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NFT: Bitcoin - what is happening?

ij_reilly : 12/7/2017 11:27 am
Over $18,000 now.

This is insane.

I'm holding 1.5 Bitcoin, I guess I keep holding.
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RE: Man, what has people so angry about it?  
DennyInDenville : 12/7/2017 1:30 pm : link
In comment 13729153 Jim in Forest Hills said:
Quote:
Is there vitriol because you feel its a scam? Why are people upset? Is it being promoted too much?

Also, many refuse to learn about it or research Blockchain technology and how bitcoins currency and other coins really are the future somehow..

Wish I could explain, but after hours of research I barely understand it still ..

Just was convinced enough to buy litecoin as a consolation to missing the bitcoin train
RE: RE: RE: All Im saying is 18K, 20K thats a nice chunk, it is  
Jim in Fairfax : 12/7/2017 1:32 pm : link
In comment 13729138 Jim in Forest Hills said:
Quote:


Not telling anyone to plunk down $20K now, my investment was much less. I got it much earlier and I'm willing to just see where it goes.

Classic gambler’s mentality. “I’m playing with the house’s money.”

No: it was the house’s money. Now it’s yours, and it’s completeky within your control what happens to it going forward. Fortunes have been lost with the “let it ride” mentality.
RE: Man, what has people so angry about it?  
Jim in Fairfax : 12/7/2017 1:39 pm : link
In comment 13729153 Jim in Forest Hills said:
Quote:
Is there vitriol because you feel its a scam? Why are people upset? Is it being promoted too much?

Not upset — flabbergasted @ people’s attitudes. It’s their money and they can do what the like. But a lot of people are going to lose a bundle when the bottom drops.
Read an interesting article last week  
oghwga : 12/7/2017 1:50 pm : link
About the drain that Bitcoin mining puts on the power grid. Seriously scary stuff
The future is definitely blockchain  
pjcas18 : 12/7/2017 1:53 pm : link
there is little doubt to me. in fact blockchain could either a) force big banks to significantly change the way they do business or obsolete them completely.

big banks are scared of blockchain and therefore need to adapt to invest and utilize the technology.

From all I can tell the only true use for bitcoin is for when buyers and/or sellers wish to remain anonymous and therein lies part of the problem for me. Many businesses simply cannot transact due to regulations with anonymous buyers.

so I see bitcoin not being essential, but blockchain, absolutely.

I looked into setting up a bitcoin rig a few years ago, and just based on the cpu and power requirements figured out I'd never be able to break even with my power bill/infrastructure costs (at the time) so I gave up on it.

and now almost 80% (or more?) of bitcoins and other crypto-currencies are mined in huge warehouses in China, Mongolia, and other non-regulated regions.

Not saying people can't make money speculating on bitcoin, clearly they can, but that doesn't make it a good idea or even really essential to the future.

anyway, just my 2c, I work for and with many large organizations investing heavily in blockchain.

I'm waiting for an episode of SouthPark  
NNJ Tom : 12/7/2017 1:55 pm : link
to explain the whole thing to me.

Or at least Phil from WNY.

Anyone here from him ?
RE: The future is definitely blockchain  
NNJ Tom : 12/7/2017 1:56 pm : link
In comment 13729180 pjcas18 said:
Quote:
there is little doubt to me. in fact blockchain could either a) force big banks to significantly change the way they do business or obsolete them completely.

big banks are scared of blockchain and therefore need to adapt to invest and utilize the technology.

From all I can tell the only true use for bitcoin is for when buyers and/or sellers wish to remain anonymous and therein lies part of the problem for me. Many businesses simply cannot transact due to regulations with anonymous buyers.

so I see bitcoin not being essential, but blockchain, absolutely.

I looked into setting up a bitcoin rig a few years ago, and just based on the cpu and power requirements figured out I'd never be able to break even with my power bill/infrastructure costs (at the time) so I gave up on it.

and now almost 80% (or more?) of bitcoins and other crypto-currencies are mined in huge warehouses in China, Mongolia, and other non-regulated regions.

Not saying people can't make money speculating on bitcoin, clearly they can, but that doesn't make it a good idea or even really essential to the future.

anyway, just my 2c, I work for and with many large organizations investing heavily in blockchain.


