Well for me , before that would happen, bitcoin would have been legalised and replaced fiat or running very close with fiat. This would obviously mean more minning and then we could be thinking of that.
Bitcoin is not even illegal. Bitcoin just don't get recognition by the government or the government don't really talk about bitcoin because it will cause a hype. Some of the governments don't ban bitcoin because banning bitcoin will create a different effect. People are going to find out about it since there will be articles about it as well as announcements. Instead of burying the idea of bitcoin, it will serve as an advertisement for it. When they released a statement about bitcoin, people will be curious about bitcoin and why is the government banning it. And so they will learn that you can transact with people from the other side of the world by just having to a pay a couple of centavos. This is such a huge advantage for the people because sending money across countries costs a lot. With bitcoin, it costs almost nothing at all. I do agree that before this happens, bitcoin would have already replaced fiat. I can't imagine what the world will look like if everyone's using bitcoin and the government can't collect tax at all. if you have bitcoins of 1 million dollar than i than you are the luckiest men because the prices of bitcoins are getting higher and soon you will be a rich man and than you can buy what ever you want and you will be thankful to bitcoins. |
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Yes, I think so. Because of the fast growing technology we have in our generation today. It is not impossible that Bitcoin will replace dollar soon. It started on having digitize payment system when online shops become popular. So there will come a time that Bitcoin may be accepted by the government and the public so as accept as payment and our "digital money". yes i sure that bitcoins will soon take place of dollar because the price of one bitcoin is more than a dollar now a days people use bitcoins and the usage of dollar is getting down thats why im sure that bitcoin will replaced by dollar. |
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Have you ever wondered how would the world's economy be like in the future as a cashless society? Perhaps, with the increased traction of blockchain acceptance nowadays, could lead to the creation of digital fiat currencies powered by blockchains that are managed by governments themselves. With this in mind, there would be no need for physical cash, as digital fiat currencies would provide many advantages such as quick settlement, global payments, full transparency, implants use on citizens to make payments, and more. If this becomes a reality, which I'm sure that it will, it would radically transform our lives for the better and reduce criminal activity as a result of the full transparency and auditability that a digital fiat currency would have thanks to the power of the blockchain technology. Also, it makes me wonder if cryptocurrencies like Bitcoin would exist by that time, or will they co-exist with digital fiat currencies. Nevertheless, I would like to know your opinion about this.  I feel that we are inevitably heading toward a cashless society, between credit card and debit card payments and now smart phone payments we are already pretty accepting of this concept. The big question is does blockchain based currencies have a central role to play in this, an my answer is that I think they do. We are getting there little by little, but if for no other reason than a novel technical solution I believe that crypto will be a dominant player in the future. I feel like everything will be more compact even our cash. Thus, people likes to use cards. Plus, you just seems a richer when you are using card to pay for stuffs. People wants everything to be digital and accessible online. That's why banks integrated their service on the Internet and have online banking. Another thing, people like to keep stuffs on their phones. Banks already have those. Those are the things that we also offer in cryptocurrency. You have your wallet on your phone. You have your wallet on the Internet. On the other hand, bitcoin can offer more things than that which the mainstream might want. First, anonymity. Who doesn't want to keep the details about themselves. Bitcoin is not exactly a fast and free transaction but it's better than Paypal when it comes to transaction fees, and it surely is a lot faster than when you are going to transfer amounts by physically going to the bank. Most people are not aware that you can do this so they don't really use crypto coins. And so we have to inform them, although they can be discouraged by the scams and dramas going on in bitcoins. cashless society will be more peaceful than that society in which people use cash because keeping cash could be riskey but keeping bitcoins will give you benefits financially and also tension free life is just possible with bitcoins. |
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Saving money to your pocket or to your hiding place is not a problem but when you compared it to a money where it has been put into a bank, it will have more value than to your money kept within. Let us make a scenario for you to better understand. let say that you have 100 and half of it is kept within you while the other half is put in a bank, after 1 year, you gathered both, the one you kept within you retained its original value while the one you invested in the bank gained interest and increased its value. In this scene we made we can say that your money could have been increased if it was put in a bank, means that if you wanted to save at the same time earn money, the bank is the best place to put it, a secure one.
the right way to chose in between saving money and investing money is to invest money because investing money can bring positive changes in your life so if you have thinked to invest money than bitcoins will be the right place to invest your money because its prices are going higher and higher rapidly. |
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Bitcoin can not change the economy of the country. It's just money that you can pay off or earn it. To improve the economy, it is necessary to take action, and not to introduce a new currency.
