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Author Topic: Future of bitcoins  (Read 4016 times)
musharaf
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October 29, 2017, 08:03:04 AM
 #101

bitcoin is idealist currency and it has a bright future and many of us are ready to invest in this bitcoin the precious currency of the world many countries allowed bitcoin to use for a payment option everywhere many shopping centres are accepting the bitcoin and just like this many other industries are allowing bitcoin in the world which means that it is reliable  and acceptable everywhere have a good future.

According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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Bukx
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October 29, 2017, 08:08:44 AM
 #102

In future will the banks be able to exchange bitcoins?
Now we are exchanging from traders...but when (if) the popularity of bitcoin increase a lot then the traders will not be able to exchange such amount of bitcoins...so what about the future of bitcoin?
I am not pretty sure if the bank can exchange bitcoin in other country. But in my country, its nearly impossible. Since my government is taking a part to give warning to people to dont use bitcoin since its high volatile.
Cointertrade
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October 29, 2017, 08:14:10 AM
 #103

In future will the banks be able to exchange bitcoins?
Now we are exchanging from traders...but when (if) the popularity of bitcoin increase a lot then the traders will not be able to exchange such amount of bitcoins...so what about the future of bitcoin?
Bitcoin now is really the strongest cryptocurrency because ot its unstoppable price. So i think the future of bitcoin is really great and it will be accepted by every government as a means of payment. But it takes a very long long time to make it happen but i strongly believe that this would be the future of bitcoin.


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October 29, 2017, 09:36:21 AM
 #104


      Most of the people says that the future of Bitcoin will be bright.
Bitcoin as a protocol will evolve .As more and more larger corporation start offering Bitcoin as a payment alternative,many companies waiting in the shadow will jump to this chain reaction and this is the trigger for the survival of Bitcoin. Bitcoin really shines at the time when more vendors choose to leave revenue in BTC, pending their purchases from suppliers, shareholders payouts, or simply as retained savings. Bitcoin transactions allow anonymity which made it popular with people who want to keep their financial activity and their identities private.Bitcoin is likely to rebound.
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October 29, 2017, 09:43:44 AM
 #105

I don't think banks would be providing any such services like exchanging btc to fiat or any other cryptocurrency in the future, I don't think banks would act as exchanges if that's what you meant op. I don't even think that exchange big amount of bitcoins is any problem, it's something being done already in and by major exchanges. All I think banks would do is to have their own digital currency backed and supported by the government. So banks would be making use of blockchain technology but it's not necessary that they would be exchanging or dealing in bitcoins.

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Sadlife
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October 29, 2017, 09:45:53 AM
 #106

I think that depends if a country accepts it or not if they legalized bitcoin than you'll be able to convert it into your fiat currency and use it in any means of payment. If one country decides to adapt it then you'll be able to convert it but if they dont then you just have to use bitcoin in online stores that accepts bitcoin to buy. Bitcoin has a long way to go but lets be patient as it slowly be a mainstream currency.

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MAJICOIN
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October 29, 2017, 09:51:49 AM
 #107

We can say that is good but to predict about a crypto currency and for a long period of time I think it is difficult to say that it future will be bright or dark but the simple thing is to take the advantage foe now and then look for the future. For bitcoin I will personally say’s that it is good for the future.

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Meycell
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October 29, 2017, 09:56:30 AM
 #108

In future will the banks be able to exchange bitcoins?
Now we are exchanging from traders...but when (if) the popularity of bitcoin increase a lot then the traders will not be able to exchange such amount of bitcoins...so what about the future of bitcoin?
maybe if people believe in bitcoin and can accept bitcoin then goverment make legal bitcoin in the country
i think bitcoin can use all people in the world like fiat money its mean bank can accept bitcoin too
Raven91
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October 29, 2017, 09:59:57 AM
 #109

I can say that the future of bitcoin will be a fruitfull and very good because as of now bitcoin is very successful, bitcoin in january is averaging 50thousand pesos in the philippines and thatis very small amount but when the march comes it grows very fast and increasing rapidly, and it is very unusual to a crypto and now in the Philippines it averages a total of 300thousand per bitcoin and imagine how big is that.
Ashutosh_Tiwari
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October 29, 2017, 10:05:53 AM
 #110

I think future of bitcoin BTC is bright if the value of BTC will remain increasing but in future if government  take over it or introduce a new cryptocoin then it's future is in dark.⚡
Shreek
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October 29, 2017, 10:34:37 AM
 #111

I see that nowadays all countries are doing the regulation to legalize bitcoin. so there is hope in the future each bank will be able to accept bitcoin, even I read there will be bitcoin ATM, as it currently exists in the country spain.

majeed
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October 29, 2017, 11:06:19 AM
 #112

In future will the banks be able to exchange bitcoins?
Now we are exchanging from traders...but when (if) the popularity of bitcoin increase a lot then the traders will not be able to exchange such amount of bitcoins...so what about the future of bitcoin?
I am not pretty sure if the bank can exchange bitcoin in other country. But in my country, its nearly impossible. Since my government is taking a part to give warning to people to dont use bitcoin since its high volatile.
There is a popular university in my country has accepted their students use Bitcoin to pay school fee, it has become a great step in the history of Bitcoin in my country. It has brought trusts to many people in the world. Soon, Bitcoin will be legal in all country in the world.
BitcoinBallerina
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October 29, 2017, 12:43:47 PM
 #113

The future of Bitcoin has never looked better. So much FUD is being thrown at it, regulations from authorities, negativity from bankers and MSM, etc yet it still keeps chugging up.