^^^^^^
This
RE: The future is definitely blockchain  
DennyInDenville : 12/7/2017 1:58 pm : link
In comment 13729180 pjcas18 said:
Quote:
there is little doubt to me. in fact blockchain could either a) force big banks to significantly change the way they do business or obsolete them completely.

big banks are scared of blockchain and therefore need to adapt to invest and utilize the technology.

From all I can tell the only true use for bitcoin is for when buyers and/or sellers wish to remain anonymous and therein lies part of the problem for me. Many businesses simply cannot transact due to regulations with anonymous buyers.

so I see bitcoin not being essential, but blockchain, absolutely.

I looked into setting up a bitcoin rig a few years ago, and just based on the cpu and power requirements figured out I'd never be able to break even with my power bill/infrastructure costs (at the time) so I gave up on it.

and now almost 80% (or more?) of bitcoins and other crypto-currencies are mined in huge warehouses in China, Mongolia, and other non-regulated regions.

Not saying people can't make money speculating on bitcoin, clearly they can, but that doesn't make it a good idea or even really essential to the future.

anyway, just my 2c, I work for and with many large organizations investing heavily in blockchain.

Good post. I heard Iceland has serious mining going on too but with the geysers or something..

So you think Xrp at 30 cents is the way to go long term?
Also there an app like Coinbase for Xrp?  
DennyInDenville : 12/7/2017 1:59 pm : link
Or should I just stick with litecoin ?
Amex starting accepting ripple/Xrp but zero uptick in balue  
DennyInDenville : 12/7/2017 2:00 pm : link
Owners are frustrated, but I need to find out how to buy Xrp/ripple it's not on coinbase
RE: Read an interesting article last week  
Jim in Fairfax : 12/7/2017 2:01 pm : link
In comment 13729176 oghwga said:
Quote:
About the drain that Bitcoin mining puts on the power grid. Seriously scary stuff

Bitcoin mining now consumes more energy than Ireland. The amount of energy it takes to authenticate one Bitcoin transaction is equal to amount of energy the average US home consumes in a week. And the amount keeps growing.

People think this is sustainable?
RE: RE: The future is definitely blockchain  
pjcas18 : 12/7/2017 2:04 pm : link
In comment 13729188 DennyInDenville said:
Quote:
In comment 13729180 pjcas18 said:


Quote:


there is little doubt to me. in fact blockchain could either a) force big banks to significantly change the way they do business or obsolete them completely.

big banks are scared of blockchain and therefore need to adapt to invest and utilize the technology.

From all I can tell the only true use for bitcoin is for when buyers and/or sellers wish to remain anonymous and therein lies part of the problem for me. Many businesses simply cannot transact due to regulations with anonymous buyers.

so I see bitcoin not being essential, but blockchain, absolutely.

I looked into setting up a bitcoin rig a few years ago, and just based on the cpu and power requirements figured out I'd never be able to break even with my power bill/infrastructure costs (at the time) so I gave up on it.

and now almost 80% (or more?) of bitcoins and other crypto-currencies are mined in huge warehouses in China, Mongolia, and other non-regulated regions.

Not saying people can't make money speculating on bitcoin, clearly they can, but that doesn't make it a good idea or even really essential to the future.

anyway, just my 2c, I work for and with many large organizations investing heavily in blockchain.



Good post. I heard Iceland has serious mining going on too but with the geysers or something..

So you think Xrp at 30 cents is the way to go long term?


I like it better than Bitcoin as a global currency protocol if you want to call it that, but I would never offer investment advice and I'm not an expert, I just shared my opinion based on my experiences.
80% of bitcoins are already mined  
DennyInDenville : 12/7/2017 2:05 pm : link
Supposedly.

Only 21 million total bitcoins will eventually exist. Making them even more valuable.

The last bitcoin is scheduled to be built in the 2134 I believe
RE: RE: RE: The future is definitely blockchain  
DennyInDenville : 12/7/2017 2:06 pm : link
In comment 13729197 pjcas18 said:
Quote:
In comment 13729188 DennyInDenville said:


Quote:


In comment 13729180 pjcas18 said:


Quote:


there is little doubt to me. in fact blockchain could either a) force big banks to significantly change the way they do business or obsolete them completely.

big banks are scared of blockchain and therefore need to adapt to invest and utilize the technology.

From all I can tell the only true use for bitcoin is for when buyers and/or sellers wish to remain anonymous and therein lies part of the problem for me. Many businesses simply cannot transact due to regulations with anonymous buyers.

so I see bitcoin not being essential, but blockchain, absolutely.

