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Author Topic: 2016, The Year of Bitcoin?  (Read 169203 times)
Opekin
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October 16, 2016, 05:45:38 PM
 #2201

I wish that every new year will be the year of bitcoin. It will be great that the price will grow and 2020 year or 2050 year will be the bitcoin time.
As long as the FIAT economy suffers from inflation, we'll continue to celebrate year of bitcoin in each year. Wink
yes and an year will come when no one will like to hear about the concept of fiat and they will only prefer to bitcoin and will like to do all the transactions only in bitcoins and will like to go to only those shops which will accept only bitcoin as payment.

At that time, the bitcoin is not the only coin. There will be Ethereum, Monero, Dash and litecoin.

 
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October 17, 2016, 07:11:37 AM
 #2202

Don't you think that from now each year can be the year of bitcoin?
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October 17, 2016, 07:24:12 AM
 #2203

I do not thin that 2016 is going to be the year of the Bitcoin because 2016 has not really done much for us but if the price still manages to rise with in 2016 then maybe.
I think that nothing is going to happen in 2016 anymore, we have to wait for 2017.

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October 17, 2016, 07:25:47 AM
 #2204

Every year can be the year of bitcoin, but 2016 has seen correction from the bitfinex hack and a lot of people expected to see a drastic move of the price to higher levels based on the halving event. Sad to say that it didn't happen as expected. We got 2 and half months for 2016 to be over and reading the charts I think we can end the year with bitcoin price above $700.

That is if there is no fundamental news or any surprise events. Never the less, it good to add now and save it for years to come. The valuation seems attractive at the moment.

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October 17, 2016, 07:37:12 AM
 #2205

I dont think this year is the year of the bitcoin becuase i know for sure that other people are getting much attention from the bitcoin you know and others dont believe into it
anymore and that is the risk of the bitcoin.
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October 17, 2016, 07:44:50 AM
 #2206

I wish that every new year will be the year of bitcoin. It will be great that the price will grow and 2020 year or 2050 year will be the bitcoin time.
As long as the FIAT economy suffers from inflation, we'll continue to celebrate year of bitcoin in each year. Wink
yes and an year will come when no one will like to hear about the concept of fiat and they will only prefer to bitcoin and will like to do all the transactions only in bitcoins and will like to go to only those shops which will accept only bitcoin as payment.

At that time, the bitcoin is not the only coin. There will be Ethereum, Monero, Dash and litecoin.

Even there are those alt coins but for me. Bitcoin is going to be the most used crypto currency and I think those alt coins won't able to reach what is bitcoins experiencing now with its success. So for me, I am just using those alt coins for trading but in reality I don't have other use for them just like what I use with bitcoins for a real currency.
Inflation also affects virtual currency for your information. Bitcoin has a monetary value in which it decrease during inflation the only thing that it differs is it is not affected that much because of your choice on the price you will sell it. But if you assume that Bitcoin will have a good price than please prepare for the worst as you are optimistic that Cryptocurrency are not affected by inflation.
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October 17, 2016, 07:50:25 AM
 #2207

I do not thin that 2016 is going to be the year of the Bitcoin because 2016 has not really done much for us but if the price still manages to rise with in 2016 then maybe.
I think that nothing is going to happen in 2016 anymore, we have to wait for 2017.

So you mean to say that current year was not good for bitcoins? We witnessed 100% price rise in this year what else you are expecting from bitcoins and I think this was very good year for bitcoins.
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October 18, 2016, 04:14:02 PM
 #2208

I do not thin that 2016 is going to be the year of the Bitcoin because 2016 has not really done much for us but if the price still manages to rise with in 2016 then maybe.
I think that nothing is going to happen in 2016 anymore, we have to wait for 2017.

So you mean to say that current year was not good for bitcoins? We witnessed 100% price rise in this year what else you are expecting from bitcoins and I think this was very good year for bitcoins.

