We have been experiencing serious downtrend in bitcoin. Some people have been holding bitcoin since alt high $19500 December last year till date $6761 (six months ago).

My question is When are we going to experience pump/bouncing back to previous alt high?

There are two opinions in the crypto world: some people consider cryptocurrencies digital gold, while others believe that cryptocurrencies will be used as means of payment.
 
The first idea is quite convenient. You can just do nothing. For the first time ever, doing nothing has actually become a heroic deed – people are proud to be hodlers, proud to do nothing with their cryptocurrency. But do you really believe this approach will change the world? Seriously?
 
Let’s be honest. Real crypto communities – there are few. There are few people who own cryptocurrency. The number is vanishingly small. Crypto prices will not grow while there are so few of us. The demand is just too small and there are no drivers of growth.
 
So, what should we do? Is there a reason to just sit and wait for cryptocurrencies to grow? I believe there is none. The only possible solution is that people actually start using crypto in their everyday lives. The number of crypto transactions should amount to hundreds of millions a day. Then, and only then, will cryptocurrencies grow in price.
 
Personally, I see no other options. However, this cannot be handled by one man alone. The whole crypto community should do this. You may ask: is it possible to live paying with cryptocurrencies only? Judging from our experience –  yes. Moreover, we have video proof: here is a story of a guy from Scotland https://www.youtube.com/watch?v=Gb_yVnkHSFs and here is a story of a guy from Thailand https://www.youtube.com/watch?v=l09U16Oqbck.
 
People will say I’m biased, since I founded a project where you can sell and buy goods for crypto. Yes, it’s true. Still, I’m more interested in expansion of cryptocurrencies than in my project’s expansion. In fact, I founded it for one simple reason: I’m sure that hodlers will never change the world. But we will. We should just learn from the guys in our videos who pay with cryptocurrencies in everyday life and make cryptocurrencies valuable.  

With cryptocurrency, you have to be careful with any fraud and theft. and usually many people who are caught in the losses in the world of crypto is:
1. Not Backup Key
2. Electricity Billing Mining More
3. Lunes In Phishing Sites
4. Buy Coin With Rumors
5. Create a weak password
6. Steal With Stealth ICO

With cryptocurrency, no bank or other institution or regulation will protect you in the event of a loss.

When will we hit a critical point at which there's just too many lost bitcoins due to someone loosing their wallets, dying or corrupted hard drives and etc? At some point this is bound to happen right?
I know that for the time being, low circulating supply means that the coin will increase in value but how low can it get before it starts to give diminishing returns and actually inflict damage to the system? What would happen to crypto in general if all of the coins and altcoins will suffer the same ending?

At a time where I see currencies moving away from cash to digital I think the reason is partly so that governments can control the flow of their currency more particularly for laundering. They can possibly gain more taxation from a cashless currency because cash cannot be fully traced. If i sell my car for cash to another individual the government dont get any revenue from that because it is not traceable.

So in a governments aim to control our money it will leave a big opening for bitcoin and other decentralised crypto to exist along with fiat and will allow people to "trade" anonymously with each other over a completely independent infrastructure.

What is the use of all the blockchain in different countries of the world depends on Bitcoin? Except for Bitcoin, it is difficult or impossible to succeed in the blockchain.

We found that most of the blockchains were accepted by Bitcoin.
Expect your exact reasoning.

Everywhere you can find cryptocurrency topic especially ICO projects are doing well on the marketing through social media like facebook, twitter, reddit, linked, youtube and etc. Celebrities, influential individuals and high ranking government officials are talking about cryptocurrency and that is why i think cryptocurrency is a trending topic all over the world. Do you agree with me? Even haters help cryptocurrency to be known all over the world so let just leave the haters then.

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Bitcoin has experienced the same thing as many other coins have. However, it is certainly true that Bitcoin is not dead because of some following reasons:

- More people are using Bitcoin
Metrics gauging Bitcoin users and usage all point to a continuous uptrend, albeit with peaks and alleys along the way, just like with any new technology. First, transaction volume per day is probably the most straighforward metric, which is the most important index. Admittedly, the recent drop in volume is significant. However, part of this could be due to the increasing practice of transaction batching, which lowers overall volume.

- Bitcoin will not die although it has fallen to approximately $ 6.000
Although the number of current wallets and addresses is not relevant to the number of users worldwide (because most electronic wallets now consistently generate new addresses and one user can have multiple accounts), it still draws a general picture of the increasing popularity.
Blockchain, one of the most popular Bitcoin wallets, has had a rapid increase in new accounts, with nearly 24 million accounts at the time of writing. In addition, one of the most popular Bitcoin exchanges in the world, Coinbase, has recently reached 20 million users among 35 countries.
With these figures, the number of Bitcoin users is expected to reach 200 million by 2024, according to RT reports.

