Bitcoin and blockchain technology is knowledge based and so it's no doubt going to be a puzzle for very young people and most elderly people are of the idea that, it is past their time and information technology seems to be cruising at an intimidating rate that catching seems almost impossible.

What should one expect, when a good number of people in some part of the world are living on less than $1 a day! No doubts those would rather step on computers and jump at food, it's such an odd world!

Fiats they can see and touch and the idea that cryptocurrencies are "zeros and one" representing money can be scary to people not well informed or people not open to new ideas.

Same as 2. above, inequalities exist everywhere and life is some struggle.

Same as 3., the internet is synonymous with fraud and for good reason, most people remain skeptical of online transactions. Who do they go to, should something go wrong?

It stands to reason to expect a drop in price as August 1st approach, as a number of persons would like sell off their coins, which in turn would bring about some drop in price. However, the low price would be short lived and there is possibility price would recover with a spike and re-entering might turn out more expensive.

I think people should learn to manage risks instead of running for cover, because it has been proven overtime that (calculated) risk taking, is one of the keys to success.

Payment for 19 - 25th June received, thanks Ethan-nx and the management at YoloDice!

So there is now an improvement? How were the miners able to accomplish that given that none of the scaling agreements have been implemented yet? Couple of days back 2 transactions I made took 120k and 60k Satoshi to confirm within the next block! Isn't there a possibility the network was deliberately flooded to push the agenda of miner forward?

In the event that Bitcoin be destroyed (which is unlikely,) let it be known to the clogs in Bitcoin's wheel of progress, that it would be a tall order to have any other coin to gain even half the acceptance that Bitcoin already enjoys and of course that would translate to lesser profit for the profiteers.

For Paypal I know it can be quite risky, but I have an account with Webmoney that have spanned over 3 years and there have not been any uncommon issue. Op did not say if his account has any form of verification or if he has exceeded the limit of the passport he has. WebMoney is legit.

I didn't get to see how to pay with Bitcoin at Overstock, have anyone actually paid for something at Overstock with Bitcoin? Had to join in signing the petition for Amazon to adopt Bitcoin and Litecoin, because they're good representatives of cryptocurrency, which is the future of money. Hoping they end up honoring the petition to pave way for more people across the globe to order for goods without stress!

Hi time people realized all that are carrots before donkeys America uses to remain ahead of other countries and it doesn't solve anything. What these developing countries actually need is not handout from wealth their foreign reserves stacked in dollars obviously generates for America. It is little wonder why Russia and China are now fighting hard to disrupt petrodollar! I sincerely think Bitcoin is a better  choice for foreign reserve only it is still very volatile.

So you're invariably saying the high fees is as a result of the increase in value of Bitcoin? But one of the highlights and attractions of Bitcoin used to be its very low fees compared to the rip-offs associated with fiat payment systems. What then becomes of micro transactions or should  Bitcoin become elitist so only the rich continues to enjoy the best things of life? I think not so, because Bitcoin represents freedom.

It is rather unfortunate that a good number of fellow bitcoiners here are groping in the dark out of sheer laziness or insatiable greed for more coins that takes their eyes off things going on around them but I used to hear that a man's heart is always where his treasure is.

Come August 1st, the Bitcoin network is scheduled for a soft fork and not a hard fork. The proposed hard fork is slated to come up 6 months later, until then there won't be any split of the Bitcoin network if at all there would be one!

Essentially the soft fork will start to ease one or two of the issues affecting the network. Is it a time to run for cover? Would you rather join the panic party and dispose off your coins only to pay more for them after August 1st? Life is full of choices - becoming wealthy is one, so also is penury.

The boy was destined to be a million that is simply the reason age, dropping out of college, greed for cash and sweet tooth could not get him down. He could have as well sell off the coins after a while, but holding on to it, once more proves to be wisdom. While we applaud him, the lesson to take home is that more opportunities for life changing stories still abound and our action or inaction can be the decider.

