do you believe with bitcoin

[notlist3d]

I believe that bitcoin will be more popular in the near future.
At least a +100% of the price in the next few years.
I expect a good jump at July of 2016 when the block reward is 12.5BTC

It's hard to say what having will bring.  I'm hoping we see increasing.  But if it stops a lot of miners from mining I'm not sure what will happen.

It's all kinda speculation since the having is a little while away.  If we do get increase likely before having we would see it, not sure how far before though.  I will be holding my coins though hoping for decent jump hopefully.

[smith coins]

I believe that bitcoin will be more popular in the near future.
At least a +100% of the price in the next few years.
I expect a good jump at July of 2016 when the block reward is 12.5BTC

It's hard to say what having will bring.  I'm hoping we see increasing.  But if it stops a lot of miners from mining I'm not sure what will happen.

It's all kinda speculation since the having is a little while away.  If we do get increase likely before having we would see it, not sure how far before though.  I will be holding my coins though hoping for decent jump hopefully.

Can you remember what happened the last time when it dropped from 50BTC -> 25BTC

Has it increased or decreased the price, i think that if bitcoin price will increase then the mining farms will continue their work.

Also i highly believe that the difficulty will change as not all miners will continue their journey if their profit is 50% less.

[Atomictie]

the litecoin halving did nothing to the price, so I prefer to don't hear who says that with the btc halving the price can rise. It's an unknown answer

[VirosaGITS]

I believe that bitcoin will be more popular in the near future.
At least a +100% of the price in the next few years.
I expect a good jump at July of 2016 when the block reward is 12.5BTC

It's hard to say what having will bring.  I'm hoping we see increasing.  But if it stops a lot of miners from mining I'm not sure what will happen.

It's all kinda speculation since the having is a little while away.  If we do get increase likely before having we would see it, not sure how far before though.  I will be holding my coins though hoping for decent jump hopefully.

Can you remember what happened the last time when it dropped from 50BTC -> 25BTC

Has it increased or decreased the price, i think that if bitcoin price will increase then the mining farms will continue their work.

Nothing happened then either;
http://www.coindesk.com/price/#
Download the price history .csv. The halving happened at 2012-11-28

2012-11-28,12.3477
2012-12-02,12.5000
2012-12-07,13.4999
2012-12-12,13.6989

The price did not double or anything. It was on a uptrend however, but it was very slow. The biggest difference for miners will be the reward dropping and many miners dropping. We might see -20 to -30% difficulty when that happen. But all in all, it will be much left profitable regardless, for quite a while.

[smith coins]

I believe that bitcoin will be more popular in the near future.
At least a +100% of the price in the next few years.
I expect a good jump at July of 2016 when the block reward is 12.5BTC

It's hard to say what having will bring.  I'm hoping we see increasing.  But if it stops a lot of miners from mining I'm not sure what will happen.

It's all kinda speculation since the having is a little while away.  If we do get increase likely before having we would see it, not sure how far before though.  I will be holding my coins though hoping for decent jump hopefully.

Can you remember what happened the last time when it dropped from 50BTC -> 25BTC

Has it increased or decreased the price, i think that if bitcoin price will increase then the mining farms will continue their work.

Nothing happened then either;
http://www.coindesk.com/price/#
Download the price history .csv. The halving happened at 2012-11-28

2012-11-28,12.3477
2012-12-02,12.5000
2012-12-07,13.4999
2012-12-12,13.6989

The price did not double or anything. It was on a uptrend however, but it was very slow. The biggest difference for miners will be the reward dropping and many miners dropping. We might see -20 to -30% difficulty when that happen. But all in all, it will be much left profitable regardless, for quite a while.

Will this history happen again in the next July of 2016.
Based in this not a huge jump will be happening at that time.
But i think that miners know this, and a new generation of mining rigs will be produced probably!!!

[redsun114]

But, no one can be sure exactly what would happen on this upcoming halving. History may repeat or will repeat on next halving.
It's a inter dependent cyclic movement....
Step1. halving--->less profit--->Less miners--->Less difficulty===>Price unchanged or +/- 10% change
Step2. buying bitcoins easier than mining--->price raise--->More profits to miners--->New miners--->Difficulty Increase
Step3. New higher price is target for many bitcoin hoarders ---> Sell bitcoin--->Less price--->Less miners--->Less difficulty--->Go to step 2.

[rickadone]

But, no one can be sure exactly what would happen on this upcoming halving. History may repeat or will repeat on next halving.
It's a inter dependent cyclic movement....
Step1. halving--->less profit--->Less miners--->Less difficulty===>Price unchanged or +/- 10% change
Step2. buying bitcoins easier than mining--->price raise--->More profits to miners--->New miners--->Difficulty Increase
Step3. New higher price is target for many bitcoin hoarders ---> Sell bitcoin--->Less price--->Less miners--->Less difficulty--->Go to step 2.

