You have to know the cryptocurrency marke, the trends and to predict the future development. I think these are very important things and you can come to that by lot of research and practical experiences. You can't become successful trader over night and there is no receipe how to do it. Probably you will learn the best on your own mistakes but it would be good that they are not to expensive. So not to many theory but lot of practice.

Someone here mentioned that bankers are trying to destroy bitcoin by multiple forks. I wouldn't say that is true, the problem is within the bitcoin community, not the banks. I agree that we don't need so many coins that have no purpose but there are too many streams that can't reach the agreement and that is bad for bitcoin.
Fork will bring another price correction and some confusion among some users but the price will recover again and maybe there will be some free coins.

I'm avoiding to convince someone to invest, this could be tricky. This person also might lose some funds, not only make profit and then claim this was my responsibility. I usualy try to explain the benefits and good sides but also to say what are the possible risks and then let this person to decide on its own. But I'm encouraging people to try bitcoin at first with small amounts and many of them continue to use it long term.

We are living in the world that is becoming more and more digital and virtual and so it's with money. Digital or electronic money is much more convenient and easier to use but it's not available everywhere. There are still countries with poor internet infrastructure and technologies and worlds' economy still can't fully function digital. Physical money will not disappear at all, it will survive to my opinion but electronic mone will be high competitive and maybe with time majority of payment will be conducted digitaly.
Bitcoin already has very important role as a virtual money and this role with time will become even more important.

As long as you are watching the bitcoin market closely and are able to react quickly you are safe. Because bitcoin price can change heavily with time both for beter and for worse so it's important that you can take actions not to lose your money. Having 90% of your funds and assets in bitcoin is very brave but risky and personaly I wouldn't do that. I wouldn't feel secure if my retirement funds are based only on bitcoin.

Maybe this will sound strange but bitcoin is actualy mainstream among the cryptocurrencies. And it's only one that is original, all other bitcoin connected coins are bad copies, I would say. That is why people use it, they trust it. And people use and trust the things that have some real value and they positive experience with. And the more users support it, the more valuable and trusted will become, so there are many reasons.

First of all I don't know what people mean when they say the bitcoin is overpriced. Bitcoin has the value that users are willing to pay for it and it can't be overpriced. What will happen after the fork next week no one can't say for sure but to some predictions we might expect the price dump but very soon afterwards also the price pump. And to bux or not depends if you have shoet term or long term profit strategy. Anway, look at the bitcoin price as a game that changes all the time and be flexible.

Well, don't see some reason to switch to bitcoin cash, I don't think that it has very bright perspective. And I don't also see the reason to panic sell the bitcins for fiat money. No matter all prediction sI don't belive that something so dramatic will happen and I will hold my bitcoins. I expect some corrections in price, that is for sure but I will not sell. Though I will not keep bitcoins on exchanger, don't feel much comfortable about it.

I think that too many forks too often can be the risk for bitcoin. The purpose and outcome od these forks are not very clear, at least I don't see any sense in so many coins and they make confusion. The other risk for users is to put all the money inot bitcoin. With the current price and further predictions for rise people expect nothing but profit but this could be very risky and tricky because at the end there is no profit guarantee and you can end up with loss also.

You have probably heard how they say, never put all your eggs in just one basket. The same is applicable for investment. Although the bitcoin value is high now and it seems it will rise more still it's a risky investment and the price might change. The best thing to do would be to divide your investment portfolio but I would still put the majority to bitcoin and leave something in fiat also, you never know when you might need it.

I agree with this, with such fast bitcoin popularity and usage growth many governements feel urge to regulate bitocoin and other cryptocurrencies at lesat in some way and that is something we can't escape anymore. I don't think that regulation neccessary means full control but bitcoin might be put in some framework that would allow governements to have the eye on it. This could be good in a way of trying to stop or punish the misuse but maybe taxation could be one of the bad things.

Altcoins are growing each day, new ones appera all the time and mayn of them hope to be new bitcon. But at this point I can't see how this could be possible. Thre are some worth investing that have certain perspective for the future but I don't believe that any of them will ever achive what bitcoin has and have such value and adoption. So, no, altocins can't beat the bitcoin and can't take its' place in cryptocurrencies world.

It's important to accept that loss is something that is inevitable and that it will come sooner or later because you can't make profit all the time. But it's crucial always to stay within the frame that you can afford. And you have to have the strategy how to mitigate the risk and how to recover after you suffer the loss. And you mustn't think everything is ruined or that you are the bad trader if this happen sometimes, this might make you to give up and miss a lot of opportunities.

This is just a hypothetic question because in real life this wouldn't be possible but no, I wouldn't. Bitcoin isn't a type of currency that you can build economy on, especialy not the stable one. This would be a disaster. That is the main reason, not the fees, transactions time and taxes. But I don't believe that bitcoin was ever ment to be as official currency in any country in the world and that wouldn't be good for bitcoin at all.

Web wallets are the least safe of all and the most vulnerable. I've been using blockchain wallet for a while but I abandoned it because I wasn't satisfied with features and security. Not that I had some particular security issues but in that time hacker attacks were often and web wallets are exposed. It's better to use hard wallet or even mobile wallet and the most important thing is that you can control the private keys.

In.bitcoin you can invest much smaller amount of money than in real estate or stock and at the end you can have great profit. Biger profit for smaller investment. Real estate market changes all the time and it's not easy to always pick the right property that will bring you profit and usualy you have to wait a long time for that. With bitcoin you can see the profit right here, right now, on a short term basis and on long term too. And you can do everything from your living room, don't have to go around and see huge number of real eststes for investment until you find the right one.

I would say art. If you have a lot of funds besides cryptocurrencies it's good to invest in art. Their value with time only grows up and you can't lose, only get huge profit.
Real estates are not so profitable and their price often depends on the location and overall financial situation so that wouldn't be my suggestion. Gold is classic investment and that also could be an option but my first choice would be art pieces.

I have some doubts about bitcoin savings for children. If this is going to be on very long term no one could know what the actual price will be and this could turn out tricky. And of course you have to reveal to them the data for wallet access. On the other hand if the price continue to grow in such intensive manner they could be wealthy with only few bitcoins saved and you could realy make their life easier. I don't have children so I don't know what would be the smart thing to do.

Honestly, I like the current price very much and hope it will remain so. And it could, at least before the next fork that is coming soon and when a minor dump is possible. But afterwards this pump that we are having now could continue and by the end of the year anything is possible. I'm afraid to say but could we touch 10000$ by the end of December?

Panic is wrong word in every of these combinations. Panic motivated seeling or panic motivated buying are both bad because they are ran by emotions and not by rational decisions. If you don't keep your cool head it's very likely that you will make some mistakes and probably lose money. But contoling emotions could be trained and if you have plans for serious trading business this is something you should do.