Bitcoin Forum

The Cryptographic Winds of Change
by Bharath Rao

A little over a hundred years ago, the claim that a metal tube with stationary wings could fly halfway around the world would have been called a fraud by many. Yet the Wright brothers took the first step to make this seemingly impossible idea a reality.

Several weeks ago, Jamie Dimon made a big splash and ruffled some feathers by pronouncing Bitcoin “a fraud.” The reality, however, is that Bitcoin has an immense value proposition: Indeed, cryptocurrency will revolutionize the world order as much as, if not more than, air travel did nearly a century ago.

There are a number of passionate opinions on the cryptocurrency ecosystem. Bitcoin in particular has been dismissed as a fraud and a Ponzi scheme, while at the same time lauded as the greatest financial invention in the last century. Its past association with dark markets and the high volatility of the exchange rates intrigues and mystifies the general public as to the nature and possibilities of cryptocurrencies, as well as the risks.

While Bitcoin’s value has been volatile, in general it has risen steadily. Bitcoin old timers know that there are a lot of people who hold most of their wealth strictly in crypto. When there is weakness in price, they look at it as an opportunity to convert more of their holdings away from fiat.

The legacy market participants struggle to understand why this is so. What gives confidence to bitcoin holders to ride out a 70% down move without breaking a sweat? Why do most people in crypto prefer to invest in the wild west of ICOs instead of the regulated stable legacy markets?

The answer is simply that the crypto-economy has a far greater value proposition than any legacy market. The ability of a third party to delay, censor, or monitor your transactions is a risk, and removal of any risk is an automatic increase in confidence. Risk is also a form of cost and the crypto ecosystem by that definition is always cheaper, safer, and more efficient.

Anyone who understands this value proposition understands the value differential between the legacy and crypto ecosystem is not just large, but precipitously large, which results in an unprecedented economic pressure that will rapidly move capital from legacy systems to cryptosystem. For now, this is slowed by the rather cumbersome UX of using crypto. Once that’s addressed, the dam will break.

Builders of economic systems in crypto have been the winners since 2009 in fortune and their stature among their peers. The early adopters of this new economy will continue to reap rich rewards as it further develops and matures.

http://paymentsjournal.com/cryptographic-winds-change/

I don't think bitcoins are an economy by itself. If you say economy it is something that is produced and consumed by the people.
In bitcoins there is only a medium of exchange, nothing else. There is no economy to speak of here. The only thing bitcoins would
be in an economy is a way to pay for stuff, but it can't produce stuff, nothing goes around.

                Bitcoin has been running well before. The development of the times is not just cripto money developing for the first course of the economy is a form of efforts of all people who produce the basic needs of all societies. Not only the weak but rich people fit the economy well.

Things that can improve once the economic needs can all be helped if understanding Bitcoin money, must know how to do to earn Bitcoin money. If the economy does not change after a lot of profit from cripto money so still trying not to be the wrong person using cripto money. Choosing only always complicates things.

It’s true there is no doubt that bitcoin is new in this market it have almost nine years in market but I will tell you that bitcoin in a very short time achieved a lot of its goals and target and I’m sure that in coming time bitcoin will achieve some more of its goals because if we see the performance of bitcoin so in these years bitcoin reached to many countries and its users are also very high and it also replaced some other crypto from market and still its users are going to increased.

Yep, bitcoin isn't even close to being an economy, it's not even really a currency yet. As you mentioned bitcoin can be used as a medium for exchange and that's really all right now. Cryptocurrency as a whole can not even be considered an economy, an ecosystem perhaps but not an economy.

There is an ongoing economy in bitcoin right now most of the money is used to buy virtual goods in the form of other crypto, but there are people using their bitcoin to buy physical products but this aspect is not going very strong since the fees are not the best for this kind of activity.

whatever the reason they say I think for now is bitcoin is a new breakthrough in economic problems and of course as I feel today bitcoin has helped a lot in my life in real world. and for now bitcoin is a form of investment that has the highest asset value when compared with other forms of investment and bitcoin has become a magnet for investors who want to store assets of wealth. so any of their assumptions about bitcoin personally I just think that bitcoin already has a positive role in the economy.

