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Topic: Speculation on BTC - page 8. (Read 1621 times)

newbie
Activity: 93
Merit: 0
June 12, 2018, 02:12:39 AM
I was reading the Speculation section from the Economics forum yesterday, and two guys from the BTC Foundation said that 2018 will be the last time that Bitcoin will be under $10,000. I believe that this statement was made to lessen the worry that comes about every time that BTC drops. I don't know how anyone could make that statement in full faith though, as the nature of altcoins is its very volatility. Since it is not tied to normal economic conditions as fiat currency is, I don't quite see where that prediction comes from. The fact that many economies are talking about some type of oversight does show that acceptance is gaining and perhaps is a harbinger of more stable, and higher, prices.
Honestly i don't believe in people saying that the price of bitcoin will decrease or will go up because there is no one of us here that can actually predict the price of bitcoin in the future. That is only pure speculation and we should monitor the price ourselves.
jr. member
Activity: 82
Merit: 1
June 12, 2018, 02:06:59 AM
I believe there are plenty of powers fighting for the dominance over bitcoin some of which are trying to suppress the price and some drive it up. Moreover, bitcoin's rate is pretty dependent on news. With all that in mind, I would dare making any predictions as there always is a chance of a black swan.

There are different cryptocurrency today in the market that is keeps on coming out and because of that, the competition in the market is keep on tightening up and we can expect for the price of bitcoins to increase further more in the future.
What do you mean by good days? There are no more good days like the ones in the previous year. That pump was unnatural and that’s why it collapsed like fail rocket and now the price is normal and corrections are also normal. Volatility is not a big problem for bitcoin because the price is so high that few hundred dollars up and down can occur any time.
newbie
Activity: 59
Merit: 0
June 12, 2018, 01:48:04 AM
I was reading the Speculation section from the Economics forum yesterday, and two guys from the BTC Foundation said that 2018 will be the last time that Bitcoin will be under $10,000. I believe that this statement was made to lessen the worry that comes about every time that BTC drops. I don't know how anyone could make that statement in full faith though, as the nature of altcoins is its very volatility. Since it is not tied to normal economic conditions as fiat currency is, I don't quite see where that prediction comes from. The fact that many economies are talking about some type of oversight does show that acceptance is gaining and perhaps is a harbinger of more stable, and higher, prices.
Bitcoin will always here and it will not burst as what others said. We just need to believe that this will make us profitable when we invest this in a long term plan.
full member
Activity: 420
Merit: 101
June 12, 2018, 01:31:51 AM
I was reading the Speculation section from the Economics forum yesterday, and two guys from the BTC Foundation said that 2018 will be the last time that Bitcoin will be under $10,000. I believe that this statement was made to lessen the worry that comes about every time that BTC drops. I don't know how anyone could make that statement in full faith though, as the nature of altcoins is its very volatility. Since it is not tied to normal economic conditions as fiat currency is, I don't quite see where that prediction comes from. The fact that many economies are talking about some type of oversight does show that acceptance is gaining and perhaps is a harbinger of more stable, and higher, prices.
Every people have different opinion but those kind of article are needed because there's a lot of negative news about bitcoin now, I think they want people to have faith in bitcoin because there are many users lose their faith and trust but I believe bitcoin will overcome all the struggle and it will bounce back more powerful.
sr. member
Activity: 808
Merit: 271
June 12, 2018, 12:05:12 AM
I believe there are plenty of powers fighting for the dominance over bitcoin some of which are trying to suppress the price and some drive it up. Moreover, bitcoin's rate is pretty dependent on news. With all that in mind, I would dare making any predictions as there always is a chance of a black swan.
Whether or not a US government bitcoin speculation is in the process of investigating whether or not the speculation manipulates the cryptographic market in general btc in particular. The investigation is supposed to focus on tricks that can be Affect on the transaction price
The price speculations have been of optimistic nature and it has been speculated that the values of Bitcoin will rise as high as $30000 and might even surpass this value in 2018. As a result of this prediction by the top experts, the demand for Bitcoin has again risen in the market and this trend has also vibrated the whole crypto market which means we are moving towards good time.
sr. member
Activity: 980
Merit: 255
June 11, 2018, 04:06:46 PM
I am kinda worried about one factor - rate of Bitcoin adoption. It seems like adoption slowed down significantly during last year, and sometimes even reverted (Steam is no longer accepting BTC)
Metcalfe's law states that the value of a network increases as the number of users on said network increases. So the number of users we have, affect directly the price  BTC
Adoption is somewhat stagnant - no major company is talking about accepting bitcoin as a payment method - because they know that people are not willing to spend their coins anyway.
I am worried that "hodling' mentality of Bitcoin users, in the end, will be a very big problem and the reason for low BTC adoption.
I think those two things are different aspects, in one hand you are right when you say that business have stopped adopting bitcoin and in fact we seem to see the opposite, the adoption by new users has slowed down somewhat due to the crash but it was very good before it, the main problem for business were the high fees and I sent a transaction some days ago and the fees were very cheap comparing them to a few months ago and this is going to improve when the lightning network is working, so we will see more adoption in the future it is just going to take longer than we anticipated.
legendary
Activity: 2044
Merit: 1115
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June 11, 2018, 12:44:54 PM
I am kinda worried about one factor - rate of Bitcoin adoption. It seems like adoption slowed down significantly during last year, and sometimes even reverted (Steam is no longer accepting BTC)
Metcalfe's law states that the value of a network increases as the number of users on said network increases. So the number of users we have, affect directly the price  BTC
Adoption is somewhat stagnant - no major company is talking about accepting bitcoin as a payment method - because they know that people are not willing to spend their coins anyway.
I am worried that "hodling' mentality of Bitcoin users, in the end, will be a very big problem and the reason for low BTC adoption.

