Just kidding. But, kidding aside, I don't agree with your speculation. It is not a logical one nor a factual one. That is the truth. If I were you, I would buy now because the year 2018 will close with Bitcoin grabbing at least $50,000 in value and the following year end, it will more than double its price. And where did you get your facts on the claim that a 3rd of the world's energy is utilized by crypto mining? Please go back and know that it is not true. 
Topic: Will Bitcoin Fall in the next couple of years? - page 4. (Read 457 times)
Please take at least a single merit first and perhaps I will consider looking into the possibility that Bitcoin will fall in the next couple of years. Just kidding. But, kidding aside, I don't agree with your speculation. It is not a logical one nor a factual one. That is the truth. If I were you, I would buy now because the year 2018 will close with Bitcoin grabbing at least $50,000 in value and the following year end, it will more than double its price. And where did you get your facts on the claim that a 3rd of the world's energy is utilized by crypto mining? Please go back and know that it is not true.
Just kidding. But, kidding aside, I don't agree with your speculation. It is not a logical one nor a factual one. That is the truth. If I were you, I would buy now because the year 2018 will close with Bitcoin grabbing at least $50,000 in value and the following year end, it will more than double its price. And where did you get your facts on the claim that a 3rd of the world's energy is utilized by crypto mining? Please go back and know that it is not true. 
I'm curious, I have seen lots of people arguing over whether bitcoin will Rise to 50k maybe even 100k and then there are the others who argue it will fall.
I'm going to state a few facts :
Bitcoin is seen as the base of all crypto and most are compared to it on markets.
Bitcoin is unsustainable as it is. a 3rd of the world's energy is used to mine cryptocurrencies most notably bitcoin which is one of the most energy consuming.As a result, there are high transaction fees.
Now here is my opinion.
I think given these facts Unless bitcoin does not change in some form it will likely be overtaken due to the issues highlighted. This will happen as a result of the huge price which most cannot access and the unattractive nature to the rest of the world which doesn't want to invest in something so energy consuming and volatile. I think for mass adoption another coin will have o be the base to trade against like tether(which is experiencing problems) or UNY(which is rebranding) These stable coins will make crypto more attractive to many. IDK this is just my opinion and I'm welcome to counter arguments form everyone else.
My forecast of 9-12k for the whole year will hold. I do not see that spark yet to rise and beat the records further. Therefore, investing in bitcoin is no longer very relevant to me. I'm going to state a few facts :
Bitcoin is seen as the base of all crypto and most are compared to it on markets.
Bitcoin is unsustainable as it is. a 3rd of the world's energy is used to mine cryptocurrencies most notably bitcoin which is one of the most energy consuming.As a result, there are high transaction fees.
Now here is my opinion.
I think given these facts Unless bitcoin does not change in some form it will likely be overtaken due to the issues highlighted. This will happen as a result of the huge price which most cannot access and the unattractive nature to the rest of the world which doesn't want to invest in something so energy consuming and volatile. I think for mass adoption another coin will have o be the base to trade against like tether(which is experiencing problems) or UNY(which is rebranding) These stable coins will make crypto more attractive to many. IDK this is just my opinion and I'm welcome to counter arguments form everyone else.
I think for mass adoption another coin will have o be the base to trade against like tether(which is experiencing problems) or UNY(which is rebranding) These stable coins will make crypto more attractive to many.
A stable coin is all well and good for use as a currency but it still should not be pegged in price to something else. Bitcoin will never be used as an adopted currency in any country. It will be a store of value which is also usable for payments.
I'm curious, I have seen lots of people arguing over whether bitcoin will Rise to 50k maybe even 100k and then there are the others who argue it will fall.
I'm going to state a few facts :
Bitcoin is seen as the base of all crypto and most are compared to it on markets.
Bitcoin is unsustainable as it is. a 3rd of the world's energy is used to mine cryptocurrencies most notably bitcoin which is one of the most energy consuming.As a result, there are high transaction fees.
Now here is my opinion.
I think given these facts Unless bitcoin does not change in some form it will likely be overtaken due to the issues highlighted. This will happen as a result of the huge price which most cannot access and the unattractive nature to the rest of the world which doesn't want to invest in something so energy consuming and volatile. I think for mass adoption another coin will have o be the base to trade against like tether(which is experiencing problems) or UNY(which is rebranding) These stable coins will make crypto more attractive to many. IDK this is just my opinion and I'm welcome to counter arguments form everyone else.
nobody definitely can not predict the bitcoin course for several years ahead, I think this year there will be noisy falls and big ascents. I will not give any forecasts and I will just observe how the price will change! I'm going to state a few facts :
Bitcoin is seen as the base of all crypto and most are compared to it on markets.
Bitcoin is unsustainable as it is. a 3rd of the world's energy is used to mine cryptocurrencies most notably bitcoin which is one of the most energy consuming.As a result, there are high transaction fees.
Now here is my opinion.
