Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
I think bitcoin contribute a lot of support to built a strong world economy. But sometimes its decentralised nature putting negative affect on different country economy. Bitcoin support many country economy by resolving the unemployment issues present in those countries. In many developing countries Bitcoin work as bank and help to grow their country economy. And it is accepted by many big multinational companies like Amazon, Microsoft, Samsung etc. These thing contribute world economy in a positive way. |
|
|
|
Everywhere you can find cryptocurrency topic especially ICO projects are doing well on the marketing through social media like facebook, twitter, reddit, linked, youtube and etc. Celebrities, influential individuals and high ranking government officials are talking about cryptocurrency and that is why i think cryptocurrency is a trending topic all over the world. Do you agree with me? Even haters help cryptocurrency to be known all over the world so let just leave the haters then.
Cryptocurrency always have a hot gossiping topic for many economist and for cryptocurrency related people. Cryptocurrency is famous between people because of its advantages and disadvantage. Cryptocurrency are decentralised currency and that means its not control by any government or person and this thing make it a trending topic in all over the world. Cryptocurrency highly secure money transaction facility also make it famous. Cryptocurrency are mainly used for cyber crime because of its untraceable and uninterrupted money transaction facility. This thing also made cryptocurrency as a trending topic.  |
|
|
|
The value of bitcoin is going down due to the news of google about banning cryptocurrency related ads and ICO. But not only that Twitter and instagram according to some articles are also making those actions. Though it is unverified information but it is making a stir on the market thus have played a role on the drop of bitcoins value. But thanks to the news on G20 that says they are going to tackle about the benefits of cryptocurrency, bitcoin has recovered its value and hopefully to climb up more.
Their are many reason behind this rapid falling of bitcoin's price. Bitcoin is a volatile currency which is another reason behind this. Bitcoin is a decentralised currency which means it is not control by any central authority or person. So their a lot of disturbance seen in its production and supply. Irregularities in the mining of bitcoin is also a reason behind this. Many government sacred of bitcoin and ban it in their country. And this thing negatively affects its market prices. Altcoin popularity also affect indirectly in the price of bitcoin.  |
|
|
|
Cryptocurrency are the new era currency. Cryptocurrency mostly affect the investment market. Many investors finds profits in it. Everyone like to use cryptocurrency because of its advantages. Many People mainly use cryptocurrency for their money transaction purpose because it is safe, secure. And it provides to much privacy to its user. Many big multinational companies are start accepting cryptocurrency for their various purposes. Day by day cryptocurrency popularity and price increase and after seeing that many people start their cryptocurrency journey. And these above things proves that cryptocurrency will have a good future. |
|
|
|
Do you think that Bitcoin has become too slow to compete with the relatively quick alt coins out there? Is it realty competitive to have a slow community rather than a centralised decision making in development?
In other words, does the community effect of decentralisation enough to counterbalance the difficult decision making processes?
Bitcoin has a bigger platform than that of other cryptocurrency. Bitcoin is an experienced and upgrade cryptocurrency, but its volatile nature produce difficulties in its progress. Cryptocurrency other than Bitcoin know as Altcoin. And in resent time Altcoin make an unimaginable progress. Altcoin like etherium price is too good to invest. Many people choose it for long term investment. Litecoin is also made an unimaginable progress. Litecoin clear more transitions in a day in comparison to bitcoin. Like this ripple also provid better transaction experience to its user. |
|
|
|
I did some research for last few months regarding cryptocurrency. I got some crucial questions in my mind. One of the questions is: Will other coins go to near to the bitcoin value or bitcoin will go up again?
