One month has passed after you made this post. Instead of touching the $20000 mark, it is still lying around $10000 only. It was rising in between but the prices are now dropping again. If we compare the price growth of bitcoins in comparison to last year, the current situation is very depressing.

It will touch $20000 fore sure this year but still if we look at ROI, it is very bad in comparison to past months. We had seen growth like 2500% or more in one year and this time we will see maximum 100% growth.

It may happen in future but it will take a lot of time. I think that I will not be able to see this in my life but my children will be using crypto in daily life.

Regarding my country developing its own coin, this is also not going to happen. Here the people making decisions (politicians) are not much educated. hey also do not care much about people getting benefited by crypto investments. They mainly care for vote bank and decisions are based on announcing freebies and relaxations at time of election.

This is one mistake that most of the new investors do. They are making investment decisions based on emotions and do not apply logic. People think that everyone is just making only profits with bitcoins. Reality is that a lot of people make loss as well, it is just that we do not see them sharing their experiences here.

After a member invests his money and he sees that prices drop as well, he realizes the mistake. It is thus advises to start with small amount and thus seeling your house or land for bitcoin investment for initial investment is not wise at all.

1) I agree that rich people are greedy. I have sen a lot of rich people exploiting their workers and I will not like to take that route to become rich.
2) That is obvious but if they are paying well, it is fine.   Not all people are capable of doing own business and thus they choose jobs.
3) Having a lot of money is indeed a question of luck many times.
4) This is something a person understands only  by experience.   I have seen families getting ruined due to huge debts.

I remember reading a post here on this forum with an image where the beggar was asking for money in bitcoins so some are already accessing bitcoins. In my country most of the beggars do not have access to smartphones and internet and thus they will not be able to use bitcoins ever. They also do not have any extra savings and can hardly arrange food for two times a day. Some of the beggars though (in rich cities) have accumulated a lot of wealth by begging. I am sure they must be investing some of that money in bitcoins but their children must be helping them with this.

Regarding lack of merits to give, one option to increase the merits in circulation is by increasing the number of merit sources. Now the admin is already doing so and he might be finding it hard to find more responsible and honest members for this task. This roles comes with a lot of power and should not go in wrong hands. I think better solution is increasing the number of merits allotted to each merit source. They should have plenty of merits to give to members.


With current stats and rules, only thing we can do is that make some good posts and then expect merits. This will also give us Smerits which we can give to others.

You are a good example of members who do not still care about the merit system. You do not even bother to complete your sentence while posting a response here. I checked some of your old posts and all of them have the same issue. It is hard to say whether you forget about putting a full stop after the sentence or are using some kind of bot to make these responses. Please do not post here if you are not making any sense as it completely ruins the whole thread. If you make just one complete post next time that makes some sense, I shall be thankful.

Why is it required to do coding change to the forum to implement this. I mean the admin cannot just make it compulsory with an announcement for all campaign mangers to accept members only with certain number of merits as per the rank.

And those alt accounts being painted red, was it the purpose of merit system ? Was the admin aware of the fact that some people will try to cheat the system and start giving merits to their alt accounts. Admin must be laughing hard if this was intentional on his part but I never expected senior members to make it so obvious by sending merits like 50 or so to a single post.

You seem to be having a lot of doubts regarding the success of the merit system. Just go through the posts in this thread itself and you will find a lot of amazing replies added here by new members as well. This itself speaks whether the merit system has helped the forum  or not.

Regarding the moderators taking care of merit system, that is not required. In fact, merit system is implemented in such a fashion that the work of moderators is being performed by the members here. All the members are goign through posts of other members and meriting them if they deserve so.

Any member who is serious enough with the account he is creating here should spend enough time learning the rules first. There can be options added like making the users read all the rules at the time of sign up but people just click " I have read all the rules"  and thus it will not be effective.

It is hard to distinguish between members breaking rules because they were new or unaware of the rules and ones who are doing this intentionally for some benefit. We may create a requirement for members to make an introduction here before posting anything and there others can suggest him the links to rules.

