Once again,bitcoin proves to be non predictable.However this price dip may help those people who missed the chance previously to buy bitcoins when it's price almost crossed 9,000 dollars two weeks before.

I think that you would regret for your decision after five years and i guess that you would be able to buy just 0.00001 BTC instead of buying 0.1 BTC with the same amount now.

It's true that not all users are scammers but there are large number of scammers.It seems totally difficult to filter trusted people from them.So people have used to see every opportunity cautiously.

No local currencies would not get disappear as the local illiterate people who don't know about bitcoin would still BTC.C crypto currencies like bitcoin have their own drawbacks like requiring internet to process transactions and being highly volatile.

Yes big whales also manipulate the market but only to some extent and they don't have full control over the market.Otherwise by this time,bitcoin would had been just a pump and dump coin like altcoin.

Who told that bitcoin is for banking interests and for corporate centralization?

Bitcoin cash has no central authority?That's really a good joke as every one knows very well that BCH has been created by the bitcoin antichrist Roger ver only for his benefits.

Not all crypto coins are created for getting used as currencies everywhere.Infact,some are created for use as a payment option in a particular platform and until it gets used there,it would survive.

Yes the new investors contribute nothing to bitcoin.They just start investing in bitcoin when its price rises due to FOMO and whenever they face even a small price dip,immediately they fly off selling their bitcoins making its price more unstable thus increasing its volatile nature.

They are not even interested to know even how bitcoin works and is its previous history about.When bitcoin price starts falling,big whales dump their bitcoins making the price to fall more.These actions make bitcoin price to reach a lower bottom price.

Bitcoin could not be banned universally by all countries at the same time.Each and every country have their own ideas based on their geo political situation.For example,a south east asian country japan legalized bitcoin while china on the other hand took a strong action against bitcoin.Also many countries now have started to reconsider their stand against cryptos and have mostly decided to regulate bitcoin so as to increase their taxing revenue.

So no need to worry much about total banning of bitcoin all over the world.

You could find ample of details about bitcoin in this forum as well as reditt posts.Also you could find best updates about bitcoin in coindesk,99bitcoins,Bitcoinist,etc.Youtube provides you all updates visually so that you could get better understanding about bitcoin and could know about its pros and cons.

I think that failure to trace the most undervalued coin and investing in a coin which is just getting pumped and dumped due to lack of market knowledge is the main mistake which majority of new traders encounter.Also traders should not be vulnerable to market fuds otherwise they would have o lose their investments.

Also traders should avoid investing in newer coins until they get stable in the market.

Yes most of the countries consider cryptos as assets so that they could be taxed and not willing to recognise then as currencies as they might not be helpful to them for taxing.I would say that even if that even if they consider it as asset for taxing,even that would be far better from totally banning it or declaring it illegal.Even by this way,bitcoin would get an entry point for getting used widely.

No.Even if everyone make their own currency,then who would be ready to accept such currencies?So its not possible to happen.The pioneer and the most trusted bitcoin itself has not been still accepted everywhere and so no one would be ready to give value to such self created currencies and sell their goods or provide their service.So its totally illogical.

No.Bitcoin still has not been widely accepted and so the only way to buy anything is to convert it to fiat.With bitcoin still not getting accepted widely as a currency,in no way we could consider it to be a primary currency as we would not be able to buy anything with it or pay or any services directly.

It would remain only as a secondary currency as it has many limitations like not getting legalized,having only a limited supply of 21 million and able to operate only if internet available.

Yes even those critics who say negatively about bitcoin still praise blockchain as a remarkable technology.M ost of them are ready to accept blockchain technology in which bitcoin works but not willing to accept bitcoin saying it as a weaker technology.Here they totally contradict with their previous stand about blockchain.So we need not have to pay much attention to reviews of such financial heads whether they deliver positive or negative opinion about bitcoin.

Yes bitcoin has been abused selectively as already many financial institutions and banks have got frustrated due to bitcoin.So they all specifically target bitcoin that it is used for money laundering.

It's always better to have a backup of private keys in a hardware wallet and it should be stored in a secured place.S ince this life is full of insecurity,its always better to give details about our passwords to our loved ones.These must be the best options as many early bitcoiners have left their bitcoins useless forever after their death.

It's quite sad to hear.I have already seen some more people losing their hard earned coins when just trying to get forked coins.Already a person lost his bitcoins when downloading a fake wallet instead of downloading Electrum wallet from the official website www.electrum.org.So nothing could protect any one indulging in cryptos except his self awareness.

Its not just realisation.Its the holy truth.But our next generation would be blessed enough to witness it if bitcoin still manage to survive at that time as there are some serious threats like Quantum computers which may come in to existence after twenty years.

There is no guarantee about it.If some one starts spreading FUD again,tgen once again we may enter in to bear market.For now,there seems to be no FUD and negative news and so most of people have started to buy bitcoins due to FOMO.It has contributed to the price rise.