Recently Swiss was in news for their ambition to remove the hard cash completely from their economy and have everything online payments. Now for swiss it is possible to eradicate the cash from the system. By because of well connected banking and finance players like visa, mastercard. Bitcoin does not need a thirdparty payment gateway like visa, mastercard. So If adopted correctly and fully by everyone then bitcoin will replace the bank from the peer to peer payment system once and for all. In the initial stage things will be same as it is now with the digital payments working with cash. As people start to notice that bitcoin is easy and reliable way of peer to peer transfer then reliability of banks will lessen.

It took nearly seven good years to see the profit for People who invested in bitcoin in early year. Realizing the potential in the early stage is either a skill or luck, but that matters when profit making is concerned. Putting money in something which you think will succeed when idea or concept is just realizing is not easy task. Frankly those who invested in very early stage were not even sure about this much return on investment. It is those who realized the potential in later stage that is probably past mt. gox incident, those investors deserve this return on profit. Because after mount gox incident value and credit of bitcoin plummeted from 1100 USD to 250 USD. Those who kept their coins and kept on purchasing were the ones who knew that bitcoin is next big thing.
There are no other coins which has that much good will and ability to bounce back from the fall. At max ethereum or bitcoin cash is showing some promises but no one is near bitcoin. There are less chances of that happening.

Fat chance of US against other technical world standing. At this stage, US is the power to reckon with in this world. Be it any trade like crude oil or gold happens only in USD. Nothing else. Unless and until USA has capability to keep the USD as the global currency other countries will have to back US. Many countries like China, UK and other have invested heavily in US bonds. Thus if USD fails these countries are in big trouble. However China is trying to get the oil trade in their own currency and that will be convertible to the gold as well. May it happen new cutting edge competition on currencies will be observed.
No matter who wins the global currency title, that country will try to retain it. So if US manages to remain the number one currency it will do anything to keep bitcoin away from becoming a threat.
Currently Fedwire is moving 2 trillion USD per day. Total market capital of bitcoin is around 106,484,282,091 USD.

That is not true. The billionaires do have their business or chain of business. However they are constantly looking for new untapped markets, business ventures as well. Timing is everything. Early bird gets the worm. Thus anything which shows potential for great profit is an opportunity. Bitcoin or for that matter the cryptocurrency is one such opportunity. Specifically bitcoin is the coin to go for. If you check the few big names who are investing in bitcoins then you would understand that bitcoin is no more obscure. Say it good or bad but ransomeware publicized the bitcoin. The coverage of bitcoin from the mainstream news-entertainment media created a lot of buzz. JPmorgan which entered the market recently with big splash. Bill Miller has considerable amount of funds from the hedge fund reserved for bitcoin. In fact it was the bitcoin which gave his hedge fund the profitability that no any stock would have been able to.

Joining signature campaign and earning bitcoin is not much cost efficient though. The amount of work that needs to go in writing creative posts, that too regularly is not easy. Also to earn sizable amount from the signature campaign the account needs to have higher ranking. Which is not easy. It is time consuming. If you simply put aside some cash from monthly income for purchase of bitcoin that would be much easier way. For bounty, you need those specific technical or social media skills to enter in one. Writing a blog about the coin or token or twiiter with many followers or facebook with so and so shares, friends is not easy to manage.
That is why I mentioned it is better to invest part of your regular income in bitcoin.

Some of the points raised by the economists are fair and straightforward. One big objection about the overpriced, many economists are thinking that if bitcoin is put in actual use then its real price will be determined. And that price will be very less than what it is now.
At the same time we have seen people time Dimon who used their position to manipulate the prices and when prices were low they swoop in. However with this kind of approach, you succeed only once. Next time Dimon will not be taken seriously. Other people who are negating bitcoins is purely based on prejudice and lack of information. And some being simply bank-media shill.

In its purest form bitcoin is a currency. However in todays world bitcoin is developed into the commodity or investment tool. So When it comes to investment in best asset for best results we could compare the bitcoin with other assets like real-estate, stock market, metals. As far as growth rate is considered we don't know how it move, neither at what rate it will move. Bitcoin and overall cryptocurrencies are unpredictable. Though we need to understand that everything listed on https://coinmarketcap.com is not currency. There are some tokens as well.
There will be slowndown in growth and acceptance of bitcoin as well. However we do not know when. Till then get rich till you can.

