How can we get people to use bitcoin as a real currency and not just a quick way to get cash as a lot of people seem to do? When I say currency, I mean the literal definition of currency as something that is used as a medium of exchange.
Even online, there are only a few stores who are accepting it as payment.

For exchanges, ICOs that collect KYC information, when are they required to send information to the government.

If I remember correctly, in the US if you make a money transaction, such as through Western Union, or bank, $3,000+, within the same day, or smaller amounts during consecutive days, the institution must collect your ID information and Social Security and report it to the government. I forget which entity of the government.

Does that mean that if one participates in an ICO and puts in over $3,000, that gets reported to the government? Or if you move $3,000 out of an exchange, that gets reported?

Participation in ICO or investment at pre-ICO stage is a very risky step. Its just like purchasing a shop on 40th floor and the ground floor of that shopping mall is just start to build.
There are so many ideas/concepts is trying to prevail in the market but is there any formula to separate strong project from scams/weak projects.

Which scale should an investor use to go before investing in a coin? Is it the code, or the system it based, or their community strength, or is it depends on their venture capital that how much big it is?

I've always been watching bitcoin since mid-2013 up to now, and the market/bubble is painfully toxic. I'm not a big investor or economist, and I probably still only have superficial knowledge on how the entire blockchain systems work.

I just patiently watch the graph, and keep telling myself not to invest because everyone tells me it's a giant bubble that will someday pop. Recently, I started to run a few side businesses dealing in Bitcoin as payment methods, but I've never stored it long term and always converted it to cash.

I remember back in 2014 when I first thought of investing in Bitcoin as a long-term investment, and obviously was pressured out of it because everyone kept thinking it was a bubble that was about to burst. I'm starting to think about it again now that Bitcoin is starting to crash - and generally speaking in the past it's done quite well after crashes, recovering and increasing every once in a while.


What do you guys think? Is it worth it to give it a try? This would be my second crypto investment, and I'd be throwing in $5-10,000 at most. Any ideas?

Since I've been under the weather and didn't feel like an hours motorcycle ride back and forth to the bitcoin atm, I tried to buy some online. Big mistake! After a selfie with an explanation of the purchase while holding my ID which was difficult to hold up living alone- although I did manage a clear pictures, then two pictures of my id with my payment card, the purchase was rejected by the exchange and I was told to use another card.

I told them to forget it, and I would like a selfie from the exchange's CEO holding a signed note wherein he promised to destroy all pictures and information I had provide them with.

Who wants to put up with such nonsense? The only reason I deal with the ATM is for online gambling, which our countries cause us to lose more money on since we have to pay extra USD to buy the bitcoin, and then lose a couple of points when it is deposited.

If it was easily available within 1% of spot, it might find adoption- like if you could buy it the way you buy anything else online, simply type in your cc number and four digits on the back. Btc is supposed to be anonymous and easy but it is neither.

I've always been watching bitcoin since mid-2013 up to now, and the market/bubble is painfully toxic. I'm not a big investor or economist, and I probably still only have superficial knowledge on how the entire blockchain systems work.

I just patiently watch the graph, and keep telling myself not to invest because everyone tells me it's a giant bubble that will someday pop. Recently, I started to run a few side businesses dealing in Bitcoin as payment methods, but I've never stored it long term and always converted it to cash.

I remember back in 2014 when I first thought of investing in Bitcoin as a long-term investment, and obviously was pressured out of it because everyone kept thinking it was a bubble that was about to burst. I'm starting to think about it again now that Bitcoin is starting to crash - and generally speaking in the past it's done quite well after crashes, recovering and increasing every once in a while.


What do you guys think? Is it worth it to give it a try? This would be my second crypto investment, and I'd be throwing in $5-10,000 at most. Any ideas?

Pretend that all the fiat money in the world is gone and the whole world is only using Bitcoin.  Ignore scalability issues for this scenario.

I'm sure most of you know that most money is actually created by banks through fractional reserve lending.  Our economy is stimulated by people constantly taking out loans to make purchases.  But with bitcoin you can't loan money that doesn't exist.  Maybe we would have to change our consumerism as a society and prices would drop.  Being able to borrow money easily makes everything rise in price.   What are your thoughts?

