Nowadays bitcoin reach other countries and it is use in some transactions and very helpful in some country's economic.
What you can say?
Can bitcoin govern the world of business market, govern the world of every payments as it is moving to make it the future money.?
I can't see bitcoin governing the world since less than 50% of the population uses it or maybe less 30%. Aside the bitcoin is limited and even its price would hit 50K US dollars that wouldn't be enough for the billions of users. The banking system around the world are pretty similar to each other and cannot handle a virtual money with no assurance and backed up by nothing. |
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Despite the techological breakthrough that may and will happen in the future, we will still have some people who'd be using fiat.
Technological advancements will lead to a great future ahead of us, maybe a couple of decades from now and i guess using of fiat will be just a secondary options as a method of payment since technology can do it now. Bitcoin will be the primary and main reason why these things will happen in the future and that is why the prohibition of bitcoin is still a debate topic since we do have different governance who handles us. If ever bitcoin will be legalized and accepted by the government, banks would be useless at all and cryptocurrency, blockchain and other platform will take its place for monetary system. |
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A society cannot be called completely cashless society even if it is mostly using digital money. We cannot still deny the fact that we need the paper money to regulate the economy of our country and to identify us that the currency we are using is belongs to that society.
A cashless society is something that is very much suitable for the future state of the society. There people will have very fast and reliable yet safely secured to ensure the optimum transacting experience of all users. I believe that the upcoming implementation of bitcoin as a currency will be a good stepping stone towards this vision. |
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I think not. And it's better not to risk investing in Ripple. It is better to invest in other good coins.
There is a solid amount of chance of this happening in the near future. Because all altcoins that are crowd funded has a fair chance of becoming an official currency in the near future. However, because ripple is still controlled by big banks in the industry, I don't think it would give us a bigger benefit in terms of overseas transaction like how decentralized coins could. |
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Bitcoin or Real Money
Recently, a survey was conducted among ordinary US citizens. It turned out that according to the degree of preference, banknotes lose to debit cards by only 6 percent.In the polls that took place in May and June, 1 thousand Americans participated. Of these, 27 percent preferred cash. The most popular debit cards - 33%. The situation with virtual currencies is quite good. They satisfy 15 percent of respondents.
For the time being, there are means of payment in circulation that are irretrievably obsolete. They are to taste only 3 percent of respondents. These include checks.Similar studies have been conducted in Asian countries. And here it was confirmed that paper money is still the leading way of making settlements.
When it comes to benefits one can get through using this product as well as the reliability and convenience of using it while maintaining a fair amount of security, I will choose bitcoin all the way. It has everything I have said above while the only advantage fiat money has is it is stable in value and got backed by gold deposits. However less people will say that crypto is better than fiat because they dont know it. |
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i think altcoins will have really good future. but a lot of people think that it will fall in price, but i don't agree with them  We cannot say in general because there are altcoins which are not good or not performing. I think majority will fail because there is no regulation on the ICO now that is why we are seeing a lot of ICO which some does not really last in the long run. I believe there is a good amount of fortune and success with the altcoin industry as there is with bitcoin industry. If we put into consideration the quality of ICOs that are recently being listed with their projects and visions, you could clearly see that they aren't just day-trade investments anymore, they are becoming more worthwhile to invest on and suitable for hodlers in the industry. |
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There was a kind of 'Black Monday' in the US Stock Exchange. The Dow Jones Index fell 4.60 percent. A daily loss was the strongest drop in Wall Street history with 1,175 points. Panic sales jumped into the world, the Japanese Nike index dropped by 5.5 percent ...
I do not particularly like to give disastrous news, but the crisis is in the doorway ...! The American Stock Exchange has not experienced such a decline for a long time.
Is this situation the signals of the crisis or is this crisis going to be skipped in a short time?
We are all waiting with curiosity ....
I hope this will pass soon, I am optimistic this condition will improve later. patient and always monitor the condition of the market I will do to prevent something worse happen to me. I think it should not have something to worry about because the stock market is as flexible as the cryptocurrency market is. Moreover, the stability of the stock market especially the US Stock Exchange should at least give people a good amount of sense of security and serious approach in the stock market. This thing happened months ago so I believe that US stock market should be in a great situation now as stock market do also bounces back eventually. |
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If Sweden can be able to do this, I believe it is not all other countries as you have put it that can follow suit, because many countries are still fall short of technologically and electronically know how. So, its damn not going to be an easy journey for them at all and even, most of them still believe though ignorantly in Fiat currencies for real other than any Cryptocurrency.
