2000$ a bitcoin will remain a dream unless the scaling issue is resolve and BU is no longer a threat to bitcoin. I think these two are the only ones holding the price from getting to the moon. But once these problems are solved, bitcoin will soar up high.

The problem is they dump to manipulate price and in the end, they end up with more coins. We wanted the distribution of bitcoin to be diverse but whales will always have the upper hand and may not let that happen.

There will always be another time. It always happens. All it takes is just a new FUD and the price will plummet down again and there is your opening to buy cheap coins. You just have to wait again for it.

It will eventually die if it fails to scale. The fees will grow very high as more user come in. Scaling is a very big issue and if bitcoin fails to address it, I think it is time to switch to an alt-coin which have a better take on scaling issues.

This is really good news for the bitcoin community. This is a big step to bitcoin acceptance.  I hope other countries will do the same.


You can read it here, it is up to you if you will believe this or not. Just hope this is not an April Fool's day joke.

https://news.bitcoin.com/japan-bitcoin-method-payment-april-1/

OP need to know how miners work. OP thought that if you put high fees it will also occupy large spot on the block so fewer transactions per block will be processed. At least that is what I understand from his responses,

We've seen the most growth bitcoin have since its inception if you would only consider generic growth. This is a good development. This could be more if scaling can be resolve. Looking for a brighter 2017 for bitcoin.

There can be no two bitcoin, it will just be confusing to the public especially those who are not familiar to cryptocurrency or those just starting to be aware of it. The other one should be demoted to an altcoin.

Unless you are a fortune teller, nostradamus or an insider, you will never know when will the next pump happen. All you can do is speculate, read the charts and ride the wave when you notice something is starting to pump.

It is better if you store your bitcoins in your desktop and not on any exchange sites like coinbase. Do not trust that you can keep your bitcoin in an exchange site forever. They can be hack or go scam and you will lose your coins.


As most people here would say, the price is still undervalued and may still go very high in the future. So can buy now and still have a good profit if you hold.


You do not need to own a whole bitcoin. I think the smallest amount you can trade is 100K sats, so 0.015BTC is already more than enough.

They always say that the best teacher is experience, I say it is true. You can read all the books, watch all videos regarding crypto investing but that will not be enough. Nothing can teach you like experience does. You can start by trying to invest small amounts. It may earn small or it may not even earnn at all but it can give you the right discipline and practice.

Losing is given. But fear can be controlled. Sometimes you fear something because you do not know it. Like when you invest or trade, you fear the outcome of your trades because you are uncertain. For me, it is not that you concentrate on the goal or not panic, it is that you know what you are doing that you will not feel fear. If you know what you are trading or you know the coins you are investing in, you will be confident and will not feel fear at all.

At most I can part with 50% of my bitcoin stash. But this can change if I needed more money. Can you explain further this one?

I wonder which exchanges practices this fraud. All I know is that Chinese exchanges are guilty of this and that is why PBOC are investigating them. And if other exchanges are doing this as well, how can we trust the price we are right now?

It is not 0% house edge but 0.83% house edge in practise. But even with that, that is still very low house edge. I wonder if the house can sustain their operation with that kind of edge. This looks very scammy in the side of the investors. I may gamble on this site but I will definitely not invest in it.

It have to be a ridiculous price because it was going to the moon after all. Remember, that going to the space is regarded as crazy before. SO is bitcoin price reaching 10K. If it is not a ridiculous price then it is not mooning, it is just a regular price surge.

The title make it sounds like bitcoin is a conqueror that will slave a country.

Bitcoin is an alternative currency and I think it will not take over or kill any fiat in a country. The country will simply regulate or ban it if it becomes a threat.

It is not like each person will be owning one btc each. At most, only a part of the population will have bitcoin in their wallet. And bitcoin can be divided into units, it the smallest so far, satoshi. 1 bitcoin is 100million satoshi. So we have 21M by 100M satoshi to be used by bitcoiners. I think that is more than enough.

I think it was done before but I am not certain which site it was. I cannot remember anymore. What you are thinking is a bad idea. What you can do is a white hat, where you hack the site and look for vulnerability and report it to the site when you found one. I think the site may give you some bitcoins if you pointed out a security risk in their system.

Never trust any investment that promises too much. The rule of thumb is, if it is too good to be true, it probably is. Avoid those scam sites that says it will double or triple your money in a short time. No decent investment can do that.