Bitcoin Forum
January 22, 2019, 11:46:59 AM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: what is the effect of bitcoin  (Read 371 times)
Babebottle
Member
**
Offline Offline

Activity: 112
Merit: 10


View Profile
November 24, 2017, 03:54:41 PM
 #21

A new way to keep your funds valuable, i think.
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.)
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1548157619
Hero Member
*
Offline Offline

Posts: 1548157619

View Profile Personal Message (Offline)

Ignore
1548157619
Reply with quote  #2

1548157619
Report to moderator
1548157619
Hero Member
*
Offline Offline

Posts: 1548157619

View Profile Personal Message (Offline)

Ignore
1548157619
Reply with quote  #2

1548157619
Report to moderator
1548157619
Hero Member
*
Offline Offline

Posts: 1548157619

View Profile Personal Message (Offline)

Ignore
1548157619
Reply with quote  #2

1548157619
Report to moderator
SamPo
Member
**
Offline Offline

Activity: 112
Merit: 10


View Profile
November 25, 2017, 02:23:22 AM
 #22

what is the effect of bitcoin in the society if they became mainstream and what it will cause?


Bitcoin's effect to the user is it helps the user to earn money even without job. It helo us to cover our needs in terms of finacial. Bitcoi. Is a big help specially to those who cannot find a permanent job. Or to those who has partime jobs so they can have an extra income.
billsted86
Full Member
***
Offline Offline

Activity: 199
Merit: 100



View Profile
November 25, 2017, 06:20:48 PM
 #23

Financial risk

Another risk associated with Bitcoin is the value of this very famous currency itself is very volatile. In early January 2013, for example, Bitcoin is priced at 13 US dollars per chip (1 BTC). That number rocketed to more than 1,100 dollars a chip in December of the same year, then trimmed to only half (about 500 US dollars), just hours after the ban on Bitcoin transactions in China.

This makes the value of Bitcoin owned to be unstable and become a problem for business people who use the virtual currency. The price of goods and the value of money paid can rise or fall sharply in a very short time so that potentially harm one of the parties involved in buying and selling.

Tiyo Triyanto from IBC said that one way to cope with price fluctuations is to use a Bitcoin financial service provider such as Artabit. "Purchasers, for example, pay the price of goods that have been determined in the form of Bitcoin to Artabit, the rest is handled by them so that the risk is not in the hands of the user."

Assuming no excessive fluctuations occur, Bitcoin offers its own advantages for businesses that market their products online because there is virtually no transaction fees for buyers and sellers. Likewise for the purposes of money transfers made easy and cheap compared to conventional currency.

Like any currency or commodity, hoarding or hoarding behavior also occurs with Bitcoin. In India and China, for example, the largest number of Bitcoin demand is derived from profitable speculators. There is no possibility that the price of Bitcoin can crash if a large number of virtual coins are removed at a time, especially with the current condition of Bitcoin which many called being bubble.
gabmen
Hero Member
*****
Offline Offline

Activity: 1036
Merit: 527

★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
November 26, 2017, 12:37:09 PM
 #24

what is the effect of bitcoin in the society if they became mainstream and what it will cause?

I think it's going to be the same as how the internet works for us now. During its early stages, the internet also had its own challenges, mostly from people who don't understand it. Once bitcoin is understood by everyone, we'll all benefit from it being used everywhere

jhamiaseo28
Newbie
*
Offline Offline

Activity: 72
Merit: 0


View Profile
November 26, 2017, 02:03:55 PM
 #25

bitcoin helps many people who has no chance to go to school to get a degree .find a good job and big salary.. with bitcoin you can earn a lot of money if you know to trade well.
ranz_18
Member
**
Offline Offline

Activity: 113
Merit: 13


View Profile
November 26, 2017, 04:18:27 PM
 #26

Bitcoin helps the economy to grow because it reduces the unemployment rate of the country.
September11Myth
Full Member
***
Offline Offline

Activity: 386
Merit: 106



View Profile
November 26, 2017, 08:52:56 PM
 #27

It Bitcoin becomes mainstream right now it will crash due to its insfufficient scalability. So perhaph some more scalable crypto currency would end up taking its place.

TWIST   ⧼   REVOLUTIONISING BLOCKCHAIN ACCESSIBILITY   ⧽   TWIST
║   twist.network   ║
        ANN  Twitter  |  WHITEPAPER  |  Discord  |  Medium
ivan_8d
Newbie
*
Offline Offline

Activity: 34
Merit: 0


View Profile
November 26, 2017, 09:01:52 PM
 #28

Bitcoin is changing the world. Economics will be ruined couse of blockchain technology
Temitope
Newbie
*
Offline Offline

Activity: 213
Merit: 0


View Profile
January 29, 2018, 01:27:15 PM
 #29

It engages unemployed youth
sjntax
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
January 29, 2018, 01:32:52 PM
 #30

what is the effect of bitcoin in the society if they became mainstream and what it will cause?

BTC will most likely result to less population of unemployment.  But because of it's fame, the economy will go down low because the blockchain technology will break them. It helps an individual grow financially, so there is actually 50-50 chance of winning and losing.
KorakPawon
Member
**
Offline Offline

Activity: 350
Merit: 11


View Profile
January 29, 2018, 02:38:28 PM
 #31

Bitcoin is more volatile (Bitcoin values ​​can rise and fall in a short space or time) than other currencies, and although Bitcoin's value is now more stable, Bitcoin is bound to experience many volatile moments in the future.
suyanico
Member
**
Offline Offline

Activity: 115
Merit: 10


View Profile
January 29, 2018, 04:12:12 PM
 #32

No doubt the bitcoin becomes the fever that sweeps the world with its soaring price from the beginning of its existence. The more enthusiasm for bitcoin the more demand for bitcoin with its limited availability allows higher bitcoin prices. The effect is bitcoin could be a good investment alternative.

PlayBets.io  •  Decentralized Platform with Mass Gambling Games  •  PlayBets.io
Closed Pre-Sale 22 December[JOIN NOW!]

▬▬▬▬▬▬▬▬▬▬ •  [FB]  ▬▬▬  [TW]  ▬▬▬  [TG]  ▬▬▬  [KC] • ▬▬▬▬▬▬▬▬▬▬
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Bitcointalk.org is not available or authorized for sale. Do not believe any fake listings.
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!