In my opinion, due to such competitive advantages as decentralization and independent, but limited issue, complete privacy of users and at the same time the transparency of the transaction, the interest in cryptocurrency, first and foremost, of course, to the Bitcoin system, received at the moment the most widely known It will remain fairly high. By this a common situation, which is characterized, on the one hand, the rapid development of information and the expansion of e-commerce, on the other - the instability of the traditional financial system subject to regular local crises and show a clear overall vulnerability.

Most experts agree cryptocurrency that Bitcoin is destined to become a major e-commerce cryptocurrency in the future.

I would compare bitcoin with a $7 stock that has a market capital of 800.000.000 U$S...
It's going up, but any big shot with, say, 100-500k can manipulate the stock considerably and pump it and dump it.
As the market capitalization of bitcoin grows, the currency will be resistant of those kinds of "attacks" and hopefully, the price, although it will continue to move up perpetually, it will slowdown considerably compared to today's volatility.

Anyway, a quicker answer to your questions is NO, it's not even close to being the strongest currency in the world.

To grow the adoption of bitcoin we need people spending it as a daily currency.
In my country there is not much I cant buy with bitcoins.
Granted not a lot of retailers accept BTC yet but with all the services available now they dont need to.
A bitcoin debit card can be very handy.

Nowadays if I need to pay a bill then I can pay any bill via a site called livingroomofsatoshi

Please list any reasons why you could not use bitcoin for day to day expenses and maybe we can find a way.

I would guess bitcoin is more secure than credit cards which appear to have millions compromised on a regular basis without anyone batting an eyelash. Bitcoin would also appear to be more secure than banking, government and assorted financial systems, all of which have been critically compromised numerous times over the years.

Its strange that people question whether bitcoin is secure when the security of our banking, economic and financial institutions could have as many holes as a sponge. With only 2% of americans having used bitcoin or a crypto currency in polls, shouldn't we be focusing more on the security of electronic financial systems the other 98% of people use?

I agree with you.
Last year we noticed that many of new peoples have invested into the crypto world but a lot of them are newbies.They don't have knowledge what is Bitcoin or any other cryptocurrency, the only thing they know about it is a price. How they think is this way and I quote ''Oh price of bitcoin is falling but they say to me that bitcoin will rise to the 100k USD, oh no now I'm losing my money, I need to pull back all of my money this Bitcoin is scam''. Peoples should learn something about Bitcoin, instead of learning they invested in Bitcoin just because of his price.
Yes, Bitcoin will reward those who have certain knowledge about him.

Bitcoin is #1 in every important aspect. It is sort of obvious that no matter how high the price is, it is and always will be a great investment. And yet it's just too hard to overcome thoughts that btc was worth a couple of dollars and then when it was worth hundreds, the price already seemed to high to consider in as an investment. My father lives in a poor country and has a $300 salary per month (which is an average salary here). He doesn't invest into altcoins. He earns some btc and spends it but he has 1 btc he just stores for better times. Once it was just $800 but it's already $4k. I realize it's a promising coin and the price might even go up and up again but it's just too hard for me to consider investing it such an expensive coin when there are so many cheap and improved ones.

As most of you might know that here, in India bitcoin is not considered as a legal tender.
As the Union Budget 2018 in India was announced on February 1 this month. The finance minister of India, Arun Jaitley's statement in that about cryptocurrencies in general was-
“The government does not recognise cryptocurrency as legal tender or coin and will take all measures to eliminate the use of these cryptoassets in financing illegitimate activities or as part of the payments system."

Here I just need to know why does the government not support cryptocurrencies. Gold is also not a legal tender and that too can be used in financing illegal activities but still it has a lot more advantages than this. Same as bitcoin has tons and tons of advantages for all!
What do you think about it? Is the government right for not recognising cryptocurrency as a legal tender! Or they should reconsider it?

Bitcoin is still young as compared to all traditional currencies. It will take time to mature and settle in currency world. Bitcoin is a digital currency, it possesses decentralised nature i.e. backed or regulated by no authority. As a result less information and knowledge is available about it. In the last month it has crossed the price tag of $19000, and after that its price is coming down. People having no knowledge of cryptocurrencies started naming this as an end of bitcoin currency and starts comparing t with Dutch tulip mania , the Mississippi bubble and the south sea bubble. This is completely wrong; volatility is the nature of currency.  Being a decentralised currency bitcoin is more volatile than other currencies. Such roll downs are expected after such price raise.

I don't buy that argument that Bitcoin is volatile because it has no intrinsic value to be backed upon. Nothing is backed by anything substantive! Fiat is backed by the monopoly power of the state, gold is backed by the social capital given to it. If Bitcoin's lack of physical asset backing was a problem, all currencies would be volatile.

Bitcoins volatility is not new in financial history. Earlier forms of currency like tobacco used in the early American colonies were much more volatile. Bitcoin's instability is just a demonstration of the market. Hype led to speculators buying up the supply, and scares by regulators and panic sellers caused price drops.

There is nothing intrinsic in Bitcoin, besides maybe slow and expensive transactions coming to the fore, that makes it volatile. It is a commodity, and like any commodity, is a slave to market forces - let it be euphoria or panic.

