Personally I believe, crypto currency is not better than fiat but certainly better than a credit card. because in my country, the rate of interest I pay in my credit card is 4% monthly, that sums up to 48% yearly. So bitcoin or any other crypto currency is way better than credit card. But not better than fiat.

Fiat is much more acceptable than any other currency here because they are acceptable in all merchants. The acceptability is what made is different and better. Cryptos are good for investment but not as a payment processor.

The main reason for preferring cash or conventional payment system over bitcoin is the acceptability. Fiat and card is accepted at every merchant and every shop, so you can use it freely with a very low fees. Also you probably earn through your job and you are paid through cash or bank transfer so the availability is more.

However, on the other hand bitcoin transaction is costly and it also takes a lot of time to get confirmed. So it is not an ideal choice for the merchants to accept bitcoin for selling some silly things. He will have wait till the transaction is complete. Also the buyer will have to pay a huge fees on the transaction value to get the payment done. Bitcoin is an investment asset and not a payment facilitator.

I believe people are not just holding bitcoin but are also buying more at this price. A global crisis is surely going for crypto currency world and majority of the crypto currency pricing are going down. However, positive people are buying in bulk and making good use of this pricing.

I am also doing the same and I regret that I am not able to buy more because my financial condition is pretty tight now. I wish to buy more because I believe in bitcoin and I also believe the price will surely go up after August 1st and will reach a new height.

Good to see the positive side of you, please keep supporting bitcoin because we need it. From 43 billion market value it has now become 33 billion, a drop of 10 billion which is huge and shocking. Probably many people are withdrawing their investment in bitcoin to save their capital. Specially those who have entered at a later stage.

However, for people like you and me, who has started using bitcoin at early stage, can support bitcoin at least as of now by not withdrawing our holdings. The price is getting corrected and we need to hold and buy at a lower level, so that we can make some good profit. I believe it is the best time to buy more bitcoins.

That article was posted 30 years ago and that looked good initially. However, at today's situation, it looks like a distant dream. However, not completely, but to a percentage, we have achieved this goal by crypto currency. But having a single currency worldwide, it is not possible as of now. No developed countries will want to take a part of it as they will come at per the other countries.

So, with the greed of power, this is not going to be possible worldwide. That is even ore impossible after the EU fails and Brexit. A single continent couldn't handle a single currency, what will happen if it's worldwide. Looks like a distant dream to me.

The best place to learn trading is from personal experience and nothing else. However, to start with, you can check youtube as a lot of tutorial videos have been stacked up there so that you can get the basics right. Once you get the basics right, you can start with a little investment and test the water.

You will initially face losses but don't get disheartened. Keep trying and I am sure you will learn a lot from your mistakes. Patience is the key and don't rush to make profit. Practice for few weeks and you will be ready for bigger amounts.

I don't believe bitcoin will be operated by majority of bank in future because it is a threat to the conventional banking system. At least that's how the top bankers are seeing it. Bitcoin is decentralized and that's what is not acceptable for them. Banks want to control money and government want to control power.

Bitcoin is providing money to the hands of the people and money means power to the government. So neither government nor banks will support free distribution of bitcoin in to the economy. At least they will not openly support it. Instead they will try to launch their own digital money and ask people to invest in it.

Congratulations on having a decent amount to start with, many people start with zero. However, let me tell you, there is no legitimate way of investing in crypto currency world. All you can find is cloud mining which is just another form of ponzi and nothing else. All cloud mining sites will eventually run away with your money in one day.

It's always better to start with trading because it is one form of investment which let you have full control on your own funds. You decide where to spend and how to spend. If you don't know how trading works, turn to youtube and you will find a lot of tutorial videos. Start with small and gradually increase the amount. Trading will never let you down.

True! Even I bought some ETH one months back when the price was standing at 300 USD with the hope that the price will increase. It got increase to 350 USD but I kept the ETH thinking of long term. So I still have those ETH but if I sell it now, I will have to face a huge loss.

On the other hand I have been accumulating bitcoin since a long time now. I started when the price was at 450 USD. Even after the current situation, I am  sitting on to a huge profit. Bitcoin is the best investment asset right now in the crypto world.

As per coinmarketcap website, we have 970 crypto currencies available at this point of time. If we sort the list by clicking on Change (24h) column, I can see that price of only 13 coins were increased in last 24 hours. Rest all coins are facing the depreciation.

