Hi,

I guess that the issue here goes far beyond bitcoin. The problem is that we are wasting natural resources. Electricity is a good example. We are using highly dangerous materials, enhancing each day the level of pollution... and no one really cares. Companies, because they make profit, people because they have comfort and governments because they keep power.

The fact that bitcoin uses a lot of electricity would not be such an issue if we though about alternative ways to produce and store power. The sun is a great source of power but for the moment we don't know how to use it efficiently. And sadly enough, research on the matter are not making so much progress... because thy don't get financial support. Companies making profit are oil companies, not green ones! 

Hi,

As long as the volatility is so high, it is indeed difficult to integrate bitcoin as a payment option. One the one hand because it may cause problems to customers and on the other hand (and I guess this is the real reason why no company wants to be paid in bitcoin), the firm allowing such a payment option may face high challenges due to the many and erratic ups and downs..

Actually, I think these companies were not ready anyway to deal with bictoin on a daily basis. They made statements about it, hoping to use the announcement effect as a free ad, but they currently couldn't handle it.

For the moment, bitcoin is... well not a daily currency. This doesn't mean, it has no potential!

Hi,

I would say that.. prices are doomed to be higher and higher. There is a limited number of bitcoin to be created, so the price cannot be stable as long as this number has not been reached (I think).

I would say that a high price would be good... because it would drive back the interest of everyone! Remember when the growth was of 10% everyweek there was a tremendeous snowball effect! And that's what I woud be looking forward to!!!

Hi,

I think that the answer here is quite ambivalent.

On one side, wealth has already been distributed. So people who already have a lot of money can invest more on bitcoin, take more risk (because even if they lose everything they have invested, they will still have enough for their living) and thus.. mak potentially higher profits and become even richer!

BUT, on the other hand, bitcoin has been designed as a currency that allow people to control themselves and prevent malevolent transactions. Transparency and blockchain are they key concepts here. Will that be enough? I don't know, but what I know is that currently some of the wealthiest people in the world don't really have a job. They just receive money because they are shareholders of large firms... and dividens get higher and higher even if their initial investment has long been repaid!

So maybe... bitcoin can help. A bit!

Hi,

This is a tricky question. If you have enough money to invest in every currency that is created, yes, you may have a chance to be a millionaire. But there are plenty of currencies that are created and it is really hard to forecast which one(s) is going to multiply its value.

So... well we have missed trains but I don't see any strategy granting success here. If you invest a bit in everything... Well the money you may make out of one currency will only cover for the loss of all the others..

Hi,

What you are talking about here is the volatility of prices. This is one of the strongest argument against bitcoin because, indeed, it is hard to imagine that we may be abe to use it as daily currency when prices can be doubles or halved within a year.

With our current system, this would just be a complete mess.

Indeed, some people that have invested in the early development of bitcoin could be really rich today if they had kept it. But it was impossible then to imagine something like that.

What I personnally think is that bitcoin will be suitable as daily currency once it is no longer possible to create bitcoin. At that moment, the price will be fixed. Because people are currently betting on bitcoin because they know the value can become completely crazy. Once this process is over, the price get more stable. I guess!

WHY WOULD YOU SELL???

Sorry for screaming but seriously, I don't understand such questions.

If he bought at 20k, then he has to wait until the price gets higher. There is no wonder here!

If you invest in bitcoin just to make some profit (which is not the aim of bitcoin, just saying), then you hold until your profit is ensured. Once the price s higher, I understand that you may wonder "do I wait or do I sell know" but until that point, there is no question.

Just consider the situation:
- if you sell now, you are 100% sure you have losing money
- if you wait, there is a chance you never get your money back, at all (let's say if bitcoin suddenly dies) but also a chance (with higher probability) that if you wait enough, you will make profit

So it is quite simple, right? And if your friend cannot afford to wait quite long (1, 2 years maybe), then he shouldn't have invested first. Only invest what you can afford to lose and behave with your bitcoin as if it was unexisting money!

Hi,

I think that governments are willing to ban all cryptos. First, because they may not be aware of the differences and second but most importantly because all cryptos represent a new system, allowing people to get rid of control authority. They don't want to see this happen, they want to remain powerful and able to manipulate currency as they wish.

