It would be the same situation when it was still all fiat. Nothing would have change with how the economy would be running except if it is in crypto, the government will not be able to control the inflation or deflation rate of the currency.

There is limit in withdrawing amount in any exchanges. It would depend on the information you submit and to some exchange the length of time you have been using their service. And if you also deposit that large amount in any banks, you will be flagged. Then you have to report it or you can be accused of money laundering. Which is very bad for you. I advise if you have that much money in bitcoin you have to be careful in withdrawing it

There is too many scams and scammers empowered by the nature of crypto. Anonymity creates this community where scammers can freely generate new coins, start an ICO and earn instant money from there. Or creating hype or FUD and earning from the negative effects it creates.

You can never rule out that possibility. Like everything else, something old can be replaced by something better. That can happen to bitcoin too. But I do not thing bitcoin will lose all its value when it happens. It will retain some value because there will still be loyal users.

It is a risky market. Participate at your own risk because not all of this ICO are real projects. Some of them are just scams to make quick money. There are good projects in ICO but you have to choose wisely.

I do not see any added value by this project. Is this just an attempt to get free money just like what happened with bitcoin cash? This is a bad trend if hf keeps happening to bitcoin.

I think this is already accounted in the last price drop. It is either investors have already transferred to a new exchange outside china or they are holding their bitcoins in their own wallet. I do not see any price development but going up by now.

HOLD. If it does not get there by November, it will get there soon. Maybe early 2018, and it can go way above that price. Do not worry about bitcoin banned on some countries or banning ICO, it can effect the price but it cannot hold it back forever. If wi eventually pump up.

We have to be picky or at least put an effort to know the project you are joining or investing on. You do not want to waste your time and money following a dead project or a scam project. It should be a priority to know the project by reading whitepaper and knowing if the project have real life application.

Where can I find information about this token? Whitepaper, Website, ANN thread? A little information about the token and the project would be nice.

Maybe most will choose bittrex now because Poloniex have a lot of problems recently. But in the past I traded mostly in bitfinex, then on Poloniex when bitfinex got hacked. Poloniex have decent UI and average low fee but their customer service is really poor or slow to response.

That is right, a large community that supports this project is better than having an exchange this early. But there will still be those who are in here for quick and very eager to dump their tokens.

Cash started to be phased out when credit cards came into existence. Now, most of the people shop without bringing cash into them. Maybe, someday bitcoin can achieved that status. Bitcoin will be the main payment method in any transaction we make. But if you mean by cash as fiat, then I do not think fiat will be totally replaced. Government will fight for it to stay.

It is not gambling but there is a certain risk when you put your money on bitcoin, just like gambling. Bitcoin is not yet that stable and still experiencing fluctuation in price. If you put your money into bitcoin as an investment, you have to take a risk that the price may fall and lost your money. Maybe that is why they say it is gambling.

Bitcoin is slowly creeping back up this week. Now it is at 4000 level already. Even with so many bad news about bitcoin going out, it is not enough to keep the price down. I think this up trend will continue to the end of the year.

There is no harm looking for additional investment but if you mean totally getting out of bitcoin and converting it to alts, I think that is a bad move. Diversifying your portfolio is good so that you can minimize your risk.

Countries will have very little benefits from having their own crypto. And it would be a complete opposite of bitcoin because it would be centralized so that government will still have control over it. I will still use bitcoin even if my country creates a crypto.

Numerous attempts has been made to burst this bubble, but it won't burst. FUD after fud, but the price keeps coming back to this level because of strong support by the community. Do you still believe it is a bubble?

It will never happen, atleast in our lifetime. A reasonable amount would be 10k. I can wait for bitcoin to reach that amount before I dump a part of my bitcoin, but not all of it. It may go higher than that.

This happened in the past when bitcoin has no value yet and the owners neglected their private keys or hard disk was destroyed. They never recovered their bitcoins. Thus, there will be less bitcoins to own or circulate that may push the price further up.