Bitcoin Forum

Hi All,

I have been in cryptocurrency since 2014 but last 3 years I took a break from it. I had high hopes how it can change the financial world.

I would like to get back into it but first I would like to find out what is cryptocurrency today.

Is it just a trading commodity, long term investment or is it (very very very) slowly replacing fiat. I know there are many companies and small shops that accept cryptocurrency but is that it? Is the problem still about the speed of a transaction

Please help me catch up a little :)

It has become an investment vehicle more than a tool that is replacing fiat. Almost all regulations covering cryptocurrencies are also related on it being an asset/investment rather than a transactional currency, so not much has changed. Price wise, it has changed drastically, though I think it's an improper metric to gauge whether bitcoin has become successful or not.

Overall, I'd say bitcoin changed for the better, at least when comparing it to 1014 market conditions.

we are having a very similar situation to 2014 but at a higher price this time since the adoption has grown in the past couple of years. the situation is after a bubble burst and the drastic downtrend that it has caused.

as for investment versus currency, i think that part is still the same too. both aspects of bitcoin have grown side by side. meaning there are a lot of people who see bitcoin as an investment which can only make them money while a lot of other  see bitcoin as a unique decentralized currency which is offering them a lot more than just profit.
so pretty much the same, only now there are more people in each group.

It has not changed much in over the four years you were away. The adoption has increased and also attention from government and external industries.
Bitcoin is not slowly replacing fiat, I do not think it is meant to replace fiat currencies.
It is an alternative currency

the cryptocurrency situation is now feasible for you to log back in, if you have left a few years ago then now when you start from the beginning, you will be luckier than the people who have been in crypto, and bitcoin will not replace fiat it's important to get more fiat

The general public and the majority of crypto users are looking at bitcoin as an invesment or as a store of value instead of a form of payment to purchase stuff, and it's pretty normal that they see it that way since the thought of holding your coins to expect highers profits in the future outweighs the need of having to spend your coins in just a handful of stores. This line of thought will probably change once bitcoins reaches a mainstream status worldwide.

It's not replacing fiat, not even close.

The major problem with crypto currency now is the bear market, which is part of its specifics.
Many crypto users are really lamenting now because it has affected market value so much that selling most coin now is almost a waste. And I think we just have to be patient. There is light at the end of the turned.l

In my opinion unlike 2014, today crypto's voice has reached more people. Today in some countries it is possible to use Bitcoin as current money to shop or paying bills. In fact adoption was not going to happen suddenly. As time goes by, people will able to digest it.

 A lot of changes are to be happened that we are expected but the value drop will not be expected by the people still the weekend in the pic but anything will be happened in the Bitcoin is always be acceptable but it has the ability to overcome again to the peak value but we cannot say how it happens

in general, people invest in bitcoin for the long term ... but in some developed countries they also use bitcoin as a transaction tool ...

Cryptocurrency trading and investment is way different from stock trading. With cryptocurrency, you need to understand the pattern and the trends associated the market price. I advise that you get some knowledge about the progress of cryptocurrency now before you start anytime. The crypto ecosystem has changed since 2009 when bitcoin was introduced to this world we live in.

Maybe if you keep focus you have been billionaire and take much profit at bitcoin, imagine you have know bitcoin at 2014 where bitcoin price still lower and under $200, maybe you can take much profit right now if you are joining invest at bitcoin.

There are some minor signs of utilizing crypto as a payment way, but mostly cryptocurrency is a type of investment these days.
This tendency and perception will change with the time as the money world is actively migrating from a traditional to a digital form.

Bitcoin can be said to be a long term investment - But, no one can guarantee, Is that will give profit or vice versa. Because, no company control it. But if see from year to year, with increase demand the market, it can be made into consideration.

why do you think bitcoin has ever been replacing fiat in first place?

bitcoin was not meant to "replace" anything, specially not fiat and as far as i can tell Satoshi didn't create  bitcoin to "replace" anything either. bitcoin exists as the alternative digital cash system that offers a great  deal of freedom because of its decentralization. and the fact that more shops are now accepting bitcoin, or even a couple of countries that have adopted bitcoin as a legal way of payment aka a currency doesn't mean bitcoin is replacing fiat.

Nothing has changed since you left the scene. People are still using it for both an investment tool and a currency and the debate is still going on about the "real" use case for this technology.  ::)

The Bitcoin price went up to $18 000+ in 2017 and then it dropped by more than 70% to what it is now. <+/- $3500> So, if you bought bitcoins 3 years ago and you kept it, then you would have made some nice profits now.  :P

What price did you pay for bitcoins back then?

I wouldn't say that anything about the bitcoin network or infrastructure itself has changed.

What has changed over the past few years has really been the services that are being offered around bitcoin, the regulations that are surrounding bitcoin in certain countries, as well as bitcoin's role within the economy.

I'd say that right now, bitcoin is still highly speculative. Use of bitcoin as a currency, especially for virtual items, have definitely increased over the past years, but not to the point where it's the major use. Increasingly, bitcoin is seen as a store of value as well as a means to settle large transactions globally.

That pretty much sums up the developments over the past few years. Adoption has been growing at a rapid pace, which is the most important in my opinion.

In short:
By the end of 2017 there was a sharp increase. Bitcoin price was about 20K.
Then the whole of 2018 and up to this point, the price gradually decreases. Now about 3.5K.
Constantly there are discussions about what will happen next. People are divided into two types:
1) people who do not believe that bitcoin will grow and think that you need to withdraw your money.
2) people who believe that bitcoin will increase in price many times, who believe that now is the time to invest in bitcoin.

I will say from myself. I admit the possibility of both outcomes. Therefore, I do not put all the money on Bitcoin. However, I inject bit of my savings into Bitcoin now at this price. I think this is logical. And if bitcoin drops even lower, I won’t lose much on that.

To be honest, cryptocurrency is limited to speculation market on a higher scale and that is not the core essence of it at all. Yes, there are some merchants accepting cryptocurrencies as a form of payment but I am expecting higher growth of crypto adoption in our day to day activities. On the other hand, Crypto is also struggling on legal aspects where we don't have recognition in the eyes of law in many countries across the world which is a barrier to the growth of this innovation. However, there are some promising efforts are being taken to increase the utility value of cryptocurrencies and I do see the optimistic picture of the market for the coming years.

Well definitely it's not on it's way to replace fiat at this point. One thing you've missed if you've been away for that long is the 2017 run that probably did more harm than good for many people. Also because of that, bitcoin has gained faniliarity among the masses though it doesn't seem to be on a positive note.

No I don't think the value will still reducing so I cannot trust anymore the development of it will be possible to the quicker period but some hope will be there for all people who are trusted Bitcoin are also in that case definitely it will not leave our hand very soon.

Those people who knew nothing about trading would have been harmed no matter what thing they bought. Same goes for miners who thought bitcoin would keep that inflated price and spent too much too quickly (even Bitmain) instead of keeping savings from the temporary bubble.

When you see a bull run, it is too late. Wait until is over and the price goes down (like now) to buy again. Of course price might go a bit further down due to Chinese new year, but that's a yearly cyclic event.

If you see it in the long run (such as 2013 vs 2019) its has clearly gained value at a more moderate rate, but still impressive for something that was supposed to be "nothing" (this "nothingness" seems to be valuable to the markets, go figure).

Commercial media loves sensationalism and doesn't care about spreading FUD to bitcoin as long as they make more views/sales etc. Crime was committed with bitcoin, as if crime wasn't committed with fiat 99% of the time. Same things could be said about internet, computers, electricity, guns, knives...

When you are your own bank, you assume those responsibilities. Ignore them and you lose money, is that simple.

A lot has changed since 2014. Obviously the price started to pick up around late 2015 and reached it's peak in December 2017. Sadly though you may have missed it.

But don't be disheartened, plenty of times to invest specially that the price is still cheap at the moment. You don't want to miss the bandwagon the second time around so better to invest as early as you can.

