The future of bitcoin is still uncertain as of now but if you know trading and you have the capital then use it in your advantage then maybe earning a living through it is enough. Having a stable job is more secure and earning a living through bitcoin is ideal especially for those people who doesn't like their job or tired of having a boss anymore.

Experience this one also. I have a winning streak in gambling and I already earned decent profit then withdraw.The next day I thought why not deposit a bigger amount for bigger profit then after a few rounds, I had a losing streak and lose entirely my deposit and some profit that I gained the earlier rounds. I lost all that I earned in my previous days also. Well luck is not always on my side. It's my fault because I've become greedy.

If I really need the money for emergency and it’s urgent then I would borrow because that would be the fast way to obtain it. After borrowing, find job if you don’t have one or other means of income like selling something in your home that you don’t need or have a business that will let you generate income even if it’s just for small profit. It’s better to earn something and pay your loan little by little than doing nothing that may blow your debt out of proportion.

In trading, skill is important because you need to study and research about the coin you are trading. Experience is the best teacher so if you already have an idea about it then you can start small amount then eventually when you get the hang of it, you can invest bigger amount for bigger profit. But you also need luck because there are some fortuitous event that may happen that will let you earn tremendous profit or wipe out your entire account.

I have two different wallet as of now and both of it are online. One is use for earnings, buy stuffs and for payment for other services while the other is use for cashing out to fiat. I just have a small amount of bitcoin right now so those two are enough but if I already accumulated a significant amount then I will add another wallet that's not online.

Been a victim of high-yield money schemes too. It's too good to be true but still I go for it because others are saying that its legit. The ending is that I lose some bitcoin because I did not research first. I just immediately "invested" into it. Investing in yourself is really important because knowledge is power and knowing the ins and outs of the businesses or investments you will get into will really get you somewhere. It may be slow at first but you will reap the fruits of your efforts when the right time comes.

It’s good to have diversified portfolio when it comes to investing to protect your assets so that in case one of your investments collapse then you still have others for back up. I agree with you mate that gold is a safe haven because it’s stable and its price is rising. When the value of dollar falls, people turned to gold to protect their money thus increasing its demand. For me, gold will and always will be a safe investment but silver is also one of the alternatives.

 Upon receiving your income, you should reserve a portion of it may be around 10% for investment and religiously follow it treating it like an expense. Though it’s just a small portion every month or bi-month perhaps, it will grow as time pass by.

Tax has been one of the reasons why some people from other countries go to Middle East because their salary is tax free. The amount of salary in the contract is the amount that they will receive in their bank account. If they stay in their own country, a big chunk of their salary goes to taxes apart from other deductions in which case the government received first their share even before the employees received their salary. With bitcoin as salary, it would be a big advantage being tax free and who knows the overseas workers might consider going back to their countries upon implementation of this one. But I think when that time comes, the government will act upon it and do something to get their share because they will lose a big percentage of funds when there’s no income tax.

When there is really a dire need or an emergency that you need funds immediately then I think borrowing bitcoin will be useful. If you are short of some fiat and bitcoin is the only way for you to fill up the lacking amount because borrowing fiat is not possible at the moment then borrowing bitcoin is useful even if you need to pay an interest later on. But make sure that you will have the available bitcoin later on to pay it back.But if you just borrow bitcoin for other purposes to fulfill your wants rather than needs then just forget about it. One example is that you borrow it for gambling because you are sure that you already know the technique to earn but then after some time you lose it all. How can you pay the bitcoin you borrow in this situation?

The better way is just to have some available funds for emergency purposes so that there’s no need to borrow because if you can’t pay people in time you may lose your chance of borrowing again and possibly his trust also.

I think one of the ways to let people know about it is through schools. Since most of the household in the neighborhood has students then may be you can hold a seminar in those schools. Talk about the advantages of bitcoin and how it can help them and potentially profit from it when they use it. Then supplement some videos or notes for further understanding.  You can also implement a business wherein you accept bitcoin as payment and some freebies or promos may be when they use it because people are willing to try something new when they wanted to get something for free or for a discount. If at first your customers pay you cash, give them some flyers about bitcoin so that the next time they come back and pay you they are already aware of it.

Whatever type of payment whether its fiat currency, bitcoin, or any other form like gold, silver or diamonds, criminals or people doing illegal activities will use it in order to get what they wanted or to get paid. The difference of bitcoin is that people can use it for payment with anonymity making it an advantage for them because they can’t be traced by the authorities easily. There are no documents needed when someone wanted to transact bitcoin so authorities will not be able to retrieve evidence to put down the people doing illegal activities. Transaction fees are also minimal when using it making it preferable because the more funds available to them then the more transaction they can make which means more profit. So to answer the question, yes bitcoin is use in illegal activities.

