Bitcoin will stay bitcoin. Forks may say that splitting of bitcoin to form another altcoins but it will never affect its popularity. Cryptocoins are racing for the highest place in cryptoworld. But I think there is no need to worry, another coin will eventually test another's trust to new coins. If bitcoin gold will not gain enough investors then it will be probably dead too like the first one bitcoin cash.
I'm for original bitcoin, I don't have anything against bitcoin gold, cash, black and white bitcoin, for me this are new altcoins that offer something like many other altcoins, what is better and more useful is individual. After november we will see the same as we saw after august, bitcoin will stay first and strongest, and with bitcoin gold people will earn some money dump their bitcoin gold tokens and that is it. Only interesting thing about bitcoin gold is that can be mined with GPUs, that can make people interested in this new coin and nothing more. you keep saying bitcoin gold and November but these two have nothing to do with each other. bitcoin gold fork is in about 5 months in this month and then we have another fork called SegWit2x and that is in November. the BTG one is obviously an altcoin and if it gains enough interest you will need a proper mining rig of GPUs to be able to mine it and one normal GPU in your PC is not gonna cut it. |
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a couple of years ago it was another wave of scams where different people created a new altcoin every single day and premined the shit out of it. it took a while but eventually people caught on and stopped looking at any coin that had any kind of premine.
nothing has changed from that day except the way the scammers are making money. ICO has taken the place of premined shitcoin. and something else will soon take the place of ICO
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First they announce a ban and then they regulate it. That's the strategy countries like China had been doing.
Anyways, a regulation is better than a ban because there will at least be movement in the market than no movement at all.
Regulation in crypto currency mining may cause trouble to miners as mining itself takes so much of discomfort and regulation above it will just difficulties to it. The time has come when Crypto market is making sharp turns. Better be careful on each step.
the question that you should have asked when you heard the news was who are "they"? if you think "they" is the government officially announcing bitcoin ban then you have heard some FUD or misunderstood the news. saying Russia banned bitcoin, altcoins, mining,... is like saying USA banned them based on what JP Morgan CEO talked about. |
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... the vaults where Xapo, the company he works for, stores its customers’ bitcoins...
it doesn't matter if they use a simple setup with a simple server with basic security or a vault in the heart of a mountain that even aliens can not penetrate. in the end you (as a user) are still using a third party who is controlling your funds and if you rely on things like XAPO it means you didn't even understand what bitcoin is. bitcoin was created so that we no longer need "bunkers" like this. every single person is his own bank and can secure his "money" with simplest of steps. |
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Is this true?
true?! it is a speculation, so there is no true of false about it. they usually do some analysis and make the "predictions" not that it always works but most of the time it is in a good proximity of what can happen. he is using "200-day moving average for bitcoin prices" by the way. it is not unheard of for bitcoin to rise this much but it is not an easy thing either. although after this year, any price rise like this seems pretty easy. that would be a <5x rise |
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sorry friend ,, i want to ask often i hear the word pump and dump in bitcoin ,, maybe some one would explain to me ,, what is the meaning of both? and what is the relationship with bitcoin? does it have an effect on bitcoin?
The ethereumdark coin (ethd) issue comes to mind. It is a classical dump. The pump and dump scheme is usually adopted by failing devs to ease themselves out and make easy cash by having the public deceived into thinking the momentary price rise of the coin is sustainable. The public rushes in, holders sell off their units and scamper. it is not just failing devs, it is almost used by all the altcoins out there. either by the developers themselves or their supporters and when they are dead coins they become the toys for pump groups. that is one of the many reasons why these altcoins run things like ICO or they go ahead and premine a large amount of their coin. |
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this is kind of an old news, and i heard it elsewhere. this is more like a proposal now. they have not yet accepted it. but this is a very logical and good one at that.
additionally other countries have already done something like that. if i am not mistaken Japan completely removed the taxes on bitcoin payments. which means it doesn't matter what size it is. it can be $600 or it can be $600 million you still won't pay taxes if you use bitcoin.
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Well bitcoin is going up really seriously but i have an possible senario for bitcoin to end first of all mining bitcoin is becoming almost impossible without huge investments so we need better equipment and new technologies right ?
no, it may become unprofitable but it can not last long. if it so miners will leave and difficulty will go down and it becomes easier to mine and profitable again. things will go back to normal. and with the current price which is extremely high compared to what they earn it is super duper ultra profitable. I think it’s very near and they are called Quantum Computers
this has been argued a lot. search those topics and read them. it is not how you think it is. |
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yes it is both easy and trustworthy.
it is a very convenient service for beginners to start with bitcoin. you can easily make a wallet with they which looks like everything else like Paypal or other online wallets. and you can easily deposit money and buy bitcoin and then hold it there to spend later.
but remember that it is not a good bitcoin wallet because you don't control the private keys. if you want, start with them, buy, learn how bitcoin works then get a real wallet, preferably a hardware wallet like Trezor.
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I looked at my web search history and I see that I searched for bitcoin back in 2013, 2016 and 2017. In every instance, I saw negative comments, especially from mainstream media and how useless bitcoin is. Most of the time apparently I went to bitcoin.com and it did not convince me to get bitcoin. I vaguely remember going to a faucet one time back in 2013 but it was full of ads and I did not get the concept back then  news and the media is not the way to find out about bitcoin. and sadly they are all filled with "price" related stuff not what actually matters. and from what i have seen anything else they talk about is somehow price related even if it is indirectly related. to really understand bitcoin you should read more about the "project". read the white paper written by Satoshi Nakamoto for example to understand why bitcoin was even created. what does it mean to use something that is called "decentralized (peer to peer) digital cash). if anyone does that, then all the news above will look pretty silly! This happened until after I was fired from my job and saw the high increase in 2017 July, which is kinda late. I spent like 2 months to figure out how to send fiat money to a good exchange.
