In my opinion it is hard to say but I feel it will be sometime this year.
I'm thinking September to December but it all depends.
Topic: Predictions for the next bubble (Read 4933 times)
I'm thinking September to December but it all depends.
In my opinion it is hard to say but I feel it will be sometime this year.
I think you guys are seriously underestimating what the power of familiarity can produce.
In my opinion, the advantage of bitcoin is it being the "first" mover in becoming a mainstream crypto-currency.
I also think the name in itself is extremely powerful. It sound simple, yet invokes a sort of cyber future image.
Litecoin and Feathercoin just sound weak in comparison. (Phonetically weak)
In my opinion, the advantage of bitcoin is it being the "first" mover in becoming a mainstream crypto-currency.
I also think the name in itself is extremely powerful. It sound simple, yet invokes a sort of cyber future image.
Litecoin and Feathercoin just sound weak in comparison. (Phonetically weak)
+1
Saying people would just move from gold to another element because it's "the same thing" is just the same as saying people would move from Bitcoin to another crypto-currency because it's "the same thing".
Even scalability is no issue as Satoshi designed Bitcoin to be scalable for world domination. For the current uses of money, there is nothing that really needs to improve about Bitcoin (maybe the infrastructure, but that again points to the first mover advantage) apart from what has already been suggested and probably will be implemented, like removing the 7 transactions a second cap, "pruning" or "simplified payment verification".
When the bitcoin hit about the $200 was when Cypress had their problems with the banks. This was the first time the banks in europe done something like this but it is not the last. This was just a template for future bailouts. Taken this into consideration with the fact that the euro and dollar are inflationary debt currency and will inevitably lead to more debt for the banks, I believe that bitcoin will go up 10 fold again easily in the next year or 2.
Take that into consideration with the fact that mobile payments with nfc, bitcoin debit cards and bitcoin merchant software becoming mainstream and more popular, the next bubble maybe USD and euro and not bitcoin.
Take that into consideration with the fact that mobile payments with nfc, bitcoin debit cards and bitcoin merchant software becoming mainstream and more popular, the next bubble maybe USD and euro and not bitcoin.
I think you guys are seriously underestimating what the power of familiarity can produce.
In my opinion, the advantage of bitcoin is it being the "first" mover in becoming a mainstream crypto-currency.
I also think the name in itself is extremely powerful. It sound simple, yet invokes a sort of cyber future image.
Litecoin and Feathercoin just sound weak in comparison. (Phonetically weak)
I think we will soon start to see threads about how much is 'insert crypto currency' in BTC instead of how much fiat is BTC worth.
In my opinion, the advantage of bitcoin is it being the "first" mover in becoming a mainstream crypto-currency.
I also think the name in itself is extremely powerful. It sound simple, yet invokes a sort of cyber future image.
Litecoin and Feathercoin just sound weak in comparison. (Phonetically weak)
I think we will soon start to see threads about how much is 'insert crypto currency' in BTC instead of how much fiat is BTC worth.
I've noticed this as well. Altcoins don't really have the same marketable ring to them that bitcoin does. But that doesn't mean someone can't still create an alternative, it only further discredits the power of the current substitutes.
The diluted altcoin market is likely where (if) Bitcoin's eventual successor will appear.
Bitcoin's first mover advantage could well be the most important factor, however.
I think you guys are seriously underestimating what the power of familiarity can produce.
In my opinion, the advantage of bitcoin is it being the "first" mover in becoming a mainstream crypto-currency.
I also think the name in itself is extremely powerful. It sound simple, yet invokes a sort of cyber future image.
Litecoin and Feathercoin just sound weak in comparison. (Phonetically weak)
I think we will soon start to see threads about how much is 'insert crypto currency' in BTC instead of how much fiat is BTC worth.
In my opinion, the advantage of bitcoin is it being the "first" mover in becoming a mainstream crypto-currency.
I also think the name in itself is extremely powerful. It sound simple, yet invokes a sort of cyber future image.
Litecoin and Feathercoin just sound weak in comparison. (Phonetically weak)
I think we will soon start to see threads about how much is 'insert crypto currency' in BTC instead of how much fiat is BTC worth.
