Gambling is the easiest way to lose your money, you are not going to double your money and even if you have heard stories of people that did it, they never tell you how long they have been playing and the amount of money they have lost over that time frame, and even if they did in fact double their money they just got lucky, in the long term they are going to become losers if they keep betting.

Governments have too much power already and they do not seem to be content with that and want even more, bitcoin is something that gives power back to the people that is why we will see a strong opposition to it, governments need to get smaller and fulfill their initial purpose, to make people fulfill the law and to protect people from foreign threats and that is it.

Governments want to have control of their population but I think they are reaching a very dangerous level of power and if things keep going in this direction I will not be surprised if people rebel, not with violence but taking measures that do not allow a government to control them, encrypting their computers and communications to make it harder for governments to spy on their population and with the use of bitcoin they will avoid feeding the big governments that we have by denying them taxes.

China seems to be going on the opposite direction, with the banning of icos and their closer look to exchanges, it seems they are preparing the field for an outright ban on bitcoin and any cryptocurrency, I’m sorry for the Chinese citizens since any country that closes its doors to new technologies are left behind and they do not receive the benefits of it, that happened to china once and it seems that is going to happen again.

You are correct the only thing that I would add is that while bitcoin and altcoins tend to move in similar directions the speed at which they do is different, for example we saw bitcoin moving up in price but altcoins did not follow and that is why even if many altcoins kept the same price in dollars they were crashing in terms of bitcoin, however I think we are going to see altcoins moving up once again in a delayed move and then we are going to get prices similar to what we had a few months ago.

This, it is not only about the return on investment it is about absolute numbers as well, someone that invested 1 dollar in bitcoin when bitcoin reached the dollar parity now only has one bitcoin and while that is more than many members of the forum that is not a big amount, but if someone bought when bitcoin was 1000 dollars but he bought 100 BTC then it becomes a lot more difficult to keep holding thanks to the huge profits that you have in absolute terms.

Such a ban may happen but it is not going to hold any water, the real reason behind a bitcoin ban coming from the governments will come from the fact that they are very afraid of all the possible changes that bitcoin is going to bring, a disruptive technology like bitcoin is going to change the way things are done, many people that have government jobs are probably going to lose them once bitcoin becomes widely used because there is not going to be any money to pay them and bitcoin will be able to replace most of those workers thanks to the blockchain.

Right now the price is lower than that so you can take the opportunity and buy Ethereum, since you want it to buy into icos I suppose that you do not want to hold for the long term, while it is obvious that you want to maximize the amount of Ethereum that you can to get for your bitcoin I think you should not look too deeply into this, you are just wasting your energy, only watch a coin if you are going to be in for the long term.

That is a really low value, those coins have very low market caps, and unless a pump group decides to target such a coin you are most likely going to lose all your money by investing in such a project, you are better off investing in some projects that have a larger market cap but that are a lot more serious about the development of the project.

While in theory this seems correct at the same time bitcoin is showing no signs that is getting weaker, yes the bitcoin dominance has gotten lower in this year but it was impossible to maintain that bitcoin dominance for a long time since the amount of coins that has appeared and the amount of projects that have a really great concept and developers will slowly undermine bitcoin dominance but they are nowhere close to bitcoin and I do not think that is going to change anytime soon.

Yeah, look at Venezuela and Argentina, in Argentina there were a lot of devaluations and the amount of dollars that you could have was limited at some point so people began to use bitcoin to avoid that, and in Venezuela is the same, but their government has made mining illegal and I do not know if holding is an offense as well but people are willing to take the risk if that means they have money to buy food.

I think you are right, but we must not count on that, we must expect the best but we must prepared for the worst, it is obvious that governments are going to try to regulate exchanges to oblivion so we need decentralized exchanges more than ever so I hope those projects see the window of opportunity it is opening for them and take advantage of it.

Can bitcoin be replaced? Yes, is it likely? No, the only coin that is close to bitcoin is ETH, and even that coin is very far away in terms of market cap, but when it comes to actual usage there is no competition bitcoin is at the top by far and that is going to remain like that for a very long time and if bitcoin gets major adoption then it is going to be almost impossible to replace bitcoin.

I loled as well, who in their right mind is going to invest in a coin in which Paris Hilton seem to be the image of the coin, she is good at selling perfumes and stuff like that but crypto? Anyway how many people have invested in the ico is important if too many people have invested then that is not good but if too few people invested that is not good either.

This is not strange, the Chinese government has been accused of being a currency manipulator, they keep the price of their currency depressed so that does not hurt their exports to other countries, so I do not think it is weird that they have found a way to manipulate the price of bitcoin in order to benefit from it, this is something people need to learn and avoid selling when a dump like that is underway.

A bitcoin ATM will be great, there is not a single one in my country if a single ATM was put in my country and it was in my city that will be a game changer to me because it will give to me an easy way to withdraw my bitcoins to cash without having to go through centralized exchanges or through localbitcoins buyers, I do not know how good the rates could be but I suppose it will be better than the rates people give to me.

At this moment that will be a bad idea, bitcoin is great but there are still many things that need to be resolved before a country is going to adopt bitcoin as their national currency, the two most important are will the lighting network be activated anytime soon? And the second is if there is going to be another fork in November? There may be more but those two are the most important issues.

The national economy of each country is made of individuals so while an individual getting rich may not seem like a great help to the economy the truth is that is good for it, even if the big indicators are not going to move an inch because of that, if enough individuals went through the same then the economy as a while of the country will improve, besides when you spend money you stimulate your economy because every dollar that you spend and that you got from bitcoin is a dollar that is entering the economy for the first time.

No one knows for sure but there are indicators that suggest that you should no longer buy, and when an all time high is reached the indicators are there, but people decide to ignore them because they think the price is going to keep skyrocketing until it does not, anyway ETH is going to change to Proof of Stake in the future maybe that will make the price go higher if people agree with that change.

That is just an excuse, they will try to say that it is for your own good when the only reason they are doing this is to protect themselves and to avoid losing their grip on the population, that is why the Chinese were investing in bitcoin, altcoins and icos in the first place since it allowed them to get a way from that iron fist control they experiment everyday in their lives.