first of all, I really do think even though i'm living in a western country that the Asian countries, especially China and Japan are light years ahead of countries such as the United States and Britain in terms of new fintech. Chinese government is attempting to build its own cryptocurrency, and central bank is actively trying to regulate the cryptocurrency market(although that's probably not a good thing anyways). Japanese gov has legalized bitcoin officially. And what has the US done other than not treating BTC as a currency but some sort of magical token? Absolutely nothing.

This alone will mean that Asian investors have more incentive to invest in bitcoin. Capital controls are tight in asian countries, which means that prices can be bumped up dramatically compared to the rest of the world's exchange rate for BTC. This means that there is a pile of excess capital lying around - why not invest it in BTC because you've already got enough apartments in China? I guess that's why a lot of these Asian people can take a lot more risks, because they are naturally people who have already got some wealth behind them through all the years of hard work and saving up.

Could I have a link to the article or thread on Quora please?
 
There is no point believing them, it is just a bunch of bored people on Quora who probably have zero to none knowledge about bitcoin, and of course it is all rumors which don’t have much evidence supporting it. These rumors have been around since bitcoin first boomed. They just want to take advantage of you and make sure you sell low and lose money. No not believe anyone but yourself. Everything has haters no matter what it is and how successful it is. Just ignore them and go on with your life.
 
I do think that maybe in 20 years bitcoin will probably not be on anymore since it would be old tech but in the next couple of years I would love to see bitcoin grow and I have no doubt that bitcoin will be number one for at least 5 more years.

Right now, bitcoin is not really convenient and good for everyday use, mostly due to the long confirmation times and high transaction fees. No one wants to pay a 10 dollar fee for 50 dollar fee, just for it to speed up. For most shops that accept bitcoin right now, the shop owner may ask to see your wallet in case you double spend, but it is mostly up to the manager to determine whether to accept it or not.
 
For example, say you are purchasing a TV or something that is in the 4 digits. The merchant will probably not let you give your word that you didn’t double spend. They will probably ask you to pay you a higher transaction fee that their payment could be received within that hour. It is mostly up to the intelligence of the merchant and if he is willing to take that risk.

This should have been posted in speculation, but I’ll answer your question anyway
 
I don’t think that is the reason why bitcoin isn’t reaching 3k yet. Transactions fees won’t kill a cryptocurrency. If the transactions fees were high, people would be holding bitcoin since they would not want to play a hefty transaction fee every time they buy something or move bitcoin. Since people would not be selling bitcoin, the supply would have decreased, and the people who would want to buy bitcoin would come to realise that there wouldn’t be as much people selling it due to the high transaction fees. These factors should actually raise the price of bitcoin, not drop it.
 
If the transaction fees are too high for you, just wait for August the first, where segwit will get activated which should in turn lower transaction fees, since the miners won't pay that big of a transaction fee.

I have seen this question many times and i will continue to answer it the way I usually do. Every investment out there is not 100% safe. If you invested in gold and thought it was safe, think again, the government could seize it like in the great depression. What about leaving your money in the bank, the bank may go bankrupt and you wouldn’t get your money back. Thinking about investing in the stock market, the whole thing could crash the next day. Same with bitcoin, no investment will be 100% safe and have profit, that is just too good to be true.
 
Even though with these risks, I would still invest in bitcoin since it seems to be a good option out there and it seems to be on a steady rise up. But, don’t put all your eggs in one basket. Diversify your portfolio. Have some money in everything. This, in my opinion is the safest investment option.

Pretty sure you can use a custom fee, you may have accidentally set it on high priority which takes a higher fee but accelerates your confirmations. If you are just doing microtransactions, set the fee lower so it takes your payment to arrive but the fee is smaller. $16 though, that seems way too much of a “default” transaction fee. $16 dude,that is nearly half of your transaction. Either you just accidentally set it on high priority or the transaction fees have risen drastically. Your $16 is around 0.006 BTC while mine is less than a third of that! When segwit activates on August the first it should lower fees down.
 
If you are not in any rush to transfer money, just wait since this usually happens due to an abundance of micro transactions, try to transfer large amounts of bitcoin since then the transaction fee should be smaller.       

That is a good question, how will they even find out of my bitcoin since I do not tell anyone my password to my wallets, so will my bitcoin just stay in my wallet without anyone knowing. This might be a good idea to give your bitcoin to your kids or family, but if no one knew the password to your online wallets how would there be anyway to transfer it? Maybe write down the password to your wallet on your will? That would raise a bunch of security issues though, so I guess the solution for this will be difficult.
 
