FIAT money is our daily currency which has been existing here for hundreds of years, when crypto currencies like Bitcoin is squeezing their way up to become a world currency and sort. Can they co-exist? If so then what benefits we can get from them, altogether? Not separately.
Well as of this moment they are both existing. Fiat as a tool that measures the bitcoin and bitcoin being a coin for exchanging or having fiat. They are both benificial in a way that those two helps everyone in doing transactions. But then with bitcoin transactions made easy. |
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Why some people want the Ethereum to over come Bitcoin in the near future? Is it because they make profit from ETH or what?
Well I guess it is because of the transaction fees and such. They tend to like something much lower, but they did not think it has a lower value too. It is a coin made because bitcoin is made. This coin is still dependent on bitcoin that is what ethereum believer needs to realize. |
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the biggest challenge in my opinion has always been the large number of shitcoins that keep being created and all the scams that they are performing so that they can make more money by scamming the newcomers. this in general is making the whole market look worse.
It jas a point. I also agree with this. Itnis really one of the big problem of bitcoin. Those coins thatvare made just for scamming. Or also they are amde without proper plan that made them weak or ending without profit. This creates bad news and it affects the market negatively. |
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Even with wider adoption there will still be the need to relate the value of Cryptocurrency in terms of fiat. It makes it easier to relate with. It is easier to quote the price of a cup of coffee as 5$ rather than say 0.0009 bitcoins
Well I believe that time will come, there is no need for us to use it. We can conclude thatvif it happens, the bitcoin will have its own value without comparison to fiat. This will be a good thing. But then it is far to happen as of now. But who knows, future will come fast I say. |
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I don't think so. I think not everybody can fully understand how bitcoin works. bitcoin has its own advantages and disadvantages and I think if it can stabilize any country's economy level but I also think that it has negative side effects.
We cannot really say things with just analyzing it without proper proofs. Thing may happen but it may not. But then it has a point telling that Bitcoin has negativity and positivity. We can say that there is a chance but then it night be good or bad. I comprehend stability when people do work and consume what they work for. |
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Banks can't work with bitcoin, search "fractional reserve". Banks may offer some Bitcoin services in future but it won't replace fiat services nor it will be possible to seamlessly juggle/ exchange between bitcoin and fiat.
Yes probably it has a point. I also believe that Bitcoin do not need banks in order to do transactions, it implies that bitcoin and bank cannot be a partner just like what fiat and bank has. The characteristics of bitcoin is the join force characteristics of bank and fiat. Bitcoin can work alone. |
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Although there are many new ICO projects every day, I don't think most of them have any value, because they may just be for fraud!
I agres with this. More and more ICO are developed and made but most of them are scammers. It is not a good thing in the market. It just pull down the cryptocurrency. This is not really a good thing. But then with this we need to be more extra careful in choosing to avoid the risk of being scammed. |
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I think bitcoin could be a digital gold. Although i know the perspective you are coming from but also remember that real gold is not digital but bitcoin is, so within the "Cryptotic" world bitcoin could be digital gold.
Yes, so true. We are comparing the virtual and the reality here, but they both exist in reality its just that bitcoin is digital. With this it can be lined up.with gold because of the characteristics it has, and also it has a high value which is one of the factor that must consider. We can say that bitcoin will not only stays as being digital gold but soon it will be the currency. |
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the problem that I had on the bounty was, when I spent a lot of time doing campaigns and at the end of the project I was not paid because the project was a scam
This is probably the big problem here. Scammers are everywhere. Eventhough you do thoroughly checking, it seems that it is for real, but it is not really a good thing for the market. Especially for the first timers. They might think that everything is scams where in fact it is only a small portion. With this, playing wise is important. |
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You did not say what country you are talking about but such country is suppose to look at the positive side to cryptocurrency and the fact that so many countries have started being positive on it.
