Yes bitcoin can improve economy if it regulated by particular country.Than bitcoin can be used for trading purpose and people can use bitcoin as they are using fiat currency. people will want to earn more bitcoin if they legalize in country and then Per capital income will rise.
Not totally bitcoin can do a lot for our economy, even it become legalized. Because we don't pay anything to our government for this, only the exchanges have imposed fees for all bitcoin holders and investors. That's why some countries didn't support bitcoin because they can't benefit from this, unless they start collecting tax. And with this, we can help our country to improve our economy. |
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This is been the case for a long, long time. It surpassed gold prices back in 2014, I believe. And gold is not even $2,000/ounce right now. hahaha!
When it comes to gaining profit, most of us will be preferable for bitcoin. Gold is considered as very valuable thing before, but when bitcoin exsist- I can say its the end of gold era. Is just a choice of everyone that make bitcoin become valuable today. Because of it's volatility character makes people to choice bitcoin as they're big chances of earning high compared to gold. |
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Do you think bitcoin gold value will rise to bitcoin value
I don't think so, because as bitcoin gold finally launch in few days ago it doesn't give a huge impact to bitcoin price. In fact, bitcoin price have reaches into $6k dollar. No wonder that the response of the community towards bitcoin gold is not the same to bitcoin because the people already know about bitcoin and their trust are just for bitcoin alone. |
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Bitcoin is a digital currency that is fast, secure, decentralized, and which also has very cheap transaction fees. Bitcoin has no border from one country to another that is why it is accepted all over the world. Based on all these aspects, do you think bitcoin has a role to play in the future? Share with us what you think? thanks  Based on what I am seeing now, I can clearly say that bitcoin will play a very big role in the future. Not omly because it is owning right now but because the age we are currently living now is digital which means it will absolutely bring great convinience if bitcoin will be declared as the future currency in the future. As it plays a role in our life today, it will play also a big role in the future. No wonder that bitcoin is widely spread globally just because of having its great participation in the community. And people around are embracing this for the benefits of individuals life and in the preparation of the coming years. |
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I think the best way is to wait some time till the next hard fork passes. But how much time to wait - nobody knows.
I think is just losing an opportunity I you just wait for a time that bitcoin price will fall. Even though there is possibilities to happen but not just like before. Bitcoin is continouosly increasing its price in the market, and it surely it won't be having a huge dump anymore as I believe on it. |
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Actually no matter how I like the idea of Bitcoin, I would not want to have it to be the only currency. Because there are different factors that affects each country's economy and this their currency. If Bitcoin will be used alone, then it will be more volatile.
Of having a single currency used, we can't assured that everyone would be comfortable for this. This could make trouble to the community as they had already satisfied before. Even though this just a speculation, but still we can't ignored this and possibilities to happen as it will continue grow and consistently on top. |
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It is a long wait for that, but have possibilities to happen. Maybe that time, 80% are using crypto currencies and more establishment are accepting this as payment. Everything that happen in the future are totally because we made it and of course the fully support of the community towards bitcoin and the crypto world.
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I'll just save my bitcoins not just for my kids only but for the preparation of emergencies that might happen anytime. Being prepared in the future and savings is my first priorities because we know that, not all the time that we are in good health and have a financially stable. At least if that happen, then there is something that we can depend on.
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Is Bitcoin that much of a threat? Anyway each country has different perspectives it's clear that russia and china are against bitcoin but countries like Switzerland have supported Bitcoin
Bitcoin is not a threat to everyone, instead it could give us a new start in living with digital currencies aside from existing fiat money. Russia and China are very supportive to crypto at first and having large numbers of miners and investors are from them. We can't really point out of what is the big reason of leaving crypto in their country but all of this, it doesn't give a huge impact of bitcoin life in the market . |
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So I have 2 cousins. One of them doesn't save and is a huge spender while the other is a saver and spends only once a year. So would bitcoin be a good way to teach them about saving? Since, mining bitcoin is the only way to make alot of bitcoin, I would use a alt wallet to show them what happens if you spend and don't save. What do you think?
Actually for their young mines, probably it won't work for them. We can't force them to be that way because they just enjoying their time as a kid. It is their time to be in school and learn more and they can learn savings later time. |
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Honestly I believe bitcoin is better since one you don't use your credit card so you don't loose you needed cash but instead your cash that you could easily earn back from mining. Plus, it's open to all ages unlike credit cards.
Bitcoin could be better in some aspects, as it would be used by most in having transactions online compared to fiat currency right now. But in locally made transactions, regular currency is being used as bitcoin or any digital currencies aren't accepted in many establishment. At this moment, they are both better and they are doing great as they are very useful in different areas of concentration. |
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Examining this issue critically, I doubt if it is possible for the government to kill bitcoin..
Bitcoin has helped to improve the economy of some countries, why then would the government ban something that has been of benefit to it.
Besides, bitcoin has grown too popular among the people for it to be killed by the government.
That's right. It would be a lousy decision be made by the government ever. But I believe that not all countries are just like China, greedy individuals are not good in the country inside as it contribute nothing improvement in the our economy. |
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I think it's perfectly natural if bitcoin is taxed
I guess so because the government will be depending to bitcoin by that time and it's going to be a very good help to the country, to other bitcoin users that are happy with this and it will be disappointing to the bitcoin users that really don't stand with this type of idea. Actually, there is nothing to worry if having taxes imposed for those who are holding bitcoin unless it is not being abuse by the authorities. Paying taxes is just a big contribution to our economy, at least we can contribute even in a little amount. All generated taxes are for their projects that the community can benefit on this. |
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I think other POS coins are also possible. Because the core of the virtual currency ecosystem is to be centralized, the POW mechanism is getting more and more concentrated. Resources are in big mines and early investors
We can't deny that bitcoin is very powerful and very competitive in the blockchain. And there is no possibilities that other altcoins will compete this because bitcoin have rooted already in the heart of many investors and users. |
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One of the best strategies practice by scammers are of having an attractive offering. Of course, we all want money and anyone would be attract of that certain offered but we really don't know we fall already into the hands of scammers. Enough knowledge will make this things impossible, think it first before you go through it..
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how will people adapt change from FIAT CURRENCY to DIGITAL CURRENCY like BITCOIN?  It could be more on adjustment at first but later on, is just an ordinary transaction may happen. Using digital currency is just simple and easy for us to make, the only thing that we need is a strong or stable internet connections to run this technology. If is not present, then their is nothing to happen. |
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Same reason why most of the countries allow to use only their national currency inside the country. Each country is interested to protect the local currency.
Other reasons is that, they are afraid that they can't generate income and taxes from bitcoin holders. And also of having problem with resources just like internet connections to run this technology smoothly. |
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Some of them are waiting to increase rhe value of the bitcoin before selling or converting it.
It would be like that, because it is a big money if that happen. For future purposes are most common reason of holding bitcoins for a long time. Because we believe that bitcoin would still exsist forever(hope so) and it would positively give us a bright future. And it can be shared to all members of the family. |
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