1 BTC=2,00,000 USD by end of 2018

Adribaasmet posted:

leo23 posted:

Adribaasmet posted:
Hello Leo; what is Bitcoin Cash (BCH)? Is it another type of crypt currency?

It is a new cryptocurrency which is an exact copy of the original Bitcoin(BTC) and it resulted due to chain split or hard fork in original Bitcoin.

Since many central governments and central banks are trying to centralise and regulate the money supply to Bitcoin and hence, Bitcoin cash is like a back up system in case if something wrong happens with Bitcoin.

I mean when Bitcoin price will reach between 1 MILLION USD to 5 MILLION USD per BTC, then definitely a lot of powerful entities will try to centralise the Bitcoin price and manipulate price or try to shutdown it's usage etc and hence, Bitcoin cash can be used an alternate system.

Though BCH has many advantages over BTC in terms of transaction speed and low fees, but I am not a big fan of BCH, but as I said it can work as a back up system since it came out of the original Bitcoin chain though other coins can be used also.

Thanks a lot for your contribution! I asked about BCH; because got free BCH in my coinbase account (exactly the same amount of my Bitcoin); but I am not sure is it withdrawable or not! Do you know the reason of free BCH?

Yes, as I said BCH is resulted due to hard fork of Bitcoin chain and hence, everyone who had Bitcoin previously before the fork must have got FREE BCH of equal amount.

And of course, you can withdraw the BCH. But I will recommend you to withdraw some(50%) and hold some(50%) because anyway you have got them for free. Because BCH price may even rise to very high as the BTC price will increase.

@AmDiab

You are welcome.

This list in this thread will help me as well to look back to the past and see why I had chosen those specific coins at that time and it will help me for catching up new coins as well for the future.

leo23 posted:
@AmDiab

You are welcome.

This list in this thread will help me as well to look back to the past and see why I had chosen those specific coins at that time and it will help me for catching up new coins as well for the future.

All the best buddy; hope you are on the way of success!

The bitcoins and the retirement stage seem two completely opposite worlds: the first is highly volatile, while retirement requires the greatest possible certainty to sustain our base in advanced stages. So, how can they coexist in harmony? According to specialists, the key lies in diversification.

I have read that futures estimate a price of $ 19,000 per Bitcoin in February 2018 Not 200000

What is the guarantee that is offered to the investor; and who gives it, with this virtual currency?

There is a long list of factors that people can point to in an attempt to explain the bitcoin frenzy. Some investors have compared the rise of bitcoin with the bubble, instead of a currency, bitcoin is being treated more like an asset.

Johnw7 posted:
The bitcoins and the retirement stage seem two completely opposite worlds: the first is highly volatile, while retirement requires the greatest possible certainty to sustain our base in advanced stages. So, how can they coexist in harmony? According to specialists, the key lies in diversification.

Yes, you are correct in fact regarding diversification.

The key to make money safely and steadily is to create a basket portfolio by investing in various assets which will make money for you. In my understanding and experience, you can put majority(approximately 60% or more) of your net worth in safe investment assets for long term gains and safety, but minority can be diversified in various risky assets as well for massive quick gains so that it will balance the portfolio by hedging the risk as well as increase the net worth over time.

As many people have already said it, I will repeat the quote 'The difference between rich and poor is only one thing. Poor people work for money everyday and rich people allow the money to work for them to make more money everyday'.

hotakac posted:
What is the guarantee that is offered to the investor; and who gives it, with this virtual currency?

There are few guarantees when you trade Forex, what's left for cryptocurrencies.

mlawson71 posted:

hotakac posted:
What is the guarantee that is offered to the investor; and who gives it, with this virtual currency?

There are few guarantees when you trade Forex, what's left for cryptocurrencies.

Yes, it’s true! But, I see day by day more Forex traders are trying to add cryptocurrencies in their trading list!

Cryptocurrency are the very near future of currency or money itself. The paradigm shift from currency to cryptocurrency may happen much quicker than anyone can think of and it can be a couple of years between 3 to 5 years.

