Is there any speculation that is backed by a strong and reliable data? No. Anyone can legit say anything here and that's their opinion. Nothing is a fact in here unless it has happened already. His comment is no different than the comments here saying that paper money will vanish and will be replaced by a crypto-currency.

We don't have any "reliable" information to contradict his opinion as well. Everything's just speculation. The only thing we can say right now is that paper money will not be replaced by a crypto-currency any time soon.

Based on DarkStar's and zazarb's threads, it's kind of viable. But they're actually really really cautious on giving out loans. Seems almost everyday, somebody's asking for a loan but not all of them are getting approved.

Other BTC lending service has a high default rate because they accept pretty much everyone. Most of them just require for you to verify your personal info and then that's it.

That's probably what was somebody that bought at the peak of $1200 range back then was thinking. He bought coins thinking that he will be able to sell it for a higher price and he just have to short trade it. It turns out, that was the peak. You don't want to chase an increasing market because you might end up buying in the peak as well. I would recommend waiting for a little while and see what's going on in the bitcoin market and then look for other's opinion in the speculation board rather than saying "today is good time to buy and tomorrow too."

I don't think bitcoin trading is a job at all. Once you have all the bitcoins set up, you're going to spend a couple of hour max per week to do bitcoin trading. You just study the graph, hope that you're online by the time of price increase. You literally just press a button to sell/buy bitcoins. I don't think it's a job at all.

I also don't think that the introduction and implementation of bitcoin banks will only allow banks to make profit and the exchangers wouldn't be used at all. Bitcoin banks wouldn't be able to acquire all of the bitcoins in the world, only the coins that their users are going to deposit. Not unless if they're going to fund it and buy bitcoins for their bank.

That would be fun because everyone wants to give and receive gifts. They would be able to socialize to other teenagers that are just starting out in bitcoins but they wouldn't earn any significant amount of money even if they continue doing mobile faucet games for years. I think teaching them about investments, trading, and all those basic stuffs that you have to learn about bitcoin would be much better. Simply tell them the truth about faucets regardless of what platform it is on or whatever twist it has, faucets are a waste of time.

There are other aims just like earning money from gambling. Even if you keep saying that you're just gambling for fun, you still have the intention to earn some money from it that's why you keep doing it. If you have no reason to become ashamed of being a gambler, try doing some research about the society and how gamblers are so frowned upon. It's already 2017 but the mentality of most people about gamblers is still the same.

Although the price of bitcoin at the start of the year has nothing to do with our productivity in the remaining months of the year, I think it's good that we're off with a good start. Sooner or later, facebook pages and other influential social media stuffs would be posting about bitcoins hitting $1000. I wouldn't expect this price to last for a long time since a lot of people are waiting for $1000 exactly to sell some of their coins. Everything pretty much in the bitcoin price increase is a bubble anyway.

That's not going to stop any addiction at all but it will help you lessen your addiction. From two bottles to one and then from one to half. From half to 1/4 and so on.. Eventually, it would be less and less that you'd find it boring and just ditch the whole addiction thing. My advice is to lessen your time spend gambling and not just betting smaller than usual. You surely wouldn't mind the bet amount since, well, you were betting tons of money back then. This way, you're also learning to discipline yourself and you're going to start to have control of your urges.

Agreed, if no one was buying bitcoins then the price of bitcoin shouldn't be increasing. Halving just mainly affects the miner because it divides the block reward by two. Halving is affecting the price as well but not directly. For example, if there was no bitcoin halving happening every four years, then the block reward would still be relatively large and the price wouldn't be like this.

There's no risk at your end at all since you can always dispute the payment. This has been the flaw of Paypal but it's on your advantage if you're the buyer. I'm sure that the bitcoin seller would require that you send first because you can dispute the payment and he cannot. You don't have to look for collateral or assurance at all. The guy that is taking risk is the guy that's selling you bitcoins because even after a couple of months, you can dispute your payment.

Very high? The highest we might be right now is 1 million in population. I don't think a revolution has happened with just that much population. We're less than 0.1% of the population. The government might not even listen to us and just think that we're whining. Most bitcoin users will just carry on in their business even without bitcoins. They'll do a different business instead. Good bitcoin users have already anticipated all these events and they already have a back up plan for these happenings.

Yup, for example Bill Gates, Mark Zuckerberg. You can easily search for people that earns that big daily because most of them owns a huge company.

I remember a TV series or a movie that said something like "People are either underpaid or overpaid. No one's getting paid exactly how much he deserves."

I've been updating the signature campaign overview table for a while now and I haven't found any signature campaign that pays you 0.1BTC per week.


Nice analogy, btw.

Some altcoins has achieved becoming more advanced and easier to use than bitcoins. But the thing is, almost everything about crypto-currencies is either about or pointed towards adoption. If no one's using the coin, then it's a failure. If there's a lot, the it's a success. No coin has more users than bitcoins. Becoming an altcoin user just introduces you to bitcoins so basically (almost) all altcoin users are bitcoin users.

Right now, there's no major force that makes people migrate from using bitcoins into using a certain altcoin.

When it comes to getting accepted as payment, fiat and bitcoins is the same when you're travelling the world. You don't have to pay someone using bitcoins directly. If you're in India (for example), and you tried to pay using dollars in a local store, would they accept it? No, because it's a foreign currency. You have to convert it first. Just like bitcoins, you have to convert fiat. There's no difference.

Well, based on what has happened in the past, major price decrease like this one didn't mean apocalypse or some end-of-bitcoin stuff. It went to $1,200 in 2014 and then it went to $200 in 2015. Did the life of bitcoin end? No. People just hyped up bitcoins and then people dumped it for their reasons. The case might not be exactly $100, but it's basically the same thing as we're discussing.

That's not always possible. The only way you can do that is if you bought some altcoins and then you put it on sale for a higher price and then someone buys your coins. Short trading is not always successful since the price might go lower right after you bought the coins. It's profitable maybe for a couple of times. But 102% return isn't that much unless you're investing a lot of money (which will decrease the price of the coin, btw). Even if you trade altcoins in a compounded manner, I doubt that you'll even double your money.

The problem is the fact that you don't know up to how long will the hyip site run. Sure, they might run long enough for you to get your ROI as an early investor. But would they run long enough for you to get a good amount of profit? I don't think so. Since hyip sites owner just make new and new hyip sites, they don't mind closing down one of their many hyip sites. They can even close down before anyone reach the minimum amount for cash out.

(Almost) all of the people that has replied this thread said that. Try reading.

Because there's no guarantee that the price will decrease after a couple of weeks. Right now, we're having a rally towards 1000$. That might continue. If you don't buy at this price and the price kept on increasing, you'll surely regret not buying right now. You should be having profits at that time. But, I guess we all have our own strategies. Some don't want to chase the price increase, some wants to. I'm not recommending anything that you should do because you might blame me if you lose profit.

What if I told you that compounding wouldn't always work in trading because the market's not always going up? There are days when you're going to lose money, if you invest in a compounding manner, eventually you're going to lose a lot of money. It would be hard for you to get back on track when you lose in trading. Compounding mostly just works in loans by the government. It's quite hard to do it on your own.

I disagree with you as well. The government is not just printing and printing fiat money. If they did, then there will be excess fiat which will just go to waste. That is one of the basic things that's taught in an economy class. The fiat will surely decrease in value if they print more and more so they don't do that. People don't suffer from financial loss by this because it's not happening in real life or maybe in most countries, at least.