Don’t make the quest too hard though, your kids will be going crazy.
 
This is an amazing idea though, if i died i wouldn’t just want my bitcoin to go to waste. But how would you make sure that the bitcoin be split equally. Maybe having 2 different wallets to give to 2 different inheritors.

I do not think that an atm will be completely necessary but it would have nice benefits. I think it would attract more people if they knew that the money they earned from bitcoin could be used could be used online and also turned into fiat currency, I think that then people would be more interested in bitcoin.The question would be who would sponsor the bitcoin ATMS, since it would cost a lot of money to build, install and maintain these ATMs. Maybe get some bank to help with this, since then people would give bitcoin a go since it would be backed by some big bank. The problem with that though is that banks hate change, so it would be highly unlikely to get a sponsor for all of this.
 
Good idea though, could really help grow bitcoin into a regular currency and attract some more attention to bitcoin .   

Yeah sure have some money in cryptocurrencies but what if the cryptocurrency goes bankrupt? That is why it is always good to diversify your portfolio in case of that happening. I would recommend having some in the bank, some gold bars stashed under your bed, money in cryptocurrencies and maybe some spare cash stashed away somewhere. There are lots of trustworthy ways to expand your portfolio. Having all your savings in one form is not very smart since nothing is 100% percent safe. Cryptocurrencies might crash the next day, gold may be seized, banks could go bankrupt the next day. This is the reason why diversifying your portfolio is important since it can improve your odds of not losing a heaps of money.
 
But go ahead, invest a bit in bitcoin. The future for bitcoin certainly looks bright, especially with it getting so much media attention due to the japan, I’m certain that bitcoin will reach 3k by the end of this year.

Really now? I am pretty sure bitcoin is most popular right now and it doesn’t look like bitcoin is declining in popularity right now. What do you mean by ETH passing bitcoin?
 
I do think that ETH will grow but for ETH to grow so well, but for it to grow, so it beats bitcoin seems very unlikely especially with bitcoin being so popular. There are faults in bitcoin, no doubt, with the long confirmation times and transaction fees. Even though bitcoin is relatively old compared to new cryptocurrencies it has a lot of media attention, especially with recent news related to Japan. Bitcoin has most of our trust and it would take another cryptocurrency with even more trust and a better reputation to take over bitcoin, or who would ever buy or use that cryptocurrency? No one would trust it, since it would be too new

The majority of everyone is holding for a big price increase, we are still recovering from a drop. Now bitcoin has become internet gold and the future for it seems really good, keep holding on to it for the next 3 years and maybe we will all be millionaires. Most of us here are pretty much bitcoin definitely has the potential to rise incredibly high, especially with the recent news related to Japan, the demand for bitcoin has grown immensely after that.
 
In my current state, I am currently holding 60% of my coins which I keep in a separate wallet to prevent myself from using. With the rest of the bitcoin I have it use it for shopping and trading, I think it would be beneficial for you to save some bitcoin also since most of are just waiting for bitcoin to explode again.

That would never happen due to the slow confirmation times, transaction fees and other faults.
 
Say you went to buy groceries using bitcoin, you bought 100 dollars of groceries and paid a 5 dollar transaction fee, while if you just used cash you would have saved 5 dollars. How would the shop, you are purchasing from feel waiting a couple for a couple of hours for bitcoin to arrive in their account?
 
There are also governments and people who are opposed to bitcoin, how do you think they would feel if their currency was replaced with bitcoin, the currency that they OPPOSE. The reason cash works is because it is already accepted everywhere in that country and it is rarely opposed.
 
The only way for this to happen is for bitcoin to overtake card and fiat currency is to become popular, but I don’t think that will happen soon since people hate change.

This isn’t really the bank’s fault but instead it is the people controlling the banks. What is annoying though is when the banks think something is suspicious and what is not. I think one day, there was a marriage and baby shower that my best friend held. I had to withdraw an amount for my friend but after I withdrew it but the banks thought it was suspicious. This caused heaps of issues that are too private to mention here.
 
I also hate how the banks have so much power which means they can close withdraws anytime which causes a lot of fuss. But banks are still incredibly useful to us. They give us a safe place to store our money and help stabilize the economy, they also give our loans and make mortgages viable for usually everyone. And most of the time you would rather trust a bank for a loan than someone else.

