That's right. The market has become really one sided favoring only bitcoin since it has surged in price point ever since early November. I think it's simply due to the law of supply and demand. Right now, the demand that bitcoin commands really prompts a lot of people to shift their focus on it and only invest and trade using it, which continuously helping pump its value. In relation, many are also convinced that they should hold on their bitcoins due to the belief that the surge would continue on in their favor, where they would dispose their bitcoins off the first second the price surge halts. Unfortunately, that affects altcoins negatively because not so many people want to use it right now, and the less transactions happening with the use of altcoins, the lesser its value becomes.

I side with this reply. As much as it is good to take note that bitcoin's price right now can be a good asset to keep for future use, in this case, for your children's future expenses. No one could actually and really tell how the bitcoin market will unfold for when your children would need the stored bitcoins into cash. I mean the market landscape may change at any moment, and bitcoin, being it is volatile with its value changing every now and then, it would be so risky to blindly believe that it would continuously increase and that it would be a good investment for your children's future. I think it would be better to just convert it into money and just set up a trust fund or some sort of a life plan which includes education and other important aspects, which are more reliable and has proven its reliability long before the existence of bitcoin.

I agree. Unfortunately, that's how the market works, when something is of high value many people would want to have it, which increases the demand. On the other hand, not so many want to sell their holdings and part ways with it, which decreases the supply. This supply and demand changes affects the price, and as most can see right now, it is really affecting for bitcoin's price to continuously go up. I think there should be measures that must be done by developers of altcoins so that their coins won't be eaten up alive by bitcoin's surge. For now, many altcoins are on the verge of dying out because of what's happening and it is certainly affecting many users who hinge their earning with altcoins.

I think bitcoin has the capacity to insight and support that change in the market landscape you are talking about. It's value right now is soaring, plus the attention its getting from people is pretty much substantial to propel it to full recognition in the global market scene. As more and more people become interested with it, and more would actually invest or trade with it. Many countries and economies would follow suit and recognize it as a game changer in the this currency-based industry we have now.

I think your reaction during that time is warranted. Any person would be doubtful to risk his money in something that is just starting up and has no background and record to back its claim. Many people, especially now, regrets how they didn't go after bitcoins during the time when its value was small. However, you can't blame yourself because it's just a natural way of thinking to safeguard yourself from being scammed and from losing your money. Don't consider it a mistake, I think better consider it a learning experience, so that next time, you would not be defeated by your negativity in trying something even if it's just new with little view of success in sight.

I chose bitcoin because of its unlimited potential and its good market value. Nowadays, it's price point has been increasing that it commands so much attention and entices a lot of people to invest on it, therefore, that would equal to a better profitability and marketability that are essential aspects of choosing a good medium to invest in. Also, I think that its status as a pioneer is the key because it is the most widely known cryptocurrency around, thus it's not difficult to market and promote it. It is never bad to invest in something that has better chances of being successful.

I think I would side with this speculation better than any value in reply. Between 25k to 40k would be the better and more attainable value for next year. The 100k mark, would be too much, and may quite be impossible to be reached in just one years time following the trend that bitcoin took in the last several years. Also, even if it is exhibiting such rise now, there would come a time, maybe within the next years' first or second quarter that bitcoin prices would halt a little giving a chance for altcoins to rise a bit. Right now, bitcoin has been holding most altcoins at bay because of its surge, but it's just how the market plays. For now, it's with bitcoin's side, next time, it will be with altcoins.

I think this is not a new concept at all. Almost all governments are aware of the business and trends that could be profitable or is currently profitable in their local markets, therefore, it's not new that since bitcoin has been gaining much attention and value for the last several months or years, it would be inevitable for government to try to make it work for them through placing taxes over it or somehow restricting its use in that sense that people have to pay fees in order to use it wherein the proceeds would go to the government. Other countries are already drafting their own laws on how to regulate it in order to gain some use for it, since they have been seeing its continued rise.

I agree with this one. I think one of the characteristics of the cryptocurrency market is the fact that it is never always safe. One  can't be sure of the outcome of any trade or investment they make because there are so many market trends that may affect how the value or one coin, even bitcoin would be. I mean, you can take what's happening now as a good example, bitcoin has been playing between the 16k to 19k mark in the last few weeks, changing in value in mere seconds, that is a good example of how volatile it can be, which means, that if your planning to hold or sell is generally up to you depending on what you think is a successful profit.

