Kakashi2020

Would Bitcoin really last? That's the question in most people's mind. Because no one really knows for sure, if it would last or not. But considering its success I tend to believe that Bitcoin would continue on its path of legitimizing itself.

Basically the Block Chain is a digital record book that records the location of every Bitcoin. It's updated real-time as new transactions are made. This record can be downloaded by anyone but can never be changed.

The price of Bitcoin is driven by market sentiments, news and changes relevant to bitcoin and other unconventional forces unlike money which is demand driven. This makes the price of Bitcoin harder to predict than regular currencies.

What kind of wallet do you keep your Bitcoins in for safety? What's the safest way of securing Bitcoin from hackers?

Why is there very few vendors who accepts Bitcoin as payment? Considering the worldwide success of Bitcoin, why is it that most merchants are not accepting it?

They should made said lost Bitcoins recoverable if not lost Bitcoins should be added back to the block chain so that there won't be any wasted coins.

That's what people are also thinking. Since it's unregulated, if someone steals money from you, it's lost forever. And there's a lot of questions which needs answering but since no one represents bitcoin all said questions remain unanswered. Dont get me wrong, I'm all for Digital currency and it's really the way of the future, the question is, would Bitcoin become our digital currency of the future or not?

Everyone's talking about the block chain technology which Bitcoin is using but we really know much about it. So I think that's the main reason why most people are reluctant to invest or to use Bitcoin. Someone should explain in plain words the logic behind the technology.

In my country, the Philippines it seems banks and money changers are taking advantage of Bitcoin holders. They've set some ludicrous fees and a very low exchange rate if you're going to sell your Bitcoins for some local currency. Some exchangers even have the gall to offer half the market price, while telling the holder that if he wants to sell it at market price then he should try selling it to where he got the information from.

I do agree that Bitcoin's technology has somehow disrupted the financial system but it's all back to normal now. At present people are still studying it's movement as well as its uses and implications. in my opinion prople are waiting for Bitcoin to evolve further and gain more acceptance.

Yeah, there's been a lot of times in the past that certain plans i initiated didn't work out as I intended it to be. But like they say "if you want to win, then you have to bet".

There's the looming possibility that Bitcoin might not be the currency it portrays to be. What I mean is there might be an organization behind it, controlling it for their own purposes.

I do agree that Communist China likes keeping their people in the dark and the Ruling Party is constantly making their people believe that their nation is highly industrialized and currently the most powerful nation in earth. What's funny is that they've succeeded in brainwashing the bulk of their population which are mainly unschooled farmers. All opposition is being silenced and crush.

What I was thinking of is if I spread the risk my chances of hitting it big would go up. I mean if I invest even a $100 on 10 newly launched coins, I think not all of them would fail 1 or 2 will work and because I was one of the first investors then I'll reap it's rewards, the price may increase a hundred times in just several days, just like what happened to Bitcoin in the past.

I think that if ever Mark would create his own currency for Facebook it would readily be accepted by the whole Facebook population and that could be over a billion people from around the globe. I think Zuckerberg should do it, a Facebook currency would be a very good step forward.

I do agree with you in that China thinks of anything external as a threat, just like what happened to Facebook, they banned it and created their own Facebook copycat platform called Baidu. They're a bunch of paranoid commies if you ask me.

Okay there's a lot of new Crypto Companies being launched but when it comes to marketing their coins, as a marketing man, I can see that their doing an awful job. What are your ideas in effectively marketing new coins?

Do you think that the name of a cryptocurrency has a big effect on its marketability as a good investment option? Can the Name of a Coin make or break it?

When it comes to investing in newly launched cryptocurrencies, what is your deciding point? What things do you look for or consider before investing some money on said coin?

Is investing in a variety of newly formed/launched coins worth it? I mean if I invest $200 each on 5 different coins, can it be called a good investment?

What is your take on the idea of a currency platform which can be used to create cryptocurrencies? Wouldn't it be great, if such platform is invented, organizations, groups, companies and even families can make and use their own cryptocurrencies.

A friend has an interesting notion, what if Facebook which is the biggest social media platform in the world with more than a billion active users launches it's own currency? Would it overshadow Bitcoin?

There's a lot of new cryptocurrencies being launched and all of them are targeting to make it big. New Coins are quite risky but it's also quite cheap and volatile. Are you willing to risk your money on new coins?

Hey guys what do you think, would the price go up significantly before the year ends or would it rain sluggish or worst do you think it would go down? What do you think would its closing price be this year?

Are there any risks involved in Bitcoin investments? I mean, what's the downside? What's the worst thing that can ever happen? Could the price revert back to its minimum value?