For me it's very simple. I used paypal for years, several times. 5 years ago I heard about Bitcoin and never used paypal again. Not even once.
Why? I don't see Bitcoin as an alternative to paypal. If this is the case it is massively overvalued. Bitcoin is an alternative to country backed currencies.
Paypal is a service provider. Paypal could in theory add cryptocurrencies to its services.
Yes and no. Bitcoin and cryptocurrency in general is too open that they can go to near-zero in any day. Imo the price now is too speculative, we don't yet see mass adoption and the market cap already spikes higher than most of the companies and assets.
No way it will go near Zero. So many people would hoover up before it got anywhere near that low. I would says $3,000 would be the bottom.
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Re: Bitcoin could hit $50,000 by end of 2018?
by
JPCain
on 22/02/2018, 10:14:40 UTC
I dont think futures trading helps. When huge volumes are being traded large quantities can be bought up. The futures market can be shorted and then they can sell off their BTC. A huge pump and dump.
I do expect BTC to be much higher by end of Q2 though. Each time the price drops and recovers it will give confidence to the buyers. I think some of the alts my not recover though.
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Re: BITCOIN : Oppotunity Or Challenge?
by
JPCain
on 21/02/2018, 21:49:27 UTC
I look at Bitcoin and cryptos for that matter against percentage of circulating currency. It is massively under valued now for it's potential so it has to be an opportunity.
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Re: Lightning Network Centralizied?
by
JPCain
on 14/02/2018, 22:10:43 UTC
For me calling this centralisation is just FUD. Often targeted by BCH supporters who won't be able to utilise lightning network.
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Bitcoin on Panrama for UK
by
JPCain
on 11/02/2018, 19:12:41 UTC
Panorama inestigates Bitcoin tomorrow on BBC One at 20:30. Doubt it will be positive but will go out to a lot of viewers.
Just a heads up for those who have BBC
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Re: Is it too late? (To buy Bitcoin now)
by
JPCain
on 11/02/2018, 08:39:05 UTC
It's just very present in the media. Imagine if they reported on every scam and hack on people's USD or GBP.
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Re: Only 9300 unconfirmed transactions today
by
JPCain
on 08/02/2018, 15:40:39 UTC
Bitcoin is in as stronger place as its been for a while. Some great developments in the background weak hands have sold.
For me the only risk is the value of the Crypto Market Cap. Whales could buy up and control the market for the foreseeable future
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Re: Positive news from US CFTC
by
JPCain
on 06/02/2018, 22:45:14 UTC
This a been a chance for people who felt it was too high 2 months ago to get involved now.
Anyone who hasn't got involved now never would have. They will soon be saying "I was going to get in But was just waiting for...."
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Does the Crypto Market need to pull together?
by
JPCain
on 05/02/2018, 16:57:52 UTC
There's a lot of hate between different Coins in the Crypto market. There is enough FUD without other currencies creating any between themselves.
One that jumps to mind is BTC/BCH.
I think that the whole market needs to pull together to disprove a lot of the nonsense that is posted about the market.
What are peoples thoughts. Is Coin to Coin rivalries killing crypto?
There are lots of alternatives for anonymity though. Monero, Verge. DeepOnion etc. I do see a place for these coins. The argument against is you can transfer crpto into these coins when you want anonymity but then why not use as a store as well.
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Re: Dispel unnecessary panic about bitcoin
by
JPCain
on 31/01/2018, 07:45:50 UTC
I think most people on this forum back the crypto market. I think the sellers are elsewhere.
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Re: Bitcoin supply and demand.
by
JPCain
on 30/01/2018, 12:02:42 UTC
Does anyone know the true amount of BTC circulating after your remove any Idle BTC?
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Re: Bitcoin Lightning Update
by
JPCain
on 30/01/2018, 07:47:10 UTC
When do people think LN will be rolled out. I've heard couple of months, I've heard 6 months and I've also heard not this year.
Anyone got an idea as the likely announcement.
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Re: No future for bitcoin
by
JPCain
on 29/01/2018, 08:15:24 UTC
In my opinion it will take a lot to dethrown Bitcoin. Even if Bitcoin doesn't have the market cap it will still be the one that's talked about.
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Re: Bitcoin prices
by
JPCain
on 25/01/2018, 10:47:28 UTC
The thing with Bitcoin or any Crypto is that it needs more people buying than selling to move the price. There will always be a handful of people that will never sell. Eask hands sell first and they will be out now. There will be a lot more people holding and buying now. Anyone that was going to sell to get out of Crypto for good will have surely gone now.
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Re: You can buy KFC chicken by Bitcoin
by
JPCain
on 24/01/2018, 09:36:28 UTC
With it being a franchise model I suppose it will be mostly down to individual franchisees. I wouldn't get to excited about this. If it was a big e-commerce player then that would be news but this is no different to a corner shop accepting bitcoin.
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Re: What makes Bitcoin different from alt coins?
by
JPCain
on 24/01/2018, 08:44:16 UTC
I think the main thing is that people invested in cryptos are knowledgable about alts. The majority only talk about Bitcoin.
We all have seen a huge drop in cryptos over the last few weeks but the media only talks about Bitcoin.
You could argue ripple overtook bitcoins market cap if you take into consideration total supply.