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Topic: Bitcoin value - page 8. (Read 996 times)

newbie
Activity: 154
Merit: 0
July 10, 2018, 07:54:56 PM
#68
Bitcoin is a big value for all consumers who join us like this but the main reason is the cooperation of a team such as the value is too much changing day and day the technology is not gain if it will be continued for this coming many years.
full member
Activity: 452
Merit: 101
July 10, 2018, 07:48:51 PM
#67
What escape path for Bitcoin?
The value of Bitcoin is still very high . Some problems of bitcoin are difficult to solve as :
- Slow transaction speed
- consumes a lot of energy
- It is banned in some countries
- Price manipulated
Is there a sustainable future for bitcoin and cryptocurrency ?
Bitcoin will become the coin of payment as its purpose is created. Or is it just a game of whales? A financial game with winners and losers
How do you know that bitcoin transactions speed is slow? Only need a few minutes to send bitcoin anywhere in the world. If bitcoin consume a lot of energy then bank system and other remittance agencies are spend a lot of energy and also money to complete every transactions for their customers.
sr. member
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
July 10, 2018, 07:13:40 PM
#66
BTC is now one of the most popular currencies in the world.Many people want to get into busniess with him.The value of the BTC is constantly changing, which is very good.Many people all over the world are constantly following the stock market, because their financial situation depends to some extent on that.
The price right now is quiet dumping again, but still the whole technology of bitcoin really makes a different. Yes, many big businesses now are wants to adopt the whole blockchain technology, and for sure bitcoin is one of them. Lets wait for more years and this dream will become reality.
jr. member
Activity: 122
Merit: 3
sunxcoin.com - crypto/Fiat exchange ecosystem
July 10, 2018, 07:00:54 PM
#65
BTC is now one of the most popular currencies in the world.Many people want to get into busniess with him.The value of the BTC is constantly changing, which is very good.Many people all over the world are constantly following the stock market, because their financial situation depends to some extent on that.
newbie
Activity: 174
Merit: 0
July 10, 2018, 07:00:34 PM
#64
You know it will be very difficult to sole these problems without the expert knowledge of the developer of this bitcoin. Energy consumption, slow transactions are more technical to deal with lets leave it to the expert. As for the issue of governments not accepting or banning bitcoin, this has to do with the fact that speculations are going round the world that bitcoin is used to fund terrorism.
legendary
Activity: 2044
Merit: 1115
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July 10, 2018, 05:28:46 PM
#63
I've heard that til 2021 the last bitcoin would be mined, and then I suppose we would get rid of those problems that you have listed here, but till that time, we can only manage those.

Nope. The last satoshis will be mined somewhere in 2140 and we all with a very high probability won't be able to see the shift from block subsidies to complete transaction fees. I would love to see it happen, but we don't even know if Bitcoin or crypto in general is still a thing by that time. I believe that if Bitcoin & co at some point are replaced, then it's not coming from other crypto currencies, but from a whole different technology doing everything in a far better way. I strongly hope that lightning network will work as we all hope it will work, because that helps the blockhain to remain relatively small even when we're decades away from now.

The block rewards will be made up of mostly transaction fees for a very long time before the actual last satoshis are mined. There are two things working together to make transaction fees take up a larger and larger portion of the block rewards over time. The first is the continual halving of the block rewards and the genesis of new coins through this process. The second is rising transactions and the corresponding rise in transaction fees. If the last satoshis will be mined in the 2140s, the transaction fees will constitute the majority of the block rewards for decades prior to that, if Bitcoin remains viable that long.
legendary
Activity: 1232
Merit: 1091
July 05, 2018, 06:40:04 PM
#62
I've heard that til 2021 the last bitcoin would be mined, and then I suppose we would get rid of those problems that you have listed here, but till that time, we can only manage those.

Nope. The last satoshis will be mined somewhere in 2140 and we all with a very high probability won't be able to see the shift from block subsidies to complete transaction fees. I would love to see it happen, but we don't even know if Bitcoin or crypto in general is still a thing by that time. I believe that if Bitcoin & co at some point are replaced, then it's not coming from other crypto currencies, but from a whole different technology doing everything in a far better way. I strongly hope that lightning network will work as we all hope it will work, because that helps the blockhain to remain relatively small even when we're decades away from now.
sr. member
Activity: 560
Merit: 286
July 05, 2018, 02:42:05 PM
#61
What escape path for Bitcoin?
The value of Bitcoin is still very high . Some problems of bitcoin are difficult to solve as :
- Slow transaction speed
- consumes a lot of energy
- It is banned in some countries
- Price manipulated
Is there a sustainable future for bitcoin and cryptocurrency ?
Bitcoin will become the coin of payment as its purpose is created. Or is it just a game of whales? A financial game with winners and losers
For sure Bitcoin will become a worlds digital currency and will be used all over the world. Many people are taking interest in Bitcoin due to its high profits and value. It is the most stable currency in the crypto market and has a large number of users all arounf=d the world. Surely Bitcoin will be highly demanded digital currency in the future.
sr. member
Activity: 1400
Merit: 283
July 05, 2018, 02:33:35 PM
#60
I've heard that til 2021 the last bitcoin would be mined, and then I suppose we would get rid of those problems that you have listed here, but till that time, we can only manage those.
I don't know where you got that information from but it is wrong, there is still at least  20% of the bitcoin to be mined and the mining difficulty is adaptive, meaning that it increases if people mine a lot and decreases if there are few people mining it. slow transaction in the bitcoin network are just a result of high traffic, but it is promised that soon there will be a launch of the lightning network technology that will allow sending and receiving transaction instantly, which will definitely make bitcoin great again.
sr. member
Activity: 1582
Merit: 352
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July 05, 2018, 02:12:34 PM
#59
- Slow transaction speed
It's not slow. Don't mix up transaction speed with confirmation times. I would even say that Bitcoin is faster than it has been before. As long as miners aren't trolling, the average block time of Bitcoin will remain below the 10 minute mark.

