Lucacrebbe (OP)
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November 02, 2017, 05:58:43 AM Last edit: November 02, 2017, 06:31:40 AM by Lucacrebbe |
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Guys can I explain my considerations?
I see some of you saying: ''invest into bitcoin for the next 10 years, invest your pension funds...''
This for me is ridicolous, a pension fund all in bitcoin.
Let me clarify THIS: THE COMPANIES HAVE ALREADY KNOWN that the blockchain tecno is somenthing REALLY PROMISUING and good for their profits and they ARE WORKING TO CREATE THEIR OWN BLOCKCHAINS (SIDE-CHAINS)
Because they don't want to depend on the Bitcoin blockchain that is full of bugs, with scaling problems and that you must wait 30 minuts for a block to be verified.
So let me clarify this: Bitcoin is a simbolic progress of internet, but will die for sure. You don't have to see the price now, it can go even to 1 million, but it's extremly risky to invest in a such bubble.
Bitcoin will remain as a ''simbolic progress of internet'' and will stabilize itself at the price of 1000$ in the next years (then I predict it will disappear)
Because copanies are working on their own side-chains. IN the future you won't need bitcoin to buy ALTS (look at waves dex)
So I think, it's wiser to stop promoting a bubble. Please.
Mark this post, the time will get me right. maybe the bubble can go even to 50k in the next 3-4 years, then it will die. And it will crash so heavly that the last investitors will be ruined from bitcoin if they will be stupid enough to invest in bitcoin at 30'000 or things like that
The future IS IN THE PROJECTS WITH THEIR OWN SIDE-CHAINS THAT CAN WORK ALONG SIDE WITH BIG COMPANIES AND DO NOT RELATE TO THE BITCOIN CORE blockchain (Hello, stratis, hello waves, hello ethereum)
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krazy89
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November 02, 2017, 06:34:28 AM |
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2018 is the year for Blockchains , no wonder.
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junoreactor
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November 02, 2017, 07:14:42 AM |
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Well I hope you are wrong, but I can understand where you are coming from. Hopefully banks don't create their own cryptos one day, it would hurt Bitcoin in the long term. In the end, it is the people who can make the difference. I personally trust Bitcoin and hope more and more do too.
Like you said, I don't think we should worry too much in the next 3 or 4 years. No one can make predictions after that. My personal opinion is that Bitcoin's golden age will be in 2020.
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Lucacrebbe (OP)
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November 02, 2017, 07:49:32 AM |
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Well I hope you are wrong, but I can understand where you are coming from. Hopefully banks don't create their own cryptos one day, it would hurt Bitcoin in the long term. In the end, it is the people who can make the difference. I personally trust Bitcoin and hope more and more do too.
Like you said, I don't think we should worry too much in the next 3 or 4 years. No one can make predictions after that. My personal opinion is that Bitcoin's golden age will be in 2020.
bitcoin golden age is now. enjoy an eventually x4 and then DUMP, and do not forget that if you hold too much (BIG BAG) it's difficult to sell when the price will dramatically drop.
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treather
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November 02, 2017, 07:52:56 AM |
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Well I hope you are wrong, but I can understand where you are coming from. Hopefully banks don't create their own cryptos one day, it would hurt Bitcoin in the long term. In the end, it is the people who can make the difference. I personally trust Bitcoin and hope more and more do too.
Like you said, I don't think we should worry too much in the next 3 or 4 years. No one can make predictions after that. My personal opinion is that Bitcoin's golden age will be in 2020.
Wishful thinking my friend, the banks already have developed their own blockchains and are good to go, expect them rolled out in different guises. Will it be bad for bitcoin? We will find out in due time.
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junoreactor
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November 02, 2017, 07:56:49 AM |
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Well I hope you are wrong, but I can understand where you are coming from. Hopefully banks don't create their own cryptos one day, it would hurt Bitcoin in the long term. In the end, it is the people who can make the difference. I personally trust Bitcoin and hope more and more do too.
Like you said, I don't think we should worry too much in the next 3 or 4 years. No one can make predictions after that. My personal opinion is that Bitcoin's golden age will be in 2020.