Bitcoin will produce more changes in politics than in economy: with the possibility to bypass the controls of governments and central bank, bitcoin is igniting a real revolution

I agree. Cryptocurrency are so different that nobody really understand how big will be the changes.

Bitcoin will produce a lot of changes only if governments won't find a way to control it: they are already trying to  put any kind of blocks and rules.
So, we'll see what it's going to happen

Bitcoin has actually prove to be the future of money. The earlier we accept this reality the better it would be for us. I think one should have been holding Bitcoin since 2009 if we could have understood that Bitcoin is going to be were it is today.Now still provide the best time for one to buy Bitcoin and hold for the next 5 to ten years and make good fortune in future. I have tried to keep some of my holding but most sell out of panic.

The cryptocurrency market is being formed. He is still quite small for large investors.The cryptocurrency market is still developing enthusiasts.States are trying to smoothly regulate the market cryptoeconomy. As soon as there come to large institutional investors the exchange rate of the cryptocurrency will grow.

Well bitcoin is been running for many years and i have been using bitcoin for past five years and i am quite satisfied with it. Well, to be honest, you can't say bitcoin an economy and nor you can prove it as a money i just give it a term called virtual cash or exchange. For being an economy bitcoin has to undergo many changes and there has to a centralized governing body over the bitcoin and the bitcoin had already achieved many goals in the past few years and soon it will achieve the legal crypto benchmark from many top-tier countries soon.

Yes I also agree that Bitcoin, and more specifically the blockchain technology, has proven itself as the future medium of how we exchange value between consumers.  The earlier we understand how it works and properly safeguard our investments the better we are as early adopters.  It looks like many companies are starting to look into how to harness this new technology for their businesses as well.  Exciting times. 

This is a great idea. Bitcoin is creating a new payment system for the whole world and this is bringing a whole new look of cryptocurrency and especially bitcoin. I believe this is just the beginning of bitcoin and the crytocurrency market and the future of true growth are on the way and let's take the opportunity today.

Bitcoin, or rather cryptocurrency to be more broad, is definetely the new economy. May not have been implemented as widely as needed yet but it is surely the future of economy undoubtedly.
Bitcoin have created paths for other digital currencies to come in the circulation. The added superiority over paper money makes it even better. No wonders if in future governments generate their own cryptocurrency and digitaly regulate it. They might not take up on bitcoin but the window is so wide for the digital money idea that new and new currencies are emerging and will also come in future with much better interface and overall smoothness in transactions which will definetely boost economy and make it more robust, and flaw free.

I agree with your opinion. Bitcoin is a medium of exchanges, an advance way of sending payments and storage of assets. It is not anymore economy but new way that our economy adapts. I believe that bitcoin helps our economy to develop and to become more advance in the near future. However, there are struggling times before bitcoin reach its stability and maintain the economic success of the world.

I think the same, it's just a beginning of something absolutely new and it will change the way we treat money, buy goods, control money loans and the whole way of our life. I give it 10 years total

Any technology that are given wings will prosper in the long run. Bitcoin being decentralized and virtually impossible to stop,

made it easier for people to adopt it in the beginning. {No barrier to entry} Most of the barriers came much later when the

governments got involved with 3rd party regulations. {KYC/AML regulations} ...We should just keep with the basics and

avoid these 3rd party service providers.  ;)

I believe so too.. I think 2018 will not end without this happening. Bitcoin's value will skyrocket exponentially with the launch of the lightning network.

Yet there are still a lot of people trying to pull down Bitcoin and doubt its capabilities, There's still more to come about BTC and crypto currency.

Indeed. With many positive things there comes the negative side of bitcoin economy too. I mean there has to be negative otherwise things will never balance up each other. Thats really mythical thing to think about. Lolz!