It needs a core rule where the regulations lies and backed up by strong foundation of knowledge on technology, But for now we can't say anything nor predict since we do have different government strategies. Not all country may survive without a fiat currency and may adapt changes towards the technological advancements we have now. I think if fiat currency will be obsolete, certain problems might happen specially on economic bases. |
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Yes whether bitcoin existed or not, people would still steal. So stealing or criminalism would persist. Bitcoin is not the problem but human psychological make up. Scamming has been since the beginning of life even from the bible stories.
Absolutely, the addressed problem will not be pointing on the cryptocurrency or bitcoin itself because crime can be done without the use of digital currency. What the certain point is that we cannot a void crime or illegal actions such as hacking and online terrorism, just so happen that some criminals uses bitcoin or other cryptocurrency to get their primary agenda. However, Although this may seem alarming, I don't think bitcoin is that dangerous. As a matter of fact fiat money is more used than bitcoin in crimes. |
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Good Day guys, just searching for an alternative way to invest my money to,
so the question is, is buying new listed token(token that just ended ICO) to an exchange profitable? do many of you do that? would you recommend doing that? or should I buy on their ICOs?
There's no assurance. It would end up lie a gambling game. No one surely knows how successful will a coin be upon being releasedin the market. That is why reading the whitepaper is helpful. You will know what kind of coin it is, and from that you can make assumptions whether it will be successful or not. So it is a sort of a 50-50 chance whther it will be profitable or not. |
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BTC main value proposition is to be a decentralized currency and/or value store. 1. The BTC community desires it to be widely adopted by the population. But price volatility prevents so. A significant amount of people cannot afford the cost of volatility.
A big argument against inflation is that it raises the cost of business. The same argument can be used to criticize BTC. BTC volatility raises the cost of doing business if BTC is your only capital. If we desire BTC adoption to rise we must take care of BTC price fluctuation. BTC demand is highly unpredictable while supply is predictable, resulting in unpredictable prices. That means volatility can't change unless demand stabilizes.
Common counter-arguments:
3 "BTC is volatile but it always rises in the long-term so it doesn't matter". Is it does, it increases the cost of business. I can't start a bakery with only BTC capital because in the first dip I will have to take loans to pay wages.
3.1 "Oh, but you can't see that happening because you can't see far enough." This sounds like a highly utopian view. Pragmatically, we need a path from here to there, I turn to you and ask, how can we get there?
3.2 "Okay, it doesn't matter for some people and that's all". Okay, then BTC will be a niche store of value, contradicting #1.
4 "Demand will stabilize in the long term." How?
5 "Price stability is a myth, market demands always change them" Sure, it's a myth. Yet it is desirable. If we are designing the system, shouldn't we take that in account? "No, we shouldn't, if you want to do that go and create your own coin." Okay, then BTC will be a niche store of value, contradicting #1.
What incentives do savers have to buy-in on a inflationary money supply? The incentive of stability? That's one reason people agree being exposed to the USD. Am I defending inflation tax? No. I'm asking could there be benefits to having a transparent voluntary contract with varying money supply rate. And I'm leaning towards a yes to this question.
If the supply of a coin could be influenced by price then we would have a more stable coin, the cost we pay is inflation. The issue then becomes an optimization issue, on what would be a proper trade-off.
What are your thoughts?
I do agree. It seems to be a factor for countries who are planning to adapt Bitcoin as a currency. It is still a problem because a currency should have a stable market price in order to be used fairly in the market. But since the market value of Bitcoin changes from time to time, stability on its price is lacking. So let's just wait what tomorrow could bring. |
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Its popularity in the market is what brought Bitcoin to where it is now and is the key to its vast growth,in general. The popularity can be reflected to the demand that it is having in the market and given that its market value is dependent with the demand, the effects are observable. And that I think is the biggest thing which made bitcoin to grow this far in just a short period of time.
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Bitcoin continued its rise as last trading day on April, 13, and broke through $8000. Bitcoin value has been going up continuously recently, which makes the market of cryptocurrency alive again. The data showed that the turnover of Bitcoin achieved 10 billion dollars this week, while the average turnover per week was 5 billion dollars in the past.
Although Bitcoin is recovering, industry sources predict that Bitcoin price will go up continuously. The CEO of CoinShare, Danny Masters claimed that the market of cryptocurrency will recover, because more and more blockchain technique will be commercial, which increases the investors’ confidence.
In a few months, the price of Bitcoin declined by 65% compared with the end of 2017. Many factors lead to underselling, and the time for revenue is one of the reasons. Because the capital gains taxes of taxpayers are more than the predicted number, Bitcoin owners found that they have to sell more property to pay the taxes.
