https://bitcoinmagazine.com/articles/south-korean-supreme-court-rules-bitcoin-asset/

 I read about this news that in south korea bitcoin is legally become recognizeable as asset. I do think bitcoin is a currency and not an asset. I dont know whether this is good news or not for cryptocurrency. One thing i believe with legalization from goverment i do think more investors will come to invest in bitcoin, but i think if bitcoin become an asset its not as it suppose to because i believe bitcoin should be a currency which is currency is for transaction and asset is not for transaction.

The development since late December shows very clearly what is happening.

The whales - and anyone else with half a financial brain - are slowly selling all their bitcoin. As they sell, prices begin to drop sharply. They then hold back on the selling and newbies and "HODL'ers" are foolish enough to "buy the dip". This sends the price back up.

It then repeats with rates dropping again, until the newbies and "HODL'ers" buy the dip once more.

Except on every round the dip gets deeper and deeper.

The game is over, and anyone so stupendously stupid to keep buying from the whales who are unloading are basically just throwing their money away.

Face up to reality, the party is over.

I just want to know how those people behind bitcoin secure the money they will invest because as far as I know there are lots of hackers all over the world.

I do no longer see some thing incorrect in promoting bitcoin,we are unfastened to decide whilst to preserve our investments
We maintain the important thing for our success though we are all saying that we need to hodl our coins however there are investor pick to have short time period investments.they're the humans who've tons less endurance,within the occasion that they promote inside the sense that it's miles truly desired for emergency purposes and now not approximately Fuds or fee votality that is very large.we all favored right right here to earnings and if someone choose to promote their cash then they are the simplest accountable of their actions and as tgey take danger on making an funding they probable understand the approach even as to profits. 

Is there a way to determine the number of people who are actually using Bitcoin till date? Who would have access to such information? Meaning a way to find out, how many new people have used Bitcoin in 2016 , so that we can say exponential growth is natural not artificially created by hoarders.

Bitcoin is indeed risky. But bank investments are risky too. In our country (coz I'm not sure if this exist in other countries). When you have a large amount on your account they will call you and ask you if you want to invest, minimum of 20,000 Php (or 400 USD). They will propose some investment plans where there is a choice of low, medium, or high risk investment. When you choose the high risk there is a chance to lose or gain 100% of your investment (Medium is 75% and low is 50% if I remember it right). It doesn't make sense to me, it sounds like a scam, they will invest using your money and you don't have any control to it. That is why I like bitcoin more, coz Though it is risky and it's very volatile, you have full control on your investment.

What do you guys think?

Do you think that Bitcoin has become too slow to compete with the relatively quick alt coins out there? Is it realty competitive to have a slow community rather than a centralised decision making in development?

In other words, does the community effect of decentralisation enough to counterbalance the difficult decision making processes?

I can clearly see that there are other cryptocurrencies that are beginning to dethrone bitcoin, showing off there quick and secured transactions, though bitcoin continues to be the king. What does bitcoin need to improve state your opinions.

With Eid just around the corner across the globe...

Are mulims in crypto space selling and taking their money out from crypto space to buy gifts for their loved ones causing market down?

I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !

BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?

People nowadays used to hold bitcoin instead than to circulate it, how may if affect in the stock or volume of the bitcoins?

There was a news about getting job in cryptocurrency . If you can not make enough money in different cryptocurrency and you think it can not fit your daily income.
Maybe you end up getting an actual job especially for those who have a family that depends on them.
I read about this news about Cryptoconomy offers a job opportunities with no qualifications necessary.
Try to look at this news   if you want.

https://news.bitcoin.com/how-to-get-a-cryptocurrency-job/?utm_source=Bitcoin.com+Subscribers&utm_campaign=7e9d8e50e8-Daily+Newsletter&utm_medium=email&utm_term=0_ea978414cb-7e9d8e50e8-216294061&goal=0_ea978414cb-7e9d8e50e8-216294061&mc_cid=7e9d8e50e8&mc_eid=96ac46ed19

But there is a question in my mind. What if you dont have enough skills and knowledge about cryptocurrency. And i am one of them..

