That's true! diversification is the key to healthy investment and it's far more safer that any other form of investment no matter where you are investing. It is always better to have a healthy mix of good assets if you are planning to invest all your invest-able surplus funds. So that if one asset price goes down, the other assets can compensate the losses.

Using this diversification method, the mutual fund companies are working worldwide. I also keep a healthy mix of bitcoin and bank deposits as my investment. So even if bitcoin price goes down, I will not have to worry about my savings. 

Investing in cloud mining is a big no-no as they are just a different form of ponzi sites and not reliable at all. Usual ponzi sites stay in the market for a week and cloud mining sites stay a little over a month because their payout is really low. So don’t fall in to these cloud mining traps.

Have faith and start trading. I can vouch for trading that it is the best method to earn good amount of income from your initial investment. There are a lot of videos available in youtube which can guide you in the world of trading and you can start testing with a little. This is how exactly I started and now I am capable of handling all my expenses with bitcoin earning only. 

I am unable to completely understand your question here. Are you asking what we have got from bitcoin or you were just sarcastic that bitcoin is making us materialistic only.

Anyway, I will answer to my interpreted version of your question with one of my bitcoin experiences. Just few months back, I needed medical attention because I met with a little accident. That was almost the month end and I was almost out of cash. So I quickly cashout out a minor percentage of my bitcoin holding from localbitcoin website just by sitting at the clinic and using my smartphone.

If I didn’t have bitcoin that day, I would have had to borrow money from someone. Bitcoin saved me from the debt. Also I am moving forward towards a bigger goal and I am sure that I will be able to make my come true within next 2-3 years with the help of bitcoin only. 

I am not as optimistic as you and I can’t think of bitcoin price as 1 million dollar. That’s not even in my day dream. It is not technically possible unless a miracle happens. It may reach up to 10,000 USD in another 7-10 years but not more.

However, if it happens then the world will have a new group of wealthy elite who will have the power to change the world for better. Also probably that time governments across the world will have to adopt the crypto currency in to their eco system.

I am really not sure about that future stance of Russian government yet. Because just one year back, they threatened to jail the bitcoin users and to stop the bitcoin use in their country. So their current stance of recognizing bitcoin may be a game to collect information about bitcoin users in the country.

However, it is too early to say anything because they haven’t yet come up with any policy to clarify their statement. If it happens, then definitely Russia will open a new horizon for bitcoin itself. The investors may claim a huge profit because of the price appreciation. But I think it is better to adopt wait and watch strategy.

There are many options to open a bitcoin wallet for low fees transactions. If you are planning hold a small amount of bitcoin and the source is not from gambling, then I would recommend you to use CoinBase. They have no fees for sending bitcoin to other addresses. So they are best for small amounts.

Blockchain remains the best because of the usability and security features. But it has normal fees for every transaction. You can also choose Electrum wallet if you want to send money to more than one recipient at a time. It would help you to consolidate all the fees together and send money to more than one address. Choose as per your requirement.

I doubt that is ever going to happen in Russia. They are well known for being orthodox and just a year back they were in talks to make bitcoin and any other online currency illegal. So I smell a rat here.

Since they are planning to track every single transaction, I am sure the online currency users will face the heat after sometimes where the government will have enough proofs against someone. They way they taken the recent U-turn, They can again take another u-turn in their stance about the online currencies.

If the mankind ever start settling in Mars, I think the most important and strong currency will be used in Mars. Also the nation who will be funding for the entire project, will want their own currency to be used in Mars as it will make their currency stronger than any other available currency. In that way, I see no reason why USD would not be used in Mars?

USD is indeed the strongest currency on earth and that should be used in Mars if NASA is funding the project.

You question sound like, “why should people use money? They should go back to the barter system.” Why shouldn’t the people use bitcoin? Bitcoin is truly an international currency and truly a path-breaking innovation in the world full of shitty regulators.

Bitcoin can be used internationally and it is indeed the most widely used currency in the internet today. Bitcoin also has a lot of potential for the future. I believe bitcoin value will increase manifold within next few years. So it can be considered as an investment as well.

I am sure that no bank accepts bitcoin as a deposit or for any other means. You will find some online website like Btcpop who accepts bitcoin as a deposit, but again they are not regulated by any regulatory body, so it is very risky to keep your bitcoin with them.

Since bitcoin has not regulatory authority, it will be a big challenge for the banks to accept bitcoin as a deposit. Because bitcoin is not an official currency and no country has completely accepted bitcoins in to their ecosystem. I am sure that Banks will not accept bitcoin as a deposit anytime soon. 