Wishful thinking my friend, the banks already have developed their own blockchains and are good to go, expect them rolled out in different guises. Will it be bad for bitcoin? We will find out in due time. Have they created their own currency though? @Lucacrebbe golden age, disagree, not yet, way too many people still don't know (and don't understand) what Bitcoin is...
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Lucacrebbe (OP)
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November 02, 2017, 08:24:40 AM |
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@Lucacrebbe golden age, disagree, not yet, way too many people still don't know (and don't understand) what Bitcoin is...
Think about it: For example I don't know about some aliens living on a planet x in the universe. And I will never know about them They exist, I will never know them because they are so far from me. The same thing we can say about bitcoin. The ''normal people'' want easy things, they will never start messing around with wallets and hashes. They will use Paypal and banks forever So I SCREAM to the world: FOCUSE your attention on valuable PROJECTS, BECAUSE THE BLOCKCHAIN TECNO is VALUABLE, AND SOME PROJECTS can have real world USAGE FOR SOME COMPANIES.
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Dalmar
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November 02, 2017, 08:32:40 AM |
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2018 is the year for Blockchains , no wonder.
With this argument i can show you other good alternatives on internet. For example equihash tecnology has potential to compete with blokcchain. Bitcoin is gold of future without any doubt. We all know the suply is limited for bitcoin and circulation will decrease after last mined bitcoin.
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Cnut237
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November 02, 2017, 08:38:43 AM |
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PErsonally I think bitcoin will survive and prosper and the value will continue to increase over the years. However it does make sense to never go 'all in' on one thing, so even if bitcoin rises steadily it is prudent to not bet everything on this one coin or on cryptocoins generally. We make educated guesses about cryptocoins but it is still effectively gambling.
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junoreactor
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November 02, 2017, 08:41:21 AM |
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PErsonally I think bitcoin will survive and prosper and the value will continue to increase over the years. However it does make sense to never go 'all in' on one thing, so even if bitcoin rises steadily it is prudent to not bet everything on this one coin or on cryptocoins generally. We make educated guesses about cryptocoins but it is still effectively gambling.
We had this discussion many times before, the biggest risk for Bitcoin is that all world wide governments rule it to make it officially illegal. Is it a possible scenario? Yes I think it is. But still long odds for now. If such a scenario comes true, Bitcoin will not disappear but will remain underground and the value will obviously drop massively.
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naclio
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November 02, 2017, 08:54:33 AM |
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Too much money to make it illegal.
We are already tradings in investment banks and we accept futures in Chicago
It is my opinion
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Herlina
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Decentralized Digital Billboards
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November 02, 2017, 09:15:12 AM Last edit: November 02, 2017, 09:26:22 AM by Herlina |
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Guys can I explain my considerations?
I see some of you saying: ''invest into bitcoin for the next 10 years, invest your pension funds...''
This for me is ridicolous, a pension fund all in bitcoin.
Let me clarify THIS: THE COMPANIES HAVE ALREADY KNOWN that the blockchain tecno is somenthing REALLY PROMISUING and good for their profits and they ARE WORKING TO CREATE THEIR OWN BLOCKCHAINS (SIDE-CHAINS)
Because they don't want to depend on the Bitcoin blockchain that is full of bugs, with scaling problems and that you must wait 30 minuts for a block to be verified.
So let me clarify this: Bitcoin is a simbolic progress of internet, but will die for sure. You don't have to see the price now, it can go even to 1 million, but it's extremly risky to invest in a such bubble.
Bitcoin will remain as a ''simbolic progress of internet'' and will stabilize itself at the price of 1000$ in the next years (then I predict it will disappear)
Because copanies are working on their own side-chains. IN the future you won't need bitcoin to buy ALTS (look at waves dex)
So I think, it's wiser to stop promoting a bubble. Please.
