Hi,

As long as you are aware and ready to wait... Well, I guess this can be a good strategy.

I also think that low prices are a good buying opportunity but it may no be so easy..

Hi,

Could you explain more? Coud you give your own opinion?

Here are some explanatory factors (but maybe some are missing):
1- prices tend to be chaotic because bitcoin doesn't rely on everything real
2- statement and announcement effects have huge impact on trends
3- period of the year has an impact
4- mass media tend to make the community grow or decrease.. and so do prices
5- people may be a bit more reluctant now, after the huge rise in December 2018

But these are only some factors...

Hi,

Luck is not everything.

Being smart is not everything.

Having a great family environment is important.

Working hard is not enough, and may not give the results you expect.

Hi,

This would be interesting, indeed!

But I don't think this is possible for the moment, and even in the near future. Using encrypted money for big transactions is interesting, but I don't think it is convenient for daily shopping.

So, I see your idea but... paper money and metal coins still have some time!

Hi,

This would potentially mean that you can buy anything with bitcoin.

Fact is... This isn't true. If you want to buy something, chances are high that you don't know personnally the seller. This is the main role of banks currently: they are here to ensure the transaction is done correctly. The same thing can be done through the blockchain... if both the seller and the buyer have the technical tools needed.

So, yes, in some precise cases, this may be possible. But generally speaking, for the moment at least, you cannot use bitcoin to buy a house!

Hi,

For the moment, the cashless society you describe is impossible. Just because we don't have the technical tools, or at least they are not spread enough to be used for daily needs.

Though, I guess that indeed, at some point, we may be able to completely stop using cash. This would actually be a great economy: no more paper or metal  wasted for transactions.

Yet, for now, digital is only online!

Hi,

Either all this drop is because of a mass manipulation of the community from a large organization, whatever it is.

Either all this happens because in fact bitcoin is a bubble about to burst.

OR maybe it is just the beginning of a new, erratic trend, within the numerous chaotic trends bitcoin price has known. I think that the two theories above may be true, but still cannot explain it all. So my best guess is that there are so many explanatory factors that nobody really understand it, and even whales struggle to manipulate the market as they'd like.

But this is just my personnal theory!

Hi,

Even with fiat money still existing, I think it is possible to see one day charity accepting bitcoin. For the moment, I guess that the main issue are the technical limitations.

Charities, as they are not supposed to make profit, cannot invest on such things. But once the technical tools get spreaded,of course they can use it.

If your concern is about anonymity and the fact that money may come from illegal sources... Well I'm sorry to say that the biggest charities in the world don't care, as long as they earn money! Last point: before giving to a charity, check the wages of its most important members. Sometimes it is completely insane!

Hi,

Chance is not everything.

Your intelligence may have a role, but what is determining I think, is your environment.

If you grew up in a wealthy family, chances are high that you had access to culture when you where young, or had financial means to make studies..

And therefore in the end you can more easily have high paying jobs or a better living environment!

Hi,

Bitcoin can go even lower actually. There is no price limit and price can go quite down!

As long as people won't start buying back, prices won't bounce back!

It is impossible to forecast the future and the trend of prices... All what you can do is buy, if you think the price is very low, and wait otherwise!

Hi,

Maybe you can just.. invest some money in crypto and then hold until prices ensure you are making a profit.

If the problem is only about spending too much time on trading... Well, you can trade over the long-term. It will be less time consuming, and less risky as well!

Hi,

You are offering to create a taxation on wallet, right?

Well, I understand your point but:
- I don't think there are so many lost bitcoin for the moment. Some stories may be impressive but still I think the amount concerned is very limited
- The concept of taxation here is.. completely against the mindset of most bitcoiners.

Hi,

I'd say that the first and more important point actually is to avoid panicking.

And actually whatever the market, for me the situation is quite simple:

1- Fix the amount you want to invest. It shouldn't be too important as to avoid panickcing, you must be ready to lose it, and consider it lost once you have turned this amount into crypto.

2- Try to buy at low and price and decide at which level of profit you will be done. If you buy at 10k, you may consider that 15k is a good profit. Or you may want to hold until it is 20k. This is up to you!

3- Hold until your price level has been reached. This way, you ensure your profit.

Though, with this behaviour, of course you won't make any short-term profit. But you will also take less risks.

Hi,

I guess that once the limit is reached, miners will be paid differently.

For the moment, they have a chance to get a part of what has been mined... Well, they could get a part of what has been exchanged.

Anyway (and this is already true), in most Western countries today no individual mines, because the price of electricity is too high compared with what can be earned. So I guess that we don't have to worry for the large mining compagnies!

Hi,

The price is given by market trends. It can never be fixed.

And in the same idea, I cannot imagine a situation in which nobody wants to exchange bitcoin. As long as there is one exchange, then the circulating supply is not zero. If bitcoin dies, then I guess there won't be any exchange and the price will be zero...

But otherwise... I think that, just like traditionnal currencies, prices are not fixed. They have standard values (that can vary highly from one year to another) but you can never be sure of the price you will pay!

Hi,

I think that bitcoin will always rely on the fact that "it was the first ever created". This is quite an important characteristic, don't you think?

Then, I think that we are all waiting for the first crypto that will be available to use in our daily lifes. This is the next technical revolution we need. And I don't have the slightest idea if it will be btc or another alt coin!

Hi,

Most people are crazy about bitcoin because of the stories that are shared. The million dollar sandwich, the little investment that has turn to billion worth.. That's great and this is why so many newbiesin the community are asking "how to become wealthy with bitcoin?". They came for the fame, and the fast money.

And a crazy rise such as the one last December demultiplicate such trend, of course!

Then, there is also a large part of the community believing in bitcoin as the future of currency. As a sign society could be different. This is what makes me stick to bitcoin. And I think this is the really interesting part!

Hi,

There are many reasons that can explain the decrease.

One of them is that the rise was so huge in last december that now people have chosen, at least for a while, to be more careful.
Another reason is that a large part of the community is still waiting for the price to be lower before buying. Just because buying low ensure potentially higher profits!

So this is all quite logical. Wait and see! 

Hi,

What I know is that there are many alt coins. The choice is not merely between bitcoin and others. Because if you chose to drop bitcoin for something else... Well, only part of the decision has been made. Once you know you want to invest in alt coins, you still need to figure out which one(s) is(are) the most interesting for you.

It is actually impossible to give yu any accurate advice as long as you don't state what you want to do with your crypto. There are so many alt coins, with so many different purposes!

Hi,

I think that you will be homeless. Without any doubt.

I don't know when exactly you joined the community, but I guess you have seen that prices are erratic. You should be aware, by now, that any accurate forecast is impossible.
So why would you sell your house exactly?

If you are just trolling... Well, I don't see the point. Except laughing at people who will advise you sincerely.

If this is not a joke... Please, talk about your plan to anyone that can be concerned by such decision amongst your relatives.

You cannot just sell a house for potential profits. That's crazy.