The best bitcoin wallets to store your bitcoin are offline wallets such as Ledger, or Trezor.
And the best bitcoin online wallets that I know are Xapo.com, blockchain.info, and Luno.com

Bitcoin is not invented to be taxable because it a digital currency.
But I think people should pay taxes for trading cryptocurrency if their country instead on that, I see nothing wrong with it.

Is Bitcoin’s Value Due to Social Status it Brings?



It makes perfect sense to want to own something that is has increased in value 13-fold in the last year, but is part of Bitcoin’s value due to the social status it brings?

A study conducted by Bernstein Research has recently suggested just that. The analysts agree that limited supply plays a big role in the price surge, but the social standing that comes with owning Bitcoin may also be causing investors to join the hype:

    “Bitcoins do not provide investors with cash-flows or other benefits, but the maximum supply of Bitcoins is fixed and so the price is driven by speculation on the potential demand for Bitcoin.”


A Veblen good

Just like high-end liquor, fancy cars and fashion brands, Bitcoin is acting like a Veblen good. The higher prices for certain goods can be attributed to the reinforcement of the social status attached to the product, something Bernstein calls “snob value.” The analysis added:

    “In mid-2017, we conducted a consumer survey of 1,070 Chinese Premium Goods Consumers which showed that Veblen Demand is the third most important motivator of brand choice in brands.”



Demand Curve of a Veblen Good

Bitcoin is perceived as difficult to understand for those who aren’t “in the know.” Thus, owning Bitcoin immediately gives one that “snob value,” implying greater intelligence or insight.


Just like medicine...

In a strange, yet practical comparison, Bernstein compares Bitcoin to E.Jiao - traditional Chinese medicine derived from donkey skin. In 2016, China produced 5,000 tons of E.Jiao, which required 2.5 mln donkey skins. This has lead to a scarcity of donkey skins and cheap imitations coming to the market.

The original product’s leading manufacturer - Dong E-E.Jiao - has been able to raise the price of its product 18 times over the last decade because of the Veblen good-quality that has become attached to it with its scarcity.


Dot-com hype?

While not necessarily a good, in the early 90s, with the dot-com boom, there was a certain social standing that came with being involved in a technology company. People were caught up in the hype partially because they wanted to be part of the early elite that were making waves in technology.

It has already been seen that companies that simply add Blockchain to their name get huge waves of unjustified interest, and again, this could be likened to the social status that comes with being part of a company that is in the cryptocurrency space.

Source: https://cointelegraph.com/news/is-bitcoins-value-due-to-social-status-it-brings

Bitcoin-Only Charity Pledges Up To $4 Million for PTSD Research



Pineapple Fund, a Bitcoin-only charity, has promised to match up to $4 mln in donations to a non-profit for MDMA-based PTSD research.

The non-profit leading the research, the Multidisciplinary Association for Psychedelic Studies (MAPS), is seeking $25 mln in donations for Phase 3 of their drug trials. MAPS hopes to use MDMA-assisted psychotherapy as an effective treatment for PTSD sufferers.

The Pineapple Fund was created in early December 2017 by an anonymous donor who goes by the Reddit handle /u/PineappleFund. The donor presents themselves as an early Bitcoin adopter whose goal is to give $86 mln, or 5057 bitcoins, of earnings to charity.

A Jan. 10 Reddit post by /u/PineappleFund calls for donations to MAPS and announces the $4 mln pledge. The post also explains the usefulness of the MAPS trials due to what the anonymous donor sees as a lack of effective FDA-approved treatments for those suffering from PTSD.

/u/PineappleFund appeals to the cryptocurrency community to send Bitcoin or fiat payments as donations to MAPS:

    “If you believe that psychedelic drugs can have incredible therapeutic potential, then I believe this is one of the highest impact projects today.”

The anonymous donor then concludes:

    “I believe we, the cryptocurrency community, can fully fund Phase 3 trials. Prescription MDMA could be a gift to this world from the bitcoin community.”

FDA approval for these experimental therapies is expected by 2021, pending positive results of the Phase 3 trials.

Pineapple Fund already gave 59.89 bitcoin, with a value of $1 mln at the time of donation, to MAPS on December 14, 2017. According to the Fund’s website, so far approximately $20 mln has been donated to 23 organizations, including the Internet Archive, a NGO financing universal health care, and a philanthropic blockchain technology company.

Pineapple Fund is not the only Bitcoin-only charity: BitHope, a Bulgarian-based NGO, exclusively accepts cryptocurrency to fund crowdsourced campaigns on its site. Other Bitcoin-based charities include BitGive and CommonCollection.


Source: https://cointelegraph.com/news/bitcoin-only-charity-pledges-up-to-4-million-for-ptsd-research

OFFICIAL: No Cryptocurrency Trading Ban in South Korea, Government Says



The Blue House, the executive office and official residence of the South Korean President, has announced that there will be no cryptocurrency trading ban in the short-term.

    In an official announcement, South Korean government reaffirms there will be NO TRADING BAN for #cryptocurrency market in the short term and NOTHING IS FINALIZED.

