Is this the launch to the Moon that we were waiting for?

[el kaka22]

Now think back to 2009-10.  If you'd said that bitcoin was going to be over $1700, anyone in their right mind back then would think that's "the moon".  And now here we are.  So I think we're already there.  People expecting to go to the moon from where we're at don't realize we're there already.

In recent times when I was talking to my friend, he asked why bitcoin is divisible up to 8 digits and the basic unit satoshi seems practically no value even with prices at ~$1800 ? All the currencies and even gold also are having only 2 decimal digits and their basic unit is being used everywhere as it has some value.

Like capped supply and scheduled halving, the basic unit satoshi is also determined as one in ten-millionth to be supporting bitcoin to have huge values. In future, we may have one satoshi will be valuing one US cent or even one dollar.

When the basic unit achieves to have some buying power, we may assume we have landed on moon.  

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[Pursuer]

Now think back to 2009-10.  If you'd said that bitcoin was going to be over $1700, anyone in their right mind back then would think that's "the moon".  And now here we are.  So I think we're already there.  People expecting to go to the moon from where we're at don't realize we're there already.

In recent times when I was talking to my friend, he asked why bitcoin is divisible up to 8 digits and the basic unit satoshi seems practically no value even with prices at ~$1800 ? All the currencies and even gold also are having only 2 decimal digits and their basic unit is being used everywhere as it has some value.

Like capped supply and scheduled halving, the basic unit satoshi is also determined as one in ten-millionth to be supporting bitcoin to have huge values. In future, we may have one satoshi will be valuing one US cent or even one dollar.

When the basic unit achieves to have some buying power, we may assume we have landed on moon. 

the reason why the basic unit aka satoshi has no value compared with all the things you listed is that all those things have been around for a very long time, people understand them. Gold has been around for thousands of years and always had value!

with bitcoin, everything is new. people don't understand it, it is not physical, it is a new technology, ... so it takes time to reach the same parity.

that is what I always give as answer to someone who asks me about satoshi and why it is not the same as cent or other small units.

[Asrael999]

Now think back to 2009-10.  If you'd said that bitcoin was going to be over $1700, anyone in their right mind back then would think that's "the moon".  And now here we are.  So I think we're already there.  People expecting to go to the moon from where we're at don't realize we're there already.

In recent times when I was talking to my friend, he asked why bitcoin is divisible up to 8 digits and the basic unit satoshi seems practically no value even with prices at ~$1800 ? All the currencies and even gold also are having only 2 decimal digits and their basic unit is being used everywhere as it has some value.

Like capped supply and scheduled halving, the basic unit satoshi is also determined as one in ten-millionth to be supporting bitcoin to have huge values. In future, we may have one satoshi will be valuing one US cent or even one dollar.

When the basic unit achieves to have some buying power, we may assume we have landed on moon.  

Gold is actually measured in weight - not $$ and can be subdivided down into atoms at its smallest component, the value of 1 atom of gold is significantly lower than the value of 1 satoshi , which is as it should be as there are significantly more gold atoms than there are satoshi.

[azguard]

And as they say, with he increase in demand and so thus the users, is Bitcoin ready for this? Will the Blockchain would be able to accommodate this transactions? We should hope that the Bitcoin user's would take it slowly with regards of its current capability because if it will shoot incredibly high that is beyond what it is capable then it might as well trigger the fall ofBitcoin.

- Bitcoin is ready
- Blockchain can accommodate this transactions
- Current capability (1 mb per block) can be enough to include all transactions, mempool is full because of spam transactions rather than from legit/normal transactions currently
- Segwit and LN will be activated on bitcoin that will increase its capability and will provide cheaper and faster confirmation in future so i don't think there will be any panic regarding unconfirmed transaction in future.

I hope the developers will act soon rather than later. These transaction issues will just hinder the mainstream adoption. $1 in transaction fees for sending 10 bucks doesnt sounds great..

I think if they fixed the transaction fees and the speed of transactions, the price would be much higher than it currently is. All of these new people coming in are going to see how long it takes to send Bitcoin with the current times and hate it.

This is major issue but if solved very fast and to increase speed then we will withes new age of money for sure image that. For me it will like in star trek or something, just kidding on this.
Major players involving in this like Japan who is one of big tech countries, India is rumored to be next one and no talks about China at all, which is little strange by me, hoped they will be in this to be among first ones not the last ones, or maybe they are waiting to see how it will be will it be good or bad call.