In the UK, theirs a store called CEX where you can buy second hand dvds, computer games, consoles etc. CEX is in all the main towns and cities and is very popular, been around nearly 20 years now. Any way i noticed on their website that you can pay with bitcoin, on their website.
"Payments - To buy any product from Webuy.com you must make payment using a valid UK credit or debit card, PayPal account, Bitcoin or CeX voucher."
I've heard rumors you can buy gold, property and even sports cars directly with bitcoins. Obviously there are loads of scammers these days, does anyone know of any such legitimate companies and what products you can currently buy?

Hi, I am a noob to all this bitcoin stuffs. It sounds like an interesting idea but before I invest too much into it I have
some questions and concerns. Perhaps highest on my list of concerns is the possibility that someone will buy up all,
or most, of all the bitcoins that exist.

Will it be just like the existing economic system where the rich get richer on the backs of the poor?
Will that not destroy the whole bitcoin project and make whatever bitcoins I happen to get myself worthless?

I have read a few things on this kinda stuff and some of it sounds pretty scary. I don't know how much of it
is FUD or how feasible any of it is at all at all.  

Please help me understand and ease my mind in regard to this issue.


Thank you

I have seen some news regarding hackers, terrorists, and other criminals using bitcoin for illegal trades.
How the police can find about these transactions?
Even if is hard to track illegal transactions, I don't think that Bitcoin can be a danger to society, since the problem is the society and its people.
Since the beginning of the internet this is happening ( the bad people committing crimes)  and no one is willing to shutdown internet because of that, so in that matters Bitcoin should be equivalent. I think those illegal transaction are one of the reasons some governments and the media are trying to depreciate bitcoin, but the problem is not Crypto/blockchain or Bitcoin, is just the society.

I would like to know if cryptocurrency will replace fiat money in the future,  also if so how long it will likely take.  Also,  I would like to know which coin you think would take over if one will.  (E.G. Dogecoin,  BTG, LTC, XMR)

If people buy Bitcoin at $8,000, they will get 100% profit only when Bitcoin reaches $16,000. If it takes 5 years to reach $16,000, people will earn more money from Gold and Silver than from Bitcoin. Silver is giving 20% to 35% profit in one year.

Mining cost of one Bitcoin is $5,000 or more. When Bitcoin was $400 or $800 it was understandable because people had to just spend $400 or $800 to get one Bitcoin and $1,200 is super high profits when Bitcoin started from $1.

I am trying to learn and share with u guys about bitcoin. I think it is gonna help someone like me.

"Research produced by the University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin"

one more interesting knowledge is :
"The word bitcoin first occurred and was defined in the white paper that was published on 31 October 2008. It is a compound of the words bit and coin".
( The white paper frequently uses the shorter coin).

so guys you can also share good and short info about bitcoin.

I can't escape to notice that many users here on forum have terrible rebbelious fear of governments. Like government is some evil devil that will destroy Bitcoin and other cryptocurrencies. But is this realy so, do such claims have any reasonable ground at all?

To my opinion the cause for something like that is again ignorance. I think that regulation that is mentioned in many countries is often mixed with centralization which is something that is not natural to Bitcoin because it's functioning totaly different than fiat currencies. Also some warnings to people that Bitcoin is volatile and risky investment that come from national banks are often interpretated as hostile behaviour towards Bitcoin and attempts to make people not to use it.

Is there any hope that Bitcoin users and governments will find the common language and help Bitcoin together to be more accepted in economy, especialy by businesses and to become more "legal" everywhere?

Always heard that Switzerland is a great place to livve and now they are leading at this too


https://cointelegraph.com/news/switzerland-first-in-ranking-of-top-10-most-blockchain-friendly-countries-in-europe