Technically speaking, bitcoin is not a money but it can be considered as an alternate investment which can fetch a much higher return than any other traditional investment.

If you want to spend bitcoin for silly things like recharging mobile or buying groceries, then you are welcome, but then you will be throwing away the chances of being rich in future. Bitcoin has a very high upside potential and you should not spend bitcoin for silly things. better you store it for longer time and unleash its power.

I have been using paypal since last 8 years and I never had any issue with them. I agree that paypal is stricter in KYC because they work in conjugation with the local government. So they have to maintain all these.

So if you have your KYC done and transacting within the prescribed limit, there should be no problem with paypal ever. My account is a verified account and I have been transacting with them smoothly since last 8 years and never had any issue till date. Just remember, paypal is not a place to transfer your black money and even if you do, do it in smaller amounts.

After 2023, once the bitcoin will be stopped from mining, then bitcoin will become more exclusive and rare coin, increasing its price to a higher level ever seen. Even as on date, only 1-2% of total bitcoin users are miners and not more because of the mining difficulty.

So the mining stop will push the price of bitcoin to an uncharted territory never seen before. However, I came to know that the bitcoin core committee is now thinking to increase the life of bitcoin so that it can be mined even after 2023, but not sure.

Yes, I do and it is the wise thing to do. It is not suggested to hold all your bitcoin in a single wallet. You need to have a secret account which you will never disclose to any public forum.

Another account you can keep for trading earnings which will be linked with the trading account. You can have one more account to receive earnings from signature campaign. Once these account will have some good amount, then you can transfer it to your secret account to store it safely. Diversification is always good.

Certainly yes, only if you can use it properly and towards a proper direction. However, if you are excited about buying groceries with your bitcoin or thinking about recharging your mobile using bitcoin, then you are not moving towards the way of success.

Bitcoin has a huge upside potential but to see that day, you will have to wait for some more years. The more the merrier. Earn bitcoin and store it without using it. Then after 5-7 years, see its price. I guess, you will be able to buy something really important with this bitcoin then.

I really do not agree with the idea of the bitcoin bank unless and until it is being started by a trusted corporate or any big agency. Trust is the main factor behind the idea. If any unknown company starts this, they may scam you and run away with your bitcoin holdings.

Also if you are keeping your bitcoin in a bitcoin bank, then you will have to disclose your bitcoin holding to the government and they will start taxing you. So for the betterment of the bitcoin fraternity, keep your identity secret and use secret wallet.

If you are thinking that bitcoin is dead for sure, then can you pleae transfer all your bitcoin to me? I will be ready to take responsibility of your bitcoin gladly. I will never complain to you. Can you do that??

I don't understand why people like you are trying to demoralise people from using bitcoin?? I guess, you just want to buy bitcoin in a cheaper price. Don't do it, let people use whatever they want freely, not everyone is a fool, they know how to make better choice. And frankly speaking, as of now, bitcoin looks like the best choice to invest in apart from any other currency you had mentioned in your thread. 

Never ever do that. Don't convert your entire savings in to bitcoin, then you will be taking huge amount of risk with your savings. You may loose all. So choose a percentage of your savings and convert it into bitcoin for good. Take it as an investment with huge upside potential.

Also have a healthy mix of your savings in bitcoin as well as fiat currency, so that if any emergency occurs, you can quickly get some money to control the situation. For bitcoin, it will take some time to convert it in to fiat currency and then the situation may get out of your hand.

If anyone offers me anyone of these for FREE then I will certainly choose Bitcoin, because bitcoin has a huge upside potential and we may see a huge growth in future in its pricing.

I could have chosen gold as well, but then the potential is not great like bitcoin, so if I am getting something for free, then bitcoin is the best thing for me. The donation will be anonymous and I will be able to save it at a secret wallet which will give me a huge return in future.

Please please don't have only bitcoin instead of cash. Then you will be considered as the most stupid person of the world. Bitcoin is not a currency, it is a life changing solution. Using which you can become rich in future or by spending it, you can become the most foolish person of the world. So don't have only bitcoin, have cash instead to meet your day to day expenses.

