes, price drop)
- Will whales will use this situation to FUD a lot and manipulate the price ? (for me, the answer is "yes of course").
Similar to BTG if you ask me. We had very little information with a few weeks left going into the fork. However, over time we started to learn more about it and how terrible it was. It seems like a lot of people will try to hop on the train right now in order to get that "free money" they're all waiting on. Honestly, I don't think they understand that it causes a drop in the bitcoin price as well, but I guess we'll have to see what really happens. After enough forks, I'm sure people will understand the drill. |
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who said we need to verify our identity ? some of them did not require it,but most of them did it. just do the basic or the market that does not require your identification, there 2 way to encash your money : 1.Selling it on the market 2.Selling it off the market, have you try to encash your money from peer to peer platform like localbitcoin.com ? in there you just need to find someone to buy or sell it and make an agreement with him/her. afterward their system will provide you an escrow and do the transaction. you do not need to send your data to the buyer or seller, or try to encash it in this forum on Currency Exchange board : Currency Exchange Board : https://bitcointalk.org/index.php?board=53.0Yup, OP can't end up using any online exchanges like coinbase and whatnot because they require some form of Identification. Regardless, I wouldn't even recommend coinbase anyway; it's just too much fees for any form of online exchange and just takes away what's good about bitcoin. OP could use Localbitcoins or purse to buy things, but the best bet is to find a decent currency exchanger here on the forum to exchange with anonymously. |
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Lots of these kind of threads around now but it definitely looks possible. Hopefully the fork mid month doesn’t cause any damage.
I was thinking about this too. We saw a pretty interesting drop right after the BTG stuff going down. It seems like the next bitcoin fork could be a part of the reason why the price could be going up right now. People might be hearing about a second fork and may also be trying to hop on ASAP in order to get as much cash as they can. The amazon support is definitely playing a part too. I'm just a bit skeptical about how long this gain can stay for. |
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Looking at trends 2 or more years, Bitcoin appears to be headed for $70,000 over the next 3 years though it appears heavily bullish right now. Are there people with charts/trends etc taking us to the $70,000 level over the next 3 years?  70,000 is definitely possible in the long run. It's hard to say what we'll see in the short run, though. It seems like as of now, the support is exponentially increasing due to the interest of the cryptocurrency by numerous tech services and companies. For example, amazon is trying to bring bitcoin into its system and I'm positive that amazon's support of the coin is what has helped bring bitcoin up to 7000. If there is some way to keep the support up to the levels that it has reached recently, it would not be hard to reach 70,000. However, this suppport will die out eventually; there is a max number of people who can support btc. |
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 Amazon is the largest e-commerce marketplace globally, and within a span of few years, it has quadrupled its market cap to $532 billion. It processes an unprecedented amount of orders and hence, the integration of payment technology or digital currency would require a prudent testing process and cautious implementation.
At this point, the demand for bitcoin is evidently increasing at an exponential rate, as the price of bitcoin recently surpassed the $7,000 mark for the first time in history. But, the scalability issues of bitcoin cannot be dismissed, since the size of the bitcoin mempool has increased back up to 50 million and the block size has remained above 1.04 MB in the past few days.
Currently, some of the most widely utilized bitcoin wallet platforms such as Blockchain and Coinbase are recommending transaction fees above $1. With SegWit-enabled wallets, the fees would likely be below $0.7, since as hardware wallet manufacturer Ledger stated, SegWit provides at least 35 percent reduction in transaction fees.
But, Amazon cannot expect general consumers or beginner bitcoin users to use SegWit-enabled wallet and enjoy lower fees, and in the short-term, the company may receive complaints in regards to high fees.Read more here...
