Hi there arthur25! That seems theoretically possible but cannot actually happen. I am a bitcoin believer since then, but as you can see even dollar is popular hundred years ago, still it did not able to dominate the whole world. There are still currency that stand out for each and every country and the dollar just become the second. When in terms of bitcoin, that scenario could also happen. Bitcoin will be popular but it can't rule the whole world.

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Hi ther junoon! I am with you in the thinking of bitcoin to reach at 100k mark. However, I think seven months is not enough to gather that traction. I am not opposing for the sky rocketed price but I think that can't be achieved in this year. I have read an article lately that says if the bitcoin is a bubble, this year is just like 1994 in the dot com bubble. That leaves us less than six years before it burst. Rather than selling it based on the price, i will rather sell based on the year.

Hi there jonas5222000! There are several reasons why most of the country did not accept bitcoin as a legal form of currency. One of which is the protection of the government to their people. We all know that there are lot of illegal activities sprouted as bitcoin goes mainstream. By not recognizing bitcoin it add an extra layer of protection to the government to secure the financial aspect of institutions and people.

Hi there thirdprize! As far as I have explore bitcion and different company, I never had chance to encounter something like that.
Maybe there are company that could develop that kind of transaction, and it become successful there are more people will look after it.

Hi there popping! Every time you buy bitcoin and the best time is when you can afford to lose the money that you spend to buy or invest in bitcoin. Bitcoin’s amount is fluctuating too much so if you can’t afford to lose that money you spend it's not the best time to buy bitcoin. But this time is the perfect timing to purchase bitcoin because the value of bitcoin is in the decreasing season so if you brought bitcoin now and hold it for a long time or sell it into your effective cost.

It depends on the situation if you feel that you lose too much money by buying and selling bitcoin or your capital gains are now going negative and better sell your bitcoin so make the collateral damage less.  But if you buy your bitcoin at a low value and think that bitcoin’s rate will not increase just keep holding your bitcoin, maybe in the next season or next quarter bitcoin’s cost increase for some reasons. 

Yes, I think that bitcoin is very controversial. Bitcoin is very contentious that many people become curious of if and most them think that is that bitcoin is an illegal currency that uses by criminals, but some of the people embrace the new technology. They explore and try it, and after a year some people become wealthy, and bitcoin become more popular.

Hi there popping! Those people that are selling their bitcoin could be two things. One, they probably sell their bitcoins in order to buy more bitcoins because the price is going down. This will give them opportunity to sell it fast and to buy in an instant for a much lower price, thus a clear revenue. Another type of people who sell and just want to quit bitcoin could be only thinking of is money. They didn;t use the technology and didn't believe in it thus a tendency to sell out their possession to reduce the damages or losses.

Hi there NebA! The question is why you shouldn't buy bitcoin? Currently the price is so low, that is almost like a bargain to others. At the time if this posting the price of bitcoin is just way below $7k and that is absolutely very low. Compare to the the all time low of 6k few months earlier, the price below 7k is what most people wait for. It will bring a new hope to them to gain bitcoin and be ready to the next quarter of high price. However, if some are waiting, there are some that are in the state of panic due to the sudden dip. But that could be a good thing to those who are willing to buy.  

Hi there theyoungmillionaire! That is a very comprehensive post you got there. You should have get some reward for that. I just don't know how the fmerit or coins could be send, even though I think this is just a fools joke. Anyway, that is a very good news to all of bitcoin holder and even to those alt holders. The newegg support to bitcoin is a huge leap to online purchasing. I think due to that strategy, there could be a spike of revenue. I just do hope that other company follow the steps done by these good and very supportive companies.

Hi there countryfree! Sorry but based on my understanding of the phrases "ads for the following will no longer be allowed .... Cryptocurrencies and related content" means that they banned bitcoin and alt coins advertising. Do I missing something or I misunderstood? On the other hand, it seems that you are correct. Youtube which own by google continue to advertise cryptocurrency related advertisement. I have even see the Dash, and two mining company that plays their ad in between a youtube vid.

Hi there melvster! Gambling is the process when some one just use luck or chances to earn cash after betting using a certain amount of cash. It is totally different from bitcoin, where bitcoin is a form of currency just like the cash you are using during gambling. Thus, bitcoin can be use to bet in gambling. Investing in bitcoin on the other hand doesn't mean it is a form of gambling, if that is how you perceived it. Does it mean that investor who buy stock at Spotify or Snapchat are all gamblers because there could be no certainty that their investment will generate a revenue?.

Hi there mi56374100! Have you notice that most of the bank warns people about bitcoins, there are investors that warns about bitcoin too... I am just wondering, do they intentionally do that to protect their own company, if so then it means the bitcoin is a great treat to their business. Just imagine why will they turn down a technological advancement if it could be beneficial to them. That means bitcoin have a greater future and they are preventing it as soon as possible. A man will not hurt a child if it doesn't have a direct treat, but a man could punch another man if he knew it is a treat to his life.

Hi there warunacrypto! There is no way to hack this super e-money you are calling.  The bitcoin is run thru a decentralized network of computer which run the bitcoin core. Each one have each ledger and any alteration of the ledger needs approval by other core holder. There is a note that 51% of the network must agree for the necessary changes to enable to control the network. But due to thousand of users no one could absolutely can do that even those hackers is using a bootnet. What could be hacked is the bitcoin wallet or trading platform.

Hi there arondaly! What i like most in bitcoin is the cost saving it brings. But of course aside from it, the benefit of gaining extra revenue by just mere holding a bitcoins. In terms of cut cost savings. Bitcoin saves me a lot of fee, i usually send and received money across the globe, and using the traditional money transfer cost me a lot. But when i discover bitcoin, i tried to transfer those bitcoin across the globe and to the luck it even not cost me a dime. That i realize the best benefit of bitcoin to financial system.

Hi there MuhNofa! I think you have heard or read news that people are getting scammed due to the investment they have done which ended in bankruptcy.   But if you are referring dangerous as in a tragedy which  involves life and death issue. I have read a news in an asian country I cant remember if it is thailand. What happened is a man has been get drunk by the suspect and pointed a knife to extort his bitcoins that is in his mobile phone app. Luckily the victim is not killed and exited with minimal damage. But the bitcoins is transferred to the criminal wallet. The good thing is that, the victim reported it to the police and the criminals were been caught and the bitcoin is returned.  

Hi there eduvacation.net!  Those are good tips for those people just like me who sometimes got panic when the bitcoin price is falling fast. I have tried to do some of the listed tips but sometime they give me more urge to sell or buy. Example is the groups, when most of the people in the groups is saying to sell, i am pushed to sell in thinking that is the good thing. Because there are many people that are selling I just go with the flow. But later I have notice that when most of the people are selling, it is the right time to buy because most of them want to sell as fast as they can. I think what could I contribute is just stay with your plan. If you plan for a long term, stick to it and don't go with the decision of others.

Hi there Mark2305! At the moment of this posting, the price is way below 7k which is almost near to the lowest price since this year. I frequently tell others to must as many as you can in any time of the day especially these days. But right now, I could suggest that just wait for the price hit 6k and it is the time of buying. That is most traders will do, they have been set their price near the 6k mark just what happen in the previous weeks. What will happened next is a surge of price pump again at 8k and if you just want it in a short term. that is the time you could sell if off.