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Author Topic: The Future of Crytopcurrency  (Read 1475 times)
Anish02
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June 14, 2020, 05:32:50 PM
 #61

As per the time, the world is changing so fast and during this time the cryptocurrency has been evolving and reaching towards everyone. As of now, many countries have started supporting cryptocurrency. So we can hope that within 10 years, many countries would replace their fiat with cryptocurrency.
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June 14, 2020, 05:40:04 PM
 #62

How do you think?

there is a lot of work to be done, for example:

what is the use of altcoin in the real world?

how many people with basic knowledge use altcoins without having any problems?

how to combat the pump and dump scheme that is constantly occurring in altcoins?

We cannot continue to see new altcoins coming up with different ideas every day, but in the real world few people use such a project because they don't even know the project

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June 14, 2020, 06:30:57 PM
 #63

Blockchain technology will rule the world in near future. So crypto currency is needed to run it properly. It can be happened when maximum countries will accept it and there will no barrier to use it in our daily life. Then it will be more valuable and the system will be changed.

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June 14, 2020, 09:42:25 PM
 #64

Believe it or not, we all like our privacy in any situation. Decentralized finance is very useful to us to protect our privacy. In future cryptocurrency could rule the world, only against it our government. But by force or situation we could use to it, decentralized exchange should be popular when centralized exchange is becoming popular.
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June 14, 2020, 10:45:29 PM
 #65

The cryptocurrency and blockchain technology are the future themselves. Just that it won't come as soon as people expect.
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June 14, 2020, 11:23:41 PM
 #66

The cryptocurrency and blockchain technology are the future themselves. Just that it won't come as soon as people expect.
It's more than what already expected by people. If we are talking about the price that comes from the coin that already becomes a part of blockchain ecosystem and that will now make sense to discuss that but the adoption of blockchain is growing so fast.

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June 14, 2020, 11:32:06 PM
 #67

The cryptocurrency and blockchain technology are the future themselves. Just that it won't come as soon as people expect.
It's more than what already expected by people. If we are talking about the price that comes from the coin that already becomes a part of blockchain ecosystem and that will now make sense to discuss that but the adoption of blockchain is growing so fast.
Is it really growing fast?
I think, in my opinion, the adoption is still slow, but even at that, it is obvious that we are moving. There are more innovations happening almost on a daily basis. Now extending such development to the world, in general, is what remains.
Several people are trying to apply, but there are certain projects in the works of life that are not applicable.
I think if the government and other regulatory bodies can come out to show their supports, there will be a widespread development and adoption will jot be a problem.
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June 15, 2020, 01:31:00 AM
 #68

Blockchain technology will rule the world in near future. So crypto currency is needed to run it properly. It can be happened when maximum countries will accept it and there will no barrier to use it in our daily life. Then it will be more valuable and the system will be changed.
I am also waiting for this to happen because blockchain is playing a very important role in everyone's present life. I think that if the investment demand is higher in the future, the crypto market will be easier to develop.

However, a large number of countries still do not have a good view of this market, so they will surely spread false information about this market.

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June 15, 2020, 04:20:22 AM
 #69

Governments "will not" be silence to this? I mean it has been going around for 10 years now and governments all around the world are making some laws about crypto already supporting it. Sure there was a lot of times when governments did go against it but at the same time I feel like that small number means nothing when most of the worlds governments accepts bitcoin.

Right now the biggest country in power is probably USA and they have states (no federal laws regarding crypto afaik) that accepts crypto payments for taxes as well. So, I would like to say that governments will do nothing bad to it, they will support it. At least that is what they have done so far and they have raised billions of dollar in taxes combined, why would they change it later?
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June 15, 2020, 04:39:38 AM
 #70

With blockchain data can be stored in a decentralized public book.

With cryptocurrency, we can make anonymous transactions without centralized intervention.

If you add speed and spread to the public, then the future is cryptocurrency.

How do you think?
There is a thing called privacy coins that is exactly what best describe this. They are not govern by most centralized platform except for market trades but their concept is much similar to what you are asking. Their platform works like a privacy book encompasses of most data movement. Such example of this is monero which is highly commendable coin on cryptocurrency. There are some who followed this path but not sure of their potential.

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June 15, 2020, 05:01:07 AM
 #71

In my opinion, using cryptocurrency in the public is optional now or even in the future because there are people who are not willing to try but I also think that there is a possibility that some transaction in the future is need to be digitalized or should be online payment like cryptocurrency in cases that covid-19 is still spreading in different countries.

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June 15, 2020, 05:10:08 AM
 #72

You can review and look back where people at that time, not many people knew and used Bitcoin, but the number of shops and outlets that goods can be bought with crypto increased, more than 13 thousand shop services that use payment with Bitcoin, of course the number 13 thousand has not spread evenly. Many people do not know Bitcoin yet.

