I use a portion of bitcoin as a long term investment, for trading and then if there is an immediate need to convert it to fiat to pay for expenses then I would do it but if there is a way to not convert it like borrowing fiat then its much preferable. As much as possible, I would prefer bitcoin as a long term investment since many are also treating it as a long term investment so I'll just go with the flow.

Maybe for the short term traders it would be the best time to sell now since there is a possibility it would bounce back to 2,800+ or more. For the long term traders, it is still early to sell now because more people are joining the bandwagon which would mean a higher demand thus a higher price. We will just hodl and wait.

It's not now but maybe years or decades from now. I think in the first year of bitcoin when the price is just a few dollars, they will target an amount of a thousand dollars which seems too good to be true but now in all time high of $3,000+ so we cannot really predict what the future will be. I hope someday it will reach that amount because many are also positive about it.

Since most of the people who are tech savvy are millennials then it's not surprising that they are choosing bitcoin over banks because their eyes are now open to the truth of what is happening when they deposit their money to the bank. Many bank systems are compromise, funds that are suddenly gone, ATM cards copied and unexplained wealth of some people working in the bank. If people has a choice of securing their funds aside from putting it in the bank then bitcoin would be the answer.

It would depend on the reason why the coin's value drop. If it's just because a recent pump has happen and then it was dump but it stop in its previous support then maybe it's a good chance to buy. If it seems that it continues to drop for a long time then maybe it would still continue to go down and if you are looking to buy it in short term then its not advisable. There are many factors to look at when buying altcoins not just because the value of it is down then you should buy it.

I know some people who are in a desperate situation and wanted to pay their debts that's why they are taking their chance to win a big amount to pay it all borrowing money from others to participate in gambling hoping to get lucky. Given that their emotion is already not that stable because they are in that situation, there is a big chance that they would lose which would make their situation worse and the possibility of doing something not right like earning in an illegal way.

The word of the rich people has a very big role in making bitcoin popular since many people look up to them thinking how can they be like him having the financial freedom they always wanted. As we can observe now, bitcoin is in all time high and continues to rise because more people are believing that it is the future of money. It may be hard to shift from fiat to digital but I think it will happen just like what the computer and internet do before where many people don't believe it at first.

You can start by putting your funds to something that you can't easily pull off like the same concept as time deposit or you let someone trustworthy to hold your funds for you so that you will not be tempted to deposit again to gamble. You can go back to your hobby which you stop doing when you started gambling or find another activity which interest you and let you pass time. You can also join some group which are into gambling before and then quit and ask them for advise on how they did it.

Bitcoin would be good for long term investment because looking back to the price of bitcoin a few years ago, there is a huge leap of price and some people who were able to buy it in the first five years of its existence have already massive profit and some became a millionaire because of the massive increase in price. We can only make speculation and hope that bitcoin would continue rising since people who are into cryptocurrency has bitcoin and then an altcoin. Besides, some altcoin is use by whales to profit by pump and dump.

Usually when someone will ask me some sideline or if I know something where they can earn money then I would just tell them about bitcoin. It's usually word of mouth and then when someone ask that person who ask me then he would tell him about it. Since social media is one of the fastest way to connect to your friends,relatives and acquaintances then from time to time I share some information about bitcoin.

Cash is better than bitcoin for NOW in terms of its accessibility to the people. Bitcoin is not that widespread yet since when paying in groceries, restaurants or other establishments, cash or card is still the one used and when you ask some random people about bitcoin, they have no idea what it is. I think this is the disadvantage of bitcoin over cash but bitcoin later on will be used as a payment option and will be in par with cash and as an investment option, bitcoin is way better than cash.

It's possible because all of us has no idea of what the future will be only speculations. Bitcoin's value go down massively a few years ago because of an unforeseen event and people panic so they immediately sold their coins but then it was able to go up and now bitcoin is slowly becoming popular and more people are either investing to or trading it. Though its price is still volatile but it still continues to go up which means a higher demand.

My investment outside crypto is in agriculture. My family is interested in farming so having a farm and let them maintain it is a good way for me to earn passive income. While I am busy earning in crypto world, my family is also busy in having a traditional business and I am planning to invest in real estate for renting also so that I can have diversified investments.

I think not since stocks and forex is already existing and traders have already experienced with it and a new player just entered the game with the same status. Also, it has piqued the interest of the people because of its volatility and high price in just a short amount of time which can attract traders so a stable price would not make the bitcoin be as popular as it is now.

HYIP is enticing since you can have a return of investment in a few weeks or months and I am one of those people who invested in HYIP before since there are others who are also saying that it is paying but then after just a few days since I invested into it, it was gone. I learned the hard way and I'm never investing in any HYIP site again.

Bitcoin and fiat money will co-exist and people will continue using both of them as long as they are accepted. There may be some obstacle now in bitcoin since it is not yet that known especially to some people who are not tech savvy and other countries ban it but as long as we will continue to support and use bitcoin then maybe time will come when other people use it as complete replacement of fiat since anything can possibly happen.

Bitcoin is a good investment because of the price surge in just a short amount of time. Though there are times when it goes down because of some unforeseen events but it still goes up and speaking of investments, I think this one has the highest percentage of returns compared to stocks or other investment vehicle without the need to act cause you just hold it and then the price goes up.

I have joined some PPC before way back 2011 and then I can see in the payment option that there is an option for bitcoin but I did not mind and wasn't curious about it so if I would have just been more curious before then research more about bitcoin then I think I will be one of the lucky ones who have acquire bitcoins when its not yet that popular. I do regret not minding it but still I believe that I can still gain from it since I am here now and bitcoin is continuously rising.

The problem is not spending too much time in trading but you making decisions base on your emotions. Many traders lose because when their trade don't go their way, they immediately decide to do something that later on regret and then lose more money. There are people who spend too much time in trading but their loses are minimal simply because they can control their emotions. Trading is not just about technical or fundamental analysis but it involves psychology as well and when these three are in sync when you trade then more often than not it would be a profitable trade.

You should still continue if you have the capital because losing is part of trading and through losses you will learn your strengths and weaknesses so that next time when you trade, you will know what mistakes you made that made you loss. Of course there would be times when you still loss because market is unpredictable but you can at least minimize it by having a plan of what to do if something happen. I myself loss higher than 40% but I accepted it and then trade again.