The good impact of bitcoin to the economy of the country is that it will open a brand new opportunity and jobs to its citizen, brand new development of currency systems to the establishments and corporations implementing the bitcoin or their own digital currency with the help of the blockchain technology. modernization of the currency structure of the state and produce job based on this new currency make the transactions and payment easier and more manageable.
The bad thing about this currency is the anonymity, if the government will completely legalize and adapt to this type of digital currency they need an implementation and restrictions towards the use of wallets and coinbase exchanges locally as this will be a tool to used to any criminal forms of activity and scammers. It is not yet stable, any day it will go up and down to its price making it not advisable to use it in everyday activities. Bitcoin is still an experimental currency but in the near future we will see that some countries will try to adapt to the digital coins.

Because some traits and potentials of the bitcoin currency and blockchain technology that behinds this currency are the opposite of central banking and it has already taking popularity through different countries all over the world. If the bitcoin succeeded to its original goal to eliminate the middle man or central control of the money, they have no choice whether to adapt their system to blockchain technology or refuse into it staying on the traditional banking where they are the one who manage to the money.

They said it's a bubble because your family didn't really know what the bitcoin is. Last 2010 people call bitcoin a scam coin, don't invest into it, they just need your money, that is just another money laundering machine and now to the present times where it proves that they were wrong and the price is overflowing and setting another record over the market, they have another vibe into it. A Bubble that pops out and then the value will be zero, what's next people? they will regret it again because they did not invest when the bitcoin is still thousands of dollars.

You can check some exchanges that will support bitcoin gold after the fork so that you will have your free BTG that time, but the recommended and safest way is to store your bitcoin in a offline wallet or a wallet that issues your own private key so that after the fork you can check some application wallet that supports BTG and then use the same private key where you store your bitcoins and then claim your free BTG without doing nothing, just make sure that is the official wallet of BTG as some hackers will create fake application just to steal your bitcoins so be careful.

The bitcoin proves itself already to the people who keeps bashing it and spread hate and bad news everywhere by the people who have a sick opinion over and over again that they are wrong. It proves that it can survive even though we know what happened  to the china about banning the ICO and exchanges to their country and some people use that opportunity to spread lies that bitcoin currency banned but just the ICO's.
Some people like Jamie Dimon keeps on giving a bad comments about the bitcoin but still bitcoin doesn't care and keeps on increasing.
We can make them wrong by continuing the support and love to this currency and it will never ends.

The sudden increase of the bitcoin's price is due to the upcoming hard fork this October 25 for the bitcoin gold as a lot of investors and traders most off all from alt coins shift and trade their coins for bitcoin and keep it on a wallet that they own the private key, this is because they can gain the same amount of bitcoin gold as the amount of bitcoin that they have without doing anything and earning over one day, that's why most of alt coins have their decreases while bitcoin have increase.

Now on November 25 it will have a slight downward to its price due to the people who are selling their coins back to alt coins again but at the end of this year we expect it to raise up to $7000 plus.

It is not literally an exchange of natural goods like in the old times like barter exchange, this idea of system uses crypto currency technology "Blockchain" computes the goods by the formula S = T*N for the S is the value of goods and T is for the Time spent of making goods and N is for the quality factor of time spent following the principle of Silvio Gesell the Natural Money is a great idea with the implementation of it in the blockchain based technology.

It goes to $6000 plus now a days that's really a large boost for this month as the hard fork will come and the free BTG will give after the fork that's why there is a lot of people who are investing or moving their coins to bitcoin steadily storing them with the wallet that they hold the private key. But the truth is bitcoin will always dominant over the altcoins.

It is really nice to set a rules in terms of money for management of it. This is money, one of the basic and primary need of the human kind and if you fail to do so you will end up with no money or less. Self-discipline, Awareness and Knowledge will bring you to a good profit with a good plan of management list for monetary, plus management in the digital coin will give you a boost to a good profit because of the sudden increase of it. always remember to not depend always in money, because it can't buy anything.

