I would not call it panic. It is just the game of investment. There are no other criteria for bitcoin price fluctuations (like wars, economy situations, etc.), but the big investors need some "price waves" in order to have more profit and I do believe they can start these waves if they want.

I'd say it is not so complicated, but it is scary. And there is a reason for that, because of so much fraud and scam in this field, and also because there are no guarantees nor other investment safety circuitbrakers here. On the other hand it is quite a special thing, that is not meant to be used by an old lady for buying carrots in a grocery.

For most people the expectation that bitcoin price will inevitably rise high is the only reason for buying and keeping it as a investment. It is an asset that can increase your possessions very quickly.

I think it is too strict to say it has failed. I believe it has not matured yet, but in the future it may still become a currency. Or perhaps not bitcoin, but some altcoin that has more currency oriented "profile".

If you believe in something - you tend to defend it, sometimes even if it is not very rational. Also - if you have invested in those believes - you must try to keep your investments high and you can help that by giving your opinion in forum like this.
On the other hand - the cryptcurency is a major mystery and often does not follow common sense or any known rules, that's why there is another camp that tries to prove that sooner or later everything returns to it's rational state, which in Bitcoin case is not so sunny. But so far - this camp is loosing.

They are incomparable. One of the most important aspects, that comes to my mind - Gold could be a synonym of stability, while Bitcoin is the opposite - volatility. There is one similarity though - they both could be used as currency, but de-facto - are not.

Excellent post. There should be a register of good advice like this made as a sticky post somewhere in a "valuable advice forum". Thank you!

Why not do both? Now, when the coins are rising it is ofcourse the right time for investing. But when the market goes down - look for other means to get more value.

It is becoming more and more a lottery. But you can never say that nobody wins a lottery?

If there is something you cannot conquer - you should get friends with. If China gave this market to Japan - it would lose  big investements in the future. On the other hand - they might introduce some constrains, that would make the coin more controllable and therefore - usable not only in China market.

Just as long as the Bitcoin will and even a bit more. I think it should reach the Bitcoin price eventually.

This is an interesting topic that nobody can logically explain.
Many people consider it as a scarce valuable thing like some old post stamp and if we keep on to this logic - the price can go to millions. But if one understands that it is just one of uncountable number of possible computer codes that can be written any day - it should not go very far in a long run and should get to some reasonable level eventually.

Today bitcoins can buy anything you want. If you compare whether you can buy something for gold or diamonds, you will be faced with more obstacles, because it will simply be harder for you to do this. It can be concluded that gold and diamonds are very uninteresting because they are not accepted by stores. Therefore it is more flexible to have Bitcoin than to have gold and diamonds.

Interesting, and a big discount at this moment . However I would only advice to make a free chapter or some extract for the people to see the quality of this tutorial. I would not buy it just by description as it is presented now.

Everyone is now obsessed with coinmania - "I've heard that I make a lot of money, so I have to try it." That's what everyone thinks about. In fact, I'm not sure if these people's decisions are rational. This looks more like a fire, that everybody keeps up by pouring his portion of oil.

I'd say it is more worthwhile to look at alternative virtual currencies (for example, Ethereum (although it already needs a powerful enough graphics card),  Monero, etc.) but not Bitcoin. Mining altcoins  can easily be converted to BTC or even to FIAT currency.

It may come as a snowball effect when some countries take a judgement from another country as a pattern to follow. Or it may be that a cluster of countries like EU adopt a law that is valid in all the members of that union. For example: German Federal Ministry of Finance announced that purchases of bitcoins would not be taxed, as the cryptocurrency is a legitimate payment instrument. The Office issued its decision on 27 February. In this document, the regulator relies on the Court of Justice of the European Union in 2015. And this ruling sets a precedent for all EU members.

Cryotocurrency is not a traditional asset and it tends to make very big movements up and down in a short time. That's why I believe, that your idea of selling and buying often suites here very well. There is one but - you have to check for movements rather frequently and make decision quickly.

Nice words. But why does it take so long for such a great idea to evolve into something more than a bouncing crypto gambling game? Is it wrong time? Or a not so great idea?

No doubt that Blockchain technology will become a data warehouse, used by almost all institutions. It will reduce the cost of many conventional services and increase the speed of transactions. Will government, financial and legal institutions recognize Blockchain technology? A better question would be - what happens to those who do not recognize?