I looked into setting up a bitcoin rig a few years ago, and just based on the cpu and power requirements figured out I'd never be able to break even with my power bill/infrastructure costs (at the time) so I gave up on it.

and now almost 80% (or more?) of bitcoins and other crypto-currencies are mined in huge warehouses in China, Mongolia, and other non-regulated regions.

Not saying people can't make money speculating on bitcoin, clearly they can, but that doesn't make it a good idea or even really essential to the future.

anyway, just my 2c, I work for and with many large organizations investing heavily in blockchain.



Good post. I heard Iceland has serious mining going on too but with the geysers or something..

So you think Xrp at 30 cents is the way to go long term?



I like it better than Bitcoin as a global currency protocol if you want to call it that, but I would never offer investment advice and I'm not an expert, I just shared my opinion based on my experiences.

Thank you. Yeah it's a gamble like Jim says, but I'm gonna try to hop on the Xrp train very soon. Very confusing stuff compared to using the Coinbase app
Vangurard called Bitcoin a speculation  
Steve in South Jersey : 12/7/2017 2:11 pm : link
in a podcast yesterday.
People don't understand the true power of Bitcoin...  
rsmith32 : 12/7/2017 3:06 pm : link
Having a decentralized currency might not seem that important to people in the states, but for some countries (e.g., Venezuela), its invaluable.

And Bitcoin ETF defeats the whole purpose of why bitcoin was created. Decentralized currency on a centralized exchange? Pass.



HODL.
RE: Also there an app like Coinbase for Xrp?  
widmerseyebrow : 12/7/2017 3:13 pm : link
In comment 13729189 DennyInDenville said:
Quote:
Or should I just stick with litecoin ?


Easiest way to get XRP: buy BTC or ETH on coinbase and then use changelly or shapeshift to convert to XRP and send to to your wallet all in one go.

But ideally get verified ASAP with a real crypto exchange and buy direct. You'll pay less in fees.
RE: People don't understand the true power of Bitcoin...  
Heisenberg : 12/7/2017 3:14 pm : link
In comment 13729274 rsmith32 said:
Quote:
Having a decentralized currency might not seem that important to people in the states, but for some countries (e.g., Venezuela), its invaluable.

And Bitcoin ETF defeats the whole purpose of why bitcoin was created. Decentralized currency on a centralized exchange? Pass.



HODL.


Yeah, I think that the attempt to institutionalize Bitcoin is what will ultimately kill it.
Bitcoins crash or correction will come  
widmerseyebrow : 12/7/2017 3:15 pm : link
When people start to realize it will never be a transactional currency. It's best case is to be the new gold. I don't think the current price and buy up reflect that.
RE: The thing about Bitcoin...  
widmerseyebrow : 12/7/2017 3:16 pm : link
In comment 13729067 Dan in the Springs said:
Quote:
is that people "think" it gives them anonymity, when in actuality it's the opposite.

Once your identity is revealed (which is not too difficult to do and there are companies actively revealing identities for their clients), literally every transaction made with the currency is exposed for anyone on the internet to see through Bitcoin's public ledger.

I'm a math guy, not a Bitcoin expert, so my interest has been in how the math works with the system. I think people don't realize that once their identity is revealed every "hidden" transaction becomes exposed worldwide.

I think the risk here is that someone soon writes an article exposing this privacy risk and the currency gets dumped.


Dont know much about the tech, but this exact sentiment is why I think Monero or Dash will be huge winners when the dust settles.
Congrats to those of you that have chosen to invest in Litecoin  
Giants in 07 : 12/7/2017 3:18 pm : link
You'll be happy you did.
And with the failed fork a few weeks ago,  
Giants in 07 : 12/7/2017 3:21 pm : link
The ship on Bitcoin being a currency has sailed.

It's more of a store of value. It's gonna blow right past 20K, probably tumble once Bitcoin Futures makes it's premiere and then shoot up to 50K.

Litecoin will follow.
RE: And with the failed fork a few weeks ago,  
Danny Kanell : 12/7/2017 3:25 pm : link
In comment 13729305 Giants in 07 said:
Quote:
The ship on Bitcoin being a currency has sailed.

It's more of a store of value. It's gonna blow right past 20K, probably tumble once Bitcoin Futures makes it's premiere and then shoot up to 50K.

