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Author Topic: You don't want Bitcoin, You don't want Future :-\  (Read 1036 times)
GideonGono
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November 05, 2019, 09:08:31 AM
 #81

To be truthful, I can not think a future without digital currencies. There will be an economic crisis eventually and fiat currencies will weaken by that. That will be a turning point for digital currencies.

I don't see that it was happen because some government don't focus on cryptocurrency. Some do banning bitcoin and some are don't but do warn people from bitcoin.

I think that if a corrupt country do a cashless way of transaction then it would be good because as we see, the transaction all over was immediately can see and there are evidence that will never be removed.



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November 05, 2019, 09:58:58 AM
 #82

To be truthful, I can not think a future without digital currencies. There will be an economic crisis eventually and fiat currencies will weaken by that. That will be a turning point for digital currencies.

Basically we can still exist without the needs of a cryptocurrency especially bitcoin. But what makes bitcoin better than fiat that makes it a future for me is its characteristics that is helping people to gain advantage to their assets easily and much more efficient compared to transaction through banks. In this case, one thing to consider why bitcoin can be the future of financial system is its capability to inspire people to create crypto technology that will suit best for the people.
Indeed, fiat currencies become stable before even without cryptocurrencies so there will be no crisis for sure.
Basically its usage is the main focus here, everything in this world is changing, this includes technology.
Cryptocurrency is the answer to having a better way of doing transactions and make it less hassle for every user.


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November 05, 2019, 02:41:27 PM
 #83

The way I see things here sometimes, I don't think bitcoin is ready to replace banks and I don't expect that to happen, for real. I still see some people here saying that we need a cryptocurrency bank, lol, why do you need a bank to handle your cryptocurrency since you say that you need freedom? Having banks to handle your cryptocurrency is still the same thing as it is now, so there is no difference. It's better we continue with what we have since people are not even ready.

If you want to make use of cryptocurrency you should understand that it was created to give you freedom from banks and to give your hundred percent control over your money, so stop looking for banks that will handle it for you, you should accept the responsibility yourself and know that the safety of your money is left in your hands.

From the points you have mentioned, op, I don't like that there are irreversible transactions, that's the thing that scares people the most when it comes to using cryptocurrency because they feel that they are not safe with it.

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November 06, 2019, 10:29:59 AM
 #84

For me bitcoin is definetly the future. Who needs paper or monopoly money fiat? I hate relying on aomeone else for my money and transactions and the main advantage for me is that you do not need the bank for anything. Its completely free. With exeotion to the miner fees which are minimum and ste there for a reason so i dont mind paying. What a joy to pay a small fee to send a valuable digital currency anywhere in the world. Its opened many doors for freelance work.

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November 07, 2019, 07:10:48 AM
 #85

You're right! For you to be able to have a brighter future, investing in bitcoin is a good decision because bitcoin will bring the mainstream to do future. If you have a lot of bitcoin, then you can now buy all the things that you want so much better to familiarize bitcoin now. Here is my conclusion through Bitcoin in the future, when the demand will increase(of course due to mass adoption) and the supply of course decreases, that's will make Bitcoin become expensive. So, for brighter future investing in b bitcoin is not regretable.

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November 07, 2019, 08:46:41 AM
 #86

Bitcoin is our future. We can see know many countries adopt and legalize bitcoin and its means that in the future bitcoin will increasingly develop.
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November 07, 2019, 12:47:49 PM
 #87

Blockchain technology and bitcoin generally is the future, but what about if the internet faced problem, i think digital currency will affects, i know that internet is depends on mesh topology, but i just try to imagine what it may happen if the internet collapse for example.
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November 07, 2019, 01:21:39 PM
 #88

For me bitcoin is definetly the future. Who needs paper or monopoly money fiat? I hate relying on aomeone else for my money and transactions and the main advantage for me is that you do not need the bank for anything. Its completely free. With exeotion to the miner fees which are minimum and ste there for a reason so i dont mind paying. What a joy to pay a small fee to send a valuable digital currency anywhere in the world. Its opened many doors for freelance work.
What bitcoin provide is freedom for the users to control their money. Who needs banks if you can bring your device to serve as your own storage.
The future ahead for this payment process system is big, with the wider communities that exist and with more additions coming from government
and institutions who start to believe with this crypto currency. Adoptions will come from each sides of the world and businesses will use this crypto
currency as part of their system.
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November 07, 2019, 01:40:21 PM
 #89

