I think it has more to do with governments regulations. If we take our present time and compare it to last year (when BTC was constantly increasing), the difference is that last year adoption was increasing nicely and without governments interference but then news started spreading too much information about BTC and its price, what called undesirable attention from governments that prepared their offensive against Bitcoin's decentralization. Then once the regulations came, the investors retreated, the demand dropped and the price collapsed.

Some people may say it's just pure correction because the price was too expensive, but at this point I think we had already time for correction, so the price should be increasing again, at least slowly. It doesn't mean it's the end of Bitcoin, seems just that the investor's profile is going to change. The mass loves centralization, they will join soon. While the pioneers I don't know...

However it's just a speculation, on most of times  the real reasons why things happen don't come to public, we don't know what is really causing the fluctuations in price.

I think anyone who says things like that shouldn't be taken seriously... Doesn't matter if they have the "blue verification" or not, it's not real... Maybe that is a new niche people have found to make profit, to sell verified accounts to scammers. But come on, it's very easy to avoid such scammers, just don't send money to them and you will be fine, ignore these offers or report to Twitter.

There are more sofisticated scams on the internet and about those you really need to take extra precautions.

Yes, because they have lost the ability to control their emotions and impulses. Every addiction follows the same pattern and a very common characteristic among all of them is sudden desires at any part of the day, that along the time can't be controlled anymore if the gambler isn't strong enough. It's not advisable to gamble everyday and anytime, because on long term it becomes problematic...

So to migrate to a decentralized financial system they feel like it should have some centralization before?
This way we would be using something very similar to fiat.

Maybe that is indeed what the masses want. People aren't prepared for a decentralized financial system yet, so they won't be part of it unless it become centralized. I believe that is the main point, power consumption's story is just a hype created now to have something else negative to say about Bitcoin.

The difference is that last year there weren't so many greedy governments poking their nose in Crypto-Currency world. Fud, hoax always existed and I have never seen it affecting BTC a lot like now, so there are probably another reasons behind and I don't doubt governments intromission is one of them.
The recipe of success was used last year, if we follow it paying attention to the details once more, Bitcoin can start rising again...

It's hard to hear positive news these days as each new day more and more countries talk about regulations and bans.
Seems it's one of the reasons why BTC is so weak these days, regulations and centralization. Investors don't want this and when they see it's inevitable, they retreat, the market retreats and all Crypto-Currencies lose value.

The previous statistics are nice and still shows Bitcoin as a positive investment on long term besides the losses in price, but you can't consider these same events will keep happening like previously and say people they will have the chance to make X profit in Y time. It can happen or it can never happen anymore, or it can happen tomorrow or only in several months... Everything can happen and everything is very unpredictable until an event suddenly appears and affect BTC's price. I don't believe in patterns here.


That could help BTC start bumping again without big losses in price meanwhile, but investors are applying another strategy: sell during the dump, buy again when it reaches the floor. It's every man for himself during the dumps... In the end, holders lose the chance to make fast profit thinking bigger, on long term.

Thinking from the ethical hackers perspective, it's already a very profitable "profession". Many of these skilled people are already employed in some governments and they are very helpful not only tracking thieves, but spying another nations too. These guys have high status in government's agencies, respect from their countries authorities and a lot of money, but in many cases they can't tell others what their profession is. And the importance of such "workers" in every country is increasing year by year as technology is developed.

However some people will say these hackers are unenthical as well, because some government's tasks aren't so ethical by some points of view... Like when spying people and foreigner nations, for an example.

On short term there are more chances we can make more profit with a bigger bankroll, with a bigger base bet. Anyway I agree with you, more chances aren't a guarantee of profit and on long term it won't make any difference... The risk is part of this game, but sometimes we should think what is better: to play several sessions with a relatively small bankroll or just one session with a decent bankroll?

Just taking the opportunity, many people complain about FreeBitco.in's house edge and FreeBitcoin's team likes to open promotions often, wouldn't it be possible to decrease house edge sometimes? Maybe for 1-2 days, like RP promotions for an example...

