For altcoin trading you do not need to verify yourself when you will be sticking with some specified limits for withdrawal on daily basis (example poloniex), maximum you may need phone verification on few exchanges (example : bittrex).

But I guess almost all bitcoin/fiat exchanges are asking documents but you can avoid them by finding your local exchangers though this forum or through localbitcoins.

This is a very valid reason that you have discussed. I appreciate that you actually understand that reason due to which some government fear of the Bitcoin and ignoring it to be promoted and make steps for the legality of the BTC.

As the local currency of any country represents the strength of the particular country and with the BTC the governments can’t do this.

No, the risk and willingness to stick for full time with the profitable business are not just newer things that we are seeing only due to bitcoin ecosystem. People do switch over to new business when when they are finding satisfaction they may take decisions to stick with for full time.

The risk you are mentioning about bitcoin based business should be taken for considerations due to the fact bitcoin is newer inventions. But almost all the business even jobs are at peril to go negative in abnormal situations.

I guess embracing bitcoin related business/job for source of income must be a  good option for any country people as I do study about the opportunities, it is wider and capable of supporting for living if we are enough dedicated.

I’m not sure I’d agree with you, it seems like btc is whats driving altcoin prices, not the other way around. Take a look at any price chart over time of the stable altcoins, not just the BS ones that shoot up in value really fast and depreciate over the next couple weeks.

Long term, most of them keep rough pace with BTC. At this point, Bitcoin has become like an index fund for cryptocurrency, reasonably stable compared to its alternatives, and a good overall indicator of the whole market.

It is not that easy to release a statement regarding the volatility. As we all know that the bitcoin is one of the most risky stuff to deal with. The price fluctuations can happen any time and it constantly fluctuates but one can’t say that when are the prices going to be drop too low or rise too high. Also there are many more factors that includes in that price fluctuation. But things are much different and developed now so, we can’t say this.

Even if the alts create many more coins in quantity, it will have no great impact on the bitcoin. Bitcoin will remain the unique one. I guess ethereum being the second one with the relation of price still cannot beat the bitcoin price because of the supply difference of both of them. There are some people promoting the alt will say things without any proper research or they just manipulate the things to promote their currency.

Probably those kids are grown up now or might be busy in altering their profit booking calls or busy in moving out their bitcoins from cold storage.

But when you are finding speculation on $5000 as reasonable then why not speculation on $10k or million will not be reasonable over time. I did see those "kids" were making some sense with their speculations even they were not coming with any backing points for their statements. But when seeing their confidences on bitcoin, I decided to save more in bitcoins.

I never agreed with the term bubble because people will not buy bitcoins without believing in to its future you cannot convince thousands of traders with a fake reasons. Bitcoin getting into this much higher levels only because of some reasons and of course it would be its potentials.

I do see bitcoin will be reaching price levels like $10k in coming years and there will be no chances for any downfall at this stages. Even if it will happen, we can see price will be bouncing back very soon. Holding will be the right option imho.

When you are concerning about balance, I believe the prices are being raising for a reason like for increased demand so I think we cannot expect a progressive up surge through out the year. Traders always speculate for future prices and then the reality will follow them. I believe this what happening this time too.

I am sure, by end of this year, we might be having bitcoins value more than $5000. We cannot estimate how much demand the new investors and adopters of bitcoin will be bringing.  

Opportunities are always there in the markets but making use of them must be a very big challenging for all the traders and for day traders it would be more riskier too compared to positional traders. Positional traders are always dealing with safe heaven in my opinion as they are not bothering about daily news hours fluctuations nor panic selling kind of market sentiments too.

Manipulating market is that big crime ? I do not think it will be feasible to prove about such activity based on insider information. Traders will claim that they had made decisions on their own analysis.

Personally I feel having insider information will be quick short cut for making big profits but I am not getting any of them so far. Probably people who are in touch with devs may get those updates. Still I doubt why they need to leak out about their manipulation for free of cost.

I agree that any of the digital currency that is cheaper and that have a chance in near future to be more valued. Before you go for any cheap or whatever the currency status may be but you need to do homework on it before the investment. Even the BTC is on fire now its prices are developing and rising very fast.

I used to trade in it a few times but honestly speaking it never helped. I don’t know why it happened to me all the time either I was not a good manager of the time or could not pick the real potential stuff ?

Anyway I have traded in the shitcoin and have lost my money several times but the large amount I lost was because of the sudden dumps.

Yes in our daily life we can see that when a person is use to to gambling and visit casio on regular basis, so they remain as more confident, but I think those people who visited casino for the first time they remain as more complex and reluctant.

But after spending some time in casino and when he become used with casino and gambling then he get some confident level which make him more bold and confident.

In fact everyone know the reality but still no one ready to apply and accept it. and therefore they even making good money in gambling still continue to make more and more until they lose all their money back not only the the winning amount but even their own invested money in gambling and they laminae for what they did, and for every time they promise to themselves and for every time they break their promise.

But, by taking your business in a non-serious mood is actually the biggest damage that you are doing to your investment. It requires the same attention and motivation for progress no matter if the investment is huge or small but what counts in the end is your failure or you done with your job.

An investment in any situation is an investment it cannot be defined by its volume it will always an investment.

In fact currently people are not ready to accept their salaries in bitcoin because majority of the people do not have any idea about bitcoin and those people who have some idea about bitcoin they have the stability issue, as we can see that the price of bitcoin is not stable therefore their salary will also be effected if the will decrease or even increase, which will then create problems.

Yes absolutely right and this properly is known as planning. One should plan his budget, management of assets is a very good thing that helps you many time to avoid some harsh time and make it easy for you.
But if you have properly planned about it that what next can come to you and what steps to be taken so that both your investment and earnings can be safe from huge losses or u lose all your assets.

Probably the guy who posted this topic, had the idea of that bitcoin is much likely compared to gold because people save it for a long time and wait for the price to go up, and people who have a good amount of money have to option to turn it into gold so it could grow passively, and the only way they can store it is in the vault banks, and I think that is where the bitcoin bank comes from.

The best thing to say about making money with bitcoin is to be patient and not to fall for the greed, because most of the people who start off in the bitcoin always find difficulties earning a considerable amount and they rush toward finding faster ways to make money, so they either lose their money in gambling or they get scammed in the process, so as long as you are patient and not greedy you will be able to find legit ways that give you a good profit over time.