Most people dumps not just the bounty hunters. It is a natural reaction by people who fears losing due to several ups and down of the cryptocurrency prices. If the concern is just the dumping by the bounty hunters I think not all are really dumping their coins. Many are still having strong hands to wait for prices to go up again. Should bounty hunters be blamed for such dumps in the over all price? I would say no, since the bounties given are just a very small amount compared to the total volume the investors have.

I am hoping as well that dollar will recover because as of this time many countries that have dollar as their secondary currency are affected. Bitcoin values are as well affected and the possibility of affecting cryptocurrency in general is very high. It should be noted that since bitcoin is connected to prices of dollar and bitcoin is somewhat a reference to other currencies as well, everything will work like a chain that affects everything connected to it.

I think there is more to resolve on the actual usage so that we could really have a clear analysis of the current situation. People invest money in the hope that there will come a time when the coin will priced higher than when it was bought. Of course we know that the price of the coins are linked to the demands or usage yet the real scenario of buying the coins gives a false value. I said false, because people don't really use it and many though not all, buy the coins hoping that others are as well buying so that prices will go up and they could earn from the rise of the demands for the coin. But this should not have been the case because it will only hide the real truth about the real usage. When people will then decide to sell their coin because they can't wait for the value to go up, volatility could be the next event. Especially if more people have thought just the same. This is the reason why the prices couldn't just go up because there was no real usage. With real usage there will be real average demands and the more stable will be the coins. So when should we invest? It should be during times when the coins by itself will have a better use. I think that is the best time but anytime will do but consider the possibilities of losing your investments and be safe always.

Eroded for what purpose? Isn't it because of money that people wanted to invest in these coins? I think for now, as we don't know yet what is in there for us in the future, it will be quite impossible to just remove money out of the equation. Knowing that the only link towards the economy of a country is the paper money that the government is controlling for the purpose of stability, I think it will be that hard to replace it.

This is a very positive statement which gives life to bitcoin but honestly for now as I have seen it, bitcoin doesn't have the potential to really replace the main physical currency. I do like the idea and your support for bitcoin but bitcoin cannot stand alone because it exist with those things you mentioned backing it. Without the real money bitcoin would not have been as it is. People accept it because it can be exchange back to fiat currency. How would a person be so happy about it without really having it exchange back to fiat? I think that is the main reason why people are really investing, - "that is to gain more money out from bitcoin".

It will not affect given that the users of bitcoin in that area is relatively small. Political situations or crisis could really have an impact over the economy of a country but because bitcoin had a great scope, there is only perhaps a possibility of a very negligible effect to bitcoin not unless if the country may have been the greatest users of bitcoin. Say for example if a country does hold half of the total volume of bitcoin and all of a sudden they would want to sell it due to political instability or banning of the coin in their countries. Yet so far none of these things are quite possible since almost every country supporting bitcoin are really pushing it positively.

Surely this is a topic that needs to be resolved clearly as this creates a FUD. One word that can be destructive is enough to destroy many years of hardwork to let bitcoin live especially during this times of struggle for cryptocurrency. I would suggest to my fellow forum members to stay always on the positive side so as help bitcoin recover positively over time.

Even if it money is gold backed or silver backed it doesn't matter anyway. Even if it is not backed by the two and just backed by banks it still doesn't matter as much. The reason why the Government would like to control the value of money is for economic stability. The government just cannot lie about what they hold and say that they have lots of money in their position and that they could back up the any amount of fiat currency. Printing a lot of paper money backed by nothilot of US Dollar, wants to buy something from the US like medicine, food, etc and use it to buy their products, could they gain from it? I certainly think not! So what I am trying to emphasize now is that the creation of paper money is controlled and it does not go out of US without something backing it and without consideration of their economic status. Otherwise there resources will be gone with paper money or fiat currency back on their position without having to receive any better benefit from it. Bitcoin is almost similar to the fiat currency you have describe. It is a useless piece of code not unless their is a real usage for it. And what is backing it is fiat currency. So if we say it will replace for example the US dollar is quite impossible for now because as I have said their is so much to control about fiat currency for economic stability that is why governments are tracking bitcoin trading. It is not because they hate it but because it is need for stability. It does not and will not make a country rich. It only makes them unstable. Stability over the prices of dollar for example, is very crucial to the economic status of the United States. Be it not backed by gold or not, it is always a concern by their government to hold or limit the transfer of money going in or out. Should they print more money in paper, how will they sustain transactions with other countries doing exchanges with their money?