But always try to save your bitcoins instead of spending it for daily groceries. Otherwise you will regret for sure in future.

Hold hold and hold. That is the only bitcoin investment strategy I have in my mind and that is what I exercise in real life. I simple hold my bitcoins which I earn from various sources. I see no other investment is feasible to entrust my hard earned bitcoin. So I don't invest it anywhere.

Initially I started investing in P2P loans and started getting good returns, then people whom I funded, they started scamming me. I lost a little from my holding because my exposure was quite less. But then I understood, holding is the best decision I have made for investing my bitcoin.

No and never. How the fiat will become worthless?? Apply some common sense bro....How are you measuring bitcoin's performance??? You are judging it against a fiat currency only. Bitcoin doesn't have any value. It has an underlying value. Some value it is USD and some do it in their local currency.

The fiat will never be worthless till the time government is present. So don't dream for it, if fiat becomes worthless, then human will have to go back to barter system and they will not be good for the human civilisation.

If bitcoin becomes a headache to the government then they can certainly block it. Because government never wants that their citizen earns some free money which is hard to be taxed. They want you to pay taxes in everything. Since bitcoin is anonymous, it is hard for them to track it unless and until you exchange it in your local currency.

However, you can certainly use VPN service to open the blocked website. So it will not be much of a problem. But the risk of trading bitcoin in your local currency will have higher risk of getting caught.

For me the best bitcoin investment is holding the bitcoin in a secret account and nothing else. Every other form of investment will require a third party to intervene and hence you may or may not loose the money.

So what I do is that I store all my bitcoins in more than one accounts and I have never disclosed those account details in any website. I only trade with a small portion of my bitcoin holding when I get time. I believe holding bitcoin is the best investment you can start.

Good to see that bitcoin is slowly but surely progressing to become a major currency and a lot of people are using bitcoin now. But the ATM seems like provided by a third party exchanger who might be taking a fat fees for every withdrawal from this machine.

But it seems useless to me to spend bitcoin to buy gas. Please track the progress bitcoin is making in terms of price. You can wait a little longer and then sell your bitcoin to buy buy something really important instead of everyday goods.

First of all, I would not invest a substantial amount of bitcoin in anywhere right now, because the time is not right. Bitcoin has not yet stopped its positive run and there is a lot more in bitcoin's kitty. It can go up to in any uncharted territory.

However, if there is no choice left, then I will try to withdraw my all bitcoin in my local currency and choose a traditional investment. Because I don't believe any company on my bitcoin. They may scam me anytime. So I will go for traditional investment so that my capital is secured.

Given the choice I would go for the property because property is a tangible asset and can fetch much higher return in future if invested in a good locality and wisely. But if you want to start from zero, you will have no other choice than currency. With less amount of money, you can't buy any property.

So it is wise to start with currency investment first and then you will be able to make a surplus money in long run, which you can use to buy a property.

Just like any other business, exchange is another business. They have their initial investment, but they are getting profits from the brokerage percentage they charge from every trade. So this is the basic return the exchange owners get.

Also from their earning, if they want to exchange it to bitcoin, they can simply do it from their own exchange system. which is not a very big deal in any ways.

Certainly, but you need to define the definition of the "GOOD" you are looking at. If it is for personal good, then definitely yes, bitcoin can be used for personal good. You can earn bitcoin from various sources and store it for future price increase. Then you can sell that bitcoin to buy something nice which you always wanted to buy. So it is good for personal matter.

However, if you are trying to do some criminal activity, then a lot of heat you will attract here. You never know how the regulatory agencies can track you. So think before you do something bad.

Every innovation will have two sides. Like nuclear power, bitcoin also has two different sides. One is good and another one is bad. So don't be surprised by it. Bitcoin is used by criminals as well. No doubt about it.

But what matters is your intention. If you are not using bitcoin for any illegal activity, then I think you should not face any issue. Use bitcoin for storing and trading. No problem should come to you.