I observed that a lot of people are asking when is the best time to invest and many seem to find confusion for it. You asked this question last November 20, 2017 if bitcoin prices can reach $10,000 by the end of the month and the answer is YES. Currently, the price is around $9600-$9700 and it may soon reach the $10,000 mark by the end of the year. Back on my question, if people invested today they will inevitably earn profit in the long run!

One factor that determines the price of bitcoin is due to the law of demand and supply. Not to mention, big trading companies are starting to accept bitcoin as their trading option which contributes to the price increase. Soon, people on wall street will definitely not ignore bitcoin and we may soon see it as one of the biggest cryptocurrency ever.

Bitcoin's price is heavily influenced by time and the number of investors. As time passes by, people start to recognize its existence due to the blockchain technology of transfer of money. Not to mention its decentralized nature, people used it as the main currency under the dark web, which heavily influenced a lot of abusers into buying bitcoin. Slowly, people began to realize bitcoin's existence and a lot of investors are risking their money due to its high-risk, high-reward factor. Lastly, the supply and demand of bitcoin determines its price on the market due to its 21 million cap.

There have been recent news regarding some scamming of cryptocurrency (confido.io) that after their ICO, $375,000 were stolen and the founders cannot be traced. Well, situations like this are common in the crypto world, considering its nature of decentralization makes it difficult for it to be regulated by the government. The bitcoin community is inevitably rising due to its price also rising on the market. Big trading companies like GME Inc. has started to accept bitcoin as one of their trading options. This is to be expected and definitely, it brings a positive note on bitcoin as it gains more acceptance and usability.

Though the price heavily depends on the news regarding bitcoin, based from my experience the price drops right after a fork which happens like 2-4 times a year. Fortunately and unfortunately, the fork that was supposed to happen on November 16, 2017 was cancelled and many investors missed the opportunity of its price decreasing. Maybe by the year 2018, forks would inevitably happen and take that as an opportunity to invest large amounts of money to fully maximize your profits. But do remember that today might be the opportunity to invest since by basing it on the price history index, bitcoin may soon skyrocket once again by 2018 and might even reach the $10,000 mark.

Currently, I think that bitcoin is definitely controversial, considering its significant price in the market nowadays. Big investment corporations like GME Inc. are starting to recognize its potential by allowing bitcoin to be included on its trading aspects. But I think that with the recent price hike, there are a lot of scams happening that contributes to the negative stigma of bitcoin. Just to cite you an example, 2-3 days ago confido.io founders scammed at least $375,000 worth of ICO money from investors. Due to this, investors are now more skeptical of investing their money into other cryptocurrencies which may negatively affect bitcoin in the near future.

I have a friend whose both parents gamble on a daily-basis. Fortunately for him, his aunt took care of him while growing up and by even paying for all the expenses. From what I heard, his parents are drowned in debt and about to lose their house if they do not pay the bank by next year. Luckily, my friend never bore any grudge from his parents, considering the circumstances that happened and he even offered to pay for the debt. What I learned is that, gambling can really destroy your life and affect everyone in your surroundings especially when it gets out of control.

It can be treated as both since it purely depends on the user's purpose on it. Generally, bitcoin is regarded as an asset since people mainly use it as an investment for short term or long term purpose. Otherwise, mostly view it as a currency since its value can be convertible into fiat, considering its significantly high price on the market. Others view it as both since they withdraw their bitcoins for emergency purposes while retaining some for their investments. Like I said, it purely depends on your use and your perspective on how you view it.

Firstly, the government cannot impose tax on something that they cannot regulate. This would result to them, abusing their powers and discretion since bitcoin being a foreign object, is decentralized. Second, in the event that the government would impose tax, then this would result to its price decreasing dramatically relatively. Other countries prohibit the utilization of bitcoin while others support its system and opportunities provided. If they impose tax on my country, then this would likely result to some individuals, evading to pay tax which will contribute more to the stigma of bitcoin.

I agree but it also depends on your respective laws in the country you reside on. Here in the Philippines, my colleague interviewed the lawyer at our BSP (Central Bank) and discussed about bitcoin's legitimacy. The lawyer said that bitcoin being a digitalized currency, it needs to be taxed if you got it from mining since it falls under the category of "other income". Also, bitcoin is being regarded here as 'property' and not as currency, thus it is not subjected to legal tender or for payment of debt. Though even if it was categorized by  the BSP, in practice we still treat it as an alternative currency for the payment of our obligations or for investment.

You are definitely right. Being able to win does not change the fact that you are still playing with risk and odds. Even if you have the capital or even if you prayed to your God, the chances of winning and losing are still the same. Consider that as your lucky day and if you think that your method works superstitiously, then who am I to stop you? Just remember that you should know WHEN to STOP gambling and only bet the money that you are willing to lose in order to at least lessen your regret. I have a lot of friends who have experienced your situation and almost all of them ended being bankrupt. Best of luck!

