Why is Bitcoin allowed to continue?

[minhlee95]

I think the thing is that this technology is really very convenient to use. Most people believe in it and therefore invest their money in it, and while we support it it will develop despite all sorts of problems.

[Wellyan]

I think bitcoin should allow to continue in the present time because with this we can say that people will more feel good if they have a fast moving currency because for businesses required a fast payment mode so that can change the deals and they are become more close together.

I agree, indeed in the business world we must have a currency that moves quickly. in my opinion, so far, with bitcoin, we can also be helped well, besides our needs we can also get more knowledge.

[kavindra]

Bitcoin is allowed to use because it gives much advantages and it has much higher value than any fiat currency. Obviously, central bank looks this as opportunity for better improvement in financial side. In addition, bitcoin serves good system that probably nothing before.

Bitcoin is potentially can make better and simpler investment or just assets storing. This is collaboration between advance technology and financial services. Therefore, there is no reason for bank not to allow bitcoin.

[pixie85]

I think the thing is that this technology is really very convenient to use. Most people believe in it and therefore invest their money in it, and while we support it it will develop despite all sorts of problems.

Most people who took their time to get to know it believe in it. In fact most people in the world don't believe in Bitcoin because they know as much as the mainstream media outlets are telling them. Go and ask random people what they think and you'll see.

If Bitcoin ever gets at least 10% support in every country we'll be dealing with a boom greater than 2013 and 2018 combined.

[wewe123]

Bitcoin is a very good kind of cryptocoin , in which it can be used as payments for any transactions that accept cryptocurrency, so as long as cryptocurrency is active  in the currency activity in the digital world ,it would continue its services to the people ,the members ,the customers and investors who are avid user of bitcoin cryptocurrency.

[shagor106]

Yes this is extremely important. Bitcoin is a very good kind of cryptocoin. Most people who took their time to get to know it believe in it. In fact most people in the world don't believe in Bitcoin. Moreover, bitcoin is very influential for the economy of many people who hold it financially better. So with the many positive effects brought by bitcoin, I'm not sure there will be an institution that will stop bitcoin.

[Peacemaker1994]

Bitcoin is not dependent on central bank and they can't stop bitcoin bitcoin has lasted more than nine years and am still guessing what type of trap you think bitcoin is

[Loopper]

I think the thing is that this technology is really very convenient to use. Most people believe in it and therefore invest their money in it, and while we support it it will develop despite all sorts of problems.

Lots of growing expectations of the virtual currency to see huge profits in the future. some people think that regret is not investing Bitcoin at a time when prices were so cheap a few years ago.

[Little_king]

You have said some fact up there in the post but am still bit worry about why do they allow bitcoin or if it is a trap or tax to evade us all , when I will say no cause not all country even use bitcoin yet as some government don't even want it why some are embracing it but all is left to us the user to determine the faith of the crypto currency and not them cause they never want any thing out of their care truly but this will definitely go beyond their control.

[izanagi narukami]

Every people have their own choice to choose transaction method that fit based on their need.
In this digital era where anything getting caseless, people seek something that fast and cheap so for what I can see that bitcoin is the best option.

Bitcoin being created to fulfill this digital era of transaction !

[pinkgeldof]

What do you mean 6 percent? Do you mean exactly or in general? 

Also little known thing, that the fed loans money to private banks at a lower rate than they pay interest; so banks can borrow money from the fed, then put it back in the fed and earn a profit. 

Also the interest rates that banks used is essentially made up out of thin air, most interest rates are based on LIBOR (which has been known to be manipulated, see scandal) and this is the rate that banks charge one another on private markets to borrow from each other.   Also if you notice another thing is that the fundamental premise of banking is simple right?

Bank takes deposits and then they loan the money based on those deposits; but in reality they will loan far beyond what they get from those deposits and they get that money from the federal reserve and borrow it from other banks. 

[signup01]

I think the thing is that this technology is really very convenient to use. Most people believe in it and therefore invest their money in it, and while we support it it will develop despite all sorts of problems.

I agree with you because bitcoin has a lot of benefits and users who already trust it too, so the more people use and trust, the longer Bitcoin can survive and be allowed in this world

[bagsat]

Its is because bitcoin still have its value. Many investors and traders still believe in bitcoin thats why bitcoin is standing still even its price keep on falling.

[nellakarisma]

because bitcoin is very good to help a person's economic growth become better than before. and provide opportunities for poor people to become millionaires in the near future

[elwiswoodie]

Its is because bitcoin still have its value. Many investors and traders still believe in bitcoin thats why bitcoin is standing still even its price keep on falling.

Bitcoin is still getting permission because the benefits of bitcoin are very large in helping people transact in the digital world. Bitcoin can be used to buy goods and can also be used as an investment place. so that many people will remain with Bitcoin.

[Olayinka225]

I think why bitcoin has been allowed to continue is that, no one knows the source or maker of bitcoin. No one knows how it was created and what one doesn't know how it was created, then there will be a problem destroying it but rather allow to continue.

[Altf4]

Bitcoin is very good kind of new digital crypto currency and even if some other government did not adopt yet this crypto technology , but some other countries are accepting cryptocurrency, bitcoin are allowed to continue its services because we see nothing bad in bitcoin technology indeed it has help a lot to people who really believe in this cryptocurrency technology.

[wxa7115]

...because those who had the power to stop him at the beginning had not noticed, not understanding him. Now there are already great interests. And politics never risks losing consensus going against too many interests.

The interest of banks are still many times bigger than any created interest in maintaining cryptocurrencies alive, the truth is they do not really know how they could kill something like bitcoin, the moment they try to do it we will know they are against us and unless they can exterminate all cryptocurrencies with a single movement then some of them will remain and people will do everything to protect the cryptocurrencies that were left and that will only make killing those cryptocurrencies even harder.

Make no mistake they are looking for ways to destroy the market and so far they have failed that is why you do not see an open opposition against bitcoin at the moment but that will change especially if cryptocurrencies begin to affect in a significant way the interests of banks.

[hubballi]

I think what OP is telling is not true as central banks are not able to control bitcoin and cryptocurrency due to its blockchain technology through which all records are recorded and their is no details about who is holding which wallet and who is the owner. Ya it is true that when FBI found the Bitcoin in silk route raid they should have destroyed the all bitcoins received and its technology also, but now when they openly disclosed the details and sold the bitcoins in open aution market it made peoples of world to think about its technology and its uses benefits.

[xuan87]

...because those who had the power to stop him at the beginning had not noticed, not understanding him. Now there are already great interests. And politics never risks losing consensus going against too many interests.

The interest of banks are still many times bigger than any created interest in maintaining cryptocurrencies alive, the truth is they do not really know how they could kill something like bitcoin, the moment they try to do it we will know they are against us and unless they can exterminate all cryptocurrencies with a single movement then some of them will remain and people will do everything to protect the cryptocurrencies that were left and that will only make killing those cryptocurrencies even harder.

Make no mistake they are looking for ways to destroy the market and so far they have failed that is why you do not see an open opposition against bitcoin at the moment but that will change especially if cryptocurrencies begin to affect in a significant way the interests of banks.

I agree, Central Bank certainly doesn't like Bitcoin to be alive but it still doesn't know how to stop Bitcoin yet, even though the Bitcoin can be dangerous but it also got a big usage for the people, so the government still try to do research, to see either Bitcoin could help the country or destroy the country