That's the good explanation how the upcoming halving will impact on bitcoin prices. I too optimistic that price will return into raising side just because of mining costs. Hopefully the 2016 would be the year that every bitcoiner is expecting.

[prodigy8]

But, no one can be sure exactly what would happen on this upcoming halving. History may repeat or will repeat on next halving.
It's a inter dependent cyclic movement....
Step1. halving--->less profit--->Less miners--->Less difficulty===>Price unchanged or +/- 10% change
Step2. buying bitcoins easier than mining--->price raise--->More profits to miners--->New miners--->Difficulty Increase
Step3. New higher price is target for many bitcoin hoarders ---> Sell bitcoin--->Less price--->Less miners--->Less difficulty--->Go to step 2.

That's the good explanation how the upcoming halving will impact on bitcoin prices. I too optimistic that price will return into raising side just because of mining costs. Hopefully the 2016 would be the year that every bitcoiner is expecting.

I am very excited to see what will change at that day when the halving will happen.

Of course that the price normally should change a bit but i like to see the bitcoin price higher.

The block reward goes down from 25BTC to 12.5BTC which makes the miners uncomfortable.

[CasioK]

Even the not believing people also started to use bitcoin like my boss. He said that bitcoin seems like a ponzi, but now he pays online using bitcoin. He explains that there is no point in believing bitcoin to use it for your regular daily uses. I guess only investors need to believe.

[prodigy8]

Even the not believing people also started to use bitcoin like my boss. He said that bitcoin seems like a ponzi, but now he pays online using bitcoin. He explains that there is no point in believing bitcoin to use it for your regular daily uses. I guess only investors need to believe.

If your boss pays on bitcoin for the whole company is it counted "Tax avoidance"
Or it is normal as paying the salaries through the bank, which should pay some fee.
Bitcoin price is increasing too much and now it is around ~280€ pretty high.

[safari88]

do you believe with bitcoin in the future can replace fiat as a number one currency?

I believe bitcoin will have a bright future, but I do not believe bitcoin can replace fiat.

[Anmol_Verma]

do you believe with bitcoin in the future can replace fiat as a number one currency?

Nah,i dont think bitcoin can ever replace fiat because even though we believe so much in bitcoins but you need to accept the fact that not everyone is aware of bitcoins,like poor people.they just know about fiat in thier country

[Heartilly]

do you believe with bitcoin in the future can replace fiat as a number one currency?

Nah,i dont think bitcoin can ever replace fiat because even though we believe so much in bitcoins but you need to accept the fact that not everyone is aware of bitcoins,like poor people.they just know about fiat in thier country

Bitcoin still need much development in order to replace fiat but it's impossible to happen. It will take many many years. Rather than thinking bitcoin to replace the fiat, be contented to what bitcoin can do today.

[Gimpeline]

The day bitcoin replace fiat it will be so horrible regulated that you will think you are dealing with Gemini 2.0 or something like that.
I don't think it will ever happen

[andulolika]

The day bitcoin replace fiat it will be so horrible regulated that you will think you are dealing with Gemini 2.0 or something like that.
I don't think it will ever happen

Btc can and will evolve slowly, its us who have to accept the changes, after bitcoin is better adapted and people better informed they can do nothing.

[davinchi]

I my view oth regular spenders as well as people who are all hoarding, both has faith in bitcoin. Bitcoin's success is based on the number how many people are using it and how much volume it occupy in daily transactions.
So, bitcoin would be a successful regardless of people believing or not.

[Denker]

Yes I do believe in Bitcoin.Because if not I wouldn't be here or own a few.
I believe in financial freedom, having a choice, and in open source technologies.Bitcoin is one of the most exciting technological innovations of the last several decades.It will have an future impact to all of us in many parts of our life. And it feels great to be part pf that that early.Yes we are still in early stages!

[Laosai]

Of course I do believe in bitcoin. The fact I am actively participating here on this forum is one reason I believe in bitcoin.

Bitcoin is also our future, bitcoin helped me a lot these days and definitely will help me more in the near future. There's no reason for me not to believe in bitcoin. I always keep my faith on it

[JumperX]

the answer is a big YES, first of all we are not here if we dont believe in bitcoins. i cant imagine someone here staying in bitcoin world if he dont believe in it or in its potential as it gets old and stable

[andulolika]

the litecoin halving did nothing to the price, so I prefer to don't hear who says that with the btc halving the price can rise. It's an unknown answer

Maybe litecoin has nothing near BTC volume and demand, id say that ltc is much more speculative than BTC. But BTC is involved in many more markets than ltc. So i believe that since many interests BTC can make the difference.