Some local currencies have existed for centuries. Why would they remove the present currency when both can exist? Cryptocurrency has not that much effect on the economy as of today.
If the technological era takes its place deeper then we cannot control the development of our currency it will definitely swoop out all of the currency we have now and indefinitely be the currency in the future. Since bitcoin is starting to be talked throughout the world maybe they will reconsider the potential and the rooms that bitcoin can give into upgrading and giving a better economy to the world and to individuals. |
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I know it is easy to search at google site but can you provide some evidences or links for more sites to get and it will be more reliable. Vatican is influential place. Big impact of Roman Catholic religion. People there love their church leader. One day if they will make a first step with the relation of religion it is not hard to convince the people about the one world leader and should have one world currency.
On its own, bitcoin could really notnimprove and be able to become a cryptocurrency suitable for all types of transactions, be it micro or macro. However, blockchain technology has bitcoin's back, and has since been the one to support and improve bitcoin with updates that would prove beneficial later on. So yes, bitcoin could still be a world currency with the help of blockchain technology. |
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I don't think bitcoin will be an antique.
That will happen after the supply of bitcoin reaches 21 million, and the value of bitcoin will rise.
All cryptocurrencies have no physical representation. Otherwise they will not be crypyocurrencies if there were physical iterations of bitcoin and ethereum. In this same manner, bitcoin would not have a useful value once it becomes obsolete since the coin is a program, not something that you can touch and get your hands on. So bitcoin will not be antiques |
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i have some bitcoins with me..any tips to invest them...dont want to spend them...should i invest in some ICO ??
Some people have experienced the big bang of bitcoin, and many of them want to have the same experience. Market capitalization is not unlimited, and I think really good ico and patience is the way to another leap. ICOs are good go-to investments right now since we all know that it is a spreading trend among the cryptocurrency industry. However, just a fair note, invest only if you have enough knowledge. ICOs may be very profitable at the moment, but there are also scams in this industry and they could victimize anyone. It's good to have a fair amount of knowledge beforehand. As what they always say, "look before you leap". |
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On this issue, I really liked the quotes from the interview of American venture capital investor and founder of the firm now known as Draper Fisher Jurvetson (DJF) - Tim Draper: «There’s a major revolution taking place that is now allowing for a better currency — one that is more secure, that is decentralized, that is more effective, more useful. It’s global. It’s open to everyone. It banks the unbanked. It allows people to send their money to their families in the Philippines or in Mexico without any big friction. It is a far better currency than the fiat currency.» «Right now, your banks are being attacked all the time. The hackers are poking holes in your banks and going after your fiat money and the bankers are pounding away trying to keep the hacks away but they’re getting hacked all the time. No one has ever hacked the Bitcoin blockchain. It is the most secure place to put your money. So as a store of value it is a great place to be.» «If you’re in Argentina or Venezuela or Nigeria you know that your currency is going to fall 30 percent every year, because, I mean, those countries tend to implode about every year. And people lose their fortune. Well, if part of your fortune is put into bitcoin, you’re not going to lose your fortune» «There are many many reasons [and] many many uses. […] This is going to be a major change in the future of the world. It’s a major breakthrough and I can’t wait for us to be sort of one world with our currencies as opposed to having it tied to some political influence or another, or some government just decides to inflate or decides that they’re just going to take a bunch of currency. This is a great opportunity for the people to run their businesses unfettered by political whims.» Source: http://bitcoinist.com/tim-draper-bitcoin-is-the-most-secure-place-to-put-your-money/ The news itself is a good sign for the cryptocurrency industry's global acceptance. Right now even countries make their own version of cryptocurrency to compensate for the ongoing massive trend and interest towards bitcoin abd cryptocurrency. This will be a great stepping stone towards global reach of bitcoin as even South Korea, a country initially in the negative when it comes to cryptocurrency, begin embracing and now making their own virtual coin. |
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Well that's Media for you spreading false rumor's just to destroy the reputation of bitcoin so they can hog all the bitcoin value.
False news have been going on for a very long time to almost every issue and product there is to divert the attention of people to the real scenario or to spread hatred or disgust against the product, person, or issue. Bitcoin is never an exception to false news. Ever since it became big in the market, there has been many false news that sprouted against bitcoin to spread hatred against bitcoin. People could avoid being victimized by false news by trusting bonafide cryptocurrency news media provider. |
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Do you think that cryptocurrency should be taught in schools or University? Specially in the field of business management?
As a student, I believe it will give us an advantage to this so called cryptoworld, right?
