Normally people convert their bitcoins back to dollars so that they can cash its value and enjoy the worth.It all depends on personal interest whether they need to cash their btc or not some keep it as btc for longer time in order to gain more profit where as some cash out their btc in case of emergency or in case if they find out that they have earned more than enough profit and some cash out to enjoy its benefits as in the form of dollars .

bitcoin is a good investment as compared to gold but gold is also a good form of investment asset which has good value but is value does not change faster like btc as of now the btc market is running smoothly so if we invest in it we can gain good profit out of it even the gold value changes from time to time it all depends on the market value of the gold like wise bitcoins price also keep changing but its changes are faster as compared to that of gold,in btc the rate is going high as the growing demeand for it and trust build by the people on bitcoins . i cannot say it as something which is better than gold because the value of the gold doesn't fall or rise like btc.

To talk about the best thing about bitcoins is not that easy because its not just one thing which can be said as best  in the case of bitcons it is a decentralized platform which can be considered as a currency,asset/investment there is no third party involvement to make transactions which is one of the things which make it the best,there is no tax involvement that is we don't have to pay any tax to government for holding btc,nobody can track your transactions unless the user itself publish there is no transaction charge involved like in other means of transaction we will have to pay transaction charges for making transfer from one end to the other party,btc cannot be stolen and once transferred to one person it cannot be taken back that is reverse of transaction is not possible these are the things which make me feel that btc is the best more over we don't have to wait for longer time to get profit from our investment.

Yes it is highly risky to turn all your money to btc as nobody can predict if there is immediate crash of its value you will end up in huge loss and will have to sit up and wait for the market to regain but those without btc will be happy when the market crash as they will be eagerly waiting to buy in more and more btc as possible so that they can sell them off when the market gets back to normal and there is high risk involved but its always better to take some risk at some point in life in order to achieve something but it doesn't mean that you have to put in everything you have . Sometimes you can grow your profit in no time means you can get profit in less time than you expect as the market keep changing.Btc is always more profitable than depositing your money in the banks as the interest rate you get from the banks will be low as compared to what you can attain in short term from btc. 

As you said if someone bought btc for 100$ in 2010 and has maintain it till now the person will now have worth of $6 million.The same can happen in the next seven years is not something which is not predictable but it does'nt mean it will not happen there are chance for it to happen again in the future but nobody can predict when it will be as of now the current value is above 5k USD and reaching 10k is not such a long way to go few days ago it was 6k USD and now the market went back to 5k the price of btc is completely depending on the trust which is being build by the people so the market keep changing from time to time.

yeah the billionaires always keep themselves updated about the latest form of investments that shows up in the market so they will be interested in increasing their wealth as well as the market is running well so they will also invest in bitcoins so that they can get profit but they won't spend much time in this like others as they only see this as another form of investment market and they will even try out trading and gambling as its not a big deal for the billionaires.

I completely agree with the idea of bitcoin bank if it doesn't need any kind of personal information like the normal banks.In normal banking system they take all kind of personal information and they even charge us tax for our own deposits and we also have to pay taxes for own money and they need every single information about our trade and how we earned the money and we also have to show the source of income .whereas in the case of bitcoin bank i expect it to be the same like what it is doing now by keeping all the transactions confidential as what it is doing now.

There is no such rule like bitcoins are meant only for the rich as there is no such rule stating that btc are meant for rich the only thing is that the market is growing and hence it is doing pretty well and its running smoothly it cannot be said as something which is meant only for the rich everyone has access to bitcoins whether they are rich or poor bitcoins is a good investment which is not only meant for the richer class anybody can invest in it in any amount because of the trust it has gained it will continue its growth and if you don't have money to buy btc there are some people who work with bitcoin forums just to earn btc and so your statment can be stated as wrong concept

bitcoin is the most popular crytocurrency as it is one of the best known digital currencies in the world and it has gained huge success over the past few years . In today's electronic world everything  has changed as we always depend on the most modern advanced technology even for our basic needs like shopping,education and so on we depend on advanced technology and we even use it to get in touch with family and friends we rely on the digital world even business is done over the internet like wise bitcoins has brought in a new revolution to the world of currency by making digital currency which can be considered as a great asset and due to its growing popularity its value is going high based on the trust people has got in it and it is being used world wide which has made it so popular and one of the main reason for popularity is its acceptance world wide people started accepting it everywhere as one of their mode of payment.

