BTC would be even more valuable if some things are solved

RoommateAgreement

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Bazinga!

Quote from: alyssa85 on March 24, 2016, 11:33:23 AM

Quote from: Red-Apple on March 24, 2016, 10:02:26 AM

i don't think that solving the block size debate is going to change the price by that much.
it would be a good news and for sure it is going to raise the price and maybe cause the halving bubble that we were waiting for.

but the real rise will come only by mass adoption in every store and services online and offline.

The block size debate is holding back mass adoption. Basically, unless BTc can handle large numbers of transactions, there is not going to be mass adoption.

so you are saying businesses like Amazon, Ebay,... and many people who are not accepting bitcoin is because they know that blocks are full?!!!

because that is not right. besides if you check unconfirmed transactions from time to time, there is normal amount of ~2000 unconfirmed if there is no attack. so i don't even see any urge.

alyssa85

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Quote from: Red-Apple on March 24, 2016, 10:02:26 AM

i don't think that solving the block size debate is going to change the price by that much.
it would be a good news and for sure it is going to raise the price and maybe cause the halving bubble that we were waiting for.

but the real rise will come only by mass adoption in every store and services online and offline.

The block size debate is holding back mass adoption. Basically, unless BTc can handle large numbers of transactions, there is not going to be mass adoption.

Red-Apple

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i don't think that solving the block size debate is going to change the price by that much.
it would be a good news and for sure it is going to raise the price and maybe cause the halving bubble that we were waiting for.

but the real rise will come only by mass adoption in every store and services online and offline.

Denker

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Quote from: Wapinter on March 24, 2016, 06:23:08 AM

Quote from: nagatraju on March 23, 2016, 10:11:55 PM

Yes, most of the BTC holders/investors waiting to cross BTC price above $1000 mark. But there are lot of hurdles for BTC to reach that price again.

I think it will dip up and down, but competition from other currencies, (and ones that do certain jobs better than Bitcoin) will hold back its steady rise.

The greatest hurdle for btc to reach $1000 are btc traders for they start dumping their coins at a slightest increase in price.But I think if more and more people adopt to bitcoin,its demand will increase and so its price. I dont think average joe care more about technical aspects of bitcoin

Well you can't really blame them for that. Right now speculation is the greatest network effect Bitcoin is having and mostly giving it its' value. It just takes a bigger unexpected influx of new investors due to a crisis somewhere and the a price of $1000 could be seen pretty fast.We all know how fragile the traditional financial system is at the momeht.This scheme will collaps sooner or later.

randy8777

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everything will get solved, but it will take some time before all fixes are implemented. but then again, a while after the block size is increased to 2mb the people that are fudding heavily will find something else to fud about. these people will grab every detail to discredit bitcoin.

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Quote from: nagatraju on March 23, 2016, 10:11:55 PM

Yes, most of the BTC holders/investors waiting to cross BTC price above $1000 mark. But there are lot of hurdles for BTC to reach that price again.

I think it will dip up and down, but competition from other currencies, (and ones that do certain jobs better than Bitcoin) will hold back its steady rise.

The greatest hurdle for btc to reach $1000 are btc traders for they start dumping their coins at a slightest increase in price.But I think if more and more people adopt to bitcoin,its demand will increase and so its price. I dont think average joe care more about technical aspects of bitcoin

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Quote from: Jhanzo on March 24, 2016, 01:33:52 AM

Quote from: Steve_Tou on March 24, 2016, 01:26:03 AM

You just need media to FULL blast and advertise btc.
I think it will be valuable or more demand for it already lol.

the media are still getting high with the "bitcoin = money for terrorist" and the block size debate and the other not-so-good crap without even trying to understand its inner workings. so first people gotta make things clear to them.

It's never gonna be clear enough for 'them.' As always, they'll find a loophole to make a story to badmouth btc. Bitcoin, being out of the convention for the majority will always have a bad image for them. The community should just focus on fixing internal issues rather than getting bitcoin famous. Scams, terrorist fundings, drug money, as if fiat wasn't used for these.

@op I don't think the price would ever reach that again, not for this halving maybe.

shintosai

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we all expecting btc to rise after this halving , we just wait and see that's already happen before so I'm sure dev can do it again and all of us would be happy seeing that btc got more valuable after this. we just need to still believe that everything will be in good result.

Herbert2020

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i agree. although i think bitcoin price can go even to $1000 because of the halving effect on investors. the rise is going to be just a temporary bubble and end as fast too. but this doesn't require any problems to be solved.

besides all these debates are just creating negative hype and FUD, there is no serious problem that can keep bitcoin back.

NorrisK

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Quote from: Jhanzo on March 24, 2016, 01:33:52 AM

Quote from: Steve_Tou on March 24, 2016, 01:26:03 AM

You just need media to FULL blast and advertise btc.
I think it will be valuable or more demand for it already lol.

the media are still getting high with the "bitcoin = money for terrorist" and the block size debate and the other not-so-good crap without even trying to understand its inner workings. so first people gotta make things clear to them.