[ekoice]

We are seeing a slow growth in the Bitcoin and Crypto currency markets over the last few weeks. Japan is the first country where mainstream

adoption might be a reality. We got so used to the bubble bursting that we kinda lost perspective on what might happen when mainstream

adoption is starting. Is this not the signs that more and more NEW people are buying bitcoins on a daily basis?

I think this might just be the start of something huge, and we are still in the most early phase of mainstream adoption. We should check the

fuel and the rockets, because this thing is going to the Moon!!!!!!!!!

next...


$2000
$3000
$4000
$5000
$6000
$7000
$8000
$9000
$10000
$20000
$30000
$40000
$50000

and then.....

$100 000 per bitcoin. Looks like a rocket right?

Very happy if all your assumptions turn into reality.but its a long run.If India joins japan and opens door for bitcoins,then surely bitcoin would not only cross the moon but rather it would start its travel towards mars.

[btcney]

We are seeing a slow growth in the Bitcoin and Crypto currency markets over the last few weeks. Japan is the first country where mainstream

adoption might be a reality. We got so used to the bubble bursting that we kinda lost perspective on what might happen when mainstream

adoption is starting. Is this not the signs that more and more NEW people are buying bitcoins on a daily basis?

I think this might just be the start of something huge, and we are still in the most early phase of mainstream adoption. We should check the

fuel and the rockets, because this thing is going to the Moon!!!!!!!!!

next...


$2000
$3000
$4000
$5000
$6000
$7000
$8000
$9000
$10000
$20000
$30000
$40000
$50000

and then.....

$100 000 per bitcoin. Looks like a rocket right?

it just might be exactly what is coming, it might fly upwards more slowly then planned though. either way it will get there eventually. things that might slow this rocket from launching such as stubborn miners, elitist small groups of bitcoin users trying to manipulate bitcoin without having a right to do so are still getting in bitcoins way though. however, i believe its inevitable that bitcoin will succeed regardless. just wait and see what comes next, and while we are waiting hopefully some geniuses will show there true colors and come up with a solution to at least the current miner problem and hopefully the elitist shithead problem too.

[South Park]

i think the japan thing will turn out to be bigger than we expected, even though i don't think the japanese people are gonna do much with it. the fact that it's now 100% legit there and banks and major companies are looking into exchanges is gonna put a rocket up a few asses elsewhere.

that means the attention won't slow down. it really, really could do with addressing the scaling thing and soon though. there could come a point where hype meets limitations and it all slows down again.

Japan will be big but without any improvements on the network the growth it is going to be limited since there is no way to manage even more transactions since most of the time the network is incredibly busy, so we must do everything we can so a solution to scaling problem gets approved.

[iluvpie60]

This year has great potential certainly. The obviuos problem to solve is segwit and bigger and faster transactions. We need that to happen in next few months. Fees being too high are going to turn normal people away. We need more normal people using it

We are finally getting into mass adoption, need to look attractive to get people in. If segwit happens this year and some other small improvements, i think we will see 3k to 4k by end of year.

If other countries get in and more legal stuff passed maybe 5k to 6k end of year per btc.

[cryp24x]

I do think that bitcoin is yet to launch to the moon yet, this is just a preparation, remember scaling is not fixed yet so bitcoin trying to launch to the moon will definitely fail because of its limitations.  Fix the scalability issue and we can see Bitcoin going to the moon.

[shillfudder]

Yeah, imagine a user who just want to use bitcoins (not like everyone here who bought for the potential profit). His first issue will be the long incomprehensible addresses and then determining the right fees to send which will undoubtably be stuck in limbo for hours - great intro to crypto there.

Paypal or Venmo is better for now.

[pitham1]

I do think that bitcoin is yet to launch to the moon yet, this is just a preparation, remember scaling is not fixed yet so bitcoin trying to launch to the moon will definitely fail because of its limitations.  Fix the scalability issue and we can see Bitcoin going to the moon.

Scaling seems to be an insurmountable problem, but the market is more or less ignoring it now.
Unfortunately, the huge pile up of unconfirmed transactions provides us a constant reminder.

[rajasumi3]

Well according to me ,its the beginning of a new revolution as the price of bitcoins is going high as the mainstream has been adopted by japan.On the other hand if other countries also adopt bitcoins then it is possible that the price of bitcoins will reach the moon in a matter of years.

[azguard]

Well according to me ,its the beginning of a new revolution as the price of bitcoins is going high as the mainstream has been adopted by japan.On the other hand if other countries also adopt bitcoins then it is possible that the price of bitcoins will reach the moon in a matter of years.

Japan made preparation before they fully adopted it so i think that if any country want to do the same will follow Japan example, and they will probably do the same as they. Off course the more countries do this the better then price has to up and it will be good for us all.

