I really hope not. Bitcoin and the whole cryptocurrency can be considered as part of the millennial generation, if I am not mistaken with that statement. Now, as such, we can say they own this thing, in a broader sense of the word. We know that millennials command a big force in the cryptocurrency market. In a survey conducted, millennials see Bitcoin as the best alternative to gold. And although, some points you raised can be true, millennials can be considered as savvier when it comes to investing and trading compared to the past generations. Now, if we can convince these guys to save more for their future, we will have a perfect storm that can be building up more innovations and demand as well for the future of Bitcoin and cryptocurrency in general. This generation is not screwed, no not ever, as each generation do have its own weaknesses and strengths as well.

The digital movement has been started years ago and the banking industry has been in the forefront of this innovation. We are going to be digital and banking will be done right in our own smartphones. This is already happening right now and I think in my country I just recently saw an ad for an all-digital banking operation where users are not anymore encouraged to visit a physical branch office.

On digitalization, one of the big advantage is paperless transactions so we are actually saving a lot of trees by joining a digitalized bank; a simple act like this can go a long, long way in saving our environment. Now, as extension to digitalization, there are now big banks looking also on how to participate with the blockchain and cryptocurrency so we can expect (and there are already those doing this) banks to be releasing their own coins.

Bitcoin is supposed to be a bank killer but banks are innovating and adopting to change. I don't see a future where banks are eliminated but I am sure cryptocurrency and banks can be co-existing peacefully and profitably and can even be joining forces in serving the people.

This is a little bit funny. While admitting that Bitcoin can be a store of value -- at least partially -- Mr Roubini remains adamant on his old position against Bitcoin, in other words nothing has changed despite his admission which can just be influenced by people he was with in that conference. Well, as they are saying, there will always be two sides to the coin and in any human innovations there will be people whose role is to warn of possible impeding doom if we continue the change we are into. I have a great respect for this man because he is actually making some sense in many areas and I think we should also give space for people like him as their inputs can still be useful. However, don't get me wrong, it does not mean we have to follow what he is saying.

So is it really partial or full?

The thing is that we can only see the huge, huge amount of transaction and then speculate where it came from, where it is going and who owns these coins worth billions of dollars at the current market. How I wish I am the owner even for just a single transaction but that can be beyond of me and there is no ground to dream to be one. Anyway, you are right, these major movements will not be affecting Bitcoin as they are not pumped into the exchanges' ecosystem. That is good news, in face, in the face of the bearish mood happening right now. On the other hand, these transfers are example of the beauty of bitcoin compared to other money remittance systems around as the fees are just minimal.

People have a divided opinion on the entrance of giant companies to cryptocurrency by issuing their own centralized coin taking advantage of their own captured market just like what Walmart and Facebook are doing. Both of these projects are looking at the remittance market and the millions who are regularly on traffic to their own private infrastructure. In the case of Walmart, they can easily use their own coins for their hundreds different stores and this is a huge market...the same thing with Facebook.

I still have to hear any news of any regulator questioning the intent of Walmart and can be because the project has not been that activated in the eyes of the public. Is this still in its infancy? Or is already on the stage the same as Libra is now?

Concern that a project like this can disrupt the traditional banking and finance system, we have to make sure that parameters and safeguards are in place. The only big concern here is that this is not a decentralized platform unlike Bitcoin. This is the reason why I myself is not on full support of this initiative though it is exciting to see blockchain and cryptocurrency now being recognized by many businesses.

There is no place for child pornography anywhere and those who profited from this business should be jailed and be not allowed to freely roam in the outside world again...until they are maybe 80 years and by then there is no more libido left to do anything unworthy like exploiting innocent children for the porn industry.

Sad that the main operator South Korean named Jong Woo Son is just a young guy at 23; had he chosen to just be involved with cryptocurrency he can't be facing the possibility of being incarcerated for many years.  I am sure he is also a very talented young man with a good future ahead if not for this child pornography business. Anyway, good luck to him and I hope he can be a changed man by the time he is back from prison.

Now, it must be emphasized that authorities actually got aided by the open Bitcoin transactions on the ledgers in finding out the culprit. So in this case, Bitcoin has become a tracking tool instead of just saying that it has been utilized for illegal transactions. This is to make the story fair and straight. Cryptocurrency (except maybe private coins) can be an ally to those working against illegal marketplace.

This is a better article for this news: https://cointelegraph.com/news/us-authorities-analyze-bitcoin-transactions-to-shut-down-child-porn-ring

Sorry to say that it might take the current PM of Britain Boris Johnson to convince me that there is an intertwined connection in between Brexit and Bitcoin...sure they both starts with letter B and any event can influence the price movement of Bitcoin anytime but this article is already a big stretch. It is quite funny but within that article, Bitcoin is actually given this recognition:


In other words, it is actually the other way around. In case Brexit can be producing what many fears it would in the economy of Britain, then there is more opportunity for Bitcoin to be the choice as the safe haven for many. How's that, James Bond?

