I think the basis for the education still goes back and teach how to earn it. Not how to spend it because practically you don't need somebody to teach you how to do that. More important is telling them how money or bitcoin for that matter comes along, that is finding a way to earn it, whether by earning by providing services, doing businesses, by investment or even about taking chance and gamble. That way they will learn to appreciate it.

That will be both but for me, currency definitely comes first. I can imagine that in the future, I can use it to spend on practically anything and it's more like a wealth protection knowing that the value of my coins would not be manipulated.

Finally. But it caught me by surprise when they announced that the block size will double every two year which I think need to reconsider whether it would be practical in the long run. It's not the computer spec that we are talking about over here because for me, processing power can scale up accordingly but what is more worrying is the internet bandwidth usage. Where I come from, it will mean paying a ton for the bills.

The best question you should ask yourself is whether if you end up losing all the money, would that cause a major setback that will greatly impact your life and the way on how you do things? If the answer is yes, then you shouldn't go ahead to take the risk. If answer is no, then by all means you should start to develop your investment plan.

Well, for me it doesn't matter if there's a spike as long as the search trend keeps on stable which means that there has to be new people discovering about bitcoin everyday with the interest is always there to make them wanting to search more and learn about it. Especially now that it's almost a year before we finally see the halving, so it's not a surprise that people will start to see it as an opportunity.

People thought it would fail during its first year. And then there were remarks circulating that it will eventually collapse. That same group of people that said the same thing during that time, is still saying it today. The worst part is that we have seen is how Mt Gox eroded user confidence but surprising, it all came back and rebounded. And for me, 6 years and still going strong, that is already considered a remarkable and huge achievement

I foresee if there is another round of global recession taking place, people will finally start to see and realize the potential of bitcoin. Fact is, it is human nature when things are fine and running smoothly, we will be less bothered about finding solutions and tend to be complacent in whatever things. When things turn bad, that is where the difference lies within.

In the first place, leave banks out of the equation and everything will start to make sense. The problem is we are trying to imagine a scenario about lending and creating money out of nowhere which is plaguing today's financial system and apply it to be the same in bitcoin. You can't claim that you own bitcoin until you can prove it in the blockchain.

Nobody could predict when it will happen or even whether it will ever become a reality but I imagine, if it does reach that level, it has fully captured all that market share from existing credit card companies, made some headway in retail over the counter spending while economic collapse has eroded people's trust in paper currency so badly that every single individual will have their own stash of bitcoin. It still has a long way to go but not impossible per se. 

While it sounds like a quick solution, that is considered far more difficult than investing in education, get some decent paying jobs, work on financil planning to save some money along the way to buy your supply of bitcoins before it's too late. Also, just thought that if you can create one, you probably won't ever need bitcoin in the first place.

If the limit is changed, that would totally removed the purpose and objective on what bitcoin is about in the first place. I don't understand why we need to come to that, fact is at current scenario with supply slightly above 14 million, it is already more than enough to meeting existing demands, not to mention that we still have further small divisible number as a backup plan. If the demands scale accordingly and there's a need for liquidity, we always have an option. That is already built into bitcoin.

Well you can always go ahead and create whatever alternate currency that you want, problem is, will the mass embrace it? IBM creating a centralized blockchain is nothing different other than seeing another new alternate coin popping out of nowhere and claim that it is far better than bitcoin. We all have our right to own opinion but issue is, will the rest agree to it?

While we try to answer the question, there are still many uncertainties at this point. Whether transaction fee will be enough to take over and become the standard network fee, it is probably is just a representation of the actual scenario of what we would like to have. I won't be around to see it but for me, I believe depending on the condition during that time, there's always options and workaround which can be implemented to change it.  

If it's slowly and steady moving up to $300 level, yeah then why not? But if it is fluctuating and moving up so fast, I would say better not. The idea here is not about whether it will reach that level but how fast it is moving up to achieve that. I would prefer it to go up slowly to allow the businesses to have time to absorb the cost rather than making the speculators happy which most likely they will dump the price once it has hit their target price.

And that is something considered good news. I don't why or how in any way they could impose vat since you don't register the transaction in the ledger. When you exempt vat, generally you are moving away from the conventional banking system that we are having right now and further distancing bitcoin into having its own payment niche. The plus point here is that it will be regarded as a currency.

That is because banks lend to each other and when one of it ran into trouble, it will drag the rest along. These are all caused by bad debts and I wouldn't be surprised that the laws and regulations did not really address all these to enforce and prevent another one from happening. And don't forget we also have the politicians to ruin it.

This is not the first time. Talks about imposing capital control has been in the pipeline for so long but it has yet to be fully implemented. I foresee when this is carried out, it doesn't really instill confidence in the euro as a currency, but it will just make things becoming even worse. Maybe you are right, people should look into alternatives and other channels to secure their wealth.

While to certain people, it sounds positive, but I just wonder why we still need bank to become the intermediate party. Isn't the concept of bitcoin is to remove banks from the transaction loop and depend entirely on the network to process transaction. But never mind, I'm sure things will change someday when bitcoin does not need to rely on anything from start till the end.

When it dropped $10, I hardly call that a drop in the first place. Even right now, when it's moving in the opposite direction, it's hardly a bull run. Whichever direction when it comes to bitcoin, it must move a lot and very fast, things like $20 - $30 in a matter of an hour to warrant something you would call decent. At its current pace, it seems good enough for me.  

It's normal that when price is going up naturally this also lead to more transactions taking place or the other way it's the transactions that are the one driving up the price. There could be some large buy orders taking place somewhere that we did not see and the seller is probably restocking up by buying again from someplace else. At this stage it's still purely speculation because we haven't read any major news/announcement thus far.