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I think that rececting ETF is better for bitcoin, at least at the moment.
An approved ETF would draw too many investors, what would increase the price too much.
When the price is too high, it's harder to get new people into bitcoin.
And I like a price increase based on ordinary people better than a price increase caused by professional investors.
Because once people are in, they usually don't leave that quick again. That's a steady growth!
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It's nice to hear that some shops are accepting it locally in asia.
But I think it's way to early to say that the whole world is using bitcoin.
Only a very small fraction of one percent of the people is using bitcoin right now.
So there is still a lot of work to do.
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It's all speculation on the ETF that's going to either pass or not on March 11th. It's either going to be a huge day for bitcoins or just another day. Assuming the ETF doesn't pass we can expect a $200 or $300 dip, but if it does pass we'll see steady increases and down the road looking to the future we'll see even more steady increases because of all of the money flowing in.
Expect some profit taking around the 8th/9th of March. Remember that speculators buy the rumour and then protect their profits just before the news! I was expecting if they will sell all of the bitcoin to take a profit at the news about SEC will release in the future. And actually this is become my main concern about the SEC approval. The final decision to take a big profit. It would be safe to book some profits 2 to 3 days before and look how this are turning out. I think $1000 is good support for bitcoin. We have to see how market will react if ETF is rejected. Happy trading and investing guys! I would say as well that even a drop of 300$ to the price we have today would not really stop bitcoins upwards trend. We would still be above christmas level, and that was only 2 and a half months ago. To me a little correction downwards would be even appreciated. It's all moving up too fast, the bigger the bubble gets, the louder it implodes. |
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I am courious about something:
Does blockchain.info really let you spend coins from a transaction that has no confirmations?
I have never tried that, but I would be surprised if that really works.
Has anybody else informations about this?
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I just took a look at your site, and it's nice.
There is one captcha that has to be solved to log in, and another one to claim the 110 satoshis.
Not too much advertisement, that's good too.
At any time the accumulated amount of claimed satoshis can be cashed out to epay. So no minimum amount, that's great as well!
Wish you good luck with your faucet!
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Of course bitcoin can provide some online income.
If employer and employee agree to do so, that might be a very good thing.
Especially when they work across borders and have both different fiat system.
Then the exchange fees that companies like Paypal take (and that are too high if you ask me) drop out of the equation.
It's a win-win!
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Sorry, but I don't like this faucet.
First of all there is a pop-up, I am no fan of these at all.
Then I don't know how to handle the site.
Everywhere is a claim button, but they only redirect me.
If it's not clear how to use a faucet, the faucet is not worth visiting it. At least not for me.
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Price matters everywhere, does it?
The only thing that can be as important as price, is quality.
But i have not heared about quality bitcoins, so it all comes back to the price.
The amount of things I can buy with my bitcoin is important to me and everybody else.
If that amount declines, it does not please me!
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The memory pool turns out to be more and more full these days.
I assume that transactions with the highest fees are put in the blocks first.
So transactions with lower fees will take longer and longer in the future.
That is something we are not used to (yet).
If this trend continues, it will soon become a real problem for bitcoin.
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It's not only bitcoin that goes up, a lot of the altcoins go up as well.
At some point investors will start to withdrawl their profit.
And that withdrawl could be either fiat or bitcoin.
I think that during 2017 a lot is possible, even if the ETF outcome is negative.
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When you buy bitcoins, ther is often a minimum amount of bitcoins you have to take, for example 0.1 btc.
For people with not that much money, or newbies who just want to test it out a bit, that amount might already be too high.
I think with an increasing price combined with a minimum amount that has to be bought, the bitcoin currency in general really gets out of reach for many people.
Not only the price for one single bitcoin.
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Panic selling is a psychological process.
It usually affects the inexperienced with too high hopes.
I must admit that right now it's a relatively unfortunate time to start with bitcoin.
Right now after the big rise and the all time high, there is a chance that the price will drop a bit.
For newbies that might be frustrating, so I can imagine they start selling in bigger numbers to cut their losses.
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I would prefer bitcoin not to be included in funds.
Sure, first they would buy. But once they see the price drop a little they would all sell again.
And then we have one of those panic selling scenarios that brings a lot of other people to sell who would not do it under other circumstances.
Bitcoin can grow without funds like it did the past years. It might not grow that quick, but I think the price will be much more stable without funds.
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Cloudmining systems are all fraud and scam!
You have to be an early invostor to make profit with it and bring other people to do the same as you do.
But always remember that you make the profit from a scam, what is very much the same than scaming the people yourself.
I only can recommend to stay away from every cloudmining service.
