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Author Topic: Why Bitcoin is the best future currency?  (Read 15000 times)
bob123
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June 18, 2016, 10:42:32 AM
 #221

The best reasons are:
No physical currency involve!

For some this might be an advantage.. for other a disadvantage.

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June 19, 2016, 09:12:16 AM
 #222

this is one of the rarest currency that work without a bank ! Wink
It's actually the best currency Wink



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June 19, 2016, 09:29:01 AM
 #223

this is one of the rarest currency that work without a bank ! Wink
It's actually the best currency Wink


Yes, there is no bank involved in the Bitcoins. Bitcoins is using innovative technology which is suitable for the modern world, its easy to use, simple to understand and quite amazing with its own features. There many limitations while using our traditional fiat currency but bitcoins have made it easier.

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June 19, 2016, 10:02:23 AM
 #224

No banks, low fees, no physical thing to carry around all day, transparent, anonymous

There are so many reasons right now.

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September 26, 2016, 06:18:43 AM
 #225

In the future, more and more online transactions using bitcoin as more and more online merchants can accept bitcoin payments but until whenever, can never replace the original money because the value of bitcoin is also based on the value of real money.

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September 30, 2016, 01:59:14 PM
 #226

I think this will be a gradual process and in the end bitcoin or a digital currency will take over, I think this is due to the normal development of currencies and eventually people would accept a digital currency "and that's not far at all, remember how CC and PayPal/Banks are almost always digital rather than paper".

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September 30, 2016, 02:12:06 PM
 #227

Yes it is so it means no one can take that from you physically and you will not lost it with clumsiness.  The fact that it could di anything and everything a fiat currency can do makes it the best future currency.  Less time to transfer money and without hassle.  Also its price grows unlike ordinary fiat currency.
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September 30, 2016, 02:38:52 PM
 #228

Yes crypto is not involved in physical currency and has its own currency. The best reason I believe that is the bitcoin digital currency bitcoin future because it has a huge potential. Bitcoin prices are better than others and bitcoin crypto very suitable for investment.
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September 30, 2016, 02:56:46 PM
 #229

Yes it is so it means no one can take that from you physically and you will not lost it with clumsiness.  The fact that it could di anything and everything a fiat currency can do makes it the best future currency.  Less time to transfer money and without hassle.  Also its price grows unlike ordinary fiat currency.

Nope. Not everything yet. There are so much to be done to make it like a fiat can do. Pushing merchants to make a retail store in the market or in the mall is hard which accepts bitcoin. So basically people even those who have bitcoin tends to exchange it to fiat first for usage.

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September 30, 2016, 03:00:55 PM
 #230

Yes it is so it means no one can take that from you physically and you will not lost it with clumsiness.  The fact that it could di anything and everything a fiat currency can do makes it the best future currency.  Less time to transfer money and without hassle.  Also its price grows unlike ordinary fiat currency.

Nope. Not everything yet. There are so much to be done to make it like a fiat can do. Pushing merchants to make a retail store in the market or in the mall is hard which accepts bitcoin. So basically people even those who have bitcoin tends to exchange it to fiat first for usage.

As someone who has  spent a lot of time trying to get merchants on board with using bitcoin, I'll tell you now that there are several key issues which affect a merchants choice whether to accept it or not:

1) is it easy to set myself up, or will it take hours?

2) Are the per transaction fees better than I can get from a normal credit card payment processor?

3) Are the withdrawal fees for the converted fiat acceptable?

4) Are the limits for withdrawal to a business bank acceptable given an expected volume of trade?

For the most part payment processors still can't come up with a complete package which satisfies all those requirements and till they do the only merchants who will accept it are those with a personal interest in the subject.

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September 30, 2016, 05:34:31 PM
 #231

In the future, more and more online transactions using bitcoin as more and more online merchants can accept bitcoin payments but until whenever, can never replace the original money because the value of bitcoin is also based on the value of real money.
How is the value of Bitcoin based on the value of real money?
Isn't the value based on the demand of Bitcoin?

And I really think it can replace fiat currency, maybe not in the near future, but in the long term it certainly can.


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October 03, 2016, 04:08:25 AM
 #232

this is one of the rarest currency that work without a bank ! Wink
It's actually the best currency Wink
The best currency and it is very convenient  to use Smiley. No banks, no expenses or fees and earn extra money that they other bank doesn't have like this.
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October 03, 2016, 05:32:13 AM
 #233

If we look at the value of it there wont be any problem transfering a large amount of money wheb time comes. When it grow more to a $1000 per bitcoin you will just need 1000 bitcoin for a million dollars also to transfer to somebody. There wont be much number that will be needed to encode and that will somehow lessen the error of many.
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October 03, 2016, 06:28:31 AM
 #234

In the future, more and more online transactions using bitcoin as more and more online merchants can accept bitcoin payments but until whenever, can never replace the original money because the value of bitcoin is also based on the value of real money.
How is the value of Bitcoin based on the value of real money?
Isn't the value based on the demand of Bitcoin?

And I really think it can replace fiat currency, maybe not in the near future, but in the long term it certainly can.

That is exactly the thing that concernes me a little bit.
The value of bitcoin is based on the fact that people want it. But we have seen that what people want changes over time.
I can imagine that somewhere in the future paper money is gone, but fiat itself is converted into an advanced version of a crypto currency.
Decentralized, known by everybody and partly backed up with gold. I wonder how many people would want to have a bitcoin then.

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October 03, 2016, 07:42:14 AM
 #235

I think they know exactly what to do with the bitcoin you know there are so many users in the world of bitcoin i dont see the bitcoin disappear even not for 10 years i dont know what the future will do to the bitcoin .
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October 03, 2016, 08:11:24 AM
 #236

The best reasons are:
No physical currency involve!
Bitcoin is the most popular one and that is why it is the best future online currency at the moment because most people know it.
Bitcoin can become really big in the future because everything is going to be digital in the future.
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October 03, 2016, 09:04:40 PM
 #237

i think the main reason is that bitcoin is the universal currency and people are using it for multi purposes, for investment, trading and as currency, and you can even use bitcoin in all over the world having single value every where.
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October 04, 2016, 12:48:24 AM
 #238

i think the main reason is that bitcoin is the universal currency and people are using it for multi purposes, for investment, trading and as currency, and you can even use bitcoin in all over the world having single value every where.

You are right with it, because of bitcoins popularity and more investors are starting to like bitcoin. And instead of using other alt coins they are preferring more to use bitcoins rather than with those new alt coins. And besides with the good services that bitcoin is offering like fast confirmation and transactions that is making it the best crypto.

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October 04, 2016, 12:51:40 AM
 #239

i think the main reason is that bitcoin is the universal currency and people are using it for multi purposes, for investment, trading and as currency, and you can even use bitcoin in all over the world having single value every where.

I agree with the single value thing but is it really good as a worldwide currency? We know countries differ in their currency and they also use it as a basis of strength of each other. So they might be conflicts if ever used worldwide.
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November 29, 2016, 04:08:28 AM
 #240

The best reasons are:
No physical currency involve!
i feel because bitcoin huge price increase.. different with local currency that is always inflation


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