 Show Posts
|
|
Pages: « 1 2 [3] 4 5 6 »
|
bitcoin has always been a global currency! that is not something it becomes. bitcoin is designed to be a global (boarderless) currency and has been exactly that from the start. all the drama about the price and the rest are the things people introduced for themselves afterwards and they have nothing to do with bitcoin itself because you can choose to use a currency as something you HODL, you can even HODL US dollar but that doesn't make dollar less of a currency. it is interesting that you are doing it yourself too by contradicting your own statements. your title says "currency" but then all you focus on is the price! and that is one of the reasons why the mass adoption has not yet happened. because people talk one way and act another.  You know I do not mean that "global", bitcoin born with decentralized, the point is how it can be used by everyone in the world in their daily life. I am not focusing on price at all - sorry if it makes you come to that - actually it is like a joke, such as "when to moon"...  What I am focusing on is how this bitcoin & blockchain can change the world fundamentally. |
|
|
|
In year 2000 there was an end of IT bubble on global stock market. Guess what happened before? Everyone was buing stocks of IT companies, no matter what this company was doing, no matter if this company had profits or not. Company making shoes decided to go into IT market? Great, stock price was 100% up in less than a month.
Thats bubble.
Growth without any reason.
Can any crypto coin be replaced?
YES, we may have new very popular coin that may be more popular than BTC.
Can Euro or USD be replaced?
NO
I remember those days that IT bubble ended in 2001, Nasdaq got more than half cut, and it is a good point in comparing with IT bubble, but do you think now blockchain in the period as internet in 2002 or earlier? In early internet times, at least we have popular application like email and website(https), what does blockchain has until now? cryptocurrency? When can we have the simple universe application? Regarding cryptocurrency, I think the current stablecoin is not stable as they anchored to USD, central banks are eager to put blockchain technology into their national currency and not use any cryptocurrency to replace their fiat, so from this perspective, I do not see any possibility to make bitcoin globalized, but on the other hand, this may also create opportunity for bitcoin when the transaction get faster with low cost, user friendly...etc, because it is almost impossible for all the countries in the world joint to ban it, it all depends on itself. |
|
|
|
I certainly hope so, or if not bitcoin there will be a digital currency that will operate on a blockchain. I want your like to think bitcoin would be the one but I think governments will more than likely create a new one that hasn't already been out there amongst the little people.
Yes, government more likely to have cryptocurrency transformed from their national sovereign currency which is similar as the currency world nowaday, but I guess bitcoin price will tend to be stable or less fluctuated after blockchain in dominance position. |
|
|
|
|
(1) Bitcoin just a icon or trading tool which is not going to be used by global consumers for payment purpose as a mass adoption?
Bitcoin not just a icon, it surely will play an important role in global market as a payment tool, together with blockchain technology development & more and more consumers reach consensus to accept cryptocurrency as a payment. In other words, if there is one cryptocurrency which can be a global currency, it will be bitcoin.
(2) Will bitcoin become global currency in next 20 years?
Definitely. Recently more and more stablecoin created to meet the needs of investors who needs them badly because the cryptocurrecy price fluctuation not suitable as the intermediary of payment, also central banks are also pay attention to blockchain as FOMO, but they will not give up mintage power to 3rd party cryptocurrency like bitcoin, more likely they will make their national sovereign currency digitalized (in reply to Pomp twitter), so they are still national currency, but national cryptocurrency. USD as a anchor of stablecoins will play a even more important role in crypto world, but we still need a original cryptocurrency - that is the opportunity of bitcoin.
(3) How bitcoin can change our society and daily life fundamentally?
Bitcoin changed our society from the recognization of the new world by combining new technology with economics together, which changed the relation of production, we all will benifit from its evolution into corners of our society.
(4) Which industries will be the breakthrough points for mass adoptions of bitcoin (blockchain)?
Financial sector, supply chain, games...etc. But most important part is it can be used by majority of people in our society, not just 3rd party & companies.
(5) How long it will take to see the bitcoin price skyrocket to $100,000?
In 10 years, let's wait & see, just be patient
|
|
|
|
|
We are experiencing a going-down market from the beginning of this year, many speculators left the market & some new visitors coming in, it is not a bad thing - at least the market sort out those true believers who are the HODLers, but what they believe is a great thing or it is just a last virtual banquet? so here are some questions for us to discuss, if the answers are positive, hope it can bring us more confidence and patience to keep us stick to bitcoin for a very long time, here we go:
(1) Bitcoin just a icon or trading tool which is not going to be used by global consumers for payment purpose as a mass adoption?
(2) Will bitcoin become global currency in next 20 years?
(3) How bitcoin can change our society and daily life fundalmentally?
(4) Which industries will be the breakthrough points for mass adoptions of bitcoin (blockchain)?
(5) How long it will take to see the bitcoin price skyrocket to $1M
Any more questions or insights are welcome to follow, I will start as the first answer.
|
|
|
|
|
