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About LinkBacksRead more.Cryptocurrency value volatility ($15K today) and high transaction fees are to blame.
Read more.Cryptocurrency value volatility ($15K today) and high transaction fees are to blame.
The cracks begin to show.
At the same time though bitcoin in itself still has a LOT of growing to do before it crashes, I can see it hitting anywhere between £50,000 - £300,000 before demand falls flat.
Tulip bulbs anyone?
Can you post a link to your Crystal Ball supplier please?Originally Posted by EvilCycle
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Crystal something, at leastCan you post a link to your Crystal Ball supplier please?
Millennium (08-12-2017)
Yes it is some outlandish speculation I am not a complete nutter, but there are some calculations involved in my guesswork, previous market crashes against items with similar hallmarks to bitcoin together with the comparison of the worth of gold vs availability has brought me to those figures.
I won't go as far as saying crypto currencies and block chains will never work, but I truly believe bitcoin in itself is setting up for a car crash after some more growth.
Millennium (08-12-2017)
The transaction fees were up to $20 (as was probably mentioned in the linked article) no-one would buy even a $50 game with a $20 transaction fee unless they had money to burn.
I can see Bitcoin hitting maybe $17k (possibly as Evil Cycle says a lot more) but the government regulation, co-option and inevitable crash will come. How big and bad it is is anyone's guess. I should probably invest in it but I don't like it environmentally so I will likely refrain.
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Be Careful on the Internet! I ran and tackled a drive by mining attack today. It's not designed to do anything than provide fake texts (say!)
So a single bitcoin is worth 17k?
It was yesterday, down to around $14k now.
Tulips have a shelf-life. Bitcoin can be traced forever. As long as there is electricity and the internet.
Tulips I would argue are more viable than using so much electricity to mine something.
throw new ArgumentException (String, String, Exception)
You can mine more tulips by burying the bulbs and leaving them alone, which you can't do with bitcoin
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