Well cryptocurrency and bitcoin both are moving forward in the financial world with adoption into small and large scale businesses specially targeting online market even governments and other major centralized organizations made restrictions and regulations for existence of bitcoin and crypto but even such parties are becoming more and more open mind because there potential qualities are undeniable so in the near future we would see proper use of crypto than today

It is moving forward and soon many patient holders will benefit from and even the now the market seems to recover from its drop and some say this is due to the decline of the stock market but what ever the reason behind what we all know is bitcoin is going through a successful path than the past by adapting into businesses and expanding its areas and gaining more users day by day so I think for anyone who invested in bitcoin the glorious days are ahead

Currently, it is not a commodity, and it is almost like a kind of stock received when you invest in ICOs projects. Special coins you get can exchange on exchange platforms. It is almost like the current stock but it can be anonymous, and this is the reason for attracting many financial investors.

The government will most probably adopt cryptocurrency but it will be one that they create and control probably by the IMF and this will lead to the end of cash where it will become illegal and then the government will really have you by the balls since if the banks start to impose negative interest rates you wont be able to withdrawal your money and then you really are screwed.

crypto is very very slowly replacing fiat and it is mainly because of there users that means us who only seek profits and return on investments but nothing else and that is why they are often used as investment commodities on exchanges but not in businesses to do something great practically and I see a very slow adoption rate which is not that we expect in the beginning when bitcoin and other potential cryptocurrencies were introduced but even slowly fiat might get replaced by crypto and that is certain

Still majority of cryptocurrencies are used as trading commodities which not the intention of anyone who developed them but it has become the reality and some of them are adapting into businesses in a considerable rate but the rest is adopting in a very slow rate because still digital currency concept is new to the world and it might take some time for people to fully understand and accept crypto to combine with there business functions which is possible but might take some time 

Mostly people use it for trading now, but actually it is long term investment because the deflation will make the price go up.  The transaction speed is not a problem, it still fast. It's not just matter of adoption but also economic improvement, anyone can gain profit if they do the right strategy in bitcoin investment.

There is no big change will happen to the cryptocurrency still now but a little science for development will be there for our eyes so we can definitely trust this year to be the biggest value for the development also but everything has happened we can definitely adopted for it.

What I can tell you is that cryptocurrency is the order of the day because with cryptocurrency you can carry out you transactions without any third party involvement which have given us the total to our financial world and transactions, cryptocurrency is still very profitable at the present time because it has always been volatile and decentralized.

Transactions are the biggest problem and they have to change; they are fast but too high fees all disturb. To make the bitcoin progress, we need to attract new investors, we must prove that bitcoins are above all and a special crypto currency.

Cryptocurrency as you know it, hasn’t changed much. Yes, there have been advancements   and one of which is that it can be acquired with many means. The originally known means is via trading, then some other means too, but by being in this platform with us, the most common means is via ICO – initial coin offering.
Welcome back to the crypto world.

It's more of a high risk - high reward investment, similar to internet company stocks during dotcom bubble. A ton of coins has emerged, all claiming to be the next big things, but they are all on early stages of development which happens very-very slowly. Only Bitcoin is different, because it actually is being improved, so only Bitcoin can be considered a true long-term investment.

As for replacing fiat, this isn't happening on any significant scale, all the places that accept Bitcoin do so as an additional option. And very-very few people in the world are trying to go full crypto.

i dont think so, if there is a change to a bitcoin crypto. for me still the question is whether there is a change or nothing, because until now it is still trying me to trade both because everyone wants money. But after all i look forward for the future that I want to reach, moving on to the future of bitcoin. and that would be the bitcoin back then. and can fucos in an investment in order to earn good profits and great value.

What I have seen from year to year, Bitcoin has more become an investment asset than transaction asset. Also after the end of 2017, I think the hype of Bitcoin and other crypto has been decreased from time to time because of price keep falling and makes people quit from crypto.
With too many regulation dramas happens it makes Bitcoin and other cryptos difficult to raise...

Cryptocurrency today is Bitcoin and many smaller currencies. Some traders and analysts believe that Bitcoin is dying, new cryptocurrencies are coming to replace it. However, the second half of people think differently. I belong to one of them. We believe that Bitcoin will still rise, that the jump at the end of 2017 doesn't play a role in the stable growth of Bitcoin. At the moment, it is difficult to confirm this theory, since Bitcoin still holds around 3.5K. But time will tell us who is right!

Many things have changed, to cite one which I think is the most important, the people have started to think for themselves. With the past hype on bitcoin and cypto in general, many people didn't act prudently and just bought in because of the trend without knowing the underlying tech. Because of this, they got burnt. So now, we are left with people who use their head.

Cryptocurrencies are moving forward but not as the world expected and that is mainly due to lack of adoption and that is why even there are many number of crypto in the market we don't see them used for practical and necessary situations so there is definitely a problem here which haven't addressed properly and I doubt introducing more and more cryptocurrencies will help to solve this issue so we need some game changer to make them more usable in real life and give them a proper value which can help them move forward

You made a good point here. Bitcoin has become a digital asset whose price is based on speculation. The supposedly track of bitcoin has improved but not enough to totally usable in financial transactions. The development has to be re-focus again, to make bitcoin mainstream.

Talking about real Cryptocurrency, crypto has been formed a few years ago and is now quite famous, now widespread throughout the world,
With the support of the development of financial technology so far, now it has begun to penetrate with the global prepaid system.
The first cryptocurrency to achieve success was Bitcoin, so that the initiator of the emergence of other types of cryptocurrency happened, which all this time everyone knew and competed with Bitcoin crypto not only for investment but also for business in other currency transactionsdigital.

There is no currency that doesn't disappoint these days in the digital currency world even its bitcoin or crypto markets and also when considering cryptocurrencies there are becoming a good investment option for many potential investors due to there popularity and the demand so the best thing to do is learn about potential altcoins that investing in everything because unlike trustworthiness of bitcoin  there are significant amount of scams in the crypto market so it is too potential but should be done very carefully

Much of the change that has taken place in the last few years since you were in the space are more of awareness, some platforms being built and a lot of projects are being developed,but the built of them are still grossly under utilized.Price growth is principally on speculations -not actual use

People need to be patient, everyday we are gaining more users.  If you actually look at all the future updates planned for bitcoin you should be excited.  The winklevoss twins are opening their own exchange, ETF may be coming in the future, Bitcoin ATMs are spreading throughout the world.

Well , most crypto quite stable at the moment and it's on downtrending when I try to analyze with MA 100,200
If you ask me , the speed of transaction, bitcoin is better if you're using it on global purchase but in local, fiat still the best.
But remember that bitcoin is an investment tool not fiat so they are completely different things

You know what mate, we are in the world of trading where all altcoins in every platform are volatile. Through this we survive as a traders, if you are doing trade most of the time in the market.  But if you are a bullish, it is much less into risk involvement as a coin holders. But so far, nothing's change in the market, its almost the same as what happen last 2018.

The entire cryptocurrency market is on the downtrend. Even experts find it difficult to predict the market situation as the market has fallen beyond the predictions put forth earlier. Price will move forward, but for the same to happen we need some force to make a forward push. The forward push can be of some special event or some large scale adoption. Hope the recovery happens at the earliest supporting the growth of cryptocurrency network.

It wrong to ascribe the positive change to time because bitcoin has always been on stable and time is not a determining factor for any change but demand is the only means for any change in the price whether positive or negative, taking a long break with the hope to return and meet a bull run is a bad mindset and can end you in disappointment.

Crypto is considered an investment tool, because of low adoption rate in traditional markets.  Adoption is the most difficult and compulsive target for crypto currencies and there is a long way to go. But it will change soon and we heard about news that of a new way for adoption.

