Bitcoin Forum

I've been discussing Bitcoin in a couple of forums, and I'm shocked by the vitriol and anti-Bitcoin passion that I'm finding. It seems that the mass media FUD has turned away the very people who could benefit most from Bitcoin. In contrast, Bitcoin is becoming stronger every day, and is moving towards becoming a store of wealth, and it seems to be moving into the ambit of the rich and the knowledgeable. I'm giving up on Bitcoin evangelism, and concentrating on fattening my wallet.

I thought that Bitcoin might become one of the currencies used by people when the fiat systems collapse, but I think this will only be a minor use. I believe that fiat cash will be used for a while, and silver coins could become a longer term solution. Of course it all depends on the cryptos that are introduced by the various governments, and whether there will be any trust in them.

storage of assets in digital form such as cryptocurrency seems to be a trend of the modern.
cryptocurrency was chosen as an alternative to gold.
but on the security side, the digital world is not 100% really safe, we as cryptocurrency users who for a long time certainly know about this.

Not just a trend but  considered as new economic class in the recent times. Bitcoin with a whopping $7000 (current) price is considered to be the most expensive crypto we had so far and it seems that it will still be long for it to be at top. Gold on the other side is still the one that wealthy people used in storing value, for what reason? only because it is not volatile unlike bitcoin.

I bet you are talking with potential hacking on digital storage, in that case we are still not hacked-proof era since the technology is evolving and so the hackers do. But if we are talking about the security of data, there is no question about it as it is running on blockchain technology where data is unalterable.

People tend to go by media as "the information". And what media said?
* This and that known celebrity / rich person is against Bitcoin
* Bitcoin had a bubble and it popped
* Banks officials said that's not safe to invest money into Bitcoin
* Bitcoin exchanges are periodically hacked
* Bitcoin is used by criminals

As laughable as these statements may look for us, many see this as an image of Bitcoin. Something strange, something they should not touch.

How misinformed you imagine that people can be if some wanted to invest in facebook's stable coin?! Nobody cared it is not launched and it's stable coin. But a brand like Facebook gave it some sort of legitimacy.
Who's that missing imaginary Satoshi guy?!

No. We live in our world which is far from average Joe's world. We have different sources of information.
Yes, it's hard to get them to this side of the fence. For many it's almost impossible.


PS. At the next bubble, media will tell about investing into Bitcoin.. probably near to the ATH, leaving others disappointed/angry against Bitcoin as soon as it'll start dropping.

Although Bitcoin is the most expensive cryptocurrency and the most profit giving asset of this decade but still common people are afraid of buying Bitcoin. The reasons are :
1. Bitcoin is not regulated and most of the people treat it as illegal asset.
2. It is very volatile in nature, due to this common people are afraid of investing into it.
3. People are still not aware of blockchain technology and its benefits.

I think it  is still needed to educate the common people about blockchain and cryptocurrency.

For now, in my opinion, bitcoin was just an alternative currency since bitcoin has no other uses for buying it was not yet accepted like fiat money in a physical store or even online there are only a few websites that is accepting bitcoin as a payment method so I guess bitcoin was just a secondary currency today. But as the time passes in my opinion bitcoin will be the people's currency surely today the fiat money is what is mainly used but in the future when everything is done digitally I think bitcoin will be a great currency.

Unfortunately there will always be only few who hear but verify when bombarded with contradictory informations. If you understand what a community is trying to achieve and know it's right & safer, nothing will shake you too much.

Well, i will most certainly restart & intensify my own evangelism when decentralized platforms become easy to use & with little to no chance of giving my "students" problems in the future. Additionally, it will be great to have them on decentralized platforms that can solve most of their problems sustainably and them not having to depend on government too much.
I really don't bother about getting people to listen or accept what I say. I know millions of people will eventually listen at the right time, no matter what. They will find crypto world hard to resist.

Bitcoin is the honest currency, and as such resonates and will continue to resonate with the masses as time goes on. Bitcoin really represents the evolution of money from trust in governments to trust in code. The future is already here and it is Bitcoin indeed.

Absolutely mate, bitcoin's popularity has increased over the years and many online marketplaces have started accepting it as a payment method. However just as the OP rightly said, it is gaining roots as a store of value which is good though it sorts of goes contrary to what Satoshi Nakamoto had in mind. Let's keep fingers crossed and see what the future holds for blockchain technology.

Hey Jet Cash, long time no see!

I'm curious as to what these forums are that you're finding the anti-bitcoin sentiment on.  You don't have to tell me, but I am interested to know what they're related to.  There was a forum for skeptics that I used to frequent some years ago that had a lot of members who thought bitcoin was a scam, but from what I saw about a year ago a lot of them have changed their opinions.  That was kind of funny, actually.

And you don't have to proselytize anyone, really.  The upcoming generation will probably grow up knowing what bitcoin is, and bitcoin will get mainstream one day.  You have to remember that it's only ten years old, which is nothing.  People will either adopt it or they won't, and I doubt you're going to change anyone's mind unless you can show them how much money there is to be made.  That usually does it.

You think it is done on purpose? We know how mainstream media is entangled with the big bucks industry, could it be that this is their plan of making crypto repugnant to ordinary, non-tech people? Seems like a plan, also motive is obviously there so...
I think it is somewhat deliberate, something is cooking and bitcoin isn't in the menus.
 
As to this thread main question, I think that majority of minted coins are still in the same wallet as 5years ago.
People hodl and there is no doubt in my mind, that those are The people, genuine folks, early adopters and enthusiasts.
So no matter what the mainstream is propagating, BTC is still peoples first choice. Sometimes even the only choice.    

it takes many years for a big revolution to happen... Bitcoin is still in its early stages when it comes to government acceptance and the creation of laws that benefit all who use bitcoin. We cannot expect news channels not to speak badly about bitcoin, because for lack of bitcoin laws they are the first to comply with the laws and comply with the laws they not encouraging people to use bitcoin or will warn of the danger of use bitcoin. This is not new, there are many things that years ago was censored on TV's and today all TV's pass the same things that censored in the past

Since Bitcoin is continuously growing, they're spreading fud as well to prevent that growth of Bitcoin. Who wouldn't get scared when it involves money online. That's why I think it's just a matter of time and they will be able to realize bitcoin's purpose. And it can be people's alternative currency when the times comes. But I also think it will be longer than expected..