It is really a good news for the bitcoin users as we needed a regulatory framework to increase the acceptability of the bitcoin among the masses. Otherwise, biotin will remain an underground currency forever.

However, these stringent rules will only benefit the Chinese users as of now. But if this model become successful to curb the money laundering activities, I hope all other countries will follow this model and bring parity between the bitcoin users. Without this king of regulatory framework, bitcoin will never become a mainstream currency.

Bitcoin and paypal both are technically different as well as structurally. Bitcoin is currency itself whereas paypal is just a wallet to fecilitate payment. It doesn't have its own value in the market. So bitcoin and paypal can't be compared with each other.

However, if you talk about popularity between these two, I think paypal is far more known name than bitcoin. However, bitcoin has its distinct properties and worldwide reach without the legal burdens like paypal. So my feeling is that, bitcoin will eventually beat paypal in its good time in terms of user acceptability while paypal will remain one of the best exchange facilitator.

I absolutely love bitcoin because of its price and nothing else. If Bitcoin price drops to extreme low, I won't mind to switch to another coin which will give me a good return in long time. So not the technology matters, the price matters to me.

Also I like the dynamics in the bitcoin price. It gives me enormous opportunity to trade with other coins and earn a good income every single day. So the price and the potential to grow big is what I like most about bitcoin. 

Without going in to the proofs you have presented in your actual post, I will say, whatever happens, bitcoin will not die. Even if I believe that Nash had actually created bitcoin, but the growth undertaken by bitcoin was purely possible because of public trust. Many people around the globe has entrusted bitcoin with their own hard-earned money. And that's where the bitcoin magic lies.

It will have no effect on bitcoin pricing because people who have heavily invested in bitcoin will step forward to save the fall. The creator of bitcoin will have no effect on pricing I believe.

First of all, this is not the right section to post such thread. It should go under micro earnings. Secondly, bitcoin faucets are totally waste of time and nothing else. You won’t see any real earning from any bitcoin faucets compared to the time you will contribute.

Instead, try raiblocks faucet under a manager. Seer the “Services” section and you will see few managers are offering raiblocks job. They will pay you in bitcoin fro every MRAI you get from the faucet. It is still profitable.

True and I agree with you. Since we don’t know when the price will be optimum low, it is always better to keep investing in bitcoin and give it more time to mature. I think we should take SIP approach.

SIP means Systematic Investment plan. It is about investing a certain amount of money into bitcoin in certain intervals. This is how the mutual fund industry works. It actually average out your buying price and gives you a good return in long term.

If you are earning very little in trading then you are doing it all worng. Trading is the only way to earn good amount of bitcoin which I have been doing since last one year. It is probably you have invested a very little amount and hence the profit is very little for you. Have you calculated the percentage of profit? Then probably you will get an answer.

I don’t know any other method other than trading to earn good amount of bitcoin. All the other methods come with a huge amount of risk. But with trading, there are several ways to minimize your risk and earn good amount. Try Arbitraging! Google it and you will know what I mean.

Lol!! Don’t try to reduce their hatred for bitcoin ever. Let them live their own misery of thinking bad about bitcoin. They had probably gone through a bad experience with bitcoin or related business. They must be having some reason. But you should not waste your time resolving that unless he/she is very important to you.

I came across people who are non-believer to bitcoin. They did not understand how money can be generated through a computer program and can be that valuable. I didn’t waste my time with them. I moved on and kept earning bitcoin for my own good.

 You have a huge initial investment and I am sure you will be able to make good profit out of it. I will suggest you to start arbitraging because it is the easiest way to get profit in trading. Bitcoin is being traded in more than 30 exchanges. Just go to coinmarketcap website and you will get the entire list.

You will see that the price of bitcoin is different in all the exchanges. Some will have little differences and some will have huge differences. So you can buy from one exchange and sell in other exchange based on the price difference. The main catch of arbitraging is that, you need to have huge investment to start with. Try it and do a little google search. You will not regret.

Zcash, being a comparatively new currency is doing well and it was once the second most valuable currency after bitcoin. However, now Dash and Byteball taken its place. But I think, the kind of market size the crypto currency industry has, it can accommodate two-three more coins with good features and active devs.

Zcash has been doing well but if it replaces bitcoin in the underground market, it will become huge in no time. Because the demand of this particular currency will increase and supply will remain the same. So following the normal demand supply theory, the price will increase. However, Zcash will not be able to grow like bitcoin, at least in next 15 years.