Bitcoin Price Will Likely Fall to $1,500: Bloomberg Analyst

Pursuer

legendary

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Where is my ring of blades...

Quote from: jadenunderhill on December 11, 2018, 03:32:56 AM

As I answered before, Ripple was just an example. And yes, I think that centralized currency is that what modern consumer wants.

based on your previous answer you are confusing the different types of centralization.
we have fiat that is centralized but it is trusted and used and adopted by EVERYONE. people don't doubt about fiat. it is legitimate.
we also have shitcoins that are centralized but they are shitcoins, they don't deserve the trust because they are created by a company or some group of shady people who started it to make money. Ripple and a lot of other altcoins fall under this category and that is why they will never succeed.

on the other hand if the government that is already controlling fiat were to release a centralized cryptocurrency that would be a different thing. it will be trusted and used by lots of people because they will see it as fiat.
however that has nothing to do with bitcoin or any other decentralized currency that may exist out there. specially since bitcoin and the likes of it are global and cheap to use while centralized coins (gov-coin) are limited to one country and expensive to use.

Wind_FURY

legendary

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Quote from: jadenunderhill on December 11, 2018, 03:14:43 AM

Quote from: Wind_FURY on December 11, 2018, 01:16:28 AM

Quote from: jadenunderhill on December 10, 2018, 02:36:18 PM

Quote from: Wind_FURY on December 10, 2018, 03:57:27 AM

It could. But with what cryptocurrency? Cool

Who knows) May be it isn't created yet or so unpopular we never heard about it or may be it would be Ripple

Hahahaha! I believe you are still in the initial stages of your cryptocurrency journey, sorry for laughing. But you remind me of "me" when I discovered all this craziness. I also thought Bitcoin was this "slow, old" technology that needed to replaced by something newer, and faster. Then the more I learned, the more I found that Bitcoin, with all its imperfection, is the "gold standard" of cryptocurrencies.

I am very confident you, and every newbie, will discover it too. The misinformation will be memefied.

No, my 4.5 years "cryptocurrency journey" is about to end. And yes, naive idealists make me hahahahaha)

Then it might need more than 4.5 years for some people to deeply learn what Bitcoin is, where it's going, and why it is indeed better than all the altcoins. Especially the centralized tokens like Ripple.

Good luck in your journey.

creeps

full member

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Quote from: marcbitcoins on December 11, 2018, 02:11:51 AM

It might fall and might be not but honestly i don't believe in predictions anymore as all predictions like this did not happen as desired and many famous experts in predictions are now became foolish because of this bearish market in which still in effect so better lets wait and see for what will be the next for this market.

Me also, I stop believing in predictions because anyone can do that and in cryptomarket everything is possible. I’d rather be prepared if we hit the bottom so I can buy more. The bottom is very near, let’s just wait for that moment and do your best decision. $1500 for bitcoin is too attractive for the investors and for sure many whales will took advantage.

b3j0

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honestly I really hate predictions like this, because predictions like this can make someone lose the spirit to hold bitcoin. The price of Bitcoin has fallen very far and I don't want the price of bitcoin to fall further.

1Referee

legendary

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Quote from: thecodebear on December 11, 2018, 02:14:13 PM

But I can tell you one thing for sure, as a holder, nothing would excite me more than to be able to continue to buy in the $3000s (or even lower!) for the next half year. I'm almost as excited right now as I was last year during the bull run!

Same here. People are too stupid to realize that this is very likely the last ever opportunity to buy coins at these levels. It boggles my mind that even some of the olders members here are stuck in their rooky mindset. They say they believe in Bitcoin yet are afraid that the price will completely collapse. These are the times where real hodlers seperate themselves from the rest.

I'm of course not celebrating that this market has turned into a pile of rubbish, but I'm just utilizing my opportunities the best way I can instead of complaining. It won't sell off for ever. Wink

Quote from: ?? on ??

So many speculation we hear yet still no one cant predict the exact price of bitcoin and I think no one can ever predict what will be happen to bitcoin.

Welcome in the speculation section, the place where experts share thoughts.

Adriano2010

hero member

Activity: 1414

Merit: 516

Really i don't think the price will go so down, anyway is better to hold. I will hold even if goes more down i will still hold because i think we will have a good price when bull run will start or when a big news will come.

thecodebear

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Quote from: Barbarian on December 11, 2018, 12:47:03 PM

At this point nothing will surprise me, the market is moving in a very erratic way and nothing tells me that it is going to become stable soon so most likely the crash that we are seeing is going to continue for some more months which is terrible news for those that are holding their coins.

only if you sell.

all you have to do is continue holding and wait for the next boom, as has always been the case. If the bear market continued and the price kept going down for a few more months that isn't terrible news for holders, that is great news because it means there's plenty of great buy opportunities - and then you can have more to hold! I don't think the price will sink for months though, we're probably now in the bottom range of the price. The only reason it sunk this low is because of the BCH fork panic selling, otherwise the price had stabilized $3k higher. Looks like now $3000s is roughly where the price will stabilize for lets say the next half year. Only time will tell of course! But I can tell you one thing for sure, as a holder, nothing would excite me more than to be able to continue to buy in the $3000s (or even lower!) for the next half year. I'm almost as excited right now as I was last year during the bull run!

