Just trust the process. Bitcoin value is so volatile that it might be hard to control yourself, but do keep in mind that it has always corrected and that it has survived this far and soared this high.

That's not to say don't check at all though. It would still be wise to check a few times every now and then. Just try not to obsess over it. You're in it for the long term, so today's dip likely won't matter to you a year or two from now.

I don't think it can be wiped out completely. It can be crippled severely though. We've seen what happened with China. It's decentralized and it's anonymous, but countries can still have an adverse effect by targetting exchanges. Can you imagine how much Bitcoin value will plummet if Japan and US starts going after exchanges? I'm not saying it will happen, and it likely never will, since both countries seem to be completely open to cryptocurrencies. Still, it's something to think about.

This is pretty damn exciting. I am still not sure how the API would work, and the Coindesk article only gave vague details, but this has serious potential to spread awareness on Bitcoins and cryptocurrencies in general.

One thing to note, though, is that we are still going to need developers to make use of the API. It looks like we will be able to take advantage of it using add-ons, which is a security risk. Still, we're getting there!

Satoshi, the founder of Bitcoins is believed to have accumulated around 1 million Bitcoins. He disappeared from the scene a couple of years ago, and his Bitcoins are assumed to have disappeared with him.

This is all speculation though. It should also be kept in mind that there are plenty of cases of people losing their Bitcoins forever. Once the last Bitcoin is mined, we'd probably have markedly less than 21m. It's divisible into multiple decimal places though, so it should not pose too much of a problem.

I don't think that assessment is completely fair. No company can thoroughly review each and every application they get. Some will inevitably fall into the cracks. If they keep on publishing phishing sites, people would be averse to clicking on their ads. Report it and it should be gone pretty soon. The problem is that more will inevitably pop up, and some of those, again, will fall into the cracks.

Still, anytime you're dealing with anything online, especially money, it won't hurt to double check or triple check the web address you're on. Phishing is especially prevalent when it comes to Bitcoin sites, so everyone should be extra vigilant.

They're both peer to peer, and they're both decentralized. Being decentralized means government entities can't just crack down on one computer to shut the entire operation down. Governments trying to shut down torrent sites is kind of similar to China shutting down exchanges.

Torrents per se are not illegal, but piracy is. There are plenty of legitimate uses for torrents and many companies make their releases available for torrent download. It's pretty much exactly like how Bitcoin is being used for money laundering and ransomware.

Besides the obvious answers of anonymity, decentralization, and ease of use, it's nearly perfect by Aristotle's standards. According to Aristotle, the following basic characteristics should be possessed by good money:

- Durability - Bitcoin is data, and technically cannot be destroyed, unless something wipes out all computers in the world

- Portability - You can theoretically carry 21 million Bitcoins in your pocket anytime and anywhere

- Divisibility - You can divide it into Satoshis, mBtcs, or really any way you want to.

- Intrinsic Value - This is where it gets shaky. Bitcoin, without demand is technically worthless. So is paper money though.

It's interesting how this is still relevant 2000 years after. We can clearly see how Bitcoin is better than or at least on par with fiat though.

Let us not overreact here. This simply means creditors and the like are not obliged to accept cryptocurrencies as a mode of payment, as was stated in the article. They do think it's a huge risk, and that is true to some degree, but it does not say anything about their government taking a hard stance against cryptos like China's government did. I'm happy enough that they acknowledged Bitcoin use with no current plan to regulate it. For what it's worth, Bitcoin isn't considered legal tender anywhere, and it may never be.

I think that's pretty far fetched. Bitcoins are divisible into multiple decimal points, so the price of 1 Bitcoin doesn't matter as far as its future as a currency goes. Heck, Electrum uses mBtc by default.

If you were to manipulate it, it would make much more sense to stifle its growth in the short term to be able to take advantage of its meteoric rise. Heck, that's what big players are doing right now.

I have never seen a Bitcoin atm in my entire life. I'd be ecstatic if I see one, but all I ever do is hold, so I would not use it anyway. It would be very convenient if I had a massive amount though.

That being said, most people I know also usually just hold, so I don't think it would attract enough customers to justify the cost. It might depend on the country though. There might be stats floating around on the internet somewhere.

It's just another day to be honest. We dipped to 3k so you shouldn't even be worried. The situation with China is pretty serious and is leaving plenty of people anxious. It does not help that there are lots and lots of rumors flying around.

Just sit tight and wait. It might take a while for us to recover, but we will get there just as we always have. The issue with China will blow over sooner or later.