Even bitcoin price is standing at 2359 USD at this point. Are we moving towards a Global Crypto Currency Depression? What's causing this massive depreciation?

Well, that's the normal dynamics of any market around the world. It mainly follows the demand supply chain and public sentiment. If majority of the investors are bullish about a particular asset, they will invest in heavily and the demand will increase. So the if the demand increases, the price will also increase.

On the other hand, if the majority of the investors and bearish about any asset, they will start selling it so the supply will increase and the price will decrease. Currently most of the coins are facing price correction and so as bitcoin. It is the best time to buy more at a cheaper rate. 

If everything goes as envisaged then probably bitcoin will reach a new height after 1st August and probably everything will be back to normal. People who are frustrated about the long confirmation time, will get some relieve.

So I see it as a great time to buy more bitcoins because you may not have the same price after that date and you will have to shell out more money for the same amount of bitcoin compared to today's price. I am still in accumulation mode and will continue to do so.

True! Bitcoin transaction confirmation time is actually a real challenge for bitcoin to be accepted as a real world currency. The second challenge is the transaction fees. The fees part is really an issue for those who receive many small payments. So to consolidate all the small payments, you will have to pay a higher network fees.

So bitcoin looks good for an investment asset but not as a payment currency. No one will wait for 1 hour just to buy a cup of coffee or some groceries. Also you will end up paying a lot of extra money for a simple purchase. Take it as an investment and bitcoin will reward you suitably. 

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Bitcoin is not meant to be a regular payment currency so it will be better if you don't use it for buying your daily groceries and daily expenses. The current technology is not suitable for it and a single transaction can take up to 2 hours of time to get confirmed. So you can understand why it is not a good fit for a regular currency.

My recommendation is that you use bitcoin as an investment. Try earning bitcoin from various sources and try to save them in a secure location. The value of bitcoin will appreciate a lot for sure and sell the bitcoin when your goal price reaches.

Bitcoin is the most popular because it is the pioneer in crypto currency. The blockchain technology is presented to the market with this coin by its inventor Mr. Nakamoto. So people started understanding crypto currency technology with this coin only and started accepting it. Any other currency is just a little modification from the main technology and not original.

I believe, that is the reason why it is so immensely popular every after having few faults in it. Olso a lot of people have invested a lot of money in to bitcoin since a long time and they have got a huge profit from it.

Crypto currency market is slowly becoming like hyip market. Where lots of scammers are trying to earn money somehow. I hope people will soon understand that not all ICO holds the potential like ETH. However, at this point, the plague doesn't seem to end and it is increasing day by day.

The presence of thousands of crypto currency is actually ruining the market and the investments are getting divided into many smaller parts. If we had fewer currencies then most of their values would have been tripled by now. Lots of crypto currency is not good for this crypto economy.  

SO you are actually planning to create a massive chaos among your children. Good luck with that! If they get a simple hint that they can become a millionaire by your bitcoins, they will be driven by their instincts and destroy their fate.

If you want to give them something, do it with grace and smile on your face. Then only your gift will be accepted by the almighty and your children will also be happy. Never try to create a chaos among them, it may ruin their life. Just a bit of advice.

I see only two concerning matter which actually hindering the growth of bitcoin as well as making it harder to be accepted as a mainstream currency.

1. The slow confirmation time.
2. High transaction fees.

These two roadblocks are actually discouraging people to accept bitcoin in their business and until it is fixed, I don't see any good reason for the bitcoin to become a mainstream currency. It will remain as an investment currency as of now.

If a person wants to buy something with bitcoin, he will have to wait for minimum 30 minutes for the transaction to get confirmed. Also he will have to pay a high fees over and above the price of the goods. So it is a lot easier for anyone to use fiat and complete the trade.

It's true that some altcoins like Eth and ripple are coming up too fast compared to other coins, but I am sure that it will not be an easy job to replace a 43 billion USD strong coin anytime soon. Bitcoin is the pioneer of the crypto currency and hence it enjoys maximum public trust and also the highest market cap.

Probably in future bitcoin will be replaced by any other crypto currency, but I don't see that coming very soon. Not at least before 2023, till the time bitcoin is mine-able. But it is a good time to invest in ETH as the potential is really huge for this coin.