When you begin to understand how blockchain works, you understand that bitcoin is one of the most large-scale inventions of a person along with the Internet. This is something completely new, which is not governed by governments. In the world scale Bitcoin will live vseravno.

Bitcoin will go through ups and downs. He may even fail; but then the process can easily be restarted, since we now know how this works. At the moment, bitcoin may be too volatile for currencies. But this is the first organic currency.

The ratio of different states to the crypto currency is significantly different. If in the developed countries of Europe and America there is a tendency to every possible support of a new means of payment, in other countries, on the contrary, restrictive measures are taken with the prospect of further banning of the crypto currency. According to the service coin.dance, in 77 of the 246 countries bitcoin is absolutely legal, and therefore has no restrictions in use. Some governments (China, USA, France, India, Sweden, Turkey, Australia) recognize bitcoin as a commodity; in Poland and Brazil it is defined as property; in Argentina, Nigeria and the Philippines - as money, and in countries such as Bangladesh, Bolivia, Colombia, Ecuador, it is prohibited.
In general, we can note a positive trend towards the governments of the countries to the crypto currency, and therefore soon we can expect a further growth in demand for bitcoin, and hence the growth of its price, the emergence of new services, etc.

All this is quite entertaining and interesting, the computer just works, and money drips. Here only it is necessary to find some good computers with a productive video card and a free source of electricity. This is an ugly, but very real opportunity for network administrators of large banks or industrial companies to get a small increase in wages.

Observing the graph of the variability of the bitcoin rate, you can see that the currency could be compared with the stability of gold or the US dollar only for a moment. Many times, the price of BTC jumped by several tens of percent in just one day. The problem of market volatility bitcoin is not solved to this day. And it remains only to bet on whether the e-currency will have time to achieve stability before the economic bubble bursts.

Public policy, such as taxation or the creation of national digital currencies, can also make bitcoin more risky or less expensive for mining, transactions and crypto currency storage.

Bitcoin was and remains the undisputed leader of its segment. A clear testimony to the foregoing is the Bitcoin dominance index. The first crypto currency, as well as numerous analogues, has significant volatility indicators. There were periods when quotes for alternative koinas grew much faster than Bitcoin's. This created a favorable ground for spreading alarming forecasts about the future fate of the first crypto currency. Moreover, many foretold the triumph of Etherium, Lightcoin and other alternative currencies. But in a short time Bitcoin proved its vitality and, I hope, will prove in the future.

The creator of crypto currency is known under the mysterious pseudonym of Satoshi Nakamoto, and whoever he was, he managed to put together an incredible state in just ten years - of course, provided that the digital tokens retain their high cost. By some miracle, a man who managed to attract a billion dollars to his creation and all this time manages to remain anonymous.

Crypto currency is a fast and reliable system of payments and money transfers, based on the latest technologies and not controlled by any government. There are a lot of crypto-currencies in the world, but Bitcoin is the most famous and fast-growing one. In 2015, the European Court released Bitcoin from taxation, which it actually recognized as a full-fledged monetary unit.

The use of current leaders in the future looks quite promising. The reason for this is simple: the etherium and bitcoin are used not only to pay for goods and services, but are often the only tokens for conducting ICO, the development of certain projects and the basis for converting a lot of coins on large exchanges.

Many governments will not just sit and watch, will not give control over the money supply without a fierce battle. All those who are currently working on the project must foresee attacks at the protocol level on decentralized crypto-currencies and must create protection against them.
Ultimately, governments will lose this battle. In ten or twenty years, the state crypto-currencies will be very strong, they will manage the cash flows of many, if not most, people in the world.

I think that at an early stage of adaptation, the growth of volatility and the periodic deflation of bitcoin is normal. The same happened in the history and with real currencies, for example, with the US dollar. But the difference between a virtual currency is that investors do not use it in the early stages as an instrument for accumulating capital, but for speculative purposes. Thus, the currency at an early stage provides an interesting ground for simultaneous observation of speculative demand for currency and volatility. Alternative transaction technology plays an important role in determining final demand. The growth in the supply of currency is predetermined, so the future demand for virtual currency for payments is one of the main parameters of the model's instability.

National currencies are a legal tender, through which they pay taxes or repay debts. No state allows and will hardly ever allow paying taxes in bitcoins, as this will undermine the so-called seigniorage - the income from the issue - and will reduce the control over monetary circulation.

The new stage of centralization and globalization will be a single world currency. With great probability, it will be similar to the bitcoin blockchain, which for many has become a factor in the reliability of crypto currency, has proved beneficial to regulators and authorities.

In my opinion, the strategy of forming a crypto-currency portfolio assumes a grammatic distribution of investment funds between several crypto-currencies. This means that you should thinkfully and consciously choose separately profitable crypto-currencies, separately reliable, and decide what is more important to you - income or reliability.

The longer and more expert it is to analyze the algorithm and implementations, the more reliable it can be to consider its cryptostability. Bitcoin and other crypto-currencies will give many financial independence, and that's great. Millions of people who have never had access to capital will be able to achieve their goals and, perhaps, create something that will benefit all of humanity.

 Central banks of developed countries and leading experts warn investors to stay away from crypto-currency and do not trust them, arguing that this is just another "bubble". Nevertheless, in border markets, people, on the contrary, turn to bitkoynu precisely because they do not trust local bankers or the state itself.

Crypto-currencies seek to completely exclude the role of the bank as an intermediary in the implementation of transactions. Transactions can be approved by millions of users of a decentralized peer-to-peer network on the basis of which crypto-currencies function. Due to this, the role of the bank is completely excluded and along with it the need to pay a bank commission disappears.

Bitcoin payment system is self-sufficient, it allows to make payments and converting on an equal basis with bank accounts. Owners Bitcoin wallets every day more and more. But if payments and the storage of currency can be carried out without outside assistance, then for the exchange to another currency or for withdrawal use the services of specialized services.

It is difficult to predict the further evolution of the crypto currency, but there is no doubt that it represents a potentially powerful element capable of raising the standard of living to a new level.