Definitely,its a matter of serious concern for chinese miners.We know that largest number of miners are in china since electricity is very cheap and mining equipments cheap due to cheap labour.Bitmain is largest manufacturer of mining equipments which is from china.If bitcoin mining gets banned in china,then they have to start finding new customers globally to run their business.Don't know what miners would do as their business would get totally collapsed.China's domination in bitcoin market is only due to large number of mining farms there.So,if it gets stopped,then china would not be getting more new bitcoins.

Definitely,china has halted the pace of bitcoin a little bit,otherwise it would have almost crossed $5,000 by this time.But still,it was not as expected by most that bitcoin price would fall down to $2,000 once again.Even some investors just waited for the price to reach $2,000 to buy.But surprisingly,due to the huge buy wall all over the world,bitcoin managed to recover soon.The only bigger threat for bitcoin,china is no more a threat.

Bitcoin is truly a digital currency.But what for it is mostly used decides whether it is now a currency or an asset.Earlier,it was mostly used as currency.But now things have almost changed upside down and now with its rapid increase in price from $650 to $4,300 within a year,most people have started to consider it as a valuable asset which could give huge returns.So,its quiet clear that in future too,it would be mostly used as an asset and only minority people would use it as a currency.

Definitely,the genie bitcoin is out of the bottle and it has started to show its potential.People who wanted to put it once again inside the bottle like china don't understand that it could not be done and instead,they should rethink how to effectively make use of it just as japan did.Most of critics are not optimistic and they just see a bottle filled half with sand as a half empty bottle.They fail to see the advantages that bitcoin has provided to the community like blockchain technology,very fast transactions,etc.

I hope that atleast other countries as well as big economists should here after follow the way of japan concerning bitcoin.

Different countries have different regulative measures.We could see that regulations laid down by china clearly shows that it does not want to encourage the use of bitcoins at all i its country.Japan on he other hand totally legalized bitcoin.Australia has started to consider bitcoin as money from july 1st.Its true that almost all countries have realized that bitcoin could no more be avoided and hence many countries have started to regulate it.Regulation is good for bitcoin's progress as more people would confidently start using bitcoins but it should not be such regulation laid by the chinese government.

Many people could easily come to the conclusion that the second hard fork would also be a failure as the previous hard fork in august 1.But what should be concerned about this fork is that majority of miners who had signed the New York Agreement have agreed to activate segwit 2x by doing second hard fork and this time,many big companies are also supporting it.So,we would have to just wait and watch that whether bitcoin with legacy chain succeeds or this hard forked bitcoin with segwit 2x.

Definitely,bitcoin could help for the progress of a country's economy,but indirectly by providing more earning options for the unemployed people.So when the standard of living of a country's citizen increases,it would increase the consumption of goods more in the country which would in turn help for the country's economic growth.

Bitcoin investment involves risk like other investments.But bitcoin has already come across much critical situations and it has survived.Bitcoin would loose its value when there is no body to buy it,but we could see that the demand for bitcoins is ever increasing day by day.So,the chances are very less for bitcoin o loose its value completely.

Younger generation are more attracted towards bitcoin as they find it as an innovative technology which gives them new earning opportunities as well as freedom from traditional banking sectors.Most of people have started to realize and enjoy freedom of power with bitcoin.They are able to analyze the previous price history of bitcoin and find it as an ever growing investment despite problems it has faced.People who have already suffered from economic crisis and government policies find bitcoin to be a safe haven.That's why,they feel comfortable in holding bitcoins even during worst situations as they don't want to once again get in to trap of old traditional money system.

Bitcoin is number one not only because of it being introduced earlier than all the other currencies,but due to its potential.It has gained the trust of people almost all over the world and i think its difficult for any other currency to achieve that.It has successfully overcome lots of obstacles it has faced either due to governments and banks or greedy miners itself.Ethereum,Monero,Zcash which were once expected very much are not able to replace it.Bitcoin has given people a new means of earning option,cheap way of transacting,secured investment,free from government hands and i think that it would be hard for any other single altcoin to deliver such huge number of features.