Litecoin will follow.


What do you expect from Litecoin in the next 12-24 months? Realistically? I've seen conservative estimates of 500 - 1000 etc.
Bitcoin is too nerve wracking for me!  
ij_reilly : 12/7/2017 3:35 pm : link
I took half initial spend out.

When it hits $20K I'll take the other half of the initial spend out.

Hopefully that will be soon so that I can relax and enjoy the gravy that remains!

Also of interest, Coinbase increased my weekly limit to $15,000 without any notification. I just stumbled on it.

I would like to see my tiny 20 Litecoin investment grow.
It's a pyramid  
Csonka : 12/7/2017 3:57 pm : link
You can't just create something with no backing and have everyone win.
I keep seeing "it's going to $_____", with no rational explanation.
A volatile currency is not a currency,  
DonQuixote : 12/7/2017 4:32 pm : link
it is a wager.
Bought ethereum recently  
Breeze_94 : 12/7/2017 4:41 pm : link
Its market rate is only ~$425 for one "ether". I have a feeling this will be the next "crypto-currency" to soar.

Ethereum is backed by blockchain, which is a prototype tech company with several big time companies investing in it. A friend of mine was at Microsoft campus the other day and said they are trying to use Blockchain to track analytics. Basically, Blockchain would need to fail for ethereum to fail, and that is not likely to happen.

Ethereum is the best value (BTC is around 16-17k) and least likely to crash
RE: RE: And with the failed fork a few weeks ago,  
Giants in 07 : 12/7/2017 5:02 pm : link
In comment 13729311 Danny Kanell said:
Quote:
In comment 13729305 Giants in 07 said:


Quote:


The ship on Bitcoin being a currency has sailed.

It's more of a store of value. It's gonna blow right past 20K, probably tumble once Bitcoin Futures makes it's premiere and then shoot up to 50K.

Litecoin will follow.



What do you expect from Litecoin in the next 12-24 months? Realistically? I've seen conservative estimates of 500 - 1000 etc.


I'm not a professional BY ANY MEANS but I do read technical analysis as a sort of hobby.

I think $500 is very attainable by the end of 2018. It should be a big year. MAST, Lightning Network and Atomic Swaps are big implementations that will help bridge the gap between BTC and LTC from a tech standpoint and will make the two practically identical when it comes to implementation and actually usability.

I thought Bitcoin could reach 50K by 2020. It looks like it's gonna reach that next week. So any predictions are just that at this point. I don't think anybody anticipated the amount of new money that came in this week. Now, when it hits an eventual drop..does that money cash out into cash? Does it trickly into altcoins? Time will tell. I'll guess it trickles into altcoins.

Right now, Bitcoin has over 200,000 unconfirmed transactions. That's a problem. And as more and more people enter the fray, that number will only grow. Litecoin's network is needed in this industry.

So, to answer your question, I think $500 in very realistic by the end of 2018. Possible sooner.

By 2020 I could easily see a 10K Litecoin. And if by 2020 bitcoin is a million, then sky's the limit for litecoin. It's a better coin, it's a faster coin, it's a cheaper coin.

Bitcoin is Ask Jeeves
Litecoin is Google

And anybody that says that the industry is a bubble and will pop has no idea about what they are talking about and no idea how the tech actually works.
RE: If you have 1 or 2, don't sell, not worth it for 18k  
short lease : 12/7/2017 6:21 pm : link
In comment 13728989 Jim in Forest Hills said:
Quote:
thats not life changing money. Some people specultae it could go to 100k, 500k, 1M by 2020. Hold onto it.


100k? 1Million? serious ...? so for 2-3 bitcoins you can buy a really nice big house and full your garage with cars.


This has got the next BIG BUBBLE written all over it.


The housing market wasn't going to crash in 2008 either ... and those were houses.
Anybody know about dollar cost averaging?  
BigBlue4You09 : 12/7/2017 6:22 pm : link
Someone told me if I had $1K to start with $250 bitcoin and $250 Ethereum and do the same again in 2-4 weeks.
I swore it would be retarded to invest  
Knineteen : 12/7/2017 6:33 pm : link
when BTC hit $12K...THAT WAS ONLY YESTERDAY!

