I think she's treating bitcoin like fractals (infinitely complex patterns that are self-similar across different scales), or she just doesn't know the fundamentals of the blockchain. It's also possible that she is under the impression that anything digital is self-reproducing.

One thing is for sure, bitcoin isn't going to end anytime soon, and I bet it won't ever reach that point. The thing is most people love bitcoin not for its security or any advanced updating mechanism, but for its value. And most of them don't really pay close attention to the technical side of it. There are people who do but they represent a small fraction of the trading population. The larger portion, which has the greatest impact on bitcoin's value, pay attention to other less technical factors. And even if another coin manages to outperform bitcoin in terms of updating mechanism, it's not like bitcoin won't be able to catch up. It will.

You have a point there. But that's a lot of work for a single investment product. I mean, central banks can buy all the gold, silver, and copper in the world to control that trade market but they don't do it because it makes no sense from an economic point of view. The role of central banks is to ensure economic and financial stability. They conduct monetary policy to achieve low and stable inflation. Bitcoin is no longer just a small, insignificant currency. It already has an immense effect on the global economy because many consumers are depending on it. It is now part of the system that the central banks are trying to stabilize (so, yeah, they surely have bitcoins in their arsenal just like the rest of us, but not too many to trigger financial setbacks that they have to fix in the end). If they suddenly decide to own every coin, that will definitely upset the balance that they are trying so hard to maintain.  

It's a good thing we have experienced eyes all over the place. It would have been better if the author just shared their realization or relevant experience, or perhaps added their own tips. Nonetheless, it's a good read and the credit goes to the original source.

Totally agree. That's why one of my personal rules when trading is to be patient not just when waiting for the value to rise but also when waiting for it to plummet and exhaust. If you want to earn money through trading, you have to take the time to monitor the changes. You can't just keep holding without checking the charts regularly, especially if it's already nearing the exhaustion point. Otherwise, you might as well just hire an investment manager, which will cost you a lot of money.

Like everyone is saying, it depends on you, particularly on how you interpret the indicators against your motivation to continue hodling. If you need it that bad and you can't afford even the tiniest of dips, then by all means cash out. Just look away and don't visit the chart again for some time so you won't feel any regret when you see the numbers heading for the 25K mark.

If he made this statement a few weeks after Bitcoin's release more than a decade ago, it would make a complete sense. But the thing is, some businesses are already accepting it as a valid payment for goods and services, so we can no longer deny the fact that bitcoin has a "value". The thing about value is it exists based on people's assertion. The more people adopt bitcoin, the higher its value (not price) becomes. We just need to get Bitcoin to a point where discarding it is no longer an option, a point of no return, just as how we did fiat currency that ended the traditional barter system centuries ago. Then, its adoption will be set in stone.   

Unless you're in the last couple of years of your life, it's not yet too late to get into crypto. I myself just became interested in it this year, and I did my research, too. I wish I had done this a long time but I did some really awesome stuff with my life back then so no regrets. Just continue learning and applying what you learn and you'll be fine. 

Paypal is just like any other business that can decide to accept crypto as a form of payment. To not like this idea because Paypal is centralized doesn't make sense to me. It's not like they're going to run the blockchain.

This is definitely an improvement. Of course, we can expect a lot of snags at the start but it will all fall into place eventually. But, to say that this is the start of bitcoin's mass adoption is kind of an overstatement. Bitcoin adoption has already started years ago and it's a slow pace, which is understandable given the many obstacles that can't be easily dismantled. So, my guess is it's going to take many more decades before we see real mass adoption. Although I must say that multinational companies like Paypal adopting bitcoin will give some smaller firms a nudge. 

Just as anyone with access to your wallet can steal your bitcoin, the government can seize someone's coins by simply requiring their key. But if you're asking if they can take over the blockchain, no they can't. It's a system run by thousands of nodes from all over the world. They will have to seize all of those nodes to have some control over the blockchain. They will also have to take over exchanges and online wallet providers. But they won't be able to access desktop and hardware wallets unless they go after each bitcoin holder. But no one in their right mind would go that far. It will require the combined efforts of all congresses from all countries. That will take a huge amount of time, effort, and money, too.     

The reason it's called cryptocurrency is that cryptography is used to prevent such thing from happening. You should review Bitcoin basics, especially Satoshi's white paper. You'll understand how bitcoin works and how double spending and/or forgery is almost impossible. It all has to do with blockchain's structure. (If I'm referencing it properly)

I think the right question to ask is "how can they exchange the coins?" It seems they know it's possible and they know they can pull it off so they give it a try. It's hard to think anyone would take the risk of stealing coins without a foolproof plan.

If you think about it, full bitcoin adoption has some similarities with the global campaign against climate change. To slow down climate change, we need to significantly cut down on our use of fossil fuel and start relying on safe and renewable resources. To fix the flaws and imbalance created by the centralized financial system, we need to start adopting a decentralized currency--Bitcoin. We need to deal with our dependence on fiat currency to improve our financial system just as we need to deal with our dependence on oil to fix our climate problems.  

