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Something like this may actually bring more users to bitcoin, because it will make more people familiar with the idea of digital currency.
Bitcoin won't suffer because people will still use it as a speculation investment and a safeguard against fluctuation in the price of local currency.
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His name is Satoshi Nakomoto.
I am Satoshi.
You are Satoshi.
We are all Satoshi.
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It is raising steadily right now so it is not so hard to believe that it will rise to this amount by the beginning of next year because we have so many high selling holiday seasons coming up until then all with in the next month and a half.
Do that many people actually use Bitcoin to shop online during the holidays? I would think a lot of people would have less money to invest during this time of year because many people buy gifts, take vacations or trips back home, and don't have the extra cash to buy BTC. |
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Price will probably drop below 0.1 this weekend.
Once that happens it may drop lower.
Psychological barriers like this always seem to cause a big swing.
(Like how the price something $4.99 because its lower than $5)
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Hope the Gates Foundation news is true.
Would be nice if we can get more information and additional confirmations on this.
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Tradingview has some good charts. Unfortunately, most of the users I was following haven't been active lately. If anyone comes across some good information, please post it! If I find anyone reliable I will do the same!  |
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Are we talking $700 levels, or a real drop to $650 or below?
(I'll be very surprised if it goes down more than $50)
I guess we will see tomorrow.
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US interest rates will probably be raised next month.
Maybe some financial news like this will have an effect on the price of Bitcoin.
Otherwise we will need some new developments to hit $800.
It seems for now we will go back and forth between the $700 and $750 mark.
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Almost back to the $750 mark.
Will we drop back to $700, or is this finally the push to $800?
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No one is going to give away this information for free. There are some threads on this forum where people post speculation, but most of the twitter accounts haven't been active lately, unfortunately.  |
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I'm very interested to see what happens when all rewards are found and the only thing miners earn is transaction fees.
Will fees have to be increased?
Will miners shut off hardware? How much hash rate would be lost? How much will difficulty be adjusted?
If anyone has good info on this topic I would appreciate it being shared. It's one aspect I don't hear discussed much.
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If you're set on trying to mine try burstcoin (BURST) as one of your options. All you need is free HDD space (the more the better)....it is Proof of Capacity, a very energy efficient way to mine. BURST site - http://web.burst-team.usRemember you can always mine Burst at the same time you use your GPU or CPU to mine other coins! There is a small increase in CPU activity when a new block is found, otherwise your computer is using basically no resources to mine other than being turned on. Right now my rig is mining Monero with GPU and has some extra hard drives hooked up to it mining Burst. The Burst team also has some really good developers, a fully-developed GUI wallet that includes the miner and some other cool features. Hopefully the coin takes off one day because its a really cool project. |
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You can get a little information from the trollbox.
When people are telling you to buy a coin, it means they are about to dump it hard in the next five or ten minutes.
Five people talking about how a coin is about to "go to the moon"? Price is about to drop 25-50%.
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Until now, people from mostly the poorer and developing countries were not part of the global community when it comes to places like e-bay or amazon, because almighty Paypal won't let them, but bitcoin have leveled the play ground and anyone with some coins can stop by to shop.
Until eBay or Amazon actually accept payment in Bitcoin, people are still limited. Right now your only option would be to get a BTC credit card from a company like Bitpay or Xapo https://cointelegraph.com/news/6-cards-battle-for-bitcoin-supremacy-bitcoin-debit-card-comparison-testand use that to shop on Amazon. Which means you are still incurring additional fees and being forced to use a third-party service. Thats IF you can even find a way to convert local fiat currency to Bitcoin. We need easier ways to convert fiat and more ways to actually spend BTC if the market is going to grow and make online shopping more accessible to people who can't use a service like paypal. |
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This is big news, and I'm actually surprised it hasn't pushed the price of XEM further up.
Now might be a good time to pick up some coins if you are in the market for a long-term investment.
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Nope... If Amazon.com ( AMZN 2.94% ) adopted bitcoin for all payments, its volume of $38 billion, divided by a supply of (at the time of the email’s writing) about 7 million bitcoin, would make each bitcoin worth $5,400. If $300 billion in international remittance was conducted in bitcoin, that volume alone would push the price to $42,000. Adding these, along with online poker and gas station transactions, would lead to a total transaction volume of $602 billion — and a bitcoin, even at today’s expanded supply of 12 million coins, worth $50,000. That is just for Amazon ..... Now imagine what would happen, if other platforms starts to accept Bitcoin as a payment option.  Exactly. All we need is one big online service like Amazon or iTunes to start accepting Bitcoin, and we could easily see prices in the thousands of dollars. Also, once Amazon started accepting BTC, other big online retailers would naturally follow. This could push price up even further. It will be a domino effect. |
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Everyone is talking about GUI stuff over the next few weeks, so there might be a slight bump based on the hype.
I'm thinking there will be a 10-15% rise in price over the next two weeks.
Long term?
No idea.
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You may be able to find one or two sellers in the entire country that would accept a Bitcoin payment.
But for the most part, you are still going to have to convert your BTC to fiat and pay that way.
Maybe someone has an idea for a business- paying for real estate with Bitcoin?
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Aliens will come to earth and sell their technology, but they only accept Bitcoin as payment. Price of BTC goes to $1 million each. Better get yours before they land!  |
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