It's as simple as the abundance of supply of bitcoin in the market makes the prices go down.

FUD's doesn't affect the price directly but this could influence hodlers/ investors into selling their coins and add more supply in the market.

Aside from giving advise to save more for investing, you should also tell him to do deep digging in bitcoin.

When I was new in this I find it difficult to understand the processes in trading, selling, etcetera. Plus I almost got scammed because of lack of knowledge about it.

Bitcoin can be promising and help out for extra income, but risks also comes with it.

Again, one of the problems bitcoin faces is decentralization. Purchasing ticket via bitcoin might be impossible as some countries want to have data/records of whoever is going im or out of the country.

It might be possible if there would be another party for the transactions such as banks or accredited money remittance center.

Starbucks is a well known company across countries. Bitcoin has gain popularity this past few years, but clearly it still has a lot of issues.

One thing I see is if starbuck also charge us the transaction fees. It will cost more of course but surely starbucks' coffee prices won't adjust just to accomodate few crypto users. For now at least.

Exactly, that's why most government wants to regulate bitcoin as it could compromise the country's security.

Of course a lot have opposed this and some government even does not have technology to regulate it resulting to complete banning of it.

Ignorance is a bliss, and most of the news today have caused FUD's about bitcoin,so most of the people tend to reject crypto's innovation.

If majority of stores/ shops have also accepted crypto's, a lot of people might also be open minded about it.

I don't think bitcoin was invented for a specific group or person only.

You can also invite your friend into cryptocurrency where he can do trading for earning. You can do trading with bitcoin as well but a lot of alt coin now has been doing well, so might as well try to invest in.

It's hard convincing a rock that he's a water.

There are a lot of stubborn people who are hard to convince to at least believe that bitcoin is functionally convinient and not just a hacker tool.

Mainstream media mostly broadcast negative news nowadays, and for the past few months, bitcoin accumulated a lot. That's why it's also hard to kill FUD's.

Government will agree to legalize it, if they would be able to monitor/regulate it. There are a lot of users now but majority of people are still unaware or don't use cryptocurrency and those majority are governments priority.

They see crypto as a possible threat as it's anonymity could be used in criminal activities as stated by some government officials in some country.

A lot scamming cases arises recently involving crypto's which is not a good news in the community.

If you don't use any services provided by your country such as roads and highways, health insurances, or even the security provided by your police officers, theb you might think that declaring btc as a property is wrong.

You were born American, so you should abide the laws of the country. Paying taxes is one of the obligation of an american citizen, and once you earn from btc, you have an obligation.

I don't see why not.

Cryptocurrency is exclusive for no one. If a person wanted to join in this industry, not his educational status won't do anything about his success but his willingness to learn.

Besides isn't it the purpose of site? To educate people who are interested to venture in crypto's?

It really does fail as a currency. Stores or shops are very limited in terms of accepting bitcoin for transactions.

No big companies yet have announced for adapting bitcoin transactions in their businesses.

I still believe on bounties, but I can't blame those who lose faith on it.

A lot of bounties lack uniqueness and have unrealistic timeline so investors becomes uninterested with it that results to not reaching soft caps and eventually failing.

Good point mate!

I once read a message from admins of  telegram group that they are doing it to have database for their customers and investors in which will might also help in security.

Which I highly doubt.

Well bitcoin is breaking most government laws. I don't know if satoshi intentionally made bitcoin for that but, a lot of users have been attracted to use bitcoin to avoid taxation and be anonymous for transactions.

Governments are pushing cryptocurrencies to be regulated as it can be a future threat in a countries security.

Patience is a virtue bro.

if you can still afford to hodl it and don't need the money yet. I would suggest thay you hodl it. It's pretty hard to tell if bitcoin would recover to the point where you'll earn or even have your investment back, but atleast bitcoin has been having good news right now. Maybe it could affect the future prices.

It's a small movement, but the concern is the long small declining of BTC price.

Before the year ends hopefully a lot of new businesses would adapt bitcoin transactions as it could help the rise of bitcoin price again.

Yep. A lot of the targeted victims here are lured by a big income. At first they'll be given let's say 600usd stating that it's their earning from a 20,000usd investment. Then nothing will be followed.

This could result for bitcoin banning in the country if it continues to be used for scamming.

Law of supply and demand. Since there's a lot of supply than demand in the market nowadays bitcoin's prices go down.

Now why are there a lot of supplies? Because bad news about bitcoin causing users to panic sell.