When bitcoin was introduced in 2009, no one dreamed of such a rise in price. Bitcoin touched $11000 mark in the month of November a month earlier than expected. The real prosperity of bitcoin takes place in the year 2017. At he beginning of 2017 bitcoin was around $700 and at the end of the year it crossed $11000 mark. No cryptocurrency ever rose with such a pace. Next predictions are $18000 & $ 25000. 2017 was really difficult for bitcoin. Countries like Japan, China, Australia, Indonesia which earlier legalised bitcoins in their region now banned it for some security reason. Even after this bitcoin is making its progress.

Many countries which allowed bitcoin as a legal currency now deciding to ban or regulate bitcoins. Bitcoin is a decentralised peer to peer exchange currency. So it is difficult for the government to keep control over its transactions. All bitcoin transactions get recorded in a public ledger called blockchain so no one can break or trace it, as a result government cannot impose tax on it. Indonesia recently put a complete ban on bitcoin by giving reason that bitcoin is creating a threat to their fiat currency. Australia is banning/ regulating bitcoin because, bitcoin is getting used in drug trafficking and terrorist activities.

Many people don't like bitcoin because they don't have enough knowledge about it. Bitcoin is a decentralised currency backed by no government. Nobody is there to present bitcoin in general public. No advertisements, no TV announcements, No advertises on social media etc. As a result very few and reliable information is available about bitcoin. Addition to that Ransomewere attackers have asked their money in bitcoin currency which created a bad image about bitcoin worldwide. We do nothing about these people.

Bitcoins rising price has started many discussion in my country. Its sudden spike in current week surprised many. I am from a developing country. Many people don’t know about bitcoin or any other cryptocurrency. Those who are related with financial markets know bitcoin better. We have bitcoin exchanges, these exchanges are promoting bitcoin trades and investments through their websites. Otherwise rest all my countrymen are happy with fiat cash, debit and credit cards. Government or Central bank yet not decided any policy about bitcoin currency. They are warning their citizens not to use or invest in any cryptocurrency. So overall picture is not that hopeful.

Bitcoin is touching new price high day by day. So do its volatility. Bitcoins supply is limited in numbers, but its demand is increasing day by day. As a result its prices are moving up and down sharply. Due to these sharp movements many people stay away from bitcoins. Instead they prefer gold currency. Gold is much stable as compared to bitcoin. Though bitcoin gives huge amount of returns, some people stability. Conversion of bitcoin to fiat cash need bitcoin wallets etc. Gold get converted to cash easily. Bitcoins are banned in some countries, gold has universal acceptance.

Bitcoin is in full form now days. It has reached $11000 mark this week. Predictions were to hit $10000 by the end of December 2017. Bitcoin has achived it a month before. Now corrections are expected. But it will bounce back and may hit the target of $15000. Bitcoin has moved to this extend by crossing many barriers, like ban from China, Indonesia and regulations by Australia etc. These news had no effect on bitcoins growth. Its traders and investors have trust and confidence in bitcoin.

Bitcoin is the first cryptocurrency introduced to the world. In last 8-9 years more than 1000 crypocurencies get introduced. Still bitcoin is number one. Bitcoin contribute 55% of world`s cryptomarket. This because of its unique features + trust by its investors/miners. Bitcoins supply is restricted at the time of its birth, as a result it become more volatile. It posses decentralised nature so no third party can interfere in its operations, it will always  remain autonomous. Bitcoin has its own security system blockchain, which is quiet difficult to break, its system is secured by its miners/users. So people feel it safe to invest. Many nations have approved its legal status. Bitcoins increasing is attracting more and more investors. All these things making it the most popular cryptocurrency.

About 35% in Briton and 38% American of today's jobs are at high risk of being automated in the next two decades, mainly from the sectors of transportation ,storage, retail, whosale, cashiers and toll booth operators. Robots can go any place where human beings have restrictions of heat, cold etc. They can work without food and water. They don't get bored and gives uniform performance. Robots works much  faster, with consistency and accuracy. Robots do not requires rest or sleep, working hrs are not defined. But robots have disadvantages. They need continuous supply of electricity, without which they are useless. Buying and maintaining robots needs a large amount of capital. They works as per the programmed fed to them, alteration or addition is costly or impossible. They cannot improve quality of their job by themselves.

Bitcoin has crossed $11000 mark yesterday. It has raised 900% from 1st Jan,2017. Bitcoins supply is restricted to 21 million bitcoins. But its ever growing demand making it more and more volatile. The price of any currency depends on the flow of demand and supply. In case of bitcoin its popularity among its users and its restricted supply is pushing its price high. As its price is increasing more people are trying to buy it in hope of gaining more profit, pushing its price far beyond.

Bitcoin has given 900% returns in this year. No other currency  have ever given such return on investments. So it is quiet hard to believe that bitcoin price will fall. Some experts are still believe that bitcoin market is a bubble and soon it will burst. The value of bitcoin is highly volatile because it is created mainly by the interaction of speculative demand, which makes application as a normal currency impossible for now. Bitcoin may fall if profit booking takes place. But it will recover. Some experts are saying that it will reach $40000 by the end of next year.

