Yes, I somehow think the same. Because to reach that 10 million USD mark for one bitcoin, the market cap needs to be even bigger than the size of world economy which ain't gonna happen in any way. I can even think of trillion dollar market cap for bitcoin but that won't bring the price up to even 1 million price point. So honestly 10 million is a distant dream for me as well. I will be happy if bitcoin can cross 20k USD mark because that is my goal price and then I will be able to leave my job and travel the world for the rest of my life.

Job and trading, both in hand is a good combination and very much needed. Job will offer you a limited amount of income every money, but the income is assured, you don't have to worry about your daily expenses. Where as trading will give you some extra cherries on the top of the cake. There is no particular method or strategy to get a good income from trading. No matter how technically strong you strategy is, your speculative power plays a big role in trading which no one can teach you.

A lot of resources available in google to learn about candle chart and other technical details but nothing comes handy in times of trouble other than your speculative power. Try to track the market very closely for initial few days. Find a time of the day when most of the traders worldwide are online and active. You will see some significant changes in market dynamics at that time. track it for 10 days and try to find an average movement of coin price on the basis of time. Then try your luck accordingly. That's a small strategy I followed for sometimes before I moved in to arbitraging. 

Bitcoin is not backed up by any physical asset like any fiat currency. Most of the fiat currencies are backed up by Gold and Silver. But we can say that bitcoin's value is backed up by public trust worldwide. The more people trust and invests in bitcoin, the more the value will go up. If the investors start feeling negative about bitcoin, they will start selling and the value of bitcoin will come down. Recently when China announces ban on ICO, a lot of Chinese investors started selling their bitcoin holdings which increased the bitcoin inflow in the market tahn the demand, resulting in price dip. So we can say that bitcoin is backed up by public trust in a way.

The bitcoin was initially started with the idea of being a virtual currency and not as an investment. However, being a pioneer in crypto market, bitcoin started getting a lot of investment from worldwide and based on the normal demand-supply rule along with few other factors, price started getting increased. Due to which bitcoin slowly moved to become an investor's paradise.

However, at the current scenario, bitcoin is not fit for becoming a currency because of its huge transaction confirmation time. The average time of confirmation is now 30+ minutes which makes it not fit for daily use. Also the factor you stated, is very true. The price is so dynamic that the cost of a  pizza can become double within few days. So fiat is best for daily use and purchases and bitcoin as an investment, at least for me.

If you want a cold storage then go for paper wallet with encrypted private key. That is the most secure way to store bitcoin regardless of the amount. However, if you are a frequent trader and need your bitcoins to be moved very frequently, then try some light wallet like electrum which has a feature of making multiple transactions at once by paying a single transaction fees.

However, don't forget to diversify your bitcoins in more than one wallets. Try few online wallets like blockchain and coinbase and hold a minor percentage of your bitcoins there for transactions on the go. Choose a mix of wallets to store your bitcoins so that you don't have to worry much about being hacked. You will always have some financial backup.

There is a sub-forum in bitcointalk called "lending". You may want to check there if anyone is interested to lend you some. However, you need to provide security for your borrowing request. Otherwise, it is almost impossible to get a loan from anyone. You can also try btcpop. co website. They have a structured lending procedure and you need to provide all verification documents to them as per their requirement. Once verified, they will assign a limit to your profile and you can start a borrowing request. If people find it worthwhile, they may be lending money to you.

Bitcoin can be regulated by the government in terms of circulation but not over the bitcoin network. They can regulate the bitcoin users for their country and can provide a framework to tax or regulate the circulation. However, it is almost impossible to actually track down each and every bitcoin transaction in their country. Because bitcoin is not structurally built that way. The technical prowess of bitcoin is in it decentralized theory, but can be tracked through a public ledger for a known address. However, if a person use different wallet and different account for every transaction, it will become very tough to track the transaction whether it belongs to a single person or not.

Cloud mining websites are mainly an evolved form of ponzi schemes, so I won't recommend you to invest any money in to any cloud mining platform. You will receive payouts for few days but it will run away with your money after few days. Till date, I didn't find any cloud mining website that are real. Mostly run by group of scammers. So try to avoid them. Instead try to invest in mining rigs and start mining from home. The initial investment will be high but it will reward you suitably if you can mine the right coin.

There is no way to make sure that bitcoin will not be banned by the governments around the world. Instead the chance looks higher because the governments will be forced by the organized financial sector companies. Banks and lenders are already identified bitcoin as a threat to their business and that's why JMP chief Jamie and an African bank released the statement that "bitcoin is scam". I think some more countries will follow suit.

However, it is impossible for the governments to ban bitcoin completely. People k now about many techniques to bypass that ban and will continue to use bitcoin and other crypto currencies as per their wish. So I don't see a big reason to worry, at least as of now. However, if the governments start taxing on bitcoin transactions instead of banning it, it will make more sense and both parties will be benefited.

