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Author Topic: Bitcoin will be the future of money  (Read 833 times)
Rajamuda
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June 19, 2018, 11:22:12 AM
 #21

in my opinion, it will only always be an alternative currency, about the legalized by all countries.. I think it's still between possible and impossible because its characteristics are so easily influenced by many things. But I think it still obviously there is still a possibility that bitcoin will be lasting forever and still acceptable in every country/is not prohibited completely.

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jrrsparkles
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June 19, 2018, 03:52:10 PM
 #22

in my opinion, it will only always be an alternative currency, about the legalized by all countries.. I think it's still between possible and impossible because its characteristics are so easily influenced by many things. But I think it still obviously there is still a possibility that bitcoin will be lasting forever and still acceptable in every country/is not prohibited completely.
If that was accepted by all the countries then it will become the king of currency system because od its decentralization give us the freedom of using money so people no more interested in fiat money which are controlled by respective countries.And also we can save some amount of money by mass adoption like inflation and hidden fee.

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June 19, 2018, 05:15:11 PM
 #23

Yes ofcourse bitcoin will be the future of money, once it is legalize by all countries they have allow to use it with some rules only. The government not allowed people to use bitcoin only, if it happens the local fiat value will be useless. So in future bitcoin will be one of the currency along with local currency. Like fiat people use bitcoin also as one currency. But at the same time many countires didn't accept bitcoin maybe in future there will be a chance to legalize.

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June 20, 2018, 12:53:53 AM
 #24

Yes, we all strive for this.
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June 20, 2018, 12:31:57 PM
 #25

Could be bitcoin will be accepted or legalized every country. However, the government will not let bitcoin undermine the value of fiat currency. My prediction, every country will adopt technology from crypto currency to apply to fiat currency. So, more precisely crypto technology is the money of the future.

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June 20, 2018, 01:05:52 PM
 #26

Bitcoin is a good investment instead of other investments and of course, Bitcoin will be the future of money. Many people are investing money in bitcoins to earn money in less time.
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June 20, 2018, 01:06:29 PM
 #27

Could be bitcoin will be accepted or legalized every country. However, the government will not let bitcoin undermine the value of fiat currency. My prediction, every country will adopt technology from crypto currency to apply to fiat currency. So, more precisely crypto technology is the money of the future.
In your post, you state two completely opposite ideas. Bitcoin will never replace Fiat. Maybe Fiat will be completely cashless in the future but it will be Fiat. Governments will never give up a monopoly on the production of money and will not give up total control over the circulation of money.
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June 20, 2018, 01:19:46 PM
 #28

The reason for such acceptance so far as to countries trying to come up with means to legalize it is that virtually every citizen wants a kind of secrecy in transaction. The anonymity is a big advantage. I guess from this thread https://bitcointalk.org/index.php?topic=4449627.0

The latest of country adopting now is Ukraine .

it is not adopting in the Japan or South Korea sense of the world
hell even Belarus can boast about more adoption than Ukraine currently has or will have
all what has been done is pass two bills for the parlamental hearings
the process is going to be long and the results won't be anything spectacular or immediately benefitial for a regular cryptocurrency user
the main purpsose of the documents is to make sure you pay taxes if you trade,use or mine bitcoins

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June 20, 2018, 01:55:24 PM
 #29

Some countries make bitcoin legal and started charging tax. It will be our future currency because every country has to accept bitcoin technology. It will run smoothly in all countries one day.
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June 20, 2018, 07:56:37 PM
 #30

Who doesn’t want bitcoin to be used as money/currency out of this virtual world?? We all wanted it and be on that time as future be in reality.. Every country will recognise blockchain as the passage of transaction and information in the next generation and bitcoin as we dreamed of be legalized/accepted by our society..

Wake Up!! It can’t be as perfect as we wanted it to be.. Oligarchs family and Corrupt government officials won’t allow it to happen.. So better we continue our journey here in this box until the right time comes..

