Bitcoin Talk Name: lordquanta
Bitcoin Talk Profile: https://bitcointalk.org/index.php?action=profile;u=925500;sa=summary
Rank: Senior Member
Post Count (including this post): 571 (570 +1)
BTC Address: 1AeivF9LmphsczJqY3H9tpAQKSAD8qKn2A

Currently something weird happening with changing the avatar thus not able to wear one. Soon i'll be changing avatar as well.

Welcome to the crypto world. To begin learning of cryptocoins, I would suggest you to understand what are digital cryptocoins and tokens. A lot of people believe everything under crypto market is a cryptocurrency. That is not the case. In certain scenarios like mcap which is token, no matter how fraudulent its promoters are, but it is not the crypto coin. More mainstream example is ripple, which is also a token and not crypto-currency.
In the initial phase stick to the bitcoin, ethereum. Once you grow your confidence then step by step you will learn more about some reputable alt crypto.

Bitcoin Talk Name: lordquanta
Bitcoin Talk Profile: https://bitcointalk.org/index.php?action=profile;u=925500;sa=summary
Rank: Senior Member
Post Count (including this post): 569 (568 +1)
BTC Address: 1AeivF9LmphsczJqY3H9tpAQKSAD8qKn2A

In above scenario, we need to understand that all the fiat currency in hard-cash and net-currency/digital currency is managed by the banks (federal and other). Having all currency over the digital medium will give these entities more power of price manipulation than ever. One more thing, the carbon footprint to manage this infra structure of digital transactions will be even high side and all people will have to bare its cost.
For poorest people perspective, lack of infrastructure which support digital transaction directly links to great danger and life-death scenario.

* Nowadays China is not so economically strong which it used to be. They are also facing many challenges about keeping growth in upward direction. There are many ghost cities created to keep GDP in double digit.
* About USA take advantages of what China and South Korea are avoiding, there were many ICO scams is past. The ICO became easy way for promoters to raise money and vanish in thin air.
* This gave bad reputation to the ICO. There is risk and potent cause to commit a economical fraud.
* Right now Japan is growing as strong-hold, powerhouse for bitcoin market. There are laws which recognizes bitcoin and allows fearless environment to people.
* If USA want to capture crypto market then there should be actions enhancing bitcoin and crypto market in positive way.

Holding long or as we say HODL real long time is one thing. But never sell the coin is another. if a person is not going to cash out the coins then bitcoin is as good as soil. What is the point in having that investment. It is called as dead investment. Suppose a person has 100 bitcoins purchased at 100 USD rate, few years earlier. Person is a middleclass living. Now Today estimated valuation of bitcoin is somewhere around 37 Million. If person still living in his middleclass life, like kids not getting upgraded educational opportunities. Then what is the point of having those coins. When we invest we have certain goals from the profit perspective. Never cashing out is nothing but greed.
With bitcoin we have opportunity to sell small amounts as per our requirement. HODLing long is great strategy just dont take it to extreme.

Converting bitcoin to fiat is decided on the exchange and people who are trading bitcoin to fiat. If you check the regional exchanges then chinese exchanges have bitcoin to Renminbi. These rates are decided by the traders and exchanges. Many exchanges are purely bitcoin oriented and do not have other crypto pairing. That is bitcoin to local currency.
The proportion or difference between buying, selling bitcoin to USD or EURO will be mostly same as their differences in price. Give or take the local countries regulation.

Investing via mining bitcoin is not so profitable in first place. If you have prior experience then it is bit easier to get starting. Why people are not getting in crypto has multiple reasons. Reasons like many countries simply don't have the required infra to support for bitcoin purchase, selling and exchange. Like in Serb the laws are pretty strict against purchase/send currency from/to foreign country. Many people don't know about the bitcoin or crypto. false Knowledge about the crypto currencies has been propagated by some mainstream news(entertainment) media. Thus many people find it difficult to invest in bitcoin.
There are many economist who do not trust in the bitcoin, largely because of its unregulated nature. Many claims that price of bitcoin is unreasonably high. 

From the percent growth of all crypto coins, person investing in bitcoin will always remain on higher side with profit margins. Other alt-coins are not reliable at all. Or those who have some reputation have not shown the ability and scope for growth like bitcoin has shown. Just look at what happens with ether, this year alone ethereum prices reached and remained somewhere around 300 dollars, give or take some ups and down. It has not shown like bitcoin. And ether is second best valued crypto currency. About the ripple who had great momentum going on till the top devel dropped the bomb of major chunk of ripples are going to flood the market in form of donation. Ripple never recovered fully from that. However it is still in top five crypto market capitalwise.
Thus putting money in the bitcoin is beneficial.

Yes, that is correct. Because till now no single currency has achieved so high value status in recent history of economy. Certainly whenever there is all time high is achieved by bitcoin it is not clear whether that price is justified or not. Current prices  changes of bitcoin unregulated. Thus no one knows what could be correct price of market. Those who have deep pockets and willing to pump the market in order to gain more profit are doing is so far.  Every now and then we think price rise could be a bubble about to burst. This valid, because we all love the bitcoin and don't want to see bitcoin losing its significance.
It is difficult to find the reasoning in current 6k dollars price per bitcoin. As investor I find it much profitable and happy that profit has increased multiple times.

