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Author Topic: Tell me your predictions about Bitcoin  (Read 234779 times)
junder
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August 01, 2016, 03:47:04 PM
 #661

My predictions about bitcoin in the future is a big currency in the world
bitcoin is unique and the first time in the modern wold.
I'm sure bitcoin is never die.

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August 01, 2016, 06:13:38 PM
 #662

I don't know what will happen to us in future but i know that bitcoin should become much poplular than now and our community should increase more.
well yeah anything might happen, thats why im afraid to invest a lot of fiat into it because i can easily lose all my money, i still put money into it because i hope that bitcoin will be big
no one can predict the future of bitcoin, so this is about the confidence of everyone to bitcoin, which hold for the long term. I do not really like to hold for long term is uncertain. but maybe I will hold until the end of the year, because I'm sure each end of bitcoin will increase. This year let alone halving not give effect to changes in price.
i agree that no one can predict the future of bitcoin, they can just speculate.  Worst Speculate without basis LOL.  Anyway most of people predict a positive projection of bitcoin.  Reason is that , bitcoin market is still very raw.  Meaning only a certain percentage of people maybe not more than 10% of world population knows about it.  So tapping more than 90% of the world population and part of them involving themselves in this coming months means a demand pressure that leads to increase in price.

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goinmerry
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August 02, 2016, 06:21:40 AM
 #663

bitcoin will get stronger in the future and more people adopt the bitcoin.

There are more and more retailers and business adopt the bitcoin and the users of the bitcoin will also rise.

When the bitcoin have more users, the price will rise a lot. The price is proportional to the mass adoption.

Not at all. It is proportional to the amount currently traded (read supply and demand meeting at a few major exchanges). Obviously, this has next-to-nothing to do with mass adoption. A few exceptionally large whales (blue whales) could make the price whatever they like constrained only by profit margins they could potentially attain thereby...

That would most certainly be the case if Bitcoin had been actively used in real life and only a small percent of it had been traded

The more bitcoin transacted and used by the retailers and merchants, the higher the bitcoin price will be.

Mass adoption by retailers and merchants (let's call it true adoption) would cause the price to spike a lot, but that's not what they want, since what they want is price stability before anything else...

So we are stuck in a vicious circle of sorts

They want price stability for it to work? Then it will be the same as a fiat. It will not be like an investment anymore. I dont want it to be stable, I would rather monitor it daily or every hour than for it to be a calm wave. There would no fun there anymore.
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August 02, 2016, 06:49:41 AM
 #664

Mass adoption by retailers and merchants (let's call it true adoption) would cause the price to spike a lot, but that's not what they want, since what they want is price stability before anything else...

So we are stuck in a vicious circle of sorts

They want price stability for it to work?
Then it will be the same as a fiat. It will not be like an investment anymore. I dont want it to be stable, I would rather monitor it daily or every hour than for it to be a calm wave. There would no fun there anymore.

Yes, I thought it was pretty evident that retailers and merchants would want price stability. They are not Bitcoin investors, they are selling (or going to sell) their merchandise for bitcoins. The price (i.e exchange rate) stability helps their business run more smoothly. Higher volatility of prices is detrimental to any enterprise unless this enterprise is selling and buying bitcoins (e.g. exchanges)...

Though I agree that it wouldn't be fun anymore

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August 02, 2016, 07:13:14 AM
 #665

Mass adoption by retailers and merchants (let's call it true adoption) would cause the price to spike a lot, but that's not what they want, since what they want is price stability before anything else...

So we are stuck in a vicious circle of sorts

They want price stability for it to work?
Then it will be the same as a fiat. It will not be like an investment anymore. I dont want it to be stable, I would rather monitor it daily or every hour than for it to be a calm wave. There would no fun there anymore.

Yes, I thought it was pretty evident that retailers and merchants would want price stability. They are not Bitcoin investors, they are selling (or going to sell) their merchandise for bitcoins. The price (i.e exchange rate) stability helps their business run more smoothly. Higher volatility of prices is detrimental to any enterprise unless this enterprise is selling and buying bitcoins (e.g. exchanges)...

Though I agree that it wouldn't be fun anymore

If the bitcoin price is still stable, the merchants will keep the bitcoin for a few more days, that is like holding.
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August 02, 2016, 07:24:45 AM
Last edit: August 02, 2016, 08:53:33 AM by deisik
 #666

Mass adoption by retailers and merchants (let's call it true adoption) would cause the price to spike a lot, but that's not what they want, since what they want is price stability before anything else...