In the traditional investment systems  there are areas like stock exchange, real estates, commodity market, forex market. Then there are hedge funds, mutual funds, equity, debentures. Next in line are precious metals like Gold, silver, diamond. Years after year and decades after decades when mainstream economics was convincing people that how one of above is better than other as it is giving returns in the range of 8% to 9% at max 10-13% a new revolution named bitcoin is rising and spreading across the world. Bitcoin has defied all conventional knowledge about return on interest. Surviving each negative publicity and doubts, incidents like mt. gox and still growing better than ever.

What do you think why bitcoin is the best investment than stocks, real-estate, gold or any other conventional investment?

The reason for difficulty in predicting the future price of bitcoin is its network-product nature. A network product increases in the logarithmic/exponential proportion. From graphical point of view if you are aware of the parabola graph then you could understand that working with bitcoin prediction is like predicting parabola. The parabola graphs are not easy to work with. Another example of network product is twitter, youtube, whatsapp, facebook, instagram etc etc. The users of these products increased rapidly after they reach the critical mass. Any video becoming viral is like network product result.
Coming back to the Bitcoin, being network product as more and more people start using it market capital will increase accordingly. There are some hedge funds which have made fortune with the investment in the bitcoin. One such example is Bill Miller whose hedge fund has 30% of investment in bitcoin alone. If others also follow this trend then how and when price will increase is beyond anybodies guess.

This is not the first time a country has tried to do such thing. It is worth noting that most of previous countries who tried to move away from the USD were "gifted democracy" from USA. Like Iraq, Libiya, Afganistan (reason different that Oil reserve) to name few. With China attempting to break the dominance of USD in oil market will be different though. First China is not as weak as other countries who tried to move away from the USD to oil. China is force to reckon with and it has one of largest military force along with nuclear weapons. This would be interesting to see how US govt react this time. Whether they will gift their version of democracy to China or what.
As Gold is being brought back in business that will add new boost and confidence for traders as well.

I don't understand if someone is hodling the Bitcoin then how is a passive income generating from it. Passive income is something person gets on monthly, weekly basis without working actively for it. If you are hodling bitcoin for long then it is called as investment which will give you returns when you decide to sell them. Till that selling time, those bitcoins are not going to earn a penny for you. Their price or valuation will increase over the period of time. However increase of that price is not a passive income.  that In order to generate some income person need to cash out the profit without touching the base amount. Passive income is Like to put a house on rent to someone is passive income for landlord. Now compare the renting a house to holding bicoin, you are getting monthly rent on regular basis. However you are not getting any regular income from the bitcoin. Only benefit with hodling bitcoin is that in the long run the return will be huge.

People who scam are aware of the laws and restriction. It is not that they dont know how to work legally. It is just that they want to make tons of money without working.Here we shall not discuss the people who scam others out of dire need of money (like life and death situation of their loved one and their intension is to return money in future). people who live their life by scamming other people are either too smart, think that they could fool other people all the time.
Bottom line is it is the greed combined intention to earn quick money enables people to scam others. Sometimes people scam other people without knowing that they are conning someone. That I mean kingpin brainwashes these people and convinces that their project is the path to prosperity. Soon these brainwashed people who are getting their cut/commission for every customer they get, self-assure themselves that they are on right path.

Trading could be short term investment or it could be long term investment as well. Investment is very long term trade.  It is the frequency that matters and difference between investment and trading. Investment when done in something it is expected to have lock in period of at least five year or more. In certain situation this period is less as well. Investments done via mutual funds check and review their investment decision on yearly or bi-yearly basis. Based on the market mutual fund operator decides further action plan.
Trading is high frequency activity for which dedicate time is required. It is kind of full time job. For some invest two to three hours on trading on daily basis. Trading requires keen eye on the market movement, quick to respond ability.
Overall who have time and knack for picking up correct buy and sell order should seriously think about the trading.

It is already happening with the bitcoin. At this stage bitcoin is new blooming market for the hedge fund and banks. As far hedge funds are concerned most famous are:
* Winklevoss ( this actually helped bitcoin price from 800 dollars to 1300 dollars last year)
* Bitcoin Investment Trust
* Global Advisors GABI fund
* Polychain
etc etc.

Leading investor from hedge fund Bill Miller has 30% investment in the bitcoin. And with the result obtained so far this will result in getting more and more amount from the investment portfolio in the bitcoin over the year.  Then there are other investor who will board the train on bitcoin investment. There being no restrictions on the bitcoin trade anything could happen that is drastic rise and drastic drop is bound to happen.

