The main purpose of cryptocurrency is to be able to purchase anything that is available in the virtual world. Despite the easy accessibility towards different website that allows cryptocurrency as a mode of payment, there are certain hindrances we experience with regards to its shipping and customs issues here in the Philippines which is why we would rather purchase using our fiat and on websites that serves locally. Hopefully someday, the Philippine market would start accepting cryptocurrency so we can maximize and stay true to its usage.

I never thought that big occassions can also have an effect towards Bitcoin rate, davis196. It was only during the Christmas holidays when I first experience a solid dip from the rates reaching almost $20,000 and crashing as we near Christmas and New Year. Knowing the big role Asian countries play in the crypto world and how much they value occassions as such, its  surprising how it can greatly affect the market. But as the news state, there are many factors affecting the growth of Bitcoin and at this season, it can be considered a natural occurence for Bitcoin to experience a decline. We should know this as it has been proven consistent over time.

As the famous saying goes, "there's a rainbow always after the rain". It's so refreshing to see the green marks after seeing the red sea for the past few days. This is a good sign as we know that Bitcoin is on its way to its recovery. The decline of Bitcoin paved way for opportunity to buy more Bitcoin in the lowest price possible. Some people panicked as they thought it was the "bursted" stage of what they thought of as a bubble. As Bitcoin is gradually improving, we know that its recovery is nearing and maybe a potential peak sooner or later.

I couldn't agree more with audaciousbeing. Everything she said is true, it is still too early to tell that we have surpassed the decline despite seeing the green marks. We can see improvements though which is a good sign, however we should see a consistent trend (despite the volatility) over time before we can confirm the dip is finally over. Maybe we can give it a few more days. Let's keep observing and hoping for the best. In the mean time, let's maximize the opportunity and do what's best of the situation.

Yup, I do get your point jjacob. Maybe the holidays really did not affect the decline, or maybe it really did. We can never truly confirm it as there are many factors affecting its growth. It was just my opinion as I know a lot of people who would sold their Bitcoins over the holidays to buy gifts and even prepare for a celebration. Where I come from, Christmas and the New Years are always grand and people tend to be very generous at those times. Since Bitcoin cannot be used here for purchasing purposes, they would have it converted to cash in lieu of the season. Another thing is that when you speak of cryptocurrency here, Bitcoin is what always comes to mind. It's one of the most flexible and diversely known cryptocurrency which is why I guess it was the most affected one.

There's just something about the second week of January huh? Either way and for whatever reason, we should know that this is not the "bursted" state of Bitcoin if you would like to refer to it as a bubble. I stand with the many in believing that Bitcoin is not a bubble but knowing that its low rates are due to contributing factors affecting its supply and demand. As we can see although not properly sources, Bitcoin follows a trend during this time of the year. This time is also the best opportunity for people to invest more on Bitcoin for as soon as it recovers, it can multiply your investments in ways you wouldn'expect.

If you truly believe in Bitcoin, you would know the answer to this question right away and that is to hold. It is true that the rates aren't improving so if you trade it, you'll be the one at lost for you wouldn't have your money's worth. There are many factors affecting its decline, once these are resolved Bitcoin would finally recover and be back on track. Just give it some time, maybe a few more months until it can fully recover. What I can advise you now is just think of how much more you'll lose of you trade right now. It's just not worth it. Just be patient and hold on to your Bitcoin as this will be more beneficial after some time.

What you have to understand is that when dealing with Bitcoin, you are also dealing with uncertainty and volatility. I guess that's what you're pertaining to with Bitcoin being "manipulative". If this this is what you think Bitcoin is about and its handling should be done as such, then I'll respect it. Just do know that we all have our own strategies and beliefs on how we would like to trade and manage our Bitcoins.

That's true Gerrard Yang! ICOs nowadays seems to be similar with one another, they just have different strategies in selling and advertising their projects. I am so excited with EBCoin!! Traveling is what my family does often and as I noticed, we always have trouble in redeeming our tax refund as it takes a lot of processes and time which can be used for touring or bonding abroad. I had an experience where they wouldn't allow me to get my tax refund right away just because my credit card wasn't Visa. We had to be at the airport early on the day we left since the lines for the refund were extremely long. Through EBCoin this complications can be resolved and shopping abroad would be a lot easier. I am so happy I get to promote a project that I truly know lives by efficiency and transparency!