I've noticed this as well. Altcoins don't really have the same marketable ring to them that bitcoin does. But that doesn't mean someone can't still create an alternative, it only further discredits the power of the current substitutes.
I think you guys are seriously underestimating what the power of familiarity can produce.
In my opinion, the advantage of bitcoin is it being the "first" mover in becoming a mainstream crypto-currency.
I also think the name in itself is extremely powerful. It sound simple, yet invokes a sort of cyber future image.
Litecoin and Feathercoin just sound weak in comparison. (Phonetically weak)
I think we will soon start to see threads about how much is 'insert crypto currency' in BTC instead of how much fiat is BTC worth.
In my opinion, the advantage of bitcoin is it being the "first" mover in becoming a mainstream crypto-currency.
I also think the name in itself is extremely powerful. It sound simple, yet invokes a sort of cyber future image.
Litecoin and Feathercoin just sound weak in comparison. (Phonetically weak)
I think we will soon start to see threads about how much is 'insert crypto currency' in BTC instead of how much fiat is BTC worth.
but it will feature more de-centralization, less susceptibility to KP injections
What the hell is a KP injection?
Lol
but it will feature more de-centralization, less susceptibility to KP injections
What the hell is a KP injection?
The POS algorithm is exactly that a Sound.
The PPC POS algorithm is still broken from last December. The "fixes" implemented since have not been publicly discussed nor has it been proven to actually be a viable POS algorithm.
But you are right, the SOUND of POS system is nice...it just isn't a reality yet.
The PPC POS algorithm is still broken from last December. The "fixes" implemented since have not been publicly discussed nor has it been proven to actually be a viable POS algorithm.
But you are right, the SOUND of POS system is nice...it just isn't a reality yet.
It's a work in progress from what I understand, one day it will all be resolved.
Buy your PPC before then.
I suspect you have a secret stash of PPC anyway.
It will eat away at bitcoin's market share and prove the point that there's nothing special, magic or "gold-like" about the current chain. The crypto periodic table has an infinite number of elements, and the scarcity can be customized at will: fixed number, exponential increase, just one etc. And if it's scarce, easy to transport and well distributed, then it's money. Litecoin will inflate Bitcoin, it's already a practical crypto that you can use instead of Bitcoin for many things: buy drugs on Atlantis, store in a cold wallet, send fiat around the world with high privacy etc.
The same way Litecoin can be inflated by other cryptocurrencies. Feathercoin does this already IMHO.Bitcoin have supreme advantage over all other cryptocurrencies - higher security (due to higher network hash rate) and ASICs. Just think, which currency large investors will prefer? I very doubt that Litecoin
! 
I would suggest that the hashrate gap between an optimised Scrypt ASIC and a GPU is far less than the gap between an optimised SHA-256 ASIC and a GPU. AMD etc. have already been working on chips that work a lot like a good Scrypt ASIC for many years now. 
Don't get me wrong - I'm not saying Bitcoin is anywhere near past its prime just yet. But long term, and as things stand right now, I'd back a well configured Scrypt-based altcoin over a well configured SHA-256 based altcoin. At the moment Litecoin looks good both in terms of adoption potential (i.e. processing speed) and long term stability (resistance to hashrate dominance).
Just my thoughts; not trying to evangelise or upset the applecart. But I do sometimes fear that the Bitcoin evangelists, whom I fully support, blinker themselves to future possibilities.
Don't get me wrong - I'm not saying Bitcoin is anywhere near past its prime just yet. But long term, and as things stand right now, I'd back a well configured Scrypt-based altcoin over a well configured SHA-256 based altcoin. At the moment Litecoin looks good both in terms of adoption potential (i.e. processing speed) and long term stability (resistance to hashrate dominance).
Just my thoughts; not trying to evangelise or upset the applecart. But I do sometimes fear that the Bitcoin evangelists, whom I fully support, blinker themselves to future possibilities.
Agreed.
So many naysayers of LTC are now silent because of the recent adoption of LTC by many. Yes it is speculative, as is Bitcoin.
Anyone claiming LTC was a scam is also saying BTC was a scam.
Scrypt is ASIC-resistant.
No it's not. It might be harder to do, but if the monetary incentives are there, ASICs will appear.