If you know the history of Bitcoin you would know that Bitcoin has proven itself many times, it is really hard to go against bitcoin as it repeatedly able to recover from price crash.

Bull run was already over a few months ago you should know that we have reach almost $20,000 and price dropped to $6,000.

Yes we are having a hard time breaking the $11,000 resistance and probably this are the accumulated results of bad news about bitcoin and crypto currency. There are also giant social media companies that are banning Crypto currency related ads.

There will be an end on this bear market, we will be able to bounce back sooner or later.

The lack of regulation of government with bitcoin is making its security easy to breach. Well although a lot of senior users here are very much knowledgeable in securing their bitcoins, a majority of new users - like me doesn't have an assurance that my bitcoin is safe. I'm just storing it on an online wallet because my bitcoin savings is not that big. However, I'm not sure that if ever my account got hacked, I can still process to make a run for it or like file a complaint. If the government is controlling/regulating bitcoin, there will be protocols that will be followed in every transaction, and they can trace any illegal doings. However, they can get a significant amount of money from bitcoin, well I just hope that if that time will happen, they will use the money for the people of the government.

People are investing in Bitcon and in other Crypto assets because it's a reliable store of wealth. It's not just because of all the economic recessions, Government and institutional corruption, it's also about people seeing a better way to manage their finances, and see their money for the very first time in their lives and in all of human history grow in value and actually do something that they've always wanted it to do, and that is to grow in value.  

That's a beautiful thing..

To see MONEY consist of all 5 key aspects of what sound money constitutes,

Money is supposed to be

1.) recognizable,

2.) divisible,

3.) portable,

4.) fungible,

5.) And it needs to be scarce.

Fiat currency doesn't share many of these properties, one of which is scarcity. The value of Government-backed fiat currency can also be manipulated and corrupted. Right now, the Federal Reserve is printing more money in to the world Economy than ever before and it's killing the value of every dollar in your pocket and all other fiat currencies around the world as well.

You can buy a house with paintings of David Hasselhoff if the buyer is willing to accept them. Bitcoin would be no different. It's an exchange of something of value for another thing of value.

The only sticky bit might be taxes depending on where you live. You might have to sell quite a bit of BTC elsewhere to cover that.

There've also been cases of buyers putting sellers in touch with Bitpay which effectively means the seller isn't accepting BTC anyway. They get a payout in their local currency. With a bit of persuasion it's a lot more possible than it first appears.



Where do you live? There are very, very few countries where that would happen.

Freedom of payment - any amount of money can be paid and received instantly and anywhere. No bank holidays, no borders, no imposition. Bitcoin allows its users to completely control their money.

Very low fees - there is no handling charge or very little handling fee for the current payment of bitcoin. The user can include the handling fee in the transaction to obtain processing priority and receive the transaction confirmation from the network faster. In addition, there are merchant processors that help merchants deal with transactions, convert bitcoin into legal tender daily and deposit funds directly into merchants' bank accounts. Because these services are based on bitcoins, they can provide a much lower fee than PayPal or credit card networks.

Reduce the risk of merchants - bitcoin transactions are safe, irrevocable, and do not contain customer sensitivity or personal information. This avoids the loss caused by fraud or fraudulent withdrawal, and there is no need to comply with PCI standards. In places where credit CARDS cannot be used or fraud rates are too high, businesses can easily expand new markets. The net result is lower costs, bigger markets, and less administrative costs.

Security and control - bitcoin users are completely in control of their transactions; Businesses cannot force fees that may or may not be found in other payment methods. Paying with bitcoin doesn't have to be tied to personal information in transactions, which provides great protection against identity theft. Bitcoin users can also protect their money by backing up and encrypting it.

Transparency and neutrality - all information about the money supply itself is stored in a block chain, and anyone can check and use it in real time. No individual or organization can control or manipulate the bitcoin protocol because it is password protected. This makes bitcoin's core believed to be completely neutral, transparent and predictable.

BCH was pointless from the very begining. It was created in order to spread FUD while spamming the original network. Bitcoin Cash devs claim that it was created to remove bitcoin's disadvantages but:
1. If you need biger blocks you coula already use LTC. It have bigger blocks, fast transactions and low fees.The point that BCH blocks are even bigger is not making any sence, the diffirence if insignificant for anyone.
2. Even if we accept that BTC network was not spammed then just take a look at its fees at the peak times. 20$+ fees was a normal thing. if you split this number by 8 you will still get higher fees then BTC had at the begining of the previous year and that is the fee that BCH will have with the same market cap. Scaling on blockchain is not an option.
3. Lightning network is going to solve all issues with tx speed and fees. BCH will become completely pointless. It is already useless but then it will be even worse.

Well, you could go for the strategy that everyone does, which is buy low sell high, although it usually is very stressful and hard to predict. I wouldn't recommend doing this, since I have done that strategy before and I lost a lot of hours of sleep over it, but that may just be me. I would recommend buying some bitcoin now, in preparation for the hard fork happening on August the first, and then I would recommend holding it for a while, since after August first, there is a high chance that bitcoin will be taking a trip to the moon.

