From my perspective, the future of paper money is safe, still people are interested in saving or spending paper money, people of many a countries still doesn't know either ATM or Bitcoin. They are using paper money every now and then, one thing should be considered that is, bitcoin is not so popular and available around the world so paper money's future still safe and sound.
Yes, even though Bitcoin is developing very strongly, the value is high, it still can not completely replace the paper money. In the future, I think paper money still plays an important part. Everyday spending, if using paper money, will be easier and easier. And like you said, not everyone knows about Bitcoin and how to use it, so paper money is still needed. The best thing is that Bitcoin and paper money will grow and go together Even if bitcoing gains massive popularity in future its hard to believe that paper money will disappear as there will be many bunch of people who will prefer to use paper money and not all places accepts digital mode of payments especially in poor countries where only paper money is the only option to buy goods and in that case people will always go for paper money to take care of their needs. |
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Bitcoin already have displayed it's acceptability to us, it already creates as a trusted as well as profitable currency site. Day by day it's gaining as a valuable currency source which creates numerous employment opportunities.
I think it would be a strong background of Bitcoin.
You are right, I think bitcoin have a bright future, Many users trust it so much and use it every day, day by day, it will be more strong, because of people who joined this community. Peoples are the main reason of how would be bitcoin, People can control the market and the price, as i think. Bitcoin is powerful currency but only for those who are aware about bitcoiins and how would you define bitcoin for those who have never about it yet? Do you feel that they also think that bitcoin is a great and strong currency? I don't think so as there are many corner of the world at a moment where bitcoin has not reached and its hard to imagine that those people would also have same feelings for bitcoins at a moment and bitcoin is only strong only for those who are using and for rest others its nothing. |
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please enroll in.
Name: LittleDigger
count Post: 742
Ranking: Sr. Member
Bitcoin addres: 141DPwwnkBUJjgMJ9dComj8u7LahRnGH7Z
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Name:LittleDigger
Post count:741
Rank:Sr. Member
BTC address: 141DPwwnkBUJjgMJ9dComj8u7LahRnGH7Z
Signature changed, please do the needful.
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For me the things I need first to educate myself on bitcoin before investing is I do a lot of research what is best to received a return of invesment. Because its hard to put all your money in one investment it is best not to put at all, rather invest in different sites that gives sure profit.
Thats great, May I know which investment platform you choose to invest on it. For example, you might check the trading, lending, gambling, bitcoin ecommerce, VPN hosting services and signature coding. I think in that trading is best option among these. Please do more investigation on it and try to implement that. |
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very nice when you intend to assign prospect training, great benefits to those who are weak in writing and speaking English. okay also if it is paid, but better if it was free. many will rejoice at this and grateful especially if it is free.
Its simply wasting time to check with one person and learn grammatical issues in the posts about it. This is the forum where you give information about bitcoin in all the aspects so we do not need grammar to be strong in any forum. However, if you wish to fix the grammar in your posts use Ginger check or grammarly. It takes out the preposition errors, tense errors, article errors and etc. |
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OP, the reason is simple, it is all a bubble. There are whales behind the scenes that are pumping the price. I also believe connecting the price of Bitcoin with the direction of the stock market is a mistake. Bitcoin operates and moves beyond all the traditional ways of economics. It is its own little world.
Bitcoin price bump is based on the people use it. Demand and supply determining the value of bitcoin whether it is bump or dump. You could check in Google, many of the companies are initiated block chain technology to the firms to make more secured to avoid the hacking issue through out globally. Bubble is because of heavy rate of adoption around the world. Its been continuing till this year end. Wait and watch to see the next peak value. |
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Regarding the Swiss Franc - I think that the event is further evidence that there are some serious tectonic plates shifting in the financial markets. Oil is going nuts, the Eurozone has a serious deflation and unemployment crisis (along with a number of acute events on the horizon - ECB QE decision and Greek Election), China's slowing down while it experiences a weird stock market bubble and Japan is running an unprecedented monetary experiment in the hopes of ending a decade of deflation.
The question is whether Bitcoin will be considered a Safe Asset due to the fact that it can't be controled by a central bank, or will it be lumped into the "risk asset" category and go down with oil and stocks...
I think that it will depend on what financial events happen over the next 6-12 months, the status of the Bitcoin ETF and of course the broader adoption of Bitcoin (or something built on Bitcoin) by average consumers.
I think that's pretty much spot on. The ability to use Bitcoin over facebook is impressive as a demonstration of the networks potential to facilitate peer to peer microtransactions, we've seen economic hardship give rise to localised alternative currencies in both the US and Greece. There is the increasingly less remote possibility that fiat currencies encounter so much turmoil that it triggers adoption of Bitcoin by necessity in some communities. http://www.nytimes.com/2011/10/02/world/europe/in-greece-barter-networks-surge.html?pagewanted=all&_r=0 http://money.cnn.com/2012/01/17/pf/local_currency/ |
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Thanks This one is more detailed, found it a minute ago. http://www.economist.com/blogs/economist-explains/2015/01/economist-explains-13Basics.. Francs value was pushed up by investors seeking a safe haven from volatility Franc pegged to euro by quantitative easing to stop rise. Extra Francs used to buy Euros for foreign reserves. (helping to prop it up a little I suspect) Political panic about hyperinflation and proposed QE of the Euro leads to decision to stop... |
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bitcoin is a shitcoin, if you are smart than you would invest in bitshares
lol are you invested in sexcoin? LMAO, Yeap, I knew as soon as I posted, that would be the comeback.. But it is 4am, I am bored and I did finally get to make a Drill Sargent meme.. I capitulate.. you got me.. can't defend that.... |
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swiss central bank depegs the franc from the euro ..