Yes, he has said that in a recent post. At the time when he was asking for suggestions regarding how to remove spam from the forum, he ruled out the option of removing signature campaigns completely. Later merit system was implemented and members started complaining that it is not working. He said that he might have to remove signature campigns if merit system fails to fight against spam.




This is actually what I meant and you expressed it better than I would have. I am in no way against merit system, I wanted to make the point here that a lot of members are still adding shit posts and they do not care about merit system. How is spam removed then ?

Why you want relaxation for this particular income. I see  it nothing different from other types of income and thus it should be taxed as well. There is only one difference that any government is not spending anything on the development or promotion of bitcoins and thus it might appear illogical to some people that they are taking tax for this income. But the problem is that if there is relaxation for a particular income source, all people will start keeping all money there. This also applies to big companies and they will start charging in bitcoins to save tax.

This question has no definite answer in my opinion. Because you have not defined the high limits. You are asking that will bitcoins be able to cross all time high. Which all time high are you talking about ? If you are talking till today, it will certainly cross the $20000 mark in future, you will be able to see that before May 2018.

Regarding more investors, I think we should now look for ways to promote bitcoins in developing countries as they have a lot of people who can be interested in this. I have seen that a lot of people in my country  are always looking for opportunities to make some extra cash, bitcoin investment can be a good option for them.

It is fine to teach your brothers, sisters or elder members about bitcoins but what is the use of teaching it to children below 10. They do not have any money to invest in bitcoins and they will not even show much interest in this. I talked about ATM and all to a small kid and used to give me some silly suggestions regarding how we can get unlimited cash from it to buy candies. After 10-15 years, when they start earning and have some savings to invest, there may be another investment opportunity way better than bitcoins. Thus, in my opinion, it is not practical to teach children below 10 years about bitcoins.

How can you make conclusion that only few people are investing thorough bounty. Here is why there are doing bounties:

1) Many of the bounties are giving their own coins and it is kind of free for them. If some people start showing interest in their project because of this, it increase the value of the coins and this is profitable for everyone.

2) You should not forget that this forum gets a lot of visitors from Google for different keywords. When these visitors see the signature of that ICO, they may buy some coins. This number can be huge depending on the number of participants enrolled and the length of the campaign.

You gave some good tips for investing in ICOs. I do not invest in ICOs mainly because:

1) There are so many ICOs being launched everyday and all claim to be the best. Many are using false marketing techniques to attract more investors. I can research about each ICO and then invest but it will take a lot of time to find good ones. End result might not be worth the time invested for this.

2) These ICOs can give better returns than bitcoins but they are also more riskier. Chances of loosing money there are more and I prefer to go with an investment option that has provide itself for some years.

I picked top 4 posts in bitcoin discussions and here is the last response made in those threads:





Was this the purpose of Merit system ? Note that these are not newbies making these posts.

There are websites dedicated for this purpose like blockchain.info

As per the current stats, it is still unconfirmed https://blockchain.info/tx/62e9b45ae8789189d2bfca5b615aee356bf7ca99bce9d166b87d1e2fa42e9836

And you are trying to send 1 BTC by paying a fee of $0.29 , I think this will take a lot of time. Better see the current fees required for fast transaction and add that much fee. You will now remain worried about the transaction till it passes through.

I do not think one should invest in more than 5-6 alt coins. Most of the people are investing in alt coins for diversification, they want to remain safe even if one coin collapses, But if someone obverses carefully, most of the coins show similar price fluctuation due to a negative or positive news. And the most important thing people forget while investing in multiple coins is the time required to mange so many coins. You will have to keep checking prices for all the coins, follow the news related to each coin and this can be very time consuming.

I think that this % will only increase. Many of the current bitcoin investors are moving to alt coins as well but we should not forget that a lot of new investors are starting with bitcoins as well. I think 90 5 of the people who are entering the crypto market are starting with bitcoin investment only. I will be happy if this dominance increases as most of the alt coins have no value or uniqueness to add. They are just having a different name and trying to create hype with marketing so as to benefit from the craze of bitcoins.