BTC can be implemented in medical industry once lightening network for scalability and Rootstock for smart cantracts functionality within the blockchain and then any industry can commence their operations with Bitcoin Blockchain.
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I am also believing the same because most of the old generation people who are experts in traditional finance industry are not able to determine the intrinsic value of new emerging cryptocurrency and the tech people and young generations are only able to identify the potential of Bitcoin.
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Due to recent did news like China banned cryptocurrency entirely and Indias finance minister statement made in budget misinterpreted by the media and US Senate hearing.
All came at once. So Bitcoin reached its bottom on Feb 6th but renounced
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As of now bitcoin touching to 8000 dollars and I think it have a potential to hit 30 to 40 fold more. Winkloves bros said the same recently in press.
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I think it is not late to buy because recently BTC dipped almost 50% so it is the right time to get in. As per the statement made by Winkloves bros the BTC can go infurther for up to 30 to 40 fold
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There are new emerging coins having alot more features than Bitcoin like ETH and NEO and they can replace BTC in terms of market cap because they are having alot of potential and most of the future companies will be created on top of these new platforms.
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If you have account in your local exchange then of course you can convert your holdings in BTC to cash. For example in India there are some centralised exchanges like Zebpay and Unocoin and Koinex
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Of course, BTC has characteristics of money as medium of Exchange and store of value and it have a lot of more advantages than any other money existed till now. Cash cannot be transferred internationally whereas Bitcoins can be transferred on a peer to peer basis.
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Some of the countries are getting fear due to the chances of their currency can be replaced with cryptocurrencies. As I heard 44% of total bitcoins are used for illegal activities like drugs, and many others and this survey issued by the students of Business school from India.
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Bitcoin is the old and safest and well known to most crypto community. And BTC used as a medium of exchange for almost every Altcoin out there. Due to every Altcoin is correlated or paired with BTC, when BTC declines almost every Altcoin starts declining
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Yes, may be there are chances to replace the position of BTC. For example ETH because in 2017 ETH is tried to flip with BTC but failed. In future another coin come in the same way. Because cryptocurrency are emerging rapidly.
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Previously it was treated as currency due to low transaction fee until mid 2017 but now it is treated as store of value due to high transaction costs. Once lightening network comes then it will be used for both as currency and store of value
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Through bounty programms, you can earn Altcoins from the new emerging projects and it can be exchanged to BTC from altcoins. In this way you will be able to accumulate few portion of BTC
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The main advantage of Bitcoin is limited amount of coins and generated with efforts through mining and due to this the blocks cannot be replaced at all. As of now BTC is using a medium of exchange for most of the altcoins.
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I can say the scalability issue and governance model is the main disadvantage for Bitcoin and because of that new emerging coins like IOTA and NEO and others are able to gain massive surge in the recent days.
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May be Twitter also will follow the footsteps of Facebook because most of the newbies attracted to ICOs due to immediate high returns but there are high chances to fall for false ICOs
This can be identified only by Due Deligence but most of the new people are not doing this and it will affect ultimately financial loss to people.
So please do Due Deligence before entering into any ICOs
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If KYC is not introduced by the new projects then that project may face lot of pressure from Govt to shut down the project and the GOVT will be able to know about people who are contributed in the sale and then Govt can ask the people to pay taxes
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As of Ethereum is the best project where lot of projects are able to launch their ICOs but in future better solution may emerge to reach mass audience and for scalability and self governance
The new blockchains will be EOS, Metronome, BOScoin, Tezos
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Neo is good for long term pick because it has lot of potential and most of the people calling it as China's Ethereum.
If you are long term investor then don't wait for dips to enter and try to enter ASAP.
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Always don't believe who promises to pay higher interests in your holdings
Recently I saw some of the scammers who tried to grab money from the people by saying that they will be paying 60% interest on our holdings and those websites are Bitpetite and laser.online And now they absconded with the people's money and now same happened with Bitconnect. So don't believe these type of schemes
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