Blockstream Satellite Now Means Most Of The World Can Use Bitcoin Without Internet. What's your opinion on this one? Do you see it as progress or not?

Looks like many economies around the world are going to be suffering major downfalls around 2030. The demographic pyramid is completely fucked up in many countries, with locals not having kids because basically millennial cannot afford to live on their own due low wages and high cost of living. In Europe it's all over the place. What grinds my gears is economists saying immigration is the solution and they will pay our retirement funds. This is insanity.

Anyway, do you have a portfolio that makes you comfortable about the future? we are definitely on our own so be sure to have some passive source of income for the future. Hopefully Bitcoin saves our ass and by 2030 we don't have to worry about money anymore.

Why governments in most of the countries do not wish bitcoin to be legal?
  If bitcoin approve as legal in every country will there be any impact for users?

Guys whole market is going down rapidly. Especially see the ETH price. it is crazy.  But I didn't see there is the specific case except  ETF. Can anyone guess when will be market recover? 

Only a controlled economy can be spared from inflation (though this is also debatable). In an open market like we are enjoying right now, inflation is a matter of fact and is part of the reality of life. Nobody is immune from the power of inflation.

Inflation happens when when the price of goods/services rise up and the money you are holding has less purchasing power like it has before. When inflation rate is going up what is happening is that our money's purchasing is going down. For example, if one bar of soap can cost $1 and the inflation is 5% then there is a possibility that soon the cost of that soap can be $1.05 or maybe what the soap manufacturer would do is reduce the quantity and quality side so that the price remains but the same product is not there anymore.

Now, talking about inflation, I am wondering if Bitcoin can be an anti-inflation agent or will it even induce inflation to a higher level?

There have been many discussions -- continuing discussions in fact -- on this subject and still there is no definite answer maybe because Bitcoin is still relatively new and theories/speculations are still waiting for validation.

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

I'm new to bitcoin but not new to the stock market.  I know what stock buying on the dip means in terms of buying stocks, but am wondering exactly what does that mean when attempting to time a bitcoin purchase.

For instance, I notice that the 'market' for bitcoin is different than stocks.   Bitcoins trade 24 hours a day, whereas the stock market has a time limit.  There is a beginning and ending to each day.  Using a Candlestick chart pattern for a stock makes sense because the day does have a beginning and ending.  But in terms of Bitcoin, there is an "agreement" that a day should be something related to UTC . . . but still a 24 hour clock - which means candlesticks are kind of 'artificially' created because people want a visual reference and a way to determine technicals . . . if one believes in technical analysis.

A pullback or dip could then be determined by technical analysis - support and resistance, Moving Averages, RSI, MACD, or using other tools.  But it doesn't answer my question in terms of what is a 'dip' for a bitcoin buyer.

Bitcoins appear to trade in wild swings up or down, and from what I've read over 60% of trades are WASHES . . . which means the volume or trades are fake.

So when some bitcoin 'expert' suggests to 'buy on the dip' is that dip during a day trading scenario, a weekly scenario, a monthly scenario?    Would a bitcoin trader think of a 'dip' differently than a HODLer?     

This recent move in price from about $3200 to $4100 seems to be manipulated to me.  A jump in price is happening everyday.  Is that how bitcoin and crypto actually behaves?  That doesn't give much time for a person to make up his or her mind on whether to purchase or not.  They end up chasing.   A whale would love that.   (For instance I have decided to buy and sell on Coinbase Pro.  Lower commission.  BUT it takes 5, 8, maybe 10 days for money to actually appear in your account to trade!   That is so IRONIC considering the technology of Bitcoin, LTC and others are suppose to speed up transaction time.  But the system being used to add money takes days . . . a week . . . or more!   Of course using Coinbase is different than Pro . . . but if someone wants to make small bites at bitcoin, it doesn't make sense to pay 10% commission!   I checked.  For instance, a $10 dollar Bitcoin purchase on Coinbase asked for a .99 fee.  BUT a $100 purchase asked for something like 2.99 fee.   The small guy is on the hook for a higher % fee.   Coinbase obviously want people with $$ and not small fish . . . although the Whales want small fish to eat their $$.    I read the average buy for Cryptos is about $150.  If the average person is buying at that rate, in order to move the price higher requires Whales or Organizations to do so because small players can't make the market at this point in time by themselves in my opinion.)

What would a ''dip' now represent for a HODLer . . . hoping to retest an area around 3600?  or how about the off chance of retesting 3200?  In stocks, once passing an area of resistance can become 'support' and therefore I'm inclined to think that that might be the kind of 'dip' some a referring to.  The problem, many don't say exactly what kind of 'dip' they are expecting relating to what kind of chart . . .4 hour, daily, weekly, monthly, etc.

OR is a dip having nothing to do with an area of resistance or support . . . but has to do with a price drop of 10%?  or placing a personal 'dip' price of correcting 5%, 10%, 15% or anything one assigns to it?

Hope I get some honest questions as to how some folks view buying on the dip; and if not successful at that, there is always the buying once a week on a set day regardless of price.  I suppose that's the HODL approach . . . which I do not intend to be stuck in front of my computer the rest of my life tying to gauge a market at least 50% controlled by folks or organizations that have a world of bitcoin to manipulate the market.    I just want to participate.

