As always, your analogy is on point. That was just my availability heuristic and thank you for enlightening me. I guess the scenario can be bitcoin making fiat obsolete, which is everyone here is waiting for, or a new technology (probably something that has implemented lightning network) will get everyone's attention. Since we're at the information age and communication isn't a problem to us, all active bitcoiner will find out about the new coin and it will quickly make bitcoin obsolete (assuming that it solved the transaction fee and time problem).

It can without that for, like, forever, I believe. Bitcoin don't need some organized promotion going on because it's only normal for people to share the things that they are up to at the moment. If you're a bitcoin enthusiast, you can't stop talking about it especially when you know that the other person knows the basic things of economics. This thing is revolutionary. The idea never dies. Even when everyone stopped talking about bitcoins, and then after a few years someone found out or thought of the idea again, it will spread once again.

Basically just the word of mouth. We don't need to put up advertisements on the Internet or in the television just to make people use bitcoins. You literally don't have to do anything at all since people will adopt on whatever's the trend or whatever's new.

Can you give an explanation why so? Because investors right now are investing in hopes that the price of bitcoin will even go higher. If the price is stable, bitcoin cannot give you any profit regardless of how long or how short you hold your coins. For store of value, perhaps? I still don't think so because why would they put their money at risk like that when they can store their money in gold and other stuffs that have been around for so long and proven profitable.

Plus, it's actually impossible that something will have a stable price. Like in your example, if someone invested a large amount of money at something and it has a limited supply, then it will pump up the demand and increase the price.

But altcoins are not working together. It can be 49% for bitcoin and 51% for all the altcoins but still isn't enough because that 51% is consist of tons of small portions. Bitcoin is still dominating.

Ripple is third, btw. Bitcoin > Ether > Ripple > Litecoin > NEM. What is NEM/XEM? I've seen some people promoting this but never people talking about its features and whatnot. Is this a product of nothing but hype? Anyway, every altcoin are far from bitcoin's market cap so yeah. Bitcoin is even becoming more stronger with an additional of 1B market cap in just 24 hours.

Thinking about what you said, there are just a couple of people that have invested in major companies yet each share/stake costs much more than bitcoins. How's that for "what if more people" invested? I think it still depends on how much investment is present. It's possible that a billion dollars of a market cap of bitcoin is just from a single person. 1B market cap is such a huge deal up to now.

There can be many people using bitcoins but the price wouldn't pump up because the people using it aren't investing anything. There are days when the price of bitcoin barely moves but the number of people using it surely is increasing. That alone proves that not everytime goes in in the bitcoin world, there will be an increase in price.

But sometimes too good of a mindset will let you down. Supposed that you're losing on a regular basis, since you have a really good mindset, you don't really mind losing that much. It wouldn't bother you. It's as if you're totally living with no emotions that you don't realize that you're already losing too much and, in the first place, the reason why you trained yourself to control your emotions was to prevent losses and have better gains.

I think that a trader's mindset actually comes with experience. With experience, you'd know that losing from trading is just a normal thing. You don't have to read a book, I wouldn't even read that book because I would want to experience everything by myself instead of someone sharing his experience to me. And with experience, you surely have a lot of knowledge and trading methods.

Some things are off and I want to clear it out. Houses increase value over time but not all of them. It still depends on the location of your house. Some people like living in the provinces but would it be exactly the province where your house is? The houses in the city surely increase its value over time when the city is still relevant. There are times when a city is outgrown by some other near cities.

Minerals, rare stones, gold, etc. they get demand over time because of their use. But it's not demand that makes it rare. Those things are already rare and that makes it have a value. Supposed that you can pick gold stones in the streets, gold wouldn't have as much value.

It's really depressing if you live in the future instead of the present. We're just at $1700 right now. This has been the highest price of bitcoin ever since, you don't need to be thinking about a million dollar per coin. You should be grateful with what we have right now.

By the way, it would be a lot less than that since thousands of bitcoins are already lost. Private keys getting lost, wallet seeds getting lost, passphrases getting forgotten, and simply people forgetting that they bought bitcoins long ago. Note that market cap is calculated using the price and the number of coins in circulation not the number of coins in total.

It's usually bad for the industry for newcomers to offer their service for a cheaper price because it will devaluate the work. Customers will say that it's only $10 on you when someone's offering them $15. This doesn't make the rates go down but it also make the normal rates look like it's a high rate. It's understandable that you're just building up your portfolio and whatnot so the price is cheaper but are you that not confident with your skills that you start lowering the price of the whole market? People will come to you even when you offer the same rate as others.

Having a stable job alone can give you 0.1BTC or even much more than that if you live in a first world country. Part of me wants to disagree that combining trading and working with a stable job can give you something since you're going to risk the money from your work to trade. If you start doing bad investments, this money goes to waste. Luckily, you can prevent having more loss in trading by selling quick when the coin is about to become a shit coin (e.g. missing dev).

Frankly, if you're just a newbie trader, it's thousand times better to just find a day job. It pays much more and it lets you experience life more (by interacting with other people more) while trading just make you look on your computer screen studying charts and watching out for news.

