in current times where the price is stable, it's indeed not very profitable when you're a day trader. that's why you should stick to day trading at days where there is enough volume and volatility. i do that too. i used to (or at least tried) to day trade on days similar to how the market is today. it's not rewarding at all. that's why i take a break these days to jump into action as soon as the volatility comes back.

it's not only a hassle, but it's also not needed. why would you store your precious coins in a bank when you are your own bank with bitcoin? isn't this the reason why we as bitcoiners like bitcoin so much? we are finally the only entity with control over our wealth. i wouldn't want banks to incorporate bitcoin. i like how bitcoin is right now.

it depends. don't forget that the most wealthy people will always prefer gold over anything as some sort of safe haven. maybe that bitcoin will gain some extra incoming money from people trying to escape the usd, but will it be enough to cause the price to at least double? i have my doubts.

whatever situation you are in, gambling is never a good way to make profit. eventually you'll lose it all to the house. trading is a great way to make profits assuming you have enough experience of course. trading without any experience is also some sort of gambling since the only thing you depend on is luck. especially when it comes to altcoin trading.

i am from western europe, and i do have to pay tax over my bitcoin holdings. and i also have to pay separate tax over the profits that i made with bitcoin. do you come from europe? if so, which country?

i think it's exactly the opposite. at the time paypal accepts to work with bitcoin, then it will give people less incentive to use paypal as preferred payment option. eventually it will cost them a lot billions in lost revenue. i am quite sure that share holders of ebay will not allow that to happen. they are interested in a growing company, and not a company that gets destroyed from inside.

it's of course your choice to save up everything instead of spending some, but you can also choose to convert fiat into bitcoin at the time you are about to buy something with bitcoin. i do exactly that. via that way i don't have to touch my own stash.

the marketplace here is very small. if you purely look at the trading volumes, then china is a real bomb. btc/cny dominates the trading volumes like there is no tomorrow.

these are the number of coins traded in the last 24 hours per currency.

usd ~ 20,000btc
eur ~ 6400btc
cny ~ 1,090,000btc

and yes, i know that chinese exchanges have zero fees which might inflate their volumes considerably. let's give their volume a cut of 90%. then still they are by far in front of all other exchanges.

signature campaigns are the best way to earn free bucks when it comes to time-reward ratio. mainly because it's all free. offering services is just you offering your skills to the public. not everyone has these skills. eventually people will remain earning through signature campaigns since it's a free way of earning money.

handing over money to poor people will make them happy and help them out for a short while, but it doesn't even make a dent in the overall problem. infrastructure, schools, a system where start-ups are helped out with a certain amount of money, etc. all this has to come from the governments themselves. if they keep acting like they have been doing for decades, then literally nothing will happen.

the price going up to such high levels will more likely attract people that are looking for an investment rather than a currency. and don't forget about the yolo investors that we also have seen when the price touched its all time high. either way, fiat will never become worthless regardless of the bitcoin price.

that's an extreme action that they might take when bitcoin grows too large. that's why i like how bitcoin is in its current form. right now are still the good times. just imagine what will happen with regulations once bitcoin gains much wider terrain in the world. governments won't stay sleeping as they somewhat do right now. the difference will me immense.

for me personally the volatility isn't a problem at all when it comes to my long term investment in bitcoin. i know that my selling target will be some years later than now. all the peaks and dumps right now don't affect me as i look at the bigger picture. others should do and think exactly the same.

i am always a person that is doing research before jumping into the market at a certain price. but if it ever happens to go down to such levels, then i will not waste a single second with doing research. i will instantly buy myself a good number of coins. of course not will all the money i have for trading purposes. i always have enough money in the pocket to buy even more when the price goes lower. it might be a one time opportunity. i am not going to waste such a chance.

if someone receives their salary fully in bitcoin, then it's different of course. but that doesn't go up for people having a fiat salary and thinking that it would be a nice thing to receive everything in bitcoin. these people can't be serious. because when you have bills to pay, you can't depend on bitcoin with its volatility. one day you receive your $2000 salary in bitcoin, and the next day it's only worth $1750 due to the price going down.

big players have done their hoarding at price levels much lower than what we are at today. current levels are for the average bitcoiners that were doubting in whether or not they should buy. and the motive for each person is important too. most of these people are only interested in a short term investment.

people that think there is no risk involved in trading are a danger to themselves. trading is something that you should be doing with enough knowledge and experience. if you are trading without any of these, then it's basically the same as gambling since the only thing you have is hope.

the traditional older generation will most likely never look into bitcoin. they mostly save all their money in cash and hide it in their house. these people don't trust anything.

if you plan to convert the coins back to fiat after receiving them in form of your salary, then there is no real point in having your salary paid out in bitcoin. just use a certain part of your current salary, and buy bitcoin with it. best thing of all is that you can do it right now. no need to wait for when companies pay people out in bitcoin.

the price doesn't affect you at all when you don't sell your coins. as long as you are holding everything, then you won't be affected by price changes. just make sure you don't panic sell your coins in times where the price goes down heavily.