Centralized electronic payment processors such as Visa, Mastercard and co raising their fees is the least of the problems, the big problem would be the loss of financial privacy.
Bitcoin would obviously pump massively at the news of relevant countries going cashless. However the rise of demand for block space would raise Bitcoin fees as well, so second layer solutions must be ready by then to profit from the perfect storm.
Privacy is a big yhing. Paying for anything in cash means the transaction is untraceable. Cash is on the way out, in my country it is difficult to pay utilities like, electricity, phone, internet, waste collection, t.v. payment is widely accepted or preferred by card or through the bank. I would imagine card transaction fees would rise but not by 2000%, that is just unsustainable. At the moment with "tap and go" card payments i can buy a bottle of water for €1 and pay with card and walk away within 20 seconds, high fees for these payments wont work. There really is no competition, in Europe its either Visa or Mastercard, not a great start for competition. It seems is also a cultural thing. Some countries are more prone to not using cash. Apparently most transactions are already over phone already in Sweden, while in other countries like Portugal or Italy cash is still used a lot in everyday shopping. But nonetheless I claim the necessity for cash will be evident the very moment it's completely unavailable for the general public, even on those countries which on the surface don't care about having financial privacy. Banning of cash is objectively a super bullish fundamental for Bitcoin. if the ban is carried out simultaneously, of course the bitcoiners will now prosper. but I don't think it's that easy for now. only certain countries may be able to implement it at this time |
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Harmonization is what will enhance the existence of the cryptocurrency, this will only happen when government globally has a stack in the decision making for this to work out, thou crypto is still evolving and this might not happen soon.
For the future, it can happen using fiat and crypto together, where there are no more problems because fiat is a traditional payment while crypto functions digitally. People are welcome to choose which one to make payments. Today even though many people have been combined both, and the results are far better than using just one currency. there is no need to drop each other which one is better between the two, while using both of them simultaneously, provides easy transactions for you right, with the many choices of payment methods, of course, make consumers more free to choose. and I think this will have a good impact on the pace of the economy. Of course to drop fiat at this time is very difficult, even impossible, because it requires approval from all countries, because bitcoin does not only belong to a country we also don't want to drop fiat, because many people live from fiat also. let's now live side by side peacefully. if you want to use bitcoin then use it without vilifying fiat and vice versa, we can use both and thats much better right, however fiat is present before the existence of bitcoin, so for the first time of course it must be able to be side by side, only later will the people who judge it, of course the role of the dominant government here |
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Governments themselves instilled us that not thinking other things than earnings, the money is everything, and now I do not think anything will change about public benefit. Because capitalism is here for it and wants it from us. What do you expect from people who kills seal and rhino for money today?  You mentioned that income is everything and money is the thing you are most looking for. then how do you think about the economic sustainability intended by the OP? do you agree that it must still be done? of course that is not included in logic it can be abandoned. because it is certainly fraudulent, where the tip ends scam. therefore we must be careful to determine the steps. because the business can run continuously is the main thing |
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With this consistent changes and upgrades to our life, i dont think fiat will have a role in this. Its obvious that modern society are highly automated and technological advancements are everywhere. I know there will come a time that even poor people have some devices to transact with. The government will know what to do.
looking at effectiveness, of course tomorrow people will turn to practical ways. but for evolution in that direction I think it still takes a long time, and dependence on fiat is certain. currently the best target is crypto payment facilities |
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Good writeup. Centralized exchanges are cryptocurrency weak point. The whole cryptocurrency could be seriously harmed from them. I won't be surprised if few individuals own majority of the exchanges. Something similar to fractional reserve is most likely going on. Owners could be converting huge amounts of cryptocurrency to fiat and lending them to businesses for profit.
Hopefully in the future it will be possible to prevent cryptocurrency from being sent to centralized exchanges
It is very worrying if bitcoin is sent to a centralized exchange, I think it will eliminate the essence of BTTC. with a centralized system, technological advancements will be the same as conventional systems today |
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Last day bitcoin have raised up about 5% and it will be good way how to invest your money with bitcoin, always take best time to buy and invest on bitcoin right now because you will get much profit with your bitcoin and altcoin investment at the future.
well, I don't store bitcoin much, but I think the increase in the price of bitcoin affects the price increase of the assets that I keep. I just feel that when the price of bitcoin decreases, it is indeed the right time to have large amounts of bitcoin. maybe today the price of bitcoin can reach $ 4000, and hopes to continue to rise this year. right, at least I hope to penetrate the $ 6000 area, because I think that's where resistance is. then the conclusion, at this time prices start to rise and I hope this trend continues to rise |
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to publicize and show the market for crypto-coins, it would be interesting for more businesses to accept forms of crypto-currency payments, thus already showing the functional use of payment for exchange, each one doing his part will be helping many people, remembering that never indicate someone to invest without knowledge and notion of finances!
but unfortunately not many countries have allowed payment using crypto, so it is still limited to providing it. but with prices skyrocketing in 2017 yesterday, many countries looked to crypto |
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Market varies with time upon the demand to the supply availability. Beyond this the markets majority holdings were in the hands of whales. As bitcoin network is speculative, these whales have the ability to manipulate the market with the large volume holdings circulating some FUD around the community.
