I agree with what you said. Though you cannot completely remove anonymity of transactions due to its decentralized nature, the opportunities it provide to all individuals, regardless of their social status, supersede that condition. In-line with its nature, the government of each country cannot impose regulations through tax impositions and monopolizing supply status in order to control the price. Bitcoin is open and free to anyone who have stable internet connection (though this might be considered as a hindrance to its development).

What are the reasons on why you thought that bitcoin's price would decrease? Sure, there are many external factors to consider when speculating its price every month but it has to be backed-up by reasons behind your decision to sell them. Regardless, as long as you made profit out of your investment whether for short or long-term, it does not matter. Unfortunately, if you kept your bitcoins today you could have sold them for around $6000 each, adding that extra $300 to your profit but who knows that its price would reach that mark.

I agree that the more websites are starting to accept bitcoin as payment, more individuals would be legitimately convinced about its transactions. But let us not forget that teaching bitcoins into universities are also a good alternative into spreading the information to the youth. In-line with this, they may develop revolutionary ideas or ground-breaking information that may further develop the block-chain technology into making it a near-perfect system in terms of distribution of currencies and payments. Hopefully, bitcoin's reputation may be further exposed into media allowing it to enter the market of big organizations that may invest into it.

The current status of bitcoin being not legal but not banned is the best status that we must maximize and not take for granted. No one really knows what will happen in the future especially when it comes to the legalization of the transactions. Due to its decentralized nature, government from each respective countries are having a hard time regulating its transactions under the dark web, which is the perfect avenue in order to buy illegal stuff. These are the things that we take for granted and personally, I suggest that we need to utilize bitcoin until its last drop, to prepare ourselves to unexpected announcements in the future.

That is primarily the reason on why bitcoin has reached another milestone in terms of price, doubling its price way 4 months ago reaching the $6000 mark. One of the external factors on why bitcoin's price is increasing is due to the constant demands of retailers, acknowledging its potential in the market thus, many are starting to accept it as a payment for their products or services. Sooner or later, the price might even reach the $10,000 mark assuming there are no forks, ICO banning, country prohibitions, or market failure (which inevitably will happen) by next year.

Technically, you are mandated to pay income tax despite earning through bitcoins or altcoins but it mainly depends on the country that you are staying especially if they are both regarded as 'legal ways' earning. Some countries though, have their respective views on cryptocurrencies and does not see the need to pay any tax through its decentralized nature. Like here in the Philippines, bitcoin is regarded as property, and not as currency, therefore it is not subject to legal tender. It is a case-to-case basis and you have the obligation to know it.

Based on the results given in the price history of bitcoin, there has been a constant increases on its price over the past few years. Just to give you an example, the price of bitcoins after the ICO prohibition in China was around $4200-$4300. After a couple of weeks, its price skyrocketed up to $5400 and now, it just stays at that mark. There have been rumors about an incoming fork this November, and this may be the perfect opportunity to buy bitcoins since it is inevitable for its price to decrease. But give it 2-3 weeks after the said fork, then the price will once again increase dramatically.

Sweden is regarded as country on the developed stage, which means that their technological and economic standards are higher compared than most of the countries around the world. Due to this reason, they have all the means on developing revolutionary methods of payment through the use of virtual currency.

Like what you guys said, every country has their own economic standing and those who are still on the "developing stage" cannot adapt the payment system via virtual currency due to having lack of technological advancements and different priorities to consider. Cash cannot become extinct YET since countries who are on the far side of the straw would cause chaos in the world market, and economy.

The one that gives security to your coins are your respective wallets, not bitcoin itself. Due to its decentralized nature, bitcoin is impossible to regulate by government entities or organizations making it less-secured compared to other types of investments. Also, being bitcoin's nature applicable only in the internet, it is subject to hacking (even if it is highly unlikely so) or scamming especially if the owners of that said wallet should changed their mind and get all of your coins. That is one of the factors that you must accept when investing into bitcoin especially today, sine all of its prices are increasing.

Obviously, those "troubled days" that you are pertaining to are times when bitcoin prices are down, thus making it the perfect opportunity for investors to take advantage of the situation (either due to hard forks, ICO bannings, etc.). Due to bitcoin's decentralized and volatile nature, external factors like the ones I indicated are inevitable in the market since no government entity or being can actually regulate bitcoin transactions. Not to mention, the number of investors who continuously support bitcoin increases per day which give a factor in determining the speculated price.

This is exactly why gambling can never be profitable in the long run. With that mindset of hoping you can win back all of your losses, that would only result of you, losing more. It's like you're just rubbing more salt to your wound. Personally, I suggest that you let that experience be a learning lesson for you to avoid gambling anymore in order to prevent this from happening again. Let that experience grow you as an individual and mature your decision making skills when it comes to prioritizing your obligations as an respectable individual. Stop your gambling ways and move-on to the next chapter of redemption of money through investing!