I think that cryptocurrencies are a good alternative to traditional fiat. But neither banks nor governments use it now. We need some time before accepting crypto. IT would be great if some companies will start accepting bitcoin as a payment. It might be a good first step.

For the first time in history, the bitcoin community is separated. 2009-2015 everyone who had ever entered the bitcoin space was supportive of the projects, now most early devs and proponents have either cashed out or gone into other coins they see more potential in.
That and the fact that 2017 were bananas, backed by nothing but greed. Stupidity is limitless but money is limited - so a downturn was obvious to predict.
I do regret starting to sell as early as $4,000 in 2017 but that's life.

What you are seeing today is basically what has been going on fiat won't replace Cryptocurrency, bitcoin is down today due to its nature and other Coin follow its lead. Is not all about the speed of transaction everything is working fine is just due to FUD around that makes things look different.

indeed crypto is technological advancement for now, but the conditions we want are also not as smooth as we imagined, because most every government in the country does not approve of crypto circulating, and is used by its people. so sometimes this also quite inhibits the development of crypto in the future.

Cryptocurrency market growing more bigger compare 2014. Bitcoin highest price at $20k and right now below $4000. I think cryptocurrency market will survive in this bear market. BAKKT will launch bitcoin ETF and i think this will make bitcoin price rising again

Cryptocurrency is certainly moving forward but in oder for us to see they replace fiat at least for a certain extend it might take several years because today the entire market it self in a bearish condition and even many potential Altcoin's in the past are traded for garbage prices so like bitcoin the stability is less at the moment in many cryptocurrencies but there is adoption into businesses specially targeting online retail market, Shopping business so even slowly majority of crypto are moving in a successful path

This is a very good tool to use for long-term investment, only a handful of people who have high patience in order to get big profits, does not mean not good, the matter of gold is used for real investment not with bitcoin which is an uncertain price. when compared to fiat currencies that have unchanged prices.

Maybe you don't have friends who have good knowledge about Cryptocurrency, to encourage your belief that Cryptocurrency will easily replace fiat currencies, I know with doubts that you know Bitcoin in 2014 and for 3 years you are resting, so you don't realize you passing a moment of a very good moment, when bitcoin has a very fantastic price, when you rest for 3 years, so you are influenced by people who do not have high confidence and patience.

What change in cryptocurrency market is many project created and many new exchanger with OTC feature. Beside that, bitcoin ETF will happen in this year if BAKKT start launching. Many good thing happen in the future and i am believe crypto is good long term investment

Technology is moving very fast in crypto currency. Compare the bitcoin transactions times and other new currencies which are relatively new and you will see the difference. Bitcoin only hides the person who is sending receiving the coins, while Privacy coins can only hide transactions themselves and you never know which address send to which address.

Here in this forum you will learn a lot of things both informative and none informative its up to you to handle every aspect. During your days reading and searching you will find out something new and old information base on other experiences. You will learn from them. Leaning and be patient is very necessary to be able to observe correctly the particular coin that you would probably invest.

Yes.I have seen that the current market condition is not that bad but it's not also very positive and progressive.Although we have seen a short price increase but then,it will also bounce back a day after.But i think we should not lose hope because bitcoin may surprisingly skyrocket again and bring us to the moon again.So we should keep trusting bitcoin and should not doubt its high volatility.

With bitcoin acceptance in governments and other major organizations crpyotcurrencies will definitely have a chance to move forward that they are doing right now because due to lack of acceptance by majority of centralized governments or companies there progress is very slow when considering past years and that is why majority of altcoins are not yet adopted into any businesses but with the above change in the bitcoin world I think it can give a good push for cryptocurrencies to move forward with confidence

Crypto world is expanding unlike in the past due to the use of latest technology by making transactions more secure convenient and reliable and that is something expected because from 2009 to until now the IT field has developed immensely so currency cryptocurrencies has become more effective for businesses and  that is the reason majority of companies are trying to launch there own digital currencies to target crypto communities are gain more income

Until a number of times the SEC rejected Bitcoin ETFs, and it was indeed impossible to replace Fiat. Bitcoin is only a long-term trade and investment in the past. The biggest change now is the ubiquitous market game by big holders.

Firstly bear in mind that bitcoin was not designed to replace FIAT,
it was designed as an alternative payment system. Today it has
been adopted as both a trading commodity and an investment.
Thats 3 utilities which it has become.

There are no processing speed or transaction fee problems any
more and they will become less so going forward.
Check out SEGWIT and LIGHTNING

It seems to me that all these options are suitable for today's explanation of cryptocurrency.While you were resting, many ICO collected large sums, many new cryptocurrencies appeared.You are not late for the crypto train, and therefore study the market as soon as possible and start investing.

For now it is not late to get into the system,as the network is in its prime,and now the prices are low for one to purchase large amounts of coins.
For now we cannot say that cryptocurrency is replacing fiat,neither do we believe it will,and we know that they can work closely together,you for sure are not late and can tap into the networks repertoire.
Just invest with a reduced amount and cut down on your risks

That's true
But the strange and strange that the price of btc associated with Fiat , in the sense that the relationship is reversed between them.
Here I am talking about the price of the btc , which is a fraction of the value of the btc
Which constitute a major shift towards
 a new global financial system that frees peoples from the domination of the current financial system.

First , bitcoin has not replaced fiat and I am sure it's not happening anytime soon.
Both fiat and bitcoin clearly have their functions and it goes to say that bitcoin cannot function as fiat likewise fiat functioning as bitcoin.
One is decentralized while the other is centralized.
Poles apart.
The market was relatively stable prior to 2017 that saw one of the most talked about market surge in the history of Cryptocurrency.
That's why we are where we are today .

I'm sure that the moment will come when the exchanges will boil up on the number of transactions and new users! I'll get it already! At the moment there is no price increase, but as they say: "wait for the storm after a lull". Growth must necessarily occur sooner or later.

Bitcoin was meant to be an alternative to the original monetary system seeing the increasing size of national debts and also the rising inflation rate. With the introduction of bitcoin the demise of fiat was not the idea. It may or may not happen. But bitcoin has its own advantages that make it unique and worth putting your time and money in it, like immutability and censorship resistance.

No. There were the silk road incident before which there was a big pump. We had Mt Gox incident as well with a big dump. Market was never stable to that extent. :)

I do think the problem about bitcoin was not really about transaction speed. Well, we all know it did create an impact but the most pressing problem with bitcoin is its volatility and the lack of support from some countries that could have made it big as a digital currency. Banning of bitcoins did create a lot of trouble and probably spreads FUD among investors which resulted to prices going very low. As for now bitcoin settles around a low bottom which could as well be the real starting point for going up again. There was not much of a movement for now not unless some investors would lit the fire up again. Everyone was so cautious this time.

the price of bitcoin and all other crypto currency and their project tokens may not have appreciated to the height in which the crypto enthusiasts expect it to get to but then the massive adoption of the technology has known no bounds as people around the globe have now accepted and started incorporating the technology into their own works and professions

Transaction speed seemed like an issue but was not actually an issue. It was the root of propaganda for shitcoin maximalists to promote their coins trying to sabotage bitcoin something that I personally condemn. Adopt segwit and pay low fees if you are too bothered about it. But altcoin kid shills have to make a fuss about everything in life.

Volatility is time dependent and news dependent and not is not under to control of anybody behind the development. Government support wont happen anytime soon so better to forget about it.

Typical government censorship methods. But bitcoin is censorship resistant.

