You take things way too seriously. It will be just a service that even you could have started up. Just start up an exchange with a wallet service, where you also happens to give out loans, or allow users to lend Bitcoin to each other. If you so wish you could even offer people interest over the coins that people store in your exchange. Give yourself a fancy name where the word bank is included, and voila, there you have your Bitcoin bank. I have to note that there are already several exchanges that offer a platform where users can lend Bitcoin to each other, so the first steps are already set. And while it's a horrible idea to use exchanges as wallet, it is possible even though it's not convenient. If you look at it from that point, then these exchanges are very close to being a Bitcoin bank.

It could be accumulation, but people that are doing it the right way have still plenty of sub $500 coins that they are holding. In that regard, there is no need to accumulate more coins, unless it's for trading purposes. That aside, it's not that current price is on the very lower side where you can harmlessly scoop up as many coins as possible. There still is a chance that the price may tank well below the $800 figure in the coming days/weeks.

It's not something you would expect to happen with Bitcoin ATM's. Especially when you consider that the market isn't really worth the effort since there is barely any real world usage that justifies having plenty of machines operating. That's why I have all the respect for these companies to have patience and put themselves into the red numbers at first as they clearly see future potential. Sad that some bastards can't deal with that. Idiots.

It depends on the level of demand that is going through the market at that time. If the demand is quite on the higher side as is the case right now, then the freshly minted coins won't have much of an impact on the market. But if you think logically, if the demand is low, and the same number of coins get minted, then eventually it will have a negative impact on the market. If you look back in 2015, then with the 25BTC block rewards there was a period of months where there was more supply than actual demand, which resulted in the price moving in ranges far below the $300 level. But if you look further to what has to come in the coming years, then the block halvings will make sure that the level of inflation will be reduced to very low levels. Especially when you take the growing demand into consideration.

If I take myself as an example, then the currency aspect of Bitcoin in the way that I can purchase stuff locally isn't interesting for me. Especially when you consider that fiat related payment platforms have upped their game immensely. I can buy everything I want instantly and free, where everything I buy gets insured as well. In that regard, the currency aspect for doing local shopping isn't and shouldn't be Bitcoin's selling point. Bitcoin's selling point is that you can use it as a store of value tool, that you 24/7 can transfer money from one place to another instantly, that you can use it to hedge whatever negative economical situation, escaping the banking/governmental system, etc. These are the features that will draw a lot attention to Bitcoin in the coming years.

It doesn't matter how long it takes before people understand Bitcoin properly. Why?

These are very common reasons I hear from people around me;

# It's a ponzi scheme. (No matter how much explaining I do, they don't change from the way they see Bitcoin)
# Volatility. (I can agree that this may play a role of importance, sure)
# Bitcoin as currency? Why would I buy Bitcoin to pay for things, while I can pay for everything right now already? (Once again I can't blame them)
# Who is in control of Bitcoin to see if everything goes according the rules? (They fail to understand that there isn't a central authority needed)

The only thing they see as being interesting, is that when the price will fall back to $100-$200 that they will jump in, and sell at a massive profit as soon as the price increased again. If you tell them that it's highly unlikely that Bitcoin will go back to such levels due to the growth and demand, they just turn their face like you're talking bs. I even adviced certain people close to me to invest while the price was sitting below $500 not that long ago. But still, they wanted to wait for the $100-$200... Ignorance from the highest levels.

You don't need an online Bitcoin wallet to store your coins. Why exposing yourself to all kinds of risks that come from the internet? Best is to store your coins in cold storage form (offline) where no entity other than yourself is able to access your coins if you so wish. Better safe than sorry, right?


What do you consider to be "trusted" Bitcoin related sites? Exchanges? Investing in casino bank rolls? Investing in cloud mining? Investing in HYIP's? Be more clear.

If demand coming from wealthy individuals looking to use Bitcoin as store of value tool continues to grow, and people more and more look to include Bitcoin in their investment portfolio, then sure, seeing the price reach $2000 levels is inevitable. But the main thing that we shouldn't forget, is that this market is, and will always remain subject to manipulation. In that regard, it might take plenty of more years than people were initially thinking the price would need to reach $2000. Or we might happen to see it within 2 years. Everything is possible here. One thing is sure, if you keep holding your coins without selling them, then you'll definitely get to experience such prices at some point.

People only say that Bitcoin will replace banks and fiat because they then think the value of their coins will go up significantly, and thus the 0.1-0.2BTC that they own will make them "rich". Beside the fact that it's impossible, they don't realize what it will mean for them (in the negative meaning of the word) if something happens to threat fiat and banks. It's pure greed that makes them overlook any sort of risk that comes towards them in whatever situation. And if things don't play out as they were hoping for, instead of blaming themselves, they blame Bitcoin...

Advertising that Bitcoin is accepted in your store is nice of course, but in the end it will not have any impact of importance. It's the mentality that has to change. People are either buying themselves into Bitcoin because they are looking for an investment, or they just buy Bitcoin for trading purposes. Either way, in both cases the coins end up being converted to fiat to fully benefit from the profits. It's a very small minority that actually treats Bitcoin as a currency tool for purchasing all kinds of goods. As long as that doesn't change, then there won't be much interest coming from people looking to use Bitcoin as currency. That's of course when it comes to using Bitcoin as currency in physical stores. When it comes to transferring money from one place to another, then Bitcoin is really showing its true potential of making fiat services obsolete.