- consumes a lot of energy
It does and it should. Plenty of this energy is renewable. Smiley

- It is banned in some countries
Still doesn't prevent people from using it. Smiley Also, the term banned has been subject to heavy abuse by news sources. Bans aren't always bans.

- Price manipulated
It has always been, just like every traditional market is being manipulated.

Is there a sustainable future for bitcoin and cryptocurrency ?
Bitcoin will become the coin of payment as its purpose is created. Or is it just a game of whales? A financial game with winners and losers
Bitcoin has a sustainable future, where I am not really convinced in other coins, but they aim to serve other parts of this industry. Good luck to them.

Perhaps you should start spending Bitcoin in order to see how fast or slow it is. Blocks are coming through like it's a summer sale.  Cheesy
Yes I agree that Bitcoin will still be the best coin to be used for payment purposes and same as having a safe investment compared to Altcoins wherein they are dependent on Bitcoin. Since cryptocurrency is a community based asset then it can be manipulated by big players. I value the importance of Bitcoin because I know that one day it will give you and me a financial freedom. All my Altcoin investments will always be converted to Bitcoin because it is a much safer coin.
member
Activity: 255
Merit: 10
July 05, 2018, 01:55:07 PM
#58
 I've heard that til 2021 the last bitcoin would be mined, and then I suppose we would get rid of those problems that you have listed here, but till that time, we can only manage those.
legendary
Activity: 1540
Merit: 1029
July 05, 2018, 10:57:48 AM
#57
Bitcoin is worth exactly what someone is willing to pay for it. This is the same for anything in life. At the moment, Bitcoin is valuable, despite its recent setbacks.
legendary
Activity: 966
Merit: 1000
July 05, 2018, 10:54:09 AM
#56
- Slow transaction speed
Bitcoin transaction isn’t slow, whenever I exchange altcoin become bitcoin doesn’t take so long even my transactions are successful under 8 minutes. Maybe you can try to exchange your altcoin into bitcoin or use bitcoin in some companies that accept bitcoin as payment.
Is there a sustainable future for bitcoin and cryptocurrency ?
Bitcoin also has a good future but cannot be sure because bitcoin’s journey to a good future is still long. There are still many countries that ban bitcoin.
Every crypto currencies have the same tendency we all know the bitcoin is anonymous and volatile in nature. For this only we are investing our hard earned money into this crypto currencies. I see you guys are really feel panic about the price dump on bitcoin.
I hope you guys are started into bitcoin by 2017. That time bitcoin rapport is only big spike by taste it these things may be bitter for you but accept it and invest more to taste the profit again.
Yes it seems you are right. Most people just want to earn profits from bitcoin without thinking long that the price decrease can make loss and panic to sell bitcoin. Bitcoin is very extreme where the price rise and down drastically. Like a few days ago bitcoin was dropped to $ 5,800 and I'm sure at that price many people panicked and sold it. Today there must be a lot of new investors because the price has rebounded to $ 6,400 and that's where new investors buy from what has been sold by bitcoin holders who panicked seeing the price keep decreasing.
hero member
Activity: 2842
Merit: 772
July 03, 2018, 03:38:10 PM
#55
What escape path for Bitcoin?
The value of Bitcoin is still very high . Some problems of bitcoin are difficult to solve as :
- Slow transaction speed

The last time I checked, confirmation time is very quick. Haven't you heard about a $300 M transaction with $0.04 fees, confirmation in about 4 minutes? https://www.blockchain.com/btc/tx/39afcad6c4d0713ed291014315c4dcf2d81334275218c28fd354af45b7395c61.

- consumes a lot of energy

I don't know when investors started to become very alarm about mining consuming energy. I suspect that this is just another argument to throw off investors.

- It is banned in some countries

That's their own choice. We cannot control them.

- Price manipulated

Debatable. Any particular whales you are aware that manipulating the price from behind?

