It is not possible for bitcoin to replace money. Bitcoin can become a very good investment destination though. In future, plastic money like cards will take over the financial system and money will only be seen in bank accounts, but bitcoin will not be a replacement for money.

Because bitcoin is not regulated by anyone. So fair distribution will not happen. However, bitcoin can certainly become the internet currency.

If bank starts to accept bitcoin as payment method, will surely be revolutionary. It will drastically increase the acceptance of bitcoin to many people. It will increase the usage of bitcoin as well as it will help to grow the bitcoin fanbase.

However, your bitcoins will be tracked and you will be taxed for earning them. 

No and never. The reason is bitcoin price is dynamic and it can go up or down anytime. Salary is really important to fulfill all my liabilities. I can't take a hit on this.

So after receiving my salary in bitcoin, if the price goes down, I will be in losses. Salary is something which I can't experiment with.

The transaction speed depends on the amount and the network fees paid for that...If the amount is high and the fees are less, it may take up to 30 minutes.

But I have exchanged a very small amount from an exchanger which is less than $20 and the transaction was instant. Did not take any time to get confirmed. So I guess the appropriate fees should be paid to the network.

Definitely not. I will not leave my daytime job for bitcoin only. I am earning bitcoin in my spare time and I am happy with it.

Leaving job for bitcoin will be a huge risk in my career and I won't let that happen. Also I feel no one should go full time on bitcoin. Treat it as an alternate investment and store your bitcoin for long time. It can make your dreams come true. But regular earning and spending of bitcoin will never make you rich. 

It is a very wise and good decision to buy any amount of bitcoin now. At 650 USD, bitcoin is under priced. It has the potential to go up to at least 2000 USD in future. It may go up even more, who knows.

But you should go for long term like 5-7 years. Only then you will be able to see good profit from bitcoin.

Great listing... Thank you for taking effort to collate such a huge list..Very helpful.

I really liked the idea of embedded mining. It can change the course of crypto currency world. mining will become an easy job. 

It is not just bitcoin...most of the currencies' price are dropping. But I think it is pretty normal for bitcoin. probably most of the traders are selling their bitcoin just to book profits and due to the high sell volume, the price is dropping.

But I am sure there's nothing to panic about. It will come back to normal soon.

Actually they are the optimists. They want you to sell your bitcoins so that they can buy it cheaper. My suggestion is don't sell any of your bitcoin. You will sell your fortune.

Bitcoin has the potential to become huge. Wait for some more years and you will be rich. Don't get provoked by them.

LOL!! funny topic..  Just let them know that they will be able to buy gucci bags and designer dresses. Thats it.,...No more motivation will be required..

Simply put forward what they will be able to buy and they will start controlling bitcoin. as simple as that!

bitcoin is a global currency. It is being used in most of the countries without the border limitation. What else can it be? But I don't think these happy days will last forever.

Most of the governments are not aware of it and hence they don't bother. But if they see that people are becoming rich using their computers, then they will start intervening. Probably then people will have to pay taxes to the government for earning and holding bitcoin.

Holding bitcoin is also an investment and I think you should hold 11 BTC for the safer side. Start trading with 1 btc. it will give you a good expoosure in trading world.

Though bitcoin trading is not safe. But if you know how to trade, you can make a good amount of profit out of it. Never invest in ponzis or to any gambling site. You may loose all.

Given the choice, I would go for gold. The reason is simple. Gold is a tangible asset and it has enormous value. Though it will not appreciate like bitcoin, but you will have a secure asset.

We are not sure, if bitcoin will be still strong like today. But you know for sure that gold will be available even after 30 years from today. So if you take bitcoin as an investment, gold will also serve the same purpose.

Google adsense is absolutely useless. Unless and until your website has a very click ratio, you will make nothing. Not at least at this nascent stage.

Instead use a-ads.com....It is really good and I have received four payments already. your pageviews will never be correctly updated with google adsense. I have tried it myself. it's no use. 

people saying that because they want to bring down your moral to buy bitcoin. So that they can buy it cheaper. DOn't listen to them and keep buying bitcoin because it has the power to make your rich in future.

However, there are some genuine haters of bitcoin I have seen. The simple answer you can give to them is your smile. Just ignore the haters.

For me, bitcoin doesn't have much use in my daily life. I don't use bitcoins to buy my daily groceries or mobile recharge. Because bitcoin is not meant for that. Bitcoin should be treated as an alternative investment option which can make you rich in future.

I heard there are few options in my city where I can spend my bitcoins, but I won't be using it for now.

I have a very simple philosophy behind using bitcoin. I want some of my dreams come true with the power of bitcoin. I trust I will be able to make it.

Hence I am not selling any of my holdings. I am just accumulating more and more bitcoin for the sake of future. I believe bitcoin will hit more than 2000 USD in another 20 years and I believe I will earn some good amount of money in one go when I will sell it.

There are two genuine ways to buy bitcoin, one is buying from third party and another one is trading. Holding bitcoin is also an investment so buying bitcoin will not be a bad idea as it sounds.

But the most profitable way to get bitcoin is to trade. You will need some initial investment but it will be worth. Once you get the hang of trading, you can make thousands.

Bitcoin simply can't disappear from your wallet until and unless you spent it or someone hacks it out. Bitcoin is like your bank account. like the money can't disappear out of the blue, so as the bitcoin.

If bitcoin goes scam them many people will loose millions of dollars. It will certainly bring down the moral of many investors, but nowadays we have many alternatives like dash or ETH...so the crypto currency market will survive anyhow.

Every thing has a positive and a negative side. So as bitcoin. I completely agree that bitcoin is being used by many drug dealers but there are lot of general people who also use bitcoin. and they use it for investment only. They don't buy drugs using bitcoin.

So don't think that due to some criminals, bitcoin will become the money for criminals. They are just a small percentage of total bitcoin users.