The major reason why banks find it difficult to deal with the bitcoin technology is that it is open and decentralized. Banks have always find themselves hand in gloves with not so legal activities due to their secretive nature of operations. Banking sector has been developed by People who wanted to take control, manipulate general populous with control over money. Bitcoin is so revolutionary in a sense that its vehicle which moves bitcoin from one end to other is based on blockchain. Banks find this blockchain very fascinating and revolutionary. In fact they are working on getting their own blockchain based technology for their own use. However bitcoin is simply threat to the biggest loot these banks are doing with their ability to exploit the loopholes in money transfer.

At 5800 to 6000 dollars per each bitcon is certainly not cheap from any perspective at all. The transaction charges are in fact same from bitcoin point of view, that bitcoin transaction are in bitcoin format only. Thus transaction charges for the bitcoin will also increase if base price of bitcoin price increases. This is what people have mentioned beforehand when bitcoin price was at 1200 dollars per the bitcoin. If bitcoin value goes skyrocketing the significance of being currency. In todays world, bitcoin market is observing transactions are observed on stock market basis instead of currency.
As far as high transaction are concerned, think about it as living in countries like US or Emirates or any country with high living standard price compared to other countries. Like if some person from poor country goes to rich country like US then that person will definitely be earning 30 times or 50 times of what he would be earning in native country. However the same person will also be spending is equivalent to the US country. That person spending will also be 30 times or 50 times compared to native country spendings.

It is better to teach kids about the economy at young age. Young kids are very inquisitive in nature, I mean almost all kids show this behavior to learn things, how things happen, work, why it happens so. So if we induce correct information about the economy and crypto currency in way they would find it interesting then they will have better knowledge, understanding of currency growing up.
In order to teach kids about anything, a person must have deep knowledge about the subject and sub-topics. Kids has so many questions just about everything they dont know entirely. Thus people with limited knowledge find it difficult to answer question and then process of knowledge transfer gets limited.

Up to certain extent your point is correct. If you look from the different perspective such As fundamental economics on investment then you could see that putting all the eggs in one basket is very very risky. Fundamentals of investment restrains or advices against this kind of practice. Putting all your investment in bitcoin (though it is no doubt the best investment tool one can have) is risky. Here some diversification would definitely help. Like if stock market or equity or mutual fund like investments. If there are some personal or family related needs, requirements which may be beneficial in long turn then putting money in that.
You could put 80 percent of money in bitcoin right now, and rest 20 percent as per you choice.

Banks will charge only when bitcoin is transformed or exchanged for normal regular fiat currency. This strategy will flat on its face if people keep their business with crypto only. So right now banks are or will keep the tab on transfer from the crypto to fiat, fiat to fiat. That is where there their power lies. So once people or companies or entities starts working with cryptos as currencies instead of as commodity the problem will start to fade away. This way there will be less and less significance of banks in the general economy.

Only people who missed the bitcoin profit train are crying foul over bitcoin. Those who mentioned and discussed the bitcoin from the technical perspective that having very high price at this stage will slower the transaction as transaction fees will also be higher, thus not many will actively use bitcoin as currency. So mostly buying and holding will be major action happen with the coin. They had logic with their argument. At current situation people who were continuously purchasing bitcoins regularly will find that the rumors about the bitcoin are there since beginning. It is better to ignore them and work on your strategy diligently.

A proven theory in the bitcoin world so far is buy the bitcoins and HODL for long. Just look at the recent example when bitcoin was plunged to 3200 dollars couple of months back, now it is at 6000 USD. It is nearly double the amount you could get with the investment in bitcoin. No risk so far.
I know making double the amount with above theory is going to get difficult with each iteration, however if you look at the price appreciation is really good. So even if you are not getting the double the amount on investment, you are bound to get better returns. That too without too much risk.
Trading is risky though if done with proper intelligence could work magic with bitcoin.

Countries are not finding bitcoin as investment but the people and companies are. The most influential people and companies finding bitcoin has major potential of value appreciation it is better than any other form or tool. These people and companies have influence over the govt. Thus in many countries bitcoin could not be banned. Though if in case bitcoin gets banned in multiple countries then there are chances of price of bitcoin taking plunge as people from those countries will have no choice.

Thats not the case. It is slightly different. If any govt finds out that person or company is using their currency for wrong reasons, committing a felony, anti-national activities then they seal the property and bank accounts of that person or company. Thus effectively stopping further influence. As far as cash is concerned then a country will seize that. If found guilty action can be taken against it.
In this case, illegal USD in multiple international bank accounts gets frozen by US govt with help of interpol. US govt stops transfer of money to other forms if they get information beforehand.

Good decision. It would been even a great decision had you invested all your money in the bitcoin alone. Instead of sharing it between bitcoin and eth. At this stage bitcoin has touched the 6000 dollars and crossed it. And at same time the eth is lowered in the prices. Eth is also second best place to get profit. However at this stage why go for second best when you could rip max benefit from the very best and first choice that is bitcoin.
Holding bitcoin is anytime great compared to the holding gold.