The free persmissionless nature of bitcoin permits anyone anywhere to start up a business and start recieving payments for its service/goods. Removing red-tape situations and freeing up the markets creating competitions everywhere. It removes corruption from the equation and levels the playingfield especially for the poor to compete with the rich. For the great ideas to float to the top and not be weighted down by unfair competition.

Crypto is very novel technology. Might we see a central bank one day issue digital units of its currency in crypto form? Could happen. To put this in perspective though, crypto here is just a new kind of paper to print money on. Very clever, novel digital paper, but still just new paper.
Bitcoin as specific implementation of crypto has two basic use cases: a vehicle for speculation; a payments system for grey/black marekt participants looking to evade laws and taxes. As such it is and will always remain a niche item. Currencies are a creature of law, issuing forth from sovereign legal authority. Bitcoin can't challenge or displace them any more than a crowdsourced constitution could overturn established rule of law.

 Bitcoin is the pioneering cryptocurrency and hence the most popular one among the crypto community. Most of the crypto exchanges offer Bitcoin as one of the cryptocurrencies in the trading pairs available on their platform. Furthermore, fiat to crypto gateways accept only a handful of cryptocurrency pairs that include Bitcoin as one.
 So, someone who does not hold any cryptocurrency and wants to buy altcoins, he will have to buy either of the primary cryptocurrencies. Google search results reveal that Bitcoin is the most searched one among the four primary cryptocurrencies. When the same person wants to sell his altcoins, he will have to exchange them against one of the primary cryptocurrencies for fiat. This proves that the crypto investments are linked to Bitcoin some way or the other.

Before we get to mass adoption people need to understand what bitcoin really is. Not lambo memes or expectations of 1000x, they need to know how bitcoin is sound money and why it is important. Once people learn WHY it's important then I think mass adoption will slowly follow. It's a work in progress, you need to understand mass adoption will take time.

I think most of it is already sayed, one more thing IMHO is to understand the function/use-case of “tokens”… some are currencies, some are licences, some look like shares or debentures, some are just around to enable the network (ETH) with it’s smart contracts, …. if you look at the use of the tokens (they are all tokens) you’ll better understand the potential of it. And you might see the upcoming problems: currency = income tax; software licence = VAT; shares = income tax, prospectus liability, SEC, FBI,FED, EBC, … ;-)

So in short think of token-as-a-coin, token-as-a-licence, token-as-a-share … not currency.

They should be self-regulated. People are capable of bottom up organisation. We don’t need no Leviathan to tell us what to do. Plus, the idea is that we entrust algorithms, rather than governments.
In my opinion the only thing to regulate at the moment are not the currencies themselves, as they are automatically regulated, but the exchanges, also the ICOs that raise money and then run away with it.

I don't see anything wrong with that, however we're not even close to crypto being used by everyone in the world - at least not yet. So we do rely on people holding to reduce selling pressure and keep prices less volatile and less likely to bottom out at lower prices.
I personally think it's natural to hold, because no crypto is a full-fledged currency accepted by a large enough population and merchant adoption isn't high enough yet. And most people would have no idea how the market is going to react, especially in the short term.

In fairness Satoshi did also intend for it to be a system analogous to cash.
If we're going to take Satoshi's words as doctrine, he also supported the idea that as the network grows, we should grow the blocksize. Satoshi was a smart guy, but the system he made was meant to be about decentralisation and consensus. It's really strange to look to Satoshi as a point of authority when he designed the system so that it doesn't need an authority.

I’d recommend making a paper wallet and just store in a safe place. Make backups and store in different places if you want. But I wouldn’t really stress about the wallet until you have a significant amount of money invested. Also you could do a test run by putting a small amount into the wallet just to make sure it works.

One of the keys to HODL is to have an actual long term target in your head. If you don't, any new ATHs will make you question your position. Just don’t sell them, what’s to know?
If you’re problem is you can’t resist to sell them because you’ll get a lot of profit, just think that that profit will be way bigger in the future, if everything’s nice. Put an eye always on the news so you know when something good or bad happens, so you don’t eventually lose all your money or something, but you probably won’t.

yeah i agree. I look at 90% of ICO's and they suck with no chances of suceeding then they raise 50 million USD in ETH or NEO. When they have no working product, no technical experience, nothing. Their application is not even remotely related to block chain.

