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Author Topic: Reason why you should Buy bitcoin now  (Read 59514 times)
Mastsetad
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November 16, 2016, 05:05:59 PM
#21

So much so that 15% of banks world wide expect to widely implement blockchain, which is a ledger of transactions updated in real time by various institutions, by next year, according to the report which surveyed 200 global banks.

These banks, mostly medium to large-sized institutions, are focusing their blockchain technology on three areas: consumer lending, retail payments, and reference data, which refers to the real-time information sharing of transactions across business divisions and institutions.

In four years, IBM says that 66% percent of banks expect to have blockchain in commercial production and at scale.


i think this has been said thousands of times and i say it again: using blockchain doesn't mean using bitcoin so it has no effect on bitcoin and its price since all these institutes are doing is creating an altcoin and we already see 100s of altcoins each year if they each had an effect on bitcoin price, then price would have been 1 mil dollar today!

i agree with this too, because they might adopt the technology of blockchain but that does not ensure that they will accept bitcoin too, they may copy the way how it works and make their own coins that would be under their control so that they don't let anyone be anonymous using their services.


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November 16, 2016, 08:14:21 PM
#22

Reason to buy bitcoin now is very nice because bitcoin price is low and bitcoin in the next year coming will blow up. So you need to buy now and keep it wait the bitcoin price getting to the rocket.


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November 16, 2016, 11:08:11 PM
#23

wow that's a great news. I'm planning to invest more in bitcoin to gain more profit in the next 2 years. by the end of this year i will invest in bitcoin and trade half of it on altcoins so i can use altcoin for trading and gambling. im addicted in gambling but i have a selfcontrol so it's nothing for me. i would invite my friends to invest in bitcoin and im gonna spread this info in my friends so they will invest in bitcoin like me.

I think that this was mentioned many times here in forum and outside too, so I think it is an overrated news that is being discussed everytime and people more and more and understanding the power of blockchain system.


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November 16, 2016, 11:49:08 PM
#24

So much so that 15% of banks world wide expect to widely implement blockchain, which is a ledger of transactions updated in real time by various institutions, by next year, according to the report which surveyed 200 global banks.

These banks, mostly medium to large-sized institutions, are focusing their blockchain technology on three areas: consumer lending, retail payments, and reference data, which refers to the real-time information sharing of transactions across business divisions and institutions.

In four years, IBM says that 66% percent of banks expect to have blockchain in commercial production and at scale.

Blockchain technology varies a lot and it isn't really correlated when it comes to Bitcoin and blockchain technology. The blockchain is a system that is based off of what Bitcoin uses; it isn't requiring Bitcoin to exist and it runs along its own database. Bitcoin is taken out of the equation.

Bitcoin is not a company with a patent, the only value to come out of this is speculators buying Bitcoin. Banks implementing blockchain technology means nothing for the value, on a direct basis.
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November 17, 2016, 04:18:49 AM
#25

Reason to buy bitcoin now is very nice because bitcoin price is low and bitcoin in the next year coming will blow up. So you need to buy now and keep it wait the bitcoin price getting to the rocket.

Yes, Agree! Bitcoin price now reach 35, 000 in 1btc. it blows more and more. getting higher and higher. buy bitcoins now and sell it later! that's the best strategy that we can do for now. Or you can invest some bitcoins that you buy and save for the future. It was predicted that bitcoins will reach 1000 dollars by the end of this year. That was really amazing! and that's not just a prediction because every day you can see its increased of price!

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November 17, 2016, 04:25:58 AM
#26

So much so that 15% of banks world wide expect to widely implement blockchain, which is a ledger of transactions updated in real time by various institutions, by next year, according to the report which surveyed 200 global banks.

These banks, mostly medium to large-sized institutions, are focusing their blockchain technology on three areas: consumer lending, retail payments, and reference data, which refers to the real-time information sharing of transactions across business divisions and institutions.

In four years, IBM says that 66% percent of banks expect to have blockchain in commercial production and at scale.


Its a good news for everyone, we can be then considered early adopters s:) do you think they will also create their own token to which we can trade on exchanges?  I'm hoping they would.

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November 17, 2016, 04:43:45 AM
#27

Reason to buy bitcoin now is very nice because bitcoin price is low and bitcoin in the next year coming will blow up. So you need to buy now and keep it wait the bitcoin price getting to the rocket.

