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Author Topic: Bitcoin and Future of Economy!  (Read 2339 times)
yatogami
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August 23, 2018, 02:15:53 PM
 #381

Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
No, it can't be, since all economic activities should be strictly regulated in order to avoid abusion by the market players of the rights of all other players.
Bitcoin and cryptocurrencies in general do not provide that centralized instrument of control - their intended use is exactly the opposite (deregulation and freedom of business and finance).

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August 23, 2018, 02:20:52 PM
 #382

Bitcoin will greatly impart the future of the global economy. It will come to a time where every business particularly online stores will prefer Bitcoin payment to fiat.

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August 23, 2018, 05:33:54 PM
 #383

I would like to see what will happen in a few years, and maybe even dozens of years Personally, I'm sure that the future is behind the crypto currency. Smiley Smiley
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September 13, 2018, 09:08:38 AM
 #384

Do you mean being the main currency for a particular country or being a currency that will be used by the world and bringing and end to other currencies? I am not getting your point here, but neither of these two that I mentioned will work. Bitcoin is as it is and will continue to be used for the purpose for which it was made.
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September 15, 2018, 12:12:20 AM
 #385

Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?

If many government regulate bitcoin as payment, i think bitcoin can be international currency. People will use bitcoin for his/her travel because accepted in any merchant and its more secure and save than carrying fiat money. Most merchant afraid accepting bitcoin as payment because government not regulate it yet, and if government regulating bitcoin, i am believe bitcoin very useful

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September 17, 2018, 12:00:09 PM
 #386

Its possible but it make take decades before it happen. Bitcoin may increase its value but it will have a hard time to get in the main market around the world. Maybe the whole cryptocurrency can be a good alternaternative for a fiat money but it will never be the main currency I think. Our government will always find ways to protect fiat money, but a least cryptocurrency will be accepted around the world in the future.
Yes that's right. Bitcoin is very good and a big  help for our future. It will also lower the rate of poor people in this world. It can also rise our economy.
In my opinion the future of economy will depend upon cryptocurrency in the future. In the future the whole world will use only bitcoin for their general use and all other currencies will disappear from the market. When we have one usable currency all over the world, buying, purchasing and trading will be easy and the money circulation will never stop. It is the growth of economy.
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September 17, 2018, 03:16:45 PM
 #387

Eventually, the monetary form we know, will diminish. Just as letter writing and post cards have diminished to make way for email.
Same will hold true for transition from physical money to electronic money to digital money (crypto-money). Money will eventually move completely onto the electronic, protocol-based rails. Amongst us, there exists a generation that was born with paper money and saw a gradual shift to electronic money. It is this very generation that will have a hard time understanding (or accepting) the possibility that decentralized currencies will eventually make way and rule the economic seas. It's just a matter of time.
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September 21, 2018, 06:48:19 AM
 #388

Its possible but it make take decades before it happen. Bitcoin may increase its value but it will have a hard time to get in the main market around the world. Maybe the whole cryptocurrency can be a good alternaternative for a fiat money but it will never be the main currency I think. Our government will always find ways to protect fiat money, but a least cryptocurrency will be accepted around the world in the future.
Yes that's right. Bitcoin is very good and a big  help for our future. It will also lower the rate of poor people in this world. It can also rise our economy.
The future economy of a country not only depends permanently with an action but country is required to look into everything with the passage of time as it has to take care in different occasions.

In case of crypto currencies, it is useful to use it for trade and as investment source as well as payment mode which will be more interesting if a country proceed for it like recently Germany also did it not only as investment source but payment mode is also available in their country.

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September 22, 2018, 04:49:40 PM
 #389

Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?


I think there will be a long debate about the bitcoin as world currency.  But I can say that bitcoin will be widely known by many people all over the world. Economy will be more progressive as the bitcoin will become more progressive



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September 22, 2018, 06:51:01 PM
 #390

I don't think it can. Maybe in a long time from now digital currency may become the main currency in the world but BTC will be kind of outdated by then.