Bitcoin as a whole may have grown in recent years, but the level of manipulation is still the same. Just look at how easy the price went up to $1100 where the smarter people here were expecting a massive dump to happen, while all the noobs here though the price would go up even further. You know why the smarter people here have been expecting a massive dump? Because it's no coincidence anymore that everytime the price goes up quite a bit, something pops up causing the price to tank again. It's manipulation from the highest levels. It's so obvious, that if you play it right as a trader, that you can gain massive profits in a very short time. That's the difference here.

It depends on how you look at it. If you purely look at the price, then if you enter the market at current levels, there is no such a thing as being an early adopter. If the price falls back to let's say $200-$300 again, you might get the impression that you're an early adopter, but even then that's not really the case. But there is no point into thinking in terms of being an early adopter for the average person as they will cash out as soon as the price has gone up quite a bit. Early adopter makes sense when you buy at a certain price and look back after a year or two/three, and see that the value per coin has gained like $1000 since you bought it.

People have been waiting so long, that they have given up on spending any more time waiting for something that might take another year or two before it gets approved fully. But I am sure that when it launches, it will give the price a massive boost. Regarding the fud, it's people that take everything for granted so easily. If they would just spend 10 minutes on analyzing every bit of news regarding the investigation of Chinese exchanges for example, then they would see that nothing serious is going to happen. Exactly this is what is holding back Bitcoin from growing further (prise wise). Big players behind the scenes know that too, where they constantly exploit this point of weakness. It's pathetic that so many people fall for it so easily.

With collecting small amounts of Bitcoin I assume you're talking about doing signature campaigns? If so, then not much has happened nowadays with how much you can earn on a weekly or monthly basis. That's quite an achievement considering how much the price has gone up. I honestly expected the payouts to decrease, but that didn't really happen. I think it's mainly due to the fact that the majority of the signature campaigns are solely getting their revenue in Bitcoin. In that regard, it won't cost them a penny more when they reward people with for example 0.035BTC as is the case with Bitmixer. But if you look at other campaigns that have to buy everything before handing out payments, they either stopped their signature campaign entirely, or they significantly lowered their payouts.

I agree that eventually the larger blocks won't be enough to carry the weight of all the transactions at the time the userbase grows larger, but that's not an issue right now. Segwit will take care of the current "issue" and makes sure we can move at least 1 perhaps 2 years further. What happens after that is something that should be figured out by that time. Regarding the privacy aspect, the far majority of the people here are more than happy with how Bitcoin is. If they want to add an extra layer of privacy on certain transactions, then these people should head over to mixers or even certain altcoins to do the trick. It's that simple.

It's never a good idea to go all in at whatever price level. Best is to stick to just 10-25% as initial purchase, where you have the other part of your money available for when the price happens to tank further. That being said, even though the price has gone down from well over $1100 to around $830 right now, it still doesn't mean current prices are cheap or low. The +$1100 peak was the result of panic buying where the price was heavily overbought. Current price is about right, not high, but also not low. Also, never listen to what others or "experts" are saying. Always do your own bit of market research.

I assume you're talking purely about Bitcoin right now, so yes, everyone has to start somewhere, but the main point of importance is that you don't keep pushing yourself when you're simply not in for it. If you realize that trading isn't the right thing for you, then it takes courage to admit that and to skip trading entirely. However, some people constantly force themselves to become better in trading while they keep making the same rookie mistakes. And in some cases it's year after year, after year. But hey, without these people screwing up with trading, smart traders wouldn't be making that much profits.

Even at $1200 we won't have $1000 as a floor as the poor buy support makes it very easy for whales to dump through. It's very simple, as long as the price is largely (+75%) being manipulated in upwards direction, then it's rather easy for these same whales to dump the price down to repeat the whole cycle once gain. It's all about money and not about how they can get the price to move up in a sustainable manner. Sustainable sounds boring and doesn't bring any money in the pockets of these with greed filled whales. Volatility and panic are like a drug to them as it results in millions in profits if the whales play it right.

I do kinda agree that even though certain people don't like the idea (I am one of them) of having a so called Bitcoin bank, that there may be plenty of people liking it. That's why it's great to have the freedom to choose whichever service you want to make use of. But the main thought behind them liking such an initiative, is that they either earn interest over their coins, or that they get a feeling of fake security as they think it will be comparable to how traditional fiat banks operate. But then again, if these people like it, then so be it.

Those that haven't got any coins as we speak, are a bit in a frustrated position since (1 they don't know what to do at this point, but (2 the market is not giving any signs of going into whatever direction. That makes it even more difficult for these people. That's why the intentions of the person in question is very important here. Mid/long term - buy now. Short term - it's a gamble. That's why it's always good to never cash out all your coins at once. At these situations these people would have had some coins left to hold, but unfortunately for them, they don't have any.