do you believe with bitcoin - page 7.

prodigy8

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Quote from: CasioK on October 29, 2015, 02:29:46 AM

Even the not believing people also started to use bitcoin like my boss. He said that bitcoin seems like a ponzi, but now he pays online using bitcoin. He explains that there is no point in believing bitcoin to use it for your regular daily uses. I guess only investors need to believe.

If your boss pays on bitcoin for the whole company is it counted "Tax avoidance"
Or it is normal as paying the salaries through the bank, which should pay some fee.
Bitcoin price is increasing too much and now it is around ~280€ pretty high.

CasioK

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Even the not believing people also started to use bitcoin like my boss. He said that bitcoin seems like a ponzi, but now he pays online using bitcoin. He explains that there is no point in believing bitcoin to use it for your regular daily uses. I guess only investors need to believe.

prodigy8

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Quote from: rickadone on October 06, 2015, 12:57:48 PM

Quote from: redsun114 on October 06, 2015, 06:54:19 AM

But, no one can be sure exactly what would happen on this upcoming halving. History may repeat or will repeat on next halving.
It's a inter dependent cyclic movement....
Step1. halving--->less profit--->Less miners--->Less difficulty===>Price unchanged or +/- 10% change
Step2. buying bitcoins easier than mining--->price raise--->More profits to miners--->New miners--->Difficulty Increase
Step3. New higher price is target for many bitcoin hoarders ---> Sell bitcoin--->Less price--->Less miners--->Less difficulty--->Go to step 2.

That's the good explanation how the upcoming halving will impact on bitcoin prices. I too optimistic that price will return into raising side just because of mining costs. Hopefully the 2016 would be the year that every bitcoiner is expecting.

I am very excited to see what will change at that day when the halving will happen.

Of course that the price normally should change a bit but i like to see the bitcoin price higher.

The block reward goes down from 25BTC to 12.5BTC which makes the miners uncomfortable.

rickadone

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Quote from: redsun114 on October 06, 2015, 06:54:19 AM

But, no one can be sure exactly what would happen on this upcoming halving. History may repeat or will repeat on next halving.
It's a inter dependent cyclic movement....
Step1. halving--->less profit--->Less miners--->Less difficulty===>Price unchanged or +/- 10% change
Step2. buying bitcoins easier than mining--->price raise--->More profits to miners--->New miners--->Difficulty Increase
Step3. New higher price is target for many bitcoin hoarders ---> Sell bitcoin--->Less price--->Less miners--->Less difficulty--->Go to step 2.

That's the good explanation how the upcoming halving will impact on bitcoin prices. I too optimistic that price will return into raising side just because of mining costs. Hopefully the 2016 would be the year that every bitcoiner is expecting.

redsun114

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But, no one can be sure exactly what would happen on this upcoming halving. History may repeat or will repeat on next halving.
It's a inter dependent cyclic movement....
Step1. halving--->less profit--->Less miners--->Less difficulty===>Price unchanged or +/- 10% change
Step2. buying bitcoins easier than mining--->price raise--->More profits to miners--->New miners--->Difficulty Increase
Step3. New higher price is target for many bitcoin hoarders ---> Sell bitcoin--->Less price--->Less miners--->Less difficulty--->Go to step 2.

smith coins

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Quote from: VirosaGITS on October 04, 2015, 06:43:06 PM

Quote from: smith coins on October 04, 2015, 03:05:33 PM

Quote from: notlist3d on October 04, 2015, 02:48:30 PM

Quote from: smith coins on October 04, 2015, 02:12:12 PM

I believe that bitcoin will be more popular in the near future.
At least a +100% of the price in the next few years.
I expect a good jump at July of 2016 when the block reward is 12.5BTC

It's hard to say what having will bring. I'm hoping we see increasing. But if it stops a lot of miners from mining I'm not sure what will happen.

It's all kinda speculation since the having is a little while away. If we do get increase likely before having we would see it, not sure how far before though. I will be holding my coins though hoping for decent jump hopefully.

Can you remember what happened the last time when it dropped from 50BTC -> 25BTC

Has it increased or decreased the price, i think that if bitcoin price will increase then the mining farms will continue their work.

Nothing happened then either;
http://www.coindesk.com/price/#
Download the price history .csv. The halving happened at 2012-11-28

2012-11-28,12.3477
2012-12-02,12.5000
2012-12-07,13.4999
2012-12-12,13.6989

The price did not double or anything. It was on a uptrend however, but it was very slow. The biggest difference for miners will be the reward dropping and many miners dropping. We might see -20 to -30% difficulty when that happen. But all in all, it will be much left profitable regardless, for quite a while.

Will this history happen again in the next July of 2016.
Based in this not a huge jump will be happening at that time.
But i think that miners know this, and a new generation of mining rigs will be produced probably!!!