Most people still don’t understand Bitcoin. Acceptance and adoption will take a long time and it’s going to be a very gradual process.

Yep, but it ias good to know that the revolution has already started. We are still far ,yes, from what are we aiming with cryptocurrencies which is to be accepted and widely known so people would interact more using crypto. It is good to see how several countries did already initiate the process of currency revolution.

This is very true. In my country, about 80% of the entire population have been fed with a FUD that Bitcoin is just an investment platform which has made some people lose a huge some of money. And this has been so because, scammers and fraudsters took advantage of the raise in the market value of bitcoin in 2017 to establish investment companies to lure people to invest in their so called bitcoin which will made them 30% profits within a month.  Due to this scam,  a lot of people in my country see bitcoin as  a scam.

there will still be sentiment that makes fiat not completely collapse, some economists always question transparency about gold as fiat reserves as a benchmark of inflation, this has long been manipulated by usd. If the world turns their trust to more transparent money, fiat will still be used. In the same position bitcoin will continue to run as an alternative because the world still needs a physical and controlled currency.

The media is a powerful entity and is capable of sweeping away the interest of the laymen from crucial developments such as bitcoin and other nice things that has helped us progress lately, that's why entities with dark intentions often hire the media to disseminate their deeds subconsciously. This has worked in the current times, just see the continuous mud-throwing between the left and right wing supporters. The media is involved, for damn sure, and has helped each sides gain followers by just publishing articles or airing news that may or may not be true for the benefit of whoever paid them.

Anyway, when the masses realize what they're missing, they'll just flock into bitcoin and crypto and tell everyone "I told you so!" even though they were brainwashed by the paid media at first.

Indeed, it will take a long time for bitcoin to be accepted worldwidly. The current process now is that a lot of people will join bitcoin community and it's gonna be so famous day by day till the government will accept it as soon as possible.

I still believe that Bitcoin can help if fiat (just the main ones like EUR and USD will do the trick) collapses all of a sudden. However, there are some issues developers have to work through for Bitcoin to be actually useful to a big number of people. I don't understand where silver coins come from. I mean, why do you think people will turn to them in a Technotronic era where digitalization takes over everything it can. Moreover, carrying coins is just annoying and uncomfortable, and a lot of them can weigh a lot, one got to count them every time to give them to someone and they can spoil over time.

In my opinion, Bitcoin is not a one-man only currency but a currency for the whole world to enjoy it particularly need the help it can get to increase its value, and if your just fattening your wallet for your future use go ahead and do that it is for everyone to enjoy that is and as a function of asset or services of payment everyone can sure use it whatever he like that is the flexibility of Bitcoin it can be whatever you want it to be,

And just like you, I don't want to be left behind in the changing and increasing value of Bitcoin we can surely do something right now before it becomes the people's true currency if it will in the future then we can be ready for anything that may happen.

When you interview people that bought bitcoin just some weeks before it ATH, they will keep telling you bitcoin has outlived it market value, that they came late to the bitcoin market, well all these are borne out of frustration, if we really want to be true to ourselves, bitcoin has been the most performing coin in this persistence turbulent market. If people don't buy bitcoin now that it's cheap, they will have to buy at a very expensive price some years from now.

Not only now always Bitcoin is very much user friendly and people friendly cryptocurrency. you can usually see the any price index and compare the volume of other cryptocurrency and Bitcoin.
You can easily understand what is a potential Bitcoin has than other cryptocurrencies available now.

The payment system that use digital currency (money fiat) already crowded to use recently and seems like it will be the new system which can replace the old system that use paper currency.

So, I just thinking that bitcoin is a currency which can be able to replace the function of money fiat when it has collepsed. The people will tend to use the currency which is has the same character like they use before.

Maybe in terms of affordability it might be little tough to buy as a whole Bitcoin, but the access to buy as much possible makes it much easy to be used. Also this isn't developed targeting specific people, it is developed for the entire people as well as to fulfill the flaws that the banks does.

Who is telling you to buy one whole bitcoin? You can always buy a fraction of bitcoin and hold it as a long term investment. If you really want to own "whole" crypto instead of "fractions", then go for well known altcoins like ETH, LTC or BCH (make a list and find a suitable one. Don't blindly/randomly invest on the coin I have suggested you). They are much cheaper to afford, at least for now.
Its not like bitcoin does not have any flaws at all to be used as a regular currency. It does have a lot  of its own drawbacks that is making it difficult for people to use it as a a regular day to day currency.

It is and will be, since it is one of the only bearer assets with some liquidity in this world.

People don't always understand what will benefit them until it's too late.  Most of them are just looking for something simple they can comprehend, so whatever the media can distill into a simple headline is normally the only message that makes it through for the "average joe public".  I'm of the view that most people will eventually come to Bitcoin out of necessity later, rather than trying to understand it now.  It sounds pessimistic, but we can only help the ones that let us.  It often takes a painful realisation to finally wake someone from the comfort of ignorance.  All you can really do is grow your stash to ensure you have enough to help those you care about when that time comes for them.

It's something that doesn't only happen within Bitcoin. I have noticed myself by reading through forums where mostly Gold bugs communicate, and the general theme amongst those is to get to the 1KG milestone eventually. People want the rarest and most expensive metal, not a cheaper, far easier to obtain metal such as Silver. Nothing wrong with that in my opinion.

