I agree, bitcoin definitely cannot die of a single country (however big) banning it. Price may dip, mining difficulty may decrease (if China bans mining), but it will recover.

Seems to be a reasonable estimate. Not crazy, like a million USD or tens of thousands by the end of this year. In a few years... maybe. And only 300,000 wallets worth more than $5000... well, I feel priviliged.

Looks like my message (#178) became buried in the large volume of others. I became a member more than a week ago and changed my signature correspondingly. Please update the signature spreadsheet (entry #69).

Good article. Yes, bitcoin is volatile, altough it is becoming less and less so, and the current decrease is quite typical and expected, but not sensational.

Form submitted!

1 million USD per BTC is extremely unlikely in foreseeable future. I do not plan to "cash out" the whole amount simultaneously. I sold some when the price was below $1000 and some even earlier, for less than $100. Now I regret it, so I plan to hold the majority for a long time, unless I desperately need money. Not until $1,000,000, but until a few tens of thousands USD per BTC at least.

Such fall is unlikely and may occur only is something very serious happens (a critical vulnerability found, etc.). In such case buying a lot of coins may be unwise. Personally, I don't have much and the majority of my coins were mined years ago, when the price was below $100 (and below $10 some of the time). I do not rely on them in any way, so it would be very unfortunate, but would not affect my present well-being.

Definitely not. The current economic system simply cannot function without financial capital institutions. Banks may change, they may embrace bitcoin or start their own cryptocurrencies, they may be disguised under a new name, but another form of money cannot make them disappear.

Hold, maybe buy more at the dips. The long-term uptrend seems to continue.

Bitcoin scaling problems are not caused by the language choice. Transaction rate is limited by protocol design, not processing power.

No, unless you use these coins in active trading and they need to be available at the exchange. 2 BTC now is large enough to use a secure wallet which is completely under your control.

People from the Wall Street? Never. Manipulating the market is their bread and butter.

Airdrop received, thank you!

I think the long-term trend remains upward. Bitcoin is volatile, although it seems to become less volatile than before. Therefore, short-term predictions are almost impossible. Will it temporarily fall down to $3000 again? Maybe. Will it rise above $5000 until the end of the year? That's entirely possible.

Received the airdrop, thank you!

I received my tokens, but I had to add custom token to MyEtherWallet to see them, as described here: http://authorship.com/2017/08/01/how-do-i-view-ats-tokens-in-my-wallet/. Without it, nothing is shown.

I got my tokens, but I had to add custom token to MyEtherWallet to see them, as described here: http://authorship.com/2017/08/01/how-do-i-view-ats-tokens-in-my-wallet/.

"Never" may be too strong a statement, but the current situation seems to be a good opportunity for buying. It does not look like 'the end'. Bitcoin survived much bigger drops in the past.

Got the coins from the second airdrop, thanks!

It depends on the amount of coins, number and frequency of transactions you expect to make, and even the hardware you have. For long-term secure storage of significant amounts you may consider a 'cold' wallet (created on a freshly configured computer or a virtual machine which is offline and guaranteed to be free of malware) or hardware wallet. For small amounts and frequent transactions even online wallets or mobile devices may be OK. Personally I prefer Electrum (https://www.electrum.org) as a lightweight desktop client. It is frequently recommended here, fast, easy to use and secure, and also a good choice for cold storage. Full client is for enthusiasts only, it requires more than 150 GB of storage for the blockchain.