I think nations need to advance with vision, the future like Blockchain technology is the vision of today. so if included in the curriculum would be very good especially this is related to the economy directly. hopefully over time, then the government can understand how the needs of people who have helped with the existence of bitcoin Bitcoin as a subject yo be taught in college and univerisities might sound good on paper and in theory, but I don't think a lot of students and teaching institutions would approve of this, everything you could know and more about bitcoin, is at their whitepaper and in the internet meaning there's no actual need for a subject as bitcoin. Moreover, there would be a huge confusion between bitcoin's place in the curriculum. People and institutions might consider bitcoin a part of IT course while some may consider it part of economics. So I don't really think it would go down well. |
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With a country as impoverished as Zimbabwe, reeking of severe poverty and extreme corruption among their government officials that resulted to their own currency reaching a very high infoation rate making it utterly worthless, they really couldn't afford any economic measures that would make them invest money first before earning profits. That is why bitcoin is banned in the said country. |
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China's three major virtual currencies trading platform Bitcoin China, Coin Network, OKCoin currency have announced that they will cease trading business, the Chinese regulatory authorities so resolute and beyond imagination. I would like to know why China prohibits bitcoin. What is the reason, who can tell me? This is the news link I saw before： http://www.myzaker.com/article/59bf055a9490cb703500002b/ In terms of cryptocurrency on China, anything is good for cryptocurrency not until when the crime rate involving of cryptocurrency soared for the past months. Chinese government wants to protect their citezens on scams and frauds, in such manner China would never take the risks for cryptocurrency for economic purposes when they can really make it out with another way. |
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The main thing you should do to secure your wallet is to back up your private key. When you create a Bitcoin account, you will automatically have both a public key and a private key. The public key is a series of letters and numbers that you can imagine as a bank account. and use the 2FA feature, to make it more secure.
There are a lot of viable and effective ways of storing and securing your precious bitcoin investments at the same time. These are the so-called cryptocurrency wallrts that are effectively suitable for storing and securing bitcoin and other cryptocurrencies in a single keeping. This adds another thick layer of security to prevent hacks and thefts which are still happening due to the negligence of some investors of their bitcoins. |
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Seoul Mayor Plans to Unveil Better Self Crypto for Stratup Blockchain.
Park Woon-soon has announced that South Korea will launch its own crypto and create a better environment for startup companies Blockchain and cryptocurrency in the country. He wants to form a blockchain that is oriented like a startup industry and focuses on developing Seoul's cryptocurrency, 'S coin'.
One of the reasons for the development of 'S coin' is to improve the transparency of governance that exists there. Although the Korean government initially applied very strict rules against cryptocurrency.
what do you think about this? is this good news about the development of cryptocurrency in the future?
The idea of a centralized cryptocurrency started with ripple, and ai bet they are using the same ideology with the supposedly to be released S coin. I don't think it would do that much impact to established cryptocurrencies like bitcoin and ethereum but it does have the potential to revolutionize the nature of cryptocurrencies in some way. I just hope this innovation would be for the betterment of the industry as a whole. |
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Over 900 Million pesos worth of bitcoins been scammed.
Filipino couple amasses at least P900M in alleged Bitcoin scam.
MANILA, Philippines (UPDATED) – Police have nabbed a couple promising easy wealth through popular cryptocurrency Bitcoin, Philippine National Police (PNP) chief Director General Ronald dela Rosa announced on Tuesday, April 10.
Arnel and Leonady Ordonio were nabbed by PNP Criminal Investigation and Detection Group (CIDG) operatives – the police division in charge of high-stakes and high-profile crimes – in Vigan City last April 4 through an entrapment operation.
The scam, Obusan said, is structured like a pyramid scheme but with electronic money.
The Ordonios apparently had middlemen who lured people to invest. They promised to pay victims with their earnings every 15 days.
Fueled by the worldwide Bitcoin hype, more and more people were baited by the Ordonio couple's promises.
The complaints started piling in when investors lost contact with the Ordonios.
Whats happened next?
Around 50 angry victims stormed to Camp Crame on Tuesday, asking the couple if they could still get back the money they had hoped would grow.
Will bitcoin be banned because of that?
