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Author Topic: can u explain why bitcoin can be a future currency?  (Read 396 times)
niall51
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June 27, 2018, 05:29:00 AM
 #41

Because Bitcoin is the very first created cryptocurrency and that many people believe in bitcoin. I think everyone knows that.

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1714796337
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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June 27, 2018, 05:43:10 AM
 #42

I think that bitcoin is already a currency for individuals and will continue to be used by individuals. States are unlikely to widely use bitcoin in their practice. Most likely, they will create and use their own centralized crypto currency. However, the situation with the crypto currency is very different. Crypto currency is generally very difficult to forecast, especially now, when the market is going through a rather difficult time.

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June 27, 2018, 06:01:00 AM
 #43

because bitcoin system was so protective and people in all country starting investment everyday, it makes bitcoin can survive from extinct
You already answered your own question.  Lol but anyways on my view for me why bitcoin can be a future currency, it's because crypto currency value nowadays is higher than fiat money so how much more in the future?  Maybe it will be on ATH again because of being popular, which is a big help to convince more country to regulate again crypto in the future,  And also because using crypto you can do different manner in easy ways such (paying bills, sending money to family , buying stuff through online and etc ),  without going outside just using online wallets and internet.  .
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June 27, 2018, 06:05:00 AM
 #44

Only the SEC update on BITCOIN is enough for this question to be answered, try all your possible best to confirm that bitcoin is already a currency not even making mention of future

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June 27, 2018, 07:27:46 AM
 #45

Bitcoin is the very first decentralized digital currency. Which is compared to as digital asset. It is acceptable in many places in the world. Moreover, it is a safe and secure process for doing transactions. For this reason I hope one day it will become the main currency.
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June 27, 2018, 07:36:31 AM
 #46

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

By your logic, Bitcoin is just a investment asset and highly depend on investment participation. If so, Bitcoin will still extinct once no one is interested in it.
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June 27, 2018, 07:57:47 AM
 #47

Because no coin can replace the current bitcoin and possibly even in the near future. BTC is still leading the way for its use.
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June 27, 2018, 08:08:07 AM
 #48

because bitcoin system was so protective and people in all country starting investment everyday, it makes bitcoin can survive from extinct
bitcoin is already very strong, many people who already hold bitcoin, bitcoin has become a global currency and become the benchmark and king of all types of crypto currency. bitcoin does not depend on the person who invests because bitcoin has spread in the holders.
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June 27, 2018, 08:09:55 AM
 #49

bitcoin is one of the most profitable investments. with many people who invest bitcoin making the development of crypto better in the world. besides, the bitcoin price will be more expensive because many are looking for it to be an investment because they think bitcoin investment has a good prospect in the future.
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June 27, 2018, 08:11:43 AM
 #50

Bitcoin is the first cryptocurrency. It is accepted by a large number of people all over the world. All cryptocurrency is affiliated with bitcoin. Now online shopping is easier and more convenient. I personally don't like to carry money everywhere. ATM cards are good but there is not booth everywhere and huge charge for currency conversion are the problems. Bitcoin has none of the constraints.
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June 27, 2018, 08:24:23 AM
 #51

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

Wouldn’t it be great if bitcoin will be the future currency? There are few reason why it can be the future.

It's a highly secured currency that is nearly impossible to hack because of blockchain technology. 

Also the cost of transaction is rather cheap that traditional banks because it happens between two parties without the intervention of a bank.

Bitcoin and other cryptocurrency doesn't affect by economic problems. Some countries already using bitcoin as a major currency because the value of their own currency is low because of low inflation rate.

Bitcoin also had it's flaws but that's not the case here.
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June 27, 2018, 08:35:06 AM
 #52

of course, it will not be separated from the role of the increasing blockchain be great even have started many adopted in some countries. blockchain technology certainly makes the bitcoin be great and vice versa. Besides its own crypto is bitcoin oldest also became a reference for the altcoin very much. This makes it more powerful and became King of all crypto and certainly can survive for a long time.

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June 27, 2018, 08:40:13 AM
 #53

because bitcoin system was so protective and people in all country starting investment everyday, it makes bitcoin can survive from extinct
i can explain why it will not - bitcoin working on old,expensive and slow blockchain. It cannot be used in real life.Future currency should be faster then vise/mastercard,safer, easy accessable
Omparkash72
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June 27, 2018, 11:01:30 AM
 #54

Bitcoin is the future mode of transaction , on line shopping is going to be more easy and in market also no one to carry paper money with himself for shopping, people use ATM cards but their booth are not available everywhere but with this you can do transaction by just one click and also no fear of theft and charging are very lower side as compare to bank charges. Govt have to do lot of expenses on paper currency like staff, printing and transaction cost to make money available to every citizen, so my opinion is this is the future mode of transaction.

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June 27, 2018, 04:33:28 PM
 #55

I believe that bitcoin would be the future currency of the world. The main reason, I think, is its usuability. This can be easily used by anyone and transfered shortly without facing any hassle. And its transactions are done automatically that doesn't require any approval like banking channel.
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July 07, 2018, 02:46:04 AM
 #56

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

As far as i know, bitcoin is a real currency but it has no specific country. You know like peso in philippines, dollars in US, Yen in china etc. I think bitcoin will be a main currency in the future because many country accept it and used it as a means of payment and in other stuffs like investments and tradings. It is also stands as a future mode of transactions and savings of money

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July 10, 2018, 06:18:26 PM
 #57

Bitcoin is cabbage and its consider as acceptance on the contrary titled as cryptocurrency on ice its a digital title with dozens of practise, and its mean a head of shape coin. Bitcoin has a big future.
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July 10, 2018, 07:50:04 PM
 #58

I think that bitcoin will last a lot in the market and in the future people will invest in this coin.
So you can say at least because now it occupies the first position in the market  Smiley
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July 13, 2018, 02:08:39 PM
 #59

To assess the potential of bitcoin as a currency is possible. If we admit the most optimistic development scenario, in which the BTC will become the world's main currency, and the states will wither away naturally, the figures turn out to be quite huge. The total amount of money in the world is equivalent to more than $ 60 trillion. If you imagine that instead of them all will switch to Bitcoin, then the BTC rate will roughly correspond to the current $ 3 million for a coin or 3 cents for 1 Satoshi. It looks certainly not realistic. But you can dream?
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July 13, 2018, 02:10:01 PM
 #60

BitCoin is slated to be a long-term store of value rather than an everyday currency.

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