Nothing will last forever, the real question is if bitcoin will last for long enough to see the next big crisis, because if that happens and that is very likely then we will see a huge spike in adoption, people will realize that they have an option that they do not have to lose everything just because the governments were unable to manage the economy once again, they will realize that not only they do not have to lose money that they can earn money when those things happen, after that bitcoin will basically be unstoppable by governments.

While I understand this was precisely the reason of why satoshi created bitcoin to allow two individuals to transact with each other without any middleman, at the same time this kind of news make me nervous that governments are going to really try to enforce a ban against cryptocurrencies, this will not stop cryptocurrencies but many people out of fear are going to get out of the market, so this will decrease the price and the interest in cryptocurrencies in the short term, but over the long term this may have the good effect of increasing the price dramatically since getting bitcoin will be harder.

This is not only true in the market of cryptocurrencies, unless you're a very experimented trader it is a huge mistake to buy anything during a bull run, just look at what happened to all of those people that bought real estate before the bubble burst in 2008, they thought that if they did not bought a house they will be priced out of the market of real estate forever, and now they're paying mortgages that are way higher than the value of their properties so no matter what they do they have lost money and the same principles applies to cryptocurrencies.

The prices will fluctuate very wildly no matter the amount of investors, if you do not believe me then you only need to look at the previous history of the price of bitcoin and see how the price moved very similarly to what we are seeing right now, in fact when there were less investors the price move in terms of percentage in an even more volatile way, so if anything new investors have a good effect over the price of bitcoin, besides why would you want to have less investors? That means that your profits over the long term will not be as high as they could be.

No one can know for sure if the price at the end of the year will reach your target goal, but right now the chances of that happening do not seem very high, you need to understand that even if we were very close to reach that price at the end of the previous year, things have changed in just a few months, while the technology of bitcoin has not changed and in fact it is improving thanks to the hard work of the developers the excitement over bitcoin is no longer there and without that reaching 20000 is going to be very difficult.

The legacy of bitcoin will only grow, even if bitcoin was replaced by another cryptocurrency bitcoin will always be the first cryptocurrency, nothing can change that and it will be very interesting to see how people are going to remember bitcoin in 50 years even if it was replaced, but at this point in time the possibility that bitcoin is replaced seems to be very low, there is no coin in the market that is strong enough, big enough, or popular enough to challenge bitcoin and its huge dominance over the market of cryptocurrencies.

There was never any chance for a total collapse that was just misinformation spread by the media and by some specific people that is all, I find it very unlikely that we're going to see an important growth in 2018, it is likely that we are going to recover some of the ground that we have lost in the previous months, but I do not see many reasons of why the price will go that high that soon. In my opinion this is a year of transition and as such this is the perfect opportunity to accumulate as many cryptocurrencies as you can before we see another bull market in the future.

There are basically two problems with cryptocurrencies that are delaying adoption, the first one is that cryptocurrencies are not as convenient and easy to use as fiat, not only that people are not used at all to be completely responsible for the fate of their money, they are used to delegate that responsibility to someone else and as such it is very likely that we are going to see a lot of hacks if adoption grows, and the second problem is that if we want adoption to happen all over the world then the fees and the speed of transactions need to improve.

It is very unlikely that is going to happen anytime soon, people have been using gold for thousands of years while bitcoin is a very recent invention, we also know that we can make the economy work with gold because that is the way it used to work and many civilizations of the past used gold and silver as their main currencies while we do not have an idea if we can make the economy work with bitcoin and cryptocurrencies, so as you can see there are many unknowns about bitcoin and those unknown factors make the volatility even greater.

While all of those points are very important, the seven point is critical it seems to be very easy to be patient but it is not especially for those that are losing a significant amount of money, can you imagine how difficult it is for them to hold for long term and be patient for those that invested in December? They are still probably losing money and it is very likely that they are going to continue to lose money for the rest of the year and the only thing they can do to recover their money is to be patient and to keep holding, and that is not an easy task to accomplish at all when you're losing so much money and you do not know when you are going to recover it.