Well 2016 is always been a great year for bitcoins and as well as the past years. Because every year has their own good pumps and results that made with bitcoin and we must be thankful with it and let's don't say that this year is not a year of bitcoin. How can you say that if you are benefiting when the price of bitcoin is increasing dramatically.
Soon the end of the year and shoving up, we can say with certainty that all the difficult moments bitcoin survived and heading, only we expected more the price of the currency.
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October 18, 2016, 04:16:32 PM
 #2209

I do not thin that 2016 is going to be the year of the Bitcoin because 2016 has not really done much for us but if the price still manages to rise with in 2016 then maybe.
I think that nothing is going to happen in 2016 anymore, we have to wait for 2017.
I dont agree with you because in 2016 we already have seen lot of things happening to bitcoin and talkin about the price,look what the price of bitcoin on the start of year and what it is now,we have seen good price increase this year in bitcoin.
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October 18, 2016, 05:50:38 PM
 #2210

Don't you think that from now each year can be the year of bitcoin?

Every year in which bitcoin gets adoption and it grows higher in value from where it was in previous year that means that is a good year for bitcoin.
Because when we say The year of bitcoin it means we say in that year bitcoin would grow high obviously so if that happens every year and every year is the year of bitcoin technically.
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October 18, 2016, 05:58:49 PM
 #2211

I do not thin that 2016 is going to be the year of the Bitcoin because 2016 has not really done much for us but if the price still manages to rise with in 2016 then maybe.
I think that nothing is going to happen in 2016 anymore, we have to wait for 2017.
I dont agree with you because in 2016 we already have seen lot of things happening to bitcoin and talkin about the price,look what the price of bitcoin on the start of year and what it is now,we have seen good price increase this year in bitcoin.
Yup, i agree with you, 2016 is the year of Bitcoin. Because this year beginning the Bitcoin price was 450$+ now, it's 650$. And mid of this year when halving happened the price reached 800$+. This same halving occurred in 2012 that time after halving the price went down like hell reached 100$. But this time, it not happened and still the price is high. So people are calling 2016 is the year of Bitcoin.
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October 19, 2016, 12:55:48 AM
 #2212

We will see, hopefully it is.
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October 19, 2016, 05:06:04 AM
 #2213

I do not thin that 2016 is going to be the year of the Bitcoin because 2016 has not really done much for us but if the price still manages to rise with in 2016 then maybe.
I think that nothing is going to happen in 2016 anymore, we have to wait for 2017.
I dont agree with you because in 2016 we already have seen lot of things happening to bitcoin and talkin about the price,look what the price of bitcoin on the start of year and what it is now,we have seen good price increase this year in bitcoin.

For me , I am very satisfied on what happened for this year and I would say that this year is definitely one of the greatest year of bitcoin. Even though there are going to have some years that are going to be another great year of bitcoin. So let's just be happy on what happened for this year and consider that this is another year of bitcoin.

Totally agree, this was comparatively a very good year for bitcoin as price almost doubled this year and people who sold their coins at the right time in this year have already made huge profits.
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October 19, 2016, 05:11:43 AM
 #2214

As long as bitcoin yields over 20% increase in price every year, I would consider that a good year for bitcoin. How many investments are there that can deliver as much as that? You'd be lucky to find investments that give 12-15% yield on a yearly basis. Stocks are ok but even they have bear periods that sometimes takes a while to recover.
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October 19, 2016, 05:24:37 AM
 #2215

As long as bitcoin yields over 20% increase in price every year, I would consider that a good year for bitcoin. How many investments are there that can deliver as much as that? You'd be lucky to find investments that give 12-15% yield on a yearly basis. Stocks are ok but even they have bear periods that sometimes takes a while to recover.

Bitcoin price grew 100% in this year in compare to last year and still people are not satisfied with it as they were expecting to see price of $1k at halving but unfortunately that didn't happen.
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October 19, 2016, 05:51:57 AM
 #2216

As long as bitcoin yields over 20% increase in price every year, I would consider that a good year for bitcoin. How many investments are there that can deliver as much as that? You'd be lucky to find investments that give 12-15% yield on a yearly basis. Stocks are ok but even they have bear periods that sometimes takes a while to recover.

