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Author Topic: What do you think about Bitcoin?  (Read 2544 times)
MeongElek
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October 11, 2018, 04:41:34 PM
 #61

Bitcoin is now the target of investors who all want to hold on to the government, I think they still do not like bitcoin because it broke their rules now.

indeed until now the government has not liked btc. because they assume that btc is indeed detrimental. but if our assumptions are all quite different. because until now with the existence of btc we can be helped
Well, there is certainly no doubt about the benefits of crypto (Bitcoin) currency. And I have also benefited from Bitcoin. But, very diverse government views on Bitcoin, they assume that cryptocurrencies really have a high risk to the economy of their country. Let them have different views about Bitcoin. To be sure, Bitcoin is used by the world community, not used by some countries.

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October 11, 2018, 05:09:42 PM
 #62

Bitcoin as an electronic currency has not yet reached the potential as expected. I personally believe that digital money can play an important role in our society, but now it seems to be fueled by the influx of targeted investors. profit recovery
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October 11, 2018, 06:18:37 PM
 #63

Bitcoin has to be a speculative investment or a currency weaken a global financial system full of injustice are trying to destroy Bitcoin?
"When it was created in 2009, Bitcoin surpassed all currencies, even with the government itself as hostile to it, and the uncertain legal regime that governments have created to manage it. The way people can not predict what will happen. So its present value can reach this level as has been great, since the fact that it only faces headwinds without tailwinds. Every government around the world is trying to find a way to stop and destroy Bitcoin."What do you think about this?

Quite an interesting project that will help us get rid of money slavery. Soon, I guess there will be a return to the exchange of goods for goods using Bitcoin. A completely new market will be created.
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October 11, 2018, 06:33:27 PM
 #64

I do agree with you... Bitcoin has been one of the best findings of the 21th century... Its advantages and the blockchain features are amazing and an important tool for the people.. This will sadly for governments, shift the power to the people, that's why they are seriously kicking against it.

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October 11, 2018, 06:55:20 PM
 #65

Bitcoin has to be a speculative investment or a currency weaken a global financial system full of injustice are trying to destroy Bitcoin?
"When it was created in 2009, Bitcoin surpassed all currencies, even with the government itself as hostile to it, and the uncertain legal regime that governments have created to manage it. The way people can not predict what will happen. So its present value can reach this level as has been great, since the fact that it only faces headwinds without tailwinds. Every government around the world is trying to find a way to stop and destroy Bitcoin."What do you think about this?
this is quite an interesting question, bitcoin is essentially a completely new type of currency. Able to create a new market and bring down the old one. Banks around the world and therefore the government is against it. That is why currency in more and more countries is being banned
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October 11, 2018, 06:57:37 PM
 #66

Terrorists and smugglers can freely do their transactions without being caught. This is a disadvantage of Bitcoin. I admit that governments don't want that to happen. If there is a mechanism to catch them, there is no valid reason for governments to limit the adoption/usage of bitcoin.  Furthermore, it is not possible to stop the usage of bitcoin by any external party as it is a decentralized currency.

Other than that, bitcoin has lot of features and advantages over traditional fiat currencies. It is already adopted by a considerable portion of people including businesses. I think that there will be a bright for bitcoin.


Unfortunately , it's the disadvantage of bitcoin. But I had one question for you . Did the terrorist and smugglers had not used dollar,Euro and all .
They are using the both dollars and bitcoin.Bitcoin had some advantages too. Since the price of bitcoin is not stable,you can buy at low price and sell at high price.The politician will not do corruption with bitcoin.

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October 11, 2018, 07:13:15 PM
 #67

Bitcoin has to be a speculative investment or a currency weaken a global financial system full of injustice are trying to destroy Bitcoin?
"When it was created in 2009, Bitcoin surpassed all currencies, even with the government itself as hostile to it, and the uncertain legal regime that governments have created to manage it. The way people can not predict what will happen. So its present value can reach this level as has been great, since the fact that it only faces headwinds without tailwinds. Every government around the world is trying to find a way to stop and destroy Bitcoin."What do you think about this?
If you look at our usual money, we will see the history of development. This story was created for many centuries and millennia. Bitcoin is new and not familiar to the majority of the population. You can not let Bitcoin die, and then he can come to replace the usual money. As for the government, it is natural for them to lose world domination in the market. Only it is not clear what can harm them bitcoin ... Maybe in the field, it will trade.
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October 11, 2018, 07:20:54 PM
 #68

Bitcoin in my opinion is the greatest discovery so far in the world's financial sector. It will make a huge positive impact in the financial world and provide people an alternative to transaction payments.
I think bitcoin is the future currency. It has the all the potential to rule the world economy. In my opinion it is the first virtual decentralised currency which made an impressive influence on economic markets. Its price is the main reason behind its popularity and profit. I think it is perfect asset for short term investment. And it has an impressive investment history also. It is also an thing that  help people to solve their economy related problems and it also provides freedom in their job.

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October 11, 2018, 07:22:51 PM
 #69

Bitcoin is one of the coins that are quite well known and have a high value, created not so long ago as Fiat that has had a history that is so long. Bitcoin was born about 10 years ago but has exploded and gleaned every country, and the pros and cons of each country.

