That will never ever happen. Bitcoin doesn't have the power to replace fiat currency system in any way.

Bitcoin can provide alternative investment / earning route which anyone is free to explore, but it can't replace fiat currency. Not at least in next 100 years.

The concept of bitcoin itself doesn't support that as it is decentralized and not regulated by anyone.

Certainly yes, but only if you are ready to invest for longer term like 5-7 years at least. If you are looking for quick return, then I will recommend you no to invest in bitcoin. Bitcoin will not give you any immediate profit.

1000 pound is a lot of money to invest. So choose wisely and make sure that you don't have to sell your bitcoins if the need of money arises.

The only recommendation will be trading and nothing else. Even though trading involves risk but one can make a good amount of money without the fear of being scammed.

Every other ways of investment involves a lot of risk, significantly higher than trading. You must avoid gambling and ponzis every time.

Bitcoin mining is not profitable now if you have to buy electricity in market rate. But if you can manage a solar panel to power up your mining rig, then you will see some profits. Also the difficulty level is so high, that you may not get any coins.

SO try ETHEREUM as of now and it can give you a good profit at current difficulty. But the best coin to mine at low power is Monero. Go for it.

That's a good idea but you will have to check for the local laws if bitcoin is banned or accepted in that particular country or province. Otherwise, you and your customers will be in big trouble. Police will cease your holding and will receive the record of your clients. Then that record will be used to chase down your clients.

If there is any country where bitcoin is legal, you can try your luck.

Surely you can manipulate the price of bitcoin but only if you have a million dollar to trade in the free market.

Without a million dollar it is impossible to manipulate the price of bitcoin. It is easier to manipulate the price of a small altcoin which has just started.

If ever bitcoin stops being traded for fiat, it will loose its value for sure. Bitcoin will only be viable only if we can exchange it in to a fiat currency and spend that money in to our economy.

If it stops, no other store will accept bitcoin as a payment processor because, they will not be able to use this amount to procure goods and services. Hence it will loose its entire value.

Most of the governments will never allow bitcoin to be legal in their country. Because Government wants to control the power of people. So they will not allow free distribution of money to their people. Instead they will try to capture the source of it and enjoy it's benefits.

However, due to the technological complexities, most of the government is not bothered by bitcoin. That's a good thing.

Bitcoin is indeed an international currency. It has almost every characteristics what an international currency should have. Only thing is that, it is not regulated by anyone.

Due to this reason only, the penetration of bitcoin is not like fiat. Also the technology is not understandable by everyone. Only the tech savy people can understand it.

The most safest bitcoin wallet is hardware wallet and not any online wallet. SO coinbase and blockchain shares the same risk. However, both these online wallets are time tested and trusted by millions.

So if you are not holding your entire bitcoin savings in these wallets, it is good. Put the majority of your bitcoins in hardware wallet only. However, put  a fraction in these online wallets.

There are hell lot of way, you can do with your bitcoin. p2p loans, gambling, trading and ponzi. However, Gambling and ponzi are not advisable due to the high amount of risk involved with it.

But trading is the best thing you can do with your bitcoin. It also involves a certain amount of risk but again it is worth the risk. You can make some serious money with trading.

I am thinking long term. At least 5-7 years.. That is the reason why I am holding all my bitcoin and continued earning more and more. The only thing is that, I started from zero and I have never invested any fiat in to bitcoin.

What ever bitcoin I have now is completely earned online and hence I have invested only my time and not money that I earn from salary.

Stealing anything is not legal. Be it bitcoin or fiat money. What made you think that stealing bitcoin may be legal?

But stealing less numbers of bitcoin will have less impact and you may not get any help from police about it because bitcoin is online and police will have difficulty to understand what is bitcoin. SO if your fund is stole, go find it on your own.

Mining is over for individuals but one thing you can surely do with your bitcoin is trade, trade and trade.

That is the most effective and best way to earn more and more bitcoin using your existing holding. If you don't know how to trade, there are so many guides available for you. Take help and win the world with your trading skill. But stay away from ponzis.

Why not! I mean invention can happen anytime. Before the introduction of bitcoin, people have no idea what crypto currency is. Bitcoin came and won million hearts. This way, any great innovative idea can come up anytime, which probably will change the course of money making idea like bitcoin did to us.

I think we should be open for new technologies instead of thinking small things.

Right now I can not buy anything very precious with my bitcoin as I don't own that much bitcoin, but if I keep earning bitcoin like today, I will definitely be able to buy few items which I have dreamed of since my teenage.

Bitcoin has a huge potential to go up to any regime and probably after 5-7 years I will be able to make few of my dreams come true.

I won't say it is permanent, it is just strengthening it's base. The last run happened from $450 to $750 and then rested on current price at $580 level. Before the next run, it will take some more time to stabilized at the current price.

I see no reason to worry for them who have invested in bitcoin for long term. Bitcoin price is not going to be permanent at this level, it will certainly increase.

That entirely depends on the situation. If bitcoin drops to $1 then I will prefer to hold it for even longer. Because at that value bitcoin will not be much of use to me.

So I will hold it for another 5 years to see if it can recover. However, I believe bitcoin will never fall to that low. It may come down to $450 but not less.

In 20 years my age will be 50 and I will be on the verge of retirement if I live till that time. So I have some big plans with bitcoin.

I have currently accumulating bitcoin and I will continue to do so. I have no plan to sell any of my bitcoins. I will be holding it for another 15-20 years and will make the most out of it.

I have used both blockchain and coinbase wallet. Both are good and both are online. So they can be closed anytime and you may loose all your bitcoin savings. However, if you are holding a small amount of bitcoin, then you can use coinbase over blockchain because, coinbase doesn't have a transaction fee.

But for high amount of bitcoin, it is advisable to use hardware wallet only. It will take huge space and time download the blockchain but your money will be safe.