There have been many times bitcoin was killed, but, it always comes back stronger and proves doomsayers wrong. Bitcoin has proven itself to be anti-fragile. The people are the ones giving it value which I believe will make its price skyrocket in the next coming years.

$20 worth of BTC is a small amount but still, it can worth a lot in the future and every big numbers always start with a small amount of capital, but don't expect it to grow rapidly. What I suggest you to do about it is research on some high risk, high yielding POS coins where you can gain profit and multiply your BTC to a certain amount of time by the power of compound of interest. Be cautious though, because not many POS coins survive. Another thing you can do is cost averaging method and aim for long term.

Yes, bitcoin exists here in our country. In fact, they are beta testing a new exchange now trading BTC, LTC, ETH, BCH, and XRP. Hopefully, they add more coins in the future. Although, not many of us here in our country recognizes and understand how BTC works. Some people knew bitcoin as "Get-Rich-Quick" scheme due to Networking companies are using BTC to attract investors.

BTC reaching the price of $6k USD is highly unlikely now. We're currently seeing accumulation of whales by buying large volumes of BTC at the current price range. The BTC market tested its major support at $9.5k and we're heading back towards $12k and beyond. For the long term, once BTC has been fully developed and LN has been implemented, the price could rich the moon again.

It is not exactly true that the increase in price will not go down. If you really understand how the market moves, it is not always a straight upward movement. There will always be bump on the road before taking off to the moon. The bull run that happened recently is taking a breather currently and institutional buyers are accumulating BTC at a cheaper price. The higher volume being traded is proof that after the downfall, the next move is up.

Trading BTC in the market following the law of supply and demand is what determines the price of BTC. However, the costs in mining is also what makes BTC become expensive. The people gives BTC value because it was created for the people to enjoy their freedom for their wealth. It is a revolutionary advancement in technology which is different from the traditional investment vehicles we are aware of.

Bitcoin will always follow the law of supply and demand. By 2020, the mining rewards will be halved which means supply will lessen and its price could reach uncharted territories. The development and improvement to full potential will make people realize the infinite possibilities that bitcoin always have for us in the future.

Discipline in investment is important if you can't resist looking at the charts every 5 minutes. If you understand the movements in the chart, it can help you to know your entry point and when to take profit. The fluctuations and volatility like a roller coaster ride in btc price that you can access 24/7 is what makes it unique and thrilling investment vehicle.

The recent dump we're experiencing right now is some kind of minor correction before an uptrend. An exhausting bull run for almost 2 weeks since Feb 6 is what caused the sell-off. Those who have bought at a lower level are probably selling right now. It could also be possible that manipulation of the big whales are in play. Good news are circulating the mainstream media right now and institutional buyers and new players are eager to buy at a discounted level. It is best to ride the waves that these whales are producing.

In my opinion, the current situation in the market is the accumulation stage of institutional level, professional traders, and long term investors.  They are setting bull traps along the road to $12k so that they can buy more at a cheaper price of BTC. We are testing a major support level now at $10.3k and if it maintains that level with a higher trade volume, within next week - BTC price could breach $12k and beyond.

Sure, bitcoin's price could rise to the moon. But, this kind of article is what makes people blind, buying BTC and riding the bandwagon. Believing it could make them rich with less effort without understanding the movement of the market, and the technology behind BTC. When they see some blood in the market, it could cause them to panic sell thinking of salvaging what's left of their hard-earned money invested in BTC. The volatility of Bitcoin has been proven through the years, and every individual should have his own goal and strategy in investment instead of believing get-rich-quick schemes.

My goal with BTC for this year 2018 is to sell at least 20-30% of what I earned on every uptrend in BTC price, and buy more than my usual purchase during dips. The rest of my BTC is for long term, and I will just keep it in cold storage for about 5-10 years or until BTC has been fully developed and adopted among the majority of people across countries.

Day trading is not for the meek, but do not be afraid to take risks and try. It can be profitable if you understand how the market moves and know how to anticipate. Always apply the rule: Buy Low, Sell High - which many day traders violate because of either greed or fear. In bitcoin, the recommended strategy is to do cost averaging and HODL.

The belief about money and wealth depends on the individual. All of the mentioned beliefs could be applicable to one but not everyone or vice versa. It's just that you only have to apply what's applicable to you and if you fail, make sure you learned something from it and use it as an advantage to gain profit in your next move. Do your own research and study on how to become successful in your own definition of success.

Admittedly, I sometimes believe in the analysts representation on charts, but there are also times where I do the exact opposite of what they say about their analysis. So far, Bitcoin has an unforeseen future nestled somewhere in time and it has proven its unpredictability throughout the years. This feature of bitcoin is what makes other people attracted to it, falling into a belief that it can make them wealthy overnight, but in reality, it all depends on how they strategize in this volatile market.

As the old saying goes: "Men plan, God laughs". It is too early to celebrate and plan ahead on what you will do with your profit. You should set a smart goal first and once you have achieved that goal, try to invest on a more stable and passive income instead of planning to buy all your wants. Prioritize what you need first and do not live in a fictional reality your mind created.

Bitcoin's price reached $20k back in December 2017 because of the popularity it gained over the past years wherein even your cab driver knew about BTC. There were mixed news all over the mainstream media during its growth - Countries banning/adopting Bitcoin, hard forks, bubbles, new millionaires thru crypto, hacked exchanges, kidnapping, robberies, scalability issues, etc. I believe that people's trust and belief in bitcoin's technology to have the potential to become the future financial system and Lightning Network development, will help BTC's price to reach another all time high within this year.

BTC price fell down very fast in January because any parabolic rise in the market needs a correction. Also, there are those who took profit who bought BTC last year at a very cheap price. What will happen in the future market will likely be the same, it will always go up and down, following the law of supply and demand. Just stick your own strategy in investing, identify your own support and resistance - when to buy and when to sell. Do not be too greedy and emotional about it, Crypto is all about anticipating the anticipators.

If you will look at the chart and technical analysis on some of the trading sites, it is considered a buying opportunity and it does not matter whether it's a holiday or not. It could be possible that the Chinese have bought large volumes during Feb 16 trading but it does not mean for another bull run. The market is currently at consolidation stage and usually after that will be the breakout - probably within the next 2 months.

I think it is possible for Bitcoin's price to reach $20k within the next few weeks if this bull run continues. Of course, it won't be a straight upward movement to $20k, there will be resistance along the way, heavy selling and FUDs might occur but these won't stop BTC to prosper and reach its full potential - It will only make BTC stronger and popular among our generation and the next.