I think if people are asking you about bitcoin, you're explanation will not be that clear, not only clear but will also be easily misunderstood by the people. For me, bitcoin's transaction is not that cheap, it is now expensive. I don't know how bitcoin can help people but all I know is that bitcoin gives good profit to the one owning it.

I wonder why did you call bitcoin as a stable currency? I mean one of the most popular feature of bitcoin is it's volatility which is the antonym or opposite of the word "stable".

For me, bitcoin is an asset. You buy bitcoin not because you really like to use it or you want something to be bought that can be only accepted bitcoin, you buy bitcoin because the price pumps in time, so the longer the time you are holding it, the higher the profit you are getting. So, from that, you can say it is more on being an asset than a currency.

Well, it's greatness will also it's way to it's death. This transaction fees are also the thing a lot of people complain in the past and I think when time comes, not only the price will be pumping, also the users. When there are a lot of users, a lot of transactions will be starting to congest the network and may cause another problem.

Also, I do not understand bitcoin being replaced by another crpyto currency because even bitcoin is dead, it will always be bitcoin.

It is pretty high these days and it is staying right now at $11,000. It is high so the only possible movement of the price is down but I doubt it will be reaching way back to $9,000, maybe at $10,000 but not gonna touch back again $9,000.

For me it is better to wait for some good movements before deciding to buy again. This is the last month of the year and most of the good prices and ATHs happened in the last month of the year. Better be patient mate.

I think the OP is not talking about how you will be using them but how are you saving them.

I am keeping my bitcoins into a bitcoin wallet named Electrum, but I think if you will be noticing my address is not the same as the addresses in Electrum, that is because I am currently using Coins.ph to convert some of my bitcoin to pay or buy to my needs in an everyday situation. If I have some bitcoin left, I will be sending it to my Electrum wallet where I usually save all of my bitcoins.

But I think there are also some positive results that is happening because of it's volatility. You can see that when the price dumped when it first breached the wall of $11,000 dumped back to $8,000 and then pumped back all the way back to $11,000.


I think this is not a disadvantage of Bitcoin but this is all on the user because at the end of the day, they are still the one taking care of it's bitcoin and bitcoin wallet, thus they are the one responsible for that wallet to be hacked, users must really take care of their wallets.


The reason it is digital, and it is decentralized so I think that is not also a disadvantage.


There are some threads here that discussed that and in the end they found out that bitcoin is not that really anonymous and only a little percentage of people use bitcoin in illegal transactions.

In these case, a lot of people will surely be furious about this decision. There is no really big reason or a big proof about this because apparently, a lot of people are supporting this currency, the government will never make a decision like that hastily, there will be a lot of process.

I think with bitcoin now at hand, the problem that can end or kill bitcoin is with a problem with the software. In the recent weeks, bitcoin was said that it has a bug, what if some people plots to end bitcoin by putting some malwares in the network, exploiting ones private key and it's balance. That will be really the worst time to happen.

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The easiest way to earn bitcoin is by having a capital, if you really want to have or make your own BTC, better buy it online. Well there are other things you can do to have your BTC easier without buying, there are hacking and scamming people though you may get in jail because of it.

Then I think that will be counted as a job since you are working right? And I think we are not following Signature Campaigns, we are supporting them, and I think we are not just posting here in the forum, we are advertising them. So yeah, there comes our job, a ICO, Services, Site, or Gambling site advertiser.

I think there are some people who sold their bitcoins, still there are more people who decided to hold their bitcoins, rather than selling them. Why? Think of this, bitcoin dumped from the new ATH of $11,000 to $8000, that is almost $3000 dump, but just after some days, bitcoin pumped back to $11,000 and obviously people will think that it can pump more, so they are holding.

Bitcoin price may dump and pump, but as long as I don't need money, I will not be selling my bitcoin.

I think this "fee deduction" being fair and equal depends on the exchanger you are using or the wallet you are using. There are a lot of people who are complaining about the bitcoin fee or the miner's fee being expensive or big so I think if you are not complaining about it, We can say that you are transacting bitcoin good enough.

I am saying this because there are a lot of transactions being unconfirmed because of the fee they are paying, and the thing here is the fee is more bigger than the bitcoin they are transacting.

Though mining these days is not the same in the past where you can easily get a profit after a day. These days, you need a longer time before having a profit, even before getting back what you have invested in that rig.

I guess the best here is investing, yes, but not in mining rigs, there are a lot of ways to invest our money that will give us good profits, investing has a risk. Well all of ways to earn money has one so I don't think it matters. If you really are decided to do it, accept failures, face risks and do what you must do.

Another country is doubting bitcoin to it's future. Bitcoin may be volatile and  decentralize but I think it may do good in the future when people are starting to use it in their normal or common transactions.

I don't think developers and other supporters will let bitcoin be the same when that happens, they will be having a lot of developments for sure that will help. They are just judging the bitcoin now, not what it will be in the future.

For me, dip is like a chance. When bitcoin price started to pump continuously, people tend to be disappointed to their selves bot buying bitcoin while the price is still low. And then when dips come, a lot of people tend to buy bitcoin because they are thinking that obviously after a dump, pump comes, as they say, there are no other way but up.

We can't blame some new people but I think after some time they will be riding the price easily just like me.

I think volatility is not that a bad feature, I think it is one of the good features of bitcoin making it a good asset for some of the people. A lot of people also was decided to bought bitcoin when they knew that the price is having a good pump. I think the most reason why people are against it is because they said that bitcoin may be a coin related to the deep web or for crimes because of it's anonymity.

This is the most answer I get when I ask some people about this, and sometimes it makes me smile how blind these people is thinking that works like that. I just answer them that it not really anonymous as they think leaving them silent and thinking. I don't know how many of them consider using bitcoin but at least I told something that they don't know.

It is, in fact bitcoin is still alive even after a lot of years after it was invented. Bitcoin lasted almost 9 years and it is still not giving any signs being dead and it is still pumping and making feat. If bitcoin is not strong, I think it is dead a long time now ever since the MtGox happens but it did not, it rises slowly and now making a history in the crypto currency book.

I think it will become a global currency, every country will be using it and starts the cash less society with use of cryptos lead by bitcoin.

If you are looking forward to have a profit, better have bitcoin but the price is so expensive and the price of ETH is a little far from bitcoin.

I think it is better to invest it in another ICO's token or altcoin, you might get a ETH or bitcoin depending on how you will trade the token you will get but that also ensures you a good profit than buying those 2 digital currencies.

Thanks for the Update sir.

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