Sean McKeown, Amateur politics wonk.
Répondu il y a 69w · L'auteur dispose de réponses 93 et de vues de réponses 386.5k
I’m a contrarian, but I really like Bitcoin. We are in the late stages of a financial bubble on Wall Street, and the Federal Reserve has started locking up the punch bowl. Other nations have similarly been using their central banks to goose their economies, and so the question about what a Bitcoin will be worth on Date X depends entirely on how much financial interest there is in speculative objects.
You like Bitcoin now? Cool. Name three of its albums.
The value of a Bitcoin is dependent upon its market capitalization and use as a currency; there are some exciting things going on, like more nations accepting its existence as a form of currency, and some dangerous things like the hard fork on August 1st that need to be safely crossed before we can answer the question of a Bitcoin’s inherent value. Based on recent events and the overall growth of the currency, I’d say its value is somewhere under the $2,000 range, though perhaps not too far below that level.
Its price, however, is an entirely different question - it doesn’t appear that the price of Bitcoin is currently rooted in fundamentals because Bitcoin’s fundamentals didn’t grow by 50% in the course of a week or two. Building hashing power and the ability to process more transactions per second happens only slowly, and we didn’t see the number of discrete users with Bitcoin wallets jump dramatically alongside these price increases. To test the “are we in a bubble” hypothesis, a Bitcoin whose price was in line with its value wouldn’t see a single-day price drop of several hundred dollars - if so, whenever someone wanted to sell there would be a willing buyer at that price, and buy interest would be broad enough to absorb large sell orders without major price changes. When Bitcoin dropped by several hundred dollars in one day, the thing that saved it was people doubling down - “buy the fucking dip!” as they put it on Wall Street.
Etherium just had a flash crash, so the “are people using this or are financial players gaming the system?” question seems neatly answered by current events as well. While the user base is strong and growing, they’ve allowed predators into their markets and high-frequency trading is now pulling stop-loss tricks to fleece the least-sophisticated investors - i.e. “you.”
When the price of a thing is unrelated to its value, the thing you have to pay attention to is the quantity of credit sloshing about in search of returns - that is drying up, and a stock market correction will likely result in the end of speculative interest in cryptocurrencies as everyone needs to focus on their primary assets. (Stocks are pretty high, comparatively speaking - look at the overall market’s price-to-earnings ratio and tell me with a straight face that the price should go higher based on a new paradigm. I’ll wait.) Without speculative interest to bolster its price upward, we should see a reversion to the actual fundamental value… which is downward, because the price has grown faster than the network fundamentals.
Jaheyla Jones, Founder at BaseBerry News (2017-present)
Répondu il y a 65w · L'auteur dispose de réponses 58 et de vues de réponses 72k
Predictions predictions predictions , everyone has them. Everyone wants to know!
So here is mine, Ethereum Dapps! The word is there will be some new releases by the end of the year. We are all waiting very patiently for usable Dapps! That my friends is what will really grow the crypto market… usability ! Right now we have a bunch of coins , with low adaption and education. We have hacks, fear buying and fear selling and a whole lot of excited nerds. If some of these which i mentioned that are issues can start to be solved we will have unforeseen growth more quickly than any of us could have imagined. So here are my educated guesses.
Ether will hit 1 k ! and then it will settle around $700
Bitcoin will steadily grow as well hitting $6500 and will settle around $4500
The public view of things effects the crypto world if to many are scared then many will sale. You can call it a bubble I call it a pattern. Remember you have people that are holding, whales and traders when the toshi reaches double or more. Investors are drooling at the chance to withdrawal funds. Which is partly why you see when the coin value shoots up, it then falls a bit balancing out. Gaining attention attracting more buyers and then providing sweet payouts for those that have been holding. So every growth comes with a balance .