Certainly, there are some personalities which the Bitcoin community (or at least some of the people within) do hate, though sometimes not really in a bad way but just an expression of disagreement and opposition to what they said especially against Bitcoin. So this is akin to the case of fans of a certain entertainment artists defending their idol against the harsh critics.

As to Craig Wright, I feel that he is topping anybody's list as he is unwavering in claiming to be the real Satoshi Nakamoto even if a mountain of evidence suggest that he is just a liar. Maybe we should give the crown to him as the Most Hated Man in the crypto space. Hope somebody can be making a crown for him.

Let me just add Jamie Dimon the Chairman and CEO of JPMorgan Chase, the largest of the big four American banks, who got the ire of the community because of his intense criticism on Bitcoin but we later found out his firm is actually engaging in Bitcoin too...he is then considered to be a big hypocrite.

I am not so sure if we can also add Mark Zuckerberg to this list but I think there are also some who don't like his involvement in the cryptocurrency market by introducing the pseudo-cryptocurrency Libra. This remains to be seen if eventually the man can use his remaining charm to attract the crypto market to his side.

This can indeed be a good opportunity for writers/authors to showcase their talents and skills and then earn some money at the same time. I assumed that this can be another revenue-sharing program but I am wrong as 100% of the earnings are to go to the content writer. And that's terrific! Perhaps this can prod me to finally get up and write something. Are we limited to cryptocurrency-related subjects or am I allowed to explore any topic my mind can fancy with?

While I understand what you are trying to convey here, it would be good for any prospect seller of Bitcoin who is visiting your country to know the details of the exchanger. Do you have a website, perhaps where details can be found easily? Please share those details (especially name of the outfit) rather than just your Telegram handle...this is one way we can inspire more trust and confidence towards you and your service offering.

Please be aware that there are many scammers lurking around and since I am sure you are not one of them, sharing more information can be helpful. You can definitely offer your services here and we do value merchants like you. In case I would decide to pay a visit to your county and location and I need to convert my Bitcoin to local money, I will remember you.

Developments and even news will have an effect somehow on Bitcoin that is if they are taken or consumed by the market as there are also news that the market just shrugged off. I remember the last ETF rejection by SEC that instead of causing the Bitcoin to go down dramatically there was no such thing and Bitcoin even go up a little. In my view, the Bitcoin market has seen so many things already and will not be reacting to things like in the past. But one thing is sure, with Bitcoin there is no way we can exactly predict how a certain news can affect it.


I would not label the post of OP as really that stupid. While it is true that Bitcoin has matured a lot compared to the past, there is still no guarantee that a certain news -- especially a negative one -- will not be influencing the price movement of the coin. Sometimes the market still do react to some news especially when there is nothing else on the horizon.



With the way things are right now with Bitcoin, your projection has come true. As I am writing this, Bitcoin is pulling back below the $8,000 level and the bearish mood is really taking place. I am sure though that this pullback is just a temporary thing in preparation for the possible bull run next year.

Well, who would not want Bitcoin to get ahead from the ATH of almost $20,000 and go higher at $30,000? However, we should not also be giving people the false hope they don't need. We have to be realistic with our predictions though I have to admit that to predict is so free that's why no one should be stopping you. But why not make it $100,000?



Looking at the past posts of OP, I realized that he is just joking. I think he is not a strong believer on Bitcoin that's why he sold his hoard and even call it a big scam. Well, we just have to respect his post here I guess. With the ongoing dip of Bitcoin, I am hoping OP will be buying his supply of Bitcoin so that he can experience the joy of profiting big-time when Bitcoin reach the $30,000 he predicted.



You made me laugh. Yes, very pessimistic at least compared to what John McAfee predicted Bitcoin will be by end of 2020. I am sure that John would be uneasy if he sees the prediction of OP for $30,000 which is not backed actually by any model nor science but just the strong words of OP. Nothing more nothing less.

This is something we have to admit. Humans are motivated by greed more than any principle, ideal or even faith. We want money and we usually do something because we know we can get a return of the capital, effort and time we are exerting. Same thing with Bitcoin and I must admit I also joined in here because of the prospect of gain. Well, generally speaking, there is nothing wrong with that, actually. However, just stopping on money and not exploring more on the things behind Bitcoin can be another story...at least we have to be educated on something that we are dealing with. We have to grow and widen our understanding on Bitcoin.


Bitcoin is digital as opposed to the fiat money which can be seen and can be touched therefore very tangible. Bitcoin is called as the digital gold all because of its increasing value and it is also mined. Being a digital asset, Bitcoin is introducing us into a different era of money, finances and banking...hopefully Bitcoin can be the revolution in these areas that the people can benefit from. I agree with you, Bitcoin does not have to replace the traditional fiat-based economy because that is not the goal anyway. Bitcoin should be an alternative...a very good alternative just waiting for the people to be a part of.

I personally believe that one of the big reasons why we have to be a part of the Bitcoin bandwagon is that this is a tool for people empowerment and that can means we are getting back the power that should have been in our hands long time ago. Now, I am not saying that Bitcoin is the be-all and end-all of all our problems but certainly this can be a start of something revolutionary.

