The main advantage of Bitcoin is the transactions are done from peer to peer.As it is a decentralized cryptocurrency it has no relation with the government rules and regulations.You Can easily earn money by sitting at your home  just by investing in Bitcoin.

Yes it is risky to turn all your money to Bitcoins because apart from the growth factor Bitcoin also have several risks in it which is not safe.But if you take risks then you will be something in this world but also be ready for the losses.

Bitcoin transactions are encrypted and while they can be tracked by involved parties, bitcoin provides a way to keep money and transactions away from the prying eye of the regulators.

"There is a risk that it could be used to fund crime or illicit terrorist activity — another reason is that it can be a route to circumvent capital controls", "And there may be loss to the central banks because if everyone uses Bitcoin then no one will pay tax to the government".So some countries banned Bitcoin.

I got an good  overview about the Bit[Suspicious link removed]d explanation in just simple terms.

They are not going to ban but Russian authorities said earlier this year they would like to regulate the use of crypto-currencies by Russian citizens and companies.