Topic: Bitcoin: Rising or Falling? - page 3. (Read 2136 times)

It's not just going anywhere, it's just that the competitors have already started their games, I really thank God that Bitcoin is still the major chain amongst all those bullshit forks that are just popping up with a simple purpose of making money over noobs. But the problem is, miners should now understand that what they are taking (which is ~ between $10 - $100) is way too far from the actual fee we used to pay before, and i.e.; $0.1 - $1.
It's not like trading will stop, but people are now bound to wait more and then make a better amount in terms of coins to trade (so to satisfy their mind by paying a fee for two transactions in just one by combining both of them). But as said, miners should adjust the fee structure else the time is not too far for everyone switching to some alts to satisfy their needs and Bitcoin will only remain there as an asset (which it already is), but will be seen as something not worth to be invested in due to these issues.


Become? They are already too much high. Compare to previous times and check now, we now pay more than 1000% over fees too, are we here for the same? I understand that the computational power that Bitcoin takes, needs higher returns too for the miners in order to continue mining, but still if all this and majorly, halving is considered, I believe that the maximum we should currently pay in fees must be not more than $2 (taking $1 as previous fees) because $0.5 was normal when miners were getting 50 BTC rewards and now, after the second halving, they get 12.5. What's more important to them? BTC or fiat?


Not in this case, because it's completely based on the tendency as well as intentions of mining community. You said correctly that people might leave because of the fees but dumping their coins is actually not going to happen as they know what they have invested in.

I don't know, but looking back at the past experiences itcoin's price seems to always drop at the end  and the begining of every year, i mean last year we had the bitcoin go down from 1000$ to 700$, i don't really know the reson behined it but i think that is due to the fact that many poeple are cashing out what they have earned all year long, and i think many people will do the same this year as well so we might witness a slight drop in the price, it surely won't fall to 1000$ like you said, probably arount 12k 13k at max.

Really you think that will fall to 1000$ ? I hope you meant to say 10000$ which may be fair considered the rise all started after it crossed 10k and then the upswing continued and seems it will still continue to some extent before a break out might happen. This year its being the bitcoin year where people across globe now wants to get the hands on it.

It depends completely on what people value the currency as. Since there is a limited amount, owning some Bitcoin will give you a portion of the total. Lets say you own 1 percent of the total. If the Bitcoin economy was buying and selling 1 million dollars a day, your 1 percent is worth 1 percent of that 1 million, or $10,000.

The way I see it the problem with the high fees can go in one of two scenarios:
1. Confirmation times and fees become too high for many people, and they will simply slow or completely stop trading. A decrease in trading volume can make the price to fall down, but the main effect will be shorter confirmation times (less transactions to process) in the short term, and lower fees (as there will be more competition on the transactions between miners) in the long term.
2. Fees become high enough to make it profitable for more people to join into/open new pools. This will increase the computing power on the net and will get the same effects as scenario 1 in short and long term.

Of course there can always be scenario number 3 where too many people get frustrated with the current high price and poor performance of the network, and massively dump their bitcoin. But in my opinion this is less likely to happen. Usually those problems that are caused by people overwhelming the market just solve themselves, as the market tends to balance.

The following trends have a positive impact on the price of btc:

- greater demand led by new investors and speculators

- more use cases as more spartups launch their blockchain products
 
- rsk rollout could generate further demand

- lighting network should boost confidence and provide some answers to those who doubt

Here are the negative signals:

- growing fear of governments could lead to further bans

- scams and hacking can put people off

- scalability and efficiency issues if not resolved early enough

Greetings From zurich

I think the future of bitcoin should be a foundation  for many application chains.

Bitcoin shouldn't always be treated as a currency, actually it can't replace the legal moneys system.  But we can set up a new blockchains world base on the expensive bitcoin chain.

You know, mining is many. There are large farms, small farms, in the truest sense of the word farms. Farmers raise livestock, cryptocurrency, because they have, for example, private wind turbines or small hydroelectric. This is a widespread trend.The number of people employed in the industry of cryptocurrencies is constantly increasing , this is followed by a conclusion by the end of 2017 prices will soar to the heavens.BTC

While there is a demand for bitcoins, there will always be a supply.

I join bitcoin recently.... and i am enjoying it. Regretting when i did join when it was merely a few dollars . But we are here today. with time bitcoin will find solution to it's problem and i think they have already. Let's how next will be for bitcoin.

Why is by just mooning while ethereum is having a pullback?

In my opinion, bitcoin is a natural transition to the era of the digital economy, after some time, bitcoin will disappear or transform beyond recognition, but it will do its historical work, it will become the basis for new technologies.

The chance that it might fall again is so low and I don't think that it would go down for almost $5k anymore bit who knows? On the other hand, chances that it will go up or surge again is like a a 100% sure because of its demand. Many experts says that it could even go up to $25k by this end of year or possible that on 2018 it will surge to $30k, but the only hindrance that bitcoin's facing are the rumor that 2018 will be an ALTs year and possible many of them will skyrocketed.

I think bitcoin will raising to a new price soon.

Btc is now booming, and soon other countries who banned btc will then use it. I think btc will have a small chance of falling.

In the long time, btc will always rise. It may fall back some 1000$, but on the long term it will always come back and rise further.

To all those who are posting here with their so-called "SPECULATIONS", I guess they are illiterate enough not to read the whole OP and just posting that it will go up and rise and go to 20k or 100k or blah blah!

Do you guys even know what are you talking about? And what did I say here?

I am saying that the issues are not resolving and we need a solution as when some day, after the whole world adopts and uses Bitcoins, do you really think you will be able to cope up even with the size of blockchain? And what about the total unconfirmed transactions? This is what I want a solution for, and not what you guys are saying.

Do you see one thing here?

Let me show you one scenario quoting 2 guys' posts:


This one looks quite reasonable because I am seeing altcoins' usage being increased as people are just using them as a medium to sell their "Bitcoins" through alts that possess least fees. You know, I sold my Bitcoins via DGB and the trader made more than 30% on it as when I bought DGB and sold them, it was at 90 and the day I sold the trader, he made over 30% after the pump. So, this clarifies that Bitcoin is not going to be bought too much when it becomes completely unaffordable or an opportunity that slips out of hands.


No, it isn't and you can't use it to buy anything over the internet if you compare the fees that you pay. While with gold, it's not the same as it possess a stable value and you don't need to use it for payment. But, you forgot one thing maybe, that even gold was once used to be a mode of payment as when people used to buy things for Gold pennies - that's called barter trading.

The price of bitcoins as a whole has risen, in volume and in demand

Btc has been rising everyday forcs month now. Perhaps it might stabilize but it will never stop soaring nxt year. 2017 is a great year for btc and the years to come it will get stronger.

That is a start.