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Some countries or government may not be able to use the decentralized cryptocurrency as the main money of the country. However, bitcoin and other cryptocurrency can quite go in parallel with such national money as it is done, let's say in Japan. To stake on decentralized state coins will not be, however they will be able to use their consumer qualities. Most likely, the states in their interstate mutual settlements will use only centralized cryptocurrency, which will be more stable. it is a decentralized cryptocurrency, and first of all bitcoin, need to be afraid to rise very high in its price, if they reach high price values, inevitably at some stage panic will begin and this cryptocurrency will fall, down to depreciation level totally.

The fact remains that, bitcoin can never die. Bitcoin was declared dead so many times. it was dead several times but still bitcoin is still kicking although it is weak as of this moment but it will rise again all we gonna do is wait,wait, and wait until we achievement is won. One can only keep holding.

Cryptocurrency as a tangible Asset that has a lot of values. Either once government recognize bitcoin as legal tender or when the market stabilizes and the value can be clearly measured then it will be cash or a cash equivalent. Being defined an asset is a win for crypto now, they are accepting the fact that it has value already worldwide.

With the level of awareness increasing on a daily basis, people are getting involve in this field with the help of bitcoin so no doubt that people will priority will accept Bitcoin payment instead of fiat because bitcoin is that option of payment where they will don't think about the another thing which are not helping them to make earnings , so surely they will give priority to the bitcoin to use. And here I am 100% sure that in the coming years, bitcoin will be an option for everyone to accept as a payment from one country to another country legally without any restriction.

commercial banks dont accept bitcoin for now, They trade/transact in government backed fiat currencies only. Although Bitcoin is a legal payment tender in some countries. Your traditional banks do not directly deal with Bitcoin. There might be some intermediary who convert Bitcoin to local currency and vice versa. But with time i see a development towards this.

It is preferred to use a hardware wallet, hackers are more interested in crypto exchanges: this allows you to access several accounts at once. That is why attacks on crypto-exchanges are more visible and cause resonance in the market. hacking electronic wallets is not so interesting, because it is difficult to hack them unlike web wallets.

This is not too good in this digital age, however, I suggest that know the reasons behind it and the current sitiation of bitcoin in your place in order to know the advantages and disadvantages that will help you to decide and make your move. I advice that you should think a lot of times on what you should do and visualize the possible effects of it on you either good or bad. however, the choice is now yours

It cannot die, it will rather improve as, Control and regulation will also come will alot of advatages like , it will bring about stablility in cryptocurrency and this will improve it tremendously as stability is much better than being volatility because we can now be confident on what we invest in and the likely profit.

It has a great and undisputed performance over the years. It is actually the benefits of the coin as a currency which are making people that much crazy. Because of that people are interested to adopt it and because of that adoption the price of bitcoin is increasing so the features of it and the price rise are making more and more people attracted to bitcoin and they are now crazy because of it.