The price of the bitcoin goes up in respond to the positive feedback coming from the ongoing G20 summit for cryptocurrencies that there will be no regulation for the virtual currencies. But some member countries like Japan might insist on discussing the need of combined regulation to combat the use of cryptocurrencies in money laundering and other illegal activities. Report also says that the general feeling among the members of G20 is that applying the stringent regulation won't also be good. I believe that the aim this current G20 summit for cryptocurrencies is to create a unified regulation to address the problems of illicit activities using the virtual currencies

Almost everyone that deals with the bitcoin and other cryptocurrencies has their own predictions for the major virtual currency. The price predictions range from $20k to $100k for the last quarter of this year. Others are predicted that bitcoin will reach $11500 to
415k in the middle of this year. Bitcoin price is really unpredictable and it is not like stock market which is more stable. It also hard to predict something that fluctuates rapidly like bitcoin and other cryptocurrencies but if you know how to trade, you can always use technical analysis for your own prediction.

I've been a hodler since day one because I believe in that kind of strategy: to hold a coin till it reach a profitable level. I've been also trying to trade but there still not enough time to do the trading so I'll gonna wait for the right time to trade. Being a long time hodler, you must stay calm during a sharp decrease of prices on the coins you are holding and panic selling should have no place for any hodler.

That is the best way and effective to do during crash or massive correction. If you are already an experienced cryptocurrency investor, trader or holder then you already that this dip is temporary and the market will bounce back again. This cycle of crashing down and bouncing up is just natural occurrence in the cryptocurrency world. Being a panicky holder will not help you to gain the profits you are looking for, just stay calm and keep your coins on hold until they bounce back.

It is far from over, in fact, the cryptocurrency age is just getting started. The drops in the market are just temporary but if you are just like a beginner who don't research the market at all then you better quit now before its over in accordance to your belief or opinion. FUDs are everywhere and this is one of the negative factors that affects the price of cryptocurrencies. Majority of FUD news comes from media and they should be more responsible about what they report on cryptocurrencies by examining their sources of information. A lot of these informations might come from some unreliable or unverified sources which aims only to spread FUD in the cryptocurrency community.

Not losing hope on ripple I prefer to hold it until its price recovers. Ripple is still one of the top cryptocurrencies with potential to grow more in the future. Most of the cryptocurrencies at this moment are down including bitcoin so it is naturally a holding time till they bounce back. I believe that the demand for ripple is still going up as  many banks and other merchants are planning to adopt it soon.

One of the stable and most widely used cryptocurrency, Ethereum is always a good investment particularly for long term. There are some future projects lined up for ethereum and it will continue to grow only on value but in the number of Dapps that are built on its platform. Being decentralized platforms that runs smart contract, expect more apps to built under an ethereum platform in the future. This will strengthened its position as one of the most promising altcoin to watch.

I rarely join airdrops because of many phising sites and scams that associated with it. Every airdrop should be research or examine before filing the application. Many tokens are already lost because of some airdrops that turned out to be a phising site. Always look for a legitimate airdrop and try to create a separate wallet and email that will use exclusively for airdrop only for your own security.

Bitcoin users have their own reasons why they convert their coins into dollar or any kind of fiat. It might be for another investment or  they need some cash. I only convert some bitcoin for emergency purposes or when I ran out of available cash but it doesn't mean that I didn't value it. Bitcoin is a virtual currency that created mainly for payment purposes so anytime we can use it to buy products that we need or pay a bill and at the same time we can also use it in investment or in trading.

It is a one of the valuable technological innovation for digital payment and the world's first decentralized digital currency. The importance of bitcoin lies on the technology that makes it work, the blockchain technology. Blockchain technology paved the way for the creation of decentralized currency that can make any online transaction easier and safer before. Bitcoin's bypassing government control over currency is one of the most important innovation ever made, it enables anyone to freely move the virtual currency without having to pass through a third party.

Some countries had a strong stance against bitcoin and other cryptocurrencies and they no plans to allow in their own territory in the near future. Other nations gave in but imposed regulation on cryptocurrency exchanges and taxation on bitcoin transactions. There are also countries that banned bitcoin but they created their own cryptocurrency. With developments, I think it is impossible for the bitcoin to become legal in all the countries in the next several years.

Bitcoin is here to stay so i will stay with this virtual coin also because it have still more potential growth in the future. Bitcoin is getting popular around the world and demand continuous to grow. Mass adoption might also possible in the future with many merchants planning to use the leading cryptocurrency for transaction and payment.

Before investing in cryptocurrencies, you have to fully educate yourself first by gathering all the necessary information. Those so called weak hands are investors who are unprepared and lack the needed knowledge in dealing their cryptocurrency investments. They easily give in to panic selling when price crashing down without realizing that it will bounce back again in the future. Crypto investors must have also an effective mindset to become successful in the future.

There are already predictions made in the past but bitcoin continue to survive after passing some massive corrections or price crashes. I think only time can tell when will the bitcoin era ends, if that era end what will happen to the altcoins? Maybe to be able to predict the future of the bitcoin and others, we have to predict our future first. If our prediction for our future comes true, then we can able to predict the future of the others.

Many people that showed interest in cryptocurrencies here in my country are still young and majority of them are in the social media. I also came to know bitcoin through facebook when one of my FB friend introduced it to me. There is still no studies conducted in my country but I know that interest in cryptocurrency continuous to grow because of numerous inquiries in our own social media groups.

This price drop is only temporary, bitcoin's price will bounce back again next time when factors will become favorable. Worrying will not help you gain profits and instead it will make matter worse until you can't control it anymore. The result of uncontrolled worrying in bitcoin investment is panic selling. There are many price droPs that happened during the past several years and yet bitcoin managed to come back strong and even made some all-time highs.

The price of bitcoin goes down again below the $10000 level due to some negative news and FUD. But some investors have been looking for the price of bitcoin to go down more so they can be able to buy it cheaply. Bitcoin is known for its resiliency and always stage a recovery even after a massive dip so buying it below a $10k is a good choice of investment. You only need patience if you going to put your bitcoin in long term hold and when price fall further, avoid being overcome by emotions that would result in panic selling.

Some countries have already launched their own cryptocurrencies and more will be joining in the future. Cryptocurrencies are traditionally decentralized and not even the government's central bank can control it but this is also one of the reasons why some governments wants to create own virtual coin. Some central banks thinks that they would also benefit from creating their own cryptocurrency because it impossible to counterfeit because it is cryptographically secured and can't be copied.

Germany proves itself as the bitcoin capital of Europe by allowing bitcoin as legal currency for trading and tax purposes and it said to be a one step closer by declaring it a unit of account. Many people also hopes that the German government will not interfere  with it success referring to a possible taxation and regulation. But some reports says that Germany's ruling opens the way for officials to collect tax on commercial profits made through bitcoin transactions.

Long before i joined this forum, one of my social media friend convinced me to buy bitcoin and then invest it to some online investments which at that time proliferated the social media particularly facebook. This investment schemes turned out to be scams and a lot of netizens are being victimized. Some of this online investment schemes like HYIP, double your money/bitcoin and fake trading sites are still active and many people are still being lured to invest in this kind of investment.