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Author Topic: Bitcoin: Rising or Falling?  (Read 1823 times)
levancov
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December 15, 2017, 06:57:55 AM
 #61

Friends,
Try to literally understand the depth of my words as to what I tried to say here. This is not a speculative topic at all, so all those speculators please stay away from this thread.
In my opinion, bitcoin is a natural transition to the era of the digital economy, after some time, bitcoin will disappear or transform beyond recognition, but it will do its historical work, it will become the basis for new technologies.
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Kingigolo
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December 15, 2017, 07:41:30 AM
 #62

Why is by just mooning while ethereum is having a pullback?
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December 15, 2017, 08:31:16 AM
 #63

I join bitcoin recently.... and i am enjoying it. Regretting when i did join when it was merely a few dollars Grin. But we are here today. with time bitcoin will find solution to it's problem and i think they have already. Let's how next will be for bitcoin.

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December 15, 2017, 08:32:21 AM
 #64

I think bitcoin will continue to increase as people around the world begin to know and invest in it. and today many companies are developing bitcoins. so I would say bitcoin will go up

While there is a demand for bitcoins, there will always be a supply.
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December 15, 2017, 09:07:36 AM
 #65

You know, mining is many. There are large farms, small farms, in the truest sense of the word farms. Farmers raise livestock, cryptocurrency, because they have, for example, private wind turbines or small hydroelectric. This is a widespread trend.The number of people employed in the industry of cryptocurrencies is constantly increasing , this is followed by a conclusion by the end of 2017 prices will soar to the heavens.BTC
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December 15, 2017, 11:55:50 AM
 #66

I think the future of bitcoin should be a foundation  for many application chains.

Bitcoin shouldn't always be treated as a currency, actually it can't replace the legal moneys system.  But we can set up a new blockchains world base on the expensive bitcoin chain.
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December 15, 2017, 01:13:24 PM
 #67

The following trends have a positive impact on the price of btc:

- greater demand led by new investors and speculators

- more use cases as more spartups launch their blockchain products
 
- rsk rollout could generate further demand

- lighting network should boost confidence and provide some answers to those who doubt

Here are the negative signals:

- growing fear of governments could lead to further bans

- scams and hacking can put people off

- scalability and efficiency issues if not resolved early enough

Greetings From zurich
kaar
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December 15, 2017, 03:59:55 PM
 #68

To all those who are posting here with their so-called "SPECULATIONS", I guess they are illiterate enough not to read the whole OP and just posting that it will go up and rise and go to 20k or 100k or blah blah!

Do you guys even know what are you talking about? And what did I say here?

I am saying that the issues are not resolving and we need a solution as when some day, after the whole world adopts and uses Bitcoins, do you really think you will be able to cope up even with the size of blockchain? And what about the total unconfirmed transactions? This is what I want a solution for, and not what you guys are saying.

Do you see one thing here?

Let me show you one scenario quoting 2 guys' posts:

Scalability is not an issue if BTC is used as an asset.   Just like gold it has its place in spite of its lack of practical daily use.

This one looks quite reasonable because I am seeing altcoins' usage being increased as people are just using them as a medium to sell their "Bitcoins" through alts that possess least fees. You know, I sold my Bitcoins via DGB and the trader made more than 30% on it as when I bought DGB and sold them, it was at 90 and the day I sold the trader, he made over 30% after the pump. So, this clarifies that Bitcoin is not going to be bought too much when it becomes completely unaffordable or an opportunity that slips out of hands.

Well Bitcoin is a currency and can be used to buy almost anything in the internet, while gold is really an asset  but as a mode of payment nobody accepts it.

No, it isn't and you can't use it to buy anything over the internet if you compare the fees that you pay. While with gold, it's not the same as it possess a stable value and you don't need to use it for payment. But, you forgot one thing maybe, that even gold was once used to be a mode of payment as when people used to buy things for Gold pennies - that's called barter trading.

The way I see it the problem with the high fees can go in one of two scenarios:
1. Confirmation times and fees become too high for many people, and they will simply slow or completely stop trading. A decrease in trading volume can make the price to fall down, but the main effect will be shorter confirmation times (less transactions to process) in the short term, and lower fees (as there will be more competition on the transactions between miners) in the long term.
2. Fees become high enough to make it profitable for more people to join into/open new pools. This will increase the computing power on the net and will get the same effects as scenario 1 in short and long term.

Of course there can always be scenario number 3 where too many people get frustrated with the current high price and poor performance of the network, and massively dump their bitcoin. But in my opinion this is less likely to happen. Usually those problems that are caused by people overwhelming the market just solve themselves, as the market tends to balance.

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December 15, 2017, 04:19:26 PM
 #69

It depends completely on what people value the currency as. Since there is a limited amount, owning some Bitcoin will give you a portion of the total. Lets say you own 1 percent of the total. If the Bitcoin economy was buying and selling 1 million dollars a day, your 1 percent is worth 1 percent of that 1 million, or $10,000.
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December 15, 2017, 05:11:07 PM
 #70

In the long time, btc will always rise. It may fall back some 1000$, but on the long term it will always come back and rise further.

Really you think that will fall to 1000$ ? I hope you meant to say 10000$ which may be fair considered the rise all started after it crossed 10k and then the upswing continued and seems it will still continue to some extent before a break out might happen. This year its being the bitcoin year where people across globe now wants to get the hands on it.

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December 15, 2017, 05:38:07 PM
 #71

In the long time, btc will always rise. It may fall back some 1000$, but on the long term it will always come back and rise further.

