There's no certain answer, different for everyone as you could doubled it in a week and others may achieve more than or less than you have. I've never tried such investment, or buy-sell something, however I've planned to invest on big project with bigger funds, small amount will generate small profit and vice versa. |
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What would happen after all the 21 million bitcoins mined? How the transactions would be carried?
The transactions should be carried in the same way as now. The difference is that now the miners get the block reward + tx fees and then they'll get only the tx fees. It's one of the reasons the Bitcoin price (or the fees) will have to rise enough to keep the mining profitable even in those years to come. If the fees increase less people will use bitcoin, which means that the bitcoin price will decrease. When the block reward dissapears after all btc mined,the fees will have to increase in order to keep the mining profitable. If the mining isn`t profitable,who will handle all the transactions? This means that the bitcoin price will have to reach the sky,or bitcoin will die. The real question is, how much it costs for transaction fees to keep mining profitable? No need to wait until all of 21 Million bitcoins mined to see bitcoin skyrocket or die I guess, current fees is higher than transaction through visa or PayPal for certain transaction (based on byte size). Double edge sword, if fees doesn't increase than miners won't process it, on the other hand bitcoin will not interesting for new users anymore as it has higher price and higher fees, they prefer to use fiat money and banks services obviously. |
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Proper and full definition: "Anxiety that an exciting or interesting event may currently be happening elsewhere, often aroused by posts seen on a social media website."
It might be something to it. I believe that bitcoin crowd realized that there is nothing really going in the way of BTC. ETF decline, PBoC constant monitoring of Chinese exchanges and potential of fruther restrictions - all that didn't make bitcoin crash. 10% price drop? It's nothing. We will have $1250 in a week or two. $2000 in 2017 is not that impossible as I thought initially. Bitcoin has proven those problems cannot pull it dropped back so far and hold out above $1100. Moreover, bitcoin recover quickly and in a short time, faster than what people expected, who wants to buy cheaper bitcoin. However, I don't think bitcoin could grow more than this level until block size limit problem which this rift between community be solved. |
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Hi,
I have a question regarding your own BTC faucet. Is it profitable to run it in 2017?
I was thinking to run it via WordPress.
What initial investment is needed?
Is it good enough in my opinion, as newbie will try to earn bitcoin through faucet, even though it's hard to achieve decent amount. When your site traffic increase, then offer ads service will be great. I guess for brand new site, you need at least BTC0.5-0.1 to cover the cost. Faucet site is a simple work with good opportunity to develop, take it as a first step. |
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https://www.theatlantic.com/business/archive/2013/04/bitcoin-is-no-longer-a-currency/274859/An article from The Atlantic magazine - from 2013, way back in 2013 - declaring that bitcoin is not a currency, but "the ultimate tech stock"! The four years since the article was written has proven that bitcoin is akin to an Amazon or Facebook (stock, not company), and much less "Pets.com". That's a good thing. I have to agree with them. Every week that passes without a new company in any local metropolitan area deciding to accept bitcoin as currency is a two weeks further away from bitcoin actually being adopted, mainstream, as a currency. Bitcoin is an investment. A stock or an asset class/commodity can be debated, although it doesn't much matter. Bitcoin is a store of value not a medium of exchange. What do you think? I realized it when the price increase to ATH and the problem seems not so good. It's about block size, high fees and long time to get confirmed, how could bitcoin could be a currency if it has those problem? Yes, I think it just for investment/commodity as long as this problem cannot be solved yet. |
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I prefer saving bitcoin just like you and the main purpose behind my saving is for the future. I am positive about bitcoin and I am sure bitcoin price will be sky high within the next 5 years. It may go up to a certain level which we are not able to think today. So with this hope, I am saving bitcoin and not investing it anywhere apart from trading.
I have a dream of buying something luxurious for myself and family in future and I am sure that my bitcoin savings will definitely help me to reach that dream and make it a reality. I will continue earning bitcoin for another 5 years and then I will sell that to for fiat currency to fulfill my dream for good.
Consider bitcoin price which could significant increases in few years, then it suitable as savings for future purposes. Yeah, who decided to hold bitcoin should have faith in it as the market fluctuations could affect your decision, the best way is saving without looking at the price, and never sell it to get profits but wait until certain time. |
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I'm going to lean to the optimistic side of things. If not now, when? If rejected, why? People can already lose their shirts investing in bitcoin, the ETF just provides a safer, more regulated environment for such investment.
This is completely speculative and non-rational, but I just have a gut feeling that the election of Trump signals a more business-like acceptance of risk-taking as part of life, and that this could provide a subliminal tipping point in the decision-makers thinking. Or to put it another way, the nanny-state worldview has been thrown back a couple paces, and it is that worldview which would lend itself to denying the ETF as "too risky."
U.S. Securities and Exchange Commission has been put off winklevoss ETF decision several times and this is the last chance. Why they decide to delay it? They may consider and need more time to see how bitcoin overcome security issues and government regulations regarding bitcoin. 50:50 maybe the best chance that we have, but I have read the leaked news, so it more likely to be approved. |
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There is no chance to buy bitcoin under 1,000$ Do not say $800. it's just a day dream. the prediction is at 1,500$ in May, 2017 and it could hit 2,000$ at the end of 2017.