I don't think that the price of bitcoin is low but if we will just think that the bitcoins rise will not ever stop then we can consider todays price is affordable. But it doesn't means that it is low because if you are able to buy some of bitcoins way back after the bitfinex hack then probably you will justify that price today is not low.
good term mate affordable since we are expecting a really high price in coming years as we think for future goal of bitcoin, if you are an early investors maybe you are already in a good profits and you can play now with the current price.

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November 17, 2016, 05:52:00 AM
#28

So much so that 15% of banks world wide expect to widely implement blockchain, which is a ledger of transactions updated in real time by various institutions, by next year, according to the report which surveyed 200 global banks.

These banks, mostly medium to large-sized institutions, are focusing their blockchain technology on three areas: consumer lending, retail payments, and reference data, which refers to the real-time information sharing of transactions across business divisions and institutions.

In four years, IBM says that 66% percent of banks expect to have blockchain in commercial production and at scale.

The banks only interested on technology behind bitcoin the blockchain, this technology can transform the traditional system of the banks used nowdays it can make the transaction is faster, cutting much cost due to eliminating 3rd party, however i don't see that this case is the reason why  people should by bitcoin cause even though many institution or money corporation adopt blockchain it doesn't mean the bitcoin's price would be increase.
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November 17, 2016, 05:58:11 AM
#29

Reason to buy bitcoin now is very nice because bitcoin price is low and bitcoin in the next year coming will blow up. So you need to buy now and keep it wait the bitcoin price getting to the rocket.

I don't think that the price of bitcoin is low but if we will just think that the bitcoins rise will not ever stop then we can consider todays price is affordable. But it doesn't means that it is low because if you are able to buy some of bitcoins way back after the bitfinex hack then probably you will justify that price today is not low.
good term mate affordable since we are expecting a really high price in coming years as we think for future goal of bitcoin, if you are an early investors maybe you are already in a good profits and you can play now with the current price.
Early investors have already converted their profit in a more legitimate business, maybe they already have their restaurants or hotels now.. I envy them but that's life, I still believe bitcoin has more room to grow in the future that's why I am putting my money in bitcoin and hope it will prosper.

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November 17, 2016, 06:08:18 AM
#30

Basically, because the price is going up and will go up some more in the near future. We might even see that $1,000 price again next year. Bitcoin will be here for quite some time and doesn't look like it will go away or become obsolete. Also, the world is shifting to technological advancements like these and leaving old technologies like paper. Money will be digital in the future.

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November 17, 2016, 06:15:33 AM
#31

Well, based on the OP statistics, it seems that blockchain technologies have come to stay. If the Bitcoin users network continues to expand at the same rate, for individuals and institutions, we may see Bitcoin reaching new heights. But for this, it is important that the hodlers promote the currency, so that more people see the potential of it.

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November 17, 2016, 06:20:41 AM
#32

Basically, because the price is going up and will go up some more in the near future. We might even see that $1,000 price again next year. Bitcoin will be here for quite some time and doesn't look like it will go away or become obsolete. Also, the world is shifting to technological advancements like these and leaving old technologies like paper. Money will be digital in the future.
I think we do not need to see the price of bitcoin in the long run, because I'm sure users will not be able to hold them for too long bitcoin, bitcoin I buy now, because I'm sure the price of a few more days will be higher than now

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November 17, 2016, 07:12:15 AM
#33

I think buying bitcoin right now is not really a good idea because it's price is to high compare to it's price in the past months. Selling bitcoin right now is the best decision rather than buying it because you will earn huge profit from it that buying one and it is also hard to find someone right now who sells bitcoin in a lower price than it's original price. If you don't have enough bitcoin right now, earning some is the best way than to buy one, in my opinion.

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November 17, 2016, 07:19:26 AM
#34

There so much reasons why you should buy bitcoin. The price of bitcoin has been more stable than before. Right now it reached $700 barrier and rising and its a good investment. So buy now and hold till the price goes up. Second, a lot of people are using or buying bitcoin. More people are trusting bitcoin because the transactions in the bitcoin network are increasing so fast. Transactions is so fast at a very low cost fees. Third, many marketplaces are going to accept bitcoin in the future. I saw some online bazaares that are accepting bitcoin. So expect to see a lot of this in months or a year.

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November 17, 2016, 08:21:13 AM
#35

So much so that 15% of banks world wide expect to widely implement blockchain, which is a ledger of transactions updated in real time by various institutions, by next year, according to the report which surveyed 200 global banks.

These banks, mostly medium to large-sized institutions, are focusing their blockchain technology on three areas: consumer lending, retail payments, and reference data, which refers to the real-time information sharing of transactions across business divisions and institutions.

