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Author Topic: Is Bitcoin Really The Future Of Money?  (Read 68737 times)
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January 05, 2017, 04:05:23 PM
 #481

We know many have been using it now so it says it all. But still that is not enough to say that it is the future. Many just come and go and bitcoin have been proving good when it comes to being money itself.
Yeah , Because few countries have banned the bitcoin for their own reason . So it may be happened that any new countries will came in the list of banned bitcoin .
I think if it became a widely use currency then there will be some change made by the bitcoin  like verification of bitcoin address by e-KYC verification .
But the current fluctuation of bitcoin directly telling us what the current power of bitcoin is in the world .
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January 05, 2017, 04:12:53 PM
 #482

We know many have been using it now so it says it all. But still that is not enough to say that it is the future. Many just come and go and bitcoin have been proving good when it comes to being money itself.

Because Bitcoin, being a pioneer in crypto technology has some unique feature which is not available in fiat system and hence the popularity is increasing day by day. I have no doubt that in next ten years we would have a growth rate of 100% or more regarding worldwide users and people would prefer bitcoin over PayPal or Visa.
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January 05, 2017, 04:18:45 PM
 #483

We know many have been using it now so it says it all. But still that is not enough to say that it is the future. Many just come and go and bitcoin have been proving good when it comes to being money itself.

Because Bitcoin, being a pioneer in crypto technology has some unique feature which is not available in fiat system and hence the popularity is increasing day by day. I have no doubt that in next ten years we would have a growth rate of 100% or more regarding worldwide users and people would prefer bitcoin over PayPal or Visa.
I think Bitcoin will reach that level of success, but it may take longer than people think. With regard to the growth rate, I think that this year we may already see a significant increase, given that high profile investors are entering the scene.
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January 05, 2017, 05:05:18 PM
 #484

We know many have been using it now so it says it all. But still that is not enough to say that it is the future. Many just come and go and bitcoin have been proving good when it comes to being money itself.

Because Bitcoin, being a pioneer in crypto technology has some unique feature which is not available in fiat system and hence the popularity is increasing day by day. I have no doubt that in next ten years we would have a growth rate of 100% or more regarding worldwide users and people would prefer bitcoin over PayPal or Visa.
I think Bitcoin will reach that level of success, but it may take longer than people think. With regard to the growth rate, I think that this year we may already see a significant increase, given that high profile investors are entering the scene.

Yes I also think that it will take longer than expected cause realistically speaking, It is quite a dream to think that a whole decade will be full of imroving stuffs or positive ones . Of course negative stuffs or what we called problems will show up that will hinders its growing period or will make it longer . We should be ready for this cause bitcoin is dependent to its users .

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January 05, 2017, 07:01:15 PM
 #485

We know many have been using it now so it says it all. But still that is not enough to say that it is the future. Many just come and go and bitcoin have been proving good when it comes to being money itself.

Because Bitcoin, being a pioneer in crypto technology has some unique feature which is not available in fiat system and hence the popularity is increasing day by day. I have no doubt that in next ten years we would have a growth rate of 100% or more regarding worldwide users and people would prefer bitcoin over PayPal or Visa.
I think Bitcoin will reach that level of success, but it may take longer than people think. With regard to the growth rate, I think that this year we may already see a significant increase, given that high profile investors are entering the scene.

Yes I also think that it will take longer than expected cause realistically speaking, It is quite a dream to think that a whole decade will be full of imroving stuffs or positive ones . Of course negative stuffs or what we called problems will show up that will hinders its growing period or will make it longer . We should be ready for this cause bitcoin is dependent to its users .

That is right. The price of bitcoin is too volatile. It cannot be a good currency.
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January 05, 2017, 07:04:02 PM
 #486

We know many have been using it now so it says it all. But still that is not enough to say that it is the future. Many just come and go and bitcoin have been proving good when it comes to being money itself.

Because Bitcoin, being a pioneer in crypto technology has some unique feature which is not available in fiat system and hence the popularity is increasing day by day. I have no doubt that in next ten years we would have a growth rate of 100% or more regarding worldwide users and people would prefer bitcoin over PayPal or Visa.
I think Bitcoin will reach that level of success, but it may take longer than people think. With regard to the growth rate, I think that this year we may already see a significant increase, given that high profile investors are entering the scene.

Yes I also think that it will take longer than expected cause realistically speaking, It is quite a dream to think that a whole decade will be full of imroving stuffs or positive ones . Of course negative stuffs or what we called problems will show up that will hinders its growing period or will make it longer . We should be ready for this cause bitcoin is dependent to its users .