Well, bitcoin is underdeveloped yes I agree completely on that and no there won't be much development real soon because we are not taking the thing very seriously. Whatever it is, is all about the new features development so that bitcoin can will be able to match up the pace of today's lightening fast network where there are thousands of transactions are done on swift technology and confirmed with fraction of seconds.

So may be its true that bitcoin is lacking a lot of things and its not the real thing yet.

When we say economy there is a producer who produced the goods or stuff and consumer that consumed it.  In bitcoin it could not be called as an economy because we only consumed no one could produced. There is only an exchange of rate, selling and buying. We can used bitcoin in reloading, paying our bills and other.

The lightening network is exactly what this market needs right now for the price to rise and for us to go into the next bull market. The market has so much more to do and as OP said we are just at the beginning of it, we are the early birds which means we will make the most, once that lightening network goes into effect there will be a price hike which might trigger the next bull market.

Yes, bitcoin and crypto as a whole is still considered in its infancy stage its been what less than 10 years since bitcoin was release so it is still fairly young compare to other well established assets out there.

I agree that LN (Lightning Network) will be a good trigger to reignite the ecosystem again. I'm pretty sure that everyone is waiting for the launch day of LN and then we will see its full potential for used thus resulting in the market getting into a range of like $15K-$20K or maybe breaking all-time-highs again.

It might be the new economy if the whole world recognizes it as a real currency. Yet, there are many factors that are not allowing it to achieve that goal. Added to that, yes, indeed, it is only the new beginning as there are many people who still do not know about bitcoin, not to mention that it is encountering many obstacles that are the result of the drop of the price. I am for bitcoin as the economy system because I believe that it was created to fight against the corrupted governments.

Yes of course people would rather invest some of their money to buy coins and earn a fortune later, bitcoin is indeed because this new economy can be called a new economy because most people who depend on their bitcoin economy that means a lot of enough help about the economy, bitcoin will grow if this continues in the future where new people will adopt bitcoin. I think it will be a more mature bitcoin, and many souls are successful in it.

Bitcoin has been going since 2009 and we have been going with it since 9 year. We have seen its benefit that can be less and more or huge but also we have seen a lot of users who come to the market without knowledge of Bitcoin and lose their wealth. We are not late and should start and continue to buy and invest in a market like today’s market is a gift from god.

I do not think that Bitcoin itself can be considered as an economy.
Though we can say that it had come a long way, we can say that it is still underdeveloped and wish that it will be further be improved for convenience and security.

Yes, bitkoyn is not an economy and even close to it does not fit, it's not even a currency. At the moment, bitcoin can be used by means of exchange. And this is normal. Crypto currency can not be considered an economy.

See bitcoin is just a baby and has the ability to develop its technology in many sectors to improve the standards of our Economy but Bitcoin itself is not Economy. Still, there is the long way to go because only a few countries and companies are showing interest towards this new economic technology.

Maybe what op wanna say here is instead of bitcoin,its the cryptocurrency is the economy..this imore accurate to mean because all crypto has their own market and services offered thats why it will considered as economy

Bitcoin is the new economy which has changed  the entire global concept about  the economy. Even though bitcoin has started in the year 2009 it is still in the infant stage because by considering the entire world community a very few percentage of people only knows about the bitcoin and its usage . it means if the half population in the world are  in a position to use bitcoin the volume  of its usage will be triple the current one and its price also will hike accordingly. So we can say that bitcoin is its beginning stage now.

Bitcoin is not an economy. Bitcoin is a currency. The currency is the blood of the economy. Creating a crypto currency is only the first step towards building our independent crypto economy. I believe that. But there is still a lot to do.

I think that while bitcoin has only a huge growth potential (and I do not mean the cost of the coin). And the most important thing is not yet set the general direction of development. It is possible that bitcoin will become the new gold standard. The market has just begun its journey and it is unclear exactly where it will lead.

