Topic: Is this the launch to the Moon that we were waiting for? - page 2. (Read 2788 times)
Well according to me ,its the beginning of a new revolution as the price of bitcoins is going high as the mainstream has been adopted by japan.On the other hand if other countries also adopt bitcoins then it is possible that the price of bitcoins will reach the moon in a matter of years.
I do think that bitcoin is yet to launch to the moon yet, this is just a preparation, remember scaling is not fixed yet so bitcoin trying to launch to the moon will definitely fail because of its limitations. Fix the scalability issue and we can see Bitcoin going to the moon.
Scaling seems to be an insurmountable problem, but the market is more or less ignoring it now.
Unfortunately, the huge pile up of unconfirmed transactions provides us a constant reminder.
Yeah, imagine a user who just want to use bitcoins (not like everyone here who bought for the potential profit). His first issue will be the long incomprehensible addresses and then determining the right fees to send which will undoubtably be stuck in limbo for hours - great intro to crypto there.
Paypal or Venmo is better for now.
Paypal or Venmo is better for now.
I do think that bitcoin is yet to launch to the moon yet, this is just a preparation, remember scaling is not fixed yet so bitcoin trying to launch to the moon will definitely fail because of its limitations. Fix the scalability issue and we can see Bitcoin going to the moon.
This year has great potential certainly. The obviuos problem to solve is segwit and bigger and faster transactions. We need that to happen in next few months. Fees being too high are going to turn normal people away. We need more normal people using it
We are finally getting into mass adoption, need to look attractive to get people in. If segwit happens this year and some other small improvements, i think we will see 3k to 4k by end of year.
If other countries get in and more legal stuff passed maybe 5k to 6k end of year per btc.
We are finally getting into mass adoption, need to look attractive to get people in. If segwit happens this year and some other small improvements, i think we will see 3k to 4k by end of year.
If other countries get in and more legal stuff passed maybe 5k to 6k end of year per btc.
i think the japan thing will turn out to be bigger than we expected, even though i don't think the japanese people are gonna do much with it. the fact that it's now 100% legit there and banks and major companies are looking into exchanges is gonna put a rocket up a few asses elsewhere.
that means the attention won't slow down. it really, really could do with addressing the scaling thing and soon though. there could come a point where hype meets limitations and it all slows down again.
Japan will be big but without any improvements on the network the growth it is going to be limited since there is no way to manage even more transactions since most of the time the network is incredibly busy, so we must do everything we can so a solution to scaling problem gets approved. that means the attention won't slow down. it really, really could do with addressing the scaling thing and soon though. there could come a point where hype meets limitations and it all slows down again.
We are seeing a slow growth in the Bitcoin and Crypto currency markets over the last few weeks. Japan is the first country where mainstream
adoption might be a reality. We got so used to the bubble bursting that we kinda lost perspective on what might happen when mainstream
adoption is starting. Is this not the signs that more and more NEW people are buying bitcoins on a daily basis?
I think this might just be the start of something huge, and we are still in the most early phase of mainstream adoption. We should check the
fuel and the rockets, because this thing is going to the Moon!!!!!!!!!
next...
$2000
$3000
$4000
$5000
$6000
$7000
$8000
$9000
$10000
$20000
$30000
$40000
$50000
and then.....
$100 000 per bitcoin. Looks like a rocket right?
adoption might be a reality. We got so used to the bubble bursting that we kinda lost perspective on what might happen when mainstream
adoption is starting. Is this not the signs that more and more NEW people are buying bitcoins on a daily basis?
I think this might just be the start of something huge, and we are still in the most early phase of mainstream adoption. We should check the
fuel and the rockets, because this thing is going to the Moon!!!!!!!!!
next...
$2000
$3000
$4000
$5000
$6000
$7000
$8000
$9000
$10000
$20000
$30000
$40000
$50000
and then.....
$100 000 per bitcoin. Looks like a rocket right?
it just might be exactly what is coming, it might fly upwards more slowly then planned though. either way it will get there eventually. things that might slow this rocket from launching such as stubborn miners, elitist small groups of bitcoin users trying to manipulate bitcoin without having a right to do so are still getting in bitcoins way though. however, i believe its inevitable that bitcoin will succeed regardless. just wait and see what comes next, and while we are waiting hopefully some geniuses will show there true colors and come up with a solution to at least the current miner problem and hopefully the elitist shithead problem too.
