You're saying that gold is better because it has uses as a metal. Is that gold's only advantage? I know some features of bitcoin that gold doesn't have and will never have.
Bitcoin is a means of exchange and can be used like a normal currency.
It can be used for cheap and instant transfers around the world, which is impossible in the banking system.
It can be stored in your pocket, no matter how many coins you'll have.
It's easy to divide.
Has a known supply. Gold's supply is limited, but we don't know how much of it is in the ground.

You should rather hold thinking of a right time to buy stuff. Why do so many of you treat Bitcoin like a stock that is only worth a certain number of dollars or other fiat money?
Bitcoin is money by itself and we should be treating it as such. It should be exchanged directly into real estate, cars, clothes, food, and other things.
Don't think of it in buy-sell terms and you'll feel much better in this bear market.

Buying is by far the best option. It doesn't even compare to mining. When you buy you get all your money converted to coins instantly and when you mine you get your money converted to mining hardware that slowly mines coins. It's a much less efficient process. What would you say if a Bitcoin exchange started paying back your Bitcoins in shares instead of giving you them all at once?

I wouldn't change anything. Bitcoin is working just fine as it is. I also wouldn't want to be the person in charge, because it would kill decentralization and make ma a target. Things could have been much worse for Bitcoin if Satoshi remained active and at some point CIA or some other agency tracked him down. We never know how things would work out if just one thing was different. If there was no Mark Karpeles and his scam exchange, maybe Bitcoin would be worth 50000 dollars now?

They are still in the middle ages in some aspects. Capital punishment, public executions, denying people the right to send money abroad, just to name a few.
They are also one of the leading countries in pollution. Many buildings in China are falling apart and nobody cares, their work ethics is also lacking. I wouldn't put them on a pedestal here.

I like it that people in poor regions see an opportunity in Bitcoin. To us westerners it's an investment, to them it's a way to send money to their families and save themselves from hyperinflation. The only thing that I didn't like in the video was the lack of basics. At first you think it was made for the general public, but the majority still doesn't know and doesn't understand cryptocurrencies.

Your perspective is wrong. The ship is not sinking. It's going through a storm and when you saw it first it was on top of a big wave and now it's down below it, but next waves are coming. If you first saw it when it was below the wave you wouldn't think of it like it was dying.

In many parts of the world nobody knows what a Ponzi scheme is. These are called pyramid schemes or financial pyramids. I haven't heard of the term Ponzi Scheme until I came to Bitcointalk. This is an American expression.
This scheme is very easy to identify but people still fail to do so. When someone offers to double your investment in a year you should be very suspicious.

I don't see it happening because notes are becoming obsolete all around the world. In developed countries more than 50% of all transactions is done electronically and 20 years ago almost none of them were. People who lived in the 90s were used to carrying wallets full of money. Now they sometimes don't have any cash with them and have to run to the ATM when a store terminal breaks.

How do you know he was Asian?


One man created a light bulb, 2 men created an aeroplane, 1 man created the radio, 1 man created a nuclear reactor...
One man can certainly write a white paper and invent decentralized money.

Bitcoin was going up in value for more than a year, now it's time to go down in value for a year. What are those lows that you're talking about? We still aren't back at 2017 lows. In 2014 it was almost exactly the same thing. There was another wave of crashes in November and December and the price finally stabilized in 2015. It's all fine. The price doesn't represent the state of Bitcoin.

To be able to hodl with ease you need one of 2 things, or both.

• A lot of money, with only a small amount invested, so that the price doesn't bother you
• Bought long ago, when Bitcoin was below 1000 dollars

I got that second point checked and really don't care until the price goes below $800.

It's great to see that car, but what if you sodl in 2015 bear market? You'd have to spend 50 Bitcoins to buy an average sports car. 2 years later you'd still have that car, much older and worth much less, and a hodler would have coins worth almost a million dollars, able to buy him a nice house and a better car than you have.
I say HODL!

By popular demand
I have to agree, she's stunning.

Maybe you see things this way because you are a trader? I'm not a trader and I don't care that much. I've always wanted to have safe and anonymous money that I one day can use at stores. I still can't do it so I'm holding my coins and will hold them until it happens. If it never happens it's going to be sad, but it will mean that our society is not ready to be independent and we need others to dictate the pace.

They already managed to ban exchanges. What more can they do? Tell people that now it's illegal to own cryptocurrencies? What are people supposed to do if they can't trade them, but already own them? Throw something worth a lot of money away? Give to charities, because the government doesn't want them to have it?
I sure would throw it away if my government told me to

I wish that all the failed projects got finally shaken out and disappeared. Maybe then people would turn to some of the more stable projects and stop this bear market. It's been a year in this shit, and I'm really bored and tired of it all. We had so many scams in crypto projects and so many coins that needed to get delisted that this cleansing was really overdue.

The hacks you're talking about are usually companies going bankrupt and making up fake hack stories to run with whatever money that have left. What would you expect? We are back to Bitcoin prices from the beginning of 2017, many companies that started to believe in cryptocurrencies in 2017 and 18 are now barely hanging on.
The price of Bitcoin in fiat in a given month doesn't change much. It takes only a month for Bitcoin to go from 5000 to 20000. Today we are at 3 and tomorrow could be at 5.

You shouldn't expect it to stay at some imaginary level just because it has 10 years of history or because it once was there.
The bottom can be at 3000, or maybe 2, or maybe 1? The bull run will come but it may not be the bull run that you're expecting. The next bull run doesn't have to go higher than this one. It can fall to 1000 and then have a bull run to 6000 and another bear market for a year.

But you do expect to become one. This is the biggest problem of people who invest. They expect too much!
If you believe in Bitcoin invest and have hopes. Don't have expectations, or you'll become like all the scared sheep that are jumping of the cliff as we speak.