    A petition to fire the head of the Ministry of Justice over the #cryptocurrency trading fiasco filed. pic.twitter.com/tb5tDvIV2K
    — Joseph Young (@iamjosephyoung) January 11, 2018



No ban, all FUD

The South Korean government’s official announcement came after a massive backlash and criticism against the Ministry of Justice, which independently announced its plans of banning cryptocurrency trading. The Ministry did this without the consent of the Ministry of Strategy and Justice and other government agencies involved in the South Korean cryptocurrency regulation task force.

According to the Blue House, more than 60,000 citizens voted in a petition to fire the head of the Ministry of Justice Park Sang-ki, who released a premature statement earlier today, on January 11, that the government will implement a policy to shut down cryptocurrency trading.

Almost immediately after Minister Park released his statement, the Ministry of Strategy and Finance emphasized that it does not support or agree with the decision of the Ministry of Justice to ban cryptocurrency trading. It also added that the Ministry of Strategy and Finance only found out about the statement of Minister Park through media reports, and the decision to ban cryptocurrency trading was not agreed upon by the task force.

In 2016, former South Korean President Park Geun-hye, who is currently in jail for money laundering and corruption charges, was impeached by the people of the country who strongly voiced out their opposition against the former president. Millions of South Korean citizens came out to the streets and surrounded the Blue House, until the court decided to finally process the impeachment.

Since then, the voice of the South Korean citizens has strengthened and the new government, led by the current President Moon Jae-in, vowed to listen to the people.

In consideration of past events and the government’s announcement that cryptocurrency trading ban will not implemented in the short-term, it is likely that the South Korean government will move towards regulating and fostering the local cryptocurrency market.


Ban unlikely even in long-term

Previously, a spokesperson from the South Korean cryptocurrency task force stated that the country will follow the regulatory roadmap set by major regions like Japan and the US. Hence, it is highly unlikely that even in the long-term, a cryptocurrency trading ban will be imposed. The spokesperson said:

    “The South Korean government has no other choice but to follow the regulatory frameworks and trends established by other leading governments. While there certainly exists a negative reputation attached to the cryptocurrencies, the government’s stance is to allow what has to be allowed, for the benefit of the South Korean market.”


Source: https://cointelegraph.com/news/official-no-cryptocurrency-trading-ban-in-south-korea-government-says

Holding bitcoin is way better than holding gold because bitcoin is more valuable and profitable.
Last year, the bitcoin price went from $952 to $20,000 all in one year, gaining up to 2000% increase in value all based on pure profits. 

All the successful people traders, or whatever are good learners.
The second thing about them they are all very hardworking.
Thirdly, they are very consistent on what they do.
They're always have plan and goals to achieve.

The bitcoin price is going down because there is correction in the market.
This time the correction come from Korea where government is cracking down cryptocurrency exchanges for tax invasion.   

Well, I think bitcoin volatility is 80% good and only 20% bad.
Because volatility is the only reason bitcoin very popular today
Bitcoin volatility is the reason why many people invested in bitcoin.
Bitcoin volatility is what pushes the bitcoin price to go above $10,000.
People can escape bitcoin volatility when they hold bitcoin for long-term.

The bitcoin is special and better than other currencies because of the following.

1. The bitcoin is the first cryptocurrency in the world.
2. The bitcoin limited supply of only 16.7 in circulation.
3. The demand of bitcoin is higher than the supply.

Bitcoin is a good way to invest money because last year bitcoin gained over 2000% increase in value all based on pure profits. The bitcoin value is growing very fast because of the bitcoins limited supply of only 16.7 million bitcoins in circulation worldwide and the demand is higher than the supply.

Yeah, bitcoin is changing the world by providing jobs and investment opportunities to the people where anyone can invest and make profit by just holding bitcoin over time. The bitcoin has a limited supply of only 16.7 million bitcoins in circulation worldwide that is why the bitcoin value is growing fast, and the demand of bitcoin is higher than the supply. 

To be really successful in life you have to be both smart and strategic person. Those who makes money while they are young and spend it at the same time, they would like to regret it for the rest of their lives. When you make money, invest it for your future that is the best thing to do.

For me, I normally buy bitcoin anytime I have the money, there is no specific time for me to buy bitcoin. The bitcoin traders normally buys bitcoin on the dip and sell when the price go up again. But for me, that has no use to me at all because I'm planing on hodling my bitcoin for a very long-term.

Bitcoin has defeated gold long time ago. The metallic gold is just another spectator watching the new digital gold 2.0 changing the game. 
The bitcoin price started 2017 selling at $952 in January and reaches up to $20,000, there is no comparison between them, indeed!

No doubt, the bitcoin is a revolution that gives people freedom by giving them the total control of their money and assets.
Using bitcoin, the bitcoin owner is the one in charge of his financial decisions, no bank or government that would interfere. 

Bitcoin is a digital currency to buy and sell things, and also a digital store of value like gold.

The bitcoin price came from bitcoin buyers and sellers.
The bitcoin price is driven by demand and supply.
It is purely based bitcoin demand and supply.
The high the quantity the lower the price.

Yeah, all these guys made a great bitcoin price predictions.
But I think the bitcoin price would stabilize and grow to reach at least $60,000 by the end of this year 2018

During mid-December time when bitcoin was selling at $20,000 everybody was thinking the price would have reached $50,000 by now. But, the correction has some work to do on bitcoin price before the price gets to another level. Bitcoin is really struggling this month of January but soon everything would be alright.