If you're a long term holder or have a high cost basis, you should be worried about this. What's more worrying still is that the "users" that spiked the price last year were nothing more than speculators looking to get rich. Compared to the number of people buying bitcoin, the number of people actually using it is only a small fraction of that. Metcalfe's Law contemplates value related to legitimate utility, which speculators don't play much of a role in, if any. The spike we saw in 2017 was not sustainable and not legitimate use of the bitcoin as a currency or medium of exchange, which is where any value under Metcalfe's Law would come into play. And you can see presently why you want actual use over speculative use, because actual use represents more permanent value creation and speculative use represents unreliable and unpredictable value creation. The price crash we've been experiencing for 6 months is attributable to the loss of speculators from the market. Without that buying demand, price cannot be sustained.
sr. member
Activity: 826
Merit: 265
June 11, 2018, 01:58:31 AM
I believe there are plenty of powers fighting for the dominance over bitcoin some of which are trying to suppress the price and some drive it up. Moreover, bitcoin's rate is pretty dependent on news. With all that in mind, I would dare making any predictions as there always is a chance of a black swan.
And more than thay is the countries that dont want bitcoin or crypto interfered their economy thats why they are putting lots of regulations and some are banning but this is not enough to deeper the burden

In future years(not specifically this year)bitcoin will will and all alternative coins will bloom together with it,expect no good speculation but expect good future for us here
hero member
Activity: 2170
Merit: 503
Reward: 10M Shen (Approx. 5000 BNB) Bounty
June 11, 2018, 01:03:04 AM
your statement may be true but even though bitcoin down it will not be long bitcoin is a new technology that many companies accept, so grab a chance to buy if the bitcoin goes down
well, this would be an excellent opportunity to buy bitcoin if the price decreases as it is today. we all believe, that bitcoin prices will be even higher this year. it may be down for some reasons now, but it would be a very good thing to buy it in bulk.
full member
Activity: 512
Merit: 100
June 11, 2018, 12:26:16 AM
your statement may be true but even though bitcoin down it will not be long bitcoin is a new technology that many companies accept, so grab a chance to buy if the bitcoin goes down
full member
Activity: 462
Merit: 100
June 11, 2018, 12:10:50 AM
Bitcoin is the best coin and it needs just one month to grow maybe to the $20k and probably this year it will happen too.

