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Topic: Bitcoin VS Time - page 2. (Read 2963 times)

klf
legendary
Activity: 1344
Merit: 1000
September 13, 2016, 12:11:33 AM
#69
I predict 2017 will be greater year than this year, with a lot of online store trying to adapt bitcoin like openbazaar and other store, i believe next year we will see more and more store and there will be increasing bitcoin user, which is going to make bitcoin price up and stronger

Yes, if more and more big shops start accepting bitcoins then its demand will grow, and prices also will go up. Fiverr is also accepting bitcoins as a payment to buy their gigs but we can't withdraw our earning in bitcoins as of now. Maybe slowly they will include this feature as well.
sr. member
Activity: 336
Merit: 250
September 13, 2016, 12:10:25 AM
#68
All the altcoins and all the faint are the compitetors of bitcoin but can it beat itself on the time period. We know that before a long time ago during bitcoin launch time mt. Gox exchange was the reason who rised its price from 5$ to 1000$ and i do not think we have seen any year like that.so can anyone can say about it?or any precious year your remember

It only shows that no one can foretell the fate of bitcoin.  It is always on how people will use bitcoin just like commodities like oil and gold.  We know that if the supplies are many, the price will goes down and if the price is up it means that there is a limited supply of that commodity.  The hacking that happened this year is just another factor that we do not know what will happen on bitcoin in the near future.  We just need to continue patronizing it.
hero member
Activity: 1274
Merit: 516
September 12, 2016, 11:51:18 PM
#67
I predict 2017 will be greater year than this year, with a lot of online store trying to adapt bitcoin like openbazaar and other store, i believe next year we will see more and more store and there will be increasing bitcoin user, which is going to make bitcoin price up and stronger
hero member
Activity: 2282
Merit: 505
September 12, 2016, 08:09:04 PM
#66
There will always be negative events in any financial market. 'A Bad year for bitcoin' isn't defined purely by one or two negative events, or the fact that bitcoin values haven't grown as much as you would hope (which is still around 39% since January 1st - an above average result for any financial market).
Considering that bitcoin is becoming more widely accepted, 2016 could be seen as a success regardless of the change in bitcoin value - for example, you can now spend your bitcoin at Dunkin Donuts. This is a massive win for the acceptance of bitcoin into society.

Just because your expectations weren't met, doesn't mean it's a "bad" year already. There are a lot of other factors that needs to be given consideration and I can make a long list of it. See, this year, despite the finex event, actually is a good one because a lot happened and there was so much movement.
That's useless for commenting about the another person's expectation caused by, his are making that for himself and in fact like your site beside of the finex's cases, we know there are a lot of waves in bitcoin, like the price is increasing for a lot and get their stabilization until this time and i think if we are wanna seeing from the another perspective we will get a lot of answer for that. realize about the realistic will be better than dreaming about the expectation.
newbie
Activity: 28
Merit: 0
September 12, 2016, 06:50:04 PM
#65
This thread really gets a person thinking about TIMING for making a significant move.  I bought a few more coins early this year and felt like I over paid, remembering how they bottom'd out last summer 2015.  I ended up pleasantly surprised.  I find I am now gaining more confidence that BTC can weather the ups and downs that happen every year.  I am pretty confident that a long range thinker is in a good industry.  You just have to resist the urge to "bolt" on the down cycles by looking at the history of the coin.

There is an investment tidbit that 'time in the market beats timing the market'. Very few people an accurately and consistently predict price movements in the short term. There are only a handful of stock investors who can  provably time the market on an ongoing basis, so what makes bitcoin any different? We don't know what events could unfold tomorrow - bitcoin could be accepted by major retailers (boosting demand) or world governments could find a way to track and tax bitcoin transactions (lowering demand). Major accounts could be comrpimised and the risk of BitCoins being stolen could increase. I'm not saying either event will happen, you can only bet on what you think is likely.
sr. member
Activity: 406
Merit: 250
September 12, 2016, 05:47:29 PM
#64
I think that 2016 is not really good year for bitcoin, and i know about halving and other good stuff, but what about bitfinex?  A lot of money was lost and it's not over.
hero member
Activity: 758
Merit: 606
September 12, 2016, 05:24:14 PM
#63
This thread really gets a person thinking about TIMING for making a significant move.  I bought a few more coins early this year and felt like I over paid, remembering how they bottom'd out last summer 2015.  I ended up pleasantly surprised.  I find I am now gaining more confidence that BTC can weather the ups and downs that happen every year.  I am pretty confident that a long range thinker is in a good industry.  You just have to resist the urge to "bolt" on the down cycles by looking at the history of the coin.
sr. member
Activity: 420
Merit: 250
September 12, 2016, 04:42:48 PM
#62
I think this year 2016 will also be remembered as a bad year for bitcoin due to recent bitfinex hack. In which 1,00,000+ bitcoin were stolen which is comparatively big and due to which market get dumped so hard. 

