Nicely arranged blog, one clap for that. Well your analysis seems reasonable and you have given conclusion for each theory you have put forth. Its true that over the course of time things have gone wild really and this all the output of we people! We always manipulated how bitcoin looks like and thus course of history was changed dramatically. Like the technical use you talking about, we should have been promoting bitcoin as artwork of technology but what people and mostly government came to know that bitcoin can be used as black market currency, it is scam in many countries, and it can be used in the money laundering. Obviously if there are more negative sides of it (which are not) are being publicised then thats where everything is going wrong.

I dont think anything astounding will happen except the thing that we will be frightened to see that our most favourite currency is not numbered second in the market cap. The prices for two to three different currency would be almost the same, I mean it will be above 10K for top three currency and that would be an amazing choice for us. The process might just speed up in terms of selling of the bitcoin. This is because as always people will want to trust the coin which is at the first place. So naturally speaking rest of the altcoins will not be affected much. Only major changes will occur at the first position.

We can't do anything about it because that's how we made it look like. Off course human is best species considering the greed and want of money or what we can say something valuable. Thus they bitcoin as the best and easiest way to achieve it and finally here we are trading the shit out of bitcoin and making millions. (Well not me) but many others in the stories. 

Your chronological order is good one by the way but things could not have been so simple as you have depicted there. The bank collaboration will need huge regulations and strictest confidence to do it smoothly. It might have not been sorted by now. That's how politics works.

Lolz man you are a funny, how did it even come to your mind? Anyway in the broad perspective girls are really enjoying the bitcoin stuff in my country and they are smart at using it. There is no problem with gender here at all as they make progress in the technical field as well.  

My wife herself is enrolled into the bitcoin stuff long ago and it interest her a lot. She is good at crypto trading than me and even sometime I need to take advice of her for that purpose. Lolz. So I believe we should not make fun of woman as they are already doing great.

Lolz! Thats what makes me think that ICO are going to make us bankrupt soon enough. They are the one who are putting the shame on crypto currencies face. Off course why bank wont abuse the blockchain system if this continues in other way round. Failed 46% ICO is huge number as this means the money was almost equal robbed one from investors like us and it never circulated for the further developments. Thus, no development, no product and hence no launch of it for the selling and buying purpose. This explains how the chain failed further considering the economic circulation from investment to the product launch in the market.

This is good question and I am sure that it wont exist after one year time also. The thing has got messed up by the private investors on large scale and big companies know that they are enjoying the benefits of private investors as they invest more than enough into the ICO sale. In such case they dont need small investors like us. I mean why would they waste the time on small investors like us and why to waste the advertising funds on us. That is what they will think in the future for sure. The investment will be very strict one.   I mean if you could manage to get 5000 USD or more then good luck.

I join ICO's that require KYC because now a days that is the only thing which is keeping the ICO under tighter regulations. Why this one is important anyway? Well, this ensures that they are legit and if they someday run away with your money then you can actually legally take them down as they will also have registered themselves with regulatory bodies with their own KYS forms. Thus making you and the company completely open to trade and publicly available all the time. The previous ICO had chance to get away leaving behind just the company name and nothing else. So I believe I like the concept of sending my KYC to the KYS verified ICO.

Regulations have always been seen as restricting or limiting factor in the transactions. But I don't really believe in that one! The regulations for good purpose that might be 50% good for us and 50% for the advantages of the government such as keeping the records of all your transaction and later it can get caught into the taxation etc. But that is not important, whats important is the safety of our funds and we must know where the money is really going. If the money is going into right place which is kind of pre-verified by the regulatory authorities by KYC means then I think that is the best thing for the investors only. About the new start ups, I don't think that it will be problem at all, its just small upgrade with many advantages. Off course they are going to play in billions of dollars and they wont bother by few of the regulations. 

Oh this thing! Why not, they can do it if they want profits and that too hell lot of profits. Im not sure about the monopoly or stuff but they can bring the major change to crypto currency due to decentralised nature of the crypto currency. This is already known that those who have most of coins, for example, altcoin project where someone bought more than 10-20% coins at early bird stage! Such person can really hold big power as most of the ICO's do not end up selling the 100% coins and they burn the unsold coins too. Thus this % in later stage can become more than 30% for that particular person getting him huge power. Just imagine he selling all the coins at one moment can bring the market down. So yeah that possible I believe.

It is true that they have clearly stated about the crypto currency as illegal tender but they have also did not mention about it in all the wrong ways. They are concerned about the crypto currency but not about the block chain technology upon which they are being created. There is huge difference between these two. Teh use of crypto currency can be done in illegal activity like smuggling, black money laundering etc however, the block chain is different thing, its a technology and smart algorithm which can be used for the digitalisation of stuff around. India is going to focus on the application for same.



As I mentioned India will focus on the blockchain technology for they internal use thus supporting the idea of it. The crypto currency whether they will reconsider it or not is different thing and may need to overview once more in the future to see if they are working as legal tender or not. The gold is having physical application and the gold is taxed all the way through country so I dont think that it is illegal tender!

Yeah this one had got it completely right I believe. 