Theb has a point it's true that a situation affects a certain market however South Korea is also a contributor to the global market. What we have to take note of is that the current decline is not SOLELY based on the happenings in South Korea alone. As Theb said, the downfall of the market is due to the fact that investors are pulling out their money and as we all know Chinese New Year is a big event in Asia. As the Chinese New Year approaches, more people are preparing for this events and this may be a reason why the rates of Bitcoin are plummeting.

It is evident that some of the factors that may have lead to the decline of Bitcoin may involve the issues that's taking place in South Korea with regards to the handling of Bitcoin and maybe the upcoming Chinese New Year. Rates made a steep downfall over the past few hours from $14,000 down to $11,000. At this point, I guess we should maximize the opportunity rather than focusing on what we lost. I feel like Bitcoin will still have a lower rate of reaching about $8,000-$10,000 in value. When those rates are reached, that's when I'll buy to gain more Bitcoins so that when it recovers after some time, I will gain and even multiply the value of what I lost during the correction.

I would like to apply in your campaign, Sir! 🙂

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I am not so sure if the real reason of its decline is really the banning in South Korea, but nonetheless we've all been to the same situation and hopefully we all know how to handle this correction. It can be quite alarming since the rate range jumped from $14,000 to $11,000 but fear not. One thing we should always take note of is that Bitcoin always comes through. Just give it a little more time to recover and things will be back on track.

The first answer that came to mind when I saw the title of this thread is of course they do. I believe that everything that is owned or possesed by a certai person is well deserved because I know that somehow they were able to receive such due to their hard work. With regards to the responsibility of that person, socially and economically, they do have to be aware that they have to commit to such responsibilities. As a citizen who earns millions, you should learn how to declare what you have and pay the right taxes as this is your duty as a citizen. On the other hand, you also have a social responsibility to provide for those who are less fortunate because little do you know, it is also an obligation.

Although it defeats the purpose of cryptocurrency which should be used as it is and not sold anymore for fiat, I do believe that people would sell or have their Bitcoin converted to fiat due to the fact that the availability of outlets where Bitcoin can be used in their area is bery minimal. Here in the Philippines, the knowledge towards cryptocurrency is not yet appropriately established which is why Bitcoin does not have any value. For Bitcoin to be used to supply our needs, we need to have it converted.

I do appreciate your concern with other people being impulsive and unaware in trying new casinos but you should also take note that when gambling, you should be aware of where you're bringing your money. I guess despite the prevalence of threads about scams, people still tend to try other casinos just simply because they want a new atmosphere. They want to try their luck in other platforms and I think that's okay. If they get scammed, then it's their fault as they didn't do their part of researching and trusting right away.

I do believe that some of the people here tend to be bias toeards Bitcoin, but I do understand their part somehow. We know how much people would favor it during its high times. What they don't know is that during the peak, people tend to use Bitcoin inappropriately affecting its growth and changing its patter, to which people would not like. What's even worse is that the transaction rates are out of this world. People should understand that these situations are also a result of their actions. I guess what I  really trying to say is that people would have opinions but what matters most is what you think and how you handle your Bitcoin.

When Bitcoin reached almost $20,000, everybody was ecstatic and they felt like their investment exponentially multiplied to which the people favored the rate. I think this lead to improper usage of Bitcoin which affected its growth over time. It also raised the expectation of people which is why a rate of $14,000 does not seem to impress them any further. I think with the movement of Bitcoin over the past few days, $14,000 is good and ample. It's not too high to buy and it's not too low to affect what we have. I guess in this platform we should really just be patient and maximize the situation at hand rather than waiting for something to please us.

Payment received for the last week. Thank you so much for allowing me to join in this very successful campaign! Looking forward to working with you again in your future projects, Sir.

I love how Tschai looked into both sides of the  answers to this question, but for me the answer can be quite tricky. I really do believe that gambling is a game of chance and luck, so with that you can easily state that it cannot be profitable in the long term since chance and luck doesn't really work with assurance. I don't know how gambling can give you assured profits every time you play since you don't know the outcome of the game until you're actually playing. On the other hand, as Tschai said anything is possible so I guess if you invest your winnings through different business or investment ventures then that's how, in some way, gambling can be profitable in the long run.