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I doubt EU will take such risk of banning bitcoin. The financial situation is not good for EU and jobs are at stake. If they ban bitcoin, more and more people will line up to get jobs which will worsen the already broken employment situation of EU. A mass protest will follow suit. Few years back, Indian government tries to ban porn which doesn't have any direct relation with money, but later retreated due to mass protest. But bitcoin si directly related to money so an even bigger protest will take place in EU I believe. But I don't think we will have to worry and sell out our holdings. If it goes down to few hundred dollars, we will have an opportunity to buy more at a cheaper price.

It's true that uncertainty is still there in the market, but amidst this uncertainty, the growth of bitcoin's market cap and price has been phenomenon and going strong till date. I don't think any government will have the power to ban bitcoin entirely because there are many positive changes that has come with bitcoin. A lot of people have found an alternate profession with bitcoin and they are not looking for jobs outside. That number is huge and every government must factor in that number before taking any drastic step against bitcoin. Banning bitcoin will only add to the present unemployment situation and worsen it. I don't think any government will take such risk.

Instead if governments start legalizing bitcoin and related business in their country, its revenue will grow. I believe bitcoin community will not mind paying a little tax on their earning if the government legalize it. IT will be a win win situation for both. I have already started adding the income from bitcoin in my tax filing since last three years just to be on the safer side. 

Government doesn't have the power to regularize bitcoin. Instead it can regularize bitcoin users by providing some framework and taxing on transactions. Once it happens, then probably it will give more boost to bitcoin and crypto world all together. Because the legal status of bitcoin is not clear in most of the countries and still the market cap is 96 billion USD high. Just imagine where it can reach once governments start approving it. A little tax will not do any hard but instead an approval will ease a lot of things and overall it will be good for the crypto world.

I have also seen the twitter campaign of VID-STREAM ICO. But I didn't update it because the OP didn't release the spreadsheet of accepted participants. So most probably participants are not going to be paid.

Frankly speaking, I didn't find any website or program where your investment can be safe. Any website asking for investment and promising an interest in return, is known as ponzi and these ponzis must be avoided at any cost. Ponzis are scam and they will never return your money. Once you invest with them, they will pay you for initial few days, but eventually run away with you investment.

Instead, I suggest you to invest in trading. This method is also risky but the risk lies on your capability. No third party will get their hands on your money. If you play it right, you will win and if you play it wrong, you will loose. Try learing trading strategies from youtube and start with small amounts. Once you become confident, increase the amount. Trading is the only way to make the best possible profit in crypto world. 

I am sure that the fiat currency will never going to crash just because of bitcoin. That may be possible for any external factors like trade deficit and gold deposit, but certainly not for bitcoin or crypto currency. Fiat is a century old system and it is almost impossible for some parallel currency to bring fiat down in any way. We earn in bitcoin and at the end, transfer it to fiat currency because the acceptance of fiat currency is higher worldwide. Bitcoin is not structured to bring down the mainstream currencies, rather, it has built to create a parallel economy worldwide. People are earning in bitcoin and then cashing it out in fiat. So they are inseparable.

I won't recommend you to invest in any single coin. Instead diversify your investment in more than one coins. Split up your surplus money and invest in more than one coins based on your risk taking capability. Diversification is a very basic requirement for any portfolio and it lowers the risk level of your portfolio. It ensures your capital protection during the bearish market.

I have been investing in bitcoin since  along time now and I have now started investing in ETH since last few months. I had a chance to buy ETH when the ETH price was just 10 USD. I regret that I didn't buy ETH at that time. I started with ETH when the price was at 260 USD. However, I have now started investing in more coins apart from bitcoin and ETH. I too have a long term goal and I believe my diversified portfolio will fetch me a higher profit in future.

That probably will change the distribution of wealth in our society. The trend has already started and it will continue for the times to come. There are lot of people earning in bitcoin are living a decent life only because of their earning through bitcoin. The rising price is giving even more profits to them. So bitcoin has created a parallel economy around the world which is more secure and anonymous in nature. Even though the legal status of bitcoin is still not clear in many countries, but still it has managed a way of getting adopted by the mass.

I don't think it will do more damage to the existing system, but it surely increase the wealth of a certain group people who are tech savy and wiling to work hard to achieve their dreams. However, the time hasn't yet come to comment on this matter. I am sure the time will tell us.

It's too good to be true but I don't see that happening anytime soon. Because the kind of market cap will require to reach that price level, is hard to reach. However, it is not impossible though. Bitcoin price is at all time high right now and I expect the price to come down because investors around the world have started or will start booking their profits. It means bitcoin supply will increase more than the demand and it will bring down the bitcoin price to a certain extent.

However, that's the normal dynamics of the bitcoin market and nothing to worry about it. As soon as we see that the price is stabilizing, the investors will again start to buy in heavy quantities resulting in increased demand and increased price. However, 7k USD is hard to reach this year. As per my speculation, we may see this price within the first quarter of 2018.

I somewhat agree with the OP because the bitcoin price will go down soon within few days when the investors around the world start booking their profit and sell their holdings. But I am certain that the price is never going to come down to 2000 USD level for sure. It may come down to 4500 USD level again and hold that position for few days before going up again. This is a very normal trend with bitcoin pricing. A huge increase in price always comes with the fear of a downfall just to become stronger again. So I am not worried about the decrease in price which is forthcoming because that will be the most opportune time to buy more bitcoin for the investors like us.