In the fields of business ripple stayed atop and is really a controlled cryptocurrency. This allows ripple to grow in a pace where the company would be controlling it so as not to flood market with the coin and allows them to have better control over their price. This is the reason why we can see ripple as stable as it oftentimes is. Their company has attracted banks because of this idea. It is more of a centralized coin because of this method of holding on to their prices and controlling volatility. For now they are doing good I just don't know in the future but let us just wait and see and don't get so much FUD rather do a lot of research and analysis.

For as long there is no actual physical damage made to bitcoin, I do think not a nation will be able to destroy it. Bitcoin in its real state is just a piece of code. It doesn't even have the value. And what gives it life are the demands for its usage and the importance it serves to the daily lives of the people. So what will happen if china quits using bitcoin? It will still be the bitcoin we know and will remain as it is for as long as anybody will still use it. The price may go down but their will still be bitcoin.

These were those days when bitcoin was at the height of the great hype and success. Later as the hype receded what was left was the actual constant demand that people had shown towards the use of bitcoin. Not much is changing today though I believe others are just keeping it until the price is high. Volatility stikes because many of the users are just keeping it for trading and not for actual use.

If countries will be joining cryptocurrency market, it could be a sign that it has made its way into the public. Cryptocurrency exchanges and other shops or business using cryptocurrency cannot stand alone or exist without the users or clients, therefore this would only suggest that it could have made its way to the public. What was lacking now is the idea that we should use it more to allow growth and demand for cryptocurrency. This will help in the recovery of the cryptocurrency market soon.

No matter what people tends to make ways on how to deal with things the other way around. Blockchain technology may help the least we can expect for the corrupt officials of the government to start seeing how they can be easily traced back to their expenses or whatsoever. Yet still like a rat trap in wooden box, I am certain that when it is possible for them to do something to avoid being noticed, I think they will have to create another hole to work their way out unnoticed. Yet at least we will be doing something to limit them with blockchain technology, which I think is a very good way to prevent corruption. And so I agree with this idea.

This is certainly the case. We knew that the cryptocurrency had a very little use in the real world. As payment systems it really did work, but to be used for most transactions is a no. Despite how much people had been using it for trading yet is still is not even so popular such that using it would increase its value.  There is not enough stores or shops that have used cryptocurrency as payments or as a digital currency or digital equivalent of money to pay for the products bought. Because of these ideas people got stock only to trading not realizing that the coins could have been so useful had it been used differently.

It is hard to really have the potential cryptocurrency or fiat due the large area where people do have differences in terms of race, beliefs and ideas which leads to the creation of groups. Because of this people would have a hard time to reach and agree to a single choice for a cryptocurrency.

 
 

It is always a general rule to doubt things when you are just told and don't have direct experiences on things. Most of them doubt it especially when things are too good to be true.  Bitcoin had done these during times when unexpectedly the coin had pumped so high that others were lucky enough to have participated. These can be good to those who are haters because they would always want to have basis. Just leave the haters, no need to argue and let the evidences do the job.

I believe that this concern of failure of the fiat currency is a thing the government is always been monitoring for ages. I don't believe that these dollars doesn't have some basis. You can't just create fiat money without something backing it up or else certainly the economy would fall helpless and will crumble. How would anybody trust the value of paper without the assurance that the government being the owner doesn't have some back up value for it. And how can such a government stabilize the economy by printing a useless paper only?   So that I believe that something is backing up fiat and it is not just a paper money. It is similar to how cryptocurrency works because cryptocurrency is backed by fiat in the real world although others say they have some other things to back it up like gold, oil, etc..

For me it might not be that easy to fill the USD's role as a real currency. We know for a fact that indeed bitcoin is really a wonderful and useful cryptocurrency, yet we have to consider how quickly it can become very volatile which maybe bad for a currency. We also know that bitcoin is not being governed by anybody and therefore regulating the prices may just be difficult. We know how any government needs to have the power to regulate its own currency for economic balance. So for me it is too early for bitcoin to replace dollar or it might not really be a big possibility in the future.

It is not about what letters are in the word but I would be affirming to the idea that if you have the knowledge or you learn something then earning is possible. Even when you would only have the knowledge and with no product to sell, still you can sell your knowledge and earn from it. In cryptocurrency it is very crucial to have learn something about it before really doing business or investments. Failure is expected for those without knowledge about cryptocurrency so for me you are really right about it.
 

As of now theres is not much usage for cryptocurrencies. If it could be used daily then there could be an increase in the price and the demands. Now because I haven't seen such great increase I think it is not really and generally used by many yet. As an evidence I haven't seen a quite number of stores or shops selling products using bitcoin and other cryptocurrency so I did not use as much myself.