Please, stop saying that.

No one can grant profits for sure when it is about bitcoin. Maybe your forecasts are accurate this time but it will never be for sure.

And then, please, do you believe in bitcoin? If you do, then you must be aware that bitcoin is not only about short-term profits. t can be highly profitable, but the aim is to build a lasting currency, able to compete with fiat money. The idea is to get rid of banks and governmental control.

If you only care about your personnal, short-term profits, this will never happen. And it would be such a loss for society.

I hope you are just joking here.

Because... Well, what you are "planning" to do is just dumb. You cannot be sure of the value the bitcoin will have. You cannot be sure it will still exist within 1 year. And even though you may carefully watch the market, you may miss some revealing trends...

Selling your house is... well rather definitive as a decision. Where will you go? You understand, I guess, that even if you makehuge profits.. you will be unable to use it for daily needs, right?

If this is just a joke.. Well sorry but it is not a funny one. There are enough scams already existing to avoid trolling "for free". If this is serious.. Wel I hope you will think about it twice before doing this 

Hi,

Such events indeed affect the community. But as any other factor regarding bitcoin, there are thousands of them that you must take nto account if you want to understand each up or down in trends. So actually, this is not really important regardng only bitcoin prices.

However, I agree with you. For people who have invested, or even for those, like you, who didn't, this is a very bad signal. It weakens your confidence (even if you were not amongst the "victims") and it is never good for a developping community.

But indeed, what can we do? Creating a regulating authority would be against all bitcoin principles.
So I guess, we just have to remain both confident and aware.

Hi,

Stop screaming and if you really want to see bitcoin die... Yes, panic sell.

But please, this is not the first time something like this happens. Trends are not good for the moment, but do you think it can get any better if people start selling, at any price? In the past, when people have sold under such circumstances, after a few month, such sellers were all complaining about them being manipulated by the system.

If you can't afford to lose what you invest, you should not invest in bitcoin. And if you can, they just wait. It will be much more profitable!

Hi,

I agree with what you say. The problem is that it is also the easiest way of dealing wth your savings. For most people, bitcoin s still some shadow money, only used for illegal trades... And actually this is not completely wrong (I mean the "illegal" part).

On top of that, when you choose to buy bitcoin, you cannot be sure of what you will get by the end of the year. With fiat currencies, you know that if your investment is secured then the interest rate will be very low but at least, unless the government collapses, the investment is secured.

Understand what I say here: I don't say that bitcoin is a bad investment, I just understand people who won't bother trying and prefer keepng all their savings in the currency they use daily.

This may change as bitcoin and its use spread.

Indeed, there are trying to block btc..

Still, I highly doubt this can be enough. There are always other ways, other solutions... So maybe, it will slow down the number of exchanges but I don't think it will put an end to it.

And I guess that these are only "projects". So it should be voted before being implemented and again, I would say it is not that simple.

However, I must say that the mere fact that the Chinese government is dealing so adamantly with bitcoin must be taken seriously, as a warning sign.

Hi,

I don't think this will lead to the death of crypto-currencies... but indeed it is worrying.
It is also quite logical because many governments are aware that bitcoin (and other crypto) can be a threat to the centralized control banks currently have.

Here, the list you are giving simply shows that now they are aware they must act. Internet and technical tools are evolving faster than most regulations. So they are lagging behind, they understand it may be a problem, so they try to react.

Eventually, if transactions from fiat currency to bitcoin (and other crypto) are simply banned... Well indeed, it will become quite hard to use it. However, quite luckily this will take time. So it is up to us to anticipate this and react consequently!

Hi,

What do you mean by "too much" exactly?
If you think it is "too" low.. then just buy and wat for the price to increase

If your concern is that the bitcoin may disappear if prices get too low.. Well, would say that we are quite far from this situation. For the moment prices go up and down, following the law of offer and demand

I completely agree with what you are saying here...

Though, I would add 2 limits that may become threats if there aren't dealt with quite quickly..

1) the volatility prevents most users from thinking "bitcoin" when they want to buy a good, just because the price is so changing
2) technical limitations  are slowing down operations and are due to the big number of users... so network/nfrastructure should be developped so that everyone can make transfer at any time without any visible impact

As for people who are only looking for short-term profits... I would say it is a good way of discovering bitcoin. Most will quit quite rapidly but for those who stay, they have had a "real" vision of the community at inception!

Hi,

It depends. You say you are a novice.. Is it because you don't know what bitcoin is? Why are you on the forum?

I am not going to explain here what bitcoin is, there are dedicated threads... Still, if you are completely new, you most know basic stuff. The bitcoin is a crypto currency, that is to say a money created with the goal of becoming as powerful as traditionnal fiat money (the money made by countries). A bitcoin cannot be printed and is completely digital. If you want, you can buy some. Note that the price can highly vary from one day to another and no one can forecast it and be 100% sure (this is called volatility).