Yeah we can say bitcoin was kinda economy,  because we talked about money here and other transaction. I can't imagine if we are just beginners here, so it will be an huge great future for bitcoin as we can see how tge lifes changed when we started to use bitcoin. Well,  for me personally there are so much changing in my life.

i still stand on the idea of economy based on material and physical things, it means bitcoin and cryptos are still depend on something that we can access empirically, when we say cryptos economy for example it does not belong to completely digital because it is still related to real world, that is why i think bitcoin is not really economy but it is a tool which far more efficient and better. 

Everyone is convinced that the lightning network is the solution to the bitcoin problem all along, but for me, this lightning network is only a temporary solution to the bitcoin problem that has occurred recently with the slow transaction confirmation. There needs to be a concrete new solicitation of the OP to address the complaints of users regarding it.

I really wish that somebody would restore the silkroad because there is no other place for bitcoin to fit in rather than there. People nowadays are living mainstream and aren't yet ready to embrace changes such as bitcoin. I cannot agree to that statement that "bitcoin is the new economy" because it will never be... you are living in dreams, my friend. FIAT will always be the main thing, but bitcoin could be very useful and in-demand if the silkroad would be reinstated. I hope this could reach DPR.

I also do not think that bitcoin is a complete economic system. Rather, it is a tool by which this system can be created. while the market is still very young and it is difficult to predict whether all of its potential is being realized.

so we can not call that bitcoin is a new economy because not all people use bitcoin and yet even say that many people know the technology we can not even eliminate with people who do not know how to use this, another bitcoin can not run a whole country because no dollar is available from abroad and the dollar needs yoon because the world market accepts just an opinion

It will be possible when all people around the globe is using bitcoin as a currency. Though the other countries have an advance technology today but there are still countries left behind. One example is the internet. Accept it or not, there are still places which does not have a signal for internet. While in some advance countries they have free internet the others do not have and find it hard for a slow internet connections.

I also think that people simply can not understand new technologies until they are applied in everyday life. All the new technologies caused ridicule of the majority of people, but now we use all these technologies, and those who laughed behind the times.

of course bitcoin is a new economy that will be increasingly used in the future. hence from that we know bitcoin first about bitcoin very benefited because already know how the bitcoin work.

Bitcoin is entirely new from the traditional system that we're following right now. When the cryptocurrency is used around, slowly we can experience good through it in terms of profiting.

Not really. The Internet and smartphones are a good example. Many (elderly) people don't understand how to use these two things even though it's considered as basic knowledge these days. Some people don't understand banking and despite that, they are still using banks. The same thing will be with Bitcoin. There will be people who will use its full potential but there will also be people expecting a working product which would have to work without any problems and any issue would be Bitcoin's fault, not theirs.

For this best option and best practice is to get hands on that thing. Plus, first learn better what these things are and what are they for. Because we have seen such huge accidents and miseries that happened just because people adopt new technologies and they were totally unaware of their importance and use. So that is just goodwill that people are trending towards technology.

i think even though it is old people can learn even slowly. and use on the core only, over time must also be familiar. we know many people with age above 50 years, active using social media.

really? and what can you say about mining? well, it is true that bitcoin is not yet considered as the new economic vehicle that will soon be commercialized, not yet, but there will come a time that this dilemma will come to reality, from the year bitcoin has started up to present, we can see that it came a long way in regards to being just a digital currency, and the struggles from being banned versus being adapted is exponentially being diversified and developed. and the future is clear that bitcoin will continue to improve and adapted to major financial transactions.

yes, a new economy, but great regret, the great powers do not think so and do not take the laws necessary for this. There will not be a single revolution for bitcoin until it is recognized in the world literally by all.

I think you got it wrong, Bitcoin s better off without the power of the authority. Being anonymous in our transactions makes Bitcoin a unique way of payment with a volatility in which risk is hard to get by. What's more interesting is, even without the support of the government Bitcoin still exist and made an ATH that gold did not have.

That is very optimistic but not far from the truth. Yes Bitcoin and crypto currency is a new way to exchange for goods and services. But to say that it is the new economy and saying it will replace Fiat is absurd. Fiat has been with since the dawn of time. Taking it down will take millennias to be done. I just hope crypto and fiat will play nice.