Barbarian

sr. member

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Merit: 250

At this point nothing will surprise me, the market is moving in a very erratic way and nothing tells me that it is going to become stable soon so most likely the crash that we are seeing is going to continue for some more months which is terrible news for those that are holding their coins.

jadenunderhill

full member

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Quote from: Pursuer on December 11, 2018, 02:15:31 AM

Quote from: Wind_FURY on December 11, 2018, 01:16:28 AM

Quote from: jadenunderhill on December 10, 2018, 02:36:18 PM

Quote from: Wind_FURY on December 10, 2018, 03:57:27 AM

It could. But with what cryptocurrency? Cool

Who knows) May be it isn't created yet or so unpopular we never heard about it or may be it would be Ripple

Hahahaha! I believe you are still in the initial stages of your cryptocurrency journey, sorry for laughing. But you remind me of "me" when I discovered all this craziness. I also thought Bitcoin was this "slow, old" technology that needed to replaced by something newer, and faster. Then the more I learned, the more I found that Bitcoin, with all its imperfection, is the "gold standard" of cryptocurrencies.

I am very confident you, and every newbie, will discover it too. The misinformation will be memefied.

really? I never had that phase. and I have started with bitcoin back in one of the most FUD filled times back in 2014 when price was falling hard and here was filled with a lot of FUD about how bitcoin is dead, something like these days actually.
and every time I heard someone say some altcoin is better than bitcoin with some "fury" I knew they are full of it trying to hype it up to pump it up...
specially a coin like ripple which is obviously centralized...

As I answered before, Ripple was just an example. And yes, I think that centralized currency is that what modern consumer wants.

jadenunderhill

full member

Activity: 293

Merit: 109

Quote from: Herbert2020 on December 11, 2018, 12:54:43 AM

Quote from: jadenunderhill on December 10, 2018, 02:36:18 PM

Quote from: Wind_FURY on December 10, 2018, 03:57:27 AM

It could. But with what cryptocurrency? Cool

Who knows) May be it isn't created yet or so unpopular we never heard about it or may be it would be Ripple

haha, keep on dreaming. Doge coin has a better chance of being it than a centralized shitcoin such as Ripple Cheesy

as for changes that you are talking about above, it is not hard at all but the problem is that the "change" needs to be actually good and not controversial with lots of downsides and security issues.
if you have a proposal we are open to hearing it! but it seems like you only have imagination.

Yes, thank you. I really believe that imagination it one of the most great human qualities.

Ripple was just an example. In fact, I think that it will be a cryptocurency of group of banks or state project like US or EU. And yes, It will be centralized. You see, nobody cares about some decentralization. 99% don't even know what this word means. But what they Does know, that currency must be a) fast b) comfortable c) cheap to use.

So, when world banks for example would decide (maybe they already did) to create their own cc, they would make it cheap and fast and confortable. And freely converted to fiat via one button push on Iphone screen. And with Paypal support. If they also would spend some billions for advertising (they should), well... Bitcoin would be a curency for small groups of geeks and criminals. With its cost about $100.

Yes, I do have some proposals. Not tech, because although I studied the BTC blockchain technology (I am a programmer), I do not consider myself an expert enough. But I have some propaganda ideas.

jadenunderhill

full member

Activity: 293

Merit: 109

Quote from: Wind_FURY on December 11, 2018, 01:16:28 AM

Quote from: jadenunderhill on December 10, 2018, 02:36:18 PM

Quote from: Wind_FURY on December 10, 2018, 03:57:27 AM

It could. But with what cryptocurrency? Cool

Who knows) May be it isn't created yet or so unpopular we never heard about it or may be it would be Ripple

Hahahaha! I believe you are still in the initial stages of your cryptocurrency journey, sorry for laughing. But you remind me of "me" when I discovered all this craziness. I also thought Bitcoin was this "slow, old" technology that needed to replaced by something newer, and faster. Then the more I learned, the more I found that Bitcoin, with all its imperfection, is the "gold standard" of cryptocurrencies.

I am very confident you, and every newbie, will discover it too. The misinformation will be memefied.

