Hi,

I would not bet on trading. Just because you can already have lectures about trading with traditionnal financial tools and bitcoin is not so different.

What would be interesting, though, would be to have lessons about bitcoin and other truly new technological tools, instead of lessons about "how to use Office software" when you are at school. The problem is that the subjects are designed and taught by people who are generally quite old. So they, themselves, don't really grasp the concept. Thus, they cannot really teach it!

That's why, school and law are always a step behind society. That's logical. And quite hard to change...

Hi,

I don't know much about the specific countries but I went there once. I have seen that it is a poor country, with many people struggling to make a living, day after day. I guess that in Philippines, just as in Vietnam, bitcoin is not only an interesting oportunity but a real tool helping people to get money without getting confronted to overwhelming corruption.

So indeed, it is great if the government is aware of that and ready to facilitate its use!

Well,

I guess that after the period of complete reject, banks are now obliged to face bitcoin and deal with it. They have tried to communicate about how dangerous this is, but people still have adopted it and now they see they have to really take care of it. So the most reasonnable reaction is to say that the tool is "interesting but limited and will never be able to become a currency, due to its inner characteristics".

I take it as a good sign, though. Because it shows that bitcoin matters.

I also see it as a threat. Because if large entities invest in cryptos, they will be able to manipulate rates, and nothing will change!

Hi,

If there is indeed a global crisis to come (which, sadly enough, is quite believable), bitcoin will only be a small part of the equation. For most people, the best way to ensure a living over the long term is to make savings. And indeed, giving a large part of what you earn to a private company is not the best idea ever. Though, other options are... unexisting. It is not so easy to buy gold and even harder to keep it secure. Plus, you cannot transform it easily back to fiat currency.

So the struggle is real for many people. I personnally bet on a global revolution, completely changing the world as we currently know it. So few people have so much power (and money) in their hands, I don't believe that the current system is sustainable much longer...

Bitcoin may be a first step!

Hi,

Actually, even in real life, you can create your own currency. You must define where you can use it and who can use it, and last, you have to fix a trading rate with a traditionnal currency.

With crypto, it is the same idea! So many currencies are created for specific uses. And indeed, with so many possibilities, it can be hard to understand which one has potential and which one is only used on restrained areas..

Personnally, I stick to the main ones!

Hi,

Just have a look at the number of sponsorized signatures on your thread and you will get an answer!

Hi,

No wonder that bitcoin-related businesses were happy to see the figures in December 17!

However, if I was working in one of those companies, I guess that instead of congratulating people for December, I would try to improve the model so that it remains profitable in January and following months...

Because otherwise, such companies may struggle to make their way to December 18! 

Hi,

Sorry to say that but I think that your post is quite.. meaningless. What do you mean by "good" and "bad"? We are not in a movie, there isn't such thing as the good people on one side and the bad guys on the other!

When people are placing bombs, I think they are behaving badly. And this judgement applies to terrorists in Europe and well as to the army of European countries bombing Middle East countries.

And indeed, bitcoin, as dollars, euros, and so on.. can be used fo both cautionnable and questionnable actions!

Hi,

Even though it is interesting to look at the trends and try to understand them, actual and reliable forecasts are impossible to draw...

The price volatility of the price is one of the most important characteristics of bitcoin... Some people will play with it and trade while other try to built sustainable models...

I personally think that bitcoin is much more valuable than a mere trading tool!

Hi,

I only see two potential things able to destroy bitcoin:

- a worldwide catastrophe, destroying all existing networks, including electricity and of course Internet. Thus, no more bitcoin.
- the creation of a better version of bitcoin. So actually bitcoin will not disappear but will no longer be in use and over the long term, will probably get forgotten.

Indeed, when mass media are announcing the death of bitcoin, it is quite meaningless!

Hi,

I think kids should not be left alone dealing with bitcoin. It is great if they understand what it is but they shouldn't see it as an easy source of money. Because this is not always true.

So I think we should tell kids about bitcoin, lessons about it could even be given at school. But we have to make it carefully and show them also the downsides!

Hi,

Maybe one of your 2 options will turn out to be true over the long term...

For the moment, though, prices are falling, people are panicking and many threads are announcing the death of bitcoin.

I don't believe in such statement, but my point is that it is extremely difficult to make any accurate forecast about bitcoin and its development.

Hi,

Actually, you can already use it. I had a problem once when I was abroad. The solution I found was to sell bitcoin. I had cash in exchange and could go on with my travel. Quite practical indeed!

Hi,

You are completely right. The point is that many people are only thinking about short-termism. So quite logically, they tend to quickly panick-selling!
Bitcoin is rather about long-termism and developping projects.

Hi,

Bitcoin is falling for so many reasons...

- People tend to panick selling each time there is a bad piece of news striking out. India, China, South Korea are kind of.. specialists on the matter!
- Prices always fall at the beginning of the year.
- The fall is being rather extensive because more and more governments are implementing regulations around cryptos.
- There are more and more people in the community, so more and more erratic moves.


Among others, of course. This is just a short list of the most obvious reasons coming to my mind!

I completely disagree with you on this.

I think that indeed we need to promote bitcoin, but smartly. What I mean here is that promotion should not be "you can potentially make large profits, go and invest". The promotion should go through explanations of the concept and what can be developped through technologies such as the blockchain..

So definitely, social media is not the good place for that. Ad on such websites must be short and catchy. The exact opposite of what it should be for bitcoin!

Hi,

I really hope this isn't true. Do you realize what "lifesavings" can represent? A whole life of savings, working and dealing with it on a daily basis!

So, I hope she will be able to make some profits out of it. But she should actually use it for her own needs. She should go on holidays, buy things that she wants... She has worked years and years, she deserves to enjoy now!

And YOU should be aware that investing in bitcoin is risky. You can make it for yourself, as long as you are aware of what you are doing!

Hi,

You can see it as a choice between:

- Getting potentially large amounts of money in short time. BUT you can also make deep lose. And you need to dedicate much time to it, on a daily basis.

- Getting potentially larger amounts of money over the long time. BUT you can lose everything. And you need to wait over a long period of time to get profits.

So it actually depends on what you can afford to do! Please, just keep in mind that bitcoin is not only a trading tool!

Hi,

Of course it is. In orderto buy/trade/sell/or even just talk about bitcoin on this thread, you need a computer. Your computer is made out of rare materials, coming from several continents. It has been designed and, assembled in different countries. It was shipped from one continent to another. Maybe several times. Then it was transported to a store. You bought it there (and maybe to go to the store you used a car).

This, is just about the "thing" you can touch.

But on top of that, when you are connected, you use electricity. For your screen, for Internet, maybe for some light in order to take care of your eyes. And then when you post. Or when you make any transaction. You are actually sending information through a vast network. This uses a lot of energy.

Total: yes, bitcoin is affecting environnement. Such as any other computer§relying technology.

Hi,

This is not contradictory, it is logical.

On the one side, there is the government. Let's say that they are against bitcoin, then they have to implement a legislation. And it is quite long to write regulations and even longer to truly put them into effect.

On the other side, there's a car dealer. He wants to make people talk about him? He is selling luxury cars, he has money but he wants something truly striking. Making such a promess is orginial, striking and maybe attractive.

Total: logic on both sides!