Casinos and online gambling games are still very profitable because those who gamble are enticed to play since the returns are very high. However, since the price of bitcoin is increasing, this may make it hard for the players to make bitcoin purchases or bets.

Bitcoin businesses are definitely profitable right now so better get it while it's hot. There are a few shops which offer bitcoin as a payment system so perhaps opening up one would be convenient and attractive for bitcoin users.

The Y2K scare made the people doubt and lose their faith on computers. This developed a fear of an impending crash and this discouraged the investors. At that moment, they actually DECIDED that computers will be rendered useless once this crash happens. The investor's loss of faith on computers when the Y2K scare happened was what made the elimination of trillions of dollars. Once the investor's lose faith, it's game over. This would happen to bitcoin as well if its users choose to lose interest or faith on it. Since it's speculative, the price would definitely drop once the users suddenly have doubts on the price.

Governments generate revenue through taxes so if they would want to get money through the bitcoin users in the country, then they may probably do that. Also, they may impose regulations or limitations for bitcoin users and holders. This would be a hassle for us users especially if, for example, the government chooses to regulate the exchanges. A way for them to stop bitcoin would be creating a ban or prohibiting its use or possession.

This is mainly the reason. Wages are really low in the Philippines and Filipinos have been looking for ways to earn extra or get better jobs just to sustain their families (i.e. work abroad, become an overseas Filipino worker) and somehow, bitcoin has provided them with extra money or sideline income through signature campaigns. Because of this, a lot of Filipinos engaged into joining this forum with only the sole aim to earn through signature campaigns even without knowing about bitcoin entirely. Out of desperation, it has made them "go crazy over bitcoin".

I can't but deny that there are a lot of users in this forum who are like that. However, their financial situation in the Philippines and circumstance has made them this way. With the hopes of earning more, or to even just sustain their family, this has created the "hype" in third world countries such as the Philippines.

It's really up to you, OP. A lot may say, even experts, that the price of bitcoin would continue to increase in the future but if you were to think otherwise, then cashing out at this price wouldn't be so bad. If you've already profited from the moment you bought your bitcoin and feel satisfied with your profit, then my advice would be to cash out. If you're inclined towards long term investment and also believes that bitcoin will have much greater value in the future, then just continue to hold it. Base your decision on what's most suitable for you.

I used to have some doubts or get a twinge of fear when the price would dip but once I found out that it's normal for the price to experience some dips and corrections every now and then, I no longer get worried when it does. Unless some event may happen that would cause an impending crash, I don't get bothered by the dips. Also, whenever there is a dip I expect the price to rise a lot higher right after so it's actually better and beneficial for the users because it gives them the opportunity to buy and sell then get some profits.

I agree that bitcoin may be on its way towards better access. It's a phase that any invention would go through, even cars were only limited to a few people back then - mostly just the rich. It eventually became mainstream and almost everyone have cars as of this day. These are problems and complications that bitcoin has, it's transaction fees and time would hinder its users and solutions should be made for this.

This may be the case. If the author were to persuade it's readers to invest in bitcoin, then they may get sued if these investors lose their money. As said, they could have just been playing on the safe side because they also fear the volatility of bitcoin and 'lack of security'.

However, there are many articles out there dissuading the public to get involved or invest in bitcoin. Perhaps this is simply the trend and writers just want to follow suit.

That’s quite true. Ony a number of people in the Philippines know about it. It’s been increasing in popularity the past few weeks. A lot get curious and have some interest in investing. It’s not yet mainstream and bitcoin would still be a foreign concept to a lot in the Philippines if you were to ask them. It’s true that bitcoin knowledge is lacking and limited, also there’s not much resources for the bitcoin users as said.

Yes, I agree. I also check the price in order to check whether the price have hit another all time high, but not too often. I usually just check it daily. It's still important to keep up to date on the BTC prices, without having to check on it every now and then otherwise this would stress you out. It is but expected to see some price dips every now and then so one shouldn't fret to see the price go down once you check it. We should keep up with the trend, as this would help us in making decisions to buy or sell.

