When cryptocurrencies are finally adopted into the mainstream and allowed by the government to use it like the fiat, it will be followed by full digitalization of every transaction that uses virtual currency. The use of blockchain technology where bitcoin is based will be widened not only in the financial and business sectors but to all industries. Crypto technologies have already integrated deeply in the financial world and the level of acceptance for bitcoin and other cryptocurrencies is continue to grow. With this development, the future of the virtual currencies are bright and is ready to take off.

The FUD news is still ongoing and the bitcoin price is nearing the $9k at this moment. South Korean officials made some remarked on possibly banning cryptocurrency trading then later another said they imposed a sweeping new regulations on the market. It seems that FUD is generally conducted by some governments suggesting that they ban cryptocurrencies in their countries. Reading only the headlines in the news can also generates FUD if you don't read the full story or whole article. 

It better to make a research first on any coins that you want to invest and study the market movement. In researching the coin, you will acquire some information on its developer, team and their future plans for the coin and by doing this, you can be able to pick the right coin. Always select the coins with the biggest potential to grow in the long term and gives you sure profits later. And if you know how to trade then try it but be sure to invest only the money you can to afford to lose.

There are only few online shops existing in the internet that accept bitcoin as a payment as of this moment and i think it would take time before more shops are created for that same purpose. I'm only using bitcoin when I buy some potential coins to be use in my trading. Buying a product especially a gadget is not yet possible here in my country because there is still no shop offering that kind of payment, instead I convert first my bitcoin into fiat buying the product. Businesses here are seems slow to adapt to the changes brought by blockchain technology and the cryptocurrencies.

When we say illegal, it is against the law, defying the law will resort to jail if you are caught by the authorities. This is one of the reasons why some governments banned bitcoin and other cryptocurrencies in their countries for fear that somebody might use the virtual currency to do some illegal activities that may affect their national security and economy.
When buying some products through online, I prefer to use bitcoin first, and fiat if bitcoin is not accepted as payment.

We will call it a year of the altcoins if majority of them wii rise up and maintain their momentum throughout the year with fewer corrections but surpassing bitcoin is still not possible this year.Any altcoin must surpass bitcoin by market capitalization and should sustains its lead as a top coin. Bitcoin might continue to maintain its domination over altcoins for some more years before another stronger coin overtakes it. Many are rooting for ethereum to replace bitcoin in the near future, but it will take many price surges or all-time highs before surpassing bitcoin.

Almost all of the top 5 altcoins are candidate for being the next accepted altcoin worldwide after bitcoin. some of the coins are ripple, litecoin, bitcoincash and the most closer is ethereum. Ethereum is briefly overtaken by ripple in the no.2 rank but quickly regained it after its price surges to another all-time high. If demands for ethereum continue to rise in the future and further cements its second rank position, it can said that ethereum will be the next to succeed bitcoin. But no one an surely what will happen in the future because there are many potential and innovative altcoins that might steal the show out of ethereum.

I'm also putting my trust on this leading virtual coin. Bitcoin still has the lead when we talk about people trust in some crytpocurrencies. It has been the clear winner in term of value, trust and reliability until now. Many investors and holders are still using bitcoin as a form of currency for the many benefits and investment opportunities that it may present. Demands for bitcoin are also constantly rising around the world and many stores, most of them online, are started using it as one of their mode of payment. this will prove that bitcoin will continue to be the most trusted virtual currency.

If almost all of the coins are in red, it is time to buy them at lower price. Be sure to buy those coins that have the potential to grow more in the future. Many coins have the ability to grow in long term and try to choose a coin that is best suited for hodling it. Investing in cryptocurrency is risky but if you already know how to play the market, you can make more profit. Better to study first the coins you want to purchase to get more information on its team, whitepaper and their future plans and if you want to become a trader then learn how to trade first.

There is no way to predict an unpredictable like bitcoin or any cryptocurrency but based on its history, there are some months where the price of bitcoin is low or undergoes a slight to massive corrections and January is one of them. These are months of consolidation and you can't expect bitcoin price to soar over this period. The fourth quarter of last month shows some long bullish market for bitcoin before it goes down for correction in the middle of December. But I doubt if bitcoin can repeat its success last year where many all-time highs are recorded.

