As we all can see right now, bitcoin is already conquering everyone's life specially in terms of their financial aspects. Bitcoin has risen from the bottom to the top wherein it is like telling the world it's capability to become the world's future currency which they will surely end up using as time passes by and as innovations keep on going from time to time.

Bitcoin mining requires high speed computers and efficient hardwares. Mostly it can cost from few hundred to thousand dollars. Bitcoin by default will make mining a difficult task with time (though miners can earn via transaction fees).

If you have enough time and money to invest in Bitcoins then go for mining otherwise buying Bitcoins is more easy.

I honestly don’t know who will do that? If bitcoin was run by one individual then I could see this happening, but it’s decentralized so who is going to advertise it? And, how it is going to benefit any individual? So, it clearly is not happening UNLESS government gets involved. But yes, I think this might be solid option for upcoming ICOs because they could gain attention. Right now, I have invested in Upfiring, so advertisement as such for them will be great not for something like Bitcoin or even Ethereum.

Well, Bitcoin really isn't illegal.. It's a form of money and for most people who don't really give much of a crap to analyse it that way:
a way to process payments.. It should even be more beneficial to accept more ways, especially since you could easily do that and eliminate the middle man
and get more money in the process.

Good luck, I'm following your developments!

I think, Bitcoin has the potential to reduce unemployment. Unfortunatly so far no real Bitcoin based economy has been developed that would actually give people some true and lasting business oportunities. There si someting here and something there... some business people accept BTC as payment but any real work oportunities for the general population have not been put out yet.

On a second not most Governments probably wouldn't want that to happen anyways, because with bitcoin they have no way of checking on you in regards to taxes.

In some countries, there are Capital controls and other obstacles to use my money as I want and when I want.  Bitcoin lets me to take back the control of MY money. Because if I cannot use the money as I like, it's not my money anymore.

I don’t think so.
Consider the following:
Bitcoins market cap is still low when compared to traditional exchanges. This, to me, signifies a lot of growth potential.
Bitcoin can’t be shut down due to being decentralized. If any country outlaws it, there’ll always be another country to embrace it. US cracks down on market? China embraces it. You get the idea.
Bitcoin is an awesome way to store wealth. It’s secure (if you are smart), relatively easy to use. Even if it won’t become a commonly used currency, it’ll always be there as digital gold.
As common as it is, only an estimated 10–20 million people today use crypto. There’s several billion in the world. You can imagine how much

It can indeed! If your bank wants to upgrade their infrastructure to integrate blockchain - and you continue to use your bank’s services - then you indirectly add to the success of blockchain. Bitcoin continues to enjoy the tag of blockchain’s only successful application, but the initial outcomes of latest projects have proven that blockchains can be integrated as private ledgers to improve company’s record keeping and transaction speeds.

However, the private blockchains will be nothing but a close equivalent to private databases. Bitcoin, on the other hand, will always enjoy the perks of being decentralised. I’m sure that people would want to stay attached to an independent economy.

Blockchain can survive without Bitcoin; it cannot beat it.

Is this a problem?

Not at all, if it becomes unprofitable people just turn the kit off, the difficulty gets slightly easier as less people are mining so equilibrium is restored.

Basically if everyone on earth stopped mining, then 1 person could be the only miner and it would be very easy to mine. The system works itself out naturally. There is no need to fear about miners stopping.

Well media is controlled by the government and governments don't want for bitcoin to be successful because it will cause a lot of problems for them, and make people use instead of fiat, apart from that all the economist never really invested in bitcoin because it is not regulated, so whenever they are asked about bitcoin they say it is a bubble and it will go down eventually, because it is in their favor if bitcoin fails, they didn't invest in bitcoin and so right now they regret it and want to see it go down.

First, be careful: old people are easily startled and can behave unpredictably

Offer him a warm bowl of Metamucil, and invite him to share stories of how little things cost in the past compared to today

When he is warmed up, that's the time to reveal that there is an anonymous world benefactor with a Japanese pseudonym who is bent on replacing all the worlds gold and cash with virtual digital tokens you must have an Internet capable computer to utilize

Btw keep emergency services and a defibrillator on standby

I think bitcoin will be used forever, and probably will grow. use of which has many advantages compared to the other will make bitcoin be better, and will be used as laternatif payments in the future, I believe bitcoin will be increasingly important as the current dollar in the future, and the price will certainly be high and stable

As the past evidence, it will touch the sky. But if we ll look at the current scenario this year, from aug till now it has gone up nearly 3500 $.
Technically it is overbought and its very clear that before giving a new high it will retract to at least 38% as per Fibonacci (a technical analysis tool). Always remember the golden rule : buy lower and sell higher Investing in bit coin still a very good idea and it may touch very high very soon. But wait for it to retract, come down and that would be the best time to invest. It is my own opinion, plz do your own analysis before investing.

Obviously every answer is all guesses.

But based on current growth, and the likelihood of Wall St starting to directly buy Bitcoin next year, I’d say roughly $50k in on year (+/- $10k), well over $100k in 5 years, and in 10 years hmm well if Bitcoin succeeds in becoming a global banking and payment system then it could be over $500k possibly.

First of all, the value of Bitcoin is only as strong as the trust that the Bitcoin community places in it, which means it holds an intrinsic value and not a real value such as gold, silver or land. Those commodities will always hold value, and can be traded no matter what happens in the world. If someone were to pull the plug on our power grid, bitcoin would literally become absolutely worthless in an instant. So would paper currencies however, so their existence has actually provided precedence for the creation of the new digital currency.

you can store your bits in electrum wallet for ease of use. it is believed to be a very secured type of wallet. you can also keep your bits in hardware wallet and keep it at a safe place so that it wont break. but personally, i think that some hardware wallets are expensive, so if your computer is free from malwares then you can store your bits in electrum wallet without any fear of loosing your coins unless you dont download any virus in your pc in the future. just my 2 cents!

Sometimes I ask shopkeepers and owners if they would accept it. Mostly blank stares and questions, so have good answers ready, and keep planting seeds.
The ones who "know" what bitcoin is have mostly been brainwashed against it. Kind of sad. I don't waste much time with those. Just let them be right and agree with them.

Ok, first of all, that's not how economy works.You can't just make "something" out of nothing(in this case cryptocurrency) and give it to everybody and they will all be good and well. Every "cryptocurrency" that you create has a USD translatation (which means that its value is expressible in USD) therefore has an equal good in the physical world. Long story short, every satoshi has to have an equivalent into something that ppl use(primary food, water etc etc), that's because ppl don't eat satoshi or cryptocurrency. It's way more complex, but that's a summary.

You can use Bitcoin as a currency; purchase goods, transact with anyone for anything, basically the same way you use fiat currencies today.
Bitcoin is also used as a investment vehicle, as many speculators believe bitcoin will continue to grow in value thus making it a good albeit risky investment.Bitcoin is also being used to create digital assets on the blockchain. This is done through some third-party open source software such as counterparty and colored coins, to name a few.

That's not possible, as it would require for there to be no person willing to purchase any. There are a lot of hardcore bitcoin supporters who will support it to the end of days.