Although there are a few countries who uses bitcoins and other cryptocurrencies now, I cannot help but wonder if the world is truly ready for this digital currency? It will certainly be hard to replace all currencies in the world but it could happen in a decade or so, perhaps even less? Still the question is, is the world ready? I think if this happens it might be one of the biggest changes that will happen worldwide.
I think the world is not ready for electronic money. Electronic money is now common in developed countries and the rest is not ready for that. It will take time for developing countries to get acquainted with that, even in developed countries. Paper money is still an economic system that people are more receptive to than electronic money. |
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I was questioned on crypto currencies legalization. I explained the facts happening around. Few received it with convincing reactions and few just ignored it. I really felt bad for the guys who did not care about crypto currencies as I really know the fruitfulness? I happily taught few others about crypto currencies. What was your friends expression when you introduced bitcoin to them?
My friends only view crypto as a place to invest to earn high profits. That was the reaction of the majority of the friends that I heard. They are not really savvy with a future that Bitcoin is more widely used and represents an important role in transactions and preservation of assets. After Bitcoin hit the ceiling last time, I did not hear much talk about this topic. |
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One of the main reasons why Bitcoin has more worth than any other cryptocurrencies is because it has the proven track record to secure hundreds of billions of dollars ($269 billion as of Dec.8 ) without getting it lost to theft or accident.
If a person manages to successfully hack Bitcoin, he or she will easily top the Forbes’ Billionaires List at #1. And believe me, people have definitely tried to get this money that Bitcoin holds right now.
No other cryptocurrency has been held to the same amount of scrutiny and stress-test as Bitcoin. Let’s really test the limit of this technology.
Good or bad, I’m extremely excited what we will see in the future.
I hope you are too.
I think it is because it is the first electronic currency. It's almost the first thing people think of when it comes to electronic money. But to survive with time, value, and stability has somehow kept it in the first place. It maintains the neatly-traded features and high security of personal information as well as asset value. |
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We know Bitcoin is one of the powerful and top coin in marketplace.
But world wide all county are announced its illegal.
I personally think that bitcoin is very help us for paying any payment.
Its has many facility.
But our government are announced its illegal
Maybe your government does not control the illegal activities that happen with Bitcoin so they have to declare it illegal so the situation does not continue to escalate. Money laundering or human trafficking with Bitcoin has been recently detected. Bitcoin only performs well in trading and personal information security. The problem is that people use it. |
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We can not deny the big country with good economy, it will make the society economy better too. So they can follow the economic development and participate in transactions and investments in Bitcoin era. How the people of small countries can participate in participation and benefit from it? It would be very difficult to calculate the statistics of users of each country, but the comparison of Bitcoin ATM growth from this early 2017 report can be the initial reference of the statistics. Perhaps by the end of this year, there will be more Bitcoin ATM growth across the board due to the growing interest in bitcoin this year.  Bitcoin is popular in countries with good economies because of high living standards and people have more opportunities to access new technologies. Modern life expectancy requires time and Bitcoin gives them that. It becomes another payment option for them. And in an economically developed environment, the opportunity to adopt new technology is also much easier. |
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I thought about the unpredictability of bitcoin and its current status and it made me realized that this might drive people away from getting into cryptocurrency. What do you think are the other reasons that will keep people from using bitcoin?
Bitcoin is still volatile and has not been accepted by the government, even if it is illegal. That is the problem that people do not participate in Bitcoin. People do not feel it is safe enough for them to invest money. They are afraid it can cause their property values to decrease significantly. |
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The forum is full of topics - “When Will Bitcoin Be Back To $...”, “Why BTC is under $...?”, “Final bottom at $...”, “Why BTC is down again?”, “Bitcoin will rise again ?” etc. The last two topics may appear in various forms a dozen times a day.
I looked at graph price of BTC out of curiosity. I have noted to the price floor:
2015 - $200+
2016 - $300+
2017 - $700+
2018 - $5000+
Do you see something frightening in it?
We all can see that price drops because of actions by a Governments and big whales. Because they have the means and opportunities. They want to break into the our market on advantageous terms for them. Okay, well, I mean, that makes sense. We knew it would happen. But why that have to affect us?
