Or no price at all. If it continued to become a thing, even though it is centralized, people are going to eventually adopt to it. They are just going to accept the fact that it is centralized just like how we accept the fact that Satoshi is hidden and might have the ability to take sell so much bitcoins in different exchanges simultaneously. Bitcoin is still centralized in small parts. Like it is centralized in a way that there's a corporation that owns the funds that you have deposited in an online wallet. Same goes for gambling sites, exchanges, etc. Basically everything that allows you to deposit on a certain website.

If bitcoin was centralized and it was known to people, it's only a matter of time before someone starts to recreate the whole thing but it will function in a decentralized way. So the spotlight would easily be taken away from the previous invention. Plus, the whole reason why people are into bitcoin is because it's giving us the freedom from the government that we wanted ever since.

One of the things that you will never see in the news is that there are new millionaires because of bitcoin even though it's happening every single day. They are not into good thoughts because they think that they would be advertising bitcoin if they are going to tell the truth to people. They are only showing the negative parts of it and never the positive ones. In a way, they are still advertising bitcoin in the attempts of weeding out the newbies that are about to try out bitcoin. Oh well, it's just the media that always show fake news and it's all on you if you're going to take another look at it and confirm that it's actually true.


Wat lol. The media would barely affect us because the whales that here aren't scared of those fake news and they know how the market actually works. Bitcoin is unstable, but so is any other currency out there. Even your currency. They are not saying to not invest in bitcoin but rather they are saying that it's totally risking and it requires knowledge to invest so invest at your own risk.

I think you are being too optimistic about the acceptance of bitcoin. Yes, bitcoin is booming today but does that chance the fact that there will be countries that are against it? ICOs are banned in US and China and those are very powerful countries. One to two years is such a small span for this big growth. We are just around a million users and that's nowhere near 1% of the total population. How can you expect that to blow up enough that the whole world is going to accept bitcoin and all the countries not accepting it will start to embrace it, in a span of one or two years? Bitcoin is definitely accepted worldwide by now since there are users in different places but not everyone and definitely not for all the transactions that we are having. Fiat money is still covering 99% of our transactions and that's going to continue for a long time.


People are starting to think that lightning network is a vaporware. Vaporware are just ideas that people can think about and it seems achievable but our current technology are just not yet enough to develop such.

You would lose money if you're going to convert ALL your money to bitcoins.

I think that it's not only risky but it's also impossible to survive with all your money converted to bitcoins. Every day, you have to spend money on food, transportation, and shelter. Okay, some might be exempted for the expense of transportation if they do work at home and have no social life. Some might even be exempted in the shelter expenses because they might have bought the house before or that somebody else is paying for it. But food? You would always pay for your food. Even little kids need money because of food. It's still possible that you're still living with your parents and you don't pay any of the three. (That's pathetic, btw) but you are still going to eventually pay for something. You would eventually want to buy something and that leaves you to having to convert your bitcoins back to fiat money. That's a loss for you since the sell rate and the buy rate are a lot different. Not to mention that there's a cash out fee for all websites that allow you to cash out.

I don't think it's necessary to know who is the creator of bitcoin. Once we find out who Satoshi really is, what then? It's not like once he revealed himself, he's going to put patches on bitcoin which will make it a lot better than what it is now. It's not like the banks will just shut up about taking down bitcoin once Satoshi is known. There's no point in revealing himself and there's a lot of point in NOT revealing himself and that is all about his security. Satoshi revealing himself is like Jesus Christ descending from the heavens. People are going to be freaked out and he will be questioned literally everything about life. Like, what was the reason he/she created this thing. A lot of things just like yours. Which you should not be overthinking about because you will never get the answer from Satoshi himself. The only thing that you can do is look around you, search about bitcoin and its uses and just assume that those are the purpose of Satoshi's invention.

The last statement should be rephrased to "On the other hand, if you are a dumb you could do gambling." simply because risk takers are actually for trading and investments while dumb people who wants to feel that dopamine increase will always choose gambling even though they know for a fact that there's very limited amount of people making actual money from gambling. They do know that they can do better and attempting to earn money from gambling is a waste of time and resource.

Yes, I do agree that there is a chance of earning a lot of bitcoins from gambling but just how little that chance is? It's much better to have smaller gains but high chance of that actually happening and just repeat the process over and over again until you accumulate a good amount of bitcoins. I would always choose trading and signature campaign. Trading allows you to earn a good amount of bitcoin but it's not really guaranteed that you are going to earn. Signature campaigns, while also do not guarantee that you are going to get paid, has quite a decent pay and has a much higher chance of paying out than any other online opportunities.

I think this gratitude/validation from others is just making the whole gambling thing even more addictive but it's not really the root of it becoming addictive. In our life, we have this thought hard-wired to our brain that earning money is really hard. It is indeed hard. Some people even believe that earning a good amount of money are only for those people that are smart while some believe that it's only for those people that have the connection. In gambling, you can earn money in an instant. And by instant I really do mean instantly. With just one click of a button, *drum roll*, and you'd know if you have successfully made money from the money that you risked and what a job it brings when it works out for you.

