The future of Crypto

That assumes that BTC continues to be of interest and used / speculated. There are limited number of stocks in General Motors but that does not mean that the price will always rise. If no one has faith in the underlying asset (which is just usage for BTC), then the price will fall - potentially to zero

Will head up if the china ban happens.

Yijun posted:
That assumes that BTC continues to be of interest and used / speculated. There are limited number of stocks in General Motors but that does not mean that the price will always rise. If no one has faith in the underlying asset (which is just usage for BTC), then the price will fall - potentially to zero

Well the usage of BTC and altcoins is growing every dat so there is a good base for price increase in future.

Teejy88 posted:
Will head up if the china ban happens.

Is China looking to ban crypto mining? If so, do you have a reliable source that says this may happen

Korich posted:

Teejy88 posted:
Will head up if the china ban happens.

Is China looking to ban crypto mining? If so, do you have a reliable source that says this may happen

yes china is pondering this ban to prevent :wasting of energy:

Wow that could be huge problem for crypto (I assume). I assume that would cause price to fall? or am I over simplifying it

Saif59 posted:
Wow that could be huge problem for crypto (I assume). I assume that would cause price to fall? or am I over simplifying it

Not necesarilly.
If China prohibit mining then there will be less BTC generated and price should go up.

togr posted:

Saif59 posted:
Wow that could be huge problem for crypto (I assume). I assume that would cause price to fall? or am I over simplifying it

Not necesarilly.
If China prohibit mining then there will be less BTC generated and price should go up.

Yes, that’s the assumption. But till now, we need to wait for last conformation on mining news from China.

fundamentals are there for BTC, another bubble incoming..

CRPA9 posted:
fundamentals are there for BTC, another bubble incoming..

What fundamental news inspired you to mention BTC buddle? I am curious to know.

do you know McAfee pronounced that BTC will be $1,000,000 in 2020
otherwise he eats his own penis :)
https://www.reddit.com/r/Bitcoin/comments/8ca0ds/john_mcafee_confirms_he_stands_by_his_million/

togr posted:
do you know McAfee pronounced that BTC will be $1,000,000 in 2020
otherwise he eats his own penis :)
https://www.reddit.com/r/Bitcoin/comments/8ca0ds/john_mcafee_confirms_he_stands_by_his_million/

Interesting; but not sure on the prediction; because right now the price is around 5K only.

togr posted:
do you know McAfee pronounced that BTC will be $1,000,000 in 2020
otherwise he eats his own penis :)
https://www.reddit.com/r/Bitcoin/comments/8ca0ds/john_mcafee_confirms_he_stands_by_his_million/

Whatever, it is; 1000000 it really too much! Besides, there have so many predictions from different sources.

AmDiab posted:

togr posted:
do you know McAfee pronounced that BTC will be $1,000,000 in 2020
otherwise he eats his own penis :)
https://www.reddit.com/r/Bitcoin/comments/8ca0ds/john_mcafee_confirms_he_stands_by_his_million/

Whatever, it is; 1000000 it really too much! Besides, there have so many predictions from different sources.

When you are talking about BTC price; there is nothing like too much; I am very much optimistic.

Anyone can predict what they want, that's all it is, a prediction. The truth is that nobody knows if the price will be $1,000,000 or $1. What I've found over the last couple of years is whatever the masses predict, the opposite usually happens.

Bitcoin will never reach the heights some people think, but it will definitely go up in the next year.

Teejy88 posted:
Bitcoin will never reach the heights some people think, but it will definitely go up in the next year.

So, according to you; which higher level it’ll touch? Around 20K as like 2017?

AmDiab posted:

Teejy88 posted:
Bitcoin will never reach the heights some people think, but it will definitely go up in the next year.

So, according to you; which higher level it’ll touch? Around 20K as like 2017?

Hi Am; no one knows the real figure actually! It’s all about prediction!

Adribaasmet posted:

AmDiab posted:

Teejy88 posted:
Bitcoin will never reach the heights some people think, but it will definitely go up in the next year.

So, according to you; which higher level it’ll touch? Around 20K as like 2017?

Hi Am; no one knows the real figure actually! It’s all about prediction!

Yes it is! And, I believe we shouldn’t take serious those predications; since there is no guarantee at all.