Bitcoin mining won't be profitable to anyone without few PH/s of power. Only tech giants will be able to afford such kind of hardware and maintenance cost. So if these tech giants get in to bitcoin mining, then they will get a major share in to bitcoin within a very short period of time. Also in the other hand the bitcoin market cap will be increased and the price will follow suit. The general bitcoin users will be benefited.

If they get in to altcoin mining, it will again help to stebilize the price of of that particular altcoins. Specially ETH or Monero. Similar way, the price of these altcoins will be increased as the public trust will be increased for them. Overall, I don't see any downside of it.

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Being a pioneer in the crypto currency market, bitcoin will remain popular for the times to come. But yes, if the price becomes stable, then people will slowly stop trading with it and the market cap will go down, which will bring down the price of bitcoin.

I think the charm of bitcoin is the changing price and huge upside potential. People believe that bitcoin will become huge one day and with that belief people are storing bitcoin for good. If the price would have been stable, then people would have invested in many other altcoins. Bitcoin's popularity would have taken a stroll.

I don't agree with this opinion that bitcoin doesn't have any competition. I would rather say that every single altcoins are the competitor to the bitcoin if not a threat. Due to the huge numbers of altcoins, bitcoin is not getting the desired amount of investment which is ver much needed to increase the market cap. The investment is getting divided and hence bitcoin price is not increasing as envisaged.

So the competition is not a direct battle, it is indirectly harming bitcoin and its growth. So this way I can say that bitcoin has competition in the market.

I use more than one bitcoin wallets including hardware and web wallet. I store most of my bitcoins in to hardware wallet and a little amount in my web wallet for the need of trading. I think it is always better to use more than one wallet and divide your holding based on the priority and usage.

So if any one of your accounts is hacked, then at least you will have some in your kitty. Not all of your funds will be lost and you will have something to survive. This is the similar reason why people use more than one bank account.

Bitcoin is not a magic wand that will kill the income tax. Bitcoin can't do that. But yes, some people will use bitcoin to avoid tax for sure. But take bitcoin as a boon and not as a bane. Earn, save and spend bitcoin actively and you will see the power of bitcoin.

Let the criminals do whatever they want to do. People will use bitcoin for this purpose, but that will not effect the genuine users who actually discloses his bitcoin earning in the income tax file.

bitcoin is serious money to me because I am thinking big with it. Even though I have a day job and I am earning a good salary, I am still trading in bitcoin market and saving my earnings in a secret place. Because, I want to save that bitcoin for a long time from now and then I will sell it for good.

I am trying to create a parallel income stream by investing and storing my bitcoin. SO if any emergency arises in future, I can take the help of my bitcoin if my savings is not sufficient for that need. So bitcoin is pretty serious money for me and that is the reason why I am maintaining more that one account for storing my bitcoin. 

My simple answer will be trading. Trading was always a great source of bitcoin and it will remain the same since mining has become non-profitable. Also I won't recommend cloud mining to anyone as it is just another form of ponzi. The main difference between cloud mining and ponzi is their sustainability. Cloud mining usually sustains for a decent amount of time where ponzi disappears faster.

I am trading since the beginning, and I can vouch for this method. If you know how to trade, you can make a decent amount of money from trading which other methods won't give to you.

I won't say that bitcoin is the best future currency but it has the potential to become one of the best but not the best. The reason being, bitcoin doesn't have any central regulatory authority and not backed by any physical asset. Bitcoin is simply backed by the people's trust.

However, I never underestimate bitcoin and I know it has a very huge upside potential to become big. That is the reason why I am storing every single amount of bitcoin I earn. I have a plan to store it for another 5 years and then I will sell it. I hope I will be able to turn few of my dream turn in to reality with the power of bitcoin.

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The best thing i like about bitcoin is its enormous potential to grow. Bitcoin can reach upto any price in near future. I accumulated most of my bitcoins when the price was at 450 usd, so I am sitting on to a huge profit just by holding the bitcoins.

I think the price is the best feature of bitcoin and that is the main reason for me to use bitcoin. Maybe it will help me to achieve my dream someday in future.

 without getting into the technical nitty gritties of Bitcoin one thing I can surely say, bitcoin is truely a blessed currency. If any one wish to give up on Bitcoin its in entirely their decision.

If you want to leave Bitcoin why don't you transfer all your Holdings to my account. I think I can make good use of those bit coins better than yours.

 my best investment strategy with Bitcoin is to store Bitcoin in a secret place. Remember storing Bitcoin is also and investment which can give you a much higher return then any other conventional investment. So instead of wasting your Bitcoin for mobile recharge or grocery billing you better store it.

I have tried p2p lending as well but most of the time people used to scam. So I am currently active in Bitcoin trading and storing which I believe will take my life style to a different level in future.

I think you have posted this promotional thread in a wrong place. A moderator should look into it.

My suggestion is not to invest in casinos instead save your Bitcoin in a secret place. Storing Bitcoin is also an investment which can fetch you a higher return than any other conventional investment.

 so instead of wasting your money into casinos I would suggest you to save Bitcoin for future. However if you filthy rich then it's a different story.

Why not? Bitcoin has the potential to make you rich in future time. So why don't you take a chance? Start earning Bitcoin sincerely and save whatever you earn.

Do it for another 5 years and you will see the magic of Bitcoin. But if you think that Bitcoin will make you rich overnight then probably you are at wrong place.  save your Bitcoin and stack them up gradually so that you can see your savings growing. It will give you motivation to earn more and more.

No and never! Because bitcoin is not meant to help you with your daily expenses. It is a decentralized currency without and government monitoring so you should take it as an investment instead of treating it as a regular currency.

My advise is that don't waste your bitcoin by making mobile recharge or by buying daily groceries. Instead, hold it for another 5 years and you will see the true magic of bitcoin. It has an enormous potential to go up to any uncharted territory which can make few of your dreams come true.

My view on this may differ with many people of this phone because I feel that if there is only few old coins like 4 or 5 then Bitcoin price would have been much higher than now.

At today's date we have around 800 odd cryptocurrencies out of which only 5 to 6 cryptocurrency are successful. We all know that Bitcoin price is based on the market capitalisation. All these cryptocurrencies are eating into Bitcoins share of investment which makes it more slower to achieve the pricing target. So few altcoins are required, but really do not want that alt coins to pop up everyday.

I would have been very happy if Mr nakamoto win Nobel Prize for life changing innovation. Bitcoin is truly a life changing innovation that has changed many lives across the globe.

First of all Bitcoin cannot be banned by any single entity. Bitcoin is a decentralized International currency even though it doesn't have the characteristics similar to any other Fiat currency.

One country or two countries can ban Bitcoin for themselves. But they really cannot Ban it for everyone. So I do not see that Bitcoin will be banned in near future. Stay calm and keep earning bitcoin.