Tell me your predictions about Bitcoin - page 99.

tee-rex

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Quote from: el kaka22 on November 25, 2016, 11:40:09 AM

Quote from: Mastsetad on November 25, 2016, 03:42:21 AM

Quote from: Antoshka on November 25, 2016, 03:24:44 AM

I recently learned about Bitcoin. I invested it, because I think this cryptocurrency perspective. But when the price of Bitcoin falls I'm nervous. Perhaps due to lack of experience. In general, I believe that Bitcoin will soon rise in price considerably

It has nothing to be nervous about when the price drops down because that is the nature of bitcoin, no matter how high or how low it goes but it will still keep fluctuating because that is how it works, sometimes up and sometimes down.

Even bitcoin growth is moving on exponential rate, it is still following a typical commodity's pattern on trading.
Mostly the highly fluctuating commodities like crude oil trading will be doing similar to bitcoin trading. The very big advantage of bitcoin is, it is always moving up even among many fluctuations. Predicting about bitcoins future will be so easy for anyone in general.

Past performance is not necessarily indicative of future results or returns. This has been told and proven hundred times, and we should not forget about such things as Black swans and perfect storms. Someone with enough money in his pockets could basically bring down Bitcoin network for an arbitrary amount of time. Until the price starts going down and ultimately collapses. Things like that may not have happened yet only for the simple reason that Bitcoin is not really a big fish so far to come across someone really powerful or wealthy.

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Quote from: Mastsetad on November 25, 2016, 03:42:21 AM

Quote from: Antoshka on November 25, 2016, 03:24:44 AM

I recently learned about Bitcoin. I invested it, because I think this cryptocurrency perspective. But when the price of Bitcoin falls I'm nervous. Perhaps due to lack of experience. In general, I believe that Bitcoin will soon rise in price considerably

It has nothing to be nervous about when the price drops down because that is the nature of bitcoin, no matter how high or how low it goes but it will still keep fluctuating because that is how it works, sometimes up and sometimes down.

Even bitcoin growth is moving on exponential rate, it is still following a typical commodity's pattern on trading.
Mostly the highly fluctuating commodities like crude oil trading will be doing similar to bitcoin trading. The very big advantage of bitcoin is, it is always moving up even among many fluctuations. Predicting about bitcoins future will be so easy for anyone in general.

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Quote from: equator on November 25, 2016, 04:30:43 AM

Quote from: betohell on November 25, 2016, 04:08:23 AM

Quote from: J Gambler on November 24, 2016, 08:29:13 AM

Quote from: bachlovesstories on July 04, 2015, 08:23:28 AM

What is the obstacles, challenges and problems that Bitcoin can face it in 5 years? How we can help Bitcoin to take more authoritative place in the world of currency system?

Bitcoin will be good in our economy who knows that bitcoin will be more popular after 5 years because of a new president in US it will be more popular because it will be choosen by people are trying to get some business with bitcoin and it will be use as physical money too to use offline store.

no one knows about the future of bitcoin, but bitcoin see the development from year to year where bitcoin is growing very rapidly, I'm sure a few more years bitcoin will become popular, it may be adopted in various countries? who know?

Ya it is sure now just see after the demonetization of currency in india have made so much difference on bitcoin that the price of bitcoin in international market and in localbitcoins exchange is 20% higher selling and buying it.

They somehow help the ecosystem of bitcoin, with their adoption they are leading as an example for other countries to trust bitcoin. They have to be open minded enough that bitcoin is an investment and it grows its value overtime. Never save cash as you investment.

equator

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Quote from: betohell on November 25, 2016, 04:08:23 AM

Quote from: J Gambler on November 24, 2016, 08:29:13 AM

Quote from: bachlovesstories on July 04, 2015, 08:23:28 AM

What is the obstacles, challenges and problems that Bitcoin can face it in 5 years? How we can help Bitcoin to take more authoritative place in the world of currency system?

Bitcoin will be good in our economy who knows that bitcoin will be more popular after 5 years because of a new president in US it will be more popular because it will be choosen by people are trying to get some business with bitcoin and it will be use as physical money too to use offline store.

no one knows about the future of bitcoin, but bitcoin see the development from year to year where bitcoin is growing very rapidly, I'm sure a few more years bitcoin will become popular, it may be adopted in various countries? who know?

Ya it is sure now just see after the demonetization of currency in india have made so much difference on bitcoin that the price of bitcoin in international market and in localbitcoins exchange is 20% higher selling and buying it.

betohell

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Quote from: J Gambler on November 24, 2016, 08:29:13 AM

Quote from: bachlovesstories on July 04, 2015, 08:23:28 AM

What is the obstacles, challenges and problems that Bitcoin can face it in 5 years? How we can help Bitcoin to take more authoritative place in the world of currency system?