And it soars 35% today.
Yeah I’m taking the plunge  
BigBlue4You09 : 12/7/2017 6:37 pm : link
With my luck it will rank tomorrow but this is insane, I have to take the risk. Investing in all 3 on coinbase
RE: RE: RE: And with the failed fork a few weeks ago,  
DonQuixote : 12/7/2017 6:42 pm : link
In comment 13729435 Giants in 07 said:
Quote:


By 2020 I could easily see a 10K Litecoin. And if by 2020 bitcoin is a million, then sky's the limit for litecoin. It's a better coin, it's a faster coin, it's a cheaper coin.

Bitcoin is Ask Jeeves
Litecoin is Google

And anybody that says that the industry is a bubble and will pop has no idea about what they are talking about and no idea how the tech actually works.


Yeah, OK, so there is this thing that outperforms all sectors and industries in net earnings and it will continue forever. No bubble possible there.
What about other crypto currencies like Ripple  
BigBlue4You09 : 12/7/2017 6:55 pm : link
?
RE: Anybody know about dollar cost averaging?  
DonQuixote : 12/7/2017 6:58 pm : link
In comment 13729518 BigBlue4You09 said:
Quote:
Someone told me if I had $1K to start with $250 bitcoin and $250 Ethereum and do the same again in 2-4 weeks.


Dollar cost averaging involves investing a constant number of dollars/coin through time. Done this way you buy more shares when the price is low and fewer when the price is high. A wise strategy for any non-trading investor.
RE: RE: Anybody know about dollar cost averaging?  
BigBlue4You09 : 12/7/2017 7:02 pm : link
In comment 13729545 DonQuixote said:
Quote:
In comment 13729518 BigBlue4You09 said:


Quote:


Someone told me if I had $1K to start with $250 bitcoin and $250 Ethereum and do the same again in 2-4 weeks.



Dollar cost averaging involves investing a constant number of dollars/coin through time. Done this way you buy more shares when the price is low and fewer when the price is high. A wise strategy for any non-trading investor.


Perfect, thanks
RE: What about other crypto currencies like Ripple  
Breeze_94 : 12/7/2017 7:03 pm : link
In comment 13729543 BigBlue4You09 said:
Quote:
?


It can't really hurt to invest in ripple right now at around .25 cents per. There is RUMORS that mastercard is looking into using ripple, and ran tests last month with ripple for cross border payments. I was thinking of buying $50-100 worth. If it blows up, great, If not, then I lose a little bit of money.
RE: RE: What about other crypto currencies like Ripple  
Jim in Fairfax : 12/7/2017 8:24 pm : link
In comment 13729549 Breeze_94 said:
Quote:
In comment 13729543 BigBlue4You09 said:


Quote:


?



It can't really hurt to invest in ripple right now at around .25 cents per. There is RUMORS that mastercard is looking into using ripple, and ran tests last month with ripple for cross border payments. I was thinking of buying $50-100 worth. If it blows up, great, If not, then I lose a little bit of money.

That dog’s not gonna hunt. MasterCard created its own blockchain system for cross-border currency transfers. It doesn’t use a cryptocurrency — it just uses blockchain as a means to transfer dollars, euros, etc. It’s deemed likely they are using the technology behind Ripple, but that means nothing for owners of Ripple.

Financial companies have no reason to use cryptocurrencies created by others.
RE: RE: RE: What about other crypto currencies like Ripple  
DonQuixote : 12/7/2017 9:16 pm : link
In comment 13729583 Jim in Fairfax said:
Quote:
In comment 13729549 Breeze_94 said:


Quote:


In comment 13729543 BigBlue4You09 said:


Quote:


?



It can't really hurt to invest in ripple right now at around .25 cents per. There is RUMORS that mastercard is looking into using ripple, and ran tests last month with ripple for cross border payments. I was thinking of buying $50-100 worth. If it blows up, great, If not, then I lose a little bit of money.


That dog’s not gonna hunt. MasterCard created its own blockchain system for cross-border currency transfers. It doesn’t use a cryptocurrency — it just uses blockchain as a means to transfer dollars, euros, etc. It’s deemed likely they are using the technology behind Ripple, but that means nothing for owners of Ripple.

Financial companies have no reason to use cryptocurrencies created by others.


The financial services sector will not use bitcoin etc because it is too volatile and you cannot reliably count on your equity. How would an accountant value a $1 billion stake in bitcoin, would you put your retirement on that? Will the FDIC insure it?

