At present, the global bitcoin transaction volume has reached more than 200,000 daily, and the number of merchants accepting bitcoin payment has reached several hundred thousand and is growing rapidly. In some developed countries, using only Bitcoin already meets day-to-day needs. It is believed that in the near future, Bitcoin will become the mainstream currency on the Internet. But it will not become a legal currency.
I think it's impossible to make Bitcoin as country's currency because of its unstable price. Also as we all know that Bitcoin has a limited supply unlike fiat. Bitcoin only be an alternative money but can't be the country's currency.
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The reason why government is not recomending tonuse digital currency sucu a bitcoin, because the government has own currency, and the goverment cannot control bitcoin.
The reasons why the government is against in using Bitcoin is because its volatility it's risky because it's not that stable and digital currency has a limited supply. Also it is decentralized with this government can't control Bitcoin also the Bitcoin holder doesn't pay any taxes since its a digital money.
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i suppose it happens sometimes in this world right? im not so upset but hoping for a better future.
I'm sure market is not slowly degrading, it's just a normal cycle of crypto like a roller coaster. Be patience and it will gonna bounce Back soon.
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there are still 40% who can access bitcoin then it can still survive, unless no one can access bitcoin then bitcoin will die. as long as there are still connected even if only 1 it can still survive.
Even in the provinces mostly has a gadget, how much more in the cities so I don't think that Bitcoin will fail because there's no acces in computer. Unless internet connection will collapse, there's a possibility that Bitcoin will not exist.
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Because there believe the price of bitcoin is going higher in this year. Because many people have interest to invest bitcoin and this people is hope a biggest price of bitcoin just hold bitcoin sure your life is going successful.
Probably investor in Bitcoin buy or invest more when the market price is decrease and hold, because in the future the price will bounce back and it surely multiple your profits.l
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Not every government does not like Bitcoin. Yes governments understand the benefits of Blockchain technology and have deployed blockchain technology applications for management.
The government in not in favor with Bitcoin because of its risk that when it collapse a lot of people will be affected. Yes there is a lot of benefit Bitcoin can give but with its volatility it would be hard for the government regulate it. Also since Bitcoin is a digital money government can't hold it.
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Currency is only a means of exchange
Actually currency represent wealth. It's hard to imagine without it, currency evolved from barter, to bartering with set medium of exchange. This trend seem set to continue and it is not unreasonable to assume that eventually physical money will be replaced entirely with electronic currency.
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i dont think so its to late to buy. a bitcoin now i thnik its a good time to buy a bitcoin and hold your coins for a short tme to get a remarkable profit in futere.
It's really not too late to buy a Bitcoin or invest in bitcoin. We all know that Bitcoin is getting wider and it is almost embraced worlwide. I could see a cashless world in the future.
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very good
I think Satoshi Nakamoto is the founder of Bitcoin but he just wearing a screen name or other identity to protect his whole family from any danger. No one ever knows who really he is.
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Bitcoin and the traditional banking system both carry plenty of risk, given that bitcoin is still relatively new and under development for mass adoption and banks are leveraging their investments to nosebleed levels.
Agreed. Traditional bank is already stable unlike Bitcoin is still going on more development. In my own opinion Bitcoin investment is a little bit risky specially if you are not knowledgable enough in the world of crypto. But thinking of its existence Bitcoin is the most reliable one.
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Thank you very much
I keep on telling to my Friends and relatives who own a businesses what are the good benifits in Bitcoin, and convince them to invest in Bitcoin because it is really profitable and ease to use. Discuss to them the prosper that Bitcoin brings into my life.
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I think that globalization has its outcomes, and it will be much more convenient to have one universal digital currency to make translations from pole to pole.
I think it won't happen cryptocurrency or digital money are just an alternative for fiat iso basically if cryptocurrency will be used in 2023 would be so hard for we need to connect to an Internet where as in fiat you just have to dig in your pocket and get some cash. Maybe it takes more decades than just years for cryptocurrency to be stable and also legalize.
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Because of block chain technology it is very difficult to steal somebody's BITCOIN. The private key is so long that it is very difficult for someone to remember it and use it later.
Nothing is impossible with our advance technology system were hackers could produce a software that generates our private key who knows. But since Bitcoin is build in blockchain technology it is hard to steal our Bitcoin because of its private key and it is not easy to tampered.
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Still it is a profitable coin. I think it will work for a long run.
I don't think so, that Bitcoin have more risks than benefits, because for me I still found Bitcoin profitable and I enjoy the benefits in Bitcoin.
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Today in South Africa on our radio station 90.6 at 13:00 the presenter even read the current Bitcoin price. This is amazing to keep our radio listeners up to date. Does your country radio stations keep you updated with the current Bitcoin price?
That's not what happened to our country, but it's a good news for your country to have advertisement in radio station so that many poeple benefits with digital money to exchange into fiat and many who know it. Advertising in a positive testimonial that are supposed to prove that the technology is working, will make Bitcoin more popular. Since in our country Bitcoin is not so very popular and we can only update the Bitcoin latest price only in Google.
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In my opinion, Bitcoin in the future will become a significant currency for us, and not just a means of investment. As we know that Bitcoin is best investment this technological inventions Bitcoin will be driven into the mainstream by economies that are thriving. And for me its not been truly proven that Bitcoin failed as a currency.
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Dont you know how to check market cap?bitcoin holds 37.2% of market share and thats a rise of 1.2% from 36% last quarter.so where did the cnn get their percentage?
No this is another fake news from those against bitcoins.this is not the right time about this kind of topic because we need to grow.dont make politics here
Agreed. Whatever negative news against Bitcoin can't stop me to continue investing. For me Bitcoin still dominate in the crypto world.
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Never panic when you are seeing bitcoin on very low price, just calm down and keep hold your balance on your wallet, it usually happen with bitcoin and you can take profit by invest more on bitcoin when have low price. Did you remember when some time bitcoin was banned In China ? how low price of bitcoin, but day by day bitcoin raised and high again on very high price. It will be your more experience when you faced bitcoin on low price. [/quote
Yes this is the real world of Bitcoin the crash itself would be nothing new Bitcoin's relatively old. During downfall of price Bitcoin has so far bounced back from every dip. Bitcoin is a tangible asset, once you own one Bitcoin you own one Bitcoin for life.
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Bitcoin is a cryptocurrency, so it has a price. And also in many countries bitcoin is now granted. So it plays not only a vital role but also some day it will control a large number of economy in future.Many people believe that they can change the way through bitcoin in economy.
Definitely yes, Bitcoin plays vital role in the economy because it gives numerous opportunity to society to earn profits without any taxes required, although government will not really agree with cryptocurrency but I know later that government can realize the good thing brought by bitcoin.
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The popularity of bitcoin is increasingly popular among people is a victory in itself because many people believe that bitcoin is a successful crypto currency and even became the king of all digital currencies.
yes, bitcoin is gaining in popularity and is increasingly recognized by people, because people believe that with bitcoin they can make it profitable for them, and bitcoin I think will always be the number one crypto money, and will always be the king of coins, bitcoin will always win . Since Japan as the top one in terms of innovation and technology is now entering the cryptocurrency world, there is no doubt that Bitcoin will gonna win and conquer all the negative vibration. We cannot control the FUD they have their right to express but they cannot bring Bitcoin down.
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