Earlier everyone ignored Cryptocurrencies because they weren't really bigger a phenomenon and not backed by any central authority. Nobody saw any future out of it. But now with more than $ 100 billion marketcap, cryptocurrency have an important part in financial landscape that can't be easily ignored. Today, from banks to government everyone understands the potential of cryptocurrencies and many are scared of this Decentralised monetary system. This fear shows that cryptocurrencies have enough potential to effect these central authorities and hence means they are here to stay.

With increase in adoption and trust, it is quite clear that cryptocurrencies are not going anywhere. Soon more people will join the tribe.

There is a lot of potential for Bitcoin and other altcoins to become something absolutely massive within the world economy, and by the looks of it, the things that are happening in Asia, specifically Japan, with regards to the technology may be a significant tell of what's to come in the future. Japan just legalized Bitcoin and it hit 46% trading volume within just a few weeks of that happening - that's huge. With the fork having gone through and the technology getting back to where it was; low fees, fast time and small queues, the future looks incredibly bright. I'm interested to see where it goes in the next few years, out to the end of the decade. A lot of things might be changing, and those things are all very important.

Cryptocurrencies will be here to stay, it's just the beginning. We don't know when it is going to be obsolete technology. In a hundred years, if this world will survive, though there would be upgrades, some cryptocurrencies we have today will be still in use.

You forgot to mention Deepweb. Most people that I know have a bad perception on bitcoin. They think of bitcoin the same as the darkweb. They only think that is is just used for illegal crime and activities.

The biggest misconception that i know about cryptocurrency is the people think that bitcoin or cryptocurrencies are scam because it is only online and they are not convinced for the possible fast profits because they think that we are scamming other people to just earn money while they didn't know that it is the result of our hard work and determination to do our job pretty good in order to get some bitcoin that will be converted into fiat.

Exactly. We hear more of a bad than good about bitcoins. With all these bad news around us, we cannot blame people thinking more negative about this crypto currency.

But if hackers want to make their deals in bitcoins then it proves bitcoins a worthy asset. Darknet uses it because it gives them anonymity. The usage of anything is totally everyone's independent choice. Sadly, we live in a bad world fellow!

One thing that really bugs me is when people associate exchanges with bitcoin itself. An example is when Mt. Gox got hacked and people lost their crypto that was being stored on Mt. Gox. This caused those who do not know about the difference between exchanges and private keys to assume that "bitcoin got hacked."

My ongoing line is to say that holding bitcoin in an exchange is like holding money in a bank account, while holding bitcoin on a private key is like taking money out of a bank account and storing it under your bed (or some other safe area, assuming under your bed is safe). Basically - if the bank gets robbed then your personal money is with you under your bed. Much like bitcoin, in that if an exchange is hacked then you have your bitcoin on a private key.

I know this is an incredibly simplified version - banks have insurance, central record keeping, no armed robber could acquire all the money in a bank in one heist, etc. etc. etc. - but it illustrates the point that holding your private keys gives you complete control over your crypto. Therefore, no exchange "is bitcoin".

There specifically are generally many misconceptions about cryptocurrencies in a major way. Some people kind of know that there is just 1 crypto, bitcoin to for the most part be precise, sometimes they specifically say it really is easily earned, used for illegal transactions and particularly many more, or so they thought. What this implies generally is the more misconception definitely grow from person to person. The reputation of cryptocurrency will decrease thus, making it less popular and won''t definitely be able to attract investors on its really run in a actually big way.

Yes people tend to ignore cryptocurrency and bitcoin before they think that it's just a currency that in due time will die and leave the market...now that it is growing and continue to have a higher value people are now looking for bitcoin and how they can earn from it. The opportunity unlocks in cryptocurrency has been getting popular and the demand starting to rise as the value also appreciate.