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Author Topic: Is Bitcoin Really The Future Of Money?  (Read 67806 times)
DrVaribo
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March 12, 2017, 08:30:50 AM
 #981

Yes, there is a future for bitcoin, as I can see how the people embraced the features of bitcoin the demand of it was getting massive in different places of the countries all over the world and even different categories of the business and biggest company is also adopting it too.

There is future of Bitcoin for sure, but future of money is quite doubtful. People are transacting with BTC but I noticed that many users are liking it as investment. Due to high fees and uncertain duration for a transaction to complete, it is loosing some faith. Big companies are accepting BTC but unless small businessman and all the consumers are accepting it to pay with BTC, future of it as money or a currency is getting narrow.
I agree with you . bitcoin is currently more widely used as an investment, but bitcoin initial goal is to replace the function of real money. This should be corrected, so that in the future bitcoin still have a strong existence in the world financial markets.
but to me i think bitcoin initial goal is to use it as online currency. and we can see that most of the people are using bitcoin for for online purposes. while in some are where the users of bitcoin are more in number there they have the facilities to use bitcoin in their offline shops, and as soon as the bitcoin users are increasing the availability of bitcoin in local shops is also increasing.
Tell me what percentage of all visitors to the local store uses bitcoin? 0.01 or 0.00001%? Will grandmothers or grandfathers, as well as children, use bitcoin when buying milk or other products? What knowledge do they need and where do they get them? It's hard to answer. Therefore, I would not dream of vague hopes. Bitcoin is the currency for a narrow range of users.
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March 12, 2017, 02:58:40 PM
 #982

Yes, there is a future for bitcoin, as I can see how the people embraced the features of bitcoin the demand of it was getting massive in different places of the countries all over the world and even different categories of the business and biggest company is also adopting it too.

There is future of Bitcoin for sure, but future of money is quite doubtful. People are transacting with BTC but I noticed that many users are liking it as investment. Due to high fees and uncertain duration for a transaction to complete, it is loosing some faith. Big companies are accepting BTC but unless small businessman and all the consumers are accepting it to pay with BTC, future of it as money or a currency is getting narrow.
I agree with you . bitcoin is currently more widely used as an investment, but bitcoin initial goal is to replace the function of real money. This should be corrected, so that in the future bitcoin still have a strong existence in the world financial markets.
but to me i think bitcoin initial goal is to use it as online currency. and we can see that most of the people are using bitcoin for for online purposes. while in some are where the users of bitcoin are more in number there they have the facilities to use bitcoin in their offline shops, and as soon as the bitcoin users are increasing the availability of bitcoin in local shops is also increasing.
Tell me what percentage of all visitors to the local store uses bitcoin? 0.01 or 0.00001%? Will grandmothers or grandfathers, as well as children, use bitcoin when buying milk or other products? What knowledge do they need and where do they get them? It's hard to answer. Therefore, I would not dream of vague hopes. Bitcoin is the currency for a narrow range of users.
Time will show us whether Bitcoin can become popular and be used by many people or not. As you can see, the number of bitcoin users increase every year and it is certain that most of them enjoy this type of currency. Bitcoin is one of the new technologies and we have to admit that people can not easily understand and accept. They need more time to learn and to practice using bitcoin more ofter. If that happens, Bitcoin will be used as the main currency of the Earth and store will choose Bitcoin as a payment method

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March 12, 2017, 03:20:39 PM
 #983


Time will show us whether Bitcoin can become popular and be used by many people or not. As you can see, the number of bitcoin users increase every year and it is certain that most of them enjoy this type of currency. Bitcoin is one of the new technologies and we have to admit that people can not easily understand and accept. They need more time to learn and to practice using bitcoin more ofter. If that happens, Bitcoin will be used as the main currency of the Earth and store will choose Bitcoin as a payment method

I am sure bitcoin will be a huge of payment method in the world.
yes, you are right. bitcoin user always increase every year. we can see that, many of people to using bitcoin for the payment.

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March 12, 2017, 04:05:30 PM
 #984

As you can see, the number of bitcoin users increase every year and it is certain that most of them enjoy this type of currency. Bitcoin is one of the new technologies and we have to admit that people can not easily understand and accept. They need more time to learn and to practice using bitcoin more ofter. If that happens, Bitcoin will be used as the main currency of the Earth and store will choose Bitcoin as a payment method
I would like to find out how you come to the conclusion that the number of users is increasing. What do you use as reference for this? Increased price? Increased number of transactions?

Other than that, Bitcoin will never become the main currency of the world. It's nothing more than a wild fantasy that plays in people's minds. It will never reach further than that.

We have to accept that Bitcoin is nothing more than an alternative multifunctional tool. It shapes itself to your needs. That's the beauty of Bitcoin.

If you want to use it as currency tool, you can. If you want to use it as store of value, you can. If you want to use it as remittance tool, you can. Everything is possible.

