Bitcoin headed to $100,000??
Today I take a look at the absolutely wild year we've had in Bitcoin, and chat about the outlooks of a few individuals regarding where we could be headed next.
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We will see if Bitcoin will be the one or Bitcoin Cash
bitcoin man, bitcoin. by the way , how do you mine bitcash??? seriously
I still haven't found a decent exchange to trade Bitcoin Cash. Why trust a fork you can't really do much with. Bitcoin is more widely accepted.
Maybe you meant buy instead of trade, but if you indeed meant trade, Bittrex (among others) is a very decent exchange. BTC has the Bitcoin name and therefore the momentum for itself, but many bells have been ringing for a long time now (technically). With that being said, Cash also is far from perfect.
Hi ,
Nice work sir
When lightning network and schnorr signatures come online (LN should be out before 2019 is done) the scaling issue for bitcoin will be largely solved with maybe some tweaking for micro/nano transactions for streaming money applications. Then the rest of the unbanked world will have the same advantages as the rest of the banked world.
I think the parabolic curve needs to take into account the negative effect that bitcoin/crypto has on being an equity drain exit from the system. John McAfee may indeed be right in stating $500K+ / btc. At that point, when various crypto also become a stable store of value and reasonable medium of exchange, values will be posted in bitcoin rather than dollars because the value of the dollar will no longer be stable (hyper inflation).
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I thought 100k was ridiculous but when I looked at Netscape it's reasonable
Is dec 10th the Netscape moment? Btc $70k? — Steemit https://steemit.com/bitcoin/@ender/is-dec-10th-the-netscape-moment
Eventually it will need to go up, because otherwise the miners can't sustain themselves.
It will be interesting, to see if it holds up or if history repeats itself.. It tends to do that... I have my doubts that BTC as we know it will be the dominant currency of the future. So much infighting and to be quite honest its slow, expensive and useless as a payment method for everyday things.. It should and may in whatever form it takes (Bitcoin Cash, Gold, Diamond, 2x, ) be happy to be a store of value and medium of trade between other cryptos
Thanks for this highly informative video- I got a huge huge pleasure having seen it all.
But even I was not saying loud short 4-5 month ago, that 10K is comin this year.
I️ am interested in seeing what 2018 has to offer.
Somebody asked me just a couple of days ago where i thought it was heading...
my answer, which suprised even me, was $50k AUD by mid 2018.
My only concern in the short term is all this crap with BCH, and also the legitimate issues with transaction times and fees - this needs to be sorted as new entrants will be turned away/turned off. it also means BTC can't really be used as a transactional currency.
I think it's absolutely possible even without making an appeal to bearish speculative phenomena driving the price up artificially. If one can consider that blockchain technologies might replace currently deployed commerce systems then one can approximate their overall value (compared to world GDP) and even though it seems extraordinary-- Taking the total number of possible bitcoins as a index variable, it's possible that BitCoins could normalize at 80,000-70,000$+ but that's if we're real optimistic about the whole thing.
I think a buy and hold strategy is appropriate here. Decentralized tech is just in its infancy. Let's see what the next 5-10 years hold!
It's like owning stock in Wal-Mart in the 70's. The value isn't in the overall success of the stores or the real assets of the company-- It's in the companies retail and distribution model. It's the same with cryptocurrencies. Their value at exchange is probably mostly speculative but their real value is in the technology itself. There's a lot of ways of fathoming the whole thing though.