Bitcoin's rise last year meanwhile led to increasing amounts of interest in other digital currencies, such as ethereum, litecoin and ripple XRP - all of which have performed well recently - and more and more people are now looking to invest in digital currencies.

A fixed money supply, or a supply altered only in accord with objective and calculable criteria, is a necessary condition to a meaningful just price of money. In a centralized economy, currency is issued by a central bank at a rate that is supposed to match the growth of the amount of goods that are exchanged so that these goods can be traded with stable prices. The monetary base is controlled by a central bank. In the United States, the Fed increases the monetary base by issuing currency, increasing the amount banks have on reserve or by a process called Quantitative Easing.

In a fully decentralized monetary system, there is no central authority that regulates the monetary base. Instead, currency is created by the nodes of a peer-to-peer network. The Bitcoin generation algorithm defines, in advance, how currency will be created and at what rate. Any currency that is generated by a malicious user that does not follow the rules will be rejected by the network and thus is worthless.

Bitcoin has no such safety net. If your Bitcoins are lost or stolen, there's no intermediary with the power to make you whole. There are two basic ways to hold Bitcoins. You can participate in the Bitcoin network yourself, storing the keys to your Bitcoins in a wallet stored on your hard drive.

base on my research, Soon after law enforcement had taken down AlphaBay—one of the largest hidden markets with drugs, weapons, and stolen credit cards—earlier this month, the value of Bitcoin plummeted, as it does virtually every time a large cryptocurrency-based marketplace shuts down. Those who were following Bitcoin news sites and sources knew about the Alphabay takedown as soon as it happened, allowing them to make wise investments.

 base on my research, Is the bitcoin craze another in a series of history’s most infamous bubbles, or is it a genuine harbinger of a new global financial architecture? In spite of recent market turbulence, its champions see bitcoin (and its cryptocurrency peers) as an ideal market-generated solution as questions arise about the future viability of paper currencies in a global economy characterized by sky-high indebtedness and bloated government/central bank balance sheets. The enthusiasts behind cryptocurrencies produce debt clocks that relentlessly tick over to get us to believe that a Weimar–style hyperinflation is imminent. By creating an alternative store of value outside the control of easy-money-peddling central banks, and their corrupt Wall Street handmaidens, they assert that bitcoin offers a way out of this looming destruction of our savings.

Certainly one can appreciate the appeal of anything that purports to prevent an economic Armageddon. No less a figure than Frederick Hayek, the Austrian Nobel prize-winner known for his work on the theory of money and demigod of free-marketers, called for the elimination of state-controlled money and the abolition of “money-printing” central banks. He considered fiat currencies and the inflationists predominant in the post-gold-standard policy-making world as the root causes of destructive financial bubbles.

If bitcoin and its equivalents could deliver what its champions promise, what’s not to like? Even allowing for the recent gyrations, if you had bought $100 in bitcoin back in 2011, your investment would be worth millions today. But intuitively, it hardly seems believable that an instrument that bears many of the hallmarks of a classic speculative bubble realistically represents a cure for the ills described by Hayek. Having risen to a high of around $20,000 by mid-December, the price has recently fallen by almost half. The real question now seems to be whether this fall will have broader implications for the economy as a whole.

Bitcoin is the future of world, sooner or later all life related issues concern with bitcoin, government can delay its approval but cant ignorefor long time, its coming in our life with full fledged flow. The next bitcoin for payment transaction and totally fiat money closed.

It is a great news for Bitcoin mining

In their ages? I think they are not logging in at the same time because they have their own schedules, different social life, and different moods on what time they want to access their btc

I'm wishing that Bitcoin will never come down. Because the Bitcoin is the only one who can help to have money even though I'm just a student. And also, I'm wishing that the price of Bitcoin will not be down.

Bitcoin mining is not costly actually because it is unlimited. Cost of mining is high? Of course cost of profit is high too.

Bitcoin will be more risk for bank and could be again with bank, but until now bank given way for deposit money to buy bitcoin or invest on altcoin. Some day when many people using bitcoin bank will think one more time for allowed deposit money by bank. why not, everything is possible under the sun we see now. Looking at the trend that bitcoin is going it is likely to accepted in banks. It is a matter of time and change. Although it will not happen over night, since change is a gradual process.

Actually there are another year that bitcoin price was dropping. 2014 is one of them.
In 2014, many peoples may thought that year is the end of bitcoin. Bitcoin has gone through bad days and even worse in 2014 since it was introduced by 2009 .People thought that year is the end of Bitcoin but the reality is that Bitcoin still exists and is still growing .

Base on my research, role of bitcoin international banks. Block chaim is one of the fascinating concept of bitcoin and this is bound to affect an industry that has often been known fornits age old operations and legacy record keeping. Bitcoin is a fancy bank as it can reflect the word of a client, creditworthiness client and prevent double transactions.

Base on my research, if you look at the currency it is difficult for an average person to understand it because it is different. Bitcoin is very volatile and you have to abalyze the market very carefully. Bitcoin is difficult to understand becauseit increases erratic fluctuation at a certain price

In my experience, I have not yet experienced phone scams basically because I am one of those who anonymously use bitcoin and noone knows that I invest in it and use it except from my closest friends. Also, I do not entertain bitcoin transactions thru phone because it is not safe and you do nit know for sure who is on the other line. But I believe that scams do happen because some people gives so much trust in this world full of opportunistic people. Bottomlin, do not transact thru phone and research first before investing especially in cryptocurrency market.

I think bitcoin has a conpetition but these conpetitors are not matched with the strength of bitcoin because bitcoin still is number 1. There are challenges that bitcoin face but it overcome and still remains as the bitcoin with highest price. Also it is the most famous. For the next 10 years, bitcoin will continue to lead and dominate the crypto world.

Women leading causes lots of issues because se men have huge ego that they do not want women to lead. But actually, women leading gives different flavor to what is the usual. In bitcoin, I think many women like me are joining bitcoin to have a good future by investing. However, I also believe that whatever gender or sex you are, one can lead.

The essence of bitcoin’s anonimity and decentralization will be lost if that is the case. Bitcoin users prefer that their account in bitcoin is anonymous without an owner’s name but if you count it as an asset then the bitxoin address will be known and will be identified as owners. When bitcoin will count as an asset then you must pay a tax to the government which is totally not a characteristic of bitcoin.

The game is not yet over, it is just starting. Yes some people buy when price dips and sell before the bubble bursts, but that’s how bitcoin works, its just a cycle. However, the price decrease today is just one of those bitcoin experiences before and price will still increase and climb up more. There are a lot of news that bitcoin is dead but it is still surviving until this day.

I think one of the ways to protect ohr bitcoin is to have a unique password that is difficult to guess. It is an individual responsibility. Also, bitcoin algorithms are difficult to hack. But on the other hand, this is a digital world and safety of our virtual account is hard to guarantee. The good thing about bitcoin is that it is discreet and anonymous and wealthy people’s account are not known.