No wonder then that many governments and central banks are uneasy on Bitcoin because they know the possible implications but for some governments who are not lead by myopic leaders and allowing Bitcoin those are the leaders who are recognizing that they are not there in the pedestal for the lifetime.

Aside from volatility, what are the biggest obstacles for Bitcoin to be adopted on a global scale?

Yes, there is no question that the remittance market is quite huge and this is expanding at a good rate in the coming years. No wonder that there are big firms looking at this market with some desire to capture a good slice of the sweet pie (or you can make it pizza). There is a good potential with XRP but I think for now its expansion seems to be not so bright (just my opinion) though I am not counting this entity yet as they are still part of the rate as new partnerships are formed and will be acquired.


Facebook's Libra is likewise taking a big leap hoping to capture the biggest slice of the market pie due to the resources and the infrastructure backing it up. With Facebook alone, the captured market is already so big that maybe at the time Mark's minions were on the drawing board they salivated at the thought of being the dominant force in the remittance industry.

I would not yet declare that Libra is dead but definitely it is on the ICU. Who knows if Mark and his people can pull some magic tricks and just give us a surprise show...sort of spectacle that can make Libra gain the upper hands from the clutches of regulators. Right, Mark?

Just one answer: You are looking at the price of Bitcoin for this week or maybe even for this month. Zoom out, look at the price of Bitcoin for the last, let's say, one year or even the past five years, and you can appreciate how Bitcoin has grown a lot. You see, while there are others who are calling Bitcoin as a safe haven that term is only applicable if you are holding long-term (maybe 5 years of holding) and not for those people who are doing it short-term (just months) as Bitcoin is definitely a very volatile digital asset. Until the time when Bitcoin can get away from its sometimes extreme volatility, we can not say that it is on the sale level as the real gold (the most popular safe haven asset). As what I am saying, just enjoy the ride of this roller-coaster.


Not all chaos can produce positive effect for Bitcoin. Any conflict or any upheaval political or economic in nature must lead to an upward demand for Bitcoin for it to influence the price of this asset. Now, if a particular war (just an example) is creating a big demand for bullets, bombs, grenades, tanks and even nuclear bombs then it will not have any effect on the price for Bitcoin. If we can make a campaign in conflict areas for people to buy Bitcoin because there is a big war coming, then maybe we can help the price of Bitcoin to go up even to $500,000 just like what some famous crypto personalities are predicting.

What many expected the past few days is now happening with Bitcoin. The mood is now bearish and there is a chance that the dip can even go lower. Lacking any positive development that can push the price upwards, the bear is taking over. As i am writing this post, Bitcoin stands at $8,004.22 according to figures supplied by CMC.

However, as always, this can be an opportunity to get in but many are, of course, waiting on the side line figuring our where is the bottom of this movement is.

So take a good guess...where can we find the bottom of this dip before Bitcoin go back running towards the sky?

This can turn out to be a very good move on the part of Ripple as Bitso is a good platform to be a part of the assets under its wings. Bitso can be helping Ripple gain a strong presence in the Latin America market and this investment can be considered as win-win for both parties.


With Ripple, we actually do not need Libra. In light of what happened to Libra, I think Ripple is less controversial and seems to be receiving warmer reception from many regulators though we know that this is a centralized platform and not really the ideal platform many of us in the cryptocurrency industry can appreciate, still many of us have XRP hidden somewhere.


Some people are looking at XRP as the next number two when Ethereum (they hoped) will be drowning on its own "blood" as they are seeing a big potential for this coin to grow and grow especially next year. Not that I am hoping that it overtake XRP but who knows? Maybe getting some more of XRP can be a good decision to make today...

A simple research on this man will reveal that he is actually a known Bitcoin believer even before he worked with Mark Zuckerberg and eventually Libra. So even though some may "hate" the man for his wide involvement with Libra, we could not take out the fact that he was and maybe still is a big fan of Bitcoin. In the first place, there can never be a Libra (or any other altcoin for that matter) today had there been no pioneering efforts done by the people behind Bitcoin.

In my own humble opinion (am not an economist, by the way), I believe that any fiat money should be backed by gold or silver but we know that this has not been the case for the past many decades because many bureaucrats thinks otherwise. Now, that we are seeing many shaky foundations of the global economy, some central banks are reversing their policy on this matter and so they are now in the accumulation of gold frenzy. In the case of a global conflagration, I am sure that countries that hold good amount of these valuable assets can easily weather the storm. And yes, in case of a reset, there is no question that gold and silver will be the top assets that countries will consider.

Can we consider the central banks that now opted for more gold to be doomsday preppers? Well, I don't think they really care as they think that it can be the most practical thing to do in the face of the economy based on fiat money backed by mere promises of the government. On the personal level though I won't be hoarding gold and silver as they are not needed to survive in case of a global crisis. I prefer to stock on foods, water and other related provisions for at least a year and so some farming so I can eat my own produce without the need to ask them from anybody else and to buy from anyone.