It's a problem that decreases and increases without final solutions, but it's not something fatal for Bitcoin... Otherwise Bitcoin would be already dead. Sometimes it's very nasty to see expensive transactions and it makes people move their money to other Crypto-Currencies or even go back to fiat, but once the issue is temporarily solved, investors come back to Bitcoin again.

And I believe in the future there will be a final solution for this. I don't know if it would be Lightning Network, anyway it will help a lot.
So I would say Bitcoin is 'temporarily' useless sometimes for those who want or need to transact very often.

To be a casino investor can be very profitable if you have a large sum of money to invest and it can be considered relatively safe, as the house makes profit on long term. The only issue is if the casino scam you, but there are tricks that can be used to avoid big losses for this reason, like spliting the bankroll among different sites for an example. That is one of the only ways casinos can be profitable on long term, being possible to make a living from this.

I'm liking to see BTC price recovering and stabling at this moment, but I'm not fully convinced yet it will skyrocket soon again. Seems it's hard to break the resistance. If whales don't want to help, probably some good news could help to boost BTC price...

It' still a unclear scenario about how governments will try controlling Crypto-Currency, it's really hard to do this and we can speculate about different hypothesis. I believe a solution governments plan to decrease decentralization power is to create their own Crypto-Currency, a digital currency centralized by the local government. It's not good in my opinion, "it's six of one and half a dozen of the other" (using fiat or centralized Crypto-Currency), no real benefits for enthusiasts.

A balanced solution could be found to benefit all parts, but only if governments put their own interests aside.
It's impossible to have a country with the advantages of liberalism (less taxes and fees), and with the benefits of a swollen state (welfare programs, state finances several sectors of society, etc...) at same time.

If a balance is found the economy won't collapse.

Would be better to have an electric car, however there is a strong oil lobby that doesn't let electric cars become a reality. There are much money involved and if suddenly everyone starts using electric cars, then a lot of rich guys will lose their wealthy income. And some countries that explore oil would lose the income as well. Electric cars + renewable energy sources are a good solution to decrease costs and at same decrease the pollution in the world.

The ironic is that it's already possible to become a reality, but because some people don't want, it's not put in practice.

The impact Bitcoin causes is destabilization in local economies, causing a strong headache on local governments.
Bitcoin is a profitable investment, much more than bank saving accounts. So people cashout their money from banks and put in Crypto-Currency, what can cause losses for banks as they are constantly using investors money to make their own profit (and sharing only a minimal part of it).

Tax evasion is another effect of Bitcoin on economy, so governments will have to review their politics, decrease public outgoing, decrease the size of state machine, review the welfare programs.

Another effect is decreasing the costs for everyone when making transactions. With Bitcoin and Crypto-Currency in general we have the option to exclude the middle-man, transacting directly person to person. Less bureaucracy, less stress, less outgoings, more accessibility.

It's true, the market is very different this time thinking about the users number. But I think there is an inedit event this time we didn't have in 2013-2015, the government's offensive against Bitcoin. It can reflect negatively over Bitcoin price, somehow like the incident with the mentioned exchange on that time. I don't know how strong is this factor and how it could affect Bitcoin adoption, but it worries.

What I believe is a good method to counter threats, it's to have a good number of investors from everywhere, because if a country attacks Bitcoin, it won't hurt a lot, as there will be many other people from many other countries to balance the market. We feel the pain now because some countries have great, unproportional influence over Bitcoin and if their governments do something against the digital currency, the impact is much stronger.

Besides decentralized, Bitcoin is being centralized in some main countries.

If you use only Crypto-Currency I think there isn't any problem. The problem starts when exchanging into fiat. If it were possible to avoid it we could use Bitcoin without any issues and regulations wouldn't affect us. Unfortunatelly it's impossible.

It's hard to know exactly what will happen, but I think if governments start bothering Crypto enthusiasts a lot, some few guys will try creating their own country with their own rules. Or some smaller nations can take advantage by offering shelter for these enthusiasts and being Crypto friendly countries.

I think we shouldn't go to extremes. Not so pessimistic, but not totally optmistic too... This way we don't alienate ourselves from the bad news, but that are real and necessary to let's us aware, and at same time we don't lose all our hopes, giving us more strength to keep believing in Bitcoin power and to find possible solutions for the currency's problems that are disturbing us.

Addiction is never good. I think the first step is to stop guiding yourself by other's movements, if you lose an opportunity today and others took the opportunity, don't worry, tomorrow it will be your turn. Each one has his own rhytm and it must be respected to don't affect your emotional side, that is very important for an healthy life.

