Of course the best thing you can do is to continue to invest on it because the price is still quite cheap and then waited it out for the next bull run. It doesn't matter if its today or the next year, as long as people understand that eventually, bull run will happen then investors will still continue to flock and pour their money. So its still a win-win situation, imho.

What difficulties you are encountering that makes you cast doubts on bitcoin?

It was designed that to be complicated or are you digging up on technicalities that it becomes to complicated to you? The wallets are very straight forward and easy to used that even a beginner would have understand it. As far as modifications, on the wallet side, there are a lot of them coming out with design that is very easy to understand. Send and Receive address is there you just have to fill in the gaps. So I don't understand what difficulties you have seen to draw conclusions that modification is needed.

In the long run, I think regulations will bring a lot of benefits for crypto. People will tend to see it as a legitimate investment portfolio. Right now the overall sentiments of people are still 50/50 in my opinion, at the back of their minds there are still doubts specially with all the negativity surrounding it. Downside is that people will be tax, and we all know that there are individual who put their money to hide from the eyes of the government.

Not just red to green but the price increase today is big. From $6300-$7300 is really impressive and this is the break out run that we all have been waiting for. So we can still salvage this year and it this trend continues we might see around $9K-$10K at the end of the month so the landscape has change just like that and investors confidence are slowly coming back.

Why not?

I guess you really need to do a lot of homework and study the ICO that most interesting to you. Of course there is the chance the you might get screwed up, so perhaps invest what you can afford. So far for me, I haven't been in any scam ICO yet, maybe I'm just lucky. But I just advise everyone used their common sense. Goodluck.

To be honest, YES, sometimes I felt like quitting because I felt bad seeing my crypto investing going down after a very fruitful 2017. However, if I give up and quit then I will be like a newbie who keeps on bitching around because they don't know how this market works. So everyday I try to be positive that we can overcome the resistance and somewhat make gains slowly so that  at least we won't feel very sad as the day passes by. Perhaps its better to just take break rather than quit at all.

Well we have been struggling for the last 6 months and it may not last for another 6. But I'm still keeping tabs on what's happening on the current an so I say that even though this bearish sentiments seems to go on forever, we only needed one catalyst that will blow open this field again. Maybe news of legalisation of acceptance of new country will provide that needed boost. So we need to be calm and continue to do our thing until such time arrived that will reverse this current sentiments.

Possible.

We can even label them as bubble that has been burst already. But the thing with crypto is that even if we know that its been pop, people are still willing to pour their cash and make a lot of money, but simply pumping it again and hope that others will ride the waves. So even if see correction, sooner or later the price will be overprice again so I don't think that it will be the new beginning, for me it will be cyclical in nature.

Yes, I have seen that before. As to why they changed their mood?

1. Maybe they see it as a perceived threat to their stocks investment. Those people pouring cash on their stocks might dump it in favour of crypto that's why they realised that it will have adverse effect on them.

2. They are late and might have been the boat specially last year when bitcoin grows astronomically.

3. Bill Gates might be creating his own crypto using the same technology behind bitcoin, Blockchain.

That's all I can think of that might change their mind and suddenly attacking bitcoin and crypto in general.

What is your point here?

1. You can exchange your crypto-to-fiat. Now you can used it as currency. Lol. I agree that there's still not lots of merchants accepting bitcoin as mode of payment. But I'm optimistic that we see crypto as the main currency to buy things online and send remittances in a global scale.

2. Not worth investing? Fluctuations is the norm in crypto market. If you are here to make quick money, then yeah, its not for you. Better look for other options. But if you know how to play price swings on your favor, then it has the potential to make you money.

3. As investors, I don't think that you will just put your hard earn money in crypto. Of course you have to learn and understand it because you make your first investments. That's true for any other investment platform. Again, is someone is dumb enough to just invest on something you don't understand, then its your fault and not the market.

For me it will be a struggle to get out of this bear sentiments unless the whales started to pump the market again. And as we are all aware of, altcoins follows bitcoin trend so the market really suffer as a result of bitcoin's price fall.

And another thing that I'm watching is the good news that might sway and influence investors, but so far I don't see anything coming, not unless LN suddenly gets implement this year and push the price to at least 5 digits again.

Yes, I agree that the market is still young and we can even says that it is still in its infancy and more people around the world are not aware what bitcoin and crypto are, but it doesn't mean that it will not bring any good in the future.

We have just started to conquer the world and once its goes mainstream, when people started to realize the potential of what crypto could bring to them, it will just  be a matter of time when it exploded in the future.

Airdrops is no longer profitable as compare to last year. Now, there are a lot of fake and scam projects so airdrops are completely useless and no value. But I still remember last year wherein airdrops are really profitable regardless of your rank. So its really better to research first the project that you are promoting so that you will not get frustrated at the end. But give up now? I don't think so, there are a lot of opportunities out there, you just need to used your common sense and do your homework so that your effort will not be wasted.

Much riskier in crypto if you are going to compare it with stocks. And others argue that stocks are safe because its centralize. But stocks are not doing good either, its also fluctuates just like the crypto market so you will have to mitigate your risk as well.

You will notice also that those big stocks investors like Warren B. doesn't like crypto market because its very volatile. However, its the volatility that makes people fell in love with it, because the road to success is just around the corner, unlike stocks that it might takes years for you to make huge gain.

You sure about that? Have you tried wallets that you can have total control because you held the the private keys? I haven't used Coinbase wallet though, but I think you don't hold the private keys so once the hackers get into Coinbase I'm pretty sure that all your crypto will be gone in as instant. I suggest you go here : https://bitcoin.org/en/choose-your-wallet, and see other options that might help you mitigate the risk of losing your coins in the future. Goodluck.

I know that everyone is very bullish about bitcoin. However, its really hard to say if we are going to cross $20K because we have been struggling since the beginning of the year and price fall from $19K to $6K.

What we should do is just continue to monitor the price. Currently the price this week has been steady at around $6500++, which indicates that investors are not panic selling and more and holding right now and this is not a dead cat bounce as others might have speculate. If you crossed $7K then it might be a start of break out run. So conservative estimates would be around $10K-$15K. If we got to a new all-time-high then it will be a big bonus.

Looks like everyday we have been hearing lots of positive news around the world taking advantage of crypto and blockchain technology. I'm not aware how big the Uzbeks in terms of their involvement in crypto but this news might sway some of them to try and invest and see how it goes for them and I'm sure that they will like what they see when their economy turn for the better. Crypto is really conquering all corners of the globe and its just a matter of time before we can see 90% of all country being pro-crypto.

Of course there's no question that investors are willing to pour their cash on the market even though that there are many scams ICO and even if the crypto market is on the bearish sentiments. Willing to risk and make more money is their ultimate goal. But I believed that most investors tend to mature already and not just investing left and right just like 2017. Now they scrutinized ICO and if they found that its something fishy then they skip and go on the next because there are a lot of ICO being born every minute.

I estimate that it will have a impact but we don't know how huge its gonna be. Remember that there are a lot of Indian investors as well and it was reported that they have poured millions if not billions worth of USD on the market. So the recent Supreme Court's decision to upholds RBI's will have a impact definitely. But we still have to wait because bitcoin is still making a good run even though this negative news was in the crypto related websites in the last couple of days.

https://news.bitcoin.com/indian-supreme-court-crypto-petition-rbi-ban/

Indian Supreme Court Heard Crypto Petition but Upholds RBI Ban – Effective in 2 Days


It seems that Indian Supreme court uphold the RBI banning so its not a welcoming news specially for our Indian crypto enthusiast. However, hope is not lost as there will be another hearing on July 20 by four other petitioners.