as far as price goes and the rise of it, we are all happy and enjoy the rise. and it has been rising so far with a very solid rate. but as far as adoption goes, we are not yet close to the golden ages. and i will call a year a "golden year" when we can see some real adoption and see some more people seeing bitcoin as a currency.
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it is all of the above! but you should know that a 100%-150% rise is not a new thing and it certainly was not only last year.
2011 price went from $0.3 to $3 (900%) 2012 price went from $3 to $14 (360%) 2013 price went from $14 to $1200 i'd like to think real price was $180-$200 (1300%) the Mt Gox correction took some time but before that price was rising the same way. 2015 started from $200ish and ended at $450 (125%) and 2016 from $450 to $1166 (160%)
p.s. the numbers may be a tiny bit off the mark, check price history for accuracy!
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Alright , we all know that the Chinese exchanges stopped withdrawals for users for one month or so for fighting money laundering If I understood right. If they ever comeback to work , what impact could they have over the price ? should we expect seeing a huge dump ? assuming that people have their funds on the exchange without being able to move them right now , wouldn't that create too much supply after they comeback ?
they will surely be a rise not a drop! because they disabled "withdrawal" not deposit nor trades. anybody who wanted to dump or deposit and dump has already done it. and when they comeback to work that would be the end of all the FUD and comeback of one of the bigger exchanges and we all know that newbies panic buy in these situations which means a price rise.
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you should all stop waiting around for China to make a move and then you make your move. because while you are waiting around impotently, all the whales all around the world are accumulating coins and getting ready to make their move without you. China is not going anywhere...
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we need more of small products with bitcoin not things as big as a car or a computer and also not to mention expensive! and i am not sure about Apple, i think OP is mistaken. if we can get places such as Amazon to accept bitcoin we can have some good days.
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Was reading an article online which lead me thinking to what will happen after the next block halving> http://www.bitcoinblockhalf.com . I know Bitcoin has a limited supply, so does that mean when all bitcoins are mined there will no life after this time or we shall rely on the available coins to keep circulating or we all have to migrate to the next best altcoin ? "block halving" has no effect on the supply of bitcoin, there is going to be millions of coins available. it is a misunderstanding to say "bitcoin supply will go down" it is mostly about the market and how the amount that miners can sell decreases, they call that supply in trading. what block having changes is the rate of creating new coins. now it is 12.5 per block and it will be 6.25 per block in the future and we still have 16.5 million of today and the additional coins that are generated up to that point. so what do you mean "there is no life after this"
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forgive me if it is newbish question, it comes from the fact that i have little experience with tradingviw.
but why does the two first charts are saying Silver / U.S. Dollar in the background of the chart?
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2,000$ price for bitcoin is hard to reach since there still some people who are unloading and it can provoke panic selling which will make that target price harder to reach. I think 2000$ will be reach next year since there is some news that always saying positive side for bitcoin and that will help for bitcoin to be stronger next year.
nothing imposible and im still believe btc will touch $2000 early this years. talking about predicion i found some intresting article from cointelegraph https://cointelegraph.com/news/bitcoin-price-will-reach-10000-might-take-another-year-tim-draper nothing about cointelegraph is ever interesting since they only publish what they think can get the most clicks regardless of the content. and i also disagree with the "early" statement. i believe it can reach $2000 this year but late this year and it depends on lots of different factors. but i say this mainly because the above $1200 is new territory and every day we stay above $1000 there are less and less panic sellers and we all know they are the reason for slow rises and big corrections. which means the rise to $2000 will be a little bit easier.
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Bitcoin isn't a currency, but there is no easy way to define it. It can be called a cryptocurrency, but that could also make people think it is a currency. Really it is several things including: 1) a store of value, 2) an investment, 3) a method of transferring money electronically, 4) a method of making purchases. I'm sure there are other features as well.
Bitcoin is whatever you want it to be. If you want to use it as currency, then it is a currency, if you want to use it as an investment, then it's exactly that, etc. That's why I find it weird that you say Bitcoin is this and that, but totally discard its usability as currency tool. It's perhaps not the most convenient way when it comes to using it as currency in local situations due to the steep fees and confirmation times, but it serves pretty well in online circumstances. Bitcoin isn't a currency
3) a method of transferring money electronically
4) a method of making purchases.
