As soon as every company starts accepting them. It's hard to feel comfortable when you know that people will not accept your payment method for their services. Also, there are too many issues with BTC at it's current stage. Like others have mentioned, volatility is very high. It's not as stable as money (fiat currency). It's not very convenient right now but I believe it will be. Adding to that, there is no fee for using cash whilst for BTC there is a hefty price to pay to use it.

There are many factors that contribute to this. As of right now, bitcoin prices are going up. This is highly related to the laws of supply and demand. Panic sellers also, sometimes known as dumpers are a major cause of this. They think the prices won't go up or it won't return any profit and end up dumping all their bitcoins. This causes a rise in supply and decreases the value of bitcoin.

I think because they are putting regulation on cryptocurrencies it means that the government is finally accepting and they don't want crypto to be out of control. Maybe it's for their own profit or they are simply trying to make it safe for the community to deal in cryptocurrencies.
Reducing fraud counts and such. So it can be both good and bad.

You are right. There are numerous reasons why we should pay taxes. Most commonly known by everyone is the services the government provides. If you've been to a third world country then you would re-think why you are paying taxes because you won't see these services they promised you. The government is completely corrupted. In some cases this is so obvious, it's a joke. Like the president would promise you better healthcare instead just upgrades their own house with the money you paid them. Now why would I pay taxes in this case?
It doesn't benefit me or anyone but the specifics involved in the corruption of the government.

What you are saying seems like it's the very recent status of bitcoin going down. Check the statistics of Bitcoin on google. You will clearly see that bitcoin has come a long way and it's got a lot of room to improve. Patience is the key. No point panicking. It will go back up and this time even higher.

I think the main reason is that the country doesn't benefit much from it. Cryptocurrencies aren't taxed, this makes it very bad for the country

as they do not get anything out of us. This means slow government services. This is a major problem, but most countries are to disloyal

to it's citizen.

That's just sad. I would personally not trust anyone with that kind of stuff, unless it's like my family. This business has it's risk but there are

ways to avoid them. You should have invested into a hardware wallet. If your bitcoin sum was a decent amount I'm sure that was easily

possible.

To each their own. But yea money does make you rich. At least in someones book. It depends on your definition of being rich. It can mean

something slightly different from owning a lot of money. For some, rich is having family and good friends. For others, it could be knowledge.

It's a great time to invest into it. But be aware and don't do something you can't afford to do. According to Tom Lee they are expecting it

to go up really high. So this would be prime time to get into bitcoin business. But, as I said, just be cautious about it. Even if every one is

predicting bitcoin prices to soar like never before, it might go the other way for you.

Fiat is not just money. I highly doubt it's gonna crash. At least not in the near future. Nothing is impossible. There is still a large number of

people who deal with fiat currency. Cryptocurrency isn't fully integrated into our society yet.

Fiat will be around until we exhaust all our resources but at that point we have other things to worry about.

That's pretty funny. Ironic as you say. If they knew better they would have held on to it until the end of this year at least.

I think they were influenced by the false community that bitcoin isn't going to go back up and just decided to make some money out of it

before it get's any worse. It's a long term thing, you can't just panic sell.

Altcoins depend on bitcoin. The growth level and speed is influence by the bitcoin market. Bitcoin stands out because it retained it's growing market. While most Altcoins was simply hyped and fell off. Speed of growth isn't the only thing, market stabilization is very important.

Love the post. Really good advice for just about anyone. Highlights all the major details of cryptocurrencies in general. Like others have posted, I would only invest money that I'm gonna need soon. It's not gambling for me. It's investment. Patience is the biggest boulder in this business. You can't be in a hurry to "win" money.

It's still money in a different form. I believe there need to be some sort of regulation at the least even though it's digital, to keep it in track and reduce scams and misuse.

Otherwise this just spells anarchy and chaos. Not very pretty.

You could do both bitcoin and altcoins. I guess just be cautious and not invest your whole life into it. We are in the bear market.

It may or may not stay the same. Keeping with altcoins will provide some backup in case it doesn't go the way you want.

It's true they can earn a better life with all the benefits and advantages of bitcoin, but it's not free. The disabled will still need to work for it.

The government can't or shouldn't just ignore them though just because they have opportunities such as bitcoins to make their life better.

I mean what if they are like completely disabled. Well in that case not even bitcoin is of any help.

Not always true but there are cases when it is.

I mean if you are from a poor family who couldn't afford to put you in school and get educated enough to get a decent job then that's like saying you are stupid.

Luck is definitely a factor. Not having any means to prove your intelligence is another.

Normally taxes are paid for the country to prosper and provide better services for the citizens eg. schools and the poor. Obviously there are cases where there is corruption in the government so these services they promise aren't provided. I guess we could decide to just fight, but that just brings even more chaos.

I just read this. BTC can be unpredictable just like most coins. But I wouldn't doubt it. I do have my hopes up. As mentioned by others, we are still a long way till the end of 2018 so it is definitely possible. It did reach 17k last year so why not? As I said, it's unpredictable.

In my opinion yes. The economy will never stop growing. It may be in a different direction but it will grow. But as it grows it will have ups and downs. As time progresses, there will be consequences and reactions that will affect many other aspects of a country/government.