As far as the Crypto Marketing failing or a bubble popping check out this article , you say loosing I say winning You say Bitcoin is failing we say Bitcoin is winning - BASEBERRY
Karen Louise, Ambassador to my life
Répondu il y a 70w
I am predicting ETH at $800 plus, BTC around $5000 by the end of 2017. I would also agree with the previous Quorian, if you are looking to invest go 75% into ETH right now and 25% into BTC. I say this because while BTC is on a slow, sideways, definitely upward spike, everyone is hesitant to predict on it’s future because of the hard fork in the foreseeable future. However, just last year, BTC was trading at $450; close to where we are currently at now with Ethereum.
ETH on the other hand, has a pretty bright future ahead. But don’t be fooled, these cryptocurrencies are quite different. While Bitcoin will, and I repeat WILL be the main digital currency, ETH is much, VERY much different. ETH is the internet of the future. It’s a blockchain technology that is being adopted by big name companies such as Samsung, Intel and Microsoft. ETH allows new apps to be built with this new technology, and furthermore, those apps that are created are then able to sell their own “tokens” to the public. As more tokens and apps are created, ETH has no where to go but up… So basically the value of ETH is within ETH if that makes any sense. The more these big companies produce these decentralized apps and programs on ETH, the higher the price drives. You have to invest in ETH to use ETH. It’s speculated that ETH will continue to grow far after BTC reaches it’s market cap.
To put it in the basic example possible, while BTC is like buying gold, buying Ethereum is like buying the entire land and all of the gold that lays into that land. Ethereum IS the future.
And about it being in a bubble. A bubble is not…. IS NOT possible in a digital world. You heard that correctly, it’s just NOT possible. Will the price of BTC and ETH always be volatile? Of course, supply and demand. But, to think that these have bubble qualities is complete speculation. Could the price of BTC drop to $1500 by 2017, certainly, but that is because of some issues and kinks that they still need to work out. Even so, if you are holding BTC I’m assuming you are holding for the long run anyways. Here is an incredible article on why a digital bubble is just not possible. 1 Here's Why Bitcoin & Ethereum Can Never Be In A Bubble. (No, really: digital bubbles are impossible.) – CoinSpeaker
However, don’t invest based on my advice; I’m not a trader in any way. I am merely a complete enthusiastic nerd who is just so excited that us geeks have our own gold now and an internet in our future that is truly, user based.
Notes de bas de page
Admir Tulic, Content Manager sur un nouveau marché décentralisé Accept.io
Répondu il y a 56w · L'auteur dispose de réponses 253 et de vues de réponses 1.6m
I assume this question was posted by someone who would like to read stories and predictions like: “ it will be $1 milion” or “John McAfee said it will be $500k” etc.
Well, if you need that type of narrative I would advise you to stay away from crypto for now. With that type of thinking you are an easy target for the scammers that will “press the right buttons” and tell you stories you want to hear while taking your money and running away.
I would advise reading more about:
- finance and investing in general,
- what is money and who invented it,
- what is value and how to measure it
That way you will be able to put the pieces together and decide for yourself what could be the value of bitcoin in this and in upcoming years.
Reality is, blockchain has absolutely fascinating infrastructure applications, while bitcoin has some purpose but its application for commercial transaction is limited right now.
Price speculation is a dangerous territory for a newcomer and you should invest a lot of your time into general financial education before exposing your hard-earned money to a risky investment.
Don’t fall for the fear of missing out (or FOMO, a popular term in crypto world) as a man with knowledge will never miss out good opportunities because they come by daily if you know where to look.
If you own a tiny bit of BTC, you read and learn about blockchain, you look at charts - you are already way ahead of the rest of the world who posts photos of their half-nude bodies, cat memes and cites smart people on Facebook and Twitter.
J'ai écrit un extensive guide on how to invest in cryptocurrencies.
Frederick Briggs, studied Systems Analysis & Computer Science at Canadore College
Mise à jour il y a 69w · L'auteur dispose de réponses 323 et de vues de réponses 712.9k
Because these are all predictions, every response is going to scale from “complete guessing” to “educated guessing.”
What makes bitcoins value go up or down is achieved entirely on the exchanges.
In Canada, we have a decent exchange called QuadrigaCX (or Quadriga Coin eXchange) where you can trade BTC for Ether, BTC for USD or CAD, Ether for CAD etc..