We are seeing a slow growth in the Bitcoin and Crypto currency markets over the last few weeks. Japan is the first country where mainstream
adoption might be a reality. We got so used to the bubble bursting that we kinda lost perspective on what might happen when mainstream
adoption is starting. Is this not the signs that more and more NEW people are buying bitcoins on a daily basis?
I think this might just be the start of something huge, and we are still in the most early phase of mainstream adoption. We should check the
fuel and the rockets, because this thing is going to the Moon!!!!!!!!!
next...
$2000
$3000
$4000
$5000
$6000
$7000
$8000
$9000
$10000
$20000
$30000
$40000
$50000
and then.....
$100 000 per bitcoin. Looks like a rocket right?
Very happy if all your assumptions turn into reality.but its a long run.If India joins japan and opens door for bitcoins,then surely bitcoin would not only cross the moon but rather it would start its travel towards mars. adoption might be a reality. We got so used to the bubble bursting that we kinda lost perspective on what might happen when mainstream
adoption is starting. Is this not the signs that more and more NEW people are buying bitcoins on a daily basis?
I think this might just be the start of something huge, and we are still in the most early phase of mainstream adoption. We should check the
fuel and the rockets, because this thing is going to the Moon!!!!!!!!!
next...
$2000
$3000
$4000
$5000
$6000
$7000
$8000
$9000
$10000
$20000
$30000
$40000
$50000
and then.....
$100 000 per bitcoin. Looks like a rocket right?
And as they say, with he increase in demand and so thus the users, is Bitcoin ready for this? Will the Blockchain would be able to accommodate this transactions? We should hope that the Bitcoin user's would take it slowly with regards of its current capability because if it will shoot incredibly high that is beyond what it is capable then it might as well trigger the fall ofBitcoin.
- Bitcoin is ready - Blockchain can accommodate this transactions
- Current capability (1 mb per block) can be enough to include all transactions, mempool is full because of spam transactions rather than from legit/normal transactions currently
- Segwit and LN will be activated on bitcoin that will increase its capability and will provide cheaper and faster confirmation in future so i don't think there will be any panic regarding unconfirmed transaction in future.
I hope the developers will act soon rather than later. These transaction issues will just hinder the mainstream adoption. $1 in transaction fees for sending 10 bucks doesnt sounds great..
I think if they fixed the transaction fees and the speed of transactions, the price would be much higher than it currently is. All of these new people coming in are going to see how long it takes to send Bitcoin with the current times and hate it.
This is major issue but if solved very fast and to increase speed then we will withes new age of money for sure image that. For me it will like in star trek or something, just kidding on this.
Major players involving in this like Japan who is one of big tech countries, India is rumored to be next one and no talks about China at all, which is little strange by me, hoped they will be in this to be among first ones not the last ones, or maybe they are waiting to see how it will be will it be good or bad call.
Now think back to 2009-10. If you'd said that bitcoin was going to be over $1700, anyone in their right mind back then would think that's "the moon". And now here we are. So I think we're already there. People expecting to go to the moon from where we're at don't realize we're there already.
In recent times when I was talking to my friend, he asked why bitcoin is divisible up to 8 digits and the basic unit satoshi seems practically no value even with prices at ~$1800 ? All the currencies and even gold also are having only 2 decimal digits and their basic unit is being used everywhere as it has some value.Like capped supply and scheduled halving, the basic unit satoshi is also determined as one in ten-millionth to be supporting bitcoin to have huge values. In future, we may have one satoshi will be valuing one US cent or even one dollar.
When the basic unit achieves to have some buying power, we may assume we have landed on moon.
Now think back to 2009-10. If you'd said that bitcoin was going to be over $1700, anyone in their right mind back then would think that's "the moon". And now here we are. So I think we're already there. People expecting to go to the moon from where we're at don't realize we're there already.
In recent times when I was talking to my friend, he asked why bitcoin is divisible up to 8 digits and the basic unit satoshi seems practically no value even with prices at ~$1800 ? All the currencies and even gold also are having only 2 decimal digits and their basic unit is being used everywhere as it has some value.Like capped supply and scheduled halving, the basic unit satoshi is also determined as one in ten-millionth to be supporting bitcoin to have huge values. In future, we may have one satoshi will be valuing one US cent or even one dollar.
