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Many people expect there will be another bull run in the more or less near future. But who, whose money, what will be the fuel for next bull run? New investors? Smart money? Why? Do elaborate, I am very curious to know your thoughts.
It would still be the old investors who are waiting for the time that they have accumulated enough and those who are waiting for the market to show signs that buyers are back. If the price would be doing good then new investors will come in as well especially if the price would continue to go up resulting to it being attractive to the new people in the ecosystem.
no, it is wrong, the price of bitcoin is volatile and will continue to change so that the current price is normal and do not panic or worry because the price of bitcoin will soon recover and rise again, so this is not the end of bitcoin
No it is not the end but it is the beginning instead, while the price is low this is the beginning to bull run again good thing when the price is at low level the opportunity is high to buy cheaper coins But when the price is high that's the beginning to make it lower. In my opinion, this Facebook decision is the right decision. I can't imagine what losses Facebook will suffer if Facebook really bans advertisements about crypto currencies on its platform. Most crypto currency players and investors use Facebook as a communication medium so that if Facebook prohibits crypto currency they will automatically stop using Facebook. Of course this is a pretty drastic loss that will be experienced by Facebook. In my opinion, Facebook can still allow crypto currency ads but with some conditions that previously Facebook will conduct an investigation to ensure that the ads on Facebook are truly real and not a fake project. This must be done by Facebook to become a trusted and professional social media forever.
Facebook must think twice before deciding because face book users usually are from young generation, and young generation would probably will adopt bitcoin because it's faster transaction, because of its has the edge among other currencies, if Facebook will not adopt the results would be devastating and it will be left behind. Bitcoin still needs to break through some resistance before we can even consider a strong bullish momentum. If the price can break through the high 6000s resistance then that could be the signal for the bulls to start taking control. I'm both optimistic and skeptical at the same time currently when considering what will happen in the coming weeks/months.
Im very optimistic that bitcoin will go sky rocketing again and hopefully on that specific period of time the price become more reliable. And the growth will draw more investors and business to use it as the medium of payments because of P2P the transaction is economical compare to fiat money, faster and becoming more secure and safer. Current market conditions are still in a condition of price correction from last year's increase in bitcoin prices, so it has become reasonable if stagnant market conditions like this might also be an effect of no good news that could trigger a cryptocurrency price increase again.
This time is quite good for bitcoin because of stability because sometimes volatility will harm it's reputation, price correction and stability is sometimes good to the system the price movement is slowly creeping but surely, hopefully when it bounce back the price is more reasonable and not artificially manipulated. For it is a good idea. If more companies acvept bitcoin because if this happen more benefits that we can get. I think when the time it's happen we are comfortable to hold and invest in bitcoin because many choice in comfortable buying will you have. If more companies will accept bitcoin government will have also an income coming from taxes so they will see and think the bitcoin regularization and legalization. So I hope this will be happen soon because it is a bridge to a more confortable transactions and the key for a better life. And I think people will also open their mind to use and invest in bitcoin so the companies will also benefits.
There are businesses in asia accept bitcoins as a medium of payment specially in some resort or tourist destination, because it is a very comfortable for their costumers to use bitcoin than using dollars because of risk bringing fiat currency. Bitcoin is faster and reliable and no boundaries.
It seems that the condition of bitcoin prices this year made a lot of traders lose because of the fall in the price of bitcoin and because bitcoin is a lot of bad news that makes traders panic making the price of bitcoin cheap as it is today, not necessarily in the future it can be expensive again.
Such phenomenon were making upset for investors but they must understand also how volatile it is before doing g some investment. They'll actually losing because they just do panic selling and they aren't give some patience as the market behave this way. The current price it looks like more satisfying as it is not so expensive and ain't that much fluctuations occurs with Bitcoin price.
Re: Can Bitcoin become the universal currency of the world? What is the reason?
I do think bitcoin has a lot of potential to be the currency of the world. Primarily, it feels like bitcoin is ready to be one. With bitcoin being permissionless and borderless, anyone in any part of the globe may acquire a bitcoin wallet and can transact immediately afterwards.
Being permissionless, no one will be denied the utilization of bitcoin, there will be ni strict requirement compliance and there are no waiting time for approval processing.
