If bitcoin is a man, he could surely die. But bitcoin is not even a thing, it is intangible, a numbers that is result of several algorithms. So how come it could die? Bitcoin have frequently rose up from a low price, and it continue to do repeatedly due to the traders and the community that support it. It will need to wipe out all the supporters of bitcoin before it even stop or be killed. Imagine the millions of people that are supporting it, they will help each other to heal bitcoin if it is in bad shape. In my opinion, bitcoin will last more than hundred years before anything have been overtaken its feature and capability.

Nope, nope, no... Let me ask you something. Do a single country govern bitcoin? No, right and not even all of them. So bitcoin is unregulated let say about it, but even all of those country ban it, it will still be there alive. Bitcoin will never die, it is already in roots with the digital era. People using it from good purposes or bad will continue to support it. What more those company that invest millions of dollars just to setup their mining farm, their rig or trading firm. They are at the back, solid fundation that will never let bitcoin to die. If it die, those company will sure go down to ashes as well. And by the way, including this forum.

I think you haven't ever heard of the hospital data breach. You could search Hancock Regional Hospital, they been hacked last year and the hackers demanded bitcoin as ransom to the data they have been held. Even though they don't want to negotiate with the criminals, they were been forced to do so due to the great importance of the data. Today their CEO is spreading the news, helping other hospitals so that they will not be the victim of the same incident. That is why the hospital has a phobia of bitcoins.

When we say the economy, it could refer to the level of the country in terms of financial status. Bitcoin open new opportunity to people that long have no work and to those people who are looking for extra income for their family. Thus, there are a lot of people who engaged in the crypto have somewhat contributed to the financial status of the country. However, doesn't always bring fortune, some people have lost fortune due to illegal activities that go along with the crypto like scams or ponzi. But, I do believe that people who engaged in crypto have benefited from it.

What is G20? That term is just new to me, even though I am almost a year reading articles about crypto, this is the first time I encounter that. Are you telling that the G20 make you calm about the frequent price change of bitcoin? I believe people are the one who managed the bitcoin, it is decentralized thus, no central controlled is necessary just to calm down people from sell or buying bitcoins. I personally managed my own bitcoin and never let anyone managed it to ensure security.

Decentralized. A coin that is centralized is just like the fiat, but runs and managed by a private company. Think about ripple, I have ripple in my possession but, the thing is. That xrp is mined, managed and controlled by a single company which I think negates to one of the core value of bitcoin being decentralized. But until now xrp is still in trading platform. There are news about merger, new investors and utilization. But at the end, that coin is not for the people, it is create by business people for business purposes. I still believe that an open source project and decentralized and managed by all the people coin is much more greater.

Do you know that it needs atleast 12 trees to create a 100 percent non recycled newsprint. And that is just to create a paper, what more in creating a fiat? But if people will use digital currency, no one need to haded over those bills and a single scan in a qr code or tap in a terminal will automatically send your payment. There is also no need to recycle or re create new money because digital currency is intangible and indestructible. The only environmental effect that it bring are the carbon oxide produced by the electric company which powered the mobile phone of bitcoin users.

What they could do is to simply request all the the wallet provider to filter out who among their customer are from valenzuela. But the things could be easier than done, because those wallet provider would be also punishment if they are allowing those people to register and have an account in them. So, if no one will help your government to track those people, they will not know where you from. Another thing to make it sure is to refuse from company KYC, or the time where you need to upload a valid ID to activate your account. There are lot of wallet provider in there that they don't require you to enter your personal details.

Emotionally attached to a currency? I think in terms of bitcoin that could be normal, specially if you have gotten a physical coin embeded with bitcoin address. But for the ordinary currency, I think that is not normal at all. There are people that are so attached to their holding that they tend to collect more and more bitcoin rather than to use it. That is why the word HODL were been created to pinpoint those people attitude. It is also normal for people to remember the first thing that they bought using their bitcoin and even the first time they have acquired bitcoin.

If the government will make bitcoin as a form of legal tender, they will absolutely create a division that will mine those bitcoin. A government owned currency should have backed by several coins in order to balance the circulation just like what they are doing in the fiat. But I think that is the main problem why government coundn't recognize bitcoin as a form of legal tender. because they have no control over it, the inflation could happened in that case. Or the hyper price of each coin could be attained which will make new people getting hard to grasp in the crypto world.

