Its true that banks have started to suffer in income which they got as transaction fee due to bitcoin.But still,they have other services like receiving deposits and lending loans with interests.They still have a very big market and it has been built since century before.They would continue to exist,but definitely they would loose their importance in future.

Yes,Bitcoin is the ultimate way for financial freedom.

Freedom from boss.
Freedom from the governments.
Freedom from banks.
Freedom from poverty.

People have started to feel the freedom in their hands due to which even big governments like china have started to fear that they would loose their control over people and have started to take actions against bitcoin.It clearly shows the potential of bitcoin.

Bitcoin is mostly saved as a long term investment unlike altcoins which are mostly held on a short term basis because of its high volatility.Short term benefits could not be expected from it.Bitcoin price was $650 last year and now its price is $4,149.

Earlier most people traded altcoins and found it as a way to increase their bitcoins.They took risk to gain profits.But now,with rapid increase in price of bitcoin,they have started feeling that they could just hold bitcoins in their wallet and get huge returns without any risks.

So,just holding bitcoins and making their fortune good.

         Yes,bitcoin is free to use for every one,either poor or rich.Just they need a device and an internet connection to get access to bitcoin.But what makes the difference is whether the poor can afford to have the device or not.Also, people from under developed nations would be getting internet connection or not also makes a big difference.
          Poor people are busy in running to get their daily bread and i don't think that they would get links to know about bitcoin.

Hi Izanagi,i have already worked with you in a signature campaign.

Your signature designs look very attractive.

Wish you a very big success in your career.

Bitcoin has not yet become the strongest currency.It has been just legalized in one or two countries.USD has been still enjoying the status of strongest currency in the world as it has been the global reserve currency since past seventy years.It is accepted universally.But still,majority of world population don't know about bitcoin.Bitcoin has to first get legalized in all countries,then only it could get accepted world wide so that it could replace USD as the strongest currency in the world.

Kindly accelerate these two transactions.

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Thanks in advance.

Bitcoin is entirely different from gambling.In gambling,we rely completely on the fortune after we bet and it may either give you huge profit or else,you may lose your whole investment.It has ruined the life of many people.

But bitcoin price grows based on people's support.Even though,its risky,bitcoin has not disappointed any of its investors except newbies who just sell their bitcoins in panic at very low price.More the demand,more increase in its price.

With no doubt,crypto markets have great future when compared to stock markets which are traditional way o trading.Crypto markets have paved the way for modern way of trading and it is available 24/7 round the clock unlike stock markets which works only for five days a week.In crypto markets,huge profits could be made very quickly.But in stock markets,we would have to wait for even years to get huge profits.

Here,the word we means only the miners and not all of us.If china bans bitcoin mining,then it is only the miners who have to worry about their future and not us since it will not affect us in any way.Even it would have an effect over the confirmation time of bitcoins only temporarily and as bitcoin mining starts to spread world wide,then it would soon get solved.

Absolutely,correction is almost over and we should remember that this price rise is after china's impact over bitcoin's price.The biggest threat bitcoin has had from the earlier days is the china's stand over bitcoin and it has almost gone and now we could not see any other factor which has the ability to affect the bitcoin price.So,bitcoin rise is yet to continue.

Definitely,bitcoin has chance of reaching $5,000 within november as we find no threat to bitcoin now.Only threat which we all considered to be is the china's policy regarding bitcoin and bitcoin has proved that it has nothing to do with its progress.

Even if it reaches $5,000 before november,we would have to wait and see that what would be the impact of hard fork on its price which is considered to happen during segwit 2x activation on november.

Its very disappointing to hear your story.Fortunately,i have not faced such situations.As an immediate act,either you could join a signature campaign and it would take time for you to get promoted and earn money.Or else,if you have some money to invest,you could just buy bitcoins with it and hold it in your wallet or buy altcoin and start trading.

I do agree that governments would create their own digital currencies as a competitor to bitcoin.But,i don't think that it would be possible for all the governments to join together and create a common digital currency to compete with bitcoin world wide.Regionally released digital currencies by the governments would in no way be accepted universally and it would in no way be a competitor to bitcoin.

I prefer to use Electrum wallet.I had been using it for the last two years.It has user friendly options.We could set the transaction fee manually as per the market situations.At the time of opening a wallet,a seed of twelve words is generated which could be used for recovery of our wallet if lost due to system fault.But it should be downloaded from the official website Electrum.org instead of fake websites.

Learn,learn,learn.Try to learn as much as you can from this forum.Also,google and find the crypto retated sites and try to be updated about the developments in the crypto field as its growing day by day.Working in a field continuously would probably make you an expert in that field.So,create a passion about bitcoin so that you will automatically get interest to know about bitcoin.Subscribe to some telegram groups which provide upto date information about the crypto world.

Earlier,the main disadvantage of bitcoin was the higher transaction fee due to which thousands of transactions got struck.It also became a reason for new businesses not accepting bitcoin as a payment.

But now,due to segwit activation after long struggle withe the miners,finally it got solved.But volatility which exists from the creation of bitcoin still remains to be a big issue which could be unsolved.Bitcoin,being a decentralized currency has no authority to control its price and its price is determined by the demand for bitcoins.So,volatility remains as a continuous issue for bitcoin due to which most retailers don't accept it as a payment and most countries have not legalized it.

Earlier,bitcoin investors used to keenly watch the changes in bitcoin markets in china as it had a great impact on bitcoin price those days.They decided whether to sell or buy bitcoins based on it.But now,bitcoin is no more dependent on chinese markets.Mostly,try to not get panic based on FUD.Try your best to be alert and update about the developments occuring in bitcoin related industries world wide so that you may get an idea that bitcoin price may spark or it may fall.

Bitcoin had successfully overcome the critical situation caused by china banning ICOs itself.So,it would not be a matter of serious concern regarding south korea banning such ICOs.Its a very small market compared to china.

There are a few promising ICOs,but still nowadays,there are more scam projects in ICO.So,we could understand the stand taken by governments to control such scam projects.

But despite such actions,we could hope that bitcoin would succeed as it did in the past situations.

Bad days coming really for bitcoin holders in china.What a dramatic change within few days.Once,chinese enjoyed more profits from bitcoin by dumping their bitcoins,creating fake trade volumes in exchanges.

I think even if china allows exchanges to work once again,still chinese would not be enjoying benefits as they had before.Bitcoin price has already faced china's impact and now,there would be no more price falls.Don't exactly whether china would allow localbitcoins to work freely or not.