Right now I just don’t think this will be possible since gaming is meant to be a hobby, not a job, although there are some ways to make money out of gaming
 
Become a professional gamer and play tournaments for money.
Become a popular streamer on Twitch.
Get sponsored to play.
The last option which is very grindy and does not really work is using faucets which require you to grind a game for a small amount of money. This really is not really effective since it is just a waste of your time for pretty much nothing.
 
Anyway, there are methods to earn not bitcoin, but gift cards. I think there is an app called app bounty that offers points for downloading apps or doing surveys. Then you can convert the points to gift cards or Paypal I think. You could also sell the gift cards on here for bitcoin also.

A few months back I probably thought this would be impossible, but after spending some more time looking at alt coins my view of this has been slightly changed.
 
In the next 10 or so years, I still think it is impossible for bitcoin to be overtaken unless some drastic event happens that no one could foresee. Bitcoin is trusted and fairly popular, compared to other alt coins. It would take another cryptocurrency with the same or more trust and popularity for it to even have a chance of overtaking this. 
 
Another way for an altcoin to overtake Bitcoin, would for it to fix Bitcoin’s flaws. Maybe the altcoin that overtakes bitcoin has a fast confirmation speed, lower transactions and etc. I certainly wouldn’t mind using that type of cryptocurrency.


This is a really good example of bitcoin. Bitcoin mostly started the whole cryptocurrency thing (although there were other cryptocurrencies made, they all crashed) but maybe in the future their would be new cryptocurrencies and Bitcoin might be overtaken.

Firstly, something like that or the Great Depression repeating itself seems very unlikely and I don’t really believe it. It’s just a couple of people’s opinion and predictions, but it still is possible. After the Great Depression, I feel that the government has to be monitoring our market and making sure we don’t go through another financial crisis anytime soon. A couple of years back some of the big banks, which we thought were too big to crash actually almost crashed, a lot of them actually went through financial problems.
 
I don’t think if the market crashes it will be good for Bitcoin and cryptocurrencies in general since if the market just crashed after us thinking that it wouldn’t, what is to say that cryptocurrencies don't crash the next week? Let's hope this doesn’t happen because to be truly honest, I would have no idea what to do with myself.

After reading this article, I totally agree with this guy, I feel like the hate towards Bitcoin is way too much and way too unsupported, I feel like there are way too many people who hate bitcoin and don’t now anything about it. I think the reason why is because so many people hate bitcoin right now is that it seems like an opponent to their daily lives. People hate change and bitcoin is a change to those people’s payment options.
 
This person who made the bitcoin is trash article either has some personal vendetta against bitcoin or is just oblivious to all the good that bitcoin has done. Why didn’t he mention how bitcoin created jobs for people, how is a new piece of technology that can make people’s lives easier? The recent events that happened in Venezuela is an example of this.
 
People like this, who write articles shaming something without much research, just really get on my nerves.

You mind linking all of us to the actual trolling? I've seen some constructive criticism regarding Chipmixer but haven't seen any sort of legitimate attempt at trolling, at least, yet.


Hmm, it would be very very hard for them to do. What kind of tracking company are you referring to here? Most tracking companies track your identity online, your IP address, etc. Haven't really seen any try to track where bitcoin is heading. Do you mean sites like walletexplorer.com? Then i'm 100% certain that mixing your coins with chipmixer will avoid any sort of detection on that site.

Anyways, telegram bot looks awesome, keep it up.

I think that the article really sums it up well. The current situation is that bitcoin is still largely a speculative tool and an investment, which is good. I invest bitcoin for the long term as well and hold it to store my wealth away from prying eyes. Bitcoin is incredibly useful for this. It is also used to transact online, and is also easier and much more secure than credit cards which can get into the wrong hands easily.

However most people that accept bitcoin accepts it on the basis that it can be converted to fiat in real time via a service such as Bitpay. This is not good for stability of bitcoin, nor is it good for the usibility for bitcoin. If bitcoin can transact in real life as well as online, it'll make it much more useful and therefore give it a much better chance of gaining mass adoption.


Agreed, it's best to save BTC for overseas transactions for now.

Exchange ddos attacks are most likely unrelated to the current crash.

Maybe it can explain why altcoins are crashing, but definitely not bitcoin. Also it should be noted that poloniex essentially went bust around 1 month ago but at this timeframe people were still pumping altcoins, as seen when Ethereum went to $400.

Point is that exchanges being defunct or partially defunct is bad, but not enough to make the whole market crash this much.

This is the thing that i agree the most with. Traders rely a lot on their emotions even though they try to limit it. 3k was not broken on most exchanges, and it'll cause a lot of traders panic selling.