and that's what we hope so far, that the increase in BTC prices will have a major impact on some of the other top altcoins. some altcoins are now slowly recovering after the price of bitcoin moved significantly upwards.
Those predictions are very optimistic considering the fact that the economy has been seriously affected by recent related events that are clearly known to everyone.
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Re: Collapse of crude oil prices
by
bit1
on 06/06/2020, 03:26:27 UTC
One thing that strikes me is that derivatives such as gasoline were not affected by a decrease in prices, as a consequence of such collapse.
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Re: [OPEN SLOTS] ChipMixer Signature Campaign | Sr Member+ | Up to 0.0375 BTC/w
by
bit1
on 05/06/2020, 01:58:18 UTC
Username: bit1 Post Count: 3059 BTC Address (must be SegWit): bc1qg9x7n3llevcux0kwlrs0k4jvywgg5pwxll9rjf
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Re: Has the market completely recovered
by
bit1
on 07/04/2019, 02:43:18 UTC
I don´t think that the market has fully recovered and it´s only a bullish stage but isn´t possible to determine how long it will last I would rather suppose that the price will stabilize around of $5k .
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Re: The bulls are back, bitcoin on the way to $5k
by
bit1
on 06/04/2019, 20:05:38 UTC
The current price isn´t bad for investors just now, especially after that abrupt drop in the price, it's very likely that the price remains above $5k for a couple of months maybe, so without a doubt it's a good sign of recovery in the price.
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Re: Time for investment
by
bit1
on 06/04/2019, 19:51:22 UTC
The decision to invest involves first knowing the market conditions and being aware that somebody can win or lose, when somebody do not know these conditions, if you manage to face the risk then yes, it should be time to invest.
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Re: Lightning Network was tested on mainnet today!
As long as bitcoin is only looked at as a commodity and nobody is willing to spend their Bitcoin, also lightning network wont change much (besides of hype and therefore price increase). People need to remember what Bitcoins intention was when it was born. We should stop looking at Bitcoin as a commodity and start using it as a currency, then lightning network will be able to enfold its power and bring real benefits. Just my two cents, but I think this is important.
Bitcoin is being looked at as commodity now because that is exactly what it looks like. People will still spend and there would always be so much more services that would be in play in the long run which would make bitcoin even more usable. Now with the LN, micro transactions would be easy and as long as I can use bitcoin to get a cup of coffee, then tell me how we won't get better.
Well, it happened just in time and although I do not know the details or the results of that test, that is, if they were completely favorable, that makes it clear that BTC can implement improvements or increase capabilities in a way that does not affect its core and properly but can give an increase in its capabilities to make transactions in the same way as its closest competitors, now, if the test was successful maybe they will not take long to put it into practice.
If bitcoin is continue to go at this rate then it may hit $20K by January 2018,but there is a fork coming up so it may influence the price of bitcoin and high chance for bitcoin price fall.The bitcoin reached $14K in just few hours and altcoins are dumping so from this we can assume that all altcoin holders are transferring their coins to bitcoins to get that free coin.Maybe after got free coins they will return to altcoins so there is high chance for bitcoin price fall after the fork.
Is definitely something that cann´t be predicted the great rise in the price that it had in the last few weeks perhaps still does not consolidate as such, maybe it's best to wait until the end of the year to have a better opinion about whether it could reach the $20k, but perhaps the difficult thing would not be that it reached that point, but could be maintained at that price, but every time the graphs are observed one imagines that the price at any time can come down but only from the current perspective.
Bitcoin is first of all digital currency and on top of that decentralized. Many however consider and say that bitcoin is digital gold. If we compare gold and bitcoin in some way there are some differences but also they are unique, every in his own way. Only downfall can be trading them, both have solid gains but many are now in bitcoin more cuz of the high price.
When peoples talk about gold they talk about something of great value by excellence,the same for diamonds or things like that, and I have to say that there are not some differences only but they are completely different inwardly while one is tangible, physical and can be touched the other does not, can not be touched and is not tangible or something physical,the only thing that both can have in common is that people consider them as something of great value and that's why they compare them, but nothing more.
Being a decentralized currency,volatility is the main feature of bitcoin.It is due to this volatile nature,more countries still don't agree to legalize bitcoin.For a currency to get used in mainstream,it should not be highly volatile.But bitcoin volatility would remain and could not be solved.
