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Author Topic: The future of Bitcoin as a sustainable currency.  (Read 740 times)
gilangIDR
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February 13, 2019, 09:30:33 AM
 #41

Bitcoin is the currency is a very potential crypto currency. Honestly, I am one of those proud crypto users that is still keep on using Bitcoin crypto currency as my main crypto medium for different transactions where I can use it. Well, in the current crypto market, no doubt why people are hesitation to tell that in the future Bitcoin still remains. But if we can clearly see and down dip into it, Bitcoin still the capable to be a sustainable currency in the coming future.
We believe it as a sustainable currency cause we saw its future and we believe that it have capability but for the others, they'll look this a joke or another form of scams. We know that they are wrong and we can't push them to believe and be a part of crypto family, letting them to discover of its greatness and contribution to the community will make them amaze.
Bitcoin is currently being used by many people and this is a good capital because then Bitcoin has gotten a place in the community. I feel this is a positive value and can be used as a reference in the future. I am optimistic that bitcoin can be a currency that is used safely, is stable and easily accessible to people in the future.
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February 13, 2019, 10:21:19 AM
 #42

Indeed cryptocurrency is a sustainable and a reliable measure for a reliable economy in a worldwide setting. When cryptocurrency is adapted in the entire economic industry there will be a decrease in a controlled economy made by printing too much paper money. Anyway this will be possible soon in the future and might be not in our generation remember the history of money it evolves since the start of the human civilization history. We might see it to the evolution of cryptocurrency that would might take thousand of years before it would really be hundred percent adapted.
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February 13, 2019, 11:01:52 AM
 #43

If Bitcoin does become consistent throughout the years then that I am sure of that it will become a currency that will sustain a lot of people, its sustainability is a priority, if BT  continues to progress this way, if the price becomes stable as well then I think in the future would be better for all of us, hopefully all things would go better for Bitcoin.

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February 13, 2019, 11:17:38 AM
 #44

If Bitcoin does become consistent throughout the years then that I am sure of that it will become a currency that will sustain a lot of people, its sustainability is a priority, if BT  continues to progress this way, if the price becomes stable as well then I think in the future would be better for all of us, hopefully all things would go better for Bitcoin.
Its a big quest for everyone and I know people were expecting more for this market. The current situation isn't making us to be hopeless and disappointment, we are still depending on the communities demand which could really its stability. Yet, we are looking this market to grow old and be matured enough to gain trust from the crowd and their huge support, then finally speculate for its sustainability.
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February 13, 2019, 11:59:04 AM
 #45

This is just another problem with bitcoin if you agree with the bitcoin payment tool. So what must be done is to make bitcoin stable or increase prices based on mining difficulties. So there is no more price manipulation by the exchange. Currently, the position of bitcoin is only used as an investment model that is not real, meaning that bitcoin has no intrinsic or material value because there are not many companies that support bitcoin for payments that are global in nature. Moreover traders make speculations that are not rational, thus creating a bull market. I think allowing bitcoin to grow based on market demand will be fairer if it has to be used as a payment tool. because there are altcoins that can answer the difficulties of bitcoin as payment. Finally, bitcoin will become an invaluable digital asset.
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February 13, 2019, 12:17:15 PM
 #46

IMO , bitcoin can't be legal as currency because the value too volatile.
Also remember that bitcoin is an asset just like gold so there is no way for bitcoin can be legalize into legit currency.
So far cryptocurrency still hackable so are you dare to use something risky ?

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February 13, 2019, 12:58:23 PM
 #47

IMO , bitcoin can't be legal as currency because the value too volatile.
Also remember that bitcoin is an asset just like gold so there is no way for bitcoin can be legalize into legit currency.
So far cryptocurrency still hackable so are you dare to use something risky ?
Indeed, bitcoin still has too many risks in use and that is really a wall that prevents the connection between it and its users, people really don't have the courage to use it, in addition, the value of bitcoin is as you say, it is not fixed, even its fluctuation is greater than we imagine. And with such problems, the government cannot allow bitcoin to become a legal currency, it is still not eligible, and I also don't want it to be a sustainable currency, I just want it to be a sustainable investment and profitable, which is better

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February 13, 2019, 01:34:09 PM
 #48

And I would happily advertise it if some genius came in and create something that will really change the bitcoin's way of being used.

ICO's became one of the good merchant but in a bad way. They let investors buy their tokens using BTC but sold in an instant taking away the value of BTC little by little. Same does happen with Ethereum with ERC20 tokens.

Up until now I can see that is what is happening. They should have just used USD as means of payment or by now there is Tether. Just so to avoid the demands going down by them selling BTC to continue their peojects.



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February 13, 2019, 02:01:19 PM
 #49

  The study observed that most of the studies have focused on defining bitcoin, it's volatility and how it works? But none of the studies discuss the future sustainability of bitcoin. As a result, the present study differs from the previous literature bin particular on the ground of specific focus on the comprehensive account of it's growth and volability nature and how various countries are accepting it , as a digital currency for it's usability regarding future sustainability.
That's because our market still under the observation, only we have speculations and predictions but we can't assured of having it due of its volatility in form. I know this is not for a lifetime currency and it came the time that others will discover another technology which could be more potential than of this. 

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February 13, 2019, 02:43:28 PM
 #50

This is just another problem with bitcoin if you agree with the bitcoin payment tool. So what must be done is to make bitcoin stable or increase prices based on mining difficulties. So there is no more price manipulation by the exchange

And how is that going to prevent manipulation?

