Having a country scare its own public of "ban" of Bitcoin will be detrimental as her population will fall behind on the wealth curve of the world and become more poor than others.
With that said, Bitcoin has already been banned all over the world by all big banks in nearly all countries since 2013 (for over 4-years) and the banks have completely failed at stopping Bitcoin's growth. At a bank, just try to do a bank transaction say its for "Bitcoin" and watch your transaction be blocked for review.
BUT Everyone in all countries are still finding a way to get Bitcoins. They simply never say "Bitcoin" when dealing with banks. People are smart.
Notice how Bitcoin has for years successfully defeated all opposition?
A ban would only be detrimental to the country's law abiding citizens. The criminals and tax waders would continue to use Bitcoins. As long as Bitcoin is fungible and accepted by people across the globe, they would be happy to do business in bitcoins. And they profit from an appreciating currency as well. There's no way for a country to enforce any actual ban once an individual obtains bitcoin. All they can do is block exchanges from operating and certain businesses. Yes its true. Bitcoin is commodity. And anyone can hold it, generate it with proper knowledge. Also person is doing it with own risk involvement of asset and equity. Same like as agriculture. As I know that in India there is some tax reduction for agriculture. So if we consider blockchain as invention of last 10 centuries, just like as agriculture, why should person pay tax for it. And why should government ban it. As it have certain value in global market. Government must have to consider for blockchain technology implementation, Bitcoin will automatically get valued more preciously. |
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time after time the popularity of bitcoin getting high and with the fixed supply also high demands even bitcoin price could increase unlimitedly , just the matter of time when people agree to fully adopt bitcoin and use it in daily basis , for now it's something that hard to happened. we are struggling to assure people that bitcoin are totally safe as long as you want to learn more about bitcoin with its risk. I wouldn't hear people talking about bitcoin publicly. Now, lots of people are talking it publicly and they say they wanted to integrate into bitcoin system. They exposure the will to bitcoin, in other words. Day by day, the interest of people in this digital currency is increasing because they are now coming across many instances of bitcoiners who are now either millionaires or living a better life just with this currency. The interest of business class is increasing because these people are always looking for methods of making money through easy investments and bitcoin is the best option for them at the moment. Yes. Till world, in every corner was not that much aware as currently taking interest by increasing demands of bitcoins by offering higher value for exchange. There are many reasons behind this. - First one is innovative and revolutionary technology implementation.
- Second one proper advertising and implementation in app and other platforms that can offer users easy and friendly UI & UX.
- Third one public awareness.
- Technology incorporation
And people who had a vision take interest in it in return got good ROI. World is now getting aware about blockchain technology which is invented after agriculture in last 10 centuries. |
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Bitcoin have give great way of investment, rather it may by investing money for buying BTC or generating BTC by mining. Bitcoin have defined its parameters, which are unique. And this unique points make bitcoin different.
Buying Btc is always seems tough for users, because of price fluctuation. But it was great tool for investment. Now a days buying BTC is quite hard. Even Mining is also to hard. Day by day difficulty level, block size, block height are increasing comparing to contributed hash power for generation of Bitcoin. So make own and R & D and use own intelligence to make final decision as price and time varies conditions.
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Yes, Bitcoin will survive longer. Segwit and hardforks are made to make bitcoin more stronger.In upcoming years there will be more hartdforks and segwits will occur. It will increase value of Bitcoin.
Bitcoin is really a great source of platform, used by anyone to make transactions without any third party interruption. Bitcoin have also proved its existence. So Bitcoin and blockchain technology are the future of tomorrow's world.
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First biggest disadvantage is Bitcoins cannot be regulated with current stream. Second disadvantage is, its taking higher fees to place transaction within network. Third thing price of Bitcoins is going higher as normal person cannot afford to buy Bitcoins.
Bitcoin is anonymous, decentralized, digital, open source, virtual, cryptocurrency, which is based on SHA256 algorithm.
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Buying Bitcoins, it means making an investment. And as per forum reviews and media updates, Bitcoin is great tool for investment. So Buying Bitcoins at any time is a start of your investment.
Due to commodity aspect Bitcoin have very fluctuable value in market against fiat. And which is increasing rapidly.
Main thing is how much you believe in Bitcoins !
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I had never think before for this possibility. Really horrible.
But its the truth of life as person born some day he have to go. Anyways, I will think for it, seriously. As I have to aware someone about my personal asset. But still its so much unimaginary. As if anyone give details before death, what are chances that person can get that exactelly. Because the person who die cannot check.
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I spread my knowledge in bitcoin by answering concern of the other users, sometimes I give the latest update regarding bitcoin and other altcoins.I will educate them and help them learn about bitcoin. I will my social media accounts like facebook, instagram and twitter like posting, sharing, and tweet.
Its a great way to deal with new user to bitcoin. But bitcoin is really complicated subject to explain to anyone, and at single meet or single conversation we cannot answer all questions, even user also cannot able to get all things in his mind. Keeping our-self updated is very important, as this technology is moving fast. My personal vision for bitcoin knowledge sharing is a place where user can get information about Bitcoin whenever needed. And for that I personally create few web blogs concerning Bitcoins and Altcoins. Whatever I understand about Bitcoins I have placed on my web blog with all basic information. |
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Not actually as I am a strong believer in Blockchain technology and Future of Bitcoin. Bitcoin have certain parameter that makes itself standalone among cryptomarket. Right now Bitcoin have create a history, as price of Bitcoins against fiat goes to beyond imagination. But it will go more higher as more user are getting interested in Bitcoin and other altcoins.
