I'm not sure if Ethereum might be able to keep up. Looking on the history of it's prices on the chart, Ethereum just go down whenever btc reach another all time high. I hope too that it will change in 2018 and go back climbing back again to BTC.15 even next year that there's also a huge speculation that btc will reach more than $10k.
I think we will see it break away from bitcoin, once more erc20 tokens succeed. Which I think will happen in 1-2 years ETH is a great project that I respect and I think that at the current time it is undervalued, so today is a great opportunity to buy it for cheap and get profits in the future but to think that ETH is going to surpass bitcoin is a mistake since bitcoin has an incredibly high price and I do not see an end to the bull market in fact I think things may accelerate for bitcoin, as more forks are coming, the lightning network is going to activate and there are rumors of derivative markets based on bitcoin appearing. |
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Bitcoin is indeed unstoppable, besides it is not like China can just withdraw from bitcoin as well, I'm sure many of their politicians are into bitcoin too, so they do not want the general population to have access to bitcoin since that is going to make their control over their population a lot harder but at the same time they cannot be blind to the huge opportunities bitcoins offers to them, so they cannot get out of bitcoin completely. |
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i just check old posts in Currency exchange and Found how bitcoin was so cheap at 2011 Example this User ask for 32$ only to sell 2 BTC2.00 BTC for sale - $32 USD (MTGOX PRICE is 16.68)
Only trusted members with reputation!
So are you think time now is too late or some one in future will say how price was cheap in 2017 like my post Shear what you think  It's never too late. If you knew it was too late, then you would know where the top is. People have been claiming Bitcoin was overvalued for ages, thinking it was "too late to get rich with bitcoin" at pries as low as $15. Case in point, this post right here is pretty hilarious in retrospect:  He applies exactly the same analysis as people do now. "It's too late, big news are already in" etc. Nice find, it is always a good idea to read the posts of the people that came before us in order to understand what they thought and it is incredible they still use the same reasons why some people think that it is too late to invest in bitcoin right now, if you believe that bitcoin is going to reach adoption by a significant amount of the population of the world then these prices are very cheap. |
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I wouldn't say its risky as a whole but its not too wise to have Bitcoin as your only investment. I believe in spreading your investment to other potential crypto currencies.
If your main concern as whole is the risk then the only coin in which you should invest is in bitcoin, investing in other cryptocurrencies may seem like it lowers your risk by not having all your money tied to a single cryptocurrency but that is only going to add more risk since all the other coins have an even greater volatility than bitcoin and if you want less volatility than the one bitcoin offers maybe you should not invest in crypto at all. |
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What are the chances of living in a world with no actual money ?  The chances of that happening are very low, even if bitcoin is adopted all over the world that does not mean fiat is going to disappear, all the countries of the world are used to print their own currencies if they did not do that the economies of the world will be unable to function as they have now, and while I would like a change in the way the economies of the world works, most of the time that is going to come with the cost of the suffering of many people, so while I like bitcoin I hope things stay the same for a very long time. |
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I think this is the top for this year. The upcoming regulations will bring the whole crypto market down imho.
But after everything settled there is much more upside incoming.
Bitcoin Gold could make the price of Bitcoin go much lower than it is right now. The price would be worse if Amazon accepted Bitcoin for payments. Bitcoin gold was born dead no one believes in that coin and no one is going to use for anything except making a few dollars and for some people that may not be enough to incentivize them to use bitcoin gold, I know I wont I do not want to risk losing my bitcoins for the lack of replay protection just to earn some money, so as you can see the effects of bitcoin gold are going to be negligible at best. |
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Definitely yes. Everyone of us wants to be rich. Nowadays it's so hard to earn money and thanks to bitcoin because it makes easier to us to earn money. If you are rich you can buy anything you want and you don't need to think what will gonna happen to you in the future. But, Many people are saying it's okay not to be rich as long as you are happy with what you have and I agree with that.
Being happy with what you have is great but at the same time there is nothing wrong with wanting to have more and I think almost any person in this forum wants to become richer the only thing we need to do is to formulate a plan in order to make that a reality, it is not going to be easy but if we are able to be constant while following our plan becoming rich is going to be only a matter of time. |
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It is really unpredictable which coins will survive so long. The crypto space is changing fast. Most important thing is not too large coin supply and also an active community
Instead of holding such a diversity, wouldn’t it be better to hold few crypto coins which are capable of giving huge profits. The digital market is very volatile but it is the future also. Soon people will use digital currencies more than paper money. Investing in digital asset is not a risky act as far as the asset is a deserving one. Bitcoin is my first recommendation but some altcoins like Ethereum, litecoin, waves, monero and neo are also good options. Correct, diversifying your investments is a good strategy but at the same time people can exaggerate, holding 50 coins is simply too much I do not know if there are 50 projects that are worth your investment, right of the top of my head I can think of 15 or 20 good projects, but 50? You will need to dig deep in order to find that many promising coins. |
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I am newbie on bitcoin, recently introduced with the community. I have seen a lot of positive feedback about bitcoin investment. I am not interested do business or trade on market. I want to used it for long term investment only. Some people suggested me anytime is good for invest on bitcoin but I want to do it wisely. If you have some idea of the market and analysis kindly do it for me.
