Bitcoin future?

AmDiab posted:

AniLorak posted:

TheGreatRecycler posted:
BTC will reach $20k again next year I am sure of it. We have had years of uncertainty and now is the time for crypto to shine 2020's will be the start of the crypto dominance

Till now we are in bear market; no bullish movements till now! Really frustrating!

We are very near of BitCoin Halving; so I am expecting bullish moves here! Maybe from the Feb-20, we’ll have impulsive moves from the buy side!

I think we already have some. 😉

When is the halving happening?

Well, bitcoin has future, but it is not that good as it is used to think. I remember times when it was 25k fo 1 bitcoin and everyone though that it will cost 100k in few months, but what did we see? It fell in 10 times. I decided not to sell it and wait what would happen soon. I still have good amount of money on my bitcoin wallet, but I can't enter it now. I will recover password with https://gpu-hash.com/ when price will be nice.

Guys,

One fundamental indicator is price...and what does price indicate ? Price indicates just that...price - aka - the price you pay for something; but in the markets it is also an indicator of the VALUE of something (actually, not just in the markets).

So BTC at 20k lets say... WHY is 1 BTC worth 20k ??? Why would it bee 100k or 500k like McAfee said it was going to hit ???

The thing is, value is what the market goes by, and market makers go by it too...price fluctuates a bit up and down but it comes down to value.

I personally see BTC at 18-20$ per value. And that is about where it's real value is.

Other than that...as far as the next 2 years go... I expect a discount to about 1300$. No real reason just where I see it heading...buyers are constantly buying the price up, but the reality is sellers are not giving a and simply pushing it lower.

And one more thing...

in my opinion the only thing that 'rally' to 20k is supposed to do - and it does it well - is to remind you - - of itselt...

It means, that rally is supposed to remind you of the rally - aka - attract buyers...all who will be dissapointed when price starts to match actual value

ReMOT3KonTRoLLiO posted:
Guys,

One fundamental indicator is price...and what does price indicate ? Price indicates just that...price - aka - the price you pay for something; but in the markets it is also an indicator of the VALUE of something (actually, not just in the markets).

So BTC at 20k lets say... WHY is 1 BTC worth 20k ??? Why would it bee 100k or 500k like McAfee said it was going to hit ???

The thing is, value is what the market goes by, and market makers go by it too...price fluctuates a bit up and down but it comes down to value.

I personally see BTC at 18-20$ per value. And that is about where it's real value is.

Other than that...as far as the next 2 years go... I expect a discount to about 1300$. No real reason just where I see it heading...buyers are constantly buying the price up, but the reality is sellers are not giving a and simply pushing it lower.

$18-20 per BTC? fall to $1300? C`mon let`s talk seriously ok?

Sagarmatha posted:
When is the halving happening?

May 2020 (this year).

I believe that Bitcoin is going to have first mover advantage in the crypto world for long time. This could lead to rise in price of Bitcoin and it can only be considered as a digital gold for storing value. But as far as becoming a mainstream currency, I think Bitcoin is going to fail big time.

Reasons why bitcoin will fail as mainstream currency:

Consider most of use cases where you need to use currency in daily life. For example, you are going to coffee shop to have a cup of coffee and now you want to pay using bitcoin. The very first problem is transaction fee. To pay for a cup of coffee, you need to pay a transaction fee that can be much more than the cost of coffee itself. Other limitation will be transaction time. No one would like to wait to check if the transaction was confirmed or not, and with time the transaction speeds will get slower.

Current Alternative

All blockchain based solutions will be having these limitations for long term. So what can be the alternative for this? Currently, the only cryptocurrency working for the solutions of above problems is IOTA. It is designed to target instant micro payments with zero fee. It is currently in its beta and gaining huge traction as an open source project. It is based on TANGLE which is not a blockchain but based on DAG (Directed Acyclic Graphs) for transactions.

So, though Bitcoin keeps on gaining popularity (as the new investor doesn’t know about use cases and follow the hype), the adoption of bitcoin as mainstream currency will not be possible and the simple reason behind this will be huge transaction fee and time.


