I don't think day trading is profitable and effective, especially in cryptocurrency trading. In fact, cryptocurrency's volatility makes day trading in cryptocurrency difficult and unproductive. Cryptocurrency price barely move in a day. For example, in average, bitcoin price usually move by a margin of 1% to 5% in a regular day (exemption in days when forking is happening). This means that if you invest $200 in bitcoin and do the day trading, then the possibility that you'll gain or lose a maximum of $10.

Long-term investment and trading is still the ideal thing to do in crypto-trading. The value of cryptocurrencies are expected to get more volatile especially that there are a lot of new tokens and coins created by developers.

An easy YES. If ever the government and banks have agreed upon banning bitcoin in their country, then people can't do anything but follow the order especially if there are consequences of violating that order. The government are responsible for the creation and regulation of laws and rules in their country, and its constituents, the people, should abide these.

However, as of now, I can't see any reason where the government should ban bitcoin. Some government have already regulated usage of bitcoin in their countries that's why they don't have to worry about it. There are also special agencies like NBI that watch for the illegal transactions involving bitcoin.

Bitcoin life is great. Why should they ban it? Bitcoin users and holders will get mad if ever their government or country will ban bitcoin.

I've been using cryptopia for a long time. In my first take in crypto-trading, cryptopia is the first exchange site that I use. It has great features like night mode. It is also user friendly. A newbie in crypto-trading will really love this exchange site for it is easy to use and all its features are simple and very basic that anyone can easily follow.

When it comes to mobile android app, I'll recommend you to use Free Wallet of freewallet.org which can be downloaded from the Google Play Store. It has everything you'll probably need from a wallet: user-friendly, multiple wallets in one app (BTC, ETH, LTC, and more!), and exchanger. You can even directly send a cryptocurrency to a wallet of different kind of cryptocurrency (e.g. sending ETH to BTC wallet) since it has the in-app exchanger which also offers low fee but fast transaction. This is probably one of the best (if not the best) crypto-wallet apps.

Actually, bitcoin is already accepted by the Bangkong Sentral ng Pilipinas and the government. It is being regulated by the BSP and they've already approved two companies to operate bitcoin exchanges in the country. Although bitcoin is already legalized by the government, most Filipinos are still doubtful about its potential and its usage. They even consider bitcoin as SCAM even though they don't really have any background knowledge about it.

This might be the reason why Michael L. Romero filed this resolution. Many people in the internet, especially in social media like Facebook, are trying to scam people. A lot of online paluwagan and investment schemes in Facebook accepts bitcoin, which I think is one of the reason why most Filipinos always say the bitcoin is SCAM.

Another reason why he proposed this resolution, I think, is to open the LEGAL opportunities to people to earn from bitcoin without being cheated or scammed. This will include investors and businessmen who want to build a business regarding or related to bitcoin, which will benefit the people/investors, the businessmen, and the government.

I agree with you. The best thing to do to get along with an incoming price pump is to watch out the market on a regular basis. Regular basis doesn't mean that you have to check it every hour or everyday. You should keep yourself updated with the prices of cryptocurrencies (not only bitcoin). One sign of an incoming pump in bitcoin is that when the prices of altcoins are falling. Although this is not ALWAYS accurate, a price fall in altcoins is most probably caused by the investors selling or trading their altcoins (panic sell) either to avoid a big loss or to invest to other cryptocurrencies. If the prices of the altcoins fall, there's a high chance that the price of bitcoin will rise up.

In addition to that, an incoming forking in bitcoin network can be an omen of an enormous change in its value, usually a huge increase in its value. We can observe that in the past two network forking, the price of bitcoin has pumped up in a couple of weeks before the forking took place. That's probably because of investors who bought bitcoins right before the forking to get the newly created coins (e.g. bitcoin cash and bitcoin gold).

Yeah, there is really a lot of altcoins out there today. But no one will ever know if these altcoins will be successful or not in the near future. Here are the things that I am looking at before I invest in altcoins.

