No. Bitcoin banks are nothing more than a service such as Coinbase that is offering people an online wallet platform. I don't see why people don't seem to understand that. It's just a service which you can choose to use or not. It won't have any negative impacts on Bitcoin at all. You must know how many people there are that don't care a single bit about decentralization. They probably don't even know what it really means.

It's funny how these regulations are put in place right now, while they could have done all this years ago. Bitcoin how it was back then, isn't any different from how it is right now (functionality wise). These are well planned attacks in the hope that it will discourage traders and investors to lock their money into Bitcoin. I just wonder what will happen if all these regulations are put in place, and after that the price spikes again (because it will spike again). What will the next regulations be, forcing certain limits in how much people can buy in Bitcoin?

You seem to overlook something very important - if the price goes down, you'll only lose if you happen to sell your coins at a loss. If you don't sell anything, then you won't lose anything. Whatever amount of Bitcoin you have bought, regardless of the price, that amount remains always the same, and thus you won't lose nor gain anything.


That's why it's important not to panic sell. As I said before, you don't lose anything if the price happens to drop in the short term, just make sure you keep holding. If you look closely to the all time chart, then it's obvious that the price has gone up continuously. Long term is all that matters.

I quite often see people say that it's good to invest in Bitcoin related projects, sites and whatever, but honestly, what legit investment option is worth putting your money in? Don't say ICO's, altcoins, cloud mining, etc. The only ever right investment in terms of Bitcoin is investing your money into Bitcoin directly, and that's about it. Perhaps that to a certain extent building yourself some sort of a mining farm can turn out to be rewarding as well, but all other options only became reality due to the greedy nature of people here.

If they choose to use a payment provider such as BitPay for example, then they 1) don't have to worry about fluctuations, and 2) refunds can be issued when needed. Other thing is that it doesn't cost you a single penny when making use of BitPay when there isn't anyone actually using it as payment option. It will only cost merchants 1% in fees if someone actually completes a purchase in Bitcoin. Only benefits.

Not sure if you noticed already, but we have gone beyond the thousand mark quite a few times now. Only thing that prevents us from settling there is the lack of support/confidence. It will take time before we can rush further. At this point there are too many entities looking to put their weight on the price in an attempt to push the price back to the $900's. We must overcome that first.


Bitcoin is gaining recognition as investment and its other features, so it's not that big of a surprise that more users will find their way to Bitcoin. Just look at how the transaction volumes have been increasing in the last 2 years. It's a constant growing level of adoption.


It's always good to have more merchants to start rolling out Bitcoin as payment option, but I don't believe merchant adoption will be that much of a price driver/user attractor.

The solution (Segwit) has already been presented by the developers, but pools somehow don't find it enough to agree with. Problem with alternatives is that it would be a disaster for Bitcoin if alternatives happen to take over. It basically means that at any time a group can form and potentially disrupt everything and force through their own vision. That's why it's more important than ever to support Segwit.

Sorry, but they just want you to believe that anti money laundering is the reason for them taking actions, and apparently, it seems to work. Right now it's anti money laundering they use as excuse, what's next? Prevention of possible financing of terrorism? Anti money laundering policies could have been put to work years ago. Bitcoin back then and Bitcoin right now are still the exact same tool with the same functionalities. It's a well thought out action that they come up with it right now.

It's not more than normal that certain Chinese traders will look for alternatives when it comes to buying themselves some coins, but I honestly don't find localbitcoin's their volumes to be that much affected. It's a very small change that I consider to be insignificant. If you look at how another exchange has been doing, then the JPY exchange bitFlyer has been doing tremendously well very recently. I think that's really worth a mention.

http://bitcoinity.org/markets/list

It depends on what you are talking about. If you are referring to pumps and dumps, and the usual bit of fud drama, then you can bet on it that it will continue to be part of Bitcoin. You have to realize that certain people behind the scenes make multi millions every year by crashing the price due to whatever negative happening, and then later to cash out at the time the price has recovered, where after that everything will be repeated again. It's a predictable and more than profitable cycle if you know how to take advantage of it.