When the basic unit achieves to have some buying power, we may assume we have landed on moon.
the reason why the basic unit aka satoshi has no value compared with all the things you listed is that all those things have been around for a very long time, people understand them. Gold has been around for thousands of years and always had value!
with bitcoin, everything is new. people don't understand it, it is not physical, it is a new technology, ... so it takes time to reach the same parity.
that is what I always give as answer to someone who asks me about satoshi and why it is not the same as cent or other small units.
Now think back to 2009-10. If you'd said that bitcoin was going to be over $1700, anyone in their right mind back then would think that's "the moon". And now here we are. So I think we're already there. People expecting to go to the moon from where we're at don't realize we're there already.
In recent times when I was talking to my friend, he asked why bitcoin is divisible up to 8 digits and the basic unit satoshi seems practically no value even with prices at ~$1800 ? All the currencies and even gold also are having only 2 decimal digits and their basic unit is being used everywhere as it has some value.Like capped supply and scheduled halving, the basic unit satoshi is also determined as one in ten-millionth to be supporting bitcoin to have huge values. In future, we may have one satoshi will be valuing one US cent or even one dollar.
When the basic unit achieves to have some buying power, we may assume we have landed on moon.
And as they say, with he increase in demand and so thus the users, is Bitcoin ready for this? Will the Blockchain would be able to accommodate this transactions? We should hope that the Bitcoin user's would take it slowly with regards of its current capability because if it will shoot incredibly high that is beyond what it is capable then it might as well trigger the fall ofBitcoin.
- Bitcoin is ready - Blockchain can accommodate this transactions
- Current capability (1 mb per block) can be enough to include all transactions, mempool is full because of spam transactions rather than from legit/normal transactions currently
- Segwit and LN will be activated on bitcoin that will increase its capability and will provide cheaper and faster confirmation in future so i don't think there will be any panic regarding unconfirmed transaction in future.
I hope the developers will act soon rather than later. These transaction issues will just hinder the mainstream adoption. $1 in transaction fees for sending 10 bucks doesnt sounds great..
I think if they fixed the transaction fees and the speed of transactions, the price would be much higher than it currently is. All of these new people coming in are going to see how long it takes to send Bitcoin with the current times and hate it.
And as they say, with he increase in demand and so thus the users, is Bitcoin ready for this? Will the Blockchain would be able to accommodate this transactions? We should hope that the Bitcoin user's would take it slowly with regards of its current capability because if it will shoot incredibly high that is beyond what it is capable then it might as well trigger the fall ofBitcoin.
- Bitcoin is ready - Blockchain can accommodate this transactions
- Current capability (1 mb per block) can be enough to include all transactions, mempool is full because of spam transactions rather than from legit/normal transactions currently
- Segwit and LN will be activated on bitcoin that will increase its capability and will provide cheaper and faster confirmation in future so i don't think there will be any panic regarding unconfirmed transaction in future.
I hope the developers will act soon rather than later. These transaction issues will just hinder the mainstream adoption. $1 in transaction fees for sending 10 bucks doesnt sounds great..
Bitcoin is fully legalized in Japan, so no risk of Bitcoin being worldwide banned and worth nothing. And there is good chance that Bitcoin will be legalized in India:
https://bitcointalksearch.org/topic/2017-04-30indias-government-may-be-preparing-to-legalize-and-regulate-bitcoin-1893420
10% of Japan and 1% of India would equals 20M new Bitcoiners in the game
can you see the effect in price?
maybe 100k will not be the top
https://bitcointalksearch.org/topic/2017-04-30indias-government-may-be-preparing-to-legalize-and-regulate-bitcoin-1893420
10% of Japan and 1% of India would equals 20M new Bitcoiners in the game
can you see the effect in price?
maybe 100k will not be the top
And as they say, with he increase in demand and so thus the users, is Bitcoin ready for this? Will the Blockchain would be able to accommodate this transactions? We should hope that the Bitcoin user's would take it slowly with regards of its current capability because if it will shoot incredibly high that is beyond what it is capable then it might as well trigger the fall ofBitcoin.
