I also agree with you two. I really do hope that if they really impose some tax on it or a license, I hope it would not cost that much since it will be a pain in the ass. I think they can just tax a little on every fiat conversion since those fiat conversion goes into remittance anyway if you have sent via coins.ph here in Philippines. In my opinion they can also get tax from that so there's only a little need to add some tax.

I personally used bitcoin because of the reasons 2-5 that was stated by OP. It makes online shopping easy since I don't have to ever reveal my identity to those who I will pay and risk my credit card numbers to be used by others. It makes online transactions easy and of course it charges low in terms of fees when I send to others. In addition to that, I can earn using it too that's why I started using bitcoin.

It is really a good thing that the central of the Banko Central recognizes bitcoin as payment system. Im from the Philippines too and maybe they considered it since there is a service that offers easy conversion of bitcoin to fiat here in Philippines which is a web wallet called coins.ph. I personally use it to send fiat to me or send to some relatives far away. Many others do it too so they have noticed bitcoin and have seen it's potential.

For me even if it will be harder to hold physical gold, I would still prefer it since it is safer to just lock it or get it on a safety deposit box on a bank rater than trust someone who promises to give gold because of some paper gold that I got. Like what the quote above says even if you lose only a little in trading paper gold because the spread is low, there's a chance that the promise will be broke by the one who promised you.

I guess if there were some other coin that will replace bitcoin out there, it wouldn't be zcash. Do not suspect that it will even grow like bitcoin. It is really possible that there would be another currency to grow in demand that would go on par with bitcoin or dethrone it, but it wouldn't be zcash I repeat again since even if it is good to use and it offers anonymity, there are many more currencies out there better than it that I think might go on par with bitcoin.

It was a nice idea OP that you will build a bank of bitcoin but I don't think that many users will use it since they store their bitcoin mainly on their wallets and exchanges and sell it when the price got high. It might be easier to profit on price movements for others than to invest it in bitcoin bank. IMO you should forget about the idea of building a bitcoin bank for now OP since there are only a few that will use it.

Even if banks and government are gonna try to stop bitcoin it is useless since it's price is determined by the whole world not them. Even if bitcoin were not to rise because I too don't see it as one that will really be used as a mainstream currency but rather as a method to pay someone online in the future, it will have such good prices even if the total supply of bitcoin in the future is only 20,000,000 BTC.

The minimum fee right now is what im willing to pay in fees for a bitcoin transaction since I don't care about how long it will take for me to receive what I have sent because I know that it will arrive later unless im on rush im willing to pay 0.0002-0.0003 BTC as fee for them to process it within an hour or under 30 mins. Im not willing to pay more than the amount I have said to get my transactions confirmed faster.

I really do hope that what is said on the quoted posts will happen and I agree with them partially, this time the price instead of will I'll use the word might go way higher before any big correction happens since there is really always the possibility of a big dump happening even if the instances it have now from 2013 1k+ peak is very different. Let's just wait and see what happens and enjoy whatever outcome time brings to us.

There is a chance that satoshi is dead because of car accident, car failure or any other reasons that might have been the reason but most probably satoshi is probably in hiding. He is also not selling his bitcoins since it will create the people panic and maybe he wants bitcoin to thrive more selling little by little. That is just my theory though he might be somewhere out there just enjoying his/her life.

The price of bitcoin can still skyrocket I think. As far as we can see, it's price is slowly moving upwards but it looks healthy that way. In the next few weeks or months, There will be a skyrocket if this current pump continues and many more users might start using bitcoin too that might help drive the price up even more. The bitcoin holders also help in this current pump by not selling all the coin they got now.

I agree with you. Just be careful in choosing altcoins though they can be scam or another coin with no value. In my opinion, it is good to just wait now to profit more since there is a lot of potential left for bitcoin to reach new all time high or if you are doubting it, just sell a portion of your bitcoin so that if it dumps, you can rebuy and will have less regrets.

The graph you have shown OP might mean something, because it is the proof that bitcoin can survive even if it falls. It might also affect it in the future since in the history of bitcoin, in my opinion this is the most crazy price graph I have ever seen. Other currencies and precious metals like gold have not had a graph like this before. I might be wrong since im not that of a pro in terms of forex and currencies but the graph means something that's for sure.

I think this ain't the new floor yet. It is just a breathing space to move upward again or downward. Maybe the bad press release by PBOC soon would affect to push bitcoin price down but there is a possibility that it will have no effect at all at least. It will dump if many of the Chinese holders sells some bitcoin after it but if it aint we will see it as stable as ever.

At this price ranges, I guess you should sell some part of your bitcoin and leave some of it in your wallet. You should do that in order to not regret when the price pumped or dump. You can also sell all now if you bought way under 300$ since selling now will give you a good profit already but if you are not contented with the profit, just do what I suggested and take the path with least regrets.

Maybe it will not go down to 200$ price if there is a major hack that will happen again but there is the possibility that it might bring down bitcoin's price if the walls won't hold because of the selling that will happen. I agree with your point though, bitcoin might never again be less than 700-800$ but let's see, we cannot know for sure what will happen so lets just watch the bitcoin price go up or down for the meantime. 

We will not see bitcoin in 200$ price ever again in my opinion unless there will be major happening that will happen in it. Soon enough we will see the new floor price and it will be very stable there for months or maybe a year, who knows one day there might be yet another big exchange hacked that will cause bitcoin's price dump. If that will happen, 200$ price is very possible to see.

In the next 12-18 months, I think the maximum price we might see is at most 1500$ and at least 1200$. Its impossible to climb up above that for now unless there are major happenings that will affect bitcoin reaching prices more than that. If that were to happen though, many of those who hold their bitcoin now will sell and it might go back to the price ranges we have now.

I agree with you and since you are not quite sureof the current 1000$ bitcoin price, just sell a portion of what you got and hold the others so that if it dumps, you can rebuy cheaper and when it pumps more, you have some bitcoin to sell. Just take the path with the least regrets if you dont wsnt to regret your decision, IMO this is the solution to not feel bad even if there are price changes while sleeping.

The current pumps and dumps that have occured these past 3 months were crazy since there are big changes to bitcoin's price. It is kinda mind blowing to see that when you sleep, bitcoin is at is base price and then suddenly when you wake up you will see its price pumped with great changes or dumped with big changes too. All we can do though if some kind of pump or dump will occur is to just watch.