Whenever any currency becomes popular, its value increases. Criminal starts using it. Gold is used extensively in smuggling. USD a world currency is also used in drug trafficking ,arms dealing etc. Bitcoin a digital decentralised currency has become popular, it has crossed $10000 mark in just eight years. Bitcoin has unique features, its decentralised nature, peer to peer exchange and autonomous nature making it more flexible, it is difficult to trace its user. As a result criminals started using it on large scale. Ransomware attackers asked ransom money only in bitcoin currency. Australia banned bitcoin to prevent its in drug trafficking and terror funding.

The best source of bitcoin now a days is trading. Bitcoin price has reached $10500, so it is beyond reach of common people to buy and keep it. the best option is to register with authorised exchange and start trading. Bitcoin is too volatile cryptocurrency. Before trading you must study and understand its movements. It will definitely gives you an opportunity to buy. Bitcoin mining is also a good option but it required huge investments, it is better to divert that investment towards bitcoin trading. Gambling is also an option, but not recommended as it involves huge risk.

For us it's still a dream. In my country bitcoins status is yet not decided. Government is still observing its functioning. We have bitcoin exchanges, where trading taking place in full swing, people are earning good money due to bitcoins rising price. But in day to day activity no one is using bitcoin or any other cryptocurrency. Seen a video clip on bbc where cso answer to your question is no one at least in my country.

Bitcoin price will increase due to limited supply and growing demand but it will not increase forever. Bitcoin price may reach $25000 in next five years, means it will reach beyond limit of people in general. In many countries bitcoin is more used as an asset or tool of investment. Its role as a currency for daily use is quiet limited. One day limited supply of bitcoin comes to an end, either they get mined by miners or get lost permanently by its users. Hacking activities increased in bitcoin wallets, bitcoin traders are difficult to trace as a result criminals are using it as a currency in their activities. Many countries are putting ban or trying to regulate bitcoin`s operations in their economy for these security reasons. This is creating bad impression about bitcoins & may restrict its use and obviously its rising price.

Don`t worry about governments, take care of your money. Nations runs on money collected in form taxes from its citizens. Governments are smart enough , they know what and where you are earning and investing. Though bitcoin is a decentralised, autonomous currency it has to face with fiat currency. How will you buy bitcoins, with the help of bank accounts. Whenever you sell bitcoins the money get deposited in banks. Banks are controlled by governments, so your transaction get recorded. Bitcoin is yet to reach all classes of society, so all transactions are not possible only by using bitcoins. Many governments have declared income from bitcoin as a capital gain.

By looking at the bitcoins current value, thinking on this topic is itself a challenging one ! Bitcoin is rising with such a pace that no currency has ever reached. $9000 in eight years. Bitcoin with its unique  features and unbreakable security system blockchain, has become the most popular cryptocurrency. But bitcoin do have competitors, it also have risk of losing its existing customers. Criminals started using bitcoins in their illegal activities. Many nations have decided to ban or regulate functioning of bitcoins in their economies for security reasons. This will affect bitcoins working. Sudden change in the mood of people towards new currency may hit bitcoin. Failure of electricity or internet connection for a long period may close bitcoin operations.

$0 to $9000 such an unbelievable development. Anyone can call it a bubble. Experts are predicting more i.e. $25000 in next five years. Many countries are introducing their own bitcocurrency, they are  studying bicoin`s blockchain technology carefully. A blockchain is an anonymous online ledger that uses data structure to simplify the way we transact. Blockchain allows users to manipulate the ledger in a secure way without the help of a third party by protecting the identities of the users. This makes blockchain a more secure way to carry out transactions.

People are investing in bitcoins to earn more money. If they are investing with their own hard earned money, they have right to hold and sold their bitcoins as and when needed. Every investor has his own calculations about return on investments. Bitcoin prices are raising daily,it has crossed $9000 mark. Experts are predicting new attractive targets, so why one will sell his investment of bitcoin. Instead they will accumulate more and more bitcoins for future profit. There of no question of greed.

Why to sell bitcoin? when bitcoin price is rising continuously, why one should think of selling it. Bitcoin has already crossed $9000 mark. Unless some extraordinary situation arise and all other sources of income become useless then and then only we will sell bitcoins. By studying current bitcoin movements crypto experts are predicting bitcoin rate, $10000 by end of December 2017 & $25000 in next five years. 1st target is almost achieved, will wait for the next one.

Yes, many third world countries, many African countries whose economies are disturbed by civil war, economic crises are thanking cryptocurrencies. These decentralised currencies helping them to trade independently.  Bitcoin trading and bicoin related activities like signature campaign can be done from any  part of the world provided availability of electricity and internet connectivity. These activities gives good returns. So bitcoin not directly improves economy of any country liks USD but can help people to improve their income level by working for bitcoin industry.