The idea of switching into a cryptocurrency payment may sound good, but the drawbacks are highly toxic especially when it comes to hacking and scamming due to its nature. You may be right that the process of making fiat and gold mining harm the environment but if we adapt the system of payment into digitalized forms, this would create chaos into the economies of countries around the world. We may lessen the the impact of pollution around the world slowly, but in an economic perspective this would destroy markets and may cause hyperinflation in some countries.

Personally, I find trading or doing services in exchange for bitcoin to be the fastest way of earning. Through that method, you can earn a significant amount of bitcoin in a short amount of time depending on the skills and abilities you possess. From what I observed, making signatures or being a campaign manager seems to be one of the most profitable way of earning bitcoin. But I find participating in campaign signatures to be the most reliable way of earning bitcoin. The beauty of these campaign signatures is that, its convenience in time is relatively fast and you do not need to have any capital to start on.

This problem is common among people who have their bitcoin being advertised across the internet. The tendency is that, hackers would know which people to target since they advertise it on youtube or any social media. Personally, I would suggest that you keep your coins diversified into different wallets and even providing a hard-copy for it. In this way, you may be able to reduce the risk of losing all of your bitcoins. This is primarily the reason on why we cannot adapt bitcoin as the main medium of exchange due to its nature, being hackable on the internet.

You may be right that bitcoin is the strongest cryptocurrency currently, but there are also others who are catching up with the price (ethereum, e-toro, etc.). Bitcoin itself as a cryptocurrency is special compared to other types of currencies because it makes both the user and the receiver convenient in receiving payment. By using the block-chain technology, sending money is faster and easier. The only hindrance that stop this from further developing into different countries is its nature being digitalized. This makes developing countries hard to adapt with the system due to economic discrepancies.

Comparing it to fiat, fiat still remains as the world-wide currency since all countries accept it as a mode of payment. In bitcoin's case, its decentralized nature makes it impossible for government agencies to regulate it, thus making it unrecognizable as a payment. If the government does not see it as money, then internationally it would not be accepted as the main medium of exchange. Hopefully in the future, more countries will be lenient on their rules and regulations so bitcoin can be categorized as an alternative payment for MOST services and products.

Basically, bitcoin has now reached the $8,000 earlier and is expected to rise until the end of the year. If we are going to compare the prices back on January 2017 and today, you will observe that the price definitely skyrocketed by at least 400-500% from its price. By 2018, I expect bitcoin to continuously rise, especially that CME Group Inc., the biggest exchange, is beginning to accept bitcoin for trading. Though it may be difficult to predict what may happen next year like forks, segwits, etc., it is safe to assume that its price will increase.

Source: https://www.bloomberg.com/news/articles/2017-11-19/bitcoin-soars-past-8-000-as-technology-shift-concern-vanishes

Bitcoin being used by everyone is the ideal situation but you need to consider that most of the population around the world are in the below-average spot. Also, you need to know that most countries are still on the 'developing' stage, which result to a discrepancy regarding their respective economic situation. Those who are poor and are in poverty have no means of acquiring stable internet connection, which is a mandatory requirement for virtual payment using bitcoin. This is the only hindrance that I see that must be addressed if you really want to push for world-wide scale payment of bitcoin.

You can always buy bitcoin at any time given but it is preferred to wait till its price decreases, which will happen eventually. If you really want to make the most out of your investments or profit, then you may want to wait for forks but also do note that the price of bitcoin tomorrow might be higher compared today. It is really hard to predict when its price is going to fall but I would suggest that you should buy bitcoins now, considering that there has been a steady increase consistently.

Bitcoin is expensive due to a number of factors, namely:

1. Its decentralized nature makes it the perfect payment for anonymity purposes;
2. The high volatility due to a number of investors increasing and individuals cashing-out their bitcoins;
3. No government agency can ever regulate it, thus tax imposition is impossible; and
4. The demand and supply dictates its price in the market.

Bitcoin's reputation has been steadily increasing throughout the years. Way back, if you invested 100$ before and you kept it till now, then you have around $70 million right now if you did not spend it. Lastly, since bitcoin has been popular nowadays, many investors are risking, resulting to a pump in the price.

The question is, do you have enough capital to gamble? If yes, the method that I am going to teach you is the amount you should bet on. For example, you betted $2 and you lost. In the next round, you should bet $4 and if you lost again bet $8 and so on. In this way, you can regain your losses faster and easier but the only hindrance to this is you need a large capital for it.

Personally, even if people share their tips and methods for gambling, if the odds are really against you then you have no escape in the gambling industry. Instead of learning tips on how to win, you should invest your money or use it on a different purpose instead of risking it. Even if you are the "Master Gambler" in the gambling world, you are still playing with risks and there is no guarantee that you will win. Only bet the money that you are wiling to lose and you should know when to stop.