VirosaGITS

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Quote from: smith coins on October 04, 2015, 03:05:33 PM

Quote from: notlist3d on October 04, 2015, 02:48:30 PM

Quote from: smith coins on October 04, 2015, 02:12:12 PM

I believe that bitcoin will be more popular in the near future.
At least a +100% of the price in the next few years.
I expect a good jump at July of 2016 when the block reward is 12.5BTC

It's hard to say what having will bring. I'm hoping we see increasing. But if it stops a lot of miners from mining I'm not sure what will happen.

It's all kinda speculation since the having is a little while away. If we do get increase likely before having we would see it, not sure how far before though. I will be holding my coins though hoping for decent jump hopefully.

Can you remember what happened the last time when it dropped from 50BTC -> 25BTC

Has it increased or decreased the price, i think that if bitcoin price will increase then the mining farms will continue their work.

Nothing happened then either;
http://www.coindesk.com/price/#
Download the price history .csv. The halving happened at 2012-11-28

2012-11-28,12.3477
2012-12-02,12.5000
2012-12-07,13.4999
2012-12-12,13.6989

The price did not double or anything. It was on a uptrend however, but it was very slow. The biggest difference for miners will be the reward dropping and many miners dropping. We might see -20 to -30% difficulty when that happen. But all in all, it will be much left profitable regardless, for quite a while.

Atomictie

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the litecoin halving did nothing to the price, so I prefer to don't hear who says that with the btc halving the price can rise. It's an unknown answer

smith coins

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Quote from: notlist3d on October 04, 2015, 02:48:30 PM

Quote from: smith coins on October 04, 2015, 02:12:12 PM

I believe that bitcoin will be more popular in the near future.
At least a +100% of the price in the next few years.
I expect a good jump at July of 2016 when the block reward is 12.5BTC

It's hard to say what having will bring. I'm hoping we see increasing. But if it stops a lot of miners from mining I'm not sure what will happen.

It's all kinda speculation since the having is a little while away. If we do get increase likely before having we would see it, not sure how far before though. I will be holding my coins though hoping for decent jump hopefully.

Can you remember what happened the last time when it dropped from 50BTC -> 25BTC

Has it increased or decreased the price, i think that if bitcoin price will increase then the mining farms will continue their work.

Also i highly believe that the difficulty will change as not all miners will continue their journey if their profit is 50% less.

notlist3d

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Quote from: smith coins on October 04, 2015, 02:12:12 PM

I believe that bitcoin will be more popular in the near future.
At least a +100% of the price in the next few years.
I expect a good jump at July of 2016 when the block reward is 12.5BTC

It's hard to say what having will bring. I'm hoping we see increasing. But if it stops a lot of miners from mining I'm not sure what will happen.

It's all kinda speculation since the having is a little while away. If we do get increase likely before having we would see it, not sure how far before though. I will be holding my coins though hoping for decent jump hopefully.

smith coins

hero member

Activity: 504

Merit: 500

I believe that bitcoin will be more popular in the near future.
At least a +100% of the price in the next few years.
I expect a good jump at July of 2016 when the block reward is 12.5BTC

CanIHazBitcoin777

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Quote from: 1Referee on October 03, 2015, 09:41:39 AM

Quote from: CanIHazBitcoin777 on September 30, 2015, 08:37:20 PM

Quote from: kirtimart on September 30, 2015, 05:19:09 PM

Bitcoin is the only currency that can compete with real money today. So I believe that bitcoin can soon becone world's currency. Lookvat my name. I am true believer of bitcoin.

No bitcoini s real money already, its just a new type of money that is so new not all people understand it fully. I do.

Bitcoin is anything you want it to be. If you want to use it for buying and selling stuff, online and in real life, then it is a currency. If you want to keep a certain amount of fiat into Bitcoin then it is a store of value.

At this point it can't compete with real fiat currency, and that shows as governments still haven't fully banned Bitcoin as they don't see it as competitor for fiat currency, yet. If the time comes that Bitcoin is getting too close, then governments will play it hard to ensure Bitcoin stays small.

By then bitcoin will rule the world, we already got central banks and other guys supportung bitcoin. Dont worry bitcoin will live.

Hellacopter

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Quote from: sponz on September 02, 2015, 10:52:21 PM

do you believe with bitcoin in the future can replace fiat as a number one currency?

Yes i believe that Bitcoin can in the near future replace fiat as a number one currency, because it's promising and different currency, simple and easy to use, with small fees and not complicated to use and transfer

coinplus

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Quote from: rickadone on October 03, 2015, 11:45:44 AM

Quote from: rivoke on October 03, 2015, 10:57:50 AM

Quote from: sponz on September 02, 2015, 10:52:21 PM

do you believe with bitcoin in the future can replace fiat as a number one currency?

