Hi,

Actually.. You can understand trends in many different ways. You show us that there is a cycling trend but others would highlight that bitcoin curbs are similar to the trends of tulip or house prices before their respective bubble crisis..

I like the idea you present. And of course, I hope this can be true. But I am quite convinced that we cannot make accurate forecast and that only the future will tell us what was true...

Hi,

For the moment, I think it is impossible to get paid full wage with only crypto... You won' be able to use them for your daily needs, so you will be obliged to turn (at least) part of it to fiat currency. ANd you will pay for that. So I guess it is better to be directly paid in fiat money and, maybe, turn part of it into crypto..

This is not the first thing I read/see about being paid in crypto... But I would say that actually most of it is merely a company betting on announcement effect to attract young graduates.. And in most Western countries, I guess it is not even possible to do it, as crypto are neither legal (nor illegal, though, just ignored)!

Hi,

I think it is hard (or even impossible) to draw such a list..

Everyone can have his personnal rreason to hold... You can hold because you have forgotte you had bitcoin, you can hold because you hope for a huge profit later on, you can hold because you want to invest in ^ promising projects...

This is also what is interesting about bitcoin: it is a currency. It is hard to use it currently in the real world, but digitally, you can do whatever you want out of it. And that's great! 

Hi,

I think this depends on you. If you think that bitcoin is like gambling and that it is not conciliable with your religious practice, then don't do that.


But I know that some muslims drink wine. Or eat gelified candies. Your religion and what you do only concerns you and your consciousness. And no other human being should judge you!

Hi,

Well your example with the old pokemon card is quite right... And accurate!

Today, such old-fashionned cards can be worth thousands. People still like them and they are not so few to collect them... So those who stuck to it were either lucky enough to find old "garbage" worth buckets, or passionate enough to rediscover such passion...

I don't say that it will be the same for bitcoin. Maybe, it is indeed dying. But I know for sure that your example is especially badly chosen.. 

Hi,

What was said is entirely true...

And it is also true for fiat currencies!

At the beginning, currencies were supposed to have measurable values, and to be comparable to one another through a gold standard. For example, the US government was printing dollars and aware that they had.. let's say 10 "measures" of gold (whatever the measure, whatever the figure, this is just an example). Another country, let's say the UK was printing pounds and aware they had 20 "measures" of gold.

So quite logically, in this example, as we have an established and clear gold standard, we can say that, if both countries print the same numebr of dollars and pounds, 1 pound = 2 dollars.

This was the basic idea. But of course, the system was more complicated and... year after year, it was abandonned, little by little.

Today, the gold standard is no more used and fiat currencies have an established value that relies on almost nothing. The dollar should actually be worth 0, but people still use it.. So it is still valuable. But indeed, that's just a question of trust!

Hi,

Not really in fact.

I think that she used it well. She couldn't possibly know or even believe that at some point, bitcoin would reach such level of price..

So what she did is actually reasonnable. I understand that she may regret it know but she acted carefully and thoughfully. So there's nothing to fell pity for...

Hi,

As many have already said, there are many options, so I won't add mine.

In order to secure your investment, just keep that in mind:

- the platform you eventually chose should have many users. try to check its reputation.
- think about transfer costs beforehand... that's another oint of comparison that can make a huge difference.
- don't believe in marvelous promises, they are generally ponzi (or other kind of scam)
- (invest what you can afford to lose, but I must say this is a general advice, available for any bitcoinner)

Good luck!

Hi,

Your title and your post are saying two different things...   

Has Google been sued (that is to say accused and potentially brought in front of a Court, but not necessarily proven guilty) or charged (that is to say proven guilty and ask to pay a certain amount of money)? What is the situation actually?

If Google really has been charged after being proven guilty... Well, I may not like the Russian system, I would admire this country for being able to make Google finally pay. They are making so many actions everywhere, depriving people from what they should have (taxes in all countries that they should pay to the government), they should be paying. A lot.

Hi,

I don't think this would change anything, actually.

On the one side, let's look at people's reaction. Some may be scared of bitcoin due to the erratic trends, but others see it as an opportunity. There are many people joining the community for the thrill of trading and potentially wining quite big amounts.

On the other side are the governments. They cannot see bitcoin in a friendly way because of the mere principles of bitcoin: allowing people to get rid of control, and do whatever they want as trading without having to decline their identity. For the government, this is a threat. And the rise or fall in prices are just arguments to try to prevent people from getting involved into bitcoin.


So... If such erratic trends were not... I guess the community would be different, indeed, because people involved would not have the same mindset... But I don't thnk this would change the importance of the community, and I am completely sure it wouldn't change the opinion of governments!

