Where will Bitcoin be on 9/4/2018?

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2 votes (22.22%)
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3 votes (33.33%)

9 members have voted

October 30th, 2017 at 5:22:11 AM permalink
Martin
Member since: Oct 30, 2017
Threads: 0
Posts: 5
Will the bitcoin ever fall? How can bitcoin ensure a balance of money? I want to put money in Bitcoin and began studying the investment - https://bitcoinbestbuy.com/ . Can someone advise me something on the semblance of this article?
October 30th, 2017 at 6:45:34 AM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 807
Posts: 9715
Quote: Martin
Can someone advise me something on the semblance of this article?


Probably not me. I had a fraction of a BTC (1/4 or 1/3) in June 2014 which I spent because I didn't think it would return to $1000. At the time it was worth about $600. Now it is worth over $6000.
October 30th, 2017 at 8:06:56 AM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 106
Posts: 7862
Quote: Martin
Will the bitcoin ever fall? How can bitcoin ensure a balance of money? I want to put money in Bitcoin and began studying the investment - https://bitcoinbestbuy.com/ . Can someone advise me something on the semblance of this article?


I can get you $10 worth free if you invest $50 in it. PM me if you want the link.
The man who damns money has obtained it dishonorably; the man who respects it has earned it
November 11th, 2017 at 10:58:41 AM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 807
Posts: 9715
Peaked at $7776.42 on 8 November 2017. Only $23.56 from my guess for next year.

Billions of USD (as of 31 December 2016) All banknotes and coins using exchange rate on that date
$1,509 United States
$1,218 Euro area
$??? China (unknown but near Japan)
$916 Japan
$210 Crypto coin Market Cap: 8 November 2017
$196 India
$145 Russia
$130 BITCOIN 8 November 2017
$94 United Kingdom
$80 Korea
$80 Switzerland (population 8.37 million)
$71 Brazil
$69 Mexico
$64 Canada
$58 Australia
$54 Hong Kong SAR
$53 Saudi Arabia
$35 Turkey

Last three days have been sad for BTC.
November 11th, 2017 at 9:46:32 PM permalink
Wizard
Administrator
Member since: Oct 23, 2012
Threads: 198
Posts: 4363
Quote: Pacomartin
Last three days have been sad for BTC.


Down 24% in the last five days but swings of that size are not unusual for Bitcoin. Just gains made since late October given back. This is probably just another correction but could be the big pop, which I think is less than a year away.
Knowledge is Good -- Emil Faber
November 12th, 2017 at 6:46:16 AM permalink
Fleastiff
Member since: Oct 27, 2012
Threads: 54
Posts: 5885
Someone over at /. calculated that it takes 43 years worth of one home's electricity to mine and utilize one bitcoin but heck, if you buy low and sell high what do you care if its Tulip Bulbs? Its just when you buy high and then turn around to find out there is no "greater fool" behind you who wants those foolish bit coins that you are in trouble.
November 12th, 2017 at 8:08:11 AM permalink
Wizard
Administrator
Member since: Oct 23, 2012
Threads: 198
Posts: 4363
Quote: Fleastiff
Someone over at /. calculated that it takes 43 years worth of one home's electricity to mine and utilize one bitcoin ...


That is another reason I don't think Bitcoin will last. Something better will come along that isn't so expensive to maintain.
Knowledge is Good -- Emil Faber
November 12th, 2017 at 9:10:13 AM permalink
Fleastiff
Member since: Oct 27, 2012
Threads: 54
Posts: 5885
Quote: Wizard
Something better will come along
But will it be accepted? The Dvorak keyboard is better than the Qwerty keyboard, but . . . .
November 12th, 2017 at 9:10:14 AM permalink
Fleastiff
Member since: Oct 27, 2012
Threads: 54
Posts: 5885
The main problem with bitcoins of various sorts is gyration of prices. Despite an upward trend and obvious scarcity on the horizon, no one wants to invest one day and see a headline making drop in prices the very next day.

Longterm might be fine but people feel more comfortable if their investments don't bounce around too much.
November 12th, 2017 at 10:00:37 AM permalink
Wizard
Administrator
Member since: Oct 23, 2012
Threads: 198
Posts: 4363
Quote: Fleastiff
But will it be accepted? The Dvorak keyboard is better than the Qwerty keyboard, but . . . .


Long term, I think some country or company with a name will back a Crypto Currency and Bitcoin will become a memory.

According to the article An environmental researcher modeled pessimistic and optimistic scenarios for Bitcoin’s energy consumption over the next few years, the power required to process one Bitcoin transaction equals the energy consumed by 1.6 American households for a day.
Knowledge is Good -- Emil Faber