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According to my friend preev.com, as of press time, the value of Bitcoin is standing at $2,351. Though I would say that this still considered as a feat, some are worried because it almost reached $2,800 again after the correction that happened days ago.
I have read that the decline can partly be contributed to newcomers especially neophyte traders who still have to be well-versed on the market...and can easily be ignited to do panic selling once they can fell that anything can be wrong.
Against this backdrop...are you holding on to your Bitcoin or transferring it into another digital currency?
Best thing is that we can make money by down in the price of the Bitcoin but still most of the people don't understand about it and sold their Bitcoin due to panic of down in the price , that is really a stupid thing for them .I have read that the decline can partly be contributed to newcomers especially neophyte traders who still have to be well-versed on the market...and can easily be ignited to do panic selling once they can fell that anything can be wrong.
Against this backdrop...are you holding on to your Bitcoin or transferring it into another digital currency?
Here if you have panic of down in the price then I will recommend everyone just do nothing with your Bitcoin .
But still if you want make profit then buy some Bitcoin and then hold it at the exchange because after the sudden increase in the price of the Bitcoin , the price of the altcoins get down and then buy some altcoins with your hooded Bitcoin amount .
This is really a simple trick to make money with fluctuations of the prices .
So instead to get panic you should make profit.
You don't need to be worry because bitcoin is falling.
Its just only a challenge on how strong you can hold your BTC.
We all know that bitcoin has a significance that when it fall down, surely when it regain its value it will be mich higher than before.
It is not possible even if it does happen do you actually think people will buy anymore? who can buy something this easy for 50k only the people who are already very rich would be able to buy it and then it all would end for bitcoins so lets hope it does not reach to that point.
Yes it is a good time to buy because i think it can reach 10k at the end of this year that means if you buy a couple of bitcoins right now at a price of 6.5k you can make at least 3.5k out of each bitcoin at the end of the year and that is a lot of profit even for one.
Re: If Bitcoin had a stable price, would it still be as popular?
Yes, if bitcoin had a stable price, it would still be as popular as it's today now. People would see a better currency than fiat with alot more benefits and if its stable theres nothing to lose.
Yes! I agree to you. The reason why the bitcoin is so popular today is because it has a stable price. Many people are now entering the cryptocurrency world because of the bitcoin.No i do not use it because i want to save everything at the end when i am ready to cash it all out and still earn from other altcoins i would say that if we all do that it is very smart because why spend it everyday if you can save for something big.
Panic selling is never worth it anyways because people can lose a lot through panic selling i do not understand why people invest and have patience and then panic sell everything just because it is down for just a couple of hours.
I never felled for it i did not even know it existed before today because it is something i did not expect to reach this level and also the people who had it did make a lot from this they selled everything and have made a lot of money just because this mistake.
It is very hard i tried it with a lot of people and they just do not believe me the one day they want to learn about it and the other day they say nah just let it go i have work to do but they just do not understand how much bitcoin can actually give you.
Bitcoins were designed to be and, in many ways, are the perfect digital currency: theyre frictionless, anonymous, and cryptographically astonishingly secure. For anybody whos ever suffered the incompetence of a bank, or bristled at the fees involved in just spending money, either domestically or abroad that is to say, for all of us the promise of bitcoin is the holy grail of payments. Especially since, to all intents and purposes, bitcoins are invisible to law enforcement and the taxman.
Those strengths are also weaknesses. No one wants to risk losing millions of dollars worth of currency overnight, just because they were outsmarted by some computer hacker.
Chances are that governments will want to control monetary policy "manually" (politically), as opposed to let math do the decisions for them.
That would mean for governments to give up the crucially important power to willfully control wealth distribution.
I see this part by far the biggest hurdle in the future of Bitcoin.
Although the political slogan in all developed countries is "free market economy" - it is only free, as long as the political elite is free to set the rules. Including monetary policies.
The technical ingenuity of Bitcoin is that it is a platform, that allows to bypass this nation state government power and control, by connecting citizens directly, anywhere around the globe to vote about the price of a mutually accepted, therefore existing currency, that they can use among each other to trade goods and services - purely on the value that is determined across the globe, real time, by them, the participating individual citizens.
The implication of this is hard to overestimate.
Bitcoin is the first mover in the market and there is no reason to believe that Bitcoin will not be a leader over the next decade because the growth of this market has inherent positive feed-back loops.
As the market grows in size the developers who believe in the durability of Bitcoin in the long term have more funds, and time to invest in technological improvements.
I agree with you it will be the leader because it is the first but also it is the most expensive coin and another thing i do not believe that it will be known by everyone in 2022 it is too fast that in 4 years everyone will know about bitcoin that cannot happen.Those strengths are also weaknesses. No one wants to risk losing millions of dollars worth of currency overnight, just because they were outsmarted by some computer hacker.
Chances are that governments will want to control monetary policy "manually" (politically), as opposed to let math do the decisions for them.
That would mean for governments to give up the crucially important power to willfully control wealth distribution.
I see this part by far the biggest hurdle in the future of Bitcoin.
Although the political slogan in all developed countries is "free market economy" - it is only free, as long as the political elite is free to set the rules. Including monetary policies.
The technical ingenuity of Bitcoin is that it is a platform, that allows to bypass this nation state government power and control, by connecting citizens directly, anywhere around the globe to vote about the price of a mutually accepted, therefore existing currency, that they can use among each other to trade goods and services - purely on the value that is determined across the globe, real time, by them, the participating individual citizens.