One thing I can guarantee you, the price of bitcoin will never go down to zero or even "really low price" (although those terms are subjective). Simply because people have invested billions of money in bitcoins. Meaning, they can spend some more millions just to prevent the price of bitcoin to go down even further supposed that there's a major dump going on.

I really pity the people like you that didn't have the confidence to hold their coins. Selling your coins just take away the opportunity to sell at a peak price like this (i.e. $1600). Think about long term. Fiat will surely always has a value and it's not that volatile. But, it's inflating like crazy.

Not really "useless". Perhaps the things that you simply "want", they give you some sort of happiness. It's different from the happiness that you get from the love of people, but simply buying what you wanted will give you some joy. Most of the time, the thing that you want (e.g. a flagship phone) is useful anyway and you can sell it when you experience shortage in money.

Also, what else are you going to do with your money? It will come to the point where you already have the things you need like shelter, clothing, and your very own car. The only things that you're going to be spending on are gas, food, and some maintenance for the things that you own. The rest of your money goes to your savings. Thinking that this day would be your last day, it would be absurd if you worked your whole life but you never get to experience to live a better and more exciting life.

100 million where? We're far from that based on the userbase this forum has and all the other bitcoin related forum have. Maybe 100 million wallets/address has been reached by now but that's just because people can create thousands of wallets all at once.

Trading and investing wouldn't destroy bitcoins. First, people are buying bitcoin because they want to invest in it for the long run. Another, trading is one of the best ways to make money so definitely people are going to do it. And it seems that trading has become so common that people invest in cryptocurrencies because of it.

Only ones that have a thirst for knowledge are the true nerds. The rest of the population wants quick money without doing much work. Because, you know, why do work when you can just have money instantly. People are lazy. That's why ponzi sites, HYIP sites, and cloud mining sites have been successful ever since.

I think negative emotions come in when you lose money and it's not the reason why you're losing money. Your emotions are irrelevant when it comes to investment. You don't invest on Ether or Bitcoin because you're sad. The market don't go down because people are sad. It's purely a speculative thing.

I think you got the wrong idea. A cashless society will simply not have cash but instead have a digital currency. We're starting to live a cashless society by using cards mostly and other digital currencies like bitcoins. It didn't kill anything.

But let's stay in your idea where cashless society = no currency society. Don't you think that that will actually solve the fiat slavery going on and make the world an even better place. Back then, when there's still no coins which were originally made by the Lydians, there were still no slaves. The human slavery only came to life when coins were made.

First: There's just too much people that are all-in for the long haul in bitcoins. If the price decrease, some will just hodl, some will protect the coin and put a wall so the price won't go down any further. It's pretty obvious that if the price goes down insanely low, then people are going to pick the coin up, collect as much as they can in hopes that the price would go back to normal and earn profits.

Second: Ehm. Legality issue, I don't think that can ever be considered an issue because bitcoin resides on the Internet. The government has banned tons of activities on the Internet but we have online gambling, porn sites, and drug deals in one quick google Search. And then the deep web has become a total marketplace for people that can't put their online store in the normal web. And it seems that very little to none of this people has ever encountered "legality issues".

Internet is freedom.

With the pace that you have with bitcoin faucets, in order to get 0.002BTC you'll spend weeks of solving captchas, which is not only boring but is also a total waste of time. 0.002BTC is like $3. Who has a computer but doesn't have $3 anyway. Just deposit that amount, or even better to deposit more since $3 wouldn't give you good profit even when the coin gets hyped. If you don't want to deposit, then just practice your trading skills and knowledge on https://whaleclub.co. It's good to have some practice on trading before you start trading with actual money.

And if we've all become such important persons, being someone like that will be normal. Hence, the payment for such job will be much less. You don't have to become "someone" that has importance like them nor do you have to think outside the box. It doesn't take any genius to become successful in life. Simply knowing the people around you and their needs is a crucial thing in business. You can use that to your advantage by offering the service that they need. With that, people will go to you and use your service, thus, profit. You only need that one thing that will save you from poverty and from being an average 9-5 worker.

This world has been around for so long. You can simply follow another person's path if you want. Tons of ideas on the Internet but of course your success is not going to happen right away. Most people have made fortune after years of failure.

But isn't it actually the case? You can hire someone to do something. You can even hire someone to kill another person. Money gives you power. Just accept it. You can't move to another country without money at all. Sure, you can travel without spending money, you only have to be related to the owner of the travel company. But, the owner of the travel company still has to spend money to make you go to another country. Therefore ultimately, money was still used.

Money make the world go round and that's the truth. If personalities like Kim K. or Kylie Jenner didn't have money, they wouldn't be so relevant in the whole world and they wouldn't have so much power and influence to people.

How will you even earn from bitcoins as an investment when the price is stable? People buy/invest in bitcoin because they know that it's very profitable due to its volatility. The price is the one that everyone's looking at to see if their investment has made profit already or not.

If bitcoin had a stable price, I can only imagine the economy of it. How many bitcoins would there be? An unlimited amount? Supposed that bitcoins still gets recognition and popularity when it had a stable price instead, then that means people are getting bitcoins at a single source with a fixed price. Is that how things will be?