The price in cryptocurrency market price is a cycle of up and down movement and there are many factors that turn this cycle into a positive or negative trend. Negative news like government crackdowns, imposing strict regulations, hacks on exchanges and spreading FUDs will surely bring down the price of some cryptocurrency like bitcoin. Some price rebound might also temporarily stopped by another bad news but the momentum is still there and you only to wait for it to bounce back.

Educate yourself first on how the cryptocurrency works not only in this forum but also by researching and reading many related articles in the web. Read also the rules and regulations in this forum and follow all of them if you want to work effectively. Learn and practice on how to make constructive posts that can earn you merits in the future. Fill your brain with enough knowledge on cryptocurrencies and other related ideas to make yourself prepared in answering any topics in this forum.

USA will not likely ban bitcoin and other cryptocurrency but might impose some stricter regulations in the future. Some states are also welcoming the cryptocurrency with regulation hoping to stop or limit what they called illegal coin offering and to prevent use of bitcoin in illegal activities. China and India might eventually put the cryptocurrencies into regulation and taxation just like what the previous countries have done before.

By July this current year, cryptocurrencies in Russia will be legalized under a regulatory package called Digital Assets Regulation Bill. This is another legalization under a regulation and many of the countries that legalized bitcoin falls under this method, others combines regulation and taxation. This is nothing new but other countries will surely follow this kind of cryptocurrency management in the years to come.

If they are interested and willing to learn more then I'm going to teach them and even encourage them to invest in cryptocurrencies. Encouraging someone to invest in cryptocurrency without educating them basically is not a good idea because if they invested and lost later, you will going to get the blame and they might even accuse you of bieng a scammer.

Bitcoin price as of this time, fell below the $10000 mark again and some altcoins are also been badly affected after SEC announces that it will require cryptocurrency exchanges to register with the agency. A possible phishing problem with one of the largest cryptocurrency exchanges could also affected bitcoin and altcoin price performance. With this development, it is time again to buy altcoins because they are now cheaper than before.

Right now, the price of the bitcoin suffered another correction again after some negative news that broke out earlier and some of the traders sold most of their coin in a hurry. Panic selling will only lead traders to more losses in the future if they continue repeating this of behavior. In the midst of price fall, try to remain calm because it won't last long and will recover again after few days. Most of these are healthy corrections intensified only by a string of bad news,FUD and some panicked new investors.

Bitcoin, like the fiat, is a currency that can be use by any terror groups to finance their terroristic activities in any part of the world. There are already some recent reports in the media that a certain terror group solicited support in bitcoin to fund their organization. This is one of the reasons why some countries are still reluctant to allow the use of bitcoin and other cryptocurrencies in their area. Other countries are opted for regulations to monitor the flow of bitcoin and prevent it from falling into the hands of lawless elements.

These two bad traits, impatient and ignorant has no place in trading. Get rid of these bad traits first, try to discipline yourself and educate more on how to trade effectively. Uncertainty and volatility can make a trader lost his cool but patience and self discipline is needed to achieve success in trading.

I'm still looking for some solid altcoins to be my top 5 alts for this year but many of them have the potential to make a significant growth this year. I'm already holding ethereum, ripple and litecoin for long term and I might add some coins later like neo and cardano. Neo is considered by some coin analysts as ethereum of China because they both use smart contracts feature.

The steady growth of some bitcoin-related businesses and investors are some of the reasons why the demands for bitcoin continue to rise. Business like international money transfers and cryptocurrency exchanges are getting popular these days and many people are increasingly using these exchanges to buy or convert their bitcoin into fiat. As the demand for bitcoin continue to rise, its price will also continue to seek new all-time highs level in the future.

Banks are getting outdated with the use of cryptocurrencies and blockchain technology. They must evolve soon and adopt blockchain so they can catch up with rapid changing technologies of the future. Presently, some banks started to develop their own kind of cryptocurrency and other supported ripple, a kind of coin that is said to bethe fastest and most scalable asset that enables real time global payment anywhere in the world. Ripple is best suited for bank purposes as it offers banks and payment providers a reliable, on-demand option to source liquidity for cross border payments. So blockchain will not kill traditional banking but it will modernize it instead if the bank will adopt the technology of the future.

The next decade might be the altcoin era because more quality coins will be developed and at that time bitcoin might replace by one of them in term of ranking. This present decade is already a bitcoin era that would possibly last up to 2021. The next decade could also a blockchain-based technology era because majority of the businesses and technologies has already adopted it. There will be also a widespread adoption of some cryptocurrencies like ethereum, ripple, and other well-known coins.

The use and transactions of bitcoin and other cryptocurrencies in Nepal is not allowed or illegal according to their own central bank. This is a reason why the Nepal authorities arrested some people who trades bitcoin. Nepal might also seek to impose a strict regulations on cryptocurrencies before allowing their citizens  to buy or trade bitcoin. Many countries in Asia are also planning to create a law that could effectively regulates and tax cryptocurrencies in their area.

Don't expect any good comments or reviews from the banks because almost all them are against cryptocurrencies. Banks are one of the reasons why bitcoin or the cryptocurrencies are developed. As we all know, bitcoin allow people to trade directly with each other without the need for any middleman or bank. With cryptocurrencies, it make banks an obsolete method for any currency transactions and they are not happy about it.

Both ethereum and neo have the same similarity, they are high profile coins and they are also blockchain-based and specifically designed to host smart contracts, DApps and ICOs in a decentralized concept. Ethereum is leading the way while neo is slowly inching up and since it is comes from China, it will have a big home market in the future. Both coins are also safe to use for long term investment. Other coins that is safe for investment are bitcoin, litecoin, ripple and monero.

In Japan, bitcoin is recognized as a legal tender and some well known Japanese businessmen started accepting bitcoin payment and a business owner even suggested that he might pay part of his employes' salary in bitcoin if they wish. Japan is already known to have use bitcoin for their general use of while other countries are still looking for some ways on how to legalized the use of cryptocurrencies in their area. Many governments don't really like the idea of allowing a decentralized currency in their economy because they have no control on it. The only way to allow such kind of decentralized currencies is by imposing a regulation so they can monitor and control the flow of the cryptomoney.

I don't think it really safe, giving your passport information to any group, because if this fall into the hands of wrong person they might use it illegally. There are some ICOs that really requires passport identification but it is risky especially if that ICO turn to scam or their site is being hacked and all information are taken by hackers. Passport contains some valuable information and you should be extra cautious when a  online site requires your passport for online verification.

If holding worked in many big investors like Warren Buffet then it will also work for those who hold their bitcoin for long term. Making a big profit from long term investing is already proven by many known bitcoin investors like the Winklevoss twins. Holding is less risky than trading but you have wait for the bitcoin price to go up before you gain profit. If you encounter a massive correction in the days ahead, just continue holding and avoid panic-selling because bitcoin will surely recover again.

That time will eventually arrive but as of now, converting bitcoin into fiat is still use by majority of the crypto holders when they are going to encash their profits. The so-called cashless society when cash is no longer use will not be materialize until all required technologies are in place and the bitcoin adoption into the mainstreams is complete.