Bitcoin price grew 100% in this year in compare to last year and still people are not satisfied with it as they were expecting to see price of $1k at halving but unfortunately that didn't happen.
For me that is a big reason already to call this year a year of bitcoin.. However, as a believer we love to expect that every year it will be more progressive compared to the past year, and this year is a good start for that journey to call every year as the year of bitcoin.

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October 19, 2016, 07:32:58 AM
 #2217

The bear market has lasted long enough. I predict 2016 is the year where bitcoin finally breaks through, both in price and in mainstream adoption.

The fork issue is a distraction. It won't kill bitcoin. The majority will eventually choose what fork they want to use, whether it is the original, or XT, or some third option.

I see the fork issue as silly infighting which only hurts bitcoin. I want bitcoin to succeed, that's what I care about, not what version of BTC I use. I will go with the majority, whichever fork is chosen.
I do not think that 2016 was anywhere close to the year of the Bitcoin because the price was only rising a couple of times and most of the time the price was stable.
I have not made much money with it so it has to happen with in 2017.
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October 19, 2016, 08:07:01 AM
 #2218

The bear market has lasted long enough. I predict 2016 is the year where bitcoin finally breaks through, both in price and in mainstream adoption.

The fork issue is a distraction. It won't kill bitcoin. The majority will eventually choose what fork they want to use, whether it is the original, or XT, or some third option.

I see the fork issue as silly infighting which only hurts bitcoin. I want bitcoin to succeed, that's what I care about, not what version of BTC I use. I will go with the majority, whichever fork is chosen.
I do not think that 2016 was anywhere close to the year of the Bitcoin because the price was only rising a couple of times and most of the time the price was stable.
I have not made much money with it so it has to happen with in 2017.

There are many people who made great profits in this year because they sold their coins at the right time instead of holding them too long, and I am one of them as I sold my all coins when price was $750 as I bought them last year when price was $250.
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October 19, 2016, 08:12:44 AM
 #2219

The bear market has lasted long enough. I predict 2016 is the year where bitcoin finally breaks through, both in price and in mainstream adoption.

The fork issue is a distraction. It won't kill bitcoin. The majority will eventually choose what fork they want to use, whether it is the original, or XT, or some third option.

I see the fork issue as silly infighting which only hurts bitcoin. I want bitcoin to succeed, that's what I care about, not what version of BTC I use. I will go with the majority, whichever fork is chosen.
I do not think that 2016 was anywhere close to the year of the Bitcoin because the price was only rising a couple of times and most of the time the price was stable.
I have not made much money with it so it has to happen with in 2017.

There are many people who made great profits in this year because they sold their coins at the right time instead of holding them too long, and I am one of them as I sold my all coins when price was $750 as I bought them last year when price was $250.

Ofcourse the ones who does not hold their coins for too long for getting more profits out of it will get good returns, because we can't know in long run if where the price will go next so it is better to sell them when you see a reasonable price as you did.
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October 19, 2016, 10:02:59 AM
 #2220

The bear market has lasted long enough. I predict 2016 is the year where bitcoin finally breaks through, both in price and in mainstream adoption.

The fork issue is a distraction. It won't kill bitcoin. The majority will eventually choose what fork they want to use, whether it is the original, or XT, or some third option.

I see the fork issue as silly infighting which only hurts bitcoin. I want bitcoin to succeed, that's what I care about, not what version of BTC I use. I will go with the majority, whichever fork is chosen.
I do not think that 2016 was anywhere close to the year of the Bitcoin because the price was only rising a couple of times and most of the time the price was stable.
I have not made much money with it so it has to happen with in 2017.

There are many people who made great profits in this year because they sold their coins at the right time instead of holding them too long, and I am one of them as I sold my all coins when price was $750 as I bought them last year when price was $250.
Yes, i am also made the good profit in this year. I sold my coins when it reached 780$. Actually, I thought to wait for some more days, because the price may cross 800$, but when the price is started to fall, I sold my all coins and made a good profit. For me, 2016 is the year of Bitcoin.
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