For most people bitcoin is just medium of transaction and lately, it is just way of earning money. That's all people think about it. In reality, no one really wants to understand how bitcoin is really working here or how the mechanism of the action takes place when someone transacts over the blockchain and how miners catch and verify it. They just know that its Bitcoin and it has got value worth thousands of dollars. They know various ways to grow their fiat by means of using bitcoin.  Bitcoin is not difficult to understand the only thing most people need is to do research on bitcoin.

I get your point, but you can say they are cowards. Ignorance about how the crypto market is can create some kind of fear in people.  People who invest in Bitcoin or other coins in the crypto market don't have sufficient knowledge on what they are doing and what's the real purpose of what are they investing on. I think sharing knowledge about cryptocurrency market and how it operates can help people to understand the crypto world.

 I believe that bitcoin is the safest system because of the blockchain technology. But there are good things and bad things when it comes to bitcoin transactions. The good side of this is obviously is because it is decentralized. You will stay anonymous during the transactions you make. But there is also a bad side. The transactions are safer for me because the people who can hack and steal your money can get tracked and you can retrieve your funds. But in bitcoin transactions, tracking is a really difficult job that is why there is a really low chance that you can get your money back if you get hacked.

 This is what people really needed right now out of all the see of red that they have been seeing these past few days and I believe that people would also love to see this great news. Clearly, if this gets the chance to spread out, a lot of people would be more comfortable and would worry less about the price of bitcoins since doing this would really add another choice of usage for the people that supports and holds bitcoins which will then increase its value depending on the number of people who hears about this news or the other good things happening to bitcoins. People should focus more on spreading great news like this one rather than spreading fud all over the internet.  This is a positive impact that invites some investors to continue to survive.

I agree with you, but let's look at it this way, just now the value of bitcoin is determined by the number of demands and supply. Meaning if the supply is more than the demand, the value price drops. Bitcoin as a currency will not be affected by this particular factor. As a currency, a fix price value will be used if you using fiat to exchange for bitcoin. The decentralization idea behind the creation of bitcoin was to make the transaction of funds unlimited and not controlled by an individual or groups or authorities.

 The volatility of bitcoin is primarily due to the fact that its price is not regulated as ordinary money. In every country, the central bank monitors the stable rate of national money, throwing out additional bills on the market or withdrawing them from circulation. And the rate of national money is strengthened by buying or selling foreign currencies. Bitcoin, on the other hand, no one regulates it.  Its rate is determined only by the ratio of supply and demand, and these parameters are very variable. It will be very interesting when the cost of bitcoin reaches high price values and the degree of volatility then increases, the amplitude of fluctuations will be such that the owners of bitcoin will not be able to withstand such a spectacle and the nervous will sell it.

I believe people who complain about the drop in the price of bitcoin are mostly the short-term investors. They invest because of what they have heard about bitcoin and the drastic increase of its value within a short period of time. With this belief in their mind, they invest without considering the crypto market. Any drop in the price, they start complaining bitcoin is crushing, bitcoin is dying and so many negative remarks. I think such investors need to educated on how the crypto market operates..

I believe bitcoin is never a scam. Bitcoin isn't scam it depends on who you send your bitcoin to or from what site. I have earned with this bitcoin and also been scammed by people who give promises that with this investment or amount you will invest you will earn this much. Never trust your money to people its much better if you will be the one to work for it rather than the invest wait and earn scheme that is trending in the social media.

 It is because of lack of knowledge and information that they probably didn't know. Yes for us there's a big potential to earn in bitcoin while others they still living with a classic way. It means other people have no interest in bitcoin because for them working in their full-time jobs is a good way of getting money to live.  There is a huge potential in bitcoin or cryptocurrency as a whole but if you are already into it and invest some hundreds during its peak price and saw how it's price fall maybe you will hesitate to say the opportunity here.
But I think if we share our knowledge and experiences in cryptocurrency maybe all of them become interested and trying to find their luck in the crypto world.