Yes bitcoins is the new economy, government can use cryptocurrency to improve their own economy by creating mining hardwares and allowing their own people to use cryptocurrency just like what japan is doing right now.

We may not predict what is  coming in the future of bitcoin it may  or may not be the world currency but one things is sure... these cryptocurrency will take us somewhere that is beyond our human comprehension  as far as new technology is concern and it slowly taking us there without even realizing it.

I also think, and often write about it. I'm sure that the future is behind bitcoin and crypto currency in general, and now we are seeing a certain transition period.

OP clearly doesn't understand the concept of an economy because if what he said is true, then Gold would have an economy of it's own a long time ago.Bitcoin will forever remain a market and the high number of people who uses it will not change that fact.

it is actually a flatform about transaction which would be buy any kind of product by bitcoin.it is a good theme to utilize money how to lead and purchase.but it is not worth it.many years ago gold was a flatform to purchase product.then it is now paper like money.thats why this will not be gonna happen.

The real cryptocurrency market has opened up many opportunities for many investors as well as the world financial market. The strong development of the cryptocurrency market shows that this is indeed the new trend of the world and it will grow strongly in the future.

I completely agree that there is a future for Bitcoin and crypto-currencies. This process will proceed gradually. Only time is needed.

Personally, I don't think that Bitcoin is the new economy, it is an technological innovation that has started to change a lot in the world economy but then I don't think it is right to call it an economy. I think it is better if we just call it the Era of Bitcoin, where in Bitcoin has a great influence on the changes that happened, and these changes are all for the better. With the we are only at the beginning part, I definitely agree with that, we are on the early stages, where in not everyone knows and truly understands what Bitcoin is, its purpose, how it works and how it can change lives. So spreading the word, being a great example and teachers about it would be a great help not just to the crypto currency industry but to the world.

Bitcoin isn't a new economy.

However, it is definitely a currency that will have potential to play a big role in the future economy, especially the online one. And I can't agree enough with the statement that we're only in the early adoption phase where lot a lot of real usage and adoption of bitcoin is actually going on.

People still have doubts, and fail to realize the many problems that can be addressed through a decentralized currency. E.g., ongoing currency debasement of fiat. Even if we don't see fiat necessarily be replaced by bitcoin in the future, adoption should continue to go up, and we should see a nice niche that bitcoin serves, for online transactions, and for storing wealth as an alternative to fiat which is ever depreciating.

We all just write that the market will grow, but it stands still.  This is very bad.

I agree, Bitcoin is the new economy and the future developing trend. Currently, we are all in the early stage and have a long way to go.

I am agree with the statement that we are only at beginning. Cryptocurrency is just 9 years old but market cap already reach above $300billions dollar. I am believe in next few years, cryptocurrency market will reach trillions dollar market cap.
Cryptocurrency is new investment but already attracting many big financial firm like rockefellar and rothschild investment. Beside that, JP Morgan and Goldman Sachs already put their money in cryptocurrency market.

I would agree that we are just still in the early stages of a new age where we will have full control of our finances. As of new many people are turning into cryptocurrency and along with that many countries are acknowledging it. Right now we just need to learn self regulation as it is needed if we would want to have full control of our finances and before the mass adoption of cryptocurrency in the main industry.

Bitcoin still unrecognize by many of the people imagine how many people are only staking with crypto's and how many people living in whole world since if 80% of population will go with the technology brought up by digital money then most provably bitcoins and cryptocurrency prices will climb up and surpass the dominance of gold and any other expensive assets/commodoties.

It is a new kind of currency for me, not economy. An intangible virtual currency where many people can earn big profits by just holding it and wait for its price to go up. Economy means the wealth and resources of a country and if they legalizes bitcoin as one of their currency then it will become part of the nation's economy.

yes you are right bitcoin can be said as one of the new economies and now bitcoin can also be accepted for several payment methods available on the internet.

This is very true about a new industry like we have now.Just at the very beginning of things.From 2009 till now, has shown a significant growth and forecasted to grow exponentially from now. The industry has been embraced with high morale and with time ,it will capture the entire earth.

can be considered bitcoin can only be felt by some people profit alone, especially those who invest into crypto. and no other impact caused by bitcoin, as its value continues to grow.

