Cryptocurrency intelligence firm reported that CipherTrace’s Q3, 2018, cryptocurrency thefts had already reached $927 million.

Previously CipherTrace second-quarter report said, the company identified that there were more thefts during the first half of 2018 compared to the entire year of 2017 alone. Some $731 million worth of cryptocurrency was stolen from exchanges with some of the most notable hacks including that of Japanese exchange Coincheck at $530 million, and BitGrail that lost some $195 million dollars’ worth of tokens.

As of the Q3 report, the number now stands at $927 million lost in cyber attacks and CipherTrace predicts that this trend will continue. By the end of the year, they say, thefts will add up to well over $1 billion.

Ethereum has fallen by around 13% in a week and gained around 0.53% in the last 24 hours. It is down by around 93% since its all-time high rate, with respect to 17-month-low.

Reasons could be
1. 80,000 ETH were transferred to the Kraken Exchange in two different transactions which might be the holdings of an Initial Coin Offering(ICO) and is wanting to sell for avoiding losses as the price is likely to fall even further down to $60 according to some of the crypto market analysts.

2. Many traders claiming that projects have begun to liquidate their war chests, that are often full of Ether, into fiat, leading to the current collapse of the market, not only ETH.

Ethereum Improvement Proposal (EIP) could see the coin move to a Proof-of-Stake consensus. So, while the impact of ICO selling could persist throughout this bear market when eventually the “panic” would cease. If developments continue and the updates are successfully rolled out, institutional and retail demand from Ethereum could pick up again.

We need bitcoin because
1. It is not backed / controlled / manipulated by any centralized entity.
2. It is feasible to do a trade between two parties anonymously
3.One world, One currency.
4.A cryptocurrency purpose is to enable someone to become their own bank.
5.Internet brought freedom to knowledge while Bitcoin will bring freedom to financial world.
6.There are 2 billion people in the world who don't have access to a bank account. Banks don't serve them because the infrastructure is too expensive and it's not profitable to build operations there. Bitcoin solves that. You have a bank on a $20 cell phone. The 2 billion unbanked population needs Bitcoin.

You should not believe in a product you should believe in the technology behind it. The concept of crypto solves many problems so why not, we believe in something that we see, as per the current crypto market scenario many traders are spooked, many feel that this is the best time to invest, many people just hodl on to a better future for bitcoin. As many countries are accepting crypto’s bitcoin might have a better future and its volatility will reach its peak.

Comparing crypto and Blockchain is like comparing apples with oranges

Bitcoin is the digital token, and blockchain is the ledger that keeps track of who owns the digital tokens.
Blockchain has a better future than cryptos because crypto is a part of Blockchain
The difference is the same which is there between bank databases, money and dollar.
 
consider.

Bitcoin is Dollar
Cryptocurrency is Money
Blockchain as Bank Database

You buy and sell using dollars. What it actually is to you is money. Each of your transaction is stored in a bank database.
Many Industries have already started using Blockchain to keep a track of all thier records. while many countries are still not sure about crypto currency hence manybe crypto will die and Blockchain will survive.

Gift Cards : You can buy gift cards via Gyft or eGifter. The recipient will then be able to spend the gift card at one of a wide range of retailers.

Flights and Hotels : You can pay for flights and hotels with bitcoin, through Expedia, CheapAir and Surf Air.

Microsoft : Microsoft accepts bitcoin in its app stores, where you can download movies, games and app-based services.

Music : Some musicians like Bjork, Imogen Heep, will let you download their music in exchange for cryptocurrency.

Gold : Sharps Pixley, APMEX and JM Bullion can help you buy gold and exchange for bullion.

Food : PizzaforCoins will get a pizza delivered to your door. Total 83 restaurant (and counting) accept bitcoin as payment method - http://bitcoinrestaurants.net/

Education : Several private and public universities as well as a couple of New York preschools accept bitcoin.

Legal authorities : Some legal and accounting firms also accept payment for their services in the cryptocurrency.

Charities : Bitcoin-accepting charities or crowdfunding sites, such as BitHope, BitGive or Fidelity Charitable.

Furniture : Overstock was one of the first big retailers to start accepting bitcoin, back in 2014, and its founder – Patrick Byrne – is still one of the technology’s most active proponents.

For a list of offline stores near you that accept bitcoin, you can check SpendBitcoinsor CoinMap.

