Either way it's still possible. I believe things will only get better after we have seen the worst and I just hope that the last drop when it goes to 160 level was the signal that finally we are seeing the bottom. Going back to 200 level will have a psychological effect which makes people think that the trend is not yet over.

It's providing us a way out of this terrible financial mess, if you were to ask me. Instead of manipulating or trying to do harm like what a virus would do, I think it's doing us a favor. Imagine before bitcoin came along, the only alternative was probably to hedge on gold but now, at least you have bitcoin which is another option to consider.

Actually I won't suggest you do that. Sending without a fee will probably cause the transaction to get stuck for days. If you are really serious about bitcoin, the least you could do is to support the network and add the fee to pay for the miners' work. Does 0.1mbtc which amounts to less than 5 cents going to make any difference?

I think the worst thing here is living every day worrying about the price. I had the same problem until I have to tell myself to stop checking the price so often. I don't know what to say, the more you think about it, the more delusional you will become. Best thing is set things aside and stop worrying and get on with life. That's how I deal with it myself.

You don't need to do anything with the coins once you receive it. The fact is the coins are not kept in the wallet. You are only controlling the private keys which is actually a series of codes that allows you to access the coin in the blockchain. And no, you can't transfer and store it in paypal. Unless you convert it to usd or any fiat currency. Finally, the value will change depending on the market price.

Certain buyers might want to lock in at a particular price or rather buying at a predetermined spot price. If by going to the open market, generally you don't have the luxury getting such large amount at the same price even if you spread your buying order going to different exchangers. That is because price will start to rise as the market cannot cope with such huge demand at any particular time, and it will push the price upwards. Essentially what it means is that you will be buying at higher price.

I'm really terrible and lack the skills when it comes to analysis and statistic. I think you have a done a quite comprehensive analysis on yours. If what you say it's true, then we are looking for another major bull run provided that there is no other external factor coming in to disrupt the trend. I do agree that the slight drop from the 280 high is more towards market correction and hopefully we can see the uptrend resuming next week.

The obvious threat that I see happening right now are some ponzi schemes created out of nowhere and trying to link themselves to bitcoin and then ended up destroying bitcoin's reputation. And I expect it to have a long term effect as the negative perception will turn people's attention away from bitcoin.

I don't know where you are from but have you checked out your local community forum to find out if there's a chance to hook up with bitcoiners living close to where you stay around your are. I'm sure there are bound to be sellers, so you could actually set up an appointment to meet up at a local cafe and perform an instant exchange.

First of all, have you managed to get the news on what is the actual buying price that the winners paid for? If a bidder paid to buy at lower than market price, they could either sell the bitcoin into the open market to gain some quick profit or they could decide otherwise instead to hold it for a longer period of time to bet on a further gains.  However, if its the opposite, the only logical option is to hold. There are reasons sometimes a buyer would bid above the current spot price to avoid slippage at the target price than if that position was bought in the open market. In this scenario, obviously nobody would want to sell it straight way.

I hope everyone is aware and draw a clear borderline over here to note the difference. A decentralized bitcoin network not controlled by anybody is not the same as a digital currency issued by a centralized entity. You can call it crypto if you want to for that matter but it's just not the same.

For me, what is important is preservation of value. It's not the ideal thing for fiat because the number of items I can buy with the fiat I have today will not get me the same few years down the road. No thanks to how central banks can actually manipulate the system and work their way out with printing more money. The fixed supply of bitcoin is what I like the most.

Why not? I purposely create different wallets to receive money coming from different sources and make it a point to change to a new one every now and then, just for anonymity reason. There are wallets on my phone, laptop, pc and I keep private keys for all of them so that I can load it interchangably to different platforms.

If we are doing everything from the internet, I don't think it will work to reach out to them. Most poor countries doesn't even have access to these basic amenities. It should involve people actually going there. I think for now, more important is the education and telling what bitcoin is and in terms of adopting it as a currency. These take time. But nothing to worry about, once it goes global eventually it will become a trend and things will pick up by itself.

I think the market is still waiting to see the effect of the bitcoin auction after it was completed. There were some rumors going on which I hope is not true but probably people are staying on the sideline just to be safe. I think the next coming week is going to be exciting because once we can see where it is heading, it should become more clear on what to expect.

The community is alive. People are still willing to pay for bitcoin for a certain price using fiat money and certainly it holds some value. The technology is unique. It has the potential to replace the existing system and probably solves all the issue the current system is facing. Adoption is growing albelt at slower rate but that's fine. So the future is there. What else do we need?

Whether they want to embrace and be part of it certainly remains a big question. But secretly I think more likely they would see bitcoin as a threat to the existing banking system. Banks can't manipulate bitcoin, that's a fact. Banks don't own them, the people does. It is an alternative. What if one day everybody decides to use and trust bitcoin more than the fiat they are holding? If that's the definition of "major difficulty"

If it's true that the price paid for by the auction winner is higher than the market price, then it should be good news. I've been reading some conflicting reports about the actual price paid and that gets me worried as well whether it will cause the bitcoin price to drop in few days to come. Also can somebody also confirmed what is the actual price paid for? Is that really announced to the media or made official?

What you are looking for I believe resembles something like a terminal which makes paying in bitcoin becomes as simple as just doing a swipe and then it's done. It's to facilitate retail operation. Read that it's quite popular in Germany right now. You might want to check out the link here about PEY terminals. https://www.cryptocoinsnews.com/free-pey-3d-printed-bitcoin-payment-terminals-spreading-across-germany/

Well initially it might give the wrong impression but soon enough the person will realize that they are not making anything at all because it is merely there for them to try out how the system works. For example whatever dust payment earned, a large portion will eventually gets returned back to the network and they will realize what they have done so far leads to nothing. Time for them to buy if they think they are now convinced in the system. Depends on how you look at it.