Bitcoin Forum

Bitcoin is new revolution of finance world. Everyone knows that bitcoin born in 2009. Currently bitcoin is developing criptocurrency - Bitcoin, Ethereum, Ripple Bitcoin Cash, Cardano, Litecoin, NEO, NEM, Stellar, IOTA, EOS, Dash, TRON, Monero, Dogecoin.  :o
Will the banks support this kind of financial transaction and will be able to survive together?

In Latvia, bitcoins are something new and unknown. Everyone is talking, but few of them really understand bitcoin's capabilities.

Is it really something lasting or short-lived??? ??? ???

It already lived long enough, if your asking if it will continue to stay and grow the answer is YES. Governments are now trying to accept this concept some of them are regulating while others are open to this new technology.

If some technology survived for almost 9 years, then it is not just a Fad or a craze. Bitcoin is following the same growth

phase as the Internet. The internet was also shunned as a technology for Paedophiles and Porn and Drugs and then it went

mainstream. Governments are struggling to get their heads around it and Banks are giving a lot of resistance, but Bitcoin

is pushing forward, despite these challenges.  ;D

Bitcoin doesn't develop cryptocurrency. Bitcoin is a cryptocurrency. The others you mention are competitors or peers to Bitcoin. And "Ripple Bitcoin" is not a thing. It's called Ripple, it has no connection to Bitcoin.


Cryptocurrency, those used for monetary transactions, seek to compete against banks. One of the fundamental ideas of Bitcoin is that it allows you or anyone else to become their own bank. Bank charge fees (sometimes without providing any service in return) to access your money. Bitcoin allows you to minimize and control the fees you pay to access or use your money.

The support of banks will be great, it's been long over due that they recognize the financial payments system in this world is antiquated. The banks have refused to evolve, so the people must evolve past the banks. The real answer is - who cares? We don't need the banks.


You stated your self that Bitcoin started in 2009. It's now 2018. That's nine years...nine years seems like we've surpassed the "short-lived" time frame. I think this is something lasting. An entirely new industry is being built around the thing that Bitcoin started. Bitcoin isn't going anywhere.

I agree with your main points, but I think bitcoin (or rather blockchain) cannot be compared to the internet because the internet created something new, whereas the blockchain is a better alternative to the existing financial system. As such, it hasn't been as disruptive as the internet, because there was no option for people other than using the internet. So it is normal for bitcoin to have flown under the radar for 9 years.

Until bitcoin can start replacing existing financial systems (which I believe will never be the case), the comparison of the blockchain to the internet will not be entirely accurate.

To calculate and see bitcoin for now good to say that it's long lasting basing on calculotions of the chart and past results, Bitcoin remains to increse and be number 1.

Example say that I am 15 and get to earn money because of our loving bitcoin and campaign that is a way to earn money and got to make an account and deposit everything from personal to bank it will be 100% questioned. It also maybe the cost of bitcoin knowlage to get wide and because of it who knows it may add bitcoin taxes that we don't want to happen.
Talked about technology in connection to Bitcoin it will help bitcoin to enhance it capabilities like safer wallets, like a USB that can be used with out any Internet connection. What maybe the possibilities of enhancement, upgrade more than a USB and to think a cellphone that can mine the same time usung your ordinary cellphone or rather yet a hand carry miner.

Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no third party . Bitcoin is an open-source, peer-to-peer, digital decentralized cryptocurrency.

Yap bitcoin was new revolution of finance world i think bitcoin will last long, if someday bitcoin was die thats only bitcoin was die others coin i think will rise up to replace bitcoin with new tech and new security system that improve

I heard alot of that bitcoin is new financial revolution and bla bla bla
But guys a u seriously ? Bitcoin have old tehnology - very long transaction , expensive cost fee of trans .

Untill btc willnot get fast trans low fees it willnot be a new financial revolution. Btc so young for that . Need time to grown

Am sure it will last forever but with time we shall be seeing more new technology that will be advanced that the bitcoin we are seeing now.....


Check Arcblock now that is bringing different tech to the crypto sphere..

