The latest proceedings about bitcoins suggest that it is a “valuable asset” rather than a “means of transaction”.

(1) Attack, using anti–money laundering laws, etc., the entities that allow Bitcoin to interface with the "real" (non-Bitcoin) world.
(2) Try to destabilize the value of Bitcoin. So perhaps buying a bunch of Bitcoin over time, and then selling them all at once, causing market crashes.
(3) Finally, attack the *image* of Bitcoin. Publicize the hell out of its uses for hard drugs, child pornography, assassination markets, etc.

we’ll look at some of the common reasons people use bitcoin and some of the most common uses of bitcoin overall.
Bitcoin Use 1: Spending Money Privately
Bitcoin Use 2: Low-Cost Money Transfers
Bitcoin Use 3: Day to Day Purchasing of Normal Goods

    Like any currency, there are disadvantages associated with using Bitcoin:


    Bitcoins Are Not Widely Accepted

    Wallets Can Be Lost

    Bitcoin Valuation Fluctuates

    No Buyer Protection

    Risk of Unknown Technical Flaws

    Built in Deflation

    No Physical Form

    No Valuation Guarantee

After years of debating about how Bitcoin should scale the controversy turned into action. The Bitcoin code split in two different directions. One direction supporting the optimization of Bitcoin blocks through Segwit, while the other direction supports bigger blocks of up to 8mb.

Bitcoin is a currency like no other. In short it's digital money that solves many of the problems our current currencies suffer from and introduces many other uncertainties we never had to deal with before.

Risks-

Untraceable.
Easy to lose
Hard to trade
Still too new
Can't buy stuff
Too volatile

Everywhere I go, I see Bitcoin popping up more and more. Many web services accept payments in the form of Bitcoin, and some even sell their homes for the stuff. I know it's a digital currency, but where does it come from and how is its value determined? More importantly, should I bother earning it and using it for any reason?

For now, that workaround appears to be in the form of sites like Coinbase, which unfortunately are still nowhere near prepared to take Bitcoin where it needs to go for your local Starbucks to be accepting it at the cashier. Until a more creative solution is agreed upon by the community itself, the challenges of how to reduce the transaction time to the same as what you’d get swiping a debit card will mount as Bitcoin’s userbase continues to grow.

Bitcoin is decentralized and limited. This is a major factor for many Bitcoin users. Bitcoin is hard for governments to trace and tax. Also, unlike fiat money produced by central banks, there is a cap set on total Bitcoins, limiting how much the currency can devalue through inflation.

Successful bitcoin investors need to do three things: have a plan, expect drops, and secure their bitcoins.

So far, Indian Bitcoin exchanges have not given an official statement. But it is likely they will follow their international counterparts. There is a worry amongst Indians that the exchanges here will not pass on the new currency to them. "It is important to note that the BTC will be available to all the customers who have been holding bitcoins before.

The term cryptocurrency has been rapidly gaining ground and understanding of its use and value in the public eye. At first it seemed unfamiliar and somewhat scary, like the credit card looked to users in its early days. You might be more familiar with terms like Bitcoin, and Ether. These are all cryptocurrencies using the Blockchain Technology. As a result of the great work of the Blockchain Technology to keep this currency and technology safe, we are the benefactors.

Why use bitcoin? Here are some good reasons why it’s worth taking the time to get involved in this virtual currency.

1. It’s fast
2. It’s cheap
3. Central governments can’t take it away
4. There are no chargebacks
5. People can’t steal your payment information from merchants
6. It isn’t inflationary
7. It’s as private as you want it to be
8. You don’t need to trust anyone else
9. You own it
10. You can create your own money

The Bitcoin Investment Trust Shares have almost tripled in value in the last twelve months, gaining more than 30 percent in the last three months alone. Meanwhile, SPDR Gold shares are down 3.78 percent in the last twelve months and up 4.49 percent in the last three months.
Apparently, Bitcoin is more popular than gold among investors.

According To Forbes

Bitcoin Is An Asset, Not A Currency

Over the past year and a half Bitcoin has been on a spectacular run, rising in value 140% in 2016 and now an additional 49% in just the past month. This surge in value has invigorated Bitcoin backers convinced this boost in value makes Bitcoin a more credible currency, that it is a sign of the cryptocurrency’s strength. Yet the wild swings, both up and down, in the value of Bitcoin do not make it a more plausible substitute currency; they make it a speculative asset, a get-rich-quick scheme.

Is Bitcoin the currency of the future? No
There are 2 big problems with bitcoin as a currency: its value is unstable & its transaction processing is too slow.

buy bitcoin online

Bitcoin in The United States

In 2015, the CFTC defined bitcoin as a commodity which would then be covered by the Commodity Exchange Act (CEA). It was a positive sign, but the fact that it wasn’t considered a security by the SEC showed there was still the reluctance to consider it as a currency.

The following are some of the major advantages of using Bitcoin versus other currency systems:

No Third-Party Seizure
No Taxes
No Tracking
No Transaction Costs
No Risk of “Charge-backs”
Bitcoins Cannot be Stolen