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It depend on market situation, during market dip, it better to hold any coins you had if their prices is still going down but it is a good time to buy more coins because they are cheaper than before. Sell only when price of the coins reached the profitable level that you've been waiting for.To ensure your profits for long term hold, select only the solid coins that the potential to grow in the future.

Bitcoin can become legal in the future by majority of the countries around the world and India will eventually allow bitcoin and other cryptocurrencies with its own kind of regulation and taxation. But it still depends on the outcome of the G20 summit on cryptocurrencies that held in Brazil. In that meeting, some members resisted call to discuss regulating cryptocurrencies at the conferences because they need to examine the digital coins further before any regulaltion could be proposed. The G20 members will meet again in July this year to give their recommendations on globally regulating the cryptocurrencies.

Not all media report negatively for bitcoin and it is also depend on their sources of information. Some media or press reports whatever information they get without fully examining or verifying their sources of information especially the sensational ones that will attract many readers or viewers. The stiff competition in media particularly in online news is one of the reasons why there is always a negative reports because it can attracts more attention than the good news. And the more viewers/readers they attracts, the more sponsors they get because sponsors like ads is the source of their income.

There are many coins that is being considered to be the next bitcoin like ethereum, litecoin, monero, ripple, and others. These alternative coins are now popular and highly visible in the cryptocurrency market. For the meantime, bitcoin continues to dominates the crypto market and still enjoying the lead with about ten times as large as the closest competitor. Only time can telll which one of its closest competitors will eventually overtakes bitcoin as the leading cryptocurrency someday.

Not sure, they must show valid reasons first why bitcoin can become a national currency someday. Many would reason out that bitcoin is decentralized, tax-free, easy to transfer, no need for intermediary and others. But there are also some disadvantages on using bitcoin as national currency like its high volatility that cause it price to fluctuate rapidly, the price may rise and fall drastically and might cause confusion among the users and there is also a possibility of massive hacking. These and many other possible problems in the future have to be solve first before using bitcoin as a national currency.

China can only affect or influence the price of the bitcoin temporarily but it can't stop or obliterates the bitcoin from  the cryptocurrency market. Bitcoin will surely face a lot of challenges in the days ahead but as long as the majority of the investors and users support it, there is no reason for the leading cryptocurrency to cease from its existence. China's restriction in bitcoin and other cryptocurrencies might also temporary and the officials that imposed the ban might eventually allow virtual currencies and exchanges in the future.  

Aside from the already mentioned factors that affect bitcoin price, another one is the market manipulations where traders or the so called whales purchase large amount of bitcoin to pump the market temporarily then dump them later. Technological changes and innovations can also influence the market of bitcoin like its recent hardforks. The stability of bitcoin network and the wider mainstream acceptance can also moves the price of the bitcoin.

Not all cryptocurrencies are made for legitimate purposes, some are just made to make money and scam investors and users. Many of them will not survive the stiff competition and will simply vanish out of the crypto world. Some cryptocurrencies like bitcoin, ethereum, ripple, and other promising coins have been proven for their profitability by many investors. Try to learn more of these well known cryptocurrencies before investing on them.

I think only bitcoin transaction are taxable and it still depends on a country you are residing. In US, almost every bitcoin transactions, mining, spending, trading and exchanging is taxable by Internal Revenue Service. Bitcoin gained from signature campaigns is not taxable unless there is law or regulation requiring every participant in the campaign to pay tax.  

There is a big possibility that bitcoin or any cryptocurency can provide the need for alternative money in many developing countries by using some kind of a mobile payment system that enables people to transact. The idea of cryptocurrency providing opportunities in countries with weak economies is already taking place in some impoverished nations like Venezuela and Zimbabwe. These nations with weak economies had already turned their attention to bitcoin for an innovative solution of payment.

Investing in bitcoin and other cryptocurrencies needs preparation like educating yourself on how the cryptocurrency works and learn also on how to manage risks and your emotions. Many investors , particularly the beginners has the tendency to panic when the price is falling down. If that kind of emotion remain uncontrolled, it will lead to panic selling which can also result to more losses in the future. Any newbie who want to invest in cryptocurrencies should first gather enough information on cryptocurrencies and always make his/her own research before joining in any kind of ICO,

Ethereum price is still down by $540 level as of this moment and according to some crypto analysts, it may slide down further below $500 before bouncing back. This price down fall is not unusual because it's in the nature of cryptocurrency. Volatility causes rapid fluctuation in the prices of cryptocurrencies but it will eventually recover in due time. This is also right time to buy some ethereum as its price is now getting cheaper than before. Many investors and holders are also looking for this opportunity to buy more ethereum because they believe on its growth potential for both short and long term.

When a KYC is required in every ICO  or cryptocurrency exchanges, I'd rather make a thorough research first before applying or joining. The aim of this account verification process or known as KYC, Know Your Customer, is to prevent fraud, theft, terrorist financing and money laundering. Companies and the owner of the ICOs want to ensure that their clients are not involved in any kind of illegal activities that uses cryptocurrencies or money.   

Ripple is still a better choice for investment despite of being a centralized cryptocurrency and geared mostly for the banks because it is a kind of technology that created for banks to enable faster payments and lower cost. Ripple is expected to duplicate its growth last 2017 as being one of the best performing cryptocurrency. Some large banks and other businesses like American Express are already partnered with ripple for a faster payment system.

The second ranked coin next to bitcoin will never be a scam because it one of the best developed cryptocurrency. This cryptocurrency is also a kind of decentralized platform that runs smart contract which is an application that runs exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. Before you brand ethereum as a scam, it's better to fully educate yourself first on how the cryptocurrency is made and how it works.

The people who become millionaires are the one that invested some big amount of their fortunes during the early years of bitcoin and held it for many year until the price reached some all-time highs. Those who invested recently might already wealthy people that trying their luck also in bitcoin and cryptocurrencies but if they are beginners they might suffer some losses before eventually earning some profits.

The market are more bloodier in the past but it always managed to rise up as soon as the bloodbath in the cryptocurrencies is over. In this kind of situation, hodling is still the best way to generate income for long term. Be sure to choose coins that are solid, stable and has shown the ability to bounce back from any market dips. It is also good to shop on some promising coins during red days because they are a lot cheaper then hold them til their price is up.

There are some factors to be considered before the price of the bitcoin go up and turn into another bullrun, positive news like the one coming from the ongoing G20 summit for cryptocurrencies which stated that there will be no regulation and that virtual currencies are not a pressing issue. This positive statements had caused some cryptocurrecies to rise up particularly bitcoin and ethereum. The good developments are what investors have been waiting for but some of them might also cautious because the outcome of the event is yet to be known.

It is been called the bitcoin capital of Asia, Japan continuously making advancement in bitcoin investment and many of the Japanese people knew bitcoin and other cryptocurrencies very well. Other countries, particularly in Asia, might also take Japan as a  role model in managing their own crytpcurrency exchanges. In my own country, majority of the bitcoin users are young and almost all of them used social media to to get the latest update on virtual currencies. Sad to say, only a minority knew about bitcoin if you compare it to other countries like Japan.