Blockchain will challenge the status quo when it comes to identity procedures, that much you can bet on. I say why not? I feel like the better question to ask is when will this happen in our lifetimes? And the other query is will that system be censored or not because that would be scary to know your identity could be deleted at a moment's notice.

Yup keeping any funds on an exchange is risky if you are not trading it right away. Recently another smaller exchange called BitGrail had to close due to the XRB (Nano) hack that occurred. A good reminder to always protect ourselves in case any exchanges goes insolvent.

Anything is possible but I wouldn't get your hopes up if it doesn't happen. Coins or tokens could go through a smaller bull run too one that doesn't surpass 850 Billion ATH.

I believe that yes one day most if not all banks will offer this service and this is because I believe one of them will offer the service. At first it may look gimmicky or as a novelty but after a while banks will realize we acquire more customers this way, why not do it? As long as it is profitable for them to do (with fractional reserve lending it always is) they will do it.

Well if you listen to John McAfee then by June's end we should be above 15k. I am not the optimistic although I think we will have a successful month and I myself have a target of above 10k by month's end.

Is it really experiencing a slump? For me ever since February which is over 4 months now it has been the same experience. Go up a little come back down and rinse and repeat.

It is not only possible but a couple of months ago there was an article written about cryptos in regards to our Muslim friends. Read more: https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-islamic-law-muslims-cryptocurrency-market-permissible-sharia-news-price-surge-a8302761.html

Well first of all it well never scale and Andreas can atest to that in this video: https://www.youtube.com/watch?v=pT9kJq_Ogrk. Even if scaling is a moving target and never makes it there, the current speed of which we have transactions is okay. Sure not many people can use the network, but the infrastructure exists and if it stays this current way I don't see a reason why Bitcoin wouldn't have value. It may not have value of 7k but it could easily have value between $500-7000.

It can obviously change in the long term the biggest thing it boils down to is what price Bitcoin ends up near, and how much people are willing to spend it then. If we end up north of 6 figures I think you can safely assume it will become used currency worldwide and even legal tender in some places. That being said, I am not optimistic about Bitcoin becoming used currency until 2020 but after 2020 I would be extremely confident the network will be available worldwide at a moment's notice and that is when you will see the true power behind the Bitcoin network.

That's absolutely disgusting, average inflation is usually only 2-3%. And even then if you adjust it properly real inflation might be around 5% but anything above that is egregious. I would opt-out of that country if I were a citizen, but easier said than done of course.

It is only a "scam" because many people don't understand the first thing about Bitcoin. It is hardly a scam once you research it but to be fair the whole industry is ripe with scams. Also people get mixed up failed ICOs with scams or losing money with scams and because they associate those two things with scams, literally everything in crypto is a scam. Lose 30% on your trade with a lower cap coin bam thats a scam. An ICO fails and doesn't execute how it set out bam thats a scam. People need to take a step back and realize ponzi schemes are scams and when people take your money and give you absolutely nothing thats a scam. Everything else is just noise.

Of course it would be good if FIAT and crypto could get along but those worlds are opposed in nature. The reason they are interested in crypto could be varied but it is likely to free themselves from the fiat system as it currently stands.

Bitcoin isn't dead. Bitcoin isn't broken. Bitcoin can't moon all day! After we understand these 3 facts it is clear that Bitcoin is consolidating before making another run up, otherwise it would have dumped past 6k already. Obviously that can still happen, but I believe we are more likely to hit 10k than we are 6k at this point in time.

The singular best piece of advice I can give to you is get well versed in the knowledge of this industry prior to hopping into a bunch of coins. That way you will know what is happening and why it is happening rather than playing a pure guessing game. Sure you could win at guessing in chess or you could master the game and win strategically. Same goes for crypto, don't be the lucky guess fellow, be the strategically inclined fellow.

The only real threat I see on that list is #5. And even then that happening would take beyond 5 years at this point if not 10 to usurp Bitcoin from the top spot. I welcome currencies that can rival Bitcoin but given everything we know about the network and how the security is setup, I simply don't envision that happening.

As many as you feel comfortable with and I would argue the sweet spot # is in between 5-10 cryptos. If you don't feel comfortable owning 5 then own less, but that to me seems like the ideal amount of coins or tokens to hold.

In theory it appears like you lose value but in actuality you gain value. Say you purchase a flat for 1 BTC @ 300k. Now say 1 BTC is worth 200k a little while later. Your house value is not dependent in the BTC but rather what the free market says in the real estate market. Lets say your house didn't lose that much value in one year and was worth 280k now. In this example scenario you would have gained 80k equity despite the fact that it looks like you are losing 100k equity.

You shouldn't look at the price of a coin, but rather what the coin can do in the future. Look for the dev team, roadmap, fundamentals, market sentitment, and the technicals as to an indication of whether this coin will go further or not. Looking at the price is the last thing you want to do because you aren't trying to gain in $ but rather you want to try and gain in BTC

You could profit but don't forget to mention you could instantly lose in this scenario too. That is why this high risk high pressure scenario isn't followed by many, and it isn't because people don't like money. Because these kind of trades are hard to execute and require much studying of blockchains, orderbooks, richlists, and everything in between there aren't many day traders.

Out of all those factors, sadly I believe #4 to have the most effect on the market. Although #1 is the force that drives the market, #4 has more sway than it should and for that reason I believe it has the biggest effect. You see people reacting to fake news even, because people can't be bothered to corroborate a story. Instead they act on a whim, and that is why the market acts irrationally from time to time.