Banking industry is working on this earth from hundreds of years. People have strong faith in their banks. For many villages, small towns banks are the only economic activity centers. banks not only collect deposits, they also have personal loans and provide fiancé to industries, government projects. Banks are the main coordinator in the smooth flow of fiat currency. Bitcoin is still a young currency. It has long way to go to establish itself. Due to its features its scope is limited to restricted area. Banks are not scared of bitcoin, but worried a little bit. Banks need to take a review about their services and also about the service charges.

As predicted by many cryptocurrency experts bitcoin has crossed $9000. It will surely cross $10000 mark by the end of 2017. Restricted supply and ever growing demand is making bitcoin more and more volatile. Due to this the value of bitcoin is rising daily. By studying current pattern of price hike and also of expected corrections in price. It is concluded that bitcoin price will hit mark of $25000 in next five years.

Rising value of bitcoin has increased a risk of getting bitcoin wallet hacked.  bitcoin has its own security system blockchain which is almost difficult to break or hack. To hack this blockchain  one has to hack more than 51% bitcoin using terminals spread all over the world. Instead these hackers hacks the mobile wallet . Security of mobile wallet lies in the hand of its user. Its duty of the owner to use only recommended mobile wallet. Wallet has to be secured with updated firmware and antivirus. Hackers are active all the time, we must not share our passwords, private keys with anyone. Do not click on any unknown links or open unknown emails. Every year many mobile wallets gets hacked and bitcoins get stolen.

A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors. Ponzi scheme organizers promise to invest your money and generate high returns with little or no risk. And the organisers never pay back the money. Bitcoin is no where a ponzi scheme, its a currency or an investment.  Bitcoin is asking neither money nor promise to pay any percentage of returns. It has its own security system so impossible to break and steal coins from there. Investors have all right when to invest and when to withdraw.

Why only bitcoin wallet, hackers can hack your bank accounts, they can hack your personal computer, your mobile and even your email accounts. They are experts; they consider hacking activity as their source of income. Bitcoin exchanges provide mobile wallets to their customers but it is our duty to keep these wallets safe from hackers. We must not share our private key with anyone. Do not reply/open any unknown emails or mail links. These links are the traps laid by hackers, cookies from these links may steal your passwords or other valuable information from your wallet. It always recommended to use authorised and certified mobile wallets.

Bitcoin is still a young currency. Bitcoins popularity is limited to limited countries and even many parts of these countries. It has long way to go to prove itself to the world economies. At least in my country bitcoins existence or disappearance will not affect our economy. Bitcoin is known only to those who are working or anyhow related to financial markets. We have bitcoin exchanges in our country, but our government is planning to ban bitcoin currency due to its decentralised nature. China was the biggest bitcoin miner and trader in volume. China banned bitcoin for security reasons,

Yes indeed 2017 was the year for bitcoins. Bitcoin has seen many ups and downs in this year. Ransomeware hackers created a bad impression about bitcoin. As a result many countries banned bitcoin currencies due to security reasons. China a biigest miner and trader of bitcoin decided to regulate bitcoin currency, because of this bitcoin price has shown a sharp correction. But even after these news bitcoin traders and investors has shown trust on bitcoin currency. Because of these, bitcoin has shown its all time high in the month of November.

Bitcoin is both digital Gold as well as digital Cash. It posses qualities of both currencies. Gold is used as an asset or mode of investment from centuries. Gold is widely accepted irrespective of national boundaries. Bitcoin works on the same platform, it has wide acceptance, and if you see its price graph it is a successful asset. Cash is a world currency; almost every country has its own fiat cash. Bitcoins can be used as a currency in day to day transactions but it requires basic infrastructure like mobile, internet etc. That is why it more popular as an asset rather than currency.

Legal status of bitcoin varies among countries. Countries with developed economies have welcomed bitcoin. They have accepted it in their daily trade as legal currency. Countries like India are still undecided about the status of bitcoin, they have bitcoin exchanges but their central bank is warning its citizens not to use cryptocurrencies. Countries like China,Japan, Australia have earlier accepted bitcoin but now banning it for having security issues. Many third world countries still unaware of bitcoin, and even after having knowledge of bitcoin it is impossible for them to accept it due to lack of basic infrastructure like electricity, internet etc.

Taxes are the only source of income for government of any country. Government put taxes on every income generated. As bitcoin is a virtual, decentralised currency it is not possible for the government to calculate the exact income of bitcoin traders. Government can impose tax when bitcoin get converted to fiat currency. Many bitcoin users never en cash their coins, so they never pay taxes. To avoid this many countries have started regulating bitcoin transactions . This may reduce the amount of profit of bitcoin user or miner. To avoid government tax they may shift to another currency.

