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It would be great if many people embraced showing people the benefits of bitcoins on social media.
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No one can give you a direct prediction on how long bitcoin will last but as long as people believe in it, it continues to thrive.
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My plan is to buy more when the price is low and to keep holding.
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I do not think it is time to convince people to invest. Its either you believe or you don't, no need to convince anyone.
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Social media captures the masses and it would be great if people create awareness about bitcoins on there.
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They are afraid of it because they simply do not understand it. Fear on the unknown.
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Supply and demand. The more people want it, the more expensive its going to become.
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No i dont think it can really. People that know about bitcoin in the world are not even a quarter of the worlds population
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You may include some of the details of your bitcoins in a will or simply store in an offline hardware and keep the details in a safe that your family has access to.
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I wouldn't rule this out completely but i highly doubt it would be any of the coins currently out there. Bitcoin is rising at a faster rate than any of the coins and is probably going to continue to for a while now.
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If government wants to tax it i am pretty sure they will find a way to do so but currently it is not taxable unless converted to fiat.
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The only reason i think that one should not bu bitcoins is because if the price drops or if something happened to bitcoin to end it, then you will have lost your money.
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Awareness has really made bitcoin popular. More people know about crypto currencies, more people want to invest and more people want to be part of the profit that comes with the increase in price of bitcoins.
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Investing in bitcoin is a scary lane but i have a feeling that if bitcoin does not make it, there is no other crypto that will take its place so it is better to risk it on the best crypto than any other.
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Most people don't understand when you try to explain cryptocurrency to them. It is difficult for them to understand when they are ignorant about it while some other already have the mentality that it is a scam.
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My strategy from the beginning has been simple. I buy when its at it lowest when people feel uncertain and start selling i buy and hold and slowly i have been accumulating my coins at low prices. Just collect as much as you can now.
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It is a great idea to have these bitcoins as an investment for the future of your children. You can have your bitcoin information saved up somewhere with a lawyer the same way you would a will so that your children can have access to it if anything were to happen to you.
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If the price goes down, do not worry, best choice is to buy more bitcoins or hold on to the ones you own. The price is bound to fluctuate but goes up eventually. That's why it is at the 7k mark.
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Bitcoin cannot be controlled by government and it will appreciate in value in future because many nations are embracing it and i believe it will soon be used for more trades and purchases as people continue to understand it.
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Bitcoin can be banned by governments because they have no way to control it unlike paper money so it just depends with how your country embraces it.
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