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Bitcoin exceeded $ 10,000 in 2017. What's going to happen to Bitcoin in the coming year?
I think that many people will engage in bitcoin for this year because of the rapidly growth of the bitcoin last year. Many people will expect that there is a possibility for bitcoin to increase doubly in this year.What happened last time will reflect also by the middle of 2018 and for sure, it will rise up to $20k.
Unfortunately news even are fake, can affect the market. Any news, announcement or rumor can cause the prices to rise or fall significantly.
not all the news is bad do not think like that.not all news is fake some of them maybe useful even a lot fake news too in internet.i just check old posts in Currency exchange and Found how bitcoin was so cheap at 2011
Example
this User ask for 32$ only to sell 2BTC
So are you think time now is too late or some one in future will say how price was cheap in 2017 like my post
Shear what you think
i believe with the time it will be used and implemented..Example
this User ask for 32$ only to sell 2BTC
2.00 BTC for sale - $32 USD (MTGOX PRICE is 16.68)
Only trusted members with reputation!
Only trusted members with reputation!
So are you think time now is too late or some one in future will say how price was cheap in 2017 like my post
Shear what you think
bitcoin becomes very expensive one of them is due to the limited amount of currency, in addition to his many ads in various social media that tells that bitcoin will be a global currency is a factor that makes bitcoin very expensive
Basically, its prices are going up due to high demand and less supply. More and more businesses start accepting bitcoins for regular usage then its demand will go up but supply may not increase so fast so its prices will shot higher. The current prices may be looks expensive for now but after two or three years these prices may look very cheap so start investing in it instead of worrying about whether it is expensive or not.
when ever I found any news about bitcoin it is negative news , i am confused why traditional mass media always against bitcoin ?
This actually depends on the media itself. There are some media supporting crypto currencies and some of them is against. As you all know that market is dominantly owned by bunch of whales and each of them own some media organizations. They all control media to manage our fears to control prices.
In fact, I have started buying 3 days ago... small amounts monthly. All my BTC before were earned, but want to get more as I realized its potential to go up.
i kept buying every single month. The money i earned from my bussines is deverter to bitcoin as safe method of investing.This is a good news because there a lot of people who patronizes KFC all over the world. This could be a big boost not just to KFC but also to the cryptocurrency world.
its still a good thing.it its also good advirtisement for KFC here we are talking about it.I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ? Thanks in advance
Yes. It is so possible. Actually, Bitcoin mining makes the supply increase. The only thing makes the miners trying to mine moreis because of the Bitcoin's price. They tend to mine many Bitcoins to gain money. They are buying high specifications laptop or computer set in able for them to mine many Bitcoins. But, Always remember that if the supply is limited, The Price is getting higher and higher. This is the advantage of miners. Start mining.
Miners increase available supply to increase _exclusively_ as long as we are below 21 million coins. As mentioned, mining rewards will reach 0 after a few years . because of the way bitcoin works, overall coin creation speed won't change regardless of power of mining.
How many years is a few years?
I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ? Thanks in advance
Block rewards gets halved every 4 years and eventually it will become ~0, AFAIK it will he around 2132 or something. But I think most of BTC will be mined a lot before that. God is the ultimate power that made and controls the universe.we should believed first in god.god is the one who created all of us in this world. God want us to live in a world that sorrounded by happines and love avoid any problem. God is creator all thing. We cant see but feel.
Jesus loves you more than could ever imagine..hes more willing and concerned for your happines,peace, and joy, than you could ever be for yourself.he knows all the gifts that you want for your self,snd desires even more for you.serve him with all your heart.trust him with all your life.not only does he know everything about you he knows everything about your future without him ., theres no future for you.
To grow the adoption of bitcoins we need people spending it as daily currency... eventually bitcoin will have morecshop in iur country you just need to wait for that to happen. Maybe it will happen this year or the next year...