You should have read that my ether wallet is only an interface, they do not store your password so you are not going to see a "forgot your password" button where you can retrieve that information, the real question is why didn't you write that information? Because by what you state you do not imply that you write your password down, and that is a huge mistake, I know that there are many sites that recommend never to write your passwords but this is precisely the reason why you write them down because the human memory is not perfect and sometimes you forget, so in conclusion I'm sorry to say that unless you remember your password you have lost your coins.

They could benefit with bitcoin if they fully adopted it, but they do not want that because they feel they will lose a significant portion of their power if they did so, if governments were honest and had the best interest of people at heart they will adopt bitcoin, but you must understand that once a government is established they only care about that but perpetuating themselves, they only care about the benefits they can get extract out of the citizens of their country and to keep their privileges no matter what and if that means they need to sink the country they will do it.

Using a single currency for the whole world will be a huge mistake, you must understand that economy of each country is different and each one of them needs their own currency so they have more flexibility to manage their economies, while I have huge faith in bitcoin I do not think we're going to see bitcoin being adopted as the official currency of any country, because bitcoin will be too restrictive to the economy of that country and they will be unable to manage their economy effectively, which means that even if cryptocurrencies will be adopted by a significant portion of the population we cannot hope to achieve that everyone adopt it.

This is correct, there is nothing we can do to change what we did or what we did not did, so there is no point in focusing and to keep thinking about it, what you must do is to concentrate in what is in front of you so you do not experience those feelings again, there is nothing worse than to lose an opportunity that you have in front of you just because you were focusing on the opportunity that you lost in the past, so concentrate in the now and in the future because those are things that you can change unlike the past.

You are completely incorrect about your third point, currencies printed by governments are not a store of value, that is precisely the problem we have with this kind of currencies, governments keep printing their currencies without any limit and that is why we have inflation, that is why you see that a gallon of milk gets more expensive the next time you buy it at the supermarket and the same happens with everything else, bitcoin is not stable and we are yet to see if it becomes a store value but chances are that it will, because of its limited number of coins.

No, it is not going to be worth investing in such a coin, it doesn't matter what they say or how they try to promote that coin, you just need to take a look at what has happened with fiat to know that it is impossible to trust the government with managing a currency in a responsible manner, currencies all over the world are being printed massively by governments, they think they can steal the wealth from their citizens forever, but now people have found a way to defend themselves with the creation of cryptocurrencies and that is why they are so afraid of it.

The reason to start a business related to cryptocurrencies is the same reason all people create a business in the first place, they want profits, you can obtain profits with cryptocurrencies the problem is that right now the level of adoption is very low and that means that the customer base that you are targeting is very small compared to the customer base of fiat, but once cryptocurrencies become more adopted around the world you will see more and more businesses in different industries to begin to sell their goods and services for cryptocurrencies.

Nothing can really last forever but I understand you bitcoin is so well designed that it is very difficult to imagine a coin surpassing it anytime soon I think it is going to take a lot of time before that happens, decades maybe even centuries, while some may think that I am exaggerating because the technology that we use every day gets outdated after a few months you must understand that bitcoin is being updated every single day as well and when something is well designed is very difficult to overcome it, just look at some of the greatest works of art or architecture to get an idea what I'm referring to.

The accusations against bitcoin of being a tool used by criminals are nothing new and are just a way to distract the public of the truth that bitcoin is a superior currency that no one controls directly, if the accusations were enough to bring down bitcoin then we will need to destroy every single technology created by humans because it could be used to do horrible crimes, and the second reason that you give has no relationship with bitcoin whatsoever, bitcoin has no relationship with icos and the coin most widely used to buy into icos is ethereum not bitcoin.

You are the one that made that trade, you know why you made it, you should have a strategy of what to do when things go wrong since you are not going to win every trade, if you are a day trader or a short term trader then it could be a good idea to have a limit to the percentage that you are willing to lose in a single trade, by the looks of it you are losing about 14% on your trade, if that was me I would have cut my losses when I lost 10% but other traders may prefer a tighter margin and some others may prefer a larger margin but that is up to you.