This would no longer be possible if we were all using bitcoin (or other crytpo) for daily matters. EVerything must be approved and existing transactions can be tracked. So of course, governments are going to implement regulation against cryptos. All of them, without any distinction.

Hi,

I think that one people making one statement won't affect the market. I think that factors influencing bitcoin are far more complex and deep than reading something.

I understand why you share this, you want the price to rise. And I think it will actually. But I don't know if it will really reach 50k and I am convinced nobody knows.

Bitcoin has one big ennemy: its volatility. Nobody is able to foresee its trend.

Hi,

That's quite logical. Banks don't want to be overrun by a system allowing customers to get rid of them. They don't want customers to realize they are completely useless...

The reason they give (people may have debts) is completely wrong. They still grant loan and let people make contracts with credit establishment, at crazy rates. They don't care if their customers are dry, they just want to ensure they will keep their profit and power.

So the news is not surprising. 

Hi,

Surely not!

There are many countries that are dealing with bitcoin currently, either accepting it or trying to make its use illegal.
I think that for most governments, bitcoin is not a good thing, at all. But some are obliged to "accept" its influence as it has a very large community of users.

Still, in most countries, the situation of bitcoin is a strange in-between: not illegal for the moment, because regulation has not been written yet, but not so legal either.

So, bitcoin being fully adopted by the end of 2018? I don't think so!

Hi,

It is also part of the "game". Of course, there are people panicking, so selling when they shouldn't.
But it is not that important. People who really believe in bitcoin, stick to the community.

So no worries.

Hi,

Indeed, bitcoin can be used to make donations... But I have a few questions in mind...

1- Why giving to church? Why do you chose this, instead of any other charity? Helping the poor, feeding homeless, saving nature? These are just a few example, there are lots of charities, I just wonder why you chose one that is already quite powerful..

2- Why do you want to be anonymous? I understand when you use bitcoin (thus are anonymous) when dealing with businesses and more or less legal transactions, but for a donation?

Hi,

It.. is impossible, I think, to only use bitcoin. At least for the moment, because to be able to use bitcoin, you must have access to a computer and Internet. And this is far from being easy for everyone, even in the wealthy countries.

But indeed, the aim of bitcoin is to allow people to use a currency that cannot be controlled by any entity because it is possessed by many people and that the whole community has access to all transactions and can check everything.

As the use and power of bitcoin grows, we will see changes in our society!

Hi,

You are right, it should not be this way. If you think in terms of offer and demand, the rise of bitcoin should trigger of the decrease of other cryptos.

What I think is that most people change bitcoin for fiat currencies. So most exchanges actually happen between 1 crypto and 1 fiat currency. Therefore, the law of offer and demand does not apply.

Hi,

That's interesting. And also quite worrying I think.

If BANKS are giving tools to invest in crypto... Well either they don't have understood that crypto (and blockchain) should lead to the death of traditionnal banking, or they have largely invested in crypt and know that the end of banks won't happen.

I don't like seeing such kind of news, I feel it completely goes against the core principle of bitcoin... 

Hi,

The reason why is that they can make money out of it. It is a great opportunity for people who know how to do it. So why would they hesitate?

I understand hackers... and of course, I understand those who have lost bitcoin due to hijacks.. But that's all part of the game!

Hi,

It is actually difficult to explain the difference simply... Bitcoin cash has been created after a fork, so for some it is the only "true" version of bitcoin. Mainly because they had invested before the fork and thus got some for almost free.

Bith are cryptos, both can be used for disruptive investment and both should be rather thought as long-term assets. For me, that's the most important!

Hi,

Maybe one good solution is to try to adopt their point of view.

"Ok, let's say that bitcoin is a Ponzi. I have invested money in it, so I will certainly lose money. But there are some actual opportunities.."

Maybe this can help them to understand your point of view...

Hi,

First, let's define what is a smart contract. It has nt-othing in common with a contract, in fact it is a software allowing the automation of some tasks. For example, people who are insured against delays for their flights can be automatically paid when tey are late, without having to file in any statement. This means that such technology allows both the provider and users to avoid losng times in checking procedures. Everything is done by the software, based on reliable sources of information.

So this technology is really interesting. The example given was quite basic but it can go much further.

For the moment indeed smart contract are designed using ethereum. But it is not impossible to make it through bitcoin. So it may not exist for the moment, but it can be designed.