Well, I think most of us who invests in Bitcoin agrees that the main reason is "profit". We all see the potential of bitcoin as an investment nowadays because the profit is sky high especially for those who bought during its first months of introduction in the market.

Some countries does not support bitcoin due to its potential to be used in illegal practices such as money-laundering and terrorists financing. They believe that Bitcoin can be used as a payment in exchange of illegal activities which will threaten their country so they cannot risk legalizing it. Another reason is the competition with the national currency. And of course the security of people's investment. But most of all, the major concern here is the issue of paying taxes.

This is really an interesting question and could help those who are experiencing this kind of situation. I have a friend who tried the stock market. Started his investment from $100 and later on had a profit of $5,000 after a couple of weeks. He got excited and became greedy that he bet all of his profit just to lose almost 80%. If I were in his case I'm gonna pull out my capital and the 50% profit. Then play with what's left in my bankroll. We should be wiser in this kind of situation.

There really is no telling what the future of Bitcoin will be like. All we can do is predict and hope for a better if not best future. We've seen how the value rises and falls during the past years and that's how we start to predict its future. While most of us said that Bitcoin will reach its $100,000 value in 10 years, some are skeptical. Of course that is normal as we know nothing is indefinite and in my part, I really don't know what are the factors that mostly affect the appreciation or depreciation of bitcoin. But I sure do hope and pray that in 10 years Bitcoin will reach its highest value, well, not necessarily the $100,000.

I have many plans for my Bitcoins although I don't have much as of now since I just started when my brother introduced it to me last January. One of my plans is to invest more on bitcoins and when time comes that I am earning a lot of it I will definitely venture into business and use a portion of my hard earned bitcoins as my capital. In that case, my bitcoin will grow in my btc wallet while I'm having profits from managing a business that I love.

Well, they say that bitcoin's future is bright. Since we're just in the adolescence stage when it comes to bitcoin, we'll definitely experience rise and fall of its value. But since it's not yet ripe, I am expecting or lets say praying for a ten folds of increase of bitcoin value for the next 10years. But seriously, we haven't seen the climax for its value surge so yeah it is possible in ten years time. All we need is time and a lot of patience.

Should you buy or sell today? I'd say you should buy today. Why? Because in my observation, the value of bitcoin now is high but wait for more months or say years, you'll never believe how high the value of your current bitcoin will be. It just keeps on appreciating. I've read an article in forbes about an american guy from silicon valley who started investing in bitcoin during October 2010 with just $3,000 and guess what he now has $25M and is travelling around the world without worrying about his future!

I believe so. One great example of this situation is me. I'm unemployed right now for 2 months already. I must say that with bitcoin, I still feel efficient as an individual. Instead of brooding and thinking where to get money every single day, I use my unlimited time and days mining and working for bitcoins. And guess what? Bitcoin do pay the bills! I'm still new but I earn enough to get by while looking for a new job. I just hope my friends will believe me on this, you know? Since bitcoin is not widely known especially to those people who only know to use their internet for social media platforms. Everytime I mention "bitcoin" their brows would literally form 180degrees! LOL. Kidding aside, they really don't know what opportunity they're missing.

For me, I consider bitcoin as a new money but not to the extent that it replaces our current currencies. We may be living the technology era but let's admit that in this world of internet nothing lasts. There's always something new. But right now I will definitely invest/use bitcoins because it's end will not come any sooner and besides we can profit from it really fast and big.

One of the disadvantages of Bitcoin is that not all major countries accept bitcoins. So it's market, though universally big, is somehow limited to those countries who consider it as currency. But in my opinion, in 5 years or so, bitcoin will double or triple its market since we are living in the internet era. Wouldn't you wish you had your hands in these bitcoins during the early years of it's existence? I wish I had!

Definitely! It is considered as an internet currency/money because you can use it in purchasing online. And not just purchasing online, you can cash out your bitcoin using your bank account and, just like here in Philippines, any remittance center that are accepting bitcoins.