Really you think that will fall to 1000$ ? I hope you meant to say 10000$ which may be fair considered the rise all started after it crossed 10k and then the upswing continued and seems it will still continue to some extent before a break out might happen. This year its being the bitcoin year where people across globe now wants to get the hands on it.

I don't know, but looking back at the past experiences itcoin's price seems to always drop at the end  and the begining of every year, i mean last year we had the bitcoin go down from 1000$ to 700$, i don't really know the reson behined it but i think that is due to the fact that many poeple are cashing out what they have earned all year long, and i think many people will do the same this year as well so we might witness a slight drop in the price, it surely won't fall to 1000$ like you said, probably arount 12k 13k at max.
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December 15, 2017, 07:04:31 PM
 #72

The way I see it the problem with the high fees can go in one of two scenarios:
1. Confirmation times and fees become too high for many people, and they will simply slow or completely stop trading. A decrease in trading volume can make the price to fall down, but the main effect will be shorter confirmation times (less transactions to process) in the short term, and lower fees (as there will be more competition on the transactions between miners) in the long term.

It's not just going anywhere, it's just that the competitors have already started their games, I really thank God that Bitcoin is still the major chain amongst all those bullshit forks that are just popping up with a simple purpose of making money over noobs. But the problem is, miners should now understand that what they are taking (which is ~ between $10 - $100) is way too far from the actual fee we used to pay before, and i.e.; $0.1 - $1.
It's not like trading will stop, but people are now bound to wait more and then make a better amount in terms of coins to trade (so to satisfy their mind by paying a fee for two transactions in just one by combining both of them). But as said, miners should adjust the fee structure else the time is not too far for everyone switching to some alts to satisfy their needs and Bitcoin will only remain there as an asset (which it already is), but will be seen as something not worth to be invested in due to these issues.

Quote
2. Fees become high enough to make it profitable for more people to join into/open new pools. This will increase the computing power on the net and will get the same effects as scenario 1 in short and long term.

Become? They are already too much high. Compare to previous times and check now, we now pay more than 1000% over fees too, are we here for the same? I understand that the computational power that Bitcoin takes, needs higher returns too for the miners in order to continue mining, but still if all this and majorly, halving is considered, I believe that the maximum we should currently pay in fees must be not more than $2 (taking $1 as previous fees) because $0.5 was normal when miners were getting 50 BTC rewards and now, after the second halving, they get 12.5. What's more important to them? BTC or fiat?

Quote
Of course there can always be scenario number 3 where too many people get frustrated with the current high price and poor performance of the network, and massively dump their bitcoin. But in my opinion this is less likely to happen. Usually those problems that are caused by people overwhelming the market just solve themselves, as the market tends to balance.

Not in this case, because it's completely based on the tendency as well as intentions of mining community. You said correctly that people might leave because of the fees but dumping their coins is actually not going to happen as they know what they have invested in.

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December 16, 2017, 08:21:28 PM
 #73

I think its clear that the value of bitcoin is rising due to the influx of positive headlines regarding BTC as an investment opportunity.

There are hordes of new investors jumping on BTC, this is obvious as the backlog of transactions is currently insane, with even high fee transactions taking hours to confirm.

Jump in now, or regret it when it hits $20k.
We are still at the begining. There are issues that bitcoin community needs to solve - transaction speed, max number of transactions as there would be more and more people joining bitcoin on its rise up. It follows the exponential growt of social networks. I suppose we will run over 20k USD soon and in first months of 2018 we would get to 27k USD, end of year 2018 - 50k USD definitely possible. And with the lighting network and improvements, the growth momentum will pick up even more speed.
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December 17, 2017, 02:29:11 AM
 #74

Based on my intuition and news around bitcoin as of late, IT IS soon to fall! For investors are looking now for a realistic thing to gain profit from, and if the number of users and uses of bitcoin in our daily lives does not increase,  it is only expected that the price of the commodity itself will fall.


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December 17, 2017, 04:08:41 AM
 #75

Nobody can really know what the future of bitcoin and altcoin will hold or can we?
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December 17, 2017, 04:09:22 AM
 #76

As of right now, bitcoins are undeniably rising. Throughout the years, bitcoins have continued to grow in price, which may have been because of the rising popularity of bitcoin.
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December 17, 2017, 12:45:08 PM
 #77

Are we near to a new era or an end?
I guess its close to a new era in a sense that BTC is more and more seen as an investment rather than a currency. It could of course be the case that this will end at some point but I think that BTC will establish itself more and more as a investment like gold (with a higher risk associated to it).
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December 17, 2017, 01:45:14 PM
 #78

Bitcoin now is very popular even in schools, some students are joining bitcoin.
As the popularity of bitcoin growing the price of it is also growin.
Its price now is still increasing and thats what makes bitcoin more popular, and more profitable.
But still no one can predict what bitcoin price will be in the future, so you better enjoy it now.

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December 17, 2017, 02:02:45 PM
 #79

It's definitely rising just look at the conversion rate. It's astonishing!
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December 17, 2017, 02:18:23 PM
 #80

As of right now, bitcoins are undeniably rising. Throughout the years, bitcoins have continued to grow in price, which may have been because of the rising popularity of bitcoin.

Absolutely.  Bitcoin price right now is very high.  It reached million in oir money if you convert usd to our currency.  So bitcoin is rising.  Even it falls it will continue to goes up and that is why there are many people who are kind of regretting that they do not inbest with bitcoin.

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