I have a 80%/20% bitcoin strategy, where I hodl 80% of all bitcoins I buy and spend 20%. The 20% come from my entertainment and food budget every month. I strongly believe that we should pay back 20% of our earnings into merchants that accept Bitcoin payments. < If we hodl 100%, these merchants will stop accepting Bitcoin, because it would not be worth their time and money to continue accepting Bitcoin >

You would have used that 20% in any way, why not find ways to pay with Bitcoin instead of CC or Cash?

You can add Swaziland to this list now : https://bitcointalk.org/index.php?topic=2344348.0

Swaziland's Central Bank has come out in support of cryptocurrencies saying it will assess the potential benefits domestically. Speaking at the just concluded Swaziland Economic Conference (SEC 2017), the Governor of the Central Bank of Swaziland, Majozi Sithole, disclosed the regulator had been researching the virtual currencies internally.

Once you get government support for Bitcoin, things happens quickly. < Just look at what happened with Japan, when their government gave the green light for Bitcoin to be used as a currency >

Well Done Swaziland ^smile^

First of all, everyone can suggest new changes to the code and if they get enough support, then it will be considered. You have to understand that it was designed to be like that, to allow for everyone to submit changes to the code. If only Core developers were allowed to submit changes, we would have had a dictatorship.

Many people feel SegWit2x is just a hostile takeover attempt from the competition. <Those who were on top and who decided to leave and now wants to be on top again>

Other people think SegWit2x is a sabotage attempt to divide the community and to weaken the support. ^hmmmmm^

Fear can only harm you, if you do not manage it correctly. If you for example invested $10 000 and you traded by buying low and selling high and you kept the profits from these trades until you re-cooped your $10 000, then you have no risk at all. If anything happens, you reached your ROI and whatever happens after that is pure profits with zero risk.

Work hard to cover your initial investment and be risk free. ^smile^

My biggest regret was not buying a lot more at $245 when I had the money to do it. I had my finger on the button, but I chickened out at the last moment. Things happens for a reason and you just have to live with those decisions. Would there have been bigger regrets if I bought more and the price tanked to $5?

We do not know what the future holds for us and for this reason we make the decisions that we do. <Good or Bad> Then we have to live with those decisions. ^smile^

My strategy with these forks has always been to sell 50% as fast as possible to get the highest price. {for some reason the price is always at it's highest, just after the fork} I always keep 50% in the event that I am wrong and the price goes up much higher later on. < I call this my 5050ForkHodl strategy >  

We have to cover all basis to maximize our chances of getting a good payday from these forks. ^smile^

Yes, I constantly encourage people to invest in Bitcoin. On Sunday I spoke to a friend of a friend and he bought in on Monday. He phoned me now and told me that he sold again. < He could not believe that the price could increase with that margin and he was scared that it was going to collapse > He made very good profits in about 3 days.

People are not used to Bitcoin's volatility, so they tend to panic very quickly and then make wrong trading decisions. I always tell them to buy low and to sell high and also to try to get a return on their investment first.  

Wrong, Satoshi might not even have access to those coins and even if he had, then those coins will be worth a lot less. If he
started to sell any of those coins, then the price of bitcoins will plummet and the total amount will be worth a lot less. You cannot be one of the richest people in the world and not be able to spend a cent of that wealth.

Think about it. ^smile^

It depends on a lot of factors :

1. Will these governments ban all other crypto currencies, when they issue their own Crypto currency?
2. Will the citizens of those countries willingly support the government with these ideas? < votes can change the government >
3. Will these citizens trust governments to implement a technology that can track every single transaction you make?
4. Will people still use Bitcoin in underground/decentralized markets?
5. Will people see the difference between private and public Blockchain technologies?

We can only predict the behaviour and how people will react, once we know to what level these governments are prepared to take these actions.

Use your vote <if you can> to support a government that supports the freedom to use Crypto currencies. ^smile^

The pattern has become evident over the last couple of years. When a competing fork is on the horizon, some people want to create the perception that the current implementation lack scalability and then they will dump thousands of dollars into spam attacks to push their agenda.

The next hostile takeover attempt will be Segwit2X, so we will see a increase in the Mempool building up to this fork and we will also see miners shifting hash power away from BTC mining to strengthen these attacks. < or should I rather say, the miners that are supporting Segwit2X >

Let's say they are successful and people believe their smoke screen, then people from the other side can prove them wrong with the implementation of a better technology. < in my opinion - The LN >

Tax evasion is a criminal offense and helping someone to avoid paying taxes makes you complicit with these actions. All the profits from the free coins you received must be declared for capital gains. If the IRS or tax authorities request a audit of your returns and/or they audit these services that offer exchange of Bitcoin Cash to other currencies, then you will face stiff penalties.

