MoonJeina
Sr. Member
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Activity: 652
Merit: 250
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October 27, 2017, 03:13:02 PM |
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According to me , nothing is too big to fail . The ups and downs comes with everything . Nowadays bitcoin market value is touching the sky but it can also take a dip sooner or later . What if all the governments ban bitcoin ? Then will it be too big to fail ? So , many factors are there which decides that what will be the future value of bitcoin . Making such predictions is waste of time . One just needs to go with the flow.
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SupportBitcoin (OP)
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October 28, 2017, 06:54:21 PM |
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I see a lot of positive news too about Bitcoin over the negative Still, most of the naysayers are corporate CEOs and people on Wall Street. I think a majority of them are worried about Bitcoin becoming bigger than their companies. Major example: Jamie Dimon with JP Morgan. What do you guys think?
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wallstone
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October 28, 2017, 07:25:44 PM |
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After spending much time as a guest on this forum learning all I can about Bitcoin, I finally decided to join. Glad to be here and thanks for all the great advice along the way!
Now I have a question I'd like to ask. Is Bitcoin going to get to the point where it is too big to fail? The government bailed out Wall Street to avoid a financial collapse. Can Bitcoin gain the same status as Wall Street? The market cap is steadily increasing making it a big player in the game and I'm looking forward to where it is headed.
Thanks in advance!
To fail what? To fall down where its value becomes insignificant? Never. Bitcoin had been part of the online market and and is quiet impossible that everything will turn to rubble. Bitcoin had already lead us to our golden age. This investment kickstarted other people to grab the oppurtunity. There are risks of course, but I think it will overcome in the long run.
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bitorama
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October 28, 2017, 07:30:02 PM |
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I don't think bitcoin is too big now, many global companies are bigger
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s31joemhar
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October 28, 2017, 07:33:21 PM |
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we dont know what will be happen in the future and what will happen in bitcoin tomorrow if bitcoin will grow then expect bitcoin will fall down too ... thats a life of bitcoin
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chichan13
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October 28, 2017, 07:34:14 PM |
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After spending much time as a guest on this forum learning all I can about Bitcoin, I finally decided to join. Glad to be here and thanks for all the great advice along the way!
Now I have a question I'd like to ask. Is Bitcoin going to get to the point where it is too big to fail? The government bailed out Wall Street to avoid a financial collapse. Can Bitcoin gain the same status as Wall Street? The market cap is steadily increasing making it a big player in the game and I'm looking forward to where it is headed.
Thanks in advance!
Bitcoin right is experiencing ups and downs in the market but I believe that one day it will be unstoppable that even the government's ban it do a little effect on it because people will prefer to use crypto currency that fiat. Whatever happens to the banks will be dependent to their actions now if they would adapt cryptocurrency.
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cabron
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October 28, 2017, 07:37:27 PM |
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Its not just about how big bitcoin is in terms of price but I think its about how big the community is that makes it valuable. Just like ETH, its too big to fail now when blockchain already proved to be be of the best technology in our time. Its too big that even banks now are into bitcoin already
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Theb
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October 28, 2017, 07:39:14 PM |
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What are you even talking about wall street being bailed out by the U.S A. from what I know even a financial collapse is not enough to stop the operations of wall street as it is handling a lot of stocks of companies not even affected by the financial collapse. All of the stocks of the companies are protected by law the best thing they can do is to stop its trading for a temporary period which also has a especial reason required like terrorism in order for them to stop the trading of their market.
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rudox
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October 28, 2017, 07:43:17 PM |
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Bicoin is a decentralized coins. It is free from the control of any force but the market. Only strong negative market sentiments that may shake the bitcoins.
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StockBet.com
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October 28, 2017, 07:50:40 PM |
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For each government, their citizens represent a minority of the owners of Bitcoin.
No government is going to bail out foreigners this way.
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Trofo
Legendary
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Merit: 2676
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October 28, 2017, 07:59:34 PM |
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I'll just quote a saying I always remember in situations like this: "The higher you fly, the harder you fall". That being said I believe Bitcoin will fly even higher in close future (few years)
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gamerfan
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October 28, 2017, 08:23:15 PM |
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After spending much time as a guest on this forum learning all I can about Bitcoin, I finally decided to join. Glad to be here and thanks for all the great advice along the way!
Now I have a question I'd like to ask. Is Bitcoin going to get to the point where it is too big to fail? The government bailed out Wall Street to avoid a financial collapse. Can Bitcoin gain the same status as Wall Street? The market cap is steadily increasing making it a big player in the game and I'm looking forward to where it is headed.
Thanks in advance!
Yes and no. Let me be more clear. 1. Anyone and anything can fail. The British Empire, the Roman Empire, Kings and Queen, Dictators, Banks, Governements, Big Companies, no one is safe and any one can fail. 2. But, at the same time, I understand your point of view. Sooner or later, governments and banks will start a war against Bitcoin. But, if rich people like Bill Gates or Mark Zuckerberg invest in Bitcoin, they have huge power and are able to influence governments, which - to not damage such rich people - will be afraid to fight Bitcoin.
