We should pay taxes because it is our responsibility as a good citizen of our country. The amount of taxes collected may be distributed to the different departments of government to use for repair and maintenance of our roads, salaries and wages of the government employees, and for other projects of the government that all citizens are the main benefactors.

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It is impossible for bitcoin to distribute wealth among people. It can help people to be financially free from their financial crisis and has nothing to do with wealth distribution. It is very unfair for those people that work harder and smarter for the purpose of distributing or sharing equally whatever they have to those people who did nothing for themselves. This kind of distribution is very unfair and in fairness to bitcoin, I don't think it cares for whatever we stand in the community where we are belong.

Just calm down, relax and be optimistic enough that the price will soon get back to the most desirable amount. Negative feedback makes the biggest decline in the price because some investors may not continue holding their coin but to sell that makes the price to decline as it is contributes the large supply of coins in the market.

Yes, you can make profit from it. But it is depending on the product you are selling or offering. And it is too risky, I think because of its volatility. You can have more profit or you can have more losses too. Come to think of it and better to study first the trending before entering in this business.

When you make investment it is not necessary how much you are going to invest as long as you can afford to make that investment. But the question is, are you willing this amount to lost? So, it is better to invest with enough money to start with whatever happens. Investors usually enter in the business for the amount they are willing to lost.

Yes, it can. Bitcoin is proven to be a good source of economic condition in a country accepting or using bitcoin. It helped a lot by giving jobs online and improved the quality of life of some people, using this kind of blockchain technology, living in the said country.

Yes, it is sometimes use as money because we can use this for payments and for some transactions accepting bitcoin and I can consider it as my prime currency sometimes but in reality it is not considered to be the prime currency because of its volatility.

Bitcoin is well known because of it's volatility. Just hold your coin until the price will get back to normal and you will see in the near future that your investment will not be in vain. Be optimistic enough and remember that market is usually designed for a long term purposes. For that, we should not expect profit at an early stage.

Bitcoin can not replace fiat. It is an option of the people to invest their money because they are knowledgeable enough and understand the trending of business in the blockchain technology in this digital world. Bitcoin brought ultimate change in every one's life for those who are engaged in this technology and I believe that is remain to be the best transaction system in the future.

Bitcoin is important because of the technology that makes it work. That technology is called blockchain computing and you’ll be hearing more about it. The effect of blockchain computing is similar to the internet’s effect on traditional computer networks. Where pre-internet networks had a central hub with spokes that communicated only through the hub, the internet allows every node on a network to communicate directly with every other node. That change is profound.

Blockchain computing is a system that can securely contain an entire set of records within it, referred to as blocks. What makes blockchain computing unique is that copies of the entire system can be kept simultaneously on millions of computers located anywhere. Just as the internet obsoleted the hub and spoke nature of a network, blockchain technology does away with the idea that information is stored in a limited number of locations. Blockchain allows information to reside on multiple systems, even millions of them, simultaneously. When a new entry is made into the blockchain, the entire system updates in every location, instantly. An unlimited number of copies of the entire system, updated right to the present moment, is maintained everywhere in the world. Anyone can add a new record to the system but changing an old one would require the consent of every computer on which the data resides, it’s virtually impossible. And that means the records are completely reliable.

Hope this will help you to understand things about bitcoin.

Maybe because they are afraid that their investment will lose its value, that's why before it happens, they will sell their bitcoin as long as they have a small profit from it. Unfortunately, this reason makes the price to fall down as it decreases the demand. we all know that if the supply is higher than the demand, the price will get lower as expected.

As the price is still low, I think it is the best and right time to buy bitcoins. Participating in buying bitcoins makes the price of bitcoin to increase the price as it also increasing the percentage of demand. Bitcoin market involves also the supply and demand strategy.

It is proven and tested that all investments have ups and downs for you to decide whether you buy, sell or hold depending on the situations. Don't worry because the price will soon up rise and what you are going to do as of this moment is to hold what you have and buy some if you have enough money.

Bitcoin is often described as an anonymous currency because it is possible to send and receive bitcoins without giving any personally identifying information. However, achieving reasonable anonymity with Bitcoin can be quite complicated and perfect anonymity may be impossible.

Bitcoin is pseudonymous. Sending and receiving bitcoins is like writing under a pseudonym. If an author’s pseudonym is ever linked to their identity, everything they ever wrote under that pseudonym will now be linked to them. In Bitcoin, your pseudonym is the address to which you receive Bitcoin. Every transaction involving that address is stored forever in the blockchain. If your address is ever linked to your identity, every transaction will be linked to you.

In the original Satoshi whitepaper, it was recommended that Bitcoin users use a new address for each transaction to avoid the transactions being linked to a common owner. This would be the equivalent of writing many books under different pseudonyms. Although this remains a best practice, it is not enough to guarantee full anonymity due to multi-input transactions.

Bitcoin is now the best-performing currency. This is not relevant, and arguments over what money is and  also not relevant and have been going on for years with reference to Bitcoin. .... This kind of gold-backed Bitcoin might even give the dollar a run for its money as a reserve currency.

Money is money when and only when all parties declare it to be money. In this basic philosophical sense, Bitcoin is money just as US Dollars, Swiss Francs or any other currency are money. From a more practical point of view, money is usually described as a medium of exchange, as a store of value.

It's not competitive as a payment system, so maybe its value is as money. But it makes terrible money.

Bitcoin is money, just a little better and cheaper than the alternatives.

Therefore, we conclude that Bitcoin is a currency that makes terrible money.

In this kind of situation, wherein we don't have control over the nature, what important is the lives of the people and forget for a while about trading and investing. For sure having no electricity is not for a lifetime. Then, trade again if it is already fixed.

Every country has its own financial institution and different levels in that. Removing these flaws by bringing a common mechanism would be the major  problem. Bringing one global currency in to scene, will increase debt on countries having low value currency. For example - Indian Rupee is downgraded compare to dollar and hence such conversion may lead to increase debt level over our country. The bigger a system gets,the more it become prone to faults. Distribution of powers among developed and developing countries would be another major problem.

I think it is impossible.

A financial crisis is a perfect time to buy stocks because many stocks are being sold at a bargain. At the same time, I obviously feel very bad for people that are not prepared for the next financial crisis. For these people, a financial crisis will have severe consequences. When will the next financial crisis come? I have no idea, but there will be several more crises in our lifetime – that is for sure! Looking at the past few years, however, it is fair to say that the markets have been looking fairly bright. Following this, I believe that we are now starting to see some concerning trends in the global economy.

Yes, it is the right timing in investing. You have to have a good analysis and study the trending before making investment and it is not necessary how much you are invested but it is the right time when and where you should invest.