It is a bit hard to figure out what will really happen to Bitcoin price.

We could find an answer if someone could stitch these together.

• Gold price when crisis happen
• China's economy is already in a bear market for a long time, will they see a bull?
• World economy just hit an all-time high
• Crypto has not seen a 10yr cycle yet
• Satoshi started Bitcoin to avoid melt-downs

What do you guys think will happen and why?

Because nobody knows when the market will start to rise. But, as I expected, this time not from Sales just stopped and watched the market and appreciate this time with I family on the grounds that in a few months the market will start to rise. So this time there is no compelling reason to offer. I don't know myself and I can't predict the increase. But if the coin that I hold is valid and worth holding, I better hold it or I have to cut my losses.

The only reason why people buy bitcoin, is to make money. I believe in the tech, its the future blah blah blah. Your here to make "sick" gains, most will not have the stomach for it. How many investors bought 100 btc for $100 and sold them at $20,000 each, practically none.

Say bitcoin reaches $1 million and you invested now at $3800. You honestly think you wont sell when it hits $50,000 or any other figure that will improve your life significantly. Nobody knows if, when or how it will happen.

Don't waste your life waiting for a win, you will end up going crazy. Invest yeah sure, check it once a week / month on progress and just let it be man. For all we know, it could be outlawed and crash to $0 tomorrow.

I'd like to know what you guys use as your main resources for learning all things crypto? Not the typical rundown like, r/Bitcoin, BitcoinTalk.org, etc. but an actual source that you go to for the majority of your information?



For example, if you had to say there was one place that you went to find all your most useful information when you were learning, or even now, what would you say that source is? If I were to say to you, I'll pay you $XXXX for your golden goose website/information funnel what would be your primetime, your most valuable source, that you would give and believe is valuable enough? And if it is forms like BitcoinTalk, etc. where specifically, not just "oh I go to BitcoinTalk" what parts of the forms do you frequent the most, and where do you think you find the most valuable information specifically, throughout your learning experience. What specific posts, videos, audios, etc. were critical in your learning experience and provided you with the most value above all else?



Also, what do you enjoy/ find yourself researching or learning about the most? Why?



I asked these questions of you guys not because I'm looking for the information, as I've been involved with crypto for a long while and have a lot of my own resources. I'm just curious what other people have found most valuable. And if you would share it, as I'd like to see if we as a community use a lot of the same resources that are most impactful to us and if I can share these new resources with other beginning users to help them and be more impactful to their learning experience.

now the market value is dull and the price of bitcoin is also low and is at loss ...so iam asking that if i explain now about the bitcoin they may think as a scam...

Does bitcoin have a business plan ? and who is responsible to make it work because for any project there should be a clear plan to accomplish its mission and vision at the end and there are responsible people to make sure things work according to the plan on each stage  until bitcoin reaches its final goal ?

Seeing as the world governments has opened their eyes for crypto,
and now cracking down on ICOs, exchanges, and crypto in general..

I fear that crypto already has been breached, and is controlled and manipulated by the 'banks'.
Since crypto is theoretically unstoppable, instead of fighting against the system, they could simply have obtained a large amount and
can keep the price controlled, and never allowing an outbreak bad enough to damage their system?

with 'banks' I'm referring to the banking industry/very rich people in general, who one way or another
profits from the current economical model, often by being middlemen, or 'earning money from nothing'.

By ruining the reputation of bitcoin/crypto in general, the average person would likely never touch it.
If p2p currency ever was adopted worldwide, it'd be a huge change for the current economical model, which of course, many top players wants to prevent.

What are the things that could happen? What are the alternatives?
Creating a new currency wouldn't work, if we assume that the banksters would be aware of it and therefore they could get a controlling part of it.
So we're 'stuck' with bitcoin, and can only hope that the coins itself are spread enough to not be controllable?

But why ? Because it's the first cryptocurrency created, and the most used in the market ? What makes you believe that Bitcoin will be the eternal king of the market, and something else won't replace it ?