In four years, IBM says that 66% percent of banks expect to have blockchain in commercial production and at scale.


that is just blockchain and blockchain is not bitcoin it means that IBM said 66% of the banks will have their own alternative chain to handle their business on. which means another altcoin which is also centralized will be added to the massive pool of random altcoins and bitcoin will remain as it was before, growing and decentralized.

don't get confused when you hear blockchain without hearing bitcoin.

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November 17, 2016, 08:26:08 AM
#36

So much so that 15% of banks world wide expect to widely implement blockchain, which is a ledger of transactions updated in real time by various institutions, by next year, according to the report which surveyed 200 global banks.

These banks, mostly medium to large-sized institutions, are focusing their blockchain technology on three areas: consumer lending, retail payments, and reference data, which refers to the real-time information sharing of transactions across business divisions and institutions.

In four years, IBM says that 66% percent of banks expect to have blockchain in commercial production and at scale.

Blockchain technology varies a lot and it isn't really correlated when it comes to Bitcoin and blockchain technology. The blockchain is a system that is based off of what Bitcoin uses; it isn't requiring Bitcoin to exist and it runs along its own database. Bitcoin is taken out of the equation.

Bitcoin is not a company with a patent, the only value to come out of this is speculators buying Bitcoin. Banks implementing blockchain technology means nothing for the value, on a direct basis.

You are right in saying that the widespread implementation of blockchain technology by banks does not in any direct manner affect Bitcoin itself. It's just the use of bitcoin's blockchain design in their own proprietary blockchains.

On the other hand, such adoption serves as a testament to just how disruptive and genuine the technology underpinning Bitcoin is.
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November 17, 2016, 08:41:37 AM
#37

So much so that 15% of banks world wide expect to widely implement blockchain, which is a ledger of transactions updated in real time by various institutions, by next year, according to the report which surveyed 200 global banks.

These banks, mostly medium to large-sized institutions, are focusing their blockchain technology on three areas: consumer lending, retail payments, and reference data, which refers to the real-time information sharing of transactions across business divisions and institutions.

In four years, IBM says that 66% percent of banks expect to have blockchain in commercial production and at scale.

Blockchain technology varies a lot and it isn't really correlated when it comes to Bitcoin and blockchain technology. The blockchain is a system that is based off of what Bitcoin uses; it isn't requiring Bitcoin to exist and it runs along its own database. Bitcoin is taken out of the equation.

Bitcoin is not a company with a patent, the only value to come out of this is speculators buying Bitcoin. Banks implementing blockchain technology means nothing for the value, on a direct basis.

You are right in saying that the widespread implementation of blockchain technology by banks does not in any direct manner affect Bitcoin itself. It's just the use of bitcoin's blockchain design in their own proprietary blockchains.

On the other hand, such adoption serves as a testament to just how disruptive and genuine the technology underpinning Bitcoin is.
Oh well since crypto might be more popular in this coming age i guess whatever it is if they use blockchain it will possibly interact with bitcoin industry and will reflect to its current status so better to buy bitcoin and see how far value will reach.

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November 17, 2016, 12:00:12 PM
#38

Basically, because the price is going up and will go up some more in the near future. We might even see that $1,000 price again next year. Bitcoin will be here for quite some time and doesn't look like it will go away or become obsolete. Also, the world is shifting to technological advancements like these and leaving old technologies like paper. Money will be digital in the future.
actually the entire world still stay on paper money,even there's also digital things such as credit card which allow you to pay everywhere with digital balance but still it's based on the paper money and could be cashed out as a paper money in ATM,digital money still far


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November 17, 2016, 01:43:57 PM
#39

It is a good time now to buy bitcoin, in few years later many expert predict that bitcoin will reach 1000$ and so it will be great if you keep bitcoin as your investment, and many banking sector already aware of bitcoin existence, so in the future we will see more sector adapting bitcoin
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November 17, 2016, 05:45:29 PM
#40

It is a good time now to buy bitcoin, in few years later many expert predict that bitcoin will reach 1000$ and so it will be great if you keep bitcoin as your investment, and many banking sector already aware of bitcoin existence, so in the future we will see more sector adapting bitcoin

That's quite true mate. Many of us believe that bitcoin value will reach a price of $1000 and that's possible as we can see on the trend in the market.. it's really good to invest by buying bitcoin for it will be more valuable for us till early next year just wait and see.

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