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Bitcoin already have passed long journey since from 2009. In this journey Bitcoin make historical milestone in growth in price. Currently Bitcoins is at $10K in coming 5 years price of Bitcoin will boom. It will cross $100K easily till 2020, as per consideration of current demand, circulating Bitcoins and ratio of production.
In coming 5 years there will be major adoptions in businesses and systems worldwide by implementing blockchain technology.
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We must have to think for Bitcoin right now. Still Bitcoin is not regulated. It will take certain time, but Altcoins are basically an alternative coins used instead of Bitcoins as there value can be decided in BTC. Now a days many altcoins are there. Few them are really promising but many of them have no future.
Bitcoin is creating history. And when bitcoin will reach to $100K there will be certain need of altcoins for micro or small transactions as fee for smaller transactions with bitcoins will be not affordable. Value of altcoins will also be on some height at that time.
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Definitely.
But in upcoming 100 years there will be major updates with hardforks and fork. Halving also impact more on generation of bitcoins. Considering all future issues hardforks are already declared, not only for Bitcoins but also for other altcoins.
So after 100 years, some different characteristics will be noticeable about Bitcoin, with huge exchange value.
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Bitcoins are just units/token/share which can be evaluated in fiat currency. It means its clearly represent a platform to make hassle free transactions within network with internet connectivity without interpretation of any third party. This transactions are very smooth to operate, instant and takes lower transaction fees comparing to fiat.
Bitcoin have bright future as this is a decentralized virtual currency which can be transacted and stored electronically only. Bitcoin is a commodity not a currency. And that's why Bitcoin is the future of money according to me.
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In my opinion each and every platform have specific differentiation. Still I have test few one like as Ethereum, NEM and Stellar. Ethereum is not bad but everyone is going with Ethereum according to there business needs, but still few other platforms are also good. Waves is also promising platform. But I prefer stellar platform. As I seen just few ICO's were conducted with Stellar.
Rather I would prefer choose related platform according to business needs. Blockchain have bring real revolution in various industries and businesses.
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There are very few chances of getting Bitcoin back to ordinary price. As already many new investors start to invest in altcoins too.
Second important thing is Bitcoin have limited supply and according process of production is bit slow in this and onward halving, So if consider demand of Bitcoin globally, there are very rare chances of getting bitcoin fail.
Bitcoin is really a long term investment, after decades value of Bitcoins will be skyrocket.
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What would you do when you're talking to someone but then he suddenly talks about his hatred on Bitcoin, what would you react to it?
I've never actually experienced anything like this before, I just want to be prepared when it happened to me.
I think the best thing to do with them is to leave them alone. The thing is most people are stubborn to give time to know bitcoin. Some are even so reluctant that they immediately judge how bitcoin and it’s whole system works. We just have to let themsevels realize what they are missing. I completely agree. Leave them alone. Because, there are three factors that affect on our own personality while considering anything Trust, Faith and Belief. I personally think that if a person don't even have mentality to understand reality, then why waste your time. Leave them alone at there conditions. |
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Personally I say yes as our society becomes increasingly dependent upon technology, digital currency will become a more popular means of paying for different things and it is more effective and instant. I haven't used much physical money in the past 8 years and I rarely had any problems with that. What do you guys think?  I agree with you as our society becomes increasingly dependent upon technology, digital currency will become a more popular means of paying for different things absolutely. But it will with certain class with very fewer percentage. This number is increasing rapidly day by day. But still its totally virtual. And at physical mode there is need of fiat currency locally, globally. Fiat currency is real need of end users, governments and system which is already running with. But Digital currency is becoming more famous, considering platform of investment as well as mode of exchange. It doesn't mean like as paper money will be replaced by digital currency, but digital currency have ability if implemented properly. |
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I am belonging to country which is still in test phase, so near by me, there is nothing to accept BTC as payment for offering services. Better I am doing exchange of my BTC with local exchanger for fiat currency to fulfill my day to day expensives.
I am also using Bitcoin as a payment method to accept payment for my services. As I am freelance artist, blogger, digital marketer and webmaster.
Bitcoin can be easily exchange against fiat this is the most lovable special characteristic of Bitcoin I like and I use commonly.
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As per my acknowledgement hacker never know how much BTC particular wallet have within it. They always try to phishing user to get trapped. And once trapped can get whatever amount it have in it. Now its another part if hacker got big amount. But everyone who use web or any online wallet must have to take security measures against own wallet and keep them safe and secure.
If user holding big amount of BTC then
1) Don't put all eggs in basket
2) Keep wallet backup private, safe and secure
3) Never share own credentials to anyone or even online
4) Use desktop wallet with paraphrase
5) Keep your computer clean with reputed updated antivirus
6) Use Hardware wallet
These preventive measures can help to keep your Bitcoins more safe.
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Yes. Bitcoin is made up with that much precaution as no one can even interpret it. Bitcoin is node connected peer to peer network, where every user connected to node to verify transaction by contributing computing power. Bitcoin is anonymous, digital, decentralized, safe, secure, transparent, open source currency based on its own protocol. which is no one can break.
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