Nah, if you're talking about early birds that kept holding their stash, then there is no reason for them to be upset or whatever else. Long term minded people don't care about short term fluctuations.

Gambling won't "give" you anything unless you are either gambling your way up from a small amount, but there are barely any realistic chances of you succeeding in this, or you will have to put 1BTC at risk, and place a dice roll at 50% minus the house edge to nearly double your bet. It's not worth the risk. Also, there is no such a thing as investing when it comes to ordinary gambling. It's pure gambling. Investing when it comes to gambling is when you supply coins to feed the bankroll of a certain online casino.

I am not that much interested in Gold per se, but if I ever look to buy Gold as an investment option, then I will at all times go for Gold in physical form. Reason being that I at all times want to own everything in full. In case of paper Gold, it's just a "worthless" reminder of you being able to trade/cash out the stated amount at any time. You have to trust the entity issuing this paper Gold to do what it promised you when you bought yourself into paper Gold. In my case, I only buy what I can own in full, promises are not part of that.

Another bit of nonsense. It's purely normal market movements that we are seeing, as today isn't any different from how the last days have been. One moment we'll jump above $1000 and the other moment we'll dive slightly below $1000. No big deal.


If we were to believe you, Bitcoin's entire existence has been a down trend...


Cracking down? You mean they are currently just setting up regulations that should have been put in place years ago?


Scaling aspect that you are obviously referring to will get taken care of at some point. Stop acting like Bitcoin is being left alone.

Fixed deposits are for the average joe type of people that don't want to take any risks. It's pointless to have your money frozen for a period of a year or more in return for a poor 2-3% annual interest rate. If you plan to invest into something, then the best is to choose something you can liquidate easily. If you at some point realize that the investment you made isn't going to be as rewarding as you expected, then you can get your money out whenever you want. Time is money, in that year where your money has been unusable you could have gained far better returns.

Bump.

I find it still too early to come to that conclusion, but it's obvious that people are getting used more and more to the price hovering around current levels. Right now it's waiting for the price to rush further, where only another PBOC announcement has the ability to make the price fall back to current levels. I am fairly sure that the PBOC is quite disappointed in the price not having gone down further, as their announcements are solely meant to hold back Bitcoin's price growth. It's no coincidence that they show up everytime the price reaches higher and higher.

It depends on whether or not you bought at prices far below current levels and kept holding. Moment of entering and leaving the market is key. Not everyone manages to walk out with money. It all depends on how well you are able to analyze the market, and manage to anticipate on whatever situation.


You sure? There are a few active members here that actually know what they are talking about, but the far majority of the people just repeat the same gibberish posted by others that we keep seeing constantly here in this forum. I haven't seen any actual improvement throughout the years I am registered here. It's probably because their target is just to earn bits instead of learning and participating in discussions.

Back in early 2013 when I started with using Bitcoin I was sending basically every transaction without any fees, and nearly all transactions were getting confirmed with the next block. In that situation you could say that Bitcoin was perfectly as tool for micro transactions. Now it's greatly different. Don't forget that Bitcoin has more to offer than just serving as currency tool.

I use Bitcoin mainly for the following purposes;

# Investments.
# Store of value.
# Transferring money from one place to another.
# To purchase digital goods with Bitcoin from the registrar I use.

I never used Bitcoin as micro transacting tool, so for me it's not a big deal.

Not necessarily. Just look at how many ETF's have turned into a money vanishing tool rather than a money making tool for investors. Where was the SEC in these cases? Bitcoin has certain risks involved, but that doesn't mean the SEC won't approve it. Ignorance from SEC's side regarding Bitcoin and the effects of a Bitcoin related ETF are the only things that could hold back an approval. If everything is explained properly, where all doubts are more or less turned into understanding of what a Bitcoin ETF is all about, then I don't see how the SEC will not come over with their approval.

If that's your logic, then you also have to take into consideration that 'many' have also proven that people can see the value of their coins go down easily by 10% per week. For some reason a lot people here only seem to look at the positive points of anything, where they completely discard the potential negative aspects... Don't forget that you don't make profits until you cash out at prices higher than where you bought at, and you don't lose anything if you don't sell at prices lower than where you bought at.