That is right. The price of bitcoin is too volatile. It cannot be a good currency.

Volatile based on trading with fiat. If there were no fiat, bitcoin wouldn't be volatile. Maybe one day  Grin
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January 05, 2017, 07:24:56 PM
 #487

Bitcoin is the real future of money that already coming true. Crypto currencies are the next step in evolution of money. Same like e-books came instead of paper books and e-mail instead of paper post. new techologies came, but there are lot of people who use paper things still.
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January 05, 2017, 08:05:21 PM
 #488

Bitcoin is the real future of money that already coming true. Crypto currencies are the next step in evolution of money. Same like e-books came instead of paper books and e-mail instead of paper post. new techologies came, but there are lot of people who use paper things still.
yes that is a fact and i am agree with you. actually bitcoin is still not adopted by all the people of the world and that is the reason that still majority of the people are using fiat, but hope that future more and more people will adop bitcoin as currency and will start using it.

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January 05, 2017, 10:19:53 PM
 #489

Bitcoin is the real future of money that already coming true. Crypto currencies are the next step in evolution of money. Same like e-books came instead of paper books and e-mail instead of paper post. new techologies came, but there are lot of people who use paper things still.
yes that is a fact and i am agree with you. actually bitcoin is still not adopted by all the people of the world and that is the reason that still majority of the people are using fiat, but hope that future more and more people will adop bitcoin as currency and will start using it.
although bitcoin is a universal currency and the users of bitcoin are present everywhere in the world, but still most of the people are not using it, even they do not hear about bitcoin, i think it is our duty to introduce bitcoin to them.

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January 05, 2017, 10:26:05 PM
 #490

Bitcoin is the real future of money that already coming true. Crypto currencies are the next step in evolution of money. Same like e-books came instead of paper books and e-mail instead of paper post. new techologies came, but there are lot of people who use paper things still.
yes that is a fact and i am agree with you. actually bitcoin is still not adopted by all the people of the world and that is the reason that still majority of the people are using fiat, but hope that future more and more people will adop bitcoin as currency and will start using it.
although bitcoin is a universal currency and the users of bitcoin are present everywhere in the world, but still most of the people are not using it, even they do not hear about bitcoin, i think it is our duty to introduce bitcoin to them.
yes it is really our duty to introduce bitcoin to them as we know about it and we can easily teach them about the adoption and usage of bitcoin. It will not only benefit them but it will benefit us too because the price of bitcoin will increase if more people will learn about bout bitcoin and will adopt it.
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January 05, 2017, 11:08:58 PM
 #491

Blockchain was introduced a new way to do payment transaction. A new way to make us easy to make and keep money. And bitcoin is a product of blockchain that can make future going easy.
Yeah bitcoin is a future, but I think there will be an upgrade for crypto currencies in the future.

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January 05, 2017, 11:13:08 PM
 #492

Blockchain was introduced a new way to do payment transaction. A new way to make us easy to make and keep money. And bitcoin is a product of blockchain that can make future going easy.
Yeah bitcoin is a future, but I think there will be an upgrade for crypto currencies in the future.

I think there is no upgrades that will even happen to crypto's maybe the people will look for something new about crypto's but bitcoin will still remain for whatever it is now. Blockchain system of bitcoin is very amazing on how it really works. I'm pretty sure that bitcoin does what has it takes to be one of the future money.

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January 06, 2017, 12:29:29 AM
 #493

Nowadays, in bitcoin community I observed that not all bitcoin enthusiast here believe that bitcoin is the future of money, there are some bitcoin fanatic because they got profit into it. or they're just go with the flow only where the trend is.
Yes I agree, I fear that there was a large community that very fanatic and dominates the bitcoin so could manipulate the prices.

To become a future money surely it takes cooperation and a global deal, and the most important is bitcoin must be known to many people. Based on existing data, the bitcoin user is not more than 1% of the total world population, surely it became hard work together so that users of the bitcoin on the rise.
If we had a 1% of the human population using bitcoin the price will probably multiply by ten, since the 1% of the human population is about 70 million while the user base of bitcoin is around 1 to 1.5 million users.
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January 06, 2017, 03:25:08 AM
 #494

Nowadays, in bitcoin community I observed that not all bitcoin enthusiast here believe that bitcoin is the future of money, there are some bitcoin fanatic because they got profit into it. or they're just go with the flow only where the trend is.
Yes I agree, I fear that there was a large community that very fanatic and dominates the bitcoin so could manipulate the prices.