Regarding the bitcoin industry flourishing in the Philippines and if the government of the said country would take measures to subjugate or illegalize the said currency or even the entirety of the cryptocurrency as a whole,according to a reliable news source provider on the said country, the President's Spokesperson said there wouldn't be any measures to take to subjugate the cryptocurrency industry in the country. What they would do is conduct regulations and would let bitcoin and other cryptocurrencies in the market operate in the country. So bitcoin is okay with the Filipino people. |
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which I think is a kind of strategy
them to make an issue about bitcoin to fall
where they will buy when the price they are targeting
and make new news again to raise the bitcoin price to high again
For someone on the business industry, added the fact that it is the one and only Warren Buffet that claimed bitcoin would die a gruesome death, the initial reaction of us normal investors would of course be in distraught and worry over our past decisions regarding bitcoin investment. The best counterattack to this happening, is giving our utmost support and faith on bitcoin, with this, there is a high possibility we could alter any undesirable future from happening. |
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Many people are still aware the name of Bitcoin and the many governments thinks that bitcoin will damage their system. Here in india bitcoin is not legal or not iillegal but Indian government prepare to ban it.
I might correct you, though it is true that bitcoin was illegalized in countries around the world, the countries that banned compared to the countries that support and even let bitcoin be used in their territory is far more miniscule if you would consider. Anyways, these countries think that bitcoin would hurt their economy and might even think that as soon as bitcoin was implemented as a currency, them their own national currency might go obsolete and useless. |
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I think it will continue to rise, even if the price is low or high, because there are many people already invest in bitcoin, so it is very possible. Because we know that btc on the future the price may rise or high.
Theoretically bitcoin's value will continue to increase in value drastically until it reaches a certain limit which for example, is the cap for the amount of coins available for the said cryptocurrency. Anyways, it is still too far from now to happen so there are still a lot of possibilities for things unexpected of bitcoin to happen, so we can't really tell until we are at the moment. |
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As Bitcoin mining is partially controlled by Chinese miners, I have a feeling that sometime in the near future, Bitcoin can become centralized if no solution against this is proposed. If BTC could manage to bring a solution towards mining centralization by preventing mining pools with the most hashrate to effectively gain control of the network, then it would aim to become more decentralized over the years. As mining difficulty increases and new ASIC hardware gets developed, it would make it less possible for any average user to mine Bitcoin, thus making it more centralized each day. Nevertheless, I would like to know your opinion about this, as if BTC becomes centralized, it might cause it to decrease in value, and most of all, violate the principles that it was created for.  In no way do I think bitcoin would be centralized any time soon. First of all bitcoin was widely accredited and widely regarded because of its decentralized feature that gives numerous benefits to the users. So centralizing bitcoin would put all those efforts in vain. Moreover, there is no good thing about bitcoin becoming a centralized coin because this indicates that bitcoin would therefore be easily subjugated. |
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What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?
Implementing and consolidating cryptocurrencies with small-time business might sound good on paper since we all know right now that cryptocurrencies are a big thing to the people but I don't think it would go well in the real-world scenario because pretty much all that cryptocurrencies are better at right now is to become a very good type of investment for people to use in exchange for established investment methods in the market that cryptocurrency investment could equal to or even surpass in terms of profitability. |
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Crypto currency market is falling because of government’s point of view for bitcoin. Government of about 11 nation does not find bitcoin to be trust worthy and had even denied the use of crypto currency in their domestic sites and I guess this could be the most probable reason for down in the market of crypto currency and the second reason could be the media who is negatively publicising the bitcoin and all these factors are demotivating people from investing into BTC and therefore the market is falling. Cryptocurrency market should be handled and viewed by this government for them to be able to understand what is going on there specially to know and understand such matter of a digital currency. The decline of prices varies as news are showing that bitcoin is not a great investment or a currency to have in which i think that government made that so the people would ignore cryptocurrency. |
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Entering month of April, we are seeing the gradual increment on bitcoin's value. This leads to me this question, How stable is bitcoin? What are the factors indicating its constant movement aside from the fact that compared from the last years its value was unfathomable in a financial sense but sudden drops oppressing lots of investors. What sort of deem of hope to investors not to become disoriented and eventually selling there btc shares as its value decrease. What do you think guys?
Only one extreme situation will lead to its destruction. In the next few years, it may still be the largest cryptocurrency, unless the Bitcoin community causes its destruction due to greed or carelessness. Actually bitcoin is an investment because of its fluctuating value and rate. If not so it would've been a currency that is stable. We all know and we all see bitcoin as our currency to the future but in order for that to happen is that bitcoin needs to be stable in terms of rate or value. If this doesn't go like that then it is impossible for bitcoin to be a currency. It is just a matter of perspective if you can hold till you get a certain amount of profit if you are investing to bitcoin. |
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