Waiting for Bitcoin's price to go down is an investment 101 for beginners. However, waiting too much might lead to losing the best opportunity to buy. This is the worst nightmare for Bitcoin traders. But in the case of long term investors, they buy at any price. They do wait also for the best opportunity but the price does not bothers them. We know that Bitcoin is the best investment for long term so buying even at the peak will always give ROI as long as you hold them as long as possible. That is what I do since I’m planning to hold for a very long time there is no point for me to try to find the perfect opportunity to enter the market, I just buy and forget about it, now if you are a trader then the price when you buy is extremely important but I have seen that most people that trade do not make any money and instead they lose it so I prefer to take the safer approach of just holding. |
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BTC was around $300 3 years ago. Wonder how many people can hold BTC for more than 3 years and enjoy the amazing profit in this period  I can't really assume how many people that is holding Bitcoin for that long 3 years, because even me when I see Bitcoin was doubled its price I have a high percentage in mind that I would like to sell my Bitcoin already because I got 200% profit with my initial investment. I think most people that holds that long for Bitcoin is the one that is rich enough to make it is a hobby of holding long term investments with Bitcoin and those people that really forgets that they have a good amount of Bitcoin back then and suddenly sees the current pruce of Bitcoin. You do not have to be rich in order to hold for that long, you just need discipline, I have not held for that long only for something close to a year but I’m planning to hold for a very long time because I know that bitcoin is going to be my ticket to a better life, I will not become rich with it but my life is going to improve dramatically if I keep holding and bitcoin keeps going up in value. |
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The key phrase that we should take into consideration is they may be violating the law. It said MAY be violating the law, not IS DEFINITELY or POSITIVELY violating the law. So that takes it in a legal gray area.
Its a warning from the SEC that they can harass you, but from my perspective, they cant do anything else about it. Its a bluff until we witness some celebrity endorser get prosecuted.
This, I think this is just a way for the SEC to say to everyone else, stop doing this or you may get in trouble with us and since no one wants to get trouble with them then I think the days of celebrities endorsing cryptocurrencies are going to be over soon, which is not a bad thing since who cares if Paris Hilton is endorsing a project, she does not know anything about crypto and her word means nothing in this forum. |
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As some others said, Taxation is the ultimate recongition for Cryptocurrencies.
Laws can be made and unmade.
But once a state starts to have a new source of income, it will immediately spend in on state services or debt repayment.
So it will be almost impossible for to give it an end.
It is funny that some people actually want the governments to tax bitcoin since that will mean they recognize bitcoin as a currency but I’m the kind of person that prefers that the government leaves bitcoin alone but as bitcoin becomes bigger the possibility of that happening is very slim but even if governments tried to regulate bitcoin many persons are simply not going to comply. |
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That just means that the Indonesian Banks are aware of the potential of BTC and are threatened by it. Scaring people is their way of shutting down bitcoin users in their country. We all know how the government works, they disapprove anything that they are out of control and those they cannot profit from. Besides, this is what banks always tell people. They always present the bad side of btc as if fiat money has no negative features. Anyway, I don't see this as something to be worried about because I believe that each of us here already knows the risks of btc.
We must understand that bitcoin is already very powerful, while for many people the forum bitcoin is still small, and they are right, we must remember that not every country is the US or China there are countries that are a lot smaller and their governments are going to suffer the consequences of widespread bitcoin usage in a deeper way than a first world country since they do not have institutions as strong and they are weaker economically, just look at what it is happening in countries like Venezuela where bitcoin is thriving despite the bans. |
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Altcoins are dying and some will be dead. Bitcoin murdered them and now I want to murder my self.
First of all take those thought of damaging yourself out of your head, now bitcoin is not killing altcoins, we come from period in which altcoins grew at a faster pace than bitcoin and now we are in the opposite cycle now bitcoin is growing faster than altcoins, at some point this tendency is going to reverse and instead of getting threads like this we are going to get threads claiming the death of bitcoin. The next scenario won't the opposite current trending. After earned a lot of profits through altcoin and bitcoin, I think that's the time for the whale go out and withdrawal profits. Then, they will use that amount to enjoy and relax instead of create more FUD and spend many money. The market will come back to real value and they will go again when it complete. Well, that is a possibility but at the same time why the whales will want to get out when they can manipulate the market with such ease and they can make even more money by doing nothing, but even if you were right there is going to come a point in which alts are going to grow faster than bitcoin once again, so there is not much of a point in selling your alts right now since you are only going to lose money if you do that. |
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Hey guys, BitDice has joined Crypto Gambling Foundation. The Crypto Gaming Foundation is going to be setting a standard for transparency and fairness in our gaming community. Online casinos are amongst the least trusted businesses in the world with only 34% of people believing that online gambling is fair and can be trusted. Regards, Alex. That's good, we need to change the mindset of the people and let them understand that this new technology which is called blockchain ensures fairness to its gamblers. Bitdice is already one of the trusted gambling sites in the crypto world but joining to promote transparency and fairness will make people stay here more. Correct and while BitDice is one of the casinos with the best reputation, there are always going to be people that doubt it no matter how irrational their beliefs or how many evidence you show about the fairness of the casino, look at my trust page, a person negged me just because I’m wearing the BitDice signature, probably that person lost money he could not afford and thought he could get back at the casino by negging me. However I like the idea of BitDice joining Crypto Gaming Foundation since we need to make efforts to clear the image of casinos among gamblers. |
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This is something which I've beleived for awhile, which is the prospect that if big governments and banks worked heavily together they'd be able to remove Bitcoin from the face of the earth. They wouldn't ban it, as that would be a tough thing to swallow for the American people as they wouldn't see a good reason to do that ( at least in my mind here) But they could just go ahead and regulate Bitcoin into oblivion, making it hard for Bitcoin businesses (buying and selling, trading, etc) to operate within their countries, or be subject to insane taxes, KYC AML and such.
