It will be fantastic to see bitcoin rise above 12000 usd. But then, it will be of no surprise me because I have always believed in the growth of bitcoin and besides bitcoin has risen steadily over the past few months and rising to be above 12000 usd is something that is bound to happen.

Yes,  most people make use of bitcoin seeing it only as a means of investment but then that doesn't change the fact bitcoin can is also a currency that should be used for day to day tramsactions. Though, majority use bitcoins for investment, there are still a few who use it as a currency.

But on careful examination, we realize that the service of bitcoins both as a currency and as a means of investment is one the advantages of bitcoin

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I believe that the answer of every bitcoiners should be in the affirmative. We all understand how bitcoins work and have in one way or the other enjoy it's numerous benefits. Why then would I not want to live in a country where bitcoin is made the official currency.
In such country, the general acceptability of bitcoin, which was once one of the limiting factors of bitcoins, has been made possible which then makes transactions more easier.
The cashless policy of bitcoin is another reason to live in such a country, as this ensure safe and secured transactions one person to the other.

Although the future of bitcoin and other digital currencies is bright with increasingly number of people venturing into the digital world of transaction, it is still impossible for digital currency to replace paper money.
Research has shown that there are about 900 million people in the world who can not read and write.
Research has also shown that only about 40% of the world's population have access to the internet with the remaining 60% without access to the internet.
Putting into consideration these limitations to the general acceptability of digital currency, we realize that there is no way possible for digital money to ever replace paper money.

Investing in bitcoin is a good way to invest one's  money. One can make a lot of profit from bitcoin investment. But then one has to be very careful and watchful of the btc/dollar exchange rate.

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I totally do agree with you but then they can be blamed for it. It is only natural for them to be pessimistic about it since they don't knw how bitcoin actually works and the benefits of investing in bitcoin.
This research has only shown us the naivety of people concerning bitcoin but then it does not define the value of bitcoin.
Bitcoin has not and will not in any way collapse based on the speculations of people who don't know how bitcoin works and are ignorant of its numerous benefits.

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The current bitcoin price is actually beyond imaginations but then I am not surprised because it was something that was bound to happen.
Bitcoin grew rapidly, scaling the ladder, and its current price is just meant to be.
Infact, by my speculations, the price of bitcoin should be around $10000 before the year runs out.

When I saw the price, I was really excited. It's great seeing bitcoin move from about 800  dollars at the beginning of the year to 6000 dollars, it's just too great.
If the price of bitcoin continue to soar up like this, I'm sure before the end of the year,  bitcoin should be around 10000 dollars.

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The volatility of bitcoin has been of an advantage to some people and of disadvantage to others.
It's this volatility of bitcoin that made it possible for individuals to make profit.
Besides, bitcoin has more users than other cryptocurrencies, survived so many downfalls in price and therefore cannot just die down. I believe bitcoin will become more stable and remain the best of all cryptocurrencies.

Coupling your real job with bitcoin trading is going to be difficult due to time constraint but I think you can make it if you're determined. You know trading is known to be quite  risky, so you have to monitor the chart flow squarely.

As to your question on where to get information concerning trading, I believe  you can get all the information you need right here in the forum. There are so many threads dedicated to issues such as this. Just go through about 5 to 6 threads and you will be amazed at the amount of knowledge  you've gained.

The chances of bitcoin becoming so obsolete that it will be replaced by another cryptocurrency are very small.
Bitcoin had proved to be irreplaceable due to so many reasons. Let's consider the market value of bitcoin i.e the btc/dollar rate,  which other cryptocurrency could have such high value.
The features of bitcoin also remains unbeatable. Its anonymity, secure transaction and so more has made bitcoin the best cryptocurrency.

The best decision and the best thing to do if given 1btc as a gift is to sell some and put the rest into trading and investment.
I'll sell some, I think about 40%, and then pump the rest into trading and investment to earn more bitcoins
But in the real sense of it, no one  is practically ready to give out 1btc with the current price of bitcoin.

Holding bitcoin does have its own risk. Let's consider the following risks.
1. Self Risk: When you hold bitcoin aiming to get some profit from of it, you might be tempted to spend it, there might be some emergency that leaves you no other choice than to spend it.
2. Risk of Loss: Holding bitcoin might result to a loss, as there is with every other investments, due to fluctuations in the bitcoin price. If you are not very careful,  you might end with a loss.
3. System/Device Risk: Ones may lose one's  held up bitcoin to hackers, probably due to insecure connection or negligence on the part of the user

I'd say it's not possible for bitcoin to lose its value.
We are not oblivious of the fact that there are times when there are downfall in the value of bitcoin but then, looking at the chart from previous years,  we realize that no matter how severe the downfall, bitcoin has always recover.
So if bitcoin does lose value, it's only for a while cause I'm sure it will recover.

Though,  Ethereum might have gone up for now,  yet it doesn't define the the value of bitcoin.
Bitcoin has proven over the years to be the best cryptocurrency. 
We are not oblivious of the fact bitcoin has faced a lot of downfalls in the last few years but then, it has always survived it and this poses a question to us,  will Ethereum survive if faced with downfall in the next few months?

I'd say Yes.  Holding bitcoin for a very long time is a good way to make money.
Looking at the chart for the btc/dollar exchange rate for the past six months, you will realize that, although there have been times when the exchange rate was low,  but by  the end of the six months, the exchange rate sky rocket to about 50% of the initial btc/dollar exchange rate