Bitcoin is the new form of economy with a strong net work systems. Bitcoin has its definite features which are very useful and attractive to the global community for their daily requirement.Even though bitcoin has started in the year 2009 it is still in the beginning stage and has to go a very long way further.The originators intention to provide a strong currency to the global community for their daily usage world wide.Bitcoin is one of the major crypto currency which can be operated world wide electronically only. Among the global community 30 to 40 percentage of the people are only be using the computer mostly the youngsters and shortly this can be improved further to the majority to use bitcoin world wide.

Bitcoin is not the new economy, it is the new type of financial system that we will be implementing in the countries in the future. Bitcoin is still on the process of improving and development so that is why it cannot be act as a new economy because it is just a help or an option for the people to grab to experience a better type of financial system.

   Cryptocurrency is a digital currency that is managed by the techniques of cryptography . This led to the creation by Sathoshi Nakamoto in 2009 it is a decentralized one that is it has no control by the government the user only have the control over it . even though Bitcoin has been reached ten years still it is in its infant stage most of the people are not aware of Bitcoin and even new to the economy and most of the population still trust only in fiat currency.

maybe you think the new economy is bitcoin can change the economy of bitcoin users financially I agree, but if as a new economy change the economy of a country I think it is not like that the presence of bitcoin

Bitcoin and other cryptocurrencies are starting to look like the .com boom that started in the 2000s. Everyday we see new cryptocurrencies entering the market for different purposes, just like how different websites appeared all the time when the internet started to take place. A number of influences have combined to create a strong need for crypto, and the new digital currency still has a lot of advantages to offer consumers and investors around the world. One of the biggest reasons Bitcoin is still considered the wave of the future has to do with the need for increased security measures. Identity theft has been on the rise, with entire databases full of credit card numbers and other personal information being stolen and used for nefarious purposes. The new PIN-and-chip credit cards banks are issuing have helped to some extent, but there is still plenty of room for fraud.

In my own opinion, bitcoins can actually improve the economy of a country if government will allow their people to use cryptocurrency, since everyone can earn more income in that way and they will be able to pay taxes at the same time.

If you say Bitcoin is a new economy, I would disagree with that. If they are an economy, they will be under the control and control of the government, but the nature of Bitcoin is unmanageable.

I do not understand why the government does not want to take bitcoins.  People will start to earn more, the economy will start to grow, which means that they will pay more taxes.

Some of you are quite funny… you just say whatever that comes to your mind without thinking about it. Bitcoin is different, you’re it going to be using aero plane as an example for Bitcoins. Don’t call me an unbeliever. I know what I’m saying, this is a different case… our currencies will always remain our currencies and not Bitcoin, because it can’t be our currency. Fiat is fast, technology is everywhere and you can send and receive money with the help of bank mobile apps.

In present situations it is just a currency because in many countries it is using as currency with an investment source that is why it is just a contributing factor to economy and not economy.

However there are few countries where Bitcoin is using as main currency so for them it is the economy and success. Besides these countries many countries opposing it where there economy is related with their own currencies and GDP rates.

Bitcoin is not a new economy. It can be treated as one of the factors influencing and changing economics. Actually, it is a payment system that does not create new goods and applies only to financial services. Blockchain probably has more opportunities to influence various branches of the economy.

I can't help it but to simply agree with the author. The world has not really seen Bitcoin yet. Everything is just starting. Let everyone watch out and see what happens in 10 years time and beyond. Bitcoin will be very great. Real great.

Bitcoin is not economy itself,but it was a big help for the economy as this is a technology,or advance technology that can make a breakthrough through all virtual currency and profiteering

Because governments has their own opinions and concerns,this is enough reason why some of them wasnt agreed on the capabilities of this said coin

Lets hold our horses for now. Yes bitcoin is going to be very big compared to what it is right now.
Yes, bitcoin will be big enough that you will have 10$ bitcoin cards at around your corner stores that everyone can get just like some apple itunes card or playstation psn cards which will make it a lot bigger and a lot down to regular people.

