Bitcoins rolldown by $1000 is not a big deal. After a high of $17300 last week, these corrections are expected. Even dropping by $1000 bitcoin has recovered the same day more than $900. This is a normal process. Actually it is chance to earn more money for bitcoin traders. Bitcoin traders buy on every fall and sell on every rise. When China banned bitcoin, it has dropped nearly 20% a day but recovered soon and now crossed a record mark.

People are not feared of cashless world, they are worried. Because in many countries infrastructure needed for cashless economy is not yet reached. These countries cant afford to adopt and implement it. If world become cashless how will these countries survive. Fiat currency is backbone of many countries. People using digital currencies are still fond of fiat currencies. Cash is the easiest mode of exchange in any part of the world. Without proper implementation cashless economies will ruin the poor people.

It has been told from to time by the cryptoexperts that bitcoins are always safe with blockchain. Bitcoin is a decentralised peer to peer exchange currency each and every trade is verified by its miners again and again. So it is almost impossible to break blockchain and steal bitcoins. Still bitcoin get stolen, but from the bitcoin wallets. Bitcoin wallet users are not serious about their wallet security. Lapses in security of wallet allows hackers to your bitcoin wallet and stole your precious currency.

Mother cryptocurrency bitcoin has shaken the investment market by its roaring price. But its value of $17000 is quiet expensive for many. So they are shifting themselves to second popular cryptocurrency ethereum. Since October 2017 etherem is showing constant upward trend, it has started from $281 and today reached at $662, with this pace it will definitely cross $700 mark. Though price of etherem far less than bitcoin it is relatively less volatile in nature.

 Bitcoin`s founders have not created it only as a tool for investment. They have very broad idea, they want to reduce or eliminate the problems faced by common while doing transactions with banks and with fiat currencies. Bitcoin as a currency is the best hassle free tool of trade. Its decentralised nature is eliminating the intruder from a trade. But due bans and regulations from governments of many countries it failed to become a popular currency. But it has achieved a great success as an asset/investment. Investment in bitcoin has given far more returns to its investors.

Bitcoin has very little effect on world economy. Bitcoins price increase to $17000 does not mean it has affected the world economy. World economy is approximately worth $83 Trillion among it bitcoins share is worth $41billion. Its far less than fiat cash and even from gold currency.  But it has indirectly benefited many countries and people. Bitcoin mining is a big industry it had created source of income to many bitcoin miners. In bitcoin exchanges many traders and investors trade, which have them additional income and also a good return on their investment. Bitcoin has created jobs to many mobile wallet creaters. Thus we cannot ignore the contribution of bitcoin industry in world economy.

Its sounds really good. Bitcoin is the decentralised most flexible, easily transferable currency. If it is used as a national currency it will save lot of time and money of countrymen. Generally currencies are controlled by the government of that country they use it to keep hold on economy. So it is impossible that any government will allow btc or any currency to act like a national currency. In fact countries where bitcoin was allowed to function as a mode of transaction are banning it by having reasons like security to their fiat currency or security reasons. Some countries are planning to introduce their own cryptocurrency

People are seeing fiat currencies since generations so they are used to it. Bitcoin is a digital cryptocurrency, it lies only in mobile wallet. No one can see or feel it. That may be one of the reason people are afraid of it. Traditional currencies are backed by government or by central authority, bitcoin is an autonomous currency backed by no one.  Traditional currencies are easy to exchange needs no infrastructure like mobile wallets. Traditional currencies are relatively stable, bitcoin is the most volatile currency so many investors or traders stay away from it.

Bitcoin price is rising since last month. So do its popularity. Bitcoin is there since 2009, but came to light since last two months because of sudden rise in price. Many experts including governments calling this sudden rise in price as speculation. According to them this high price is a bubble which can burst any time. Bitcoin is a decentralised autonomous currency, it works on peer to peer system. That is why no one is there to defend these allegations against bitcoins. Bitcoin needs publicity, bitcoin exchanges must came forward for this. they can arrange seminars on cryptocurrencies or on bitcoin currency. After all it will help to raise their profit.

There are more than 1000 cryptocurrencies introduced after 2009. Among them only four to six are popular and working successfully. Cryptocurrencies share in the world economy is around 100billion USD. However it does not mean that all the currencies are safe and will remain safe forever. They are having competition among themselves. Cryptocurrencie`s image get disturbed, when ransomware attackers asked their ransom money in the bitcoin currency only. Many countries are banning cryptocurrencies due to security reasons as they are decentralised in nature. Many countries are planning to introduce their own cryptocurrencies.

