I'm not sure about this but for me there is no possibility that cryptos will replace fiat. The first reason is that no government will allow that especially the banks. It will mean the end of business for them if there will be no paper currencies. And of course not all merchants accepts bitcoin especially those micro businesses that cannot afford to buy machines for bitcoin transactions. If ever there is a possibility it will take more years for a single country and much more for the whole world. And besides not all countriea acknowledge bitcoin.

It's funny since me and my brother just talked last night on ways how to convince people to use bitcoin. And we've come up with a lot of ways and some are really hilarious we laughed all night! LOL! So yeah, convincing people are hard especially if it involves money. And let me share to you what me and my bro came up with. First, I told him to earn a little more then use your btc earning to fix our house's roof then post it in facebook and capture it with "feeling blessed: thanks to btc we got our roof fixed!" Then he remembered one of the commercial of Max's he said why not build a house then capture the photos with "The House That Bitcoin Built." Well it isn't impossible to build a house using our earnings in btc but the thing is it will take us yearssss. And so that's how hard it is for us to convince people into investing nowadays. Most people won't believe us right away until we show them a solid proof. And not just a simple proof but a massive one. You know, to really capture their attention you have to have a story of a person from rags to riches scenario.

If you are earning just enough to get by, forget investing. What you should do is take online jobs that will pay you in bitcoins and that will serve as your first investment. In that way you don't have to think how much you will lose. Anybody who invested in to something experienced losses every now and then that's why it is considered a big risk if you are investing especially in bitcoin and even other kinds of investments.

I remembered telling my friends about bitcoin just a few weeks ago before it hits the $2800 mark. Not a single soul paid attention to what I was saying back then. And then came the BIP91 and the $2800 mark. I posted about it in my social media account and to my surprise some of them started asking me about btc and how to earn it. I admit that I lost interest in explaining it to them since they did not listen to me the first time. But being a good friend I discuss it to them but with lesser enthusiasm.

Having bitcoin course in universities are a good way to help other people to know and understand it more on a technical level. How it works and what can be done to improve it and other aspects of what bitcoin might face in the future and how to address it. Moreover, I think that universities should have a course not specifically about bitcoin but the cryptocurrencies as a whole. Their differences to each other and which are better in the long run.

The only thing you can do with your bitcoin is to convert it to cash if you really don't want to lose any of your earnings. If you are not investing on a long-term then you should pull it out and withdraw especially if the trend is goin down.Only long-term investors don't mind the fluctuation since they are planning to hold their btc for a minimum of five years up to ten or even twenty years.

I'm not sure but I have a feeling that you are talking about me my dear brother, LOL! Yeah, it sucks to lose your job days before your wedding day because the company shuts down and it is beyond my control. And of course we still push through with the wedding since everything was set. And I'm glad to tell you that my husband have a job now and that I too was contacted by my previous manager and offering me a job and will start soon. I just like to tell you how I appreciate your efforts in helping me get into bitcoin which helped us a lot. And we are now planning to put a percentage of our salary into btc. Thank you, bro!

When I read that you are only 15 years old but making your own money from taking online job such as signature campaign I felt happy. I know that in this new generation all teenagers nowadays spend most of their time in social medias and nonsense stuffs. Sometimes they even use it to cause pain to others. So back to the topic, I know how it felt when it is your first time to earn from campaigns and maybe you think that it is a good source of income. It really is. But honey I suggest that you take your studies seriously. Go to college and then later on get a stable job. Bitcoin is good but I don't think you should consider it as a long time job. Considering it a sideline job is good. You are on the right path and I see that you are responsible at a young age. Good luck!

I think one of the future challenges that bitcoin might face in the future years is its adaptability with the growing number of transactions. Ever since bitcoin became more popular, more and more people got attracted to it even those who only knows bitcoin as an easy money but never really understand it. My sentiment is if the total number of bitcoins can adapt with the fast growing number of transactions.

When bitcoin reached its lowest at $1800 I took my chance and bought another portion. I didn't mind the issues regarding hardforks and I'm glad that I did. When the $2800 mark came I have never been excited in my life seeing those numbers in my account. It really is about how far do you take risks. And I advice you to hold on more to your bitcoins and never ever panic because btc have proven itself throughout the years and it will continue to do so.