As far as the near future goes, Bitcoin's future in China seems uncertain. There has been talk about regulating the exchanges, and I believe its future depends very heavily on that. We know that China is one to take drastic steps as far as technology and the internet goes, with the Great Firewall of China and all, but they have been very nurturing to businesses in recent years. I don't know how they usually handle tech companies, but I guess we will see soon enough.

At the end of the day, lenient regulations on these exchanges should help flourish the growth of Bitcoin in their country again, while debilitating regulations is almost certain to stifle it. Either way, Bitcoin will still live. Large amounts of money are involved, so there will always be someone slipping through the cracks. It's just a matter of rate of growth in my opinion.

Oh wow. Can't argue with that lmao.

But yeah, everything is a bubble if you reach hard enough. I'm also tired of seeing these FUD news, but there's really no way to stop or convince them. News outlets in particular are selling clicks, so we can fully expect them to bubble everything up everytime there is a dip. Large players have plenty to gain by manipulating prices at the expense of Bitcoin's (short term) image.

We know Bitcoin is not a bubble and I'm sticking with that. It's fun reading up on bubble arguments sometimes though.

Not at all close before the China exchange ban, and even further after that. To be fair, though, China's actions kind of acknowledge Bitcoin's growth, in a way. It is making waves so to speak. We currently have a problem of a few groups/individuals holding a large percentage of coins such that a little cause of panic can cause these players to move, and the market along with them. We also have people like Dimon who tries to manipulate the market for enormous gains. A larger population base holding coins should alleviate these problems somewhat, making Bitcoin value more stable, and then we can go from there. I believe volatility is really the only big hurdle for Bitcoin to become mainstream.

I normally would not swallow anyone's word when it comes to Bitcoins because everybody has something to gain one way or another. In this instance though, I think Charlie Lee is right. We've seen it happen with Dimon. The news articles harping on the bursting of Bitcoin's bubble have always been rampant, but they do seem at least a little more noisy the past few days.

Either way, I do believe we will get back on track to $5k, but with things looking like this, it might take more than just a few months. $3k as a low is still pretty damn high so I would not sound the alarm just yet. Brighter days are ahead of us.

That seems like a reach. If the US wanted Bitcoin to crash, it could have regulated exchanges itself and it probably would have had more of an impact. If China truly wanted to please the US, they'd take a harder stance against North Korea publicly, which is what Trump has been saying explicitly for a while now.

The ICO ban, as far as China goes, is self serving. They deemed it necessary to keep their bleeding, bloated economy afloat. It just sucks that we're kind of a casualty.

This is kind of a gray area. It's true that his statements affected Bitcoin value somewhat, the extent of which we don't know, but it seems to me like he was just stating his own opinions about the subject. He said what he did during the slide, so we don't really know exactly how much his statement affected Bitcoin's value.

It does seem like market manipulation because they benefited from it. Bitcoin, in the bigger picture, is still in its infancy and it plays by its own rules, so we can't really apply orthodox standards to its use, so yeah.

I don't know, man. That sounds good on paper but could very well be a disaster in reality. It's hard to blame people for losing trust in their governments, but they're vital to modern society. It's easy to say 'Hey, it'll be fine, we all have money and we can coexist with few problems so we don't need a ruling body', but you have to consider that you're dealing with different people with different sets of values and ideologies.

You also have to factor in the use Bitcoins to the equation, which as we know, is easily used for crime. Will you be able to trust your neighbors knowing full well they can do whatever they want and get away with it? The rise of conflict won't be a question of 'if', but rather of 'when'. It will be complete and utter anarchy.

Oh yeah, I think I read about this news somewhere. It's true that these exchanges have always had targets on their backs because how much there is to gain on attacking them, but I think this is at least a slight cause of concern. Small hacker groups are one thing, state funded cyber terrorism groups are another. We can all joke that North Korea is piss poor and couldn't even feed its citizens properly, but we know they're taking warfare, both military and cyber, seriously. I'm not saying that North Korea will cause cyberspace doom or anything, but maybe we should start taking extra precautions.

That can be summed up in one word: sensationalism. What they're saying isn't necessarily incorrect, because most pieces on Bitcoins are speculative in nature. They can't sell boring stuff though, so they have to exaggerate a tiny (a lot lol) bit.

Bitcoins are hard for entities such as China because it was designed to be anonymous and decentralized. These same entities, however, can still manipulate Bitcoin to an extent because of its dependence in public perception. Bitcoin value is entirely up to the users and their demand, so negative press can send it crashing. No system is perfect, I guess.