Where will the price of Bitcoin be at the end of the first half of 2019?
Displaying poll results.25515 total votes.
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- What's the highest dollar price will Bitcoin reach in 2024? Posted on February 28th, 2024 | 8502 votes
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- What's the highest dollar price will Bitcoin reach in 2024? Posted on February 28th, 2024 | 68 comments
- Will ByteDance be forced to divest TikTok Posted on February 28th, 2024 | 20 comments
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nobody cares.
Needs $0 option (Score:3, Insightful)
Bit coin will fail before then because it never worked as cash or any kind of investment vehicle. Closed exchanges run by whales and no way to ensure quick transaction meant that the only winners were the ones who directly stole from the losers. Bit coin never worked.
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ABSOLUTELY AGREED!!!
IMHO no $0 option is actually intentional!
They sometimes do similar trick in other kinds of surveys too, if you ever noticed any.
To prevent any "unwanted" result/conclusion!!!
Re: Needs $0 option (Score:3)
Re: Needs $0 option (Score:2)
The shitty polls are one of Slashdotâ(TM)s highlights.
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IMHO no $0 option is actually intentional!
They sometimes do similar trick in other kinds of surveys too, if you ever noticed any.
To prevent any "unwanted" result/conclusion!!!
Or it could be because a $0 value is a completely asinine option. You might as well put negative numbers in there.
The simple fact of the matter is that you'll always have some value in BitCoin, if for no reason other than BitCoin used to have a crazy high value and people think it may again. Maybe that value ends up south of $1, but it'll never actually be zero until nobody uses it. That's not realistically going to happen this, next, or the year after. Maybe 10+ years from now, but definitely not 7 months
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You can transfer them to the address that owns the Genesis block (1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa). The IRS would then either have to prove that you are Satoshi or accept that you no longer have them.
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Democracy is simply mob rule. There is no amount of "learning" that will overcome the basic instinct of man to banish those whom he sees as an inferior.
In fact the mere assertion that education is the answer to a "successful democracy" is direct evidence of exactly the point made above.
Re: Needs $0 option (Score:2)
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Bit coin never worked.
Heh, tell that to the electric company
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Bit coin will fail before then because it never worked as cash or any kind of investment vehicle. Closed exchanges run by whales and no way to ensure quick transaction meant that the only winners were the ones who directly stole from the losers. Bit coin never worked.
In a gold rush, sell the tools... Doesn't really matter if the gold is fools gold or real, the real profit is not for those mining it.
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I sure do hope Dogecoin replaces Bitcoin, because even if it only goes to 1/10th of Bitcoin's current value, I'll be rich.
Well, almost rich.
I mean, 132.65213894 Dogecoins is a lot, right?
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Until I moved to a new city about half a year back, I paid my electricity bill with bitcoin. I still buy pizza and coke with it (and many other things).
Where I live now, I can't pay my electricity bill in bitcoin unfortunately, but on the plus side, I do now pay my rent with it.
Re: BitCoin Worked to Sell Hardware. (Score:1)
This is why I only put my money in tulips.
I voted for "above 20k" (Score:4, Interesting)
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Uh Oh... Now BeauHD will down-vote to -1 because you're being a hateful bully.
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Re:I voted for "above 20k" (Score:4, Insightful)
If you subscribe to the idea that the price of bitcoin isn't tied to anything in particular and is solely determined by what people believe it's worth then this is probably a good short-term indicator of where the price will be headed. This crowd is probably more likely to deal in bitcoin than the average Joe.
Re: I voted for "above 20k" (Score:3)
This crowd is probably more likely to deal in bitcoin than the average Joe.
This crowd is more likely to laugh in your face at the mere mention of Bitcoin, but thanks for playing.
Re: I voted for "above 20k" (Score:2)
Re: I voted for "above 20k" (Score:2)
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Pinky to lips... (Score:1)
A million dollars...
5,000 quatloos... (Score:4, Funny)
All of the above (Score:2)
Comment removed (Score:3)
Re: (Score:2)
I hope Bitcoin tops a trillion and then even more on top of that. I hope that those that have invested in Bitcoin become so rich that they can buy anything, have everything their heart desires, be accountable to nothing, delight in every pleasure imaginable, and to squeeze the very marrow out of life until such time that life itself becomes utterly meaningless.
Then maybe, just maybe they might get it. But until then, there is hope.
You joke with no contempt as they beat you and got rich for doing nothing, but really how is this any different from much of the top 2% at Wall Street and banking industry? I am not talking about Joe the millionaire who started his small business and has 1 million in savings from hard work. Who I am talking about is the guy who gets paid for doing nothing other than earning interests off other peopes principals and compensates himself (which the financial industry agreed not to in the early 1980s following
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Yeah, the lack of a Cowboy Neal option is disappointing.
He might have already retired with his Bitcoin millions, though... I think that he was one of the Slashdotters who was promoting it from $10 up to $10,000.
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I'm trying to imagine the Cowbow Neal option... Perhaps:
"Cowboy Neal hacks bitcoin and solves and owns all the remaining coins."
Having said that, I think the concept of value for a bitcoin is ridiculous. Of course that's what they said about paper money, too, and it doesn't really matter as long as you can get enough suckers to agree there's some value there. Seems unlikely that bitcoin is going to go away, even though I'm pert' shure that 1/infinity is just about 0, which implies the "real value" of a bitc
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There's a finite supply of bitcoins (21 million), and once they're all mined then the incentive for exchanging them goes away, rendering them useless.