Being borderless, it will not be bitcoin that will dictate where in the globe it can be used as it may be utilize anywhere in the world, instead, it will be the countries that will decide whether to embrace bitcoin or not.
So i guess yes, bitcoin is ready to be the global currency.
Yeah absolutely your right and as what intended to, borderless and P2P, is one of its characteristics in which I believe would bring it in that fame because its one of a kind. Being permissionless, no one will be denied the utilization of bitcoin, there will be ni strict requirement compliance and there are no waiting time for approval processing.
Being borderless, it will not be bitcoin that will dictate where in the globe it can be used as it may be utilize anywhere in the world, instead, it will be the countries that will decide whether to embrace bitcoin or not.
So i guess yes, bitcoin is ready to be the global currency.
Now, many companies want to use blockchain. They dont want to spend a lot of time developing their own blockchain. Its easier to invest in startups that suit them.
If you develop your own block chain is these also mean that you will adopt into the mean stream ? If development of your own it is difficult if you're system don't adopt with the mainstream or in the existence. The price of bitcoin is probably not going to raise at the beginning of the next year, there are no good news coming out of bitcoin or from other sources that makes me think we are going to see a fast recovery but this is something that I like because I am not happy with the amount of bitcoin that I have and I could easily get some bitcoin for cheap during this time.
Let's not depend on how the news bring a positive thoughts, because most people from previous months was affected drastically with the news which gave them worst decisions that made them pulling our their assets. The regrets falls unto them due to that negative news, and don't expect any good news to come, but rather analyze the market based on the actual facts.
Yes, bitcoin has been around for a long time and I think that it has passed the test of time and won the huge trust of investors. How many he has survived drops, however he not died. So I believe in him and know that his price will recover soon.
Yeah bitcoin is been a while for several years and been through for so many difficulties and even experience a zero value but still persist. 2027? There's enough time for the Bitcoin Core devs to write and implement post-quantum algorithms.
Why do you even bother?This is just another "Quantum computers will kill bitcoin!" type of topic,like many other topics here.Why to be afraid of a monster that doesn't even exist?
Why do you even bother?This is just another "Quantum computers will kill bitcoin!" type of topic,like many other topics here.Why to be afraid of a monster that doesn't even exist?
It doesn't exist yet, but it's true that we should plan for it. This is what the OP said:
Quote
There are a lot of figures and formulas in the report, I haven't understood everything, but the main idea I've caught is that if Bitcoin doesn't implement post-quantum algorithms, it won't survive until 2027.
I agree we shouldn't fearmonger about it, but safely and cohesively hard forking to make the necessary changes may not be an easy feat. Any hard fork release should have a very long activation time to minimize the possibility of a network split, so we should be talking about this sooner than later.
Given the size of the Bitcoin network and its rate of adoption, I think we should avoid emergency forks to whatever extent possible.
I saw information that Indian government is considering launching its own cryptocurrency and that the executive director of the Reserve Bank of India at a recent conference stressed that the agency is not planning to consider Bitcoin as the national cryptocurrency. Officials are not sure about the reliability of Bitcoin as a currency, and reports about the use of digital coins for money laundering and terrorist financing cast a shadow on the reputation of the first cryptocurrency. Bitcoin is also viewed with suspicion because it is not regulated within the framework of the monetary policy of the government of any country, and its price is subject to considerable fluctuations. So I think everything will be limited to the launch of its cryptocurrency. And as for me, these are worthy decisions at the level of the government, while other states are not at all ready to accept cryptocurrency ... 
The government also have a point to to study and be hesitant about bitcoin, as part of the process, in implementing, laws but I think in the end up adaptation of bitcoin is as an ultimate decision. For bitcoin to be used as a store of value and a medium of exchanging for goods and services, It must be stable like others currencies. For the past 5 to 7 weeks now bitcoin has started to develop that characteristics and that is a big sign that both online and offline retails and wholesales business will started to used it very soon. I believe that in blockchain technology we are getting closer to what the founders has in mind.