There are many exchanges online for different parts of the world, and each exchange exists in its own bubble; bitcoin could be averaging $3000 USD in one exchange, while averaging $3100 USD in another, but for the most part, the values between exchanges tend to agree with each other +/- a few percent, because nobody wants to pay more than something is worth, and no one wants to sell for less than what something is worth.
In an exchange, there are two opposing forces at work: In column A you have people who want to buy, and they put in “buy offers” to buy X for Y. In column B you have people who want to sell, and put in “sell offers” to sell X for Y value.
In this example we can say X is Ethereum and Y is USD. Generally, Column A is going to try to buy for as low as possible, and Column B is going to want to sell for as high as possible.
If the people wanting to buy are no more or less eager than people wanting to sell, then the value of Ether will be stable and the buy and sell offers will be close.
If more people want to buy, then those creating sell offers will keep increasing the price, as those willing to sell see an opportunity to sell their Ether for more USD.
If more people want to Sell, then the price of Ether will keep decreasing as those looking to buy see an opportunity to put in cheaper buy offers.
If you go to any exchange website and watch the live feeds, you will see a constant struggle between the buy offers and sell offers, and the value of (in this case) Ether will be in a constant state of flux as each side fights to increase or decrease the value.
When you have a very large surge of people wanting to buy Ether, you will get a massive spike in the value of Ether, because the sellers will keep increasing their sell offer prices to take advantage. The opposite is true when everyone is trying to sell Ether.
It’s why in the short term you can have large spikes in value, or you can have crashes. Journalists who cover bitcoin or cryptocurrencies in general seem to have no clue what is actually going on or believe the public don’t, so you get sensationalist headlines like “bitcoin is crashing!!!” or “bitcoin is surging in value, how high can it go??!”
In the long term, these short term spikes and dips in value don’t mean much, unless you can predict them and make some easy money by buying and selling at the right time. Like last week for example, when bitcoin and Ether crashed for a couple days, then shot back up to previous prices. If you saw it coming, you could have made 25–30% profits overnight by buying low and selling high.
But, the long term value is a little easier to predict if you have the time and resources to research what is happening.
Those with zero comprehension of bitcoin are forecasting the death of Bitcoin (again), or calling cryptocoins a ponzi scheme, or making all kinds of crazy predictions to get views on their website or youtube channels.
But if you watch bitcoin or Ether, and really see how its being used, its easier to see where it might be going. Again, no one has a crystal ball, and short term spikes and crashes are going to happen, that’s a certainty, and in the long term there are unforeseen variables that can’t be predicted, and even if you could, the impact said variables might have would also be an unknown.
The truth is, any crypto-currency that can be used to transfer money across borders, and avoid lengthy wait times and large transaction fees by banks and/or taxes by governments - is guaranteed to increase in demand, at least as long as banks and governments continue to impose draconian limitations on currency exchange.
Here’s an example: parents in china who have a child that is studying at university in the USA may want to transfer some money to their child, but if they try to go through traditional channels, it may cost them a lot of money and take days or weeks for the money to reach their child. Instead, they could buy bitcoin or Ether at an exchange, and their child who has access to that exchange account can then trade for USD and withdraw those funds in a dozen different ways. The total fees to transfer say, thousands of dollars from Yuan to USD might be a few dollars using bitcoin, and their child gets the most money in the fastest way possible. The parents aren’t evading taxes, or doing anything wrong, they are just circumventing the bridge trolls.
There are countless examples of how bitcoin can be used in this manner. While it may seem cool and trendy to pay for your coffee with bitcoin, there is no real reason why you need to do this unless your country's currency is in trouble. If you wanted to take a trip to another country and needed to exchange your money into another currency, using bitcoin would be much cheaper and faster than going to a local bank and exchanging money for huge fees.
