Actually there are more than one types of investors in the market. One group prefers stability and another group prefers taking risk. Since bitcoin has a huge upside potential, the risk takes are taking their chance. But it is also possible that bitcoin price may go down any time in future.

For the other group, stable price will trigger their investment into bitcoin, if they come to know that their money is safe.  They probably won't get much return but their capital amount is safe and will not erode anytime. So it depends which group of investors will prefer to invest in bitcoin. Stable pricing is not bad though.

If I ever have that much bitcoin in my kitty, I will simply not start any business. Truly speaking. I would like to convert a major portion of that bitcoin to my local currency and invest that amount in to some regulated investments like government bongs, securities or mutual fund.

Only a small portion of that amount of bitcoin I will keep as an experimental fund. So if bitcoin price goes up, I can get the fruits. No business for me, only investments. 

Investing in physical mining is still profitable only if you are not mining bitcoin. Bitcoin solo mining is not profitable from a long time now. But there are some alternate currencies which you can mine and get the profit.

You will have to check with other miners to fix upon a single currency to mine. Monero I think is still profitable. But cloud mining is not a recommended investment. You may loose all your money. Instead buy rigs and start at home. It is even better if you have access to alternate energy source like solar panel.

Crypto currency is just another form of money and not a magic which will help this problem. So my answer is NO. Bitcoin or any other crypto currency will not be able to help the poor countries.

However, if the people of the country wants to start their own business with bitcoin, probably that person will be able to help himself. He may be able to change his own situation and nothing else. It can't help the mass in any way unless someone donates to them.

I see very very less chance of it happening. Because bitcoin is the pioneer in crypto currency world. The market cap is already huge which shows the interest of the people in bitcoin. So it is hard to replace bitcoin.

But on the other hand I won't say that it is impossible. You may have some other crypto currency which may grow up to bitcoin's level in future but probably that currency won't have the power to replace it. It is just that people will start enjoying the fruits of that currency as well. That will be only good for the crypto currency world only.

No. I am not even close to it. Like any other currency, bitcoin is also hard to earn. So for the traditional currency, the amount of effort you put in tio earn that much, you will have to put more effort for bitcoin.

Also those who have already became a multi millionaire using bitcoin, they won't publicly announce it. So I guess, you won't find anyone here in this forum who will declare himself as a multi millionaire. 

Yes certainly, bitcoin is indeed a new step towards success, but I won't recommend anyone to solely depend on bitcoin itself. The reason is, that bitcoin is not regulated by any central authority. No country is backing up bitcoin and also bitcoin is completely algorithm generated. It doesn't have any physical presence.

So depending on bitcoin solely, is a very high risk task. Instead everyone should use bitcoin along with the traditional currency. So that bitcoin can add a little extra cream on your savings.

I see no reason why banks will not work with bitcoin? It can be their destination for investment as they can reap a good amount of benefits from bitcoin compared to the traditional investment.

But it may seem problematic for them to start with something which doesn't have any governing body. I guess that is the reason, they may not get the approval from the central bank. But if they do, then we will see bitcoin to reach new heights every single days.

Gold and bitcoin both are different type of asset and can't be compared with each other. While gold is a tangible asset, bitcoin is not a tangible asset and that makes a lot of difference.

With gold, you can make ornaments or simple can invest it for a long time to get appreciation value. But the appreciation is limited for gold. However, with bitcoin, you can't make anything fancy. Firstly you have to convert it into a fiat currency and then you can buy something with bitcoin. But interms of appreciation in value, bitcoin is a better choice for me.

Why you want to tell everything to your girlfriend? I mean, bitcoin is better kept secret unless you want to loose all your bitcoins.

Keep storing your bitcoins in a secret place and accumulate a huge amount and then buy her something expensive to surprise her. Don't tell her upfront otherwise you won't be able to save any bitcoin. Every single bitcoin will be evaporated before you can see it! Funny but true!

The only way to save and grow your bitcoin is to trade. Trading is the best way to grow your bitcoin. But 0.01 bitcoin is too pow to start with trading. So keep earning some more amount and then start trading. Even 0.2 bitcoin will help you to start trading.

The another way to grow your bitcoin is to hold them for long term. If you can hold your bitcoin for another 5-7 years and keep earning through the signature campaign, you will have a good amount of money after that time period.

I mean why not! Who would not want to increase his wealth? Being a multi millionaire, does it restrict me to make more wealth? Absolutely not!

So my answer is yes, I will definitely use bitcoin, even if I am a multi millionaire. Probably I will be able to make more money out of bitcoin, because my investment will be bigger, my trade volumes will be higher. So my personal wealth will help me to make more money out of bitcoin.

certainly I believe the same. Bitcoin is definitely the new step towards success for many people nowadays. While it is made for open economy, many people are enjoying the financial independence through bitcoin.

Without the pressure of the enforcement agencies, bitcoin showed the world its power by changing the lives of the people by improving their financial condition.   

These people are actually opportunist who will ask you to sell all your bitcoin holding so that they can buy it cheap and make good amlount of profit in future. Simply I will ask them to mind their own business instead of disturbing me because I am an optimistic guy and I am thinking long term for bitcoin.

I am storing my bitcoin to get a good amount of profit 5-7 years down the line. I have a day job so I don;t depend on my bitcoin earning. It is just an extra toppings for the future.

10 BTC means 6110 USD as per the current market rate. So it comes to 0.4 million in my local currency. So I won't be able to buy a house with that, but definitely, a superbike can be bought with this money. So I will go for that only if I am not allowed to store that amount.

But given the chance, I would love to only store the amount. Probably I will cash out 1 or 2 BTC for some immediate house development expenses but mostly I would love to store that amount so that I can buy something bigger in future.

It's always a good thing to diversify and that is the reason, why people are using more than one bitcoin wallet. If you have a small amount in bitcoin, then using more than one account does not make sense. But if you are holding a good amount of money, then it is recommended to use more than one account.

If one wallet service provider goes down by any chance, at least some of your holdings will still be secure and you don't have to worry much about loosing all your money.

It is a big NO NO for me. It is also not advised to keep only bitcoins in digital form as it can be hacked anytime. If it happens, then you will be left with simply nothing.

Always maintain a good balance between cash and bitcoins. Maintain a certain percentage of your money in to bitcoin and also a good percentage in to cash so that you can use it anytime you want. Also the risk of hacking will be reduced.

Holding bitcoin is also an investment in its own. So don't bother yourself by investing your bitcoin to some third party website as they might scam you.

But if you hold your bitcoin in some secret place and hold it for some years, then it will definitely give you some good returns which any conventional investment won't be able to give you.

Just to give you an example, I have accumulated most of my bitcoin holdings, when it was at 450 and now the price is 605 USD, so I am already obtained 50% profit.

I don't usually use bitcoins for silly things like mobile recharge or buying groceries. I have salary for that.

I basically use my bitcoin to increase my savings amount so that I can buy something big in future. Bitcoin has the potential to go up to any price in future, probably 5-7 years down the line, but if I waste my bitcoin for silly things, I will have to regret later. SO I am just storing bitcoin.

Not at all!!! Since when earning money became boring? I don't see any reason for that.

Money earning is always a fund job to do. We work for whole month so that we can see a happy bank account at the end of it. So earning bitcoin is never boring as long as you see that the value of your bitcoin is increasing and your savings are sky rocketing. But if you really think that earning bitcoin is boring, Then send all your bitcoins to me and I will make good use of them.