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In order to make Bitcoin work, you need electricity, computers, and the internet. That’s it. Fiat currency requires resources to print the money, oversight in order to make sure it is being allocated correctly, fraud services, entire organizations devoted to preventing counterfeiting, money transport services, and more. Due to larger amount compared to Bitcoin, fiat money way waste electricity than Bitcoin, I think.
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I don't think so. Altcoins are far from being a threat to Bitcoin. Bitcoin is the first cryptocurrency. Of course, I don't mean that the first will always win, but Bitcoin is the most reliable and best functions compared to the other cryptocurrencies. There are some Altcoins thet are pretty good but most of Altcoins are useless.
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I don't think so. Mining Bitcoin on your normal laptop will harm and destroy it. To mine Bitcoin, using mining tools is a better recommended. If you're a designer, you have to choose a strong durable laptop. Otherwise, your lap will become lag. The same to mining Bitcoin.
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Nothing is perfect. Bitcoin isn't perfect, either. And it's just in its experimental stage though it has been appeared for years. There is an elephant in the room that will need to be confronted. One of the accepted virtues of blockchain is that it creates a permanent, immutable ledger of transactions. But this is its own enemy, because it makes Bitcoin a ledger that can’t be corrected. It nearly impossible to resolve human error and mischief efficiently.
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The fee is usually low, however sometimes higher fees are needed to complete your transfer or exchange. You should avoid the congestion if you're not in a hurry and exchange it in another time. But recently, a new tech called Lightening Network has appeared, I think this network can be helpful to this problem.
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It will take a long time to recover, trust me. This month Bitcoin has decreased by 14%, making investors worry. I'm afraid that the selloff won't have stopped yet and still continue. I heard some people predict that Bitcoin will increase to 100k$. For me, there is a littel chance this can happen.
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As far as I know, Bitcoin can't be regulated because it was born decentralized and to lose the dependence of a method of payment on government. Even banks or governments can't control Bitcoin like fiat money. Spme countries had tried but they end up failing to effectively control Bitcoin, resulting in their semi-denial of Bitcoin.
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You buy Bitcoin not or using it, and after a duration, you sell it and you can incur loss or earn profit. This is the situation when Bitcoin is an investment considering finance. But if you buy Bitcoin with the purpose of using it, Bitcoin isn't an investment. In short, Bitcoin CAN be, not always, an investment.
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In general, every crypto tend to dip in the red, not only the old ones. I believe that the old coins aren't old and can rise when the market is better. Of course, there are a lot of pointless coins and our job is to make wise decision to choose the best one. Not all coins are good nor bad.
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Being positive is good but we should also be practical. There's nothing wrong expect the market will rise and even surpass last year record. However, expectation has to have a foundation or reason. You guys keep taking about positive prospect but show no reason, making me find it hard to believe.
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Bitcoin is easy to be controlled and manipulated by whales. Even the stock markets which is controlled by harsh regulations of governments is manipulated sometimes, much more to Bitcoin market which is not under governments' thumb.
Your prediction seems rational, but I don't think Bitcoin can reach $100k in the next Feburary. Rising from the current price to $100k is a very long way because the difference between $7,3k and $100k is huge.
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