I think nobody engaged in crypto-related activities wants bitcoin to die. Even pro-altcoiners don’t really want that because it would mean a collapse for the whole crypto market. I agree that the dominance of bitcoin should be reduced, as most cryptocurrencies are designed to compete with fiats, not with each other.

Of course, payments with bitcoin have benefits. However, it is impossible to switch to cryptocurrency payments in a single day. Countries with national currencies being devaluated are among the first to accept crypto. Despite the fact that the price of bitcoin decreased this year, the decline wasn’t as sharp as of some fiat currencies. Technologically advanced countries like Japan are always one step ahead, and their early adoption of crypto shows that.

There is a desktop, mobile, hardware, paper wallets for bitcoin. Personally, I use cold storage that CEX provides for six months. It’s as safe as a hardware wallet because your crypto is stored offline. Furthermore, the cold wallet is less expensive than a hardware one. You will need to create an account on CEX to start using its storage. And it can be convenient if you decide to trade crypto or exchange it to fiat, as they providing various payment methods (https://www.cex.io/buy-bitcoins). 

As long as companies accept online payments, thee need blockchain. Furthermore, it is not just about payments but also about data, storages, smart contracts. I think it can be applied to any industry.

We know that Bitcoin is volatile, but it has a high potential for future growth. Bitcoin is truly a good store of value, and the new generation is more likely to choose digital money with all the benefits of decentralization it brings.

How could governments or central banks stop Bitcoin? There is no way to do that. And for what? Crypto is not a trap, it was designed to help overcome the control and manipulations from authorities we suffer from.

I have no doubts about the bright future of cryptocurrencies. The most realistic scenario for Bitcoin is that it will become an alternative to fiat payment method. When developers solve the issue of scalability, Bitcoin will have all chances to become massively adopted. But I don’t think that it will complitely replace fiat money. 

This is good of you to learn before getting into the trading. Acquiring more and more knowledge will make you a successful trader. But you also need some practice – theory often differs from the real-life situations on the market. I believe that the choice of a suitable trading platform is a part of successful trading. CEX would be an ideal option, especially for beginners. You can easily buy bitcoin with fiat there (https://cex.io/btc-eur), as well as other major cryptocurrencies. Wire transfer as a payment method is free of charge. I consider it to be the most convenient exchange for trading.

Low fees that don’t depend on the amount or location, plus, no transmission fees and no restrictions – these are all the advantages. The network works 24/7/365 without breaks or vacations. Elimination of the third party in a form of p2p interaction reduces time and price.

I have recently learned about hidden fees bank charges when you open an account. They are small and considered to be a protection fee. But adding up a lot of such small fees can amount to a significant sum of money. The most revolting thing is that these fees are optional, but banks intentionally make them hidden and don’t let you know that you don’t need to pay them.

I agree with yongbaseo's posts. It will take some time before you begin to make real profits. But as you've already earned some money, you can spend a half and buy some amount of bitcoin. In addition to Coinbase, I would also suggest taking a closer look at CEX . There, you can acquire cryptos with cards or via wire transfer. Furthermore, the exchange provides you with a cold storage.

Satoshi intended Bitcoin to be used as an alternative to fiats that would serve as a medium of exchange. Eliminating third parties, providing convenient transactions almost for free, Bitcoin has chances to be massively accepted by merchants. But the real world made adjustments, and now it’s rather used as a store of value than a payment method. I think it is normal. We will open new opportunities for Bitcoin in the future and it will benefit regardless of how we classify it. 

I think the demand on Bitcoin will grow naturally with the course of time. Every year the number bitcoins decreases which also influences the demand. Acceptance of crypto payments by e-commerces will help increase the demand and motivate people to spend bitcoin as a currency. But this process requires many problems to solve.

There are many possibilities. But I have no doubts that the crypto market and cryptocurrencies will develop faster. Major coins will be more adopted and accepted by most goods and services providers. The prices will be higher as well. In general, I believe in a bright future of bitcoin regardless of how it will be used (as a store of value, an everyday means of payment, or a global currency).

Agree. Newbies should be really careful. But I can't call it deceiving 'cause such situations is natural for the market. It looks like it's better just to hold coins and not check any crypto news, especially CoinMarketCap. And, of course, before holding, newcomers should choose some safe and user-friendly place. Like CEX which provides several layers of security and allows purchasing cryptos or exchanging major ones for altcoins, for instance, BTC for ETH: https://cex.io/eth-btc.

US Dollar dominates over other currencies and is admitted as a world’s reserve currency. Of course, it has a huge effect on the world economy. The amount of USD credits for developing countries increases and dollar is strengthening. Dollar impacts on crypto as well, as it's directly related to the ability to buy and sell crypto. This is the major currency people buy their crypto with.

There is no need for bitcoin rebranding. It already has a famous name which is strongly assosiated with crypto, blockchain, decentralization, privacy, security, etc. Furthermore, it would be difficult for the whole community to come to a consensus with a particular idea of rebranding because everyone would have their own view on it. This would only cause confusion and divide the community. Rebranding would not change the essence of bitcoin but would only lead to unnecessary disagreements.

Thank you for such interesting facts. Honestly, I've never thought of buying some stuff for btc, but now I will reconsider. I spent my coins only while trading on CEX – I like that they support credit/debit cards and even bank transfers. A few months ago they announced their wires update (https://cex.io/wires-campaign/) and I wanted to make a deposit but didn't manage to collect the required amount of money. I hope they will offer something like that later.

We can see how powerful bitcoin is. It is the main reason for ups and downs of other cryptos. Bitcoin has the biggest liquidity on the market which is why people buy altcoins usually with bitcoin.

Are you talking about investments or speculations? As for the first, I’m totally sure that every person should invest in Bitcoin and own at least a small portion of it. We are going to disrupt the old world and create a new crypto society, so BTC would be useful. If you are confused, check CEX, it has great guides on purchasing your first coins like bitcoin or ethereum (https://www.cex.io/buy-bitcoins, https://cex.io/buy-ethereum). As for speculations, I don’t think that Bitcoin is a speculative asset. Of course, it became more unstable thanks to its insane price and importance but it’s still suitable for payments or money transfers, not for trading only.