It might be happen if bitcoin has strongly influence worldwide to replace our local currency.
Bitcoin also need stable price and more advance security system in order to maintain bitcoin performance so it will gain new bitcoin noob's attention

I strongly believe that would happen very soon. People already have lost their faith with fiat currencies just due to the situations happened in Greece. Everybody wanted to save their wealth most securely for next generation. Bitcoin will help them to help itself to reach the number one position.

Bitcoin is now almost 6 years old. What else we need from a technology other than it's survival. If one thing lasts over time means it has something to prove us. Without reason, on one long lasts. So, for a reason bitcoin was created and still existing.We need to believe in bitcoin.

rickadone

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Quote from: rivoke on October 03, 2015, 10:57:50 AM

Quote from: sponz on September 02, 2015, 10:52:21 PM

do you believe with bitcoin in the future can replace fiat as a number one currency?

It might be happen if bitcoin has strongly influence worldwide to replace our local currency.
Bitcoin also need stable price and more advance security system in order to maintain bitcoin performance so it will gain new bitcoin noob's attention

I strongly believe that would happen very soon. People already have lost their faith with fiat currencies just due to the situations happened in Greece. Everybody wanted to save their wealth most securely for next generation. Bitcoin will help them to help itself to reach the number one position.

rivoke

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Quote from: sponz on September 02, 2015, 10:52:21 PM

do you believe with bitcoin in the future can replace fiat as a number one currency?

It might be happen if bitcoin has strongly influence worldwide to replace our local currency.
Bitcoin also need stable price and more advance security system in order to maintain bitcoin performance so it will gain new bitcoin noob's attention

seoincorporation

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Quote from: sponz on September 02, 2015, 10:52:21 PM

do you believe with bitcoin in the future can replace fiat as a number one currency?

Yeah, i think that will happen but in like 100 more years, maybe for the 2115.

Velkro

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Quote from: sponz on September 02, 2015, 10:52:21 PM

do you believe with bitcoin in the future can replace fiat as a number one currency?

not really no, but bitcoin doesnt need to do that to be ultra successfull

ranlo

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Quote from: neonshium on October 03, 2015, 04:35:16 AM

Quote from: notlist3d on October 02, 2015, 12:04:58 AM

Quote from: MR.Seller on October 01, 2015, 11:42:05 PM

Quote from: neonshium on October 01, 2015, 11:10:44 PM

Quote from: MR.Seller on October 01, 2015, 10:06:42 AM

Bitcoin can, but most of here says no and I agree with that because if bitcoin will be the number one and replace fiat currencies. I think Government and others will control it to take advantage to manipulate. Never be number one for bitcoin for me its okay to be number 2 and bitcoin is the better than Paypal, credit cards etc.

Yes. Bitcoin can be trusted to transform world economy into new level. For this reason I also believe in bitcoin. Believing not just in bitcoin but into the core technology which makes bitcoin possible. So, blockchain technology is the reason makes me to believe in bitcoin.

But for me I'm not agree bitcoin will be number one and replace fiat currencies. If that case bitcoin will be replace fait currency in the future for me I don't want government take control it and manipulate it as you can see in real world there is always a corrupt. that is why I don't want bitcoin to replace or to be number one Fiat currencies . just saying

I think it's a little unfair to say all government fiat currencies are corrupt. Some governments they help their fiat money remain valuable. Other countries are "bad" or corrupt and their fiat will have massive inflation.

Bitcoin really needs government acceptance to last long term. You will see exchanges registering with governments to do business. If we want mass acceptance we also want government acceptance to a point. If a government tries to block bitcoin or go against it that would not be good for value.

Government support is no longer needed when everything is available for bitcoins. Because exchanges need to handle both fiat and bitcoin of users. To handle people money we need government approval. But when everywhere bitcoin is accepted there is no need of exchanging into fiat. End of exchange as well as Government intervention.

This would require EVERYONE to accept it, from farmers/material fabrication to transport to manufacturing to warehouses to utilities to (insert endless list here).

1Referee

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Quote from: CanIHazBitcoin777 on September 30, 2015, 08:37:20 PM

Quote from: kirtimart on September 30, 2015, 05:19:09 PM

Bitcoin is the only currency that can compete with real money today. So I believe that bitcoin can soon becone world's currency. Lookvat my name. I am true believer of bitcoin.

No bitcoini s real money already, its just a new type of money that is so new not all people understand it fully. I do.

Bitcoin is anything you want it to be. If you want to use it for buying and selling stuff, online and in real life, then it is a currency. If you want to keep a certain amount of fiat into Bitcoin then it is a store of value.

At this point it can't compete with real fiat currency, and that shows as governments still haven't fully banned Bitcoin as they don't see it as competitor for fiat currency, yet. If the time comes that Bitcoin is getting too close, then governments will play it hard to ensure Bitcoin stays small.

Topic: do you believe with bitcoin - page 7. (Read 15092 times)