In December 2017, the most people said - "Why I didn't buy BTC for $500… for $1000… f#ck it!.. for $2000...", "I will definitely buy BTC if it costs $7k-6k!..". But now when the price drops so well for us, we see "The demand for BTC is dropping". Seriously?!
So, instead to take advantage of the situation, buy up coins and altcoins, attract new people in crypto world more active than before, a lot of people stuck in indecision and think whether crypto market falls to the bottom and stays there.
Guys, are you serious? Crypto world is made by us. Governments and big whales haven’t any tricks to rule our world. It will happen only if we do nothing.
What do you think about it?
I think people are moaning about Bitcoin's price because its price is high now and they do not have enough capital to invest in it. They do not have enough financial resources and plans to gamble on this gamble. They are doubtful whether Bitcoin will be able to return to profit as expected. Bitcoin may continue to increase, and may also decrease in the future. Make the most of the money that you think is safe to grasp the opportunity. |
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According to a study conducted by researchers at Imperial College London, cryptocurrency has the potential to become a form of payment that is widely used for decades to come. In their research report entitled "Cryptocurrency: Overcoming Barriers to Trust and Adoption" Professor Imperial College London, William Knottenbelt, and Imperial College Business School Dr. Zeynup Gurguc, argue that cryptocurrency has so far acted as a store of value like a fiat currency.
I think this could happen in developed countries in the next 10 years. Where the economy is strong and diverse business goods. This is also where high living standards. Bitcoin shows its convenience in saving time as well as safety, accuracy when performing transactions. This is a great fit for the future. |
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Most of altcoins are down with this market. So many experts and news say BITCOIN will go up in this year end. I think if Bitcoin goes up, other alternative coins are going up. So is my point true, What are the best coins to buy with this low prices.. Or Isn't this the time for buy coins?
I think Bitcoin is the best. But its price is high (more than $ 3,000 and still growing, it promises to reach a price that is many times higher this year.) The only obstacle is that you are ready to try your luck at a fair amount. Some of the altcoins that are worth paying attention to, such as Euthereum or Litecoin, may be the other options for investing in your crypto. |
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I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
I do not think the currency will collapse. Bitcoin has many advantages, but paper money is easier to use than Bitcoin. Bitcoin can exist in parallel with currency but it can not be eliminated. People will not take risks for a new system that still has many shortcomings, but there are many advantages to hard to deny. |
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Between 2004 and 2010, HSBC laundered Billions of Dollars for the Mexican Drug cartels and nobody blinked an eye. After 7 years of doing this, they got busted and they paid US$1.9bn in fines. {This could be recovered in profits, within a few weeks} Most people saw this as a slap on the wrist for the people who were involved with this. Not one person working for the Bank got jail time for doing this.  https://observer.news/featured/5-years-ago-hsbc-fined-record-us1-9bn/Ross Ulbricht, was sentenced to life in prison without parole for creating and running Silk Road, which allegedly facilitated the sale of $250 million worth of drugs. Why are we seeing such double standards, when Bitcoin is involved? People use Bitcoin to clean their money because Bitcoin removes banks from transactions. It also maintains information security for users and goes beyond the management of all state management systems. This makes trading activities easier. And illegal actions can also recognize this vulnerability to exploit exploits. |
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of course, we all see that all markets are red and there are some fears of getting down more and more in the following days. but on the other hand, no one can ignore that bitcoin is the leader of all the crypto market, so if it down the whole market will go down as well, so it is too hard to believe that it will die that easy
and the major investors of it will not allow this to happen.
what do you think, am I right?
I find crypto completely healthy without Bitcoin. Bitcoin has attracted more people interested in crypto. They know the preeminent features of electronic money and get a better understanding of this market than before, without much ambiguity and worry. Current Altcoins such as Euthereum and Litecoin are underperforming because the purchase price is much lower than Bitcoin and indicates a possibility of further increases in the future. The return is extremely promising. |
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When will people spend BTC as easily as fiat , not seeing it as an investment opportunity but a better currency for them to use ? Most of my friends that I have currently told about Bitcoin are most intrigued by its rapid rate of growth and not its outstanding features as a currency. They don't really care that it is free from government control , but are more focused on the fact that it has risen xy% I don't really spend much of my Bitcoin , because I am always in fear. I am not talking about cashing out , but for digital goods. How do you spend 10 mBTC on a 5$ digital good when you believe that the same 10mBTC is worth atleast 15$ , probably more. How much of your Bitcoin have you hoarded , and how much have you really spent ?