My point is that if we try to explain Bitcoin to someone that has never heard of it and we just say it's a currency, then they won't appreciate all the other things that Bitcoin can be used for. I'm just saying that it is a lot more than a way to pay for things. well he is right about what he said, but at the same time i think it is best to not say bitcoin is ... because bitcoin is multiple things. the way i like to describe it is as a currency but i always mention that it is a decentralized currency with highest security and fastest transactions. and i think it is still safe to say bitcoin is pretty cheap. the investment part, despite being what i mostly use, comes after all these and i think it should also be of less importance.
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What do people think a bitcoin worth will be in 6 months?
it would be either $1500 or the same as today but it will be higher than $1000 although there are too many things that are unpredictable about bitcoin that can change the price. for example the ETF deadline that is coming in the near future. it can cause a sudden rise or it can be disapproved and cause some panic hence prolonging the eventual rise.
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Altcoin trading, deposit via bitcoin, most exchange accept btc but not fiat so btc has its own value in the crypto industry depositing bitcoin in an altcoins exchange is not called bitcoin usage, that is investing the investment. and people do it to increase their bitcoin amount by joining the pump and dumps in altcoin market.
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i saw another topic by "Baryom" the owner of Bitsler casino who was talking about the same thing. there were some pretty good arguments and also some solutions there. you may want to take a look at that topic. edit: here is the link to that topic i was talking about if anyone was interested: https://bitcointalk.org/index.php?topic=1787647.0
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everything in bitcoin and anything similar to bitcoin being decentralized works based on consensus. if you can convince enough people to use a new name for bitcoin then the name is changed to blahblahcoin!
it is something similar to saying bits or mBTC, uBTC or satoshi or even the ISO name XBT you can see nobody really uses XBT so it is useless apart from seeing it in some exchanges and some other random places.
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we are using bitcoin and the deals are with bitcoin too, so we might as well take full advantage of all the features that bitcoin is offering us.
for every single trade that you make you should use an escrow with 2 of 3 multi signature option, that way you no longer have to worry about either the buyer nor the escrow.
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Signature campaign, faucets, altcoin trading, company bounties (trasnlation,social media campaigns etc.) and gambling. These are comin to my mind. Lets do math together for a week; Signature campaign= 1M average faucets= 300k average altcoin trading= i dont understand so pass this option company bounties= 700k Average Now we have 2M. Find 3 matches with total odds 5.00 bet them all after win u will have 0.1 Btc So in my math best way is the gambling. instead of wasting your time making weird calculations and then wasting your time also on things such as faucets and whatever bounties mean! you better use some more logical methods of making bitcoin. even signature campaign is not so good and should use it as a start up fund. and the one thing you left out (trading) was the best option you could have hoped for.
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the difference is bitcoin is decentralized but fiat is not. you can't dare to call USD an illegal funding currency even if it is the most used currency for illegal activities. but for bitcoin it is enough to see a small portion of usage to be illegal and the media will go nuts.
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i can't possible tell you for sure about whether or not they are going to approve the ETF but i am almost certain about one thing. and that is the price rise that can come because of the approval. this particular thing has been the hot news of late and everywhere you look people are talking about it and getting their hopes up. and this alone can cause a rise.
- don't expect moon though!
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Don't get too excited another "inspection" is incoming.
the another inspection came then another another inspection came too. i guess you missed it. and also because of it the Chinese exchanges increased the length of them blocking the withdrawals. these exchanges are practically out of the game as of 2 days ago when volume moved away from them. p.s. i wouldn't be surprised to see another shakeout happen though!
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haha, funny picture. everything is a matter of perspective! based on your previous comments i am sure you meant this as to be seen from left to right but the "car" seems to be heading down if you look at it from right to left
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I think to sell bitcoin prices are not for this year or next year until I find the truth in the picture below this are all nice and probable scenarios but in the end, they are all big "ifs" not reality. there are a lot of factors in play in each one of these things and i don't see any time frame for any of these, maybe it was in the article and you forgot. but in any case, they are all possible but not in short term. and some of them such as gold holders... is already happening but things such as bitcoin becoming a currency or offshore thing, will take a very long time and a long process.
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