In as much as that is the best option for this present situations it will be very hard for people to stop transactions for a day in bitcoin. The amount of unconfirmed transactions are increasing day in day out the blockchains are congested and the transactions fees is on the increase but that will not stop the people from carrying out transactions. Your advice is the best but only if the people can act like one big family and stop as you have said.

I will buy as much bitcoin as possible, I know the drop in price is just for some time and at the same time an opportunity for me to buy more bitcoin and save for the future. Bitcoin is an asset and at that it volatile nature is just normal the price can easily go up and down but if you are patient to wait you will gain in bitcoin in the long run.

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One of the benefit of bitcoin that other alt don't have is the ability to sustain steady price rise, from the past years to this present moment bitcoin has sustained a steady price rise and has not falling beyond it starting point. Which other alt don't purchase such features you can see other cryptocurrencies rising in price within a short period but are unable to sustain the status and you see them falling in price to the point of investors loosing all they investment.

Volatility isn't a bad thing and bitcoin being volatile in price is not an evil, very commodity in the market is volatile as long as their is no stability of price. Gold is volatile, real estate is volatile and cryptocurrencies are volatile in nature, their price is not always stable.
The volatile in an upwards direction is good but when it consistently move on downward direction is a kind of evil. But in the case of bitcoin we have witness an upwards direction price movement and at that the volatility of bitcoin is an advantage to holders of bitcoin.

I don't believe government had the capacity to ban bitcoin, due to the fact that bitcoin is decentralized and at that can't be control by any individual or institutions of government. What the government should do is to embrace bitcoin and try to formulate policy in other to regulate bitcoin activities and be able to tax on bitcoin to improve they economy.

We need to invest in bitcoin mostly to maximize profit and at the same time for our own good. Bitcoin has help a lot of people to become millionaire's all over the world and at that the only to partake in this movement is through investment if you don't invest their is no way you can gain any profit from bitcoin. And again we need to invest in bitcoin in other to keep the market going and increasing because once there is no invest in bitcoin the market and price will fall.

Weather you call it greed or not or people wanting to get rich quick without working, one thing for sure in the bitcoin world is it ability to sustain it market cap and steady rise in price and this is due to more investors coming into the market and the volatility of bitcoin always cut peoples interest. So the most important thing that is promoting bitcoin is it value in the exchange market.

The future of bitcoin market cap is bright and very soon government will drive a policy in other to be able to regulates some of it activities and at the same time to be able to place taxes on bitcoin transactions. But weather the government like it or not their can not short down bitcoin because bitcoin is decentralized and can operate with out any interference. The financial revolution is here with bitcoin.

Bitcoin can be a saviour most especially in a country where there is economic crisis just as we are facing in most countries in Africa. With the teaming number of youths turning out of schools without any kind of job provided by the government, the only solution is to be self employed and bitcoin has provided us the platform to become self employed. So bitcoin is the 21st century financial savour.

Is very difficult for government to be able to ban bitcoin in the sense that bitcoin is a decentralized currency so at that is not under the control of any government or central bank. And the government can not trace and punish those who use bitcoin the government can only drive some mojars to take bitcoin underground but can not totally berry bitcoin. As long as there is internet and a smart phone bitcoin activities can take place.

Well since you asked for advice if not is up to you to decide either to cash out or wait for more interest. But to me considering the steady rise in price of bitcoin is best you hold your bitcoin in your wallet hoping to make more interest, $500 can yield you some good interest you know. Bitcoin is more of an investment then a currency so wait for the right time before you think of selling.

Bitcoin like every other assets does not have a fixed Price, it price is determined by it demands. Speculations can only make bitcoin popular but does not have any thing to do with the price of bitcoin in the exchange.market, when the demands are high it is normal for the price to go high. And at that bitcoin holders stands to gain profit having they financial life changed for the better.

Well I will not doubt the fact that the evolution of bitcoin is faced with a lot of controversial question which have been left unanswered. Who is santoshi Nakamoto the great inventor of bitcoin and is said that him alone hold ten million bitcoin and remembere the total bitcoin that in the system is twenty one million bitcoin.
But not still walking away from the potentials in bitcoin the future of digital currencies, the flexibility of transactions the gain all this features are too great to walk away from. The decentralized natour alone no need for bank or the government bitcoin exist on it own.

Bitcoin is an asset and at that speculations are allowed, people tend to created panic by them self's as long as bitcoin price can rise it can also drop at any time. But the question is has the price ever dropped below the point it was within 48hours back. The answer is no. What should prompt you to sell your bitcoin should not be base on panic but base on your needs at that time, if not if you continue to do panic selling you tend to loose your asset which is bitcoin at any slide change in the market.

Let me be very plain with you, why I choose bitcoin over other cryptocurrencies is that 1 bitcoin is the mother of all other cryptocurrencies and at that bitcoin is the best among them all in term's of potential values and ability to remain very volatile in nature and still sustain a steady price rise in the exchange market over the US dollars and the rest.

Bitcoin and other cryptocurrencies are so special due to the fact that the technology behind bitcoin is highly advanced and improved. And bitcoin is a peer to peer means of sending money and in doing that you don't any third party involvement's. It highly decentralized so is not under the control of any central bank or government, it volatile natour make it very peculiar to use.

When you say impact what aspect do you mean, because impact can either be negative or positive. But since you did not specified let me outline some of the positive and the negative impacts of cryptocurrencies on the economy of any country most especially the 3rd world countries.
1. Bitcoin/cryptocurrencies if properly managed and control it can lead to economic transformation and boom of any country.
2.cryptocurrencies can eas the financial transactions of a country, making sending and receiving money easy.
3. It help to provide financial help to the unemployed youths and providing part time job for the youths and even the elderly.
And it negative impacts are as follows
1. Cryptocurrencies can lead to inflation if not properly managed
2. Cryptocurrencies can be use as a tool for money laundering by corrupt political office holders.

Why should some one even conceive this kind of thought in his/her hart is it that we human being are just wicked and anti progress in natour. You seeking ways to destroy bitcoin instead of finding means to improve it, well for your information you can't destroy what you can't build. Bitcoin can only be destroy by those that developed it e.g santoshi Nakamoto himself alone can do that or better still if you are able to turn off the blockchains and the entire internet itself.

I believe that saying of the CEO of coinbase on bitcoin replacing dollars in the next 15years to come, in as much as that is true bitcoin is also the 21st century revolution in the the world financial system and at that bitcoin is the only currency who has the capacity and the potential to become the world unified currency. In time to come bitcoin will become so popular that even vendors in our local market will except bitcoin for payment.