Unfortunately, we need more that sweet words for people to really adopt Bitcoin. After more than 10 years of existence, we are still wondering where is that massive adoption of Bitcoin can be coming from. Lately, the news coming from China caused some sparks all over the cryptocurrency market though it was just another Made-in-China falsehood as we now realized. Maybe we are looking at the possibility that if the government of China will approve of Bitcoin then there will be a massive adoption of cryptocurrency in that hugely populated country. But why look at China, in the first place? Is it not because in other countries we are beginning to see dull moments with Bitcoin? I am a strong supporter of Bitcoin, but we have to face the facts and realities so that we can be able to rectify and do something about these potential game-changing situations. Sweet words will never lead Bitcoin to where it should be and can in effect even be masking the real problems.

In my opinion, Bitcoin IRA has now limited options so shifting a part of their resources to Bitcoin can be a good last resort. Things are not doing well with pension plans, and they must do something about it because this can be affecting many people at the time when they need the most financial backing. I am hoping that eventually they are doing the right decision in staking a lot in Bitcoin. These people can be hoping for the big bull run in 2020 too. In case that bill run may not happen at all, there will be more eyes that can get a little wet.

There are certainly many good reasons why ordinary consumers are not magically entranced with Bitcoin. We have to remember that the romanticized reasons for the existence of Bitcoin in 2018-2019 during the economic debacle suffered by the USA are now slowly fading and are now subtle. Now, of course, one big reason for the difficulty in the adoption of Bitcoin by the many merchants is the lack of business volume coming from people who have Bitcoin, all because they are just holding the asset in preparation for that possible bull run. And we could not actually blame these people because for sure Bitcoin is a good digital asset to hold for profitability purpose. On the other hand, there is also no denying that tax matters are not helping the problem. As an ordinary consumer and tax payer myself, why would I want to be courting complications when I have many other personal and work-related things to attend to? That is not just making sense. And we could not expect that the government and the tax collecting agency to just magically simplify things for Bitcoin taxation because they themselves are having a hard time on how to treat Bitcoin. This can be taking a lot of time before things can be harmonized and rationalized.

We should not be basing our analysis on Bitcoin on many popular and outrageous predictions even if they are made by people who are well-known in this industry. I am sure that since they are not yet angels and still humans what these people are presenting are just their own ideas and opinions which can all be wrong anytime. Our own predictions can be as good as what they spewed to the public the only difference is that we are not covered by the press because we are not in the influencer level. Many Bitcoin predictions are based on nothing and certainly not on facts. Now, will Bitcoin go up again. Of course, but this is a question of time, obviously.

There are many big good news on the horizon but the market has been transfixed on the developments in China especially its crackdown on businesses that has something to do with cryptocurrency including the popular pyramiding schemes all over the county. The bearish mood right now is the reaction to this clear message from the Chinese government: Blockchain yes but Bitcoin no. I think that should have been clear right from the start but people are dreamers so we all fantasize that soon China can be changing its hard stance on cryptocurrency and then we are served with very cold water. And so Bitcoin even went lower than the level where it was during the time when China's President made a remark on the blockchain.

This industry must be desperate for real good news but instead of looking at China we should be looking elsewhere. We can never expect China to be the leader in the Bitcoin market and why should they when in fact they are even crafting their own cryptocurrency so why invite a big competition from Bitcoin? This just sounds so rationale. In 2017, China was a big force in the movement of Bitcoin and when the county finally decided to shun away Bitcoin it also crashed the market. Now, we are again allowing China to hijack the future of Bitcoin by default.

Can't we not live without China? In the world where Made in China products are having an avalanche I am asking that maybe we can spare Bitcoin from the country's influence and possible control.