You know what do critics says, bitcoin is so volatile, it change its price dramatically. But as you can see bitcoin price nowadays doesn't change a lot not even swing from 20% in a single day or week. Thus, where are those critics that says the price is volatile that they don't wish to invest in it. But as the price stables, there are fewer investors coming in. I cant see the point in there, when the price is almost stagnant, there were few investors. But when the price vary a lot day by day, there a bunch of investor try to buy bitcoins as many as they want. I hope the confidence doesn't depend on the price, it is in the thinking of one.

Developers s one of the possible controller of each coin. But the trading platforms dictates the price of each. Some said that the trading platform could be more profitable and powerful than the developer. Since most of the coins are open source, there are lot of people that could have a potential developer of a new more interesting coin. But at the end all those coins will be listed in a trading platform. However, in a trading platform, the traders are the one who could decide what will be potential price of each and every coin. But rumors said that the trading platform could create a dummy accounts which could manipulate the price of a coin. So, who control? The trading platform.

Thanks for the advice, I frequently use that method. It is not an option to stop buying bitcoin even if the price is high or even if the price is low. The same way to selling, it is not the price that could dictate when you should buy or when you should stop. Because no one knows when is the right time when those price reached. When I trade, the profit is much the priority than the actual price of bitcoin. One can gain even the price is so low. Sometime when you set a certain price and the price didn't reach, suddenly, the price drops and you have lost your chance to sell in a much higher price.

Yes, bitcoin could absolutely used in money laundering. even thought the bitcoin network is transparent enough to show all the transaction in a ledger that is publicly available. The owner of each address could not be identified. Even there is KYC in several private company that involves in bitcoin, most of the user could create their own address using their own PC. Thus, no one could identify who and where is the location of the bitcoin address account. By then a person could conceal his or her private information, but can't conceal the amount of bitcoins.

You're right about it. It is just like a gun, a terrorist could use the gun to kill innocent people, while police use the gun to kill the terrorist. Those two people with almost the same usage could be seen in different ways. Bitcoin is a tool which could make some wealthy, while it could also be the tool to make someone drown to financial crisis. But just like terrorist and police, there are more people who use and took advantage of the bitcoin in order to perform their illegal activities. We can't really balme bitcoin, just like we cannot blame guns. But this world who runs by people is the one who should be blade due to the attitude of one.

It could but no one could accurately guess it or tell it. Bitcoin continue to progress even tough its price is not performing well. There are group of private company that are pushing bitcoin to be a security or even a legal tender in several countries. As a result, some countries lift the ban on bitcoin, some have even legalize the use of bitcoin. But the ultimate goal is to set bitcoin as a legal tender. Nowadays, some company have already accepted bitcoin as a payment but even there are some who open their doors, there are also some that close their doors. I think one of it is the steam, which previously accept bitcoin but stopped it later on.

I don't know if you are referring other people that are selling bitcoin as newbie or just new into crypto. I tell you men, there are several reasons why people buy and sell bitcoins. One of the first and common is the trading, it is a frequent buy and sell of cypto. I think you haven't experience it yet because you are just like other people on what you are talking about that is afraid on losing some dollars. You can't just tell that all of the people that are selling bitcoin could lose some of it, some time and most of the time they need to sell so that they have enough money to buy when the price goes much lower.

I am willing to wait that very right moment when the bitcoin price sky rocketed again. What will I do to those people that are frequently saying that bitcoin is a scam, bubble, ponzi or any thing, I will give them an address with bitcoin on it telling them a huge amount of money is in there. If they transfer it out of cash it in, I will slam it to their face and even post if on facebook that those guys who said it can't resist and cash out my bitcoins. It is very hard to please anyone specially these days then most of the people only want is money rather than the change a technology brings to the humanity.

*Replace money in transaction? Yes it could, as a matter of fact, I have send money to my friend from different location without the hassle of using credit card nor atm card. But using bitcoin and its wallet, the transaction is so smooth that it don't even charge me a peny because we are using a wallet addresses from a same wallet provider company. What much more great is that you could process the payment transaction without filluping some sort of bank forms, and you don't even need to visit the bank. Currently, as you could see, there are also electronic form of transaction done by famous banks. But there is a transaction fee and enrollment fee in a particular account.

I didn't, that is insane time to buy. But most of the new investors that are influenced by other on the thanks giving have started to invest in bitcoin on this month. I am sure the are really pissed off on what is happening to the bitcoin price. This is not what they have expected to happened. But I think that is also the reason why the price of bitcoin on that month soar. There is a huge demand of bitcoin which surges its price up than normal. However, those people who bought bitcoin want to gain revenue and want to sell it off that is why the negative effect happened. Currently, there are more people who are willing to sell than to buy which I think affect the price of bitcoin.