On top of that, there are many websites offering services or to invest in projects linked to the bitcoin community. Some are really interesting, some are just frauds. Again, no one can tell you that for sure such or such website is 100% sure.

Here we are. Many people are looking for huge short-term profits. Some manage to get buckets. Many just lose money. So invest what you are ready to lose and read a lot. The more you read, the more you learn.

Hi,

Actually, even without considering the "available amount" of bitcoin, mining is already unprofitable in most Western countries. Just because the price you pay for the electricity you use for mining is higher that the benefit you get from mining itself.

As for the amount of bitcoin, the question is also interesting... What will happen when it's "done"? What do you think? I can't figure out such situation even though I know it WILL happen...

There are many scams indeed...

But I would say it is part of the game. One of the goal of bitcoin is to allow people to get rid of control and large managing institutions. Well, if we want autonomy, we can't counter attack such websites.
Indeed, for newbies it can be hard to understand. It might even discourage some of them.

But again, what would you do? Who would you report to? I think the interest of bitcoin is to allow people to be responsible for their actions. You can truly decide what you want to do... Consequently, frauds is a part of it.

Hi,

Indeed, transactions are quite low. Or quite expensive if you are willing to pay more to get it done quickly. Sometimes both.

The problem here is that indeed, the blockchain is a great system but it has not be thought for so many users. I don't say that it is not suitable, I just say that for the moment the technical means are not high enough to meet the needs of all the community.

So actually, transactions should be quicker over time. But this will only happen if we raise the technical means involved!

Hi,

I think that what you observed... was just true for the moment you made your observations. USD and BTC are not linked. Of course, some fluctuations can be smilar because a large part of the bitcoin community uses dollars and trade it for bitcoin.

Still, the influence is, I think, too small to explain why curbs have been similar. But I agree with you, trying to find some explaining factors is interesting in order to better predict bitcoin rises and falls. However, don't make it too simple. One factor cannot totally explain the complete mess which is the evoluton of bitcoin rates!

Hi,

I don't think they are going to make any effort. There is indeed a competing system but it is still hard to use and sometimes impossible (you cannot buy your meals with bitcoin for the moment). So I guess that for the moment they don't really feel threatened.

Thi may change though. And still, I don't think it will change anything in terms of transparency. Bitcoin may indeed be banned, or transactins prohibited. But clearly transparency is the worst possible thing for most institutions and correspounding authorities.

Hi,

That's the whole point of cryptos! Well, maybe not only, but clearly, getting rid of banks is part of the plan.

What do you fear? Do you truly believe that banks are helping? They are making money out of money, using the accounts of millions of individuals to make profits, still charging said individual when it is a complete nonesense! When you pay your banking fees, do you really feel that you are paying for something real?

So yeah, let's get rid of banks!

Hi,

Do you think it is fair that Steve Jobs has made millions when he was mean to all his relatives and knew nothing about computers? He was just a marketing genius. And some people admire him.

Do you think it is fair that the man you stole the concept of McDonalds' had been able to completely delete the name of the true creators from all memories?

It is not. Sorry to say that but life is not fair. At least, with bitcoin, I guess that most "winners" were not behaving badly. They were just in the good place, at the right time! (and there story help to spread the word about a concept that, I think, can drastically change our society)

Hi,

Indeed, I like this idea. In fact, just like a business angel, you will completely get involved in the project on which you bet.
That can be great. At least I like this concept.

The point is that, just like many ICOs, I guess that most IBOs are just worthless after a while...

It is quite actually hard to determine which projects are gonna succeed and wth this concept, you may lose time as well as money...

Hi,

Well first good luck in becoming rich within a month. You should be aware that bitcoin holds many opportunities but it is not miraculous. Beware the offers that are too good to be true. They generally aren't.

Then, it depends on what you are plnning to buy. Of course, if it is a good that you want to be sent to your address... Well it will be possible to track the operation. But there are also many websites offering online services and intangible goods... They will ask for some banking references.. and you can be anonymous through that.

Anyway, I don't think you have really understood the point of bitcoin if your only concern is to cover your tracks to avoid taxation.

Good luck anyway!

Hi,

I think it is actually hard to determine if there is indeed a bubble... as long as it has not burst!

The analogy seems pretty accurate. If you consider the graphs, it is striking to see how it corresponds. BUT. There is one big difference with the bubble we have already experienced: this one is not relying on anything "real". What I mean is that, of course, you can grasp a tulip. You can touch a house. Even with the internet bubble, there were companies with tangible assets.

In the case of bitcoin, things are pretty different. Indeed, it has always been 100% digital. You can't print bitcoin. This "market" has never been tangible.

I'm not saying that there is not bubble. I am not saying it won't burst. I just say that the situaton itself is quite different, so maybe the economic model will be too.