That is the more reason we are always advice to store our private keys in a safe place such as creating a hardware copy of the security keys in that case being very hard to be misplaced and easily accessible when emergency arrive. I have a friend who also lost a lot of bitcoin due to lose of security keys.

On what basis do you think creating a new state will be the solution to world problems because the social contract theory that gave birth to state creation has a solid foundation which is form by rule and high body of knowledge. The world don't need a new state but a workable solution to the problems of unequal classes that operate in the current state.

The world is ready for this advancement in the financial system of the world and this is due to globalization, many countries are afraid of bitcoin and all other cryptocurrencies due to the fact that they are highly decentralized and can not be control by the authority and at that many countries choose to attack it but the world is ready for it.

You are right, most especially when you are surrounded by greedy folks who want to get rich quick but never want to do hardworking and be patient and this is the first thing any one going into cryptocurrency should have you need to be patient and hardworking but most of the friend we have this days only see the result but never notice the hardwork we put into such result.

I will not agree with this your analysis since you never use generally acceptable statical tool and at that lack the basic ingredient needed to make such assumption, bitcoin have literally contributed greatly to the world economy and in doing that you need to equippe your self with knowledge such as, what is the totality of the world economy and how many branches is it divided to and where is bitcoin in the world economy. Once you can answer this questions then you have a clear analysis.

Bitcoin investment should be done using your reserve found since it highly volatile in nature and again buying bitcoin now since there is a great dip in the price of bitcoin it best you keep buying and don't sale because any sale made now will lead to loses of your bitcoin but when you hold and buy more you stand to make great profit in time to come. My advice is if you can't buy more bitcoin at this period you should keep holding and don't sale out of panic.

Bitcoin protect us from the over restrictions of our financial life by the authority and it institutions and also bitcoin protect us from arm bandits who can take away your physical property but when you store bitcoin since it is base on the blochain it can not be stolen unless the bandits have access to your wallet which is most times very difficult. Bitcoin give us the total financial freedom which make us separate from the third party system.

We in this forum are all bitcoin lovers and at that we have invested a good portion of our resources in bitcoin and that has already paid off for most of us and is still paying off, but when it comes to investment we have to learn to do it wisely in other not to loss all our found at once. Bitcoin is a very lucrative investment and also highly volatile and at that it require us to be wise.

I think k at this period in time when bitcoin is witnessing a blood bath in it price it better not to sell rather you should buy, there have bee. So many threads that has treated this before and the advice has always been the same which is don't sell out of panic and there have never been a universally acceptable time to either sale or buy bitcoin since such actions is individual decision to make.

The benefit of bitcoin are so numerous due to it capacity to transformed if it is properly managed, bitcoin has a high advantage on the economy of any country so long the government has the will and means to manage and regulate the involvement in bitcoin, it all bowl down to proper management and the will to accept bitcoin into the economy as a secondary currency and as a means of payments.

It will take time before banks will offer us bitcoin fixed deposits service due to the high volatility of bitcoin, because the bank don't have control of the market since it is decentralised and can not be predicted this may lead to losses if the price fall before the period of the fixed deposits. Banks can only offer such service if only they created and own their own crypto coin such as token which will run on a centralized platform.

Exchange site still stealing peoples found after the high exchange fee their charge on transactions, but to say of a centralized exchange to solve the problems of found losses may not be the solution to that what I think should have the solutions to the problems of hacking and stealing of found on the exchange site is for the blockchain to design a future that can carry out exchange services for it costumers.

Phishing is the same as stealing but done on the internet with the use of fake website to get personal information of the victim and in that way being able to access their valuable online and steal their coins, this has deal a very big blow on the crypto currency world due to the bad image this scammers have created in the heart of investors so it better to check the website properly before you give or fill you information on the site.

Bitcoin is the image of the crypto currency world and at that bitcoin is the king of crypto bitcoin being the mother coin can never be done without, couple with is high users it wrong to say bitcoin is useless in terms of usability because millions of users are still using bitcoin without any stress so bitcoin remains the number 1 in the crypto currency world.

If I get you correctly you ask which cryptocurrency to hold at this moment of price drop in the crypto market my answer is still bitcoin because with bitcoin you have high assurance due to it present market capilazation and you can also look for any promising altcoin to hold for the sake of the future but invest the major part of you money in bitcoin.

I believe that the advance technology that will enable smartphone to be use for bitcoin mining will soon arrive as developer are already working on that aspects as it will enable more flexible and easy going ecosystem and mining experience because the use of smartphone for mining will increase the number of miners and also help the blockchain network.

Bitcoin as a payment system and as a digital currency is also an assets and a store of value so at that you can not say bitcoin has falling just because most people choose bitcoin as an investment better then being use as a currency. So bitcoin has not failed when it doing well as a digital assets and is being use as currency.

Why not as you stated above bitcoin has being able to elevate our financial life therefore it is OK to spend our time looking for ways to keep earning more bitcoin and again bitcoin has the capacity to get you addicted to the whole process due to it unique nature and value which makes it an investment ground for all.

Scammers are the ones giving the cryptocurrency community the bad name and at that pushing people away from the community and at the end given the entire system bad image before the public, and the only way we can over come scam is to stop being too greedy and always take our time to study each opportunity before jumping to it.

All this is due to bitcoin volatility because the unstable market movement of bitcoin is always as a result of it total dependent on the force of demand and supply because bitcoin like every other commodity in the market requires high demands in other to rise in price and with the previous movement in price I believe what we are witnessing right now is still part of the market. Bitcoin rise to it highest at the end of 2017 to $20,000 but falls at the early days of the year 2018 which I see as normal occurrence.