Well, true enough, Bitcoin's legality or illegality is jurisdictional worldwide. It really depends on the State laws and local laws, in general. But just to correct some of the views and opinions here, Bitcoin is not illegal when the national laws are silent about it. It only means they sort of allow it through acquiescence because lawmakers may be at odds or undecided for the time being. But just be cautious because there are times the government issues Issuances or AOs to immediately address pressing concerns like this kind.

While it is promising to read and hear about people being so proactive in the process of propagating Bitcoin, it is with sad news that it is not gaining much popularity to date maybe due to the suffering of its price since its peak in December 2017. I hope it can maintain a sense of stability at a certain level so it would attract investors to pour in money this time around. Having said this, admittedly, Bitcoin only gained its moment when it soared to almost $20,000. The only way to keep people gambling is to sway them into belief that something BIG is going to happen.

This is good news! At least there is another huge company who come to believe the power of cryptocurrencies. I honestly believe that time will come almost everything will be digital, and with this, owning cryptocurrencies would be all the more beneficial specially when it comes to price. Imagine ever pioneering this and having garnered the highest of highs in 2017- this presupposes you have utilized what you have earned through the years. Nevertheless, I remain hopeful that Bitcoin recovers in the remaining quarter of 2018.

Truly, to think that Bitcoin and all other cryptocurrencies rooted from scratch. Hence, I think with the power of word of mouth, forums and all other social media outlets, Bitcoin grows everyday. We have to remember that almost all governments worldwide suppress the prevalence of cryptocurrencies because they suppose it as a direct threat to their national currencies. That is why I believe 95% of the popularity of Bitcoin today may be attributed to the people who discuss about it whether it is online or offline or outside the bounds of the world wide web.     

I agree- we can only HODL for so long. Even though others say we really do not lose anything as these are merely paper losses, we still lose somehow brought about by time and missed opportunities. Especially when you know you could have used the money you have invested here into something more income-generating.

I believe that to be really accepted in the market, cryptos should have the ability to stay as it is or boost even higher although the people who are into it may either be HODLING or selling, in which case, it is mimicking the strength of traditional currencies. This scenario will make it even more popular to those who have not encountered cryptocurrencies yet as of writing.

I honestly do not know where cryptocurrencies are heading five years from now because I do not see a huge acceptance of it as a whole. It has remained quite stagnant although its values are tempting to some economic brackets. I guess its being decentralized is one reason huge investors do not really gamble on it. What we see now is due to the influx of middle classes who try their luck in investing onto something they think will give them their money's worth. They are otherwise the economy of the crypto market.

I agree. The argument is clearly untenable. Nobody is forced to join or hop in in Bitcoin or in any other cryptocurrencies. Hence, we cannot compare Bitcoin to that of the taxes collected to us by our respective governments.

How can you say Bitcoin is tax when it isn't even compulsory in the first place? Tax is due the governments, just for emphasis.

I have been carefully studying how Bitcoin's market progresses or retrogresses, and somehow I see trends. Just my two cents- I think the cryptocurrency market mimics that of traditional fiat currencies, only that its value is very much unstable to the point of causing shocks to investors due to skyrocketing profits or massive losses with just a blink of an eye. The reason for which is pretty clear, though. We all ought to know that the cryptocurrency market is still decentralized to date. With all these, it is truly a gamble with its own pros and cons.

This is what is true- large companies and even governments are after the blockchain technology irrespective if they are for Bitcoin or not- because they see the potential it has especially in the future. I also think this is the reason they let Bitcoin for the moment sans laws that directly address it mainly because they are studying how it goes- its strengths and weaknesses. I am hoping this is all for the better- both to Bitcoin and to the blockchain technology- and not to ditch Bitcoin all at once when they perfected the latter. Otherwise, Bitcoin will die the natural death in the limelight of the blockchain technology.

This is a great news in Asia. It is amazing to start something new in the said horizon where it is initially thought of being less susceptible to adaptation brought about by cultural conservatism. I hope when this happens, governments too will promulgate rules and regulations for the protection of all cryptocurrency investors. This way, people will be enticed with such market thereby helping economy bloom, in general. Governments should not just be interested at the gains they get from crypto investors through correlative taxation but they should be more cautious about protecting them from fraudulent transactions and whatnot. This way, governments can be certain that there will be more people who will invest in cryptos and eventually, governments, too, will gain more collectibles through taxation. From here we can perceive a win-win situation.

Well probably, yes. Have you heard of the saying, "I love you but I love me more"? That is business. They are out to protect themselves, and if needed, they will expose each and every one just so they could secure their business interests. And this happens even if you are their biggest client. Who are you as compared to the government, by the way? So that is how it goes. In the US, most especially, the government would use all its power to ensure laws are faithfully executed and religiously followed by those who sojourn within the US territory. Hence, do not be shocked if later you find out you are exposed in regard your gains.

