10 years is a very big time, I think that in the next 5 years the entire world will use bitcoin as their regular currency and all the dealings will be in bitcoin. All the shopping will be online and bitcoin will be the only acceptable currency all over the world. May the governments also legalize bitcoin and there will be no country that will not accept bitcoin. Big companies have already started accepting bitcoin.

There is actually no time that is late to come into the Cryptocurrency world. The market is open for everyone and the major thing to avoid is being greedy - greediness cause losses most of the time. Even if the person can't go into it fully, buying it for the children won't be a bad idea. Settling down after retirement in to the Cryptocurrency market is good too and will definitely keep the business at bay. I also want to say, not good to put in all his /her savings into; you start bit by bit and build from there.

Bitcoin on its own exactly didn't make any one rich. The people who invested in the markets did. Technically, people got rich were only because other who were buying bitcoin at a higher price, and people who bought at less became rich. So good for rich people, bad for people who bought at a higher price? Not exactly, pump groups buy at a higher price than the prevailing market price, getting rich is an objective in the long run for  a lot of people than in the short run.

I understand that falling price makes us quite worried about our investment but investing or trading is to overcome those kinds of fear. In bitcoin, we have that guarantee that its value will continuously go well because of the rising demand for this. Therefore, in times that its price goes fall, then we shouldn't be in panic instead take this as an opportunity to but more coins for future earning.

I think if your child is immature, it's better not to be told about bitcoin, but just tell your wife. Later if your child is old and can understand about bitcoin then you can tell your child about the bitcoin you have, so if there is a sudden thing you need for your child then you use bitcoin.

Well,obviously they are poor. They might not know how bitcoin works but convert bitcoin to cash and donate or do random act of kindness that would really of great gelp to the needy and will surely put smiles on their lips. Bitcoin has been helpibg a lot of people already, let's have some time to share our blessings.

Bitcoin is something radically new. Nothing like Bitcoin has been possible until now. I would go so far as to consider it sui generis; "in its own class".  This makes it important to understand what Bitcoin actually is before we try to describe it to others.

We're getting a good handle on the code, and of course on Bitcoin's function and utility, but what words should we use to describe Bitcoin itself? There has been some debate in other threads [mostly my doing] over how it is like/not like money, cash, dollars, etc. I'd like to start this thread by focusing on the term "money", and play Devil's avocate by asking for your best arguments that Bitcoin IS money.

My legal dictionary states "In usual and ordinary acceptation it [money] means gold, silver, or paper money, used as circulating medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate." [cites omitted]

Wikipedia says "Money is any object that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment." [cited omitted]

Webster's Online Dictionary defines money as:

• 1. The most common medium of exchange; functions as legal tender; "we tried to collect the money he owed us".
• 2. Wealth reckoned in terms of money; "all his money is in real estate".
• 3. The official currency issued by a government or national bank; "he changed his money into francs".
• 4. A piece of metal, as gold, silver, copper, etc., coined, or stamped, and issued by the sovereign authority as a medium of exchange in financial transactions between citizens and with government; also, any number of such pieces; coin.
• 5. Any written or stamped promise, certificate, or order, as a government note, a bank note, a certificate of deposit, etc., which is payable in standard coined money and is lawfully current in lieu of it; in a comprehensive sense, any currency usually and lawfully employed in buying and selling.
• 6. In general, wealth; property; as, he has much money in land, or in stocks; to make, or lose, money.

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I maintain that per these definitions, Bitcoin cannot possibly be described as "money". And further, I think that those who do describe Bitcoin as "money" are doing this community a disservice.

But that is just my point of view. Are there any that can convincingly argue otherwise, that Bitcoin IS money?

I think it is a unique thing to do. In my country there is an exchange that features voucher, with voucher we can give gift easily. even the service can make us directly convert to local currency. Maybe in some countries it also exists, but I think I am lucky because Bitcoin can be freely used in my place.