To become a future money surely it takes cooperation and a global deal, and the most important is bitcoin must be known to many people. Based on existing data, the bitcoin user is not more than 1% of the total world population, surely it became hard work together so that users of the bitcoin on the rise.
If we had a 1% of the human population using bitcoin the price will probably multiply by ten, since the 1% of the human population is about 70 million while the user base of bitcoin is around 1 to 1.5 million users.
It's a process, and what I see we are growing now. It does not matter how small we are now but what matters is the progress of bitcoin. I can tell the progress is fast as evidence by the price increase.

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Botnake
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January 06, 2017, 04:45:14 AM
 #495

Nowadays, in bitcoin community I observed that not all bitcoin enthusiast here believe that bitcoin is the future of money, there are some bitcoin fanatic because they got profit into it. or they're just go with the flow only where the trend is.
Yes I agree, I fear that there was a large community that very fanatic and dominates the bitcoin so could manipulate the prices.

To become a future money surely it takes cooperation and a global deal, and the most important is bitcoin must be known to many people. Based on existing data, the bitcoin user is not more than 1% of the total world population, surely it became hard work together so that users of the bitcoin on the rise.
If we had a 1% of the human population using bitcoin the price will probably multiply by ten, since the 1% of the human population is about 70 million while the user base of bitcoin is around 1 to 1.5 million users.
It's a process, and what I see we are growing now. It does not matter how small we are now but what matters is the progress of bitcoin. I can tell the progress is fast as evidence by the price increase.
I agree to that, if we expect it will grow very fast then what you are seeing is a bubble. We do not want to witness what has happened in the past, this time should be successful and it's important we all have patience as the price will just grow based on the demand of the people.

It's a long way to go, so keep riding and be hopeful your future will be positive with bitcoin.

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Dudeperfect
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January 06, 2017, 05:34:00 AM
 #496

We know many have been using it now so it says it all. But still that is not enough to say that it is the future. Many just come and go and bitcoin have been proving good when it comes to being money itself.

Because Bitcoin, being a pioneer in crypto technology has some unique feature which is not available in fiat system and hence the popularity is increasing day by day. I have no doubt that in next ten years we would have a growth rate of 100% or more regarding worldwide users and people would prefer bitcoin over PayPal or Visa.
I think Bitcoin will reach that level of success, but it may take longer than people think. With regard to the growth rate, I think that this year we may already see a significant increase, given that high profile investors are entering the scene.

Yes I also think that it will take longer than expected cause realistically speaking, It is quite a dream to think that a whole decade will be full of imroving stuffs or positive ones . Of course negative stuffs or what we called problems will show up that will hinders its growing period or will make it longer . We should be ready for this cause bitcoin is dependent to its users .

That is right. The price of bitcoin is too volatile. It cannot be a good currency.

Volatile based on trading with fiat. If there were no fiat, bitcoin wouldn't be volatile. Maybe one day  Grin

But since we are living in a society (which is dominated by fiat) we have to compare it with fiat when it comes to use of bitcoin (or any crypto currency) in terms of medium of exchange. You can’t simply ignore fiat because not everyone use bitcoin in their day to day life and we have to use fiat until significant number of merchants start accepting crypto currency. Change is a two way traffic road, we are changing and now waiting for others to change.
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January 06, 2017, 07:23:56 AM
 #497

I am not sure but USA, Japan and Russia were already accept bitcoin, so bitcoin have a big chance to be the future of money. Probably gold could be the biggest compettitor for bitcoin to be futute of money.
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January 06, 2017, 07:34:02 AM
 #498

Crypto currency whatever it is, is here to stay because of the internet.
It will be here forever because a lot of people is in the internet and continues to grow due to technology advances too.
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January 06, 2017, 07:36:19 AM
 #499

Crypto currency whatever it is, is here to stay because of the internet.
It will be here forever because a lot of people is in the internet and continues to grow due to technology advances too.

well said and also I would like to add up that as technology upgrades happen,a new and better trading practices will emerge as proven by bitcoin which was voted as the hottest and best FOREX for 2016.

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January 06, 2017, 07:46:57 AM
 #500

I am not sure but USA, Japan and Russia were already accept bitcoin, so bitcoin have a big chance to be the future of money. Probably gold could be the biggest compettitor for bitcoin to be futute of money.

Because they are the most advance technology countries and all of them is adopting technology in their daily life! so it is not surprise but i dont think really that there are a lot of stores that accepts bitcoin as payment well there are stores really accepts it but it cant seem everywhere. It is possible that gold is one of the biggest competitor for bitcoin if ever bitcoin is used by everyone but they are not link to each other because gold is in real and bitcoin is for online well it can be exchange to own fiat but it is very opposite
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