The thing is that this time, bitcoin's innovation is only dependent on existing infrastructure in terms of being successful in price. But speculation is not part of its innovation. Bitcoin' disruption is already in place and being proven every second it works. This time WAS different and there's no question, because as long as Bitcoin is alive there is proof that there is no need for the existing finance sector to approve of it.

If there is no good reason for a fork it would ultimately be abandoned. Bitcoin gold did well because in spite of the cash fork having been out just recently it still offered something new and hence gathered a lot of support from miners. However, Bitcoin forks have already tired crowds so I don't think any other fork would have any success.

Buying at the top will always be risky, however, there is never a limit as to how far an asset can rise and especially with Bitcoin this applies doubly. However, people should never invest what they can't afford to lose with BTC because it's known to be all too volatile.

That's true to some extent. Bitcoin is dependent on a macroscale exobomy tonexist for it to have any use cases. It's an alternative and even better to use in certain use cases. However, not the best to use as primary currency in many use cases. It's success has very much been based on it's dollar price.

Bitconnect is a hyip type scheme that has gotten big due to the cryptocureency growth over the last few months. It will crash and it's creators will ultimately run away with user funds. It's hot it always goes with such schemes. I challenge you to prove me wrong.

Market value is a relative thing, but comparing Bitcoin to FIAT money isn't all that easy. First things first, most people don't grasp the concept of decentralization because they don't understand that FIAT money is based on trust to govt. Cyprus is a good example of how govt van change legislation overnight to nullify civilian assets. Bitcojn's is immutable and wouldn't allow any party to interfere with an individual's assets.

What region are the Amazon codes for? I'd be willing to vouch for OP if he's interested in providing some codes to me for an evaluation of the service from me.

Sending out tokens in Ethereum's blockchain requires Ether to be spent. It's not nearly as expensive as moving out bitcoin but still shouldn't be a concern for those that just want to hold ethereum. Perhaps people should start using a wallet that doesn't show them tokens they haven't accepted. Mist in light mode would be ok for most in my opinion.

It's a possibility that this is an attack but the effect of transaction fees becoming too large can't be solely attributed to a potential attack. Thing is, there's a growing demand to put transactions on the blockchain and this is definitely an important contributing factor. There is no denying that bitcoin can't take many transactions, especially not as many as a scalable centralized system would.

However, current events aren't necessarily devastating for bitcoin. It's been like that throughout its price rise. It's quite funny, actually. Because as bitcoin increases in value, all transaction become more expensive. There's an inverse relationship between its success as a tool for speculation and usability as currency. As one becomes better, the other worsens. Hopefully spam and scalability are going to be addressed though.

Are their cards able to be used again? I haven't caught up with what's going on with Uquid after the whole history with myChoice cards. What's happening in there?

It's not random random but we don't know what parameters each miner will have for picking up transactions. If a couple of transactions have the same fee and same sat/byte value as well (which afaik is what matters to miners) then there'd be increased chances that they would be in the same block but that can't be guaranteed to be the case. There's nothing holding the two transactions together and there's a top of other variables that could end up putting them in a different block.

I get that this is a matter of miscommunication and customer support in the end. Crypto ventures that don't have much if any staff can't be good at this. Much of this is very much community driven so personal attacks at the developers don't help very much under this scenario.

It really is whatever you want it to be. Bitcoin can be an asset, a currency or perhaps even both. It has the infastructure to be both and after that it's really up to you how you handle it to get the wanted benefits out out it. Bitcoin is for everyone and for whatever reason they want to use it.

I chose to invest in Ethereum in the ICO back in the day because it was something new. Many people of the then small crypto community were saying that it was an opportunity not to be missed and they were right. However, it was a highly speculative investment back in the day but the craze of this year made prices go up a great deal. Not many cryptos will have the luck of repeating that.

Miners are everyone (in theory). If profit seeking miners abandon bitcoin, then anyone could bring up mining machines to keep up the transactions confirming to be included in the blockchain. This is the case with several cryptocurrencies that are not profitable to mine. People stay in the blockchain because they believe in the currency's potential. Not just driven by profit. You can actually buy old/inefficient mining equipment for very cheap.

I don't think that it'd sound likely for a pattern over weekends to be observed over bitcoin when its markets are all speculation with nothing else on the mind of traders when it comes to buy or sell pressure. On the other hand, this weekend is close to ending and we're still seeing BTC up and closing in to 8k USD so it's likely that we'll mostly be seeing bullish swings unless massive selling pressure hits on.

That's a true observation. Certain groups kept being bearish after the short plunge bitcoin prices took but in reality, the recovery was swift. Levels close to $8000 were reached quickly and markets are once again closing in to such high prices.

I think that for something like this to happen, a massive market upswing would have to take place. Other markets would have to take a hit for bitcoin markets to go up by that much and it's unlikely to see something like this happening very soon unless important steps are taken to make big investors feel safe enough to put money with bitcoin.

Many of my day to day transactions are related to cryptocurrency but certainly not all. However, much of the cash I spend originate from cryptocurrency so it's easy t say that crypto is very much related to my day to day transactions. That's mostly due to being paid in it though.

I think that the fact it was the first is quite important in the cryptocurrency's success. Many have come after it, but their road has only been paved alongside the one bitcoin's history has paved. BTC is integral into becoming the core of an newly found economy.