I don't think paper money is facing any competition from Bitcoin as government is not interested in circulation of a currency they can not control and regulate. Transaction of Bitcoin also charge a high fees which makes its use impossible for small transactions.
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I don't think that price of Bitcoin will fall to only or less than thousand dollars ever because it is gaining popularity day by day.. It is receiving investments by people from each and every country. I don't think it will fall to such a low price.
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The thing which i love about Bitcoin is the rate at which it is growing day by day. The progress it's showing is tremendous. I also love the fact that transactions in Bitcoins are anonymous and your privacy is completely safe.
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Investing should be made in a diversified way so that your investment can be kept safe and also profits can be made. Diversity your investment in various progressive altcoins like monero and ethereum.
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I don't think actual money could ever be replaced by Bitcoin because regulation of Bitcoin by any governmental organization is not possible. Moreover the transaction fees of Bitcoin is very high which makes its use impossible everyday.
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I think Bitcoin will show massive rates of growth and will prosperous in the year of 2017.I think the price of Bitcoin will be something close to four thousand dollars or more by the start of the next year.
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Yes, you are correct absolutely. Bitcoin can lead to corruption as address of sender and receiver is anonymous which makes it one of the safest ways to transfer bribes.
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Trading is possible with very small amount of Bitcoin but smaller trades would not be profitable because of transaction feed and exchange rates which are. Comparitively high.
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More altcoins showing progress like Bitcoins is good because it gives an investor to make his investment portfolio more diversified which keeps value of his money safe and give his money a chance to grow
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I don't think Bitcoin will be replacing dollar anyday because dollars are worldwidely accepted. On the other hand, acceptance of Bitcoin is not that much and it would take years to increase it's acceptance to that level
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US dollars are way more popular than bitcoin, any other currency for that matter. Usd are accepted throughout the world whereas Bitcoins are popular only among few people. Value of usd is also more stable than that of Bitcoins.
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Bitcoin has power now a days because acceptance of Bitcoin is increasing day by day and more and more people are realizing the potential Bitcoin has. Bitcoin is also showing good amount of growth which is making it an investor's favorite choice.
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This statement applies for most of the altcoins available out there but not to all. Some altcoins like ethereum, monero and litecoin are showing good amount of growths and are one of the good investment options available out there.
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If you want to invest 10000+$ then you should invest in a diversified way. Try to buy four to five good altcoins like monero, ethereum and ethereum classic and also buy minimum of one bitcoin.
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I save Bitcoin for future purposes as i clearly see it as one of the most exciting investment option available out there with high rates of growth. It's an investment everyone should try to be a part of.
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BTC for me is like a seed of investment. It will grow slowly and steadily with time and when it will become a tree it will start giving fruits. It's an investment i don't desire to break anytime in near future.
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A gambling site is more profitable than a dating site because gambling is like an addiction. A person keeps on gambling on and on until he loose all of his money and goes broke and become poor.
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I think best altcoins are those which show steady growth and your investment is safe at the same time. The alitcoins i like are monero, ethereum, iconomy and waves which are progressing alot these days.
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Reasons you should buy Bitcoins now is because Bitcoin will show incredible rates of growth in future years so your investment can mature two to three times in span of a year or two.
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People don't like an investment scheme because they are not aware with the risks with which an investment comes with. To make people like Bitcoin, you must help them understand the potential gains and risks a person faces when he invest in Bitcoins.
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