Is there a sustainable future for bitcoin and cryptocurrency ?
Bitcoin will become the coin of payment as its purpose is created. Or is it just a game of whales? A financial game with winners and losers

Of course its sustainable, the last bitcoin is not yet even mine and it will took many years before we can achieved time. I don't think that its a game of whales, because others have used to pay online, including myself.
legendary
Activity: 2044
Merit: 1115
★777Coin.com★ Fun BTC Casino!
July 03, 2018, 03:20:20 PM
#54
What escape path for Bitcoin?
The value of Bitcoin is still very high . Some problems of bitcoin are difficult to solve as :
- Slow transaction speed
- consumes a lot of energy
- It is banned in some countries
- Price manipulated
Is there a sustainable future for bitcoin and cryptocurrency ?
Bitcoin will become the coin of payment as its purpose is created. Or is it just a game of whales? A financial game with winners and losers
Yes the bitcoin value is still high for me too, even though the market is falling. Those problems should be quickly overcome if bitcoins are the coins of the future, at least make bitcoin transactions faster and give high support to bitcoin in many countries, so I'm sure bitcoin will become stronger as well as its possible price alone will be stable and will increase faster after the fall of the market as it is now.
Most of people are talking about the main reason which is the demand rate that controls the value of Bitcoin. The current value is 6k dollar which is still a low value and the conditions are favorable for the buyers. Moreover the low value is a benefit for buyers because it is very easy to get large quantity coins on the usage of low amount. All we need is to collect large quantity coins from this market which will payoff.

This is not a low value, in fact Bitcoin has been below this value for 90% of its life (maybe more). You're comparing it to its insane all time high and concluding it looks cheap from here, while people were doing that when it fell to $15,000 and $10,000 too. Yet it continued to drop because it wasn't cheap at those levels, it was still insanely overvalued. The point is, you can't arbitrarily look at the price at any given moment and have any rational basis for whether it is over priced or under priced. This assessment is only something that becomes apparent with hindsight. You could be falling into a bull trap with this type of thinking, which is just looking at price trends and concluding that because it's fallen so much, it's about to start going up when in reality it has only paused its descent and will soon resume falling. Trading is far riskier than anyone buying Bitcoin at these levels understands or acknowledges.
hero member
Activity: 627
Merit: 500
July 01, 2018, 02:54:35 PM
#53
I don't see bitcion transaction is slow maybe you've ever send money to someone.Try to use other transaction like pay-pal or bank transfer they'll gives you a lot time while bitcoin has no time limit they're fast easy and send money with more speed than anyone.Anyways even if they banned but people can't stop it its banned in my country but i still using it believe me it doesn't matter
member
Activity: 200
Merit: 10
June 30, 2018, 07:26:52 AM
#52
What escape path for Bitcoin?
The value of Bitcoin is still very high . Some problems of bitcoin are difficult to solve as :
- Slow transaction speed
- consumes a lot of energy
- It is banned in some countries
- Price manipulated
Is there a sustainable future for bitcoin and cryptocurrency ?
Bitcoin will become the coin of payment as its purpose is created. Or is it just a game of whales? A financial game with winners and losers
Yes the bitcoin value is still high for me too, even though the market is falling. Those problems should be quickly overcome if bitcoins are the coins of the future, at least make bitcoin transactions faster and give high support to bitcoin in many countries, so I'm sure bitcoin will become stronger as well as its possible price alone will be stable and will increase faster after the fall of the market as it is now.
Most of people are talking about the main reason which is the demand rate that controls the value of Bitcoin. The current value is 6k dollar which is still a low value and the conditions are favorable for the buyers. Moreover the low value is a benefit for buyers because it is very easy to get large quantity coins on the usage of low amount. All we need is to collect large quantity coins from this market which will payoff.
newbie
Activity: 157
Merit: 0
June 28, 2018, 02:51:25 PM
#51
bitcoin ecosystem are more likely for a transaction method or payment. but people looking in this as a investment method in them. if many people are investing in bitcoin and make bitcoin too much out with it ecosystem it can make bitcoin suffer too much
sr. member
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
June 28, 2018, 02:48:07 PM
#50
Bitcoin should be kept for a long time for quality and development of Bitcoin, when the cost of Bitcoin is low, then it should be kept back and when the price goes out, then it will be sold.Bitcon.
I think bitcoin becomes more valuable when we consider it as a long-term investment because we can really gain huge profits from holding it patiently.But let's also consider the true value of bitcoin which is to become a global currency in the near future.Remember it's the main goal of having a cryptocurrency and making it as an investment will just fall on the second option.
That's why cryptocurrency is invented and yet people still thinking about just making money here because they thought cryptocurrency only good for that one. Bitcoin will increase its value in the future and if you are still holding bitcoin your futute will be good.
member
Activity: 401
Merit: 10
June 28, 2018, 02:17:33 PM
#49
Although there are so many polemics that block the bitcoin to be known by the people and the bitcoin price is down I may not be affected and about the value of bitcoin today many are judging that bitcoin as an open investment tool as a tool of future transactions because we still have paper currency or metal make Doing a transaction so we better make bitcoin as an investment tool only
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