I think there are more ways to get rich with bitcoin, it does not have to be connected directly to the coin.
For example, bitcoin has gathered a big community. Many people here will like to have some real things with the bitcoin logo printed on it.
Maybe T-shirts, stickers or coffee mugs. When you are one of the first people in your country who offer somthing like that, I am sure you can make a lot of money.

China was some kind of motor for Bitcoin during the last years.
Unfortunatelly many people in China used it to bring money out of the country, and the government there did not like that.
So chinese government made it harder to work with bitcoin and put up some regulations.
And those regulations the motor, that causes the bad news.

Then you have to keep in mind that in certain time intervalls intentionally rumors were created to bring the price down in order to get cheap coins.
Those rumors work best if they are about troubles in the most important bitcoin country.

I would say that bitcoin will be bouncing between 10K and 15K for the next few months.
People still remember the fall down from 20K so they will sell faster once the price goes up.
So I don't think we will see the 20K level fall within the next six months. Maybe at the end of the year, but that is a pure guess.

Nothing is really secure.
And regarding bitcoin, the factor that causes the biggest amount of insecurity is the person who handels it.
There are many mistakes a person can make. Lose the keys, corrupt the computer, make wrong transactions.
Then there is as well the chance that bitcoin decreses in its value.
But from a technical point of view, I think that the code behind bitcoin is very solid.

Hm... that would mean that 3 billion people can use a computer.
I think that this number is high enough to ensure the existence of bitcoin for many years.
And the missing 60%, that number is going to decrease the coming years!
Sounds all like a promising future for bitcoin to me!

I see it in a similar way. A currency that is based on anonymity of the involved parties will not be very benificial when it comes to preventing corruption.
But ther are many things people can use when it comes to forms of payment in currupt businesses. Cash, gold, the list is very long.
In general I would say that a huge number of people profit legally from bitcoin. Against them stands only a very small number of people who would do illegal activities with it.

I do not think we will see the 20K so fast again.
Most people have seen how fast it can go down from 20K to 10K again, and I suppose that will stick in peoples mind for a while.
I can imagine that a new trend up will start, but people will be more careful this time. Reching a level of 20K I don't know if we will see it happen again this year.

That is really the only thing that I can read out of the charts at the moment: The rapid downtren has stopped, at least for now.
But it's really too early to say in what direction we will be heading the coming weeks.
Just three days ago we were approaching to levels of about 9K.
Bitcoin is a fast living business, now more than ever.

People are interested in crypto currencies because they offer certain benefits to them.
The possibilites to create an own business, anonymous transactions, or they use them as a form of investment.
If one currency falls out, another one will take its place.
In order to make crypto currencies uninteresting to people, you would have to remove those benefits. From all the currencies existing.
I see no realistic way how that could happen.

I think long term holders (like me), are necessary.
The coins they buy are not circulating anymore, and that increases the price of the rest of the coins.
Without long term holders I do not think we would see the price we have today.
I suppose the average long term holder does not own many coins, but there are a lot of hodlers out there. Together they cover many coins.
So their role is very important.

I think as well that bitcoin can help to reduce unemployment.
Many new businesses have started that deal with bitcoin in a certain way.
There are many possibilities to get a job in one of those.
Or somebody might even start his own business.

By the way, I think as well that bitcoin does not destroy any jobs, not even in banks.
The banks will stay the way they are, people there get fired due to digitalisation, not because of bitcoin.

The media want to earn money, just like everybody else.
In general bad news sell better than good news. And they stay longer in the mind of the people.
I have once read an article in which a scientist explained that this is some kind of evolutionary thing.
So I think what media do is to earn as much as they can. And for them that means to point out the negative sides of everything.

When a person wins in a lottery, there is no knowledge necessary. It's the same when a heritage is made.
Becoming rich with bitcoin, I think it's different.
Those who got rich saw the potential bitcoin brings very early. They were brave enough to deal with bitcoin in the early days. And now they are rewarded!
To me this all is a very fair process!

The two most important things when you deal with crypto currencies are knowledge and common sense.
Knowledge helps to earn money. Maybe with coding or graphics or just a signature campaign. Money is not really needed for these things.
And the common sense helps you to keep the money.
There are many ways to lose money in the crypto world, and a lot of them can be avoided just by using some common sense.
My advice: Don't bee too greedy, don't be naive!

Nobody is able to predict what will be happening in twenty years.
There are so many variables, regulative measures by the governments for example.
Or the competition of other crypto currencies. Maybe people even lose interest in bitcoin.
The price can go beyond the moon or crumble to levels of 2009.
Even the predictions that reach only to the end of this year vary from complete crash up to 100K.

Dip or no dip, that is always the tricky question.
Nobody can tell the future but I am simply hoping that what we have seen the last days might have been the bottom of the bitcoin price.
Many of the weak hands have folded, who ever is still here is here to stay and will not sell so easily.
That leaves the conclusion that the supply on the market might be reduced again cause it moved from weaker to stronger hands.

I think that too much money went into small coins.
When people started to realize that their value is somewhere close to zero, they tried to rescue what they could.
A lot of money left the crypto currency field, and that brought down the price of the big currencies as well.
If you combine that with the permanent rumors of bitcoin being banned or regulated in certain countries, you have a wave of fear that leads to the effects we have seen.

From what we have seen in the past few weeks, bitcoin is really very volatile at the moment.
It can go down again, but if it does, it will bounce back as well.
What exactly triggers this movements, I am sure nobody really knows.
To my guess it's a mixture of rumors and some guys with deep pockets buying and selling.
Those two conditions sometimes meet each other, and then we see bigger events at the market as usual.

I don't think that banks have a problem if people take money from their account and invest it in bitcoins.
But what could become a problem for banks is when people take a loan from the bank, but that money in crypto currencies and lose it this way.
The mortgage crisis started in a similar way. Too many people got money they could not pay back.
Of course it would bethe obligation of the bank to look carfully if the person asking for a loan should be granted one.

Keeping things you own, there is no greed in that.
Greed would be to maximise the number of bitcoins you own actively in the most possible way.
But by simple holding, you just go along with the market, nothing more. You participate in every up, but also in every down movement.