As time goes by, you start to have gambling buddies and you guys congratulate each other whenever you win something or whenever you do something risky and you won money. It's a loophole of you hoping to feel that excitement/validation/happiness over and over again but the truth is that you are paying for it by losing your money from gambling. You don't really feel that you are losing money because you are still happy. Happy that you have had that excitement even for just a split second moment.

I want to say that it's good only because it's giving the cryptocurrency world more and more people and that's giving us hype. Hype is all what we need. ICOs are being hyped on social media a lot and that's making people who are not into cryptocurrencies end up engaging to it.

I have to mention the fact that ICOs coming up more frequently is inevitable. This "frequent" of yours is nothing compared to how much ICOs there will be in the future. On the Internet, things are consumed almost immediately. ICOs are forgotten right after the developers and the early investors have made money from it. They create new ICOs and hope that they would be able to accumulate more funds and be able to sell right away. And since a lot of ICOs are coming, it's not that questionable that there would be a lot of scams going on. Where there's money, there will be scammers.

The advantage of having bitcoin is that you belong to that 1% of the whole wide world that have bitcoin. You basically belongs to the elites. But this depends if bitcoin is going to be actually successful and skyrocket in the future.

One of the advantages of bitcoin now is that you are making profit from it by just holding it. You simply have to have bitcoin in order to make money from it. Another thing, you belong to a community that gives you a lot of possibilities to make money. You simply have to have the skill. You can be a photoshop expert in the real world and you can make money from it in this community as well. As long as the job that you are doing can be transferred digitally. These skills include translating, photoshopping, encoding, etc.

You should totally try out thinking before buying. Lots of people are struggling with impulse buying and you are lying if you say that you are/were not one of them. People are addicted to instant gratification. We saw something that we want, we buy it right away. Sometimes without even checking the price tag. The price tag just becomes a question if you do have that amount of money with you. It doesn't represent anything anymore these days.

But since you're probably a guy who doesn't want to be so basic just like everyone else, you would actually want to think before buying it. Does the thing that you are about to buy actually going to help you with your daily life or will it actually help you at all? If not, then don't buy it. You have to know that you are not rich. You are not some first world country kid with some rich parents because if you are, then why would you even want to save money. Anyway, each and every purchase of yours should become an investment. Ask yourself if that thing you're about to buy will improve your life to an extent that you are willing to pay that amount for that little "upgrade" in your lifestyle. You can also ask yourself if that thing you are about to buy is going to be earned by that same thing as well.

I think that you can be smart but not really strategic but you cannot be strategic without being smart. Because, how can you think of those strategies without you being smart. I think that the word that you are actually trying to use here is "resilient". Resilience is the ability to return back to normal after being hit by something or after having an inconvenience.

A resilient person will be good in life because that's just how he/she is. He can stand up right away after tripping on some stone. He can go back to his "operational" state even after having some calamity or something. He doesn't have to lean on something at all and he can just go with his life because no matter what comes, he'll just stand back up right away.

A strategic person knows for a fact that he is not resilient. He knows that he is not as strong as the other guy so he's anticipating all of the things that might happen so when those things actually did happen, he'd know what to do.

I think that it's good to have both, but it's alright to have only one of them. You don't have to balance it at all. It's important to know things to both of them but you're going to be good regardless. You just have to improve that skill repeatedly.

Let's start with the good effects. The good effects is that the company owner doesn't have to deal with people. Some owners don't really have the time to deal with people and some simply don't have the people skills. The next thing is that robots are more efficient. Robots don't also get sick. They don't come in late. And (might be the best thing) they don't gossip around. They are also more accurate than humans because sometimes employees are dealing with personal problems and/or their emotions and just let errors pass them.

Since robots will be "replacing" human jobs, then humans are going to lose jobs. The economy would be a little unbalanced because there would be a lot of people losing jobs and then the job that will be in demand are robot creation related jobs. Obviously, the creation process of robots will eventually be done by robots as well and the only thing that people will be doing is to think of a new concept. Not everyone's a thinker. Some people were made for physical work and I think that it's one of the ways that the government is balancing us and not really ruining their economy.

Gambling indeed takes a lot of time especially when you did put a lot of money to it but only bet in small denominations. The only time that you are actually going to stop gambling for the day is when you have lost all of your money in the gambling site or something urgent comes up. The latter is always not the case, obviously. As your addiction grows and the more messed up your brain becomes, the more you are going to be less focused on the things that you are doing. This means that you might be gambling right now but while you are gambling you are going to watch the TV while doing another activity. With that, you are constantly distracted and the time for you to lose all those money in gambling will even be prolonged. The more you get addicted to it, the more time you'd lose for work and school due to gambling.

And yes, I did lose time for work and school because of gambling and I think everyone does. Gambling takes some of your time and any distraction is going to make you lose time for work/school.