[South Park]

I do think that bitcoin is yet to launch to the moon yet, this is just a preparation, remember scaling is not fixed yet so bitcoin trying to launch to the moon will definitely fail because of its limitations.  Fix the scalability issue and we can see Bitcoin going to the moon.

Scaling seems to be an insurmountable problem, but the market is more or less ignoring it now.
Unfortunately, the huge pile up of unconfirmed transactions provides us a constant reminder.

It is not that the market is ignoring it, at this moment bitcoin has not much of a use as a currency most are using bitcoin as a speculative investment, so that is why the market does not seem to care too much about bitcoin not being able to fulfill its main characteristic.

[bettercrypto]

I do think that bitcoin is yet to launch to the moon yet, this is just a preparation, remember scaling is not fixed yet so bitcoin trying to launch to the moon will definitely fail because of its limitations.  Fix the scalability issue and we can see Bitcoin going to the moon.

Scaling seems to be an insurmountable problem, but the market is more or less ignoring it now.
Unfortunately, the huge pile up of unconfirmed transactions provides us a constant reminder.

It is not that the market is ignoring it, at this moment bitcoin has not much of a use as a currency most are using bitcoin as a speculative investment, so that is why the market does not seem to care too much about bitcoin not being able to fulfill its main characteristic.

i think the good news just outweighed the bad news.  The reason for price increase.  I think this is a start for bitcoin voyage towards $5000 this year.  Though I can say there is a small chance but if there are several countries that will follow the step of Japan and Australia then it will be possible.

[davis196]

We still have a few issues which need to get solved before the bitcoin goes mainstream, Like Transaction fees and waiting times which has recently become a issue and You can't expect people to start using bitcoin overnight in their daily life, This is more of a pump which is taking advantage of the Japan Factor. we may hit 2K but there will be price correction happening soon. I am sorry to say this, But this isn't the launching time just yet.

Bitcoin isn`t even close to mainstream,why is everbody here  waiting for a 10K USD price?
Price might reach 3000 USD or might return back to 1000 USD i don`t wanna be too optimistic.
Anyway all the btc speculators are happy right now.

[RoommateAgreement]

i have to admit it is pretty good to see price still up there, i was honestly expecting a big drop or correction and i still am kind of expecting it but it seems like the correction was the $100+ drop and we currently are above the $1700 line, strongly i should add, and this can lead to some good rise and maybe even testing $2000 is not so far away.

but i still think we need SegWit activated if we want to see any big price in a short term. we can simply get to $5000 with it.

[azguard]

Seem we have another country that will follow Japan according to news from https://www.crypto-news.net/bitcoin-to-become-just-like-money-in-australia-on-july-1/?utm_source=pushengage&utm_medium=push_notification&utm_campaign=pushengage

Australian is gonna consider Bitcoin like ordinary currency from July 1, 2017. As mentioned in article link they wont have to pay double tax. So we are on the role for another country besides Japan that will accept BTC, personally didnt expect them to be this soon.

[digaran]

Only the long term hodlers and miners were waiting for this, please stop talking about altcoins because as we can all see they are just pumps and dumps tokens to only benefit the ones holding most of them but every body is free to invest in alts just don't come here whining around that altcoin is scam or I lost my entire life and wealth on some altcoin.

If Bitcoin can't handle the transactions count, the legit ones I mean and fees keep increasing only a few hundreds will stay in it and most of the users will migrate to alts.
Miners are sending people away from Bitcoin intentionally to make it more exclusive and push for $10,000/BTC idea all long.

[KenR]

Only the long term hodlers and miners were waiting for this, please stop talking about altcoins because as we can all see they are just pumps and dumps tokens to only benefit the ones holding most of them but every body is free to invest in alts just don't come here whining around that altcoin is scam or I lost my entire life and wealth on some altcoin.

Not all.I'm a bitcoin lover but when it comes to technical specifications,I do believe bitcoin lacks a few perks provided by other alts like monero and LTC.It doesn't make those coins any better than btc,it's subjective.Not every coin is about pumps,some do have potential and a bright future.

If Bitcoin can't handle the transactions count, the legit ones I mean and fees keep increasing only a few hundreds will stay in it and most of the users will migrate to alts.
Miners are sending people away from Bitcoin intentionally to make it more exclusive and push for $10,000/BTC idea all long.

Doesn't make sense.If miners are pushing away people from using bitcoins,how'd they profit ? And decrease in the number of bitcoin users is not a good sign.Flawed Logic.