In fact, the hunger for more probably doesn't even change when people own a cheaper coin, because they first want 10 coins, then 100, then 1000, etc. People always aim to increase their holding goals no matter what it is that they hold. In that regard, you can better hoard more of the best and rarest coin than to own a ton of garbage coins. Quality over quantity is what I value.

considering that it's been 9 years since bitcoin has run, so I can say, bitcoin will always be the currency that everyone wants, even though prices are always unstable, people still want it ... !! because the attraction possessed by bitcoin makes people captivated .. !!

The main choice of the consumer as of now is Bitcoin still despite the fact that the price of it is kinda low. It is normal since the bitcoin itself is volatile. Meaning, consumer is the one who dictates the price based on their supply and demand. Even though the price of the bitcoin is a bit low, people are still choosing it because of the security that is given to you.

Yeah you are right, dude. In my opinion the media can be said to have monopolized the brains of the community and unfortunately the public is still too primitive to realize that. Many anti-bitcoin people hired the power of the media to undermine bitcoin, and now the public should be given direction in addressing any news not only about finance, but also in all fields.

On the other hand we also cannot blame the media, because the media also have brought bitcoin so far. Now what needs to be fixed is a society that is too primitive.

It has indeed become a store of wealth rather than become a usable day-to-day currency. Though it has still some use, people tend to not believe in it because of media censorship and influence. And not Bitcoin alone, media portrays cryptocurrencies in general. And the government has a great part on the oppression of its adoption.

At the moment there is still hope that bitcoin can still become a currency for the people as was the initial concept.
I see several countries that have said they will throw away the dollar and look for other alternatives.
Here is an opportunity that can be utilized by bitcoin to be a differentiator for the current economic system.

Basically, Due to some horrible perception of the people Bitcoin is still an underrated currency according to my experience so far, I think people seems Bitcoin is not like another currency at all, They think that Bitcoin is frequently hacked and this is not secure yet, Not only that but also most of the people think Bitcoin is being used for the crime purpose and this cryptocurrency and Bitcoin is mainly used for crime and money laundering purpose, so these perception hinders the popularity of Bitcoin so far.

It is true, there are a lot of hate about Bitcoin especially on the internet.

I did post a statement on Facebook one time and the hate about Bitcoin is oozing saying things like it is a scam, snap out of it and other negative responses. It is the future of currency and trnasactions, I also think that Blockchain would be used widely and currencies will be based on Bitcoin while fiats taking the sideline slowly as time passes by.

some countries have used bitcoin and cryptocurrency after they experienced a crisis and the national currency fell. as happened in Venezuela and Argentina. but I hope my country does not wait for the crisis to legalize bitcoin. bitcoin is now the most famous cryptocurrency in the whole world. and every year the number of bitcoin users is always increasing. some people are now beginning to realize the benefits that can be taken by using bitcoin. so I am sure in the future bitcoin will be the currency most favored by the people because of and provides benefits.

Blockchain have more chance that will be more popular and adopted than in bitcoin, but those who are willing to risks and already see the potential and what bitcoin can be as an investment in the long run can try it especially if their aware of the risk and potential gains. Bitcoin is not to weak investors as they can easily be pursued and believe in FUD they can hear or read, those who also know how to trade can take advantage of it as an investment. It just depend on how risky we are in investing as many are already close minded in this idea.

People still see bitcoin the way it is portrayed by the media like
1) Bitcoin is a pyramidal scheme.
2) It was a bubble which popped.
And god knows what other shit the media has fed to the people. Bitcoin is still one of the better investment ideas out there it hasn't replaced gold for a fact and it never would actually in my opinion. Bitcoin is different that of gold and will be and bitcoin will be the best in it's league. As governments and the media demonizes bitcoin people will have a negative view on it.

It depend on us, BTC community to simply continue the work wich has already being done until here.
Knowledge is true wealth. Number of scam, alt(shit)coins are created by unknown's or celebrity's and even if we all know what is behind, big public is going to get involved into crypto's in a way or an other.

That's were we need to give guidance. I've been myself scammed and lose so much time into studying crypto in the wrong way.
I've met some people from this forum then i've started to really learn about all the ecosystem and dynamics involved.

People are going threw altcoin in a path of knowledge wich has BTC at the end of the road.

Welcome to newcomers, good job for earlyer's, love on all of you.


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Yes and for sure that if you will vote here, still majority of the crypto users here will or all over the world is Bitcoin and there is really no doubt that Bitcoin will remain and will always be the number of all time and no one has seen yet that has potential to replace its place as the King or father of all cryptocurrencies.

Bitcoin can continue for sure growing, but who decides the fate of it's real world currency state it's us the community and governments acceptance.

For now i can say that yes bitcoin is one of my currencies.
No matter where i go i can use it as long there is a network for me to transaction it.

Now talking about government and each countries economy growth, that might influence the decision between using bitcoin as people's currency or not.
Some countries might also make their own as China is doing or even trying to become one potential bigger country than others thus making the coin more valuable there than other places.

Who knows what the future holds.

Since 2017,bitcoin is an asset for the rich crypto elite.It used to be the people's currency 5-6 years ago,but not anymore.

I think, Bitcoin is not going to become the only currency in the world. It's going to become the only public ledger in the world. other currencies and assets will use that ledger to record ownership, which allows all sorts of assets to be used as money, including fiat. It's just that any fiat where the issuing bank continues to print will see the price of it's fiat fall so much that the extra liquidity they tried to create vanishes. at which there is no advantage to printing and it stops.

In order for Bitcoin to be widely used later, the immediate goal is to make people understand and know that Bitcoin and the future will be used or replaced for fiat currency. Once recognized and accepted by national governments, Bitcoin will be stronger in the future.

some interesting news I saw on youtube when many countries will not use dollars, is this what is called a fiat collapse so that entry within seconds will collapse as a whole, if that happens the dollar is not used again by some countries will become worthless, I'm waiting for this to happen maybe it will benefit bitcoin as a currency but not for small people if the value is high, it could be others like Libra or Ethereum used as a currency for small people, bitcoin is still the currency for all people supporting crypto

Of course yes, it is even more the currency of the people. The real question is instead: do people want freedom or do they want to be more and more slaves?