Just as educating people about climate change isn't enough to save the planet, it's apparent that educating people about bitcoin isn't enough to push for full adoption. No matter how knowledgeable people become of Bitcoin, full adoption won’t be possible if we can’t figure out an efficient way to access and use bitcoin outside the Internet. Only 57% of the world’s population has internet access, and a large portion of those with internet access suffer from a poor connection. That part has to be fixed first.

Some suggested creating a system that allows sending Bitcoin through the use of a third party SMS wallet provider or broadcasting Blockchain data over DVB-T, but how sure are we that those can promote unlimited access to digital currency? And how about those who don't have access to digital devices? I'm guessing we won't be able to completely get rid of fiat currency even if crypto supersedes it. I'm patient and hopeful though. Please let me know if there are new technologies made to address this issue. I'd love to learn about them so I can include them in the information I'm sharing others about Bitcoin. ;-)  

When your younger sibling asks for a new dress, you can either buy them a new one or give them a hand-me-down. You don't give them a dress you stopped using when you realized they might regret using it someday. So, I think I understand why some bitcoin experts immediately offer the more complicated solutions right off the bat when asked about wallets or anything bitcoin. They do it not to make things complicated but out of care.  

The Bitcoin community has spawned into an organization that consists of different sectors, each with its own function. But 90% of the time, those sectors have the freedom to choose what role they want to play. It's quite unfortunate that exchanges chose to just do what they specialize in--facilitate exchanges. Now, the question is which sector should function as educators? I think we can all agree that that role is given to everyone who knows bitcoin regardless of the sector you belong in. Everyone who knows the good news should hold the responsibility of spreading it. Well, there already tons of resources online that people are free to access. This forum is a great place to learn bitcoin. So, some people are doing great at spreading the good news.

Many tertiary courses are now covering the blockchain technology, and it's not impossible for accounting, banking, and other money-related courses to cover cryptocurrency in the future, considering that many countries are now adopting it. We're lucky to have discovered cryptocurrency at its early stage but probably unlucky, too, because we have to research about it on our own.

This is almost like the case of NASA's funding. A lot of people deem the billions of dollars spent on space exploration as a waste since it doesn't directly benefit the people when in fact NASA's annual budget ($22+ billion) is too small compared that that of U.S. Defense (686+ billion). 

Compared to other power-guzzlers out there, bitcoin miners spend an almost negligible amount of energy. Seriously, it shouldn't make the headline.

Sending your employees' salaries directly to their bitcoin wallets is one thing, giving the government its share of your employees' salaries is another. So, I think, there won't be an issue if you will send them separately. The government doesn't have a say on your employees' private money anyway. It's a different story, though, when your employees start using their bitcoin to buy stuff. They'd be taxed for that.

Mapalad ang mga crypto users at enthusiasts sa Pilipinas dahil isa ang bansa natin sa pinaka-crypto-friendly na mga bansa sa buong mundo. Suportado na rin kasi ng Banko Sentral at ng SEC ang crypto adoption. Sa katunayan, 13 crypto exchanges na ang nakarehistro sa Banko Sentral at 37 naman sa Cagayan Economic Zone Authority (CEZA) na pag-aari rin ng gobyerno. Nagsimula ang aktibong pagsuporta ng BSP sa crypto adoption nang ilabas nito ang Circular No. 944 noong 2017 na naglalayong pormal na i-regulate ang operasyon ng mga VCE. Bukod pa ito sa regulasyon na ipinatutupad ng SEC.

Fast forward to 3 years, nakipag-partner ang CEZA sa Northern Star Gaming & Resorts Inc. upang magtayo ng isang crypto at fintech hub--Crypto Valley of Asia--sa Cagayan Special Economic Zone and Freeport. This is “part of the government’s bid to foster a fintech ecosystem [to] attract international blockchain companies to set up shop in the country.” May 25 crypto firms na ang inaasahang mag-o-operate sa estate na ito.

The government's support for crypto is becoming increasingly obvious. Dati mga statements lang ng mga politiko ang maririnig natin. Tapos naging mga "regulasyon" at "batas" na mas nagpatibay sa legitimacy ng crypto at nag-iingat sa mga consumers na gumagamit nito. Ngayon, may mga establishments ng itinatayo. I think crypto is past the point of no return at least in our country at this stage. Anu-ano pa kaya ang mga mangyayari sa mga susunod na taon?
 

One of the first things a world war, especially in our time, will affect is the Internet. Whole countries will lose internet connection, rendering all currencies exchanged online worthless. But I don't think the blockchain will be damaged in any way since it's in a virtual platform. Its construction will only be delayed, so once the war is over and countries get back on their feet along with the Internet, I'm guessing we'll just have to pick up from where we left. Lucky are those who were able to store their coins in a hardware wallet.