I would agree on him despite his biased stance, some of what he said was true. Bitcoin is really like digital gold, but remove the physical asset and with increased volatility, it's more of a speculation asset now. It may not be a good medium of day-to-day exchange, it does achieved its core objective of having a system to send/receive funds without the need of any intermediary.

Libra, on the other hand, is just like a fiat-based digital currency. It's only main difference with banks involved with digital mode of payment is the intermediary. They've just replaced banks since they're still centralized.

Interesting ideology, especially from a government standpoint. I also agree with the side of investors and business owners since their daily transactions would be capped and their profit as well. They might look into cryptocurrencies because even digital modes of payments by banks that use also fiat would be affected by such policy. And this could pose an increase in market demand, especially to Bitcoin since it leads the market and is much reliable than other alts.

Sad to say but it just took a quite a hefty crash recently. Despite this, I'm suspecting it was just pure manipulation from the whales to instill FOMO and bring the prices lower before the anticipated bull run months before the halving, just like previous halving patterns indicate us. I speculate another dump to bring prices near $8000 mark and possibly below that level before the price would reverse to a bull run. If these are indeed whales, then we can only swim with their momentum to get the most out of it.

This is one of the most common online privacy issues that exists nowadays. They twist the words and agreement to get away with it, but all it means is that they'll sell you data to third party companies such as those for advertisements. It mainly is because of the greediness of the company owner/s to more profit, and would disregard proper company ethics in their decisions because they know they'll still get away with it.

It depends on multiple factors and not just their decision about other cryptocurrencies other than their own. Even though they cancelled their supposed banning on Bitcoin and possibly other crypto, their new soon to release crypto could be a threat to BTC since it may trigger a shift on Chinese market and might abandon Bitcoin and go with their own gold-backed cryptocurrency. So the effects might not be that significant enough.

There's always risk involved. And since no one can accurately predict prices because of manipulations and such, then we're still not sure of it would continue to hit that anticipated $10k. I still see struggles right below $9500 to $9000. And seeing the market today, it shows signs of downtrend but still with maintained trading volume. Despite this, I still remain hopeful that it would reverse sooner this year or earlier next year.

Altcoins are generally more risky, there are tons of altcoins available in the market, and very few of them offer and has promising status in the market. You could diversify about 20-30% of your total fund to alts but the rest is much better with bitcoin. Its much safer even with the volatility, if you're a long holder, and you won't worry as much it going off the market, and bitcoin is much more resilient to manipulation and dumps.

What's highly worrying in Bitcoin is that since it's backed by nothing, and whales currently have the power to change the game, Bitcoin's price is highly unpredictable and thus, the risk and emotion alongside with investing in it pressures most of us here. Unless you're pretty much confident about the technology that you won't even care looking at the prices for long periods. However, this would be inefficient because of the volatility with the price.

Well, that's quite a huge position to make for China. If they had already made that statement, then that could really have some effects on the dominance of USD since all fiat value is backed by national treasure, which is gold in global standards. However, not until China would verify its claims, I don't think it would be such a threat as of now. If USD would drop its prices due to China's alleged stash, then its also possible that Bitcoin's numbers would go up but not necessarily mean its value is worth more.

It is true mainly because limited supply with constant increase in demand would drive the prices up, but not really that it won't stop. After limit has been reached, people would still continue to buy and sell BTC in exchanges, maintaining balance in market trend. However, the real problem of Bitcoin is that nothing backs it up, and I don't think Satoshi meant it to be an asset, but rather a way of payment/transfer of funds without intermediary. There are complications on having a deflationary currency, and one of which is that people would just tend to hold their highly valuable BTC instead of spending it, making the market activity so low that no one actually uses it.

A great reminder of such happening. I actually have already read and known about this piece of history in Bitcoin and its quite fascinating how exploits are done on these complicated code with determination. I also admire and impressed that a decentralized network has proven that with its system, the power is upon the people and not some central organization, and the fate is totally dependent to the users of the platform, thus the soft fork won over the exploited version of the blockchain.

