Alania

Many people say the price will rise, but I personally assume that it can fall as well. I guess we'll see eventually, hopefully some time soon.

It's a way too expensive effort, let's be honest. You first gotta have multiple processors and a PC to sustain it, then pay for the huge bills. Eventually hope for the BTC to rise, because if not, you have wasted a lot of money.

By the way, it might be hard for a person to become familiar with cryptocurrency because for example BTC offers to choose a certain wallet at the start and it's kinda confusing how to pick the right one (that's where it has lost me at first).

You gotta have a decent PC in order to mine any cryptocurrency, though it obviously varies. I personally think it might come off as a very expensive investment not worth doing...

If not purely for the benefit of owning a cryptocurrency and speculating, then because it might come in handy in the future. The value might increase greatly.

You should use Bitcoin, if not for the ability to do some money earning schemes, then for pure profit. Buy it when it's cheap, and sell it when it's expensive. My father started to do it, and he says he makes a sufficient amount of income, apart from his Pizza business in Prague (Czech).

To be honest with you, I don't "pollute" my mind with any other cryptocurrency except BTC, because I personally believe it's the most trusted one and safest. Apart from it having a potential to outlast all the others.

The question is, however, how secured is Bitcoin? I personally never heard of huge thefts going on with this cryptocurrency, but others seemed to experience such unpleasant cases.

Fork schemes can be applied anywhere, really. I have a friend who uses different exchangers to gain profit from cryptocurrency, USD and BTC. For example, he fills his bank account with 1000$ USD, converts to national currency, and then sends it to an exchangers. He eventually receives around 1050$. Weird, huh? He does the same with BTC.

In theory it's possible, even though I wouldn't like it to happen. I always thought Bitcoin to be the most sufficient and strong cryptocurrency with a legendary fame. I would've thought it would outlast anything else.

It's a shame how the governments and banks can really get their hands into anything, if it comes to it. I really hope measured would be taken, and us regular humans would have our own currency to deal with. I like the whole concept behind BTC and etc, but doing barters on items and exchanging gold could be sufficient enough to avoid dealing with nationalized currencies. People in Ukraine, for example, barely hold any Hryvnias because of the lack of trust between the people and the government. My friend from Kyiv has gold, BTC and USD.

To be honest, probably none. BTC is the most famous, trust worthy, and popular one. Other cryptocurrencies are shadowed by the fame of Bitcoin, and right now not many people know about others, which are numerous.

In theory I would like cryptocurrencies taking the next step in our lives, such as being able to pay with them in the market and etc, but we all know it's highly unlikely. They're too unstable right now. Imagine a shop accepting 4000$ worth of BTC and eventually overnight realizing that it has dropped to 2000$...

I don't think real paper money will disappear, heck even gold didn't, and it's still very valuable, but overall BTC and cryptocurrency will have indeed an important role to play in our lives and worldly economy. I think by 2050 the societies will tolerate BTC and other cryptocurrencies on a more trusted level.

I think it shouldn't be! God forbin! Cryptocurrencies and BTC in particular have risen to change the world economy, the corrupt and monitored by governments and banks. If anyone would tax BTC, then it would be doom. I hope no one would have such idea.

Nothing is safe in this world, but as to regard the risks Bitcoin has then it honestly depends on the one solid fact: spend what you can afford to lose! That policy applies almost to anything. Bitcoin could be a smart investment, even if it falls then it will rise again. Unlike other cryptocurrencies, Bitcoin is the most secure and stable one.

But the way Bitcoin has appeared randomly is so weird, someone who is behind it must be either a very rich and independent person, or someone connected to the government. Perhaps indeed in the West, though I still think it's someone from Japan.

It's highly unlikely, because the whole point of cryptocurrency is to avoid getting any monopoly on itself, but anything is possible with the economical "hosts" of our world. They will probably monitor virtual purses.

I didn't invest much at Bitcoin, around $1000 worth, but still, would be ashame. It's 1/5 of my yearly savings. Bitcoin won't crash though, it's the best cryptocurrency out there.

In theory anything is possible, especially if some other cryptocurrency takes its' place, but that's unlikely. As I keep telling people, nothing out there will beat Bitcoin. I believe we can expect a steady growth.

I highly doubt it. The entire world knows about BTC, but only few know about other cryptocurrencies, like ethereum, dashcoin, litecoin, ripple and etc. If you want my honest opinion, all the other cryptocurrency will die out sadly, and only BTC will eventually remain as the one most popular and sustainable.

To be honest with you, I have never heard of it before. Could you give me an article or two? Perhaps the name of that coin? If these news are true, then indeed our century will be heading to a new era of cryptocurrency. Because if you know that China has entered the game, then things will get messy, haha.

I'm not surprised. China is a huge and important country in the world, with an economy and geopolitics of their own. I think that coin has a great prospect, because we all know how China has been beating the whole world in terms of economy, and their own coin would be a huge blow as well.

Cryptocurrency is indeed growing, but most of the people have heard only about Bitcoin, as far as I'm aware (adults mostly). Other cryptocurrency are barely known. So basically if a store would accept cryptocurrency in theory, then it would probably be only BTC.

Holy cow! I wonder how does he feels right now? I mean that's a whole amount of money. I would deliver him 100 pizzas for that sum, haha!