The recent buzz on the possibility that soon Amazon can be adopting Bitcoin as one of their medium of exchange or transactions is sending excitement all over. This can be a holy grail we are all waiting for. However, there are those who seriously look into the matter and concluded that there are still some big hurdles that have to be ironed out before Amazon would really start working for this dreamed adoption. I am sure that all of us here are already familiar with that one big hindrance and we are also complaining about this since time immemorial. We keep on hoping that soon this thing can be given the right solution as paying a high transfer rate is actually not what Bitcoin is made for. Maybe Amazon is really just waiting for the right time to come and take Bitcoin but for now they must have concluded to temporary shelve the whole idea for reasons we already know. They actually ended up purchasing a couple of crytpo domains too. It seems like amazon is very interested in adopting bitcoin as a payment system. I think that it is definitely possible that they will; it allows Amazon to gain some investment into bitcoin and it will raise the bitcoin price because of the ability to use it as a true currency on many different websites. Amazon is almost 100% looking into getting bitcoin as a payment asap. |
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Since the beginning of the year 2017 Bitcoin Break all rules and continuous increase but last months bitcoin rise more than 1,000$ like 100$ So Do you think bitcoin will Keep beak all economics rules and rises more than 1000$ or It has reached saturation limit  ? An insane rise that I expect that not a lot of people saw coming. I definitely thought that there would be some resistance at the 6500 area, but it seems like there really wasn't much holding back. If this trend continues, we could see a rise in price up to 8000 by the end of the year easily. It seems like there has also been a lot of support spreading across the internet, so we'll see if that keeps the momentum up. |
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In the traditional investment systems there are areas like stock exchange, real estates, commodity market, forex market. Then there are hedge funds, mutual funds, equity, debentures. Next in line are precious metals like Gold, silver, diamond. Years after year and decades after decades when mainstream economics was convincing people that how one of above is better than other as it is giving returns in the range of 8% to 9% at max 10-13% a new revolution named bitcoin is rising and spreading across the world. Bitcoin has defied all conventional knowledge about return on interest. Surviving each negative publicity and doubts, incidents like mt. gox and still growing better than ever.
What do you think why bitcoin is the best investment than stocks, real-estate, gold or any other conventional investment?
People believe that it is better than those other investments because Bitcoins volatility allows it to skyrocket in short amounts of time. However, during these past few months, people really haven't been introduced to the bad side of bitcoin (when it drops like crazy). Essentially people want to make money quickly. |
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It will reach a cent before you know it, currently $1 is around 16-19k sats, so i dont really think it will be long now, as in a year maybe couple (or, you know, maybe never... )
So in this case, what will happen to the altcoins that are being traded with satoshis in exchanges? Will their price in satoshis decrease gradually or will they just keep growing with bitcoin?
Obviously, many coins and tokens shall grow as they deserve a healthy market cap worth hundreds of millions billions in the future, but what about the shitcoins that are bound to satoshi? If a coin stays at 1sat now, 20 years later they are still 1 sat and potentially worth $1 (if a sat ever is $1)?
Bitcoin reaching 100 million per coin is way too far off. At that point it's pretty much not comprehensible. I understand that people didn't believe bitcoin would ever reach 6000 and it did, but reaching something like 100 million is very out of reach. There is a limit to how far we can go, and I think the furthest we can reach up into the near future is around 10-25 k. |
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Based on my own understanding about the definition of bubble is that everything has an end, everything will be vanish. Everything that we had will not stay forever. Like what we have now, at some point everything will be lost. Like bitcoin we all know that bitcoin will not be permanent time comes that it will last but as long as bitcoin help as we should treasure everything coz we know in our life that bitcoin change many things, it help us to have an extra income for better life. It helps those person who have nothing. It give chances to others to have a better future.
I think the general notion of a bubble is something that can burst, but it's very possible that it can come back to reality. With the dot com crash in 1999, there was a bubble in terms of the amounts of companies that were given a lost of money and were told to grow to the size of Microsoft. Out of that, many companies failed, yes, but a few did survive and they are doing well now. Currently, the stock market is doing alright because of the lack of steady additions of companies. |
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I don't think you have a great understanding of how bitcoin works. There is a limited amount of confirms that can be processed and each transaction is appended to the blockchain. Just because it happened that you sent your transaction at a point where there were a lot of transactions going on, does not mean that blockchain is a scam. Don't make fallacious statements on these forums. |
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india is not open to the world
like china
they are a small country
Not sure what you mean by this. India is predicted to grow to a larger population than China in the coming future. Furthermore, China I'd say is a lot more closed of to external forces (especially western ideals and strategies) as they have been in the entire past. India definitely has a lot to do in terms of becoming a much more well developed country, but I don't believe that India is very far off from China. |
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Do u think bitcoin in 2018 will be $ 15K?
Now we are almost in the $6000 and if it did not rise much more than that I blame the drama of segwit2x and china, but we overcome the drama of segwit2x we will have the way open to reach much more than $15000. So do not worry we'll get to $15000. Remember, months ago some analysts predicted that by the end of this year we would reach $6000, I hate to admit that they were right and now many analysts predict that the price will be much more than $15000 next year. There is a possibility of more forks coming our way too. In that case, there would be a lot more than just segwit2x to worry about. Each of those forks will create a bubble that bursts right after the new coin is introduced and it is very unhealthy for Bitcoin itself. I don't think we will hit 15k next year, but at the same time, I would have never predicted bitcoin to reach 6000 by the end of this year either. With that said, people can guess but we will never know what is true until the time comes. |
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I was reading old posts to try to find what people were saying back in the day about BTC reaching $5000 and found interesting post such as this: Not going to happen. I doubt we'll ever see $100 BTCs much less BTCs selling regularly for thousands of USD per BTC. Not in 20 years, not in 100 years. Just think about how much bid depth you'd have to have to absorb even 1000BTCs at $5000 without slipping, say, 10%. At just $100/BTC you'd have to have somebody with a single $100,000 bid at 100$/BTC not get any slippage.
