Thank you for posting this. I have been telling people for a while now to use paper wallets instead of storing Bitcoin on exchanges because obviously if you don't control your private keys then your Bitcoin is at risk.

With that said, this is something new which I am not technically savvy enough to understand right now. I need to research it, but will keep this post in the back of my mind in case the need to store Bitcoin in this way arises.

Again, thanks for posting this.

The problem with your analogy is just because fees are high does not mean the price will go up or that is why the price is up. Think of it this way yes when fees are high it means there is more demand, but also people will stop using Bitcoin if the fees stay high and the supply will go up and demand drops and the price drops. We need a measure to keep fees lower in order to assure that everyone can continue using Bitcoin not only rich people or big drug dealers who can afford to pay high fees. Hope this makes sense!

What is so hard to understand about Bitcoin for these people? It is simply a form of virtual gold or money which you can exchange for things either online or in person. You have an address and you can send Bitcoin from your address to another to pay. Really, it is quite simple.

You paid $18 fee?!

This is too much my friend. You must be sending a whole lot of Bitcoin to pay an $18 fee. Well, I suppose that actually you raised the fee very high for this high priority transaction. Hopefully there will be measures in place to lower fees in the future to save us money.

We should hold protests in the streets about Bitcoin Cash. xD

"Where is the hashpower?!, Where is the hashpower?!", where is the hashpower?!"

People will think we are talking of marijuana (hash).

This is a good question! Technically speaking, the final Bitcoin will be worth the most, or should be worth more than any other Bitcoin. Why? How can one Bitcoin be worth more than the rest?

This is not the point. The point is, when one Bitcoin is worth $1,000,000 then the last one will also be worth $1,000,000, but the first ones from 2009 were worthless so you could say the last one is worth most.

Funny you should ask, because now I wonder if someone will try to sell the final Bitcoin ever mined for a collectible item. Imagine how much the first and last Bitcoin ever mined will be worth? Imagine how much the last gold of Earth would be worth.

I can't believe this.

$700,000 is more money than many people earn in their entire lives. Thinking about losing this much is disturbing... I feel your pain.

Actually this is the only thing which makes the USD strong, trusting in God. Without God, we are nothing.

ICO = "Initial Coin Offering"

Quite simply, it means when a company/business is launching their altcoin or token to the public for the first time, you can buy it during an "ICO". It is like when a company goes public on the stock market it is called an "IPO", or "Initial Public Offering". Hope this helps.

Wow. The Bitcoin market is really growing into lots of different areas.

By the way, OP if you read this please change the title to "Air Fair" as that is the correct spelling.

It seems you do not know much about this space. If I were you, do not try to venture into it as you are bound to lose money. The casinos you see running were not started by one individual, but experienced businessmen who know what they are doing.

There is a new coin called DeepONION which is even better than Monero and 100% anonymous if you use it correctly. Well, no system can be 100% anonymous, but it is the best one out there as of today. I suggest you check it out!

Bitcoin is as secure as you make it. If you fail to take proper security precautions then you can kiss your Bitcoin goodbye eventually. It is only a matter of time. Don't believe me? Ask anyone who had Bitcoin from 2010 if they have been hacked/scammed I think over 50% would say yes...

Sorry, but anyone betting on BCH to outperform Bitcoin in the long run is getting long odds at best. The price is less than 10% of Bitcoin and not showing any signs of increasing. I don't see where this hype is coming from, considering this coin didn't exist a month ago and has no reason to become more popular than Bitcoin.

Look, a lot of folks got free money, but you must admit that is what Bitcoin Cash is best at - giving people free money. hah

I think it depends on the amount of Bitcoin you are sending, but I could be completely wrong.

See, the more you send the larger the transaction therefore the larger your fee must be, etc.

At least that is what I noticed as each time I send Bitcoin the fee goes higher if I am sending more or lower if I am sending less.

You are right because Apple is the #1 brand in the world according to some estimates. The fact that Apple accepts Bitcoins means any business can!

I wouldn't say all young people should go all-in on Bitcoin for the simple reason that you still need to pay your bills, etc. and also while Bitcoin is proven to be an extremely great investment, the reality is that you should never put all of your eggs in one basket and this case in no different.

With that said, OP is essentially true.

But couldn't a country which has no intention of controlling Bitcoin still declare it as their national currency? What is stopping them from doing that? I could see it happening, and it would be a major milestone in Human history!

Imagine how many people got veryy rich from Bitcoin and crypto so far. Definitely lots... I would say thousands. However, it is unlikely that even thousands got extremely rich (I mean multi-millionaires) because most people did not believe in Bitcoin strongly enough to bite the bullet and buy it when it was worth very little. Myself included... ugh.

Selling Bitcoin is only an opportunity loss if you do not buy it back shortly afterward... (shortly, given that the price is so volatile).