Bitcoin will be good in our economy who knows that bitcoin will be more popular after 5 years because of a new president in US it will be more popular because it will be choosen by people are trying to get some business with bitcoin and it will be use as physical money too to use offline store.

no one knows about the future of bitcoin, but bitcoin see the development from year to year where bitcoin is growing very rapidly, I'm sure a few more years bitcoin will become popular, it may be adopted in various countries? who know?

Mastsetad

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Quote from: Antoshka on November 25, 2016, 03:24:44 AM

I recently learned about Bitcoin. I invested it, because I think this cryptocurrency perspective. But when the price of Bitcoin falls I'm nervous. Perhaps due to lack of experience. In general, I believe that Bitcoin will soon rise in price considerably

It has nothing to be nervous about when the price drops down because that is the nature of bitcoin, no matter how high or how low it goes but it will still keep fluctuating because that is how it works, sometimes up and sometimes down.

Antoshka

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I recently learned about Bitcoin. I invested it, because I think this cryptocurrency perspective. But when the price of Bitcoin falls I'm nervous. Perhaps due to lack of experience. In general, I believe that Bitcoin will soon rise in price considerably

Wandering Soul~

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Nice topic but I can only give a possibilities cause no one really knows what will gonna happen after 5 years .

Bitcoins price will skyrockets and will lead to many new bitcoin users, products and services .

Bitcoin related services such as debit cards, wallets etc. might not allow us to avail their services unless we submit a bunch of documents .

Bitcoin might get use to various illegal activities because of its so called anomity that will lead to the regulatory authorities making their move, They can tax us, they can ban bitcoin, or even make the users verify their identity before using it .

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Quote from: saiha on November 24, 2016, 09:53:02 PM

Quote from: outatime1 on November 24, 2016, 09:13:21 PM

I think we will see a drop in price before it goes back up again. Overall I think the price will gradually increase over the next few years.

Just like many are believing, if there is a pump surely there is a dump after it. But not totally dump for me because the decrease in price will be minimal.

As many news are coming out about bitcoin's adoption like big countries central banks are planning to adopt it for real and to be part of their service.

Then this will make the big allocation for the price increase and will make the price decrease stopped.

Pump is more dominant in bitcoin therefore it's the best investment. We much be thankful when someone dump so we can buy cheap bitcoins.

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Quote from: outatime1 on November 24, 2016, 09:13:21 PM

I think we will see a drop in price before it goes back up again. Overall I think the price will gradually increase over the next few years.

Just like many are believing, if there is a pump surely there is a dump after it. But not totally dump for me because the decrease in price will be minimal.

As many news are coming out about bitcoin's adoption like big countries central banks are planning to adopt it for real and to be part of their service.

Then this will make the big allocation for the price increase and will make the price decrease stopped.

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I think we will see a drop in price before it goes back up again. Overall I think the price will gradually increase over the next few years.

Gloiri

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Quote from: Aamir1 on November 24, 2016, 12:16:03 PM

Quote from: J Gambler on November 24, 2016, 08:29:13 AM

Quote from: bachlovesstories on July 04, 2015, 08:23:28 AM

What is the obstacles, challenges and problems that Bitcoin can face it in 5 years? How we can help Bitcoin to take more authoritative place in the world of currency system?

Bitcoin will be good in our economy who knows that bitcoin will be more popular after 5 years because of a new president in US it will be more popular because it will be choosen by people are trying to get some business with bitcoin and it will be use as physical money too to use offline store.

Though i also feel that bitcoin will be more popular after five years but i don't think that will have anything to do with the presidency of someone or any other things like that, if bitcoin progresses then it would only be the result of adoptions done by companies around the world.

Indeed it does not, the fact is that its getting more popular everyday because its just a good currency that can be considered as very good.

Aamir1

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Quote from: J Gambler on November 24, 2016, 08:29:13 AM

Quote from: bachlovesstories on July 04, 2015, 08:23:28 AM

What is the obstacles, challenges and problems that Bitcoin can face it in 5 years? How we can help Bitcoin to take more authoritative place in the world of currency system?

Bitcoin will be good in our economy who knows that bitcoin will be more popular after 5 years because of a new president in US it will be more popular because it will be choosen by people are trying to get some business with bitcoin and it will be use as physical money too to use offline store.

Though i also feel that bitcoin will be more popular after five years but i don't think that will have anything to do with the presidency of someone or any other things like that, if bitcoin progresses then it would only be the result of adoptions done by companies around the world.

arseaboy

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Quote from: clickerz on November 24, 2016, 09:48:32 AM

[quote author=ethereumhunter link=topic=1108671.msg16976340#msg16976340 date=147999517i hope this is really happen in after 5 years, and it will be a good news for bitcoin community and will be attract more people and adoption process will be growth with so many people from US which is using bitcoin and maybe among of them, will build more store online that accepting bitcoin for the payment.

