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I would like to know if cryptocurrency will replace fiat money in the future, also if so how long it will likely take. Also, I would like to know which coin you think would take over if one will. (E.G. Dogecoin, BTG, LTC, XMR)
I think it's possible, but not in the next 20 years. And when this happens, it will be not Bitcoin. I guess that this coin hasn't been invented yet.
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I think the next global crisis would have a negative impact on the crypto market, as the money deficit in this case will be filled at the expense of the crypto market as well. I hope this doesn't happen.
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Why, until now, government all over the world still doesn't trust bitcoin?
Hey, it's now 2018 and things have changed! Bitcoin is trusted, and governments recognize him in different countries. For example in Japan, Germany and Switzerland and a number of others.
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I think because banks and governments can not directly control Bitcoin. But not all governments are afraid of Bitcoin. On the contrary, some countries are friends with him, for example Germany, Japan and Switzerland.
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I think global regulation will not kill Bitcoin. On the contrary, this will promote its popularization, as well as create the ground for the arrival of new major players, such as institutional investors.
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Now there are many phishing sites exchanges and online wallets. Their design is the exact copy of the original. After entering your data on such site you will lose your funds. Carefully check the domain address in the address bar of your browser.
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I still believe that bitcoin will recover from fallen,and it will grow up to the higher again.how about you?!
In the short term, I think soon the price will reach the bottom and unfold. In the long term, I think that undoubtedly we will see new highs.
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My advice is to use a hardware wallet, for example Ledger Nano S. Be careful, a lot of fakes appeared now on eBay and other sites. Order a hardware wallet only on the official website.
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I agree with the previous answer. I think now is a good time to buy for a medium-term investment.
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I just want to know how those people behind bitcoin secure the money they will invest because as far as I know there are lots of hackers all over the world.
Hackers don't doze off. More and more phishing sites and virus-infected software appear now. But Bitcoin is safe. The main threat is the user himself. Be more attentive.
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Different people see in Bitcoin different advantages. Usually people appreciate Bitcoin for independence from companies and states, low transaction fee, security and reliability.
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Bitcoin is a good opportunity to make a profit. Even now, when there is no growth in the market. To double your capital, you do not need to buy Bitcoin now for $ 7,500 and wait until the price rises to $ 15,000. You can buy and sell it on small movements earning several hundred at a time. In this way, you can multiply your deposit much faster. I think buying and holding Bitcoins is also a good option at the moment. According to forecasts of analysts that I saw, the bottom is close, and the price will soon grow again.
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Perhaps at the moment a good opportunity to buy Bitcoin at a good price. According to forecasts of many analysts, the bottom is close and the price will soon grow again.
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Cold storage and hardware wallet should help.
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Transaction fees decreased in tens of times. Bitcoin is increasingly used as a means of payment. The gap in the bitcoin capitalization with ether and other cryptocurrencies increases. The bitcoin dominance index is approaching 40 percent at the moment after a recent low of less than 33 percent. I think all this says that bitcoin doesn't has no plans to leave the stage.
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Bitcoin is convenient to use to pay for various services, such as online services, freelancers work and others. High degree of anonymity and independence from conditions dictated by someone are of great importance.
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This is very risky and may end sadly. But if you have several, why not.
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The journey of bitcoin from 2009 to 2017 is very interesting. Although the stories of individuals(investors) are very interesting and motivational that how they initiated and what problems they faced at earlier stages.
In 2017 the number of businesses accepting bitcoin continues to increase. Where you see the bitcoin in 2018?
Regarding "businesses accepting bitcoin continues to increase". Several companies including Microsoft who took payment by bitcoins earlier refused it. Giants like Amazon and Facebook are showing an interest in cryptocurrencies. I think that they will create their own successful coins. They have everything for this.
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A paper wallet is a good idea, but there are better option. Now gaining popularity device called Cryptosteel, it's a mnemonic cold storage wallet.
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I think it is unlikely that they will completely ban cryptocurrency exchanges. But even if this happens, I think the market will not fall and only a little shake. Then it will recover again, as it was with China in 2017. Don’t think about it too much.
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