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Thats a great new for all bitcoiners. This clearly indicates government as well as private sectors recognising demand of bitcoin. Bitcoin is the future of currency. People all over the world choosing it for trading and investment also as payment system.
Government and private companies now considering the demand of population and adapting new policeies, thats good.
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In my experience, many sites increses there transaction fees due to high demand for there site, directly proportional way i.e. increase in transaction fees with increase in number of transactions.
So due to this high transaction fees, people's hold bitcoins and wait for increase in price. And that is obvious, why one will do trasactions by spending that much high fee?
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Price of bitcoin going high and high because of increaae in demand, people's taking interest in bitcoin for trading, investment and transaction purposes.
As bitcoin is open to all and easy to work, population all over the world work on it. They investing it for better returns.
Bitcoin is best choice for many people to invest there money to get good profit.
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Bitcoin is legalise in most countries, in few countries it is banned. From last few days bitcoin price increses drastically, thats take attention to all people's, and bitcoin reached in all over the world. Its demand growing day by day so governments will consider majorities and will take positive decisions.
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Yes, fee's offered for bitcoin transactions are much high. And due to high fee's people use bitcoin hold rather than currency for exchange. We see bitcoin will be futures digital currency but as a currency it has a problem with transaction fees. Due high fees people prefer to hold bitcoin and use it as investment. Also many times they wait for higher price to spend it. |
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Now a days investment in bitcoin is safe or not, time will decide that. But in my view fluctuations in price of bitcoin going from long time, and at all time drop was small. Also growth shown was huge. But definitely price will increse, so investment in Bitcoin will gives better returns.
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Bitcoin is the first cryptocurrency and today it created all time records in price of cryptocurrency. It has many advantages thats why people's all over the world pefer it for trading investment and earning. In fact strategies for altcoin depends upon condition of bitcoin. So bitcoin will be on number one forever, In my views.
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Yes people have many reasons to not use bitcoin, but as price of bitcoin crossed $17000, people ask and discussing about it. So there is no any necessity to convince any one to invest or buy bitcoin.
Bitcoins performance tell all. Peoples have interest in bitcoin and its new way as a cryptocurrency. They want better returns on ther investments.
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Bitcoin having features for as a future currency. But to be a currency it take time. Because it is still not legalised in all country. Also it is totally depending on internet. These are some drawbacks with it.
Also its price is always fluctuatinig, thats may create problem.
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My goal with bitcoin is to earn profite by investment in it. I know that bitcoin will give me better returns on my investment in future.
Price of bitcoin goes up from last 3 years and may cross limits to create history, so I want to become billionaire with investment in bircoin.
Now a days bitcoin is the better choice for investment.
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In my opinion No, because digital currency is not usefull in all transactions and also it is impossible to connect people's from small villages with digital currency.
Yes I agree with that digital currency replacing money in most of the fields, but it is not possible to replace all things with cryptocurrency.
Also there is risk of securities with digital currency and is totally dependent on internet.
It is always better to keep your money in different forms rather than in one digital form.
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In my views, to make money, you can sell your bitcoins when price is up. Or else you can wait still again increase in price. Bitcoins performance in market increases day by day. So second option is good to take better returns.
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Yes bitcoin wallet can be hacked. It is depends upon security measures you take to protecy bitciin from possible hacking. For that you have to use offline wallets, so there is no issue of hacking. Also to avoid this hacking by taking care from virus
As bicoin is ttotally work on internet, it is more susceptible for virus attach.
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It is not possible for bitcoin to replace gold, as gold has its own place in people's mind. Gold is not only one of the metal, it reflets finalcial status as well as seems good to eyes through ornaments. And bitcoin has its own place, people use it as investment, for saving and for transactions. So both are on there place, will not be replace.
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Yes, in future bitcoin can be used as payment system. But it takes time, because still bitcoin is not accepted in all areas of world. Also it is decentralised and hence no one have control over it, that may create issue to bitcoin as payment system. Bitcoin is digital currency, so it is totaly depending on internet and it doesn't have physical appearance, so may create problems as payment system.
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Some of the disadvantages of bitcoin are as,
- Government can be ban on bitcoin, and force merchants for not use it.
- Always there is fluctuation in value of bitcoin.
- As it is virtual cryptocurrency, it is totally depends upon internet. If in case internet get off then thats create major issue.
- Also there are chances of lost of wallet in case of viruses corrupt data or hard drive crashes and wallet file is corrupted.
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Price of bitcoin in one year is totally depends upon factors like investment in bitcoin, government legalization, peoples demand and altcoins reaction on bitcoins value. Bitcoin may cross $50000 in next year in my opinion, but still above mentioned factors affect a lot. So we only can guess nothing else.
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As bitcoin is decentralised government will not control over it, and if government find bitcoin competitive to there local currency then they may ban it. But I think bitcoin will attract all peoples due to its high growing price and because of demand governments have to implement or accept bitcoin in future.
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I think, people's are not against bitcoin, but they are scares about fall in price of bitcoin. Hence they avoid investment in it. People scared about historical price jump. As it is decentralised, the government do not have control over it. Therfore some countries have banned ditcoin.
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Yes, in future shopping sites may receive bitcoins. As demand and use of bitcoin increases day by day, now a days people started using and accepting bitcoin, shopping sites have to adapt changes and flow of working in market. If majority of there customers using bitcoin as currency then they have to adapt changes.
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