I think a lot of people got into the market in late 2017 thinking money is easy to earn and they can just buy any crypto and get rich.

This attracted too much attention and now the market is sold down by all these new investors who are getting burnt and getting out of

the market.

When the market rises again, these same buyers will want to jump in one more time..

Doesn't this sounds the same as the stock markets??

Human behaviour is the same everywhere.. I do not think this is a surprise.

And we are likely to be "surprise" by the next growth stage after all the weak hands have sold of their crypto..

Just consider this, bitcoin investment has risk, are you willing to take that risk? If you have extra money then yeah, go ahead and go and invest on bitcoin and see how it goes for you. Based on my experience, holding has its advantage but sometimes you have to decide whether to take the profits specially when your investment have grow exponentially. Personally, if emergency arises on my end, I just simply sell some of my stash (not everything) and then try to re-invest specially in dips. But emergencies are unexpected, so maybe it will come when bitcoin is down, so you have to re-think if you are willing to sell or take another route to cover your emergencies expenses.

So far there are many concerns regarding on bitcoin advantage. I have read a lot of it here in our forum. Thus really make sense why should we invest in bitcoin? Well i know that you can add up more when comes to the advantage of investing bitcoin from the other members as well. In fact i get a lot of idea from them from reading and reading from their post. Thus includes bitcoin as a form of savings highlights the best idea on investing bitcoin which could be later use as for emergency needs also. So how it will work? Well i have some extra money from my salary so instead of putting it to my piggy bank i will invest it here in cryptocurrency though  it is not that big yet it could be consider as savings. From time to time as other members done like holding and selling it in the right time will do also. So it will be savings plus profit and that could also be use for emergency needs and easier to get or convert it to money for emergency uses unlike lending money from banks that will cater 2-3days process before you get your money. So this is the best idea i guess. How about you?Could you consider this thoughts?

LONDON — Investors have lost $670 million of cryptocurrencies in hacks and scams over the last three months, according to data shared with Business Insider.

Crypto Aware, which gives investment advice for crypto, compiled data on all the major hacks and scams in the space between June 2011 and March 2018.

The data shows that over $1.7 billion-worth of cryptocurrency was stolen over the period, with $670 million lost in the first three months of 2018 alone. It means that 40% of all cryptocurrency theft by value has occurred in just the last three months.

Notable losses since the start of the year include the $400 million hack of Japanese cryptocurrency exchange Coincheck in January and a $170 million hack of cryptocurrency exchange BitGrail in February.

Anna Wu, the founder of Crypto Aware, told Business Insider: "Cryptocurrency is receiving more and more validation as a means of value transfer, with top coins reaching historically high prices toward the end of last year. This attracted a lot of new, unseasoned investors who are not well versed in terms of online security and who are identified as easy targets by scammers."

The total size of the cryptocurrency market rose from around $27 billion in April 2017 to close to $270 billion as of Tuesday. The market exploded thanks to the rise of bitcoin against the dollar and the new trend of "initial coin offerings" (ICOs), where startups issue their own digital coins to fund their businesses. Startups raised $5.6 billion through ICOs in 2017.

Wu said: "Cryptocurrency frauds, scams, and hacks tend to rise every time there is considerable upward momentum in pricing for cryptocurrency market, so be extra cautious when the market is bullish."

Crypto Aware's figures highlight the risks associated with the volatile and unregulated market. Many investors store their crypto centrally on exchanges and these large holdings make them an attractive target for hackers.

Scammers have also fraudulently raised millions from unknowing investors, such as Chinese Ponzi scheme "Asian-European Currency" which was shut down by police in early 2017.

Wu told BI that investors shouldn't invest more than they can afford to lose and should inspect URLs closely.

"Phishing scams are by far the most popular type of scams and you can easily avoid them by checking the website address against the officially published URLs character by character," she said.

Wu added: "If it seems too good to be true - it is. Investment scams often try to entice gullible investors with unrealistic returns. Don't be greedy."

https://onecryptocoinnews.blogspot.in/2018/04/cryptocurrency-scammers-are-making.html

Original source: https://[Suspicious link removed]/2GGx1LH

As far as I am concerned, what we have right now is the freedom of choice as there is a new form of money we can use for many intent and purposes...meaning we are not anymore limited with the fiat money. Personally speaking, I have no problem with the fiat money and there is no need to say that it would soon die because there will always be many people who can not use new technology and we have to respect them for their choice. Can you just imagine a woman who is already 85 and you insist that she should be using the crypto form of money instead of the paper bills she might have in her purse? That would tantamount to be an insult.

There is no need to choose one over the other because both have advantages and disadvantages and that is a big reality we have to accept in life: there is no perfect invention ever and all are subject to change that is why we always say that there is always some room for improvement. We have to remember that there is no law or any moral code for that matter dictating that we should be prioritizing the digital form of money over its printed counterpart. In other words, we can have both and I think this is quite true with all people here in the Bitcoin community. We have Bitcoin and we also have the traditional paper money. No need to dismiss one in favor of the other one.