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danel
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October 28, 2015, 05:37:19 AM
 #101


Ruble need a couple of years to loose it majority of his value against dollar but have you checked the BTC price it can go upto 1000+ and can come back to 100 within a couple of months.

The market capitalization of bitcoin is still too small. It is still early stage of bitcoin. When bitcoin reaches the market capitalization of 1000 bn, the value will be very stable.

It will be stable even at 100 billion, or when more people will use it. Right now the big players are manipulating the market, once the distributioni s more even, it will have less volatility.

Distribution will never be more even because big time whales will not allow that. Market manipulation will never end.
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October 28, 2015, 06:11:33 AM
 #102

Bitcoin might be stable and be called cryptocurrency king now. But don't forget that ideas and solutions change very fast in the blink of an eye.
Remember Yahoo? It once was the greatest company of modern Internet and then Google came. With bitcoin could be the same.


Yes, do include JDS Uniphase and Cisco Systems as well, both companies were thought to be on the path to becoming the largest companies (by market cap) in the world...

Where is Microsoft now?  Not Number One.  Apple may seem invincible now, but we will see what the future brings.
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October 28, 2015, 08:06:05 AM
 #103

Bitcoin might be stable and be called cryptocurrency king now. But don't forget that ideas and solutions change very fast in the blink of an eye.
Remember Yahoo? It once was the greatest company of modern Internet and then Google came. With bitcoin could be the same.

Bitcoin is stable now?
Its volatility is as high as ever.

it depend how you look at it, we are always in the same value, and in the same range with the same pump

so by this point of view, i consider it stable, because the price is predictable
Mickeyb
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October 28, 2015, 08:35:17 AM
 #104

Bitcoin might be stable and be called cryptocurrency king now. But don't forget that ideas and solutions change very fast in the blink of an eye.
Remember Yahoo? It once was the greatest company of modern Internet and then Google came. With bitcoin could be the same.

Bitcoin is stable now?
Its volatility is as high as ever.

Bitcoin is much more stable this year than ever. It's been in a $200 - $300 range all year long. But Bitcoin is not stable because it grew up. Bitcoin is stable because the bubble deflated and we are actually seeing normal prices this year.

For Bitcoin to become stable and even less volatile, Bitcoin needs to grow and grow a lot. We have only a $4B marketcap. That's nothing. Like someone said on this forum, Uber is worth $56B. When Bitcoin will be worth $400B, trust me, it will be very stable.
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October 28, 2015, 08:54:03 AM
 #105

Bitcoin is stable now?
Its volatility is as high as ever.

How are you measuring volatility? This site uses a pretty standard method (standard deviation of returns over a 30-day period) and its results are about what you'd expect after 9 months of range-trading - BTC/USD volatility is lower than it has been historically.

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Laketear
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October 28, 2015, 04:06:37 PM
 #106

How are you measuring volatility? This site uses a pretty standard method (standard deviation of returns over a 30-day period) and its results are about what you'd expect after 9 months of range-trading - BTC/USD volatility is lower than it has been historically.

The volatility of bitcoin has been low recently compared to the price fluctuation in 2010-2014. The price is picking up steadily.
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October 28, 2015, 04:18:50 PM
 #107


Ruble need a couple of years to loose it majority of his value against dollar but have you checked the BTC price it can go upto 1000+ and can come back to 100 within a couple of months.

The market capitalization of bitcoin is still too small. It is still early stage of bitcoin. When bitcoin reaches the market capitalization of 1000 bn, the value will be very stable.

It will be stable even at 100 billion, or when more people will use it. Right now the big players are manipulating the market, once the distributioni s more even, it will have less volatility.

Distribution will never be more even because big time whales will not allow that. Market manipulation will never end.

Don't be so sure about it. Once big whales with different motives join the game, there will be a war of whales. Big capital vs big capital makes the manipulation way harder than it is now. Big capital, vs big capital, vs millions of small time investors, make it even harder. In the future, the majority of Bitcoin accounts will have less than 1 BTC, all of this market noise and constant worldwide transactions will make manipulation harder. Of course we are still on the early days, by then most people here will be retired if they held a decent amount.

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October 29, 2015, 12:07:36 AM
 #108


Ruble need a couple of years to loose it majority of his value against dollar but have you checked the BTC price it can go upto 1000+ and can come back to 100 within a couple of months.

The market capitalization of bitcoin is still too small. It is still early stage of bitcoin. When bitcoin reaches the market capitalization of 1000 bn, the value will be very stable.

It will be stable even at 100 billion, or when more people will use it. Right now the big players are manipulating the market, once the distributioni s more even, it will have less volatility.

Distribution will never be more even because big time whales will not allow that. Market manipulation will never end.