It is somehow difficult to speculate bitcoin, but base on what we witness in the year 2017 I believe bitcoin will have a great future this year 2018. And since bitcoin was able to sustain it price in this most difficult time which witness the Christmas and new year celebration where people sell they bitcoin in other to settle financial needs and enjoy with family, bitcoin price has not got as low as $6,000 this year so the future is bright for bitcoin. Bitcoin may rise up to $16000 getting to the end of this year.

WEEK 12 (19/06-25/06)

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Bitcoin is not a Ponzi scheme. Bitcoin is different because it was simply put there for people to use and it was almost free for people to take and use, like that well surrounded by a fence that allows only one person at a time in. You can wait in line or you can pay a guy in front of you to let you in so you can get some, but the water is always there and it's always free.  Bitcoin is rising in value because people want to use it and to use it they have to buy it from someone who had it before them. It's nothing like the Ponzi scheme because there's nobody in control, nobody taking all the profits and nobody able to shut the system down. It will keep going until the value stabilizes and you won't be able to sell your coins for more than you paid for them.

The number one rule in the crypto community is don't ever believe or trust someones words towards on how crypto would be either regarding on prices or future predictions. That BUffet man is just saying his own opinion not totally a reliable thing to consider for you to believe that guy usually make some funds but the truth is he does make engagement with bitcoin which is a total dumbass.  Bitcoin will still have a strong value, see the existing community in it very much and its value is also high.

This is just the price drop due to panic selling of bitcoin holders because of the banning issues on cryptocurrency by facebook, google and twitter. Those large companies online have really made a mess on the investors and traders of bitcoin. But as you can see though bitcoin dropped somehow you can see that there is a support and with that support, we can be assured that bitcoin's value will not drop below 6k$. Rest assured bitcoin will recover soon. Please let us not spread fear into the crypto community as it will not do people new to crypto good.

I think it can survive. The blockchain may not be known that much without bitcoin but because there are altcoins it may, depending on how these coins are promoted or used. If they cannot create more market for these coins then the blockchain will be a hollow block empty and void. The blockchain technology can live without cryptocurrency. I think that nothing will change radically If all supporting computers and users will receive Fiat for using the computing power of their computer. it has other features that can operate on it aside from Bitcoin.

Week 22 (17.06-23.06)
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It is Obvious there is more useful coin now, and most people prefer accepting Bitcoin when you give them option what coin they accept. The altcoin exchange is a playground for speculators, and I'm surprised Bitcoin still has such high % of the total market cap when there are hundreds of altcoins and their market cap is so much higher than their real coin usage would suggest - but it is how market cap works, pretty inaccurate measurement of coin usability. Obviously, bitcoin has no competition in popularity nor price on.

I don't really agree with this, because bitcoin is made to be a medium of exchange, a currency to be exact. The unlimited wants and unsatisfactory of the people lead for the decline of bitcoin. People kill the nature as well as the bitcoin. Criminals use a lot of ways to fund their illegal activities. Besides, Bitcoin transactions are not 100% untraceable.  if the government wants to track it they can track any transaction. Anonymity is an advantage more than a disadvantage. It is just another excuse to ban Bitcoin. Criminal activities existed way before the development or creation of bitcoin. Criminals fund their activities in various ways.

Of course, coins that move up quickly mostly have a smaller market cap. Coins that try to solve problem sort to gain interest from people very quickly, and when there is more supply, coin prices tend to rise very quickly. Another variable that can make coins move faster is their market cap. Take for example a coin sitting a rank 300 compared to Bitcoin at no1. Bitcoin is already peaked, as in there is not much room for Bitcoin's price to grow as it is already so high. On the other hand, the lower ranked coin can have room to grow and might also be called "undervalued" due to its low market cap. A lower market cap with public interest will likely move much faster. The main purpose of altcoin trade is to collect bitcoin. so they move quickly to collect a lot of bitcoin.