please lie less, the country I live in is blocked

[I won't say which country I am from publicly because of privacy reasons although it can be found out!]

I don't!

of course trust is such a general word in my opinion. you can't just say you trust or don't trust someone. it has degrees. for example I trust the exchanges I use so much that I make a deposit and trade on their platform (for a time that I am trading) and I don't trust them at the same time that I withdraw when I am done trading or make a profit or want to stay away from the market....
the same goes for any other third party service that I use. we sometimes have to use them because we don't have any other choice but you always try and minimize the risks as much as you can.

you think too highly of your government! who is government? is it anything other than a group of people we put to their positions to work for us? they may seem to make all the decisions and we to obey but they can't just make anything that people don't want. it won't work.

and if people want to use bitcoin they will, the government can not do anything about it.

this news sounds more like "illegal bitcoin exchanges" than "illegal bitcoin" to me. and from what they have done about the people exchanging bitcoin illegally I can say my guess is true. although I am always skeptical of what I read on these so called bitcoin news websites. they usually don't care about their sources and it might just be a simple incident than a real thing! and it often is.

and the articles mention the arrest of exchange operators, so maybe they were doing something illegal like money laundering!

I said that generally because I personally never heard of any involvement of banks with bitcoin itself other than its technology. they always talk about making their own. not investing in bitcoin.
and in some places it is not even legal for them to invest in an unregulated bitcoin market.

the JP Morgan thing was something open for debate I guess. some say it was their platform and they are buying bitcoin on behalf of their clients. that is what we saw in that screenshot on that Swedish website. I don't know how true or wrong this is, I just wanted to put it out there.
I personally think JP Morgan has invested in bitcoin, whether what we saw was it or not doesn't matter.

my opinion is that if banks do such things they will do it for profit, in which case the question is that "is bitcoin really that profitable for them compared to other things they do legally that makes them do this"
because they can not "kill bitcoin", the price doesn't matter even if they unload 1 billion dollar on the market, price will bounce bad up fast. market being small actually works both ways in this case.

biggest return of mine, percentage-wise has been from trading altcoins. I join in the pump and dumps before they start and get out before it is at their finish. sometimes I even do some day trading to make profit from the daily swings of different coins.

but biggest return of mine, amount-wise has been from bitcoin. in have been buying bitcoin for 3+ years and all the profit of trading is also kept in bitcoin and bitcoin is obviously gaining value over time. that means the most amount of profit for me. specially since I limit the amount I trade with.

the supply of Gold is limited. The supply of metals and matter is not!

how does that physics law go in English! matter never vanishes, it just changes form.
you can make different metals or better say alloys but you can never make Gold! Gold will always remain Gold. Diamonds as Diamonds. if you create it, then it will be fake Diamond or "synthetic".

this is the same with your analogy. altcoins are being created but they are not doing anything so their existence changes nothing.

getting involved with what?
with bitcoin? where is your reference?
with blockchain technology? that has nothing to do with bitcoin. don't confuse the two.

the manipulations have been happening all along. or maybe you missed all the recent "China banned bitcoin and mining" FUD! or maybe you missed the previous "Bitcoin will split and die" FUD! or maybe you missed other "China banned bitcoin" FUD, or the last year "Bifinex was hacked bitcoin is dead" FUD

you see, manipulation is nothing new. you think that JP Morgan CEO who said some BS was not manipulation?

it is possible and it is happening but severity of things like this have a limit. you can't really push price down after some point the same as you can't push it up after some point. there is a whole lot of market, and it becomes harder as it grows bigger.

people read too much into these things in my opinion. they build some kind of big evil out of the government, specially the foreign government for themselves and then explain every actions they make based on that assumption.

imagine an online shop selling goods (like clothes, computer hardware,...) and this shop handles 50 million dollar sales every day. now do you think this shop can continue working with dollar without license and with no regulation? the answer becomes so clear when you look at it like that, isn't it?