If ETF goes in favor of bitcoins on March 11 then we may see major price rise in bitcoins but if the decision goes in opposite direction then there is a full possibility that price will go below $1k and I think that would be the best time to buy bitcoins as of now if you are looking to buy bitcoins then best decision would be to wait for next couple of days to buy more amount of bitcoins. I believe so, ETF decision is another crucial part of bitcoin in order to get more big adopters invest on bitcoin. Current rally of bitcoin price maybe caused by this news which people thought what will happen if SEC approve winklevoss ETF, take a part for the future profits in case bitcoin could reach $2000-$3000 per BTC1 in this year. |
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Every time, for as long as I remember, that I go on bitcointalk, everyone keeps posting "BTC IS DEAD" "SELL" etc... And then a few Sr/Hero members come and explain how thats wrong.
I just don't get it.
Aren't we used to the price fluctuating by now? Whats with all the crying/moaning about price bubbles, crashing, inflations, Russia, China blablablablablablaaaaa!
Jeez... Do some research before posting, I saw one post which got LOADS of attention, yet the first post was done by paint, with an unlabelled graph which showed wrong data!
This is getting to the point where we are affecting newer members or gullible people into selling/dumping all their coins instead of keeping them. I mean when I come on the forum, I see that its crashing, why would I buy in?
I think we need to stop giving the panicking people attention and focus more on positive sides.
You've answered your own question, we know they want to buy bitcoin at the dip, so they make people think to sell out. Indeed we have to stop those fud but what we could is just giving some explanations about it. In the end, everyone have their own decisions which is the best. Sadly, most people will trigger and panic sell their bitcoin to get profits while they still could buy back at cheaper price if it fall down. |
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Never. We are not in bubble territory, we are were we should have been naturally if the Willybot Mtbox incident didn't happen. You could call it a buble if tomorro we wake up at $5,000 or something. The price keeps growing in a healthy way, with small dips there and here.
If the ETF passes, due psychological factor associated with the ETF = big pump, it may dip, but I don't predict sub $1,000 prices.
If you sell before ETF: you risk that you miss on massive gains if it gets approved.
If you buy before ETF: you risk that you lose on the gains you could make if it doesn't get approved since you could buy for cheaper
It's a gamble.
Granted, the price has grown steadily in aggregate if you look at the last 5 years. This is good for bitcoin. I'm worried about the developments in these past 3 months: Its more than just the ETF. Why go through a third party like the twins to get shares in btc when its so easy to get the real thing yourself. Jan 2017-The 3 largest exchanges in china stop trading BTC/Yuan. Jan 15, China announces that their own crypto currency is in the works https://www.cryptocoinsnews.com/chinas-plans-launch-currency-might-affect-bitcoin/ The price jumps from 900-1250 in 3 months. China does the majority of the trade, ASIC are all made in china. Sorry, I like conspiracies. Winter is coming. What do you mean, tittle said to the moon but your words against it? Conspiracies about how/what may causes bitcoin fall back to $900? This means a sudden drop in price (circa $900) once the twins fail the ETF right? Sell sell sell!I guess the price will fall down below $1000 again, in case SEC decide to denied winklevoss ETF. But, for now people aim to buy instead of sell out as they expected it may be reach $1400-$1500 before ETF approval/denial. |
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Well I've officially found the house that I want... Now to just get bitcoins to the $250K ea I need to buy it...  $250k in the next 10 years is doable given the exponential growth that bitcoin will experience, but of course, aiming for anywhere near $10k to 100k is more on sight. You should focus in trying to buy as much BTC as possible while it's only 4 figures, then you will need less BTC to buy your house. In any case, you should never sell 100% of your BTC. Wise advice, waiting for bitcoin reach $250,000? It may take 25 years, too far away and seems impossible for now. Better to buy bitcoin at cheaper price (whenever dip occurs) and wait it rise tripled then cash out to buy a house that you want. However, you need to start a business to get more money instead of just rely on bitcoin. |
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In my opinion there would be no need for a local BTC exchange. BTC was designed to be open to everyone who wants to use it and it has the ability to operate outside of the law and instead it creates its own layer of payments that can cross borders. Why limit it by going local? Use it they way it should be. Borderless.
