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sanadas
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May 30, 2016, 07:26:11 AM |
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The value of Bitcoin is now quite stable and that is not that bad but the most people are hoping that the value will be more worth soon so they can also have more money.
But the reach a higher value it will really takes a long time until you can have a lot of profit with it,
I have different opinion. I just wish the bitcoin price rises only 1% a month. The stability will make it useful. If it is so stable, the price will be much higher. I think it is better to rise 1% a week instead of a months. 1% increase on average a week is even better. For the last 6 years, the average increase is more than 1% a week. |
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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zimmah
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May 30, 2016, 09:21:41 AM |
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one of the main reasons is, there are 7.4 billion people in the world, and there's several trillions of dollars on the world but there will only ever be 21 million bitcoin.
Currently there's 15 million bitcoin.
So, if we divide all bitcoin evenly over 7.4 billion people that means that every person will have 0.00283783 bitcoin on average.
That's a tiny amount of bitcoin.
Of course, if bitcoin would still only be worth $500 than most people could easily buy 1, 10 or even 100 or 1000 bitcoin.
But there's not enough bitcoin for everyone to have 1, 10, 100 or 1000 bitcoin, only a few people can have that many, and the rest will have to do with 1/1000th of a bitcoin or less.
So therefore, 1 bitcoin has to be so massively expensive that most people will not be able to afford one in their lifetime
that is of course assuming that bitcoin will be used by everyone eventually.
But even if bitcoin will only be used by 1% of the worlds population that that still means that bitcoin will reach high amount, just not as high as it would otherwise (still easily $10,000)
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zimmah
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May 30, 2016, 09:25:10 AM |
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People who say that Bitcoin can reach $1 million per coin at some poin in the future are not being realistic. They keep fooling themselfs. I think anything between $1000-$5000 is surely possible. Especially when Bitcoin is getting used as an investment tool by institutional investors. These guys have the money to move Bitcoin beyond what we think is possible. Without them we'll probably keep sitting below $5000 for ever. We only need Bitcoin to gain more popularity among average joe people as being a currency and an investment tool. The rest will go automatically.
Bitcoin is controlled by a Chinese cabal. They have Bitcoin stitched right up in terms of mining capacity and in terms of control of Bitcoin 'wealth', Satoshi's coin stash notwitstanding. If Western institutions pile into Bitcoin, then they are piling into Chinaman's business and enriching Chinaman. If Western Institutions are eager to make use of 'blockchain' technology, then there are plenty other alternatives that they could turn to other than hyper expensive, bloated, and lets face it, very slow Bitcoin. Bitcoin goes up, when the Chinese whales decide to pump it. Bitcoin goes down, when they decide to dump it. Bitcoin's only advantage over existing means of electronic payment, is in it's ability to avoid government capital controls. If Bitcoin is going to hit new ATHs, it aint gonna be institutional investors coming into the frame, it is going to be an increase in demand due ton Capital Flight (probably from China), and the Chinese Bitcoin Cowboys ramping Bitcoin into the stratosphere to ensure that the Capital Flightees pay top dollar for their Bitcoin. Thus Joe Bitcoiner hopes to get rich on the back of economic chaos and mass suffering in the most populated nation on the face of the Earth. And indeed, one should never underestimate the avalanche effect of mass public greed, which is why the old adage of the majority always losing holds true. The majority who invest money in a vacuos asset like Bitcoin are certain to lose and those who win or hope to win are exploiting the stupidty of other humans, whilst neither creating nor offering anything of value in exchange for their profit. The very definition of a 'rat race'. you're forgetting that bitcoin is starting to get widely used all over the world, and those investors are sure as hell not going to want to miss the boat and let "chinamen" have all the bitcoins. |
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sanadas
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May 31, 2016, 08:27:59 AM |
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People who say that Bitcoin can reach $1 million per coin at some poin in the future are not being realistic. They keep fooling themselfs. I think anything between $1000-$5000 is surely possible. Especially when Bitcoin is getting used as an investment tool by institutional investors. These guys have the money to move Bitcoin beyond what we think is possible. Without them we'll probably keep sitting below $5000 for ever. We only need Bitcoin to gain more popularity among average joe people as being a currency and an investment tool. The rest will go automatically.
Bitcoin is controlled by a Chinese cabal. They have Bitcoin stitched right up in terms of mining capacity and in terms of control of Bitcoin 'wealth', Satoshi's coin stash notwitstanding. If Western institutions pile into Bitcoin, then they are piling into Chinaman's business and enriching Chinaman. If Western Institutions are eager to make use of 'blockchain' technology, then there are plenty other alternatives that they could turn to other than hyper expensive, bloated, and lets face it, very slow Bitcoin. Bitcoin goes up, when the Chinese whales decide to pump it. Bitcoin goes down, when they decide to dump it. Bitcoin's only advantage over existing means of electronic payment, is in it's ability to avoid government capital controls. If Bitcoin is going to hit new ATHs, it aint gonna be institutional investors coming into the frame, it is going to be an increase in demand due ton Capital Flight (probably from China), and the Chinese Bitcoin Cowboys ramping Bitcoin into the stratosphere to ensure that the Capital Flightees pay top dollar for their Bitcoin. Thus Joe Bitcoiner hopes to get rich on the back of economic chaos and mass suffering in the most populated nation on the face of the Earth. And indeed, one should never underestimate the avalanche effect of mass public greed, which is why the old adage of the majority always losing holds true. The majority who invest money in a vacuos asset like Bitcoin are certain to lose and those who win or hope to win are exploiting the stupidty of other humans, whilst neither creating nor offering anything of value in exchange for their profit. The very definition of a 'rat race'. you're forgetting that bitcoin is starting to get widely used all over the world, and those investors are sure as hell not going to want to miss the boat and let "chinamen" have all the bitcoins. I think the bitcoin usage is not widely at the moment. But the adoption is increasing all the time. |
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RoseMann
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June 05, 2016, 02:41:51 PM |
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People who say that Bitcoin can reach $1 million per coin at some poin in the future are not being realistic. They keep fooling themselfs. I think anything between $1000-$5000 is surely possible. Especially when Bitcoin is getting used as an investment tool by institutional investors. These guys have the money to move Bitcoin beyond what we think is possible. Without them we'll probably keep sitting below $5000 for ever. We only need Bitcoin to gain more popularity among average joe people as being a currency and an investment tool. The rest will go automatically.