He might be a whole bunch of people, or even a she - Truth is, as fun as the Scooby Doo like mystery that surrounds the 'founder' of Bitcoin is no one really knows who Satoshi Nakamoto is and it may not even be one person. Or a male. One thing is for sure; Satoshi Nakamoto does not want the world to find out who they are, for reasons known only to themselves. Still, it is intriguing to try and guess.

If the exchange is for export goods and the profits are placed in the economy of the resident then yes they can. A sale that results in demand surge will inevitably help buisnesses profits and create jobs. The transportation of the product or products purchased with proceeds may be a significant help. Imagine a person selling enough to pay down debts or purchase equipment or simply have money to spend. The inflation rates of countries and unflation rates may be hedged by the cryptocurrency.

You can’t and shouldn’t trust. If you think of online wallet generators you should do the following:
1.use a fresh OS install. (Some trusted live linux distro is excellent, they can be run from a pendirve, you can download/set up them in 5 minutes) 2.disable all network communication (wifi, lan, BT).
3.run your wallet generator (almost all can run offline). 4.save your wallets (e.g write down, make a photo) 5.immediately destroy all persistent data on the machine. (dd all the disks and pendrives).
Unfortunately the only true way to verify the generator correctness is to thoroughly examining the source and having deep knowledge of cryptography. Otherwise you must trust the creator or the wisdom of the crowd. Use some popular and open sourced generator which is (hopefully) verified by several professionals.

Bitcoin is a trustless system. No need for someone to be trusted to validate transactions. It’s as cash. So if you want to have charge backs and other goodies that credit card, offers you, then a credit card is fine. For me, have a card issued I need proof of identity, proof of residence and other paperwork. So I prefer to have a bitcoin wallet easy and use bitcoin for my buys.

Where is your proof that Bitcoin is “definitely” a Ponzi scheme? Bitcoin is not a fraud, there’s no real evidence to prove that (if you have, please share). Ponzi schemes, by definition, are built on fraud. Bitcoin introduced blockchain technology, an open ledger, which the U.N. and major global banks are copying now to create their versions of tokens/currencies. You might have confused bitcoin with pump and dump ICOs. Bitcoin is not one of these.

 Who controls gold? This is the exact reason bitcoin and cryptocurrencies were created. To relieve the governance of a president, group, or government. With the exception of some coins the main idea of cryptocurrencies is to be decentralized. Bitcoin is probably the most decentralized and largest coin… given that we don’t even have a founder/creator.
 The goal of this is to not rely on the government and to not be pushed around by them either. With a fiat currency we can just create more money and make the value go down or even burn the money to make it go up. It’s value is really determined by the country and how well it’s doing. With Cyptocurrencies it’s way more valuable and can’t be manipulated so easily(provided the coin is distributed around and has a fairly large market cap). If your countries fiat fails you have nothing to worry about, it’s as if you were just to hold gold but with a way to transport it and actually use it in your daily life.

Don't risk more than you can afford to lose, however, don't sell a high-risk/high-reward investment just because it went up 2-3x. Limiting gains, while letting losers ride, is a common and major mistake.
Furthermore, it is not easy to find high-risk/high-reward opportunities in conventional markets, so, for funds with that objective, a decent case can be made for staying in BTC.

Yes any income is taxable if you declare it. In fact that socialist rogue Jaitely has already started sending tax notices to bitcoin traders.
This is going to be some real fight with the state. I would rather recommend that anyone trading in bitcoins does so completely anonymously. Maintain an account outside of India and then if needed repatriate the same into India as a foreign investor. Then they will suck your cock and also lay out a red carpet.

Bitcoin is difficult to understand for a lot of people because they don't really understand how money works in the first place. People are so used to using fiat currency that they just know it works as a way to get stuff from people. They don't really understand how it works, in terms of why it has value, how much of it there is, how it is made, if the bank actually has the money they say they do, etc. People get confused, and put off by bitcoin because to really "understand" it you would need to be well versed in cryptography, tech, and economics, and maybe even more. It is difficult to understand it completely, but you don't have to understand something to use it and to gain value out of something. Right now the consumer facing technology for bitcoin is a bit more raw than the other technologies people use, so this makes people think it is harder to understand. People don't really understand how email works, how the internet works, how the US Dollar works, but we are able to use them easily without understanding them.