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Author Topic: The problem of getting bitcoin in the future  (Read 1033 times)
Indrawan77
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March 25, 2019, 12:35:26 AM
 #21

For now it maybe seem like a alot of problems to adopting bitcoin, that's why the government and researchers need to do their best, it's only about time to solve all the problem, economic problem could be solve by regulating and maybe controlling the transaction volume, the regulation for implementing crypto need to be flexible so the crypto could grow and the people could get the advantage of crypto, some of the countries already adopting crypto maybe it could be a reference for other countries
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March 25, 2019, 03:04:31 AM
 #22

I don't seem to see any issues with these?

Firstly, in terms of economic integration, this is very difficult now because each country has its own face value and money, it is difficult to synchronize

Exchange rates are pretty easy to use. The same applies to USD and just about any currency and no one really complains about having to convert every now and then.

another difficulty is that the legal is unclear because each country has one private law.

The same applies for goods and services, and yet those thrive where they are allowed. Different people from different countries may enjoy different sets of privileges, but it shouldn't have an extreme effect on the ecosystem as a whole. It's unfortunate that some countries are hostile towards Bitcoin, but enough accept it for it to thrive worldwide.

Secondly, the political, military, and information technology are uneven, leading to access to electronic money is not virtual reality.

Using Bitcoin has exceedingly low requirements, so I don't see the lack of technology as an issue going forward. Again though, just because some people don't have access to it doesn't mean everyone else shouldn't either. Equality is ideal but not absolutely necessary.

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March 25, 2019, 12:51:27 PM
 #23

The issue is it will take a very long time before cryptocurrency can take the center role or becomes the global currencies because so many government with their law's and views about cryptocurrency, it is very important to note that the government will never let go of they own traditional currencies for cryptocurrency because they will not have control over cryptocurrency.
The thing is that as the development of cryptocurrency is not the government will dictate the rules and the people themselves who will be passionate about cryptocurrency.Already today, a lot of work is being done to attract ordinary people to the basics of cryptocurrencies.The faster this work is carried out, the faster cryptocurrencies will replace Fiat.And I don't think it's gonna be too long for this replacement.



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March 25, 2019, 01:42:29 PM
 #24

I don't think that there would be a problem in getting some bitcoin in the future,

This above statement has explained what is in my mind. The only problem there can be in my opinion is getting people to believe and hodl bitcoin in distributed form and not only by the whales. Then we will be sure that you can get bitcoin available everywhere and availability of network too.
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March 25, 2019, 02:52:59 PM
 #25

There won't be much problem getting Bitcoin in the future, but we might see a heavy price increase over the years, so maybe collecting Bitcoin at these prices might be a thing of the past. For example now to mine Bitcoin is impossible for the smaller folks, who could have mined it in the early days. So I believe the only problem will be purely from a price perspective, that we might not be able to get our hands on cheap Bitcoin relating to the prices of this bear market run. Also, next year Bitcoin is having it's mining rewards, so I am sure a new floor of over seven thousand USD will be established as a low price for Bitcoin.


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March 25, 2019, 05:30:58 PM
 #26

I understand your approach, but the solution is easy, it is to motivate the massive use and acceptance in companies, although there may be resistance from many sectors and even from governments, in the end the majority will be imposed in a similar way to the reforms of many laws because people simply pushed for a change. Imagine that in an area 1 million people already have benefits in the use of cryptocurrencies, those people will not be willing to return to an obsolete and abused system like fiduciary money, little by little more people and companies are using cryptocurrencies, the change will take a while, that's for sure, but it will be achieved.
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March 25, 2019, 06:22:21 PM
 #27

Am yet to get the exact question you asked, but if what you mean is We there be a problem in getting Bitcoin in the future, I we say there is noting like a problem in getting Bitcoin in future because we all know currently when we are talking about cryptocurrency, is a must we remember Bitcoin which is the father of all other coins, Bitcoin is currently been traded throughout the world and is easier to buy on any exchange at any time.

