Which is practically the foundation of bitcoins. The merchants will come to us eventually. Making the price of bitcoin stable just for the merchants to accept it is such a foolish move. But it also has its advantage. Since they will be accepting bitcoins then, and then bitcoin dies and people moves to a different cryptocurrency, then maybe they can also adopt that currency even though it's volatile. What I mean to say is that it will at least familiarize them to the basics of bitcoin.

Anything having a stable price is actually impossible since everything is based on supply and demand even the ones that weren't meant to be like that. Scarcity will always give value to something.

[1] But is the right time ever going to come? Go to YoBit and see how many people have lost money from trading. People believe that the coin that they are currently holding is just going down momentarily and would easily go back after a short period of time. Until that "short period of time" has become long. Until the coin has finally died.

[2] Long time holding a coin doesn't guarantee "Sure profit" at all. As a matter of fact, holding a coin for too long can also be bad since people might already have left the market before you ever sell your coin.

[3] Only if you lose and only if you risked all of your money.

Sure you can but only when you get lucky. Staying for one hour in front of the computer watching the charts doesn't necessarily allow you to earn 0.01BTC. You can earn that much but only when the market has moved. Short trading is not always going to happen and most of the time your "short trade" becomes a long trade. You're going to wait for  days or weeks before you can profit. Otherwise, you're going to lose either because the price has decreased or because of the exchanging fee.

Trading is definitely a good way to earn money but only if you know how to do it, when to trade, and how much to trade.

Lately the coins have been good. Look at Edgeless and Lunyr. They have little amount of participants while they have accumulated a large funds. The technique in joining altcoins is that you have to check first how much is allocated for the bounty campaigns, and how many percentage of that is allocated for the campaign that you're going to join (e.g. signature campaign, twitter campaign, facebook campaign).

Bitcoin signature campaigns give you quite a decent income while altcoins is kind of a gambling since you don't know how much you're going to earn.

But sometimes you don't know if the bitcoin mixer is not cooperating with the person tracking you or the person tracking you can simply contact the bitcoin mixer site. I honestly don't think someone will go to this extreme effort unless it's the government and you did something pretty bad. But there are jurisdictions that seem to have no power at all in the Internet. They can't trace anyone at all.

The term "easily traced" does not suit bitcoins at all since someone can create multiple amount of address and just make the money go round and round, put it on online wallets, on mixers, on exchangers, on trading sites, etc. In other words, "there are a lot of ways to get out of crime".

More like the reason why this scheme is still existing is because there are still people investing. The HYIP site creators have computer skills like programming. They surely know what they are doing. They have hidden their identity for quite a while and have scammed enough people.. But there are people that got scammed, and just thought "It was because I didn't invest sooner." Sure if you've invested sooner, you could've get your ROI before they ran away but that's not the solution to the problem.

These people only think that they can earn more money or ROI faster if they do have downlines so they keep on promoting HYIP sites. Some really make money from HYIP but mostly don't. I really pity the people that keeps on trying to earn from this type of website.

It simply appears to me that you have bad persuading skills. "Money", when people here that, their brain lights up like light bulb. Everyone wants money. Everyone's materialistic. I know there are special snowflakes out there that would say otherwise but let's face it, we're all materialistic. Simply telling your niece that he can buy whatever he wants if he's going to study bitcoins and work hard for it. The job isn't that tiring since they only have to do computer works which is pretty easy for today's generation.

I personally count bitcoin as my safe haven. If my altcoins are converted in bitcoins, I'm confident that I wouldn't have that day when I'm surprised that my coin has went down tremendously without any idea if it will come back to life anymore. I still have some altcoins because of bounty campaign. I often check their price of liqui just so I wouldn't be too late to sell my coins.

Plenty of altcoins have a good potential ever since. But are people going to buy it? The "good potential" part has become so common that the only chance of a successful trade is that if the coin gets hyped up enough for you to get some profit.

It's already 2017 and the Millennials are already taking over. People don't settle with the traditional way of things anymore. People settle with the best thing for them. If they found bitcoin to be the best for them, then they'll use it. I'm a Millennial as well and 95% of my money is on bitcoin. The rest are converted in fiat just so I can survive since there's not much merchants in my place accepting bitcoin yet.

If more and more people use bitcoin, the only ones that will continue to use paper money are the older ones and those that don't have access to the Internet. Eventually, everyone will adopt to the situation, the older ones will die, and bitcoin will be used more than paper money.

And even having your own business doesn't assure steady income at all. Most of the things are just seasonal. There  are days when your product or when your service have a lot of buyers or customers. But there are also times when it's almost as if your shop is just invisible. And to most businesses, it's like this. Most of the time there's no customer. Not all businesses are booming. You should consider yourself lucky if your business is making some profit at the moment. There are business person that don't get any profit at all and just end up closing down because of where their business is going.

