What will happen ? | Bitcointalksearch.org

CoinBateman

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Quote from: Mickeyb on October 04, 2015, 04:02:04 PM

Quote from: d0om on October 04, 2015, 03:28:24 PM

Might be a little jump, then a dump into the new year? Look at the charts around this time last year.

Well if you are implying that whales will need Fiat to buy Christmas presents to their ladies, then yeah, the dump might be happening.

However, we really don't have a clue what will happen, none of us here!

That doesn't mean whoever is controlling the market isn't watching what people are doing.

Mickeyb

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Move On !!!!!!

Quote from: d0om on October 04, 2015, 03:28:24 PM

Might be a little jump, then a dump into the new year? Look at the charts around this time last year.

Well if you are implying that whales will need Fiat to buy Christmas presents to their ladies, then yeah, the dump might be happening.

However, we really don't have a clue what will happen, none of us here!

d0om

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Might be a little jump, then a dump into the new year? Look at the charts around this time last year.

CoinBateman

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Quote from: dothebeats on October 04, 2015, 03:59:09 AM

Meh, I'm currently holding for price increases and for the future as well. I don't see that a 10> bitcoin holdings would affect the entirety of bitcoin that much.

Wasn't implying that.

I am implying that most people who are holding are likely doing so from averaging down as the price has tumbled all year.

If you're in a position where you can just sit and hold it then its probably better off to do that.

dothebeats

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Meh, I'm currently holding for price increases and for the future as well. I don't see that a 10> bitcoin holdings would affect the entirety of bitcoin that much.

CoinBateman

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70% people holding their coins is no surprise. We've basically done nothing but come down for 18 months.

pattu1

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Quote from: Indianacoin on October 03, 2015, 09:54:55 AM

Quote from: Q7 on October 03, 2015, 01:08:31 AM

Without the development of the infrastructure to actually encourage people to use bitcoin to actually pay for something, you won't find demand creating upward pressure on the price. With people hoarding, price can only move up if more and more hoarders decide to buy into the coins.

The best thing to note here is "hoarding", "popularity" & "credibility". As more and more people try to hoard coins there'll be an increase in demand since it's supply is limited. Moreover, it's popularity and credibility is the most important factor behind it's price rise. Thus, to balance it's economical condition, we bitcoiners need to maintain the 3 key factors if we ever want a spike in it's graph!

Real demand comes not from hoarding, but from increased adoption leading to bitcoin-denominated goods and services.
We have to strive for that to be achieved.

Indianacoin

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Quote from: Q7 on October 03, 2015, 01:08:31 AM

Without the development of the infrastructure to actually encourage people to use bitcoin to actually pay for something, you won't find demand creating upward pressure on the price. With people hoarding, price can only move up if more and more hoarders decide to buy into the coins.

The best thing to note here is "hoarding", "popularity" & "credibility". As more and more people try to hoard coins there'll be an increase in demand since it's supply is limited. Moreover, it's popularity and credibility is the most important factor behind it's price rise. Thus, to balance it's economical condition, we bitcoiners need to maintain the 3 key factors if we ever want a spike in it's graph!

sidhujag

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Quote from: Q7 on October 03, 2015, 01:08:31 AM

Without the development of the infrastructure to actually encourage people to use bitcoin to actually pay for something, you won't find demand creating upward pressure on the price. With people hoarding, price can only move up if more and more hoarders decide to buy into the coins.

Velocity really determines price

ssmc2

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Quote from: Q7 on October 03, 2015, 01:08:31 AM

Without the development of the infrastructure to actually encourage people to use bitcoin to actually pay for something, you won't find demand creating upward pressure on the price. With people hoarding, price can only move up if more and more hoarders decide to buy into the coins.

You kind of contradicted yourself there. Hoarders buying into coins = demand = upward pressure on price.

Q7

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Without the development of the infrastructure to actually encourage people to use bitcoin to actually pay for something, you won't find demand creating upward pressure on the price. With people hoarding, price can only move up if more and more hoarders decide to buy into the coins.

sidhujag

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Deflationary currency will be only used when it has to be.. It is consistent with nashes ideal money concept where money is expected to be stable or increase rather than decrease. Ideal money always wins.

Atleast materialism dies! Yay!

Indianacoin

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Quote from: randy8777 on October 02, 2015, 09:33:32 PM

Buying a tv worth $1000 in a store with bitcoin is a different story. they will require you to wait for at least 1 confirmation, which can take quite an hour.

IMO, 1 confirmation is not needed nowadays since you won't be able to double spend any amount through all the convenient wallets available as the coins will already get deducted as soon as you confirm your payment to the respective merchant.