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Paper money was an exchange. You gave a physical item (a sheep, a gold coin, whatever) to the bank in exchange for a promissory note, which you could trade in lieu of the physical thing.
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I'm doubtful that you understand what a fiat currency is. https://en.wikipedia.org/wiki/... [wikipedia.org] for reference. Originally paper money was part of an exchange as long as you believed that you could exchange it for something substantive, most famously gold. Nowadays the value of any currency is just a matter of opinion, much like stock prices. The "promissory note" aspect of paper currency has become an amusing fiction, more of a superstition that some people still cling to.
The underlying problem this creates is
Won't rise, won't fall. (Score:1)
Bitcoin price will stagnate where it is forever. A large capital turnover occured on the way up at around $4000, where early adopters who had hundreds got out and schmucks who purchased decimals, ones or twos got in. Most of these investors didn't get in too deep and so have no motivation to sell and clearly no motivation to buy more. Their coins will just sit on the ledger forever but nobody will sell below what they purchased for except for large investors who need to unlock capital regardless of loss. Ba
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Voted $1000-4000 because ... (Score:1)
... for speculative purposes I could of course see it go higher but with the energy demand it's just stupid and as such it shouldn't go anywhere as a payment method which make it pretty pointless.
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I don't know all that much about bitcoins but:
https://bitcoinfees.earn.com/ [earn.com]
"The fastest and cheapest transaction fee is currently 38 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 8,588 satoshis.", I don't see how the fastest can also be the cheapest considering you get a faster transfer if you pay more but whatever.
"The fees displayed here are Satoshis (0.00000001 BTC) per byte of transaction data."
0.00000001 * 8588 = 0.00008588 BTC / transfe
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It depends (Score:2)
The possible value depends on how much some central banks continue holding it down.
Questionable organisations from the Federal Reserve and the Chinese "Central Bank" to people in the Middle East are working hard to stop the future happening. 2 or 3 centuries ago, they would have been called luddites and transported. Nowadays, we just call them rich and give them our money.
In a couple of centuries, the world may find out what they are doing to keep the money in their hands and not spread around where they
Tulips (Score:2)
Unlike Bitcoin, you can at least plant a tulip bulb.
Nothing (Score:1)
The actual value to me of bitcoin even now is 0$. I can't use it to pay rent, I can't use it to buy food, and I can't use it to put a shirt on my back.
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Relationship to mining? (Score:2)
Is there a certain point at which the price of a BTC drops enough that no one is motivated to continue mining? (I suppose it would take a significant, prolonged downturn - as long as it's speculated to bounce back higher, people will continue to mine...)
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when it costs more to mine a bitcoin than to buy one on the futures market, miners will lose their motivation to mine. and since mining is a key task in transacting with bitcoin, there could well be a downward spiral: slower transactions > fewer transactions > less demand > lower price > fewer miners > slower transactions....
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No, it adjusts so that you continue to get around one block every 10 minutes. The reward from mining a block is based on total number of coins mined, and the transaction fees people are willing to spend. There is no governing board adjusting the rewards or costs for mining.
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You just used the word "narrative" yourself, you fucking Russian paid troll.
Oh shit, I also just used the word "narrative" myself, which means I'm a fucking Russian paid troll.
Oh wait, that means I'll be getting a check? Cool!
... can I have that in Bitcoins?
Re: (Score:2)
When miners drop out, the cost to mine starts dropping as well, until the returns from mining equalize with the real-world cost of mining.
Even if there was only one person mining on a Raspberry Pi, the same number of transactions would be processed every ten minutes (on average). Of course, if only one person is mining, no one would trust the system since that one person can control it all, and it would be quite easy for someone else to wrest control away as well. With the entire system so vulnerable, eve
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There will always be people motivated to continue mining, that's the good side of ASIC mining.
Once you have invested in a miner, you are stuck with it, it is not a GPU you can sell on eBay for gamers or switch to another, more lucrative application. So someone will run it, and do everything he can in order for Bitcoin to keep some value. Maybe some miners will drop out, but it will just mean more profit for others and things should stabilize.
The biggest risk would be a 51% attack. If the value of BTC drop d
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The purpose was to get around sanctions. Everything else was just fluff to get the technoliberarians on board.
No (Score:2)
Not realistically (at least not while a bitcoin is worth a nickel or more). As people drop out of mining, it becomes easier and easier. (conversly, more miners make it harder) The original blocks were mined on a general purpose computer a decade ago.
Actually, if there is a large enough movement, it could kill blockchain, because it only re-evaluates how hard mining should be every day or something
why can't I just sell? :/ (Score:1)
I don't know why I'm still holding, given these poll results, and even the way I voted myself. There are better technologies out there, like Nano, yet I'm still overwhelmingly into Bitcoin.
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Venezuela proves there are some real world uses (Score:2)
People in places where there is a serious collapse in the local currency are finding some use out of digital currency. So it's worth not writing it completely off imo. But it's seriously unreliable, i think we can all agree on that.
Tulips.... (Score:3)
...get yer tulips!
(Just don't try to pay for them with Bitcoin.)
Slashdot Thoughts on Bitcoin (Score:2)