If the highlight of bitcoin were to be its impressive market value, bitcoin would probably be worth nothing in the near future, because prices of financial assets never stay all time high. When they are eventually down, it is their intrinsic value that determines if they bounce back and by how much or remained dumped.

Fortunately for us, bitcoin has got solid fundamental values, like being decentralized and not regulated by government, having a limited supply, a true global payment network, etc. At that investing in bitcoin especially every time, it shades price, is a good investment in the long run.

In retrospect, the picture was rather hopeless and some people had to falsify their identity to be able to scale Paypa'sl hurdles and many ended up shooting themselves in the leg. However the emergence of bitcoin have facilitated a turn, might not be the height it ought to be but there is always a starting point for every accomplishment and things gets better.

I think those are rather myopic views, bitcoin is a big project and goes well beyond signature campaigns, faucets and many other means that are simply being used to sensitize people about the discovery. As many more people begin to adopt bitcoin, certainly lots of business opportunities would spring up and so would earning opportunities.  

Until now, people from mostly the poorer and developing countries were not part of the global community when it comes to places like e-bay or amazon, because almighty Paypal won't let them, but bitcoin have leveled the play ground and anyone with some coins can stop by to shop.

I think there is a drift there, the world have actually moved on from backing currencies with gold and all what not. Almost all the currencies out there are piece of papers that could have as well ended as toilet tissues. Government declarations and people's willingness to accept those currencies are the things now backing them and that explains, why some government can go on printing frenzy regardless of the implications to their economy.

What is backing bitcoin, is the faith bitcoiners like you and I, have come to have in it. The fact, it is out of the control of any government further strengthens our commitment to it and so is the fact that it is limited in supply. Bottomline is, bitcoin was created to solve the crisis of fiat currencies and good news is that is not doing badly.

Are you unable to cashin or cashout bitcoin from your location? That must be the remotest part of the world, because you should know that bitcoin is borderless, all you need is an internet ready device and connection and you can buy or sell all the bitcoin you want. One more thing, is that it is not until all the countries of the world says yes to bitcoin, that it can be said to be an international currency as using it for transactions with as from two countries upward, already made it an international currency.

That is what they normally claim, but when you are in there, you discover the market price has its own mind and goes where it would. Sometimes some predictions might be right, at other times, would miss the mark. Actually what makes a profitable trader is the ability to effectively manage market uncertainties and there can be many of them.

Diversification is one concept that seasoned and successful traders never ceases to emphasis  on upcoming traders. It is not just a cryptocurrency thing, but traders of any type are advised to spread their money or investments over a range of assets as a cushion or soft landing pad when the unforeseen comes unannounced as always.

As basic as it sounds, buying low and selling high, is not all said and done. The market have proven to have a mind of its own, so unless a trader fully understands what the market is about, a low can always be lower and a high can always be higher. The market can be some mine of surprises and the traders that are not well rooted in knowledge and experience usually get burnt.

I totally agree with your line of reasoning, when you take privacy away from bitcoin, it loses part of its cryptocurrency qualities and only very few people would not mind. Other than that, the idea of asking or going over to people to give or take money simply brings us back at one. The world has gone real digital, no point living in the past.   

Just like the fiats are mere piece of paper should people refuse to accept it as money and means of settlement, so is our seriousness and faith in bitcoin, pivotal for its stability and wider acceptability. It is unfounded to think the authorities may want to declare bitcoin illegal or attempt to ban it, because they are already late and I doubt the feasibility in the first place, of a ban on something that is decentralized and  unregulated.

This technology is still evolving, so we can expect lots of dust in the air from time to time. To that effect, our best bet would be to take precautionary posture at all times and this is not just about exchanges only, but the virtually every company we have to send our coins to. As a matter of fact, there seems to be more scammers lurking in the cryptocurrency world than does that of fiat.

Those earnings are not exactly from regular faucets, but from casinos flavoured with faucets, so once in a while, it is possible for someone to end up with huge amount of satoshi. However, Santa does not show up everyday of the year, so that cannot fit in as daily faucet earning. A great cause for worry with faucets from casino sites, is that majority of visitors to the sites most often end up leaving without as much as one satoshi, because of the lure to multiply their earnings in a flash and we know, gambling is screwed to make only owner rich.

Now it sounds confusing and seems misleading for a government to ban a high denomination only to replace it and introduce yet another with a higher value. Not a very good decision from economic point of view and if indeed, they were pursuing a cashless society agenda. Even the rumour about planting Nano GPS chip on the 2000 banknotes turns out to be true, it won't accomplish much, because those who have something to hide would definitely avoid it, knowing those notes are tracked.

Looking down memory lane, one does not need any telling that exchanges should never be used as a bank, so there no point stacking your hard earned coins with them. For traders, what ought to be in your account is your trading capital, every other coin should be resting in other secured wallets. After my experience with Cryptsy, I these days only go to an exchange when there is an exchange to be made and then be gone.

Bitcoin is simply a cue of what money would be looking like and treated in the future and since the future is where I shall be spending the rest of my life, without any doubt, am taking bitcoin serious. Aside the fact that it has created enabling and cost effective way for carrying out international transactions, it has thrown open newer business opportunities and innovative ideas for already existing businesses.

Without the unpredictable part of trading, which is the risk factor, it would not have been possible for money to be made out of it as money does not grow on trees. The main reason trading is unpredictable is as a result of quite a number of factors that influences market price at any one point in time and it is impracticable for any trader to factor all that in every trading decision they make.

While there is no timing as to the appropriate time to become a trader, it is paramount that a would be trader puts the right foot forward. That can be done by first taking quality time out, to understanding how the markets work and their special attributes. For instance margin trading is a step higher than the normal buying low and holding till price appreciates, which is what most cryptocurrency traders are familiar with.

 Beyond that, to say the right time to become a trader is when the price of the commodity is cheap, is actually besides the mark and vague! I suppose you meant to say, the right time to actually execute a trade is when the asset is cheap. The question begging for answer then would be, what price is cheap and it would take a knowledgeable and experienced trader to be able to resolve this puzzle!

I think you meant to say, knowledge and experience as against the guts you suggested, is indispensable to excel in trading the currencies - fiat or cryptocurrencies alike. Follow up and analysis of the market to be able to tell apart when the market is falling or rising, is not an average Joe's job, thus suggesting that trading is not suitable for everybody. For those that do not fit in, instead of growing their coins, the reverse would turn around to be the case.

You may want to recall that illegal trafficking had not just started with bitcoin, it has always been there with the fiat currencies and the fact it is a choice for those never-do-good, points to a fact that, bitcoin is a more effective international currency, than the ones before it. While a few people might be using bitcoin for vices, a whole lot of others sees it as a very cheap, fast and secured means of global financial settlement.

What you should pray instead is for there to be an effective and efficient cashless system in your country than the illusion that those top currencies does your country any good. In reality, those top currencies would be the main reason your grocery would get to be sold at a much high rate, because the small currencies sooner than later lose their purchasing power.

I must commend India for taking that step and it could not have come at a better time, than now as they concentrate their efforts to develop and advance their country. It is something other developing countries should embrace and you will find that it is even the poor countries that hasten to create high currencies notes and not so much for the interest of the country, but simply to facilitates looting by their very corrupt rulers.