this is a clear sign that bitcoin is here to stay.
cryptocurrency in general is a very different topic. it consists of a lot of altcoins, many of which are considered shitcoins and will have a short lifespan, also a lot of tokens which are being mistaken with "currency", and finally all the centralized bank cryptocurencies which are issued by them and controlled by them. none of these will necessarily stay around just because bitcoin is growing.

all these are good, but one big issue I found is that price is rising!
when that happens most people aren't going to be so happy with spending their coins. in other words I doesn't matter if there are places that accept bitcoin payment as long as nobody uses them.

most people confuse bitcoin's growth and adoption with bitcoin replacing fiat. these are completely different things. more adoption of bitcoin means a secondary option alongside fiat systems for payments.
additionally bitcoin can grow and be adopted by a lot more people and since there are 8 decimals after 1 bitcoin there will not be any issues as far as supply is concerned, the price just keeps going up and makes 1 satoshi valuable enough to be used.

I don't get it! coinbase tries to secure your account and prevent hacks in case your Email was compromised (by adding that timeframe) and you are complaining? besides it is a third party service with certain rules and plans. if you don't like it then don't use it.

expecting more from services like this is as wrong as expecting less. Coinbase is what it is. it has some advantages and some disadvantages. the example of OP is just one of the disadvantages of using third party services.

meh, I wished the Chinese do go away this time.
but apparently this time I won't get my wish either. they are going to stay like always and continue to be involved in bitcoin. we just have to count the days until next time the same thing happens and the same FUD of China banned bitcoin bullshit starts up again so we can buy more cheaper coins by that time too

this is what have been telling everyone a couple of months ago when the China FUD started. there is a pretty good chance it has always been about regulation and taxes. their announcements are also confirming this assumption of mine.
and also their previous actions support this. this is not the first time they closed down exchanges. and each time they regulate them a little more. it seems like they have some trouble getting them in line. which is why it takes a longer time and more work.

bitcoin living to see next 10 years or not has nothing to do with the things you said. at least these are not that big an issue to have any effect on bitcoin's future.

and you know what, you can change all the things you said here such as how mining works. but change has to be needed first then it has to gain enough support to be able to be accepted by all the network. so far there is no need to change mining. you are just caught up in the hype of the mining with GPU and think if it is changed everything will be happy. but you are wrong.

no, the techniques are exactly the same. but you should know that "chart analysis" is not exactly science and it is not fool proof. in other words you don't predict anything with your analysis, you just make some guesses about most possible things that can happen. and it doesn't really have to happen.

"emotion" has nothing to do with it. the crypto market in general is small and because of that it is easy to manipulate. there are altcoins that you can simply pump with as small amount as 1BTC!

it always amuses me to see how some people go through all the trouble of creating a new account, typing some long text on a "bitcoin oriented forum" which majority of its users understand bitcoin even if it is little understanding, and then they speak of bitcoin without any understanding of it.

saying it on a regular forum that regular people visit may fool one or two gullible ones, but here....

nobody cares about ICOs bro.
everyone who ever looks at any ICO they see profit. in other words all they are thinking is how much money they can make from them. and by "they" I mean both users/investors and developers.
none of these ICOs ever come to anything. they are just names and empty words.
why do you think they are banned in so many different countries?

you don't have to wait for confirmation. analyzing the transaction for the risk of double spend is not a hard thing which the wallets can do easily and also there is no need to wait for confirmation on such small amounts such as a taxi fair.
and internet is available in more places than you may think.

but none of these are the reason why using bitcoin for taxi is a bad thing though.

what I don't understand about your post is what does bitcoin price has to do with anything! you made a mistake of investing in a pumped altcoin and then continued your mistake by holding on to it and eventually lost a lot of money because of your mistakes.

have you even check the charts before making the investment?



this coin has been worth 30-40 satoshi for 3+ years then suddenly they pump it to 2000 satoshi and on the way down you suddenly decide it is a good idea o buy and hold this coin and you buy on one of the dead cat bounces not even in its dip! you buy after price bounces up from 450 to 600 and hold it to today's price of 320.

I really hope you see your problem here and it has nothing to do with bitcoin price.