A solid currency can in fact make a country or even the world more prosperous, when gold was used as the standard around the world we saw one of the biggest growth in investments in the world, because people know that their currency was stable, now that trade is based on the dollar and those dollar keep being printed as if they could print them forever governments are trying to get rid of their dollars as fast as possible. As far as I know any country is limiting themeselves on printing more and more fiat currency as printing more may devalue or depreciate the fiat currency. It is really not a wise plan as the economy will fall from prices of commodities going up and the exchange rate going down your country will face a very bad recession. And the way how you think that Bitcoin will be the next gold in terms of investment I am hoping that it is true and it is now the time for us common people to become wealthy. Exactly a currency that can be printed at will and that has no limit helps the government and those that are powerful and have connections with them, but it does not help anyone else, the people benefit by having a currency that cannot steal from them with the hidden tax of inflation, once we have money like that whether that is gold or bitcoin the prosperity of the world is going to go upIf it were so, we would still be on gold now But we ain't, and it is not someone's whimsy. You are certainly correct that printing excessive amounts of fiat helps government and those powerful people to become wealthier while making ordinary people poorer. But this is a heavy abuse of the power of fiat money. Fiat money has an advantage before gold (and cryptocurrencies, for that matter) in that it can be created as well as destroyed according to the requirements and needs of the economy. This is not the case with Bitcoin and the rest of the pack The short term effect of printing more Fiat currency is good but like what I said it is on a short term which means it is only temporary. By printing more Fiat currency in your country you are only devaluing it as you are causing an over-supply of your own Fiat currency even if the demand is not going up. Printing Fiat currency won't be a solution for a country who has a right mind, even United States are not printing more U.S. Dollars to pay of their debt. But the different thing about Bitcoin is that when someone receives Bitcoin as a source of income in your country it actually becomes part of an improvement for your country I was talking about printing excessive amounts of fiat which is certainly bad And which I made clear right at the beginning of my post. In fact, in the modern fiat system the government of a country or its central bank doesn't need to print anything at all. Just like I said, money can be created and destroyed as required by the economy itself. If the economy expands, banks loan out more money, and thus more money is created. Conversely, when the economy shrinks, more loans are paid paid back (or written off in case of the borrower's default), so the amount of money in the economy diminishes. That's why the modern fiat money is called credit money since it's created and destroyed via bank credit yes it is not to difficult for bitcoins to improve the economy of the entire country because the price of each bitcoin is much more then gold so if each person of a country started using bitcoins than within one month you will see changes in the economy of country. |
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Peoples holding btc some time before, has got significant profits over his investment in btc. Hope with investment i am doing now, in next few years i can have alot money from holding up btc.
saving bitcoin for a long time has much benefits than using it if you use your bitcoins than you will lose it but if you save it for long time than the prices are going higher therefore you will be a future rich person. |
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I just always wonder if those billionaires still invest in btc. Do they even know btc exist?
I think rich people plays a great role in bitcoin price. The reason why bitcoin price is rising, is because of those big time investors who invest in bitcoin. Bitcoin can be used by everyone, it can be used by rich people and by common people. not just students and unemployed people invest in bitcoins but billionaires also invest there money in bitcoins because they knows that bitcoins can help them to make them more stronger financially so it doesn't mater how are you and where are you from but if you want be a rich pesron then invest your money in bitcoins. |
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Bitcoin investment involves risk like other investments.But bitcoin has already come across much critical situations and it has survived.Bitcoin would loose its value when there is no body to buy it,but we could see that the demand for bitcoins is ever increasing day by day.So,the chances are very less for bitcoin o loose its value completely.
no it is almost impossible for bitcoins to loose it values because now a days millions of people are trusting in bitcoins and the only hope for then is bitcoins so if you are investing money in bitcoins than you should not be worried of loosing money in bitcoins. |
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what is a bank? it is just a service that is offered on money. these services are so many different things. such as loans, credit cards, savings account, Checking accounts, other types of account i don't know the name of in English  , Insurance stuff, Mortgages, Safty Deposit boxes, ... banks doesn't have to be affected by bitcoin or bockchain technology. it is just a different form of money! Since bitcoin or cryptocurrency is getting popular some of the banks now are little by little adapting the system of crytpocurrency or digital. Where there's a rumor that Banking future in digital currency. in seeing bad future of banks because as all the people will be using bitcoins than there will be no use of banks so if there will no use of it than obviously banks will be finished and than there will be kingdom of bitcoins as bitcoins will be known as kind of economy. |
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you can't hope that you will become millionaire. But you have to work hard & give time so much.
That is very true! Reminds me of a quote, "If you will spend too much time thinking about a thing, you will never get it done. Make at least one definite move daily towards your goal." -Bruce Lee- For being a successful person with the help of bitcoins, hard work and daily progress is a must. I agree with your quote. With the help of bitcoin anything can turn to possible. But you need to be also a wise spender. Many us here are just spending bitcoin or fiat that came from bitcoin to just non sense things. We should learn how to be thrifty, appreciate the value of bitcoin before you regret it later on. So in able to get rich is not just hard work and time but to value what you reap. Bitcoin will simply be a tool, but it would all depend on the owner and user. I also agree that bitcoin will help but one would have to be a wise spender. Bitcoin can give you millions but if make ill financial decisions then you will never be rich. It's not all about being thrifty, you should invest wisely and allocate your budget wisely so that you may attain millions. To become a billionaire, it doesn't happen overnight even with Bitcoin. It should be a habit and lifestyle. before the concept of bitcoins it was in stories that a person can be a millionaire in leaps and bounds doing no hard work but now bitcoins make this happened in the reality so if you want to be a millionaire than enter the world of bitcoins because it is a gate way to be a millionaire. |
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I always try to hold Bitcoin and other good alt coin for long term investment because i am born very poor family so i try to hardly my future life is secure.I hope one day i am successful in this struggle of life.