I have been able to read some article about that fiat collapse in which the natural currency of the of the country has been collapsing and because of it they are using dome digital currency in order to be used as their own currency for a month and etc. That's right if the fiat collapse all over the world then probably it would be a hard time for those people who only used fiat in order to support their daily needs but for us crypto enthusiast it would be good and better because we already know how to use cryptocurrency or digital currency in many aspects.
People will use bitcoin,litecoin, ethereum, and libra for them to be their personal currency in the future and it is very good for us then.

Yes, bitcoin is decentralized currency and no.1 in coinmarketcap and coingecko.com, this is usecase and peoples currency. It is a internet money and nobody stop them.

It doesn't mean that bitcoin will stay as the people's currency because it is the most used these past few years. Look at bitcoin now, it's volatility is occuring and we have nothing to do about it. Maybe we just need to wait and become a people's currency again.

No matter how long, no matter how hard for the bitcoin, but i'll still believe that bitcoin will be the best crypto 4 to 5 years from now.

Yeah Bitcoin is one of most promising coin in crypto markets,people can easily use this coin and sent it all over the world.

A lot of people I see that are into Bitcoin don’t really do it because they are interested in Bitcoin, but because they just want to make money and that’s it. I have even seen some people that have made profits through cryptocurrency and after they have made a lot of profit they then decide to quit and even discourage others. Their reason for discouraging others is what I still don’t understand, is it because they are trying to stop others from being rich like them or are they giving others good advice and stopping them from taking risks? :o. I don’t really understand.

But anyway, I believe that as time goes on the true fans will begin to adopt Bitcoin for the real purpose.

Without any method of storage 100% secure, even the banks with the most rigorous security can be stolen.
Cryptocurrencies may be the trend of the future, but it needs to overcome many major hurdles to achieve that goal.

A lot of people are still skeptical about bitcoin and the cryptocurrency market because they believe in what the media is trying to tell them. The government doesn't like bitcoin and cryptocurrencies so they're backing those who speak ill of bitcoin. I even know there are people who are spending their money on hiring media to post negative news about bitcoin and cryptocurrencies.

I think cryptocurrencies introduced by the government are unlikely to succeed because they look like fiat currencies.

People recognize bitcoins as a invesment like stock market and also bitcoin will not replace fiat because the price of this are volitle and not good to use in buying products.  And i think bitcoin will become future but as a alternative payment system only  .

They will make them look like Bitcoin, but with a "trusted" government regulator to give them credibility in the eyes of the gullible and trusting public.

Maybe in future, what will be use of bitcoin people will keep support it. Although it can't be currency, bitcoin can be investment. Cryptocurrency like bitcoin, so far still flexible, it can be something that still be used although what some people want it to be is not happen. That is why i keep stick with cryptocurrency especially bitcoin.

Keep support when bitcoin existing with higher price only, but when bitcoin keep with lower price every one will left bitcoin because not profitable anymore, the same thing like ICOs investment project when giving much profit with higher price after coin listing many investor glad for investing with ICO, but look after many ICO failed how many people still remember and want join with  ICO.

Most people really sees bitcoin as an investment and not a currency anymore because of its price. Not being hypocritical I also have it as an investment because of the potential earnings when the price pumps.

So flexible it has a pair on every coin no doubt on it because bitcoin was the first created coin.Bitcoin adoption is getting great these days, perhaps we will be seeing a good start with 2020.

I'm not certain it's a campaign done on purpose.
Clearly some things are done on purpose = because somebody has paid for that, but most news are just driven by how much "extraordinary" the thing is, so it may catch attention.
They don't care about you, me or Bitcoin. They care about their revenues, about keeping people interested to stay on their channel and.. watch the commercials between whatever they're telling.

There's no money worth 7000 dollars. Bitcoin can be worth the price but with this store. People see bitcoin as an investment instrument. The instability of the Bitcoin price scares people. Offers an opportunity for people. And that attracts people. Uncertainty excites people.

Why would it excite people? If we will be talking about using it, that would really annoy people since they will not adjust that quickly with the changes. In terms of investing, despite a lot of people being patient, there are still a lot of people thinkong that this is a huge risk and they should be careful im dealing with it. Yes it is exciting but just when you see it is progressing not falling.

First things first , bitcoins or anything here cannot survive without people , they use it , that's why it's there and the thing is even if the popularity of bitcoins will decrease in the near future , it won't die , because right now it's roots are embedded too deep in the market and it's providing jobs for a lot of people who are not being able to get anything through the government sector and that is a really good thing that they are able to work this way .
It is still for people and it will remain to work for people .

Fiat has a strong power over bitcoin and other digital currencies because it is centraized and under government's system. For now, bitcoin is not fully used as country's alternate currency as expected by many. Let's admit it, it is widely use as a store value and/or investment and not digital currency as it is.

Again and again, Bitcoin is one alternative payment method. Bitcoin is only for Bitcoin wallet owners. And people who know about the use of crypto. And that is the reality. It takes something to introduce Bitcoin and crypto as a whole to the laity.

It is a heart breaking reaction when you are a full supporter of Bitcoin.
I feel you there bro.

We cannot stop those media outlets that had been spreading lies of what Bitcoin really is.
But we can do something.
Spread more than how much they are trying to do.
In that case, we have a chance to shed some light to those who was filled with darkness of the media and the government.
They are all against it for it gives chances to the poor to get up once again.