As most will point out, Ether has the added benefit of being used for smart contracts, and ultimately the use for these smart contracts will again come down to whether there is an actual need for them. Just like its not really necessary to buy your coffee with bitcoin, there are a lot of uses for Ethereum’s contracts and Dapps that are ultimately trendy and just a FOTM (flavor of the month). If no Killer app is created for Ethereum, Ether will still be useful as a way of exchanging other currencies, and possible as a short term, high risk investment. However, because Ethereum doesn’t yet have a supply limit like bitcoin, it is not a great long term store of value, much like your countries currency, where your government keeps increasing the money supply, and in turn the value of your currency keeps decreasing over time, guaranteed. It just doesn’t make sense to invest in Ether for the long haul at this point in time, but that is a matter of opinion of course.
But, because cryptocurrencies are still primarily used as a means of cheap and fast exchange, and because the demand for that exchange keeps growing as more people become aware of such a mechanism - Bitcoin, Ethereum, and any other cryptocurrency will need to have plans in place to keep scaling, in order to handle the increasing number of transactions in a timely manner.
Ethereum is currently ahead in this regard, as it can scale better than Bitcoin, has cheaper transaction fees, and is much faster to verify each transaction. Ethereum can verify in minutes, while Bitcoin might take half an hour or even hours to verify a transaction.
Bitcoin currently has a couple political factions locking horns on how they should scale, and in truth Bitcoin will scale, or it will die. If Bitcoin cannot scale, its value will drop to nothing, and Ether would likely become the dominant store of value and exchange. I make it sound like it could easily happen, but in truth Bitcoin is far more robust than to crumble under it’s own weight. Plans are already in place to scale bitcoin, and the factions that are locking horns will likely see both opposing plans implemented one after the other in an ironic turn of events. I would personally be worried about Bitcoin if it doesn’t scale one way or another by the end of 2017.
Ethereum on the other hand is much younger, and has already seen a blockchain split where two separate coins emerged, ETH and ETC. Such an event has yet to occur with Bitcoin, but it is a possibility in the near future if miners don’t reach consensus on how to scale. Ethereum seems to be locked in stride with the value of Bitcoin right now, and I don’t believe that is a coincidence.
While experts would have you believe that the creation of the EEA (enterprise ethereum alliance) - which includes many large banks, microsoft, apple, intel etc. as members - is responsible for the recent spike in Ether prices, it’s far more likely that Ether has become a secondary means of exchange in place of Bitcoin. If your sole intention of Buying Bitcoin is to trade for another currency, than who cares what its value is, you’re not hanging onto it, only using it as a vehicle. I would guess that as Ethereum exchanges pop up in more places, it is a slightly better means to exchange currencies than Bitcoin, as it is relatively faster and cheaper, and the demand in Asia especially is massive.
The big takeaway from all this, is that both Ethereum and Bitcoin can coexist together as they are both serving the same purpose for now. Ether being used for Dapps won’t effect its value much in the long run, unless a killer Dapp is created that causes a massive surge in demand for Ether. Technically, a cap on the number of Ether in the system is being imposed because Mining difficulty is increasing. This may really change Ether if miners switch over to a more lucrative altcoin. Those responsible for Ethereum’s programming and direction are already working a system to put in place for this eventual outcome, eliminating mining to process the transactions by replacing proof-of-work with proof-of-stake. Again though, these fundamental changes to ethereum will reap growing pains and possible fluctuations in value.
The other aspect of Ethereum, is that the EEA has little interest in the public blockchain. They are more interested in creating their own private sidechains and branching those into the public blockchain if needed. I personally believe (and I might be wrong) that Bitcoin has a better chance of survival long term for a store of value, simply because it has a limit to the total number of Bitcoins that can ever exist, and because there is a larger amount of confidence and mindshare for it. Bitcoin to this day still functions in the same way it did 8 years ago. While some people think its dead because retailers who started accepting bitcoin have stopped, such fads are cool for about 15 minutes anyway, or until there is a real need if a countries currency turns to mud.
Make no mistake, as blockchain networks continue to grow and their use becomes more common, the Banking interests and governments will start fighting back. Israel recently ruled that their banks can refuse to work with bitcoin exchanges, and that trend may continue to grow. But, this may become a double edged sword that ends up wounding the banking interests.