Use your bitcoin to buy drugs and women on the web, but until it has a semi-predictable value, like the currencies backed up by the promise of stable nations (US, UK, Germany, Japan), it is on the margins.
fwiw rumor is some big bank in India is going to buy a ton of Ripple  
widmerseyebrow : 12/7/2017 9:17 pm : link
Some guy on Twitter (I know, I know) called the escrow announcement today. Supposedly the big purchase goes through on the 11th...
Seen it all before  
DonQuixote : 12/7/2017 9:38 pm : link
The prices of tulip bulbs in the 1600s





The price of real estate in the 21st century in California



The value of bitcoin ...



Nothing to be concerned about fellow citizen. No bubble here citizen. You can time the market perfectly, no worries, go for it....

RE: Seen it all before  
Giants in 07 : 12/8/2017 9:58 am : link
In comment 13729631 DonQuixote said:
Quote:
The prices of tulip bulbs in the 1600s





The price of real estate in the 21st century in California



The value of bitcoin ...



Nothing to be concerned about fellow citizen. No bubble here citizen. You can time the market perfectly, no worries, go for it....


You don't understand the technology.
i agree  
Les in TO : 12/8/2017 10:05 am : link
that blockchain is going to have a bigger impact than bitcoin.

bitcoin seems like a very risky gamble - it's not like gold or real estate or bonds where you have a concrete sense of what you are getting with the investment. it's an intangible electronic "currency" that has limited acceptance as a form of payment and is associated with money laundering and criminal activity. I agree with Jamie Dimon, I think it will collapse, whether due to government intervention, hackers or some other factors.
RE: RE: RE: And with the failed fork a few weeks ago,  
Giants in 07 : 12/8/2017 10:38 am : link
In comment 13729435 Giants in 07 said:
Quote:
In comment 13729311 Danny Kanell said:


Quote:


In comment 13729305 Giants in 07 said:


Quote:


The ship on Bitcoin being a currency has sailed.

It's more of a store of value. It's gonna blow right past 20K, probably tumble once Bitcoin Futures makes it's premiere and then shoot up to 50K.

Litecoin will follow.



What do you expect from Litecoin in the next 12-24 months? Realistically? I've seen conservative estimates of 500 - 1000 etc.



I'm not a professional BY ANY MEANS but I do read technical analysis as a sort of hobby.

I think $500 is very attainable by the end of 2018. It should be a big year. MAST, Lightning Network and Atomic Swaps are big implementations that will help bridge the gap between BTC and LTC from a tech standpoint and will make the two practically identical when it comes to implementation and actually usability.

I thought Bitcoin could reach 50K by 2020. It looks like it's gonna reach that next week. So any predictions are just that at this point. I don't think anybody anticipated the amount of new money that came in this week. Now, when it hits an eventual drop..does that money cash out into cash? Does it trickly into altcoins? Time will tell. I'll guess it trickles into altcoins.

Right now, Bitcoin has over 200,000 unconfirmed transactions. That's a problem. And as more and more people enter the fray, that number will only grow. Litecoin's network is needed in this industry.

So, to answer your question, I think $500 in very realistic by the end of 2018. Possible sooner.

By 2020 I could easily see a 10K Litecoin. And if by 2020 bitcoin is a million, then sky's the limit for litecoin. It's a better coin, it's a faster coin, it's a cheaper coin.

Bitcoin is Ask Jeeves
Litecoin is Google

And anybody that says that the industry is a bubble and will pop has no idea about what they are talking about and no idea how the tech actually works.


Litecoin up 21% early this morning.
RE: RE: RE: RE: And with the failed fork a few weeks ago,  
BigBlue4You09 : 12/8/2017 11:12 am : link
In comment 13730110 Giants in 07 said:
Quote:
In comment 13729435 Giants in 07 said:


Quote:


In comment 13729311 Danny Kanell said:


Quote:


In comment 13729305 Giants in 07 said:


Quote:


The ship on Bitcoin being a currency has sailed.

It's more of a store of value. It's gonna blow right past 20K, probably tumble once Bitcoin Futures makes it's premiere and then shoot up to 50K.

Litecoin will follow.



What do you expect from Litecoin in the next 12-24 months? Realistically? I've seen conservative estimates of 500 - 1000 etc.



I'm not a professional BY ANY MEANS but I do read technical analysis as a sort of hobby.

