There are a lot of external factors to consider when speculating the price of bitcoins in the next 5 years. No one can actually predict its final value due to its volatile nature, but I do see bitcoin in the positive side in the next 5 years assuming that there will be no ICO banning on other countries, hard forks, or even prohibition from other countries. By looking it at the long-term perspective, it is paramount to invest right now if you aim on earning profit significantly. But do reminded that there is also the chance of its price decreasing without sudden notice.

Well I consider "hard forks" as pump and dump since it dramatically decreases the price of bitcoins, thus making it the perfect opportunity for investors to hoard coins for future investments. But to answer your question, personally bitcoin is not a pump-and-dump due to the fact that it got its reputation based on its nature being decentralized and volatile. Before, many people tried risking their investments into bitcoin and to their avail their risks paid-off. Also if bitcoin's reputation was caused by pump and dump, then I doubt that its price would not reach $1000.

Both are considered the future of cryptocurrencies due to the endless possibilities and potentials of their price increasing in the future, but bitcoin will reign over the years due to its exposure and reputation around the world. We need to consider first the factors on why bitcoin became famous especially the number of investors who already are rich due to bitcoin. If you were to ask a question to a stranger regarding the existence of bitcoin or ethereum, most of the time he/she will answer that they heard bitcoin over the news, televisions, or magazines.

Anything in this world have their respective time-clock as nothing is constant. Bitcoin's life may be limited depending on the circumstances that will happen in the future, especially if countries will start to ban its transactions and utilization. I believe that bitcoin cannot be supersede by any other cryptocurrencies since it has already established its name internationally.

Never is it too late to invest into bitcoins since its volatile nature may increase/decrease the price without any notice. The price of bitcoin tomorrow might be higher compared today, and that is why it is never too late to invest.

It's not that many people are against it, most are just afraid of investing in it. Due to its decentralized and volatile nature, its price may change without sudden notice. Not to mention, the guarantee of security compared to other investments are lower since it is impossible to regulate bitcoin. In line with the said reasons, most people are skeptical into this high-risk, high-reward investment. They rather choose the safe option in order to avoid losing all of their money. Lastly, I guess that due to its increasing popularity, there are news spreading about its disadvantages attempting to destroy its existence because of the potential threat it affected banks and other companies related thereto.

First, you need to understand the concept behind cryptocurrencies and their nature being decentralized and volatile (for bitcoin's case). Due to its nature, it is impossible to regulate bitcoin and predict the final outcome of its price. In the even that bitcoins were to be regulated by the government, then expect that it will be imposed with tax due to the sheer volume of users who transact with it, and the price might even be less volatile.

In the positive side, it may attract more people especially to the ones who have their doubts since they have the guarantee of security due to the intervention of the government. But also expect that there is the tendency for current investors to drop their investment because it defeats purpose of the investment, being less volatile. Bitcoin may not be different from any other investments like bank interests, stocks, etc. and the only factor that separates it is being digital and virtual.

Yesterday, the bitcoin's price reached up to $5800 and right now, it has been on the $5400-$5500 area. You are definitely right about what keeps its price growing. Since there are people who invest into bitcoin daily, its price continues to rise especially when considering other external factors as well like the acceptance of bitcoin over some countries, new investors daily, and rising of retailers that accept it as payment. Its price might even reach the $6000 mark by the end of the year if this continues on. Be reminded also that despite the increases, there is always the potential of the price decreasing without notice so take caution in every news.

Though I do not have any job yet since I am a college student, my mother gives me monthly money to spend according to my discretion. Sometimes, there are moments that I exhaust half of my money at the first week of the month, and that poses a problem of me managing it. But I take it as an opportunity to practice managing and saving my money in order to be more responsible when I get a job in the future. Fortunately, the weekly payments that I get from my campaign signature defeats the purpose of engaging into a side-job to earn extra income, since it might compromise the time I needed for my studies.

Explaining bitcoin as an investment is easy to understand since it totally falls under the aspect of any other investments (bank investments, bills, treasuries etc.). Regardless of the value of bitcoins in the future, it is still an inheritance that forms as a bonus. They have the authority whether to spend it, or keep it in taking advantage of its volatility. Regarding your question, you can always keep your coin in a wallet that is commonly-used by most individuals in order to reduce the risk of scamming in the long-run or you can also create multiple wallets if you think that it will solve the problem of scamming or hacking.

The answer is no. Since bitcoin's decentralized nature provides anonymity when transacting, the government of each country cannot regulate its transactions thus invalidating tax implementation on it. The government also does not own bitcoin, as it is a separate entity distinguished from other types of currencies and services and internationally recognized as an investment due to its volatile nature. In the Philippines, the government said that they see bitcoin as property, therefore not subject to legal tender (payment of debts etc.).