The cryptocurrencies or virtual currencies are at their peak. In the world there are thousands and thousands who dare to invest, others do not believe that it is really an interesting business. And in the middle, many governments worried about not knowing how to regulate them. Today there are more than 20 virtual currencies that emerged from bitcoins, all of them decentralized and valued exclusively according to supply and demand. But the most important and which has survived despite the large price fluctuations that have already experienced the various attacks, is Bitcoin, which gave rise to what may be a new world economy tomorrow, an alternative to the dollar and to gold; or maybe just a new bubble. Perhaps for many it is just a fad, a business of several geeks that tomorrow may be forgotten or an initiative of speculators to which it is better to arrive and leave early.

if there are still many enthusiasts yah could be become immortal
depending on which country a lot of bitcoin enthusiasts
but if a little demand it will likely be temporary just like a seasonal business
if it is past the season is not sold anymore

A technology that started since 2009, has evolved and is still evolving is definitely not a short lived thing. Seeing all that Bitcoin has been through since then, its setbacks and triumps you know that it is something that will last for a very long time if not forever. ;)

Sure it will last. We use to trade items such as spices gold and gold or silver or other minerals. Because keeping all that with you to trade takes so much room they started minting coins made from different minerals which allows you to pocket the coins and trade for other items. We then started goverment issues bank notes that are suppose to be backed by gold but really are not. The next step is going to be to take it online and make it virtual since we are in the technology age.

certainly. cryptocurrency will become the new payment tool for the human in the future. But, anything needs time. To apply crypto in bank service, they have to change many thing in system. So, please wait and it will come true.

truly, bitcoins together with all the other altcoins out there are the new revolutions of the finance world. it is also true that there are only a small number of people that know about it or even care about knowing more about it. but what we can expect is that sooner or later the numbers of crypto lovers will truly increase more and more.

now in regards to the question about banks supporting cryptos, still, no one can really tell for sure since it is still to early. although it is assumable that banks will never accept cryptos since it won't give them that much benefits, some might have accepted cryptos already, others stated they wont support it, and some still ignores its existence and haven't decided what to do about this yet.

cryptos being something that is lasting or short-lived depends entirely on the people who love it and use it. which is why it is something none of us can really predict as of now. all we can do is hope that it will last and take advantage of being here today as much as we can before it disappears(that is if it ever disappears).

If you believe that Bitcoin was created by the Fed as an experiment,  Then the government replacement, lets call it FedCoin, will be the radical change to affect the world. It will be created without the limiting blocks that will prevent Bitcoin from becoming a volume payment system.

Actually it's already revolutionized the financial world already. That's why you see governments and banks are taking a hard line stance against bitcoin. They are afraid that bitcoin would really disrupt their economics that why they need to cut it out as early as possible. However, bitcoin has already gain ground on some countries like Japan.

I'm assuming that in Latvia, crypto is not yet ban. I advise you to take this advantage and do trade and earn bitcoin as much as you can before your government makes a U-turn.

Yes, eventhough bitcoin has been in the media lately, there's still a lot of people who don't know anything about bitcoin and how does it work and what it can bring to them, financially.

If you check the bitcoin transaction fee structure these days you will be surprised.
https://blockchain.info/charts/mempool-state-by-fee-level (https://blockchain.info/charts/mempool-state-by-fee-level)
I haven't seen this kind of low fee environment for bitcoin for a long time now.
Regular fee is 9(!!!) sat/B, it was around 500 or more some weeks before...
Also, because of the low fees, transactions with a decent fee are confirming pretty soon, so now it's better to do a transaction in BTC compared to the end of last year...
Also, Lightning network is coming some time this year hopefully, so the new financial revolution will arrive, sooner or later...

Revolution is not BTC but blockchain technology. Blockchain technology can be really the main implemented technology of 21th century

Bitcoin and blockchain both are part of the revolution

All I know Bitcoin is a new revolution of the financial world. Everyone knows that bitcoin was born in 2009. Currently bitcoin is developing criptocurrency - Bitcoin, Ethereal, Bitcoin Ripple Cassette, Cardano, Litecoin, NEO, NEM, Stellar, IOTA, EOS, Dash, TRON, Monero, Dogecoin. and is it possible that banks support this kind of financial transactions and we just pray it is legal

all need a change especially in the financial world and Bitcoin with its Blockchain technology is the Revolution of a transaction, sooner or later the government will definitely see Bitcoin as an opportunity, not as a threat.