So if someone trades cryptocurrency or not to make profit, it doesn't matter. But people have to use cryptocurrency when it will disrupt each industry of the world, because any company not having its cryptocurrency or not using cryptocurrency will ultimately fail or vanish quickly.

Cryptocurrency revolution is similar revolution of early 1990s when internet was just discovered. So now you can't do almost anything without internet and in the same way after few years you can't do almost anything without using cryptos.

leo23 posted:
Cryptocurrency are the very near future of currency or money itself. The paradigm shift from currency to cryptocurrency may happen much quicker than anyone can think of and it can be a couple of years between 3 to 5 years.

So if someone trades cryptocurrency or not to make profit, it doesn't matter. But people have to use cryptocurrency when it will disrupt each industry of the world, because any company not having its cryptocurrency or not using cryptocurrency will ultimately fail or vanish quickly.

Cryptocurrency revolution is similar revolution of early 1990s when internet was just discovered. So now you can't do almost anything without internet and in the same way after few years you can't do almost anything without using cryptos.

On one hand such a change occurring within three to five years seems like a too generous a prediction, but on the other hand we can all see how cryptocurrency popularity practically exploded recently. I don't know what to think.

@mlawson71

To give you and other interested users a better understanding about cryptos and it's benefits I will discuss few more important things, future money making opportunities using cryptps and future technologies etc.

1.You can make money chatting with your friends and family members using Dapp(Decentralized chat applications) and will get paid in cryptos
2. You can make money just keeping your mobile or laptop ON and connected to internet for sometime to create a local area network which will create a global decentralised internet. So blockchain and cryptos will create the next level of decentralized internet where no central authority will have complete control over the internet
3.You can make money for every like and dislike, comment you make in social networking platforms using Dapp
4.You can make money by solving math, science or any other social problems partially and you will get paid accordingly for team work based on your share in solving problem
5.You can create a company of your own from your mobile phone and run your company from mobile phone fully automated using decentralised platforms. There are no paper works or legislation required and everything can be done from mobile using something called as 'smart contracts'
6.It doesn't matter whichever crypto you use and whichever country you are, as long as there is a strong community or team behind the crypto, then your overall asset value will increase over time since almost every crypto has a fixed supply unlike the fiat currencies which can be printed by central government.

Now, 80% of the net wealth is concentrated and hold by 5% of the world population which creates a huge diversity in status and wealth distribution and so cryptos will slowly dilute all those printed money hold by such big entities and will create a balance in the overall money holdings among individuals.

That's why all the wealthy and business people are in panic or will become panic soon once the cryptos total market capital will start trading in trillions. Mocrosoft owner Bill gates was aware about cryptos long ahead in time and Facebook owner Mark is starting to look into crytos. If soon such big companies will not integrate cryptos, then those companies will simply vanish in air in no time if just one more competitor will duplicate their business model and can successfully run it while accepting cryptos and there are quite a few people working on such models as well.

Just ask yourself few questions.....

1. Why you should pay even 1% to PayPal or any other payment processor or to your credit company or wire transfer fees or any such bank fees for money transaction when you can do it for FREE and without any maximum limit and without any government looking into your transactions? Of course, Bitcoin doesn't solve this problem of transactions fees and that's why many other cryptos like IOTA and EOS are there now.

2. If any email provider will ask you money for every email you send, then will you use that email provider? Obviously, not.I will not give money for sending emails and that is what we do when we send money to someone is just few bits of information from one node to another node and for that you don't need to pay money to someone. There was a time when someone needs to verify money transactions, but now it can be done fully automated and if at all verification needs to be done, then it will be almost free if not totally free. That's why cryptos will lead over fiat.

If cryptos will not take over within next few years, then unfortunately a handful of people will become trillionares after fully take over by Artificial intelligence and all others will be beggars and of course there will not be any jobs. So cryptos will not allow it to happen and distribute the whole wealth and power back to individual people simply for each and every contribution they make to the society whether by chatting, commenting, voting or solving problem and everything else which can be done online.