Bro, I wish I would have the same optimism you do have. I am not sure that Bitcoin will reach this maximum in 2018. We can finally admit and agree that this year is the critical period for the market.
hero member
Activity: 1078
Merit: 501
June 10, 2018, 01:38:10 AM
I was reading the Speculation section from the Economics forum yesterday, and two guys from the BTC Foundation said that 2018 will be the last time that Bitcoin will be under $10,000. I believe that this statement was made to lessen the worry that comes about every time that BTC drops. I don't know how anyone could make that statement in full faith though, as the nature of altcoins is its very volatility. Since it is not tied to normal economic conditions as fiat currency is, I don't quite see where that prediction comes from. The fact that many economies are talking about some type of oversight does show that acceptance is gaining and perhaps is a harbinger of more stable, and higher, prices.
No one can ever know if bitcoin will go under more or go up already, it is just all their speculation, and speculation can possibly be not going to happen. It is depend on us if we wanted to believe those speclation and I think there is nothing wrong to believe those speculate because sometimes it can happen but there are also times that it did not.
member
Activity: 392
Merit: 10
http://o-tu.ru/
June 10, 2018, 01:34:22 AM
I was reading the Speculation section from the Economics forum yesterday, and two guys from the BTC Foundation said that 2018 will be the last time that Bitcoin will be under $10,000. I believe that this statement was made to lessen the worry that comes about every time that BTC drops. I don't know how anyone could make that statement in full faith though, as the nature of altcoins is its very volatility. Since it is not tied to normal economic conditions as fiat currency is, I don't quite see where that prediction comes from. The fact that many economies are talking about some type of oversight does show that acceptance is gaining and perhaps is a harbinger of more stable, and higher, prices.

Nobody has any control over the price so nobody has any reasonable expectation about what the price is going to do in the future. Prognostications by anyone, even people from the BTC Foundation, are rather worthless. It seems more likely they're trying to stoke demand since weak demand has been slowly deflating the price for awhile now. As members of the BTC Foundation, I expect they probably have significant Bitcoin holdings and are probably worried about how those holdings have depreciated in value over the last 6 or so months. Because of this, I would view such "predictions" as not only baseless (like any other price prediction), but also self-motivated and conflict-oriented. After all, I'm sure none of these guys would have ever predicted at the time Bitcoin was trading above $19,000 that it would ever again see a price below $7,000, and as we all know it reached that less than 6 months later! And that's why their predictions are worthless.

Immediately evident that you are a person who knows how to objectively understand the issue. As for the guys, I also think that they are not children of the famous VANGA. But as for the funds, it seems to me that the funds do not escalate the situation and do not create a stir around bitcoin and its prices. Perhaps the media spread panic on this topic, and the funds themselves are buying bitcoin in small batches at the moment.
full member
Activity: 462
Merit: 100
June 09, 2018, 11:45:57 AM
I was reading the Speculation section from the Economics forum yesterday, and two guys from the BTC Foundation said that 2018 will be the last time that Bitcoin will be under $10,000. I believe that this statement was made to lessen the worry that comes about every time that BTC drops. I don't know how anyone could make that statement in full faith though, as the nature of altcoins is its very volatility. Since it is not tied to normal economic conditions as fiat currency is, I don't quite see where that prediction comes from. The fact that many economies are talking about some type of oversight does show that acceptance is gaining and perhaps is a harbinger of more stable, and higher, prices.

News and speculations can greatly affect people's decision whether to invest on cryptocurrency or not. However, it is not that bad to listen or read other's speculation about prices because if you really believe in cryptocurrency and technology, the price will not bother you because in the future, cryptocurrency will be widely used by everyone.
jr. member
Activity: 238
Merit: 6
June 09, 2018, 11:43:27 AM
I am worried that "hodling' mentality of Bitcoin users, in the end, will be a very big problem and the reason for low BTC adoption.
It's not a problem. People care about one thing only, which is seeing Bitcoin's price go through the atmosphere, and that is exactly what is happening.

