1. to know your target customers, the demographics of a certain location can help you pick what type of business is really needed
2. your location must be surrounded with a lot of people
3. budget- i think it'll be better to start with a small capital then if its a success you can gradually make your business bigger (low risk)
4. you must have a unique concept-- a selling point

and although its not necessary, open a business where there are fewer rivals

I think a 1 single Gold is still much more valuable than 1 single Bitcoin but maybe in terms of the growth through the years the real winner is Bitcoin and no doubt about that because Bitcoin is not yet 10 years in existence.

As Gold is tangible while Bitcoin is not it is in different league but with a certain amount of value you can differentiate them but please never compare them and tell that Bitcoin defeated gold.

I am endeavoring to hold Bitcoin for the long-term.Having some altcoins I attempt to expand them generally with trading.Trading gives me 15/25% benefit its top off my home costs. Utilize your Bitcoin what you require in the meantime and endeavor to stash some in reserve funds. It's not very late to purchase Bitcoin

So you are saying if we have money invested in the cryptocurrency or at least in Bitcoin it is somehow protected from other markets? I don't think so because the investors in other markets also have investments in the crypto market as well and they also have the power to pull out their money at any time they want to. Additionally it is not how the American market influences other market as a matter of market big investors such as trading firms also hold assets from different countries.

You are right. Bitcoins are going to touch 1ok dollars in the next year.  Before the end of 2017 it is not possible to set a new record of reaching the value of 10k dollars. I personally believe that bitcoins will reach 5k dollars before the inception of 2018 and this will be our New Year gift from bitcoins.

That is a great dream you have there, mate! As for me, I just want to create a little wealth with my bitcoin to be able to afford a moderate house, a good car, and a free time to do what I really want in life. That would be a happy life! And if bitcoin as well as the rest of the cryptocurrencies will fly so quick, then this dream will also be reached quick.

I think it's obvious, real money is money officially authorized as state payments. the state can perform full control with real money. if bitcoin is cryptocurrency that can be used as an alternative payment but not yet approved by the state. bitcoin is currently very good for long term investment.

Totally disagree with that statement. Kids should learn about money from a young age and shielding them from the real world would do them no good.

Just hoping that they will discover everything themselves isn't a good way to go about it imo.