Moreover, calling bitcoin the new economy is a bit a too stretch and we need to make sure we are not going ahead of ourselves. New economy suggests that bitcoin will be a global currency that everyone uses just like euro for European countries but bitcoin for every country, which will not happen, not a chance.

It is a medium of exchange but it is also an economy for the simple fact that you can benefit from different services and you can pay with Bitcoin.

You're quite right, I guess. Bitcoin, as of the moment, can be simply put as a part of the economy, not the economy itself. It's all about transactions, exchange of money and value of bitcoin. But on the other hand, bitcoin can really make a lot of impact if it is considered legally by the public and government as associate or part of ones country's economy.

but, I think, bitcoin altcoin and other cryptocurrency can be an alternative, if it is needed in the future

I think that crypto-currencies can become a global payment system. However, if this happens, then a lot of time will pass. But if you take into account how quickly bitcoin and crypto currency is spread, then maybe we will not wait long.

Bitcoin is in its early stage and we have to accept the fact. In fact still majority of people still do not know anything about bitcoin, but now I think that bitcoin is becoming popular because of social media and other advertising agencies, and therefore I am hopeful that very soon bitcoin will be a global currency.

It is true, we are at the beginning of this beautiful trip. I am curious what we will find at the middle of this adventure in the blockchain ecosystem.

I am in agreement that this is the earliest stages.  I think people are getting up in arms about the prices for no reason right now.  If we all remain patient things will work themselves out soon enough.  Once the big boys give the signal its off to the races. 

I am agree with statement that cryptomarket is at early stage. Cryptomarket is market with 9 years old and not many peoples knowing about this market. I am believe many opportunity we can reach on this market and many project with lower price

Even if the bitcoin rate will be without big leaps up and down - this is an excellent modern invention of payments and transfer of funds. This is undoubted plus-the desire to earn it is already another aspect of bitcoin. Of course, it has become firmly established in history and will be used by a growing number of people. Most likely it will grow-as it becomes harder to get it and the amount for mining decreases every year.

Bitcoin is revolutionary system to change our current economic system. Our economic system always fall and creating crisis and thats why bitcoin created on decentralized system. Bitcoin at early ages and its need time for growing and i am believe bitcoin system will adopted by government even looks impossible

We are still on the process of promoting bitcoin and cryptocurrency all over the world so that cryptos will be the next big thing in the new era of cashless society where in the holders bring with him his account and private key, so we are in the begginning of this cryptoworld ,in next era We hope that cryptocurrency will be recognized as the new currency.

Bitcoin is a real phenomenon, a new economy. It really will change the economic picture of the world. This will change the paradigm of financial markets, completely decentralizing them in the future, that is, eliminating the institution of financial intermediation.

crypto is still newbie to the community and all fields that it is ready to enter. need comprehensive education about the importance of crypto which later on after understanding the community will use it to facilitate all the work they do

Bitcoin is definitely a new era in the form of payments and transactions that too decentralised economy and banking we can see lot of changes in banking with the help of blockchain

Even though bitcoin has been around for 8 to 9 years yet is has only become more popular in the last 2 years. Also currently bitcoin is not used as a payment method at most of the places and people are using it like an Assets. Keeping these facts in view , we can say bitcoin journey is only in its early days and there are still a long way for Bitcoin to become the major currency of the world.

The transition to a new world order and a digital currency is predetermined and not avoidable. But only to whom will the dividend system really bring such a system? Total control in a digital society is inevitable. Behind the announced decentralization, there is a total control of everyone and everything.

It maybe a factor im which bitcoin is not considered as economy. But as stated, it is just a beginning therefore that is why it is like this. But theres a point, maybe we can say that bitcoin is a part of economy and therefore it helps the economy to rise. Bitcoin does not need to change everything, it maybe a tool to improve things. But who knows? Bitcoin has unexpected things that may happen.