What is the actual purpose, that Mr. Nakamoto would be able to tell but I can tell that bitcoin became a phenomena after becoming live. It is a path braking innovation which has changed the course of internet money. People are getting benefited from bitcoin in a good way.

I won't say that bitcoin is being used only for legal things, but if you use bitcoin for right cause, it will benefit you only. Otherwise, take it as an investment and never sell your bitcoin for another 5-7 years. You will be able to fulfill some of your childhood dreams with the power of bitcoin.

That's great! I was also seen an article in an english newspaper and inclined myself towards bitcoin few years back where they had published few bitcoiners story. Great to see India is thinking about bitcoin. But again too much popularity through newspaper is not good though as it may draw unwanted attention from enforcement agencies.

But overall it is a positive news.

Wow, you are a rich man already, why do you need to invest these bitcoins. You may end up loosing it. Online investments are not that much credible and may scam you anytime.

Storing bitcoin is also an investment and I would suggest you to do the same. Just store your bitcoin for few years and you will see that you are getting more return than any other conventional investment available in the market. If you know how to trade, then you may also try it but it also involves a lot of risk. 

I am being honest and I don't want bitcoin to come down to $100 level anytime again. Because if this happens people will look for other alternatives and bitcoin price will come down further. Also people like who has trusted bitcoin as a very good investment destination will have to face a huge loss.

So frankly speaking, I am waiting for bitcoin to reach new heights every single day so that I can enjoy the fruits of my investment and become rich with my investment.

Well bitcoin will only be mined till 2023, 7 years from now. So It is hard to tell what will happen after 20 years. However, seeing the price run of bitcoin, it can be assumed that it will reach up to 10k after 2023. New coins will be taking place for bitcoin and bitcoin will be considered as one of the rarest currencies.

Whatever happens, one thing is sure, that bitcoin will be considered the most valuable currency even after 20 years and people will go mad over it. Whoever is earning bitcoins now, don't spend it. You may become a millionaire after 7-10 years. Who knows!

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I don't think ebay like e-commerce websites will do any good to bitcoin. Paypal is entirely a different ball game. Paypal is strictly regulated and follows rules. It was a path braking innovation at that time, but the money people used to pour in, was all fiat.

But bitcoin is a different electronic currency without any origin and it is not regulated by anyone. So, bitcoin popularity is basically based on the people's trust. It can't be measured by the way people can buy things from a marketplace. So bitcoin's price is the only factor which is increasing its fanbase and it will continue to do so. E-commerce sites will not be any help.

People like me will always choose long term but safe investment. But I must admit, I couldn't find a single program which can guarantee long term safe investment till date. Initially I though p2p lending is good, but few morons proved me wrong by not paying me back.

So as of now, I feel storing bitcoin is the best long term investment you can make to get good profits. Also for short term risky investment, I found trading is the best way. It is risk, but it can reward you suitably on the other hand if you can play it right.

I think this is the most consistent signature campaign till date. Never missed a payment. So people who are unhappy with the payment rate, may just leave.

Being the pioneer of the crypto currency industry, bitcoin ideally shouldn't have any competition. But sad, bitcoin has competition and they are the altcoins which is popping up everyday like mushrooms.

If we have only a handful of altcoins like 4 or 5, then it would be a great experience for everyone. But we have around 800 odd altcoins which are eating into bitcoin's profit in a big way. The investments are getting divided and bitcoin is not getting the required amount of investments. Otherwise the bitcoin price would have reached 2k mark a long time ago.

I do not agree with you completely. Among the sites you have mentioned here, is a mix of trading and casino sites. And I will not vouch for casino websites in any way as it is a great source of loosing your money.

The best investment for bitcoin is to store it and not to spend it. Storing bitcoin is a great investment and can fetch you a much higher return compared to any conventional investment. Also trading can be a great source of income but only if you know how to play it right. So yes, storing and trading is ok for investment but not p2p or casinos.

