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.

The investment is not recommended. At least not this much amount. However, if you have a lot more money and it is just a fraction of your welth, then you can certainly do that but if it is all you have, then please refrain yourself from buying bitcoin with the total amount.

Because bitcoin price is very dynamic and it can go to any direction any time. Also to get a good return, you have to wait for another 5-7 years. If you are thinking of quick income, then invest in some regulated mutual fund or equity market with professional guidance.

No and Never. I will never accept bitcoin as my salary because salary is something which makes my life comfortable and helps me to maintaina certain standard of living. So I can't really play with my salary.

If I receive bitcoin, then it will come with exchange risk. Bitcoin price is very dynamic and if the rate falls, I will incur losses which I don't want to do. Let bitcoin remains an alternate currency.

There are so many ways to earn bitcoin in this market. But always check the credibility of the method you are about to use so that you can avoid fraud in future.

For me, Trading is the best way to earn bitcoin that any other methods. I won't say that trading is a risk free method, but at least you will create your own fortune with this method and no one else can scam your money in this method. So the profit and loss both are yours.

Bitcoin is not a ponzi neither a pyramid scheme. It is a currency and should be used as a currency only. Even through some people like me, likes to think bitcoin as an investment, but it is actually not.

But investing in bitcoin can fetch you a very high return, which any traditional investment can't fetch. So use it as a currency or as an investment, profit will always be yours. Only thing is that, you need to know how to safeguard your bitcoin from the hackers.

Everyone say that Mr. Nakamoto is the founder of bitcoin and some people is wondering why he is not appearing to the public. He has a valid reason for snot appearing and I truly support that reason.

Bitcoin is a revolution towards a free world. He has tried to establish an alternate economy in to the current situation. Unlike any other fiat currency, bitcoin is not a tangible asset. So no country will want bitcoin to mix in to their own economy. So if the actual Mr. Nakamoto revels his identity to the world, he will immediately become the "Most wanted criminal" for all the enforcement agency. So let him live his life peacefully and please continue enjoying the bitcoin without disturbing him.

Even initially I had a good feeling about p2p lending and invested some money in to this btcjam and btcpop website. But then I started seeing that people are here to scam other people only. Hence I stopped and withdrew whatever I have in my kitty.

Still around 0.28 BTC is floating in the market and I have no hope of receiving that amount. Even though it is not a big amount but the trust factor is not there anymore. Even I have stopped investing in to p2p lending.

21 BTC is a huge number in my local currency..It is around 0.9 million. So if I have 21 BTC then I will be able to fulfil one of my dreams of owning a superbike which costs around 0.8 million in my local currency.

Or else, I can save the money for my future and invest it in some regulated investment in my country so that I can get some good and assured return from bitcoin.

Bankers can certainly manipulate the prices of crypto because they have huge funds to invest in to. But I think, this way, small investors like me will also be benefited.

If we can see the funding is coming in to crypto market, then the price appreciation will benefit all of us. What I feel that bankers investment will help crypto to become more streamlined.

Can't say about the evil or non evil but one good feature of bitcoin is that, it is not monitored by any central authority. But all paypal transactions are monitored by the respective country's governing body and hence whatever you are earning through paypal, you have to declare it in the tax form.

On the other hand, if you can find a local trader for exchanging your bitcoin to local fiat currency, then no one is going to question you on that earning.  You enjoy the complete freedom.

Yes, bitcoin affects life a lot, but for me, bitcoin is all about positive impacts. With time, my savings have grown considerably and also I have bought few gadgets which I wanted for a long long time with my bitcoin savings.

By god's grace, my bitcoin was never stolen by an hacker till date so I am enjoying the fruits of bitcoin in a good way. Nothing negative still did not happen.

I did not find anyone till date in my community who knows about bitcoin. All they know that money can be earned online but they have no clue how to do that.

When I have told them about bitcoin, they went crazy as they did not have any idea that money can be mined through a computer program. So I have asked them to research on it and few young guys came back to me for more information. Frankly, only tech-savy people shown interest in bitcoin and not anyone else.

Not anytime sooner or later. Bitcoin simply doesn't have the power to replace an old established currency like dollar. The main reason is that bitcoin doesn't have a physical presence and dollar is a globally accepted currency.

On the other hand bitcoin doesn't have a physical presence and you need to be a tech savy person to use bitcoin in your daily life. So bitcoin can't even become a threat to the dollar or any other fiat currency. It can add value to people's life only and nothing else.