Yeah probably it is. The government need to understand what is really the cryptocurrency and also what are the perks of it and so as the positive and negative and how to minimize the risk. With this, if they really understand thing well then they will accept it and it will help the economy. |
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I want it but seems it will never happened that fiat are established since hundreds years ago and government already make fiat as one of the economy tools but although crypto came with several features which possibly to beat fiat but government will always be attempts to eleminate crypto from people life but indeed if fiat can collaborated with crypto i think most people will feel the benefit from it
Countries who accepted or those who did not legalized nor banned cryptocurrency feels the benifit of the both, using cryptocurrency and fiat, they are both benificial in a way that sometimes they are competing with one another. I said so because the characteristics of fiat can be done by the cryptocurrency and crypto is much more improve and impressive than fiat. |
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The total cryptocurrency market was $238 Billion a few hours ago and yet the market is almost $260 Billion.  This is a great news indeed. But lets not celebrate as of this moment but rather save our energy for us to have powers when the bull comes. Market started to grow up not and it is the perfect time to hold on and keep on trusting bitcoin. Just a little patience more and we will see the market results. |
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BTC and ETH is a very nice coin and has potential. So if I think you better invest in both of these coins. BTC and ETH are now the prices are very much decreased and you should immediately make an investment. This investment can give you an advantage in the future.
I agree. It is very effective to invest into both of this. Ethreum and Bitcoin are the most profitable coin of today. And also they have a high market value in which those two are on top of the chart. But then if we look into it. Bitcoin is much better. Aside from high value it has a huge potential too. |
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I see bitcoin prices are now starting to rise slowly, but the price of ethereum is currently no movement. is there too much fraud in ico now, so ethereum is not popular anymore?
There is no movement so probably it is preparing for the rise. I suggest that ethreum believers should wait for some moments to see what will going to happen into it. It is still eth. And ICO are jot purely a good one therefore it really has a connection to companies. But then it is eth just wait. |
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I bet that 90% of crypto users are wondering about the same things, about the fact they didn't sell coins at the right time...nothing to do here, only thing we can do is just wait.
I agree. Waiting ks the key. And also patience. But then as we can ee, the problem is that, there is investors who wanted to invest or rather there are few who willingly invested in cryptocurrency, I guess this is the main reason. That is why we should do something to encourage others to enter in cryptocurrency. |
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The best strength of EOS is the people behind it. Though being new, it is backed by popular figures in technology and a active team of researchers.
It has achieve more in just a year what other of it's alternatives are trying to achieve for years, namely NEO and NEM. And is much better than it's mother Ethereum in all ways.
Actually all coins has unique features. We cannot really identify what is best or worst. But we can see the people who are bwhind it as a great foundation just like what is above stated, people who give trust and offer everything are the reason why it is going smoothly. But then we cannot really remove the fact that people still believes in ethreum. |
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Here in our country the image of cryptocurrency or bitcoin industry was really bad, Because some news here saying and talking about the digital money related to those scammed and fraud site about the money investments. I think we will change it sooner if the bitcoin will know as a good way to use instead of our real or local money.
If this is the case then, you should probably change their view, or perspective. You might introduce to them how effective the bitcoin, is and also you might spread the truth for everyone to be well informed to what is really bitcoin. You should not argue with them with nonsense rather said good things. |
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Yes the time will come in future because the digital currency is booming. A lot of people already use this currency. Hopefully in future it will the main transaction system. So the basic learning should start from school.
I also believe that in the future it will be the mainstream therefore ot is very important that the next generation has the background or some sort of schema to the said topic. This wi be benificial for everyone to understand how it wroks and what is it for. And also this will be a preparation. |
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That could be possible for facebook to promote cryptocurrency and I believe it will be positive in results ,for facebook of many followers there could be possibilty that facebook users will adopt crypto because of the promotions of cryptocurrency in this social media which has millions of users.
Yes this is true. Facebook is a huge community in which even the other generation rather than the current generation is engaging into it. Therefore we can really say that it might affect big time. Probably it will encourage more users if it happens. Hoping for it to happen. |
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Nope. Never trust anyone especially like youtubers claiming they know so much about the crypto markets. In fact a lot of them are just making videos to get fame.
The topic is all about the exoerts not just some random guys who uses bitcoin to get fame. Those are experts who based their predictions to the research or such, those are predictions with proofs. Predictions with things that are explainable and scientific. With we can say it is reliable. |
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