- The problem of scalability is being resolved well
As Bitcoin experienced a surge in new interest and users, the network became congested, leading to a spike in transaction costs at the end of last year. The adoption of SegWit, a block-weight optimization solution, has not only eased some of the costs for now, but also opened the door for developers to work on layer-two scaling projects.
Specifically, the Lightning Network, as well as other optimizations in the pipeline, such as Confidential Transactions, Bulletproofs is designed to make transactions in Bitcoin and other cryptocurrencies more private and secure, or other optimizations, such as Schnorr Signatures, are expected to make Bitcoin transactions cheaper, faster, and more private in the not-too-distant future

- Hash rate is recorded high
The Bitcoin network hash rate has been constantly climbing to the current record highs. Hash rate is the amount of computing power Bitcoin is using. The current rate is at around 25 million TH/s – a massive amount of computing power. In fact, the computing power required to successfully attack the Bitcoin network doesn’t even exist, making it the most secure and immutable peer-to-peer cryptocurrency network in the world.

It is obviously true that “Bitcoin has achieved a level of computing that no single nation state can overthrow it through computation alone,”.

#Bitcoin
#Rothscoin

according to different observation i think few ways are available for abusing bitcoins transections such as Technical weakness , Greedy peoples ro dishonest people , proper management. i would like to describe above mentioned quotatin in briefly
1. technical weakness: we know its a peer to peer transection system throgh confirmed way. within a few second a dishonest  person can get more money by fast  clicking when submit second payment of different recipient.
2. proper management: there is so many lack of proper management of human or account holders. so many hackers want to hack system for getting money because bitcoins holder don't have any insurance like bank account holders. even government don't follow rules and regulation for virtual currency holders.
So what you think about it ?

Indian exchanges have announced that no crypto-fiat exchanges will be allowed till further RBI notice.So now the future of Crypto in india is in dilemma.

Now a days business and product is for all. Every country exchange their core product with other countries to meet theit demand. What you think Is cryptocurrency help to expand the world business?

There are several tax options today, and all of them can be applied to crypto-currencies, depending on how the latter are defined in the state. Most often, the following taxes are introduced:

• Value Added Tax (VAT). It can be levied by trade operations made with the help of crypto currency as a means of payment, as well as currency exchange. Basically - the exchange of crypto currency for fiat money, but in theory VAT can be levied on the exchange of crypto currency between each other. It operates mainly in those countries where crypto-currencies are recognized as a payment instrument, for example, in Japan. When buying goods and services for cryptocurrensies, VAT will also have to be paid to the residents of the UK, but they can exchange the crypto-currencies for fiat without paying VAT.
• Tax on goods and services. A kind of analogue of VAT for those countries that have recognized crypto-currencies are not a means of payment, but a commodity. Acts on the same principle as VAT. Only in the case of VAT, the taxpayer is in fact a buyer, and in the case of a tax on goods and services, a supplier of goods and services, in this case a holder of a crypto currency. He has been working in Singapore for several years. At the beginning of this year, a similar system was adopted by Israel with respect to the mining, which was equated with the production of goods.
• Personal income tax. Personal incomes in crypto-currencies are taxed, for example, the salary paid by the employer in bitcoins. Implemented, for example, in the US.
• Profits tax. They are subject to any companies that make a profit. Also, they are subject to profits earned as a result of trading on the exchange and the performance of other currency transactions. In the cryptosphere, this system is used specifically to tax the crypto traders and various crypto-currency organizations (from the exchange of crypto-currencies to the pools for mining). Mining may also be subject to profit tax. In the US, for example, take into account the profit from crypto-activity in the tax declaration will have to be traders and miners, and all people who somehow earn on crypto-currencies as a result of speculation. The same tax is levied on all crypto-currency transactions made by legal entities in Australia and Japan.
• Capital gains tax. They are subject to income of individuals and legal entities obtained as a result of investing in shares, bonds, securities, valuable assets and so on. In the cryptosphere, it starts acting as soon as the crypto-currencies are equated to valuable assets. Not only investors fall in, but all holders are also crypto currency. This system is implemented in the US, where it matters how long the holders of crypto currency keep them and in what quantity. He also works in Australia, Brazil, Canada and in many EU countries - Bulgaria, Finland, Germany, Spain and others.
• Property tax. For the cryptosphere, it becomes important when the crypto-currencies are recognized as property, a valuable asset that is owned. As soon as such an amendment is made, the holder of the crypto currency is required to notify the tax service of all transactions concluded with this asset. Such an amendment was introduced in the US tax legislation, where the crypto-currencies in this case are presented as a valuable asset, and in Australia, where they are recognized as property.

What do you think about the taxation of cryptocurrencies? Which model fits best?

So we all know BTC drops when people sell their coins... but the peaking is purely because of investments...

The mall in S.Korea that started accepting BTC as of this month played a massive roll in BTC's growth. Obviously this is because BTC's awareness is growing!

Surely there are ways to bring the awareness of cryto to the population.

Are there any other 'blow ups' of crypto that you have heard of? Similar to the mall...
What are you doing to spread the awareness?