Bitcoin is totally out of control of any country including china.It was created as a decentralized currency uncontrolled by any one.It was true that earlier chinese dominated the bitcoin trading and they manipulated bitcoin price many times by just dumping their bitcoins.Also,bitcoin exchanges created fake trade volumes.Later,due to PBOC actions to regulate bitcoin exchanges,they started to slowly loose their control over bitcoin market.

Even then,they had a lion's share of bitcoins since they had the largest number of mining farms there.Every one still feared that even a small change in china's policy regarding bitcoin would affect bitcoin price.But since bitcoin has reached most users all over the world,this time,bitcoin has totally proved that its no more in need of china for its progress and that its a dominating force in the future economy.

Main advantage of paying with bitcoin is the anonymity due to which we need not have to submit any of our personal information.Since now most of online businesses have started accepting,we could instantly pay with our bitcoins and transaction fee has almost become very low nowadays.Universal acceptance is available for bitcoin and its an added advantage.

Bitcoin purchases are discrete.Until a purchaser publishes his bitcoin transactions,his purchase could not be linked to his identity.Since bitcoin purchases could not be identified by third parties,sales tax would not be levied on any of the purchases.

If you need to earn bitcoins without an investment,then joining in a signature campaign would be the right choice as you have to only post here and receive your bitcoins weekly.Zero investment.

Also,you could join faucet sites,but the income will be comparatively low and it would be a total waste of time.

You could mine some altcoins which support CPU or GPU mining in system or laptop.But there is a huge risk of your laptop's mother board getting damaged.

Most successful traders follow some basic ethics.

1.Never follow the market blindly as its mostly filled with FUD.
2.Never panic.
3.Do your own research and find the most under valued coin.
4.Diversify your investment by buying two or three coins to minimize the loss.
5.Set a profit margin of 5% or 10% and finish the trade as soon as you reach that target.

I think that bitcoin should traded in a long term basis and day trading will not be profitable for bitcoin market.The price variation is very low in bitcoin in a small duration of time.But day trading would best suit for altcoin market as altcoin market is highly volatile.Short profits could be quickly made.Day trading could be done repeatedly within a day many times by fixing a low profit margin.Long term trading does not suit for altcoin market.

         I saw that localbitcoins.com is available in your country also.Its internationally available over 249 countries.I think it would be the best option for you as they don't ask KYC and you can just register with your email.Its hassle free.You would find more traders with their offers.Just select the best offer and buy.I have not yet bought bitcoins using it.But i'm always selling my bitcoins only using localbitcoins.com.

My trading style is to analyze the market and find the most under valued coin so that my initial investment would be less.Its the best way to make huge profits instead of buying a pumped coin and facing loss when it gets dumped.I always fix a profit margin of 5% or 10% and finish the trade when i reach that profit trade.I don't do the mistake by just following the pumped coin expecting that sky would be the limit for my profits.Just finishing the trade as soon as my target profit reached.

If china had tried such actions much earlier when bitcoin was totally dependent on china in all aspects like trading,transactions,etc.it would have caused a serious damage to bitcoin.But its too late.Already,big giants like japan have entered the market and south korea is just following it.Japan has moved a step ahead by legalizing bitcoin.So,china's actions would only have a very small impact on bitcoin and we too witnessed that bitcoin price very quickly recovered from the slight downfall.So,china could don nothing damage to bitcoin except restricting its citizens from using bitcoin.

        When bitcoin becomes legal,the first change that we would face is that almost all retailers would start accepting it as a payment just as we witnessed in japan.We could easily sell our bitcoins directly to persons instead of approaching exchanges.
        Demand for bitcoin would increase more as people would get more confidence to invest in bitcoins as it gets legalized.We too saw a huge increase in demand for bitcoins and its price too after japan legalized bitcoin.
        Other change would be that all our bitcoin earnings would be taxed which would become unavoidable.It is the main reason for which most of governments try to legalize bitcoin.

Cashless society would look like great,but its very hard to bring in to reality.Lots of issues would arise.Still we have senior citizens and illiterate people who don't know about digital transactions.They still consider paper money as the true currency.In india too,the government tried to ban high value notes and convert people to cashless economy,but it failed to deliver the expected results.Even in US where mostly digital transactions are carried out,still paper money is used.