I think we'll eventually go cashless completely on the introduction of some sort of bio chip that contains all your details of your identity as well as allowing access to your stored funds, it will be used like a contactless bank card is now used except it will be an insert in to your forearm.

This theory never seems to add up. Stocks are an investment and for most people so is bitcoin. They're only aiming to grow their dollar accounts. If they're losing money in one market and withdrawing due to lack of funds then they won't move to another market, they'll move somewhere safe like bonds or just to a savings account.

I think it's a great idea, everyone I know uses whatsapp, being able to use it to transfer small amounts of money to friends will be a great convenience. The less apps I can be signed up to the better. I wonder if it would be a free service or if there would be a fee attached to it.

Bitcoin will only begin to be accepted globally when enough people demand it. Right now too many people still trust in FIAT currency and see little or no reason to use bitcoin. When that time changes and people start wanting to spend BTC then businesses will adapt to their needs or be left behind.

No doubt, some will be evident pretty soon. But crypto could end up being a different story. I'm yet to come across any project which really needs crypto for their underlying utility to come true. The only true use cases that have been proven so far can all be achieved by bitcoin and they mostly come in wealth preservation and transfer.

I think you're right in that there have not been any major breakthroughs as of yet, companies are offering blockchain services (IBM) and even exploring the potential themselves but I've not yet come across any stories highlighting the adoption and the benefits. It could be that it is too soon for that, even if blockchain technology was adopted it would take some time to be able to see results and draw comparisons to previous methods/systems.

It is the best approach for someone starting out and looking to acquire, it gives you a strong dollar cost averaging approach and ensures you're not overly committed too early on. There's nothing worse for a new investor than investing a significant sum of money only to see the BTC price halved inside a month.


I did not say it's impossible, it is just much harder than it was previously. Signature campaigns are less frequent and also less rewarding than previously because ICOs are not as successful and many of the successful ones have realized that signature campaigns are not the best way to spend their marketing budget. Unless you get lucky on a great project then it's likely to take years to reach 1 btc, even at the current price. This is of course assuming you're a legit poster and are only doing one account at a time.

For a large majority of people the best way to earn their first BTC is going to be to go to work and then spend their FIAT. Gone are the days when it's easy to earn a BTC or multiple BTC by doing small tasks, purely because the value of BTC is no so high.

I heard that they're actually going to build a wall which is habitable. And then each time you catch a Mexican trying to climb over your section of the wall you can hold them captive in your bit of the wall and force them to go out each day and mine bitcoin with nothing but a pickaxe. Just the word on the street.

Well, I don't have any graphs but I'd like to build on Finman's prediction. I think a lot of people have a similar viewpoint but they're assuming things remain static in that time. As of yet BTC has not proven itself to have enough utility, something drastically needs to change in terms of adoption. Even if it is not mainstream adoption but largescale adoption. That will enable BTC to have underlying utility and will then make it much more feasible as a store of value. That is where I see BTC's true acceptance, as a long term store of value and an alternative to gold.

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Market price is always the fair price, as you said. If enough people really believed it should be higher then it would be higher, vice versa lower. How does one even determine a fair value that is not the market price? What makes it fair?

Doesn't sound like an ICO, instead a crowdfunding event. I don't think they'd get anywhere near the level of funding required for such a large scale project. Also as the article spoke about, I'm not sure that the government can legally do such a thing.

I think that bitcoin will suffer as much as fiat or more in a financial crisis. It's not proven itself to be a store of value and is still highly speculative in nature. Therefore people won't look to move from stocks (risky) to bitcoin (way riskier) if they're facing a financial squeeze.

I don't think that the governments of the world really care too much about bitcoin volatility and people losing out to price swings. I believe that want to regulate bitcoin so that they can control it and the flow of money through it, it's a threat to sovereign currencies as well as being seen for a vehicle for illegitimate activities.

I think that overall we shouldn't look to history for too many answers but one thing it can tell us is how bitcoin has been through these catastrophic periods before and come out the other end stronger. That suggests that the potential upside for anyone investing now should far outweigh the downside. If you were 50/50 to bitcoin going to zero or recovering it would be wise to invest as much as sensibly possible.

Even people making wise decisions will be faced with disappointment. And those making foolish decisions can still learn to deal with their disappointment. We do not live in a world of perfect foresight so it is inevitable that people will make incorrect decisions. The difference between the wise people and the unwise is that the wise are aware of this and therefore they are not disappointment in themselves and their actions.

I've always thought that the cost to get started in any of these games would be astronomically high, is it possible to make money from such a small starting investment? If yes, is it skill based or purely RNG?

Disappointment is an interpretation of your reality, it is not your actual reality. Therefore everything is always up to your own mind to decide. Some people may lose everything they have and be distraught, others may shrug it off as a life lesson. You can minimize negative situations in your life but you'll always be faced with some and the only way to not be disappointed in those times is to learn how to handle negativity and turn it in to positivity.

Well it's slightly less interesting of a question at 0 dollars because then there's no way to sell or buy so it removes that aspect from people's answers. At $1 I think we'd see a lot of people loading up with thousands of BTC in the hope of some miraculous recovery. At 0 everyone would just get all bitcoin they could.