Learn opinion and future ofBitcoin

Bitcoin, or more generally cryptocurrency, is an important advancement and potentially massively disruptive, in ways that can't now be predicted, much like how the impacts of the internet couldn't have been accurately predicted.

I think it's a really important shift in the power balance, shifting some power from a corrupt government and financial sector. It comes at a time when change is needed.

Be careful also of people who tell you that it will solve all the worlds ills.  I actually find the disruptive potential of the currency quite overwhelming, but that's why I choose to engage with it in my business Coin Forest, rather than ignoring

Like so many technologies, it enable both generosity and malice.  There is a massive black market served with bitcoin, but there is also tremendous culture of generosity within bitcoin.

It's this generosity that I choose to focus on, and hope to encourage.
This is a micropayment, and it's a very interesting possibility, for which the ramifications aren't clear. Normally, any online transaction less than about $5 isn't worth the effort of entering your credit card information.

But the ease of sending a bitcoin, of any amount as low as 10^-8 BTC, let you send small tips.

I would recommend you to visit : http://www.coinopinions.com/

 Sending 10 cents worth of bitcoin is an insignificant amount of money, but the effort to do so is just high enough to indicate a real interest.

See, now that's not something one can do with dollars.

Answered by John Jeffrey Mardlin

The real facts about Bitcoin is hidden from us. I will try me best to revel some real facts of Bitcoin. I think, by knowing those facts you can easily find out whether you should invest in bitcoin for long term or not.

No one regulate Bitcoin and no one can control it. Any one can create an artificial market crisis and the Bitcoin price can rise. We all know Gold have price because there is demand. In a similar way, If there are Bitcoin crisis in the market then Bitcoin price will rise.

But if some one buys and hold Bitcoin in his wallet in a huge amount( nearly 1 hundred thousand million dollar of Bitcoin) then there will be an Bitcoin crisis in the market. The demand will be more than the available bitcoin in the market. The price will rise sharply. The same thing is going no now so Bitcoin price is rising.

Now if the price did not rise sharply then miners will not be interested in mining as it will give them a loss. This will happen because there will be higher difficulties in mining which will increase the production cost of Bitcoin. But as the Bitcoin market price is down no one will be interested in mining. And in this case Bitcoin will take more time to get one confirmation or it will be never confirmed. People need to give more mining fees. And one day may come when the mining fees may be more than money exchange and bank transfer fees.Finally the same problem returns.

Bitcoin exchanges not secure 100%. If we see our past we will find several hacking also took place in Bitcoin exchanges. The network which is very secure however encountered a situation where reuse of same random number caused private key to be calculated using basic mathematics.

Bitcoin can come to to zero if there is no demand one day. And that day Bitcoin mining will be a waste of time and energy.

I think the dark side of Bitcoin has started as we are giving 0.25 usd minimum mining fees where as previously we need to pay only 0.05 usd as Bitcoin mining fees. Bitcoin mining is less profitable comparing other altcoin mining. There is a 10 % decrease in Bitcoin mining among people in last three months.

Answered by John AzarRuffel