Since the beginning Cryptocurrency world has developed but Volatility has become a common thing for any cryptocurrency because token prices are depends on the demand and supply and in the crypto world even the supply is limited the prices tends to decrease or increase more often due to the rapid change of demand and that happens because majority of users in the cryptocurrency world use them as trading commodities but not with any businesses so with that there value is unstable most of the time but it can change by adoption in the future

As we expected cryptocurrency market is moving forward due to higher demand from modernization of economical system in the current world ans that is why majority of companies tends to introduce there own altcoin by promising better benefits and features to there users but to make it more expandable the adoption rate should be increase by making cryptocurrencies more popular in among financial organizations and introducing crypto backed truly effective systems that will provide practical solutions to financial problems that we face today

The price and the value are two different things and although the technology is improving and the value rises, the price is influenced by market psychology. In other words, don't look at the short term price. The minimum that you should be looking at is yearly average. For instance, in 2018 the price was at around 6k USD on the average and there shouldn't be any large deviation from this in 2019. We may end up at 5k average price, but there won't be any crazy lows like a sudden 1k for 2 or 3 months straight. Your chance to buy a 1k Bitcoin is gone forever.

I think a lot has changed in crypto in the last 3 years, since then the biggest bull run has come and gone and in the last year we have experienced the longest bear run. But for some months the crypto market has been less volatile, bitcoin adoption has also skyrockets in the same period.

The price going up is not essentially a sign of development or market adoption. These have a slow growth curve showing that more bagholders are gradually buying into it which is a good thing. But in 2017 Q4 it was a manipulated pump as per consensus with the tether minting by bitfinex, so it was bound to fall - the only thing is that it made a lot of people elated and they forgot to sell and cash out some coins at that time.

Those people are the reason why spreading of FUD occurs. They are get-rich-quick wannabes who went capitulating once the market crashed. This however did not hamper development.

Most of the users of cryptocurrencies are only using it for speculation and not for utility purposes. It is the main problem that the market nowadays because there are bitcoin users who doesn't see the bitcoin as a new technology but rather an investment where they can make profit.

It is purely investment as they think cause it happens that crypto isn't acceptable in some areas and they should have to change it into their local currency to used. But for the others, they have used it in buying stuffs and bills payment.
Crypto are still on the development stage and with that, we can expect to have a 100% spendable and yet it still be consider as an investment rather than to be a utility in form.

Well, if bitcoins are used extensively then people will leave the fiat and convert to only bitcoins. The reason for this is that there are so many advantages of bitcoin over fiat that people will automatically leave fiat and shift to crypto.
Currently bitcoin is mostly used as a trading assets and in the investment prospective. We need to find ways where people use it as a currency.

I do not believe even in the long term that crypto currency will replace fiat currency, they will work in tandem, bitcoin will be useful for many transaction like international trade and commerce where huge sum of money is involved, they can save transaction charges and it will benefit the company in the long term if they can avoid forex charges as will as for tourist traveling around the globe as they can spend money in bitcoin rather than converting it to local currency and yet no one is exploring these option to the fullest but eventually it will happen, the speed of transaction of bitcoin is getting better and the transaction charges are minimal right now.

I do believe that it might replace it at some extent though in the minds of some users(I will probably be included).

Why not help the advancement of society instead of staying like it is today but so many problems in so many places that can be solved? Bitcoin and Blockchain is definitely a start.

So far it's still young. But it will move forward sooner than a lot of people think but it won't be quick.

It is for long term investments. Nothing much has changed. Bitcoin is still crypto that is unpredicted. Lol. There are small bull run that is happening this year. But last year was a tragedy. From 8k dumped to 3-4k. If you are back with bitcoin, do not be surprised for the unexpected dump and pump.

Not really makes surprised as it happens many times, but those unexpected huge dumps really shock for the community and even now the market never shows indication for the rise. Nothing to do with the market but to move on and accept of what we have now. 
For the crisis we face now, never be a reason to left crypto behind but instead it could build a strong bond by then.

In the past few years, new encrypted currencies have emerged, including many innovations. Today, let's look at the core functions of encrypted money.



Security is required for any scenario



The most important thing for encrypted money is security. It is precisely because of the block chain, the security guarantee of the underlying accounts, that the balance of encrypted currency has a clear ownership of property rights. However, the following aspects affect the security of block chain, thus affecting the security of encrypted currency.



The distribution of arithmetic affects safety. If the calculation is too concentrated, the possibility of the whole network being attacked will increase. When you concentrate, there is a possibility that the block chain will be rewritten, and your currency may even become not yours. The value of encrypted currency on such block chains is greatly discounted. Miners have enough discretion to encrypt money safely, which is what people call de-centralization.



Algorithms affect security. Each encrypted currency tries to use different algorithms from other projects. Because if you use the same algorithm as another encrypted currency and unfortunately have a lower market value, you may be attacked.



For example, ETC and ETH have the same algorithm, but ETC market value and computing power are much smaller, which leads to large miners in ETH can easily realize the calculation attack on ETC. However, there are still some proactive and foolish projects in the market, such as KMD. KMD actively mines with Bitcoin, and Bitcoin miners can simultaneously mine KMD, which is equivalent to initiatively reducing the cost of being attacked by Bitcoin miners.



The algorithm also affects de-centralization at another level. Some algorithms are deliberately designed to mine only general purpose graphics cards and CPUs, avoiding some special chips as far as possible. This is because once efficient dedicated chips appear in the market, such chips are often controlled by individual manufacturers. Not everyone has easy access to these chips, which leads to another centralization.



Any encrypted currency project should try its best to solve the security problem. If this project is not done well, it can be directly PASS.



Holding scenario: hedging

In order to encourage users to hold, virtual money has a clear and transparent distribution rules. Most of the encrypted currency issuance is gradually decreasing, such as Bitcoin, Wright coin and so on. Even if a small amount of encrypted currency issuance decreases, the annual issuance ratio or issuance quantity will be controlled.

This allows a good encrypted currency to be invested or preserved.

Payment Scenario: Privacy, Convenience

Transfer payment is the most basic use scenario of encrypted currency, many projects will work hard in this regard. Privacy-conscious encrypted currencies are constantly emerging in the market, such as DASH, XMR, ZCASH, GRIN and so on. There are also a lot of project optimization convenience issues, such as faster check-in time, more convenient operation (light wallet and mobile wallet, etc.), larger capacity (expansion, reduce peak waiting) and so on.

Payment scenarios are probably the biggest use scenarios for money. Many projects are aimed at providing simple payment capacity, without advanced functions such as intelligent contracts, but belong to the most successful encrypted currencies, such as Bitcoin, Wright, DASH, XMR and so on. The same is true of the hot GRIN recently.

Diversified scenarios require intelligent contracts

In addition to payment, there are many scenarios for the use of money. Block chain systems provide programmable accounting capabilities (smart contracts) that allow encrypted currency to be applied in these complex scenarios. In the latest encrypted currency project, smart contracts are almost standard matching.

For example, project financing can use pre-programmed procedures, so that each investor can ensure that they are treated fairly. Decentralized exchanges can also use smart contracts to convince both parties that they will not be deceived.

Smart contracts greatly expand the usage scenario of encrypted currency. The first ETF to support intelligent contracts has achieved great success.

Scenes that combine with the real world require prophets

Intelligent contracts can only use data on block chains. The function of predictor can bring data out of block chains into the chain, so that encrypted currency can be used in real world scenarios. For example, by incorporating gold price and encrypted currency price into the block chain, gold futures can be traded in encrypted currency.

However, the role of the predictor has not yet been played, and it is not known whether there will be suitable scenarios in the future.

Thats right mate. Your analysis will be wrong 50% of the time. Best is to observe the charts and just buy stacks of coins at low price and then sell them at the bull market. Rinse and repeat this and with every cycle you should be making money with the price difference. The problem is some people are always attracted to shitcoins and end up wasting time there than on bitcoin.