1. Irreversible Transactions

Let's suppose a scammer stole a lot of retirement money from thousands of people and because bitcoin has irreversible transactions, many people's money will never come back to them. this is a point that will make most people in the world not put 100% of their important funds in bitcoin, they will put their funds in banks

3. Volatility (Provides huge profit from investments)

in 2017 the price reached $ 19000 and then dropped to $ 3000, so high volatility also causes big losses


4. Fast Transactions (Anytime and Anywhere)

This is a big advantage and especially because it has very cheap fees, but how long will it last? from what I see if everyone (all people in the world) uses bitcoin, we'll get back to the old problem

2. I can send money if I want it anonymous (Through mixers)

that's an advantage only if you're not using the mixer for obscure things like stealing other people's funds and using the mixer

5. Bitcoin is the future

bitcoin still has a long way to go if it wants to become the future because we need to look at the following:

what will bitcoin be in the future?

1- a means of payment?

2- something that will serve as an investment (buy and hold)

if it's only the second option then the future of bitcoin will be limited the few people in the world




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November 07, 2019, 06:19:54 PM
 #90

On average people who have negative views are people who are still unfamiliar with cryptocurrency and they read from a negative perspective about bitcoin. indeed several times the media provides negative information about cryptocurrency and in my opinion we cannot blame them. because what is clear now is we provide education from the positive side so that they also know that not everything is bad like what they already know
Most people get their information from the mainstream news and we know that bitcoin is not really popular there as it is a clear threat to the way things are, but if they were really interested about learning what bitcoin is really about they could conduct a small research online and find out by themselves, since they do not do this then I can only come to the conclusion they are not interested in learning the truth and I am not wasting my time trying to educate them about bitcoin if that is the case.
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November 08, 2019, 07:12:28 PM
 #91

You're right! For you to be able to have a brighter future, investing in bitcoin is a good decision because bitcoin will bring the mainstream to do future. If you have a lot of bitcoin, then you can now buy all the things that you want so much better to familiarize bitcoin now. Here is my conclusion through Bitcoin in the future, when the demand will increase(of course due to mass adoption) and the supply of course decreases, that's will make Bitcoin become expensive. So, for brighter future investing in b bitcoin is not regretable.
The time that many people will really appreciate the decision they took to invest in bitcoin is in the future when bitcoin has reached almost its peak in the supply limit, by that time is when you could see that someone's $9000 investment had crossed over $200000 which I have never seen any program or any financial institutions that will be able to give an investor such amount of return back for keeping money in their wallet.

The good thing about the future of bitcoin also is that many off its holder will be able to enjoy the full decentralized system when it eventually attain its position of becoming the world's global currency and I think then also, bitcoin would be the main coin that will be spent while fiat will be the alternative, so accumulating bitcoin now will be great to save the future.

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November 08, 2019, 07:57:51 PM
 #92

The biggest positive effect Bitcoin has on me is the blessings of not littering the Web with my credit cards details.
Lately, since I started using Bitcoin, I hardly shop online with my credit card especially the actives ones. I have seen and heard stories of people whose account was cleared through their credit cards. Digital currency helps minimise this.
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November 08, 2019, 08:17:11 PM
 #93

We are now bound with the unstoppable development of our financial system. We are then before bound to the banks that holds our funds and finances. The emerging technology of blockchain and the creation of bitcoin set us free from all the restrictions that we had from these third parties.

Here are some advantages of banks according to Difu Wu(2014):
1. good Liquidity
2. secure place to deposit money
3. gaining interest on deposits
4. allows us to gain loans and investments

reference: https://www.quora.com/What-are-the-advantages-and-disadvantages-of-the-banking-system

From this, we can see that bitcoin smashed these advantages on how we benefit from its capabilities:
1. Irreversible Transactions
2. Paper no More
3. Volatility (Provides huge profit from investments)
4. Fast Transactions (Anytime and Anywhere)

reference: https://bitcoin.co.th/benefits-of-bitcoin/

And here's my own view on how bitcoin impacts on me:
1. My funds are much more secured and easily accessible
2. I can send money if I want it anonymous (Through mixers)
3. Multiple source of assets (Trading and freelance works)
4. Bitcoin is an eye opener on the world's future
5. Bitcoin is the future

There are some cases that most of the people don't see the goodness that bitcoin brings, and on our nature, we feel the urge to educate them and teach them about it. But most of the time, spoon feeding the information to those who's mind is close will not bring any good to bitcoin. There is one thing they need to understand even if we don't tell them to, if they don't like bitcoin, then don't like the future.


