Bitcoin apparently going to hit $4800 then drop back down

i never invested in bitcoin...even thought my sisters man told me WHILLEEE back to do it... i said naahhh dont belive in that...look now...

im late to the train lol

honestIM said:

I am watching BTC at the moment and looking to buy at around $2.5k. There should be some profit taking that causes price correction at some stage. At the current price, I do not see demand pushing the prices any higher unless price correction occurs. So I do have to agree up to certain extend with the article shared.

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Yeah because btc is going to randomly fall from 4305 to 2500?

Segwit is activating in less than 6 days, people. I'm pretty sure that's going to boost the price. Before activation I'm going to convert everything to btc then reconvert before the "correction"

Experts are quoting 7k, which is entirely possible.

zwyxeeel said:

i never invested in bitcoin...even thought my sisters man told me WHILLEEE back to do it... i said naahhh dont belive in that...look now...

im late to the train lol

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I wish I knew bitcoin existed in 2009. I mean for $100, which I could've made up by working 1 day mowing lawns, Walmart, subway, uber, etc. I could be a zillionaire right now.

The next time some loser on the internet tells you to buy something for $100 that you get to keep and will become huge 10 years from now -- listen and do it. Just saying.

kontentguy said:

there seems to be a news story every week with the same exact headline: "hackers steal $25 million in bitcoin"

isnt it just a matter of time before investors realize the following:
1) bitcoin isnt safe from theft
2) not enough major retailers even accept bitcoin

...and then there will be an epic crash?

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Honestly, I have been asking myself the same questions about bitcoin. From my experience, it is a pain in the ass to store and keep safe, it has no real tangible origin, and it is not really useful to buying the daily or even monthly necessities of life.

Bitcoin is more of an enigma than anything else. It seems to be a bubble that is just itching to burst! I have always felt that it is too much technical trouble and hassle just to own and keep them safe. Whereas owning paper money, gold, silver, etc, is much easier and less worrisome!

Some things to think about bitcoin:

• Where does its true value come from?
• How do you truly keep it secure and still conveniently use it? (or is that desire a contradiction?)
• Who really fully understands it's whole design and utility?
• How can the "average" person use it?
• How does it come into being and exist? And where?
• How can it ever be utilized in the mainstream market?

All of those questions, and more, are important to the eventual end-user. Right now it is a fun and volatile investment opportunity, where day trading, speculation, and holders could potentially make a large profit. But once the bubble bursts, then what? What can a high-tech and confusing monetary system really do in the future for the average consumer? And if it can never be brought to the mainstream effectively, how can it last as a "currency"?

davids355 said:

100% exactly my thoughts!! Like I said, I will be quite happy if it plummets back down because I will buy more for sure. I also think that digital currency is the future, its going to be huge even if there is lots of skepticism right now. And I don't think it really matters whether bitcoin is the best one, or whether it has flaws, it was here first and its taken hold and its here to stay - just like Blueray, Just like VHS, just like Microsoft.

I agree with you up is the only way, regardless of how the price fluctuates in the short term.

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And I agree with every single word you said. Digital currency is definitely the biggest upcoming thing. It looks like the internet in its beginning. I believe it's the future of the money once the governments have a way to tax and monitor it. If they can't, it will stay here, they will try to fight it, but it will like torrent and every other digital thing. The more you fight it, the more popular it will become

KHer0 said:

And I agree with every single word you said. Digital currency is definitely the biggest upcoming thing. It looks like the internet in its beginning. I believe it's the future of the money once the governments have a way to tax and monitor it. If they can't, it will stay here, they will try to fight it, but it will like torrent and every other digital thing. The more you fight it, the more popular it will become

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Yes, did you see that video on YouTube of people discussing the internet when it was in its infancy? It sounded so pointless and nobody understood it, but now it's the foundation of almost every emerging technology. Bitcoin is similar in its importance I think.

davids355 said:

Yes, did you see that video on YouTube of people discussing the internet when it was in its infancy? It sounded so pointless and nobody understood it, but now it's the foundation of almost every emerging technology. Bitcoin is similar in its importance I think.

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Blockchain tech is the next step for the internet. Its not just about currency there is so much more this thing can do and im sure eth, neo and the others are nowhere near the end of it.

if i would get like 1c for every story: if i would buy bitcoin some time ago....
i would have few extra bucks

davids355 said:

Interesting article about bitcoin on UK investing website.

http://www.hl.co.uk/news/2017/8/15/heres-when-well-know-bitcoins-top-is-in

Jonathan Garber from Business Insider thinks that bitcoin is likely to peak at around $4800 before falling back below $3000.

What do you guys think?

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50/50 It happens or it doesn't

kontentguy said:

there seems to be a news story every week with the same exact headline: "hackers steal $25 million in bitcoin"

isnt it just a matter of time before investors realize the following:
1) bitcoin isnt safe from theft
2) not enough major retailers even accept bitcoin

...and then there will be an epic crash?

Click to expand...

...you know you just can fake a heist, right?
It's like stealing all from your company but you say some "hackers" did it.

bartosimpsonio said:

Normally when the press agrees some asset will go up, it's because they want to sell.

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That's how the big whales pump and dump, baby

viivii said:

if i would get like 1c for every story: if i would buy bitcoin some time ago....
i would have few extra bucks

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You should have asked for btc and not usd you would have more

BotMastah said:

Honestly, I have been asking myself the same questions about bitcoin. From my experience, it is a pain in the ass to store and keep safe, it has no real tangible origin, and it is not really useful to buying the daily or even monthly necessities of life.