In past sometimes Other cryptocurrency except bitcoin made a incredible progress. Many people attract Altcoin instead of bitcoin. And the reason is falling the price of bitcoin. According to many economist prediction etherium or ripple may take the place of bitcoin soon. Etherium is mainly use by many investors for long term investment because of its less volatile nature. Many people attract towards ripple because of its fast transaction speed then that of bitcoin. So these currency have potential to take the place of Bitcoin. |
|
|
|
Bitcoin is virtual currency due to this many old minded people doesn't believe on this. But many people succeed after using bitcoin. Bitcoin is covert into real currency but it is occur only in those countries where it is accepted. Bitcoin provides a lot of options to its user to earn money from it. By using those options anyone can succeed. Bitcoin secure transaction facility with low transaction cost help to succeed many bussinessman and online retailers. Many unemployed person also succeed in their life because of bitcoin's advantages and innovation software. |
|
|
|
I dont so detail like you said above. I siad bitcoin is number just because its popularity and value so high.
I also said that because the marketcap of bitcoin is in the top.
Bitcoin is number one means it number one in so many thing like in its price rate. Which is also comparable with price of gold. Bitcoin is number one because of its blockchain technology. It is also number in security purposes. It provides its user an high level security with secure money transaction facility. Its user an high level privacy with untraceable money transaction facility. Its decentralised nature also make it innovative and number one. Bitcoin innovation technology and advantages make it number one. |
|
|
|
Bitcoin is a digital currency so it is obviously a volatile in nature. So fall in its price is not a big agenda. It price ups and down frequently. In 2017 Bitcoin reaches its highest mark. But in 2018 its price is continuously falls and in resent time its value is less then 6000$. After seeing this many economist consider bitcoin as a bubble. But i think its price will be increase. In resent sometimes ago bitcoin is accepted by many multimillion companies for their business. This things shows that bitcoin price will be increase. |
|
|
|
Many people say the government is not interested in cryptocurrency. Many people think the government has prohibit crypto to protect investors from risks. Maybe in your country, that's true. But in some countries, especially developing countries, the government just wants to rob your assets. They rob publicly, lawfully and as much as possible. they are really bandits.I'm not afraid what they do. Because we have many ways to fight them. But this world is not as simple as you think.They can kill you if you are demonstrating. You can ask any vietnamese that : Do you support your government ? I bet 99% answer is never. 1% remaining I'm sure they are goverment employee or their family. You're right. In my country, the government is the bandits. Sometimes they have to enact laws that are difficult to understand. They want us to pay more taxes, but they can not help us when we are having trouble Different government have different agenda with bitcoin. Some of government work with it while some of government work against it. Develop country like japan work with bitcoin to develop their country economy. Some government sacred bitcoin because bitcoin directly affect their country economy and financial growth. They scare because bitcoin affects their country banking system and their country currency. Sometime bitcoin involve with many serious crime which is the another reason behind this topic. |
|
|
|
|
Bitcoin affect differently on different country economy. Sometime it affect in positive way sometimes it affects in negative way. According to Chinese government bitcoin affect their country economy by affecting their country own currency value in the international market. According to some other countries government bitcoin affects their country economy by affecting their country banking system. In some countries bitcoin help to built their economy strong by reducing unemployment issues in their country. Bitcoin help central African developing country's economy by helping their people in money transaction problems.
|
|
|
|
|
Bitcoin is a highly volatile in nature and their is many thing which cause the fall in the price of bitcoin. First of all is the negative news shown by different media and news channel. Due to its decentralise nature no central authority presented in it. So their highly irregularity shown in its production and distribution. When bitcoin is not supply as per its demand then the price of bitcoin falls. When an government ban bitcoin in their respective country then their is a price of bitcoin falls. Many investor does not invest their money in bitcoin because of bitcoins volatile nature and this causes fall in the price of bitcoin.
|
|
|
|
Bitcoin is a volatile currency which means their is up and downs in its price and when its price down then many investors loss their money and consider bitcoin is a bubble. But i think bitcoin is not bubble. Their is another reason present because of this many people consider it is a bubble. In the year of 2017 bitcoin price increase surprising like a bubble swell but in 2018 their is steadily fall in its price which makes its a bubble in front of many people. I think its price will be increase and it is not a bubble. |
|
|
|
Guys I think that Dogecoin really is the new Bitcoin.