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March 25, 2019, 06:47:57 PM
 #28

Whether or not the electronic money through the future is easy is a difficult question. Firstly, in terms of economic integration, this is very difficult now because each country has its own face value and money, it is difficult to synchronize, another difficulty is that the legal is unclear because each country has one private law. Secondly, the political, military, and information technology are uneven, leading to access to electronic money is not virtual reality. So how to solve this problem?


Simply, you don't. View bitcoin as an investment method that can yield you an opportunity to earn large amounts of profits in a relatively short amount of time compared to other methods present. What makes bitcoin interesting is the technology which it operates on- the blockchain technology. With this revolutionary transaction tool, various coins can utilize this and create a better version of bitcoin itself.

With those issues that you mentioned, I think eventually countries would be lenient about its implementation and acceptance. What makes it impossible is the economic barrier between developed and underdeveloped countries as different currencies have different value depending on their status.
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March 25, 2019, 07:42:17 PM
 #29

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Indeed, that's agreeable mate and when government has been successfully engage cryptocurrency to their system they'll fully can control it. I think that's our biggest problem in the future when that happens, which isn't good for us who holds crypto. There will be a possible crash of price, due to more holder cannot withstand against such regulations imposted by government leaders. I can't say it in general but there might be possibilities, some leaders will be greed enough to make the situation be overpowered by them. Our financial freedom will not be as free as what we're experiencing today, and certain circumstances might arise if crypto becomes controllable by government authorities.

That's right! Is there any doubt that sooner or later cryptography will become controlled by the authorities? And not just cryptography... The reason is simple - the planet's resources are limited. And in the future they will have to be distributed. And this does not promote freedom...
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March 25, 2019, 09:22:36 PM
 #30

I understand your approach, but the solution is easy, it is to motivate the massive use and acceptance in companies, although there may be resistance from many sectors and even from governments, in the end the majority will be imposed in a similar way to the reforms of many laws because people simply pushed for a change. Imagine that in an area 1 million people already have benefits in the use of cryptocurrencies, those people will not be willing to return to an obsolete and abused system like fiduciary money, little by little more people and companies are using cryptocurrencies, the change will take a while, that's for sure, but it will be achieved.
It's useless to motivate companies to accept bitcoin when a very few people actually use it for payments. That happens mainly because everyone is interested in bitcoin more as an investment rather than a payment method and companies obviously know that and they are afraid to add it because it wouldn't help them a lot.
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April 03, 2019, 09:28:57 AM
 #31

How come.it will be difficult when we can buy in a small bit of it in the local exchanges. But if you are stating about buying 1 btc then definitely it is difficult. As we all.know that even now bitcoin market price is expensive already knowing that it reached now to 5k USD per BTC.

So, reserved more bitcoin now as much as posssible that you can have and then be merrynin the future.
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April 03, 2019, 09:46:44 AM
 #32

Not really much of a problem as long as they don't outright ban bitcoins. We already use certain exchanges here to pay bills from our bitcoin wallets. LN can also be used for smaller transactions, etc. People can send the money to each other's wallet directly. Bitcoins can replace fiat eventually if the government don't do anything to stop it.
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April 03, 2019, 10:01:57 AM
 #33

Maybe the problem will not solve today, but I am sure that by time to time, we will find a way to solve the problem. We don't have to confuse about the problem because it will clear at the right time. I think in the future, we can get bitcoin with easy because from now on, and there will be many ways that we can use to buy bitcoin if we cannot mining bitcoin. We can see right now, there are so many new exchanges launch and that will be a way for people to buy bitcoin.

