what do you think about this news:
https://www.btcc.com/news/article/btcc-now-accepting-direct-bank-deposits
BTCC Now Accepting Direct Bank Deposits
Nov 02, 2015
Recent bitcoin price increases have reignited enthusiasm in buying bitcoin. BTCC is confident this trend will continue. As such, we are pleased to announce that we now accept direct deposits.
Customers now need only log in, click on “Account,” then “Fund,” and then select the “Bank Deposit” option to fund their BTCC accounts through their bank accounts. All customers who have Chinese bank accounts will be able to make direct deposits through ATM transfers or online banking.
BTCC will stop accepting customer deposits through agents on November 15.
Topic: Rising Numbers (Read 2717 times)
The price is 392 at the moment in preev. I think that this is the preparation of the public debt of US or for the next halving or some kinds of inflation
I think none of the reasons you named applies in this current situation. News from the fiat economy had hardly any influence on the Bitcoin price in 2015, why the situation should be different this time? There was no big negative news that would feel like the end of Keynesian economy is behind the corner. Rather old stuff that pretty much was already known. Debt ceiling included. If you hold a printing press, like FED does, that is all that matters, and rising of the ceiling will be pushed and approved in due time anyway.
It looks more like speculation games of the Chinese exchanges and I would stick to that for now. Halving is still quite far away, thus I would rule it out for now.
The price is 392 at the moment in preev. I think that this is the preparation of the public debt of US or for the next halving or some kinds of inflation
By pure supply and demand, and considering that only 21 million Bitcoins will ever be out there, and more importantly, you have to consider all of the Bitcoin that got lost and therefore shrinks the supply even more... you can foresee that if the demands keeps growing, the only and I mean only way to go is to go UP. There are no questions with this. Supply and demand is a fact such as Newton's gravitational laws. Now, how high can it go? No one knows, just sit back and watch.
I am thinking should I buy BTC now?? Bcuz if next year or in December well be 1000 dollar than that is alot of money hmmm....
If you think the price will be $1000 in December, then buy the bitcoin. The stock market index will not rise that much. However, it is risky business.
Maybe but I wouldnt say for sure. The value of 1 btc is going up currently, but it has to stop somewhere.
I am thinking should I buy BTC now?? Bcuz if next year or in December well be 1000 dollar than that is alot of money hmmm....
yes hopefully it will reach 1k next year, that would be amazing to see that happen. It's almost at $400! Very close
price may go up or down as any other currency or comodity but i like to get a comment or two :
miners are what makes transactions of bitcoin posible ,right ?
dificulty increasing often and then block rewards going down to half ,miner's costs going up so
the price needs to go up and cover at least the miners
right now for 150,000 transactions big or small ,average cost of fees+block rewards per transaction is 8$ !!!
that is a scary number considering divisibility and easy to spend little amounts like 2$ or less .are two of main
strengths of this curency ,equation can go better if we have more use of bitcoins but then we are like to hit
block size limits , damn this puzzle going worst anytime i try to fix it in my mind
welcome any help for me and i suspect for many other confused forum readers.
miners are what makes transactions of bitcoin posible ,right ?
dificulty increasing often and then block rewards going down to half ,miner's costs going up so
the price needs to go up and cover at least the miners
right now for 150,000 transactions big or small ,average cost of fees+block rewards per transaction is 8$ !!!
that is a scary number considering divisibility and easy to spend little amounts like 2$ or less .are two of main
strengths of this curency ,equation can go better if we have more use of bitcoins but then we are like to hit
block size limits , damn this puzzle going worst anytime i try to fix it in my mind
welcome any help for me and i suspect for many other confused forum readers.
I am new to the Bitcoin world but trying to learn. Can you in reality in the far future ever see a coin be worth more than 1K or more?
yes I can, that's why so many people are mining/buying/collecting these days. A lot of people believe it's a good investment including myself
1000$ would not have been reached without mt. gox and the trading bot (forgot the name).
edit: willy
http://www.theguardian.com/technology/2014/may/29/bitcoin-bots-bought-millions-in-the-last-days-of-mt-gox
http://blog.wizsec.jp/2015/02/mtgox-investigation-release.html
i sold everything @334$. then i think soon we will be back @250$ and then it is time to buy an wait for the halving.
edit: willy
http://www.theguardian.com/technology/2014/may/29/bitcoin-bots-bought-millions-in-the-last-days-of-mt-gox
http://blog.wizsec.jp/2015/02/mtgox-investigation-release.html
i sold everything @334$. then i think soon we will be back @250$ and then it is time to buy an wait for the halving.
