criptogenious (OP)
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January 06, 2018, 07:21:10 AM |
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Even in the event that the market goes down, Bitcoin remains a safer option than other cryptocurrencies. For the record, this means I am NOT selling Bitcoin at $17k anymore. In the event of a continued cryptocurrency bull run, Bitcoin is well positioned against other cryptocurrencies and could easily see $20k+ soon. What are your thoughts?
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Kakmakr
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January 06, 2018, 07:26:41 AM |
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Most people seem to agree with you, but we should first get the scaling issues out of the way. The developers working on the Lightning Network, should fast track the tweeks on the system and give us the scaling we need to take this to the Moon.
A lot of merchants built with micro payment needs, cannot wait for this to be implemented. ^smile^
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BTCforJoe
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January 06, 2018, 04:00:37 PM |
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Most people seem to agree with you, but we should first get the scaling issues out of the way. The developers working on the Lightning Network, should fast track the tweeks on the system and give us the scaling we need to take this to the Moon.
A lot of merchants built with micro payment needs, cannot wait for this to be implemented. ^smile^
There are still a large number of developers that don't agree with the Lightning Network. We definitely don't have enough on board to get a majority consensus. But because LN is targeted to work off-chain, it will all come down to which merchants and bitcoin users will adapt to it. Payment channels, to me, pose a slight risk to Bitcoin, as we now have to put our trust in companies that are working offchain. They're essentially going to have to bankroll all of the transactions that happen through LN, and we have to trust that those transactions will ultimately verify with the Blockchain. And what types of companies are able to bankroll these channels? Mainly banks. LN introduces a centralized aspect to Bitcoin, and it's going to take a lot of trust by users to adopt it. I think that's always been the issue with LN, and what could potentially hold it from becoming a mainstream solution to the scaling issues. I will say, however, that I still believe that Bitcoin has room to grow, and as the gold standard of crypto, will always hold the top position in the crypto market. At least for the duration of the rest of my lifetime. $25,000? I truly feel that we'll be there well before summer of this year.
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avikz
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January 06, 2018, 04:47:30 PM |
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I somewhat agree with you but not completely. Bitcoin will go even beyond 25k USD but not anytime soon. We need to take care of the scaling issue now. A lot of transactions are pending and the network fees has gone up to an insane level. That is the reason why a lot of investors are moving their funds to other technologically superior coins like ETH, Ripple or Zcash pushing their price to all time high.
The lightenting network is expected to be implemented by the first quarter of 2018 to tackle the scaling issue. Once it is done, bitcoin is expected to go higher. But at the currency situation, I will be happy if bitcoin touches 19k USD.
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duyduc256
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January 06, 2018, 04:54:41 PM |
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Even in the event that the market goes down, Bitcoin remains a safer option than other cryptocurrencies. For the record, this means I am NOT selling Bitcoin at $17k anymore. In the event of a continued cryptocurrency bull run, Bitcoin is well positioned against other cryptocurrencies and could easily see $20k+ soon. What are your thoughts?
The problem is only time and I am sure the price above $ 25,000 is absolutely possible and this will happen in 2018. Right now if you are a long term investor, Bitcoin is always a good choice and will definitely help you make a lot of profits.
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MadaraAvenger
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January 06, 2018, 04:57:44 PM |
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well this is still posible but I don't see it this year tho. I think that 20k$ was the all high for now and the price will just gonna bounce between prices.
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MRN94
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January 06, 2018, 05:00:53 PM |
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Even in the event that the market goes down, Bitcoin remains a safer option than other cryptocurrencies. For the record, this means I am NOT selling Bitcoin at $17k anymore. In the event of a continued cryptocurrency bull run, Bitcoin is well positioned against other cryptocurrencies and could easily see $20k+ soon. What are your thoughts?
Well you're right to some extent. Bitcoin is well positioned considering the market cap it has acquired and the value it has attained during the past year. But if the market goes down, there is a high probability that the price of bitcoin goes down as well. But since more and more people are investing in bitcoin, this seems highly unlikely. During the previous year it did hit the $20,000 mark. This year it is expected to go beyond that mark, considering it does not run into issues like the end of last year which pushed it down to as low as $12,000.
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RawDog
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January 06, 2018, 05:05:10 PM |
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The developers working on the Lightning Network, should fast track the tweeks on the system and give us the scaling we need to take this to the Moon.
The developers of Lightning are bullshitting you just like they have been bullshitting you for over two years now. Lightning is still a million miles away. They promoted 'the first on chain Lightning transaction' with great fanfare because they need to give the community hope. You are going to have to trust me on this if you are too fucking stupid technically to figure it all out. However, Lightning is still a million miles away and won't be real for at least another two years. Are you dumb? Even SegWit is not being adopted yet. SegWit will come way before Lightning. But, adoption remains very low for SegWit.