Mark this post, the time will get me right. maybe the bubble can go even to 50k in the next 3-4 years, then it will die. And it will crash so heavly that the last investitors will be ruined from bitcoin if they will be stupid enough to invest in bitcoin at 30'000 or things like that
The future IS IN THE PROJECTS WITH THEIR OWN SIDE-CHAINS THAT CAN WORK ALONG SIDE WITH BIG COMPANIES AND DO NOT RELATE TO THE BITCOIN CORE blockchain (Hello, stratis, hello waves, hello ethereum)
I appreciate your opinion and lately I think the same thing, however I am still hold my Bitcoin for a few years while looking for a great alternative to my investment. We will not know what will happen in the future but we can make the best decisions and prepare ourselves in the various conditions that will come in cryptocurrency investment.
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Monkey1
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November 02, 2017, 09:25:58 AM |
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Blockchain technology is a topic that all countries are interested in. But BTC does not look very positive. States are only in pursuit of technology.
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naclio
Member
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Activity: 74
Merit: 10
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November 02, 2017, 10:09:44 AM |
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Bitcoin is a deflationary currency, it is great at a time when governments are printing money as paper advertising
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Endikadija
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November 02, 2017, 10:13:46 AM |
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Blockchain technology is a topic that all countries are interested in. But BTC does not look very positive. States are only in pursuit of technology.
At least some people in wallstreet were saying about the bitcoin can be considered as another good investment rather than gold or even fiat money. With the limit supply and that makes sense to see to the bitcoi become an investment.
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cryptolit
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November 02, 2017, 10:25:29 AM |
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PErsonally I think bitcoin will survive and prosper and the value will continue to increase over the years. However it does make sense to never go 'all in' on one thing, so even if bitcoin rises steadily it is prudent to not bet everything on this one coin or on cryptocoins generally. We make educated guesses about cryptocoins but it is still effectively gambling.
We had this discussion many times before, the biggest risk for Bitcoin is that all world wide governments rule it to make it officially illegal. Is it a possible scenario? Yes I think it is. But still long odds for now. If such a scenario comes true, Bitcoin will not disappear but will remain underground and the value will obviously drop massively. I don't think it's likely to be ruled illegal by all governments. Estonia and Catalonia are already looking into creating their own digital currency.
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Lucacrebbe (OP)
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November 02, 2017, 10:43:45 AM Last edit: November 02, 2017, 10:54:26 AM by Lucacrebbe |
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I don't think it's likely to be ruled illegal by all governments. Estonia and Catalonia are already looking into creating their own digital currency.
Oh my god IMAGINE IF THE GOVERNAMENTS REGULATE IT (not declaring it illegal) For god, you guys don't know the rule of risk/reward Let's suppose I have 10k to invest and I invest them in Bitcoin hoping for a x10 in the next 10 years OK. Let's immagine it makes a x4 and then suddenly regulated and the price came back to 300$ (IT CAN HAPPEN, IT'S ONLY A BUBBLE, IT CAN HAPPEN) I would have lose 10k in a ''puff'' CAN YOU UNDERSTAND THIS OR I AM TOO SMART TO UNDERSTAND THIS SIMPLE RISK/REWARD RULE ? ? Ok. Let's make another example now Let's suppose I have 1k and I put it all in some proisuing altcoin Let's suppose by the hype or thanks to the final product I can make a x10 in the next year. I will have 10k If not I will lose only 1 k RISK/REWARD DO YOU UNDERSTAND THIS? OR IS IT TOO DIFFICULT? SO IN BITCOIN I WOULD PUT ONLY 300$ AS HEDGE.
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Text
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November 02, 2017, 11:03:35 AM |
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All I can say is, only time will tell indeed. We don't know and no one really knows when bitcoin will die like what OP is explaining. I got you, you are just worrying to the people might get loss. Well it is part of the investment. For me, I am just enjoying what I have now and what technology I'm in, I have my own decisions how I manage my money.
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coin_1122
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November 02, 2017, 11:21:18 AM |
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Offcourse many companies are developing the blockchain tech but the thing they cannot create another Bitcoin like this which has already proved in the market. Everyone is developing their Blockchain for their companies growth at the same time Bitcoin value is also increasing with the growth of Blockchain developing.
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