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Topic: Tell me your predictions about Bitcoin - page 123. (Read 234777 times)

legendary
Activity: 3248
Merit: 1130
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August 03, 2016, 06:00:02 AM
The major obstacle I see is the adoption of technology. Many newbies are losing their coins and that’s not good for the network in the long run although it increases price of bitcoins in circulation. Another thing I would like to bring on board is government’s approach toward bitcoin. If we could not do something to prevent it from being criminal’s currency then not only governments but also rest of the world will not have good point of view towards us. We can always deal with small issues like price fall (just like current one) as we have dealt with it before this.

The bitcoin is still very risky. Not only newbies are losing their bitcoin, but also big exchanges like Bitfinex.

This is not really bitcoins problem here. Of course it can be hacked as long as it is in the internet. There are many who will try to do it but there are ways to prevent it. Bitfinex lost that, the security that they can give for their supporters.
legendary
Activity: 3374
Merit: 2198
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August 03, 2016, 05:57:33 AM
The bitcoin is still very risky. Not only newbies are losing their bitcoin, but also big exchanges like Bitfinex.

They lost roughly 120,000 BTC and that's more than $60m, big money, and while the hackers will be selling the stolen coins the price will be declining, but since Bitcoin market cap is $ 8,654,074,226 right now, which is more than 100 times bigger than the amount stolen, I think Bitcoin will survive, and I predict it will be around $650 again in two weeks.
hero member
Activity: 1638
Merit: 576
Leading Crypto Sports Betting & Casino Platform
August 03, 2016, 05:42:56 AM
The major obstacle I see is the adoption of technology. Many newbies are losing their coins and that’s not good for the network in the long run although it increases price of bitcoins in circulation. Another thing I would like to bring on board is government’s approach toward bitcoin. If we could not do something to prevent it from being criminal’s currency then not only governments but also rest of the world will not have good point of view towards us. We can always deal with small issues like price fall (just like current one) as we have dealt with it before this.

The bitcoin is still very risky. Not only newbies are losing their bitcoin, but also big exchanges like Bitfinex.
hero member
Activity: 1190
Merit: 534
August 03, 2016, 01:20:40 AM
The major obstacle I see is the adoption of technology. Many newbies are losing their coins and that’s not good for the network in the long run although it increases price of bitcoins in circulation. Another thing I would like to bring on board is government’s approach toward bitcoin. If we could not do something to prevent it from being criminal’s currency then not only governments but also rest of the world will not have good point of view towards us. We can always deal with small issues like price fall (just like current one) as we have dealt with it before this.
legendary
Activity: 2940
Merit: 1083
August 02, 2016, 09:45:03 AM
I think the bitcoin will trade around the $600 range for the next few weeks, maybe even a few months.
That is very close if the price fall back will not continue, we have already hit the price of $500 as of today and if that will continue bitcoin in the next few day will be decreasing its value and for me that is a good opportunity to buy if you are a bitcoin believer and an investor as well. I am sure that this price will give you profit in a short term.

We are online and we see that it is going down. Some are not seeing this. We might be the lucky ones who have been given the chance to see it and buy at the lower price now.
hero member
Activity: 2954
Merit: 672
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August 02, 2016, 09:00:40 AM
I think the bitcoin will trade around the $600 range for the next few weeks, maybe even a few months.
That is very close if the price fall back will not continue, we have already hit the price of $500 as of today and if that will continue bitcoin in the next few day will be decreasing its value and for me that is a good opportunity to buy if you are a bitcoin believer and an investor as well. I am sure that this price will give you profit in a short term.
member
Activity: 63
Merit: 10
August 02, 2016, 04:33:51 AM
10 dollar
full member
Activity: 151
Merit: 105
August 02, 2016, 04:32:39 AM
I think the bitcoin will trade around the $600 range for the next few weeks, maybe even a few months.
hero member
Activity: 3052
Merit: 606
August 02, 2016, 04:30:22 AM
Mass adoption by retailers and merchants (let's call it true adoption) would cause the price to spike a lot, but that's not what they want, since what they want is price stability before anything else...

So we are stuck in a vicious circle of sorts

They want price stability for it to work?
Then it will be the same as a fiat. It will not be like an investment anymore. I dont want it to be stable, I would rather monitor it daily or every hour than for it to be a calm wave. There would no fun there anymore.

Yes, I thought it was pretty evident that retailers and merchants would want price stability. They are not Bitcoin investors, they are selling (or going to sell) their merchandise for bitcoins. The price (i.e exchange rate) stability helps their business run more smoothly. Higher volatility of prices is detrimental to any enterprise unless this enterprise is selling and buying bitcoins (e.g. exchanges)...