If you have more experience where bitcoin impacts you positively, you are  free to share it on the comments below.

Just to clarify that by this post I understand you are saying that bitcoin is the future of marketing and money, I absolutely agree, and the near future will show all this, I have repeatedly stated that bitcoin or some other currency will replace paper money, it is not inevitable , but this "WANT" does it deny that it is necessary to get bitcoin as soon as possible, as in the regime that it will grow now is cheaper than simply bitcoin is the future money I suggest you get, what does that really mean, do you want it you keep it until your dads grow or you just want to ash on him Bitcoin. At the moment, in my opinion, it is not necessary for anyone to procure bitcoin unless it is going to last or something else, simple time will tell everything, by making bitcoin a money overall at the multinational level.
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November 08, 2019, 08:23:31 PM
 #94

To be truthful, I can not think a future without digital currencies. There will be an economic crisis eventually and fiat currencies will weaken by that. That will be a turning point for digital currencies.
Break your stereotypes. Why should a crisis happen? The success of the cryptocurrency will only be in symbiosis with a successful economy.



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November 08, 2019, 08:54:39 PM
 #95

To be truthful, I can not think a future without digital currencies. There will be an economic crisis eventually and fiat currencies will weaken by that. That will be a turning point for digital currencies.
Define economic crisis from your point of view? I don't get it. Why do people keep on saying that there will be an economic crisis eventually but bitcoin or other crypto currencies are going to be there to help. Like how? It makes no sense at all! During a economic crisis, removing a fiat currency and adding crypto currencies might end up making things more worse than before.
If you still believe how it is going to help in economic crisis, can you tell me how? I am really curious to know.

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November 08, 2019, 09:41:57 PM
 #96

when bitcoin is dont exist, we will make other thing like a king. something like digital money, and now many platform give change or discount to you as digital money. people will face the future with new technology, they will be use that thing to their daily. and people will learn something if it give advantage to them, moreover give you salary. apreciate to people that want to learn more about bitcoin, not only for theirsleves, but also for around, to teach and spread it
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November 09, 2019, 07:06:36 AM
 #97

Well!! Day by day the popularity of bitcoin is increasing massively.

Did you know? According to the founder of coinbase Brian Armstrong  "owning a one bitcoin will become a big deal"
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November 09, 2019, 07:35:54 AM
 #98

But what are the benefits of that honestly ? When you think about it if you are buying a loan with respect to Bitcoins and you have to give it away somehow with an interest , it will be easy if you just take a loan in form of money from some bank and then use it to buy Bitcoins this way you could just return the money instead of returning Bitcoins because no one knows what will the price of it be in the future.

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November 09, 2019, 11:06:36 AM
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 #99

True. One way of having a future with bitcoin is to invest in it. Buy and hold because will eventually surpass its current price.
Trading is also a way to earn bitcoin for the future. Study the way it rises and falls and cash in on it. You can trade against alt-coins too.
Be wise. Safe for the future.

I have Bitcoin from 2012. And I see how actively developing Bitcoin. In 2012 not many people knew about Bitcoin and cryptocurrency. Now I think that all people know what is Bitcoin, that cryptocurrency exist. A lot of people use cryptocurrency. I think that in the future more people will use Bitcoin and Bitcoin will become even more popular that is is now. Soon it will be a halving of Bitcoin and the price of Bitcoin will continue to grow.
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November 09, 2019, 11:21:29 AM
 #100

I know that from perspective of someone that is using Bitcoin it's hard to understand there are some people who don't want to do that or have some doubts. However, everyone has the right to its own opinion and it's a bit to harsh to say that Bitcoin who don't want to use Bitcoin, don't want the future. It's true, cryptocurrencies are here to stay and are definetely part of future and progress but not everyone belongs to that.

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