I believe that this will already be a reliable digital currency

I think it will take longer to survive than we expected. Its development marks a new era of currency trading, which can always replace old things in keeping with the development of the times.

Bitcoin has existed for nine years, and the word "short-lived" can be left. Bitcoin has long changed the world of finance, and many have moved from stocks to bitcoin. Blockchain technology has made the world known, and many people are already working on a variety of projects around the technology to make money.

I believe the bank will support cryptocurrency, maybe not now but in the future. I guess banks will survive even if they will not adopt cryptocurrency in their system but they will be left behind by the evolution of money. Thats is why i believe they will adopt cryptocurrency, it would be the future money.

Bitcoin proved blockchain technology can do wonder in ledger keeping

It indeed is one of the greatest revolution the finance world has seen from long time.The technology is soo advance that it took years for people to completely understands it first and then to apply.Many banks have already took decision to make blockchain as their primary system which is a plus for bitcoin.It will take time for support to come from the banks but still we are moving in a right direction and things will fall into places once the time is right.

depending on how everyone's response in the future, we can not predict the future
of agreement, and rejection of course it exists, because it is impossible for all countries to have the same understanding. essentially as long as bitcoin is still in trust by everyone, then bitcoin will remain to survive until whenever

But I think if most of the countries will be trusting and using bitcoin, other countries will also follow. Of course they do not want to be left alone with what is currently trending and profitable but I just hope that when this happens problems like blockchain traffic, delayed transactions and etc. already have a solution then. Bitcoin have started for a long time as a digital currency and I believe that it will be put to more use in the future because of the rapid changing technology. As for now, some countries are being concerned with the growing number of bitcoin users and I think that they are just protecting their own currencies.

I strongly agree that bitcoin is said to be the new revolution in the world's finances because the blockchain technology implemented by bitcoin and another crypto can provide effectiveness for a transaction. I believe these cryptos can last a long time with the record of the growing interest and hold on to profit using the crypto is not even impossible in the future banks across the country come to implement blockchain technology for every transaction that is done conventionally not it is not possible in the future to be born new crypto-named according to the currency of a country.

Yes. Using cryptocurrencies is fast, secure and does not generate additional costs. We do not pay commission, it does not cost us currency conversion. A truly revolutionary feature is that they make unnecessary (potentially) not only traditional currencies, but also central banks or banks in general (and certainly marginalize their importance). Why? Cryptocurrencies operate without intermediaries, because other network users are a guarantor. Cryptocurrencies therefore give you real financial independence.

It is not bitcoin only but blockchain technology and all the cryptocurrencies that are based on decentralized blockchain technology are a revolution. Cryptocurrencies will be a very good alternative to cash and credit card in very near future.

the revolution can not stop :o

Governments definitely won't be using Bitcoin. If you are somewhat up to date, which shouldn't be that difficult, then you know that countries are coming up with their own crypto currencies already, which are heavily centralized and come with all negative side effects of the traditional fiat currencies. In other words, there is no need to think about network congestion and whatnot in this case.

They are indeed concerned, and rightfully so. Their thought is that if they offer people their version of crypto, that it will take away their interest in our current crypto market, which is just a ridiculous way of thinking. People love crypto for its volatility, future potential, decentralized nature, its safe haven characteristic, the escape that it offers from the banking system, etc. Nothing can beat that.

It is part of the money revolution, it's all set-up to be that way though. That is why you should always be careful where you tread at.

Bitcoin can end centralization, but banks can also adopt to bitcoin and be open to new technology. Bitcoin is mostly seen as a big competitor for banks and remittance centers. 9 years in not a short period fyi, and the masses are yet to know more about bitcoin and the technology behind. 5 years from now we may see it widely adopted and hopefully more countries will support it.

some countries have tried to accept with open arms. The technology that currently exists with bitcoin is becoming a phenomenon in a highly advanced modern era. If there is convenience, should every country can take the positive side of this great technology.

I advise you to invest, you can throw money at the project and do not think about anything. After a few days or weeks, make a profit. important to find a proven project