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parra5891
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September 15, 2017, 08:18:30 AM
 #1

Is Bitcoin nothing more than a bubble??

Did Jamie Dimon's opinion have merit when he proposed that Bitcoin was doomed to fail? That all it's value was due to speculation and therefore a bubble, destined to pop, because relative to it's apparent value, few people actually use it to make transactions on goods. 

If Bitcoin was to become truly mainstream and gain traction in the everyday market place, governments would not allow it. That they would shut it down or introduce such measures as to make the currency unworkable for the majority. Dimon said that it is far more likely that the establishment would use the idea and technology of digital currency block chain to enhance its own FIAT currency, than to allow an uncontrolled and decentralized currency usurp it's financial power and authority of markets and it's people!!

I know which side of the argument I will be supporting, but what are your thoughts on where you truly believe and expect the future of the Bitcoin to lie?

Cheers

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September 15, 2017, 09:47:28 AM
 #2

Do not listen to any high profile banker talking about things they do not know about. The future of Bitcoin is still bright as a decentralized, censorship resistant payment system. The technology is still a "breakthrough" in case you have forgotten.

The price of course will fluctuate and Bitcoin is well known for its volatility, we already witnessed this many times. What changed? Nothing.


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September 15, 2017, 10:00:33 AM
 #3

Bankers is mafia. They afraid bitcoin like hell!
All we need in crytpoworld - is to build decentralised exchanges! So nobody can close them!

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SamboNZ
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September 15, 2017, 10:09:25 AM
 #4

Do not listen to any high profile banker talking about things they do not know about. The future of Bitcoin is still bright as a decentralized, censorship resistant payment system. The technology is still a "breakthrough" in case you have forgotten.

The price of course will fluctuate and Bitcoin is well known for its volatility, we already witnessed this many times. What changed? Nothing.

I would listen to them because when they FUD there is money to be made. This is the opportunity some of us have been waiting

some will lose, some will win.

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September 15, 2017, 10:16:45 AM
 #5

Bankers is mafia.

So are bitcoin miners and they control the coin.    Wink
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September 16, 2017, 03:25:50 AM
 #6

Do not listen to any high profile banker talking about things they do not know about. The future of Bitcoin is still bright as a decentralized, censorship resistant payment system. The technology is still a "breakthrough" in case you have forgotten.

The price of course will fluctuate and Bitcoin is well known for its volatility, we already witnessed this many times. What changed? Nothing.

I have not forgotten, but like the internet, it can be censored quite considerably if those in power so wish it.  As for decentralization, the currency itself maybe, but those who provide us with the exchanges and wallets are the gatekeepers, and they can and will dictate and charge what they wish. 

Don't get me wrong, I love Bitcoin, what it represents and the benefits it can bring, but sooner or later people with power will want to put a leash on teach it to obey.
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September 16, 2017, 03:43:11 AM
 #7

Do not listen to any high profile banker talking about things they do not know about. The future of Bitcoin is still bright as a decentralized, censorship resistant payment system. The technology is still a "breakthrough" in case you have forgotten.

The price of course will fluctuate and Bitcoin is well known for its volatility, we already witnessed this many times. What changed? Nothing.

Jamie Dimon is saying something like that when in fact he said it himself that his daughter has bitcoins. As far as I know, he filed for bitcoin alternative many times to be patented but to no avail as SEC rejected it always so he will just say something to the enemy which is bitcoin to discredit it. He is a banker and since bitcoin is a threat to them, he will do anything just to make people believe that it would be worthless in the future so that money will continue to flow to their business.

Bitcoin is a deflationary system and this might solved the current problem of the world which is inflation. Due to its limited supply, it will continue to rise if there is always an additional demand to the coin. Blockchain is a breakthrough to the old technology and because of bitcoin which started it all, many coins follow suit in creating a technology that can solved the problem in delayed information, manipulation and other things that would be solved if the system is transparent.


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September 16, 2017, 04:05:25 AM
 #8

Bankers is mafia.

So are bitcoin miners and they control the coin.    Wink


Miners do have power and control over bitcoin to a certain extent, but the point is that it isn't just one single entity. The pools are diversified into multiple entities, which is good in terms of decentralization. https://blockchain.info/pools

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September 16, 2017, 05:41:27 AM
 #9

Do not listen to any high profile banker talking about things they do not know about. The future of Bitcoin is still bright as a decentralized, censorship resistant payment system. The technology is still a "breakthrough" in case you have forgotten.
The price of course will fluctuate and Bitcoin is well known for its volatility, we already witnessed this many times. What changed? Nothing.

What can we expect? Of course, since Bitcoin is supposed to be a disruptor there would always be people who will not like it, criticize it and call it by many names. The fact that there seems to be a trend of people right now saying whatever they want to say against Bitcoin can mean that the currency is now affecting as many people as possible. Now, it would be so naive to think the people to be affected will not put up a fight.

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September 16, 2017, 02:13:39 PM
 #10

Bankers is mafia. They afraid bitcoin like hell!
All we need in crytpoworld - is to build decentralised exchanges! So nobody can close them!

Decentralized exchange is local bitcoins. I see at least in my country number of people using them decrease in last years.  Centralized exchanges, ATMs or "prepaid BTC coupons" taking it over.

