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Author Topic: 2016, The Year of Bitcoin?  (Read 169254 times)
angaper
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November 20, 2015, 09:39:08 PM
 #241

I am a little skeptical about 2016 as year of Bitcoin. The current volatility will continue because of the expected Fed interest rate hike and the increasing security crisis at Europe and even America, although I am convinced that BTC will go up towards $500-$1000 range, closer to the first figure.
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November 20, 2015, 10:04:05 PM
 #242

2016 will be the year of decentralised exchange.  Once BIP65 is fully deployed (version 4 blocks) and wallet software is updated to support the feature, it will be possible for users to trade directly from Bitcoin's blockchain to any altcoin that supports ACCT.  Over time, this will become a standard feature with every cryptocurrency.  That means we won't need to sign up to exchanges to trade coins anymore.  This will result in increased resistance to regulatory shutdown (exchanges are easy to shut down), increased privacy (no need to register accounts and submit to KYC/AML) and increased security (not relying on third parties to store funds and you'll have full control over private keys for the pairs you're trading in) once it's all up and running.  Buy and sell directly through your wallet with no middlemen. 

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RealBitcoin
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November 20, 2015, 10:12:54 PM
 #243

2016 will be the year of decentralised exchange.  Once BIP65 is fully deployed (version 4 blocks) and wallet software is updated to support the feature, it will be possible for users to trade directly from Bitcoin's blockchain to any altcoin that supports ACCT.  Over time, this will become a standard feature with every cryptocurrency.  That means we won't need to sign up to exchanges to trade coins anymore.  This will result in increased resistance to regulatory shutdown (exchanges are easy to shut down), increased privacy (no need to register accounts and submit to KYC/AML) and increased security (not relying on third parties to store funds and you'll have full control over private keys for the pairs you're trading in) once it's all up and running.  Buy and sell directly through your wallet with no middlemen. 

I personally have no problem with KYC, however I`m more worried that exchanged could come up with competitive blacklists and other tyrannical tools.

So something like that sounds really useful.

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November 20, 2015, 10:17:02 PM
 #244

I predict 2016 is the year where bitcoin finally breaks through, both in price

Perhaps, it's possible. But people predicted this for 2010. 2011. 2012. 2013 (though it was somewhat true!). 2014. And they predicted it for 2015, and it didn't come true here. It's completely random.

and in mainstream adoption.

I doubt this sincerely. If it does ever happen, I don't think it will happen so early and that the rate of adoption will accelerate so exponentially.

BA Computer Science, University of Oxford
Dissertation was about threat modelling on distributed ledgers.
MissionPhailed
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November 20, 2015, 10:24:29 PM
 #245

I'm not euphoric about the possible effect on price because of the upcoming block halving either. As said before, its a thing that's anticipated months and months before and besides a temporary spike in the 1st decade this month, prices have remained (very) roughly the same. I'd say we'll evolve slowly to a new 'median' price as 2016 progresses, most likely higher than we've seen in 2015 ... !
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November 20, 2015, 10:25:21 PM
 #246

2016 will be the year of decentralised exchange.  Once BIP65 is fully deployed (version 4 blocks) and wallet software is updated to support the feature, it will be possible for users to trade directly from Bitcoin's blockchain to any altcoin that supports ACCT.  Over time, this will become a standard feature with every cryptocurrency.  That means we won't need to sign up to exchanges to trade coins anymore.  This will result in increased resistance to regulatory shutdown (exchanges are easy to shut down), increased privacy (no need to register accounts and submit to KYC/AML) and increased security (not relying on third parties to store funds and you'll have full control over private keys for the pairs you're trading in) once it's all up and running.  Buy and sell directly through your wallet with no middlemen. 

That would be the time when less hacks and more security would be present simply because everything will happen within the blockchain. I just hope that it would be implemented sooner without holding back. This is a nive feature to have.  2016 is a nice year but I think we wouldn't see a new ATH yet.

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November 20, 2015, 11:16:26 PM
 #247

The planned increase in the interest rate the Federal reserve can have a positive effect on the course or negatively. At first time it may hit the stock indices, gold and bitcoin. Therefore, I would not dare to call next year the year of bitcoin.
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November 20, 2015, 11:29:13 PM
 #248

i think that 2016 will be an important year in Bitcoin life because in which the halving will happened which i hope that will affect the price positively as the supply will decline
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November 20, 2015, 11:36:41 PM
 #249

i think that 2016 will be an important year in Bitcoin life because in which the halving will happened which i hope that will affect the price positively as the supply will decline

halving make bitcoin price rising and going to the moon
but...
after it bitcoin can down again

some people predicts bitcoin will be up "before" halving
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November 20, 2015, 11:39:50 PM
 #250

2016 will be big for bitcoin, especially the halving Smiley
im very excited for upcoming year
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November 21, 2015, 12:01:31 AM
 #251

yes i hope so
2016 bitcoin prices will hit the moon
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November 21, 2015, 12:05:08 AM
 #252

yes i hope so
2016 bitcoin prices will hit the moon
Everyone is hoping for that to happen. When it will is anyones guess. More than likely in July when the halving starts. Lets hope this is the case and nothing else happens in that time frame.