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September 22, 2018, 07:34:25 PM
 #391

For me BTC is the most futuristic thing we can interact with for today, also it has enormous potential to affect future economy and it will do that for sure.

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September 25, 2018, 12:11:43 PM
 #392

Its possible but it make take decades before it happen. Bitcoin may increase its value but it will have a hard time to get in the main market around the world. Maybe the whole cryptocurrency can be a good alternaternative for a fiat money but it will never be the main currency I think. Our government will always find ways to protect fiat money, but a least cryptocurrency will be accepted around the world in the future.
Yes that's right. Bitcoin is very good and a big  help for our future. It will also lower the rate of poor people in this world. It can also rise our economy.
poor people that have any knowledge about cryptocurreny could earn money from any ways.maybe if they have no capital, they could joining at bounty campaign so they got reward after done with the task.

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September 25, 2018, 12:24:23 PM
 #393

I think bitcoin in the future will make the world economy better and can provide very many benefits for those who own and use bitcoin for one of the payments because it will make transactions easier, more convenient and safer. I believe currencies like bitcoin will dominate the economy in the future.
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September 25, 2018, 12:43:54 PM
 #394

I would like to see what will happen in a few years, and maybe even dozens of years Personally, I'm sure that the future is behind the crypto currency. Smiley Smiley

With patiently we know how potential the Bitcoin future going to be, we have seen many downfalls from 2010. Last year is the best year for the Bitcoin because the price of Bitcoin reached to ATH in the market and makes many companies and governments shocked by seeing the price.
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September 25, 2018, 01:15:21 PM
 #395

I would like to see what will happen in a few years, and maybe even dozens of years Personally, I'm sure that the future is behind the crypto currency. Smiley Smiley

With patiently we know how potential the Bitcoin future going to be, we have seen many downfalls from 2010. Last year is the best year for the Bitcoin because the price of Bitcoin reached to ATH in the market and makes many companies and governments shocked by seeing the price.

I think Bitcoin walking in the circle. And some years looks like the others. And we can see new jumping in 2-3 years. My all hope is on it now.

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September 25, 2018, 01:57:37 PM
 #396

someday bitcoin will be an irreplaceable future, even though now bitcoin is falling in price but one day the value of bitcoin will increase again and can generate many benefits so that it can drive a better economy.
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September 25, 2018, 02:16:23 PM
 #397

Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?

Why does some government don't like it?
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September 25, 2018, 02:26:00 PM
 #398

Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
It really seems a vague issue. For bitcoin cannot become a global currency unless there is universal acceptance for it. As of now, of we go by the current status of the bitcoin, we find that bitcoin is more of a source of investment and an asset for the people instead of being used as a medium of exchange or better say currency. Anyhow if bitcoin is universally adopted for the furtherance of the global economy then it will modernize the way things are done and will imbibe many positive changes that are required as of now. It is a decentralized mechanism, so there is more transparency and autonomous operations that will make transactions work in a better manner.
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September 25, 2018, 02:45:03 PM
 #399

I would like to see what will happen in a few years, and maybe even dozens of years Personally, I'm sure that the future is behind the crypto currency. Smiley Smiley

With patiently we know how potential the Bitcoin future going to be, we have seen many downfalls from 2010. Last year is the best year for the Bitcoin because the price of Bitcoin reached to ATH in the market and makes many companies and governments shocked by seeing the price.

I think Bitcoin walking in the circle. And some years looks like the others. And we can see new jumping in 2-3 years. My all hope is on it now.
I also hope like that, but I think that next year will be a very good year for the development of bitcoin prices. I feel that the world will try to use blockchain for economic development, and will have an effect on the price of bitcoin in the future.

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September 25, 2018, 03:25:44 PM
 #400

With the speed of modern technology development, resulting in many changes in the market and the creation of BTC. BTC is one of the hot currencies in the world, it has created the trust of business and attracted the number of investors, companies in the world. In the future it will grow even further, assuming that governments around the world will legitimize it and that it will be available on all exchanges.

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