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October 29, 2017, 01:13:03 PM
 #114

I think the future of bitcoin will continue to increase over time and become more popular.
Now the price of 1 BTC = 5794.02 USD could be the upcoming price of 1 BTC will increase greater than the current amount.
and I pray that the future of bitcoin will also be the future for many people in the world.

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October 29, 2017, 01:33:05 PM
 #115

I don't think banks would be providing any such services like exchanging btc to fiat or any other cryptocurrency in the future, I don't think banks would act as exchanges if that's what you meant op. I don't even think that exchange big amount of bitcoins is any problem, it's something being done already in and by major exchanges. All I think banks would do is to have their own digital currency backed and supported by the government. So banks would be making use of blockchain technology but it's not necessary that they would be exchanging or dealing in bitcoins.

If they would choose to work with a crypto created by the government or the central bank it will mean they are just using a different type of fiat, not cash not digital but crypto fiat.
And that would not be their "own" currency as it would be issued by the central bank, the op is talking about private banks. And those banks don;t print their own money.

I doubt once regulation are put in place banks won't provide at least the service of exchanging bitcoins (I don;t see banks troubling themselves with 4000 altcoins)  into whatever currency is legal in that country.
We might even have an official daily exchange rate which might get rid of all the volatility in the future.
Anybody that thinks banks are not keeping the pace with changes in the human society and improvements in technology should really do a reality check.

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Shenzou
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October 29, 2017, 01:40:28 PM
 #116

I don't think banks would be providing any such services like exchanging btc to fiat or any other cryptocurrency in the future, I don't think banks would act as exchanges if that's what you meant op. I don't even think that exchange big amount of bitcoins is any problem, it's something being done already in and by major exchanges. All I think banks would do is to have their own digital currency backed and supported by the government. So banks would be making use of blockchain technology but it's not necessary that they would be exchanging or dealing in bitcoins.

If they would choose to work with a crypto created by the government or the central bank it will mean they are just using a different type of fiat, not cash not digital but crypto fiat.
And that would not be their "own" currency as it would be issued by the central bank, the op is talking about private banks. And those banks don;t print their own money.

I doubt once regulation are put in place banks won't provide at least the service of exchanging bitcoins (I don;t see banks troubling themselves with 4000 altcoins)  into whatever currency is legal in that country.
We might even have an official daily exchange rate which might get rid of all the volatility in the future.
Anybody that thinks banks are not keeping the pace with changes in the human society and improvements in technology should really do a reality check.
I agree, plus the whole purpouse of using cryptocurrency is to be your own bank, to be able to use the money you make freely and without taxes or limitations, and without being controlled by the goverments, and that is what made them popular in the first place because they are not issued by  one bank or goverment the poeple are the ones who mine it and the pople are the ones who use it, and that is why bitcoin makes us feel powerfull and in controll, and banks adapting bitcoin won't change anything, the inly way i can see it working is if they make exchanging bitcoin to fiat availabe for the ones who want to do that, other than that poeple would still rather wallets on putting it in the banks.
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October 29, 2017, 01:41:29 PM
 #117

It all depends on your country's regulations, if indeed the rules / laws states can exchange bitcoin in the bank. If I see bitcoin growing, sooner or later in the future bitcoin can be used all over the world.
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October 29, 2017, 01:48:19 PM
 #118

In future will the banks be able to exchange bitcoins?
Now we are exchanging from traders...but when (if) the popularity of bitcoin increase a lot then the traders will not be able to exchange such amount of bitcoins...so what about the future of bitcoin?
Over the last few years one of the most pronounced news in the financial world is the tremendous growth of Bitcoin prices. For many people it's hard to imagine how something worth a few bucks will skyrocket for just three years? At that time people began to think that maybe Bitcoin got a big future and they were right.
Unfortunately, it is difficult to predict the value of Bitcoin because it really depends on the demand on the market. But the reality is that as long as it should be regarded as childhood cryptocurrency. And this is reason quite reasonable for high volatility. digital currency will be more stable.
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October 29, 2017, 01:56:12 PM
 #119

In future will the banks be able to exchange bitcoins?
Now we are exchanging from traders...but when (if) the popularity of bitcoin increase a lot then the traders will not be able to exchange such amount of bitcoins...so what about the future of bitcoin?
The future of the bitcoin I believe is very good. Because just now bitcoin is so vey successful and bitcoin is already used by so many people. Bitcoin in the future would be successful , will be known and will also be used by so many people. Bitcoin I believe will help so many people in the future.
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October 29, 2017, 03:19:26 PM
 #120

In future will the banks be able to exchange bitcoins?
Now we are exchanging from traders...but when (if) the popularity of bitcoin increase a lot then the traders will not be able to exchange such amount of bitcoins...so what about the future of bitcoin?

hopefully in the future the bank can be used for the exchange of bitcoin. will definitely happen if the popularity of bitcoin continues to increase. we also don't know how it will be about bitcoin. but in my opinion, bitcoin will continue to be famous in the world of currency. and simplify the payment process between countries.
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