1. PRICE: This is probably the first thing that we consider before investing in any altcoins. The lower the price of an altcoin, the more coins we can buy and better chance of multiplying your invested money.

2. MARKET CAP: Market cap (in the cryptocurrency language) refers to the total value of all the coins of a certain altcoin. That is, the current price of a coin of a certain altcoin multiplied by the total number of coins of that altcoin circulating in the market. This infers that if an altcoin has high market cap, there is also a high chance that its value will rise up in the course of time.

3. CIRCULATING SUPPLY: This is the total number of coins available for trading, buying, and selling in the market. The higher the circulating supply of a coin, the lower the chance for it to reach its highest price. This is actually a basic concept in economics - the Law of Supply and Demand. If there's a high supply of a certain product, the tendency is that its price will be low.

4. PRICE CHART/HISTORY: This is my personal basis. I usually look at the history/price chart of the altcoins. It is good to invest to coins with a price chart that has increasing or stable (at least at a reasonable value) trend. An altcoin that comes from low value going up to higher value, in my opinion, is a good choice.

If you are referring to ICOs as the new altcoins, then there's only one thing you should look at: the WHITEPAPER. The whitepaper of a project/ICO has everything you want and need to know about the project. This includes the purpose of the coins/tokens, the roadmap or the future plans of the project, the team, and other more details about the project.

In my opinion, litecoin is actually not underperforming today. If you look at its BTC equivalence, you might say it's underperforming, but take a look at its value in dollar. There was a point in July of 2017 where it reached an equivalent value of 0.021 BTC or $42.50 (BTC price by that time is $2000). Although the value of litecoin in terms of bitcoin has dropped from 0.021 BTC in July to 0.0095 BTC today, its value in US dollar has rised up from $42.50 in July to $54.00 today. That's because bitcoin price has rised up, which pulled up the value of litecoin in terms of US dollar.

For me, litecoin will still catch up in the near future, and will remain at top 5 best cryptocurrencies of all time.

These new cryptocurrencies resulted from bitcoin forking (Bitcoin Cash and Bitcoin Gold) is like an offspring of the split int bitcoin network. That means that the total supply of BTC, BCH, and BTG are all the same, with a count of 21M. What makes the difference? There are actually two things that makes the difference: starting price and the support/loyalty of the holders and users.

First, the starting price of these cryptocurrencies will make the difference in their market cap. As of now, bitcoin gold's value is listed at $139.00 in coinmarketcap.com, which is even way far from bitcoin cash's value which is listed at $350.00. This means that if we look at the market cap of these two, bitcoin cash is still more reliable that bitcoin gold when it comes to its potential to rise up.

Second, the support of MOST PEOPLE is in BITCOIN. That can be reflected by their price alone. Bitcoin has reached its all time high price of $6,000.00 last week. People have bought bitcoins a week or two before the forking which is probably the reason why its price has rose up to $6000. One reason behind that is to take the opportunity to get BTG equivalence of the BTC they bought. This only shows that people are still patronizing bitcoin at this time, risking their money with no assurance about the value of bitcoin.

Altcoin investment is a very good idea nowadays especially that bitcoin has left these altcoins way far behind in terms of value, although the potential of these altcoins are still high. You're right. investing in bitcoin is now not as easy as it was before because of its very high volatility and high value. My choices for long-term altcoin investment are LITECOINS, RIPPLES, WAVES, and STEEM. The prices of these altcoins are comparatively low (which is a good point when you want to buy a bunch of them). As of today, ripple is listed at $0.20, litecoin at $55.40, waves at $3.60, and STEEM at $0.99.

These altcoins also belong to top 30 altcoins with highest market cap. Ripples has a market cap of $7,840,397,540 (3rd), Litecoin has $2,971,754,613 (5th), Waves has $360,910,000  (21th), and STEEM has $243,335,874 (25th). Market cap is a good indication of the potential of an altcoin's price to grow.