How can we get people to use bitcoin as a real currency and not just a quick way to get cash as a lot of people seem to do? When I say currency, I mean the literal definition of currency as something that is used as a medium of exchange.
Even online, there are only a few stores who are accepting it as payment.

1. Speculative/trading/buying coins hoping to get rich.

2. As a medium of exchange, currency to buy stuff just like you would for money.

3. As a means in itself to make money, i.e mining.

Also why did you get into bitcoin?  

1. You were one of the first movers? You thought it was cool, interesting, you were here from the start?
2. Revolutionary ideas that it's going to change the world, banking system, etc.
3. You were just curious and then the more you looked into it, you saw how cool it was and promising(me).
4. Speculation, wanting to get rich.  

2019 is just about 3 days to come.
How is your foresee upon the prospect of general situation of cryptocurrency market in 2019?
Would the market recover soon and be conducive to do more massive trading, or should we wait for another year?

Thank you.

It is a bit hard to figure out what will really happen to Bitcoin price.

We could find an answer if someone could stitch these together.

• Gold price when crisis happen
• China's economy is already in a bear market for a long time, will they see a bull?
• World economy just hit an all-time high
• Crypto has not seen a 10yr cycle yet
• Satoshi started Bitcoin to avoid melt-downs

What do you guys think will happen and why?

How do you promote Bitcoin or crypto currencies?
Do you even promote it ?
I am promoting it to my friends back when I was just new in crypto ,
But most of them doesn't care about it back then.

Hi ! First message here.

If a global disaster would happen on earth ( And I somehow don't wish it ) Would the value increase or decrease ?

I'm not talking about solar flares or EMP. But more like big wars or great natural disaster.

What are your opinions on the subject ? 

I started my cryptocurrency journey around July 2017. I bought some altcoins;  verge; dodge, Xrp Siacoin on Bittrex and left some on bitcoin. It was a roller coaster for me around November to December 2017, particularly with verge, my crypo investment of just about $120 grew to a little bit over $3,000. I never new on time until I opened my bittrex. It was wao!

I took out some money since I was in need about $1000. With the euphoria of bitcoin suppasing $20,000, so I watched until my investment shrinked from about $2000 to $1500, then $1000, I decided to take out some little more until I had about $800 left.

That amount have shrinked further to about $450. The worst came when I took a third of the amount to buy Mithril coin when the news came that it won a vote to be listed on binance,  and suddenly it was disqualified,  and the price have falling like packs of cards, more than 50% right now.

Its a question of if I had known, I would have withdrawn the $3000 the moment I saw it on my bittrex account. Who can tell the future?

But I am wiser now.

Does anyone have similar experience

Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

why i made a title like that because basically the internet has the same properties with bitcoin ie:
1. Equally made by humans if bitcoin was made in 2009 by Satoshi Nakamoto, while the Internet was created from a computer network established by the US Department of Defense in 1969.
2. The first equation between Bitcoin and the Internet is that Bitcoin is an efficient, decentralized and moving infrastructure based on protocols open to the public.

and for the difference include:
Bitcoin does not transfer data packets in a dynamic network and circuitry like the one on the internet, but builds trust among users to run its systems efficiently and decentralized.
Although you can argue that the ledger, Bitcoin is "central", it is actually created through decentralized mechanical consensus.
how do you think it all?

For exchanges, ICOs that collect KYC information, when are they required to send information to the government.

If I remember correctly, in the US if you make a money transaction, such as through Western Union, or bank, $3,000+, within the same day, or smaller amounts during consecutive days, the institution must collect your ID information and Social Security and report it to the government. I forget which entity of the government.

Does that mean that if one participates in an ICO and puts in over $3,000, that gets reported to the government? Or if you move $3,000 out of an exchange, that gets reported?

Each thing is a thing to itself. If you say btc will replace gold you are saying btc will replace all metals of value. It
Makes no sense. Will Bitcoin replace bonds cause btc can have a higher yield. Remember, some day btc is replacing tulips at the moment. Open your minds a bit more and realize btc is not the end all be all. I love it, and have quite a bit, but I also have a safe full of gold. They are two separate entities, at one point it was confiscated from the people of the us and was illegal to hold. Those of you who keep saying this make me think you are not diversified and it's not always a good idea so stop this stupid gold comparison

I once read for security wallet,
this is just for discussion how to secure the wallet. I do not think there is a security system and there will be no theft in the wallet.

If you choose your wallet or phone software, you need to be extra careful! Remember that bitcoins are stored inside your device. If your computer or phone breaks down, your bitcoin is gone too! Thieves can also take your bitcoin if it gets access. Consider the following tips to avoid losses:

Perform regular backups regularly
Save the backup on another device like in flash or another computer.
Use the encryption feature
With encryption, each transaction requires a login with a password. This prevents thieves who manage to gain access to your computer.
Do not forget the password
Losing a password equals losing your money! Wallet does not provide a password forgot feature.
Learn more please learn how to secure your wallet here: http://bitcoin.org/en/secure-your-wallet

Do you guys have a better idea to avoid theft in the wallet?
Your Knowledge and Ideas will be more helpful if shared.

When people say Bitcoin is dead, make sure to show them this graph. What an outstanding performing asset. This is why people invest in Bitcoin, hold on to your seat belts!
 
What are your thoughts for next 12 months?