I believe that at this point you should not continue to buy bitcoin, you can see that bitcoin prices are adjusting up slightly in the past two days but now bitcoin prices are facing a very strong resistance at $ 6600 level. Therefore, I believe that the bitcoin price will be able to continue to decrease at any time so you should not keep buying Bitcoin at this time, the risk is very high.

i think the Indian government messed things up for themselves mostly and the RBI is to blame for that. before RBI banning exchange accounts the government could monitor what everyone was doing because they were all going to a centralized exchange and their identity was revealed. but now they are all trading off the market and using localbitcoins,... so the government no longer has any idea who is doing what so they can not TAX them

Maybe. But if Bitcoin becomes widely popular around the world, then it could become a nice alternative to fiat. In troubled times where, real world currencies experience the dreaded inflation rates, there's the choice to protect your capital with Bitcoin. As such, I think that Bitcoin will be compared to Gold in the future, due to its scarcity and unmatched security. Bitcoin has many benefits beyond that of Gold, since it provides portability and even fungibility (with privacy upgrades of course).

National currencies may still exist in the future, but decentralized coins like Bitcoin and Ethereum will become the safe-haven for people looking to preserve their financial future. And since Bitcoin is deflationary by design, they'd get more spending power over time as it becomes more valuable each day. One good example is the case of Venezuela, where its citizens have chosen Bitcoin as an alternative to their flawed economic system. The Bolivar currency has experienced a hyperinflation, leaving Venezuelans with no choice but to adopt Bitcoin as their currency for daily payments. Since Bitcoin gives them a lot of spending power over the Bolivar currency, it's no wonder why it's so popular in that country.

Therefore, Bitcoin can be useful as a safe-haven asset in times where you cannot depend on fiat for your daily needs.

i am sorry to disappoint you but you seem to have confused bitcoin with one of the 2000 shitcoins out there that get "pumped". there is not going to be any pump.

as for the current price. it is just the ETF panic that is at its end as the weak hands have made their exit and the "rise" will only start when the ETF news comes to an end with SEC rejecting or approving it OR if people start pulling their heads out of their behinds.

The more prominent and reliable link is below,

https://www.ccn.com/126-year-old-general-electric-ge-invests-in-blockchain-cybersecurity-startup/


Check the above link and understand the adoption idea. They are not adopting cryptos in any way, they are adopting blockchain technology in the areas of cyber security and one of the subsidiaries of GE is adopting blockchain in Freight transport sector. I don't see any mention of cryptos here. It is adoption of technology for better operating efficiency and transparency for the corporation.

The hype about cryptocurrencies seemed to have died down; with that, the rate of cryptocurrency wallets have also slowed down. From this, we can conclude that it would take time for the people to once again be interested in this space. We might not reach new ATH this year but at least we can expect a more natural price growth.

It is owned by goldman ball sacks now.

Indeed, I am also hoping that this wouldn't eradicate in the future because this would really bring negative effect to bitcoin price. If US have strong enforcement about those Iranian holders, then I think they had a problem with these people.
There will be possibilities that they have been committing crimes like money laundering or worst is they've been scamming a lots of people. 

I think this will greatly decrease the prices of cryptos.

Bitcoin has dumped by $800 in last 7 days after climbing by $2000 in last 15 days. So, the current dump we're seeing is a healthy correction in the market and somewhat necessary as well.

Although, the next movement of Bitcoin will be highly crucial for current trend. Bitcoin, as we all know, is highly manipulative. So, only invest what you can afford to lose in crypto market. When do you think Bitcoin could hit $20K?

so far we have had a couple of very strong bullish news in the media like the New York Stock Exchange opening up a bitcoin  exchange and Microsoft and Starbucks adopting bitcoin. but we still haven't had that bullish signal which is going to be noticeable on the charts and in the price. but also there is not a shred of bears in the market anymore they are all killed and their skins are being used by the bulls now

It's his problem now, the way I understand it is the value of his portfolio increased during your annual tax report and he hold it through while the value of his portfolio got down to the point of 100,000$. So even if his cryptocurrency holdings is now below than his tax liabilities he still has to pay it, I am even wondering why he haven't paid his tax liabilities as of last year. Your taxing department won't probably consider the losses you incurred after every tax report you have submitted. You still have the same liability in their eyes.

Hate to say it, but it's actually a good point and it makes sense. You could argue tho, that with crypto-to-crypto trade you don't earn "money", so you can't make provisions for the tax due, but still you could convert appropriate portion of your cryptos to fiat... This shit can be a minefield.

When cross-border payment is made, BTC is used as the payment method, which I think is probably one of the most useful USES of BTC.

Of course, daily trading requires skill first. Without the skill, you can not calculate the basic things: the entry and exit point, and this is the most important in daily trading, to choose the right entry and exit point. Without the skills it will be impossible to correctly assess the situation on the market, and this can lead to the fact that you will enter the position on the bad news and the price of the coin will start to fall precipitously.
Luck is great, but skill will always be the most important.

If that could happen, then that's another big step that could help prove the legitimacy of the cryptocurrency market and its coins. The more entities likes big companies, banks and even schools that accept it, the better people's recognition to it would be. It would build a more sustainable and legitimate image in the business sector, that in turn, would convince people that, despite its risks, it's still a good market to accept in be in. Accepting cryptocurrency as payment is somewhat a testament that they are accepting it legitimacy and potential.

IF this news isn't fake...

Iranians probably shouldn't keep their Bitcoin assets at an exchange that the US Government has jurisdiction over! The US government didn't walk into their house with a hammer and threaten their Trezor PIN out of them, these people were careless...and in a way...were victims of their own naivety.

Bitcoin is now considered by many as digital gold. As such, it has all the properties that makes gold unique, such as scarcity, and reliability, but better in my own opinion. Bitcoin is portable and easily transacted across borders, while Gold is not portable and it's very difficult to transport it around the world. Taking this into consideration, it's no wonder why many people (including governments) are interested in owning and using Bitcoin for their own benefit.

Maybe in the future, Bitcoin will replace Gold, making it the standard safe-haven asset of the world. And when this happens, you can rest assured that Bitcoin will be ideal for a troubled economy. It's been useful already, but it can be better as it upgrades into a scalable cryptocurrency for the masses with its Lightning Network.