In my opinion, the most noticeable effect on the drop in the price of bitcoin is caused by negative news about the crypto currency. Bitcoin reacts very sensitively to such news, because this changes the ratio between demand and supply, and it depends entirely on them. Recently, we could see this clearly when the bitcoin course reacted sharply with its fall to negative news from China, South Korea, India and other countries.

Bankers, of course, will be nervous. Crypto currency provides an almost completely independent alternative system, competing with banks. Crypto-currency takes away a part of their clients from banks and bankers suffer losses, or, rather, their profit decreases. This explains the comparatively sharp negative attitude of them to the crypto currency. In addition, banks have made a different and more conservative approach to money. The Crypto currency completely changes the attitude to the essence of money and their ability to use between people for transmission over long distances without the intervention of a third party. Bankers are aware that this gives people more financial freedom, so they are against the crypto currency.

Bitcoin was created primarily as a vehicle for instantaneous movement of your money anywhere in the world. However, people because of their greed began to use it more as a bag for money. This is very bad, because with this approach, bitcoin can depreciate if it reaches very high price values. And it's not the bitocaine that will be to blame for it, but people who bring it to such a sad ending by their actions.

There is still a very real option, in which bitcoin can really end badly. This can be the case if people constantly buy and hold bitcoin in order to profit from the increase in its value. In this case, bitcoin will really grow rapidly in price and if it reaches very high price values, bitcoin holders will worry for their money in bitcoin and will keep track of news information about the crypto currency. If the manifestation of high bitcoat volatility coincides in time with such negative information, many nervous investors will begin selling their bitcoins, its price will go down even faster and real panic will begin. Bitcoin can quickly fall in price to the minimum limits, including up to its practical depreciation. Or think that this can not be?

It should be acknowledged that this warning, that bitcoin should cease its growth in price in a few days, was absolutely correct. I am a little surprised that such a conclusion was made on the basis of the diagram of his previous growth. The warning about not buying at that time bitcoin, because in a few days it will start to fall in price was prophetic.

Between the price of gold and the price of bitcoin, there is no relationship and can not be. These are completely different carriers of values. They have completely different status, nature and functions. The gold rate reflects the state of the world economy. Bitcoin has little to do with this. Therefore, in practice, they do not overlap.

As a member of the ICO signature campaign, KYC does not give me anything, I do not know anyone who does not present my documents to anyone and may be fraudsters, they try to get my personal information and a copy of the passport. How should I treat this? Of course, extremely negative.
I try, therefore, to bypass those ICO projects in which KYC verification is required. So they then begin to deceive us. First, they do not write anything about such a test in connection with the connection, and when the ICO ends, instead of paying the earned tokens, they begin to make such a check. This is a fraud.

How do you imagine that? States will all switch to international settlements in bitcoin, instead of their currencies? It's just, what's the point of them doing this? Use bitcoin, which changes its value every half hour? In my opinion, this will not happen. Of course, states can try it. I read that in December of last year Russia supplied Turkey with a barge some goods and calculations were in bitcoin. That is, agreed in advance on the payment of a certain amount in bitcoin. At the time of delivery of goods, its price has increased by about half. That is, one of the parties here has lost twice as much from the value of the contract. Then the price of bitcoin in two months fell from $ 20,000 to $ 6,500. Now the damage has been incurred by the opposite side. Do you think that the states can play such games for a long time?

It is precisely because bitcoin is very little used as a means of payment, that is, it does not fulfill its basic function of money, but is used more as a means of accumulating value, in other words, because bitcoin is more bought to keep and expect profit from its growth in price, it really rises in price and has high volatility due to the fact that it is not supported by anyone in the price.
Therefore, bitcoin will always show high volatility and will always be not stable in price.

Of course, this happens and will happen in the future. Indeed, during the last December rise in the price of bitcoin, during this period a lot of people joined it, who had only a speculative goal of profit from the growth of its price. That is why the course of bitcoin so quickly then grew and led to such a strong and prolonged fall. During such a fall, I think, most of these people have left bitcoin again, having suffered losses, and therefore for a long time will not be engaged in crypto-ala. In their place, new investors come. Let's hope that they will have the time and opportunity to learn from the mistakes of previous holders of crypto currency. In any case, awareness of the crypto-alaota, the basic knowledge about it, will grow, at least in connection with the existence of the instinct of self-preservation, in order to improve the security of the storage of their crypto currency and the possibility of making a profit.

