Money changed its shape through the history. As from non-monetary exchange to the need of having money. Fast forward to our current banknotes which are in my opinion slowly dying with bitcoin taking over. Many discussions are being held if bitcoin can be the primary currency in the world. Let's assume it can be. Everything has an end so what do you think will come after bitcoin? What will money look like hundreds of years from now? I predict its gonna be digital of course but I'm interested if its going to be a cryptocurrency or something else.
The future will be a whole new financial system framework for sure and further development will be made for people to feel more convinient using services and im sure blockchain technology and cryptocurrency will surely help to that development. Our technology is developing everyday and im sure it will continue to develop as lon as the smart minds behind it keep on working. Technology is evolving, but I think it’s not as fast as it could. A lot of cheating and abuse in all sectors. Even in the cryptocurrency market, there are also many scammers. One must be careful even here. |
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I can't give specification about different between Bitcoin and Facebook's Libra because Facebook Libra still not found in exchange or we can find it what their website, for bitcoin is an investment and digital assets can use for sending or receiving money by using bitcoin as payment. Libra coin still do not have form and what will be of Libra coin after launching to the investor, become just an investment assets or Libra coin become digital e currency payment.
Facebook coin is not a direct competitor to cryptocurrencies, especially Bitcoin. It is a direct competitor to fiat money. I think that on the contrary, Libra will increase the number of participants in the cryptocurrency market in the future. |
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Very likely, but it takes more time! Quantum Computer is too expensive at the moment! Not suitable for trying to find private keys
I am sure that the Bitcoin network will find a way out of this problem in the coming years and will have very reliable protection against quantum computing. Bitcoin will always be ahead and the most innovative and secure. |
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Bitcoin hasn't taken over the physical money yet. It has a lot to go through so we can't assume that cryptocurrency could replace fiat and that there will be another currency to replace it in the future. Lots of countries still don't recognize the cryptocurrency. People still don't have enough knowledge about cryptocurrency. Bitcoin is still in the process of acceptance and still needs lots of adoption.
It won't ever happen either. Cryptocurrency will not be having value if it is not convertible to fiat currency or can be considered equal to a valuable thing. It would be so hard to determine its price if bitcoin will ever replace fiat, what will be our basement for its value, how will it become valuable if we can't determine its value. Fiat is important, it can adapt to become a new type of money where we can use in any type of transaction together with cryptocurrency. And what is the importance of fiat currency in the 21st century. I did not understand the logic of thinking at all. Fiat currency is a thing of the past. The future will definitely be with the cryptocurrency. Now you need to invest in cryptocurrency assets when such prices are so low. |
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Volatility is one of the major reasons why investing in Bitcoin is risky. We can't predict its price and there will come a time where we'll see like were losing our investment. In cryptocurrency or any other investment, every risk is an opportunity to earn better. However, I don't think to loan just to invest in crypto would be a good idea because the market is always unstable. It's better if we'll use our earnings to invest than borrowing or loaning because we can't predict the future price of Bitcoin.
It is necessary to adapt to the volatility in the cryptocurrency market. After all, you can make money on this, buy cryptocurrency assets at a very low rate, and sell quite expensive. Gain experience in the cryptocurrency market and will be well-developed in the future. |
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Well, it is not surprising to see that chart. Bitcoin will always be the most dominant cryptocurrency available. It will take almost a miracle for some coin to overtake bitcoin. It is for the reason that being the first successful coin, people felt that it is bitcoin that is the more reliable coin. Also, companies and the likes had adopted bitcoin more than other coins.
Ripple in 2017 already overtook Bitcoin and there was no special miracle. The total capitalization of Ripple was $ 350 billion, and the value of Ripple was then $ 3.5. I advise you to conduct an economic analysis of trends in the cryptocurrency market. |
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There have already been charities financed in crypto. We can't really talk about the future for Bitcoin or the purpose of use, since it's a currency.... On the other hand, we can expect that adoption by the general public will increase and that more and more of our payments will be made in crypto ! More and more good causes and less and less bad causes !
If you are donating money, then the receiving party no longer cares in which format you sends that money. Ever since Wikileaks started accepting Bitcoin in 2011, we had thousands or even tens of thousands of charities accepting Bitcoin payments. Even Wikipedia (which took an ant-Bitcoin stance earlier) was begging for BTC in 2017. But one of the issues that we face in our country (India) is that only donations made in fiat currency are liable for tax breaks. If you are donating BTC to some charity, then you can't claim tax breaks for the same. So whenever I make some donations, I first convert my cryptocurrency to fiat cash, and make payments using these funds. That's the right decision. If you can make a donation of fiat money, then why use Bitcoin. This is even from a security point of view. I do not use cryptocurrencies as a means of payment. It is better to trade cryptocurrency or keep it for the long term. |
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Yes, although it wasn't bitcoin itself that was adopted but when people mention blockchain technology the first thing that comes to mind is bitcoin. I saw that 2 weeks ago as well and was quite impressed at their plans, and their take towards Libra, it seems to be going in the direction that we all want countries to be taking and Germany being public about this is a great sign for things to come. Another nation to adopt blockchain will have a huge impact to all the crypto users as it will help us to grow bigger and bigger even if we are doing it one step at a time.