So we are stuck in a vicious circle of sorts

They want price stability for it to work?
Then it will be the same as a fiat. It will not be like an investment anymore. I dont want it to be stable, I would rather monitor it daily or every hour than for it to be a calm wave. There would no fun there anymore.

Yes, I thought it was pretty evident that retailers and merchants would want price stability. They are not Bitcoin investors, they are selling (or going to sell) their merchandise for bitcoins. The price (i.e exchange rate) stability helps their business run more smoothly. Higher volatility of prices is detrimental to any enterprise unless this enterprise is selling and buying bitcoins (e.g. exchanges)...

Though I agree that it wouldn't be fun anymore

If the bitcoin price is still stable, the merchants will keep the bitcoin for a few more days, that is like holding.

Obviously, they won't unless they are forced to. Bitcoin for them is no more than working capital which shouldn't lie motionless. Any delay means losses for their business since it is used for generating profits...

And these profits don't come from speculation

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August 02, 2016, 08:30:22 AM
 #667

Mass adoption by retailers and merchants (let's call it true adoption) would cause the price to spike a lot, but that's not what they want, since what they want is price stability before anything else...

So we are stuck in a vicious circle of sorts

They want price stability for it to work?
Then it will be the same as a fiat. It will not be like an investment anymore. I dont want it to be stable, I would rather monitor it daily or every hour than for it to be a calm wave. There would no fun there anymore.

Yes, I thought it was pretty evident that retailers and merchants would want price stability. They are not Bitcoin investors, they are selling (or going to sell) their merchandise for bitcoins. The price (i.e exchange rate) stability helps their business run more smoothly. Higher volatility of prices is detrimental to any enterprise unless this enterprise is selling and buying bitcoins (e.g. exchanges)...

Though I agree that it wouldn't be fun anymore

If the bitcoin price is still stable, the merchants will keep the bitcoin for a few more days, that is like holding.

Obviously, they won't unless they are forced to. Bitcoin for them is no more than working capital which shouldn't lie motionless. Any delay means losses for their business since it is used for generating profits...

And these profits doesn't come from speculation
Therefore with the current price we cannot force the big merchants to adopt with bitcoins because their large volume on a given day will be at risk due to the volatility of the price of bitcoins, maybe in the future it will happen but obviously not until massive adoption will occur.

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August 02, 2016, 08:32:39 AM
 #668

I think the bitcoin will trade around the $600 range for the next few weeks, maybe even a few months.
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August 02, 2016, 08:33:51 AM
 #669

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August 02, 2016, 01:00:40 PM
 #670

I think the bitcoin will trade around the $600 range for the next few weeks, maybe even a few months.
That is very close if the price fall back will not continue, we have already hit the price of $500 as of today and if that will continue bitcoin in the next few day will be decreasing its value and for me that is a good opportunity to buy if you are a bitcoin believer and an investor as well. I am sure that this price will give you profit in a short term.

 
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August 02, 2016, 01:45:03 PM
 #671

I think the bitcoin will trade around the $600 range for the next few weeks, maybe even a few months.
That is very close if the price fall back will not continue, we have already hit the price of $500 as of today and if that will continue bitcoin in the next few day will be decreasing its value and for me that is a good opportunity to buy if you are a bitcoin believer and an investor as well. I am sure that this price will give you profit in a short term.

We are online and we see that it is going down. Some are not seeing this. We might be the lucky ones who have been given the chance to see it and buy at the lower price now.
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August 03, 2016, 05:20:40 AM
 #672

The major obstacle I see is the adoption of technology. Many newbies are losing their coins and that’s not good for the network in the long run although it increases price of bitcoins in circulation. Another thing I would like to bring on board is government’s approach toward bitcoin. If we could not do something to prevent it from being criminal’s currency then not only governments but also rest of the world will not have good point of view towards us. We can always deal with small issues like price fall (just like current one) as we have dealt with it before this.
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August 03, 2016, 09:42:56 AM
 #673

The major obstacle I see is the adoption of technology. Many newbies are losing their coins and that’s not good for the network in the long run although it increases price of bitcoins in circulation. Another thing I would like to bring on board is government’s approach toward bitcoin. If we could not do something to prevent it from being criminal’s currency then not only governments but also rest of the world will not have good point of view towards us. We can always deal with small issues like price fall (just like current one) as we have dealt with it before this.

The bitcoin is still very risky. Not only newbies are losing their bitcoin, but also big exchanges like Bitfinex.

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August 03, 2016, 09:57:33 AM
 #674

The bitcoin is still very risky. Not only newbies are losing their bitcoin, but also big exchanges like Bitfinex.