There is no cheapest way to buy bitcoin however you can buy it from someone who needs urgent cash. The smart way to buy bitcoin is to buy when the price is low. If you see the price was $3700 on 27th nov but now the price is $4,224.38 on 29th nov.
Coinbase is the quickest and cheapest way to buy Bitcoins
You will pay at least 1.49% of your purchase amount as a fee when you buy Bitcoin with Coinbase. It will charge at least 3.99% of your purchase amount if you use a credit or debit card to buy Bitcoin.

Whenever crypto markets are down, it makes sense that people would be cautious before investing. Bitcoin is particularly concerning because it has never fallen below the $5,000 this year or in the last 15 to 20 months. It has spooked many investors about the potential of bitcoin. Many professionals would say that investing in bitcoin or altcoins is just like committing a huge financial blunder. With the price hovering below $5000, any professional would be very careful before investing.
But one thing we should not forget is that the United States of America, Canada, Australia, the European Union, Finland, Belgium, the United Kingdom, Bulgaria, Germany, South Korea, Malta have accepted bitcoin or are on the verge of accepting it and there are hundreds of bitcoin trading deals going down every day on both centralized and decentralized exchanges. Even more, there are many deals happening offline. This means that for every bitcoin that’s sold, someone out there is buying it up. So the real question should be, how long will it take for bitcoin to recover and get back to its profitable price. Whatever be the case, one thing is becoming clear: the traders will play a vital role in determining if bitcoin and altcoins are rebound to profits or fall lower in price.

I do not believe that Bitcoin is going to die anytime soon,
Once Bitcoin recovers its price and it will,and If we look at its previous record It usually shoots to new heights. This bear market can turn out to be a great opportunity, If you know any good products in the cryptospace, this is your Blackfriday discount season. Another way we can look at this is how Bitcoin grew almost 3000% in 2017 and only dropped down over 60% this year, compared to its growth this pullback isn’t that bad.hodl it guys just hodl it.

Blockchain is the new revolution in the world of digital technology. Both bitcoin and blockchain technology are indispensable. Bitcoin is a byproduct of Blockchain technology and both go hand in hand. However, if we talk about which is to stay longer then obviously Blockchain technology is expected to be here in the long run. Blockchain is a revolutionary technology which is going to transform the entire financial ecosystem. Blockchain is like the internet in the 90’s and now we all know what impact do we have in our lives because of internet. Many industries have already realized the potential of blockchain technology and adopted it widely.
On the other hand, Bitcoin is a just a digital currency which is in the form of a digital ledger backed by the blockchain technology because of which it is accepted across the globe. Bitcoin is the father of digital currency. Bitcoin is going to do to banks what email did to post office and Amazon did to retail. Due to its high volatility, it is giving a lot of investors reasons to doubt its sustainability in the long run. As per the current scenario, bitcoin market has undergone a dip yet people are risking their money in it. What the future holds for Bitcoin, that only time will tell. So, it is wise to say that, Blockchain technology will survive the test of time which might not hold true for Bitcoin.

bitcoins is not controlled by india or any institution in the world hence its decentralized nature Allows you to buy sell it from anywhere in the world. however if banned ( as of now its NOT LEGAL ) you can transfer your coins to any international wallets in the world as many indians are currently practicing. bitcoin prices is dropped today @5430$ so I'll be buying some.

Recently Prime minister of India has in Singapore fintech festival announced the use of blockchain in upcoming projects  which is a sign of relief to many blockchain developers in India. These Blockchain projects will create new job categories, leading to hiring more full stack, front-end and back-end engineers. India is moving faster in putting in place appropriate regulations to manage risks and attract global investment in blockchain.Positive crypto regulations in India will help create wealth and jobs for millions of Indians. Millions of youth in India want to see positive crypto moves by the government.

Nobody for sure knows what is going to happen to Bitcoin future in India.
Indian Govt doesn’t own Bitcoin. It can’t ban Bitcoin. What Indian Govt can do at max is, make INR to BTC conversions and vice versa illegal. And most probably bitcoin will be banned in India.  Otherwise why would India start working on it’s very own block-chain based crypto-currency Lakshmi. Jio indian gaint has also plans for their own JIO COIN
Indian PM has recently said India is ready for #blockchain in Singapore Fintech Festival, but nothing about cryptocurrency. Exchanges like Zebpay has already shutdown.