The Bitcoin network has been battling with blocksize scaling and now a date is in view for a seeming solution - what does it suggest to a bitcoiner   For me it is buy and buy before that date and hodl.

Monopoly of any type is anti-social and with country like China, it can get even worse. It bears good tidings for Bitcoin and the entire cryptocurrency world to have other major players in Asia besides, China and we shall likely be seeing less maddening volatility and indirect market manipulations by the government through the exchanges they now control because Asia volume is now split.

First op needs to be put through that 2 distinct activities with 2 distinct dates are involved in the Bitcoin Scaling Agreement. First is that come August 1st, a soft fork (segwit) would take place and one does not necessarily have to do anything, because segwit is backwards compatible to almost all wallets. Six months later comes the hard fork, which is much of what op is asking to know. As he must have read, that would entail a change in code base and the nodes shall be required to upgrade their software to be compatible. That is when where your coins are, becomes an issue.  

That's more reason we have to feel the pulse of Albert Einstein here through his words, “The world will not be destroyed by those who do evil, but by those who watch them without doing anything.”  When unfriendly friends of Bitcoin go about spreading misleading information, we don't have to keep quiet or simply look the other, Bitcoin has simply become a part of the rest of our lives, so it matters a lot.

Right now, there is a consensus among developers, businesses, miners and users that Bitcoin scaling issues needs urgent resolution and though Core Developers have not fully shown support for segwit2x, yet segwit2x really means a first leg of segwit and then a second leg for 2 MB blocksize hard fork 6 months later and which is the bone of contention.

In summarize, segwit has been agreed upon and the agents of FUD are going to avail most of us the opportunity we missed back in 2009 and 2014 to purchase tickets for a lunar trip as very reduced rates. Come-on bitcoiners, don't be distracted by the noise, in between now and July 31st is the time of your lives, buy all the financial freedom you want or consolidate on your already freedom, by the time we get to next leg of segwit2x, we shall think about it.

That was back in the days, but times have changed now and you would be needing so much more now to start similar business. At any rate, 10BTC is a significant amount for a number of businesses anywhere in the world and if well managed, can become the seed that grows into some huge amount suitable for the main business one may have in mind. Like the saying goes, "Dream big, start small."

It can work if we take a cue from the leverage Purse.io brought to play at Amazon, the hard part would be finding a Korean escrow and am thinking a thorough job through google for Korean Bitcoin community can come handy - just my opinion, because the internet is aflow with scammers and fraudsters.

As the August deadline draws near panic selling can be expected, so price is likely to be lower towards end of July (keep a tab on the news.) So that could a better time to buy and in case you're also overwhelmed by FUD, you can play safe by buying $7500 worth and holding off till the bubble settles, that way you don't lose out completely.

It is worth noting that nothing venture, nothing gain. Those afraid of setting sail, always remain where they were.

Going by the precedence of even supposed healthy exchanges in the past, the rule of the thumb has become to not resign your fate to one exchange. Diversifying your fund across the seemingly strong and stable ones, can turn out the best business decisions as even if they don't go the way of MtGox, a whole lot of issues, like ddos attack can hinder one from accessing his fund when needed.

Whenever you are trading with small amounts, endeavor to take your eyes off earning lots of profit, because that is the easiest way to lose it all. Slow and steady can however facilitate the building up of your fund though it usually demands chunks of time. I think  better be late than be no more.

It does not have to be margin trading to experience what op did as even with simple buy and hold, if you were unfortunate to have bought at a peak price and it crashed subsequently, the value of your asset can actually deteriorate badly depending on latest developments in the ecosystem. A way out is to never max out your fund with any buy or sell, be prepared for contingencies.

Chasing or hunting the price of Bitcoin would do you not much good, it might even cause you some pain. To appreciate the beauty of Bitcoin, the consensus is to buy and hold especially at a low rate. Touching the $3000 price level is only a matter of time, but surely it would, just hodl and have peace.