Yes, everything is possible, but it's not a good signal for Bitcoin. If Bitcoin drops too much it's a clear signal Bitcoin has lost too much strength, demand. Signal that people have left Bitcoin, and when an event like this happens, it's hard to have faith that the currency will rise again.
If BTC drops near $1000 I'm not sure if it would be a golden chance, as the price would probably stagnate and to invest hoping to make profit from the volatility would be very risky. But some people would keep using Bitcoin, not mainly as speculative investment, but as currency (also investing the BTCs in something else, but not expecting profit only from BTC's fluctuations in price).

Profession? Is thievery a profession/hobby? Unless these hackers work against thieves I wouldn't call it a profession or hobby. It can be indeed very profitable if the hacker is skilled, but it never ends well when you take something that doesn't belong to you, there are serious consequences not only on the human law's sphere, but in a superior sphere as well.

Temporarily these thieves can think they are very successful, and they will indeed enjoy this money and their status, but on long term they will surely regret about doing this... Unfortunatelly, I believe in the future virtual crimes will become more common and it will help to spread fear among people when dealing with Crypto-Currency.

This is a perversion and there isn't money on this world that would make it worth to be done.
Money runs out and this bizarre story remains forever.

All the currencies of the world are unprofitable investments. 

I think here Bitcoin is the exception. While all the fiat currencies showed to be unprofitable, Bitcoin showed itself very valuable and profitable on long term, using the volatility at your favour. Bitcoin can be a currency, but as investment is works too, so I think the mistake made by some Bitcoin users it to close their eyes to this fact...

I suggest you to not waste your time with this faucet:

Status updated, it says I was paid, but I didn't receive any payment and the txid doesn't exist.



Similar situations were related on their Twitter page for days. In another cases transactions have failed.

And as you can see here, no one from this faucet's team concerned about coming here to answer doubts and update its users about the faucet's payment status that was/is problematic.

(If anyone wants to check: eeda6876dd0c060b54a676610ecb0e8d3da468e6ca8dcdc1987692c5e9764975)

When BTC falls, usually all the market falls together and we see all those red numbers. Another correction came and BTC wasn't able to overcome the resistance level that is near $11.600-$11.700. Bitcoin needs more strength to go up again, otherwise we will continue losing all the progress made in few days in few hours.

About this particular dump, however, I have seen it's because there was FUD about an exchange being hacked and because an announcement from SEC (Securities and Exchange Commission from the USA) asking for more regulations scared investors that didn't react well.

Tried to withdraw today. Pending for several hours already. Many complainments about faucet's payments on their Twitter page.



Different from what FAQ's page says, there isn't instantly withdraw.

Lotteries in general give even lower chances to people hit a prize and people still play it in a daily/weekly basis, so I think it worths a try at FreeBitco.in's faucet every hour. It's free, has better chances than lottery and I just need to click once at roll button... The only thing I regret is about not using this faucet more frequently years ago when the rewards were higher. Comparing those rewards to currently's BTC price I would have made a lot of profit.

Now I try to enjoy maximum as possible because BTC can skyrocket in the future and these earnings from faucets, even if not jackpots, will worth a lot.

Morality is needed for the correct progress of any society. Nowadays there are many educated people without morality, I agree, and I also think it's very dangerous because these people don't have scrupulous and use their intellect to harm people and even nations in different ways.

I believe the only way to change this reality is giving positive examples to others. And the example must come from superior instances: in a country, the examples comes from the leader (president, first minister, etc...), in a family the example comes from the patriarch and matriarch, in a job the example comes from the boss, etc... This way people will see the advantages of following morality patterns, because they will have successful examples to follow.

The essence of this question isn't at schools, at churches, at offices, at meetings... But inside each one of us and we must find strength to rescue these moral values internally and pass it to others until it becomes a long solid chain.

To use free earnings to gamble at FreeBitco.in isn't a good idea in my opinion. You will need to claim a lot until you have a decent bankroll to start gambling, unless you are very lucky and hit some nice prizes like 0.002-0.02 BTC.

It doesn't worth the risk to play with a small bankroll. You won't make much profit and you will be risking your money a lot with high house edge...
And then, all your progress claiming satoshis for days, weeks, months will be over. Better to let it generating passive income.

Money has never evolved on its essence, it was always the same, what changed were the technology and the appearances along the centuries. It was always a necessary and useful tool in societies to make people's lives easier and organized, but it's only worthful since the money serve the ideals and not the ideals serve the money. Only this way we can reach the "promised land", as the article says.