I was able to see this episode, I think Bitcoins price  back then was already at around $3000, when they aired this episode. This is actually one way to promote Bitcoin. There is no FUD created on this episode. As far as I remember they are just in a comic book shop and the comic book shop owner needs money. then the guys remembered that they mined Bitcoin when it started.  I will stop there to avoid spoilers.

Anyway you will see that Bitcoin is getting popular as it was also mentioned on a TV series Z-nation. There is one episode where a city uses Bitcoin as their currency.

 

It helps me financially, giving me an extra income online.
It also gave me an option to trade that is not controlled by banks and big financial institutions.

It also help me send money to my relatives outside my state.

It has been a while that i heard something wonderful in the news, for me it does not matter if the news is a price catalyst or  not. Positive news for the community right now is important specially as the price of bitcoin  is bouncing from $10k - $11k for some days now. 

I agree, at this stage we are in right now on cryptocurrency, banks are still very important because they play a huge role on a countries economy. Imagine how much loaned money each country has on the world bank. In the future maybe they will have a smaller role in the economy but  this bankers are smart and i am pretty sure they will use the blockchain technology sooner or later.

Bitcoin is being taken first because it is the king of crypto currency. It is the first of its kind.

Also it has something to do with price. Many experts still believe that Bitcoin price will reach $100,000 and others even to a million dollars and some people are hoping that this will happen in the next few years.

This is the beginning of the regulation in crypto. As the article said the japanese government has approved the regulation meaning that some maybe tweak by their government. I know japan is a very crypto currency country but what if other countries will follow.

Also, Yes it is self regulated by exchanges and they will invite more exchanges in the future.  When all big exchanges are in one group and self regulation are in place, is it easier to manipulaye the prices so it will favor them?

I am playing online casino for some time now. I think they are helping each other. There are a lot of reputable and trusted online casino that accepts bitcoin. It helps the casino because some of the gamblers don't want to go trough some registration. Just put up your btc add and send a bitcoin.
It gives casino users easier access to play games.

Casino are helping bitcoin, because players will most likely use bitcoin and people will buy bitcoin to play with.

Lets pretend  this will happen i think there will be panic on all market leaving all altcoins vunerable to crashing, mass media and social media will definetly broadcast this, creating more panic.

But to be honest i  can see that some coins will not go to zero. Some altcoins has supporters as well. I think ethereum will be one of the coin that will survive.

A decentralized bitcoin will never happen. I think this is one of the possible reason why the creator of bitcoin Satoshi did not and will not reveal himself, because of government will ask him to tweak the technology.
Since it can never be done government will do some regulation.

Also i have heard a news that SEC of the US subpoena 80 crypto currency companies.

https://www.ccn.com/sec-subpoenas-80-cryptocurrency-firms-including-techcrunch-fund/

Here is the reality.

Gold has been around for centuries and there is no chance that gold will crash. There is a 100% chance that the price will go up in years.

Bitcoin is fairly a  new technology and is still considered by many as a speculation investment. We all know how volatile this market is and price crash and bull run always happen.

As a crypto user of course i am still optimistic about bitcoin but i do understand the risk of it.

Not all people are willing to take risks and will still go invest in gold and other precious metals.

We crpto users are still the minority. More People are invested and will still invest on gold.

I have been looking closely at Ethereum chart and my speculation is  $800 support level will hold and the $1000 resistance level will still not be broken. It will just hover around this price range. Probably after the third retest on that resistance we will break it and we will hit the wall at the $1300 area.

If more people will use cryptocurrency, governments will have no choice but to accept it but it will also have consequnces i think there will be some type of regulation. I also think that ICO will be stricter in the future which is good for me, scam ICO and shitcoins will be lessen.

Probably some altcoins will also die, only the best coins will survive.

I am from the Philippines but i have never heard of this news and never know that it was possible. Lucky for us filipnos that we have easier access to bitcoin and recently ethereum as coins.ph added it yesterday.

For kingkats0803 actually philippine government recognize bitcoin as a currency. It was all over the news a few months ago.

Disclaimer: This is all speculation, I am not an Indian or a citizen of India.

I think their government recognize the potential money they can make with Bitcoin and cryptocurrency as  we all know their country is one of the biggest country who have invested in the crypto market. They are threatening its citizens until people will agree on regulation and therefore they can tax the users. Investors will have no choice but to comply.

To be honest the good effects are obviously not guaranteed
As you mentioned you can make money easily -  if you win but most likely the house will win because they always does
Gives so much pleasure -  if you are winning
Meeting new friends - probably yes but if he is losing and asking you to loan him/her some money will you loan your new found friend as you know he/she will gamble it.
Can increase your asset same as the first one

Bad effects
Big loss - most likely
Loss job - if you are already addicted this is very possible
Depression/Stressed - Losing is a big part of this
Broken Family/ failed relationship - go hand in hand with Depression and stressed
Insufficient funds - same as number 1

Lesson here is do not be addicted to gambling. Gamble only what you can afford to lose and play just for fun.

Same here many self proclaimed crypto currency experts are predicting that we will get a new all time high of around $50k-$60k this year. Of course this is possible as last year i have never expected we will even reach $10k  and most people are saying $10k is too optimistic, well we know what happened.
I think $100k will unlikely happen but there is still a small possibilit. If we reach $50k i think there will also great consequence after that new ATH, There will be a big correction as well.

Pros and cons in any market are always the same.

There is the potential to make huge profits, of course it will depend on your trading skills. Cons is also having to risk your capital that may end up of substantial losses. Also Being a short term trader is time consuming and very stressful. You need to be fast in spotting trading opportunities.

If you think Forex is unpredictable you will be surprised with Crypto because it is more unpredictable. Forex is volatile but you will also surprise on how much volatile Crypto is. If you are unable to profit in FOREX then there is a big chance that you will also not profit in Crypto. I guess you need to change your strategy. Instead of day trading you should look on buy and hold strategy.

Forex and Crypto in essence is the same Forex are dealing with Digital currency and Crypto are trading with Crytpo currency but logic is the same.

Also another question is how long is the long term investment, assuming it will be years. If you are planning to do cost averaging yes it will be useful so that you will know when to buy, getting the cheapest price on that  period is essential to maximize the profit. If you are planning to buy one time and hold it for a long time like  ldah94 mentioned fundamental analysis really matters because technical analysis will just give you when will be the best time to buy.

Logically people who trades a lot will sell all their altcoins to purchase more bitcoin this is one of the reason why altcoins are not rising or sometimes falling when Bitcoin price is rising.

For the question why Bitcoin price rise faster than Altcoins, if you are a trader and market is unstable will you bet on an unproven coin. Me personally no I would rather buy a stable coin like Bitcoin or Ethereum before purchasing altcoins and I think traders actually are doing the same.

As a trader we have a saying that the trend is your friend and we will follow the bitcoin trend first before anything else.