As I said earlier, it is unnecessary to use bitcoin or Ether as a way to pay for common goods and services, at least for now. As the Banks and governments become increasingly threatened by crypto-currencies, it may become impossible to trade your bitcoins, Ether, or other altcoins for Fiat currency (at least legally). While this might seem like a bad thing that could devalue a crypto-currency, it would actually incentivize more and more people to use something like bitcoin or Ether as a way of buying common goods and services. It really is hard to say where that will go though, or if some kind of “war on crypto-coins” happens to keep the current power structures in place.
There is another possibility, although you need to wear your tinfoil hat for this one. It’s entirely possible that Bitcoin was not created by a single individual (as we do not know their real identity), but rather was created by the world banking interests themselves. It is no secret that the end goal of the “elites” is a one world currency, one that they control everywhere, and can track everywhere. Imagine what would happen if they tried to force that plan on people? it wouldn’t work so well. The Euro is a great example of what happens when you force a new cross-borders currency on people without their vote. If you look at the hashing power of the Ethereum network, the largest chunk of mining is being done in Europe. Surprised?
However, if you introduce a currency that appears to be completely decentralized, free of borders and free of the banking cartel, and free of government interference, people will be drawn to it like flies on garbage, especially if it’s value becomes an investment opportunity.
While Bitcoin appears to be impenetrable by said cartels and higher interests, Ethereum most certainly is not. The EEA should be proof of that. Ethereum itself was initially funded by the creator of Paypal, who is an acting member of the Bilderberg Group, and who believes that Ethereum can be one day transformed into a global currency to be tracked and controlled by governments as they see fit.
So when you read or hear from big names online or on TV, telling you that everyone’s happy about the EEA, and it’s the reason why the price of Ether has shot up, I would advise caution in buying that idea at face value. When dozens of billion/trillion dollar entities suddenly move in on a technology that is designed put them out of business, and then act like they are harmless and speak of rainbows and unicorns, there is something larger taking place and alarm bells should be going off in your head.
Again though, just a tinfoil hat idea that may or may not have a place in reality.
As for the price of Ether and Bitcoin by the end of the year, it will depend on how fast they scale in order to handle increased transactions, and whether Ethereum can survive the growing pains it surely will be feeling at some point. Bitcoin has had 8 years to mature to where it is now, and while Ethereum is sprinting ahead of Bitcoin in many ways, the confidence in Ether is eclectic. Some people think its value lies in the smart contracts, while others believe it has value because it serves as a superior means of currency exchange compared to Bitcoin (at present because of scaling), others are jumping on the opportunity to mine altcoins and exchange them for money, Ether, or bitcoin, and the oldschool investors are merely jumping aboard the hype train, hoping they can buy Ether now for 350, and sell it by the end of the year for 2000. There is literally no other investment where you can make those kind of returns, but the risk is also great too. I personally believe that Ethereum’s lack of design rigidity, i.e. it's ability to be transformed and evolve, may actually be a weakness that has the potential to make its value a non-stop roller-coaster ride, but that is only my opinion.
I predict that Bitcoin will be worth about $5000 USD at the end of 2017, and Ether will probably be worth 1500 USD. I’m literally just throwing numbers out of my rear end, but it was the question asked and even a stopped clock is right twice a day, so who knows.
Éditer: I didn't read any comments before writing mine, but it seems so far the answers are consistently predicting similar or identical numbers, which is kinda eery.
Cassandra Sandoval, Cryptocurrency investor,IG influencer
Répondu il y a 45w
Well, considering they already happened I don’t know if they are predictions but last month I was telling another friend in the Fintech space that I expect BTC to cross $10k.
Although, I have greater hope for Cashaa’s token in terms of growth potential, and don’t really trade ethereum, but I’d guess $500. Cashaa is more poised to do some big things with the people they’re attracting to their company as supporters - I’m excited to see where they are in 12-months, probably $2-3 at least.