In the event that I lost 50 bitcoins in a gamble, then I would inevitably be depressed and reflect on my actions as an individual with priorities. That is primarily the reason why gambling has the potential in destroying your life when it comes to decision making. It creates this endless illusion of you betting and betting again regardless of your winnings or losings. Gambling can never be profitable in the long-run and that link is the living example of it especially when YOU DO NOT KNOW WHEN AND HOW TO STOP gambling.

By taking into consideration the wallet of bitcoins being on the internet, then it is always subject to hacking. Though being digital may be inclined towards technological advancement, what hinders its success is the tendency for it to be hacked. That is why digital currencies cannot be at the moment, be the main medium of exchange and replace fiat. Personally, I suggest that you keep your bitcoins in separate wallets in order to reduce and avoid the risks of losing all of your investments. It may not be the best advice but it surely fixes the problem.

We're on the same page. The only wallet that I am knowledgeable about is a web-wallet. Fortunately, my country provides a web-wallet that is commonly-used by most of my country men as it provides different modes of payment and options to cash-in, or cash-out my bitcoins. Since the wallet that I am using is on the internet by nature, there is always the potential of losing everything in the event that the website will be scammed.

Personally, I suggest that you divide your bitcoins into multiple wallets to reduce the risk of losing everything in one-go. Though the risk might increase, at least the value that you lost is lower compared if you put all into one wallet only.

This is what I am talking about countless times before adapting digital currency around the world. It is true that in the near future, the technology will inevitable advance towards the digital revolution but we need to consider that there are still developing countries focused on fixing their current problems regarding the economy, rather than prioritizing internet connection across their country. Every country's advancement and progression is different from each other. Hegemonic countries like the U.S.A and Japan (in terms of economy) have their goals inclined towards technological innovation compared to countries that are on the short end of the stick.

Though China has the most number of ICOs and investors due to its sheer volume of population, I still believe that one country alone cannot decide the fate of bitcoin especially when considering the number of countries that are beginning to accept it as an alternative way of payment. Looking at Japan, their government is starting to accept ICOs in their country and at the same time supporting bitcoin transactions by providing services that accept it as payment. The number of countries that accept bitcoin as a payment dictate its volatility in price and reputation. Soon, more retailers will accept it as a mode of payment.

Like any other businesses, the primary goal is for the realization of profit whether for short or long-term. Other cryptocurrencies besides ethereum and bitcoin were created primarily for profit, regardless of their main goal. Many ICOs are starting to boom since there are a lot of investors willing to take the risk into earning profit. Most of them aim to earn only for short-term due to the risks involved into participating into these coins. But before you invest, make sure that you do your research in order to avoid scamming, as it is rampant nowadays.

Well, it is inevitable in the future that every country will adapt to the changes on the technology. Soon, our world will incline towards the digital aspect of currency, which gives an edge to bitcoin in terms of payment. But be reminded that in order to achieve this ideal future, each country must develop and adapt to the current system which I think that poses a problem.

Each country have their own social standing, whether they are developed or still at the developing stage. If we suddenly implement digital currency and remove fiat, this would create chaos regarding the economy. Bitcoin can never make banks disappear at its current stage as their are still countries that prioritize fixing their corruption rather than having internet access across.

Technological advancement is inevitable in the future in considering the phase of changing everything to digital ideally. Slowly, the developed countries are inclined to that change and are already developing mechanisms to be ready for that change. But the problem lies on countries that are still developing and are on the weaker side of the edge. Their priorities as of now are focused on how to fix their country, rather than providing internet access across their country. This would lead to chaos in the economics if we suddenly change our fiats to digital money.

Well in my country's case, my friend interviewed the lawyer at our Central Bank and they said that bitcoin is treated as property, therefore not subject to legal tender. Applying your situation, it is indeed impossible to track down bitcoin transactions by applying its decentralized nature. The government also does not want to interfere yet involving some transactions because their are only a few number of people who know bitcoin. Currently, it helps the economy by making it liquid and by increasing the money supply on the market.

You don't teach kids directly about bitcoin and the blockchain technology as it is very complex and difficult to understand. Instead, you teach them the value of money and saving to prepare them while they grow-up. You can explain them the basic principle behind saving money and the advantages of it. In that way, they would adapt to the system and probably try to save money for their own expense. That's what my parents did when I was a child and not to boast anything, currently I have saved up enough money in the bank for my law studies.