I think given these facts Unless bitcoin does not change in some form it will likely be overtaken due to the issues highlighted. This will happen as a result of the huge price which most cannot access and the unattractive nature to the rest of the world which doesn't want to invest in something so energy consuming and volatile. I think for mass adoption another coin will have o be the base to trade against like tether(which is experiencing problems) or UNY(which is rebranding) These stable coins will make crypto more attractive to many. IDK this is just my opinion and I'm welcome to counter arguments form everyone else.
The team behind bitcoin are professionals in handle most of the limitations that has come up so far and I will the problems measure are very resolvable. Bitcoin price is not going to come down and we just need to know that in future the price is going to be going up and we should buy now to take the advantage of future.
I think its unlikely Bitcoin is overtaken for the next few years. It still has a large number of developers working on it attempting to solve the issues that it faces. Cryptocurrency wise its still the best long-term hold.
I also believe that certain things are overblown. It does use a lot of electricity, but much of it comes from places where there is excess electricity and so the cost is cheap. I think I read somewhere it would cost around $25,000 in electricity costs to mine a Bitcoin in South Korea but it only costs about $700 in electricity to mine one in Venezuela. I think as there is more people over time that start using SegWit, and as big exchanges start using it for their own transactions, the transaction fee will lower. As of right now though its pretty low too.
I also believe that certain things are overblown. It does use a lot of electricity, but much of it comes from places where there is excess electricity and so the cost is cheap. I think I read somewhere it would cost around $25,000 in electricity costs to mine a Bitcoin in South Korea but it only costs about $700 in electricity to mine one in Venezuela. I think as there is more people over time that start using SegWit, and as big exchanges start using it for their own transactions, the transaction fee will lower. As of right now though its pretty low too.
As long as it is still the main gateway to Crypto space, I expect the value to keep growing, out of all these coins and tokens BTC is still the only one so far that people are using to deliver one service or the other, most are just for speculative purpose, I expect the price to keep growing especially with the coming of halving in coming months
I'm thinking that it can drop 9k maybe, but I don't expect 7k or 8k again, 9-10-11k it can rise and drop at this prices for a while, and if this happens, altcoins can rise little little.
I'm curious, I have seen lots of people arguing over whether bitcoin will Rise to 50k maybe even 100k and then there are the others who argue it will fall.
I'm going to state a few facts :
Bitcoin is seen as the base of all crypto and most are compared to it on markets.
Bitcoin is unsustainable as it is. a 3rd of the world's energy is used to mine cryptocurrencies most notably bitcoin which is one of the most energy consuming.As a result, there are high transaction fees.
Now here is my opinion.
I think given these facts Unless bitcoin does not change in some form it will likely be overtaken due to the issues highlighted. This will happen as a result of the huge price which most cannot access and the unattractive nature to the rest of the world which doesn't want to invest in something so energy consuming and volatile. I think for mass adoption another coin will have o be the base to trade against like tether(which is experiencing problems) or UNY(which is rebranding) These stable coins will make crypto more attractive to many. IDK this is just my opinion and I'm welcome to counter arguments form everyone else.
I'm going to state a few facts :
Bitcoin is seen as the base of all crypto and most are compared to it on markets.
Bitcoin is unsustainable as it is. a 3rd of the world's energy is used to mine cryptocurrencies most notably bitcoin which is one of the most energy consuming.As a result, there are high transaction fees.
Now here is my opinion.
I think given these facts Unless bitcoin does not change in some form it will likely be overtaken due to the issues highlighted. This will happen as a result of the huge price which most cannot access and the unattractive nature to the rest of the world which doesn't want to invest in something so energy consuming and volatile. I think for mass adoption another coin will have o be the base to trade against like tether(which is experiencing problems) or UNY(which is rebranding) These stable coins will make crypto more attractive to many. IDK this is just my opinion and I'm welcome to counter arguments form everyone else.
I believe the main reason why Bitcoin is the No.1 in among the cryptos by market cap, is that it is the oldest.
You can trade everything into BTC, but I feel the reason behind that it was the all time standard that you compared everything to, the most popular coin. Anything could replace BTC in this matter I believe.
Bitcoin surely is unsustainable, and if they won't change something about it, it might be its downfall. Noone wants to have high fees. However I doubt that the 3rd of the world's energy usage would be used for crypto mining, I say this having 3+ years in energy engineering studies.
But I dont think bitcoin will fall because of this, as bitcoin owners simply dont use their coins for transactions.
Number of ETH transactions as of February 17. 2018: 772079
Number of BTC transactions as of February 17. 2018: 173789
(sources: https://etherscan.io/chart/tx , https://blockchain.info/charts/n-transactions )
I think its clear, that majority of bitcoin owners use BTC as a form of digital gold to hold part of their investments in it, or using it for exchanges. So no, I dont think this would be its downfall, but it can play a role in it. The downfall of BTC would start if a coin would have bigger market cap in my opinion. It would result investments moving from BTC to that coin with the higher market cap. And lets be honest, almost any coin could be it from a technical perspective, as there are loads of coins which are superior to BTC in technical aspects.
I honestly dont like that the crypto market is being judged by bitcoin. I'd welcome another coin at the top, for total market cap. I believe it would change the viewpont of some big investors.
I'm curious, I have seen lots of people arguing over whether bitcoin will Rise to 50k maybe even 100k and then there are the others who argue it will fall.
