And the war is also on how to put down bitcoin. When they realize that one day btc will the future of all payment system and how powerful it might get, it only makes sense to destroy it at the early stage.

One good thing happening at this moment is that right now it's a good chance to grab the coins as such low price. People have been lamenting how they have missed the opportunity, how unfair the coin distribution was but never did they realize it's never too late. Btw, I just bought some today

Not bad.. nice video but there's certainly more he can do to elaborate on why the price swing is not necessarily negative and how it relates to future of bitcoins.

First thing first, try not to treat noobs in a mean manner. The community needs newbies and the way we give names and telling how incompetent only turns off people's attention towards bitcoin. When I talk about bitcoin, there's never a dumb question. We all start from somewhere.

If it doesn't sell right now, it doesn't mean that for the next few years to come, it is going to remain the same. Chill out. Things will change and bitcoin will be there.

Nice explanation. That makes sense on the meaning of intrinsic value where the blockchain itself holds key to everything.

No that won't stop or shutdown bitcoin network entirely. Bitcoiners can still exchange bitcoin with one another and use it for payment as long as it is among individuals. That's barely a hiccup.

But don't stay low for too long.   it's bad in terms of morale.
So now it's a good time and opportunity to buy. Let's push up demand and price.

The difference is that fiat has been in existence for as long as creation of our current banking system. Bitcoin is only around for 5 years plus. So essentially you can't compare directly between both.

I would trust all my bitcoin with this guy....

Another option is they can charge the same price applies to all customers for the product but for those paying exclusively with bitcoin, will get back some refund. That refund is equivalent to the fee charged by credit cards to the business owner. If you guys get what I mean.

Because they are waiting for the right time to buy. And millionaires don't become millionaires for no reason. They know when to seize the opportunity.

I think bitcoin can easily overcome that because it is divisible whereas fiat can't do that. Whether bitcoin is 1 million or a dollar, it's a matter whether we want to take the last eight digit into account. For fiat have to make up the shortage they will simply printing more money.

I can tell you one thing, if only the community speaks in one voice. However, so many people around have so many different opinions which make it hard to set direction for bitcoin. Fact is that is never going to happen. What we can do is keep on telling and reminding to HOLD

Fiat also experience same phenomenon. What's even worse is that if you compare with people who are absolutely bankrupt and those who held billions, what would that tell you? The gap is far wider. Fact is there will never be a fair distribution in this world.

Bitcoin offers more opportunity for development considering our percentage of adoption is still rather low. Compare that to stockmarket, how much do you expect it to increase per se? Likely if you imagine bitcoin having all the payment processor and credit card shares, what would that translate towards bitcoin price?

Basically it's a case of lack of fresh new fund going in to buy up the coins. New coins by miners or whoever will end up in the market. If there are more supply than demand, naturally seller will be more than willing to lower the selling price in order to conclude the sales. though this is the case, more likely I believe it is a case of manipulation by the big whales to cause bitcoin price to drop.

Something which I don't get is how does the transaction get written to the blockchain to be validated by the network. For example, if let's say two smartphones exchange bitcoins via NFC, then in this scenario, how does the transaction get confirmed?

I never use perfect money before. So it would be a help if you can answer this. Does it have a concept similar like paypal for example when you want to pay someone is usd, and your account has bitcoin balance, you can actually convert your bitcoin balance into usd to pay.

Yeah, you can say it's correct but credit card levy an unnecessary cost to the business owner who passes the extra cost back to the customer. Thus in effect customer is paying more for the purchase. Whereas for bitcoin, there is no additional cost, which means business owner can charge less for the purchase of the same item.

So what do ya think? Which one is better?