P.S. You can only double spend through this kind of hot wallets => https://blockchain.info/address/1Ebb8NfVmKMoGuMJCAEbVMv2dX8GnzgxSa
and I doubt in 2015 anyone would waste his time, solo mining Wink

randy8777

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Quote from: boopy265420 on October 01, 2015, 12:03:22 PM

It is all matter of time once the many merchants begin to accept trade in Bitcoin physically not only online all doubt will be cleared.One thing is sure bitcoin will be much more valuable than now in future.

for that to happen there has to be much more trust from the merchants in bitcoin. accepting bitcoins online is easy. buying a tv worth $1000 in a store with bitcoin is a different story. they will require you to wait for at least 1 confirmation, which can take quite an hour.

Indianacoin

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Quote from: Mickeyb on October 01, 2015, 04:05:58 PM

We should let people do with their bitcoins (their money) as they wish to. I don't get why force someone to spend if he doesn't want to. Let the people hoard, who cares. We should be thankful to the hoarders as well since they are at least here, in the Bitcoin ecosystem. There are millions and millions people out there that are not spenders nor hoarders. There are not even in Bitcoin. These are the people that we should be after. Them we need to pull into the Bitcoin ecosystem.

Good point Mikeyb ! Btw, we "bitcoiners" need to make those type of people aware of this ecosystem. Since its inception, many traders have emerged into this ecosystem, so we should encourage the unknowns through various campaigns & make them involved, rather than just buying and hoarding the coins! IMO, this would at least make some impact on the overall market-demand & somewhat increase its value

Mickeyb

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Move On !!!!!!

We should let people do with their bitcoins (their money) as they wish to. I don't get why force someone to spend if he doesn't want to. Let the people hoard, who cares. We should be thankful to the hoarders as well since they are at least here, in the Bitcoin ecosystem. There are millions and millions people out there that are not spenders nor hoarders. There are not even in Bitcoin. These are the people that we should be after. Them we need to pull into the Bitcoin ecosystem.

boopy265420

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It is all matter of time once the many merchants begin to accept trade in Bitcoin physically not only online all doubt will be cleared.One thing is sure bitcoin will be much more valuable than now in future.

Febo

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Quote from: Indianacoin on September 23, 2015, 06:11:46 AM

So more than 70% of bitcoiners are holding their coins and waiting for bitcoin price increase as per this thread -> https://bitcointalksearch.org/topic/are-you-holding-your-bitcoin-for-a-price-increase-1159221

But my question lies on the fact that, will the bitcoin price actually rise up in future if there is very little involvement in bitcoin-fiat exchange since most people have their mindset towards saving them in cold storage ? I mean, without much involvement, how can a cryptocurrency gain it's economical value?

Since there are threats buzzing around with Bitcoin-xt, collapsing of bitcoin network due to release of faster ASICs that are stressing 1MB blockchains and reward halving upto 12.5BTC, will the bitcoin price rise at all in future ?

This is my way of thinking into bitcoin's future and that's why I thought of asking here, so without taking my words offensive, please correct me if I'm wrong

Yes the Bitcoin price will actually rise up in future.

There are enough Bitcoin-fiat exchanges. And they have enough liquidity.

When more infrastructure will be build, people will also fell more comfortable spend Bitcoins.

BillyBobZorton

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Quote from: Indianacoin on September 23, 2015, 06:11:46 AM

So more than 70% of bitcoiners are holding their coins and waiting for bitcoin price increase as per this thread -> https://bitcointalksearch.org/topic/are-you-holding-your-bitcoin-for-a-price-increase-1159221

But my question lies on the fact that, will the bitcoin price actually rise up in future if there is very little involvement in bitcoin-fiat exchange since most people have their mindset towards saving them in cold storage ? I mean, without much involvement, how can a cryptocurrency gain it's economical value?

Since there are threats buzzing around with Bitcoin-xt, collapsing of bitcoin network due to release of faster ASICs that are stressing 1MB blockchains and reward halving upto 12.5BTC, will the bitcoin price rise at all in future ?

This is my way of thinking into bitcoin's future and that's why I thought of asking here, so without taking my words offensive, please correct me if I'm wrong

It all comes down to supply and demand. When it's all said and done if people want Bitcoin, they will buy it, there will never be a problem with lack of supply since it's as divisible as we need it to be, so the price will skyrocket, that's all.
Does Gold crash because people stop using Gold to buy groceries and just hold it instead? same thing, but with Bitcoin is even better.

Hazir

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Quote from: LiteCoinGuy on September 23, 2015, 09:58:48 AM

Quote from: Remember remember the 5th of November on September 23, 2015, 07:09:46 AM

I am holding too, but for me, I'm in a pretty bad financial situation right now, there might come a time in the very near future where I would have to sell all my bitcoins, however little I may have.

that sucks dude Undecided

hopefully you can solve your problems. personally i would rather sell my car before i sell my Coins Lips sealed

At least you have something you can sell for money. I've met many people who don't have any FIAT savings, just a little BTC.
And they are forced to sell that btc for current low price, that is not good. I think the best what we do now is to wait for the mid 2016, as I am sure halving will bring significant price increase.

Topic: What will happen ? (Read 3207 times)