- Bitcoin is ready - Blockchain can accommodate this transactions
- Current capability (1 mb per block) can be enough to include all transactions, mempool is full because of spam transactions rather than from legit/normal transactions currently
- Segwit and LN will be activated on bitcoin that will increase its capability and will provide cheaper and faster confirmation in future so i don't think there will be any panic regarding unconfirmed transaction in future.
Where is this moon you speak of? Due to Bitcoins' unpredictability the price could rise/fall at any given notice. There is no set moon price but rather the ATH can be continuously broken.
It has taken Bitcoin quite a few years to reach this current all time high so I'm sure reaching one of the higher price points won't an immediate result.
That's what I always think when I hear this silly phrase "to the moon". Now think back to 2009-10. If you'd said that bitcoin was going to be over $1700, anyone in their right mind back then would think that's "the moon". And now here we are. So I think we're already there. People expecting to go to the moon from where we're at don't realize we're there already.It has taken Bitcoin quite a few years to reach this current all time high so I'm sure reaching one of the higher price points won't an immediate result.
I don't think Japan has much to do with this, but it's just so hard to tell who's doing what. But hey, I don't really care who's responsible for our being on the moon. Thanks to anyone who pushed the price this high, right?
i think the japan thing will turn out to be bigger than we expected, even though i don't think the japanese people are gonna do much with it. the fact that it's now 100% legit there and banks and major companies are looking into exchanges is gonna put a rocket up a few asses elsewhere.
that means the attention won't slow down. it really, really could do with addressing the scaling thing and soon though. there could come a point where hype meets limitations and it all slows down again.
that means the attention won't slow down. it really, really could do with addressing the scaling thing and soon though. there could come a point where hype meets limitations and it all slows down again.
It seem like it is. Rumors are that India will follow this and some other are rumor to do this are Indonesia and Philippines. If this price jump is influence just with Japan adoption it in every day image how will be with this. Some speculate that China maybe is in this story to, but think that major players will wait little longer for this to implement or adopt.
We are seeing a slow growth in the Bitcoin and Crypto currency markets over the last few weeks. Japan is the first country where mainstream
adoption might be a reality. We got so used to the bubble bursting that we kinda lost perspective on what might happen when mainstream
adoption is starting. Is this not the signs that more and more NEW people are buying bitcoins on a daily basis?
I think this might just be the start of something huge, and we are still in the most early phase of mainstream adoption. We should check the
fuel and the rockets, because this thing is going to the Moon!!!!!!!!!
next...
$2000
$3000
$4000
$5000
$6000
$7000
$8000
$9000
$10000
$20000
$30000
$40000
$50000
and then.....
$100 000 per bitcoin. Looks like a rocket right?
adoption might be a reality. We got so used to the bubble bursting that we kinda lost perspective on what might happen when mainstream
adoption is starting. Is this not the signs that more and more NEW people are buying bitcoins on a daily basis?
I think this might just be the start of something huge, and we are still in the most early phase of mainstream adoption. We should check the
fuel and the rockets, because this thing is going to the Moon!!!!!!!!!
next...
$2000
$3000
$4000
$5000
$6000
$7000
$8000
$9000
$10000
$20000
$30000
$40000
$50000
and then.....
$100 000 per bitcoin. Looks like a rocket right?
The minute we start thinking on those terms the more likely it is that we're going to bubble pop. Dunno just speaking with my past experience addictively watching the market the past 3 to 4 years. I mean, I do hope it happens. But no, I won't get my hopes up again.
Where is this moon you speak of? Due to Bitcoins' unpredictability the price could rise/fall at any given notice. There is no set moon price but rather the ATH can be continuously broken.
It has taken Bitcoin quite a few years to reach this current all time high so I'm sure reaching one of the higher price points won't an immediate result.
It has taken Bitcoin quite a few years to reach this current all time high so I'm sure reaching one of the higher price points won't an immediate result.
I agree there is no fixed "Moon Price". For Early adopters Bitcoin has already crossed the moon and is on its way towards outer solar system. But for Late Adopters Bitcoin has still to reach the moon, Typically what an average late adopter thinks is that the "moon price" is referred to Bitcoin Reaching 1 BTC = $10K, So they are still expecting a Rapid Rocket launch. But this won't be happening soon as i said in my previous reply due to some issues which are on the horizon and needs to get solved if we really want to go mainstream.
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