Bitcoin as a mode of payment is great because it is fast and secure.

Bitcoin is not a must and we do not need it. Its a cool thing to own because it results in profits but just think of it as an investment, you do not have to have it.

I would love to have enough bitcoins to call myself a millionaire but at the rate at which i adopted bitcoin i feel like i am too late to catch up. Unless of course the price continues to spike up then i ill continue to hold.

I do not think bitcoin could replace conventional money any time soon maybe hundreds of years to come because at the moment not even a third of the population in the world uses bitcoin so it would first have to be adopted by everyone for that to happen.

The same way traditional money is used by everyone including criminals is the same way bitcoin can be used by everyone.

Ethereum is moving at a good pace but i highly doubt it would get to bitcoin or surpass it.. But then again, nobody ever thought bitcoin would get to where it is now, so at this point i prefer to say anything is possible.

It depends. But i think the best time to sell is when you have reached your personal goals for instance if you bought at a certain price, it would be nice if you sold them for a much higher price than what you purchased them at. My advice would be to hold but like i said, best time to sell all depends on personal preference.

I think the best time to buy bitcoin is now. Many people are living in regret now because they did not buy bitcoins when they were at their lowest years back and now the price just keep going higher. If you say that you will wait for the price to go down, it may not. Invest now, thank yourself later.

Yes, the million bitcoins will be in their name and may not move from wallet to wallet again but if they stored online and there is no activity, the company can access the bitcoins and reclaim them.

The difficulty in mining right now is what is causing the exaggerated fees. Also, its cheaper to send bulk amounts.

Ethereum and litecoin are good if you are buying with little money.. They are growing steadily and i think will be good future investments.

Yes it does. If it were not for social media, some people would have never known what bitcoin is in the first place. Some bitcoin sites advertise through social media as well so i believe social media is crucial for bitcoin to grow.

Buying bitcoin is definitely a good long term decision. Just like shares, the prices are bound to change up and down but the best thing with bitcoin is that just two years ago it was at 800 dollars per bitcoin and now its gone up to 19,000 per bitcoin. It doesn't take a genius to know that this price is bound to go up despite the minor fluctuations here and there.

No it will not lower your fees because the only thing that matters really is that the fee is based on the transaction size in terms of bytes.

That would be a very risky decision that i would not advice you to take on. You still need a job to make money for other things. You can not fully rely o bitcoin to survive.