the Dow Jones sinks over 2%, while silver went up 7% and gold went up 4.5%:"
bitcoin being in it's own world is.....down.
it seem like something wrong in bitcoin world .
remember, even if currently about 800k $ get invested into Bitcoin, it will only cover the inflation. You have to add every merchant instantly selling + regular sellers. That's a hell of selling pressure every day. That's the main reason we will most likely stay in this bear market until something drastic happens. Like a Fiat Currency Crashing (€, $ or ¥). If nothing magical happens, the next halving of the mining reward would at least take out some pressure so the currency could grow in value. yup i do remember the inflation of 3600 bitcoins everyday. i agree with your assessment. i think the swiss didn't unpeg from euro and hurt their own economy just for the heck of it. somethings going on. There was an influx of money into their country ..its pretty much made them de-peg. I'm basing this off one article I read though Any chance of a link to the article ? |
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bitcoin is a shitcoin, if you are smart than you would invest in bitshares
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swiss central bank depegs the franc from the euro ..
the Dow Jones sinks over 2%, while silver went up 7% and gold went up 4.5%:"
bitcoin being in it's own world is.....down.
it seem like something wrong in bitcoin world .
Lets face it the price is mainly based on speculation, not utility.. |
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Buys are coming in because Bitcoin will soon be in the faces of every Facebook user via ChangeTip. Lots of new Bitcoiners will soon enter the space due to this increased exposure.
Does changetip provides pay by PayPal or credit card ? Otherwise, don't think the Facebook user will bother open an exchange account or coinbase account just because they see some tips in BTC. EDIT: Just tried by myself. New users get $0.5 for free and then they have to either top up by BTC or have to register a coinbase account. Really wish them to provide a BTC purchasing service by themselves, otherwise I don't think that will attract many non-bitcoiners. Yeap, I gave it try and it's easy, and there are lots of little businesses on facebook that could benefit... But customers actually going through the process to get bitcoin, and people cashing out from bitcoin need to be just as easy rather than a massive pain in the ass.... |
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"The story of the destruction of the German mark during the hyper-inflation of Weimar Germany from 1919 to its horrific peak in November 1923 is usually dismissed as a bizarre anomaly in the economic history of the twentieth century. But no episode better illustrates the dire consequences of unsound money or makes a more devastating, real-life case against fiat-currency: where there is no restraint, monetary death will follow. “It matters little that the causes of the Weimar inflation are in many ways unrepeatable; that political conditions are different, or that it is almost inconceivable that financial chaos would ever again be allowed to develop so far,” wrote British historian and MP Adam Fergusson in his 1975 classic, When Money Dies. “The question to be asked — the danger to be recognized — is how inflation, however caused, affects a nation.” The US Federal Reserve of 2014 is not the Reichsbank of 1914. Yet today’s policy mindset is dangerously reminiscent of the attitudes that helped to excacerbate the economic downfall of inter-war Germany. These include: the unrestrained financing of budget deficits under war and post-war conditions; the unaccountable creation of the money supply by a central bank; the creation of undisciplined credit linked to this expansion of the money supply; the aggressive inflating of asset values; the discounting of short-term treasury bills and notes in practically unlimited amounts; rapid currency depreciation, and a ratio of federal debt to GDP over 100 percent." http://davidstockmanscontracorner.com/27637/Seems like my "Goldmark" has more in common with USD, than Bitcoin, Lambie  |
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An aside for those who don't follow Bitcoin "securities": The original pic, without the text, was taken from the website of NeoBee, Bitcoin's Premiere Bank, A Cyprus-based institution which ran away with investor's coin. Just like Pirate@40's Bitcoin Savings and Loan, Ukyo's WeEx, TradeFortress' whatever he called that thing, etc., etc.  And here's me with a 1910 "Goldmark", a government currency, backed by gold and unable to collect. Don't forget the Deutsche Bundesbank in your list of "scammers". Lol, yes, there were gold-backed (i.e. "not fiat") currencies [almost] as bad as your SexCoin, what's your point? Just that no currency is carries absolute security, wars, empires, and currencies come and go.. At the end of the day you are trusting some sort of promissory note. |
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An aside for those who don't follow Bitcoin "securities": The original pic, without the text, was taken from the website of NeoBee, Bitcoin's Premiere Bank, A Cyprus-based institution which ran away with investor's coin. Just like Pirate@40's Bitcoin Savings and Loan, Ukyo's WeEx, TradeFortress' whatever he called that thing, etc., etc. And here's me with a 1910 "Goldmark", a government currency, backed by gold and unable to collect. Don't forget the Deutsche Bundesbank in your list of "scammers". |
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