Well... that's not how it is. Initially users should know that bitcoin's price is unstable. If they will accept that as a threat or weakness, then they should not invest in it. Many people nowadays are seeing it as a potential, and not gonna lie here, that's a high risk if they will go for it. So it doesn't matter if the price goes up or down, the moment they have invested in bitcoin, they should have made up their mind and trust it.

Normally I don't really want to choose between the two because they are important for me in their own ways. We also cannot say now that Bitcoin is dominant than fiat because if it were, we should be using bitcoin in all fields. The currency system we are using today have been used for a long time ago, and bitcoin would not replace that easily. As fiat has its own strengths and weaknesses, bitcoin is same with that aspect. We just need to be in contact with Bitcoin a little longer, and I am sure the time will come everyone will adapt and will use it. Trust the process we are doing today.

The reply above is pretty much what happened. I actually am also not updated from 2 or 3 years since because of some personal reasons but then all of my friends are talking about how the bitcoin's price improved, and I think to myself, I never expected bitcoin to reach the price this high, as we are experiencing it today, and now I am back, I also observed that people are getting more and more interested in bitcoin. Good for everyone. 

Ang galing naman ng ganito, at kung iisipin kabayan pa ang nakagawa. Sa totoo lang hindi naman imposible na mangyari 'yan kung simula pa nga dati ay nag-hodl na siya ng Bitcoin, pero lapitin talaga iyan ng mga masasamang loob kaya better if maging private tayo sa mga financial transactions natin especially sa investments natin. We will never know kung sino ang magtatangka talaga ng masama, and worse kung malapit pa sa atin. Lagi lang tayong mag-ingat.

If you're asking an exit strategy on Bitcoin, I guess I haven't planned for one, because I am not planning to. I am well aware that what I am thinking is high risk, and what I am din may be dangerous if I don't secure assets. There will also be available I believe that there will be available stock markets that I can invest too, but I for me, Bitcoin is the best option that will be suitable for me.

Unfortunately, Covid is not yet done and there are arr still countries struggling. Though there are vaccines now it's not guaranteed yet. Some people are afraid to get the vaccine in cases of side effects and such. Hopefully this will really end and once that happens, maybe we can say that we are ready for improving anything around us.

But not only the pandemic has affected us, let's expect that there will be more problems to arise and of course we will not stop there, we should take action depending on what is the solution we could make.

Of course it would. Though central banks and government are less likely to deploy it in countries as laws or anything similar like that, bitcoin and cryptocurrencies will be fine. The improvement of these things in terms of its price, the people, and its entity as a whole is a great benefit for all of us. Cryptocurrencies being decentralized is what connects us all. Be it an individual, a small group, or even an organization, as long as we support using these, I believe bitcoin will be better and better as time goes by.

I think every country that has been affected by the pandemic will of course affect the economic status of it. Especially in the first periods of the scattered virus, everything needs to adapt on the abrupt change. Everyone is also affected, and it hurts to see the people who are suffering the most because of forced closing of their business and such. But now, we still have the pandemic but slowly the people are getting back on their feet, of course, the economy too. Though the virus is not entirely eliminated, we have found ways to deal with it and our country may still encounter problems but this time, we can think for better solutions since we are now familiar on this pandemic.

I'll say that's the main reason. It's really funny they try to destroy bitcoin's reputation in others; especially to those normal citizens who have little information about it. To avoid cryptocurrency ruling over let's say, a major population of the country, of course the government will try to stop these and of course they won't want others to 'dominate' in this field. Whatever they may say, it won't affect much since at first they try to deny the goodness of having cryptocurrencies especially bitcoin, and they lack knowledge about it.

Everybody needs money. This is one of the fundamental needs for humans to survive. Like how air and water is. Sorry for being a bit philosophical but if money is only the thing that drives you to live your life, you are living your life in a wrong perspective.

Yes, that's true, that almost everything involves money, bit that doesn't mean that we will let it control us. That's why there are things like investing and such, which we control our own money.

That is true and that's one of the reasons why we should not brag about it. It is still inportant to have a private life so you'll be somehow feel safe about your hodlings in Bitcoin.

But it's really good to know that they are being successful and we all know that thay're not the only who's experiencing it-- "it" meaning them being successful in their Bitcoin investment. I even know close friends who are receiving their "rewards" from investing bitcoin and buy something they need or want.

It's just disappointing and frustrating that there are bad guys wherever you go. They try to make use all of the possible resources they can and do what they want. It is dangerous for us because what if cryptocurrency will be banned in a certain country because of illegal activities? As much as we have the freedom on what we can do with our bitcoin and other cryptos, bad guys also have that freedom. It's hard to finalize any thoughts on this since if anything, we will also be affected.

That's true. If only those small banks are really independent which I doubt since how would they establish their own and it runs smoothly? Everything that starts small for sure encounter struggles.

Also, what is the assurance if ever Bitcoin's gonna have a physical bank? I think without physical banks bitcoin will still function well and its unstable price will not be changed (which may be good or bad, it depends on perspective). We can still have smooth transactions without a bank.

* The rich bankers would not want bitcoin interfere with the current system, because that's the way how they earn. If that would be interrupted, they would not want that the stable process would be hindered by some currency that's decentralized.
* Main negative effect that I know would be that volatility. I think that's one of the reasons why the government still not use it for their country and make it official.
* I have seen some posts regarding doing illegal things and the transactions are made through bitcoin. No one would want that, of course, there is a law in a country and of course once they will found out that the criminals used bitcoin, there's a chance that there will be a discussion about it.

One thing you need to do to secure your bitcoin in a safe place is to have that private key you use backed up or at least have a copy in your safe vault either electronically or not. You never know what will happen in the future so make sure to handle your assets well. That attached image of OP is not really wrong because I actually use passwords for my Bitcoin wallet, and linked my account to other accounts so it should be safe.

This statement is true, as we should know that the two currencies are different from each other. Being both users of both currencies, we know where can we use fiat and bitcoin depending on what we are gonna do. Also, let's don't think that one is dominant from other, because it has different function and uses. Let us use this harmoniously and we will benefit from it in one way or another.

Surely there are people who are already familiar with bitcoin in the year 2017 that didn't hodl for too long kinda regretted that they did not hodl it up until now. They definitely would have better profit but of course, some have their own goals to achieve and those goals maybe different from the usual. In bitcoin investing there's no too late. you can always start anytime you would like and of course don't give up on your goals.

Using cryptocurrency is actually approved by some of the governments around the world, and it is fine as it is. Being approved by government does not mean they should be handling it and force their people to use it. I mean, with permission or not bitcoin and other cryptocurrencies will still continue to function and whoever wants to use it can use it freely.

As for predictions, you can't just believe in anyone about bitcoin's future. Only if he had done thorough research about and he is familiar with how it systematically works, maybe his argument is valid. But it's not, so why believe to it?

Of course! Let's say, I have a stable job and I decided to save some of my salary and covert it into Bitcoin or any cryptocurrency. The moment I started converting it, and the price moves, I actually earned money from it. So I will decide if when will I sell or I until when will I hodl it. Either log term or short term, I know you made money in the world of crypto. It really depends on your plans or needs, and there's nothing wrong with it as long as it's your decision.

Yes. Lack of knowledge is one of the roots why people fear a new invention or innovation. Also, if they are not interested to learn about it, there's nothing much we can do. But maybe at least if they can know the basics of bitcoin and crypto, I guess that would be fine so they don't have misconceptions about it. Also, if you will make yourself available for the people you know that is interested in bitcoin, then go ahead and teach them so that they would know bitcoin is not some scam network or anything, because it's not.