I agree with the statement that bitcoin will be an option when the fiat system collapses. it is proven by looking at the economic crisis in a country. some big businessmen turn to bitcoin or cryptocurrency to save their assets. however, FUD has no influence on this matter.

until now the development of bitcoin is still happening, no matter the media giving FUD news like anything. it is better to focus on gathering these assets before they also start. the thing that I believe is that bitcoin will continue to grow and will most likely be made as an alternative payment in the future.

if the governments of each country would make their currencies through the blockchain network, it could be a solution that decentralized crypto like bitcoin would still be accepted throughout the country. because both of them stay connected. Bitcoin is currently used for crypto trading. and its value increases, it will be the same as you say. the potential to save wealth assets, and make a thick personal wallet. and when you want to take it, then you can convert it to the government's centralized crypto. wherever we are in other countries.

I hope maybe there are a lot of people who still support bitcoin in every it's condition. Especially for me who know bitcoin when it is less than $200. And in past there are already a lot of people who know bitcoin since it's lower price. Actually i only can say i believe they will keep support bitcoin although it get dumped. And i will be 1 of people who do it.

It can still be considered people's currency in a way that everyone is able to use it fairly with same amount and with same rules and process. It just that government in different countries implements their own rules and sets new limits that hinders to others to use it. In my country it is only been popular now and still many didn't know it. The fact that it can be use by anyone if only no rules were set can still consider btc as people currency.

Today, many do not know and do not fully understand bitcoin. In order for this to happen, you need to do in the use of bitcoin in a wide format and then, they will recognize bitcoin.

I think for now its not the basic means to exchange for goods or the main currency. But fortunately, its part of people's options to earn it and exchange for fiat or local currencies. However, digital paltforms are also growing and people are making money online, having businesses online so basically there forms of payments and settlements are conveniently thru online. Bitcoin and crypto is part of it and its happening already.

There is no money that is worth 7300$ today and was 3800$ on 1st March 2019. Is it wise to say that global fiats will crash one day? I mean who gave a surety of that? Even if fiat crashes, bitcoin is in no position to replace fiat as its too volatile, have a high transaction fees and settlement time. Tune-up bitcoin first if you wanna see him replacing fiat.

There are several countries that have recognized bitcoin, and have legalized bitcoin.
In my own country, Bitcoin is already legal and recognized.
Slowly but surely, the world will recognize and start using bitcoin.

luckily for us who already know how crypto currency works and often do online payment transactions, so if it is applied as a people's currency I think it would be really fun to be the currency in the country we live in, this hope might be in the minds of all crypto supporters , but speaking of Libra, I want to see if it really succeeds later next year

For me, fiat still the worlds' currency and it is not yet replace by a cryptocurrency, but when we are talking about the crypto, of course Bitcoin is still the favorite of all people and the king of all crypto. For Libra, I am not even hearing it in the news lately, what happened to it? They are always delaying its launch.

As the time pass i think bitcoin was still on its way to conquer the world and slowly influencing a lot of people, I still we still have a long way since in a lot of countries technology of bitcoin was still not a thing to implement since they already get used to fiat money. I think bitcoin was still a people currency in a lot of ways but still, for now, the bitcoin was not yet on the currency thing but still just a digital cash that is better for investment not for what it is made of digital cash. What we could do is influence people in bitcoin so that it could help us to spread bitcoin and that way we could achieved the bitcoin era.

im not sure if people use crypto as currency. when fiat system down, people will back to the previous system, and we never know about bitcoin, it can still be asset or we can use it as secondary currency. but what i know, people use cryoto for their profit, as digital asset. im afraid when the time come true, people not and never ready to spend their crypto for daily

Bitcoin is indeed peoples currency for the fact that it is the money to bring privacy and transparency to the ecosystem and financial markets and all. It's like saying is if email will be used by people instead of postal mail because media is so anti technology? People will soon learn the better of crypto.

No, there is, Bitcoin. if we are to always lock our selves to the conversion of bitcoin to USD fiat, then we will not develop further. We should see the value intrinsically from bitcoin itself without really comparing it to fiat in the future. Because there could be a time when we widely trade using bitcoin and the market price today would be disregarding concerning a huge market correction. Especially if the whole world will adopt to bitcoin as their main currency backed by different assets such as gold, fiats and more.

Bitcoin has been through many issues over the years. It is not surprising anymore to see plenty of people becoming anti-bitcoin just because they do not know the use and benefits of it. In my experience, I have use bitcoin for lots of convenience and security of my future as well that's why I will keep on investing on it till the end of time. Bitcoin can really be the greatest help the world could have in case of an world economic collapse wherein it would play a vital role on reuniting the world and reviving its struggling economy.

True, bitcoin really got an awesome value in the market, it's around 7400$ right now, according to preev.com and I think that this price is able to increase a lot in the near future. It was already 19.7k$ in December 2017 so it's really get the potential to increase hugely and reach that peak again and even it can surpass it.

Bitcoin is indeed the most valuable form of money and it will remain people's coin as users have control over their bitcoins apart from whales and traders who are responsible for manipulating the value. everyone is waiting for the price increase which could take place in the near future and we have already got the signals about the pump as bitcoin is trending green from few days. But we cannot confirm anything until we see a huge difference in the price of over $500 instead of $100.

Until you see people here on this forum who either try to earn BTC or even just try to discuss the possibilities of the future with BTC, it'll be a people's currency. There are people who are not understanding it and falling for scams and other stuff but sensible people will learn and earn it.

Eh, people can be dumb. They can play with their monopoly fiat. Crypto is for the elites and intelligent. Most people are lazy. Hell you can even go back to 2010 and tell people to mine bitcoin and the will be rich and most people will not listen. Most accept mediocrity and thus are only mediocre. It's still a peoples currency since it gives us power. Only if we want to take that power that is. The other losers can stay poor using fiat while richer grow more wealthy. They had their chance to be apart of it but their minds are too closed.

Since the main purpose of joining here was to know what's the condition and learn Bitcoin, then bitcoin is still the priority and choice of the people. It's obvious that questions are still being published about bitcoin, which means they're still concern about it.

