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Author Topic: can u explain why bitcoin can be a future currency?  (Read 396 times)
s4l1wu (OP)
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June 24, 2018, 01:09:28 PM
 #1

because bitcoin system was so protective and people in all country starting investment everyday, it makes bitcoin can survive from extinct
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June 24, 2018, 01:17:20 PM
 #2

Other than it being decentralized (banks and government has no control over it), the versatility of it i think is the main reason. Plus, transaction from different locations aren't a problem, meaning, money transfer wouldn't be an issue to spread your money. Another thing, i wouldn't want to bring cash in some places (too risky and an eye candy to criminals) well maybe just in my country.
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June 24, 2018, 01:22:52 PM
 #3

In my opinion, bitcoin will be the primary means of payment in the future, because shopping just gets easier. We do not have to bother with fiat money or credit cards. Just pay with bitcoin only. That's why later bitcoin demand will increase drastically.

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June 24, 2018, 01:24:31 PM
 #4

WRONG

first of all bitcoin is already a currency and it will be in the future. it just has more adoption in the future. and the reason has nothing t odo with people investing in bitcoin.
it is all about the fact that bitcoin is the only currency that is decentralized, censorship resistant, boarderless, with a good privacy, cheap, fast and secure out there.
and it is strong and surviving because of these factors not because some idiots invest in it. the investors come and go as the wind.

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June 24, 2018, 01:24:57 PM
 #5

In the future, bitcoin will be used by so many users in any country because the main currency is bitcoin in that days.
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June 24, 2018, 01:27:32 PM
 #6

Cashless trading is the development trend of the future society. At present, only China is cashless trading countriy . This is because China's online payment companies are large and have reached cooperation with banks, but for most countries, This is very difficult, and cryptocurrency can make it easy for them to achieve this goal.
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June 24, 2018, 01:30:11 PM
 #7

because bitcoin system was so protective and people in all country starting investment everyday, it makes bitcoin can survive from extinct
Since the network has been building from algo and it will be difficult to attack the network and remember POW is the really strong system. But the real problem is not about that. The real problem is when you are seeing that about the market has been failing and then so many people are feeling scared right now. But the banker has said that the bitcoin is not enough scalable to be the future money. It needs a lot of improvements.

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June 24, 2018, 01:31:28 PM
 #8

It's the first starter so it means that bitcoin is original and whether there will be new type of crypto's which is happening right now, attention from the market will still go to bitcoin.

People will stick to only one coin in the future and we don't want to spend that much attention to another coin that doesn't have the full support of the community.



 

 

 

 

 

 


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June 24, 2018, 01:50:57 PM
 #9

Bitcoin is money and its consider as currency but called as cryptocurrency because its a digital asset with lots of uses, and its also a premier coin. Bitcoin has a big future.

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June 24, 2018, 01:55:08 PM
 #10

because bitcoin system was so protective and people in all country starting investment everyday, it makes bitcoin can survive from extinct

That could be one of the great idea, let me add on. Bitcoin will be the future currencies because it is already known all over the world and some used that as a transaction either buying or selling a product might be intangible or tangible product. Bitcoin has the strongest system in the technology world because it has higher value.
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June 24, 2018, 01:59:21 PM
 #11

sorry I think you are wrong to put thread, here we can only discuss altcoin
but I will answer your question
safe, in my opinion not, depending on you securing your own Bitcoin wallet
and why is Bitcoin in value as the currency of the future?
I think that's because, the more people who know and use bitcoin as a means of exchange after money, and because of the rising Bitcoin price, so many people are starting to invest and try to take advantage of it
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June 24, 2018, 02:05:35 PM
 #12

In my opinion, bitcoin will be the primary means of payment in the future, because shopping just gets easier. We do not have to bother with fiat money or credit cards. Just pay with bitcoin only. That's why later bitcoin demand will increase drastically.
all crypto players especially bitcoin always argue that bitcoin will become a means of payment in the future, but as we see now the btc price is declining sharply, and there are still many governments from different countries prohibiting the existence of btc in their country


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June 24, 2018, 02:08:59 PM
 #13

Bitcoin is not a future currency because already Bitcoin reach the entire world. So it is current trending currency but many countries are not supporting to legalisation of cryptocurrency because of economic development of the country. So as soon as possible all over the world acccepting the crypto currency.

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June 24, 2018, 02:14:09 PM
 #14

Because it is simply better than current currencies we use and it is more trusted and decentralized than many cryptocurrencies in the market. It is also not backed by company or person like most tokens so I can trust it.

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June 24, 2018, 02:25:49 PM
 #15

The reason why bitcoin can be a future currency is
1. Because bitcoin has a limited amount of only 21 million coins. 2. Due to the nature of the decentralized bitcoin unlike fiat money which is centralized. 3. Because the price of fluctuating bitcoin on demand then bitcoin serve as an investment.

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June 24, 2018, 02:32:19 PM
 #16

because bitcoin system was so protective and people in all country starting investment everyday, it makes bitcoin can survive from extinct
This is a very simple question. Bitcoin is the real currency. You are now using the national currency. The country distributes each person’s income through money, which means that the country can invade your currency. Now do you know why cryptocurrency is worth investing in?
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June 26, 2018, 12:04:00 PM
 #17

Definetly bitcoin will be the future currency as it is developing day by day. Many big big companies and personalities are supporting it. It gives more facilities to its users and making them comfortable to use it. So obviously it will be the future currency.
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June 26, 2018, 12:20:30 PM
 #18

Other than it being decentralized (banks and government has no control over it), the versatility of it i think is the main reason. Plus, transaction from different locations aren't a problem, meaning, money transfer wouldn't be an issue to spread your money. Another thing, i wouldn't want to bring cash in some places (too risky and an eye candy to criminals) well maybe just in my country.
yes, crypto make transaction easier and simple without any fear to lose your money
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June 26, 2018, 12:31:02 PM
 #19

In my point of view, the main reason Bitcoin/Altcoins can be the future currency because it is a digital currency. And we are in the cyber-era. Technology is evolving every single day. And having a currency that is digital will be a perfect fit for our futuristic world. However, it will be possible when all of the main issues regarding cryptocurrency are solved. For example, the high fees when having a transaction.
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June 26, 2018, 12:33:16 PM
 #20

Of course decentralization is the advantage, but I don't think that BTC will be on top investing currency in - let's say - 2 years. There are many altcoins which have very good use and BTC loses its strength here.
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