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September 16, 2017, 05:55:08 PM
 #11

Bankers is mafia. They afraid bitcoin like hell!
All we need in crytpoworld - is to build decentralised exchanges! So nobody can close them!

Decentralized exchange is local bitcoins. I see at least in my country number of people using them decrease in last years.  Centralized exchanges, ATMs or "prepaid BTC coupons" taking it over.

You have not heard of Bitsquare? https://bisq.network/

It is a decentralized exchange but what I have not figured out is, how does it store fiat? Who holds them and are they to be trusted?

I am not using it now, but it may be where everyone is going if the bans on exchanges continue in other countries.


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September 17, 2017, 12:09:54 PM
 #12

I doubt it will be a legalized especially the central are handling the overall transaction of banks in every country, I think government will hinder the uprise of bitcoin

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September 17, 2017, 03:38:02 PM
 #13

I doubt it will be a legalized especially the central are handling the overall transaction of banks in every country, I think government will hinder the uprise of bitcoin

Yes, the government will try to ban bitcoins and make it illegal. But this will not stop the development of the crypto currency. This process can not be stopped - the crypto currency conquers the world

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September 17, 2017, 06:11:01 PM
 #14

I hope that the future of bitcoin is unbelievable and it prices achieve the high level then the other cryptocurrency so bitcoin future is better and make the more profit so people should invest in bitcoin and become millionaire.

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September 17, 2017, 08:53:34 PM
 #15

Is Bitcoin nothing more than a bubble??

If Bitcoin was to become truly mainstream and gain traction in the everyday market place, governments would not allow it. That they would shut it down or introduce such measures as to make the currency unworkable for the majority. Dimon said that it is far more likely that the establishment would use the idea and technology of digital currency block chain to enhance its own FIAT currency, than to allow an uncontrolled and decentralized currency usurp it's financial power and authority of markets and it's people!!

I know which side of the argument I will be supporting, but what are your thoughts on where you truly believe and expect the future of the Bitcoin to lie?

Cheers


Bitcoin is not just a bubble that's what I think for now and if it truly became mainstream and have gained attraction in the future, for sure what Dimon said might happen but there is a chance that this will not happen. In the future though even if government did made digital currency to enhance their fiat currencies, people would still opt to use bitcoin for it's decentralization rather than the centralized currency made by them. I only hope that by that time a way to crack private keys has not been discovered yet.

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September 18, 2017, 03:07:29 AM
 #16

I doubt it will be a legalized especially the central are handling the overall transaction of banks in every country, I think government will hinder the uprise of bitcoin
It is not possible if the government have a steps towards bitcoin or any cryptocurrencies that can be legalized. We know that bitcoin community will opposed with that but it is a process. And if the government will declared it publicly there is nothing we can do with that is just to follow. Anyway, we can also benefits with this and the entire community.

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September 18, 2017, 04:29:59 AM
 #17

Is Bitcoin nothing more than a bubble??

If Bitcoin was to become truly mainstream and gain traction in the everyday market place, governments would not allow it. That they would shut it down or introduce such measures as to make the currency unworkable for the majority. Dimon said that it is far more likely that the establishment would use the idea and technology of digital currency block chain to enhance its own FIAT currency, than to allow an uncontrolled and decentralized currency usurp it's financial power and authority of markets and it's people!!

I know which side of the argument I will be supporting, but what are your thoughts on where you truly believe and expect the future of the Bitcoin to lie?

Cheers


Bitcoin is not just a bubble that's what I think for now and if it truly became mainstream and have gained attraction in the future, for sure what Dimon said might happen but there is a chance that this will not happen. In the future though even if government did made digital currency to enhance their fiat currencies, people would still opt to use bitcoin for it's decentralization rather than the centralized currency made by them. I only hope that by that time a way to crack private keys has not been discovered yet.
Well Jamie Dimon, he lied to all about the bitcoin I have no believe in his statements they are just to be put into trash. If e was serious about his statement his company would have never purchased a huge bulk of bitcoin notes. He is a whale and stated this all to manipulate the market and he did it.
While people liking and using bitcoin is not only for the reason that it is a digital currency but for the reason that it is a decentralized currency. If countries follow a blockchain and digital path for the fiat people will still prefer bitcoin instead of digital fiat. Bitcoin represents the power and interest of the people worldwide while fiat represents a specific country and its interest. I am confident that my first choice will be non other than Bitcoin.

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September 18, 2017, 09:04:45 AM
 #18

I'm sure that soon bitcoin will show us an excellent price. Now the price is growing and most likely this will continue for several weeks. The price will again reach 5000, and then go up


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September 18, 2017, 09:30:34 PM
 #19

 I think Future of bitcoin is very very bright. Their are so many online hidden currency but among them bitcoin is most famous and trustable hidden currency. Bitcoin is gradually spread all over the world. Most of teenagers, housewives using bitcoin as a part time job.
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September 18, 2017, 09:46:58 PM
 #20

Some people ane even experts are saying bitcoin is a babble. But actually I don't care sbout the pop so much, cause of I don't plan to hold those coins. I don't want to leave with fear about that one moment everything is going to be over, so I plan to cash out all my earnings monthly to feel safe.

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