All of the other assets weren't made from scratch, it's made from the idea of bitcoin. If there are assets that popular and blooming, people will still compare it to bitcoin, I'm 100% sure with that.

My point was not whether it could be used for peer to peer transactions - gold bars can be used for that. I was suggesting that you need to use computer systems that may be beyond the poor, or to use 3rd party pseudo banking services, This means we are creeping back to centralised control with the services. It also seems that Bitcoin is being collected by the rich, or at least those with spare cash to build an investment portfolio. All this moves it away from the people for daily use.

I guess that answer to that question depends on the angle you look at it.
If we take the fact that only small and limited number of people in the world is using Bitcoin then it's hard to say that is people's currency, more it belongs to certain elite, digital technology elite let's say so.
However, I stongly believe that Bitcoin was ment to be a mass currency, available without limits to anyone everywhere in the world. The question is if and we are going to achieve that.

When as ppl we taking majority using paper money so nope def

I don't understand the feud the space is generating lately with bitcoin and Ethereum, sometime is bitcoin with the whole altcoins space. I sometimes think it could be a strategy to form 2 parties working to bring fund in the space. Every thing here should be looked in such a way that could be manipulative, I dont know how Ethereum suddenly became the enemy, they were not these rivals, some 2 year revelation of Vitalik scam moves in the space, why now? we should look at it in different ways

Bitcoin has a lot of users here already in this part of Africa, the only setback is the price volatility but rather than running away from it, people here now embrace it as a good form of investment..

The fact that bitcoin was valuated at that price before means nothing for the future price. Just look at many banks stocks that used to be sky high and are now worth just a tenth of what they used to be never coming back to anything near what they were before. The only way that bitcoin can pump again is if we have some proper pre halving hype like we had before previous halving, or if we have another pyramid scheme in china like the plus token that pumped the price from 3k to 14k.

The problem here is the move from a niche, specialised interest right out into the full glare of mainstream attention. Bitcoin is following a well-trodden path. Whether we like it or not, when a thing moves in this direction, the establishment and the rich elite start to exert their influence.

Early television was innovative, high-culture stuff... but as it moved to the mainstream it became suffused with (and corrupted by) advertising, and moved towards shows that pandered to the lowest common denominator.
Early internet would free us from all that. It was independent, a level playing-field, everyone was equal... it didn't take long for big corporations to take control. Now Google controls search, and catalogues our every move. Similar for Facebook mediating our social interactions and even influencing our democratic processes.

Bitcoin can't remain a people's currency whilst simultaneously achieving mainstream adoption. Sadly it's one or the other, as history has demonstrated many times before.

Because at this moment people cannot have it for daily use. Only a few cities all over the world offer acceptance of Bitcoin payment. The rest of the world does not know, much less own, Bitcoin yet.

And Bitcoin is expensive. Poor people can buy a thousand satoshis but it will not grow into a nice treasure quickly. It might not be attractive to them.

Finally, legal businesses and merchants accepting Bitcoin will have to be centralized to a certain extent.

Exactly. If fiat really does collapse I think there will be two options they can use first it the cryptocurrency itself that is been introduce in their place or maybe they could create their own digital currency through the use of blockchain technology just like what China did and use this for their monetary system. I think there's a less chance for Bitcoin to be used as a monetary system due to the fact that it is too much volatile.

It seems like if I am not mistaken, Libra did not delay its launch, because what I heard and knew that Libra was launched in mid-2020, Bitcoin will always be the father of all crypto currencies so that it has an expensive value and can replace digital gold because of its expensive value, I don't mean it will become a fixed currency if it is emphasized by many countries of course we cannot avoid it

As long as the government isn't banning cryptovurrency especially bitcoin and as long as we beleive on it holistically, it could be considered as peoples cryptocurrency. Because it is not merely mean that if bitcoin is widely accepted it is already the peoples crypto. For me, being peoples cryptocurrency is something that we peoplecan freely utilize that may impact us to make our lives even better and what is more importantis if can contribute to the society in many aspects.

I get your point, but its not necessarily drifting into the hands of the rich, every and anyone who earns something in real life, no matter how little can have an investment portfolio, for sure some portfolios are hell fatter than others, and some will just grow out of satoshi's till its something reasonable, but the honest fact still remains that anyone can benefit from it, it's just a matter of patience, and starting, no matter how small the start seems at the beginning.

It seems to me that the main benefit from bitcoin will not be us but the next generation in 50 or 100 years.Bitcoin is something that many are afraid of like fire.Therefore, the resistance is of course very huge.But we still have a long way to go.

I am not so sure anymore as many institutions and big whales have the biggest chunk of the Bitcoin Pie, but what it has unleashed I think is the hope for something different and more and more creativity has been born because of Bitcoin. Still, people can own Bitcoin and start with just a few sats and build from there. So technically yes, anyone can own Bitcoin and it is this that makes it so much better than FIAT, which is extremely centralized and also inflationary. I still feel it has a People'ish quality about it but most of it has gone into deep pockets. So it's up to the People again to start collecting it and transferring the wealth to them by buying it up as it is limited in supply. This is something very important that many people don't understand, that Bitcoin can be as disruptive as we want it to be.

Thumbs up,Informative statement.In my opinion Bitcoin is now global currency due t its worthy feature and benefits.Can transfer globally any one can from any where send and receive without any paperwork.

Having string value and increasing day by day,Its initially days to much volatility but stability came over the years.
There is n third party just you are own bank and utilize it as you want,either hold for long run,use it as medium of exchange and invest for passive income.

if the fiat currency system collapses and ends with negative sentiment, then great attention will move back to gold.

Here bitcoin plays the role not as a fast alternative like currency, but as a powerful means of securing assets from extreme changes in global conditions, there will still be a long deflationary process in this case to at least open up space for new speculation between two different entities.