As per the current trend i think it will continue its growth in the market as more people are becoming interested in buying it day by day the more the demand the higher the value goes and so i think it might hit beyond 12k USD in the next five years time as you can see for yourself if you do research about it in the past few years how it grew and what stage it has reached in the market by hitting above 5K USD

I am a great fan of bitcoins even if i don't spend much time on it I like bitcoins as i consider it as a form of investment which give good returns as compared to other schemes of investment that is available in the market well it was really long back in 2010 that i first heard about bitcoins and those days i did not give it much importance as of what i am giving now well i came to know about it from one of my family member he used to sit and spend lot of time doing bitcoin mining and i used to think its just a waste of his own time and effort and i considered it as a scam and years later when price hiked to this level to what it is now then only i started using it now the price is so high but i feel nothing is late than never so i atleasted started off few months ago

I don't think like that you need to explain about bitcoins to teenagers or children as there are already lot of small kids and teenagers using bitcoins and making lot of profit out of it.Teenagers will naturally find out ways to earn money in the simple way and they will be able to teach others about bitcoins in the simple and easiest way.Now a days kids learn everything from the web or youtube channels so its not necessary to sit and teach the teenagers or children about bitcoins because they might know more about it.

So i think you know almost everything on what you can do with your bitcoins apart from what you have mentioned i just want to make it clear to you that bitcoins are not only meant to buy things you can even work with bitcoins and earn money in your free time and make it as your secondary source of income you can earn btc by trading and gambling but it completely depends on luck .It is a good form of investment asset and it can be stored and saved in long term base in order to get high end profit if you invest your money in btc you will get more profit as compared to any other forms of investment as its growing rapidly

There are a lot of things which impress me about bitcoins they are as follows it does'nt need any kind of personal information about the owner of the bitcoin holder it does not need any kind of personal information either while transferring btc from one person to another . it take less time while making a transfer for btc there is no transaction charge as compared to the banks and other medium of exchange it does not need a third party support to make transactions and its never a loss if we make investment in it as the market is growing and it cannot be stopped by any organization or government and another thing which i like is the peer to peer transaction system which runs on the block chain technology is a master piece work done by someone with the user name sathoshi nakamoto.

It is possible for hackers to hack into your bitcoin wallet if you save them in online wallets there are lot of chance for it to get hacked as it completely depends on how secure you maintain it.creating a cold storage wallet like hardware wallet like trezor,paper based wallet,offline computer wallet are some of the safest forms of wallets which i use to save my btc but there is small issue with offline computer wallet incase your system get damaged and if you forget to save the private keys will end up loosing offline computer based wallet even if system get hacked but the chance is less as compared to online wallet.

Everyone who has some idea about bitcons are buying them whether it is educated or uneducated.People from different walks of life are buying them in order to get rich some think its one of the fastest way to get rich through online as far as i know education has nothing to do with bitcoins the only thing is that the person should know to use the Internet and should know how to make investments in bitcoins most of the people holding btc are regardless of them being educated i have heard several things like there are lot of school going small kids who are into bitcoins they bought with their gift money or from the pocket money they used to get from home so its clear that education has nothing to do with bitcoins and its only based on once interest on how to increase their wealth 

Bitcoin is better than cash as it has complete privacy as compared to cash transactions done from banks.In banks we don't have a complete hold of our cash when we deposit it in banks we will be charged for the amount and will also have to pay annual taxes if the amount is huge in banks the transactions are not private .The cash value does not change like bitcoins it only holds the value which is written in the currency where as bitcoins price change from time to time based on trust which is being build by the people intrested in it.for bitcoins we dont have to show proof on how we earned that amount to invest or how much bitcoins we hold.it has several other advantages which makes it more better than real life cash

Please take a look at the market trend of the past few years.The rate of the bitcoins went down half 1000 in like a day .It is one of the main thing that one should know when you get involved with btc it is that it is possible in the btc world and the price can even fall down to less than 200 USD in a few days the price keep changing from time to time i even remember that some time ago few scams came up and all the investors were in the fear of loosing their earned bitcoins while trying to exchange them and they started selling it in large scale.The price of the btc will go down a little and will recover and it is something which is very normal in every market to have a fall and rise i feel the price will even go higher even if it went a low by small percent its better to buy and stock them when the price goes down as we cannot predict when the price will rise so high.

well if i have to explain about bitcoins i would say the main reasons which i choose them they are as follows it has several advantages they are like it is a decentralized platform it does not have transaction charges at all or low transaction cost it can be used globally the transactions can be done faster than any means of transactions without a third party support it has more privacy and does not need any personal information like what the credit card seeks for its transactions one more main advantage is that it is not necessary to give personal data at all for transactions and hence it does not spam or fraud anyone in the name of bitcoins

As per my view bitcoins will not end now as it has already reached in a good position in the market it will run well in the long run and the market will not go down even if some countries try to ban the use of bitcoins it is not going to affect the bitcoins as it is not linked with any government from any region it runs world wide and anybody from any part of the world can  use it i have even seen so many duplication's which came up which was alike bitcoins but it won't have a negative impact on bitcoins as it does not have the same value like bitcoins so all i got to say is believe in bitcoins as it is not going to end soon