Its not a tragedy. Its market movement. Movement might be manipulated or may not be. Fact is if you can make money from the market then you are a winner. ;D

from 2014, we all know that the bitcoin will give the affect in the future, but i think it can be growing faster because there are many factors, like th policy every country and i think it will grow when bitcoin and cryptocurrency can break the policy in every country

Governments policies and regulations has become main reasons why majority of cryptocurrencies are not yet adopted into businesses and even some of them are adapting into businesses the rate is very slow so it might take some time for governments and people to fully understand and accept cryptocurrencies to combine with there main economical structure and businesses which is possible but might take some time 

Well its not that popular yet. Fiat is what everyone is still using on a large scale and the acceptance of crypto in the world is still below 1% pretty much in the fraction range. ;D

You have to understand that governments dont want to make themselves look dirty but accepting bitcoin - the reason being nocoiners and bankers will always be negative towards bitcoin and they would never want governments to change side. Heck they are the one who control the government. Still its not worth thinking what will happen in future but make sure to promote bitcoin yourself without making yourself look like an idiot. :D

That should in my opinion be what every bitcoiner would do logically and it should make the adoption grow and move forward.

Btc has being on the lower end for now from last few months. This year could just be the change of the year and might start booming in coming time and crossing the first hurdle of 5k, 10k etc and keep on moving forward from here.

We can expect this trend to change in this years because cryptocrrencies are doing very well with proper adoption and gathering more users day by day and what need is more time to make prices more stable with recovery because adoption rate got very slow recently mainly because during the previous price decrease the dip was much higher and losses for investors were much bigger than any other time in the crypto market history so many traders lost there hard earned money instantly so with that kind of situation merchants are little hesitant to accept crypto but time will definitely cure this problem  and cryptocurrencies move forward with more stability than ever

Many peoples have different point of view about cryptocurrency.
Some of them are using crypto only as a trading currency and make profit from that, some of them are using crypto to take a part in some projects.
If you ask whether the transaction speed is a problem or not, i think there are other cryptocurrencies that have very fast transaction speed aside from bitcoin.

No mate bitcoin isnt only for long term investment because it can also be used for short or mid term and most importantly bitcoin's primary use is for paying and buying .


Bitcoin isnt unpredicted anymore because the longer it runs the more stable the value it gets  . one example is the price nowadays .


Last year was better than compared to this year because last year bitcoins value is still high but after the start of 2019 , the price fell dramatically.

We can't say last year was better because we haven't seen the rest of this year we're only 2 months in things could get worse for Bitcoin but i'm hoping that it stays somewhat stable until the end of the year.

You're not wrong but you'll find more success if you go with long term investments instead of short and mid term investments.

Altcoins does have better transaction speed but they're not widely accepted like Bitcoin.

This is very strange:

Name: cryptomous
Posts: 2
Activity: 2
Merit: 0
Position: Newbie
Date Registered: July 15, 2017, 04:07:08 PM
Last Active: February 04, 2019, 01:44:11 PM

and has this:

About the transaction speed?maybe its not a problem now because you can rely on the speed in every transactions you will make

And you are also correct about shops tht accepting bitcoin now,but the big problem and i guess you know about is the governments mass regulation happening this past years so what we are looking forward is mass adoption for the crypto to be used more preferably in online transacting

I think Bitcoin is more of an investment right now instead of using it as a currency. Yeah there are some establishments who are accepting Bitcoin and other cryptos at this moment and I'm hoping that this will increase in the succeeding years.

I think the problem right now is the transaction as always and lack of regulation of it.

Bitcoin is an investment .
The major problem of bitcoin now which is seen to be decreasing adoption rate is the issue of volatility.
Volatility is a great turn off to institutional investors as well as individuals.
Again, bitcoin is not in any going to replace Fiat as their functions differs from other.

There are a lot of changes that we can see nowadays, there are now governments that legalized cryptocurrencies in their country. They say that it is now preferable to use cryptocurrencies than fiat currency because of its convenience in terms of transaction.

In these past years, we saw the improvements within the cryptocurrency market. The cryptocurrency community is becoming more stronger than before, there are now also many businesses that starting to accept cryptocurrencies due to its unique characteristics.

Once bitcoin was used as a platform for some sort of illegal and gambling needs. Later it evolved similar to a currency with just the virtual presence. Soon after the same the market has come to provide users with some sort of earning access serving as a trading asset as more and more cryptocurrency came into existence. Truly it is moving forward with massive adoption happening with time.

I was not here back when 2014. When cryptocurrency and bitcoin are coined as bubble burst. However, in this scenario, I feel like where are returning backwardly since many people lose again their beliefs in cryptocurrency. I do not know the root cause why crypto space goes down but it may lead to a big devastation once it will not cure and the market still not recovering. Bitcoin gives us a source of income and it was already proved that it changed the life of every people, either an investor or hunter.

That's right, there's already businesses that caters crypto payments and government to legalized the used of crypto, but for sure its not too late
to review and research every information that's needed in order for OP to catch up with how the trend goes, bigger difference with the value and
a lots of newer projects to choose but the same intentions to become a currency that can workout with local fiat.

Welcome back, and I do hope that deciding to comeback would bring you more interest to stay for good.

Good to know that you are back after a long gap of 3 years. I would like to know what made you think you should return to bitcoin because lately, I have seen many people quitting crypto.
bitcoin is now more dominated by speculators and this has lead to an increase in the price of bitcoin. I would say that whatever happened was for the best of it.
bitcoin was over valued in the end of 2017 and a correction in it's price was definitely necessary according to me. Now that the correction is over, I guess bitcoin should start rising soon.

Lol big changes came in 2017 and that placed bitcoin in a lot of people's radar. And then 2018 happened that probably placed a big question in bitcoin for would-be investors. I think the guy can already back track from there. You don't often see bitcoin and crypto in news and social media back in 2014.

The serious issue with digital currency presently is the bear showcase, which is a piece of its points of interest. Numerous crypto clients are truly regretting now since it has influenced market esteem so much that moving most coin presently is very nearly a waste. Furthermore, I think we simply must be persistent. There is light toward the finish of the turned.

Yes, in my opinion the current bitcoin movement will be a good sign though a little slow but sure.
we must be optimistic that we will continue to survive and hold it in the stage of increasing current bitcoin to go up and wait for the highest prices, this year's movements such as 2017 and its peak at the end of the year at very high prices.

Since I realize numerous things have changed, to refer to one which I believe is the most imperative, the general population have begun to have a problem solving attitude. With the past publicity on bitcoin and crypto when all is said in done, numerous individuals didn't act judiciously and just purchased in due to the pattern without knowing the hidden tech. Along these lines, they got scorched. So now, we are left with individuals who think carefully.

Moreover, crypto transaction is faster than before. The adoption of crypto is faster and then the price gets lower but still it is popular in the market. It is an alternative currency which will not replace even fiat. For now with the price, it is an investment to everyone which hopes to gain when the price gain a recovery.

Nothing to think dude,  we ate actually moving forward and I believe everyone are happy to see the market flowing up.  But still we can't guarantee of its continuous pump, only we just make a wish and even reaching into $5k might be good enough for me.

Yes, no matter if it's a small increase, the price still increase. I am sure the next wave will come to us, and in that time, we will see the price will increase higher. We see the lower price in 2018 and 2019, and we might see the price can go up again. All coin now is starting to search a new way to increase, and it will happen soon. So we need to wait and see what the next things that might come.

Without a strong desire it is very difficult to achieve progress in the crypto business, because price movements are always changing in the not too distant future. Trade becomes very aggressive, buying and selling occurs in a very fast time.
Is this good for crypto trading? I think this is a sign that there is a fairly good movement of transactions for crypto progress, because more and more demand for prices tends to rise.

It was not a continuous pump ever in the history of cryptocurrencies. There are transient pumps and dumps depending on what is going on in the news and some altcoins buzzing around with new partnerships and bullish announcements. Then there is the halving coming soon as well which should bring a bull trend in bitcoin as well. Moving forward would not be a correctly applied term. Its more like market is getting pumped by people buying coins since they are still low and are in a good position to buy now.

