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When joining in any investment specially in bitcoin, it is imperative that you should know almost everything about it, how it works and how to protect your money. Research more, learn from other's mistakes and hear news. Scammers and hackers are very rampant and you should be very careful in every transactions and strangers you are dealing with. Learn about protecting your wallet and private keys and learn the trend of the market because bitcoin is very volatile so it is very unpredictable.
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For me, it means that bitcoin is for all, whether you are poor or rich, jobless or employed, anyone can have a bitcoin account. It also means that our money is evolving, make way to the digital age, where all the transactions are done online.
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In my opinion, I think why the government and banks are scared of bitcoin because it is beyond their control. They think that it could disrupt the economy and the payment system that we used to. More and more people are shifting to bitcoin because it can give financial freedom.
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In my own opinion, bitcoin will become the world currency but it takes a long time to become one. Many countries now are banning it but we still don't know what will happen in the future. It has a big potential because the bitcoin supporters and users are increasing everyday. I believe one day, it can replace all the fiat money in the world.
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Bitcoin change my life by giving me financial freedom, now I don't need to ask my parents for my financial needs, I can support myself now. Bitcoin is the best investment ever regardless of age, status, race and country, it open to all people.
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Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.
I completely agree with what you say right there, bitcoin can influence the economy specially in the third world countries. I am from a country belongs to the third world and bitcoin really help us specially to the unemployed people. It helps reduced the unemployment rate here because through bitcoins and ICO, people here have found jobs online and paid by bitcoins. |
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Yes, it would be great if cryptocurrency will be taught in the universities, it just shows that we are welcoming the change happen in our financial aspects and economics. For me, I will enroll right away because I want to learn more about this bitcoins so that I can also protect my bitcoin wealth from thieves and hackers and to know more how to manage and earn more bitcoins.
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Bitcoin will last forever, it can survive any challenges it will encounter even the banning of other countries. I believe that it will become widely used and the countries that banned it will have no choice but to accept it because it is the money of the future.
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But because of this investment, many people became rich quicker. Invest only you can afford to lose, so that whatever may happens it will not hurt so badly. Every investment involves some degree of risks, you must read a lot and do your own research before investing. But bitcoin proves its value and stability, it is the future currency.
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Why, until now, government all over the world still doesn't trust bitcoin?
Perhaps, it is because of the nature of bitcoin being decentralized. Nobody backed the bitcoin and they can't control it. They think it's just a threat that could lead to financial revolution. |
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That bad news does damage the reputation of bitcoin, because of that greedy couple that uses bitcoin in their illegal activities. It could hinder the mass adoption of bitcoin in the Philippines. But i think, when we can prove to them that bitcoin is not a scam and it is the future of money, then i think it will change their outlook. We should keep holding on, bitcoin will rule the world.
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There are a lot of ways to earn coins, not only selling your stuff but you can work for it like the bounties and writing blogs or watching ads. But if i have lot of things, i will consider to sell it and buy bitcoins. As we know, bitcoin is a very good investment. I will grab the opportunity.
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Yes, i am very patient to wait for the time that I can prove to the negative people that they are wrong and I can see their jealous eyes the regret why they did not believe in bitcoin. I will prove to them that bitcoin is a life changer and the money of the future.
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We are moving to a cashless society, and bitcoin currency comes in. Many people now are using it as payment system and as an investment because of its highly volatility. I think, bitcoin will be the future coins and will replace the paper money.
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We don't trust each other anymore, that's why we see each other as opportunist. When it comes to money, everyone is so hot and leads to greediness that pushes someone to do bad things.
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The most common challenges of bitcoin that I can think of the security from the hackers, it is because they are always finding ways to steal our hard earned coins. And the hardest challenge is the mass adoption of bitcoin, there are some countries who banned bitcoin because they are just afraid of it, the see its big potential to influence the financial system.
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I think cryptocurrencies will go long term, like here in my country, Philippines, the government and the central bank supported and made bitcoin legal. Even though there are countries who are afraid and banned the usage of bitcoin, but there are lots of countries like Japan that really accepted the bitcoin and now widely used by their people.
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Bitcoin becomes currency because it is now an accepted form of payment to dozens of countries around the world. It functions like our local currency but it doesn't have any physical form. It is a digital currency that functions only with the use of computers and internet.
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Bitcoin is created as payment system where we can send money without passing through a third party, but since its price is volatile it is also seen as an investment. Because of this, many people see it as an opportunity to make some money.
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I have seen some news regarding hackers, terrorists, and other criminals using bitcoin for illegal trades.
How the police can find about these transactions?
Even if is hard to track illegal transactions, I don't think that Bitcoin can be a danger to society, since the problem is the society and its people.
Since the beginning of the internet this is happening ( the bad people committing crimes) and no one is willing to shutdown internet because of that, so in that matters Bitcoin should be equivalent. I think those illegal transaction are one of the reasons some governments and the media are trying to depreciate bitcoin, but the problem is not Crypto/blockchain or Bitcoin, is just the society.
I completely agree with you, it is not the creation of bitcoin, it is the people who are so selfish that they will do anything just for the money. Bitcoin has nothing to do with the dirty works of men, it is just used by the greedy people to scam and fraud other people for their own benefit. |
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