Regards,
Adrian

Bitcoin is the 'gold' of crypto currencies and just like real gold it has not real physical purpose and is just used to store wealth. Bitcoin is likely to survive for a while and appreciate but if there are any market jitters that cause another collapse in the price I think it will be over for Bitcoin as everyone will realize it is empty

birthtamper posted:
Bitcoin is the 'gold' of crypto currencies and just like real gold it has not real physical purpose and is just used to store wealth. Bitcoin is likely to survive for a while and appreciate but if there are any market jitters that cause another collapse in the price I think it will be over for Bitcoin as everyone will realize it is empty

Well said & I agree with you! We are too early in BTC, in this decade there scenario will be totally different!

The future of BTC is too unknown right now. It is impossible to predict. It is feasible that it could reach over $20k again but it is also feasible that it will be band or confidence will be lost resulting in $0. Anyone who predicts correctly is just lucky

AdrianG001 posted:
I believe that Bitcoin is going to have first mover advantage in the crypto world for long time. This could lead to rise in price of Bitcoin and it can only be considered as a digital gold for storing value. But as far as becoming a mainstream currency, I think Bitcoin is going to fail big time.

Reasons why bitcoin will fail as mainstream currency:

Consider most of use cases where you need to use currency in daily life. For example, you are going to coffee shop to have a cup of coffee and now you want to pay using bitcoin. The very first problem is transaction fee. To pay for a cup of coffee, you need to pay a transaction fee that can be much more than the cost of coffee itself. Other limitation will be transaction time. No one would like to wait to check if the transaction was confirmed or not, and with time the transaction speeds will get slower.

Current Alternative

All blockchain based solutions will be having these limitations for long term. So what can be the alternative for this? Currently, the only cryptocurrency working for the solutions of above problems is IOTA. It is designed to target instant micro payments with zero fee. It is currently in its beta and gaining huge traction as an open source project. It is based on TANGLE which is not a blockchain but based on DAG (Directed Acyclic Graphs) for transactions.

So, though Bitcoin keeps on gaining popularity (as the new investor doesn’t know about use cases and follow the hype), the adoption of bitcoin as mainstream currency will not be possible and the simple reason behind this will be huge transaction fee and time.


Regards,
Adrian

Firstly got to thank you for the professional opinion. Secondly the BTC is already a digital gold and it`s considered as a safe haven.
With this qualities BTC don`t need to become a mainstream currency also like Gold don`t need it. If it some kind need this the only problem will may be the confirmation need. After all i`ve heard for a couple of million transaction last year which cost pennies to be done so the pluses are more than minuses.

Adribaasmet posted:

birthtamper posted:
Bitcoin is the 'gold' of crypto currencies and just like real gold it has not real physical purpose and is just used to store wealth. Bitcoin is likely to survive for a while and appreciate but if there are any market jitters that cause another collapse in the price I think it will be over for Bitcoin as everyone will realize it is empty

Well said & I agree with you! We are too early in BTC, in this decade there scenario will be totally different!

Well said? Nothing personal but i don`t think so. What will be the scenario this decade?

cravenprofession posted:
... resulting in $0...

Really think so...?😁

Bitcoin, I think, will sooner or later be reset to zero. I think that this will happen no earlier than 2033.

Elias64453 posted:
Bitcoin, I think, will sooner or later be reset to zero. I think that this will happen no earlier than 2033.

Bitcoin lasts a long time. This is the first cryptocurrency, and it has the trust of people.

Elias64453 posted:
Bitcoin, I think, will sooner or later be reset to zero. I think that this will happen no earlier than 2033.

Any real and specific arguments for this statement?

Elias64453 posted:
Bitcoin, I think, will sooner or later be reset to zero. I think that this will happen no earlier than 2033.

No chance.

jamesgwyther posted:

Elias64453 posted:
Bitcoin, I think, will sooner or later be reset to zero. I think that this will happen no earlier than 2033.

No chance.

Of course mate but wanted to hear his arguments.😉