of course money is important, but there are manything that can not be bought buy money like heath, happiness, love, pasion, time, knowleadge,...so the one who smart is the one know how to use money, save money and be smarter than money, dont be a slave to money.
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not yet, bitcoin is rising again so think you should wait until bitcoin drop and buy when it low, not just buy it now at the price 6000$, by waiting and buying bitcoin at the lowest price so when bitcoin rise again, you can have profit much more than now.
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I think digital money can replace paper money in future, nowaday, we are living in a modern society evolving everyday, so paper money cant not be used in future, because it destroy trees to make money, and in a digital world, we need fast and easy transactions so we use digital money, by that way digital currency can make paper money disappear.
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in 2009, bitcoin was the first cyptocurrency on the world, from that people usually use bitcoin as the main currency until now, however Altcoins was born after Bitcoin but they have many advantages than bitcoin, because they are created to replaced bitcoin in the future despite they quite weak now and bitcoin is extremely strong. so it will take time for altcoins to replace bitcoin in the future.
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There is a special wallet in our market, after you stored your money into that wallet, it will freeze your bitcoin forever without using internet.
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Bitcoin is changing the world more and more, it has made world more diversity in our market place, we have one more new currency: that is cryptocurrenies, we can use internet to invest an earn money to pay for our daily life.
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we all know has dropped recently, but it has trend to rise every month, and it has been forecasted to reach over 7000$ in this years, so i think will keep rising more in 5 years later, and may reach 10000$
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I agree bitcoin is better than gold at many ways: fast transactions, no delay, anonymous,high price than gold. However gold also has their own possitive side that can not deny: stable, good for investment in long term, popular since very long, symbolize a country economy. So despite the fact that bitcoin has their advantages, gold will always be a great symbol to a society.
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Looking at the chart of bitcoin price, we can see the bitcoin rise everymonth, so if it keeps this trend until the end of 2017, i think bitcoin can reach to 7000$ or may be slower than few months.
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In the past, bitcoin had been hacked by many hackers, the reason is bitcoin security was weak, but nowaday they have been evolve, extremely high security: 2 layers of authenticators, private key,... so it is harder for hacker to hack your wallet, but you should keep your password and private key carefully or you can lost all of money.
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Bitcoin price now is over 6000$ and still rising every week, but it is very unstable, but its trend is still keepsing, so i think bitcoin will keep rising in the future for more than 5 years until some altcoins can replace bitcoin.
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to my opinion, bitcoin can be both money and cryptocurrency, because we use bitcoin for trading and investing but we also use bitcoin to exchange into money to use in our daily life.
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Bitcoin is very special, it can be both asset and currency, when you have bitcoin in your wallet, if you want to cash out money, it is an asset, but when you use it for trade then it is a currency.
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Bitcoin like a digital currency, it both has advantages and disvantages, first it easy, fast transactions, second we can invest in bitcoin, trading,... but it has high risks when we dont careful with our investments, we can lost them all.
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I dont think bitcoin can survive that long, maybe 20 years is max, oneday it will be replaced by other altcoins.
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i thought bitcoin was so hard to get if i didnt know how to invest in Bitcoin. and i dont know how to use bitcoin to trade without help, but after few weeks, i already get used to it.
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rightnow in my country, the government is trying to control bitcoin, if they let us use bitcoin, of course they will charge taxes on Bitcoin because bitcoin is money, how can they let us go.
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in my country they banned bitcoin year ago, but we still investing in bitcoin, because they dont know the benefits bitcoin bring to us, if they cant control bitcoin they ban it.
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in order to earn money from bitcoin, you must understand there are many risks, one of them is Scamming. But if you have researched about exchanges, you can learn many things from them to avoid risks, and if you scare then dont invest, however, how can you rich without risk.
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one thing i regret that t didnt buy bitcoin 2 years ago, and now look at the price: 5300$, i realize Bitcoin's price can be more and more, so that if you want to buy bitcoin? It's never too late.
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