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The end goal is to enable people to transact among themselves without these transactions being controlled by governments and mega corps. To enable monetary freedom. And even, someday, to become the basis for the Unified World Currency.
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Yes no doubt the future. Amazing concept and blockchain frame work.
Hell yes it the future
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Bitcoin transactions are publicly logged in the "block chain" - a central feature of the Bitcoin security system. Furthermore, a Bitcoin address can be traced back to an IP address.
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As of now Bitcoin is moving upward and the faith in it needs to be restored first. After a big crash most of the population have had lost faith in BTC and resulting countries had banned it. We need to give more time to judge.
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No, Bitcoin is not dead. Bitcoin isn’t going to die for a long time, if ever. Governments can’t control it and it has a ton of support. Some governments are even starting to embrace blockchain technology. There are ups and downs in Cryptocurrency and it’s all just a part of the game. Don’t over analyze it. Governments can try to control Bitcoin and other Cryptocurrencies but they simply can’t, Cryptocurrencies were built to prevent control from a third party. Bitcoin and the entire Cryptocurrency market is on an upward trend and the coins are more alive than ever. If anything, we are going to see the market increase ten fold over the next few years.
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One of the most popular cryptocurrencies is "The Bitcoins". Bitcoin is a digital currency which exists entirely on the digital highway. The major point which creates a robust separation between usual currencies such as Indian Rupee, American Dollar etc... and cryptocurrency such as Bitcoin is that, these Bitcoins involve neither a government nor any financial institution in it's flow. These currencies are completely digital and can be used over internet.
Safety in using Bitcoins can never be guaranteed as their values keep on fluctuating but buying them purposefully and then using them for your definite tasks can be helpful. They still can’t be compared to fiat money.
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Bitcoin was designed to be uncensorable digital cash that could operate outside the existing financial system. Different actors across the ecosystem have their own goals and objectives, but in-and-of-itself there is no overarching ‘goal and objective of the Bitcoin economy’. It is quite anarchic in that regard. Perhaps reassuringly.
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If they say, a cat has nine lives, I think many would believe that Bitcoin has more lives than that. They had a downfall a few days back, and as we all know, it Bounced back well.
Bitcoin has been rocketing higher lately, as it gains widespread official approval and more people figure out how to use it.
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Bitcoin will never die
The impression it left on people, embarking the hope for a change, a better world that spark would never die
Whenever you hear about how amazing blockchain is and how changed our world, you’d think of how you heard about it first and great chances are you’d be thinking bitcoin
The people who trusted bitcoin, the loyal hodlers who found their fortunes from bitcoin and the millions inspired from their tales will never forget bitcoin
The idea is never going to die.
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It will (and is) failing because it’s too volatile.
For it to succeed as a “currency” it would have to be stable, so people could advertise goods and services in terms of a stationary bitcoin rate.
While the price is fluctuating in large swings, it’s impossible for bitcoin to be considered a viable currency.
A bet or a high-risk investment perhaps.
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It cannot be regulated. That's the whole point of Bitcoin, to be free from government regulation and manipulation. The value of Bitcoin has surged this high based on this one selling point alone.
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Bitcoin is very volatile. So, you better buy some other coin. But, If you want to buy Bitcoin, you have to buy at day lows and sell when price is up. Now, this strategy is difficult for Bitcoin is up and down fast, in the same day. You can also buy for a long period. It would be dangerous.
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