The future of Crypto

AmDiab posted:

togr posted:
So BTC vs USD is going nowhere far from $10,000
What is your short/long term prediction
Mine short - hanging around 10,000, long - jump to like $40,000

40K would be really great! The future is really bright; but what’s the duration (for 40K)?

I suppose about a year, it is hard to predict as BTC is able to jump 50% in 5 days

What makes you think $40,000 is a potential target? is that based on some kind of cost to mine data?

flashoutline posted:
What makes you think $40,000 is a potential target? is that based on some kind of cost to mine data?

You are welcome to post your estimation if you think to sdo it bvetter.

flashoutline posted:
What makes you think $40,000 is a potential target? is that based on some kind of cost to mine data?

Maybe Bitcoin fomo; but no doubt after the upcoming Bitcoin Halving; the price will be crazy as like 2017!

I think it should have much more growing cryptocurrencies and diversed a lot cause not everyone have some money to invest here in all that no matter what. Do you really see that all happen or not ? You need to invest in that and test, test, test.

AmDiab posted:

flashoutline posted:
What makes you think $40,000 is a potential target? is that based on some kind of cost to mine data?

Maybe Bitcoin fomo; but no doubt after the upcoming Bitcoin Halving; the price will be crazy as like 2017!

Yeah there are more attributes which should contrinbute to price raise.

The hype is rising; maybe it’s a good sign. I see; nowadays almost all of the financial magazines are active on covering the crypto news and update!

AmDiab posted:
The hype is rising; maybe it’s a good sign. I see; nowadays almost all of the financial magazines are active on covering the crypto news and update!

Correct! If you see price; maybe you’ll be panic! But if you really understand the value of blockchain; then the reflection will be different!

AniLorak posted:

AmDiab posted:
The hype is rising; maybe it’s a good sign. I see; nowadays almost all of the financial magazines are active on covering the crypto news and update!

Correct! If you see price; maybe you’ll be panic! But if you really understand the value of blockchain; then the reflection will be different!

It might be good to buy low - below 10,000

togr posted:

AniLorak posted:

AmDiab posted:
The hype is rising; maybe it’s a good sign. I see; nowadays almost all of the financial magazines are active on covering the crypto news and update!

Correct! If you see price; maybe you’ll be panic! But if you really understand the value of blockchain; then the reflection will be different!

It might be good to buy low - below 10,000

Now it’s around 8K; I see the recent bearish move was so sharp!

I was lucky enough to jump out just before the bubble burst in 2017, was a good Christmas :) thought we were doing the same this year but it’s seemed to have died down. If the halving pushes it and the hype starts again I could see it doing the same. This all kicked off again when we saw someone buy like 100milion dollars worth of bitcoin, Mad to see such volatility. In short I can see it moving to 20k next year but eyeing the drop this time :)

I am not in crypto but I expect it has a future. I am interested to get in but my worry is which crypto is the best long term bet.

Standard bitcoin is the most popular but its functionality is pretty basic compared to the newer faster crypto. I gut tells me that the future of crypto is bright but that bitcoin will decline. Maybe I am wrong. What are peoples thoughts on which crypto has best chance of a good (and high value) future

Next year might be very important for crypto. Even though today's rate of BTCUSD is very low I expect massive grow during next year.
Do you know that guy McAffee? He predicted BTC USD will be 500,000 USD next year.
Later on he changed the prediction to 1,000,000 USD. I doubt that will happen but for me even 100,000 would be a miracle.

The future of block chain technology is really bright; in addition I am very much optimistic on the future of the crypto industry!

This suggests that BTC continues to be of interest and used / speculated. Some people think that Bitcoin will never reach heights, but next year it will surely grow.

Bernfeld posted:
This suggests that BTC continues to be of interest and used / speculated. Some people think that Bitcoin will never reach heights, but next year it will surely grow.

There are many ways to use crypto. I believe it will be adapted to daily common use and gain a lot of value.
It actually gain a lot of value as I recall BTC being worth $200 and it is $7,000 today. Which 35x more.
Imagine another jump from 7,000 x 35 = $245,000 :)

Once a new technology like crypto has been developed it cannot be taken back. It is out there. Crypto is here to stay. Whether it remains a minority player or dominates the currency markets time will tell but I can only see upside for crypto.

swaggering posted:
Once a new technology like crypto has been developed it cannot be taken back. It is out there. Crypto is here to stay. Whether it remains a minority player or dominates the currency markets time will tell but I can only see upside for crypto.

I think so; this sector is so promising & I see, day by day the popularity of crypto has been increasing very rapidly!

Marraby posted:
Crypto will become more important in future. I mean not in term of alternative currency as it's now, but as state currency. But that won't be bitcoin, as there will be currencies of other generation. It's expected that bitcoin will take some niche, but 2017 will never repeat.

China is trying to completelly control life of its citizens
So they have system which monitor everything you are doing and give you points based on that.
So if you dont say what they like you cant get work, get to school, get car...

As a next step they will cancel paper money and force everybody to use their cryptocurrency.