Looks like you don't know the benefits and advantages of having a local exchange. You even called it as having a limits which is really not like that. Please remember that not all bitcoin exchanges supports every country, more especially when it comes to deposits and converting money into bitcoin via withdrawal. I will assume you are in a country where generally supported by those popular bitcoin exchanges so you can say that thing. But even your country is supported, it's surprising that those exchanges don't even required their to use KYC or something like that and you can withdraw your bitcoin as a money easily? Local exchange as OP mentioned was focused on direct transaction (buy and sell) bitcoin, maybe he want to give it a shot and consider online exchange require a lot of resources to start. Yes, every country need some local exchanges to facilitate and advertise bitcoin to local citizens, but an exchange cannot develop well without online support. |
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What Bubble?  ...... We have a steady climb upwards.... and we have been hanging above $1000 for a while now. Let's say the SEC approve the ETF, then this bubble will grow much bigger... if you want to call it that.  ....The estimated price per Bitcoin might jump to $3000+ if this happens and you would kick your own ass, if you sold now.  Lol, who has sold their bitcoin may ask someone else to kick their ass  . I'm not so sure about ETF and I know this current rally because people speculate 'how if' SEC approve winklevoss ETF. But how if they don't approve it? Then the price will crash again, I could feel it and we should be prepared to face another dump. Only need one huge holders to cash out their investment and others will follow to panic sell again. |
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Almost all Bitcoin Dice sites are Provably Fair. And all Offered by us with EdgeBack are. So it's pure luck. But EdgeBack is on top of your winnings  I don't really understand about provably fair, all this time I have played dice games but always ended lose, so I don't trust dice site and maybe I don't have enough 'luck' to get profits. I have to say that all of those dice sites were made to make players lose, if they didn't, they will out of business. |
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In 1976 Ronald Wayne sold his 10% share in Apple computers for $800. If he had held his stake today it would be worth $60,000,000,000 (60 billion). This why i will never sell my Bitcoin for fiat, i'll keep it till i dont have to. https://www.youtube.com/watch?v=bvWh8sh_wPYGood information about it, people tend to behave as react to the current situation. Maybe in the past, some people didn't believe in their investment and decide to sold it. Same as nowadays, when bitcoin reach highest price, people tend to sell it for cash as they worry if bitcoin in the future cannot give them benefits. Moreover, many people has intended to sell their bitcoin if reach certain point as long as they could extract more money. Well, I'm on your side, doesn't matter about the current price as I believe in bitcoin in the future will be great, maybe reach $10,000. |
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I have 30+ payments waiting for confirmation for nearly 48 hours.
Fees have been 0.00020+ per transaction.
Today, I sent BTC from Bittrex exchange to BlockChain wallet. Bittrex fee was 0.00020/BTC.
The Bittrex transaction was confirmed within an hour.
I do not understand how Bittrex transaction was confirmed in a short period of time and my other transactions with higher fees have not been confirmed.
There are over 87,000 unconfirmed transaction right now https://blockchain.info/unconfirmed-transactionsToo many transaction and the block size cannot afford all of it, overload the system. Everyone told you to increase the fees a bit, my last transaction fee was 0.0003393 through blockchain wallet and takes an hour or less to be confirmed. |
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do you have plan to make more songs? I m following this thread since a long time but you are only promoting the only song.
don't you think you should do more bitcoin musics?
Nice point of song (implied) about government and bank system, moreover people like this music. However, I do agree that OP need to update/upload another song about bitcoin. It is a good way to advertise bitcoin and attract lots of people. |
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Bitcoin: $1260/BTC
Gold: $1241/xau
Well, I can not believe that the Bitcoin prices has crossed over gold sooner than I expect. I thought the process would be finished in April. Wow, Bitcoin is truly worth and everyone who has sold their Bitcoin has made a huge mistake. Nothing can stop Bitcoin right now.
Unbelievable, bitcoin has reached and settle new ATH right now : $1276.97 on coinbase, fabulous. Yes, bitcoin value has surpassed gold and seems still climb up during ETF approval on process, I don't know but maybe others already got leaked news about SEC final decision? Or people expect SEC will approve ETF, just maybe. |
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Honestly, we need to be realistic so we will know the real answer. Bitcoin in any way cannot replace Dollar because that currency is too powerful and I even doubt if we can replace a weak currency. The thing is, we do not belong to their level since we are decentralized while every countries currency has their own government to protect and to improve theirs.
At the current moment bitcoin is a weak currency, but things change dramatically in this world. You never know what happens any second. People are getting famous just by posting a single picture or video these days on social media. So, we should not deny the fact that It may possible in future like 10 years from now. Bitcoins may make an impact in the market and people believe and start working on converting dollars to this currency. I agree with Natalim, and a little bit for rickadone, it seems like bitcoin will not replace dollar 95% vs 5% that bitcoin could become a major currency and used by everyone in the world, more than dollar could achieve in the future maybe around a century. Bitcoin cannot pass a country regulations and a government could ban bitcoin as some countries have implemented the restriction. |
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What do we think about this lads? Are we going to the moon? I'm stoked. I don't really get why the price keeps rising, but i don't mind. It doesn't look like a spike like the previous ATH, its way more stable. Are we finally getting more mainstream? ( https://www.reddit.com/r/Bitcoin/comments/5wvu21/ath/) Bitcoin reach ATH because triggered by winklevoss ETF decision, people speculate how if SEC approve it which cause massive investment join in bitcoin. I like if people get used to the current price and not sell out their bitcoin due to last time we reached $1200, suddenly it dropped back again to $1150. If ETF get approval than, good bye to who has intended to dump bitcoin, so many people have planned to buy bitcoin as much as they could in order to get more profit in the next week/month/year. |
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