You can also try some ERC20 token ICOs, although there is a higher risk in investing to new ICOs compared to altcoins already listed in most exchanges. One of the tokens that I think has a potential is POS TOKEN with a price of $1.36.

The following data are taken from coinmarketcap.com

The data you've provided isn't actually significant when it comes to bitcoin price speculation. Take note that not all 11+ billion people in 2100 will invest in bitcoin. Another thing is that the ratio between the users and the bitcoin wallets that they use is not actually 1:1 since some of these people uses multiple bitcoin wallets.

That implies that the population isn't directly proportional to the number of bitcoin users. There's a tendency that in the coming years, the number of bitcoin users will decrease even if the population grows especially that a lot of new altcoins are now available in the market. No one can really predict the price of bitcoin in the future. We should consider other factors that might affect bitcoin price in the future, and the support that it will get from the next generation.

First, let's take a look at the similarities of these two. Investing and trading are two methods of ATTEMPTING TO PROFIT from financial market. These two also requires a capital (starting money) to start with.

Now, let's discuss the differences between the two in terms of their concept in cryptocurrency. The goal of investing is to gradually build wealth over an extended period of time through the buying and holding of coins or tokens. While markets inevitably fluctuate due to cryptocurrencies' volatility, investors will ride out the downtrends with the expectation that prices will pump up immediately and some losses will be recovered. Investors are typically more concerned with market fundamentals, such as price/earnings ratios and management forecasts.

On the other hand, trading involves the more frequent buying and selling of coins or tokens with the goal of generating returns that outperform buy-and-hold investing. This is why we have what we call daytraders (buy now, trade now). Trading is also tedious and requires more effort compared to investing.

If I am to be asked, it's a big NO. Take note that these altcoins coming from bitcoin forking (Bitcoin Cash and Bitcoin Gold) are actually just a result of the UPGRADE in bitcoin network. The reasons behind forking of bitcoin network is to speed up the transactions and increase its capacity. The developers are all about the scaling issue of bitcoin network. The number of mined bitcoins is increasing everyday, and that implies that the volume of transactions everyday will increase.

Putting that into perspective, the developers are not really focusing on the future of these new cryptocurrency (Bitcoin Cash and Bitcoin Gold). They are all into improving the bitcoin network and the traffic in blockchain. Thus, for me, bitcoin gold will not actually match bitcoin's value. As of now, bitcoin gold value is listed at $139.00 in coinmarketcap.com, which is even way far from bitcoin cash's value which is listed at $350.00. People are also devoted to bitcoin which is another reason why bitcoin will remain as the no.1 cryptocurrency of all time.

People gets smarter and wiser as time passes by. With the high technologies today, it is not impossible for our generation to live in a cashless society in the coming future, although I don't agree that digital fiat (or digital local currencies) will be created. It would be better if local money/currencies and digital/cryptocurrencies co-exist (e.g. it will be easier to give a cash when you are having a peer-to-peer transaction rather than typing on your mobile phone and sending the payment to his e-wallet).

Another thing, I also don't think the point of creating digital fiat currencies since you can already trade cryptocurrency with the local currency at this time (e.g. BTC to USD, ETH to PHP, etc). There will also be no point on investing in cryptos if local currencies will be gone.

Government regulating bitcoins is actually a great news especially to a developed country like Australia. Yes, it will combat money laundering, terrorism financing, scamming, and other form of illegal transactions related to bitcoin. There's nothing to worry about this, especially for the bitcoin holders in Australia. In fact, this will help to add security for their accounts.

This move by the Australian government will give way to other governments to think about regulating bitcoin and other cryptocurrencies in their countries. Other countries, like the Philippines, have also already regulated bitcoin with the help of their national bank. Coordination of government and the banks is the best way to regulate bitcoin and cooperation from other institution will help fight illegal forms of transactions regarding bitcoin.