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November 21, 2015, 06:55:28 AM
 #253

yes i hope so
2016 bitcoin prices will hit the moon
Everyone is hoping for that to happen. When it will is anyones guess. More than likely in July when the halving starts. Lets hope this is the case and nothing else happens in that time frame.

i hope in 2016 more big company join to accept bitcoin Smiley
and im sure if more big company accept bitcoin, bitcoin price can up and stable at $500 above
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November 21, 2015, 07:29:03 AM
 #254

will not be much different from 2015, it took the shocking news in 2016 that bitcoin prices will rise
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November 21, 2015, 07:32:13 AM
 #255

will not be much different from 2015, it took the shocking news in 2016 that bitcoin prices will rise

how about block halving ?
Code:
Max Blocksize	Block Reward	Year(~)		Native TPS(~)
1MB 50 2009 3
2MB 25 2013 6
4MB 12.5 2016 12
8MB 6.25 2019 24
16MB 3.125 2022 48
32MB 1.5625 2026 96
64MB 0.78125 2029 192
128MB 0.390625 2033 384
256MB 0.1953125 2037 768
512MB 0.09765625 2041 1536

INVALID BBCODE: close of unopened tag in table (1)
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November 21, 2015, 07:32:34 AM
 #256

yes i hope so
2016 bitcoin prices will hit the moon
Everyone is hoping for that to happen. When it will is anyones guess. More than likely in July when the halving starts. Lets hope this is the case and nothing else happens in that time frame.

i hope in 2016 more big company join to accept bitcoin Smiley
and im sure if more big company accept bitcoin, bitcoin price can up and stable at $500 above
bitcoin got a bit of bad news this year, about the people who fund ISIS with bitcoin
This will reduce investor, i think
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November 21, 2015, 07:35:22 AM
 #257

will not be much different from 2015, it took the shocking news in 2016 that bitcoin prices will rise

how about block halving ?
Code:
Max Blocksize	Block Reward	Year(~)		Native TPS(~)
1MB 50 2009 3
2MB 25 2013 6
4MB 12.5 2016 12
8MB 6.25 2019 24
16MB 3.125 2022 48
32MB 1.5625 2026 96
64MB 0.78125 2029 192
128MB 0.390625 2033 384
256MB 0.1953125 2037 768
512MB 0.09765625 2041 1536
Yeah but I'm not sure for it, how the effect block halving of the price of bitcoin?
yah really important?
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November 21, 2015, 07:38:03 AM
 #258

In what month on 2016 would be the highest price of bitcoin?
interesting to wait
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November 21, 2015, 07:52:47 AM
 #259

i think that 2016 will be an important year in Bitcoin life because in which the halving will happened which i hope that will affect the price positively as the supply will decline
I expect the same in Bitcoin. It should reflect next year's price of bitcoin and because of market time and festival time making Bitcoin rate very low nowadays. But I hope this should move and bitcoin's value should go to high price as soon as possible. then only my savings will help me.
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November 23, 2015, 02:46:13 PM
 #260

i think that 2016 will be an important year in Bitcoin life because in which the halving will happened which i hope that will affect the price positively as the supply will decline

halving make bitcoin price rising and going to the moon
but...
after it bitcoin can down again

some people predicts bitcoin will be up "before" halving

I do not agree with you for the first and the second sentences that you have written and probably agree the third one. First because I believe that the price after halving will increase (if don't happen something else which can affect the demand for it decreasing it) but cannot agree that will go at the moon. Maximum can go at the top of Tour Eiffel or at the top of some high skyscraper bur never until at the moon. Second has no reason that after the increase of price can be verified an decrease of it. The demand will the same as it was before the increase and the supply idem. So no reason to go down. More reasons have to stay there where will arrive or move a little up and down that price. This is the reasoning price and if will not happen other events with impact in price. Third have reason that the price go high before the halving. Expecting the increase of price after the halving to many people can buy with low price in order to sell after the halving with high price. This increase of demand can have as a consequence the increase of price even before halving. But it is all to see. Lets wait and will understand everything in the right time.
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