Bitcoin is more of an enigma than anything else. It seems to be a bubble that is just itching to burst! I have always felt that it is too much technical trouble and hassle just to own and keep them safe. Whereas owning paper money, gold, silver, etc, is much easier and less worrisome!

Some things to think about bitcoin:

• Where does its true value come from?
• How do you truly keep it secure and still conveniently use it? (or is that desire a contradiction?)
• Who really fully understands it's whole design and utility?
• How can the "average" person use it?
• How does it come into being and exist? And where?
• How can it ever be utilized in the mainstream market?

All of those questions, and more, are important to the eventual end-user. Right now it is a fun and volatile investment opportunity, where day trading, speculation, and holders could potentially make a large profit. But once the bubble bursts, then what? What can a high-tech and confusing monetary system really do in the future for the average consumer? And if it can never be brought to the mainstream effectively, how can it last as a "currency"?

Click to expand...

I think all your points are answered below:

davids355 said:

Yes, did you see that video on YouTube of people discussing the internet when it was in its infancy? It sounded so pointless and nobody understood it, but now it's the foundation of almost every emerging technology. Bitcoin is similar in its importance I think.

Click to expand...

Just like the internet could've been taken down at any time back then but ended up so very integrated into our society, cryptocoins are the budding foundation for the financial future.

No doubt some future tragedy may occur that causes a temporary problem which would devalue crypto, but that will pass and people will learn to fortify the code and processes.

Everything is kinda being put at stake. It's not just individuals buying BTC anymore -- you have Goldman and Sachs investing millions. Airlines and other major industries are starting to adopt btc. The more the gov't and huge industries start using crypto, the more risk there is if it falls -- which is why it won't fall.

I'm actually not certain still where BTC's value comes from. It's just that it gets harder to mine 1 BTC, and so demand starts to outweigh supply, which results in a price increase.

Keeping your btc secure is a large spectrum, just like money. If you have dollars, the best way to keep them secure is to place them in a fire-proof, water-proof container and lock them in a vault that no one can have access to. You can also keep them in a bank with online access where you can transfer funds.

The same goes for btc. The vault would be a cold, paper wallet that you physically print out then destroy your hard drive. No one can access your bitcoins because you've restricted them to physical access. On the other end of the spectrum, you can keep them in a casual online wallet (just like online banking) where you have the passcode and can send btc freely to and fro.

So btc is actually not much different from paper money. Except that BTC comes from a complicated algorithm that gets more complicated.

The average person can use it via the new BTC cards where you just load them with BTC and hten charge with the card in real life. People who can actually type and use the internet might actually be able to download the BTC client to use their wallet to send and receive btc from addresses -- just copy and paste.

BotMastah said:

Honestly, I have been asking myself the same questions about bitcoin. From my experience, it is a pain in the ass to store and keep safe, it has no real tangible origin, and it is not really useful to buying the daily or even monthly necessities of life.

Bitcoin is more of an enigma than anything else. It seems to be a bubble that is just itching to burst! I have always felt that it is too much technical trouble and hassle just to own and keep them safe. Whereas owning paper money, gold, silver, etc, is much easier and less worrisome!

Some things to think about bitcoin:

• Where does its true value come from?
• How do you truly keep it secure and still conveniently use it? (or is that desire a contradiction?)
• Who really fully understands it's whole design and utility?
• How can the "average" person use it?
• How does it come into being and exist? And where?
• How can it ever be utilized in the mainstream market?

All of those questions, and more, are important to the eventual end-user. Right now it is a fun and volatile investment opportunity, where day trading, speculation, and holders could potentially make a large profit. But once the bubble bursts, then what? What can a high-tech and confusing monetary system really do in the future for the average consumer? And if it can never be brought to the mainstream effectively, how can it last as a "currency"?

Click to expand...

It is the future of currency. Fast transfer, decentralized and much more.
Every benefits has its own downside, you cant get a perfect benefits.
Downside can be overcome if government put tax keep and keep records of who is the owner of the address, i think its possible.

Bitcoin is starting phase, nothing is permanent ofcourse.
Government may make something like bitcoin and downfall of bitcoin is begin.

Update :
Bitcoin apparently going to hit $20,800 then drop back down

royserpa said:

...you know you just can fake a heist, right?
It's like stealing all from your company but you say some "hackers" did it.

Click to expand...

I didn't know that. You say it likes it common knowledge lol

But i suppose youre right, theres no way to ascertain the validity of a theft in this space

kontentguy said:

I didn't know that. You say it likes it common knowledge lol

But i suppose youre right, theres no way to ascertain the validity of a theft in this space

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Well, when it comes to these kind of things, you just need to have a:

I guess if u steal someone's pc, copy the wallet, give the pc back, then it's only borrowed without permission.

Then if you take all the btc out of the wallet, not like anyone could trace it's you

Lol it's official, bit coin hitting 5k then crashing: https://www.cryptocoinsnews.com/goldman-sachs-bitcoin-price-eye-5000-crash/

U know it's true cuz Goldman Sachs said it ^_^ they pro Wallstreet traderz!!*

Is it possible that I can sell bitcoin and then I'll purchase just like commodities?