No one can predict the bitcoin price movement because bitcoin prices is extreemly volatile. Instead of buying bitcoin by way lump sum, it's better to buy bitcoin by way dollar cost averaging. So we better to not buy bitcoin everytime we have money, but we better to buy bitcoin periodically so we will bigger chance to get more bitcoin. That is my strategy to buy bitcoin.

Extra income will very help people who in poverty. A lot of people become poor because they are traped in world financial and market system, for example a country very need import good to fulfil the people daily necesity, but that country only can buy that goods using dollars, so they have to convert their national currency into dollar that makes the dollar price even higher and higher, this condition makes their fiat currency's value drop the cause the poverty on their citizen. If that country save bitcoin as reserve currency or considerd it as national currency, then there is no such problem. It is just my oppinion, bitcoin is too volatile, for now it will help the financial of the users.

I agree, there is great possibility after fiat become extinct, bitcoin will only be traded with gold.I think if this happens then the price of gold and bitcoin can be more stable. We will never forget and leave gold. The gold is immortal It is beautiful, useful, and never faded. People are very appreciate gold

That is because of blockchain technology. People are prefer like to become cashless society, mostly use credit card for transaction. But the bank as intermediaries of the transaction ask for expensive fees in exchange for their services. The low transaction fees and the fast transaction of bitcoin is the features that makes people interested into bitcoin. I also like the bitcoin prices that continues to rise.

Yes, bitcoin and paper money is financial instrument, paper money is also called banknotes, in the past people entrust their gold to bank to get banknotes, so paper money should be a representation of gold. paper money is bank products, the conclusion is when people don't use paper money anymore, bank will not be used then dissapear, or bank will change it function. People of some countries are leave their national currency to bitcoin because it give more benefit for them. So there is still a probability about bank to disappear.

I think it still possible, the use of fiat in some countries are already decrease. Especially for countries which has been in crisis for years such zimbabwe, people there buy btc to survive times of economic uncertainty. So bitcoin can replace fiat if the people think that bitcoin is better and can help them or by another reason.

Paper money will gradually disappear. Since there high growth rate of internet users and the credit card usage as new way of payment methode. It has imposed many limitations on traditional currency and exchange systems. But use credit card is not so practically, bitcoin come up with a lot of features that will help people to be more convenient and free to make any transaction. So there is high probability for bitcoin to make cash become extinct.

This already happen. There are classes about bitcoin and another cryptocurrencies as part of curriculum in the university of ohio.  It is important for educational sector to always adapting to today's world and becoming more advanced and more suitable. It seems the university which teach about bitcoin also have begun to accept bitcoin as means of payment.  

Bitcoin would improove country's economy. By increasing the people's income. Even georgian government create innovative system of registering land titles via private blockchain. This means some countries are already seeing the benefits bitcoin that will have a possitive effect on their economy.

Yes, that is right. Even the government decided to treat cryptocurrencies like bitcoin as property. So bitcoin holder (in USA) will now have to deal with complicated and sometimes daunting reporting requarement. I also think that the tax is too high. But that regulation only in USA, the another country have different regulation about bitcoin. And also the regulation can be change anytime, I hope all government not applying high tax on bitcoin. Although people can avoid tax on bitcoin with litle more effort.

Yes, bitcoin is freedom. Anyone who has access to internet are have chance to own bitcoin. Bitcoin rellied above $6000 again after its price fall because of the bitcoin baning by china's government. Global news are very influencing the bitcoin prices because it can make investors afraid then sell their bitcoin, but it seems that the effect is just temporary. People are smarter, they even wait to buy bitcoin in low price, because bitcoin is nice invesment and good currency.

Yes, bitcoin volatility is a distinct advantage for trader, but it is also an inhibiting factor for bitcoin adoption by countries. Actually bitcoin is also reduce unemployment but only in small amount and undirectly,  many people are build bitcoin related companies which create a lot of job vacancies for people especially who have computer skill. I agree with you about the benefits of bitcoin in term of transactions, bitcoin transactions have no intermediary institution like bank, so the cost of transacting are kept very low.

I agree with you mate, bitcoin protocol it self may be secure but the wallet and services used for exchange or store bitcoin may not. So choosing wallet and services with famous and good brand name is a must.  We also use 2fa to give extra layer of security for our wallet. I emphasize again that bitcoin protocol it self is safe.

I agree this the best digital currency and it also better than fiat, I even do not have to pay bank with high fees for each of my international transactions. The another reason why bitcoin is the great currency is because even government  cannot interupt our transaction. I experience a greater degree of freedom than with fiat.

The limitation in supply of bitcoin is make bitcoin much better than fiat. The another big difference between real money (fiat)  and bitcoin is the government and other institution cannot control bitcoin but they can easily manipulate fiat by print it which cause to inflation or by  other way, for example FED can raising the interest rates that makes the growth on dollars borrower's finance is slower and even stunt.

The risk remains but we may still be safe, seeing the good progress of bitcoin and the increasing acceptance of bitcoin then exchanging paper money to bitcoin will be profitable for the future. But we cannot fulfil our daily needs using bitcoin because the number of merchants who accept bitcoin is still relatively low. We still need paper money for the present but I am sure gradually we will leave it.

cash also vulnerable against inflation, high fee of transactions with other people internationally, can be counterfeit, burn, rip and pose a big risk to people who carry big amounts of cash everywhere. But those problem have been solved in the presence of bitcoin. So I cannot say that cash is better than bitcoin.

You right but why they don't like bitcoin?  Bitcoin is created for our own good, isn't it?  To solve problem we face while using cash. Bitcoin become one of the most exciting currency advancement now, and similiar system may envolve in conjunction with bitcoin to facility easy and fast exchange of goods and services. Bitcoin's amount is limited and it can not be counterfeit unlike cash, this differences makes bitcoin better than cash.

But probably some banks need bitcoin  . There is a bank named skandiabanken which announced it plans to offer clients the ability to link bank accounts to cryptocurrency holdings. It seems that bank wants to attracts cryptocurrency users to still use bank services, I think they know that the grow of cryptocurrencies will reduce bank usage by people. It just my oppinion.

Kids will not able to understand the complicated things on bitcoin.  Probably if we make parable it will be helpful, even some adult people are not understand yet, although you tell about bitcoin to them everyday. We must keep telling them about the progress of bitcoin.