These talks or comments are not new to any successful currency. Talks like these are there since from the introduction of bitcoin. No government or any central authority can establish control over bitcoins functioning. Its decentralised/independent  nature making it more and popular among investors and traders. Bicoin has created a better option for bank investors as well as for other currencies. Governments and banks are finding it difficult to keep control over their outgoing investments so they are trying to regulate/ban bitcoin by having reasons like terror funding, drug trafficking etc.

Bitcoin is the most popular and most expensive crypto ever. So its obvious that criminals/hackers get attracted towards it. Bitcoin is a decentralised currency, backed by no bank or authority. So we ourselves have to protect our bitcoin wallet. Always use bitcoin recommended mobile wallet. Secure your mobile/pc/laptop with alpha numeric password. Never share your private key with anyone. Do not open unknown mails or click on unknown links. Regularly delete cookies from your browser. Use updated antivirus. Keep your device protected by firmware & by firewall. Use a hardware wallet so that it will not be accessible online. These are offline wallet, so possibility of getting hacked reduces.

A currency with hundreds of years history cannot get replaced easily. Fiat currency is used almost in all countries of the world. It has reached in every part of a country. Fiat currency is quiet easy to use, generally acceptable by all merchants. Easily get exchanges with currency of any country. Require no transaction charges, Payments of small trades are comfortable with fiat currency. Cryptocurrency is the latest mode of payment and is becoming more and popular in developed nations. Requires mobile, mobile wallets. Its has its own security system. it comes in decentralised format. Though crypto have many advantages, still it is not as feasible as fiat currency.

Bitcoin currency has started its journey with a value of $0 now it has reached $8000. Those who have considered bitcoins as an asset rather than a currency are really wise ones. People who have purchased out of queeriosity are earning a lot. Same with those who are regularly buying bitcoins since its introduction are getting returns beyond their expectations. Even today it is not late, we can buy and save some bitcoins. Expects by studying bitcoins charts calming that it will going to touch $20000 by the end of 2018.Even after regulations from many countries it still have potentials to rise a lot.

Crypto is more an asset than a currency. Crypto currencies are decentralised in nature. They are more volatile than traditional currencies. So trading is such assets are more risky. On a marginal fall we may have to bear huge loss. On other hand due to its unique features they are more popular; their price is increasing from time to time. So if we treat it as an asset it will have you more money. We must grab advantage of its volatility. We must buy in installements, i.e. must buy on every fall.

Bitcoins rising price is attracting more and more traders/investors towards it.
Merchants from countries where bitcoin is legal have started accepting bitcoins in their trades.
As a result more and more persons started using bitcoins.
People with jobs also getting attracted towards bitcoin, because they think it’s a good tool earn extra money.
Many bitcoin exchanges are now providing valuable information about bitcoin on their websites. This is also creating interest among people.

It is difficult to answer this question.
On one side bitcoin is becoming more and more popular, its price is also touched $8000.
But on the other side bitcoin is indirectly getting involved in criminal activities.
Many countries which earlier have accepted bitcoin as currency, now putting a ban/ regulation on its use.
Many countries still believe in fiat currencies.
So it will become future money only for limited part of the world or countries where economies are digitally developed..
Its peer to peer exchange method, strong blockchain system, decentralise nature not enough to become future money.
It must get accepted by all class of people then it will become future money.

Actually it's too late to make an entry in bitcoin it has crossed $ 8000 mark. It depends what you want to do in bitcoin. Bitcoin is a volatile crypto. It moves in all directions with sharp movements. So if you are doing trading activity, you can enter by studying its movements. Buy at every fall and sell on every rise. If you are investing for long term then invest on every fall. Bitcoin will have you returns more than expected.

In my country bitcoins status is still not cleared by government. Have bitcoin exchanges, trading is also allowed, but central bank is warning not to deal in bitcoins. As i am dealing in financial market, i was aware about bitcoin currency. But one of my relative started doing bitcoin signature campaign, so i got interested. Later on i searched more about bitcoin on Google and saw videos on youtube. Now bitcoin exchanges gives full information's as well as time to time updated data on their websites.

 It is always unsafe to use wifi at public places. It is quiet easy for an hacker to hack your mobile or laptop if you are using wifi at public places. Firstly do not use open wifi network for making any online payment. Do not click on cookies or unauthorised/unknown link. Always keep your password protected. Use updated antivirus and firewall. Keep your wifi connection password protected. For more safety use your mobile data or your home internet connection.