Indeed getting proper knowledge is necessary along with some proper guidance. All what you need is to get into some promising projects, wait for the profit patiently, be committed and be keen about what you want to do. Use the profit then either wisely or save it for the future in lock. Make your decision making power strong and take wise steps at proper time, and enjoy the blessings of bitcoin then.

Passive income is a revenue you earn even when you aren't actively working. Meaning it is an investment. Money works for you. Even if you are sleeping, you are earning. That what you call investment. And there are a lot of ways to earn passive income. It may be tangible or intangible investment. One of good example of tangible investment is real estate. You may convert land into dormitories, hotel or even apartments. Example of intangible investment is stocks or cryptocurrencies.

I don't think so that cash is going anywhere else,  until the next fifty sixty years.  Cash is now being the most basic form used by everyone,  everyone may do not have a credit card or a bank account but they do have access to cash.  Cash us the most basic form of currency.  Any cryptocurrencies or any other advancement will not replace it that easily. Bitcoin is continously growing up and it's price are skyrocketting and still very less people know about it.  I think cash will not be replaced.

I do see panic selling waves as the golden opportunities to enter into the Bitcoin at the best possible level because it follows the principle of the great investor Warren Buffet, he says "Be fearful when others are greedy and be greedy when others are fearful". While panic selling takes place, the market falls dramatically where most of the sellers are newbies and experienced traders/investors are on the buy wall so it's baseless to sell during such wave when returns on investments are concerned.

Besides risking to cash out a large amount of money, I think an alternative way is to invest it again either back in cryptocurrencies and other forms of investment or in the bank. By that your money will still be secured and it's profiting from the investments

As a single mom this is a very good idea. Definitely I will save my bitcoins for my children future. This will really help me a lot specially in their education. We all know that it is very hard to provide your kids specially in my case because I don't have a husband that helps me providing the needs of our children. That's why if given a chance to earn here it will probably for my children.

Most of the people in this thread did not read your post. You are asking a very good question and people is not giving the answer to that question. The Thread heading is not pointing to your question. OP, to answer your real question, Bitcoin is still in demand, even if it is a store of value, because people trade with it and some still use it as a currency.

A lot of people use it, because it is a much cheaper method to transfer wealth from one country to the next. <replacing the expensive Remittance services like MoneyGram and WU > There will always be some people who will be using it, not as a store of value, but rather as a currency. ^smile^

Well it depends on how you would use your bitcoin. For me bitcoin is a gambling correct me if im wrong its only an opinion. Trading or investing is a gambling for me because you will have a bet here if you are buying a token to sell it with a higher price. You dont have a assurance if you can earn or you will lose your money.

Most of the altcoins you plan to buy can be stored on Myetherwallet because they are integrated from the ERC20.
The SYS project has its own wallet used on their platform and you can go to the project website and download the wallet to store the coins.

Yes ethereum is one of the best in crypto currency society, their capacity also to survive in the market is high. You have a good choice, but I suggest to try also the other cryptocurrencys, like bitcoin cash, waves and so on. There's a lot of potential coin in the market that exist so don't focus only in one cryptocurrencys because most of the newly coins are starting to be famous in crypto currency society like electroneum.

Split bitcoin for the sake of buying ETH is not the great strategy because nowadays bitcon is accepted all the region around the world buy eth at some extra revenue don’t mess with bitcoin wallet because prices of bitcoin are still rising and profit rate of bitcoin is really high as compared to the bitcoin so dot take risk first relay on the main coin then after getting profit in that invest into some other coins for experience.

This is exactly what Ross Ulbricht thinks.  He is in jail.  For life.  Not going to get out.  Ever.

Bitcoin is NOT encrypted.  Bitcoin transactions are NOT encrypted.  It is NOT hard to track down. 

for mining. What should I prepare? Can you share the method for me? because i'm new. There are many things I do not know

Could be that the Bitcoin will be raplced by the ethereum, as the Vitalik is working so hard on that system. Vitalik trying to scale the ecosystem of ethereum so big as the Visa system and ect. So there is no real answer which cryptocurrency will cost higher after few years. It's all depends on the technologies and the protocol.

You could perhaps use the money that you wager to buy a phone but that depends on yourself. If you are short of money then you should be saving that money. If you save that money perhaps you could use it to buy a phone. You use it to gamble and you win but what if you lose? then it will be a waste of money that you could have use elsewhere

Learning from mistakes can also mean learning from experience. If you do not learn from your mistakes, then you will easily do the same thing again and again. Learning from mistakes is that you do not make the same mistake a second time. And any error in gambling, if you do not learn from gambling mistakes, you will ruin your life.

Gambling destroys one's life at different times. Some of his life was destroyed quickly by gambling, some of whose lives were destroyed slowly, as if his life had remained fine, and was destroyed for a long time. I agree with you, gamblers should consider stopping gambling before it's too late.

Upon observing the price charts, the bitcoin price keeps on increasing and increasing despite the numerous fluctuations. Just this year, the bitcoin price has increased tremendously. A lot did not expect it to reach this high. I've been saving my bitcoin instead of selling it because I know that if I continue to be patient, it will have a much higher value in the future. If I sell my bitcoins to cash now, I would miss that chance of gaining some profit.