Pay your taxes and avoid having to worry about the IRS or tax authorities for the rest of your life. ^hmmmmm^

This journey has been awesome. I have learned so much about new industries and ground breaking technologies in a very short period of my life. I have seen innovation in this industry equal to the projects and ideas that were launched since the start of the internet.

You also learn a lot about the financial sector and trading and how these markets are manipulated. I think the most important thing I have learned was how important financial freedom should be for everyone. ^hmmmmm^

My mother did some of her own research and got stuck in the "Bitcoin is a bubble" and "Bitcoin is used by criminals" Fud. It took me 4 hours to convince her that normal people use Bitcoin and how Supply & demand markets work and why we are seeing these bubbles.

My whole family is invested in Bitcoin now and they have ROI on every cent that they invested. I have to stop them from selling assets to invest in Bitcoin now. ^smile^

We still have Xmas and Black Friday coming in November and December where there are usually a higher demand for coins, because a lot of merchants have Black Friday & Xmas specials. If these people make use of Payment processors, then we will see a small drop in the price, because all these coins will end up on exchanges.

If the merchants decide to hoard them, we will see a slight increase in the price, due to the higher demand. If people use some of the coins they hoarded all year, the price will drop. Lets see if the demand will be bigger than the supply. ^smile^

So what are you saying? Would you prefer that low/medium ticket buyers should not win the Lottery? Freebitco.in has millions of users, so in my opinion there will be more entries from low/medium ticket buyers, than high ticket buyers. In theory a higher percentage of low/medium ticket buyers, should stand a higher chance to win, than a few high ticket buyers. Right?

A higher ticket buyer will have more tickets, but the low to medium ticket buyers will have a higher combined total of tickets in the pool. There are still high ticket buyers, winning more of the smaller Lotto prizes. ^smile^

 

A lot of people are selling their free Bitcoin Gold and they are looking to buy some more BTC. The demand for BTC is on the increase, because a lot of investors lost faith in these forked coins. The positive rumours that the Chinese government is going to back off for a while, are also pushing a demand for BTC now.

The upcoming fork in November is the only thing pushing the Bitcoin price down, due to the uncertainty it brings. ^sad^

At last some government can see the fruitless expenditure to regulate Bitcoin. Once you understand the nature of this technology and you realize that it is unstoppable, then you see the potential to apply limited regulations to allow it to grow. The tax income that are generated from the jobs and the innovation and tourism it brings, outweigh the advantages to restrict the growth.

The NY Licence did more harm than good and the Australian government learned from their mistakes. < Previously some Banks in Australia colluded to block Bitcoin users accounts and this was fought in courts >

The comparison is flawed, because they do not take into account the electricity that are not directly linked to the hashing power needed to generate or process the transactions.

How many people work for VISA {Banks} globally, compared to Bitcoin mining operations? How much electricity do these workers use? In 2015, VISA employed 11,300 workers. {They work in offices with lights and air-conditioning and lifts etc...}

Bitcoin mining operations are usually individuals or a small group of 5 to 10 people working in shifts on these mining farms.

See how quickly comparisons can be manipulated to serve a specific agenda? In this article they ignored the other costs, because they wanted to highlight how energy efficient VISA and other payment systems are, compared to Bitcoin. In my opinion, they failed.

Here are some handy tips to avoid getting scammed by this :

It’s fine to click on links when you’re on trusted sites. Clicking on links that appear in random emails and instant messages, however, isn’t such a smart move. Hover over links that you are unsure of before clicking on them.

Install an Anti-Phishing Toolbar – Most popular Internet browsers have these plugins, so try them out.

Before submitting any money related information <insert Bitcoin here>, make sure the site’s URL begins with “https” and that the site's security certificate is valid.

Get into the habit of changing your passwords regularly and make sure you type the URL to your most visited sites. Be wary of Pop-Ups – Pop-up windows often masquerade as legitimate components of a website and you would not expect that the pop-up might be the Phishing site.

Use Firewalls & Use Antivirus Software

Bitcoin <BTC> mining is not profitable anymore for the average Jo, because you need expensive ASIC chips to mine BTC. Some other Alt coins with ASIC resistant technology can still be mined, but it is also becoming very competitive. So, mining Alt coins would be your best bet, if you are coming into this with a low budget.

I would suggest that you use the online mining profitability calculators to see what Alt coin would suit your budget. ^smile^