Yes that's right, the risk is always there as long as you have an internet connection, you connect your flash drive on a computer full of private key stealer viruses with internet, expect your coins will be lost. if you still prefer to use flash drive then don't you ever connect it to the computer with internet access, use an old computer then isolate it on the internet just connect your flash drive there and your safe for signing the transaction.

The most attractive thing that the bitcoin has to me are the ability to be used by an ordinary individual, unlike banking you there is a specific requirements and deposit in order to open an account to the bank, sign some papers and come to an agreement to open your account there is a lot of come around before you register to their banking system, in other way around is the bitcoin's ability to be used and open some wallets without restrictions and requirements.
All you need to have is a android phone or PC connect to the Internet, download a wallet software and then generate the private keys and that's it you've already open your own bank account in your own bank in the technology.
 

They need to do an action about this concern to their security measures as the bitmain database has been compromise and now for sale, if they've been already hacked last time they need to learn about it. They need to strengthen and secure more their database from the hackers as the personal information of the clients is at stake and can be compromise by the criminals. I hope it is not real as the info of the clients is in danger indeed.

Sooner or later the central banks will adapt the blockchain technology for the bitcoin as their system of banking and payment some them will refuse to emerge on this currency and remains on the traditional and old banking system, the future of the bitcoin will all depend on us because there is no individual who owns this currency but we owns the bitcoin, the future of this coin will be innovation or destruction, but the blockchain technology will surely be one of the systems that will adapt by the people.

If you want a fast and easy results, try to invest in digital coins specially bitcoins and other alt coins out there in the market, don't just focus in bitcoin you can divide your money to other legit altcoins that have a great potential to win the market, do cypto trading to earn fast results as they have a high volatility but do it at your own risk as you can lose some of your money so better to study it first. You can try cloud mining, just find a website that is legit and have a good feedback because there is a lot of scammers.

That's really an extreme ultra cold storage to store the bitcoins in a sophisticated storage with extreme security varieties located in the mountain, it is like a gold bars now about how they treat its storage, never blame them because of the bitcoins price sudden increases everyday, it is good for the multi millionaires bitcoin holders and big personalities to store their coins there, but for us we are contended with the Trezor or ledger nano s and for cheaper ways we use paper wallets.

My coinbase application has some issues like this sending coins to another brings up error and then sudden change on the transaction fee, slow response when i'm about to cash out, poor security and a lots of complaints about the system error, the main thing to do is to wait or contact the support of the coinbase application to help you out or better thing to do if there is no legitimate action, it's time to change your coinbase.

It always reach it's price drops yearly but that is just the emergence to its skyrocket price always remember that is the life in the digital currency just like alternative coins they reach the point where they have a drop of 20% to 40% to that day but bounce back to its former price the next day, another thing to consider is the selling of the peoples bitcoin the more bitcoins they sell the more the price will decrease, another thing is the banning and bad rumors spreading through out the people.

Is there any Crypto currencies that is from South Africa? this is also the first time i heard such a thing or you meant that in the future if south African's created their own digital coins? by the way yes that's great if there's any, it is time to step up for the Africans to adapt and familiarize to the cryptocurrencies, most of all they will invest in bitcoin because in the near future they will profit from it and make the digital currency revolutionize to their country.

I know one but that is a faucet but it can act as a wallet based on them and that is freebitco, offers 4.08% interest rate yearly for storing your bitcoin to their wallet, i know it is a risky one to move your bitcoins there although they have been established for years as a faucet, they are anonymous and have no physical establishments. aside from that there is no wallet that is paying the interest of the holders.

Paper wallet is one of alternative and cheaper way to store safely your bitcoin but if you really want to store it safely go for your plan to buy ledger nano or trezor.
For my wallet, i usually secure it on a old computer or laptop without internet connection touch to it, without internet connection, hackers and key loggers can't compromise my own PC.
If I'm installing some new wallet that is unknown to me i always test it first to a virtual machine so that if the wallet contains virus, your pc is safe 80%