Bitcoin as the currency of the future?
Mbah Tyo:
I see that the more bitcoin the more users seen from the significantly increased bitcoin price increase, is this a sign that bitcoin will soon become the future virtual currency?
MingLee:
Quote from: Mbah Tyo on May 03, 2017, 12:22:14 AM
I see that the more bitcoin the more users seen from the significantly increased bitcoin price increase, is this a sign that bitcoin will soon become the future virtual currency?
It's not the users increasing in number bring it up.
I am now really close to willing to bet that the entire reasoning behind the value skyrocketing is speculation based around the ETF being run through the SEC again ALONG WITH investors taking the small exchange values on other exchanges like BTC-E (among others) and sending them to Bitfinex to sell them at an inflated value, then fund their accounts on other exchanges again and repeat the process.
There is no support for the current Bitcoin value. A fix with Bitfinex's accounts will send the value plummeting as the exchanges all start to even out and stop acting independently of each other. The divides between exchanges is unsustainable and indicative of some issues within the market.
Duzter:
Quote from: Mbah Tyo on May 03, 2017, 12:22:14 AM
I see that the more bitcoin the more users seen from the significantly increased bitcoin price increase, is this a sign that bitcoin will soon become the future virtual currency?
The increase in users also an reason for bitcoin price. It contributes a majority and to make this a sustained growth the real volume transactions is a must. Now the speculations are making this more effective with the ETF as an cause. As one have quoted the bitfinex fix too cause a pump or dump as it has over rated the price for some technical issues.
DaddyMonsi:
Quote from: Mbah Tyo on May 03, 2017, 12:22:14 AM
I see that the more bitcoin the more users seen from the significantly increased bitcoin price increase, is this a sign that bitcoin will soon become the future virtual currency?
Depends if there will be more merchants who will use or accept Bitcoin as mode payment just like Paypal where majority or a lot of online store accepts Paypal compared to Bitcoin. Some online store owners don't even know the existence of Bitcoin (in my country example). Bitcoin being accepted as mode of payment will have a big impact.
yueno:
I guess Yes It will be the universal currency in the future because of the trend of a computer. The online market or shoppine is now available which you can use bitcoin the buy or to shop online. And also bitcoin use to invest, to gamble and to trade that is why Bitcoin deserve to be a universal currency in the future.
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