Though I agree that it wouldn't be fun anymore

If the bitcoin price is still stable, the merchants will keep the bitcoin for a few more days, that is like holding.

Obviously, they won't unless they are forced to. Bitcoin for them is no more than working capital which shouldn't lie motionless. Any delay means losses for their business since it is used for generating profits...

And these profits doesn't come from speculation
Therefore with the current price we cannot force the big merchants to adopt with bitcoins because their large volume on a given day will be at risk due to the volatility of the price of bitcoins, maybe in the future it will happen but obviously not until massive adoption will occur.
legendary
Activity: 3486
Merit: 1280
English ⬄ Russian Translation Services
August 02, 2016, 03:24:45 AM
Mass adoption by retailers and merchants (let's call it true adoption) would cause the price to spike a lot, but that's not what they want, since what they want is price stability before anything else...

So we are stuck in a vicious circle of sorts

They want price stability for it to work?
Then it will be the same as a fiat. It will not be like an investment anymore. I dont want it to be stable, I would rather monitor it daily or every hour than for it to be a calm wave. There would no fun there anymore.

Yes, I thought it was pretty evident that retailers and merchants would want price stability. They are not Bitcoin investors, they are selling (or going to sell) their merchandise for bitcoins. The price (i.e exchange rate) stability helps their business run more smoothly. Higher volatility of prices is detrimental to any enterprise unless this enterprise is selling and buying bitcoins (e.g. exchanges)...

Though I agree that it wouldn't be fun anymore

If the bitcoin price is still stable, the merchants will keep the bitcoin for a few more days, that is like holding.

Obviously, they won't unless they are forced to. Bitcoin for them is no more than working capital which shouldn't lie motionless. Any delay means losses for their business since it is used for generating profits...

And these profits don't come from speculation
full member
Activity: 227
Merit: 100
August 02, 2016, 03:13:14 AM
Mass adoption by retailers and merchants (let's call it true adoption) would cause the price to spike a lot, but that's not what they want, since what they want is price stability before anything else...

So we are stuck in a vicious circle of sorts

They want price stability for it to work?
Then it will be the same as a fiat. It will not be like an investment anymore. I dont want it to be stable, I would rather monitor it daily or every hour than for it to be a calm wave. There would no fun there anymore.

Yes, I thought it was pretty evident that retailers and merchants would want price stability. They are not Bitcoin investors, they are selling (or going to sell) their merchandise for bitcoins. The price (i.e exchange rate) stability helps their business run more smoothly. Higher volatility of prices is detrimental to any enterprise unless this enterprise is selling and buying bitcoins (e.g. exchanges)...

Though I agree that it wouldn't be fun anymore

If the bitcoin price is still stable, the merchants will keep the bitcoin for a few more days, that is like holding.
legendary
Activity: 3486
Merit: 1280
English ⬄ Russian Translation Services
August 02, 2016, 02:49:41 AM
Mass adoption by retailers and merchants (let's call it true adoption) would cause the price to spike a lot, but that's not what they want, since what they want is price stability before anything else...

So we are stuck in a vicious circle of sorts

They want price stability for it to work?
Then it will be the same as a fiat. It will not be like an investment anymore. I dont want it to be stable, I would rather monitor it daily or every hour than for it to be a calm wave. There would no fun there anymore.

Yes, I thought it was pretty evident that retailers and merchants would want price stability. They are not Bitcoin investors, they are selling (or going to sell) their merchandise for bitcoins. The price (i.e exchange rate) stability helps their business run more smoothly. Higher volatility of prices is detrimental to any enterprise unless this enterprise is selling and buying bitcoins (e.g. exchanges)...

Though I agree that it wouldn't be fun anymore
legendary
Activity: 2940
Merit: 1083
August 02, 2016, 02:21:40 AM
bitcoin will get stronger in the future and more people adopt the bitcoin.

There are more and more retailers and business adopt the bitcoin and the users of the bitcoin will also rise.

When the bitcoin have more users, the price will rise a lot. The price is proportional to the mass adoption.

Not at all. It is proportional to the amount currently traded (read supply and demand meeting at a few major exchanges). Obviously, this has next-to-nothing to do with mass adoption. A few exceptionally large whales (blue whales) could make the price whatever they like constrained only by profit margins they could potentially attain thereby...

That would most certainly be the case if Bitcoin had been actively used in real life and only a small percent of it had been traded

The more bitcoin transacted and used by the retailers and merchants, the higher the bitcoin price will be.