im saving my bitcoins for future before entering in the world of bitcoins i was really worried about my future but now as i'm inn in the world of bitcoins there for now i have no tension about my future because bitcoins are there to help me in the future. |
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2 man,thats all
almost all my relatives are asking me about the bitcoins and the friends of my each relative askes about bitcoins and so on mean about millions oglf people are askinge about bitcoins and are eager to know about bitcoins so they can also invest their money in bitcoins because now a days the prices of bitcoins are going high. |
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this is something that can reduce unemployment in every region because we can encourage someone to understand bitcoin but all we can not do that easy because people have their own opinions about bitcoin  yes it is true that unemployment drives people to bitcoins because bitcoins your only friend which can help you financially when you are jobless so if you are unemployed than you should invest your money in bitcoins because the prices of bitcoins are going higher and higher . |
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I don't know why people say bitcoin is gambling. Its not gambling. You are investing your money and time. You use your internet. So its not gambling dealing with it.
I agree with you, investment and gambling are different but there are gambling games that are using bitcoin. bitcoins is not gambling because in bitcoins your money is completly in risk and you can not predict your future in gambling but in bitcoins your money is completely safe and there is no risk in bitcoins and you can easely predect yor future in bitcoins. |
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I guess there's totally no risk involved in investing bitcoins.Even though we have to keep some things in mind.
We must keep.our wallets safe and never forget it's password and always have a backup.The best option is to have a cold storage which cuts down your risk to zero.
The second most important thing is to avoid spending the bitcoins you invest because the key to good investment is to have patience and withdrawal at the right moment.
There are risks in bitcoin investment and that is the volatility that can lead you from getting negative profits and if you don't manage your bitcoin well then you will end up selling because of the temptation and the second risk is the security because there is a lot of hackers out there that are trying to hack your bitcoin wallet so you need to be careful. there is no risk at all in investing in bitcoins because the prices of bitcoins are going up rapidly you will never see the prices of bitcoins decreasing and bitcoins have promised their investors that bitcoins will never disappoint you in profit so investing money in bitcoins is not risky. |
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I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.
yes you are right. i am agree with you. Some people think only one side. they don't know there are so many people who don't want to save their money in bitcoin bank due to up and down the price of it. And you cannot change their thinking. my planes with bitcoin is that i will buy more and more bitcoins in future the prices will be get higher and higher and than i will wait for the right time to sell my bitcoins and than i will be a rich man in leaps and bounds. So we should go for bitcoin instead banks. |
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Every thing has an ending. It would be cool if the whole concept of money could be eliminated and we evolve into another form of existence. I could see AI and robotics doing all the tedious labor running on superior forms of free energy. Food growing abundantly and cost free in hydroponic sky scrapers. The indoctrination of consumerism in children eliminated for ever only to be looked back upon as one of the most barbaric assaults on the human race. Cultivation of the right brain and feminine aspects to grow a society of balance and understanding.
bitcoins are like magician and soon bitcoins will vanished the cash banks because now a days people trust more in bitcoins rather then banks so if all people are trusting in bitcoins then banks will be nill and than banks will be finished. |
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i think Bitcoin will be more potential in 5 years, hopefully, Bitcoin will be spread out all over the world and it will be a major factor in the financial platform. i also think that Bitcoin will dominate in the digital monetary platform within a year.
i think that in the next 5 years bitcoins will increase its prices so rapidly and than the demand of bitcoins will increased and more and more people would like to invest there money in bitcoins and than after 5 years bitcoins will be the king ok economics. |
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For me bitcoin is a digital currency and serves as a scheme for getting rich, by the way I follow some of the projects I'm paying for investment.
My reason for the bitcoin world is because bitcoin has a high selling value over a long period of time, because that's also what I stick to bitcoin.
for me bitcoins are the only source of income because before entering the world of bitcoins i was jobless but when my friend topd me about bitcoins than i started investing my whole money in bitcoins and now bitcoins are the source of income for me . |
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My dream is to hold 1000 bitcoins in the next 5 years and spend few of them like 10-20 to have my new house and new car.I would also buy a cruise bike with my bitcoins.My current dream is to make 10 bitcoins in the next 6 months.
my bitcoins dream is that will buy more and more bitcoins as much as i can because i know that its prices are going high therefore i want to be a rich man in leaps and bounds thats why i'm buying more and more bitcoins to be a rich person. |
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