I previously analyzed bitcoin and I came to the conclusion that in the near future (1-2 months) bitcoin could become 20k, but I'm not sure of such large and sharp growth, right up to 200k. In my opinion, at the end of 2018 we will talk about 40k, and at the end of 2019 it will probably be reached the level of 60-80k.
As a result, I really believe that Bitcoin will grow...

@leo23 - You've given me some very serious food for thought and reasons to research this matter more, thank you.

mlawson71 posted:
@leo23 - You've given me some very serious food for thought and reasons to research this matter more, thank you.

Really he is! I am also considering right now cryptos so seriously! Before, I wasn’t interested so much!

Just few more thoughts to give a comparison between forex and cryptos.

The current market capital of forex is around $200 TRILLION and the current crypto market capital is less than $1 TRILLION which is less than 0.5% of the forex market.

Now, just think for a minutes...95% of the forex traders consistently loose money and out of which if at least 20% of these traders will decide even to continue to loose, but simply switch from forex to crypto, then the crypto market capital will be multiplied by at least 10 times by a spike within a matter of few months time. Not only that such loosing traders can easily make a fortune.

If this happens, then millionaires will be made out of no where. If you have put a 1000 USD in a bunch of top crypto currencies now, then it is very likely that it will be at least 100K to 1 MILLION USD by end of this year.

Now, the fact is that almost every crypto exchange is getting around 0.1 Million new user requests everyday and there is no sign of reducing that number and even the new user requests numbers are increasing everyday. 0.1 Million new users everyday is not a small number and it is the case with most popular exchanges excluding the smaller exchanges. In fact many popular exchanges like Bittrex have stopped accepting any new users till now.

Now, if all the users will put at least 100 USD each, then calculate where the total market capital will go. That's why the market capital was rising so fast before a temporary crash created by false news. Of course, it was required to bring a slow down in growth.

No matter how many people join crypto and invest in it, big players would play with it same as any other markets elsewhere. Pump and dump. Newbies would loose. Bitcoin prices can never go so high and kill the whole cryptocurrency concept. if at all it goes so high as mentioned in this thread, the bubble will burst horribly.

leo23 posted:
It is a new cryptocurrency which is an exact copy of the original Bitcoin(BTC) and it resulted due to chain split or hard fork in original Bitcoin.

Sorry, I have to strongly disagree with your comments and answers.

I agree though, that Cryptos are the future. BTC is not.

BCH is NOT a 'new' crypto. BCH is the result of a massive conflict of interest, a step forward the BCH developers took to save Bitcoin. And so BCH basically is THE original Bitcoin, which carries on the original ideas and ideologies Satoshi Nakamoto had. BTC is the degraded leftover of the hard fork. And simply people haven't realized this yet.

BTC has massive problems. There is no fundamental value behind BTC, it is just fueled by FOMO, greed and (fiat) profit hunger of investors. Just look at what happened Dec 22 2017: A large number of investors and speculators withdrew their money from BTC before the end of the year to cash in the (fiat) profits and caused the whole Crypto market to crash by 45% and more.

Events like this are evident that it is NOT a store of value:
https://www.bloomberg.com/news/articles/2017-12-08/the-bitcoin-whales-1-000-people-who-own-40-percent-of-the-market

In the Fed Press Conference December 2017, Yellen was asked a question about Bitcoin. She replied that Bitcoin plays a very smale role in the payment system, it is not a stable store of value, it is not a legal tender and is a highly speculative asset.

leo23 posted:
Since many central governments and central banks are trying to centralise and regulate the money supply to Bitcoin and hence, Bitcoin cash is like a back up system in case if something wrong happens with Bitcoin.

No again. BCH is not 'back up system'.

BTC was forked, because of the ever growing network limitations of BTC and a conflict of BTC and BCH developers:
https://en.wikipedia.org/wiki/Bitcoin_scalability_problem

BTC nodes have a genetic disease. A gene in their source code prevents them from accepting blocks larger than 1MB, and so the network slowly kills itself with the resulting high fees and unpredictable confirmations.