I do not think there is a hard-and-fast rule when it comes to how much USD you need in order to trade. At best, it is YOU who should know how much money you are willing to lose. You should do the math, and not rely on others no matter how experienced the latter are in the field of trading. Also when computing how much you will shell out, make sure there is enough left for you for your daily sustenance. Do not let your hands get empty just because you jumped into an investment. Make sure you only walk little by little. Success stories will teach you perseverance and patience along the journey, so please, do not bet your all in it- no matter how certain you are to earn.

I do not know if this situation as have happened in the early quarter of 2018 can still be characterized as a correction because its value up to now- nearly in the middle of the second quarter- is still at a low. I am hoping things will flourish even more, and will even surpass what Bitcoin reached in the last quarter of 2017. What happened in the market today is beyond what I expected, especially when the value of Bitcoin bottomed to only about $6,000. It is so frightening that it have not even reached a double digit for months. Anyway, for the record, the best times for Bitcoin happens near tail-end. Hence, I will remain steadfast in this feat.

Primarily because it is the pioneer of the blockchain technology, and the world sees through the benefit of the latter even sans Bitcoin per se. Now, what I see is happening is that people use the price of Bitcoin as an edge among other competing cryptocurrencies. (You have to admit at some point that its price is really enticing especially to people who are aggressive in terms of investing.) Hence, if you are not an aggressive risk-taker, this business is not for you. And if you are, you will greatly benefit with the unpredictable highs in the market.  

The market going abruptly up and down has always been the case with cryptocurrencies- meaning, it is not unique to Ethereum alone. It has always been the trend, and hence, nothing really is shocking to the senses. If you come to think of it, majority of investors are even here because they benefit from it. The latter statement is true because when the market skyrockets, investors' money multiplies in insurmountable value which is impossible to achieve in a short span of time. Now comes people complaining as to why its value declines so fast and every so often nowadays, why haven't they thought of that when situations were otherwise? Right? So you see, we clearly only want the positive aspect of it yet we complain of how it is when the downside of it strikes. To me, such attitude is not appealing in terms of investments.

I think Bitcoin owes its popularity to the media because it is being used by the people to communicate their thoughts onto it. It is like the vehicle that helps transport where Bitcoin is today. These write ups need not come from experienced writers by profession but need only to be talked about by people randomly until it gets a fan base or what is termed as "trending". By all means then, it is safe to say that anyone can make Bitcoin as popular as it is today provided you get a good number of people who follows you, likes your posts, shares your posts or everything else all at once. Hence, we cannot shrug off the fact that it indeed determines how well Bitcoin will do in the future. But looking as it is today, there are too much negative write ups about Bitcoin. Anyway, as they say, good or bad, publicity is still publicity.

Exactly. This is what I have observed since Bitcoin made its debut upon reaching its ultimate peak in 2017. Governments did not really bother having cryptocurrencies before said peak. It was only when news broke last year that a huge number of people have been earning through cryptocurrencies. Hence, of course, governments are interested with anything that is income-generating because it, in turn, give them good money through taxation. Any other factors incidental to it such as the rising criminality are merely indirect considerations for sure that are made to appear as if it they are its primal concern. You know, governments have to make it appear they have legitimate and compelling reasons before everyone else. Now, I am surmising they will think of other ways to ensure they are put in a good spot no matter what it takes.

I think it is inaccurate to say we 'need' to gamble. Gambling is not a need but a choice people consciously make just because they want to. It is not like as if it is a job or employment that ideally provides for ones daily needs but is a game of chance whereby people hope to earn easy money for whatever it is worth and for whatever reason. Let us not make the mistake that there is a dire need for us to gamble because it is leading people to venture into it when it should not be, especially when the same is prohibited by some governments. 

I understand where the Iranian government is coming from by virtue of its sovereign powers through its police power. However, to be killed just because of conducting trading or exchanges with foreign currencies is outright unbearable in this day and age. Gone are the days whereby people kill just because what the legitimate authority wants are not obeyed. There should be better ways to address such issues rather than resort to killing people right there and then. Anyway, I know what I am saying has no bearing to how its government will act on the matter; nevertheless, I trust that it is their government that knows better on how to handle matters like these. Surely said government only have for it the best interest of its people. Anyhow, since there will be increase usage of cryptocurrencies thereby increase in the latter's demand, I am hoping for better prices ahead!

I do not think it is a good basis for people to sell their Bitcoin if the price is HIGH because such is highly subjective- what is high for you may not be high for me. Also, while it is good to presume that investors have a fair understanding on what is a high price from a low price, I do not think knowing such per se is already a good indicator to sell. Sometimes, rather, more often than not, it is best to know how much money you have invested and take into consideration the inflation rate with reference to return of investment AND return on investment. With this, you have to keep abreast how the USD is doing for you to have a benchmark on how much you have earned or lost in the process. The latter statement serves only as a guide but is NOT determinative of the value of your Bitcoin wealth since we all should know how rapidly fluctuating the value of Bitcoin is.