People when saw the crypto for the first time they were wondering what the hell this thing is and they asserted it to the value of USD. That was the very first mistake that happened in the past and for which we see the outcome as is today!

We were the one who made mistake when first sold out the pizza for 10k bitcoins and we were the one who made mistake making great story later on that how pizza boy made millions in few years who had sold the pizza for 10k. That was the shit thing happened and the blockchain's real thing got messed up, the whole idea got covered up and we only saw bitcoin as asset or store value.

There were only few people who understood the idea of blockchain and took the shot to develop it further. Otherwise we would have have never seen he bitcoin that we see today. Off course that is why we are struggling in the advancement of the bitcoin and any crypto service based on the blockchain.

Hopefully this will change as new people will see the hunger of its development.

What I can see from your post is that you are trying to resist yourself from doing the emotional trading but you are failing at it with some instances. Like, you started to enter into the crypto when the prices were very high and then thought that it will go up even further. But nothing like that happened you made mistake here :


You bought the BTC at alarming rate of 12K at what point most of us would just wait and do nothing. You should have followed your friends when they were selling at high and they bought everything back when it was low. That was nice move.

But also as you said you were in the loss and thats why you did not make any sell, was good move too. But never make entry at very high rates.

I do GPU mining too and what I learnt from the thing is, you need huge hash power if you want to be in the competition and want to earn some decent money. I started with GTX 570 and 9 of them were in place but gradually the difficulty started increasing and my income source was depleting badly after the electricity. Also, the mining might get struck with many problems, internet going down, electricity going down and much more unwanted problems. Each moment in the crypto  mining is very important as we loose money over the time!

So yeah I think getting upgrades for your mining would be great idea and I wouldn't hesitate to sell my car if I were you! Go for it and do update us what you plan to do. Good luck buddy!

There are many ways to be good person on this forum rather than just trying to get into signature campaigns and try to make as much post as you could. Lolz!

If you are skilled person and have anything to offer then you can do that on your own. Why this one? Because there are many profiles which I have seen recently getting green trust just because they were really helpful through their own services and they provided the quality service for long time thus earning the trust of many members.

So we should think above the certain level where forum is not just about the earning ranks or getting into various earning methods, it was never like this before. You could really offer something extensive in return with trust and thus good position amongst the others. 

Btctalk name : aoihs00
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Reapplying after the paused campaign. Hope to get accepted. Thanks.

Old people are more or less not aware of the bitcoin depending upon the demography that we talking about. I mean this depends on the demographic region because lets say we are taking about the oldies from the Western Hemisphere then you will most probably see developed countries and with that said they will have more knowledge about the use of Internet which is basic need for them to get started with bitcoin. Plus they are also very independent personnel as compared to the rest hemisphere people. The rest which includes asian countries where old people are coming from the era where they never saw the internet at all and thus lag behind the understanding of the whole thing or basic thing the is internet. We should start with that one first and then we can soda the awareness amongst the old people.

In the image below you can see how the usage of internet itself is varying from asian countries to developed countries.

So letting them know about the Bitcoin can vary according to this data because they must know how to use internet first.

Why do we need any competitors for the ETH if it is doing great by all itself. Lets juts invest into it and get the profits and enjoy our life guys! Why even start the thread to motivate the people to get some competitors for it. ETH has been the great challenger to everyone and hence there form no competitor for it in the first place.  

I know the things like we should know the competitors for the best result so that can stay one step ahead of them but come it doesn't work like that in the crept really. The ETH has maintained its prestige in very broad way and for the matter of facts ETH's characteristic and market can not be committed at this point.

There is no right or wrong answer for this question but looking at the current situation and the current bloodbath you only have two trusted options to invest into. Thats BTC and ETH. Yes, anyone could suggest me that I'm wrong but I don't think that looking at the current market we see any good option atm!!

If we try to visit any other market then it won't give us that sweet fruit which these two coins will give for the long run. One thing is clear that they are getting into competition to each other and thus making the clashes in their market cap. Its not happened yet but they seem to be very close to me and this will in the process can help rise the prices a lot. So choose wisely and study the market first.

Thats bad thing to know that now they have started to charge extra! Thank god I'm not using any credit card for my crypto currency transaction. Yup, I now believe you that this is merely an attempt to stop the use of the bitcoin or other crypto currency because these may not be able to handle the load of transaction that is generated via this way.

Or there could be the case that they are trying to get quick rich with this strategy. What I mean is simple, they know very well that people aint gonna stop buying the crypto currencies and thus they will keep using the credit card no matter what happens. So with that said, they have increased the fees now and enjoying the fortune to the highest level possible. Thats well played game I believe. 

If you guys go through that document in detailed manner then we will come to know that they are going to explore the advantages of the block chain which means they are going to use it. So the guy Jatley whose finance minister will be going to open the roadmap for the exploration. I also see that southern India has already adopted the block chain in proactive ways and they are having the tie ups with Swedish startup ChromaWay! That is actually more good news than bad I believe. This is major change but the whole idea seems to be going towards the positive direction only. I think its no need to panic.  But the effect of this news can be seen clearly on the todays market.