Infographic: Bitcoin Outlook for 2016
- Thread starter Baron
- Start date
the pump and dump coin is having a dead cat bounce
that's all
that's all
thanks Baron,
love [them] pictures
marc
love [them] pictures
marc
I mentioned this earlier but 2 rather unpredictable events could put a nail into bitcoin's coffin:
1. There would be a terrorist cell discovered in US ground who got their funding via bitcoin. Congress would outlaw virtual currencies overnight, not to mention bitcoin is already breaking 2 existing US laws, just nobody is enforcing them yet:
a/ Thou shall not make a competing currency to the almighty dollar.
b/ Thou shall not operate a money transferring business without special permission.
2. A large retailer (Walmart, Amazon) introduces its own coin, that is even an improvement over bitcoin, but in every other detail it is similar (minable) and right from start has 10-100 million users. Amazon could donate 1 coin to each of its users (100+ millions) and even if only 10% using it (unused coins would go back to Amazon) that is 10 million user. Bitcoin after 6 years still doesn't have a million users.
Going back to point #1, it could also be a famous blackmailing case or kidnapping where the criminals use bitcoins. That is all it takes to drop the price into double digits....
My 2016 range prediction is 200-680. I am not saying we will go up to almost 700 for sure, but if the rally continue, I don't expect a new ATH like 1200$....
1. There would be a terrorist cell discovered in US ground who got their funding via bitcoin. Congress would outlaw virtual currencies overnight, not to mention bitcoin is already breaking 2 existing US laws, just nobody is enforcing them yet:
a/ Thou shall not make a competing currency to the almighty dollar.
b/ Thou shall not operate a money transferring business without special permission.
2. A large retailer (Walmart, Amazon) introduces its own coin, that is even an improvement over bitcoin, but in every other detail it is similar (minable) and right from start has 10-100 million users. Amazon could donate 1 coin to each of its users (100+ millions) and even if only 10% using it (unused coins would go back to Amazon) that is 10 million user. Bitcoin after 6 years still doesn't have a million users.
Going back to point #1, it could also be a famous blackmailing case or kidnapping where the criminals use bitcoins. That is all it takes to drop the price into double digits....
My 2016 range prediction is 200-680. I am not saying we will go up to almost 700 for sure, but if the rally continue, I don't expect a new ATH like 1200$....
can i get the [daily or hourly] Volume of bitcoins traded,
somewhere?
[not bitcoins spent, but just the Trading volume]
i'm curious,
what volume does it take to move the bitcoin price $1 or $10, for example
thanks,
marc
somewhere?
[not bitcoins spent, but just the Trading volume]
i'm curious,
what volume does it take to move the bitcoin price $1 or $10, for example
thanks,
marc
But the fact that the supply of Bitcoin is limited, and with a growing economy demand for Bitcoins will rise, will the effective eternal deflation limit the usability? After all, why spend an asset that is ever increasing in value?
yes,
i'm going to pray that it doesn't go up to much...
it's true,
outside myself [for sports and political bets],
i don't know anyone who actually uses bitcoin, for anything
who knows what the future will bring, though
marc
I found what looks like a very good Trading Volume chart at
data.bitcoinity.org
it has trading volume from 10 minutes to 5 years
record volume the last few months;
someone may have mentioned this already
marc
data.bitcoinity.org
it has trading volume from 10 minutes to 5 years
record volume
someone may have mentioned this already
marc
Guess what?
http://forklog.net/france-lobbies-f...on-bitcoin-in-the-wake-of-the-paris-massacre/
"Following the terrifying massacre and bombings in Paris last month, the French government started insisting on restricting or even banning several technologies facilitating anonymous money transfers, including digital currencies.
Other means of anonymous payments include pre-paid cards and mobile payments.
Michel Sapin, the French minister for finance, states that attacks could be prevented if the authorities managed to track down small transactions, as the financing of the latest terrorist attack in Paris was relatively scarce."