My opinion why btc falls, others prosper. - page 2.

doublebit21

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Quote from: dallas1819 on September 13, 2017, 06:49:47 PM

Bitcoin was the first of its kind, i first heard of it in 2011, and didn't think anything of it.... i feel very few people at first didn't invest much, but the people who did invest didn't have to invest much money, when it first came out, if you had invested $10, you would have a nice fortune now....because its sitting in the thousands now, i feel very few people for this reason wont invest in it, even if i did a $1000 now, i think it would take forever to see a huge outcome compared to the first investors. i feel the majority of the overall bitcoin online is from people who first bought in. Due to this i get the impression bitcoin will fall drastically here soon.

Now that people see the uses and market for online currencys, a lot more people are paying attention to it, due to this, I'm feel the average person will invest in other coins like ethereum, ltc....etc, hoping for a big outcome like bitcoin had.

Any opinions/advice is welcomed

First of all, no one knows for sure. Roughly every 10 mins, 25 new BTC are issued ("block reward"). At ~$230 per BTC, that's ~$830K new BTC a day (25 x 6 x 24 x 230). As many miners sell most of the block reward to recoup the cost of mining, for bitcoin's price to remain constant, these new BTC have to be absorbed (=bought) by market participants. While the number of transactions are trending upwards (see Bitcoin Number of Transactions excluding Popular Addresses), it seems that there is not as much new interest in investing into bitcoin at the moment. Interest has stabilized, but may not be outstripping demand. So - do I believe Bitcoin will prevail? Absolutely. It will also probably make a great long term investment, but in the short term the price may even drop further.

jhayzxenon

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heard of bitcoin as well from 2011, i don't have any idea about it besides being used as an anonymous currency in the deepweb.

if you think bitcoin is kind of expensive right now because people back then bought them cheap, think again after some years later and compare the gap of now and then. don't take my word for it but it will continue to grow.

BTCLovingDude

legendary

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BTC to the moon is inevitable...

Quote from: dallas1819 on September 13, 2017, 06:49:47 PM

the people who did invest didn't have to invest much money, when it first came out, if you had invested $10, you would have a nice fortune now....because its sitting in the thousands now, i feel very few people for this reason wont invest in it, even if i did a $1000 now, i think it would take forever to see a huge outcome compared to the first investors.

consider this:
shares of a lot of companies in the world have been stupidly cheap when they started. companies such as Apple, or Facebook,... and now they are stupidly high.
obviously many bought them when they were cheap.

do you think nobody is buying them now just because those first wave bought it cheap and are now rich because they were fast and wiser?

Quote

Now that people see the uses and market for online currencys, a lot more people are paying attention to it, due to this, I'm feel the average person will invest in other coins like ethereum, ltc....etc, hoping for a big outcome like bitcoin had.

yeah, well the same way the average person invests in penny stocks in the hope for a big outcome they also invest in altcoins for the same hope. sometimes they get their wish if they are fast and dump after the pump and sometimes they get the sharp end of the knife when they buy after the pump and get dumped on.

but they won't "prosper"!

Chris!

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I agree that 'mainstream' people love their ETH. They don't know the problems with it but they'll invest thousands into it.

As for Bitcoin, it's actually finite (much unlike ETH) so it doesn't matter when you get into it, it will always grow in comparison to a currency that is constantly losing its buying power. Also, we're still generating BTC12.5 every 10 minutes or so and we're still seeing huge rises! We should be losing value every day not gaining it, yet here we are, up 500% this year. Everything will even out as less and less bitcoins are generated.

Everyone wishes they owned bitcoins in 2011. It's unrealistic because I had never even heard of them and wasn't about to do a Google search for 'decentralized online currency'. Don't worry about the past, because you can't change it. You're free to change the future however you'd like though.

Bitcoinsummoner

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Maintain Social Distance, Stay safe.

Quote from: dallas1819 on September 13, 2017, 06:49:47 PM

Bitcoin was the first of its kind, i first heard of it in 2011, and didn't think anything of it.... i feel very few people at first didn't invest much, but the people who did invest didn't have to invest much money, when it first came out, if you had invested $10, you would have a nice fortune now....because its sitting in the thousands now, i feel very few people for this reason wont invest in it, even if i did a $1000 now, i think it would take forever to see a huge outcome compared to the first investors. i feel the majority of the overall bitcoin online is from people who first bought in. Due to this i get the impression bitcoin will fall drastically here soon.

Now that people see the uses and market for online currencys, a lot more people are paying attention to it, due to this, I'm feel the average person will invest in other coins like ethereum, ltc....etc, hoping for a big outcome like bitcoin had.

Any opinions/advice is welcomed

I know bitcoin from the past year i think 2011 but honestly i don't even know what it is but there are some people offering bitcoin but actually i'm curious .. if i know that bitcoin can bring me a good future maybe i bought a lots of bitcoin and save and sell for today..
But since don't have any knowledge about bitcoin before i just ignore it and look for other ways of to earn because i was looking for extra earnings online before and seen PTC that actually waste of time..
Until i found a essay site which is paying in bitcoin until i saw that bitcoin has value i think 2014 and now i was earn bitcoin from making essay i stop making because it is hard to make an essay.. and now i found this forum until i seen the price movement of the price is really increase a lot.. and invest few until i found altcoin honestly i'm not invested in ethereum since i was not too active trader and i am not pro in trade but i have few altcoins like dogecoin and litecoin and other cryptocurrency.. and maybe someday that it can be the same as bitcoin that increase a lot hope it can be happen in the future..

dallas1819

newbie

Activity: 1

Merit: 0

Bitcoin was the first of its kind, i first heard of it in 2011, and didn't think anything of it.... i feel very few people at first didn't invest much, but the people who did invest didn't have to invest much money, when it first came out, if you had invested $10, you would have a nice fortune now....because its sitting in the thousands now, i feel very few people for this reason wont invest in it, even if i did a $1000 now, i think it would take forever to see a huge outcome compared to the first investors. i feel the majority of the overall bitcoin online is from people who first bought in. Due to this i get the impression bitcoin will fall drastically here soon.

Now that people see the uses and market for online currencys, a lot more people are paying attention to it, due to this, I'm feel the average person will invest in other coins like ethereum, ltc....etc, hoping for a big outcome like bitcoin had.

Any opinions/advice is welcomed

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