Ban on bitcoine trade and transactions by China is not at all a surprise, it was expected.
China is a purely communist country. Where everything is owned and controlled by government.
Government prepare and even bends economic policies for their benefits.
All the decisions are taken by central authority only.
In such country permission to bitcoin was a big surprise. Bitcoin is a decentralised, autonomous functioning currency.
Bitcoin and other decentralised cryptocurrencies , allow people to trade directly with each other, cutting out the need for a middleman which, in traditional commerce, is a bank. This hit chines banks badly.
Chines government may have thought that due to anonymous nature of Bitcoin ,it can also be used for illegal purchases such as buying and selling drugs or weaponry.
It's also frequently requested for ransom payments by hackers who takeover computer systems.
This is what happened to the NHS earlier this year.
These are the additional reasons for ban of bitcoins in countries like china and Russia.

Bitcoin is the latest and the most advanced cryptocurrency of current time.
Bitcoins works in digital formats only, if you secured digital wallet then no one can steal your money from you.
No need to share your sensitive information to banks or any other institution for  any transaction.
Its completely decentralised currency, you can trade on your own without help of any mediator, no need to trust or depend on anyone. Transaction charges and transaction time is quiet less as compared to all other currencies.
Your money is secured in blockchain and always verified and secured by miners.
You can send money to any one at any place irrespective of physical boundaries of nations.
To have financial freedom one must you bitcoins.

A global currency is a currency that get accepted in any part of the world easily.
Bitcoin is becoming more and more popular, but not a global currency.
I live in world largest democracy, more than 80% people don't know what bitcoin is.
Many third world countries even aware of bitcoin`s existence.
So how bitcoin is becoming a global currency.
It may become a global currency but requires a lot of efforts.
Many countries have backed and accepted bitcoin as a legal tender.
In UK and USA transactions and investments are allowed in bitcoins, Japan has gone step ahead and opened ATM points for bitcoins smooth operations.
But still many countries are opposing bitcoins.
China, Russia have doughts/issues with bitcoins, they  put a ban on the use of bitcoins.
Indian central bank is warning its citizens not to invest or trade in bitcoins.
To become a global currency bitcoin has to overcome all the obstacles.

Decentralised, peer to peer, autonomous nature, low transaction time & charges are the basic features of bitcoin.
Bitcoins become more popular due to these features.
If governments starts putting its own regulations they bitcoin may lose it autonomous nature.
Governments always try to alter and control currencies for their personal benefits.
Putting regulation on bitcoin transaction these governments may earn good revenue.
They may put taxes on every transaction.
Many countries have legalised bitcoins on some conditions, tax structure is being framed.
Bitcoins are world wide acceptance, government tax structure will differ from country to country, this may affect its acceptance in countries where taxes are heavy.
If governments are accepting bitcoin as it is then and then only they will keep its popularity, value and progress intact.

Bitcoin is the most successful cryptocurrency in current market.
The market capital of all the cryptocurrencies is now 150 billion$.
Currently, the value of all the Bitcoin in the world is $41 billion.
Value of bitcoin is increasing much pace that no one has expected.
Due to its limited numbers and ever increasing demands, bitcoin has become more and more volatile.
This big difference in demand and supply is speculating its price. Due to its ever growing price more and more people are getting attracted towards it, creating more volatility.
Due to its unique features like decentralised, peer to peer, less transaction charges. less transaction time and unanimous identity etc it has become a widely acceptable currency.
Latest modern technology of mobile wallets and its continuous improvement may be one of the reason of Boom in bitcoins.
But we must always remember one thing Whatever goes up has to come down.....

Idea of piece of island is great.
But its only an idea in practise it is not possible.
All the islands of the world are owned by governments.
Regarding legal status of bitcoins, it depends on the rules and regulations of every country.
At the time of introduction all have opposed concept and operation of bitcoins.
But now after understanding its importance or benifits or may be popularity of bitcoins compelling the governments to accept them as it is.
Many governments have allowed bitcoin trades.
Japan is promoting bitcoin currency by  opening bitcoin ATM`s.
Still communist countries like China and Russia are opposing they as they think bitcoin is a threat to their economies.
India is in confusing state, its had not banned trade or investments in bitcoins but warning citizens against its use. To obtain legal status for bitcpin in every country, the citizens must put pressure on their respective governments.

No one can stop bitcoin currency and its popularity.
Wall street or banks have no right or power to stop bitcoin operations.
Banning something is done by the government of any country.
What Banks or financial institutions like wall street can do, they can build a pressure on their respective governments to ban bitcoins.
Satoshi Nakamoto published a white paper about btcoins at the time of its introduction.
As bitcoin is a decentralised autonomous currency no one can control or manipulate it.
Its rules are already decided by its founders and  its users are following it strictly for the safety of their investments.
Countries like China, Bangladesh, Iceland, Russia, Sweden who feel bitcoins as a threat to their economy have banned it.
But there are countries like Japan, USA, Uk who are encouraging use of bitcoins.
There is a mix response over bitcoin all over the world.

Bitcoin is the only fastest growing bitcoin currency.
This currency is benefiting to its investors or traders.
People can earn money by doing mining job from this currency.
One can earn additional income by doing signature campaigns for bitcoins.
Being a Digital, decentralised currency it automatically removes barriers of  national boundaries, one can trade worldwide.
Transaction time is also quiet less.
Transaction charges are much less as compared to Debit / credit cards, NEFT etc.
The transaction are peer to peer basis protected by a solider blockchain.
Bitcoins comes in digital form only so no need to buy additional security instruments like Safe or bank locker etc.

