Kung sa Pilipinas, mahirap magmining dahil sa taas ng presyo ng kuryente at mga gamit para sa mining. Idagdag mo pa ang init ng panahon. Pero kung gusto mo talaga, pwede pa rin naman magmining, atleast makatutulong ka pa sa growth ng bitcoin o altcoins.

Bitcoin price will surely rise up again since more people will buy bitcoin due to its decreased price. The more people buying bicoin means the higher is the demand, and the price will rise again. The only thing we don't know is when will it rise up again.

That idea is so gutsy that it became crazy. Investing in bitcoin is really a gamble and if you really wanna go all-in then no one can stop you. Just hope that its price will increase before the time you need that money.

Bitcoin is not a Ponzi scheme. In bitcoin, people are getting returns not because someone pays for it but it is due to the supply and demand. If they say bitcoin is a Ponzi scheme, then what about the stock exchange that is running legally.

Bitcoin will die if the people using it, will think that it is worthless. One possibility is when there is another cryptocurrency that has better system than bitcoin and people will shift from bitcoin into this better cryptocurrency.

I think this is not the time to sell your bitcoins but rather it is the time to buy more bitcoins. Always keep in mind to buy low and sell high. No one knows when it will rise up again but just hold on into it and don't panic.

Bitcoin is priced subjectively, i.e. it depends on how the users value it. If the users value it more then its demand will increase and subsequently its price however if the users value it less then its demand and price would also decrease. It's just the same with the fiat currencies although the latter is controlled by the government.

I don't think bitcoin can make banks disappear. Banks would prevent that to happen either by competing with bicoin or adjusting its system to cope with bitcoin. They may even see it as an oppurtunity to upgrade their system.

Investing always has a risk and investing all your money into something is riskier. Bitcoin really has a big chance of increasing its value but that won't justify for you to invest all your money into it. Better split it into different cryptocurrencies or invest on real-world business.

Bitcoin is just a digital cash and not a digital gold. It could only be called digital gold if it is backed up with gold in real world. Even though it can buy gold, it only has subjective value.

Bitcoin's main form is virtual currency and being a currency means that it is a current asset. Simply saying, bitcoin is a currency and an asset.
The problem would be when people only see bitcoin as an asset and not as a currency because that would make bitcoin not serving its true purpose.

Gold is better than bitcoin due to the fact that it is tangible and universally accepted as highly valuable. Bitcoin on the otherhand is better than gold because of its convenience to use as a mode of exchange. The two can't be directly compared as which is better since bitcoin is intangible while gold is tangible.

Social media definitely influenced bitcoin growth however not all the things you find in social media are true or good. In every growth, there will always be advantages and disadvantages and this is greatly influence by the source of information.

This could happen since the value of bitcoin is subjective, i.e. if people would find it worthless, then it will become worthless. This also applies to all currencies that don't have reserves, e.g. fiat currencies and cryptocurrencies.

I don't think this would happen in the near future because even now there are altcoins that are competing bitcoin and are also decentralized. The more possible thing to happen is cryptocurrency replacing fiat currency.

Bitcoin can never replace gold. It is just a digital currency that has subjective value whereas gold is a physical commodity. Gold became a status symbol while bitcoin on the other hand can't be worn. Although you can buy gold using bitcoin but gold is still gold.