By looking at the fame and its attractive features and the interest of people and companies in this currency I will say that yes very sooner bitcoin will be a global currency.

I think it is not illegal to start your own currency, and If you are from India, then I think your government is not focused in that field so they will not bother you in that matter.

Bitcoin has its own value and image in the world of crypto currency, I think it is only a support to ethereum and with that ethereum will get some good image but it will not be a thread to bitcoin, bitcoin will be the global currency of crypto world and all other will be local.

Buying drug with bitcoin may be easy because of its anonymity but carrying drugs are impossible so there is chances of wrecking your lifein prison.

The price is currently trying to reach to $700 and I think after we see it at $700 after that we will think for further development.

I am using bitcoin and I am getting a better profit from it and have a respected life with that so how can I will be stupid?

If someone want to save his money or I will say wealth for years and want to be fearless about its lose due to the volatility then I will say thay have to buy some gold and have to keep in bank while if someone want to store for a little period and want to earn faster with their investment then bitcoin is better.