The price might make another go at the previous all time high, but just like the pump and dump that induced that high last time, it won't hold there but momentarily because there simply is not, and probably will never be, the necessary depth to keep the price up. I'm confident we haven't seen the last of single digits, and we'll probably still be seeing single digits years from now. Source: https://bitcointalk.org/index.php?topic=100487.0 (not necessarily post here, admins dont seem to like old threads being brought up again for some reason, but it's good to read this for historical reasons) Also a lot of people were talking about the scaling drama already back then. It's funny here we are hitting $6000 now. A lot of people posting there sold and are now depressed for life. This is the strange thing with human psychology. We are being constantly deceived into thinking that something cannot happen or, on the contrary, that something else is definitely set to happen, while in fact we are just being fooled by our misconceptions, delusions, and what is called "gut feeling". We are wrong most of the time, and accepting this fact is likely the only way to live with Bitcoin if you want to tame it. It is now sitting at 6000$, but tomorrow it may kiss good-bye or hit 60000$. There's a common misconsepction that happens. It's like when watching baseball, people say that a batter is "due to hit" if he hasn't hit his past few pitches. Similarly, people have this odd sense of extrapolation, saying that bitcoin will not be able to go through another burst because it's not "due" and because it has already been through one. This is pretty fallacious, but there definitely is some kind of limit to how much bitcoin can grow, we're just not close to that point yet. |
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Nobody can predict it because until now we're still finding its real value,
bitcoin price was increasing from time to time because of the popularity and their financial freedom.
if bitcoin itself improving their system and discover something new i believe bitcoin price will keep increasing.
we should see the price declining if nothing new discovered.
i believe many people want to implement it in their business but because of the fees and other reason they hesitated to do it.
if bitcoin can solve it i believe it will never burst and always steadily grow up..
at least at the moment i can not see it will.
Is there really one true value of bitcoin? I don't really believe so partially because its price is always shifting (by a lot, that too). People do want to implement blockchain technology into their companies and such, but will that really push the price of bitcoin to keep skyrocketing? I think more importantly we need to look into the support of investors. Once major players decide to pull out and sell their huge amounts, then it's probable that a bubble will burst, but that is a valid statement with almost any investment where there are whales of sorts. |
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25% of your personal assets, for sure
That's an exceedingly silly suggestion indeed. No one should start off at that level, or ever reach that level of investment. I think people are getting a little too comfortable with the seemingly inevitable rise of crypto. Nothing's that easy and at some point it's going to remind us of that in a rather alarming manner. I agree. 25% is a HUGE risk especially for someone who hasn't invested in crypto yet. playing around with about 50$ worth is a great idea, OP. If you start feeling more comfortable with your abilities in investing, then slowly start putting more money into your investments. It could get to a point where you do have 25% of your personal assets in, but if you don't feel comfortable with your investing ability, then there is literally no use having that much money in there. |
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What's the price for the bender one?
Depending on the size, here's the prices: 11x17: $17.95 18x24: $25.95 24x36: $35.95 shipping is flat rate $6 domestic or $20 international how can you accept bit coins you did not send any links on your art print so how it is possible. first you have to send links then try to accept bit coins. i want to see your art gallery so please send me your art gallery performance. i'm so excited to waiting to see to your art prints. so first you send me links. I did put a link, but here it is again: http://www.lynxartcollection.comAwesome site design & welcome to the club who accepts crypto currencies! We're building a classified platform where businesses such as yours can post your ads and have real time crypto coin purchase your products with them. Would be awesome to get you guys on board @ http://ClassiCoins.OnlineWe're in the process of getting 100 listings before Oct 31st, so that we began marketing the platform to end users (your clients) as of Nov 1st. Looking forward to seeing what you've got to post. Also, if you have multiple products and/or services, please post them in all the right categories, would be greatly appreciated... also use pictures to get more engagement. Cheers! Sounds cool, I'll look into it! And thanks for the kind words. I've got a quick question. If you guys keep putting out prints, I'll keep up with the site and keep checking if there's one I like. How is the quality of the frames? If I were to buy a print, I would probably buy a frame with it. However, the last time I bought a print (from a different site that you might know of, if you want to know it pm me), I got a bent frame that was nowhere near the quality of the print that came with it. It was a gift too; I didn't feel great giving a half broken frame as a gift. |
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