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BitCoin @ $7800USD What's YOUR Prediction for Jan 2018?
- Thread starter Douglas.Curtis
- Start date
The Dot com bubble was 6 Trillion Dollars worth,The Bitcoin is 220 Billion.Lidda Crash.
^lol^
into crypto, and some drama, returns are:
BTC +32%
ETH +56%
LTC +130%
lightening network should help
with bitcoin’s scaleability issues
https://lightning.network
after a little over a month since the first toe-dippin’
into crypto, and some drama, returns are:
BTC +32%
ETH +56%
LTC +130%
lightening network should help
with bitcoin’s scaleability issues
https://lightning.network
bestothebest
Active member
Ripple is the one to watch out for
Douglas.Curtis
Autistic Diplomat in Training
I'm a bit leery of sidechains, since it opens up double spending possibilities unless done correctly. (Lightning network) It's also technology like this which can change any coin in as little as a few months, when properly done. Things move fast with cryptocurrencies. 
Lots of folks are betting on Ripple.
Happy New Year!
Lots of folks are betting on Ripple.
Happy New Year!
I didn't want to seem too facetious when I was thinking of this part of the title "What's YOUR prediction for Jan 2018?"
And I was gonna say, "my prediction for Jan '18 is another Bitcoin thread!"
Douglas.Curtis
Autistic Diplomat in Training
LOL
from cnn money
just noticed it but several days old
no idea where it will go
Bitcoin-crazy South Korea may face a ban on cryptocurrency trading
by Rishi Iyengar @Iyengarish January 11, 2018: 5:56 AM ET
How to buy and sell Bitcoin
Bitcoin trading could soon be outlawed in one of the virtual currency's biggest markets.
The South Korean government is preparing a bill to ban trading in all cryptocurrencies including bitcoin, Justice Minister Park Sang-ki said Thursday.
"There are great concerns regarding virtual money," Park told reporters in Seoul. "The government has repeatedly warned about the fact that it is a very dangerous transaction but the message has not properly been delivered," he said.
Park didn't give details on when the bill would be introduced in parliament. But his comments prompted bitcoin to fall sharply. The digital currency, which is known for its volatility, dropped around 14% before recovering slightly in early afternoon trading in Asia.
Ethereum, another cryptocurrency hugely popular in South Korea, also fell 14%.
A frenzy of cryptocurrency trading swept South Korea last year, helping propel huge gains in bitcoin and other virtual coins. The country has accounted for as much as a fifth of global bitcoin trade on some days in recent months.
But the country's government has been moving toward greater regulation of digital currencies in recent weeks, introducing a new law in late December that gives authorities the power to shut down bitcoin exchanges.
Such moves remain a possibility, Park said, before likening cryptocurrency trading to speculation and gambling.
"The government's basic position is that virtual currency trading is extremely dangerous and the bubble may burst anytime," he said.
The exchanges where people trade digital currencies have also come under scrutiny from South Korean authorities. Bithumb, one of the biggest cryptocurrency exchanges in the world, said it was visited by tax officials this week.
Another exchange, Coinone, is being investigated on suspicion of facilitating illegal gambling through cryptocurrencies, South Korean police told CNNMoney.
Coinone couldn't be reached for comment.
Related: Kodak to launch cryptocurrency, stock pops 125%
South Korea's plans to rein in digital currency trading come after China cracked down on the practice last year.
Beijing announced new regulations on bitcoin in September, prompting many of the country's top exchanges to stop trading it and causing its price to crash.
just noticed it but several days old
no idea where it will go
Bitcoin-crazy South Korea may face a ban on cryptocurrency trading
by Rishi Iyengar @Iyengarish January 11, 2018: 5:56 AM ET
How to buy and sell Bitcoin
Bitcoin trading could soon be outlawed in one of the virtual currency's biggest markets.
The South Korean government is preparing a bill to ban trading in all cryptocurrencies including bitcoin, Justice Minister Park Sang-ki said Thursday.