Me too, I think preev is the most reliable and it's always up to date. However, I can't vouch for other sites because I have not used them, but I think there are many legit sites that post the closest and the most accurate information regarding its exchange value. Also, in many trading sites like coins.ph, you can actually see the current market trend and trading value of many different coins based on how much people sell it or buy it for. However, since the price of bitcoin is always changing, especially these days, the best way is to check on different sites regularly to compare to guide you in deciding on what to do with your coins.

Good point. Also, it's very difficult to compare these two assets because they are totally different from each other. It's like comparing a legend to a baby. Gold has been in circulation and has seen its value skyrocket ever since the first traders have seen how valuable it would become. On the other hand, bitcoin is just a sprout in its starting stages, and although it has been present for I think a decade or so, it would still undergo lots of changes that would shape how it will be in the future. The good evidence that it has yet to realize its potential is the fact that it's always changing in value as supposed to gold that has reached the peak of its potential with not so much change in value in the recent years.

Social media, especially nowadays, have always had a big and great impact with the lives of many. It's most people's way of sharing their opinions, feelings, and even their lives in general. It has been a platform for people to different tasks that has never been done before like earning money, spreading news and many other things. The thing about social media is it's like wildfire, once you click the button of your device, it can easily spread to the whole world, so it has become a good vehicle to share our thoughts. Unfortunately, some people use it negatively like spreading fake news or propaganda.

I agree. It's cheap, so people can easily deal with it better compared to bitcoin, especially right now that it commands a very high price point. Also, I think many altcoin developers are pumping their altcoins right now to counteract the negative effect of the current bitcoin surge. Many altcoins have died out and some are in a stand still and is not increasing in value any time soon due to the continued rise of bitcoin that gets so much attention in the market. I think it's a good thing to see changes like this because many people deal with altcoins more than bitcoins because it's cheaper, plus the fact that many ICOs repay services through it as well. Keeps the market alive, I think.

I support bitcoin totally, don't get me wrong, but I think that it won't become a national currency because those national currencies have been established in each country for a time now. It is not only based on value and other superficial aspects, but it is also based on history and how the country is known for. It is an identifier that is unique to one country, so bitcoin, which is available to all can't be somewhat owned by one country alone. Also, it would be better if every country has a hand in it and for it to keep its public character because it can reach more people and can be used by more people as well.

It does help a lot of people; however, when dating online, you should give more caution on the people you meet. I am not saying that most people who do it have hidden agendas or dark motives with the people they meet, but we can't discard the fact and reality that the person you are meeting is a stranger, even if you have been talking for a while, you can't actually say that you know such person just because of that. Also, many crimes have been consummated because of some people using the internet to lure probable victims, so it's never bad to be extra careful.

Thanks for sharing some useful and valuable information. I have spent a lot of time contemplating on starting to try my hand in trading. I am very nervous in the fact that I might make bad deals that would make me lose all the coins I have earned. Seeing posts like this, it helps my build not only my confidence but my stock knowledge that it is really possible to earn substantially with trading even if you're only starting with a small amount. Hopefully, it works out for me too.

For myself, I don't, but I can say that I am updated, but not on an everyday basis. Maybe two or three days interval, but sometimes, when the prices are going haywire, changing in mere seconds, I check it to update myself what's affecting such quick changes. However, I won't say it's bad to check it everyday, I mean, it can help you be updated, and it can dictate the moves you would do in order to make good deals whether your are trading or investing.

I agree. Right now, I consider it as a "part-time" job, where I can earn additional income, which I can use on my needs, since I got lots of them. Also, I think it is a game-changer in the aspect of trade and market, it can bring about so many changes that could make trading, investing and the like very easy to do with all the convenience in the world. It's also safer in the sense that you can deal while protecting your identity or privacy. I also see it as some sort of savings and investment because the more you learn the better opportunities open for you not just to earn but to have a thing of value in store whenever you need it.

Law of Supply and Demand, I guess. Right now, as the price of bitcoin is soaring and is following a path that seems to be non-stop, many people are shifting focus on bitcoin and investing at a very rapid rate just to ride the bitcoin wave. Who wouldn't be enticed with its price point, especially right now. Unfortunately, this affects the market trend, where it has been one-sided in favor of bitcoin, negatively affecting altcoins across the market. Since more and more are trying to get and keep bitcoins, the supply is decreasing with the demand continuously increasing.

Well, good point. Since bitcoin is supported and done online, it's transactions and what not. Only those who have a hold of any connecting device plus internet would be positively affected with the positive effects bitcoin carries. On the one hand, if a certain government would make it a point to teach people how to use it and the things it can bring them personally and also with the economics of one country, then more could be affected by it. Unfortunately, even up to now, many people and governments alike seem to think that bitcoin is still a fluke or a scam. More have yet to see what it can really do and its limitless potential.