The only way to prevent exchanges from manipulating the Bitcoin price is to dry their orderbooks completely. It is possible only in one case (if we discard the possibility of an exchange itself delisiting a coin) when Bitcoin adoption is so high that most bitcoins leave exchanges essentially leaving them with nothing to dance on. You would likely have higher prices then, but just high prices on their own are not a guarantee of any kind in this regard

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February 13, 2019, 02:56:55 PM
 #51

IMO , bitcoin can't be legal as currency because the value too volatile.
Also remember that bitcoin is an asset just like gold so there is no way for bitcoin can be legalize into legit currency.
So far cryptocurrency still hackable so are you dare to use something risky ?
If we don't start at this point, we will never reach that phase. now we must be able to push bitcoin as a currency. bitcoin must be able to have good stability because it is true that when the price of bitcoin is still fluctuating, it will never be able to make bitcoin as a legitimate financial medium. Make bitcoin prices more stable and then we will get a new era of legalization of bitcoin and digital currency.
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February 13, 2019, 05:29:48 PM
 #52

IMO , bitcoin can't be legal as currency because the value too volatile.
Also remember that bitcoin is an asset just like gold so there is no way for bitcoin can be legalize into legit currency.
So far cryptocurrency still hackable so are you dare to use something risky ?
If we don't start at this point, we will never reach that phase. now we must be able to push bitcoin as a currency. bitcoin must be able to have good stability because it is true that when the price of bitcoin is still fluctuating, it will never be able to make bitcoin as a legitimate financial medium. Make bitcoin prices more stable and then we will get a new era of legalization of bitcoin and digital currency

I don't think volatility as such has anything to do with the legality of cryptocurrencies (or lack thereof). If this logic and reasoning had anything to do with reality, then crude oil should have been banned long ago for its sometimes severe price fluctuations on the order of dozen percentages daily (though not everyday, obviously). If anything, legalization of bitcoin may be hindered by market manipulation as this is one of the reasons why Bitcoin ETF's are being constantly declined by the SEC

But that's a different matter

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February 13, 2019, 07:43:33 PM
 #53

Whatever obstacles faced by bitcoin today, in the process of adoption globally. I believe that it will not last long. Because as we have seen, many countries have prepared themselves to accept bitcoin
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February 14, 2019, 04:15:09 PM
 #54

If the demands of bitcoin keep increasing, then in the future bitcoin may become the main currency for global.
But there are another factors restraining bitcoin from become a sustainable currency, one of them is the security.
There were many crypto exchanges hacked in the past, which makes investors lost their coins. The security of bitcoin and cryptocurrency will be the main priority to improve.

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March 08, 2019, 02:50:36 AM
 #55

In the future the bitcoins will rule the financial markets and the price of bitcoins will be 2000% more than the current price or more of bitcoins current  price. If you are a bitcoin investor your golden era is coming  as there are more likely chances for the price of bitcoins will start to boom before the next halving of bitcoins in the crypto currency market. Due to high potential more entrants are entering the bitcoin market causing for the increase in demand for bitcoins, which causes for the shooting of the prices of bitcoins up and there will be mass adoption of bitcoins world wide as it has the ability to improve the economic standards of the country.

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March 08, 2019, 06:59:42 AM
 #56

Bitcoin has become a cultural and financial phenomenon.Is Bitcoin Money? Traditionally, currency is produced by a nation's government money  serves as a store of value  with a stability value But volatility damages Bitcoin's store of value credibility.

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March 08, 2019, 04:10:55 PM
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 #57

It is gaining adoption and some people have started using BTCs in real time, like buying a Lamborghini or buying a mansion. It's easy as well as advanced. Once you understand the technology behind it, you will definitely embrace the beauty of this digital currency. in few years time from now. few years from now its going be widely accepted and value might be great again.
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March 09, 2019, 04:33:29 PM
 #58

Whatever obstacles faced by bitcoin today, in the process of adoption globally. I believe that it will not last long. Because as we have seen, many countries have prepared themselves to accept bitcoin

I agree with your words, indeed every problem that occurs in bitcoin does not last long, because the development of bitcoin is always monitored and improved to make it better. so I'm sure that everything will be back alright

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thirdlight
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March 24, 2019, 09:30:17 PM
 #59

Whatever obstacles faced by bitcoin today, in the process of adoption globally. I believe that it will not last long. Because as we have seen, many countries have prepared themselves to accept bitcoin

I agree with your words, indeed every problem that occurs in bitcoin does not last long, because the development of bitcoin is always monitored and improved to make it better. so I'm sure that everything will be back alright
I agree, improvements in the Bitcoin network are going at a fairly fast pace. It seems to me that the market in 1-2 years will have a capitalization of 5 times more.

BeGoods
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March 25, 2019, 05:24:27 AM
 #60

If Bitcoin does become consistent throughout the years then that I am sure of that it will become a currency that will sustain a lot of people, its sustainability is a priority, if BT  continues to progress this way, if the price becomes stable as well then I think in the future would be better for all of us, hopefully all things would go better for Bitcoin.
Its a big quest for everyone and I know people were expecting more for this market. The current situation isn't making us to be hopeless and disappointment, we are still depending on the communities demand which could really its stability. Yet, we are looking this market to grow old and be matured enough to gain trust from the crowd and their huge support, then finally speculate for its sustainability.
Stable prices only is won't attract many people to bitcoin, we need to grow in price, in order to make the user's confidence to buy
again. stable price will not make bitcoin survive in the future dude, it loses interest of many people #imo
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