In my opinion it is best to invest your money than save it in banks. Realistically, it is good to have money in banks of course especially for emergency purposes and everyday living because you can easily withdraw them. There is this saying "let your money work for you" and I say it's true. If you have enough money to spare for investment I'd say invest in bitcoin and real estate. It's easy to invest in bitcoins and the profit is really high. And in real estate, we all know that land's value always appreciates and it's a good form of investment given that you are smart enough where to buy properties and study all the facts in buying.

I don't think there is any relation between gold price and bitcoin price. Aside from some factors that affects both of them in terms of price value. According to Total Bitcoin, the factors that affect bitcoin price includes governmeny regulation, media influence, stability of the bitcoin network, the demand and supply, wider mainstream acceptance, large businesses dumping to fiat currency, technological changes and innovations, and market manipulation. While for the gold price, according to Scottsdale Bullion and Coin, the factors are global crisis, inflation, value of US dollar, central bank instability, interest rates, quantitative easing, government reserves, jewelry and industry, gold production, and the supply and demand. One thing that is clearly common between gold and bitcoin is the effect of price and demand that is relative in any goods or product's price.

Advertising bitcoin is a sure thing way of promoting it to the world. The percentage of people who uses internet to discover this kind of technology is really small compare to those who watch television. The only problem here is who will fund this kind of advertisement? True that the more people knows about bitcoin the higher the demand will eventually be. And everybody who owns bitcoin will really profit from that. But I don't know anybody who owns bitcoin that will spend his money just to advertise it on TV. Group of companies and brand owners pay for the advertisement of their goods because they alone will be the ones to gain from it. Then who will advertise something that he is not the only one to gain from it? The government? No, I don't think so.

In my opinion, there really is nothing to worry right now. So I suggest that you hold on to your bitcoins a little longer if you can. And absolutely no need for you to be afraid of August 1. Let it come without worries because your bitcoins are safe. If you haven't noticed, the value of bitcoin this past few days have soared and everybody's happy. In fact I have cashed out some of my bitcoins just a few hours ago. With regards to buying altcoins, it is also a good investment. Invest in both bitcoins and alts. I also have plans of buying altcoins myself. So just enjoy and be smart in investing and there will be nothing to worry about.

Username : jc89
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Thanks for this guide. This will surely help anyone who intends to invest in this very ICO. Keep up the great work!

I think more retailers will accept bitcoin if its value will be more stabilized. Especially now that the value is deflating every day. So maybe more retailers are still waiting on what will happen after the hard fork. Retailers are businessmen who are not ready to risk when it comes to transacting with bitcoins. They will need more time to be convinced to accept btc. It's good to invest in bitcoin if you are investing for long term but retailers need cash to run their business.

Both gold and bitcoin have their share in investment.They are both valuable although gold has been in the industry for a very long time and its value will never die. While bitcoin has just began. I think both are good form of investment in their own ways. Bitcoin has proven itself as a potential form of investment and its value is unarguably good. If you'll ask me I might opt for more gold than bitcoin with a ratio of 60:40 because with gold you have a tangible asset. We can make jewelries out of gold and there's not a single person who doesn't now or wants to own a piece of gold. While bitcoin on the other hand have a limited audience. But of course the profit in bitcoin is definitely much higher than of gold. So I say invest in both gold and bitcoin.

Don't get me wrong but I would want to have cash on my pocket. It'snl what I use to buy my share of investment in bitcoin. But to answer the query here are some of the advantages of bitcoin over cash. First, its easy to carry and to transact with. It's indestructible since it is not in a physical state unlike cash that can be easily torn into pieces which then will be worthless. Another thing is that bitcoin's value is way much higher and its inflation rate is too high. That is if we are to talk about 5years after bitcoin was made because right now bitcoin is really having a hard time right now. It's deflating rapidly but I guess we just need to wait and be patient for it to bounce back. And voing back to yhe topic, most of all, bitcoin is decentralized.

Honestly, nobody can really tell what will be the fate of bitcoin. It won't last a lifetime not unless it will be acknowledged throughout the world as a currency and that every country will use and treat it like our traditional currency. But to answer the question if it will reach 20 more years, that my friend is everyone's wishful thinking. We really do hope it lasts more than that but really, nobody can ever tell.