The future of paper money seems brighter tan ever. I see no threat to the future of paper money. Obviously most of the government is trying to introduce cashless transaction and promotion digital awareness, but that doesn't mean that paper money will be worthless.

The economy size of the country will be determined by the money available in the country physically and not electronically. So paper money will never be worthless even after 20 years.

Why wouldn't I believe in fiat? Afterall this is the currency I use for my day to day expense and also I receive my salary in fiat. So most definitely I believe in fiat and I will continue doing so. Nothing seriously happened for that I have to stop believing fiat.

Bitcoin is an investment to me and nothing else. One thing I know that bitcoin investment will give me a much higher return than any other conventional investment available in the market. So I invest and store bitcoin. But fiat I use for my daily expenses. So I actually believe in both fiat and bitcoin.

No and it will never be. Bitcoin will never become the future of money as it doesn't have the basic characteristics of being a money. Money is basically a contract between the central bank to pay the bearer the similar value in exchange of a note. So money is regulated by a central authority and backed by some tangible asset like gold.

On the other hand, bitcoin is not backed by any tangible asset and not regulated by any central authority. It is anonymous which is not a characteristic of a money. You can say, bitcoin is an alternate currency which is creating a parallel internet economy.   

Not everyone knows about bitcoin. Sorry to say, but it is the truth! Bitcoin is known to only a handful of tech savy people who actively looks for ways to earn online money. Otherwise, I have seen many technical people is unaware about bitcoin.

MY colleagues are all technical people, yet they don't know about bitcoin yet. When I tried to explain bitcoin to them, they laughed at the fact, that bitcoin is a mined currency using a computer program. So people are not adaptable to change. They love to think conventionally and are not open to new things. Yet we bitcoiners are doing good!

Yes, why not? The possibility is endless and your account can be hacked by some hacker who will send money to his own wallet. However, there are some precaution you can take to minimize the chance of getting hacked. Like 2FA authentication or email authentication. Where you will recieve sms or email with a security link, through which you can only access the account.

But it is always wiser to use a hardware wallet for majority of your bitcoin. Also maintain a coinbase or blockchain wallet to receive funds from outside. Do not disclose your main wallet's id anywhere. These ways will make you safe from hackers.

Since the time bitcoin mining became non-profitable for small investors, cloud mining emerged as a problem solver. But it involves a lot of risk. SO I would not suggest cloud mining to anyone as it displays similar qualities like HYIP.

I think, trading and binary trading is the best source for bitcoin nowadays. Even though it is risky, but it still offers a better odds to win bitcoins rather than hyips and cloud mining programs. Only thing you have to learn it first and then start with a small investment. Once you get the hang of it, you can become a full time trader and the returns will be amazing.

Like any other trading market, bitcoin price is also measured by the demand and supply. if the supply is more than the demand, the price will come down and vice versa. SO surely you can manipulate the bitcoin price but only if you have around a million dollar to play in the stock market.

If you start with few thousand dollar, they there will be no impact of its price. So if you have a deep pocket and you are willing to play with that in bitcoin market, then probably you will be able to manipulate otherwise not.

Well I have also taken one worst decision with my bitcoin just two months back when it was at $600 level. I was in need of some urgent fund, so instead of asking from someone, I cashed out around 200 USD worth of bitcoin to my local fiat currency.

Looking at today's price, I am regretting now. I could have made it 500 worth of USD if I had not cashed it out then. I could have made another 50% profit with that existing bitcoin just by holding it. So I will not touch my bitcoin for another 5 years from now.

True! Being an INDIAN I can understand your point. Bitcoin is not as popular as China because we don't have internet facility in every villages of INDIA. A large amount of people are still outside the reach of internet. That is the reason why majority of the INDIAN have not heard about bitcoin.

Also a large amount of our oldage population are simple not interested because they are not tech savy. The concept of bitcoin can only be understood by a internet educated person.

However, if you meet the younger generation of India who belongs from a middle class or upper-middle class section, you will see that many of them knows about bitcoin.