You don't need to take a long break like a month, but you can decrease the frequency you are practicing this activity. At the beginning of financial life things are a bit harder and you need to be more present, but from the moment you have already made a nice profit on, things become easier and you have more freedom in your daily life as you will have more money at your disposal, to invest and to spend. Hard to lose everything this way.

These people aren't thinking well. The crisis is very common in Crypto-Currency world, it's the called volatility. If they sell now they will lose money, if they hold the coins, they will make profit when BTC price increases sooner or later. It's not hard to reach to this conclusion. When people see that Bitcoin price is too low, they focus in buying it maximum as possible, then the price increases again.

I believe no one loses an opportunity to buy low and sell high, especially big investors. The problem is if the whales are the governments...

Someone who managed to make big profit like this guy, could left the country, as the problem was the government's regulations. He could continue the operations in another country. Also, to suicide because a drop in BTC price it's a sign of some mental disorder. Any average investor knows about the volatility.

Financial losses were an aggravating, but not the main reason of the event. Hard to know what could be done to minimize the issues the mentioned young man was having in this case. But money should be in second plan in life, what you lose today, you can earn tomorrow again, especially here in Crypto-Currency world. Falls are a part of this world and investors must be prepared to deal with this, otherwise better to don't invest.

And who does decide if the regulation is good or not? The ordinary Crypto users don't have any choice power. Or they accept the regulation or they accept.


It can only be sensibly regulated if both parts have equal influence in the process, it's not the case. Government > Crypto enthusiasts.


That is pure blackmail. If people don't accept the government's terms, Bitcoin will be banned.

An unregulated market can only be dominated by scammers if the investor's majority are scammers as well. We aren't dealing with kids here, investors know about the risks and know many investments are scam, if they want to make legit businesses they will avoid these scammers. And if they don't want to avoid, problem is theirs, it's their own money in risk.

When does bureaucracy helped anyone in life? It just makes things more complicated and stressful for ordinary people. If you like regulations you have fiat under your disposal, but don't hurt Crypto-Currency world because you want to adopt the digital currencies, but with the same fiat's modus operandi.

It's the same behavior of that person who lives in a failed/chaotic country and wants to go to a first world country to turn that one into the failure his originary country is.

Don't feel sad about it, I believe many others have bought Bitcoin when it was pricing $19.000 too. I hope you have invested money you are afford to lose, what means you don't need to cashout it soon into fiat. You will have to wait Bitcoin rises on its own time, you didn't lose your money and you didn't have a loss, you can still make profit from it, but you need to be patient and keep holding. It can take weeks or months, but sooner or later we reach there again!

I don't see any problem on it. Bitcoin is an investment for any kind of people, not only the technical ones. Since people just buy Bitcoins and store it safely it's not gambling. Gambling would be if they start investing their Bitcoins in Ponzi HYIP schemes like crazy, or converting their Bitcoins into AltCoins without thinking twice. It's not because someone is a farmer, oldman, housewife that they will act insanely.

On the currently form it's a fact Bitcoin can't replace cash. Bitcoin can't be used for small transactions at this moment, also it doesn't have capacity for mass adoption. But I believe Bitcoin isn't here to replace fiat totally, we can live using several currencies if we wish. We have our local currency, we have Crypto-Currencies and we can use all of them for different activities. At least we should have the right to do this.

That is a good reason why scam investments should be avoided... But I think it's out of anyone's control. We are in a free world and people are free to invest where they want, it's their money in risk, they just need to know about the risks, what can happen if they put their money where they shouldn't. If even after this they still want to invest, it's their problem.

And regulators shouldn't use it as pretext to regulate Crypto-Currency market. You can list all the scam, suspicious ICOs, if people think it worths a try, because the profit, they will go ahead. What you can do is to aware people about the negative consequences besides losing money when investing in scam projects. Like the example quoted above.

I don't like the idea to have a country being the 'capital', the Bitcoin's central... Why to centralize something that is worldwide?
However, I think it's good to make other countries stop being so limited about technology and its adoption. Other countries will have to show some effort to be successful like Japan is being. It's a good incentive for all the rest of world. When they start seeing how Japan will be one step ahead, they will want to do the same.

But seems in Jamaica the situation is more complicated and shady than Ponzi schemes. It's about human trafficking, that is what is worring the local authorities. Anyway, I didn't find anything about a total ban over Bitcoin (yet). I don't doubt in few weeks or months they ban it completely because the reason listed above. They are studying what can be done about the issue, and what comes next is a ban or a heavy regulation, no doubt about it.