If electricity is shut down,then bitcoins could not be traded.Even if internet is switched off,bitcoin could not be used.Natural disasters like cyclones,earth quakes  don't occur often due to which electricity gets cut off.So,they are only exceptional situations.Even ATMs won't work at that time.Even if it happens,we should have a habit of using both the national currency and bitcoin.But still,the option for using bitcoins remain closed.

More retailers would start accepting bitcoins when it gets legalized.That's what we saw recently in japan that thousands of retail stores accepting bitcoins immediately after its legalization.They have even left behind the volatility issue.When bitcoin gets legalized,retailers get confident enough to accept bitcoins since its gets recognized by the government itself.Also,the more bitcoin gets popular,more chances will be for bitcoin getting accepted.Now,on seeing bitcoin's growing popularity and increase in user base,amazon has decided to accept bitcoin and this list would continue to increase in the future.

Yes,of course,bitcoin's price faced a slight fall due to china's actions.But we should also take in to account that bitcoin recovered very soon and its now $4,153.Also,we could not expect all the countries to have the same idea as china regarding bitcoin.Even its neighbours japan,south korea,vietnam takes completely different stand about bitcoin.Most of the governments are in an idea to only welcome this innovative technology bitcoin.So,there is no such threats to be worried about.

Banning of bitcoin exchanges by china is good for china if seen on a long term basis.It may affect the bitcoin price negatively for a short term.But,by this way,bitcoin will get out of the control of china.Already,manipulating price by chinese has got reduced.Now,only in mining sector,china dominates.Soon,new mining farms could be expected in other parts of the world which would bring once again decentralization in bitcoin mining.All these could happen when only china continues to take such actions against bitcoin.

Yes,it is possible.But it would take a long time for it to come true because most retailers have not yet started accepting bitcoins.Either they avoid it since it has not been legalized or due to its high volatile nature.Bitcoin as a payment is good for merchants since it could not be reversed once paid.But governments may face problems in getting tax revenue unless bitcoin is legalized.

Definitely,if an economic crisis happens in the world,scenario would be the same as in venezuela.Erarlier,when such crisis happened,people rushed towards gold to save their money safely as they had no other choice than that.Even in india,after banning of high value notes,people have lost their faith in the national currency and most of them were turning towards bitcoin like investments.Bitcoin being a secure as well as a high return giving investment,has now become the ultimate choice of people.Bitcoin even though its a decentralized currency,not backed by any government has managed to gain the trust of people all over the world.Its not an easy task to achieve such a trust.Definitely,bitcoin would be a rescue in such situations.

Definitely,bitcoin is a blessing.Bankers and governments have tried a lot to destroy bitcoin.But bitcoin out performed all the actions.Roger ver tried to support BU by dumping his high volume of bitcoins,but it was of no use.Recently,BCH was created by hard fork but still bitcoin proved that its the only unique bitcoin.Now,china has started to take strict actions against bitcoin and many expected that it would be the end of bitcoin.But once again,bitcoin clearly proved that it could not be stopped.Bitcoin has faced lots of critics,but still it is transforming the lives of many people all over the world.Its one of the greatest blessings of the lord.

        No,it seems very hard for bitcoin to replace US dollars within 15 years.Bitcoin has just crossed its first eight years.Yet it has a long journey to go.Bitcoin is still unknown to majority of people all over the world.But USD has been the global reserve currency for the past seventy years and it is almost accepted world wide.Many countries hold USD as the national reserve currency.Bitcoin has been legalized in just few countries.But bitcoin has some drawbacks like high volatility,no physical currency.
         So,it would take years to replace US Dollars.

We all feared these much days that bitcoin would lose its value if china does not support it.But bitcoin has proved that it can survive and also succeed without china's support.Bitcoin's price is now $$4,178.Its because there is a huge buy wall all over the world especially,japan and south korea.The loss is only to chinese investors and not to bitcoin.China's actions are in a way good for the progress of bitcoin,but in a long run.

Yes,bitcoin would be treated as money in australia.The government had announced that it would do all things to make easier for digital currency businesses to operate in australia.Australians were paying two times taxes for bitcoin when buying in a exchange and when buying any products using bitcoins.Now,government has announced that there is no need to pay taxes when buying bitcoins from an exchange or trading platforms.It has decided to take steps to prevent local banks from denying banking services to bitcoin businesses and exchanges.Such steps would definitely help for progress of bitcoin related industries in australia.