True, but even the price is dumped and lowered  the bitcoins price because of bitfinex hacked coins but as we can see it still manages to increase its price gradually. We really do expect some  up's and downs of  the price and its normal because of some circumtances but still  the uptrend  is still there, we must all be patient.
Very observant! I’m glad people like you exist and it is just proof that people can see the trends. I too notice that while the hacks may make bitcoin seem less reliable, it is actually still slowly gaining value. That’s because people like us know these security issues will be fixed and bitcoin will continue to gain momentum.
Bitfinex theft case is the biggest disadvantage of the stock exchange Bitcoin,Given the numbers, the theft case has triggered many levels of confusion and frustration among market traders bitcoin prices fell sharply after the news came out but now is back to normal,the bad news is no longer disrupt the current bitcoin prices.
sr. member
Activity: 555
Merit: 252
September 12, 2016, 04:30:56 PM
#61
I think this year 2016 will also be remembered as a bad year for bitcoin due to recent bitfinex hack. In which 1,00,000+ bitcoin were stolen which is comparatively big and due to which market get dumped so hard. 

True, but even the price is dumped and lowered  the bitcoins price because of bitfinex hacked coins but as we can see it still manages to increase its price gradually. We really do expect some  up's and downs of  the price and its normal because of some circumtances but still  the uptrend  is still there, we must all be patient.
Very observant! I’m glad people like you exist and it is just proof that people can see the trends. I too notice that while the hacks may make bitcoin seem less reliable, it is actually still slowly gaining value. That’s because people like us know these security issues will be fixed and bitcoin will continue to gain momentum.
legendary
Activity: 1554
Merit: 1054
September 12, 2016, 03:02:45 PM
#60
There will always be negative events in any financial market. 'A Bad year for bitcoin' isn't defined purely by one or two negative events, or the fact that bitcoin values haven't grown as much as you would hope (which is still around 39% since January 1st - an above average result for any financial market).
Considering that bitcoin is becoming more widely accepted, 2016 could be seen as a success regardless of the change in bitcoin value - for example, you can now spend your bitcoin at Dunkin Donuts. This is a massive win for the acceptance of bitcoin into society.

Just because your expectations weren't met, doesn't mean it's a "bad" year already. There are a lot of other factors that needs to be given consideration and I can make a long list of it. See, this year, despite the finex event, actually is a good one because a lot happened and there was so much movement.
legendary
Activity: 1302
Merit: 1027
September 12, 2016, 11:49:58 AM
#59
All the altcoins and all the faint are the compitetors of bitcoin but can it beat itself on the time period. We know that before a long time ago during bitcoin launch time mt. Gox exchange was the reason who rised its price from 5$ to 1000$ and i do not think we have seen any year like that.so can anyone can say about it?or any precious year your remember

I dont think that Any Altcoin can beat the Bitcoin not only previous but coming future price also they are not able to sustain, even ETH and Monero coin are trying hard, but still they have to go some more years to touch atleast the current price of Bitcoin.

About the Mt.Gox exchange period in that time bitcoin users were less so they were able to manipulate the price but today it is far more users so manipulate that much price is highly not possible in my sense. I mean is only manipulate price to that high and then lower it, but the price now it is very steady and it will only go more high and in coming year 2017 if every thing goes smooth then we can surely see the price of bitcoin above $1000+.
hero member
Activity: 2912
Merit: 642
September 12, 2016, 11:41:48 AM
#58
I think this year 2016 will also be remembered as a bad year for bitcoin due to recent bitfinex hack. In which 1,00,000+ bitcoin were stolen which is comparatively big and due to which market get dumped so hard. 

Yes but it is not that very high to fall. It is still stabilized as early as possible. We lost $100 but it didnt go beneath it numbers. You can also remember it as the bitcoin strongest fight even in its darker days. Bitfinex as we all knew got a large amount of bitcoin in their hands. But still bitcoin fought with it and now making its way back again to the top.
hero member
Activity: 560
Merit: 502
September 12, 2016, 11:31:08 AM
#57
I think this year 2016 will also be remembered as a bad year for bitcoin due to recent bitfinex hack. In which 1,00,000+ bitcoin were stolen which is comparatively big and due to which market get dumped so hard. 