Mass adoption by retailers and merchants (let's call it true adoption) would cause the price to spike a lot, but that's not what they want, since what they want is price stability before anything else...

So we are stuck in a vicious circle of sorts

They want price stability for it to work? Then it will be the same as a fiat. It will not be like an investment anymore. I dont want it to be stable, I would rather monitor it daily or every hour than for it to be a calm wave. There would no fun there anymore.
legendary
Activity: 2884
Merit: 1258
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August 01, 2016, 02:13:38 PM
I don't know what will happen to us in future but i know that bitcoin should become much poplular than now and our community should increase more.
well yeah anything might happen, thats why im afraid to invest a lot of fiat into it because i can easily lose all my money, i still put money into it because i hope that bitcoin will be big
no one can predict the future of bitcoin, so this is about the confidence of everyone to bitcoin, which hold for the long term. I do not really like to hold for long term is uncertain. but maybe I will hold until the end of the year, because I'm sure each end of bitcoin will increase. This year let alone halving not give effect to changes in price.
i agree that no one can predict the future of bitcoin, they can just speculate.  Worst Speculate without basis LOL.  Anyway most of people predict a positive projection of bitcoin.  Reason is that , bitcoin market is still very raw.  Meaning only a certain percentage of people maybe not more than 10% of world population knows about it.  So tapping more than 90% of the world population and part of them involving themselves in this coming months means a demand pressure that leads to increase in price.
hero member
Activity: 1092
Merit: 507
Leading Crypto Sports Betting & Casino Platform
August 01, 2016, 11:47:04 AM
My predictions about bitcoin in the future is a big currency in the world
bitcoin is unique and the first time in the modern wold.
I'm sure bitcoin is never die.
sr. member
Activity: 252
Merit: 250
August 01, 2016, 11:34:55 AM
I don't know what will happen to us in future but i know that bitcoin should become much poplular than now and our community should increase more.
hope that we will also be ok, my prediction is that the price of bitcoin as in present time is in downward direction, but hope that very soon it will recover its position, and i can expect that at  the end of this year 2016 the price of bitcoin will cross the 1000 USD level very easily, therefore if you have some bitcoin just hold it and no need for panic selling hope it will give you good earning.
legendary
Activity: 3486
Merit: 1280
English ⬄ Russian Translation Services
August 01, 2016, 10:41:44 AM
bitcoin will get stronger in the future and more people adopt the bitcoin.

There are more and more retailers and business adopt the bitcoin and the users of the bitcoin will also rise.

When the bitcoin have more users, the price will rise a lot. The price is proportional to the mass adoption.

Not at all. It is proportional to the amount currently traded (read supply and demand meeting at a few major exchanges). Obviously, this has next-to-nothing to do with mass adoption. A few exceptionally large whales (blue whales) could make the price whatever they like constrained only by profit margins they could potentially attain thereby...

That would most certainly be the case if Bitcoin had been actively used in real life and only a small percent of it had been traded

The more bitcoin transacted and used by the retailers and merchants, the higher the bitcoin price will be.

Mass adoption by retailers and merchants (let's call it true adoption) would cause the price to spike a lot, but that's not what they want, since what they want is price stability before anything else...

So we are stuck in a vicious circle of sorts
hero member
Activity: 756
Merit: 503
August 01, 2016, 10:06:29 AM
I don't know what will happen to us in future but i know that bitcoin should become much poplular than now and our community should increase more.
well yeah anything might happen, thats why im afraid to invest a lot of fiat into it because i can easily lose all my money, i still put money into it because i hope that bitcoin will be big
no one can predict the future of bitcoin, so this is about the confidence of everyone to bitcoin, which hold for the long term. I do not really like to hold for long term is uncertain. but maybe I will hold until the end of the year, because I'm sure each end of bitcoin will increase. This year let alone halving not give effect to changes in price.
hero member
Activity: 770
Merit: 500
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August 01, 2016, 09:50:24 AM
I don't know what will happen to us in future but i know that bitcoin should become much poplular than now and our community should increase more.
well yeah anything might happen, thats why im afraid to invest a lot of fiat into it because i can easily lose all my money, i still put money into it because i hope that bitcoin will be big
hero member
Activity: 658
Merit: 500
August 01, 2016, 09:30:23 AM
I don't know what will happen to us in future but i know that bitcoin should become much poplular than now and our community should increase more.
of course bitcoin is going to go to the sky in the near future that will allow us all to make some good money, i hope that bitcoins will be the only currency
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