Think about it.
- meme proof
- high supply
- low fees
- capable devs
- stability, no political power struggle
- huge fanbase, reallife usecase
- community
- big wow, very profit, much coin -> solid branding
So Dogecoin will become the biggest crypto within a year or so.
Otherwise Loomdart will refund.
Although Dogecoin is good cryptocurrency with huge fan base but i think it doesn't take the place of bitcoin. Bitcoin is old and upgraded cryptocurrency where as Dogecoin is in still upgrading. There are many factors present which make bitcoin more effective then Dogecoin in the crypto world. Bitcoin is accepted in many country in comparison to Dogecoin and its price is also higher then Dogecoin which attract more investors to invest in it. Bitcoin is mainly powerful for its Blockchain technologies. |
|
|
|
I thing bitcoin is more popular and profitable then ripple. Bitcoin is an old and advanced cryptocurrency. It is accepted by many developed and developing countries then that of ripple. Bitcoins popularity is the main reason behind its increasing market price due to this many investors shows their interest in bitcoin investment in comparison to ripple. Many businesses using bitcoin insted of ripple for their bussine. Ripple is not a bad currency. Ripple money transaction speed and facility is much better then bitcoin. But as a overall bitcoin is better then ripple |
|
|
|
We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency? There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today. [/quotes] Tax is important thing for a development of a country. But bitcoin user does not pay tax to their government because it is a digital currency. And this thing ultimately put bad affect in an country economy growth. Bitcoin also affect an country's economy by affect the national currency value at international market of that country. Bitcoin is decentralised currency and this is the one of the reasons behind bad economy. Sometime bitcoin is helpful for an country economy by reducing the unemployment issues in their country |
|
|
|
And I think Crypto will never replace national currency because the structure of crypto and national currency is different. Both have their own advantages and disadvantages.
Crypto currency is a digital currency know as electronic money where as national currency is known as physical currency. you can access crypto currency only with the help of internet but you can access national currency with the help of internet and with out help of internet. National currency never ban in any country but crypto currency can be ban in any country . crypto currency is decentralised in nature where national currency is not. National currency is less volatile then crypto currency. National currency can duplicated but crypto currency can't be duplicated. |
|
|
|
It's really has the fact that bitcoin and other cryptocurrency can brings a lot of benefits to us and to our society. It is very useful and helpful to people but for now I can't see cryptocurrency will be replacing any fiat currency because at first, we are aware that crypto are not yet legalized and adapted in many countries because the government knows how risky this system has that's why I really doubt that it can be replace fiat currency but will never know if it will happen in the future.
I think crypto currency like bitcoin not always helpful to society some time it damage our society by its negativity. Bitcoin mainly famous between people because of its money transaction facility. Which provides high secure transaction with low transaction cost.but sometime this untraceable money transaction facility badly affects our society.many anti social people use it as a source of crime. Because of bitcoin popularity many businesses and retailer use it for their business.in our society many people use bitcoin for shopping, for booking tickets, for rents etc. |
|
|
|
|
Btctalk name: Epimetheus
Rank: Hero Member
Current post count: 1409
BTC address: 1N218wcgqeCkunhQKS78R1xatf81zGvbo8
Wear appropriate signature: Yes
Wear avatar: Yes
|
|
|
|
Bitcoin is the leading coin of the market. What you think about the future of bitcoin and others coin?
Bitcoin has the capability to lead the cryptocurrency market but not forever. Although it lead the virtual currency market since it is created but their are some improve and advanced coin like ethereum, ripple etc may beat bitcoin. Bitcoin is accepted in many country in comparison to other crypto currency and its market price is also higher than other crypto currency but the other currency are also accept by many country and many multinational company start accepting altcoins for their various purpose. Bitcoin volatility nature one of the biggest reason for its downfall. |
|
|
|
|
Show Posts