The right thing because they have more than a few other people to buy or sell the coins they have. So you will do it if you have more things than other people have. whales has a very large source of money compared to retail traders. especially if they work with other whales, it will certainly be very easy for them to make the cryptocurrency market panic by selling all their assets. when retail traders start panicking and selling their stock, whales will buy it at a very cheap price. they played cryptocurrency price easily with their money.they dont care to another people that suffering alot of loss.but this is was decision in our trading to earn as much as possible profit.and we could do anything to realize it. besides knowing it, we must be able to read their minds and follow their journey. that way we can get profit with them. but indeed to do that is not easy. we have to study for that |
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You won't be wrong, but nothing is certain in this world. Just be hope that history will repeat itself. If you buy some bitcoin today and get the price up to 20k. Then you will get the biggest profit of your life.
everything can happen and no one can know for sure the development of the currency if all countries have legalized the crypto currency as the applicable currency certainly can be our source of income in investing looking at bitcoin technology, of course it will be useful for the future. therefore of course by investing at this time we will get many opportunities to get big profits later. but if you don't believe, it's better to leave it immediately |
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we see the bitcoin storm, because it only focuses on 2017, and I don't think this is fair. From the beginning of the creation of Bitcoin until now, the increase in BTC, in my opinion has been fantastic, and certainly will continue to grow
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Gender diversity will always be an issue, whilst some countries have strict religious beliefs to suppress female inclusion.  Bitcoin is not restricted to any gender, but male domination will eventually happen as males fight to gain "Alpha male" status in their communities. The highest paid actors in Hollywood are male and the richest people in the world are men, so why would Bitcoin be any different? This is just human interaction and male and female dynamics at play.  I agree with you. But I think that percent of women attendees on events will be higher in next few years or more. Males are usually more public oriented, but that trend is changing rapidly in last decade. Slowly but gradually things are changing and whom I have started interacting previously generally use to be men only but this days even few only but some of the women have started taking interests in crypto currency as well. It is a good sign and in coming years we will see a huge rise happening in women's present in crypto currency as well. with its development, I think this position will turn around, where women will dominate. because now many women are smart, and they will move their people to participate in crypto |
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I think this isn’t fall ör down. The increase in 2017 was already a precursor of this.
So this level will stay, it is normal for bitcoin price.
Its being long that 2018 had entirely passed and market remained o the downside. Now 2 months of 2019 is going to get over shortly and still btc is at 3500$ levels. We will require some push to happen so that it can take upwards towards 5k levels and more which will get more and more people to join back again this rise. decreased confidence level and a sense of panic that makes bitcoin still bearish today. and indeed in 2019 this is a great hope for all bitcoiners to see Bitcoin rise again, because for a year we have been tested for psychology |
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indeed, many projects have the theme of gambling and betting. but I don't think it's all like that. only a few projects. so we can choose projects that are truly based on business
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I got great knowledge when I was here, because here there are many opportunities to make big profits in a short time, so I feel lucky to be able to know that Bitcoin.
I also like you, this is where I can get a big profit after using Bitcoin, so Bitcoin will bring me and my friends out there to get great profits again this year or in the years to come. Hopefully this year we will be able to be profitable. The market will eventually respond into our hopes that it will again rise. No profit this year so far but in 2018 I was able to make a good profit, I decided to unload my coins in the first quarter of the year and during that time price was still good although it's already slowly going down. I have a lot of coins still in my portfolio right now but I don't loss anything as I won't sell them anytime soon. well, many people hope for this year, especially for those who just bought bitcoin at a low price. of course a big advantage for them if the price of bitcoin rises for this year. there are many advantages that can be achieved from bitcoin when they can use it. right, many people think that now is the right time to buy bitcoin. and hopefully it is true. So for those who have been holding for a long time, can breathe a little relief, in reaching their expectations |
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Announced on Feb 14, 2019, JPM Coin’s headline surprised many crypto enthusiasts –
there is nothing surprising about that. it was obvious from day one that they started attacking bitcoin that they will eventually start something like this. why do you think they were attacking bitcoin in first place? they were simply afraid of losing their position and have been desperately trying to keep up with the world. instead they are ambitious to be followed by the world, by trying to appear in front, so it is expected that many consider them gods in this business, so they can also drive investors' psychology. I think it must stay away from that nature |
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All depends on the rate at which you bought your Bitcoin or coins. If you think that you have made enough profit from your investment in crypto currency at it's current market value.what are you waiting for than to sell and reinvest since you equally believe it's market value will continue to rise.
thinking of investing, or trading is indeed quite difficult. However, several times I thought about investing in several ICO projects that have such good developments, even very quickly entering the market with high prices. however, the current conditions made me think of holding back the assets that I had. this is indeed a difficult choice for now. a lot of ico that once listing in exchange, the price immediately dropped. this is indeed influenced because of the decline in the price of bitcoin. therefore I prefer to invest in the top coins, thus reducing the risk |
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I think we all have different stories about this. but, it all starts with the benefits stellar offers. yeah, airdrop is pretty good, so that made me pushed into the world of bitcoin. I think some people are from trading, or even bounty.
But I was interested in trading Bitcoin then only I came into this field and it making the way more useful and lots of options are available to start your Crypto investment and doing it properly. You are in the right condition, because currently the relatively low price of bitcoin makes investment more effective. of course with a low price makes us more opportunities to get profit |
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After its highest peak in a short time, we experienced a thing more than a correction and it takes so much time. It is very difficult to maintain prices at this level after this rise.
Well we can't do anything about this but to patiently wait for another good price increase again.Although it's hard to tell when will it happen,but let's not lost hope totally.Let's just turn this down market into a profitable one by accumulating more potential coins at their lowest prices.It's still the best thing to do since trading at this moment might not be very rewarding at all. I also feel that, currently, there is not much funds to buy and move the market. but now I can only spread good news and optimism so that we can be together, at least maintain the position of bitcoin |
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Using cryptocurrency for loan its not good ideas, how ever bitcoin and altcoin have speculative price where some time could be on higher but some time could be lower, will be not profitable if you trying make cryptocurrency as lending business.
I think a business certainly has risks, so we must be careful in calculating it. but I think if everything is calculated using crypto does not become a problem to run the business |
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