I am surprised that you seem shocked with this latest market development of Bitcoin. For many times, Bitcoin's volatility roared its head and that is what we are experiencing right now. In many cases, the real and possible reasons will only surface after the said big dip when analysts can have all the time of their lives dissecting and explaining the details why there had been such a severe "crash" experienced by Bitcoin. Bitcoin has had been this way for many years now and I am also sure that this is not going to be the last. In an open market such as what we have now, people can easily be led to "oblivion" and manipulated to panic and sell their Bitcoin holdings pushing the market further down. And people can listen to just any possible bad news and react negatively, thus instead of holding they might add to the sell pressure of the asset.  However, we should not worry that much because Bitcoin will soon be going up.

I understand what you are trying to drive at. All the kinds of manipulations existed in an industry that is not really a highly regulated one, all because many feels that they can get away from doing something considered to be illegal in other industries. Well, what you are seeing is the expression of the other side of human nature and that side will really be taking the limelight if there will be no strict rules imposed and implemented to all players. When people have this perception that there will be light consequences on what they are doing, they will naturally keep on doing those things. Of course, the only way we can deal with this is a strong regulatory measures strictly implemented and with clear penalties on board. However, we are one industry that seems to be not so much in favor with regulations because we are assuming that regulators are not that needed and that we are better off of the government left us alone.

Good luck and more power on your class suit project against Binance. I am sure you can find some other people within this industry who can have the time, energy and resources to go against a giant of a company based in Malta.

I am wondering of the same question. There is a great disconnect in here or a great barrier that should have been surmounted years ago. Unfortunately, that is not what happened as centralized platforms with good marketing campaigns and much better offers in terms of incentives are reigning over the cryptocurrency market. So let's maybe analyze why this has happened, what are the reasons why people still prefer by the droves to use centralized platforms and what the reasons why decentralized counterparts are not getting attractive to these people. Once we have those answers then maybe we can see and plan how to change the balance towards the adoption of centralized platforms.

I believe that this news should have been a no-issue with the cryptocurrency market all because this is the official stand of the Chinese government since 2017, they don't want any cryptocurrency to take a root within its territory and business like exchanges are not allowed to operate, period! Good thing that the planned crackdown on Bitcoin mining has been postponed though there is still no guarantee that they will not eventually kick mining from their faces. Now, I do not understand why are putting on so much weight on China on cryptocurrency. This should have been OLD NEWS already because we already encountered this almost two years. Allowing china to pull down Bitcoin and the whole cryptocurrency market is a big insult to this industry and the many people who are believing and supporting Bitcoin.

In the world of business and branding, why people are paying big bucks on luxurious labels, for example a designer bag when the same utility of a bag can be bought elsewhere for just a dollar maybe? Why in the world of paper money, there are currencies that cost much when all of them are just made of paper? And yeah, why would people watch a movie of a famous movie star when they can just watch another movie of an unknown starlet when both are movies? You see all of these questions can be answered by another questions...

The form is asking for an ID, not necessarily a passport. I got no passport but I submitted a national ID here in my country. Now, about the bounty, I am not so sure if they are going to take this up since technically they are more for people who invested money with Envion or those who bought the tokens during its ICO period. Anyway, let's hope that I am wrong.

So in essence this is like offering many cryptocurrency holders an opportunity to use their digital assets to purchase on stocks of established (and I assumed must be earning) projects instead of getting into new projects or start-ups still in the crowdfunding process (like the usual IEOs, ICOs and STOs popular in our industry). Now, may I ask if the cryptocurrency will be converted into the current value? Because if that is the case so there is really no big difference between what you are offering and me converting my cryptocurrency into cold cash and then buying stocks from the possible companies you guys are targeting, except that instead of me buying individually I am part of a group which is actually similar to the idea behind the mutual funds.

I am sure that Facebook's Libra will be taking in this news as something they can still work with. Libra's people are all willing to work with the USA government just to be given the necessary approval to start the whole project. Strict regulations can in fact the best of Libra because we know that just like the government this is also a centralized entity and thus has to be subjected according to what that proposed law (of approved) do entails. And with this regulation in place, we might be seeing other players also coming to the market. Once Libra is approved in the USA market, it would be easier for it to penetrate the global market. Facebook has been a very regulated social media conglomerate so it is welcoming strict regulations with an open arms and even with a smile.