I see contradicting statements to your last sentences. You said you wanted to introduce Bitcoin to those people that are not connected to the Internet, or offline. So, even if you succeed telling them about bitcoin, you'll have a hard time explaining them the concept because they might lack computer and internet literacy. And one thing to add is how will they access and interact actively to the Bitcoin network when they're mostly offline.

Three (3) concerns I am having as of now for bitcoin is:

1. Bitcoin's network hash rate crash

• Although highly unlikely given that China has lifted its ban on cryptocurrency-related activites such as mining, their own government-backed cryptocurrency might trigger a shift in public's interest to Bitcoin.

2. Bitcoin might be under 51% attack

• Since Bitcoin's nodes from China comprises of greater than 50%, although not likely to happen today, a 51% attack is possible if all of the nodes there are either under control by one person/organization, or they'd have an agreement to do such attack. Block validity is based on how much of the nodes agree that a block is valid, and such attack could be used to double spend by altering the next block to a previous block before a purchase.

3. Bitcoin's becoming obsolete because of a new technology

• Even though this would ultimately end the fate of Bitcoin, as all things undergo development and change is the only thing permanent in generations, there would come a time that a new altcoin, or a new framework much better than Bitcoin in terms of efficiency, security, and speed. It might be hard for investors to accept but moving on is part of everything. Even this is a concern, it's not totally bad to progress, but for Bitcoin enthusiasts, this might be a concern.

Asset-backed cryptocurrencies provide another layer of security to investors by having real asset dictating it's value that it's worth something. However, due to this additional factor, government would consider them a company that should be listed, and pay taxes and such. This would also make them easier to approach exchanges, but it would be just like another company with it's worth relying on these assets that has value in its local currency.

Great news indeed since above 50% of the network relies on nodes located in China, and having this update that the government's threat to the Bitcoin network as a whole has been gone. However, things do not stop there, as China's own government is planning to release their own cryptocurrency backed by gold, which may shift the public's interest from Bitcoin to their own cryptocurrency. Still though, we're not sure how this new cryptocurrency would affect the market demand.

I have came accross a similar topic that tells what if all people in the world would be given satoshis based on current supply, which basically the same as this one. I think the factors that would decide if people would accept your free cryptocurrency are as follows:

1. Amount Given - If the amount to be given is quite small that it's not worth it, then people may just ignore it and just get over it.

2. Hassle/Effort - Combined with the amount, if the effort to be given to cash it out, such as learning about private keys and such, outweighs the amount that one is to recieve, then maybe people would not be attracted and would not even bother to get the money.

3. Personal Opinion - If they have known already cryptocurrencies and somehow close-minded about the whole idea of cryptocurrencies not backed by anything, they might refuse it no matter what.

If whales won't apply the same pattern as the past halvings, I think what they'll do is verify first the trend pattern and when it starts rising, they'll sell off to make some profit, then depending on how the people and the price reacts, they might buy in again if the prices continues to rise regardless of the dump made. This is the challenge to the market, everything is possible, and also unpredictable.

Personally, for some content creators for example, in Youtube, I see them quite good but has room for improvement. Maybe more polished animations, clearer voice, and better overall quality would attract more people/public into watching these contents made to endorse publicity to cryptocurrencies and crypto-related projects. Although current existing media are quite informative, we still could improve and make steps that would catch public's attention.

Thinking rationally, bitcoin really is backed by nothing but only trust to the platform. This trust is what drives people to invest on something, which increases the demand and therefore, its price. However, I don't think it would affect Bitcoin's price instantly, as it would still go through a phase when people from China would decide which to use. And having known that China already retracted ban to cryptocurrencies, Bitcoin would still have a lot more trust and chance to be on top rather than this newly minted coin.

Based on the quoted text from the article, with Canaan Creative's planned IPO, together with retraction of ban to Bitcoin and other cryptocurrencies, would be a great sign of the start of the bullish market and we might experience it sooner than we think. But I don't really think the recent $10k pump weeks ago was caused by President Xi Jinping's statement, but rather is only manipulation. Another thing to note is that whales want to sell off right before the next halving to get the most out of the anticipated halving skyrocketing of price.