I think eventually, when the price becomes stable, and we have easy to use Lightning clients, the currency aspect will crawl back up. It takes time. Smiley

Now Bitcoin has a relative stability of 7.4K-7.8K. I think that investors are not interested, too little profit up to 5%. Many are used to a minimum of 10%.
full member
Activity: 490
Merit: 100
June 09, 2018, 11:26:47 AM
on what basis do they talk like that? is it just a prediction?
but I hope it really happened  Roll Eyes

yes I think that is just a prediction but it possible to happen. we can see in the half of this year bitcoin price tend to be stable, I mean not increase significantly and not go down significantly and it have a potential to increase again until the end of year. I just hope bitcoin will reach more than 10k in the end of year and next year will be better for bitcoin.
sr. member
Activity: 1918
Merit: 370
June 09, 2018, 10:50:44 AM
I was reading the Speculation section from the Economics forum yesterday, and two guys from the BTC Foundation said that 2018 will be the last time that Bitcoin will be under $10,000. I believe that this statement was made to lessen the worry that comes about every time that BTC drops. I don't know how anyone could make that statement in full faith though, as the nature of altcoins is its very volatility. Since it is not tied to normal economic conditions as fiat currency is, I don't quite see where that prediction comes from. The fact that many economies are talking about some type of oversight does show that acceptance is gaining and perhaps is a harbinger of more stable, and higher, prices.
Stabilization of Bitcoin's value is not beneficial to those who own it. After all, he was bought as an investment and he should bring income. So there are up and down swings, from 7K to 10K. This I think is the main reason.
And I do not exclude large investors who throw out large sums.

Prediction on Bitcoin price or the stability is always a concerned of investors, any movement on price value could trigger the possible ups and down on the market treed. We can never tell what will happened next, market is Volatile, anything can happened at any given time on the market.But with the stable market status of Bitcoin it will remain on the top among all ALT coin posted on the market.
newbie
Activity: 154
Merit: 0
June 09, 2018, 10:42:57 AM
I really believe that bitcoin will still able to reached its goal to become the most profitable and trusted investment throughout the global  and i think few years from now bitcoin market value will reached to $30000 this is what im hoping too.
full member
Activity: 336
Merit: 100
June 09, 2018, 09:15:50 AM
I was reading the Speculation section from the Economics forum yesterday, and two guys from the BTC Foundation said that 2018 will be the last time that Bitcoin will be under $10,000. I believe that this statement was made to lessen the worry that comes about every time that BTC drops. I don't know how anyone could make that statement in full faith though, as the nature of altcoins is its very volatility. Since it is not tied to normal economic conditions as fiat currency is, I don't quite see where that prediction comes from. The fact that many economies are talking about some type of oversight does show that acceptance is gaining and perhaps is a harbinger of more stable, and higher, prices.

Of course, when governments legalized bitcoin and will be amend the law, then bitcoin and cryptocurrencies will necessarily rise in price. Many people are now afraid and waiting for everything to be according to the law. Accordingly, then there will be a great demand and the price will rise.
member
Activity: 322
Merit: 10
June 09, 2018, 08:57:58 AM
I was reading the Speculation section from the Economics forum yesterday, and two guys from the BTC Foundation said that 2018 will be the last time that Bitcoin will be under $10,000. I believe that this statement was made to lessen the worry that comes about every time that BTC drops. I don't know how anyone could make that statement in full faith though, as the nature of altcoins is its very volatility. Since it is not tied to normal economic conditions as fiat currency is, I don't quite see where that prediction comes from. The fact that many economies are talking about some type of oversight does show that acceptance is gaining and perhaps is a harbinger of more stable, and higher, prices.

Most of the crypto analyst today that are writing different speculations are saying that bitcoins might reach $50k dollar just before the end of the year so keep on holding your coins.
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