It seems that Bitcoin was and will remain the currency of the people and for the people. The states used it very little, and in the future they will use even less. Now many of them issue national stable coins, that is, their digitized currencies and will support and use mainly only them. The main thing is that decentralized cryptocurrency is accepted by states and recognized as a means of payment. Therefore, she will find her niche for walking.

Bitcoin is even more than people's currency because it has grown to a level where it is getting stable as it now as a trend.

Bitcoin is more than people's currency and is still very much acceptable and very soon, we'll see mass adoption as it now used for mining, and now that De-Fi platforms are emerging, bitcoin will soon become the general identity of finance.

Still haven't new coin coin become competitor for bitcoin make keep safety on the first place for bitcoin and have higher price than other coin, maybe when have new coin can be listed with higher price and take profit for many investor bitcoin will allowed his on first position give to other coin, but waiting for which one the best and potential coin become competitor for bitcoin.

forms of rejection are always there but it does not have much effect for bitcoin, because every year bitcoin can grow well even though there are obstacles during its development. maybe bitcoin is not currently widely seen by many people, but I'm sure with the increase in technology the system will continue to change including the transaction system. Maybe the current rival is fiat currency in digital form, which is more dominant in my country

Bitcoin doesn't give the much profit these days as its volatility has dropped. The excitement isn't there at the moment and I guess that could be a reason why some are bashing Bitcoin. Thus, the anti-Bitcoin chants. I have seen certain altcoins give tremendous profit within a short while and transaction speed is top notch - Thorecoin for example.

well fiat system is really collapsing since a long time ago
the value of fiat is decreasing by a small margin that's why it's hard to notice
only if you will compare the fiat value today in the past you will see the difference
this is because of the uncontrollable money supply unlike bitcoin that have fixed and halving every 4 years

The first Proof of Keys day took place last year, on 3 January 2019.

Today is an important day in the crypto space as it marks the another anniversary of the creation of the first Bitcoin block, the Genesis block.

The proof of Key day always celebrated by Trace Mayer is a day that reminds us to always store our keys safety because of this slogan which goes thus- Your Keys = Your Assets.

Storing your bitcoin is very vital that is why non-custodian wallets like Atomic wallet  are the best options for storing and safe-guarding..

Happy Birthday Bitcoin.

What are you talking about? the satoshi is the coin of the masses, and bitcoin belongs to the elite.

Actual silver coins have the very same problem of gold coins. In the physical realm, they can be counterfeited, and not everyone will be able to verify (in real time) that their coin weights exactly what it should, or is completely made of what it should. This built-in verification does exist in Bitcoin.

In any case a coin is only a means of storing value. It did not come to "redistribute" wealth. Sure it did help a few early believers, good for them, but for the masses, it will always remain a legend. The difference is Bitcoin brought us a coin that that is separate from the State, a coin that doesn't lose value overtime. We can use it or not, nobody is forcing us anything, unlike the State issued fiat...

as I can see bitcoin is use by lots of people , specially the millenials if its keep on growing and other people use bitcoin, it will still peoples currency although there is chances that other tokens coins will compete with it because there is a lot of chance that it will happen, since being use by the community gives it a chance to be more  expensive

I am agree with you. Using crypto currency has a lot of advantages but it has also a lot of disadvantages. So I must say that still there is no safe place for us to store our moneys or bitcoins or even altcoins. All we need to do is to be careful in trusting whether which place were going to hide our money.

My take on this is that bigger companies seeing the huge potential there is with bitcoin took the initiative to horde the wealth for themselves and discourage the common joe by telling them the negativities of investing, so they can keep the money for themselves and so they can take advantage of people even in this new type of currency, we can help by informing people to counter the badmouthing bitcoin and other cryptocurrencies receive from these major corporate entities.

I agree and I cant see the future that they can make fiat currency vanish. As we know that it was the strongest type of currency that we can have because of its security.  Cryptocurrency is just one type of currency that we bitcoiners used to earn money but it still have limited usage in every country. 

I agree with Polar91's opinion.
So far we only make bitcoin values ​​based on fiat.
We haven't made bitcoin a staple.
For example when we sell a car:
* The price of a car is 20k USD worth of bitcoin.
we can change it to full using bitcoin prices without caring about the ups and downs of bitcoin prices with fiat.
And we change it to:
* The price of a car is 2 Bitcoin. "Just 2 Bitcoin, do not talk it worth in USD or other Fiat"
Do friends understand what I mean?

One of the most significant growing coin today is the bitcoin because before the value of this coin is not enough to buy anything. However, still, many people are trusting this coin and risk their money to invest. After a few years, the price of the bitcoin becomes one of the most profitable coins in the world of cryptocurrency. Many people now are asking how to becomes rich and millionaire with the use of bitcoin. Some traders use the old way of investment, they are trying to wait until they can if the price of the bitcoin will low until it becomes not valuable again, and then put all of their money to invest. Then they wait until the cost of the coin gives enormous funds to them.  But today, we have different trading techniques that we can use in bitcoin. Short term or long term investment, in the short term you are investing your money for a short period, and you will get it if you have a profit. Still, in a long time, trading is you are now put all of your money and buy bitcoin for a low value and wait until it becomes profitable.

but despite all of those disadvantages that you guys mentioned above  , bitcoin is still the people's currency these days because people do still have some benefits left that greatly help people to earn and to live without hassel in terms of paying bill , paying someone and alike  . soon when bitcoin makes updates and improvements of its current state  .  people wont doubt anymore about bitcoin  and we can totally call it as a people's currency when it becomes perfect  .

fiat is indeed difficult to replace because transactions using fiat have been around for a long time, if changing a payment method might be difficult and certainly requires time to apply the most recent transaction method because it requires an old adjustment

At the moment and up to this new decade I think that fiat cannot replace by crypto yet, but crypto will be more popular and will be widely used as an alternative to fiat, but still, it will be a big debate for the government and for the people if ever the government will legalize and make crypto as the legal tender and that they will replace fiat, it's impossible for now.

for me ctyptocurrency is a valuable asset which can certainly be used for various payment alternatives, but not all countries can accept payments using cryptocurrency and that also applies where rules have been imposed in my country, therefore I think cryptocurrency is only a valuable digital asset, and not as a digital currency that is free to be used for various transactions.

of course we all hope that bitcoin can be recognized as money that can be used anywhere like other currencies. hopefully in 2020 crypto will get the best place.