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October 11, 2018, 07:24:59 PM
 #70

Bitcoin is great but the biggest constraint of it is low adoption rate. Just keep in mind that even though you found a use for it, for the rest of the population it's still useless.

I strongly believe in the blockchain technology for the future. Mass adoption is not here yet. By the time it is, crypto will no doubt be usefull for everybody. It's kind of what mass adoption means. I have strong hope for crypto in the future. We are a long ways away my friends.

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October 11, 2018, 07:32:11 PM
 #71

Despite the fact that bitcoin perform a very crucial role in the world financial system which is the redistribution of wealth most government of the world have push hard against bitcoin to the point that they constantly derive means of ending bitcoin due to the threat bitcoin pose to they financial slavery which they subject the people to.
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October 11, 2018, 07:37:27 PM
 #72

...

I don't think all this government trying to destroy Bitcoin. But they are trying to understand and draw border for cryptocurrencies. Because border is so important.

However Bitcoin represent of freedom. So there is a paradox. If government will set a limit for crypto, then they may broke the decentralized structure. I think we have to find another solutions. ASAP!

Agreed. I think it's not that they hate bitcoin it's that how they can implement laws on it, and force tax to it. And they do it through hubs/exchanges. Which they technically break down the rule of decentralization.
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October 11, 2018, 07:51:04 PM
 #73

As far as I know, bitcoin is not a currency which physically exists. But it's a digital currency which isn't accepted by the government. Govt' doesn't get taxes or any kind of fees from bitcoin traders. Nowadays many countries have not accepted bitcoin. But someday bitcoin will be legalized by all countries after having known advantages and proper history of bitcoin.

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October 11, 2018, 08:05:56 PM
 #74

...

I don't think all this government trying to destroy Bitcoin. But they are trying to understand and draw border for cryptocurrencies. Because border is so important.

However Bitcoin represent of freedom. So there is a paradox. If government will set a limit for crypto, then they may broke the decentralized structure. I think we have to find another solutions. ASAP!

Agreed. I think it's not that they hate bitcoin it's that how they can implement laws on it, and force tax to it. And they do it through hubs/exchanges. Which they technically break down the rule of decentralization.

Yes, the problem is that Bitcoin breaks the system. It makes traditional banks lose money and governments lose control. But at same time they don't want to kill Crypto-Currency world, because it can be useful for them, if centralized. If a government says that they are going to ban Crypto-Currency it's just that they didn't find a way to control/centralize it yet. One common excuse used by them is that Crypto-Currency isn't safe yet...

 
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October 11, 2018, 09:04:36 PM
 #75

Terrorists and smugglers can freely do their transactions without being caught. This is a disadvantage of Bitcoin. I admit that governments don't want that to happen. If there is a mechanism to catch them, there is no valid reason for governments to limit the adoption/usage of bitcoin.  Furthermore, it is not possible to stop the usage of bitcoin by any external party as it is a decentralized currency.

Other than that, bitcoin has lot of features and advantages over traditional fiat currencies. It is already adopted by a considerable portion of people including businesses. I think that there will be a bright for bitcoin.


Unfortunately , it's the disadvantage of bitcoin. But I had one question for you . Did the terrorist and smugglers had not used dollar,Euro and all .
They are using the both dollars and bitcoin.Bitcoin had some advantages too. Since the price of bitcoin is not stable,you can buy at low price and sell at high price.The politician will not do corruption with bitcoin.

Yep, there was terrorism when there was no bitcoin. While there are so many positives, it is not right to find a crumb and blame Bitcoin. The only asset that will ensure purity in the economy is cryptocurrency.
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October 11, 2018, 09:23:33 PM
 #76

Bitcoin status in different countries is different. So, there are countries where cryptocurrencies not only have legal status, but also have been introduced into everyday life. Today, consumers can purchase goods and services for bitcoins in online stores and use purchased gift cards in typical stores. Currency is traded on exchanges, companies invest in virtual startups. But so far there is no single international legal law that would regulate Bitcoin. Countries themselves legalize, prohibit or while solving the issue of cryptocurrency.
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October 11, 2018, 09:44:38 PM
 #77

I think that it is a powerful coin which will be popular for long and this will be the main currency instead of the currency we have at the moment, To my mind, it is better than any other coin

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October 11, 2018, 09:59:54 PM
 #78

Bitcoin is definitely a currency. And the currency with a great future. Some countries have a negative attitude towards it, perhaps because it can be used for illegal purposes and therefore they fear it. But in general, many countries are ready to legalize bitcoin and soon their number will only increase.

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October 11, 2018, 10:13:31 PM
 #79

the bitcoin is the best thing that can happen to us as a society! bitcoin give us Another way to see things evolve and it force us to look for different ways of solving situations.
changes always are scary but brings good things this will help us create a new economy where we will have the same opportunity! Wink Cheesy Wink
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October 11, 2018, 11:45:27 PM
 #80

Bitcoin is one of the coins that are quite well known and have a high value, created not so long ago as Fiat that has had a history that is so long. Bitcoin was born about 10 years ago but has exploded and gleaned every country, and the pros and cons of each country.
Yes it was the number one cryptocurrency that gets on the top because of its high value and different usage. Among all the cryptocurrency bitcoin was one of the developed coin and widely used. It was easilg to transfer and converted in to fiat currency where people need in life.



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