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Author Topic: Bitcoin as the currency of the future?  (Read 8457 times)
Mbah Tyo (OP)
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May 03, 2017, 12:22:14 AM
 #1

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?


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MingLee
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May 03, 2017, 12:27:50 AM
 #2

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.
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May 03, 2017, 02:06:07 AM
 #3

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.

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May 03, 2017, 02:49:56 AM
 #4

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.
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May 03, 2017, 02:55:55 AM
 #5

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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May 03, 2017, 03:06:51 AM
 #6

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.
You mean if the more major store started to accept bitcoin becomes his payment method and Does it reflected if the bitcoin user has growth?
Most users are want to use bitcoin as an investment. The percentage how many people are trying to use it become a mode payment is very small. Bitcoin has some P2P market and there is no significant grow on his chart.
In this time bitcoin has a lot of definition regarding those people intention i suppose.

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May 03, 2017, 03:16:34 AM
 #7

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.

I personally believe that Bitcoin has a future and can be able to sustain as the King of all Cryptos. However, as to whether it would be able to go mainstream and be adopted just like the fiat money that can really take time and we don't know if there would be events that can affect Bitcoin.

Speculations is always driving the value of Bitcoin ever since it started because we look at it more as an asset.  It is amazing that we find many exchanges today having different quoted value for Bitcoin opening up for leverage players to make some profit just by transferring Bitcoin from one place to another. As to how long this can continue, nobody knows but soon am sure they will be able to correct the disparities.
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May 03, 2017, 03:45:12 AM
 #8

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?

Nah man, it's a sign that Bitcoin is a current virtual currency.

Bitcoin is the currency of TODAY! Welcome to the future, kid! We're here. This is it...now go forth into your community and ask your shopkeepers if they accept Bitcoin for payment?
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May 03, 2017, 04:05:48 AM
 #9

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?
That is very much possible Yes! as you can see it now many of the businesses, such as merchants who accepted bitcoin as their mode of payment, and other company too are now adopting the concepts of bitcoin. sooner or later it will become more higher more and more.
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May 03, 2017, 04:55:17 AM
 #10

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?
Yeah , the most of the people who have no job or have job but making low incoming are entering in the bitcoin Business ( like trading and Investment ) .
Now here I myself is a emplye in a private company but my more than income is from the bitcoin , since here I can leave the kob but for the time pass I am in that job , so here the bitcoin proves more better not from the view of the making money but always a way of payment where the tax are not involved .
Since the most developed countries are declare a bitcoin legal and accepted officially , so we can say easily that bitcoin is future Currecy for the whole world .

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May 03, 2017, 04:59:11 AM
 #11

no doubt that its future is bright and more or more people are interested towards it as it is progressing day day.
the way we see the rise in price of it in previous 3 to 4 months this is a severe example of increasing in the number of users and i think i will become the future of all currencies as the future is of internet and more peoples comes towards it in near future.
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May 03, 2017, 05:00:30 AM
 #12

no doubt that its future is bright and more or more people are interested towards it as it is progressing day day.
the way we see the rise in price of it in previous 3 to 4 months this is a severe example of increasing in the number of users and i think i will become the future of all currencies as the future is of internet and more peoples comes towards it in near future.
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May 03, 2017, 05:03:43 AM
 #13

This has been discussed many times before, just search for them and you will see lots of reply on this.

Without public support bitcoin couldn't had the price it have right now and even after tremendous effort from government to shut down bitcoin network, it is still standing stronger. Yes bitcoin is and will be globally accepted currency.

 
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cryp24x
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May 03, 2017, 05:15:53 AM
 #14

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?

I do not think that Bitcoin will be the future currency, Bitcoin might be the one that opened the age for decentralized digital currency but I am sure Bitcoin will always be an alternative if it stays as is and had not been replaced by more advance cryptocurrency.  The government won't accept it but rather create their own currency.
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May 03, 2017, 05:25:28 AM
 #15

The price is definitely being influenced by the amount of people that adopt the technology and creates a demand for the currency/commodity. The higher the adoption = higher price. https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da

Hope this will help you understand the evolution of the technology over time with adoption. ^smile^

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May 03, 2017, 05:29:18 AM
 #16

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?

I do not think that Bitcoin will be the future currency, Bitcoin might be the one that opened the age for decentralized digital currency but I am sure Bitcoin will always be an alternative if it stays as is and had not been replaced by more advance cryptocurrency.  The government won't accept it but rather create their own currency.
Rather than a mainstream functioning, bitcoin will continue to serve as the alternate currency for the local currency that's been used in different countries. Because bitcoin being a primary currency will affect the economy of the country when the usage of traditional fiat decreases.

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May 03, 2017, 05:48:29 AM
 #17

a lot of site that suported btc other many country accept btc for her business. so btc user day by day increase. as a result btc increase day by day.


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May 03, 2017, 06:21:54 AM
 #18

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?

There is no assurance but there is a big possibility that Bitcoin will be the future currency. Especially now that it's value is constantly increasing and it's becoming more and more popular in the world. Is is now widely accepted worldwide.
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May 03, 2017, 06:39:20 AM
 #19

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?

Its true that the increase in price that is being witnessed these days is a good omen for better things to come but at the same time, its not only the determining factor of whether the bitcoin is going to turn into currency of the future because the future of last five years is now and bitcoin is yet to be a global currency accepted as a medium of exchange just because there are several other factors that comes into play for a currency to become global and increase in its value is the least of such factors.
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May 03, 2017, 06:51:55 AM
 #20

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?


I hope that bitcoin will become the future virtual currency but I am sure that bitcoin IS actually the virtual currency of all the world. I don't know other cryptocurrency which have the spread and the use of bitcoin in nowadays. So why must be named the future virtual currency and not the today one's?
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