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June 21, 2018, 10:37:44 AM
 #31

Who doesn’t want bitcoin to be used as money/currency out of this virtual world?? We all wanted it and be on that time as future be in reality.. Every country will recognise blockchain as the passage of transaction and information in the next generation and bitcoin as we dreamed of be legalized/accepted by our society..

Wake Up!! It can’t be as perfect as we wanted it to be.. Oligarchs family and Corrupt government officials won’t allow it to happen.. So better we continue our journey here in this box until the right time comes..

it is not only because of oligarch's families and corrupt goverments
blockchain itself and bitcoin in particular have limitations that prevent it to be used as money in the full sense of the word
the main reason is the speed of transactions-compare VISA transactions per second and bitcoin's at leisure,you would be surprised
society itself is not ready for this either,technologies are not advanced enough too-do you see bitcoin ATM or bitcoin POS on every corner or in every shop?
but we are moving in the right direction,hopefully

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Tigorss
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June 21, 2018, 11:28:44 AM
 #32

in my opinion, it will only always be an alternative currency, about the legalized by all countries.. I think it's still between possible and impossible because its characteristics are so easily influenced by many things. But I think it still obviously there is still a possibility that bitcoin will be lasting forever and still acceptable in every country/is not prohibited completely.
this will really come true if bitcoin is acceptable throughout the world because of the fact now that the big country is almost using the legitimate bitcoin in the country and that it is a sign that bitcoin will be the currency of the future.

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Kingofbitcoin12345
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June 21, 2018, 12:59:45 PM
 #33

Who doesn’t want bitcoin to be used as money/currency out of this virtual world?? We all wanted it and be on that time as future be in reality.. Every country will recognise blockchain as the passage of transaction and information in the next generation and bitcoin as we dreamed of be legalized/accepted by our society..

Wake Up!! It can’t be as perfect as we wanted it to be.. Oligarchs family and Corrupt government officials won’t allow it to happen.. So better we continue our journey here in this box until the right time comes..

it is not only because of oligarch's families and corrupt goverments
blockchain itself and bitcoin in particular have limitations that prevent it to be used as money in the full sense of the word
the main reason is the speed of transactions-compare VISA transactions per second and bitcoin's at leisure,you would be surprised
society itself is not ready for this either,technologies are not advanced enough too-do you see bitcoin ATM or bitcoin POS on every corner or in every shop?
but we are moving in the right direction,hopefully

Agree on that reason about transaction time because of congestion within our system,, but it can be fixed and the government facilities will be a big factor on that.. Those Bitcoin ATM and POS are machines that can be easily manufactured if the demand is high.. I mean the business sectors are willing to invest on it when the government officially legalizing it worldwide..

Yeah we’re moving in the right direction,, but as long this rich families can control corrupt politicians the percentage of its mainstream success is 50% only..

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June 21, 2018, 11:57:55 PM
 #34

As expected bitcoin should be one among other currencies being used in the society. The value would be still growing high attracting too many investors into bitcoin and into other altcoins. This would enhance the use of crypo currencies.

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June 22, 2018, 02:26:33 AM
 #35

Many countries now adopting methods to legalize bitcoin to charge taxes from the operations. At present everyone is not making payments through bitcoins, the main purpose is investing and trading. Hopefully every country will accept bitcoin in the near future.
they originally planned to only make investments and trade alone but some time ahead of course they will make transactions using bitcoin because it is every country that tries to do things like that first.

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June 22, 2018, 04:37:07 AM
 #36

Well, although  this year is very disappointing because  the market has always been in total decline and so far there is no good development, and unfortunately, in this period   the majority of   cryptocurrencies are still in a negative fluctuation  especially Bitcoin, but I do not think that this widespread will continue in a long period , and it will be just  temporary  ( maybe it will last for a few months ).