Limited supply of bitcoins but uncontrolled and ever growing demand is the main and only reason bitcoin price is rising so fast. Common investors are staying away from bitcoins due to high price and huge volatility. All other currency and commodity markets of the world are in low mood, as a result speculators big investors and billionaires are playing in bitcoin market today. This is the reason bitcoin price is showing such a unexpected growth.

Two month before i would have really, but now it`s quiet risky for me as well as for the investor. Till October bitcoin was relatively stable, there was consistence rise in its price. It was a good period to invest in bitcoin currency. Volatility was relatively less. The only big roll down was on the day when China declared ban on bitcoin currency. On that day bitcoin dropped sharply. But since last month bitcoin price raised with such a pace giving no chance to convince some one now it has crossed $ 16000 mark. Now the price has raised up to such an extent that it is beyond limit of common investor to invest. It has become more volatile than ever before. Risk of loss is also risen.

Recently seen a video on BBC, they were surveying  places where bitcoin get accepted. Except metro station at many places bitcoin get accepted. But that was in England. In my country bitcoin is still unknown to more than 60% population. Bitcoin is now getting known to people due to its rising value. Bitcoin is mainly used and popular as a mode of investment or as an asset, its use as a currency is quiet less. Merchants are not ready to accept as a medium of trade. In my country only one restaurant situated at Bangalore is accepting payments in bitcoins, otherwise all are happy with traditional modes of payments.

Volatility is the basic feature of any cryptocurrency. Up and downs are always good for the development of any currency. Bitcoin is rising since one year repeatedly. Bitcoin has crossed $17000, so profit booking is obvious. When it first crossed $15000 after that it rolled down near to $9000. Even in last week when it crossed $17000, again rolled down and settled near $15000 mark. These ups and downs are the best opportunities for bitcoin traders and investors. Experts are predicting bitcoins price around $20000 by the end of this year and by $5,00,000 in the next five years. But these targets will not get achieved easily, it will be followed by many ups and downs.

Trading is not always unpredictable job. Movements of currencies or equities depends on certain factors, a person can be a successful trader when he makes study of all these factors. This study helps him a lot to predict the direction of that currency. Some traders do trading activity professionally, first they study pattern, movements of that currency, and they also study the external as well as internal factors affecting a particular currency. They use previous data, study charts, graphs professionally. But sometimes due to some uncontrolled factors currencies become volatile and as a result move sharply creating loss or profit. Professional traders always use stoploss while trading, this help them to reduce loss in any trade.

The price of bitcoin is determined by the flow of demand and supply. Every currency has some volatility. Whenever the demand and supply flow disturbs and volatility increases then government or central authority interments and regulates the same. Bitcoin is a decentralise currency it has no central authority to regulate it, as a result it moves sharply on up and down side resulting huge loss and profit for its investors. Limited volatility is good for the health of any currency but uncontrolled volatility is a bad thing for the development of any currency. 

Answer to this question is quiet difficult. Since last one year bitcoin price is rising continuously with great pace. Its popularity is increasing day by day, its unexpectedly raised price is attracting investors towards it. Due to limited supply and increasing demand bitcoin has become the most volatile currency. If bitcoin developed with such a pace it has bright future ahead and may achieve target predicted by John Mcafee. But sudden rise in price also worried many experts, they term this sudden price rise as a bubble. Illegal activities also started using bitcoins in their trade. As a result many countries like China, Japan, India, Australia, Indonesia banned/ regulated bitcoin transactions. If this continuous to other nations then bitcoin future is not promising.

This year was really challenging for bitcoin currency and its investors. Bitcoin has seen many ups and downs in this year. But it has proven its quality. Cryptoexperts have predicted $10000 figure by the end of this year but bitcoin has achieved it a month earlier. It has already crossed $17000 mark today. Now new target is $20000 by the end of this year is predicted by experts. I am sure bitcoin will achieve it before time. Traders have opportunity to earn money in this month, it is always advisable to buy on every fall and sell on every rise. This is the best strategy.

It was really the main motto of Satoshi Nakamoto to reduce or minimise the problems of common people. That is why he (?) introduced bitcoin a cryptocurrency. People who have digital payment facilities available in their countries are doing them same in their day to day life. But people from third world countries or some African countries are ready to use bitcoins, but lack of basic infrastructure facilities like internet, mobile wallets etc. preventing them from using bitcoin. In some countries the government itself is against use of bitcoins. So people are helpless.

Bitcoin is a decentralised, autonomous currency. Its supply is restricted to 21 million bitcoins. Due to trust and confidence by its investors and traders bitcoin`s price is crossing new targets. Bitcoins limited supply and growing demand making it more and more volatile day by day. Such volatility is risky for any currency. Bitcoins price swings up and down by more than 15% at a time, resulting in profit as well as huge loss for its traders and bitcoin holders.