Stability is not something we can experience and it all depends on how you are seeing it, as I believe one way or the other, bitcoin's value will keep having more purchasing power in the long run, as the demand keeps increasing, which to me still makes 1btc to be equivalent to 1btc. As time goes on, when we gradually start seeing real life usage, we will get to see some mass mainstream adoption, and there is actually the possibility that when tagged to fiat, we may not be seeing huge volatility or movement as we see today and in that case, I can imagine what the value of btc would even be like.Give me Bitcoin, or give me death.
We will wait for the best time to hit the target price that will help price to have rapid increase when the right time come. Public adoptions will happen when demand and popularity also have quicker changes which will keep the price gain higher value, that will trigger more interst to thw public.
When would that best time will be? I don't think so we gonna do it in a short span of time, and expecting more from cypto was just a mere fact that having stabilized market price nowadays is too hard to experience. And even though we see stabilized price, we tend to have at lower price and not that high expectations.
Re: What will happen to Bitcoin if there is a global economic crash?
Bitcoin is only used as an alternative payment if the world is facing a crisis, for the price of bitcoin no one can predict accurately. what the price of bitcoin is in the future, which is sure bitcoin will rise. We know through the whitepaper that bitcoin was created as a form of protest against manipulations created by the central bank, so that if everyone believes in the technology behind bitcoin then bitcoin is one way to suppress a country's crisis.
There will be a massive price declination with bitcoin price if an globale economic crash will also going to happen, because our mode of spending money depends on the currency that we're using in a certain country. A lot of financial system will be affected and the entire world is always prone to experience the chaos.
Very good observation, actually we, the bitcoiners need to help Bitcoin gain back the status of a currency rather than a stupid instrument of investment. We need to use Bitcoin more and more and raise voice to expand adaptability and acceptability so that BItcoin reborn again as a currency, a true financial freedom.
Yeah absolutely bitcoin is one of kind that the world needed for change it is more than a business but I totality a good innovative currency for the future, lets promote it to the four corners of the world, being the independent currency no third-party involved and no boundaries. There are dude. Virtual or crypto payment system has been popping up already. Ive seen projects conducting ICOs that pertains to crypto-payment platforms. Crypto-based online market that would be rivals of Amazon and ebay and worst there are even retail stores accepting cryptocurrencies as payment in some countries.
Real money will still be the same but it will soon be merged with digital money and be more profitable due to more opportunities to come, since its being used for bigger investments of crypto. However the acceptance of crypto will eliminate the cash type basis, because more people will now use and prefer digitized form of payment and they're confident to use it due to convenient way.
Honesty, accountability and lack of control. A lot of Politicians are scared of transparency. They can't tax crypto either which probably scares them a fair bit
Exactly, transparency and taxation can be a big thing to be consider for a politicians and they really hate this one because of that. Government keep on discouraging people to invest in cryptocurrency because they said, its too risky to put money in cryptomarket but in reality they are preventing people from realising how good this market is.Later on, government will be no more choices but to adapt this technology and this will happen around the world. Cryptocurrency will still become a big factor in a world financial system.
This is a great resource for those who want to pay online with bitcoin if you want.Online locations accept Bitcoin payments
Online shopping: Overstock
Gift Card: eGifter and Gyft
Buy games and movies: Microsoft
Pay TV: Dish
Yeah on line business is the edge on business, but if online business will use cryptocurrency it is a good development and will increase the value of cryptocurrency and be more precious. Online shopping: Overstock
Gift Card: eGifter and Gyft
Buy games and movies: Microsoft
Pay TV: Dish
Its possible to calculate an average weighted price for any duration of time be it this year or last or a rolling 12 month. This measure could be known as volume weighted average price or vwap, its far more common to use just simple moving average of price regardless of volume but adding the amounts traded at every price increases accuracy.
Problem with BTC is that it has no one exchange so is very hard to decide on exactly, hence ETF regulators indecision. Its likely december was volume heavy but not so much that the past months have not exceeded it by now, we have more holders around this price then above imo
Its really hard if you compare 2017 to 2018, the disparity of both year's if you bought bitcoin in the highest price then in 2018 market is quite not good absolutely your loss Problem with BTC is that it has no one exchange so is very hard to decide on exactly, hence ETF regulators indecision. Its likely december was volume heavy but not so much that the past months have not exceeded it by now, we have more holders around this price then above imo