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RawDog
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January 06, 2018, 05:08:17 PM |
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They're essentially going to have to bankroll all of the transactions that happen through LN, and we have to trust that those transactions will ultimately verify with the Blockchain. And what types of companies are able to bankroll these channels? Mainly banks. LN introduces a centralized aspect to Bitcoin
Winner, winner, chicken dinner. Lightning goes very far against the whole principle of the white paper. It is a total abortion that will be the sure end of bitcoin. But don't worry, you can still buy ETH cheap. ETH will be 20000 by the end of next year. Mark my words.
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Xtra_Coin
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January 06, 2018, 05:09:04 PM |
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In my opinion of $ 25,000 this is not the limit for bitcoin, most likely by the end of 18 years it will be worth it. I'm more interested in how much one Bitcoin will cost when they all get it.
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wireless1889
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January 06, 2018, 05:18:36 PM |
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$25000 ? Can bitcoin does? Its very high actually and now it is stock on last year's value already , a week with a limit movement, from $12000 to $15000. Aside there are so many coins with thousands of percentage increased over a year and not far from how bitcoin did start like ETH. I think it is the year for ETH, BCH and XMR and bitcoin will be stock on its current price.
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neite99
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January 06, 2018, 05:22:02 PM |
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As btc is the main crypto currency and the reserve for the others it is the most stable one and if you are not a risk taker and want profit btc is the optimum investment i believe.
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MinarchistCoin
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January 06, 2018, 05:27:20 PM |
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They're essentially going to have to bankroll all of the transactions that happen through LN, and we have to trust that those transactions will ultimately verify with the Blockchain. And what types of companies are able to bankroll these channels? Mainly banks. LN introduces a centralized aspect to Bitcoin
Winner, winner, chicken dinner. Lightning goes very far against the whole principle of the white paper. It is a total abortion that will be the sure end of bitcoin. But don't worry, you can still buy ETH cheap. ETH will be 20000 by the end of next year. Mark my words. Going by your post history I wouldn't trust a word you say. LOL I mean just look at your "predictions". LOL
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jackhdt
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January 06, 2018, 05:34:46 PM |
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Even in the event that the market goes down, Bitcoin remains a safer option than other cryptocurrencies. For the record, this means I am NOT selling Bitcoin at $17k anymore. In the event of a continued cryptocurrency bull run, Bitcoin is well positioned against other cryptocurrencies and could easily see $20k+ soon. What are your thoughts?
bitcoin has always been in the top position in the cryptocurrency market. So hold bitcoin is certainly the most secure. if you are not a trader, the long-term storage Bitcoin is the safest way. I believe that the number $25000 will come soon Some people mention Lightning Network. I looked through it. look at the positive side, LN helps faster transactions and will help Bitcoin price increases. however there is some risk of application LN.
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cryptodzoni
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January 06, 2018, 05:42:49 PM |
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Everybody is predicting that bitcoin will hit 50k $ by end of 2018, personally I whink it will hit 20k by the end of jan/feb, and it will fluctuate between 20-30k for about 6,7 months. I just think that hype alone will cary this coin.
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lillyann
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January 06, 2018, 05:57:36 PM |
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I saw the forecast for this year BTC is to reach 55k $ at the end of the year. 25k $ should reach in July this year. We must wait for a while ...
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darkangel11
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January 06, 2018, 06:28:14 PM |
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Even in the event that the market goes down, Bitcoin remains a safer option than other cryptocurrencies. For the record, this means I am NOT selling Bitcoin at $17k anymore. In the event of a continued cryptocurrency bull run, Bitcoin is well positioned against other cryptocurrencies and could easily see $20k+ soon. What are your thoughts?
How should we understand this? You're not selling at 17k because you're waiting for 20 to do it? Is that your big plan for your coins? Please, let it break 20k so I can sell and fill my bed with fiat money. I'll buy myself a "bitcoin millionaire" t-shirt when i sell it all for fiat and get myself a lambo, because that's what rich people do, they buy overvalued cars... Signed: yours truly, criptogenious. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fweknowmemes.com%2Fwp-content%2Fuploads%2F2012%2F08%2Fgenius-meme.jpg&t=665&c=4JgQAN4WqHYS4g)
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Itjoker
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January 06, 2018, 06:45:11 PM |
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Why does everyone have fear? Sell their bitcoins. It is extremely stupid now to sell it. Whales just cashing out (correction) and it is normal situation. After all, correction is an integral part of growth. In any case, bitcoin will update its price records. I think in the second half of the next year we will see huge rise of Bitcoin and we'll see 50K$ in 2018.
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Bytem3
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January 06, 2018, 06:50:07 PM |
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Bitcoin is on a good path. It's a bit slow now because of all the alts exploding and new investments going straight to alts instead of Bitcoin but it will for sure reach $25,000+ this year. Bitcoin price increased over 10x last year, I'm sure it can handle 2x this year ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.gyazo.com%2F6de41d5596190d2d410e6dae4cddd189.png&t=665&c=nNLZSRG0scHu6g)
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TeslaWatt.com
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January 06, 2018, 06:51:16 PM |
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Also every year there is less and less bitcoins available. That can push price even more up. By 2040 we won't even have 1 million bitcoins available. http://fortune.com/2017/11/25/lost-bitcoins/
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