The oil price is going up and many people expect it will go above 100 USD per barrel,or even 120 USD per barrel.How this will impact the world economy and the cryptocurrency prices?
I have many own theory about this and I will share it later,but know I'm waiting for other opinions.
Is this good or is it bad for bitcoin?

The scammers and crooks finally won! Congratulations because even your fiat will be near worthless at some point too! The economic freedom of the people is once again destroyed by the animalia raised by bad handlers.

To the "Lending" companies (hey man, do you think I can get my money back soon), I salute you.

To Bitmain and "the plan", I salute you.

To Wall Street who always knows my future, I salute you.

To the newbie crypto-millionaires, who only like the part about making easy money, I salute you.

To the lower middle-class who borrowed all the equity in their homes to buy crypto and told everyone about it, I salute you.

To the SEC who will wait until every crypto is worthless to go after anyone, I salute you.

To the old school crypto nerds, who cashed out in 2017 when they saw what was coming, great job!


I still remember the days when getting anything over a 1% yield on a bank account was something to brag about.

One day I will tell my grand kids about the time in 2017 when everyone except politicians were happy and it was a joy to work at any job because you had real money that actually could make you more real money. Time to find the next bubble...

Bitcoin/Coins.ph are so many way to make our life easier specially for OFW.
*They can use it to remit a money for their family in Philippines in a very convenient.
*Bitcoin is also way to earn extra money by using earning some satoshi or faucet.
 Please share more on how bitcoin can help.

Note: If you like my topics/threads and posts give me "+merits". See on the right side of each post (top right corner) there is "+Merits"

It is said now China is a cashless society. Use of debit and credit cards in shops/stores, online pay bills, shopping online.

Money earned from the internet is known as digital/electronic money. People who earn money from the internet, they get paid money in electronic form by payment processors such as skrill, perfectmoney, alipay, paypal, bank-wire transfers because online workers are worldwide.

Last month, I got $20 from online surveys. The money was sent to my bank account via online payment processor. Now if I buy 2 shirts using debit cards at offline or online stores, there is no cash involved but I have 2 shirts.

Just like Bitcoin which does not have a physical presence, money/cash will not have physical presence in "cashless society/countries" where money becomes digital/numbers.

Bitcoin is a part of digital money. How is digital money is your country ??

I see the whole thing that has been going on all year with the price of bitcoin, and how it was from way back when it started.

And I have to wonder, when will it end?  Will it keep going up and up, will it level off, or will it just one day suddenly crash and burn like HilLIARy Clinton on election day 11/8/16?

What sets the price?  How do we determine the price?  As near as I can tell, we get our belief of price from the exchanges.  The exchanges say a btc was worth 3000 last month, 5000 last week, 7000 today, etc, and we all just blindly go along with it and base our transactions off of that.  That's how many US Dollars you can get for a bitcoin, and really, what else matters?  Btc could be a million dollars or ONE DOLLAR tomorrow, and everyone would just be going "well, that's the exchange price".  And if that's the amount of money you can convert your bitcoins to dollars for, then that is it.  The exchange won't give you more.  A private buyer you meet in person won't give you more.

With institutional money, bitcoin futures, and hedge funds starting to invest in bitcoin, I think that'll bring more stability and a future to high bitcoin prices.  But we are still dealing with an intangible asset that exists only in computers, so there's no real reason to support these high prices other than "Well, that's what you can buy them for on the exchanges".  Or "That's what the futures market / hedge fund prices them at".  It is BELIEF of the price, and nothing else.  At least with a bar of gold, you can do something with it, no matter what its price is.

Will btc be around for a long time at big money, or will they be the Beanie Babies of 2018?

Will Antminer S9's still be sold on ebay for over $3000 by greedy bastards who were able to place large orders with Bitmain and are now simply reselling them for sheer profit?  Or will used S9's be going for $300 a year from now?

It seems that most of you don't remember me, or were not here in 2013 / 2014.  I repeatedly warned people over and over not to buy ASICs based on the btc price at the time.  And I was 100% correct in my assertions.  And even in 2015 - 2016, I was still correct that ASICs were a bad investment.  It was only with the huge rise in bitcoin prices this year that significant profits could finally be made, but where and when will it end?  Banks are beginning to understand the concept of the blockchain and how it can make their transactions more secure, but that means nothing for the price of bitcoin or any other coin.  Banks don't need any coin to be successful to implement the blockchain idea in their own transaction histories.

People say that bitcoin can replace cash.  Well, I wouldn't go that far.  I see bitcoin as a way to get more money, more US Dollars.  True, a piece of paper may not have much other than the US government backing it, but that's better than a group of coin exchanges, mostly based in other countries saying what my coins are worth.  Gemini is the only licensed, regulated, US based exchange that I would trust.

So what's in store for bitcoin prices in 2018?  And the question that should be placed above all others is, "How much money can I (and I mean ME, not you) get out of bitcoin?".

Hey guys,  i need some suggestions and opinions about this.

How can the government discover I own BTC, let's say I'm from Venezuela where crypto is banned, what they can do to discover and arrest me?