I don’t know anything about that exchange so I can only say that I personally would prefer to make my own wallet address, either a paper wallet or hardware wallet address so there is no chance that you can be scammed.

Yes because at some point we will have to face the fact that the environment is changing and some kind of action has to be taken for the sake of our health and our children.

Also, don’t invest all your money at one time. Leave yourself some leverage for more buys if the price drops after you buy.

I take this view in a long term perspective. I plan to hold until about a year after the halving until there is a parabolic move up. Then sell hopefully before the correction that will definitely follow.

It is a sad situation where the rich get richer and the poor get poorer.  Bitcoin and cryptocurrencies are my hope to break out of a life of living paycheck to paycheck.  If it really is a success, we can turn a corner and improve our lives.

I rarely tell anyone about my Bitcoin investments for a couple of reasons.

First of all, most people don’t understand Bitcoin and think it’s a Ponzi scheme so I don’t want to deal with explaining my reasoning for believing in it.

Secondly, if I convince people that it’s the real deal and they invest and the price drops, they will hate me for it.

Thirdly, I want to be careful about bragging about owning Bitcoin because the IRS may want to crack down on us. Don’t get me wrong, I am fine paying taxes on my profits.  I just don’t want an IRS audit.

There will be volatility, but another variable at play is the halving that is approaching in less than 4 months. Even that event has experts disagreeing about what will happen. I believe that based on the last 2 halvings, the price will increase because of the halving. This also is intuitive since supply is dropping and mining reward is dropping.

I actually think it makes sense to allow cash as an option as long as it is legal money. It’s government printed money so it seems that it would have to be acceptable. The government could stop printing money and then we could switch over.

However, going completely cashless does create a problem for poor people that don’t have phones or computers or even credit cards.

This is probably the last time to buy before it starts a bull run up to the halving in May. I would buy more now if I had the money available to do so.

Not sure if it has any affect on the cryptocurrency market but if anything it should help the market and hurt fiat currency.

Personally I hold mostly Bitcoin but also have some Ethereum and a couple of projects that I believe have really good potential: MANA and IOTA.  I think this year will be big for both of those as they develop their projects.

If that virus becomes more widespread, it will have a negative affect on the world economy as a whole. I would guess that it would. E similar to the affect that a war would have. In that situation I think many people will shift some of their investments to gold, silver, and possibly cryptocurrencies.

I think your reasoning it very good and I agree. I think it will be next year when Bitcoin hits $100,000 as it gains a share of the market that is currently held by gold and other similar investment types.

Institutional investors will continue to invest as long as they see opportunity to make money. As long as Bitcoin has potential to gain value, they will keep buying.

It may not pass traditional methods of payment but it doesn’t need to. It can be a valid method of payment along with cash, credit cards, PayPal, etc. and still be successful.

A government Bitcoin bank would defeat the purpose of Bitcoin because the intent of it is to allow us to use and store our money without relying on any government or business.

However I could see a regular bank providing cryptocurrency services to customers as a way to make it more accessible to people that aren’t computer savvy.

I think we already had a low for this year around $7500.  I expect to high to be at least $25,000 by the end of the year because of the halving.

With the halving approaching, it is probably better to wait to sell. Usually the price rises leading up to the halving and then there is a small correction before another increase. If you want to sell, you could right at the halving and buy back at the correction and potentially make some profit.

If you lose the private keys, then the Bitcoins are gone forever. No one can claim them without the private keys. That’s why it’s so important for you to protect the keys.

I believe in the 4 year cycle of Bitcoin because the halving is scheduled every 4 years and we have seen this impact on the price in the last 2 cycles. It’s just inevitable that the halving is going to I influence the price in a major way every 4 years.