People are holding gold and bitcoin to gain huge profits in the future.Even many gold investors have shifted their investments to bitcoin.People have started to loose faith in the national currencies,especially in india after banning of high value notes.They need a secure investment for their money which could not be devalued by the governments.Earlier,they found gold to be an investment,but now for most of them,bitcoin is their ultimate choice.

Bitcoin is free to use for every one.But since people working in fields related to technology gets a chance to know about bitcoin which itself is a innovative technology.Being in technology field,they quickly understand the superior block chan technology and how secure bitcoin is.So,they immediately buy bitcoins.But people in other fields don't understand about bitcoins quickly.Some even mistake it as a ponzi scheme or a scam.That's why,people from other fields are low in bitcoin industry.

       Bitcoin is not gambling.Gambling totally depends upon fortune for earning.Either you would earn or totally you would loose.But bitcoin is just like an investment in gold which either increases or decreases.But the variation is price ratio is very high in bitcoin when compared to gold because bitcoin is a decentralized currency.
       Gambling has made many people to loose their investment totally.But bitcoin has not disappointed its investors any time.Only newbies may complain that they have lost in bitcoins,but its their mistake to sell at low price in panic.

          First,i was attracted by the low transaction fee in bitcoin as i was working abroad and i had to pay a lot of fee for sending money to my family via money exchanges.Then,i got attracted by the decentralized nature of bitcoin making it totally out of control of the hands of government.

          The time when i returned to india,people were suffering due to demonitization and were suffering due to lack of money.But thanks to bitcoin,in which i had my savings,i didn't suffer.Now,to be honest,i'm very much impressed by its ever increasing price.

           It seems that Sky is the limit for bitcoin.

        Yes,bitcoin is secure.Otherwise,it would not have existed these much years.Unless we leak our private keys,our bitcoins are safe in our wallet.Bitcoin works in an unmatchable block chain system which has been found to be the most secure and time consuming system and even banks and most of governments have got satisfied
with its performance.That's why banks which consider bitcoin as their rival have accepted block chain system.
        Bitcoins could not be locked for users who use it for illegal activities since it is a decentralized currency and just like USD,it is free to use for every one.

             They all are just spreading FUD to make the bitcoin price fall down so that they could buy it cheaply.Jamie dimon was found to have done the same thing.Even,it is said that dimon had bought more bitcoins after the price fall.Nothing other could be expected from a person related to a banking sector.Its the media which highlights their talks and create confusion among the investors,especially newbies.
              What we have to see is that are we all fool enough to blindly follow their opinion or just throw their talks in the dust bins.

        Bitcoin has already crossed eight years to reach this stage.Every investment involves risks and bitcoin investment too involves risks.o body can give assurance that bitcoin price would only increase and will not fall.Its price may increase or decrease depending on the demand for bitcoins.
       Over night success is not possible.Its also not a quick rich scheme.Patience,hard work is needed to earn bitcoins.But since bitcoin price is very fastly increasing,the time taken to get rich in bitcoins would be a little bit quicker than in any other field.

       All the governments are helpless.They know very well that bitcoin would be a direct threat to their taxing revenues  and they could not trace all the bitcoin transactions.They know very well that bitcoin would become the ultimate choice of black money holders for money launderers.
       But since bitcoin is an internet currency,it could not be completely banned unless banning the internet which is impossible.The only thing they could do is to regulate bitcoins by framing rules for bitcoin exchanges and asking them to follow strictly KYC to identify persons using bitcoins.That's why many countries have not yet banned bitcoin.

Updated my signature.Thank you Enjin team.

Already philippines allowed bitcoin as currency for remittance since most of its citizens who work abroad would benefit from it by sending their earnings to their home instantly at very low fee.Then it decided to issue license to two of the bitcoin exchanges in philippines.On one side,we could see that china taking hard stand against bitcoin and on the other side,most of south east asian countries either legalizing bitcoins or having a friendly approach towards bitcoin like japan,south korea,vietnam and now philippines.soon,india too would join the list.