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setifien19
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October 28, 2017, 08:34:57 PM |
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Well, the term of bigness is relative, what we think is big , may not be . Because some times, what seems to be so strong ,can easily fall down. I am not saying bitcoin is weak , but we should first reffer to some criteria and measures.
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South Park
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October 28, 2017, 09:41:23 PM |
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After spending much time as a guest on this forum learning all I can about Bitcoin, I finally decided to join. Glad to be here and thanks for all the great advice along the way!
Now I have a question I'd like to ask. Is Bitcoin going to get to the point where it is too big to fail? The government bailed out Wall Street to avoid a financial collapse. Can Bitcoin gain the same status as Wall Street? The market cap is steadily increasing making it a big player in the game and I'm looking forward to where it is headed.
Thanks in advance!
Bitcoin is going to become huge, however bitcoin is never going to become too big to fail, bitcoin is never going to require being rescued by a central bank, while bitcoin allow us to be our bank, bitcoin is not a bank, bitcoin is a currency, and it does not need any kind of protection from a central authority.
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SupportBitcoin (OP)
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October 30, 2017, 03:15:09 AM |
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After spending much time as a guest on this forum learning all I can about Bitcoin, I finally decided to join. Glad to be here and thanks for all the great advice along the way!
Now I have a question I'd like to ask. Is Bitcoin going to get to the point where it is too big to fail? The government bailed out Wall Street to avoid a financial collapse. Can Bitcoin gain the same status as Wall Street? The market cap is steadily increasing making it a big player in the game and I'm looking forward to where it is headed.
Thanks in advance!
Yes and no. Let me be more clear. 1. Anyone and anything can fail. The British Empire, the Roman Empire, Kings and Queen, Dictators, Banks, Governements, Big Companies, no one is safe and any one can fail. 2. But, at the same time, I understand your point of view. Sooner or later, governments and banks will start a war against Bitcoin. But, if rich people like Bill Gates or Mark Zuckerberg invest in Bitcoin, they have huge power and are able to influence governments, which - to not damage such rich people - will be afraid to fight Bitcoin. That is very true. You do have some naysayers in the corporate world but I think it is mostly due to lack of understanding and afraid it will take over leaving them behind so they would rather attack it than get on board. Bill Gates and Mark Zuckerberg are good examples of the future of Bitcoin. You are right, they have the money power and influence to keep it afloat.
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Bennie1089
Jr. Member
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Activity: 42
Merit: 10
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October 30, 2017, 04:01:49 AM |
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For that to happen, Bitcoin need to be recognized by Banks, however at this moment, lots of banks are trying to ban it from transaction and payment. On the other hand, many altcoins are being backed up by independent financial institutions. In my opinion Bitcoin will never fail, not because of being big but eventually all governments & state banks must accept it
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Hell-raiser
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October 30, 2017, 01:40:28 PM |
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2. But, at the same time, I understand your point of view. Sooner or later, governments and banks will start a war against Bitcoin. But, if rich people like Bill Gates or Mark Zuckerberg invest in Bitcoin, they have huge power and are able to influence governments, which - to not damage such rich people - will be afraid to fight Bitcoin.
We have yet to see anyone of these supperich people like Buffett, Zuckerberg or Gates invest in Bitcoin. Why are they not investing in it already? Maybe, because they are afraid that the government will make them suffer for their interest in Bitcoin? On the other hand, I don't think that the people you mentioned can really affect the government decisions. They are very rich, but this is just the tip of the iceberg, and people which can in fact influence the decisions may prefer not to be in the public eye at all. And we may never hear of them.
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ir.yance
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October 30, 2017, 02:38:20 PM |
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After spending much time as a guest on this forum learning all I can about Bitcoin, I finally decided to join. Glad to be here and thanks for all the great advice along the way!
Now I have a question I'd like to ask. Is Bitcoin going to get to the point where it is too big to fail? The government bailed out Wall Street to avoid a financial collapse. Can Bitcoin gain the same status as Wall Street? The market cap is steadily increasing making it a big player in the game and I'm looking forward to where it is headed.
Thanks in advance!
nothing is too big a failure, because bitcoin also has phase stage where there is failure and there is also success so I also think so
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South Park
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October 30, 2017, 08:37:28 PM |
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I don't think bitcoin is too big now, many global companies are bigger
But bitcoin is still a kid compared to most of those companies, and it still has a lot of room to grow, more room than any other company after all we all need money to survive in civilization while not everyone needs a car or expensive furniture so the potential market for bitcoin is way bigger and that is why it is going to keep growing in the near future.
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SupportBitcoin (OP)
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October 31, 2017, 02:13:54 AM |
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For that to happen, Bitcoin need to be recognized by Banks, however at this moment, lots of banks are trying to ban it from transaction and payment. On the other hand, many altcoins are being backed up by independent financial institutions. In my opinion Bitcoin will never fail, not because of being big but eventually all governments & state banks must accept it
Banks will eventually accept it. I see it already happening albeit very slowly. I think most corporations are scared to be the first ones to invest. It only takes one to take the risk! Are there any altcoins currently supported by any banking institutions?
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