Volatility is not a feature from the bitcoin because that was just a nature from the demand meet the supply. The volatility give uncertainty to the price and that's why majority of government consider it as the investment with a high risk. Because there is no actual price to the bitcoin. Volatility as a nature aspect from the bitcoin.
Understanding traditionally the volatility as the rise and fall in prices sharply caused effectively when the demand meet the supply without going into details and seeing the example of one companies that at some point dropped bitcoin support citing high volatility as a motive or the example of the other whose stock jumped from $18 to $1,200 are two opposite examples of the same thing, I think the high volatility can play for or against a company that is dedicated to the purchase sale of goods and services and indeed accept it as a form of payment even to a highly volatile instrument is not advisable although at first glance it might seem more promising.
There is absolutely no reason to worry that bitcoin or crypto currencies are a bubble and nobel prizes from the system are not worth 5 cents. I remind you that Obama received the nobel prize for peace while he initiated several wars and that tell us everything about how realistic those nobel prizes are! The opposite is the case! The fiat currency system is a bubble and will end like it has ended in 1929!
Isn´t to be against or in favor of the theories of those economists who also won a nobel, they hold their theories but only one thing can prove them true or discard them: and that is the time, another thing the peoples that came out against BTC and who have been critical of it they have every right to do it, but they also sometimes make mistakes.
It will never replace fiat, why? First of all, Bitcoin is not designed for replacement fiat. It designed for fast transaction, and to secure our money. . However, fiat can modified but replacing bitcoin will not be effective.
I also do not think it's convenient for anyone to replace fiat with anything, there are many daily transactions that are much easier and convenient to make through the fiat,besides that because of the high volatility in the prices it is not possible to determine an immovable price for many of the goods or services that are provided and that these need to preserve their value and so only the fiat can handle in a more effective way.
as we know so many reason to make controversial bit coin currency in practical or real media sanitation. if we observe very carefully few past few years we have seen that criminal activities or occurrence are occurred by the help of hackers and trader make it famous moving thousand of dollars outside by cheating with government law enforcement for that reason value of bitcoin increasing very high. even they make money away from center bank and government unable to hold money from general people and through this process people convert this money into different things. i think this is enough for making controversial and what do you think about my think ?
Well bitcoin has been really controversial since then. A lot of economists don't even want to try knowing what it can brings to people. For some reasons, there a lot of chances that bitcoin can be better than the fiat money since this can be transacted without being noticed publicly or let's say in the bank per se. People can do a lot of mischievous thing through it just as how these people are doing the same things with their dollars. So, I think it still depends on the user on how and where they will use it.
Maybe the controversial word is still short to describe its status in the eyes of society in general it's something completely disruptive for the time in which we are living, maybe as time goes by, it will stop being that way and people will see it as something more normal of what is now,and instead of being controversial it can be something much more common.
I think the main reason why bitcoin value grows this fast is because popularity and acceptance of people to crypto currency is now getting wider also the trust over digital currency has been established that's why many investors are now looking towards into bitcoin. For almost a decade now bitcoin helps many people and some become successful and able to build their dreams into reality
It is definitely because of the massive and continuous flow of bitcoin investors. Many businesses accept bitcoin especially in e-commerce because they know that it is "worth accepting". The value will increase further in our digital age because as the internet and e-commerce continues to successfully revolutionize the market together with bitcoin, the demand with the cryptocurrency will definitely increase as well as its popularity. Even the 'ads' informing everyone about different cryptocurrencies invaded facebook (though we can never tell if it is legit), especially encouraging people to invest or mine bitcoin. That's the reason why it fluctuated this high in 2017, what more can we expect in the future years.
That's definitely something that no one can deny and as its use expands or becomes more popular than before and it is moving much faster than years ago, although despite the fact that for many people it is still something strange but as they see or know the capabilities of BTC end up investing even a small amount to prove this new technology and perform transactions quickly and effectively and even at low cost where effectively one of the uses that can be given is in e-commerce thru Internet, but maybe this isn`t limited to that only.
All things can happen, usually every end of the year before natal bitcoin prices always skyrocketed, last year the price of $ 1200 before christmas then drop to $ 900 month of january. this year is likely to happen again.