Exactly. I really don't find any sense in following these big Bitcoin holders on what they are doing with their assets. They own them, so they have all the right to do whatever they want to do with them. That is one essence of Bitcoin, and I am talking about freedom. We should stop blaming anybody who is moving his Bitcoin from one wallet to another as if the life of Bitcoin and that of all of us are hanging on the line because of what someone is doing. We have to leave these people alone, and we should stop listening to crap news like this. At the same time, we should also stop listening to any development in China as if Bitcoin is an invention of the Chinese.

There are many people who are asking themselves: Is Bitcoin really needed on their lives at least in the aspect of finance, money and banking? We have to accept that the impetus of the creation and existence of Bitcoin years ago have already faded today and many people do not care anymore about how the government and traditional financial institutions can be intruding into their lives for as long as these people get what they want in the process. In other words, we are now slowly losing the vision for Bitcoin and when only a handful of people are really sticking to the core beliefs and philosophy of Bitcoin then we can have a big problem and right now the symptoms of these problems have already started to surface. Let's just hope that eventually Bitcoin will be as it should be.

Certainly, being the first or the pioneer does not guarantee that it can be successful and that it can last. However, on the other hand, being first does not mean that it can eventually die or failed to continually take the top spot. Market realities demand that Bitcoin should have use-cases and must be adopted by the many and of course Bitcoin is not perfect (but what is?). So far, there is no powerful challenger to the throne occupied by Bitcoin. Now, will Bitcoin eventually die? Nobody knows if and when that can happen. Usually when Bitcoin is having a dip, innuendos like this will be cropping up and that is happening right now.

In 2017, China was one of the most influential factors why Bitcoin went up and down all because the market had been listening to many things happening in that country and consumed almost every press release coming from the government relative to cryptocurrency. I hated it at that time because I knew then that the industry was effectively hijacked by China, and we became like a toy to them. And now, sadly, we are again experiencing that big pull of China. You could not blame me if I would conclude that we are still in an immature market that can easily be swayed by false news and innuendos. We should not allow China to be the biggest factor why Bitcoin go up or go down, that is actually an insult to say the least. 

Ponzi scams are destroying the good name of Bitcoin and cryptocurrency in general. Well, Chinese are also good at scamming and scammers are good at taking advantage of any opportunity they can find. Maybe these scammers are thinking that since China is now a pro-blockchain country then they can start fooling their own fellowmen using the intricate pyramiding investment schemes appealing to the greed of anyone. On the side of the government, this is adding another layer of the many reasons why authorities are not inclined to allow cryptocurrency to officially enter the Chinese market.

The current position of Bitcoin is just the display of its volatile character. For the past many years, Bitcoin has had been declared to be DEAD but just like the legendary Phoenix it kept on resurrecting itself and rising. The volatility of Bitcoin is a two-edged sword, many will not like it but there are those who are excited to see it go up and go down like lightning. With so much energy infused into it, Bitcoin is emerging as a class of its own.

Now, because Bitcoin is on the decline, it would be natural to hear many negative comments about it, proclaiming it to be a big failure and will soon be zero in value. All I can say is that these people will be so silent by the time Bitcoin change its course and return to the top once again. And then the cycle happens again, and again. The only I hate is that it can be really dizzy sometimes.

People can get so creative these days just to be able to victimize people from their hard-earned Bitcoin. While they can be able to fool some newbies, never allow such a "jerk" to be able to get into you. Of course, not unless you can be happy being one of the victim statistics all around online and littering in the world of cryptocurrency. Most of these people are appealing to our greed, that small idea in our head that what if we are missing something and what if the offer can be true. Good thing that you doubt the offer, otherwise your 2 Bitcoin can be gone to air as soon as you made the transfer, no ifs no buts. The only we can effectively fight scammers is by educating ourselves and always using the power of Google to see if others had been victimized by the same scheme.