That is a good prediction if ever more traders or business men will build store online that will accept bitcoin as payment. How convenice in the fture if we can order our grocery online, paid in bitcoin and will be delivered in our home. It creates more demand in the future and will push the bitcoin to an astonishing high.
[/quote]

I believe some business are starting to adapt bitcoins. In our country there are few establishments who already accept bitcoin payments and this is going to be a good start.. because soon it will grow and more business and services will be available for us in bitcoin community and it would be more convenient for us to make transaction online.

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[quote author=ethereumhunter link=topic=1108671.msg16976340#msg16976340 date=147999517i hope this is really happen in after 5 years, and it will be a good news for bitcoin community and will be attract more people and adoption process will be growth with so many people from US which is using bitcoin and maybe among of them, will build more store online that accepting bitcoin for the payment.
[/quote]

That is a good prediction if ever more traders or business men will build store online that will accept bitcoin as payment. How convenice in the fture if we can order our grocery online, paid in bitcoin and will be delivered in our home. It creates more demand in the future and will push the bitcoin to an astonishing high.

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Quote from: J Gambler on November 24, 2016, 08:29:13 AM

Quote from: bachlovesstories on July 04, 2015, 08:23:28 AM

What is the obstacles, challenges and problems that Bitcoin can face it in 5 years? How we can help Bitcoin to take more authoritative place in the world of currency system?

Bitcoin will be good in our economy who knows that bitcoin will be more popular after 5 years because of a new president in US it will be more popular because it will be choosen by people are trying to get some business with bitcoin and it will be use as physical money too to use offline store.

i hope this is really happen in after 5 years, and it will be a good news for bitcoin community and will be attract more people and adoption process will be growth with so many people from US which is using bitcoin and maybe among of them, will build more store online that accepting bitcoin for the payment.

J Gambler

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Quote from: bachlovesstories on July 04, 2015, 08:23:28 AM

What is the obstacles, challenges and problems that Bitcoin can face it in 5 years? How we can help Bitcoin to take more authoritative place in the world of currency system?

Bitcoin will be good in our economy who knows that bitcoin will be more popular after 5 years because of a new president in US it will be more popular because it will be choosen by people are trying to get some business with bitcoin and it will be use as physical money too to use offline store.

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Quote from: Bitcoin0916 on November 24, 2016, 03:19:06 AM

My predictions about bitcoin is:
1. In 2017 the highest price reach $1200 and the lowest price $1000
2. In 2020 the highest price reach $5000 and the lowesr price $4500

But I doubt bitcoin can survive after 2025, because too many problem and replace with another cryptocurrency.

I almost believe in your predictions but that 2025 opinion which will be replaced by another cryptocurrency. That made me question everything. Can you provide some examples to which of those alts or is it something new that will be replacing bitcoin?

shintosai

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Quote from: tee-rex on November 24, 2016, 07:01:49 AM

Quote from: talkbitcoin on November 24, 2016, 06:34:22 AM

Quote from: mrkevio on November 24, 2016, 06:16:06 AM

Slow transactions happen when you sent one with a very small fee or if the Blockchain is overloaded. This happened a few times and dozens of thousands of transactions were put on the "wait list". My transactions with very low fees compared to the recommended ones are usually confirmed in one day or even less.

at times like this the problem is not "low fees" at all but instead the competition that takes place.
if you look at the number of transactions currently waiting in the mempool they mostly have the minimal amount of fee but when something like this happens that minimal amount increases and keeps on increasing because of the competition which makes a normal fee of normal situation a low fee!

I don't really think that this would add a lot to our trust in Bitcoin. All in all, someone with enough bitcoins could just bring the network down by flooding it with tons of transactions with high enough fees to crowd out all other "genuine" transactions. Unless this issue gets resolved soon and fast, it could quickly turn into something more serious than just an occasional jam.

well in some aspect that's right its really affecting bitcoin value but for sure in the long run it can be fixed and more and more investors will come and fair competition will occur, adoption and day trade will make it more valuable giving us all good investment returned in the long run.

tee-rex

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Quote from: talkbitcoin on November 24, 2016, 06:34:22 AM

Quote from: mrkevio on November 24, 2016, 06:16:06 AM

Slow transactions happen when you sent one with a very small fee or if the Blockchain is overloaded. This happened a few times and dozens of thousands of transactions were put on the "wait list". My transactions with very low fees compared to the recommended ones are usually confirmed in one day or even less.

at times like this the problem is not "low fees" at all but instead the competition that takes place.
if you look at the number of transactions currently waiting in the mempool they mostly have the minimal amount of fee but when something like this happens that minimal amount increases and keeps on increasing because of the competition which makes a normal fee of normal situation a low fee!

I don't really think that this would add a lot to our trust in Bitcoin. All in all, someone with enough bitcoins could just bring the network down by flooding it with tons of transactions with high enough fees to crowd out all other "genuine" transactions. Unless this issue gets resolved soon and fast, it could quickly turn into something more serious than just an occasional jam.

Topic: Tell me your predictions about Bitcoin - page 99. (Read 234779 times)