Indeed true and probably that is because of the market volatility the market price of Bitcoin tends to be changing from time to time and it includes up and downs in its market value. Moreover, holding is the best thing todo as welk as to avoid selling in order to not lose profit due panic. Full recovery had a high probability to happen this year so just wait and be patient. |
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I was wondering which one was your favorite out of the two cryptocurrencies? I think Ethereum has proved to be more flexible than Bitcoin even though Bitcoin is making the biggest noise
In my case, i prefer Bitcoin as an investment because for me it is way profitable than other cryptos due to the high increase on its market value. But still,etherium is one of the biggest and most popular cryptocurrency which is also believed to be next to Bitcoin. It is just that etherium is dependent in bitcoin when it comes on its market price. |
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i think Bitcoin is only profitable if done at large scales. you must get expensive mining equipment and of course it consumes a lot of electricity monthly. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.
That's indeed the problem so I really do think that bitcoin investment is a much more efficient way to earn Bitcoin that mining. In mining you will need to have expensive equipments or computer amd in addition with that is the electricity bill and interner bill. It will be surely costy and that is where problem would be generated from. Also read more informations about it if you are really interested into mining. |
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I have 20$ of bitcoin. What should i do with it instead of spending all.Tell me Pls.  You might consider jnvesting more money into it because that amount won't give you that much profit. Make your investment bigger in order to earn bigger profit. From that, holding will be the next thing to do until the market stabilizes.During the market downfalls,selling won't be a good thing to do because it will just cut your profit down and would miss the opportunity to earn bigger profit once the market stabilizes at a high price. |
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I think the only thing why bitcoin goes down its because to all new holder, They panic after the heard or they watched the news about bitcoin. The lately holder sold their bitcoin at low price. What do you think more than this guys?
Example why lately holders sell their bitcoin and its panic.
1. Because the other country banned cryptocurrency.
2. Because the social media start banning the advertisement of crypto.
3. The other famous artist or most riches people spreading that crypto is bad to take a profit.
For you guys this is true? and why?
I do agree. Also,we really can't blame those who are panic selling and rather, we should share the information in order for them to be awared of the things to do during such situations whereas the market value of a crypto is falling. They do panic because they can see how fast and big are their possible loss when the market is falling not knowing that their amount of holdings are still the same. |
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What are you waiting for, bitcoin is at their lowest price so buy bitcoin as much as you can if you really want to get some real or good profit in future, This time bitcoin will make new record and cross 25k$ price by the mid of 2018...
Your Opinions?
I agree. Te rrcovery is now hapoening in bitcoin's market value as well as other cryptos'. Indeed this is the best tkme to buy Bitcoin given that the market value is still low and as its market value rises, profit is being earned. The bigger amount you will invest,the bigger profit will be rewarded.investing at this point is really practical so just be excited. |
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As the title says I am pretty sure most of us who understands "what is the actual use of the bitcoin will know what it says"
Bitcoin :
Mint Symbol : BTC
Value : Avg. 10K USD/BTC
Form : Virtual
Use : Currency
This should have been the actual thing after the Satoshi's dream to release the coin like BTC in the market. The bitcoin was supposed to be used as currency to buy and sell things the same way we do with our dollar.
The first use of BTC was done when the guy bought pizza for 10K BTC. That was the thing which should have been continued today also. No matter what how much you pay for pizza in those early days, it could have been few satoshi's today but it could have worked just fine.
The status of the BTC has now turned to commodity. The commodity which is being traded globally for the own profit and to run the different industries. This is getting ridiculous day by day as replica of it coming out of the forks.
This Should have been the Future:
Bitcoin is ebbing used as currency in 2009-2010. Government see that its popularity is growing day by day and it could be of could use in the financial sectors, lets implement the blockchain in our banks!
Bitcoin earns the legal status
Bitcoin gets widespread across the globe and rest of the country follow the same and thus the nationwide legal status turns into the global legal tender!
People start using the BTC for trading daily life needs with help of bitcoin.
There are no creation of million BTC addresses daily but the only one unique address per head per bank account!
No exchangers are being created but only handy smart phone apps and PC wallets to store the coins linked with bank chain.
Bitcoin smoothly shifts in the market capitalism and keeps going upwards slowly but steadily. The value rises and it gets cheaper to use for daily needs.
Global financial advisor think about minted coins to be formed physically with unique barcodes printed on them.
First appearance of the BTC in the global market!
Yes, that seems to me perfect. This is what bitcoin could have followed but greedy human changed its history by using it for their own benefit as commodity.
We can't force things. Some people are living in countries where cryptocurrencies are not legal yet. So the only thing that they could make use of it is investment to earn profit. Bitcoin might be used as its main function which is as a currency after a couple of years but for now,just be happy to those people who are earning. |
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It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?
It might be because of the demand in the market. Whether it is stocks or cryptos, or anything that is being sell in the market, the rule is that if it is being indemand or having a high demand, it will surely have a high msrket value or it will be expensive. That i think is what simply explains this question behind yhe vast growth of Bitcoin. |
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