Bitcoin is an investment for me because i can earn money by holding some shares in my wallet for at least 6 months, bitcoin is the best investment that i have made so far and i'm planning to buy more bitcoin for additional investment.
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Panic selling is one of the common mistake of all traders in the market because they have weak hand and they can't resist the dumping scenario and they just sell their coins to the bids and take their losses, If you want a better version of yourself you should know how to manage emotions and don't always panic sell.
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You can invest your money in altcoins because they are pretty cheap right now because the price of bitcoin is rising up so their supports are weak because most of the holders of those coins want to convert their altcoin into bitcoin because they don't want to be a bag holder for long.
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I save bitcoin for future because i'm not a silly person to enjoy short term things while i can enjoy them for a long term things like having a house and a nice car and having a financial freedom, It is best to wait than to enjoy worthless things like latest gadgets and other stuff. So i save for the future purposes.
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There is no difference from the people that asking me from the past and now because they didn't know that i'm using bitcoin so they don't have any clue and even they want to ask, they will not reach to me because they think that i'm not a bitcoin user and just a geeky person.
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Yes i see alts have chances against bitcoin because there is a lot of alts in the market and it is very easy to find better alts than bitcoin and for sure you can easily find it out too so i think some alts have chance but bitcoin will still dominate them.
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If i were satoshi nakamoto, i will help the team in bitcoin to solve the current issues because i am the creator of bitcoin and for sure i know the possible solution for the problems of our bitcoin.
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Bank will not accept bitcoin because it will be against to them because bitcoin is decentralized and they can't control bitcoin so it will be useless if they will accept bitcoin as a deposit on their bank. Bitcoin doesn't need bank because our wallet is already bank.
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Bitcoin is a good investment because there is a lot of things that we can do if we buy bitcoins like we can use it to pay things online and also we can use bitcoin as investment and earn income by doing nothing.
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I don't think it is a bubble because if it is a bubble then the price will go down even after the $2000 price but there is no hard dump so i think the price is real and it will not burst down until the whales will sell.
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Banks cannot be disappear by just popularity of bitcoin because banks are already well established and a lot of people now are using banks as a storage of their money and bitcoin cannot break that connection and makes banks disappear.
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Cash is only better than bitcoin if you will talk about the usage for daily basis because we can really tell that cash is the best because bitcoin is not that well establish to compete against bitcoin and cash is more capable than bitcoin on a daily basis.
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I think the reason of the price increase for bitcoin is the good news in the internet that discuss the good movements of bitcoin for being embraced in the other part of the world and also being used probably as a new currency.
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Bitcoin is not useless because it is one of the currency that helping the people to earn money online and have a back up investment because of their holdings and a lot of people already trusted bitcoin and that is enough to say that bitcoin is not useless.
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I'm planning to hold some ethereum for long term because i see that their price is also growing fast just like the bitcoin and their smart contacts is one of the proof that they will go even higher and that is why i want to hold some of them but i'm just collecting bitcoin and planning to buy.
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I would invest that big amount of money in xrp and litecoins and also in xem because i believe to their usage and i see a good team behind that coins and i think spending or spreading 1 bitcoin to those three will be a good investment rather than trusting other coins or using it to do day trading which is risky for some newbies like me so long term investment for those three is the best for me.
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The best way to have a steady income is to have a big capital and build a portfolio from the altcoins and also in bitcoin and keep them for a long run and because of that, you can earn steady income and you will not encounter big losses again because you will just invest to the legit coins.
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Explaining bitcoin to children will be hard because you don't know if they are interested or not and if they will pay attention to you when you are explaining and the children are not that techie people because they like socializing and not tech gadgets so it will be impossible to explain bitcoin to children.
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I will sell my bitcoins if the price reach $10,000/btc and i will buy bitcoin if the the price will dump down to $1000/btc. I think those price are good targets and i will just to those plan and just make an action if the price reaches that either the pump price or dump price.
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20 years from now the bitcoin will become the center of attention from the people and most of the people in the street are using bitcoin as their currency and a lot of stores already use bitcoin also for payment and as a money and the governments already accepted bitcoin as a legal currency and they also earn from investing on it.
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