In addition to that, I think that the only two things that stop the evolution of Bitcoin are the whales (who have a large proportion of cryptocurrencies) and the big governments (who want to destroy Bitcoin through a bad ways and attempts). Hope that Bitcoin will overcome these two issues in the near future.

In fact, I am pretty sure that after this big drop in the market; Bitcoin will develop in a fast way, and IMO if their price will reach 12K, then it is sure that there will be a rise in a quick way, and maybe we will see again 18K as a price of Bitcoin.

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June 22, 2018, 08:21:11 AM
 #37

Many countries now adopting methods to legalize bitcoin to charge taxes from the operations.
Regulation is what they have to do and it only makes sense when the state proclaims that they are totally aware of bitcoin and is ready for it's adoption.

This has been foreseen by some before that they can't resist that the profit that can go to the fund of the government through tax will be wasted if they won't take action on this thing.

At present everyone is not making payments through bitcoins, the main purpose is investing and trading. Hopefully every country will accept bitcoin in the near future.
It doesn't matter anymore if it's used for trading, investing or remittance. Every transactions that will be done through bitcoin will be taxed, simple as that.

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June 22, 2018, 12:00:57 PM
 #38

Many countries now adopting methods to legalize bitcoin to charge taxes from the operations.
Regulation is what they have to do and it only makes sense when the state proclaims that they are totally aware of bitcoin and is ready for it's adoption.

This has been foreseen by some before that they can't resist that the profit that can go to the fund of the government through tax will be wasted if they won't take action on this thing.

At present everyone is not making payments through bitcoins, the main purpose is investing and trading. Hopefully every country will accept bitcoin in the near future.
It doesn't matter anymore if it's used for trading, investing or remittance. Every transactions that will be done through bitcoin will be taxed, simple as that.

I would not go as far as "every transaction will be taxed" but the tendency is there,the countries are either finding mechanisms to legalise
cryptocurrencies as it became a phenomenon too big to overlook
or are banning them altogether if they cannot find ways to regulate it
in any case next several years there will be less and less grey bitcoin areas in the world,you will be either pro or con (as a country)
and the ones that legalised and adopted it first will have huge advantage IMHO

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June 22, 2018, 12:40:45 PM
 #39

Many countries now adopting methods to legalize bitcoin to charge taxes from the operations. At present everyone is not making payments through bitcoins, the main purpose is investing and trading. Hopefully every country will accept bitcoin in the near future.

Currently, there 75 countries where the status of Bitcoin is legal. Majority of these countries do not make the usage of bitcoin itself illegal, its status as money (or a commodity) varies, with differing regulatory implications. While some countries have explicitly allowed its use and trade, others have banned or restricted it. Following are 25 of the 75 countries Bitcoin is legally used; Australia, Argentina, Belgium, Brazil, Canada, Colombia, China, Croatia, Czech Republic, Denmark, France, Germany, Hong Kong, Israel, Italy, Japan, Ukraine, New Zealand, Norway, Poland, Singapore, Slovenia, South Korea, Spain, Switzerland, Sweden, Turkey, Philippines, United Kingdom, United States and all of its states and administered territories.

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June 23, 2018, 06:40:15 AM
 #40

Many countries now adopting methods to legalize bitcoin to charge taxes from the operations. At present everyone is not making payments through bitcoins, the main purpose is investing and trading. Hopefully every country will accept bitcoin in the near future.
I think that in the future nothing will change much about the use of bitcoin. As before, now bitcoin is used, mainly for buying and trading it. As a means of payment, that is, as money it is used extremely rarely. Apparently, this situation will continue in the future. Even if states recognize it as a means of payment on their territory and will provide the opportunity to use it as money along with national conventional money, the situation will not change much. As a means of payment, especially for making small domestic transactions, probably another crypto currency will be used, but not bitcoin. This is in case if bitcoin does not constantly lose its popularity, otherwise the situation with bitcoin will be generally unpredictable.

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