Still, bitcoin the people's choice. Even there is no development in bitcoin technically and many bad news happened from it. People always want to buy btc. I don't know why, but I think the awareness of the people that it might pump 3x as its price in a fast movement give them an assurance to buy bitcoin.

You must be watching one of the fork-coin repositories by mistake.  Bitcoin probably has more code commits than most altcoins put together.  There are a few exceptions, but Bitcoin is generally one of the most actively developed coins.

The key subject is "can fiat system collapse". Fiat currency is not like other ecurrencies in the sense every country has a particular paper currency which is developed based on the monetary policy of the country. This is different from bitcoin or any other type of ecurrency that is solely developed by individual or group of people within a decentralized framework. I have no doubt that crypto might witness more adoption in the future but I dont see it as a global currency.

It can be used for some transaction from buying things and also to convert into fiat but fiat was the universal used and I think by the used of crypto was take a time by processing a small amount of things that you need to bought for example. So fiat would be the currency and its takes a long time before it goes into crypto.

For some people, bitcoin can't be used as a currency due to their Government's regulation. In some countries, bitcoin has been banned as a currency but it can be used as commodities like gold. Besides that people avoid using bitcoin as a payment option because the fee is too high especially for small transactions. Well bitcoin will be used like virtual gold where people hold it for securing their money or earn profit by trade it.

Since Bitcoin can be split into 8 decimal places, it can be used by just about anyone.  However, I do think that it has not gone mainstream yet.

The time for btc to go mainstream will definitely come, btc is still very young 10 years in existence compare to fiat that has been around for ages, i don't know if one day btc will take over fiat but i do know that btc will be around for a very long time, i think eventually the people will decide what suit them best, by then the government can do little or nothing about it.

Ten years look younger for bitcoin to be legal currency payment currency and need about five years later to know better or not make bitcoin become legal currency payment at the future and how many countries want accepted bitcoin, if bitcoin keep continue become stable coin and have many positive side with bitcoin could be legal currency payment in the future.

stable coins can only be seen if all countries legalize it, and even then only reduce fluctuations like today (in my opinion). with all countries accepting bitcoin I think price manipulation can be suppressed, because of its spread throughout the world, and when that happens we cannot imagine what bitcoin prices are from now

We can definitely say that the time of fiat currencies is coming to an end. As for Bitcoin, it is unlikely that it will be used as a means of payment. There are many other more suitable cryptocurrencies for this. Bitcoin is more likely to be a means of enriching and saving money.

Bitcoin fluctuations make bitcoin difficult to stabilize and that has become the nature of bitcoin and if that is possible but there will be changes and only minimize flutuative and that too if bitcoin changes continue to grow well and are accepted or become legal in all countries.
and bitcoin can only be an alternative payer and will not easily replace fiat completely and both will be useful as payments without eliminating each other, and we will see in the future that will prove its truth.

Let's dig deeper on why bitcoin could possibly be not the most suitable people's currency. In the first place, not everyone has the mindset of being an investor and a hodler, second, bitcoin is now suitable to be an investment and not for short and small transactions we always make everyday. Lastly, bitcoin will only be considered people currency if and only if, it could penetrate government of each country to accept it as a mode of payment. But for this to happen bitcoin should first be upgraded and improve to have more efficient transaction rate.

bitcoin use is currently limited, and may be difficult if used for transactions because the time to reach the transaction is quite long and the cost is quite large at current prices. maybe so far bitcoin is suitable as an investment only, but if there is an update there will be potential to be used as people's transactions.

Bitcoin is not controlled by one single or few authorities. It’s very unlikely that we will have zero miners or no developer left in the community. Current hash rate of bitcoin is at its all time high and chances are that it will go further up in the future. This is where we see benefits of decentralization vs. centralization.    

As people are becoming aware of this digital currency with time. If many people will know about it and they will start using it as a method of payment, It would be accepted a payment of method. This increase in the usage of it will surely affect its rate and value. When it become the part of common people lives it will become legal also. But I don’t think so this will happen in near future, it will take more time.

Yea it is, but if they try to send small amount of Bitcoin and it's not going to be a good idea for them because sometimes the fees are more than the transaction itself so they are actually getting robbed by itself because the fees, so that's reason is invalid for me.

BTC is the people's currency from the beginning. The early we adopt the better. No single person or single group of people but who are crypto enthusiasts, investors, miners are the real owner of crypto.
We will be rare witnesses who will see death of available money system and technology shift, from debt based fiat to decentralized crypto currency.
It will occur gradually not overnight. Btc will be the main stream of economics.

Well!! Day by day the popularity of the bitcoin is increasing massively and lot of people are looking for the best opportunity to invest in cryptocurrency.

We probably people are intended to seek some news in social media especially if the money is involved. Now, news also includes about digital cryptocurrency globally to know what happen and how it affects countries economy. Bitcoin is commonly known as the new hope and new thing to invest with. Peoples attention are get caught by the bitcoin currency because of what it can do and what it can give to many people but not just that it might affects the whole economy. This is still peoples currency because many people are still invest to it.

It is people’s currency because many people are investing in it. Not only a currency, but the one that has won user’s heart and that is gaining more attention. Not only traders are adopting it not only for long term investments, but students, youngsters, common people they are adopting it for daily earning and short term investments that make them financially stable and secure.