Lack of regulatory commission is one of the reasons why any company or enterprise related to cryptocurrencies are not held liable by their actions and can continue to do things to profit and take advantage to feed their greed. If only there would be someone who would overlook operations in the cryptospace, if they are adhering to standards, quality service and security of their platforms, then even scam ICOs and IEOs would have a hard time going out easily to steal people's funds. Since nothing exists to do that part, they're free to do that and wouldn't be responsible to anyone for fraudulent acts.

First thing to ask yourself is if that's all your available cash. If it is, then investing all into Bitcoin may not be such a good idea. The volatility imposes higher risk than investing in other currency/fiat since they're a lot more stable and you could decide longer than bitcoin's price fluctuation which may cut off, or increase, your money in just few hours. USD might be a better choice in this case that your country might face crisis, since local currency and even local stock market may not be a viable choice.

I don't yet know about Klaytn, but I'm familiar about KakaoTalk since it became popular through advertisements in my country about some years ago. Though I can't predict if it would hit top 50, it's still great to know continuous adoption of tech and non-tech institutions to blockchain services. It's exciting to see such things created but I'm more excited if something is invented that would revolutionize a current technology different from currency.

Blockchain is a technology that involves running in a decentralized mesh of network that makes blocks (from the word itself, blocks in a chain). These blocks can handle sensitive data, such as transactions, files, or anything you can think of that can be transcribed digitally. Also, each blocks contain a pointer to its previous block through hash (result of a function based on the data inside). This means that any change within a block would change its hash value, and would disrupt the network. That's why there are nodes (computers that use computational power) that validate these data inside and make sure of the integrity of the chain. Since there are many nodes connected and validating incoming data, more than 50% of the whole network nodes should validate and agree to every new block created, so any attempt to alteration should have access to >50% of the nodes, which is near impossible.

What's different in creating new altcoin and adopting bitcoin? They're both cryptocurrencies, it's just Libra is centralized and Bitcoin is not. I don't see any reason for Facebook to adopt bitcoin, and they won't be successful either in my opinion. Facebook needs to address privacy issues first to launch Libra. But once passed, Facebook's userbase would flood it's market and there's a high chance of their success. But I don't think current crypto-enthusiasts and hodlers would be attracted.

The US Government hasn't release a statement yet of supporting blockchain as future means of payment, while on the other hand, China already did, and this isn't anything surprising. I could however have some worries when China's plan succeeded and all-out ban of anything related to other cryptocurrencies, including bitcoin, would happen. A large percentage of current mining pools are located there and it would take some time relocating to another country, and would possibly slow down transactions in the BTC network and also the hash rate.

Seems not feasible though. Why do we need to revert back to paper cash, and making digital currency back to paper seems only a waste of natural resources. We're moving forward, digital resources such as internet connection and access to technology is continuing to spread even in third world countries. We're nearing the digital age and the need for paper isn't necessary, like what some cities in Germany are adopting.

I oppose though. Libra is more centralized than being decentralized. It does not cohere with Satoshi's main idea, which is a fully decentralized system without passing even a single intermediary body that may control your transaction. Facebook on the other hand, might have decentralized network of nodes, but all the transactions would still pass through Facebook's data centers. And having Facebook known for privacy controversies, it's not a good start for a crypto since Satoshi's idea is being anonymous as much as possible, opposite to what Libra may offer.

For a year, that number is actually surprising and 14.4% isn't a small number either. But now I think things would undergo some real changes. Government and other institutions start to adopt blockchain technologies. If US Government decided to follow what China is planning to do, which is to create a new cryptocurrency, there might be an explicit ban to bitcoin and other altcoin, only permitting enterprises to use their own cryptocurrency, which could significantly impact the market. But it's still too early to say this though, it's far from happening, but is a possibility.

Quite possible. Considering the next halving is nearing, it could happen while supply decreases. However, there are many factors to consider aside from that. Include government regulations, their move to ban/decrease bitcoin activity (by making their own or imposing laws), and possible crisis that might happen because we cannot predict the future. It could pump up to that price because there's really no limit to where bitcoin prices could hit, no institution controls its inflation and it's purely by supply and demand.