We shall see in a few weeks if your strategy works out or not. The recent rise is quite smooth. I do not think it is caused by a robot.
no, not at the moment. but never ever 1000 again without manipulating the market.
$1000 can be achieved without manipulating the market. If the current trend continues until the end of the year $1000 is an easy target.
It collapsed because of the silk road and other illegal activities ...weapon supplies ,ISIS etc...
People did not accept that and moved their investments.This rise is just Chinese thing.
Silk Road collapsed before the bubble and may well have been a factor in increasing confidence when folks realised that Bitcoin wasn't dependent on it.
Gox weirdness aside, the rise was fueled by China last time and the collapse was fueled by it to when the government clamped down on exchanges. The Chinese government then pumped out documentaries pointing out the dangers and the losses people had sustained while conveniently leaving out that they were the primary reason why.
And I can't see any mention anywhere about weapons or terrorism ever being a factor.
1k was already surpassed in 2013, it was 1200, i dunno why people keep thinking about 1k, when it is not a real target anymore
if everything goes well we can hit 10k, with the next halving already...
if everything goes well we can hit 10k, with the next halving already...
You'll be lucky to make it back to $1000 at the next halving. That's why everyone keeps talking about it. Every zero you add to an already sky-high valuation is another stage of delusion.
It is not easy to go through $1000 due to halving in the middle of next year. But if bitcoin is widely adopted, the price will rise.
1k was already surpassed in 2013, it was 1200, i dunno why people keep thinking about 1k, when it is not a real target anymore
if everything goes well we can hit 10k, with the next halving already...
if everything goes well we can hit 10k, with the next halving already...
You'll be lucky to make it back to $1000 at the next halving. That's why everyone keeps talking about it. Every zero you add to an already sky-high valuation is another stage of delusion.
Burt has an algorithm on the price cap, it has lots merit in getting a realistic number for a period: https://bitcointalksearch.org/topic/m.7687843
Capturing 1% of such and such market value is not really feasible unless we see some kind of world wide economy meltdown.
Capturing 1% of such and such market value is not really feasible unless we see some kind of world wide economy meltdown.
1000$ would not have been reached without mt. gox and the trading bot (forgot the name).
edit: willy
http://www.theguardian.com/technology/2014/may/29/bitcoin-bots-bought-millions-in-the-last-days-of-mt-gox
http://blog.wizsec.jp/2015/02/mtgox-investigation-release.html
i sold everything @334$. then i think soon we will be back @250$ and then it is time to buy an wait for the halving.
edit: willy
http://www.theguardian.com/technology/2014/may/29/bitcoin-bots-bought-millions-in-the-last-days-of-mt-gox
http://blog.wizsec.jp/2015/02/mtgox-investigation-release.html
i sold everything @334$. then i think soon we will be back @250$ and then it is time to buy an wait for the halving.
We shall see in a few weeks if your strategy works out or not. The recent rise is quite smooth. I do not think it is caused by a robot.
I am new to the Bitcoin world but trying to learn. Can you in reality in the far future ever see a coin be worth more than 1K or more?
oh itll definitely be worth alot more than 1k in the future years. im guessing its gonna take around 3-5 years to hit $1k and its only going to go up from there
Well yeah I think BTC was first 1000 dollar.
1k was already surpassed in 2013, it was 1200, i dunno why people keep thinking about 1k, when it is not a real target anymore
if everything goes well we can hit 10k, with the next halving already...
if everything goes well we can hit 10k, with the next halving already...
we can hit it before the halving, not sure if it will happen, but it might.
So you think this will be the priced in halving then? Or do you expect a much larger effect while and after the halving event?
most miners are mining at a loss right now, and many of them immediately sell their mined coins to pay for electricity, with the halving, the amount of coins hitting the exchange would suddenly be much less.
Of course, most people anticipate this, so the price will likely rise long before this. What happens during or shortly after the halving depends on a lot of factors.
For example, will we overshoot the equilibrium price or not? How much demand will there be, and how much impact will the reduced supply really have?
Well to reach 1,000 USD it needs lots of time (normally)
At least after few halving periods which affect the price directly.
Another things which can affect the price are the chinese people which can pump the price to the moon.
At least after few halving periods which affect the price directly.
Another things which can affect the price are the chinese people which can pump the price to the moon.
Halving is the main catalyst for the next push. The opening of the regulated bitcoin exchange Gemini is the next catalyst.
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