Don't be so sure about it. Once big whales with different motives join the game, there will be a war of whales. Big capital vs big capital makes the manipulation way harder than it is now. Big capital, vs big capital, vs millions of small time investors, make it even harder. In the future, the majority of Bitcoin accounts will have less than 1 BTC, all of this market noise and constant worldwide transactions will make manipulation harder. Of course we are still on the early days, by then most people here will be retired if they held a decent amount.

Exactly, competition = decentralization.

The true art of capitalism Smiley

Its only when you have a keynesianist printed money market that is distorted, where you have market manipulation.

A true free market will bring competition, and competititon brings decentralization.


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October 29, 2015, 01:56:16 AM
 #109


Ruble need a couple of years to loose it majority of his value against dollar but have you checked the BTC price it can go upto 1000+ and can come back to 100 within a couple of months.

The market capitalization of bitcoin is still too small. It is still early stage of bitcoin. When bitcoin reaches the market capitalization of 1000 bn, the value will be very stable.

It will be stable even at 100 billion, or when more people will use it. Right now the big players are manipulating the market, once the distributioni s more even, it will have less volatility.

Distribution will never be more even because big time whales will not allow that. Market manipulation will never end.

Eventually even their supplies will run dry if they don't have any source of income.

It might take years, decades or centuries, but if they don't contribute anything in exchange for bitcoin, they will eventually run out of Bitcoin.
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October 29, 2015, 02:01:43 AM
 #110

Because it helps us in many ways.
Bitcoin is very useful to us.
So we need to appreciate it before it's too late.
RealBitcoin
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October 29, 2015, 11:05:58 AM
 #111


Ruble need a couple of years to loose it majority of his value against dollar but have you checked the BTC price it can go upto 1000+ and can come back to 100 within a couple of months.

The market capitalization of bitcoin is still too small. It is still early stage of bitcoin. When bitcoin reaches the market capitalization of 1000 bn, the value will be very stable.

It will be stable even at 100 billion, or when more people will use it. Right now the big players are manipulating the market, once the distributioni s more even, it will have less volatility.

Distribution will never be more even because big time whales will not allow that. Market manipulation will never end.

Eventually even their supplies will run dry if they don't have any source of income.

It might take years, decades or centuries, but if they don't contribute anything in exchange for bitcoin, they will eventually run out of Bitcoin.

Or they get richer.

Look I dont care who hold bitcoin, it can be a 70 year old grandmother that discovered mining in 2009, or a wealthy wallstreet-er who invested in 2012.

The point is that no matter who owns it, the mere matter that they own it, makes them superior in financial circles. All the other dumb people will hold bonds and stocks and their money will be gone. The bitcoin wont be.

aubert
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October 29, 2015, 12:04:12 PM
 #112


Ruble need a couple of years to loose it majority of his value against dollar but have you checked the BTC price it can go upto 1000+ and can come back to 100 within a couple of months.

The market capitalization of bitcoin is still too small. It is still early stage of bitcoin. When bitcoin reaches the market capitalization of 1000 bn, the value will be very stable.

It will be stable even at 100 billion, or when more people will use it. Right now the big players are manipulating the market, once the distributioni s more even, it will have less volatility.

Distribution will never be more even because big time whales will not allow that. Market manipulation will never end.
i dont think a big whale or what ever who's can control/manipulate the market are really exist,if they do,then why the price didn't dumped/pumped fastly?

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Q7
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October 29, 2015, 01:50:21 PM
 #113

I think the main driver or factor that will ensure bitcoin will continue to appreciate in value would be that the next generation of people I presume will be more competent and skilled in network and computers and that is where there will be continuation. And furthermore world population is increasing the amount of bitcoin available will not be enough for all. I assume that is also one of the factors.

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October 29, 2015, 04:31:42 PM
 #114

I think the main driver or factor that will ensure bitcoin will continue to appreciate in value would be that the next generation of people I presume will be more competent and skilled in network and computers and that is where there will be continuation. And furthermore world population is increasing the amount of bitcoin available will not be enough for all. I assume that is also one of the factors.

Indeed, there are teens now that are 14 or so and that means that Bitcoin has existed for half of their life. Those people will be the first generation of people that grow up on a Bitcoin world. They will be the ones that will see it as second nature. But as a way to compensate for us being older, we will be ahead of them and we'll hold bigger amounts. Ironically, the older people will also be stuck on their old ways and will not make it, they will never understand it. The guys that are middle aged right now are the ones that will get richer from Bitcoin.

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October 29, 2015, 06:16:09 PM
 #115

i dont think a big whale or what ever who's can control/manipulate the market are really exist,if they do,then why the price didn't dumped/pumped fastly?

