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Author Topic: Bitcoin Popularity in Europe and its effects on the currency  (Read 274 times)
Userperson321
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April 27, 2017, 10:45:57 PM
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As bitcoin rapidly gains popularity in Europe, how will this effect the Currency? Will bitcoin be seen as less of a fad that is bound go out of fashion and die and more of a real currency? Will this increase in popularity possible change the ideas of what bitcoin is from something drug dealers use to hide themselves to something that can be used to by everyday items? If you would like to talk about some of these questions and add your own to the list, post something.

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April 27, 2017, 11:26:59 PM
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It seems to me that the talk about drug trafficking, terrorist attacks, etc is simply an attempt to find an excuse and a reason to fight bitcoin. Before the advent of bitcoin is the same financed in dollars. And now Finance.
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April 28, 2017, 12:38:14 AM
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Being adopted by more people means Bitcoin will get more popularity, and maybe some open-minded people would try to check if it's worth to try on and maybe invest in it and that's great in my opinion, but the use of it in illegal things, that's where I don't agree in.



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Lieldoryn
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April 28, 2017, 01:52:30 AM
 #4

Being adopted by more people means Bitcoin will get more popularity, and maybe some open-minded people would try to check if it's worth to try on and maybe invest in it and that's great in my opinion, but the use of it in illegal things, that's where I don't agree in.
Bitcoin will be recognized only when it is in everyone's wallet. You need to start a chain reaction. As with the dollar. When he is at all nobody wants to lose money and cherish the dollar. So it will be with bitcoin.
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April 28, 2017, 02:50:47 AM
 #5

As bitcoin rapidly gains popularity in Europe, how will this effect the Currency? Will bitcoin be seen as less of a fad that is bound go out of fashion and die and more of a real currency? Will this increase in popularity possible change the ideas of what bitcoin is from something drug dealers use to hide themselves to something that can be used to by everyday items? If you would like to talk about some of these questions and add your own to the list, post something.

Who says bitcoin will die? Bitcoin is here to stay for good no matter what person, country do to stop the popularity of bitcoin. It didn't start as a fad and will not go out of fashion.

There is always 2 side of a coin. People will always find a way to used bitcoin legal or illegal means. So you can't blame bitcoin if it is being used for illegal activities like drug dealers or even terrorist. This can be accomplished with fiat as well. So that argument is thrown out of the window.

On the other hand, if bitcoin will become mass adopted, and gains wide acceptance, then the demand it in would be high but the supply will be low, meaning the price of bitcoin will reach new heights like $10,000 per bitcoin, because it will be scarce, specially the next halving will occur in about 3 years.

Userperson321
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April 28, 2017, 03:01:09 AM
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the price of bitcoin will reach new heights like $10,000 per bitcoin, because it will be scarce, specially the next halving will occur in about 3 years.

That's pretty helpful as someone who is fairly new to bitcoin.
Soon we will all be rich. Funny to think about ain't it?

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April 28, 2017, 05:36:52 AM
 #7

It seems to me that the talk about drug trafficking, terrorist attacks, etc is simply an attempt to find an excuse and a reason to fight bitcoin. Before the advent of bitcoin is the same financed in dollars. And now Finance.
Terrorism and drug trafficking has been existing before advent of bitcoin. Fake news site and they ignorant followers are what enemy of bitcoin are using to make bitcoin look as if you can only use it for evil. Dollar, Yuen, rubbi and others currencies has been using for child trafficked, drugs trafficking and terrorism. Bitcoin is crypto currencies and it can use for any thing the same way dollars is a fiat currencies and it can be use for anything.

                                                                               
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