It was also GPU resistant... until it wasn't anymore.
You are assuming they mean Litecoin is ASIC-proof. Right now it is "resistent" because there are no ASICs lol.
No one said it was ASIC PROOF.
It's not in any way a foregone conclusion that Bitcoin will fail. Bitcoin could evolve into it's own replacement.
Perhaps it already has. e.g. Litecoin
LOL, Liteoin is no advancement. It's just a proof of work coin, very similar to Bitcoin with some tweaks in block generation times, etc.
I like the sound of the Proof Of Stake system, now that's a real advancement.
The POS algorithm is exactly that a Sound.
The PPC POS algorithm is still broken from last December. The "fixes" implemented since have not been publicly discussed nor has it been proven to actually be a viable POS algorithm.
But you are right, the SOUND of POS system is nice...it just isn't a reality yet.
I would suggest that the hashrate gap between an optimised Scrypt ASIC and a GPU is far less than the gap between an optimised SHA-256 ASIC and a GPU. AMD etc. have already been working on chips that work a lot like a good Scrypt ASIC for many years now.
Don't get me wrong - I'm not saying Bitcoin is anywhere near past its prime just yet. But long term, and as things stand right now, I'd back a well configured Scrypt-based altcoin over a well configured SHA-256 based altcoin. At the moment Litecoin looks good both in terms of adoption potential (i.e. processing speed) and long term stability (resistance to hashrate dominance).
Just my thoughts; not trying to evangelise or upset the applecart. But I do sometimes fear that the Bitcoin evangelists, whom I fully support, blinker themselves to future possibilities.
Don't get me wrong - I'm not saying Bitcoin is anywhere near past its prime just yet. But long term, and as things stand right now, I'd back a well configured Scrypt-based altcoin over a well configured SHA-256 based altcoin. At the moment Litecoin looks good both in terms of adoption potential (i.e. processing speed) and long term stability (resistance to hashrate dominance).
Just my thoughts; not trying to evangelise or upset the applecart. But I do sometimes fear that the Bitcoin evangelists, whom I fully support, blinker themselves to future possibilities.
Litecoin will not disrupt Bitcoin because it's not sufficiently different. It will eat away at bitcoin's market share and prove the point that there's nothing special, magic or "gold-like" about the current chain. The crypto periodic table has an infinite number of elements, and the scarcity can be customized at will: fixed number, exponential increase, just one etc. And if it's scarce, easy to transport and well distributed, then it's money. Litecoin will inflate Bitcoin, it's already a practical crypto that you can use instead of Bitcoin for many things: buy drugs on Atlantis, store in a cold wallet, send fiat around the world with high privacy etc.
Bitcoin's merchant deployment is a shallow moat: it's only a matter of time until folks like BitPay etc. add more payment options shielding away the merchant from the details of the actual crypto the user is paying with. Even homebrew Bitcoin payment systems can be easily retrofitted to support Bitcoin forks.
Bitcoin's merchant deployment is a shallow moat: it's only a matter of time until folks like BitPay etc. add more payment options shielding away the merchant from the details of the actual crypto the user is paying with. Even homebrew Bitcoin payment systems can be easily retrofitted to support Bitcoin forks.
Scrypt is ASIC-resistant.
No it's not. It might be harder to do, but if the monetary incentives are there, ASICs will appear.
It was also GPU resistant... until it wasn't anymore.
LOL, Liteoin is no advancement. It's just a proof of work coin, very similar to Bitcoin with some tweaks in block generation times, etc.
It's more than that actually. And some of us believe that the choice of hashing algorithm will become increasingly relevant. Scrypt is ASIC-resistant. SHA-256 positively cries out for ASIC mining. That's important when it comes to securing against hashing dominance problems such as 51% etc.
There still is no alternative for Bitcoin, so pronouncing it dead at $100 is a it premature. The fun hasn't started yet.
It's not in any way a foregone conclusion that Bitcoin will fail. Bitcoin could evolve into it's own replacement.
Perhaps it already has. e.g. Litecoin
LOL, Liteoin is no advancement. It's just a proof of work coin, very similar to Bitcoin with some tweaks in block generation times, etc.
I like the sound of the Proof Of Stake system, now that's a real advancement.
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