This is not likely going to happen anytime soon. The news are the news and they like fat and juicy stories to pump their views. Linking bitcoin to terrorists draws readers, and as long as that happens they won't stop, even if it is not 100% true.

I agree stuff needs solving, but that doesn't mean the price can't rise without all of them being solved. If it is being worked on, price will move upwards (speculation). If there is silence, price may go down or stay the same if none of the fixing is priced in.

The only thing about the halving is the lower incoming supply, which may reduce sell pressure a bit. This is ofcourse, assuming that all coins make it to the markets, which is highly unlikely.

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I am sure the price will not double after the halving. Wink

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The Halving is not going to solve the troubles we have with people sabotaging the network or trying to slow it down. The price will increase in the short term, building up to the Halving, and once it reach a specific level, it will come crashing down again, as people start dumping coins to cash in on the good price. I will be one of those people, waiting for the crash and buying all the cheaper coins afterwards. We will see a lot of hype building up to the Halving and speculators will come pouring in, but as soon as they realize what is happening, they will flee with their profits.

A good time to buy Bitcoin will be directly after the crash happens, so start saving up some fiat to cash in on that opportunity. ^smile^

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The post would make more sense if you subject on the problems which are suppose to be solved.Block size debate,that's fine.I still trust in Core Developers.One person ditching the network doesn't make a big difference in the entire blockchain.Other thing,why would you want bitcoin to go above $1000 ? Its surreal ,we are trying to make bitcoin a stable currency and not a ponzi where people are simply fooled by the prizes and they market drops suddenly from $1000 to $100.This will not make bitcoin any great.I'm very happy with bitcoin residing at $400.Look at the bigger picture,mission is to replace fiat and not make bitcoin a digital asset.

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Quote from: Steve_Tou on March 24, 2016, 01:26:03 AM

You just need media to FULL blast and advertise btc.
I think it will be valuable or more demand for it already lol.

the media are still getting high with the "bitcoin = money for terrorist" and the block size debate and the other not-so-good crap without even trying to understand its inner workings. so first people gotta make things clear to them.

Jet Cash

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Please be clear - the issue is not about blocksize. It is about transaction confirmation speed and scalability. Blocksize is just one of the temporary suggestions ( and not the most significant imho ) that may offer a partial improvement.

exstasie

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Quote from: Abiky on March 23, 2016, 09:36:53 PM

Also, the fact that Hearn left BTC makes me think about how things are going along difficult for the crypto currency.

Don't take me wrong or anything (I don't want to spread FUD), but I would like for Bitcoin to be great again.

Optimally, Classic will flop, Gavin will bow his head in shame and hopefully pull a whiney ragequit like Hearn, Segwit in a month-ish = increased capacity and continuation of the Core roadmap. Cool

I smell an uptrend coming. Wink

Steve_Tou

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You just need media to FULL blast and advertise btc.
I think it will be valuable or more demand for it already lol.

RealPhotoshoper

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Quote from: Abiky on March 23, 2016, 09:36:53 PM

I think that after the halving, we might not be able to see the price of BTC go all the way up to $1000+, since there are some things that need to be sorted out, in order for this to happen.

Things like block size issues (which is allegedly solved in Classic) and discussions between decentralists and the ones in favor of BTC's scalability, have made Bitcoin separate into different ways, instead of being united like the way it was before. Also, the fact that Hearn left BTC makes me think about how things are going along difficult for the crypto currency.

Don't take me wrong or anything (I don't want to spread FUD), but I would like for Bitcoin to be great again.

i think that after the halving,we also might able to see the price of bitcoin raise up to $1000+,i think still any possibility to reach that amount,we dont know what exactly happen after the halving.

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the fact that Hearn left BTC makes me think about how things are going along difficult for the crypto currency.

do you think Mike Hearn have important position or have big influence to crypto world?

SFR10

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Although some say after the halving, the value will double instantly or within the range of $1000 as you mentioned, It's not going to happen just like that even though the rewards will be cut into half and the supply rate gets cut into half as well. There are a lot of other factors that have direct and indirect effect on BTCitcoin value over the course of time and the effect of halving will surely be an upwards scale but not that fast all the way to the top ($1000). The differences about the block size and other issues are just normal complications that were expected earlier and sure enough, developers do their best for benefit us all, even though there isn't a way to make 100% benefit for everyone (like in every other currency as well). So everything is normal (in my eyes) with few rough edges here and there in which will be resolved soon, in other words BTCitcoin is still great, some only fail to see it

bitbaby

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Every issue will get solved in due time, bitcoin had issues in the past also but developers sorted them out, the only difference is this time these issues are being exposed a lot which is not helping anything.

Topic: BTC would be even more valuable if some things are solved (Read 985 times)