End goal of possessing the bitcoin at cost effective way has two main ways to achieve. One is mining and other is purchase-hold. Lets look at the mining and its cost:
* price of miner being used. Based on the which type of miner you are using price will vary.
* Electricity charges applicable in you area or area of interest (The area where you will set up the miner rig)
* Price for place of operation. Either place would be on Rent  thus rent on monthly basis or trimonthly basis.
* AC and or miner place maintenance

profitability of mining based on above factors could calculated fairly accurate with coinwarz calculator. Check following link for the calculation:

https://www.coinwarz.com/cryptocurrency

From a laymans point of view mining is a lot of hassle. For ease of possessing coins purchasing and holding is fairly easy. Above requires in depth knowledge of mining or at least some understanding along with previous experience in mining will be helpful.

If person is technical or is willing to go to great length then mining will be profitable. Or you should focus on purchasing on the coins from market.

This kind of propaganda could only be propagated by People/entities/govt who do not have any idea about the bitcoin in first place. First thing a person purchase bitcoin from exchange or other seller. Purchased coins should be stored in valet whose private keys are with you. There is no third party involved here. If you invest in shi**tcoin then it is your fault.
Next point is these kind of so called investments are offered by many companies about the bitcoin as well. The cloud mining is notorious for that. A guy named Amit Bhardwaj has been doing these kind of con work for few years now. Starting iwth cloud mining with 10% per month. This guy has launched a shi*t coin for paying investors. Now same person is running 'bitcoin growth fund'. There are other con-artist or scammers who collected bitcoin from people for lucrative return. Interesting they managed to do it from different coutry that too without visiting that place and via agents.
Thus these kind of documentaries are nonsensical and full of fake information. These kind of tactics were working 10 to 15 years earlier. Those times internet was not so popular as it is today. Today any fake info could go viral initial but it busts that fast as well.

Honestly if you are asking for investment in the bitcoin then majority of people from this forum will tell that put whatever you can risk. If you have already investmented in other tool then move that money into bitcoin. Whatever losses you may bear due to untimely moving out and plus expected profit will be covered over the period from the investment in bitcoin.  That is if you have invested 1000 dollars in mutual funds for future 10 years. Then get that money and put in bitcoin. no matter how much loss 20% or 30 percent you may have to bear  for moving from mutual fund. You will get those losses covered and expected benefit with two years.
 There is just no end to the kind of returns you could get with the bitcoin. Important point is to keep your investment steady and don't look for any short term losses as hindrance. Just invest as it suits you. Lump sum  amounts or short term amounts both work great.
From the people who have years of experience in the bitcoin will tell you that whatever you put in the bitcoin will give more returns almost within year or two compared to other conventional and nonconventional rules.

Bitcoin is a global phenomenon thus whatever progress is happening will happen across or its implication will be observed across the globe. When china was fading in bitcoin world Japan was emerging as next big player. People were saying bitcoin is falling because china is tightening grip on bitcon. Thus bitcoin will drop. However nothing such happend. bitcoin continued to grow.
Things like this have been proposed previously as well. Never such attempts succeed. Nobody knows what may happen with bitcoin prices. even with developers, investors and new people who are entering in the bitcoin and those who are not ready to enter in bitcoin are clueless about what is the next with bitcoin adoption. There are big whales from the established economy who want to enter and some who are about to enter. With entrance of the new major player in the bitcoin market resulting in more and more unpredictable.

That is correct and logical point. Putting too much trust or being over-confidence will always bring not so good results. One should always remain skeptic and ask questions. Many People have put blind faith in the bitcoin. It is the law of nature that initial growth period is dynamic compared to later part. Bitcoin is in dynamic phase.
However we need to understand one thing for sure and that is bitcoin is new concept first of its kind. Bitcoin is the first successful coin which proved that a decentralized payment system could work. Thus we donot know how to measure its performance and how it will evolve in future. This gives a lot of room for people to come with crazy theories about the growth of bitcoin.

Corruption is an act which happens to be the  tenancy of people who are too much greedy. Anything and I mean anything that has value attached to it could lead to the corruption. This mean dollars, gold, precious metals, foreign currencies etc etc are just means by which corruption is carried out. We need to understand the act of corruption is done first in order to amass the property.
Bitcoin is again mere mean using which you could hide your illegal property effectively.  So it is irresponsible to blame on the means of store to blame for cause of corruption.
Bitcoin has some properties which allows people or organization to move money more affectively using bitcoin that conventional tools or methods.