The condition is not always favorable to buy and sell bitcoin. There are times that you really need to observe first before you make a move, cause who knows if its going to be successful or not. In time you will learn that its not always the right time.

This is one of the best simple advices that I've red so far. You see its hard to convince someone to trust you just by reading your advices or others, but this is all true. Its cyclical. don't have to worry too much cause in here the longer you hold the more you gain.

Technically yes, it will take years before Bitcoin become a global currency, but come to think of it? It Is globally known by all, using it and making it a part of their everyday lives. That somehow make like a Global currency.

I will tell and show it in a simple way. I will tell and show them the benefits of our hardwork, how worthy it is after the bounty campaign. I'm not saying that its always like that, what am I saying is "try", you'll know the feeling and satisfaction after the hardwork.

Since then, regulating Bitcoin is one of the biggest demand of investors. Maybe because we will benefit if that happens, we will have a balanced and legal system and a more open but protected policy. On the other, its fine if Bitcoin will not be regulated since it will still work, but it more better if it does.

To be honest, my marketing strategy is not difficult to do. I do buy low and sell high, waiting for the right time to reach the goal of the money. But before I invest I critically analysed, read all the details since the last thing you want is to lose your money.

I definitely agree with your advice/suggestion, its hard to revive it so there's only two options, either you stop bitcoin or move on and try again but be more careful and with patience and hard work.

Yes since we all know that bitcoin is King of cryptocurrency and the leading of them all. But if that happens the market will fall down big time but will not die, since we have other coins like Etherium. And later on we can re-birth again bitcoin.

Bitcoin was the first to overcome the problems of centralization. Earlier forms of currency had used a centralised checking system much like banks in order to verify transactions and over come the double spend issue. However centralization within digital currency exposes the currency to attacks from hackers, and make it reliant upon its parent company.

he possibilities for a decentralised currency are many. At Bitspark we utilize blockchain technology to provide faster and cheaper remittances in fiat. Providing these currency services has already widened the renown of Bitcoin, exemplifying how useful crypto can be.

https://steemit.com/bitspark/@bitspark/why-is-bitcoin-making-the-world-go-crazy

I will not disagree since you really have a point there. Though I just want to say that, everything has its own prons and cons so does bitcoin. So if this "anonymity" can kill bitcoin, bitcoin can also survive from it.

I just think that it will be okay soon since that's the nature of bitcoin. And always be optimistic when it comes to an investment like this since no can predict the future, just better be confident in bitcoin.

Bitcoin has no such safety net. If your Bitcoins are lost or stolen, there's no intermediary with the power to make you whole. There are two basic ways to hold Bitcoins. You can participate in the Bitcoin network yourself, storing the keys to your Bitcoins in a wallet stored on your hard drive. Not againts it but just giving you guys a warning.

https://www.forbes.com/sites/timothylee/2013/04/03/four-reason-you-shouldnt-buy-bitcoins/#6e67d67dcd63

Original question: “Why do countries ban cryptocurrency?”

Cryptocurrencies across the market are plunging because users all around the world fear that trading cryptocurrencies could be banned. The last country that announced a possible ban is South Korea. Officials stated that trading cryptocurrencies could be banned entirely, or at the very least it would be regulated.

This fall affects all cryptocurrencies, not only Bitcoin, which, as the best performing cryptocurrency, has dropped by more than 15%.

South Korea isn’t the first country to ban cryptocurrencies. Last year, countries as Vietnam, China, Bolivia, Ecuador, Kyrgyzstan, Saudi Arabia, Bangladesh and North Korea did the same.

What are the main reasons banks and governments in these countries ban cryptocurrencies?

There are two big groups of reasons – one group of reasons is officially stated by almost every aforementioned country: cryptocurrencies are banned because of security issues. The other group of reasons are usually not stated officially but is largely implied. It is directly associated with cryptocurrencies being decentralized: cryptocurrencies allow people to trade directly with each other (peer to peer), cutting out the need for a middleman, which traditionally is a bank.

Security and protection
Using cryptocurrencies has its dark side. Just a couple of days ago, police in South Korea raided the offices of two of the country’s largest cryptocurrency exchanges on suspicions of tax evasion.
The anonymous nature of cryptocurrencies means that it can be used for illegal transactions - such as buying and selling drugs or weaponry. According to central bank officials, cryptocurrencies can also be used for money laundering or terrorism. The case of NHS this year shows that cryptocurrencies allow hackers to request ransom payments and stay anonymous.
Banks generally charge fees for doing absolutely anything that includes money, even when they just hold onto it. Banks have created a high level of trust that your transactions will pass smoothly. But, after the financial crisis in 2008, banks lost some of that trust.