I'm surprised everydays of peoples saying that "btc will be the king forever" without delivering a proper argument.
That's why I created this topic, not because I want to know "who will be the next king" or "BTC will be replaced soon", no, I want to hear a proper opinion on this matter, without some BS such as "it's the king, because it was the first". In that case, why would he's still be the "king" right now, and why would be he be in the future ?

To kickstart crypto 2019 I decided to make a Bitcoin mini documentary: https://youtu.be/WgxD5DmS6z8

Things I talked about:

1. Bitcoin's intrinsic value
2. How it could help underdeveloped countries
3. How it could help developed countries
4. Censorship

Now I wanna ask your opinions on my main point which is:

"Bitcoin's intrinsic value is the amalgamation of the platform, its users, and its development."

Now I know some other more famous crypto influencers have mentioned things like decentralization, cost of production, etc., but I think those things are a means to an end and not the endgoal themselves. Like decentralization is for the purpose of censorship resistance and fraud prevention.

So you I wanna know your opinions guys. Agree or disagree doesn't matter as long as you explain your point. https://youtu.be/WgxD5DmS6z8

Many says that banks would become obsolete if cryptocurrency would take over the world in the future, but i guess not. Here are some of my assumptions on what would be the situation of banks in the future with cryptocurrency.


1. INVESTMENT
Banks will take an advantage to cryptocurrency using it as their main source of investment. They say, if you cant beat them, join them and bank owners  would do everything to fit into new society of financing to find clients on the new generation and still earn from them. Instead of UITFs or mutual funds, they would go for crypto investments.


2. CURRENCY
Or perhaps i would say a dollar account. As far as i know, banks offers a local currency account and a dollar account which can be used for international transactions such as shipment or travel. On the cryptocurrency era, there would be a local currency, dollar , and cryptocurrency account which probably an electronic account. Dollar wouldnt be a big hit that time because crypto can function the same and more effecient to do.


3. LOANS
Who can say that you can only loan fiat on banks? When the time comes, bank can offer crytpocurrency loans which can be used as an investment, business or buying something on cryptocurrency market. Im sure all items can be purchased using crypto that time including cars and real estates. So getting some cryptoloan wouldnt be a problem.


4. SAVINGS
ofcourse, the most wanted of them all. Who.doesnt want any security for their treasured cryptocirrency earnings? Banks which has the main function of keeping your money secured would offer crypto savings which produces interest over time. Preventing scams and hackers that we all afraid of.


As you see, banks would rather adopt than being extinct. Its like those businesses who innovates when society changes. If cryptocurrency overpower the economy, they should go with the flow to survive

Looks like many economies around the world are going to be suffering major downfalls around 2030. The demographic pyramid is completely fucked up in many countries, with locals not having kids because basically millennial cannot afford to live on their own due low wages and high cost of living. In Europe it's all over the place. What grinds my gears is economists saying immigration is the solution and they will pay our retirement funds. This is insanity.

Anyway, do you have a portfolio that makes you comfortable about the future? we are definitely on our own so be sure to have some passive source of income for the future. Hopefully Bitcoin saves our ass and by 2030 we don't have to worry about money anymore.

World is now leading by different entrepreneurs who are continuously innovate new thing for contributing the world for removing poverty and fight against superstition. Entrepreneur find those skill and proficient people who are deprive of opportunity and provide sufficient work through she or he can lead a perfect life.  Now world is like a global village and people can recognize them by their own specialty. Now through this currency a entrepreneur can find actual worker who can do this task according to their expectation. Even they can transfer this  currency after completing actual task from one place to another place. So i think it can be a choice for investment for entrepreneurs.

I often get asked privately if Bitcoin is worth an investment. My answer is a whopping yes….invest your time.
The price fluctuation of Bitcoin is certainly fascinating, but how cryptocurrencies (and blockchain, more on that soon) will affect you, your job, your business, and humans collectively is far more lucrative.
The financial (and in turn, geopolitical) institutions are about to go through what the media (music, books, TV, newspapers, cinema) industry went through since the rise of social media during the past decade.
Your investment in time learning about blockchain uses will far outweigh the investing of your $ € ¥ £ etc..