I don’t think this will be a threat to bitcoin dominance for now. Ethereum is just starting to make a name in the crypto world so for now, it’s not a threat. Its price is still unstable just like bitcoin when it started. Bitcoin is the one accepted for online payments and widely used. May be when the price of ethereum will go up and then some mainstream news will make a review with it then maybe it can attract some investors making its demand more high then the price of it will go up. People are careful in investing due to the fact that digital currency is new and they don’t want to risk their hard-earned money in something that they can’t clearly view the future yet. The ones that will invest on it are the risk takers.

Shared economy means that you will be able to use other properties by renting them because they are not using them at the moment. Example of this that are quite famous nowadays are AirBnb, Grab Taxi and Uber Taxi. It has become a trend because instead of just letting your property go to waste, you can let others use it for profit. The common payment used is credit card in which they will go through banks and will have to wait for days or weeks for payments to be cleared. This is where bitcoin comes in. If the payment is through bitcoin then it will be received instantly. The disadvantage on this one is that the customer may not be aware of bitcoin yet so you need to introduce it to them first before you can receive the payment or will find alternative way for the payment other than bitcoin.

I agree with this one. With bitcoin already making a name and attracting investors, there is a possibility that other cryptocurrency will also increase in value. Some of it has already dollar value and trading with dollars . Maybe an investor will pump it and then others will follow through then become stable in value. We will never know.  Bitcoin is the father of cryptocurrency and there will be others in the future also that will be better than bitcoin because people are always researching and inventing so it is a big possibility that someday another cryptocurrency will overtake bitcoin. Just like what happen to social media before, I can remember only Friendster as a big hit before then facebook appear and then slowly Friendster disappear in the scene. It’s a never ending process. It just keeps evolving.

Bitcoin has become popular nowadays due to its price surge for just a couple of years. People did not acknowledge it at first because of its value before which is only cents and it’s something new and may just be a fad. But as the years go by, its value has increased drastically due to high technology and widespread use of internet. May be for the past years, when social media is not yet that popular, people will just treat internet as a luxury but nowadays it has become a necessity wherein there’s not a day that will pass by that people will not be able to use the internet because almost all the transactions that they will be making are using it. So the idea of bitcoin is really brilliant given that most of the transactions are digital so why not make a digital money.

Major investors are also taking part now of the booming digital currency because they recognize that one day they can profit from it given that the fiat currency is losing its value due to inflation.

Upon learning about bitcoin just this year, I got an idea that it could be one of my ways to get rich and just work at home not having to work in an office and work like a robot.  Here is my plan:

1. I got excited by the idea that bitcoin can be use for trading and since I have an idea already of how trading works then I could profit through it. Though my capital for now is just small, eventually it will be bigger if I’m lucky to pick the right trades and have some profit.
2. I will buy bitcoin if I have some extra money from my salary then I will add half to my trading capital and then the other half I will store in my wallet.
3. I will join signature campaigns to accumulate more bitcoin.
4. I will try gambling but only what I can afford to lose. Self control is really important if I wanted to earn through it.
5. I will do some research on earning through building bitcoin related websites.

My target is to earn around 100 BTC maybe come 2020 when the price hits $ 5,000. I hope so.  
 

Lucky for him because it might go the other way around. If Bitcoin hasn’t become successful then he would just forget about it. Sometimes I would just wish that I had discovered it a few years ago then I would have become a millionaire too but then no one knows the future. Generally people do not adapt quickly to changes or be out of their comfort zone and try new things because they are afraid that it might ruin their current situation but sometimes in doing so, they were able to let an opportunity pass by that might change their life. In the case of the guy who bought it for his thesis, maybe it’s really destined that he will buy those bitcoins never realizing that in a few years, he will become a millionaire because of it.

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I guess my worst bitcoin decision I ever made was "investing" immediately in cloudmining and HYIP sites not researching about it first. I thought I am lucky because I found something that is passive income and they promise to pay everyday but then I was wrong and I was scammed. I learned my lesson and I will never invest in HYIP and cloudmining sites again.

The first time I bought bitcoin was I think just this April 2016. My purpose is to invest it in "cloudmining site" because I read a lot of them in social media that it's a legit investment site. It's too good to be true earning around 5% everyday not doing anything but still I invested and so happy that I received everyday that amount and then after a few months the site was offline. I was scammed and I got only around half of what I invested. I learned my lesson that there's no easy money that's why I searched for a way to earn bitcoin and then found this forum.