Using blockchain as a digital network, where every single transaction (called a block) is securely linked together makes transactions verifiable, available to everyone and is more immune to hacking than centralized banks. This makes banks totally unnecessary for transactions. This is what motivates them to ban cryptocurrencies altogether.

Virtual currencies are self-governed, meaning they are not controlled by any government, person or a central authority. This makes monitoring almost impossible and poses a threat for government authorities (this was especially true for China).

Finally, using cryptocurrencies is posing a threat to the stability of the national currency in some countries (Indonesia).
It is important to stress that banning cryptocurrencies will only create black markets. They can be declared illegal but it will have no effect on the use of cryptocurrencies due to their decentralized nature. To kill cryptocurrencies altogether, all governments from all over the world would have to ban them.

https://www.quora.com/Why-are-countries-banning-crypto-currencies

Yes you have a point, but why would you ignore something that makes your life better and easier? How can we make the world a better one if someone like you is always on the negative side? If you want to ignore, just do. We don't need you here.

Its not like something required or necessary, its just that Bitcoin or cryptocurrency will spread faster without violating any of the country's rule/law. It is also an advantage for bitcoin, if it demands to be a fiat currency.

• The current problem with cryptocurrency is that its price is very unpredictable. Today the price is high the tomorrow it’s down. Due to this investors are scared to invest because they cannot predict how the market will behave. Even with Bitcoin having been working well you cannot still term it stable.
• The talk of Ponzi scheme has existed for some time. I personally don’t think Bitcoin is a Ponzi scheme and even putting it in the same sentence with the word Ponzi looks like an insult. This is because all major futures companies like CBOE and CME are ready to offer Bitcoin futures. There obvious risks of investing in Bitcoin. This is due to scammers who always want to take advantage of investors. These scammers create Ponzi schemes that promise higher returns only to run away with the investment making people think that Bitcoin is a scam.
• When Bitcoin has hacked, it’s always news, and it spreads very fast. This news scares potential investors off. Hackers have targeting Cryptocurrencies, and currently, the field is the 8th most targeted in the world. In most cases when there is hacking it’s very hard to recover the stolen Coins.

https://www.google.com/amp/s/cryptona.co/amp/reasons-many-investors-still-afraid-investing-bitcoin

Suppose from today the government declares Bitcoins as illegal in your country then any kinds of exchange of Bitcoin become illegal. All trading platform and companies have to be shut down within given time by the government.

But before taking any legal step towards banning bitcoin. The government will definitely consider the loss of investor and companies. To recover the loss, the government will provide some ultimatum to trading companies to return users investment and make an exit from the market.

https://www.reddit.com/r/BitcoinBeginners/comments/7t5asg/what_will_happen_if_your_country_bans_bitcoin/#thing_t1_dta43d9

How can bitcoin be traced? Bitcoin's privacy properties are a kind of paradox: Every Bitcoin transaction that occurs in the entire payment network is recorded in the "blockchain," Bitcoin's decentralized mechanism for tracking who has what coins when, and preventing fraud and counterfeiting. Can you be taxed in bitcoin? Bitcoin Are Not Money for Tax Purposes. Although Bitcoin can be used like money, they are not considered to be money (legal tender) by the IRS or any other country. Instead, they are personal property, much like gold or corporate stock. ... IRS Form 8949 is used to report capital losses and capital gains. So dont worry if government traced you.

Cryptocurrencies like Bitcoin can be kept in “wallets”, most of which are software applications running on your PC or that can be accessed via the Internet. To control and spend your Bitcoin (or any other cryptocurrency) wallet applications keep a long string of characters called “private key” (you can see it as a very long password) stored either on your pc or in an online server. Both these options are not safe as hackers can take control of internet servers or install malware on your pc and “steal” your Bitcoin.
The safest option is to keep your private keys away from the internet, so that hackers cannot steal them. For this reason several companies developed usb-key-like wallets that allow you to store your Bitcoin offline and protect them with strong encryption and a PIN code (so called “hardware wallets” or just “hard wallets”). If you are thinking about purchasing cryptocurrencies, I would strongly recommend to keep them safe in a “hard wallet”.


https://medium.com/@micheledaliessi/how-to-keep-your-bitcoin-safe-8e1f9a769714

This is what I've saying over and over again. You can't blame it all to bitcoin because we're the only one who causes the ups and downs of it, meaning don't give up if the value goes down because we can save it anytime.