The big whale is not a single entity. It can be a collection of wealth groups. When bitcoin is universally accepted, it cannot be controlled or manipulated by a few whales. The competition will be high.
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October 29, 2015, 09:19:10 PM
 #116

I am not very convinced if Bitcoin will appreciate forever for the simple fact that it may be substituted with better technology (coin) in say 10 years from here. That would mean most of the people who now use Bitcoin will slowly move to the new coin. It has not happened yet with altcoins as most of the projects were following bitcoin too closely. But you can't rule it out that we will soon see something capable of dethroning bitcoin and thus start to lose its value.

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zimmah
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October 29, 2015, 10:26:14 PM
 #117


Ruble need a couple of years to loose it majority of his value against dollar but have you checked the BTC price it can go upto 1000+ and can come back to 100 within a couple of months.

The market capitalization of bitcoin is still too small. It is still early stage of bitcoin. When bitcoin reaches the market capitalization of 1000 bn, the value will be very stable.

It will be stable even at 100 billion, or when more people will use it. Right now the big players are manipulating the market, once the distributioni s more even, it will have less volatility.

Distribution will never be more even because big time whales will not allow that. Market manipulation will never end.

Eventually even their supplies will run dry if they don't have any source of income.

It might take years, decades or centuries, but if they don't contribute anything in exchange for bitcoin, they will eventually run out of Bitcoin.

Or they get richer.

Look I dont care who hold bitcoin, it can be a 70 year old grandmother that discovered mining in 2009, or a wealthy wallstreet-er who invested in 2012.

The point is that no matter who owns it, the mere matter that they own it, makes them superior in financial circles. All the other dumb people will hold bonds and stocks and their money will be gone. The bitcoin wont be.


how do they get richer?

if you're just spending bitcoin, not producing anything, nto mining anything, how do you gain more bitcoins? Especially if you already hold a majority of bitcoins?

The rich get richer in fiat just because they are the only ones who can lend money they don't even have, and than charge interest on it. That's why they are so unbelievably rich.

With bitcoin, this scam isn't possible.
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October 29, 2015, 10:29:08 PM
 #118

I am not very convinced if Bitcoin will appreciate forever for the simple fact that it may be substituted with better technology (coin) in say 10 years from here. That would mean most of the people who now use Bitcoin will slowly move to the new coin. It has not happened yet with altcoins as most of the projects were following bitcoin too closely. But you can't rule it out that we will soon see something capable of dethroning bitcoin and thus start to lose its value.


bitcoin is programmable, why move on to the next coin if you can simply upgrade bitcoin?

That's like saying "we have used the internet since the 90's, but in 2020 we will move on to another thing because the internet is outdated technology" No! While we get new browsers and new websites all the time, the internet is evolving, but we don't stop using the internet.

So while we get new apps and new underlying technology all the time, we will still continue using bitcoin!
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October 29, 2015, 10:46:58 PM
 #119

I am not very convinced if Bitcoin will appreciate forever for the simple fact that it may be substituted with better technology (coin) in say 10 years from here. That would mean most of the people who now use Bitcoin will slowly move to the new coin. It has not happened yet with altcoins as most of the projects were following bitcoin too closely. But you can't rule it out that we will soon see something capable of dethroning bitcoin and thus start to lose its value.


bitcoin is programmable, why move on to the next coin if you can simply upgrade bitcoin?

That's like saying "we have used the internet since the 90's, but in 2020 we will move on to another thing because the internet is outdated technology" No! While we get new browsers and new websites all the time, the internet is evolving, but we don't stop using the internet.

So while we get new apps and new underlying technology all the time, we will still continue using bitcoin!
well, you didn't get my point. I am expecting new coin to substitute bitcoin for the same reason why you now use smartphones and tablets and you, probably, still remember how excited you were when you first saw an XT PC (at least I was). I already wrote in my previous post: the change has to be substantial (as substantial was the wide introduction of wireless technologies that enabled user mobility, despite the fixed binding of host-location that was initially devised by the IP protocol) - meaning, a new coin's code has to be written completely from scratch with new functionalities (and  possibly with new approaches in mind) in order not to share the faith of all the altcoins we have nowadays. Why moving and not upgrading? You may keep things backward-compatible, but at one stage the cost of that may become too high in order to stay feasible.

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October 30, 2015, 01:19:20 AM
 #120


how do they get richer?

if you're just spending bitcoin, not producing anything, nto mining anything, how do you gain more bitcoins? Especially if you already hold a majority of bitcoins?

The rich get richer in fiat just because they are the only ones who can lend money they don't even have, and than charge interest on it. That's why they are so unbelievably rich.

With bitcoin, this scam isn't possible.

Trading is a service. You are providing liquidity to the market, and offering the best prices to sell/buy bitcoin, thus lowering the spread.

Traders also take risk for themselves, and lower the risk for the market, the smaller the volatility is the better for merchants and long term holders.

It is the most important service in bitcoin, after mining.


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