5k is not the target lets be optimistic and look out for the next 10k pump. ;D

I still wouldn't call current situation a change, at least not significant one. It's a minor positive price correction which is good to see but let's not be too optimistic too soon. There is still long way to go untill we could say that the price and the market is recovered. Let's hope this small increase will become a trend and that price will continue to grow but untill that happens and the price crosses 6000$ I would be careful in predictions.

this year the changes in the crypto world have been pretty much so. because the longer the crypto will be more interested. so of course there are many changes in 2019 now. even though in 2019 it was still early but a lot had changed.

Pumps and dumps are just a usual event in crypto trend and we can't finally say that we are headed for another bull run cause it still still not moving hard. I may consider these is just a usual fluctuations and anytime there is a possibilities that it will turn back into declining.
But we could be more optimistic at this time and be more observant with the market cause it is more important to analyze the trends and be safe from losing.

in terms of price as of now, it's still not good for everyone after we experienced the bull run last year. We are all waiting for that to happen again. Cryptocurrencies and ICO's will rise up again. Just dont lose hope and keep on supporting Crypto to have more investors.

In 2019 there are many predictions about bitcoin. Some expect prices to continue to rise, but some are pessimistic that prices are stagnating or declining. I estimate the price will rise, but not more than USD 5,000. The figure that I estimate is around USD4000.
In my opinion, it is good and healthy for bitcoin trading, because all bitcoin business people are not afraid of being exposed to extraordinary price fluctuations, so the attack on bitcoin is also very large.

LOL, there is no way Crypto Currency will replace fiat because of a lot of factors to consider and it will never ever happen even in the future.

The transactions are faster because there is no congestion unlike what happened way back in the year 2017 where the hype is too much and a lot of people are diving into Crypto Currency with the sole intention to multiply their money in a very fast way without knowing what kind of industry this is. If there will be hyping again just like that year it will surely make the transactions slow again because of the number of people that will use Bitcoin and there will be network traffic again. We are experiencing fast transactions right now because there are only a few people using Bitcoin and expect another slow movement of a transaction when the bullish market season comes in.

Crypto price fluctuations are something that is common, just like stock trading or forex. What distinguishes crypto is a digital currency that is physically absent, but its value changes very quickly. Even very large, so it becomes a debate whether it is good for crypto progress or not.
In my opinion it is good, because price fluctuations are an attraction for investors to invest their money, with the aim of obtaining greater profits than trading fiat currencies. Because the majority of crypto owners are speculators.

First, to start with, transaction speed has not been a major problem in cryptocurrency because it depends on how congested the network is. meaning the speed can be fast today and might not tomorrow. About crypto replacing fiat.This is another area in which many projects have make their goal but for me, I do not think its possible for crypto to replace fiat due to large amount of people globally who do not have access to internet not to talk of those that do not know what cryptocurrency is all about. some that even know are complaining about how complex it is to understand.

Everyone might be waiting for the next bull run but that certainly will not improve the reliability of the cryptocurrency because the bull run will not continue for life, meaning crypto will still end up struggling after the end of any bull run. The most important thing is to be bringing up an idea that will strengthen the cryptocurrency through more acceptability globally. This is the only way forward to building a sustainable digital asset that we may not need to wait for the bull run in which later hot crypto and bring negativity to crypto at large.

Some people expect when they invest in crypto they will earn fast and more profits, but its defend in the market situation and how many people use cryptocurrency, for me investing in cryptocurrency is a long term investment. You need courage and patience to do this.

Cryptocurrencies are still in the market now and there are still so many kinds of tokens released from the market nowadays. Is I think, cryptocurrency still continue to move forward make its price high in the market. There are just other crypto that hit its price very low this year just like bitcoin and other.  Best advice from me is to invest first a small amount of money to know if you will be able to get back your investment from it.

The cryptocurrency market showed a sudden increase in the price all of the sudden and the same didn't last for a much longer time period. From the experts prediction it is said that the price seems to move forward and fall back as a Rollercoaster. Upon this there is nothing to get panic, the marketcap has reached a ten month high which assures growth.

well, it hasn't changed much except more people know about it now.
More people are aware of this digital currency now and some Merchants and shopkeepers have started to accept them but
it's not going to replace fiat anytime soon or I should say never. Majority of the world population still believe in fiat. Bitcoin is good and maybe its value go up in the future but it's still a million miles away from replacing fiat.

Changing fiat to cryptocurrency might not work that way but if these two would collaborate then that would be another good idea to promote both fiat and cryptocurrency. Most people doesn't know what is cryptocurrency is and what is Bitcoin actually, that's why they prefer fiat instead of crypto.

I sincerely hope you never give advice to people or people listen to your technicals. Marketcap assures nothing...

Not that I'm ever going to defend experts, but to be quite fair, experts actually have been warning of a pullback, as early as Thursday. Saturday saw some people jump the gun and say they were wrong, but in fact I was actually surprised to see the majority of weekend TA say a pullback was likelier. And it happened.

  Nothing happens faster or in days because if you are planning and hoping to have something bigger for this you will have to wait for fruitful result, otherwise being rush to reach your goal you will get distracted or you can take wrong decision which is all about lose, to prices in market are getting better now and things are getting back to the track to have patience and wait please.

A look at https://coinmarketcap.com/ for Bitcoin over the last 3 years should give you a good piece of the picture. It saw a lot of hype last year that saw it rise to around $20,000 per BTC, and then towards the end of the year it epically crashed losing the majority of that value, and has been on a long bear market ever since, though it's gained some value over the last month. For the most part, it seems to have turned into a investment instrument, probably best for active trading if you have good tools and know what you're doing. Some people have been saying that blockchain has more potential than crypto. There's been a ton of hacks on exchanges, and some issues with blockchains found and exploited. Ripple seems to keep getting institutional investors to join it. Different countries have talked about creating national cryptocurrencies. Regulations have come and changed.

Probably won't replace fiat, unless a government body decides to make centralized tokens mandatory... in which case it's still not really replacing it. It may slowly be accepted by some stores here and there as an alternative payment, but replacing fiat... eh.

Hope that helped a little bit,
Have a good day,
The Cyberius team.

Cryptocurrencies may not replace fiat in the foreseeable future, but I think they will be used more and more gradually by normies (because of some newer coins that are entering the market that are both easy to use and fast), specially when they know they will be immune to devaluations by holding crypto if the time comes and we see another financial crysis.

I think you can invest in bitcoin now, because now the price of bitcoin is also still relatively cheap, so for me right now it's also an opportunity to get more profits by waiting for a while with a higher bitcoin price.

Though one could say that Bitcoin is gradually replacing fiat and in another  scene Bitcoin has replaced fiat in terms of transaction. So, in my opinion Bitcoin is moving very fast and sooner than later it will replace fiat.

This is common with everything, when related to cryptocurrency one needs much more patience to achieve big. In the mean sometimes in the long run results might go against our prediction. It is us who take the necessary steps to stay active in the market overcoming the price variations. Maybe it is difficult for users, but it is achievable and lot many have followed it while very few on luck has profited big in short or even within weeks.

Well, since you said you have been away for 3 years now, it will interest you to know that cryptocurrency attained a great height in 2017, in terms of price. But from the time you started which is 2014 to the current day that we are in right now, it can still be said that cryptocurrency has not actually changed, but has rather gained more recognition and acceptance.

For me the reason is not all shops are pull fledged operational using vitcoin for payment some are using for a teial if bitcoin will be legalized to all country, I think the transaction will be faster.

to date, cryptocurrency has become very familiar to internet users, and has been the talk of many people because many people got rich in 2017 yesterday because the price has surged beyond expectations of all its users

Exactly now no is agree to use fiat because they have got better option than that so why would be spend their time and money to buy things while they can Oder anything online with help of bitcoin so same as you I am very sure bitcoin has almost replaced fiat and it is getting ahead in market for rapid increase in price and volume.