It's ok for me to regulate bitcoin exchanges if the purpose is to protect the users from any harm or illegal means. But if the government will later abused it or use by some people in power to be their source of money or use it in extortion activities, it is no longer beneficial to the users and to the people as whole. Excessive regulation is not also a good idea because the right of users will only be limited to a fewer choices. Good regulation will ensure the safety of users' transactions and may prevent someone from using the cryptocurrency in illegal activities. Personally I don't like regulation but if the government is decided to impose it then we have no choice.

If the one that we used is disabled temporarily, we need an alternative to continue what we are doing. If bitcoin price goes down, you can't make profit temporarily so you need an alternative coin to invest so we can continue making alternative income. Altcoins are created to give alternative features or innovations that bitcoin don't have aside from income we may receive if we use it as an investment or in trading.

We are still in the early stage of cryptocurrency age and more coins and tokens will be created this year, some of them will have better features than the existing coins available in the market. In the future, there are more digital innovations and increasing adoptions of cryptocurrencies by many businesses around the world. There are many ways to educate people on the use of cryptocurrency like personally explaining to them or by using internet to make them understand fully the virtual currency. Many people will benefit from using virtual currency if they know how to use it in any digital transaction.

That could be a possibility for bitcoin to go back in $5000 level and some will consider this as an opportunity to buy a cheaper bitcoin. After reaching $5k, a massive buying of bitcoin is also possible that will drive the price back to $15k-$20k range. But that just a mere speculation and prediction, they must provide a believable, valid explanations why bitcoin will be going down to that level. Some people are also using the predictions and speculations to spread FUD to make further fear and panic so everyone must find the origin of the news first believing it.   

Before helping the community through the use of bitcoin, it better to introduce the cryptocurrency to them first and fully explain how the bitcoin works and how to use it to improve their life. A lot of people still don't know that bitcoin exist or if they even already knew it but they don't know how tho maximize the bitcoin's potential for their benefits. there is no doubt that bitcoin and other virtual currencies can be use to help many people in getting their basic necessities and financial problems or to make bitcoin fund that support people in calamity-stricken area. 

As of this moment, bitcoin price is still in the range of $11000 and is down by 6.87% according to coinmarketcap, almost all coins were also down. If you are looking for lower price before buying then it is possible for bitcoin to go down if it break another support level. If bitcoin price continue to go down this month, then it is not unusual because January is considered to be the bearish month for almost all of the cryptocurrencies. When you have enough funds for other coins then it is also the time to buy some of them their prices is still lower.

Bitcoin and other cryptocurrencies are only created for online payment or transaction and there is no way you can use it offline. Cryptocurrency is digital currency that is associated with the internet which uses cryptography and this encryption techniques can only possible through digital means. Government will not also willing to accept to mint any currency, especially virtual currencies, that are decentralized or they can not control. The only way you can use bitcoin for offline is to convert it to fiat first through exchanges or P2P approach.

No one is sure if bitcoin is really recovering this time as its price still in a roller coaster ride. Bitcoin price still fluctuating in $11k-$12k area and it seem having a difficulty to climb back. January continues to be a bearish for some cryptocurrencies because they often suffer some minor correction. I think the awaited bullishness of bitcoin may not happen in this month and we may have to wait some some weeks to go. For those who still want to buy bitcoin at low price, it may be the best time now before another uptrend comes again.

Me too, almost half of the money that comes from my bitcoin saving is allocated for personal expenses like buying some gadgets that I need for online work like posting in our forum and in cryptocurrency trading where I invested also some good amount of bitcoin. But I only spend my bitcoin when its price is high or when it is time to take profits from hodling for few months. As of this time, almost all of the cryptocurrency are on rebound but it still not sure if that rebound will continue so all I can do is to hold more and wait for the right time to take profit again.

Every country has their own set of laws to follow and if one particularly country restricted their citizens in buying and selling any cryptocurrency then it is illegal for them to buy or sell bitcoin. You could easily find out if bitcoin is legal in your country by google search if not by news coming from your tv stations or newspapers. In my country, there is still no law legalizing the use of any cryptocurrency but we still are free to buy, sell and trade bitcoin at any amount. Our local crypto exchanges are already subject to regulations by our country's central banks.