Yes possible to achieve the price of $1500 in this year but not possible to achieve the price of $5k very soon and it may take next 5 years to achieve that milestone.
Not even during 2007/2008-like financial crisis situation? Please educate yourself or you are about to lose a lot of wealth in the upcoming months. brexit was just the beginning. Silver has risen again and is now trading at its 2-year high!
If you invest in bitcoin, you will not lose. In a year, the bitcoin price will be more than the gold price each ounce.
If you buy bitcoin for the long term and do not buy during a bubble like in November 2013, you will make profit.
I am not gonna sell my coins too, cause at my opinion price is gonna increase after halving in 9 days, and than maybe i will sell my coins only if price will be enough to do this.
Exactly, holding now is an good idea, as we are now very near to halving so selling at this point may be unprofitable as we can earn higher profits if we sell at halving.
If you want to hold for the price rise after the halving, you might be disappointed. The price already reflects the halving.
If guys like Tim Draper conservatively believe Bitcoin will hit $10,000 by 2018, anything is possible.
I believe the Brexit doesn't look good for the future of the Euro fiat currency. The US dollar is no longer backed by gold, and it seems the logic is that it is too big to fail. Unfortunately you can't earn any interest, and they just keep printing more every time there is a bigger debt problem. We could easily see another financial meltdown in the near future with no way out this time.
At some point it will be Bitcoin to the rescue.
Decentralized currency continues to look better and better
For business, it would be much easier to plan ahead if the monetary policy is known. Bitcoin is much more transparent.
I dont think the bitcoin will drop that low for sure. But it can happen because the value of the bitcoin cant be stable for a long time. It depends about what people do with their coins what the price will do.
If there is a big bug exploited in the new Core software, and millions of bitcoins are stolen, the price will drop.
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BoardAltcoin Discussion
Re: Eth bubble has popped - Will you be left a bagholder?
Clearly, most regulators haven't realized how bitcoin can indeed became a threat to financial stability.
A bitcoin news site published this : Powerful U.S. Regulator Sees Bitcoin as a Possible "Threat" to Financial Stability - CCN: Financial Bitcoin & Cryptocurrency News
However, its comments on bitcoin are very limited (see p. 127) and clearly doesn't address the main issues. Probably, because, currently, they are no issues.
When the bitcoin becomes main stream payment method and a currency, it is easier for the business to plan ahead as the supply is already known.
I hope so. I'm not too excited about the halving because that's something almost everyone already know and it's been also reflected on the price, but well, maybe it could pump it a little bit. I want to see what happen with brexit, new implementation of CSV, that maybe could help to raise the price, but as always... who knows?
halving indeed already often do and everyone knew that the effect of halving the effect is indeed very big enough in price bitcoin. But yes indeed how such applies only in some time alone and can't last much longer. But we don't have to worry about in the future certainly there are better ways in how to raise the price of BTC
we have to wait for a while to see the real effects of the halving on bitcoin. it takes a while for halving to happen then there will be a period like about 1 month to really see what effects can halving have on bitcoin when the supply growth was slowed down.
yes I think the effect of halving will not happen immediately, it may take several months. but was previously halving effect has been felt before halving happen, but the current price dropped considerably, and after that I felt it difficult to see what will happen next. whereas if no decline is high, I think we can reach $800-900 before halving
That seems to be difficult now and I will be much satisfied even if I see the price of $700 at halving, that is the price I have set in my mind to sell my coins, I missed the opportunity to sell last week.
after today's prices increased again and was at $650, I think it is easy back to $700 and also halving still about 2 weeks. so I thought there was a chance to reach $800.
$700 is not a problem. I think it is even possible for the price to go to $800 or higher. But it is not sustainable.
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Re: Eth bubble has popped - Will you be left a bagholder?
He might the owner of the DAO. I do not own any DAO, but I feel frustrated. I am a miner, I will make sure that attacker does not get anything.
I do not own any DAO's or Ethereum. I was frustrated, because they gathered so much money, yet allowed this to happen.
Wow, are you sure? Do you not own any DAO's or Ethereum? That's coin have a good future. The price always increases and back to normally before and after getting attacked.
I think the Ethereum Foundation has to do a lot of work to win back the trust of the investors. That bug has lost investors a lot of money.
It will not happen again,bitcoin went only at 250 because of world econmic crisis that happened before, buti think it will not fall to that price again.
If there is world economy crisis, the bitcoin will be the safe haven for people's wealth. The price will be even higher.
The bitcoin price rose a lot in March 2013, that was mainly due to the European financial crisis.
If the Briton exits the European Uninion, it will also cause lots of uncertainty, there could be a financial crisis.
In the financial crisis, the fiat will drop a lot including the British Sterling. So there is a chance for bitcoin to rise.
I notice that the price are a little bit fluactuating because most of the users are still holding bitcoin and there is no one wanting to buy that why the price is quite affected for that but for me this is not the right time to sell our bitcoin until the halving comes
I still hold most of my coins. I just spent some to buy the Ethereum as I think apart from bitcoin, it also has some hope.
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Re: Exactly 1 day before the Bitcoin Halvening I am dumping all BTC into ETH
Yeah $1500 is quiet possible to achieve at this halving or by the end of the year, but $5k is simply impossible to achieve in this year.
Where the hell do you noobs get "impossible" from? Have you not been around during the early bubbles? Bitcoin has broke many "impossible" barriers... $5k/BTC certainly not impossible by any means.
We have to stay realistic and the value of Bitcoin started of course to rise but it will not rise to that fast because that will takes some jumps. And it is really hard to know what will happen in the future because the value is always changing.
I am content if the bitcoin price rise 40% a year. If it can rise with the user and number of uses, I will also happy.
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Re: 2016, The Year of Bitcoin?
by
sanadas
on 21/06/2016, 09:54:29 UTC
2016 is the start of the new era. We will have bigger block size to accommodate more transaction and make bitcoin very useful.
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BoardMining (Altcoins)
Re: Ethereum mining still profitable?
by
sanadas
on 20/06/2016, 08:28:34 UTC
The Ethereum price dropped about 50% in the last few days due to the DAO problem. It might not be profitable for some miners now.