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March 12, 2017, 04:38:55 PM
 #985


Time will show us whether Bitcoin can become popular and be used by many people or not. As you can see, the number of bitcoin users increase every year and it is certain that most of them enjoy this type of currency. Bitcoin is one of the new technologies and we have to admit that people can not easily understand and accept. They need more time to learn and to practice using bitcoin more ofter. If that happens, Bitcoin will be used as the main currency of the Earth and store will choose Bitcoin as a payment method

I am sure bitcoin will be a huge of payment method in the world.
yes, you are right. bitcoin user always increase every year. we can see that, many of people to using bitcoin for the payment.

Those who have once tried to use Bitcoin understand that it has many advantages over national currencies. Therefore, I am sure that with each year users of bitcoin will become more
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March 13, 2017, 08:47:21 PM
 #986

Yes, there is a future for bitcoin, as I can see how the people embraced the features of bitcoin the demand of it was getting massive in different places of the countries all over the world and even different categories of the business and biggest company is also adopting it too.

There is future of Bitcoin for sure, but future of money is quite doubtful. People are transacting with BTC but I noticed that many users are liking it as investment. Due to high fees and uncertain duration for a transaction to complete, it is loosing some faith. Big companies are accepting BTC but unless small businessman and all the consumers are accepting it to pay with BTC, future of it as money or a currency is getting narrow.
I agree with you . bitcoin is currently more widely used as an investment, but bitcoin initial goal is to replace the function of real money. This should be corrected, so that in the future bitcoin still have a strong existence in the world financial markets.
i also think so that bitcoin is the future of all the currencies, because in modern countries people have already changed their payment method mostly to bitcoin and hope that even in developing countries where the facilities of internet and computers are available there they are also changing their interest into bitcoin and hope very soon they will also use bitcoin for most of their life activities instead of fiat currencies.

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March 13, 2017, 11:02:23 PM
 #987


Time will show us whether Bitcoin can become popular and be used by many people or not. As you can see, the number of bitcoin users increase every year and it is certain that most of them enjoy this type of currency. Bitcoin is one of the new technologies and we have to admit that people can not easily understand and accept. They need more time to learn and to practice using bitcoin more ofter. If that happens, Bitcoin will be used as the main currency of the Earth and store will choose Bitcoin as a payment method

I am sure bitcoin will be a huge of payment method in the world.
yes, you are right. bitcoin user always increase every year. we can see that, many of people to using bitcoin for the payment.

Those who have once tried to use Bitcoin understand that it has many advantages over national currencies. Therefore, I am sure that with each year users of bitcoin will become more
This is true but bitcoin also has some issues, probably the biggest at the moment is the huge rise in fees that has happen in the last months and how slow the network seems to be working.
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March 14, 2017, 02:38:21 AM
 #988


Time will show us whether Bitcoin can become popular and be used by many people or not. As you can see, the number of bitcoin users increase every year and it is certain that most of them enjoy this type of currency. Bitcoin is one of the new technologies and we have to admit that people can not easily understand and accept. They need more time to learn and to practice using bitcoin more ofter. If that happens, Bitcoin will be used as the main currency of the Earth and store will choose Bitcoin as a payment method

I am sure bitcoin will be a huge of payment method in the world.
yes, you are right. bitcoin user always increase every year. we can see that, many of people to using bitcoin for the payment.

Those who have once tried to use Bitcoin understand that it has many advantages over national currencies. Therefore, I am sure that with each year users of bitcoin will become more
This is true but bitcoin also has some issues, probably the biggest at the moment is the huge rise in fees that has happen in the last months and how slow the network seems to be working.

I'm seeing a lot of people complaining about the rise of fees well I guess that appropriate because we saw that the price of bitcoin is also increasing. And that's why we just need to expect that there would be more increase in fees. With the network traffic, the core devs are planning to do something about it already.

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March 15, 2017, 12:44:48 AM
 #989

As you can see the bitcoin is being popular by every each day. With every time passes, the number of bitcoin user is increases. We are in the modern world and many people have using internet, so if will they know that they have a chance to get money from internet they will go for it. If everyone have known about bitcoin they will use it as mode of payment then its not far to the bitcoin to become the future money.

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March 15, 2017, 01:11:31 AM
 #990

bitcoin could be the future of money if everyone adopts bitcoin and use bitcoin currency as usual, then I believe bitcoin will be the future of money, but I hope that bitcoin will quickly become future money.
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March 15, 2017, 02:10:52 AM
 #991

bitcoin could be the future of money if everyone adopts bitcoin and use bitcoin currency as usual, then I believe bitcoin will be the future of money, but I hope that bitcoin will quickly become future money.
i agree if bitcoin will become future money,but its almost impossible for all people adopts and use bitcoin,because until now i didn't see many bitcoin start using bitcoin,esspesially in my country.
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March 16, 2017, 10:37:50 PM
 #992


Time will show us whether Bitcoin can become popular and be used by many people or not. As you can see, the number of bitcoin users increase every year and it is certain that most of them enjoy this type of currency. Bitcoin is one of the new technologies and we have to admit that people can not easily understand and accept. They need more time to learn and to practice using bitcoin more ofter. If that happens, Bitcoin will be used as the main currency of the Earth and store will choose Bitcoin as a payment method

I am sure bitcoin will be a huge of payment method in the world.
yes, you are right. bitcoin user always increase every year. we can see that, many of people to using bitcoin for the payment.