Prices are unpredictable now because who knows at which time demand will low or high the only thing I can assume about 2k18 is that year will be full of surprises and prices will go more higher so be ready to take advantages the fall is here now and get your coin at only 13.5k and this will take the price to the 18k in next two days and this is sure that upcoming time will be more fascinating to the newbies as usual,
Yes, in fact those are quite unpredictable as seen in recent weeks, right now the situation is a bit uptight to call it somehow because the price may experience a fairly steep drop or on the contrary increase more considerably by perhaps putting the value above $20k, but still the situation would be quite tense, because almost everyone would be waiting for a fairly strong correction from one moment to another, towards to 2018 the price can go up and down repeatedly but in the end it could close with an increase maybe.
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Re: Bitcoin price going down in second week of december
A very fluctuating rise in the price of Bitcoin is essentially a commonplace for Bitcoin users or traders.
The normal would be that the price will continue to go upwards although in a much slower way, that would be the safest thing in terms of price stability, because it would bring greater security to investors and create a much more stable and much less risky situation, in addition, it must be remembered that only the second week of December has actually passed and there are still two more weeks until the end of the month so it will be very interesting days maybe with a lot of turbulence in prices.
I Guess halving is going to be around 2019. And this will be priced in 2018 not 2019. People will start to go long on bitcoin before halving day and on halving day too many investors will be in huge profit.
The next halving is scheduled to take place by 2020. Already 2020 has been expected to be something a great year in the cryptocurrency network. Along with this expectation the halving will provide with a large benefits as growth is promised to take place by those days. Hope to see the price to be above $30000 to the minimum by that time.
By then its use will have become popular even more, and with the decrease of the reward in half, it will become more rare and scarce, the mining will only be done by a few because the equipment will be extremely expensive , as that date approaches almost to the beginning of 2020 most people will surely be talking about this issue in the main forums like this, without a doubt, it will be a very relevant event that will become more important when the date be closer and closer.
It could happen if we are affected by the false issues that say bitcoin prices will go down and we sell panickedly without thinking about the impact that will occur, it is actually the decisive rise in the price of bitcoin is our own behavior as market participants. So it could happen if we are affected by the issue.
we have seen in the severe past and i think no one can deny that this is quite possible as it had done in the past and it can be done in the future as well but seeing the market scenario and growing popularity of BTC, I don't think now it can drop that much in near future like to 3000$. I take $6000 as a strong base for BTC. Seeing the bullish nature it can easily cross $15000 by the end of this year if any huge dump will not happens.
Of a lot of recent activity as well as growing popularity of BTC is very likely that the new floor will settle in $10K at least,so if the price were to fall below that,this one would not stay like that for a long time ,so as time goes by the possibility of it being put back in that low amount that is being talked about->$3K is becoming more and more remote as the price goes up, this possibility will be less.
Thank you for your opinions! What do you think, what professions can disappear? For example notaries
For short term at least there won't be any professions that will disappear right away. I think in the long run it won't greatly affect jobs but it will lessen the market for them, making it not that profitable as a job. I am sure that when the time comes when blockchain is completely mainstream, the one that will be greatly affected are money sending service employees like those who work in remittance center. They might begin to disappear unless they will be the one to use this tech for their business in order for their employees to continue their job.
May be some others can effectively disappear, as well as some professions have disappeared throughout history, I am reminded of the telephone operators that interconnected the calls between the interlocutors, or the people who transmitted the messages by Morse code,etc.,technological advances undoubtedly bring changes in the occupations of people and I do not think that on this occasion can be different with respect to blockchain technology, but still, surely new professions will emerge in the same way.
Because the cryptocurrencies are ruled by the Demand and Supply law , higher demand tends to increase in price and decreases when supply is not enough. The market of crypto is like a glass full of water that tends to overflow when added (mined) , now every movement in cryptocurrency can affects to its value.
In addition, we must not forget that the traders they are almost always trying to take advantage of market conditions to maximize their profits in the shortest possible time, also, The fact that the news circulates quickly through Internet they also sometimes cause prices to move very continuously going down then upwards depending on the veracity of the news is the result of those movements and its duration, another factor would also be that since it is a world market, some event somewhere stimulates growth or, on the contrary, a reduction in the prices.