Bitcoin at $1000? - page 4. | Bitcointalksearch.org

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

Quote from: batang_bitcoin on May 27, 2018, 11:20:30 AM

Quote from: robresno on May 27, 2018, 10:21:52 AM

I feel like BTC at $8000 is still overpriced. Due to high fees and slow confirmations, it's not really suitable for payments.

Please stop this kind of statement that bitcoin is slow and high in fees. You're still not moving on from the Decembers situation, everything has changed and set to lower fees now and the speed isn't a problem anymore.

I totaly agree with you about lower fees and confirmation time. This chart shows it great:

https://blockchain.info/charts/transaction-fees-usd
From peak of 22 mil$ and average of 8mil $ in december daily to 200k $ daily now.

But number of transactions per day decrised too :

https://blockchain.info/pl/charts/n-transactions

To enable bitcoin to be use in everyday trades we need not 200 000 transactions like now but close to 150 mil like visa can "in 2016 that VisaNet processes an average of 150 million transaction each day". We are not even close. Thats why in my opinion bitcoin value is like i wrote above. GOLD in CRYPTOWORLD. Not everyday cash to spend in store. Maybe in next years it would change but not fast.

Tipsters

sr. member

Activity: 630

Merit: 251

Quote from: robresno on May 27, 2018, 10:21:52 AM

I feel like BTC at $8000 is still overpriced. Due to high fees and slow confirmations, it's not really suitable for payments. SegWit seem like just a hack to me. I know we are all Bitcoin optimists here at the forum but is anyone thinking that Bicoin is gonna go down to $1000 level in the next 5 years?

This is the most negative post I have read today. Bitcoin will be so resistant whenever it will fall down below 5k. It is because bitcoin is still the best cryptocurrency out there and many people support bitcoin. To that end, no one can still fully predict the future and we can only watch from our quiet rooms patiently. Huh

arakate93

jr. member

Activity: 140

Merit: 3

I think the value of bitcoin will be higher than year to year, as more and more traders prefer to transact in the crypto world, so to descend to $ 1000 may be a bit impossible, but nothing is impossible Roll Eyes

vibingpositively

full member

Activity: 224

Merit: 100

Maybe this year? Even then the chances of that happening seem relatively slim to me. I think we are more likely to hit $100,000 than $1,000 this year but I don't think we will hit either any and give both less than 1% chance.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: robresno on May 27, 2018, 10:21:52 AM

I feel like BTC at $8000 is still overpriced. Due to high fees and slow confirmations, it's not really suitable for payments.

What kind of bitcoin are you actually using? Bitcoin transactions has been cheap and fast for months already. I swear the people complaining about the transaction fees and price are the ones who doesn't actually transact with bitcoin smh.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: robresno on May 27, 2018, 10:21:52 AM

I feel like BTC at $8000 is still overpriced. Due to high fees and slow confirmations, it's not really suitable for payments.

Please stop this kind of statement that bitcoin is slow and high in fees. You're still not moving on from the Decembers situation, everything has changed and set to lower fees now and the speed isn't a problem anymore.

Quote from: robresno on May 27, 2018, 10:21:52 AM

SegWit seem like just a hack to me.

Prove it on why you think segmit is only a hack to you.

Quote from: robresno on May 27, 2018, 10:21:52 AM

I know we are all Bitcoin optimists here at the forum but is anyone thinking that Bicoin is gonna go down to $1000 level in the next 5 years?

An optimistic mind won't even give that price of bitcoin in the next 5 years. Add more zeros to it.

@rt27

jr. member

Activity: 227

Merit: 3

Quote from: MrRiuss on May 27, 2018, 10:58:17 AM

yeahhhhhhhhhhh, i hope it will go there $1000, so every body will panic and sell it. Grin

I hope so in order to avail mine. That would be great time to buy bitcoin and I expecte stamped will happen due to tremendous demands of the people from different places in the world. Maybe the system will not contains the flow of transactions. Grin

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

Quote from: robresno on May 27, 2018, 10:21:52 AM

I feel like BTC at $8000 is still overpriced. Due to high fees and slow confirmations, it's not really suitable for payments. SegWit seem like just a hack to me. I know we are all Bitcoin optimists here at the forum but is anyone thinking that Bicoin is gonna go down to $1000 level in the next 5 years?

Bitcoin is like gold in cryptocurrency world. It dont need to be used for everyday transactions to be worth a lot of money. Like gold in real world. You dont use it for everyday transactions but you will love to store your fiat money there during crysis. Lots of people have gold contract or even real gold hidden in "earthbank" to be out of fiat with part of their capital. Its safer because you dont know when hyperinflation hits your cash. You dont know when government decite to grab your money located in bank (like in Cypr)

bitcoins value is also inside biggest decentralization. No crypto is as decetralized as bitcoin is. What makes it the safest.

It can hit 1000$ but when it does it will be so easy to pump that sin will be not to pump it. It will be waste of potential earnings for whales.

Bitcoin will be like gold but easier to transfer. It can be store of walue for whales. You can store there 10 bil and hide papewallet (or just remeber key sentance) and its safer than gold in "earthbank".

MrRiuss

member

Activity: 317

Merit: 11

yeahhhhhhhhhhh, i hope it will go there $1000, so every body will panic and sell it. Grin

Daniel91

legendary

Activity: 3374

Merit: 1824

Quote from: robresno on May 27, 2018, 10:21:52 AM

I feel like BTC at $8000 is still overpriced. Due to high fees and slow confirmations, it's not really suitable for payments. SegWit seem like just a hack to me. I know we are all Bitcoin optimists here at the forum but is anyone thinking that Bicoin is gonna go down to $1000 level in the next 5 years?

I think that the most people here don't use bitcoin for buying something, some product, service etc.
We mostly see bitcoin as investment and just collet bitcoin funds and hold, with hope that bitcoin price wil continue to grow.
Nobody can predict future so in 5 years bitcoin can have value of $ 1000 but also $100 000.
Everything depends on supply sand demand.

robresno

newbie

Activity: 24

Merit: 6

I feel like BTC at $8000 is still overpriced. Due to high fees and slow confirmations, it's not really suitable for payments. SegWit seem like just a hack to me. I know we are all Bitcoin optimists here at the forum but is anyone thinking that Bicoin is gonna go down to $1000 level in the next 5 years?

Topic: Bitcoin at $1000? - page 4. (Read 520 times)