You are stating that you are in the bitcoin market for a long time and are you telling that you missed out on the rally in 2017 since you said you are coming back after a few years and that means you were in a comma to miss the big rally that everyone witnessed. The market is in the same situation where you left but with a much bigger valuation and the market might rise again in a couple of years.

Nah those are transient pump and dumps. Nothing to be worried or surprised about. The pump of 2017 was due to the tether manipulation and also the social media going viral about crypto which accelerated the pump. Now since its not doing that anymore there is no such "inorganic"/manipulated pump. That is why this is a good level to buy in and the support at this level of 3.8k USD is pretty good but feel free to place buy orders at lower prices as well.

The bottom line is that there will be transient pump and dumps but the future price of bitcoin will rise due to deflationary system of bitcoin. Hence without doubt it is a coin would stocking up on and not wasting a single satoshi.

Combined all of them, the problem is not only about the speed of transaction, there are other problems too. In my opinion bitcoin still same like the old time, the different is more people start knowing about bitcoin and learn about it, also find an opportunity in bitcoin too.

Yes, 2017 was the year when many people got rich and everyone wished they could have also got some profit from that rally. Those who missed out at that time will really be regretting now.



I think we will get next bull near 2020, and it will be bigger than the one in 2017. Only those who show patience now and not panic sell, will get benefit for it in the long run.

The price of bitcoin from 2014 to now changed a lot but still it an investment not accepted as currency in most part of the world.In my opinion the very volatile price nature of the bitcoin is the probelm being adopted not the speed of transaction at first cause.

We all know, of course, that the difference in the current market with the market is certainly very different. the problem is that the crypto market has now developed, and of course many people are interested. so for now we don't stop crying into crypto. the problem is the opportunity is before our eyes

You are already catch up my friend . Bitcoin as a store of value for  a long  term investment. They also consider it as an asset as bitcoin deposited on your own  wallet.  A  kind of propertty , as being a commodity that you can go by trading. A currency that could be used  in exchange  and as a mode of payments.

With certain small rise, it's only giving investors an idea that anytime the market can recovers, there's a less interest indeed as 2018
didn't performed well and a lots of frustrated weak holders lose their money because of lack of knowledge, it can still be a progressive
movement within this year before we see the actual bull to bounce back.

Cryptocurrency will never replace fiat but most probably will remain as an investment thing for people and yes it somewhat changed the financial part of the world when prices peeked up and also dropped down hard. I have no idea where Bitcoin will go on the near future.

we should understand that the market is falling. but we also understand the price decline is temporary, if we want to wait for sure the market will move up in accordance with the situation that occurred. price movements do move very fast, if we are good at responding then we can still get a profit.

There isn't much difference from bitcoin, actually. the most obvious difference in terms of price. Of course you are very surprised when you see the current price reaches $4k right? even though in 2014, prices were still very low. and of course you missed the big pump last year, that's a pity, but it's okay. You can invest again and look for other opportunities

Bitcoin has yet to be officially used as a digital currency used by the state. But many countries do not prohibit residents from using bitcoin for transactions or investments.
From this analysis it can be concluded someday when the application of bitcoin is evenly distributed, the system of financial transactions between regions and between countries is not through banking, because bitcoin uses a peer to peer system.

I agree that not much has changed since 2014, though we are seeing the development of scaling solutions and increased institutional interest. The philosophy underlying cryptocurrencies and the price volatility are pretty much the same. I would say the same market dynamics are in place, but we are much further along in the industry's development.

Bitcoin can and will change the world to a better world. It has this special power. Bitcoin was invented to give a second chance to the real banks in this world, to give a second chance to the daily prices that go up. I went today to buy food, I spent in Romanian Lei approx. 10 dollars for nothing (two slices of bread, a beer, two 100 grams packs of food, approx nothing) !!!  10 years ago, I would have paid for this food 2 dollars (in Romanian Lei).

  I do not know the prices in Germany, France, UK, etc, but here in Romania (and in Eastern Europe) it is havoc (and I guess this happens also in Germany, France and UK). Real Havoc, with prices, with banks, with money. There is no money, food stores are asking prices that go to the sky, people are poor, especially in the Eastern Europe, and Russia. Without money there is no industrial production, there is no food, there is no economy.

Bitcoin was invented especially to give people money, the money that they do not have. I repeat, I do not know the prices in the Western Europe and US (for food, etc), but where I live it is simply havoc.

I am a physicist engineer, I am 50 years old, I worked every day (since I was 4 years old, 4 - 10 hours every day) and now at 50 years old, I live in a cracked apartment (from a big quake that happened 42 years ago in Romania) and I earn approx 400 dollars/month. The food prices go up every day.

I pray to God that that the bitcoin price increase (go up, appreciate its value) as this happened many times since 2008. They say (forecasts) that the price of bitcoin will start to increase (to go up) in October- December 2019 (this year) and it will go as high as 600 000 (dollars)- 1 000 000 (1 million dollars) in 2023-2024.




 I

actually, until now, I have only seen the stability of bitcoin in the last 2 months. it shows the same development. in different months, the price of bitcoin reaches $ 4k. it might repeat this month and I hope the price can be stable. well, so far there has been no major development.

The rise and fall of Bitcoin solely lies on the Hold and sales, also from the news feeds which heavily contributed to it downfall last year till now. As far i could see, nothing has changed either but moving forward. Bitcoin may not be moving fast like we want but certainly its moving in my opinion.

The glimpse of what is happening right now will be judged after the success of bitcoin adoptions, though there's still a big argument replacing fiat, but working along with the current system will  improved the chance that it will be on its way for more successful future, we have to keep in mind that it's still have a long journey before it will be concluded.

No one expected it when bitcoin begun its sudden run to 20k (well, almost no one, and the mainstream laughed at it). Whatever happens next... it'll be the same result. Everyone surprised and huge FOMO in case of a bigger ride. Hopefully it doesn't mean another ICO insanity - let's just hope the market is mature enough

It should be enough for us, if it is moving then it will be high very soon but w will have to wait, I know there are many people who were expecting high pump in march and April 2019 but it is a little slow I think instead of being worry or discouraged people should invest more at low price and hold until it recover fully extent.

There is no problem about the speed of transaction or the confirmation period whenever you send bitcoin to anyone.

It depends on how much your fee does.

If we describe the events briefly, then after the hype of 2017, 2018 returned the cryptoindustry from careless oblivion to the real world. This process was tough, led to the collapse of the market, loss of funds and investor interest, the reorganization of many projects. At the same time, product development intensified, the blockchain has received the support of governments, many incompetent participants have left the market. However, I think that this year the market will almost reach its maturity, and the industry will continue its stable and progressive development.

..cryptocurrency is a digital currency that doesn’t need to exist in a physical form to have value. Nowadays cryptocurrencies have become extremely popular due to itsr decentralized exchange system making it essential for everyone to stay up to date with the latest cryptocurrency news..

..i may say that cryptocurrency now is a purely investment for few people to gain much higher profit when the right time comes..others uses it for trading purposes to gain immediately because there are lot of benefitstrading could give..nowadays,speed transaction is not the mere problem,instead the people behind those scammers that uses crypto in order to gain more wealth by deceiving a lot of crypto users..

Even little by little, the crypto currency community market is keep on recovering. But yes, the crypto market is still down compared to the past months that is it truly been on its good state like it was going to the moon. But we can still hope for the better of the Bitcoin, maybe sooner or later. Let's all be positive that the crypto currencu world will keep bringing us into the financial future we are aiming for and wishing for to happen through the community of crypto we are living now.

That is definitely correct, the higher the fees you pay for a transaction to proceed the faster the transaction is especially these days when there is no network congestion happening in the Bitcoin network but if there are network congestions that will occur just like what happened way back in the year 2017 when the market is pretty bullish and there are a lot of people using Bitcoin it will surely cause some delay even if you use high fees on paying a transaction.

And also we already have Lightning network that make transactions easier and faster so it's not a problem anymore.