Hi,

China is... a complex country actually.

Officially, this is one of the few countries in the world that isn't capitalist. In reality... Well, this is quite complex. The "communist" characteristic allow the country to implement laws that are really limitating people's actions. On the other hand, this country is the most trading country in the world. The Chinese government is perfectly aware of the opportunities offered by capitalism and they use them. A lot.

They trade, they buy, they offer cheap workforce.

Regarding bitcoin more specifically, I'd say that the existing regulations and the ones that could be implemented next, only reflect what China is. Making profit is ok, as long as officials can benefit. So bitcoin (and other cryptos) is bad because earnings won't be controlled.

Hi,

What I say is that there is nothing assured.

You can do that, you can decide to keep all in btc... Anyway, you won't be sure about the outcome before.. it is actually done!

There isn't really a reliable advice that can be given to you.

Hi,

This may be true in some countries... With very specific regulations...

But as far as I know, owning bitcoin cannot be illegal. Just because you can digitally own almost everything. Bitcoin is a currency, and laws about currencies are quite open, allowing any community to create its own currency.

So definitely, no, owning bitcoin cannot be a crime.

However, some government may wish to regulate the earnings you make through bitcoin. And for that, they may try to make some platforms illegal or unreachable from a defined country (so useless) or may ask national banks to refuse transfer to cryptos. This won't prevent people from using bitcoin but it wil make such use harder.

The aim, in the end, is to avoid people making most of their eanrings through cryptos and paying no tax. For the moment, though, the number of people concerned is so low... I guess this is not a priority regulation!

Hi,

It is actually rather hard to say. There are three possibilities:

1- It is the lowest price you can get and the current trend will end soon, allowing people who bought to ensure a large profit. (the best option, of course, the one we all expect to see)

2- It isn't the lowest price you can get. Prices are still going down and you should wait. After a while, price will bounce back, but it won't be over the short-time. (this is another interesting option, as ong as you can afford to wait)

3- The current trend is actually a sign of the death of bitcoin. Prices are going to go down and down and down and will never bounce back. Cryptos are dead. This is the end, and buying would mean losing your investment. (here is the risk)

I personnally don't believe in the third scenario. But that's just my opinion and I can understand why people may be reluctant to buy!

Hi,

Actually, I guess that in most countries, governments do not have to impose any regulation... Just because the cost of electricity (and the amount of power consumed for mining) is way higher than what you can expect to earn, at best, when you mine.

So the calculus is quite simple: in most (western) countries, mining costs money. You pay more in electricity charges than what you earn. So... well, no one wants to mine!

That may become a problem, though, if governments implement regulation to prevent companies from mining (because for them, mining can still be profitable)...

Hi,

I think this debate is actually rather simple:

Either you believe in bitcoin, and then now is a good time to invest since the price is low.

Or you don't (because of its volatility/illegal side/technical issues/regulation/etc) and then you shouldn't invest.

That's quite simple. Each person can make his mind..

Hi,

I think changes will happen slowly... But, I don't think that one day we will completely get rid of paper money. Just because it is way too useful for daily shopping.

We are still far from the futuristic visions of people buying anything they want through an interactive wall in their house, or a chip in their arm.

It is actually impossible to state how far changes will occur. We can already buy things through our phones, but there are really few people actually using this option! So even though technology potentially allow us to get rid of paper money, we are still using it!

Hi,

Not really a good or bad news actually...

We know now that the NSA can actually monitor and control almost everything. Of course, they must chose between everything they potentially track, but still they have access to most information and there is no one to ensure of what is done out of these info.

Regarding bitcoin specifically, though, I'd say that this is no a surprise. And as we are aware that everything is tracked...

Hi,

I don't see anything that could support the comparison...

Yet, there is one point missing in your analysis. Your profit in bitcoin over the last year is indeed really high and really interesting... But I think it is also the most risky bet. So I guess that would should be added to your analysis, is the potential loss...

Because, indeed, the potential of profit may be over 800% but the potential of loss should be quite high too... Whereas with the gold and its standard.. indeed the rise is really slow and steady, but it is also quite sure. So yes, interesting analysis, but you should complete it (if you have the figures)!

Hi,

I don't know the law precisely.

What I know for sure is that 3,000$ isn't such a huge amount of money.

So even though such law exists, all transactions of 3,000$ or more cannot be controlled. I don't really understand the point of such a law... If the idea is just to make statement... Well, indeed, you should limitated the amount of your crypto transactions if you want to avoid control...