Those who have once tried to use Bitcoin understand that it has many advantages over national currencies. Therefore, I am sure that with each year users of bitcoin will become more
This is true but bitcoin also has some issues, probably the biggest at the moment is the huge rise in fees that has happen in the last months and how slow the network seems to be working.

I'm seeing a lot of people complaining about the rise of fees well I guess that appropriate because we saw that the price of bitcoin is also increasing. And that's why we just need to expect that there would be more increase in fees. With the network traffic, the core devs are planning to do something about it already.
But, it isn’t the other way around? The miners are getting higher returns because bitcoin is now more expensive, the same amount of fees will give them more earnings so I don’t think the price of bitcoin is related to the rise in fees this seems to be a demand and supply issue.
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March 16, 2017, 11:25:05 PM
 #993

Bitcoin sucks.

Everyday, some six pack joe gets hacked and all funds end up in the hands of immoral people (or he gets scammed with no recourse as with fiat).

Not to mention, all bitcoin / altcoin markets are heavily manipulated to rob the average trade / investor, or are scams.

Maybe something better will exist in future, but for now, I prefer fiat for payments, investments, anything involving any sort of trust.
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March 17, 2017, 02:47:03 AM
 #994

Bitcoin sucks.

Everyday, some six pack joe gets hacked and all funds end up in the hands of immoral people (or he gets scammed with no recourse as with fiat).

Not to mention, all bitcoin / altcoin markets are heavily manipulated to rob the average trade / investor, or are scams.

Maybe something better will exist in future, but for now, I prefer fiat for payments, investments, anything involving any sort of trust.
That's your opinion but I'm sure if the majority will speak, they would choose bitcoin over other investment. I think being hacked is due to poor security and negligence of the owner, that does not do with the overall market of bitcoin as that is not heavily happening now. As time passes, security has improve and it's up to the owner on how to safeguard his assets effectively.

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March 18, 2017, 02:07:09 AM
 #995

Bitcoin sucks.

Everyday, some six pack joe gets hacked and all funds end up in the hands of immoral people (or he gets scammed with no recourse as with fiat).

Not to mention, all bitcoin / altcoin markets are heavily manipulated to rob the average trade / investor, or are scams.

Maybe something better will exist in future, but for now, I prefer fiat for payments, investments, anything involving any sort of trust.
While it is not right that a person gets hacked and losses all of its funds, holding bitcoin is a greater responsibility since we must not forget we are our own banks so if you lose your money then there is no one you can turn to get help.
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March 18, 2017, 02:14:14 AM
 #996

Bitcoin is really the future money, actually people are starting to adopt it, unluckly not all people can access internet to have it and use it. But then once we get the support of the government of each country then for sure people will feel easy to access it.
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March 18, 2017, 02:16:32 AM
 #997

Bitcoin is really the future money, actually people are starting to adopt it, unluckly not all people can access internet to have it and use it. But then once we get the support of the government of each country then for sure people will feel easy to access it.

I don't necessarily think that every government needs to support bitcoin for people to adopt it. I think a lot needs to be done but not necessarily government approval. Who knows though.
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March 18, 2017, 05:15:32 AM
 #998

Bitcoin is really the future money, actually people are starting to adopt it, unluckly not all people can access internet to have it and use it. But then once we get the support of the government of each country then for sure people will feel easy to access it.

I don't necessarily think that every government needs to support bitcoin for people to adopt it. I think a lot needs to be done but not necessarily government approval. Who knows though.
Government's support would help to widespread its market. However, without the support of governments, bitcoin can stand by itself successfully.


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March 18, 2017, 05:38:27 AM
 #999

Bitcoin is successful even without the support of the government, we don't need them. They will just use and take over the opportunities of BTC, there is possibility to lessen the features what we are enjoying now. One of the worst thing can happen is make the transaction fee higher for the tax.

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March 18, 2017, 05:52:08 AM
 #1000

Bitcoin is successful even without the support of the government, we don't need them. They will just use and take over the opportunities of BTC, there is possibility to lessen the features what we are enjoying now. One of the worst thing can happen is make the transaction fee higher for the tax.
Well, slowly, people conducting online transactions, and bitcoin will become the main choice. even without government support, bitcoin will grow, especially if the price of bitcoin is very high as it is today. perhaps, everyone will assume that bitcoin is an international currency.


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