Most likely, other governments would also follow what China is doing. If they can't completely ban bitcoin, they have decided to might as well create their own, effectively "banning" bitcoin by having their own be used by their population. It's effective for them, but quite a threat for us. Even though not all countries do such thing, in the long run, it imposes a threat to decrease in bitcoin market demand. Unless people stay informed that these are centralized institutions and decide to steer off of it. But it would be hard to oppose the government though.

It's possible, looking at the current market status that we can pump $2,500 in just few days, $20,000 by the end of the year seems plausible, but the chance is low. Right now, it's struggling to reach $10k and even going down as low as $9,200. But given the volatility, the pump chance and amount, we could reach it but I doubt it would stay there. It's most likely to hit back down just like the 2017 hype, because of manipulators and other factors.

If China had already banned bitcoin way back, it's no doubt they will start to implement regulations soon to these alternate crypto-related projects. Even from the start, they don't want bitcoin or other cryptocurrencies, however they are interested in the blockchain and plans to make their own. There's not much for them to do but to just implement their restrictions and we can't really do much about it. I think what we should be concerned is if the time comes that any bitcoin/altcoin related activities such as mining is strictly banned which would affect the hash rates of bitcoin.

It could happen but we're not certainly sure that it would. As of now, it's staying under $10k which is quite a good sign of possible bull run if things would smoothly go our way. But as of any investment, there's still risks along bitcoin's growth, such as regulations and government that could bring the prices back down to where it started. But definitely, tha chances of bitcoin going up is a lot higher than it going down, but having it's bull run like in 2017 is not likely to happen imo.

I think what the OP wants to do is provide gift cards which point to an address with bitcoin and its private key as a way of sending money to people as gifts, instead of the more traditional money-in-envelope style of giving. Laymen would be introduced to bitcoin easier, and they'll surely learn how to deal with the card since there's money in it, unless they're rich that they won't even care the extra effort of taking it. Simple idea and action that could attract more people in the ecosystem.

Although it does provide publicity to blockchain, the core technology of bitcoin, it wouldn't affect the market as much. These governments adoption, even China, only focuses on the blockchain and not on the bitcoin. They're making their own cryptocurrencies to mitigate bitcoin's popularity since they don't want any decentralization, or power to the people. However, they're more or less likely to succeed though, they're just adding to the crowded altcoin market. However though, it's backed by the government so people may tend to use it especially those new to crypto.

And we can't really do as much since blockchain is not from bitcoin, it's idea and technology is invented way back before bitcoin is made.

It's because of the hype associated with a particular investment. If everyone is talking about it, of course they will have fear of missing out and instantly buys into it even without learning about its background. And when they lose instead of profiting, they'll think of bitcoin as a scam, when in fact, it's just the nature of bitcoin. It's trend is hard to predict and anything could happen in just a matter of few hours. And we can't prevent these from happening, hype will always be there and there'll be always someone innocent going with the FOMO.

Isn't it more riskier to do cost-averaging in bitcoin rather than in local stock market? Bitcoin, although solid as of now, has a higher risk of crashing down rather than companies, especially blue chip companies.It wouldn't be as effective in my opinion compared to cost-averaging in much lower risk stocks. Although your move, if large base is interested, could potentially increase market demand, and price, only if your number is significant enough to do so.

It may be viable for those who have spare funds to liquidate to contribute to the network. But for those who are short in funds, as much as they want to help the network, they can't really afford to contribute. Still though, a nice post to read that spreads knowledge about the core foundation of the bitcoin network, and potentially attract people here to help the network and improve the market.

I'm not familiar with this type of recovery method for lost account number. The more familiar approach is directly through email, the support staff would assist you there and would confirm your identity. Double check the email if it came from the legitimate site. Some may have seen your intent and you're maybe a target of spear-phishing. Be always aware before you send sensitive information to anyone in the internet. Once it's sent, it could be used to fraudulent acts and identity theft.