The implication of this is hard to overestimate.
Bitcoin is the first mover in the market and there is no reason to believe that Bitcoin will not be a leader over the next decade because the growth of this market has inherent positive feed-back loops.
As the market grows in size the developers who believe in the durability of Bitcoin in the long term have more funds, and time to invest in technological improvements.
I heard first from bitcoin when i was in my home of my stepfather he has a lot of money and i asked him and he simply answered bitcoin my boy bitcoin and i searched it up and then i started doing my own things with it of course he helps me when i cannot understand something.
It is never recommended to panic sell all your coins or a big part of it just hold them especially if it is BTC because what we all know about BTC is that it can easily go to higher again and it can easy go even higher than the highest it had reached.
Maybe in the future when everyone is using bitcoin as a payment the banks will disappear and maybe the money too but that would not happen do you really think that the banks will let that happen? no they will not.
As we enter 2017, Bitcoin begins with a fresh start making it worth nearly $1000 per coin. Users, banks, and even governments are becoming more interested into Bitcoin, and its underlying technology called the Blockchain.
Now, as we progress into making Bitcoin more scalable and efficient than ever, I would like to know what are your thoughts for the pioneer cryptocurrency in 2017?
If all goes well for Bitcoin this year, it might increase its value more than $1000, as well as become closer to being used as a mainstream currency. What do you think?
Now, as we progress into making Bitcoin more scalable and efficient than ever, I would like to know what are your thoughts for the pioneer cryptocurrency in 2017?
If all goes well for Bitcoin this year, it might increase its value more than $1000, as well as become closer to being used as a mainstream currency. What do you think?
agree with you, i think in next years bitcoin can reach more $1100. its make people, goverment and bank more interest with bitcoin. maybe bitcoin will be accept in all country in the world and there is no country who ban bitcoin
Litecoin and ETH are something to buy. Litecoin is now cheap actually, but ETH is not that cheap now. Both coins are rising buy them when they are falling. Litecoin was falling.
Now it is rising so you could have bought it when it was around 40 dollar now it is 56 dollar.
Now it is rising so you could have bought it when it was around 40 dollar now it is 56 dollar.
ETH is for me the best coin. In the beginning it was not so worth a lot, but now its nearly 300 dollars. I wish i had invested then in ETH, but i couldn't because i didn't know it.
I have now invested in ETH. I hope that it will hit 5k. If it hits 5k i would make good profit.
I have now invested in ETH. I hope that it will hit 5k. If it hits 5k i would make good profit.
Sometimes country's ban bitcoin because of that the criminals and scammers use it. This is good because they take action we don't take actions against criminals who use bitcoin.
If we can stop this we could get not banned.
If we can stop this we could get not banned.
It really depends on the person on how much he or she can really invest his or her money. The profit or his gains will also depends on how much he puts his money for investment. It can be a percentage of one's salary.
yeah it depends on the person on how much they want to invest. But for me if i am the one who want to invest for first try i will invest a small amount to try if the investment site is legit or not. To avoid Lose cause we can't figure it out if the site has no intention to run our money. So i suggest to make try before anything else to avoid ponzi. Yes thats how i also work. I invest a little amount of money first to check if its legit or if it is a scam. If its legit you can invest more, but know that the site can also not pay you further.
If its scam you can report it so that other people will know so they can do the same. By doing this you will let people know which sites are scam.
Re: What is the best way to make money with bitcoin in 2017?
Well for me the best way and the fastest way is to claim from faucets and use these coins on other site. Deposit them in gambling sites. You can make more money out of it.
If you lose you will lose only your time you had invested in claiming from faucets and that is only to click a button every day.
If you lose you will lose only your time you had invested in claiming from faucets and that is only to click a button every day.
Invest in small coins. Like dent is for an example a good coin. I think that dent will have a great potential to rise. It has a good project for the future i think that it will get that support and it will me pumped up. If i was you i would invest in Dent coin and wait for a few years maybe 4 years if there is any money you can make from.
Bitcoin started falling and might fall upto $4800. The main support is at $4800, bitcoin markets supports doesn't works like other currencies as rumors and fake peoples makes panic between peoples to make the market fall and buy coins in cheaper price. Now its time!! 
Buy more BTC's because BTC is going to $10K soon!!
Yes!! Last month this same f**k happened with us with JP Morgans speech and panic between peoples. Let bitcoin fall as much as possible and buy more coins that you can make more money. Bitcoin is the #1 Number One Online Currency now and popular in all over world.
Now it starts falling and you will find rumors in google about fakes news to make panic between peoples. Bitcoin will be higher in $6000+
#ITS_TIME_TO_BUY
Indeed, there is nothing to panic about, well, it will fall by 2-3 thousand, and then up to 8 will rise and everything will remain in its place, the only thing that at least somebody at the time of the fall will be able to join it. Buy more BTC's because BTC is going to $10K soon!! Yes!! Last month this same f**k happened with us with JP Morgans speech and panic between peoples. Let bitcoin fall as much as possible and buy more coins that you can make more money. Bitcoin is the #1 Number One Online Currency now and popular in all over world.
Now it starts falling and you will find rumors in google about fakes news to make panic between peoples. Bitcoin will be higher in $6000+
#ITS_TIME_TO_BUY
Yes i think that they are selling most of the people. It will fall a a lot but i think that it will also rise a lot in the near future. So you don't have to worry about losing your money.
Don't forget that bitcoin is unstable so its will fall someday and now the time is.