Short-term investments are primarily recommended for beginners who have a limited initial capital. Of course, when an individual is an experienced investor, he/she relatively is knowledgeable about the risks that one is taking. They already have acquired the suitable mindset when it comes to investing, compared to beginners who are still skeptical about their decision on investing. Regardless of the longevity of the investment, short-term and long-term investments are both considered and used by almost all investors depending on the current market price.

Personally, If I have the means of investing big amounts of money to bitcoin, I'll do it in a heartbeat knowing that I would probably accumulated profit in the long-run basing it on the price history chart of bitcoins. Though there may be a lot of external factors to consider in determining the price, we cannot deny the fact that through the years, bitcoin's price has been steadily increasing.

The answer is, they can't due to bitcoin's decentralized nature. No one can regulate bitcoin transactions due to the anonymity it provides but if the government of each country are determined to control bitcoin, then I guess that if they acquire at least more than half of the total bitcoin they can monopolize and control the price using the law of supply and demand. But I also guess that if CIA were to intervene with bitcoin transaction, then they just might crackdown the secrets of regulating it, thus imposing tax and becoming a state-policy.

It may be easier said than done since this would dramatically decrease the price of bitcoins to the lowest level. The decrease on the price of bitcoins are highly dependent on these kinds of factors, especially in the event of world-wide ban of it. Should there be a ban, then expect ICOs decreasing, investors pulling back their investments, and establishments removing the option of paying with bitcoins, then slowly its value will become worthless. Even if it still lingers around the internet despite the ban, I highly doubt that people would still utilize and use it.

This thread was made last August 21, when the prices of bitcoins were only around $4000-4500. Considering OP that you listened to the sets of advice given by profound individuals here, then you would probably noticed by now the profit you gained after 2 months of waiting. Soon, another thread will ask the same question about buying bitcoins today (since 1 btc = $5500 usd) and the answer is obvious, it is never too late to buy bitcoins in garnering profit in the long run. Bitcoin prices can never be accurately predicted, but can only be speculated by considering other factors.

Firstly, no government entity or organization can impose tax on bitcoin due to its decentralized nature, meaning no one actually has complete control of it. Imposing tax on something that the government cannot regulate will violate their powers and jurisdiction. Second, it is also a case-to-case basis and it highly depends on the country depending on their current laws regarding bitcoin. Lastly, bitcoin trading into different countries is no different from exchanging coins to fiat. It depends on the wallet you are using regarding their terms & agreement.

The future of bitcoin is highly dependent on the time-perspective that we aim for. For the short-term, bitcoin can be regarded as one of the best methods for investing due to its highly volatile price that has the potential of yielding the individual profit in short amounts of time, with convenience. But for long-term, it is very difficult to predicts its outcome due to many external factors that may affect its price. Nonetheless, bitcoin investments is a high-risk, high-reward system compared to other investments due to lack of security (decentralized nature) and control.

You are definitely right. All of my experiences serve as my guidelines and learning lessons in order to avoid my past mistakes as an individual. Learning from a gambling mistake will only work if the person sees GAMBLING AS A MISTAKE. But if he continuously gambles despite knowing the risks, effects, and implications from his/her addiction, then the person will have a really difficult time on adjusting and knowing his priorities. Personally, I stopped gambling on my second try because I know that this would never bear any beneficial fruit in the long run. Hopefully one day, people would realize that they are blinded by the illusion of gambling and see the light of hope in life.

No one actually knows the lifespan of bitcoin since it primarily depends on the number of investors and corporations who utilize it per transaction. Another factor in considering its lifespan is its availability in every country without laws prohibiting it. Currently, the number of countries who accept bitcoin transaction and maximization is more than the countries that prohibit it. But do reminded that there other factors as well in considering its lifespan, especially unexpected 'hard forks' or 'ICO banning'.

Earlier, someone posted in the forum that Japan reportedly has "a definite possibility of banning their ICO" like what China did. Due to this unexpected event, this would affect the price of bitcoins dramatically, thus decreasing the number of new investors that may potentially contribute in its utilization. Lastly, no-one really knows on how long bitcoin will last but as for now, just enjoy the opportunities it provide until to the last drop of blood.

This is what I am talking about. The price of bitcoins may rise given the fact the number of investors are increasing per day, but news like these pose a threat regarding its price in the future. These are one of the few external factors that affect the price of bitcoins and are not accurate indicators therein.
Should Japan ban their ICOs, then expect prices to decrease. Hopefully that "definite possibility" is only a possibility that may happen.