I am under the impression that people tend to hoard more with BTC than with fiat , considering it an investment more than a currency I don't know how to make a poll here , so :- http://strawpoll.me/1793917This is not referring to your blockchain.info statistic , which includes money you have moved around. I am looking at money you have truly spent vs total amount of BTC you have received. Overall , I'm trying to look at how much my guess is true by the poll and your estimates of when majority of people will start looking at BTC as a currency. EDIT : I'm not sure this is the right section , tell me if this should go in General Discussion or so. When Bitcoin is approved by the government, people will use it freely. No one wants their money to lose value. Bitcoin has not been properly invested to be able to become stable. Bitcoin has a lot of good features, but because of the security of information, it also has a lot of worries about criminal activity. |
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The risk in the virtual currency market is the risk of losing some or all of its capital when the investor performs the investment or virtual currency transaction. Identify the risks before conducting a transaction, helping them to know the specific loss rate in each case of investment will be how to, minimum and maximum how to decide the scale of investment, the first time investment, time of investment completion, and other relevant factors.
I think there is no way to completely control the risk of investing in crypto. You can track news and find sources close to the transaction or keep the most effective. There may be times when you lose or lose money as you wish, but do not be too disappointed to lose other good opportunities. |
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Why is Bitcoin's daily price fluctuations getting smaller and smaller? How do you view the current price of Bitcoin and how we should handle the transaction in the later period?
Volatility of Bitcoin is not as great as it once was because many people have invested in it. It still has a recent $ 400 price increase and compared to over $ 3,000 in sales, the profit is negligible. It's possible that Bitcoin has come down sharply recently and people are not ready to go back to using Bitcoin to trade and that's not going to go down significantly. |
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I mean Why bitcoin? Why waste huge energy in mining. As everyone know bitcoin is useless in terms
of usability.
My question to bitcointalk users :
Is this possible that any altcoin become no 1 on coinmarketcap and bitcoin disappeare
I think this can be possible, what you think so comment below...
I think Cryptocurrency can stand without Bitcoin. Bitcoin is the first electronic currency and makes people learn more about Crypto. Today, the altcoins show that it is more likely to develop better Bitcoin later. Like Euthereum or Litecoin. These altcoins have great potential for replacing Bitcoin. |
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I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
Governments do not want to legalize Bitcoin because it causes the government to lose control over the deal. They worry about the security and the illegal money can cause severe consequences. The other part is like your opinion. Governments and banks cooperate very well. Bitcoin again threatened the bank. |
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I like to know your stand against the current market price falls down that relatively almost in the danger zone for the crypto holders if they still hold their crypto it might be one day that they will going to lose all their money. My ideals is different i had to sell it though it means that i had to lose some of my money. Anyway i could invest again when market price recovers but not for now seeing crypto market looks so bad. Will you still hold?
I kept my crypto even though the market price was dropping abnormally. I believe electronic money will do much in the future. I am not concerned about the potential investment losses because I bought Bitcoin since it was low and made a lot of profit after reaching the highest price. I used that part and reinvested in some other altcoins as well as buying some more Bitcoins. |
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Bitcoin has come a long way and come really come to stay. As a matter of fact, anytime some people who know nothing about bitcoin are introduce to bitcoin about how bitcoin works, they channel all their attention to whoever is passing the information to them by listening attentively. However, after developing the interest in bitcoin, they quickly revert their interest in bitcoin the moment they hear of the volatile nature of bitcoin, thereby, deciding not to invest into it anymore. Guys, what are some other factors that scare people from investing into bitcoin?
Bitcoin price fluctuations are another reason for fear of investing in it. It makes them not feel safe with the money they have spent. Bitcoin is now worth more than $ 3,000 to buy and it is making investors feel more pressured. However, just be patient and have reasonable plans, Bitcoin will bring high profits. |
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Bitcoin makes the world go crazy because it creates change and opens more options in the future. Bitcoin has changed the way it has been known for a long time, with the familiar presence of the bank and the fees it incurred, time wasted. Bitcoin completely eliminates that. It also changes the way properties are managed. Many of Bitcoin's transactions also left the government unmanageable, raising concerns about illegal activities. |
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