Congestion during the all time high was due to network spam and now, after experiencing that. We already have that solution that ease and make transactions faster even at the peakest moments.

At now the price of the cryptocurrency market has risen up, and it is soon to conclude that this market is moving forward or not. But I think the market will be bull run in the next time due to the defective price of the market occurred in 2018 and the beginning of 2019.

During congestion and peak times on network putting high fees for miners can help a bit to accelerate the confirmation period of transaction. During the last month of 2017 situation was different and even high fees don't help to speed up the transaction confirmation time. I am sure same will happen if prices gonna cross below the 2500$ and I expect such attack to bulls in this year.

Not that fast, we are always thinking that due to these small increases we're concluding that the market is moving forward.

It's stagnant for the moment but at least, we've been already moving slowly but I can't say that it isn't moving forward.

2018's done, let's move further and be optimistic for the upcoming months. We will also held halving around May 2020.

Everything has changed. Last 2017 bullrun was really a big mess for everybody in crypto, because there's a lot of people entered in crypto on the peak, around 2017 bull run and after that massive pump in first 2 months of 2018. Boom! Huge dump happened, but we are still moving forward.

not enough to be asked to change but at least there are changes little by little and I think it's pretty good and some are moving forward and it's very good I think going forward in the world of crypto is currently stabilizing market prices

he market will make a selection naturally. Bitcoin has experienced ups and downs for more than ten years so see the developments that are happening now. many business people have started investing in crypto currency because the crypto market has very good potential in the future. now bitcoin is experiencing growth and will continue to grow, so investing in bitcoin is very attractive to business people. hopefully in the future things will get better.

in my opinion what has changed in bitcoin today is not perfect and I have not said that it is progressing because there are many shortcomings that have not been stable at this time in my opinion

It's not perfect for the meanwhile but it keeps on upgrading.

What are the shortcomings that you think that aren't stable at these times?

Definitely there are improvements since the last 3 years. Segwit and LN will make btc transactions better and faster than it was before. Shortcomings are a given especially since btc is still only 10 years and there's a very long way to go. For starters though i think we're doing pretty well.

It is still an risky investment because the price fell too much in the current bear run and people might not invest their money again due to the fear of losing the capital.But it is slowly getting recognized but not as currency but it will gradually happens in the future since we are just at the beginning of crypto currency era.

Well... let's just wait for SWIFT to be abandoned and more novel solutions taking over. It doesn't mean everyone will jump into BTC but a portion of them may - and it only gets better from there

Since he said he was a long time user and took a break, may be because of the market was not moving much at that time but he would have being back when the price started moving higher and touched the all time valuation, but instead he is back when the market is still struggling to make a move in either directions, the market has changed a lot since with speculative market and other factors and since he left before the fees and transaction speed issues there is nothing much to tell. The only thing that changed is that the price moved higher from what he left and there are a couple of forks to the bitcoin network which stands out and nothing else.

It's true, cryptocurrency era has just begun and there is still a long way to go. But people are expecting too much in too short period of time and don't have enough patience, that is when disappointment often appears. Many were carried away by the period of time when the price was very high thinking the price will only grow further but, of course, that prediction was wrong and many were turned back to reality very soon. Everything takes time and that refers to Bitcoin too.

When we are using the bitcoin completely off the purpose the meaning of its invention we can't blame it because it is our fault that to use bitcoin as an investment.It is a money which needs to be spend and keep circulated all over the place to know what we can get from adoption of decentralized payment system.

I was surprised, to be honest. One of my friends was involved in the crypto industry since 2014 and has strong faith in these digital currencies. Now he started a company and developed several products by his own team. Some foreign media always keep boasting about the popularity of crypto, but actually, just a very limited number of people know it and fewer engineers know it the underground running theory. So it's basically related to a person's philosophy. Some people hold crypto as a trending, while others think it's a disaster or threat to the current world and will extinguish very soon. So my suggestion is to be careful with everything related to investment. Don't count on overnight fortune.

We're doing pretty good for this year and it keeps on going.

Those criticism that we also got for so many years has been changing and people who are always against to it are starting to take back what they said and starts to love bitcoin.

2017 was  a good time for all  the investors of bitcoins as the price of bitcoins has reached up to $ 20000 USD, 2018 was a dull time for bitcoins and its investors, now again 2019 will be  a good year as there are chances for the price of bitcoins will increase  with a huge leap in the market, there are predictions for the price of bitcoins to cross 1 million USD and that will the highest price in the history of bitcoins which will attract more and more bitcoins users and the demand for bitcoins keeps on increases causing for the rise in the price of bitcoins. For long term investors this is a good investment option and there are more chances for huge adoption of bitcoins in the financial markets.

Bitcoin in my own opinion, bitcoin as a store of value for long-term investment, to save assets They also consider it an asset because bitcoin is stored in your own wallet, and you are looking after it.
Bitcoin is a kind of tool as a payment system. Currency that can be used in exchange and as a mode of payment.

im stop using bitcoin too at 2014 and i regret it because i sell all of my bitcoin at 2014, at 2014 i have 0.8 bitcoin worth under $400 but i have sell my bitcoin right now i can get a lot of money i think more than $3000 and if is sell bitcoin when the price is in the high i think i can get more than $1000, hahaha i think bitcoin long term investment is good

Bitcoin will not replace money, but gold will. There is no problem about the speed of transactions. Do you think bank transfer is faster than bitcoin? If you send money to outside of your country then it's also need time and high fees, more fee = faster. The progress is pretty good, few years ago we still find big problem in finding store that accept bitcoin but now there are a lot of store accept bitcoin, and the progress will keep growing until all stores accept bitcoin.

Bitcoin is definitely moving towards a better, stronger and can be used in many countries, because bitcoin is projected to be a digital currency that is used simultaneously throughout the world.
It is not an easy thing, but the journey to that direction is in line, it only takes time to standardize regulations because there are differences that must be updated to be accepted by all.
Therefore, until that moment the price continues to fluctuate to correct and the ideal price is reached.

Who told you this mate,,, who ever said that must be a scammer and you sounds like new investor with lack of knowledge, if you are new keep one thing in mind that crypto currency never dies as it has very strong background and it is being adopt by several countries as main source of payment, so it is now moving higher with day by day further adoption.

Honestly there had been a lot of changes in your absence, mass adoption of bitcoin is ongoing the price had made significant rise (pumped), infact ATH was attained in 2017, there had been massive media coverage about bitcoin and also trading of bitcoin in various exchanges had increased tremendously, there are growing numbers of bitcoin traders, blockchain experts etc all these attested to the fact that bitcoin had changed and is growing continuously.

You have not lost anything in these 4 years. Yes, more small (or not) Internet shops start to accept BTC. Governments of various countries are trying to find a way to regulate cryptocurrency. But it turns out bad for now. Basically, they only prohibit. BTC is an investment tool now. This is not a replacement for fiat at the moment.

That is if they sold at that all time high price of 20k and cashed it out as well. Most people did not do so because they were euphoric seeing the huge price rise and forgot to sell. Also dont forget that the 2017 pump was due to several reasons Tether manipulation and BCH fork being a few of them. After that the dump did not allow much of a bull run to start.

We are all hopeful of such things in the distant future. For now let us imbibe the common folk with the fundamental concepts of bitcoin and imbibe in them a sense of usage for the same. I believe we can make a difference if we do it properly and then bigger adoption will follow suit.

That year 2017 is the most fruitful so far for the Bitcoin investors and other alternative crypto investors because the price of Crypto Currencies soars so high but there are also some people who lose so much because of the extreme hype that is going on that year. Never heard or read about that Tether manipulation that year, I guess I'm not just well informed enough lol. ;D

The mass adoption of Bitcoin is still not happening after 10 years of its creation but the progress and development of this technology are steadily growing and there are a lot of blockchain systems that are sprouting all over the crypto space with some additional features. 8)