Friends,
We all witnessed the horrific rally of bitcoin that made it do over 11 times in a period of less than a year, but few people on the telegram are spreading hoax as well as doing "false" cross promotions by creating misconceptions among users that bitcoin went to 8000 and will go down more. They are doing all this through their channels and this is one worst thing that could destroy the image of bitcoins in new investors' views as they don't know much about it and will probably not check out the real picture. I don't know why such channels are not banned on Telegram but I will try my best to report each and every group that does their cross promotion with such bullshit content.

What is Bitcoin mining?
Bitcoin mining requires a computer and a special program. Miners will use this program and a lot of computer resources to compete with other miners in solving complicated mathematical problems. About every ten minutes, they will try to solve a block that has the latest transaction data in it, using cryptographic hash functions.

What are Hash Functions?

A cryptographic hash function is an essentially one-way encryption without a key. It takes an input and returns a seemingly random, but fixed length hash value.
For example, if you use Movable Type’s SHA-256 Cryptographic Hash Algorithm:

Message: How does mining work?
Hash Value: 46550fef 26f87ddd 5e15407f 45a0b8d2 9513291c 4e0f0acc 24a974de 907a1569

If you change even one letter of the original input, a completely different hash value will be returned. This randomness makes it impossible to predict what the output will be.

Who Are Bitcoin Miners?

Initially, bitcoin miners were just cryptography enthusiasts. People who were interested in the project and used their spare computer power to validate the blockchain so that they could be rewarded with bitcoin. As the value of bitcoin has gone up, more people have seen mining as a potential business, investing in warehouses and hardware to mine as many bitcoin as possible.
These warehouses are generally set up in areas with low electricity prices, to further reduce their costs. With these economies of scale, it has made it more difficult for hobbyists to profit from Bitcoin mining, although there are still many who do it for fun.

Of course there are problems with Bitcoin and the ways of its operations. But that does not meanniy is a bubble or will soon come to an end or become a scam. In case you didn't know, cryptocurrency has come to stay. Bitcoin is the head of cryptocurrency. So, Bitcoin will continue to chart the way forward and will never be a bubble. We all believe that miners are.making a mess of what Bitcoin should be and what Satoshi stated out for it to achieve with their high fees. Bitcoin should be a peer-to-peer version of electronic cash with seamless flow of transactions. Transaction fees is killing the joy of Bitcoin now.

Something not bad to know is that there are from 17% to 23% of bitcoins that are gone for good according to chainanalys. It's about 2.7 to 4 millions bitcoins. http://fortune.com/2017/11/25/lost-bitcoins/
https://image.prntscr.com/image/oBtEhdjhTL_Z9R9Wc2pzSQ.png

It's a so huge number if you think about it would mean that once all the bitcoins are mined we will have about 6 million bitcoins lost forever. So if finally, we have fewer bitcoins circulating the value will go above the roof?

Actually today I watched a video on facebook which is about spending bitcoin and gold in USA,it says it is difficult to spend bitcoin but some places are accepting bitcoins accepting as payment like supermarket,restaurants and some institutions.But no one accepting gold as payment then why still people says gold is better?

Bitcoin trading these days has become so rucreative that I am tempted to quit my present job which is not giving me enough time to explore more out of bitcoin world...

What's your take on this, should I go ahead and quit?

Thanks

With BTC sooner or later within these days hitting the 10k mark (now around 9-10k) i cant help but wonder if one can buy BTC and still make a profit or should i just hold on to my ethereum and watch the market due to the fact that it can fall back

As per these trend , surely next year end this bitcoin will go 25000 USD.

what about your opinions?  and need to know due to forks this risen trend happens?

It is possible to reach $10,000 by the end of December 2017, if more investors come in the market and good news comes in like what happened in the previous months, it is possible. Regarding the Fork of December, there might be a probability that there would be a decrease in the value of bitcoin but it will surely go back to its former value. Right now, the value of bitcoin has been stable going up and this shows that there is a chance to reach that goal of $10,000. Just always remember to sell your coins before the dip starts and purchase when it's at its lowest point.

I cannot agree with your position that "most" governments resist to acknowledge bitcoin.  There are some but still there are many countries who supported bitcoin.  And many will turn to bitcoin when they see that bitcoin will help their people and their economy.  Time is needed for bitcoin to be well-known throughout the globe.