I think the unknown factor is too high for me to buy bitcoin cash right now. Could drop hard tomorrow, but it would be my most bullish pick and I may buy some tomorrow. What bitcoin are you gonna buy? The one for $3500 or the one for $17500. One is fast and cheap to move and the other is slow. I see double digit gains coming soon just not sure about what happens tomorrow.

Currently bitcoin mining uses specialized computers called ASICs which are specifically designed to solve the puzzles requires to mine bitcoin. Due to their specific nature, the machines are custom designed and manufactured. As they are not mass produced, they cost more to buy.

To be super frank the first word that hit my head was 'honey'

Then came funny, bunny, penny, punny.

On a serious note, it is something essential and also when in excess can lead to some disastrous outcomes, be it ego, lazy head or pride that could drown you down.

It would be a smart choice to hold the bitcoin at present.. With the question you have asked, I guess you are a new investor to cryptocurrency and haven't much analysed about the rate of increase or decrease that happens.. A brief of the price drop in all the crypto coins that happened are due to:

Indian Government raiding all the major indian website of cryptocurrency lead to the rumours of India banning cryptos.
Due to overwhelming traffic on the websites, the new registrations were closed and this lead to fall of price
Banning the cryptos in South Korea: There was a talk in the south Korean government in banning the cryptocurrency but since a petition was signed against withdrawing, the government doesn't have any choice and rather have to continue the exchanges
Your money willnot get doubled in just few day.. So, if there is a sudden rise of price in a day or two then it is much likely to fall at the same rate or below that

If you do not solely control the private key you do not own the bitcoin. This has been an adage in Bitcoin since the beginning. Unfortunately, in the case of online wallets, services, exchanges, or any other service, you do not solely control the private key and you can’t protect it in any way. In order for the service to work they need to be able to move the bitcoin around. You deposit it to them and they control it on your behalf. If you are concerned about security move your bitcoin to a wallet you control, either desktop, mobile, hardware, or paper.

Most coins in the market are cheap right now compared to their ATH's. Banks trading crypto will skyrocket all coins past previous all time highs.

An exchange is where you buy/sell cryptocurrencies. A wallet is where you keep cryptocurrencies you’ve bought or have received.

No, an exchange cannot be a wallet. However exchanges usually come with a wallet.

Coinbase, for instance, is an exchange and the account you create with them already comes with a wallet from them. This wallet is controlled by you but “owned” by them. I say owned because if they’re website crashes you have no access to “your wallet”. That’s why most people suggest you create a wallet using example MyEtherWallet where you are in complete control.

No. You need an exchange or interface to send or purchase cryptocurrencies. However you don’t need any of these to receive cryptocurrencies from someone who is sending to your wallet address. You don’t even need to be online. It’s rather that person who needs the interface to send to you.

The most well-known application of it is in the financial sector. With blockchain, you can send money directly to someone else without going through a third-party like a bank or payment processor. Because the blockchain is secured with a decentralized system through cryptography, you can trust that their won’t be fraud involved with the transaction.

The underlying asset of bitcoin are users’computing power’developers and its technology because it has no intrinsic value.

It doesn’t require approval. But companies that want to operate businesses around crypto want to be able to setup knowing that they’re not going to suddenly find themselves on the wrong side of a regulation. So by lobbying jurisdictional clarification (or approval for certain usages), it allows businesses to be able to operate.

Digital money does have the potential to improve the fairness of the world's financial landscape. Here's how:

All over the world, 2 billion people don't have any kind of access to a financial service. But with an open, digital financial platform, more financial services can thrive and serve these excluded people.
Ultimately, technology itself is not necessarily a panacea, but it is a tool we can use to change the world for the better.

If I have to pay a higher price than fiat.

For me, if you use Bitcoin, the price must be the same, or better, cheaper.

Dude. Crawl out from under that rock and Get a Coinbase\Shift card... I've been paying with btc to have grub delivered for over 3 years now. Overstock and amazon also take btc. One more easy to find step and you can monero to shapeshift to deliver all the kung pow chikn you want.

Not much will change, miners have already packed up shop and moved to USA / Canada, to areas where electricity is cheap. It will hurt their top line but that's about it.

I also think it’s a failure of Government if they banned cryptos in India. World is moving fast now and they have to allow citizens to explore and invest in Virtual currencies. Indian Government is worry for Banks or either they do not want citizens to make good profit.

Bitcoin has quite a following among vendors. Keep in mind that when you purchase Bitcoin from an exchange you have to pay a fee. In some cases a substantial fee, to acquire the Bitcoin. Vendors have factored this into their investment strategy, and many are offering a discount to customers who use Bitcoin. I believe this will continue as long as the exchange premiums remain high.

I think it depends on when they invested, and what they actually thought they were investing in.
If someone thought it was a real investment platform that could continue forever, and not a limited time thing, then they may have over-invested and feel bad.
On the other hand, those people who thought it had a limited time probably made a calculated investment and aren’t too worried about any loss, or made a little profit.

Bitcoin is a cryptocurrency, mother of all altcoins. And blockchain is a digital ledger that provides a secure way of making and recording transactions, agreements and contracts – anything that needs to be recorded and verified as having taken place.

With the sheer number of blockchain projects out there now, I believe that blockchain will succeed even if Bitcoin doesn’t. That being said, the death of Bitcoin would have an immensely negative impact on the blockchain ecosystem as a whole.

You are not comppletely right here, remember that business itself is defined as a pool of of risk, and i think that even living on this earth is a risk in my opinion.No venture no success, if you enter into a business for instance, you either stand to gain or loss; and those that venture in cryptos, entered to make money but they can also experience lost. I think risk taking is generally a win or loose thing in every business.