I think $500 is very attainable by the end of 2018. It should be a big year. MAST, Lightning Network and Atomic Swaps are big implementations that will help bridge the gap between BTC and LTC from a tech standpoint and will make the two practically identical when it comes to implementation and actually usability.

I thought Bitcoin could reach 50K by 2020. It looks like it's gonna reach that next week. So any predictions are just that at this point. I don't think anybody anticipated the amount of new money that came in this week. Now, when it hits an eventual drop..does that money cash out into cash? Does it trickly into altcoins? Time will tell. I'll guess it trickles into altcoins.

Right now, Bitcoin has over 200,000 unconfirmed transactions. That's a problem. And as more and more people enter the fray, that number will only grow. Litecoin's network is needed in this industry.

So, to answer your question, I think $500 in very realistic by the end of 2018. Possible sooner.

By 2020 I could easily see a 10K Litecoin. And if by 2020 bitcoin is a million, then sky's the limit for litecoin. It's a better coin, it's a faster coin, it's a cheaper coin.

Bitcoin is Ask Jeeves
Litecoin is Google

And anybody that says that the industry is a bubble and will pop has no idea about what they are talking about and no idea how the tech actually works.



Litecoin up 21% early this morning.


Hells yeah! I'm definitely gonna dump some more in soon
RE: RE: RE: RE: RE: And with the failed fork a few weeks ago,  
Danny Kanell : 12/8/2017 11:33 am : link
In comment 13730176 BigBlue4You09 said:
Quote:
In comment 13730110 Giants in 07 said:


Quote:


In comment 13729435 Giants in 07 said:


Quote:


In comment 13729311 Danny Kanell said:


Quote:


In comment 13729305 Giants in 07 said:


Quote:


The ship on Bitcoin being a currency has sailed.

It's more of a store of value. It's gonna blow right past 20K, probably tumble once Bitcoin Futures makes it's premiere and then shoot up to 50K.

Litecoin will follow.



What do you expect from Litecoin in the next 12-24 months? Realistically? I've seen conservative estimates of 500 - 1000 etc.



I'm not a professional BY ANY MEANS but I do read technical analysis as a sort of hobby.

I think $500 is very attainable by the end of 2018. It should be a big year. MAST, Lightning Network and Atomic Swaps are big implementations that will help bridge the gap between BTC and LTC from a tech standpoint and will make the two practically identical when it comes to implementation and actually usability.

I thought Bitcoin could reach 50K by 2020. It looks like it's gonna reach that next week. So any predictions are just that at this point. I don't think anybody anticipated the amount of new money that came in this week. Now, when it hits an eventual drop..does that money cash out into cash? Does it trickly into altcoins? Time will tell. I'll guess it trickles into altcoins.

Right now, Bitcoin has over 200,000 unconfirmed transactions. That's a problem. And as more and more people enter the fray, that number will only grow. Litecoin's network is needed in this industry.

So, to answer your question, I think $500 in very realistic by the end of 2018. Possible sooner.

By 2020 I could easily see a 10K Litecoin. And if by 2020 bitcoin is a million, then sky's the limit for litecoin. It's a better coin, it's a faster coin, it's a cheaper coin.

Bitcoin is Ask Jeeves
Litecoin is Google

And anybody that says that the industry is a bubble and will pop has no idea about what they are talking about and no idea how the tech actually works.



Litecoin up 21% early this morning.



Hells yeah! I'm definitely gonna dump some more in soon


Up 33% now.
Coinbase sucks  
DennyInDenville : 12/8/2017 11:45 am : link
Wouldn't let me buy extra litecoin last night at $97

I'm upset
The wisdom of Billy Ray Valentine on Bitcoin  
Heisenberg : 12/8/2017 11:47 am : link
.
Pork Bellies = Bitcoin - ( New Window )
RE: The wisdom of Billy Ray Valentine on Bitcoin  
njm : 12/8/2017 11:56 am : link
In comment 13730228 Heisenberg said:
Quote:
. Pork Bellies = Bitcoin - ( New Window )


What's the latest quote on G.I. Joe with the Kung-Fu grip?
RE: Coinbase sucks  
BigBlue4You09 : 12/8/2017 12:04 pm : link
In comment 13730227 DennyInDenville said:
Quote:
Wouldn't let me buy extra litecoin last night at $97

I'm upset


Weird, let me buy all three last night just fine
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