And I can't say this often enough!!
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I am agree that it's still possible to get rich with bitcoin, cause of it's price will surly rise higher. But I think bitcoin can suit not to every person. In some places 1100+$ is big money to buy at least one bitcoin and it is impossible to start investing with just one bitcoin. So for such people I would recommend to chose some other crypto currency, which shows good temps of grow now, but costs not so much.
I don't think so, bitcoin isn't a fast or easy way to get rich unless you're an early adopters who have at least BTC10,000 from trade with someone to buy a pizza, lol just kidding. The point is, we need huge amount of bitcoin to become a rich man, but the question is : how much do we have? I am sure most of us here don't have more than BTC10, moreover BTC100 or BTC1000. I think if you have 100 bitcoins, you will be very rich in 10 years. well, perhaps we can be rich with 100 Bitcoin in the next 10 years. However, you need to remember that the prices of Bitcoin can go down anytime. There are many potential altcoins and most of them are not recognized by the people. In the next 10 years, there is a high possibility that they will be utilized by bitcoiners and Bitcoin will be replaced. Therefore, you can not ensure whether you can be rich while holding Bitcoin or not With 100 bitcoins I would already today call you a rich person. And the altcoins, there are many, yes. But non of them has the reputation bitcoin has. Non of them has the community bitcoin has. None of them has the infrastructure of a payment system bitcoin has. To me the altcoins are just useful for traders and developers, nobody else. Bitcoin can be useful for everybody. So none of the existing altcoins can be a competition for bitcoin. |
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Maybe all those FUD articles have their positive side as well.
I can imagine that they prevent bitcoin from bubble building, keeping the growth rates in check.
I have always said that I like a slow and steady growth better than the sudden one, because I have no trust in sudden moves.
So despite the fact that the FUD-news are complete nonsense, they could have positive effects they actually do not want to have.
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I do not think that an offline exchange will be profitable.
Lets say it would be legal to run the exchange. Every offline exchange is in direct competition to the online exchanges.
You would have to give the people a reason why they should come to you instead of staying at home and using the online exchange.
Your fees would have to be much higher than in online exchanges because you have much higher costs (rooms, employes, etc).
High fees scare people away and do not attract them.
And the number of people you can reach even in a city is way smaller than in the internet.
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I would not see bitcoin as a collectible item.
A collectible item is something that you want to have, there is no direct plan in selling it later.
And to me collectibles are limited to a small number. 21 million is not a small number, especially when you can devide it into 100 million satoshis each.
The term currency fits more I think.
Per definition a currency is a medium of exchange, and that is what you do with bitcoins sooner or later. You exchange it against something else.
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I like your ambition and share in it, hopefully it will hit 50k+ soon so that some of us can realize our dreams. I always rue not entering bitcoin early but hoping to make the most if it now and going forward into the future.
Its not really to late to engage to bitcoin since as of now we are on still its early stages since bitcoin is just 8 years old and theres lot of thing would happen ahead of us but speaking on 50k i could say that it wont really happen in our lifetime because this price is really high to consider. You are contradicting your own words. When we say, Bitcoin is only 8 years old, it means there is still much to go. By now Bitcoin is able to reform its image from darknet illegal currency to a high potential performing security. This reform is inducing more and more people to switch to Bitcoin. Imagine 1 billion of world population using Bitcoin, what will be the market cap and what will be the price! When you look at the chart, by the end of February 2015 we were at about 250 dollars. Right now we are scratching at the 1200 dollar level. If that rise in percentage would increase the same way, we would hit the 50K dollars sooner than we all think. |
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But the big question is? Do people would really tend to use that Bitcoin bank if theres one? I dont think so and they will surely choose or decide to hold their own bitcoin into their own wallet rather than on putting it on a bitcoin bank since when you decide to put it there anonymity will surely gone and some people dont really like that thing.
Once there's a bitcoin bank available for everyone to use and it's a huge business, you will be surprised by how much people don't have the confidence that their bitcoins are safe with them. You will see a lot of people using bitcoin banks even they are ultimately risking their bitcoins since the bank can run away or get hacked. It's just human nature, people want something or someone to trust. Yes, people will be using bitcoin bank most especially if these banks start giving out loans or do time deposits where you can earn profits by just saving your coins. You know, the usual bank but using bitcoins. I think as well that there would be a market out there for a bitcoin bank. All you have to do is lure the people with promises or frighten them how unsafe bitcoins are anywhere but in the bank. Technically I think you would need some kind of bank license to do that. And I am relatively sure that such a license would be nearly impossible to gain for bitcoin. |
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