The legality of bitcoin depends on the country, some countries are very open minded and welcome change in payment system recognizing bitcoin as legit digital currency while other countries banned it and declared it illegal. They have their own reason why they banned it perhaps they didn't believe in it and it just another scam.
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Bitcoin thrived and survived with all the criticism, the attacks and predictions that it is going to die. I believed bitcoin is sustainable, unlike other coins that is emerging and it is by far the most valued and trusted digital cash and payment system.
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We can't blame people that got involved in bitcoin because of money. It is because bitcoin is really money in the internet and everyone wants to take a chance to become a bitcoin millionaire. Unfortunately, in my country, we can't still used bitcoin as it is supposed to be because it is not yet widely accepted.
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Bitcoin has always been described as the biggest bubble in history and some people are thinking that it will crash sooner. But bitcoin is already a decade now and it still growing and becoming more popular and most trusted cryptocurrency in the whole world. Personally, I say that it is not too late to invest in bitcoin now, it is not too late to take part of the most wonderful investment of all time.
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Bitcoin is just getting started and we are now talking about becoming obsolete! I firmly believe that bitcoin will never ever become obsolete as it is the most valued and most trusted digital currency and is used by many people around the world.
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If the banks don't want to be shut down then they don't have a choice but to accept and adapt bitcoin or they will develop their own cryptos and blockchain. Banks cannot stop the growing number of bitcoin holders in the world and soon most people will use cryptos than fiat money that banks hold.
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Bitcoin and blockchain technology is created to give people a foolproof, guaranteed records of human transactions, entirely without reliance of a banks. It means that when all the people used bitcoin, then the banks won't be needed anymore.
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I completely agree with you, we can help bitcoin grow by just sharing to friends and strangers the good news about it, how it can improve our lives by earning more money.
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Bitcoin is decentralized and no any single authorities or central bank has control over it only the bitcoin users all over the world. Perhaps those who are rich and holds lots of bitcoin can influence the bitcoin market.
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I really don't have idea the reasons behind bitcoin fall but maybe there someone behind the price decline, someone manipulate it plus the media attack that causes negative image to cryptos.
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It is possible to happen that bitcoin will one day be under the regulations of the government. The government are always finding ways to regulate it so not to create chaos in the future specially when all the people are going to use it, it will be a huge change in the economy.
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Bitcoin maybe declining now but it is still the future of money. It may eventually bounce back and will be widely accepted.
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If miners will stop mining then it I think the bitcoin will eventually failed. But we don't need to worry about that because I believe they won't stop.
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Perhaps in the future, but for now it is a good option to send money to anyone to anywhere in the world where the bitcoin is legal.
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Who said that there are no women involved in bitcoin? Bitcoin is for everyone regardless with gender, age and status. I have known a lot of women who are into bitcoin.
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For me, existence of bitcoin is not a threat but a blessings that could give jobs to the increasing number of unemployed people and could help gain extra income to those who invest in bitcoin. I am not sure about the national currencies but perhaps in the far future, bitcoin will replace it.
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Bitcoin is not yet a legit currency but the most trusted digital currency that will take over the whole world in the future. Bitcoin became famous now that some countries already recognized it and made it legal to use.
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I agree with you, bitcoin is for everyone whether they used it as a payment system to buy things & products or as an asset and an investment where they can earn huge profits from it. In my country, it is not yet widely accepted to stores and other institutions, i just treated as an investment for my brighter future.
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This happens to me also, i forgot my private keys, unfortunately i didn't write it down or save in my computer. I asked help from ky brother if he could retrieve it, he just gave me a new private keys i didn't know what he did to retrieve it. Lesson learned, i keep a copy of my private keys written in paper, i also saved in my computer and usb.
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For me, I won't call the investors cowards because in the first place they won't invest in bitcoins knowing that it is very risky. We can't accurately predict the future of bitcoin but many people still believe that it is the future of money.
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