I would expect it to grow even more in the future because as more people are coming in, the more people are joining the "herd". It's not like a price dump and a price bump is controlled only by whales. They dump and then the herd is going to follow them. It's like their actions are going to followed by the sheeps of crypto. More players would mean that there would be more people trying to manipulate the market and there will be more whales in the future. Keep in mind that the mafias aren't in the game anymore as well as the government. It's only a couple of rich people are in the game yet so I would actually keep my faith tight on bitcoin's future.

When the "Bubble" has burst, the price would actually go down to nothing (or almost nothing) or really really low but that doesn't still mean that the price would get stable. This market is built by supply and demand and that will never become stable.

The worst mistake is nothing but something that we are doing repeatedly. We are going back to the gambling site every single day in hopes that we are going to win back what we have lost in the past when we know for a fact that we are just going to lose money just like how we did in the past. It's like we are reading the same book again and again but we are still hoping that we are going to finally get to see a different ending.

What's funny is that people don't realize that they are committing the worst mistake of their gambling journey every single day. They are always chasing their losses instead of cutting them. We would all want to get more and more profits but gambling is never going to give that because it was made to give profit not to you but to the gambling site owner.

I feel like people have learned in the past to never take any risks and to only play safe but life is all about playing safe. People think that doing a time deposit in the bank is a good investment. It is indeed a good investment if you have some money in you and you don't want to just spend it on nonsense.

So is bitcoin a good way to invest your money in. First thing, a lot of companies, especially the ones that you are going to start personally, are going to take a long time before you can make actual profit from it. I think one of the things people are obsessed about in bitcoin is the fact that you can earn from it right away. Like, the market is so volatile that you can literally make profit tomorrow. (but just because that's possible doesn't mean that's what going to happen). It is a good way to invest your money because it doesn't take that much time to get results. I know some would say why not just gamble your money then since you want instant results. It's because bitcoin is a lot less risky than rigged gambling websites.

That's what I had going on with me for a while now but I'm here to inform you that it doesn't really work for everybody. It is great that you have the things that you can show off and have people asking you where did you get the money to buy those. I know that most bitcoin users can just sell a good amount of their coins and be able to buy luxurious things too. But most of us knows that that action will make us lose the opportunity to sell our precious coins in the future, when the price is a lot better. I'm being as thrifty as I can be because I believe that even with this recent major dump that we had because of some FUD going on, I would still be able to cash out my bitcoins in a price that I never really imagined.

There are also newbies who don't really have the bitcoins yet to show off and have people thinking where did the get that amount of money.

I think that you should go to teaching a couple of people about bitcoin. Eventually they would teach other people about bitcoin as well because we all want to help each other especially if you live in a relatively poor neighborhood. You would create this effect that, even though will be just all about word of mouth, will have a good effect in increasing the amount of bitcoin users and it will be in exponential growth as well. Once you're no more and newbie and you have the luxury to finally show off, then you can use the things that you own to spread bitcoin knowledge and get people joining. Since they are seeing that you're doing well, then they would probably do bitcoins as well.

Bitcoin is actually the best for online shopping because the buyer can't just press "dispute" and you're going to have a complete loss of the product and the payment. I think the online shopping will work as how other online shopping works but it's going to have an on-site points. The points will only be added to the seller if he has sent a tracking number and the website has confirmed it. Maybe for even better security for both parties, only have the money be able for withdrawal once the shipping company or the courier company that the seller used has confirmed that the buyer has accepted the product.

I think that this would work well because people don't have to keep on sending bitcoins to another wallet whenever they have to make a transaction. They can simply send a lot of bitcoins to the website and spend those money instead of having to send a certain amount of bitcoin every time.

First of all, I want to tell you that you're actually doing better than most people. Selling digital goods like the stuffs you buy in CS:Go and DotA2 are good because I heard that the earnings from that is actually good that some people made their own website dedicated to selling that. You are probably making a lot more than the people here who are doing signature campaigns. You are better off doing that same thing over and over and maybe just keep on expanding it or invest some of your money in mining if the electricity bill in your place isn't ridiculous and you've got good Internet connection.

Most people HERE are receiving bitcoins through signature campaign because that's really a thing in this forum and everyone's doing it because who doesn't want a little reward for discussing things in here. Outside this place, people are all about trading. Some are just focusing in USD>BTC but some are actually buying new altcoins and wait for them to sky rocket. Some would even buy coins that have almost zero value and hope that they get some value in the future.

I would not be so surprised if this has become the reality because bitcoin is actually the currency that we need. We need to have some freedom from the government and not have every single transaction of us recorded on their database. Money should circulate around people freely and it should have a record open to everyone to be seen. The government has seriously large amounts of transactions where the money of the nation goes to someone who doesn't deserve it. Our taxes goes to things that aren't beneficial to us and that has to stop.


The price of bitcoin isn't a direct indication that our community has grown. But just because the price of bitcoin has increased by another 1k$, that doesn't mean there was a surge in population. Similarly, just because the price isn't moving at all, that doesn't mean our population is not growing. The price that we have right now cannot be used as a "sign" that shows that bitcoin will be the future currency because there are only a million, or even less, in our population. That's almost nothing compared to the population of the whole world. The majority of the population has to become a bitcoin user before it becomes the virtual currency that you are imagining.