I'm going to state a few facts :
Bitcoin is seen as the base of all crypto and most are compared to it on markets.
Bitcoin is unsustainable as it is. a 3rd of the world's energy is used to mine cryptocurrencies most notably bitcoin which is one of the most energy consuming.As a result, there are high transaction fees.
Now here is my opinion.
I think given these facts Unless bitcoin does not change in some form it will likely be overtaken due to the issues highlighted. This will happen as a result of the huge price which most cannot access and the unattractive nature to the rest of the world which doesn't want to invest in something so energy consuming and volatile. I think for mass adoption another coin will have o be the base to trade against like tether(which is experiencing problems) or UNY(which is rebranding) These stable coins will make crypto more attractive to many. IDK this is just my opinion and I'm welcome to counter arguments form everyone else.
I'm going to state a few facts :
Bitcoin is seen as the base of all crypto and most are compared to it on markets.
Bitcoin is unsustainable as it is. a 3rd of the world's energy is used to mine cryptocurrencies most notably bitcoin which is one of the most energy consuming.As a result, there are high transaction fees.
Now here is my opinion.
I think given these facts Unless bitcoin does not change in some form it will likely be overtaken due to the issues highlighted. This will happen as a result of the huge price which most cannot access and the unattractive nature to the rest of the world which doesn't want to invest in something so energy consuming and volatile. I think for mass adoption another coin will have o be the base to trade against like tether(which is experiencing problems) or UNY(which is rebranding) These stable coins will make crypto more attractive to many. IDK this is just my opinion and I'm welcome to counter arguments form everyone else.
I believe the main reason why Bitcoin is the No.1 in among the cryptos by market cap, is that it is the oldest.
You can trade everything into BTC, but I feel the reason behind that it was the all time standard that you compared everything to, the most popular coin. Anything could replace BTC in this matter I believe.
Bitcoin surely is unsustainable, and if they won't change something about it, it might be its downfall. Noone wants to have high fees. However I doubt that the 3rd of the world's energy usage would be used for crypto mining, I say this having 3+ years in energy engineering studies.
But I dont think bitcoin will fall because of this, as bitcoin owners simply dont use their coins for transactions.
Number of ETH transactions as of February 17. 2018: 772079
Number of BTC transactions as of February 17. 2018: 173789
(sources: https://etherscan.io/chart/tx , https://blockchain.info/charts/n-transactions )
I think its clear, that majority of bitcoin owners use BTC as a form of digital gold to hold part of their investments in it, or using it for exchanges. So no, I dont think this would be its downfall, but it can play a role in it. The downfall of BTC would start if a coin would have bigger market cap in my opinion. It would result investments moving from BTC to that coin with the higher market cap. And lets be honest, almost any coin could be it from a technical perspective, as there are loads of coins which are superior to BTC in technical aspects.
I honestly dont like that the crypto market is being judged by bitcoin. I'd welcome another coin at the top, for total market cap. I believe it would change the viewpont of some big investors.
I'm curious, I have seen lots of people arguing over whether bitcoin will Rise to 50k maybe even 100k and then there are the others who argue it will fall.
I'm going to state a few facts :
Bitcoin is seen as the base of all crypto and most are compared to it on markets.
Bitcoin is unsustainable as it is. a 3rd of the world's energy is used to mine cryptocurrencies most notably bitcoin which is one of the most energy consuming.As a result, there are high transaction fees.
Now here is my opinion.
I think given these facts Unless bitcoin does not change in some form it will likely be overtaken due to the issues highlighted. This will happen as a result of the huge price which most cannot access and the unattractive nature to the rest of the world which doesn't want to invest in something so energy consuming and volatile. I think for mass adoption another coin will have o be the base to trade against like tether(which is experiencing problems) or UNY(which is rebranding) These stable coins will make crypto more attractive to many. IDK this is just my opinion and I'm welcome to counter arguments form everyone else.
EDIT: The question is not whether bitcoin drop in terms of current value-The price will remain the same or rise because the whole market will. The question is Will bitcoin fall from the top spot as the most popular currency given that newer faster forms are being developed and if not what do you think will happen?
I'm going to state a few facts :
Bitcoin is seen as the base of all crypto and most are compared to it on markets.
Bitcoin is unsustainable as it is. a 3rd of the world's energy is used to mine cryptocurrencies most notably bitcoin which is one of the most energy consuming.As a result, there are high transaction fees.
Now here is my opinion.
I think given these facts Unless bitcoin does not change in some form it will likely be overtaken due to the issues highlighted. This will happen as a result of the huge price which most cannot access and the unattractive nature to the rest of the world which doesn't want to invest in something so energy consuming and volatile. I think for mass adoption another coin will have o be the base to trade against like tether(which is experiencing problems) or UNY(which is rebranding) These stable coins will make crypto more attractive to many. IDK this is just my opinion and I'm welcome to counter arguments form everyone else.
EDIT: The question is not whether bitcoin drop in terms of current value-The price will remain the same or rise because the whole market will. The question is Will bitcoin fall from the top spot as the most popular currency given that newer faster forms are being developed and if not what do you think will happen?
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