It's because it's not obvious. We don't know what newbies are thinking about a certain topic since not everyone of them are posting about it. Every now and then I see a Junior Member or a Member posting stuffs here that are totally untrue. Where did they get those information? From the fudders and from the spreaders of wrong information. Back then, I used to think that halving means the difficulty of mining is doubling and the price will be doubled as well. But that's just because that's what I read from other people here. You'd think that I should have done my research on my own but we simply believe everything that we read.

That's what I've been thinking for a couple of weeks until I read somewhere that it's actually the block reward that gets divided by two and the price isn't affected right away.

1. And then? You received the coin. That's it. If you mysteriously received some coins, then thank you to whoever sent it to you. It's pretty obvious that the sender was the guy you were having a deal with since it's pretty unlikely that someone will mistakenly send money to your address.

2. Tax will be paid just like the same way. You buy a food, tax is already there. Before your salary goes to you, the tax has already been imposed.

3. If bitcoin replaces the dollar, the prices will depend on bitcoins and not dollar. Volatility isn't a problem anymore.

4. WannaCry? Really? It's just a recent thing and now it's a reason why bitcoin cannot replace dollar. Fiat is even more anonymous since there's no way you'll know who held the paper before you. In bitcoins, all the transaction history is out there.

I surely would choose a market with price fluctuations but mostly in uptrend motion over a market that has its price keep on increasing but only on small increments. I think it depends on the pace. The downward movement every now and then doesn't necessarily slow down the increase of bitcoin's price. The price fluctuation is a good thing like you said. People can take advantage from it. But only those that "can". Not everyone can enter trading and then get out of the market with profit. Most of the time it's best if we simply just hold our bitcoins so we get as much profit as we deserve.

And I'm even more surprised that you're expecting that someone will create a video or an article about bitcoin for kids.  Google "Explain bitcoin like I'm 5" and you'd see some articles such as this, this, and this. Since I've found what you're looking for, it proves that you simply didn't do enough research. I don't think that you even used google at all. The things you need would not just be handed down to you by someone. You have to do your own research about these things.

There are pdfs out there about bitcoin and the most important one is bitcoin's whitepaper. Once again, it's not that it's not existing. You simply didn't do your research.

I wouldn't think that it's a "big" reason at all. Bitcointalk has been here ever since. I think that all information and all dramas about bitcoin and altcoins are already here. All the FUDS, different type of scams, and the trolls are also here. You can say that this forum is where people freely post stuffs since (let's face it) moderation has always been a problem here. I see people here and there posting FUDs as if they are just casually stating facts about bitcoin.

I think the purpose of bitcointalk to the bitcoin world is that it gives people hope. It gives people the idea that at least there's one forum that's really really active even though the major reason why this forum is so active is because of signature campaign.

Houses don't necessarily get a higher price in the future. There are towns that are practically already a ghost town by now just because it was outgrown by a nearby town and so people chose to migrate there. The houses in that place went from "This shit's fancy and expensive." to "How many dust for this huge mansion?" There's no more people in the place, there's no more neighborhood, so the houses are now valueless.

On the other hand, if your house belong to that developing town, then the house should have a higher price.

Strongly yes? Look up digital divide and you'd know that these people are in no way going to use bitcoins unless they stop being computer illiterate. How are they going to use bitcoins without being computer literate first? Yep, you can convert your bitcoins to digital fiat and then cash it out using ATMs but what is he even going to cash out?

If the price of bitcoin continue to rise, then the people like us will be swimming in money while other people will try to follow what we've done. We diversified our investments so here we are, we now have a good asset. People look at bitcoins as an asset, but isn't fiat basically the same thing? People also invested in fiat so the value of your fiat was made.

When fiat gets out of the scene, bitcoin will finally be used as a currency. It's the point of bitcoin after all. It can stand alone and it can replace all these biased monetary system.

I really think that it's a case-to-case thing. If you're not interested in forum or don't know much about bitcoin anyway, signature campaign is not that good for you. We're all at different levels. Some can do signature campaign but wouldn't because their time is much more valuable than the amount that they can earn here. There are also places, mostly 1st world countries, wherein having an actual side job is much better than a bitcoin side job.

Some do have the money and knowledge to trade so trading is the best source of bitcoin to them. But since we don't all get to Earth with money and everyone's not knowledgeable about anything when they come to life, you should have a strategy too. Learn about bitcoin, and then do signature campaign. Save up enough money, learn how to trade, and start doing trading.

Not to mention that literally every drug purchase before bitcoin were done with physical cash. Bitcoin didn't introduce people to using drugs. Those that buy drugs using bitcoins have been using drugs ever since. There's nothing about drugs in bitcoin's whitepaper. Bitcoin isn't advocating any of these illegal stuffs. People just learned that it's better to use bitcoin than cash when doing transactions that should be hidden.

The guy is saying that it might not be good for bitcoins if you can buy drugs using it. Uhmm. Honey, you can buy drugs using fiat too. But is fiat considered "bad" at all. "Good" things can and always will be used in a bad way. That's just how things are.

Since no one's interested, I'm just going to lock this topic and completely abandon what I'm doing.