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April 03, 2019, 12:13:00 PM
 #34

I understand your approach, but the solution is easy, it is to motivate the massive use and acceptance in companies, although there may be resistance from many sectors and even from governments, in the end the majority will be imposed in a similar way to the reforms of many laws because people simply pushed for a change. Imagine that in an area 1 million people already have benefits in the use of cryptocurrencies, those people will not be willing to return to an obsolete and abused system like fiduciary money, little by little more people and companies are using cryptocurrencies, the change will take a while, that's for sure, but it will be achieved.
It's useless to motivate companies to accept bitcoin when a very few people actually use it for payments. That happens mainly because everyone is interested in bitcoin more as an investment rather than a payment method and companies obviously know that and they are afraid to add it because it wouldn't help them a lot.
Agree I think what we have to do is make mass adoption run smoothly, you don't need to be busy explaining bitcoin and promoting bitcoin to companies, they will automatically adopt bitcoin as payment, when the demand and users of bitcoin are very large..
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April 20, 2019, 09:07:42 AM
 #35

I don't see any difficulty if a country will adopt bitcoin as method of payment.

Secondly, we don't even have to think about virtual reality, crypto is a crypto, as it is.
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April 20, 2019, 11:03:13 AM
 #36

I think we can face a lot of problem in the future of getting bitcoin. First when bitcoin did not hit it's goal to decentralized and it's legalization we were experience the hard time to store and make our bitcoin secure.

Isn't bitcoin now decentralized, no one can change the bitcoin system because there is no government that can manage bitcoin.

Then another problem is technology. How can we get bitcoin easily when most of business and organization did not upgrade their system for the use or getting of bitcoin.

And when viewed from the current development, there is a lot of bitcoin growth in several countries, even Switzerland has implemented tax payments with bitcoin or binance which is now increasingly increasing the security of its business.
Come on, bitcoin will grow bigger

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April 20, 2019, 01:44:36 PM
 #37

Whether or not the electronic money through the future is easy is a difficult question. Firstly, in terms of economic integration, this is very difficult now because each country has its own face value and money, it is difficult to synchronize, another difficulty is that the legal is unclear because each country has one private law. Secondly, the political, military, and information technology are uneven, leading to access to electronic money is not virtual reality. So how to solve this problem?

Your just making things worst,first bitcoin will never replace those currency that you are mentioning so whats the problem being bothered by this?all the existing fiat will remain so there is a plenty of things that can be used bitcoin.Japan is a well develop country and we know how strong their Yen is,but did they bother to made issue for crypt?ofcourse not because what they did is accept and adopt this technological currency to their economy
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April 20, 2019, 01:51:48 PM
 #38

Whether or not the electronic money through the future is easy is a difficult question. Firstly, in terms of economic integration, this is very difficult now because each country has its own face value and money, it is difficult to synchronize, another difficulty is that the legal is unclear because each country has one private law. Secondly, the political, military, and information technology are uneven, leading to access to electronic money is not virtual reality. So how to solve this problem?

One problem I can see in the future with Bitcoin is it's price. In terms of government, banks, adoption, and centralization in general I think it already had happened here in my country and for me it is not a problem anymore because it can also make enthusiasts more secure as local exchnages are regulated. Every country has it's own understanding about the potential of Bitcoin either as a currency or an investment.



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adzino
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April 20, 2019, 02:01:25 PM
 #39

Yeah, the issue that you mentioned is actually true. But honestly, those are just small issues that can be fixed anytime. The laws will change once bitcoin becomes widely used. It won't create much of a problem. Besides these problems, there are more huge problems that we need to fix. Once everyone starts to adopt using bitcoin, can the network be able to handle all those thousands of transactions together? Will the fee remain the same or will it skyrocket proportionally? Will people be able to adopt with it? Can it be used as a regular currency? These are the main issues and problems we need to think about.

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April 20, 2019, 02:04:19 PM
 #40

The problem associated with getting bitcoin in the future can only steemit from the price factor....that is if the price is too high for investors.
Like some analysts predicted that the price of bitcoin in the first quarter of 2020 would be over $85k. So you see at this price not many who would want to own bitcoin could afford it .
Another issue is mainstream adoption, if bitcoin becomes generally accepted in the future as a payment medium, it would make it easier for the public to own it otherwise, reverse would be the case.

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