Initially, when I introduced Crypto to some of my friends they were like"hey you are going to be scammed".
They took my persuations with a pinch of salt.
Now, they are the ones doing crypto business more than me because they got to understand basics about crypto.

Governments acceptance of crypto would be the best thing to happen to the crypto market,as this development could significantly drive adoption rate and position crypto to be mainstream .

I would send a little amount of Bitcoin to his wallet as a form of appreciation for the creation of Bitcoin,which have made so much rich and given employment to few.
On a second thought,what would a spoonful of water dropped in a ocean achieve. Your thought is as good as mine.

I lost a lot of money when I newly joined crypto, reason was ,,I was following market prediction. It doesn't mean that those giving the market prediction are always wrong though.
It just that the crypto currency market is highly volatile and so unpredictable.
So I stopped following market prediction.

Yes.
If the goal is high return on investment, then this is about the right time to buy bitcoin and other altcoins.

I understand that some people are scared of investing because of the position of the crypto market.
This shoudnt be so.

If this is true , I believe the development would go a long way in increasing the  adoption rate of cryptocurrency.
Considering the fact that it will open room for more potential investors to jump in .

I have heard countlessly that bitcoin is scam and a ponzi scheme.
The irony is that those bandling this ridiculous hearsay are mostly people who do not understand the huge potentials of
bitcoin .

I think people prefer investing in crypto because it seems to be a very profitable venture.
When you compare the return on investment of crypto investments to other investments ,you would agree with me that people jump in into it because of the high  profit.

Bitcoin is the future of payment and so anyone kicking against it should do well to ask those who had kicked against it in 2009 when it was created .They are all singing one regret song or another now, because of the missed opportunity.

There is no business that is no risky .
But we still venture into them anyway.
Ico investments are highly profitable and at the same time risky.
Risky in the sense, that one could loose his if thel ico token price gets listed below ico price.
2. If the project is scam.
Etc

Of course , it matters a lot if the bank and the government should accept cryptocurrency.
This singular act of accptance would launch cryptocurrency to becoming mainstream..
Which drives adoption rate.
It would be a welcomed development as a matter of fact.

I do not think that bitcoin can be replaced by another currency.
The premise for my assertion steems from the fact that it was the inception of bitcoin lthat gave rise tpo the era of cryptocurrencies.
Bitcoin is more poplular than the rest.
Bitcoin can be said to be the "grandfather" of all other cryptocurrencies.

Actually holding has its effect on the price of bitcoin, although it has not been proven.
But I believe that if more investors/traders would agree to hold their portfolios without rushing to dump below their buy rate ....it could impact positively on the market.

Being a panic seller is not a "virtue" any serious trader or investor should have.
The panic sellers can safely be said to be one of the
contributors to unstable market.
The irony of it all is that they keep poor and poorer because their impatience to wait for market recovery before selling.

Bitcoin as a matter of fact has huge potentials and market that are still untapped.
It could be lilened to a toddler and soon not
out of  place to see it go through this phases of teething,crawling and then stagering to walk.
Bitcoin is still very much at its early developmental stage and so shouldnt just be written off yet.

I can relate clearly.
I was at this junction, I know exactly that feeling.
One thing we should understand is that it is in the nature of cryptocurrency to be volatile.
One need to understand how the market works so as to mitigate risks associated with investing in cryptocurrencies.

Despite the huge growth of bitcoin ever since its inception, one would have thought that the growth would be in tandem with its adoption rate.
However, reverse has been the case.
This could be attributed to the many challenges of the blockchain technology such as scaIability, interoperability, security etc.
I believe once this issues are improved on , the adoption rate of bitcoin will spike.

5 years from now, I believe the cryptocurrency market would have grown exponentially and bitcoin may  have become  generally accepted by the public as a medium of exchange.

No.
I only use cryptocurrency in the cryptocurrency space.

Cryptocurrencies has not been legalized in my country and so not generally accepted as a medium of exchange by the public.

Bitcoin is the buzz word now the world over.
So many investors are getting involve ,which can be said to be the reason for the massive growth of bitcoin .
However, the bitcoin adoption rate in recent times have left much to be desired.
It is a fact , that without bitcoin getting massively adopted by the public....its growth would staunt.

So to begin with, all the core key technologies of the blockchain must be improved on in order to drive adoption rate of bitcoin  upwards.