Bitocin indeed is an interesting currency.
currently many people are interested in bitcoin.
It has shown 300% increase in its value in year or more.
Countries like Japan and South Korea are leading in its use.
Japanies companies like Recruit Lifestyle Bic Camera have already added bitcoin in their buying tools.
There is also a unconfirmed news about Amazon will start accepting bitcoins from October, it may be a rumor but no one will ignore fast growing currency like bitcoin.
One of the main reason of bitcoins popularity is its low transaction cost and less confirmation time.


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Bitcoin currency or an asset, It has both features of both asset & currency.
But bitcoin is more as a currency than as an asset.
Volatility in price is the main future of any currency.
Volatility of gold averages around 1.2%, while other major currencies average between 0.5% and 1.0% and of bitcoin is 4.6%.
Even though bitcoin is the most popular safe, autonomous currency.
Japan have accepted it as a legal tender and promoting it by opening ATM centres.
Like other currencies bitcoin is used for buying various goods and services, can be exchanges with currencies.
It can be traded in market like other currencies.
Many countries are not accepting or allowing bitcoin as a currency of trade.
Since its introduction its value has almost quintupled, and it still posses the potential of going much higher.

https://www.buybitcoinworldwide.com/volatility-index/

There are many ways of earning money by using bitcoins.
But it also depends from which countries of the world you are operating. Some countries are not accepting trade or transactions in bitcoin as legal one.
- Can earn bitcoins from trading, for that you must sound knowledge of market conditions , price volatility. https://cex.io allows you to trade in market.
- The very best way is bitcoin mining, every successful mined block earns bitcoins. For that u need an infrastructure  and knowledge of domin.
- If have Internet connected computer, then Signature posting is best option. In this you have to do a  forum posting, you will get money for every post you write. https://bitcointalk.org/index.php?topic
- If are good knowledge of bitcoin as a cryptocurrency, you can earn money by writing blogs and also to various websites, there is always demand for persons with technical details about bitcoin.
- If your born with a good luck you can earn bitcoins from Gambling also.

People will use bitcoin in their daily transactions.
Earlier they were using fiat currency, now they are using debit or credit cards, internet banking or applications like Paytm.
But how many people of the world will accept it, is a major question.
It is not that all the population of economically or digitally developed is using bitcoin or similar currency.
Use of bitcoin in day to day transaction needs a basic setup like electricity, internet, mobile & mobile wallets, which all families cannot afford. Instead they prefer paper currency in day to day transactions which requires none of these basic setups.
Day to day use of bitcoin is possible only when the governments of all the countries approves it as a legal tender which is not possible due to its high running cost.

Whenever a new technology is introduced it get hit by a gap between two generations.
Young people are always ready to accept new things but older generation try to stick to the current technologies they are using.
Bitcoin is a quiet complex process to understand.
Though people are using Smartphone's and  computers at office or in home this concept/ technique is entirely new for many.
Even though many people over the age of 40 have adopted bitcoin concept in their lives. But a large number of people all over the world will always stay away from cryptocurrencies like bitcoin.

I dont think so, banks have no need to start any way war against bitcoin or any similar currency.
Concept of banks get introduced around 2000 BC, this sector had seen many ups and downs all over the world. currently banks are controlling economies of many countries.
Banks not only trade, they do many other activities like collects deposits pays interest on it, give loans from individual to big industries, work as a mediator or guarantor bin international trades.
Such and many similer functions are not possible for bitcoins.
Newly emerged currencies never beat them by any means.
Even though by observing the pace of growth of bitcoins banks have also started making changes in their traditional way of business.
In fact banks should come forward to accept bitcoin as an additional tool of trade & exchange.
Competition between these two will definitely benefit the users.

Yes it’s not quite possible to earn enough money by relying only on bitcoin or any currency because these currencies are quiet volatile.
If you are a good in trading, have lots of knowledge and experience even though you cannot rely on this completely for your daily earnings.
You can use it as an additional instrument for your income.
Its a good opportunity for those who are retired have their own business or who work from home. Full time bitcoin work may destroy your personal /family life, in office you have certain time limit for work, your responsibilities are also fixed.
While doing bitcoin mining one cannot work in time frame.

People are always conservative about their portfolios and about investments.
They follow traditional ways and instruments for investments or trading because they feel safe and secured in it.
If you have to convince these people for investments in bitcoins start investing or use bitcoins in your day to day work prepare yourself with all technical details, you must have sound knowledge of bitcon.
Don’t go i in technical details in the beginning.talk with the about bitcoin currency, how it works what are the advantages, mobile wallets, transaction fees how these charges are nominal as compared to other instruments etc.
Show them your work, the profit you are earning.
Have patience because it is not easy to convince someone in this subject.