Bitcoin is controlled by a Chinese cabal. They have Bitcoin stitched right up in terms of mining capacity and in terms of control of Bitcoin 'wealth', Satoshi's coin stash notwitstanding. If Western institutions pile into Bitcoin, then they are piling into Chinaman's business and enriching Chinaman. If Western Institutions are eager to make use of 'blockchain' technology, then there are plenty other alternatives that they could turn to other than hyper expensive, bloated, and lets face it, very slow Bitcoin. Bitcoin goes up, when the Chinese whales decide to pump it. Bitcoin goes down, when they decide to dump it. Bitcoin's only advantage over existing means of electronic payment, is in it's ability to avoid government capital controls. If Bitcoin is going to hit new ATHs, it aint gonna be institutional investors coming into the frame, it is going to be an increase in demand due ton Capital Flight (probably from China), and the Chinese Bitcoin Cowboys ramping Bitcoin into the stratosphere to ensure that the Capital Flightees pay top dollar for their Bitcoin. Thus Joe Bitcoiner hopes to get rich on the back of economic chaos and mass suffering in the most populated nation on the face of the Earth. And indeed, one should never underestimate the avalanche effect of mass public greed, which is why the old adage of the majority always losing holds true. The majority who invest money in a vacuos asset like Bitcoin are certain to lose and those who win or hope to win are exploiting the stupidty of other humans, whilst neither creating nor offering anything of value in exchange for their profit. The very definition of a 'rat race'. you're forgetting that bitcoin is starting to get widely used all over the world, and those investors are sure as hell not going to want to miss the boat and let "chinamen" have all the bitcoins. I think the bitcoin usage is not widely at the moment. But the adoption is increasing all the time. The price of bitcoin is an indication of its usage. the more the usage, or the adoption, the higher the price. |
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harizen
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For support ➡️ help.bc.game
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June 05, 2016, 02:59:54 PM |
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The price of bitcoin is an indication of its usage. the more the usage, or the adoption, the higher the price.
Then how can we tell if that increased numbers of usage came from different person? The increase of adoption must came from different persons. It's really increasing as time is passing but today I see no great numbers of adoption. Most of the traders are acquiring more coins at least when there is a chance. Meaning most of stats from active usage came from same person. They just increase their bitcoin numbers on hand. |
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600watt
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Activity: 2338
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June 05, 2016, 03:29:54 PM |
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one of the main reasons is, there are 7.4 billion people in the world, and there's several trillions of dollars on the world but there will only ever be 21 million bitcoin.
Currently there's 15 million bitcoin.
So, if we divide all bitcoin evenly over 7.4 billion people that means that every person will have 0.00283783 bitcoin on average.
That's a tiny amount of bitcoin.
Of course, if bitcoin would still only be worth $500 than most people could easily buy 1, 10 or even 100 or 1000 bitcoin.
But there's not enough bitcoin for everyone to have 1, 10, 100 or 1000 bitcoin, only a few people can have that many, and the rest will have to do with 1/1000th of a bitcoin or less.
So therefore, 1 bitcoin has to be so massively expensive that most people will not be able to afford one in their lifetime
that is of course assuming that bitcoin will be used by everyone eventually.
But even if bitcoin will only be used by 1% of the worlds population that that still means that bitcoin will reach high amount, just not as high as it would otherwise (still easily $10,000)
this. the logic is simple. bitcoin can fail and price could drop, so you lose your invested money. which is a fixed numer. on the other hand bitcoin could succeed. mass adoption event of hyper-internet-monetization epicness is possible. that means hundreds of million or even billion of people will use bitcoin. in order to serve this demand those few million existing bitcoins must improve in orders of magnitude. so the upside of this investment is unpredictibly high. if you ever played poker you know that this bet is almost a no-brainer. if bitcoin succeeds it will be big. |
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sanadas
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June 06, 2016, 07:56:42 AM |
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The price of bitcoin is an indication of its usage. the more the usage, or the adoption, the higher the price.
Then how can we tell if that increased numbers of usage came from different person? The increase of adoption must came from different persons. It's really increasing as time is passing but today I see no great numbers of adoption. Most of the traders are acquiring more coins at least when there is a chance. Meaning most of stats from active usage came from same person. They just increase their bitcoin numbers on hand. Maybe the total number of transactions over certain value could be a good indication. That should exclude the dust transactions. |
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