I fully agree with you, man. But we need to be careful not to promote just the profitability part. We don't want people to invest into Bitcoin just because it gives a high ROI.

A few years in the future, when Bitcoin hopefully will be utilized as a mainstream currency and value standard, the price is going to be much more stable than now.

For the value behind the Bitcoin network and technology it's market cap is still extremely low in comparison with the potential.

It's still early, guys. $16000 will probably seem like $3000 in a year two.

I won't complete your survey because I don't trust links with unknown domains (at least to me) and I don't know how long it will take.  If it were maximum 2 minutes, maybe I'd complete it, but again you should use a google survey or something with recognisable & trusted domain.

I'll respond to your question here, though. I think Bitcoin is an amazing method to make payments, but NOT YET. Reason? - The price volatility and the long-term appreciation in value makes it extremely enticing to NOT SPEND it and keep it safe. Fiat currencies on the other side is for spending. They don't appreciate in value, therefore it is logical to dispense them first.

As an advice maybe you can make a little "donation" to everyone who completes the survey and provides you with a bitcoin address. If you can afford it, of course.

Good luck for graduation, man!

I don't think the "newbies" have a big impact on the market. The institutions which manage massive positions are the ones we need to pay attention to. The Grayscale fund is steadily increasing their BTC position as we saw in the quarterly reports, companies are buying millions of dollars worth of crypto. All this sounds like good news for me.

Interesting perspective. I'm surprised it hasn't come to my mind. So to follow you train of thoughts: investors might start accumulating this year when the economy is in turmoil, so when it recovers they reap the biggest rewards assuming that we do get out of the pandemic (with a vaccine hopefully).

All I can say is that the circumstances are much more in the bulls favour so we might have an even bigger break-up. I mean:

1) Bitcoin is very scarce (supply is low)
2) People want to buy (demand is high)
3) People are greedy (they won't sell early)

Here you go. The perfect formula for an extended bull market.

Bitcoin price behaviour has been somehow similar to stocks and gold during this COVID worldwide crisis.

My question for the crypto community in here: Do you think that the fact BTC has survived the initial dump and rebounded, consolidated, marched upwards, and now standing close to its ATH acted as some kind of reinforcement to the trust investors have in this asset?

In other words, are you now, as an investor more confident about investing in BTC than before the whole crisis started?

"state-run digital currency" - that's all I needed to see. 

A state-run digital currency is like electronic cash in our bank accounts. Nothing different. Cryptocurrencies on the other hand are decentralized by nature. At least that's what they represent in my mind.
They should adopt and encourage Bitcoin utilization, not create a virtual currency just because people are holding money in ther houses. It's a petty.

I do think tthat insurance can be applied to Bitcoin, but the holder of the cryptocurrencies would have to respect certain security procedures and make the proof for doing so which is extremely hard, or maybe use a custodian. More likely, in the eventuality that banks will offer Bitcoin deposit accounts, they would be covered by a financial authority insurance policty to a certain extent like we see with broker and savings account nowadays. (e.g. $100k guaranteed deposits).

I really don't believe people will refer to Bitcoin as an actual currency until its value become more or less stable. We made a habit to call assets anything that appreciates in value.

But this perception might change. After all Venezuelan bolivars are still called a currency even though it's price is suffering from huge inflation...

The world should grow up. Bitcoin can be used for illegal transactions, bribery or scams as much as any other fiat currency can.

But we are overlooking a huge thing. Using Bitcoin and the underlying technology could virtually eliminate corruption which has dragged down development around the world. The transparency blockchain offers for public transactions could be a game-changer, but first it needs to be implemented.

I don't think I understand your point.

If a stablecoin is backed by USD, then its value will oscillate around $1. There is no such thing as an absolutely stable coin. There will always be market fluctuations.

Indexing the value behind the stablecoin with inflation would mean adding extra USD as backing. From where is that money coming?

e.g. if the annual inflation is 1.60%, should be backed by $1.016 US Dollars

I have found that the best way to earn cryptocurrency is to do the same thing you would do for fiat/cash. The possibilities are endless depending on your skills, goals and time available.

You could go do Uber, deliver food in these times of crisis which is essential, but also kind of risky. If you want to do it online start freelancing. You've got to learn a bit about marketing yourself, though. Until then get a job at McDonald's. 😉

Of course that you could offer various services on forums and/or job boards, your website, etc. and ask to get paid.

The equation stays the same: spending time or money to

It is concerning that our society is relying progressively more on electricity, but that is a must in order to harness the power of technology.

Bitcoin is based on the internet so a world wide blackout would surely damage the network.

There are ways to counter this, though. I'm sure researchers will develop battery tech in the next few years to the level that we might power entire houses with mergency baterries held underground or something similar.

Regarding communication networks signal I heard some parties are working on implementing satellite acces to internet for the whole world. That shouldn't be too far away.

Romero said it right. Bitcoin is used for various transactions, but in the present it is viewed as an investment opportunity more than a way to make payments. The majority of people are driven by greed, whereever there is a pile of gold they will go and try to seize it.

I want to emphasize that this perception is NOT BAD for the development of Bitcoin as a currency. It is a necessary step in the evolution. After all, it is great that people see it as a scarce resource and try to stack as many sats as possible.😉

IMO this index should be used as a gauge for the market behavior, a secondary or tertiary indicator.

I don't say that someone can't build a strategy around it, but to be honest there are better solutions out there that give you much more insight regarding the market movement.

I think at its core, gambling is supposed to be a social activity. From the ancient times when people were playing dice with rocks, poker in the wild west saloons, in today's Las Vegas' most exquisite gambling locations and online casinos, they all had important social features.

Do you think that online casinos are not social? Well, think again. The chats are constantly flooded with messages. One wants to brag about his winnings, another wants to share his loss.

Therefore I do think that this new slots game is a brilliant idea.

I don't think Amazon or Clickbank, nor any big marketing company is going to pay its affiliates in Bitcoins. The current framework is burdensome. Much easier for them to dispense fiat.

Why don't you settle for fiat payments and then buy BTC?
This way you can participate in a wide array of program and not limit yourself to brokers and crypto online casinos.

Blockchain is a technology that can help countries get out of poverty, but for that to happen the leaders must be willing to do what it's best for the country.

Country-wide implementation is very hard even for well-developed states, however with small steps it can be an attainable goal. If I were a politician I would put so much more emphasis on tech.

I've recently learned about some automation cases based on RPA technology and I must say it is amazing how much time can be saved. Blockchain can not only save us time and money, but add a whole lot of transparency on top of those.

When so much money is in the game, solutions will appear, don't worry about it. You think investment funds or companies who hold large positions in Bitcoin haven't made an extensive research on the future of cryptocurrencies? They are probably funding developers and startup companies who work on implementing solutions on top of the Bitcoin blockchain.

Let's not forget we're in the era of innovation and rapid advancement.