It is not that hard to explain bitcoin to teenagers because they can easily pick up the things that you will throw to them like the things that they need in order to make transactions well and also the things that they need to remember while in case of the children it is hard for them to understand because they don't have that exposure too much.

When i was just started in bitcoin it was a very confusing moment because i don't know if i will use all the faucet sites and also invest to the hyips that are promoted by the people in different site so it was not that organize start but after a few months of using bitcoin, i clear some confusions and now i am able to determine a site or investment site if it is good or not.

Just put your cryptocurrencies into sites or wallets that you have the control to your private keys so you will not face any kind of problem in the future. Most of the times wallets now are open-source and also give chance to its users to control their private keys so you will not experience such a hassle to find good wallets to store your cryptocurrencies.

I think the reason for the price fall of bitcoin is most of the bitcoin users are now securing their profits in bitcoin because there is a chance for the event in august 1 to be ended in being a messy event so it can drive the price down which is very frustrating for most of the users so even now they are just collecting and securing profits.

If we will treat bitcoin as an example for this kind of question then we can say that it will be a very huge help for bitcoin to goes up very high and breaks a lot of ATH prices and make some more. The power of having one currency only is by the demand that can make things crazier than before like if we will use bitcoin only.

The price of bitcoin is not likely going to that price because there is a lot of panic selling right now and it is driving the price of bitcoin very low and i think it will just continue to dump and dump until it is cheap again for panic buyers. Bitcoin is just tracing a good support and i think if bitcoin will not trace that as soon as possible then the price of $4,000 will not become a possible price.

Simple, the price of bitcoin will explode and it will become a very famous and well known currency because there is no boundaries for bitcoin anymore because it is legal and nothing can stop it and it will dominate the world market of currency because of the massive adoptions that will happen to bitcoin which is a very exciting moment.

It depends because we can't really see the future and even if we expect a lot of positive things about bitcoin, it can still have a lot of problems that can lead for disappointments and can break the expectation for the future so i think it really depends and we cannot tell if bitcoin is really the future of the money because there is threat like ethereum.

The price of bitcoin is so high and a lot of users are also executing transactions everyday so it is more like a race for every kind of transaction so it is either you will pay high to get to the finish line fast as you want or pay average fee which will take a lot of hours or even days before you fully received it.

This is the proof why many of us calling the market now is a bubble or over hyped because almost all the prices of the coins even bitcoins, ethereum and many more are resulted mostly of hype so there is nothing new to this kind of scenario of fast dropped for the prices of the coins and if you are a true believer with a high faith then all you need is patience to hold.

They already did, let take bill gates for example and his famous quotes about bitcoin which is "Bitcoin is unstoppable" in that quote he looks very confident when he said that and also like he has a guarantee that bitcoin will be the next big currency in the world that is unstoppable probably because of being decentralized.

The person that will get rich with this kind of currency is those who got a lot of bitcoins in their wallet and if you have a lot of bitcoins in your wallet then you can be one of the newest wealthy elite in the whole bitcoin community and it cost either hard work or a lot of money and you are the one who will choose which is your type of payment.

If you don't have any kind of money that is extra and can be used for buying some offline storage and you only got internet and laptop or desktop then using a desktop wallet is good for you as long as it has good feed backs and also if it already built some good reputation in different communities like electrum which is what i'm using right now.

I hope other countries will also the same like the Australia treat bitcoin because it will help a lot of people to get in bitcoin and also promote bitcoin that can change someone's life without putting a lot of effort like in the usual jobs or sources of income in the real world.

Yes, I want to be rich and i think i can easily get rich if i will believe and have strong faith to bitcoin because if i will buy at least 100 bitcoins now and keep it for long term like for around 10 years then i can be easy be rich or richer soon.

If you want a retirement fund or if you want to secure your future then buying bitcoin or collecting it while you can is the best option for you to have a secured financial future state. Most of the people are putting their bank account savings in bitcoin because they believe that bitcoin has more potential than the interest which is very low in banks.

Buy bitcoins as much you can while the price is not touching the price of $3,000 for a bitcoin. The price now is still worth it and you can still make profits if you buy now and hold it until the price of $3,000 for one bitcoin. The breakouts in the chart is the sign that bitcoin is ready to take off and i believe that it will be stable at $3,000 at the end of the year of 2017.

The price of $3,500 usd is very reachable for bitcoin and i think we will see that price as soon as the fork is done because a lot of things will be on positive side and a lot of people will get comfortable in bitcoin for using it for the future and also for the long term run.

This is why i love bitcoin because it makes other people rich by just holding some of it or growing it on different kind of sites that is available like investments or trading. I am planning to accumulate at least 3 bitcoins and put it on cold storage so i will have a chance to be a millionaire also in the future.

I spread my knowledge about bitcoin if someone ask me then i will answer his/her questions and i will be patiently teach them step by step so they will understand it very well and also i try to convince them to not feel bored when using or earning bitcoin because it is just in the start that they will loss some money or get small profits but in the long run they will get higher incomes.