Other countries will surely think it over and over before they are going to follow it, if they can gain something from it then there is no reason for them that they will not adopt it.
You're right, they will surely accept it if they can get benefits from it. If it can be beneficial to the both country and people, but there is no still assurance that they are going to support or acquired it. People have different mindset and perspective, maybe its possible but it will be difficult because most of them don't have enough understanding about crypto. It'll be beneficial for their finance and technical industries, blockchain technology can solve a lot of problems and Germany taking advantage of the tech is a good sign. The one problem I do have is that they will probably build systems that themselves will have 100 percent control over, which goes against decentralization, but I wouldn't expect any country to just give away their power. At the same time, it will be possible to say goodbye forever to anonymity in all sectors. It really will be a new very open economy built on the principles of the Blockchain. It is good that Germany supports this strategy. |
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And for us to be able to understand the risk then we should be more patient and focused on reaching our goal why we are here investing in crypto.
being patient and foccused doesnt make you understand the risk . what if you are first timer on this industry ? to understand the risk we must read the instrunctions or the manual of crypto . if you are foccus and patient of hodling , you still wont be able to know if what will happen next . for advanced users , we already know the risk that entails on cryptos so we must not act like we are noobs on this scene . Reading won't be enough if you won't put some dedication on it to understand it, yes it is true that holding will not give you any advantage if you want to make some profits but it is better than doing panic selling, in my opinion. The risk in cryptocurrency will be increase more if you are not prepared on entering this world, you'll be frustrated and brokenhearted because you can't make profits. Only trading cryptocurrency assets will bring you more understanding about the situation and trends in the cryptocurrency market. You must have at least 1 year experience in trading on the cryptocurrency market. |
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actually bitcoin has the same base as other currencies and is used to buy things or to transact, but why is bitcoin so valuable that if we look at it now investors really want to have a little bitcoin to invest maybe because it causes bitcoin to be valuable, because when many people who are interested in buying bitcoin can of course say prices will rise because of the limited supply of bitcoin, in my opinion for that reason making bitcoin is very valuable.
No, the most valuable thing about Bitcoin is its independent inflation rate. All participants in the community know that there will be not so much Bitcoin and it is strictly limited. That is, it will not be able to manage Bitcoin mining. This is the value of Bitcoin. |
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I think bitcoin has been one of the biggest innovations of the human in the past years. Many altcoins have been created after bitcoin. But none of them have been successful as bitcoin is. Why is that?
Why no altcoin can replace bticoin?
Every new thing and every technology is usually replaced by a newer one as the world is always developing.
The first television built was mechanical, then electronic television were invented, then colour televisions, digital, 3D, ....
The first automobiles invented were steam-powered wheeled vehicles, then electric automobiles appeared. Now we have autonomous cars. Now we have Tesla model S. Now we have Lamborghini.
All of us know about the developments made in mobile phones.
Every thing is being developed. Every device is finally replaced by a newer one. Why no altcoin has replaced bitcoin till now? Do you think it will happen in future?
I personally think people will trust what Satoshi has created more than altcoins till many years later.
Altcoins are created to make the developers rich. But bitcoin is different. Bitcoin was created in favor of us. So, no altcoin can be trusted as bitcoin.
What do you think?