"There are great concerns regarding virtual money," Park told reporters in Seoul. "The government has repeatedly warned about the fact that it is a very dangerous transaction but the message has not properly been delivered," he said.
Park didn't give details on when the bill would be introduced in parliament. But his comments prompted bitcoin to fall sharply. The digital currency, which is known for its volatility, dropped around 14% before recovering slightly in early afternoon trading in Asia.
Ethereum, another cryptocurrency hugely popular in South Korea, also fell 14%.
A frenzy of cryptocurrency trading swept South Korea last year, helping propel huge gains in bitcoin and other virtual coins. The country has accounted for as much as a fifth of global bitcoin trade on some days in recent months.
But the country's government has been moving toward greater regulation of digital currencies in recent weeks, introducing a new law in late December that gives authorities the power to shut down bitcoin exchanges.
Such moves remain a possibility, Park said, before likening cryptocurrency trading to speculation and gambling.
"The government's basic position is that virtual currency trading is extremely dangerous and the bubble may burst anytime," he said.
The exchanges where people trade digital currencies have also come under scrutiny from South Korean authorities. Bithumb, one of the biggest cryptocurrency exchanges in the world, said it was visited by tax officials this week.
Another exchange, Coinone, is being investigated on suspicion of facilitating illegal gambling through cryptocurrencies, South Korean police told CNNMoney.
Coinone couldn't be reached for comment.
Related: Kodak to launch cryptocurrency, stock pops 125%
South Korea's plans to rein in digital currency trading come after China cracked down on the practice last year.
Beijing announced new regulations on bitcoin in September, prompting many of the country's top exchanges to stop trading it and causing its price to crash.
I think that S Korea thing was bogus reporting by Reuters, wasn't it ?
could be, interesting though
maybe a floated out idea, see the response
just more indication there are governments that aren't liking the crypto currencies
$6244 as of today.
Douglas.Curtis
Autistic Diplomat in Training
It was under 1000 just last spring. I don't think the massive runup is sustainable. I love it for a buying a few things that are hard to get, but I don't see bitcoin catching on as a mainstream alternative to credit cards or cash for regular day to day spending.
R
Rubber Chicken
It will be either Bitcoin or an altcoin......
I really hope so. I've been reading about that for so long, though. It's still a pain in the ass to buy bitcoin for an extra charge so I can buy something else.
R
Rubber Chicken
It will happen slowly, organically i believe.
The only driving force behind bitcoin and the other cryptocurrencies I've seen has been black market transactions. Which is great, really. I haven't seen anyone else interested in going through the hassle of buying bitcoin or other altcoin to buy things in their everyday life.
What would it take? Easier access? If we have to pay a premium and go through a separate process to buy bitcoin to buy groceries or pay rent or whatever, how many people will want to do that? The idea of anonymous untraceable currency only seems to appeal to people buying things outside of the legal market.
I used to be enthusiastic about this kind of thing. These days I see bitcoin as something I have to pay extra to buy if I want to buy stuff on darknet markets. I don't see it catching on as an alternative to cash or credit cards yet.
I'd like to be proven wrong about this.
What would it take? Easier access? If we have to pay a premium and go through a separate process to buy bitcoin to buy groceries or pay rent or whatever, how many people will want to do that? The idea of anonymous untraceable currency only seems to appeal to people buying things outside of the legal market.
I used to be enthusiastic about this kind of thing. These days I see bitcoin as something I have to pay extra to buy if I want to buy stuff on darknet markets. I don't see it catching on as an alternative to cash or credit cards yet.
I'd like to be proven wrong about this.
Its the youtube of currencies. Now you and I can send each other bitcoin without a bank or country being involved. It's hard not to see the implications of that. Since the crypto boom there has been a lot of improvement in the private services of the major exchanges like coin base. Its growing and the highs and lows we see won't affect its general trajectory IMO.
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