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no, banks never get eliminated totally.
Banks do many functions required by persons in their day to day life.
Banks help people by paying them interests by keeping their deposits.
They not only give loans to general people but also to the industrialists who run industries by charging them interest.
Banks works as a mediator between those who have surplus and who are in need.
Currently no substitute institutes or agency is there which can replace banks.
Banking business may get affected by cryptocurrencies like bitcoin etc. but they will definately overcome them by making adequate changes in banks technology or by reducing the bank charges.

One cannot predict life of bitcoin. By looking at its current volume and pace of growth it seems quiet difficult to stop this currency.
Many currencies, monitory tools are controlled by banks, they impose sections cut or increases interest rates as per their needs, that is why there is always need of decentralized currencies like bitcoin.
Though one of the largest bitcoin company Bitreserve claimed in 2015 that bitcoin will not be there after five years.
Bitcoin will change its current format or mode of working in future but such popular concept will not disappear,
it will disappear with disappearance of electricity and internet only.

Even after news of scandals, hack, fraud etc. bitcoin is growing continuously , because of its best features. Bitcoin is a independant instrument, so individual; bank or government cannot manipulate it or even establish control over. For making trade no need to approach bank for net banking or for debit or credit card system, u can make payments immediately by using secured wallet. Transaction charges are quiet nominal as compared to other mode of payments. You can also earn money by doing mining work.

Banks and Government must start accepting new ideas concepts. Governments are well aware of bitcoins but they are not accepting it due to political pressure etc. Governments of all countries wants to exercise their hold on the economy, they will never allow decentralize cryptocurrencies to work on their own. They will monitor or try to keep control over the operations of trade this will destroy the transparency of bitcoin.Though many Asian countries have allowed bitcoin as a legal tender, some are promoting them by opening bitcoin ATM etc. Reserve Bank Of India is warning people not to use bitcoin currency.

As bitcoin is a decentralized peer to peer currency, its quiet difficult to advertise it worldwide..
-   As it’s a open source currency  in nature question how and where to advertise it.
-   It has no backing of govt or agency they who will bare the expenses of advertising, advertising by any media is quiet expensive now a days.
-   Who will keep track of advertisements & calculate its responses.
-   Legal status of bitcoin is still unclear in many countries, some may have not declared it as a illegal but they are not ready to accept it either.
-   Some mobile wallet companies are already started advertising bitcoins on televisions and on internet.
-   Why there is a need to advertise bitcoins it is already showing its power as a cryptocurrency to the world 

By simple principle of economics price of any commodity is determined by the flow demand and supply of that commodity. If that commodity is scare in nature then obviously its value increases. Same is happening with Bitcoin, total number of bit coins  are restricted to 21millions so they are always in demand. Bitcoins are becoming more and more popular due to its usefulness nature. These are three factors (High demand + Limited supply + high utility or usefulness) determine the price of Bitcoins.

I don’t agree with this statement, bitcoin has shown its potentials since its origin, its has now nearly 10 million users. Though it has long way to go to become a widely acceptable currency like US$. It has directly or indirectly generated n number of jobs and source of incomes all over the world. It has given a better option for investors online buyers from traditional manipulated currencies.

Its a good topic to discuss. Currently Its difficult to see bitcoin will kill income tax, the use of bitcoin as a currency is still limited as compaired to other currencies. For many governments bitcoin transactions are suspicious transactions, because they have no control on it. If you are not paying any taxes on it will increase suspicion of govt. and govt. will  try to find new ways to catch you. If you are using bitcoins for trades then its ok but whenever you will go to encash it govt. will ask you for the source as well as Taxes. Now a days governments are more interested in imposing Indirect Taxes rather than concentrating on Direct Taxes.

Bitcoin mining means solving bitcoin algorithms, these solvers are called miners, they solve these maths problems by using special software’s & get bitcoins in exchange. It’s a decentralized process, the miners verifies the transactions and charge for the same from buyer or seller.
https://www.bitcoinmining.com/    https://www.bitcoin.com/bitcoin-mining

Like bitcoin the creator of bitcoin is also anonymous. On record it is said that Satoshi nakamoto created bitcoin, but no one had seen him, its proxy name that may be used by a group of developers to bring bitcoin into existence. There are many myths & stories about the creator but actually bitcoin is developed by its investors who are the real protectors of bitcoin.

Current no croptocurrency is in apposition to beat or destroy bitcoin. It may loose its charm, may become less popular but Its quiet hard to destroy bitcoin completely. If any new trading tool introduced with new simple technology that can shake bitcoin. Botcoin is currently accepted in many countries, if these countries refuse to accept or ban it as a legan currency then bitcoin get hit. Any natural calamity or war between nations can affect bitcoins business. Infrastructural failures like non working of internet connection for a muchlonger period or attacks by malwares can slow down bitcoins business. Sudden lose of interest of mass people  in one concept ( Orkut to Facebook or twitter) may hit bitcoin a large.