They lost roughly 120,000 BTC and that's more than $60m, big money, and while the hackers will be selling the stolen coins the price will be declining, but since Bitcoin market cap is $ 8,654,074,226 right now, which is more than 100 times bigger than the amount stolen, I think Bitcoin will survive, and I predict it will be around $650 again in two weeks.

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danherbias07
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August 03, 2016, 10:00:02 AM
 #675

The major obstacle I see is the adoption of technology. Many newbies are losing their coins and that’s not good for the network in the long run although it increases price of bitcoins in circulation. Another thing I would like to bring on board is government’s approach toward bitcoin. If we could not do something to prevent it from being criminal’s currency then not only governments but also rest of the world will not have good point of view towards us. We can always deal with small issues like price fall (just like current one) as we have dealt with it before this.

The bitcoin is still very risky. Not only newbies are losing their bitcoin, but also big exchanges like Bitfinex.

This is not really bitcoins problem here. Of course it can be hacked as long as it is in the internet. There are many who will try to do it but there are ways to prevent it. Bitfinex lost that, the security that they can give for their supporters.

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puremage111
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August 03, 2016, 10:03:31 AM
 #676

Predict that the price will go back to $600 in 5 Days 14 Hours 37 Minutes 33 Seconds and 01 Millisecond

Thanks me later  Cheesy
ASHLIUSZ
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August 03, 2016, 10:15:35 AM
 #677

The major obstacle I see is the adoption of technology. Many newbies are losing their coins and that’s not good for the network in the long run although it increases price of bitcoins in circulation. Another thing I would like to bring on board is government’s approach toward bitcoin. If we could not do something to prevent it from being criminal’s currency then not only governments but also rest of the world will not have good point of view towards us. We can always deal with small issues like price fall (just like current one) as we have dealt with it before this.

The bitcoin is still very risky. Not only newbies are losing their bitcoin, but also big exchanges like Bitfinex.

This is not really bitcoins problem here. Of course it can be hacked as long as it is in the internet. There are many who will try to do it but there are ways to prevent it. Bitfinex lost that, the security that they can give for their supporters.
Bitfinex halted trading after discovering a security breach, which included taking its website offline and pausing all withdrawals and deposits and in response, bitcoin prices fell roughly 20% lower.
Intristing
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August 03, 2016, 10:16:34 AM
 #678

The major obstacle I see is the adoption of technology. Many newbies are losing their coins and that’s not good for the network in the long run although it increases price of bitcoins in circulation. Another thing I would like to bring on board is government’s approach toward bitcoin. If we could not do something to prevent it from being criminal’s currency then not only governments but also rest of the world will not have good point of view towards us. We can always deal with small issues like price fall (just like current one) as we have dealt with it before this.

The bitcoin is still very risky. Not only newbies are losing their bitcoin, but also big exchanges like Bitfinex.

This is not really bitcoins problem here. Of course it can be hacked as long as it is in the internet. There are many who will try to do it but there are ways to prevent it. Bitfinex lost that, the security that they can give for their supporters.
Bitfinex halted trading after discovering a security breach, which included taking its website offline and pausing all withdrawals and deposits and in response, bitcoin prices fell roughly 20% lower.

It seems quite risky to store the bitcoin in the exchanges. It is better to withdraw after the trading.
randy8777
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August 03, 2016, 10:37:47 AM
 #679

The major obstacle I see is the adoption of technology. Many newbies are losing their coins and that’s not good for the network in the long run although it increases price of bitcoins in circulation. Another thing I would like to bring on board is government’s approach toward bitcoin. If we could not do something to prevent it from being criminal’s currency then not only governments but also rest of the world will not have good point of view towards us. We can always deal with small issues like price fall (just like current one) as we have dealt with it before this.

The bitcoin is still very risky. Not only newbies are losing their bitcoin, but also big exchanges like Bitfinex.

This is not really bitcoins problem here. Of course it can be hacked as long as it is in the internet. There are many who will try to do it but there are ways to prevent it. Bitfinex lost that, the security that they can give for their supporters.
Bitfinex halted trading after discovering a security breach, which included taking its website offline and pausing all withdrawals and deposits and in response, bitcoin prices fell roughly 20% lower.

It seems quite risky to store the bitcoin in the exchanges. It is better to withdraw after the trading.

it doesn't only seem risky to use exchanges to store your coins at, but it has also proven that it's just a stupid thing to do after so many exchange got "hacked" and such. so yes, if you're done trading for the day, then immediately withdraw your coins to your pc wallet. i always withdraw my coins after my trading session. better safe than sorry.
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August 03, 2016, 10:46:11 AM
 #680

This time around bitcoin prices may fall down to $400.Good time to buy coins if you want to make profit in next pump
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