No, my 4.5 years "cryptocurrency journey" is about to end. And yes, naive idealists make me hahahahaha)

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

Quote from: Wind_FURY on December 11, 2018, 01:16:28 AM

Quote from: jadenunderhill on December 10, 2018, 02:36:18 PM

Quote from: Wind_FURY on December 10, 2018, 03:57:27 AM

It could. But with what cryptocurrency? Cool

Who knows) May be it isn't created yet or so unpopular we never heard about it or may be it would be Ripple

Hahahaha! I believe you are still in the initial stages of your cryptocurrency journey, sorry for laughing. But you remind me of "me" when I discovered all this craziness. I also thought Bitcoin was this "slow, old" technology that needed to replaced by something newer, and faster. Then the more I learned, the more I found that Bitcoin, with all its imperfection, is the "gold standard" of cryptocurrencies.

I am very confident you, and every newbie, will discover it too. The misinformation will be memefied.

really? I never had that phase. and I have started with bitcoin back in one of the most FUD filled times back in 2014 when price was falling hard and here was filled with a lot of FUD about how bitcoin is dead, something like these days actually.
and every time I heard someone say some altcoin is better than bitcoin with some "fury" I knew they are full of it trying to hype it up to pump it up...
specially a coin like ripple which is obviously centralized...

marcbitcoins

full member

Activity: 854

Merit: 108

It might fall and might be not but honestly i don't believe in predictions anymore as all predictions like this did not happen as desired and many famous experts in predictions are now became foolish because of this bearish market in which still in effect so better lets wait and see for what will be the next for this market.

bitcoinisbest

hero member

Activity: 1218

Merit: 557

Quote from: Wilhelm on December 10, 2018, 04:10:15 AM

Fake news

It is just a number which even if said is not true. Because market will not fall below 3k so any prediction done by people that it will reach to 2k, 1k etc are just imaginary. We are looking for 2019 to begin positively and if it can rise to 10k and above in next couple of months it will be great.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: jadenunderhill on December 10, 2018, 02:36:18 PM

Quote from: Wind_FURY on December 10, 2018, 03:57:27 AM

It could. But with what cryptocurrency? Cool

Who knows) May be it isn't created yet or so unpopular we never heard about it or may be it would be Ripple

Hahahaha! I believe you are still in the initial stages of your cryptocurrency journey, sorry for laughing. But you remind me of "me" when I discovered all this craziness. I also thought Bitcoin was this "slow, old" technology that needed to replaced by something newer, and faster. Then the more I learned, the more I found that Bitcoin, with all its imperfection, is the "gold standard" of cryptocurrencies.

I am very confident you, and every newbie, will discover it too. The misinformation will be memefied.

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: jadenunderhill on December 10, 2018, 02:36:18 PM

Quote from: Wind_FURY on December 10, 2018, 03:57:27 AM

It could. But with what cryptocurrency? Cool

Who knows) May be it isn't created yet or so unpopular we never heard about it or may be it would be Ripple

haha, keep on dreaming. Doge coin has a better chance of being it than a centralized shitcoin such as Ripple Cheesy

as for changes that you are talking about above, it is not hard at all but the problem is that the "change" needs to be actually good and not controversial with lots of downsides and security issues.
if you have a proposal we are open to hearing it! but it seems like you only have imagination.

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: jadenunderhill on December 10, 2018, 02:59:00 AM

I'm not sure that Bitcoin is Amazon. Bitcoin is slow, it consumes a huge amount of electricity, and it is almost immposible to make any useful changes because miner groups or big exchanges will block any decision. Its only advantage that it was first and that is why it is more popular. This could change.

if you try to make block time much faster, you start sacrificing security. you'll see much more orphaning and users should thus require more confirmations before consider a payment settled. blockchains with faster block times are just less secure.

it does consume a lot of electricity, but so does the banking industry. so does gold mining. if bitcoin is to take a chunk out of their market shares, maybe it's justified considering the level of security bitcoin's POW provides.

miners blocking segwit showed that BIP9 was an ineffective way of implementing soft forks. the UASF approach might be a better route.

jadenunderhill

full member

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Quote from: Wind_FURY on December 10, 2018, 03:57:27 AM

It could. But with what cryptocurrency? Cool

Who knows) May be it isn't created yet or so unpopular we never heard about it or may be it would be Ripple

Wilhelm

legendary

Activity: 1652

Merit: 1265

Fake news

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: jadenunderhill on December 10, 2018, 02:59:00 AM

I'm not sure that Bitcoin is Amazon. Bitcoin is slow, it consumes a huge amount of electricity,

Comparing it to "Amazon" is not very flattering. But Bitcoin is still the most secure censorship-resistant cryptocurrency out there. Bitcoin is not merely a consumer payments product, it is hard money.

Quote

and it is almost immposible to make any useful changes because miner groups or big exchanges will block any decision.

Because it is truly decentralized.

Quote

Its only advantage that it was first and that is why it is more popular. This could change.

It could. But with what cryptocurrency? Cool

Topic: Bitcoin Price Will Likely Fall to $1,500: Bloomberg Analyst (Read 849 times)