Most of the reasons have been covered here. It's quite simple, and a good thing because it means that the banks foresee cryptocurrency as being a true challenge and threat to the status quo.  Cryptocurrency could eventually replace the banks altogether so it's no wonder they hate their biggest competitor.  We have to remember that our modern banking systems has taken hundreds of years to establish by the elite.  Do you think they will let go of it so easily and without a fight?

We've given a quick analysis and also contacted Mr. Shiller to see what he thinks about these issues.

http://blog.sonajin.io/robert-shiller-nobel-prize-winning-economist-predicts-bitcoin-failure/

What do all of you think?  Is Bitcoin doomed to fail sometime in the future?
As a sneak peak we found his historical comparisons very interesting.

Most of these so-called decentralized are essentially scams. Why else do they insist they control your private keys?  You can find all sorts of complaints about hacks and lost money on Etherdelta, IDEX and the many other similar exchanges.  Stick to Bittrex, Binance and other reliable exchanges that don't lose your orders and money (but still don't keep your money on them!).

Hey Boxxl sorry for not being clear.  I don't wish to bash the projects on here that I think have been a bad investment or outright scams.  Of course you can't expect a huge return over night but what I'm talking about are overseas scammers who deceive the investors and never deliver or never intend to but put on the facade that they will and then suddenly the team disappears or doesn't provide updates.  There are so many scams in the cryptocurrency world from currencies to ICOs that we've become fed up so to speak.  Even teams and ideas that appear legitimate are often not.  I'd go as far as to say that 99% of ICOs are essentially scams and will not succeed and haven't succeeded.

As far as the cryptocurrency goes we feel that no single coin addresses the all encompassing needs of end users and business in one so we're here to solve that problem.  The ICO problem is really not solvable unless the SEC does it for Ethereum (which they may).

We're here to fix the problems in the industry and create a stable ecosystem for the future.

How about yourself?  Are you the COTI owner or on the team?  I do think they've run their ICO fairly well but only time will tell which teams deliver.

No one can honestly tell you as there is no historical data and nothing but hindsight. 
But with the elite like Soros and Rothschild and other big hedgefund money I think we are going to continue to see a large rise.
I would hold any coins you think are truly good with a visionary and trustworthy team.  Dump all of your ERC20 coins (as most will be worthless in the long-term except the <1% that actually complete their projects and stay active). 

I've been burnt so many times by good sounding projects that I haven't invested for a long time at least in any ERC20s (which are 99% scams/worthless to me or as valuable as stock options after the dot bomb crash).  Innovation is definitely great but only as great and honest as the team behind it is in my opinion.  Now my mission is to create a cryptocurrency that just works properly and that solves the current issues.

I am very passionate about blockchain and want to help create an ecosystem that solves the current problems and helps others and the whole industry thrive while still working with the existing coins.

Cheers!

As others have said if you just restore or import your private keys to the official wallet you will be good to go (once everything is synced).
I know it's a pain but don't risk those 3rd party wallets.  So many users have been scammed by getting the wrong/fake wallet from very good copycat sites and lost their coins.

Just use Ubuntu Linux and install Bitcoin from their trusted repos to be as safe as possible.

Yes I agree, invest in the coins and not the project (unless the project is verified and run by experienced professionals from the IT and business industry and not some overseas scammers).

It's a hard call a lot of them seem to just make a lot of assumptions either way and take the whitepaper too seriously and as the truth.  They also do little to verify the qualifications or even if the team and pictures are real (as we know a lot of scammers do hijacks by using real names and faces)  There are some scam coins I invested in that had high ratings and that is when I woke up.

It's bad news but I think it makes this community stronger here.  I never trust social media as they can delete your account in an instant and they are very insecure.
These companies are acting for the SEC and bankers but what they don't get is they are shooting themselves in the foot as they drive away a huge amount of users and investment.

There are going to continue to be projects that challenge the status quo of the social giants and it could end up knocking them off completely if things keep heading as they do (where we crypto users are backed into a corner and have to create solutions as a necessity).

