Btctalk name : NoNetwork
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Have you taken the consideration of looking at the inflation chart of Bitcoin? We know that Bitcoin only have a limited amount(number), about 21 million I believe, and there is a circulating supply. From what I can tell, as the Bitcoin's circulating supply decreases the demand increases therefore the price. A successful inflation so far I could say, every year the supply of bitcoin is getting thinner and thinner, but the demand, well don't start with me about that, we already know that its a bursting rocket.

Btctalk name: NoNetwork
Rank: Sr. Member
Current post count: 513 (including this post)
BTC address: 32Vr32UMqfftqL7SFuBjftTAyKE6GoTqPj
Wear appropriate signature: Yes
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I would like to join the campaign, hoping that I'll be accepted.

I have to break it to you but you don't even have proof mate. How can you say things so casually like its going to turn out like that. All you ever say were predictions not claim.

Well for my case, I just use the reply button on the top right, it only means that I am referring to the OP, well unless you're pertaining to a specific person then you should quote that person, but as much as possible you don't really need to have every word included as for the original post. Just phrases are quite enough but if it can't be help then include at least only the full sentence and not the whole thing.

I must agree. In fact this is not an opinion, its the reality. But on the other hand Banks really do make profits, if and only if you're investing a really large amount of money, like in the millions - that's financial freedom for you. That's how cryptocurrencies and fiats differ from each other.

It might, though this is just a speculation. Well, the reason would be, the increase in demand. A continues increase in demand lets that item also increase in value. But I wouldn't trust media or news when it comes to cryprtocurrency, they end up being wrong and inaccurate, making it look like cryptocurrency is at false, while their true intention is to propagate.

I think so too. Ethereum may not pass Bitcoin's price at the moment, but that doesn't mean that Eth can't be better than Bitcoin. At least its integrity and consistency is not as volatile as Bitcoin. And we can expect that we will not that much loss, and will tend to earn more even if the price is not that high. Considering the fact that many tokens are forked in this currency.

Its pretty obvious. Having a very high price also comes a very high chance of fluctuation in its price, thus volatility. It will also depend on the demand, if there's a low demand then it will tend to have a lower price than expected, and if does have a higher demand then the price comes along.

I find that hardly to believe. As long as there's a fixed supply of Bitcoin every year, I'm pretty sure the demand will not go down, as well as its price. And even if its in the mainstream right now, and even if many country are already accepting it, still there's always possibilities for other coins to catch up. Maybe not in the price but its integrity and consistency.

Yes, it still is. The reason why is that, still not many people are adapting the current technology. I am saying about phones, TVs and other gadgets. Technology is rapidly growing, and there's no stopping in it. Yes we have media, but it expresses not the reason why Bitcoin exist, and what's the use of it. So we really don't expect ordinary people to understand or accept it.

Not anytime soon but it will be. We always knew from the start that Bitcoin only has a supply of 21 million. And from my opinion, we already depleted a quarter to a half of it. But since every year it only have a fixed amount to be mined then there's no reason to panic. The reason why Bitcoin's price suddenly go up before the end of year, is because the remaining fixed supply to be mined are being bought ta that moment.

What do you mean by a lot? Can you prove your claim, that there are a lot of people that invests in Bitcoin "successfully"?

Meaning to say, these rich people don't even know how they get more money? Are you saying that when these people invest in banks (w/c by the way is a stupid thing, unless its more than you can count), they didn't know that the bank is secretly buying them Cryptos, I mean is that even possible or like is that even allowed?

What the heck are you talking about just now? You didn't even give pointers to point out the main question.

Anyway, I would say only few, to be specific, its either enterprises or whales. If an ordinary person would happen to find out that the price of Bitcoin is the highest currency in the market and decided to buy some, honestly I wouldn't expect any profit at all. Because for some reason, its expensive, and really needed knowledge about its changes in the price, because as soon as you just go with it - being naive, that would likely lead you to not even break-even the money you've invested in. Because those people really knows their thing, they won't just buy them, they use strategies to even earn more money.

This has two parts:

Good News:
Its a good news to them. I mean it was really their desire to take over cryptocurrency since day one. When they knew that they will not gain economic-wise from this platform, they immediately come up with a solution and that is by regulation. But now this? They're taking this too far, talk about propaganda of some sort.

Bad News:
Maybe. I said it because, what if this could lessen or even eliminate the number of ICOs that tends to being a scam. I mean there are a lot of ICOs lately that are scams (one of the reasons why some countries ban cryptos and ICOs). But then again, its a bad news, because another thing that they regulate is the ability for people to share their ICO.

Hard work and dedication are not the only things that needs to consider if you really wanted to be reach, one more important element is being smart. You need to be smart especially in making decisions. And/or making strategies for your plans in doing your business or your management in your time, to really have the efficiency of every element. I mean you can earn money without even really working that hard by just being smart about it.

So what I'm saying is that, the rich people's mindset is to lessen the work but still earn the same or even more profits.

To be honest mate, you don't have to worry about anything. Yes at first you might will see this as a threat that could affect you as a trader and an investor. You see, in my country, cryptocurrencies have already been regulated. And from my point of view, its not that bad, you might think that they will tax you or anything, but that doesn't the case. Because what they are doing is that, some exchange exclusively here takes some fixed fees, that will depend on the amount you're converting into.

So my point is, regulations are just regulations. They can't prevent them obviously (the entirety I mean, because they also can ban them). Its like, Law, it was created to have order in the country, but still there are people who disobey them. What I mean is, even if there are regulations in cryptocurrencies they will not have the total control over it.

Not so sure about this one. I mean, aren't the media being controlled by the government? Making propaganda about Bitcoin being a trash cryptocurrency, and Bitcoin is dead. So surely they will not tell you news about Bitcoin being in the positive side, because they will only tell you its price based on people that are so called economists (expert of the economy), and surely they will predict that Bitcoin will soon not last long.

No, they're practically right. Its simply, they are being "economists" at this very point, its not doubt, uncertainty, and fear. I mean anytime it could happen, the downfall of Bitcoin that is. Also, an asset, a product or currency itself or whatever you call it, that doesn't really benefit the economy, then its just worthless to them. And because cryptocurrencies are decentralized and volatile, people are taking advantage of it and most of them are retiring from their jobs to focus entirely on cryptocurrency. With that it will result a big impact to the economy; the loss of executives and employees, may also be workforce, skillful personnel etc., that's why it is a threat to them. They just intend to help the economy.

They don't really need to tax you.

In my country, what they did was, they regulated every cryptocurrency here. So whenever you wanted to convert let say Bitcoin into fiat (money), it will surely have fixed fees depending on the amount of what you wanted to convert. Also, here you can Bitcoin into specific Banks and will automatically be converted into fiat, though there may be no fee but at least they regulates it.

Since it was implemented here pretty quickly, personally I think its still convenient, and I think the fees are not that very high, so I'm used to it.