I think tradin of bitcoin is nothing but trading of altcoins only as there exist the pair of both on major scale. So yeah it’s always beneficial to do it because that’s the only best market which is available for us to trade. I’m trading since few months ago and getting good profits from the altcoin or bitcoin market. The returns are very high due to one fact that the altcoin is always cheap and when they pump they pump to very expensive rate giving us bigger margins of profits. So yeah it’s completely possible to make living out of it because trading can give lots and lots of profits.

That is very sad news to know about bitcoin gold. I was very excited about the bitcoin gold as I got it free from the yobit exchanger. The equal amount was credited my account and I’m still holding those coins. I know the coin was being dumped very fast after I saw it going from 0.08 btc all down to 0.035 btc now. This means people are not supporting it at all and started to think that developers will also nit get anything out of after seeing the ridiculous market cap for this coin. So I think I will keep the coins as they are free anyway and can dump them after the public release if the price increase for short period.

This will help only if bitcoin becomes legal entity of the national services. It will start contributing into national economy when there will control of government on bitcoin or whole crypto community. This is important step because people will not help grow the national economy if they are not paying the bitcoin charges into banks or financial system that they are using. If we are putting money into bitcoin and growing it there and keeping it there only (in the wallet/blockchain) then it will not help the national economy. So it’s decentralised character could restrict little bit. But let’s see what happens in the future and how it contribute to the government and nation.

I think ethereum has potential to grow big and upto the extend of bitcoin status. But this will take time as ethereum is struggling on its poor development status and can not assure much more than implementing new techs over its blockchain. It’s potential is more than that and ICO investment are the only current source whic are making it grow for the instance.

But there is still good chance that ethereum will take up its market cap beyond current rates by having more legalised ICO in the near future. What I mean with this is, more legal ICO or KYC verified ICO means more genuine investors of them and hence more money driving into ethereum blockchain and this hike in prices. ;-)

I think coinbase is still good service looking after the security and safety of our coins. The exchange cum wallet is good in handling and supporting the customers at first stage. If you ask another one then I believe in small exchange like livecoin and yobit exchangers because they are having wide range of features. Specifically investbox in yobit which gives us interest on keeping the money in their.

Though they are not wallets but their function is pretty convincing to me. Rest are all big exchangers and could be used with same higher fees as rest one.

I’m using Myetherwallet for all the needs of saving tokens and coins that I get from the bounty programs. As I’m not trading on mass scale it is easy to manage it from there. Also as per my readings over the forum and internet it’s best to use wallet which gives us private keys to hold and that give us the complete control of the wallet. So that’s why myetherwallet. For bitcoin I use zebpay which is best wallet in my country to buy and sell it.

Bitcoin itself is future currency and I think we can really make the future bright with it. Saving it for our children is like making them rich already as the price of bitcoin will rise to very very high in the near future. We can say that bitcoin is asset for store value in which we can put our real job money today and let it grow automatically with time to come.

The superior thing about the bitcoin is it’s always growing and will never stop due to its increasing popularity in the market. With that said I believe we can really secure their future. So let’s invest and grow them systematically.

Indeed, it is risky to make an investment in single instrument.
Investment must be made in diversified sectors, because if one sector fails others will survive.
Due to limited supply bitcoin is becoming more and more volatile.
So its prices are roaring up and also coming down with same pace so it is always risky to turn all your money in bitcoins.
Banks are centralised agencies protected by governments so risk of losing your money is minimum, at least invested amount is insured.
Investment in tangible assets like gold, silver is always safe, they are not volatile as compared to cryptocurrencies.
After all it depends on our expectations from our investments, more risk gives more income, but it will not happen all the time.

Money is any generally acceptable medium of exchange between two people.
It is a way for a person to trade what he has for what he wants.
It serves as a medium of exchange and have some economic value.
In barter system goods were exchanged with goods, later on gold, silver i.e. precious metal coins were used as money.
Currency notes came in circulation from more than 150years.
After digital revolution many new modes of payments get introduced like digital money.
Bitcoin is the most latest and most advanced mode of exchange or currency.
It possess all the functions of "money". It serves as a independent, transparent and most secure medium of exchange.
Transaction time is much less due to lack of any mediator.
It has no barriers of countries so it get widely accepted within short time span.

No currency in the world will end poverty.
Bitcoin is not created for social causes like removing/ eliminating poverty etc.
It is a economic tool created for smoother and mediator free transactions.
Bitcoin is a hope for 2.5 billion peoples who do not have bank accounts.
Poverty can be removed by hard work only.
Bitcoin will help to reduce poverty.
Jobs created by bitcoin transactions helps many to have job and earn money independently.
For that all countries should come together and have to legalise  bitcoins.

If the word “Drug” used here is referring to drug dealers then yes it is true and possible.
Things like these happens with all popular currencies or economic tools.
Whenever price of a currency rises good and bad elements starts getting attracted towards it.
As bitcoins has become so valuable, drug dealers get attracted towards it, its a decentralised currency and can get  transferred to any part of the world with no barriers of governments or any mediator.
This function of bitcoin making it more and more popular in drug world.
If any one is using fake id and account its quiet difficult to trace him.
How and where to use any currency is not in hands of that currency maker, the owner of the currency decides it.

When economist calls any currency as a bubble, they means that the currency is overpriced or oversubscribed. But this rule is not applicable to bitcoin as its a peer to peer currency protected by blockchain.
Currency Bubbles are made by group of individuals with bad motive.This is not possible with bitcoins.
Most of the currencies of the world are centralised one they get manipulated by the governments.
Bitcoin is a decentralised cryptocurrency, one cannot control or manipulate it by any way.
This autonomous status making bitcoin more and popular day by day.
Which has created fiat currency using lobby in deep fear and they started making bad publicity about bitcoin.
Nothing else.