There was an African country which has failed currency that essentially by default switched to Bitcoin (sorry I cannot remember which one).  But in general more wealthy countries will use Bitcoin since they are more likely to have access to the internet and computing devices that can support it.  Also keep in a mind a lot of exchanges don't allow certain countries to buy as well.  This is why I think a coin like Lumens and similar is a smart bet against Bitcoin as it really is too expensive and slow to use for daily transactions or to "truly be your own bank".

This is really too bad as it is a lose lose for any country that does this.  There is no way they can really ban it and people with big money including those exchange will just end up moving overseas to a more friendly jurisdiction.  South Korea tried something similar and then did a 180 once they saw that major exchanges were ready to move overseas.

I think when we talk about "replacing Bitcoin" it depends in what sense?  If we are talking store of value I don't think this will happen for a long-time for any other coin.  There is simply just so much money in Bitcoin.  It may be Ethereum as well but I personally Ethereum is more flawed and much less secure than Bitcoin.  Many predicted a year ago that ETH would overtake BTC in market cap but it never came that close and is a far cry from it today.   In the long-term I predict it is whichever coin is well adopted and works the best for the users and business but it is too soon and too hard to call in my opinion.

If we are talking about a secure, private, fast and easy to use coin with low fees that can be used as a replacement for your bank there are only a handful that are contenders and this is what our team is aiming for as well.

I think KYC shouldn't be asked of Bounty Participants personally and in general avoided, unless a coin or ICO is based on a jurisdiction that legally requires it.
If it is asked it should be the minimum legal requirements and in keeping with the maximum amount of privacy.  I'm certain Satoshi never would have asked or agreed to it.

Because we don't trust Samsung for inserting malware/spyware in things like their TVs and phones I think it is overall positive but not in a practical sense for us as end users.  These big corporations are trying to centralize cryptocurrency and you can bet they will try to obsolete the currencies that are not in their control even if slowly.

I agree that we need a less power hungry PoW solution but also note that is sort of PoS which on many networks requires little computing power.  I don't believe Bitcoin and Ethereum mining will be possible or sustainable for much longer because of the cost vs reward and I don't think the world's power grid can take much more (this is why Ethereum is going Casper/PoS).

Very true and I think if we look at the actions of governments and bans in some countries, this is proof that Bitcoin is a threat to fiat currencies.  We can also look at the market cap and consider that a lot of real money is going into Bitcoin.  The real question though is how much of it is invested vs actually used on a daily basis for trading goods and services?  I think this is Bitcoin's biggest weakness as the fees and are high and transaction times very slow.  But I would agree and consider Bitcoin is a store of value and sort of a replacement wire transfer service so it is really more of a threat to SWIFT.  But the thing is that crypto is liquid, it is easy to exchange some Bitcoin for other coins that are more easily used on a daily basis and I think that's why Bitcoin is considered a huge threat anytime a normal person buys or receives Bitcoin.

https://coinstelegram.com/2018/05/17/ethereum-eth-is-on-the-1st-place-in-chinas-cryptocurrency-ratings/

The results and ratings are very controversial do you agree with their ratings?

I do see what the OP says, the fact that the charts are quite similar looking but valuation is completely different story.  We should also remember that traditional altcoins typically follow the rise and drop of Bitcoin as well so that is one possible explanation.  I think it is also important to remember there was a time when people exchanged Dogecoin for Bitcoin and vice versa.  It just so happens that Bitcoin was the first and more widely adopted.  I do think Dogecoin does have a long-term future and will be resilient because of the great community of people who continue to use it and not so-much investors.  I think that is the main difference between the two coins.  Do I think Dogecoin will ever catch Bitcoin though?  Definitely not, but I wouldn't count out Dogecoin as long as the devteam continues to support and market it better.

Facebook's a juggernaut whether we like it or trust it I think just like their stock, that their own coin would have value and be traded.
However, for someone security and privacy conscious like us would we ever buy or trade with it?  The answer would be no and I think many would agree.
If we can't trust Facebook with basic privacy and security, they can't be trusted to handle our finances.

It's also important to remember that many companies have tried to knockoff PayPal with their own payment system and essentially all of them have failed.

I am really split on the issue of whether it would succeed.