Mathematically it is possible, it is an exponential grow, but any exponential grow end in infinity...
Bitcoin seems don't care an going into infinity
Since 2015 it grown from $150 till $10 000 - till now 6500% or 65 times. If the exponential grow trend remains, it will reach 50 000 in two Months February 2018.
I don't know what will happen after but 50 000 in 2 Months is mathematical turning point, then there could be a BIG BANG Pada BUM and turnover as of infinite amount of money could not exist...
トレード稼働中
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The channel break could result to earlier crush already around Chrismass.
Most possibly not a merry but SCARY Christmas is on horizon
no no it will retrace back rest assured what goes up comes down , like this it is not healthy nor balanced whereas when it retraces it will then go up more balanced and healthy
viparmenia
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@scousertommy, May be it will retrace, but seems till february there are only panic buys.
The quesion is when the hodlers and miners will decide to sell the millions of bitcoins. Only 2% is on market, the rest is stored in wallets and frozen.
scousertommy
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@viparmenia, i am seriously considering starting to mine bitcoin , like invest a serious amount of money and get myself a rig of the latest and most updated miners available on the market , i have really had enough of following bitcoin , it is just driving me and many others nuts , it does not make any logical sense that it has not retraced further when you think that it went so fast and so soon , a correction should have taken place , i sold my btc for cash , at least i do not have to worry anymore not follow so much , i have only left a tenth of what i had on bittrex only on emc 2 that one i want to keep. mining makes more sense to me like a steady income 1 rig equals to 5 mining devices , you find a good pool of miners and get going , and then this will all make more sense to me. my position as you are stating above will change.
viparmenia
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@scousertommy, Mining brings nothing as you need really big investment to make concurrency with big mining pools in being he first one who found the block.
If you want to make money, invest into coins with future. Etherum was one of the examples, unfortunately the idea was nice but realisation is bad. But there are others developing systems that could be used in future internet community, like LISK for web pages, IOTA for internet o things.
But if you want simply a stable profit by mining, then use alternativ POS or DPOS Coins. For last in Lisk - a coin made in Germany, you can try to became one of 101 delegates who is allowed to mine and this guaranteed that your investments are profitable as of there is no concurency.
scousertommy
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@viparmenia, very interesting information as i am still checking everything , but doesn't the mining device give you a certain amount of bitcoin to mine ? and something has rate ? am still learning , thank you for the info.
viparmenia
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@scousertommy, This requires miners to perform these calculations before their blocks are accepted by the network and before they are rewarded. As more people start to mine, the difficulty of finding valid blocks is automatically increased by the network to ensure that the average time to find a block remains equal to 10 minutes. As a result, mining is a very competitive business where no individual miner can control what is included in the block chain.
Or to say simply, if somebody else is faster to find the same block you lose.
Soway alternative coins appeared allowing to mine easier and for everyone and not only pool consortiums with tousands of mining hardware in Farms - biggest one as I know is in Mongolia, where the electricity is cheap and govermental control is almost abesnt.