These are the bumps on the road to the general adaptation of bitcoin.
Do you have an idea on how we can make Google search bitcoin-friendly?
we have to stop talking about "price" and start talking about other stuff more. such as the shops that are accepting bitcoin, how their revenue has been increasing a lot ever since they did that. example: overstock.com |
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The future of the price of BTC will depend on whether or not Wall Street decides that it is more important than everybody else on the planet. Since its a given that they do, its safe to say they have absolutely no concern for the skyrocketing transaction fees which make BTC a more expensive alternative to PayPal and Western Union.
Normally, this would set a limit on the price of BTC, but since the filthy rich see normal people as gum under their shoes and don't care about their needs or wants at all, I think bitcoin very well has the potential to go to $10,000+, with $20-$200 transaction fees becoming the norm.
That's OK because other more affordable, universally-employable cryptocurrencies are already in existence by the hundreds, and bitcoin will simply be the coin of Wall Street.
sorry to disappoint you but bitcoin is not some little stock that only belongs to and is being traded in US. it is a global thing that many different people from different places around the world with different economical backgrounds are investing in it. have you even checked the volume that has been coming from China? how about the volume that has been coming from Japan from the start of this year and specially after their biggest Forex broker added bitcoin to their platform? in bitcoin, it doesn't matter how big you think you are in the fiat world (aka the wall street dudes) you will be a tiny fish in the see when it comes to bitcoin with all the whales that have been around for a while to accumulate lots of bitcoin. |
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many of those "many people" you see are not against bitcoin. they are actually heavily invested in it but they pretend otherwise. someone who is spreading FUD in 99% of the times wants the price to drop so he can either short bitcoin or because he has some buy orders placed ahead of time at certain low prices. i honestly can not think of anybody who does not benefit from bitcoin! even banks that some people say are against bitcoin or bitcoin is against them are happy about bitcoin. not only bitcoin introduced blockchain technology to them to improve their business but also it has opened up new ways for banks to make money. banks are in fact making a lot of money because of bitcoin, all these traders are using banks to handle their money transfers and there are lots of them  |
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When forks cease to bring money, the time of unification will come ... This will also bring money
"forks to bring money" what the hell is that supposed to mean! they are not supposed to bring in money. have you read the answers and also that link Emoclaw gave you? what you are calling "fork" is not a fork. it is a shitcoin like many others that gives money to some and takes money for some others. if you want to take that approach then there are much easier ways of doing it, like creating an ICO! |
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investing in an ICO is a risky investment and the risk is very high. you can't say it is good or bad or even right or wrong. it depends on the risks you want to take.
for example some people gamble and they can make money too. but it is not really a wise thing. ICO is the same too. the risks are nearly at the same level in my opinion. i prefer investing in something that has some clear history than some promise of a project that may or may not take and lift off.
but the only reason that ICO investment is still around is the possibility of big reward that can to some extent justify the high risks.
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His daughter, who bought 2 bitcoins, is probably telling him to shut up.
or maybe she called her daddy and told him she wanted to short bitcoin. in any case it is a childish move though. he keeps repeating he doesn't care about bitcoin, and he even went as far as saying he will not speak about it any more but he is still talking about bitcoin! you know what it is like those who create an account on bitcointalk and try so hard to convince the rest of us how bad bitcoin is |
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your best option is to use cash only to buy anything you want. find someone using the internet (like localbitcoins.com for example) and set a meeting. make sure you meet in a public place to be safe from being physically robbed (it has happened before). then do the trade face to face.
in some countries the police station is a good place for doing such trades. they actually allow you to do it there.
taking someone with you is also a good idea.
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it is not always about some doomsday that things like "internet" or "electricity" goes out!
digital currencies are still new. the technology and all the cryptography is also somewhat new. who is to say there is no bugs in them. it will probably not going to be their end. but it will be a big damage though.
for example, think if we relied heavily on Ethereum. the DAO exploit would have crippled all of us who relied on it. but since we all knew it is unreliable and is risky, it turned out to be a profitable exploit doubling the coins that anybody held.
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if price reaches $10,000 this year it means it has gone up about 900%!
i honestly don't know what to think of that. it would be a dangerous territory and i can go as far as call it a big bubble.
this is why i say $10k this year is impossible. bitcoin is nothing like the pump and dump altcoins, you can't even pump it that high. the market is too big for things like that. there will be a big sell off if price reaches higher prices that this. also there needs to be some new money coming in. and so far i don't see that happening more than current trend.
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we already have a lot of altcoins that are called "bitcoin blah blah"! at some point coming up with names will become impossible. there is only finite number of words and even less meaningful ones for a name in English language.
the following are the names of altcoins using "bitcoin" name:
bitcoin cash
bitcoin gold
bitcoin dark
bitcoin core (bitcore)
bitcoin plus
bitcoin script
bitcoin planet
bitcoin fast
bitcoin 21
first bitcoin
bitGold (which is bitcoin gold on waves platform)
bitcoin unlimited (which is not yet created)
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this is a problem but not the main problem at all.
there are a lot of other issues preventing (or at the very least slowing) mass adoption.
issues such as scaling, all the debate about it that lasted nearly 3 years, the high price volatility, no regulations, sometimes even regulations themselves when they are restrictive, and some more that i can not currently think of.
but all these are the problems for mass adoption to happen way before the "1 whole bitcoin is too expensive" issue.
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