Really ? Even with bitfitnex hack, the price of bitcoin back to normal again. For me, 2016 is really a good year for bitcoin, because we have the halving and it's make the price of bitcoin increase so high.
Really? I thought that every year without new ATH is wasted.

Wasn't peak of bitcoin in 2013 and since that time bitcoin live only because bitcoiners are dreaming of the future when it will be worth millions?
hero member
Activity: 1260
Merit: 524
September 12, 2016, 11:29:22 AM
#56
2017 will be the year of Bitcoin everybody remembers - price increase from $800 to $7000

Wow, do you have some pretty good evidence or what background you say it..?? . because I see that the growth of the bitcoin is still pretty stable, so in the next year (2017) I think the price is bitcoin has not reached $ 7000.

there is a big chance that bitcoin will pump up next year but not around 1000 to 7000 dollars, everyone has their own opinion with it and there is no accurate changes to say as early.

Yes everyone has it's own opinion but opinion should have some basis compare to speculation.

Any support for that "big chance" you are talking too pointing to that pump? Im sure you will not say that if you don't see any factors about that thing "next year".

Giving opinion is not just like that you can say something , their should be some logic to say the price, from $800 to $1000 is ok because that much price can move up in the next coming year as their is so much time that we can get nice news about bitcoin supporting or else some trading news also can come.

In my view logically $800 to $1000 price is achievable in 2017
legendary
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
September 12, 2016, 11:25:51 AM
#55
2017 will be the year of Bitcoin everybody remembers - price increase from $800 to $7000

Wow, do you have some pretty good evidence or what background you say it..?? . because I see that the growth of the bitcoin is still pretty stable, so in the next year (2017) I think the price is bitcoin has not reached $ 7000.

there is a big chance that bitcoin will pump up next year but not around 1000 to 7000 dollars, everyone has their own opinion with it and there is no accurate changes to say as early.

Yes everyone has it's own opinion but opinion should have some basis compare to speculation.

Any support for that "big chance" you are talking too pointing to that pump? Im sure you will not say that if you don't see any factors about that thing "next year".
hero member
Activity: 1092
Merit: 520
September 12, 2016, 11:05:44 AM
#54
i would argue that it was Gox that raised the bitcoin price, the price of bitcoin is based on the fundementals at the time and the size of user base.  Gox did however let likeminded people exchange something that really is great when you incounter it.
hero member
Activity: 868
Merit: 503
September 12, 2016, 10:55:28 AM
#53
the two biggest factors come against each other and there is a happy place somewhere in the middle.  the increasing difficulty, mixed with the lowering block rewards over time create a truly scientific environment.  people are the odd factor, but they act based on a series of factors too.  eventually, prior to the entire number of coins coming into circulation, the price will find a place and settle in for a long time, maybe here at $600, then once the currency is accepted and used to a large degree by the general population, the price will alter again and eventually settle in at a new price, finally, once the last coins come out and there are no more, a new happy price will eventually emerge
hero member
Activity: 700
Merit: 500
morir es descansar
September 12, 2016, 10:45:58 AM
#52
2017 will be the year of Bitcoin everybody remembers - price increase from $800 to $7000

Wow, do you have some pretty good evidence or what background you say it..?? . because I see that the growth of the bitcoin is still pretty stable, so in the next year (2017) I think the price is bitcoin has not reached $ 7000.

there is a big chance that bitcoin will pump up next year but not around 1000 to 7000 dollars, everyone has their own opinion with it and there is no accurate changes to say as early.
hero member
Activity: 756
Merit: 520
September 12, 2016, 10:40:52 AM
#51
2017 will be the year of Bitcoin everybody remembers - price increase from $800 to $7000

Wow, do you have some pretty good evidence or what background you say it..?? . because I see that the growth of the bitcoin is still pretty stable, so in the next year (2017) I think the price is bitcoin has not reached $ 7000.
newbie
Activity: 28
Merit: 0
September 12, 2016, 08:51:16 AM
#50
There will always be negative events in any financial market. 'A Bad year for bitcoin' isn't defined purely by one or two negative events, or the fact that bitcoin values haven't grown as much as you would hope (which is still around 39% since January 1st - an above average result for any financial market).
Considering that bitcoin is becoming more widely accepted, 2016 could be seen as a success regardless of the change in bitcoin value - for example, you can now spend your bitcoin at Dunkin Donuts. This is a massive win for the acceptance of bitcoin into society.
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