Every crypto is different on their own, they have their own features and characteristics. Also, big factor that bitcoin is the pioneer of all cryptocurrencies. Thus, creates much supporter than other. You rightly said that supporters play a key role in the development of the entire cryptocurrency market. I think that the main players will be able to choose the cryptocurrency market leader. And there are chances that Ethereum will replace Bitcoin. |
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A great news to give for those haters, Introducing bitcoin as a global currency is so crazy, we've gone so far now and I think there's no turning back and bitcoin have no more choice but to reach the peak and make haters a believers. The mass adoption will start to begin, Facebook, Microsoft and other big companies will show their all out support to cryptocurrency, hail bitcoin for good.  What haters said about bitcoin are now backfiring to them, after all the years they are trying to bring bitcoin down, now bitcoin's giving them a big slap in their faces. This is the part when haters going to do the opposite of what they are doing before, instead of belittling bitcoin, they will encourage other people also to use it. I can't wait to witness the world that only use cryptocurrency in the future. But essentially, they were talking about cryptocurrency. Half of the cryptocurrency is Altcoins, they are in very poor condition! I think we should understand that Bitcoin has lost a very large part of its liquidity. There are no large volumes of trading in Altcoins through trading pairs with Bitcoin. |
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no warranty at all!!! let's take LTC for example, it had halved recently. I was expecting to some pump before or after the halving! but what I got? dump instead. so why with bitcoin it could be different?! Litecoin is no longer below $ 30. What guarantees do you need, even with such manipulation of Altcoin prices !? So Bitcoin will cost more than 12,000 dollars and this is already a fairly strong position! |
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I think it will happen and probably soon. China is developing very fast and is ready to adopt new technologies
If China want to adopt bitcoin or altcoin as a currency why last three years China banned bitcoin as e currency, before bitcoin raised to higher price, last about $500 price of bitcoin China still legal using bitcoin as e currency and banned on middle 2017 for legal payment, now have an issue if China want to legal back of bitcoin become as currency payment. I am sure that China will not accept Bitcoin as a currency in the next 5 years. China has a special form of economy and government. Bitcoin contradicts all of this. But residents of China will certainly try to buy Bitcoins at any price. |
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It is funny how so many people their to highlight that the anonymity of bitcoin transactions promotes terrorism and criminality when these have been ongoing even before the existence of cryptocurrencies. The government just wants to be in control of these transactions, and the fact that they can not regulate crypto transactions gets them on their feet, otherwise, I do not see why this is a major issue.
There is no anonymity in cryptocurrencies, all this is an illusion for most users in this market. No more than 2% of all transactions have an anonymous structure. Most of these transactions are cryptocurrency theft. |
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borrow money for bitcoin investments? You do something very stupid, at your own risk. In terms of cryptocurrency, in general, I can say with certainty that they will come to a bad end.
I honestly don't see something stupid in it since he can easily pay back the loan but the stupid thing is him not seizing the opportunity of this current dump market before it Bitcoin halving year which will literally lead to max surge in price of Bitcoin market. How about the person that sold his girlfriend car in other to invest in Bitcoin? Here the question is, at what interest rates do you get credit money? The second question is at what price buy Bitcoin. Experience has shown that buying Bitcoin for $ 4,000 brings a good profit. |
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You know this question is unavoidable...
DID I MAKE A MISTAKE INVESTING IN BITCOIN?
A lot of people have heard of the benefits achievable with BTC investments and decided to invest.
The recent market setbacks have brewed a very big question in the minds of new investors...
What will be your response to this question?
no you're not wrong investing in bitcoin. it's just that you invested in the wrong time when bitcoin bullrish. so it is not according to your expectations. but be patient I'm sure bitcoin will be a bull run again we just need to wait. and I remind you that bitcoin is not a get rich quick scheme. we also have to work by understanding about bitcoin and cryptocurrency and also the state of the crypto market. and be patient waiting for the market to get green again. investing bitcoin is the right choice. I also think that Bitcoin is the most reliable asset of our time. We have to buy digital gold while we can do it. Even recent years have shown us that Bitcoin was the best investment in the cryptocurrency market. |
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I think it's normal. People's mindset about bitcoin is that it's a more stable form of investment and is sure to stay on the market, much more reliable than those altcoins. Also, the market for altcoins is too condensed, too many altcoins are now available on the market, and the demand is distributed to these altcoins. Still though, altcoins play an important role in the market since they open the gateway to trades from alts to bitcoin. Some altcoins may not survive, but most of them will be just fine.
You need to be careful with Altcoins. You always need to analyze the capitalization and price of a coin, its liquidity and trading volumes. Do not rush to invest in Altcoins. First conduct a deep analysis of coin performance. |
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Whether we panic or feel relaxed about the price of Bitcoin, our emotions has nothing to do with its votality. Bitcoin will always change its value since its price is unstable. If we're not able to handle our emotions, we might make wrong decisions in trading. Holding is challenging because there will always be chances where we will doubt about crypto but we have to have faith and trust in the capability of Bitcoin.
Personally, emotions and excitements push me to more active work and analysis of situations on the cryptocurrency market. This is the cryptocurrency market where everything is not stable enough and there is no state regulation. |
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You know this question is unavoidable...
DID I MAKE A MISTAKE INVESTING IN BITCOIN?
A lot of people have heard of the benefits achievable with BTC investments and decided to invest.
The recent market setbacks have brewed a very big question in the minds of new investors...
What will be your response to this question?
If you followed advice of youtube videos then yes. No doubt about it lol. Following other's people decision for you might be a regrettable one in the end, you always have to decide for yourself so you could that contentment and satisfaction, we always have to do what we want, invest how much we want in our own way so that we could avoid thinking if we made a mistake because of being naive following other's choice for yourself. It is our money therefore it is our choice what to do about it. I just recommend investing in Bitcoin or Altcoins in certain pieces of money. No need to rush, but no need to strongly evaluate the real price of cryptocurrency assets. When you see that the price has fallen by 15-20% - this is a good opportunity to buy. |
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