Do you think Governments could kill Bitcoin?
And what makes you think they are not trying, at first they did not care bitcoin was just too small then they realized too late that bitcoin in fact had a future and they tried to kill it indirectly with bad press but they failed with that, their next option is to regulate it, but bitcoin is impossible to regulate since there is not a central figure to threaten, and at the end they are going to ban it, but in many countries where liberty is appreciated this is going to raise concerns and eventually bitcoin is going to be legalized. |
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The mega rich didn’t get rich by selling assets, they got rich by accruing them. Sure you can trade from one asset to another (diversify), and getting large capital gains is part of the game, but, the rich don’t get rich by selling the things that make them rich. When the rich spend money on lifestyle (cars, mansions, etc) the money they use is from yield, not capital gains, capital gains is almost always reinvested or simply never realised.
My strategy is this - never sell any bitcoins for 2 reasons:
1) I will miss out on any further potential capital gains
2) I will have to pay a lot of tax on those capital gains
Instead I will realise my wealth, via yield on my bitcoins. How do you get yield on a bitcoin you might be wondering? Simple, loaning them out, which, can already be done on bitfinex and other platforms. This sounds risky, and I think it is at the moment, so, I won't be doing that. However, when bitcoin goes mainstream the entire financial system will be using it one way or another and I reckon lending your bitcoin out at that point will be just as safe as having your fiat in a savings account (which isn’t 100% safe but pretty decent still).
Capital gains tax is the big killer, and I think that alone justifies waiting for proper regulated and insured lending markets. What does everyone else think? sell down your assets to spend, or, wait for proper lending markets and generate a never ending income stream? Hell, Do you even think there will ever be regulated safe lending markets?
But that only works if you are already rich, how many people can live out of 1% to 3% of their current holdings, very few I guess, so your strategy is not bad but it is for someone that is already rich or on his way to become rich, for the rest of us the best option is to sell our bitcoin when it reaches very high prices and then buy other assets with it to make our lives easier and more comfortable. |
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Since banks profit from fees and blockchain will kill fees, my guess is banks will be negatively impacted.
Some banks are already stepping into the blockchain world.
But blockchain will not bring back the profits as otherwise.
Any thoughts?
Apologies if this is not the right place to discuss.
Thanks in advance.
A possibility is that banks are not going to stay with their arms crossed and they are going to do something about it, the most likely outcome is that at some point bitcoin will be forbidden in several countries after it becomes too big and people begin to avoid paying taxes with it, however that is not going to work for long and at some point the banks are going to evolve and accept bitcoin in their operations. |
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why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
The reasons are painfully obvious, governments are seeing bitcoin as s threat to their power and they are right, bitcoin is a currency and as we know money is very powerful and governments have the monopoly to print as much as they want and they are able to cover their expenses with that if they no longer got that then they will need to become smaller and that is something they do not want. That's a reason, another thing is the ease of illegal activities with bitcoin. Much of the illegal activities were taking place with USD, but governments were not in a state to accept it and fear bitcoin might make illegal activities more easier. Another thing is the lack of technology growth, most of the technology wise developed countries have already shown positive support for bitcoin. Maybe in future looking the growth of those countries the governments that oppose bitcoin might show interest on bitcoin. While there is no doubt that bitcoin is used by a small minority of criminals in my opinion that is just a cover up to try to ban bitcoin and blame it in external reasons, banks and governments are terrified that something like bitcoin takes off, imagine that people can store their wealth in an asset that they cannot confiscate and that is impossible to touch and that you can have with you by just having an USB with you, they are going to lose all the control over the economy and that is something they fear. |
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I think you should spend 50% your money to invest in Bitcoin. If you turn all your money, it is very risky. The rest money, you can buy altcoins or invest in the Stock market.
Investing in altcoins and investing in the stock market is even more risky, bitcoin has volatility greater than the stock market but the stock market is filled with money printed by the governments to artificially make it to go up, they are in a bubble and at some point it is going to crash and when that happens a lot of people that had their savings invested there are going to lose all the money they have saved during their lives. |
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