In the world of crpytocurrency, people usually misunderstand the context of the term TAX. They think that when we say bitcoin is taxed, the government are going to get a part of your owned BTC as a tax monthly, which is not true (and I think will not and should not happen). Bitcoin is taxable in the sense that miners are being paid in processing the transactions done by people who use bitcoin. Another way how bitcoin is taxed is that these businesses and establishments accepting bitcoin as payment are actually paying transaction fees especially when the buyer and user are using two different btc wallets.

Mining won't already be profitable at this point of time. There's a lot of miners and mining company that put up their mining businesses (I am referring to mining rigs and units, not mining pool and sites) and that will result to a fast increase in total number of available bitcoins and mined bitcoins. As of now, there are already almost 80% of all available bitcoins being mined. After all 21M bitcoins are mined, miners will just earn from transaction fees of every transactions made by bitcoin users. You should also consider that setting up a bitcoin mining sets requires a lot of time and effort, and it will also need electricity which will result to high electricity bill.

For me, buying and holding will be better since bitcoin price is continuously increasing since 2013, and is predicted to double in the next coming years. Also, there are a lot of good altcoins out there that you can buy and hold. Instead of dividing your money to use some of it in buying bitcoin mining machines/rigs/gpus/sets, I'd rather use a part of my money in buying other altcoins and the other part in buying bitcoin.

That's actually one of the reason why forking happens. The upgrade in the bitcoin network aims to improve the bitcoin itself, including the speed of transaction fees. That's why a new coin is created during bitcoin forking (e.g. bitcoin cash and the incoming bitcoin gold).

On the other hand, it's not the forking that really makes the bitcoin price pump, but the investors and traders themselves. Due to people's expectations that bitcoin forking will result to another coin that is equivalent of the bitcoin an investor is holding, these investors and traders start to sell or trade their altcoins and invest it to bitcoin weeks before the forking. That's why bitcoin price pumps up before and during bitcoin forking and falls down weeks after the forking when they start selling their bitcoins and bitcoin-forked coins. By that time, altcoin prices will rise up as investors are expected to invest again to these altcoins.

I strongly agree with you. At least for now, I don't think bitcoin will reach $20,000 in 2 years. Why? Let's do the math: If bitcoin's price by the end of the year will end up at $5,000, then we should assume that in 2 years, it will have a +300% (+$15,000) in its price. Also, two years equals 24 months, and when we divide 300% by 24, we will get 12.5%. That means that starting January of 2018, bitcoin should have at least an increase of 12.5% ($625) from its starting value in 2018.

As per record, bitcoin has a starting value in 2013 at $140.00 and ended the year at $750.00 (+435%). In 2014, it started at $770.00 and ended the year at $310.00 (-60%). In 2015, it started at $315 and ended the year at $420.00 (+33%). In 2016, it started at $430.00 and ended the year at $950.00 (+121%). And this year, it started at $970.00 and will probably end at $5000.00 (+415%). This only shows that bitcoin is too volatile to predict its future value.

If we take the monthly basis, a $625 increase in its value every month seems to be very unlikely to happen considering that there's a lot of tokens and altcoins now that might affect the volatility of bitcoin. The percentages of yearly increase  and decrease in its value doesn't also make any sense now since the value of bitcoin now is very high, and people won't just invest in bitcoin alone now, unlike in the past years where there are still few altcoins.

I don't think there's any other Japanese-made cryptocoins other than monacoin and bitcoin. Monacoin is indeed a big surprise this week (from $0.50 last week to $5.50 this week). I think that is still cheap for investors who want to invest in altcoins. This will be a great choice for altcoin trading. I think it will be a great idea to grab the opportunity while it still cheap. I also think that it will rise in the coming weeks as it was stated by different sources that Japanese traders are prioritizing this altcoin.

Nothing to worry about that. That's the problem of the banks. They are afraid of cryptocurrency because of its potentials. Imagine what might happened to bank if all people shifted to cryptocurrency instead of using bank accounts/credit cards. They are calling the attention of people not because of people's safety, but because of the possibility that they will go bankrupt. They earn from their clients' investments. If these investors opted to invest in cryptocurrency, then these banks might be facing the worst thing they will ever have.