There are many things to consider in order to start a business and be successful in it. I will share some of it. One and probably the most important is the location of your business. Another is the knowledge you have in the business that you are starting. Third is if you have enough capital in it. Fourth is you must have a good and hardworking people in your business. Last maybe is the willingness to sacrifice and being ready in the challenges because in every business there is always ups and downs so be ready in it. Hope it helps brother.
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Maybe some governments are against bitcoin so their way of showing that the government is against it is banning bitcoin in their country. Because they can't control it and can't track the transactions, they believe that bitcoin will be a threat in their country so they are banning it. I think that is their way of showing that they are against bitcoin.
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You have some balls to post like that in this forum brother. First of all, USD is a currency and everybody knows that but do you know why USD has been created? Do you know how paper money is created? Its because of one word and that is "TRUST" and that is what we are applying in cryptocurrency. We trust bitcoin so it has value. I give you +1 for posting this in the forum. Good to have you here. Thanks for saying that bitcoin is a ponzi scheme brother.
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I will say both an asset and a currency. Bitcoin for me is considered as a currency because there are some sites that are accepting bitcoin as a payment. Not only sites but in some establishments too, they accept bitcoin as another way of payment. Bitcoin is a currency and at the same time it is an asset for me because it can give you profits when you hold it or do some trading or gambling. Bitcoin for me is both an asset and a currency.
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Some rumorus about Bitcoin going to 10k before Dec2017... is possible?
I predicted that in the end of the year, the price of bitcoin will range into 8k-9k but at this monent bitcoin's price is at 8600$ already. Maybe my prediction was wrong and it will reach higher than 9k in the end of the year. 10k dollar price of bitcoin is not impossible because more and more are accepting bitcoin and day by day, more and more people are getting involved with bitcoin so I think it can reach 10k.
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I choose both because there are some coins that are legit now and we see it in the market but most of the ICO's are no doubt scam. In choosing the ICO's, be careful in choosing because most ICO are scams. Good luck in bounty hunting ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Bear market is different from crashing I think. Bear market is normal because bitcoin have the volatility feature so there will be a time that it will bull and it will bear but on the other hand, the cause of crashing is the FUDs spreading negative news about bitcoin. Because they are spreading negative news, many will go panic and sell their bitcoins and if they sell their bitcoins the price of bitcoin will fall and crash. Regarding to your question, no one can stop bitcoin from crashing because the crashing of bitcoin's price depends on the law.
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For me investing in bitcoin is a good way because many believe that if you invest in bitcoin, you will get a high ROI. Well I agree with it but if you can't manage it, there is a chance that you will lose it for example using it in gambling and lose or investing on a wrong ICO. Investing in bitcoin is a good strategy to have a source of income but don't put all your money into bitcoin. Always diversify.
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Anyone can create their coin if they know how to create. We can see this in an ICO that many are doing some ICO because they want to create new coins but most of them are becoming scams or they can't support it. Banks and the government can create their own coin as long as they can support it.
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I don't experience some disadvantages of bitcoin because I don't have many coins to trade now but I often see these problems and probably these are some of the disadvantages. One is the transaction is too slow and second is the high transaction fee of bitcoin.
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Definitely 2017 is so far the best year for not only for bitcoins but for the crypto world. Its the best year for me not because I just get involved in bitcoin last august but the spike of the price of it and the popularity of it. Bitcoins price increased by almost 70% or higher at this time compare the price of bitcoin at the start of the year and bitcoin is more popular this time compare to last year because I think many are using social medias now and bitcoin has been advertised in it.
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One is when ALL of the people involved in bitcoin will be STOPPING their involvement with bitcoin. If nobody will be using bitcoin then there is a chance that it will die but as we can see, its the reverse of it. More and more are being involved in bitcoin. Second is if internet connection in the WHOLE WORLD will be remove, thing that its impossible to happen. I think those are the two but bitcoin will not die. Never!!!
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Easier payments on especially on online, can send money everywhere you are as long as you have internet connection, can be carried anywhere you are. These are some I think of the advantage of having a bitcoin but the best advantage of bitcoin for me is, another source of income. Bitcoin for me is my 2nd source of income and the best thing is I have time to earn bitcoin even I have a regular 8-5 job here.
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I am assuming that you finished your presentation already so congratulations for a job well done. You helped bitcoin already to become more popular by spreading information with it. Now if you don't mind, try to do some posts about crypto if you want if you want to spread the information to all people around the world. Again congrats brother and job well done. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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One reason I think is because of its anonymity. Nowadays, bitcoin has been used in criminal activities and we can't stop them. The problem is because the transactions of bitcoin in the blockchain is purely anonymous, the government can't track who transact this and who transact that so they can't find who are the criminals so illegal activities will arise in their country.
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It depends on the situation. If you can earn higher in bitcoin than in your personal job then I suggest that give some time to learn yourself in bitcoin but on the other hand, if you're salary in your present job is higher than you're earnings in bitcoin then don't stop it and rather focus on both doing your job and at the same time earning bitcoins. I know you can do the 2 at the same time.
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Is there any reason to kill bitcoin? I don't think none because bitcoin helped many people already in their expenses. Yes bitcoin has been used in illegal activities in the past but we can't do anything about it because even fiat money has been used. Every thing that has value can be used in illegal activities but there is no way to kill bitcoin. No Way!!!
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MyEtherWallet is a safe wallet for me. Its a user friendly, secured wallet. Just beware of some sites that looks like myetherwallet but in reality, these are phishing sites so its better to be aware, be careful and don't give your "PRIVATE" key to others.
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At this moment I don't hear any malls or supermarket that is accepting bitcoin as a way of payment here in my country although I agree that they must accept bitcoin too as another way of payment.
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As long as you are using hardware wallets or hot wallets, there is nothing to be scared off. Use trezor or nano ledger s in storing your bitcoins especially if that is many bitcoins so that you will not lose it or you will not be hacked. Going into phishing sites is one way to stole or hack your coins so beware of the websites you are entering especially if they request your wallet address.
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