Those things may be true - wealth and power gives one influence in the political world. However, other than people with power, money and guns, I still believe that the sovereign people have influence and power.

In a democratic country, the people have sovereign power. If there were many citizens who use bitcoin, then the government would have no choice but to make some actions and do something about it. They would have to either adopt it or prohibit it if they find it to be a threat to the nation. Its possible for bitcoin to be recognized by the government as a currency, it will because it is needed by its people.

Along with that, the popularity of bitcoin has been growing more and more each day. People have been getting more curious because its price has been pretty impressive, and it's beginning to be talked about in the financial and business sectors. This tremendous price has catched the attention of business magnates and other investors.

Not to be negative, but this kind of trend of alarming price increase has brought critics to say that this is a bubble. Whether it's true or not, the bitcoin price trend has made others have these kind of thoughts and comments.

Along with that, the popularity of bitcoin has been growing more and more each day. People have been getting more curious because its price has been pretty impressive, and it's beginning to be talked about in the financial and business sectors. This tremendous price has catched the attention of business magnates and other investors.

Not to be negative, but this kind of trend of alarming price increase has brought critics to say that this is a bubble. Whether it's true or not, the bitcoin price trend has made others have these kind of thoughts and comments.

Yes, you can OP. Just check out the bounty campaigns found in the altcoin section of this forum. There's a lot offered there wherein you can help them advertise their ICOs through social media or blogs then get paid in tokens. There are some facebook and twitter campaigns, and video/youtube or blog campaigns that may be found in the services section of this forum which offer to pay in BTC.

Asides from that, there are many other ways to earn BTC. Best to read up in this forum in order for you to acquire more knowledge and learn from the other bitcoin user veterans.

Perhaps it's best to inquire with the lawyers around your area, because it would depend on the legality of bitcoin there. It may be hard to find a lawyer who's knowledgeable on bitcoin, especially since I think there's not much law or jurisprudence relating to bitcoin since it's quite new in the international scene.

Regarding your business, I think that there will be a need for license or papers for that even it is concerning to bitcoin. Any kind of business that you would want to put up would require some paperwork and registration, otherwise you might be operating illegally. Every business should be recognized by the state.

Personally, I don't have any because I've never invested in an ICO before. I've received tokens however I haven't profited greatly from any yet. I mainly hodl bitcoins and aim to earn more BTC.

I've heard about numerous ICO experiences before though. Despite this, I haven't tried investing in one because I'm too scared and I find it hard to determine which one to invest to. Everyone's been saying to check out the white paper, development team and etc. however it's hard to simply just base on those. It's quite a huge risk with high rewards.

I must agree. People or news like these pop up every now and then, and so far the tide hasn't turned completely. It would die down then reappear every now and then. People will always have something negative or bad to say about bitcoin even when it's at its peak or performing very well. There will always be some haters out there who will try to bring bitcoin down.

Also, it's quite possible that these are just FUDs. The recent price increase may brought others to want to lower to price, thus creating such FUDs.

If there were to be a hard fork this december, then that would have a great impact on the price. It may create a huge surge or possibly a massive price drop. The growing number of investors may also contribute to a price increase by the end of the year, along with the positive news for bitcoin. Personally, I still think that reaching $10,000 may be a long shot despite all these factors contributing to a price increase.

How nice of that, OP. Congratulations on your upcoming talk, also I would like to commend you for contributing to better knowledge on bitcoin in your community. It's really good that bitcoin has been being recognized in the academic scene. Just a few months ago, most people (even those in school) don't even know about bitcoin. Now, I've been seeing studies and thesis' being done on bitcoin also it is already being discussed in the academe. This really is a big step towards better recognition and awareness on bitcoin.

I would like to disagree on some points here. I still think that it's important for an investor to read the news and be updated with the current events. Even though some may draw out fear or would make one to panic sell, I still think that being up to date is still pretty important because this may help you in making financial decisions especially for investors.

There will always be that fear and I would want to point out that it's because there is a risk in investing so the best way would be to just continue to have faith in your investment.