Yes, that's definitely so. We can not say in advance whether our accession to a particular ICO project will be successful. Therefore, as if the case plays a role here and it resembles a game of chance. However, considering that in case of success, the profit will be pretty decent, there is also some interest in this.
However, in general, to participate in the generosity campaigns ICO quite profitable occupation.

I think that people like Mt. Gox from Tokyo now a lot. In recent weeks, bitcoin has been slowly but surely growing in price. However, no one can say how long this will take place. Given that he still has 180,000 bitcoins left, and he said he will continue to drop them in batches to pay off his creditors, this should be expected at any time, regardless of what he said that will happen no earlier than September.
Therefore, our forecasts that bitcoin can reach high price values, can and remain at the level of forecasts. Adjustments in its price can be made by such persons as Gox.

I do not think that bitcoin can be used as a single currency under interstate trade agreements. The reason for this is the same high volatility of bitcoins. International agreements are concluded well in advance and before practical implementation takes some time, sometimes even very significant. If during this time bitcoin will rise very strongly in price or vice versa, it will fall much, one of the parties will suffer big losses. Will these countries be able to play roulette with bitcoin for a long time? And why do they need it?

Satoshi Nakamoto is not omnipotent and he can do nothing to raise the price of bitcoins. To lower the price, he can, having thrown out on the market for sale his bitcoins available to him, which, according to various estimates, they have about one and a half million.
We can not know whether Satoshi Nakamoto is alive or not. He wanted for some reason to remain anonymous, because this name is just a pseudonym.

You can specify the cost of bitcoin at a given time. It is formed solely on the basis of a supply-demand relationship that will never be permanent. Hence the unstable price of bitcoin. Tomorrow, bitcoin can cost a lot or do not cost anything, because it is not provided with anything and is not regulated by anyone. The value of bitcoin is only in demand for it.

Ethereum with its present value can not be considered a bubble. This is a very still undervalued coin, a workhorse among the altcoyins. While in us the only financial bubble among the entire crypto currency can be considered only bitcoin. It does not have exclusive functions, but its price is tens and hundreds of times higher than other crypto-currencies. This is the main reason to consider it a bubble.

I generally prefer generosity campaigns. They bring quite a good profit. However, now it is rather problematic to start earning on this forum through the system of merit introduced since January. They are quite difficult to earn, and without them you can not move in ranks, and accordingly, your work will be evaluated much lower than those with ranks higher. However, it's worth a try. In addition, the rules on the forum can again be changed.

Crime has always been and the emergence of the crypto currency for its growth does not particularly affect. Bitcoin is used for illegal purposes only in ten percent of cases. Therefore, this should not be a problem. Especially not our problem. This should be the problem of the relevant law enforcement agencies. They are created for this and receive wages for their work.

Of course, this option is not excluded. The government can impose a tax on every transaction in bitcoin. I read that this happened already in Poland. There, citizens were required to fill out a separate document for each transaction in bitcoin and transfer this data to the tax authorities, that is, all the difficulty in collecting such information was shifted to the shoulders of the citizens themselves. This caused massive dissatisfaction and indignant citizens are organizing a protest there. How this will end, we'll see. However, if the tax authorities themselves collect such information, then this is unlikely to be possible. It would be more reasonable to set a minimum amount of a transaction in a crypto currency that would not be taxed, and this amount should be decent enough to free everyone from fixing small amounts that do not greatly affect the size of the future tax.

I'll decide that in the next four years bitcoin will not reach the price of $ 250,000. This can not be even under ideal conditions. Moreover, this is excluded due to the fact that bitcoin is very sensitive to all negative news about the crypto currency. In fact, it's not bitcoin that reacts that way, and alarmists, at the slightest threat to the price of bitcoins in order to save their investment, immediately begin selling their bitcoins. In addition, a significant part of bitcoin holders will sell their bitcoins only because they will consider that a particular price of bitcoin is the limit for them, or because they will simply need large amounts of money. An example of this can serve as a story with Mt. Gox from Tokyo, which is said to have sharply lowered the rate of bitcoin in December last year, selling three batches of more than 20,000 bitcoins. The same situation will be repeated very often in the future.

Proceeding from this, I prefer to periodically take profit from the crypto currency and place it on deposit storage in banks.