Crypto at this time you can see for yourself continue to show advantages, growing and could be a crypto method will appear in new payments in the future, for that financially, cryptocurrency still has positive values ​​and signals for the future.

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June 15, 2020, 10:02:28 AM
 #73

In my opinion, using cryptocurrency in the public is optional now or even in the future because there are people who are not willing to try but I also think that there is a possibility that some transaction in the future is need to be digitalized or should be online payment like cryptocurrency in cases that covid-19 is still spreading in different countries.
That will be back to every people. If they want to use cryptocurrency, then we will see the number of people who uses crypto will increase, and that can bring the adoption process will happen fast. Without new people who will use crypto, crypto will not grow in the future and only a few numbers of people who will use crypto while the other will still use fiat money to make a transaction.
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June 15, 2020, 10:23:13 AM
 #74

In my opinion, using cryptocurrency in the public is optional now or even in the future because there are people who are not willing to try but I also think that there is a possibility that some transaction in the future is need to be digitalized or should be online payment like cryptocurrency in cases that covid-19 is still spreading in different countries.
That will be back to every people. If they want to use cryptocurrency, then we will see the number of people who uses crypto will increase, and that can bring the adoption process will happen fast. Without new people who will use crypto, crypto will not grow in the future and only a few numbers of people who will use crypto while the other will still use fiat money to make a transaction.
Right! The pandemic creates a chance for cryptocurrency market to be widely recognized by people. However, it's still hard to say that cryptocurrency will be the popular method of payment in the near future. The reason is that even now the banks offer a lot of mobile banking app that don't even need to you swipe your credit card!

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June 15, 2020, 10:35:05 AM
 #75

The cryptocurrency and blockchain technology are the future themselves. Just that it won't come as soon as people expect.
It's more than what already expected by people. If we are talking about the price that comes from the coin that already becomes a part of blockchain ecosystem and that will now make sense to discuss that but the adoption of blockchain is growing so fast.
Is it really growing fast?
I think, in my opinion, the adoption is still slow, but even at that, it is obvious that we are moving. There are more innovations happening almost on a daily basis. Now extending such development to the world, in general, is what remains.
Several people are trying to apply, but there are certain projects in the works of life that are not applicable.
I think if the government and other regulatory bodies can come out to show their supports, there will be a widespread development and adoption will jot be a problem.
Yes it is, do you know how long has already taken by bubble dotcom to be a very big thing right now?
Those who have used non sense ideas to be implemented into the blockchain ecosystem must not be included but remember the adoptions are growing so fast. 

Some countries have been showing their supports but that needs more time to go to make whole countries consider blockchain and crypto as serious things.

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June 15, 2020, 10:39:01 AM
 #76

I think the cryptocurrency and the fiat will both be using for a long time ...
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June 15, 2020, 01:14:11 PM
 #77

In my opinion, using cryptocurrency in the public is optional now or even in the future because there are people who are not willing to try but I also think that there is a possibility that some transaction in the future is need to be digitalized or should be online payment like cryptocurrency in cases that covid-19 is still spreading in different countries.
That will be back to every people. If they want to use cryptocurrency, then we will see the number of people who uses crypto will increase, and that can bring the adoption process will happen fast. Without new people who will use crypto, crypto will not grow in the future and only a few numbers of people who will use crypto while the other will still use fiat money to make a transaction.
Right! The pandemic creates a chance for cryptocurrency market to be widely recognized by people. However, it's still hard to say that cryptocurrency will be the popular method of payment in the near future. The reason is that even now the banks offer a lot of mobile banking app that don't even need to you swipe your credit card!
Very few people choose to use crypto to pay because it's too slow compared to credit cards. I have not seen any store in the country I use because the value of each coin fluctuates very quickly, and the amount we pay for will certainly never be accurate. Ideally, you should only choose long-term investment and hold for a period of time to make a profit because this is the financial market rather than the place for you to use to pay.



                                                                                                                                             
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June 15, 2020, 01:40:32 PM
 #78

Cryptocurrency is technology-based, which leaves this investment open to cyber attacks. Hacking is a serious risk, since there is no way to retrieve your lost or stolen bitcoins. According to popular opinion, these are the three main contenders to become the next big cryptocurrency.
indeed that is the most feared for cryptocurrency investors, so take good care of our wallets so they do not fall into irresponsible hands and add security to our wallets with several other applications such as Authenticator.
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June 15, 2020, 01:51:21 PM
 #79

The only problem with the cryptocurrency right now to be the future is the speed of transaction and the government acceptance inclusive. The payment method brought to us through cryptocurrency is one of the best ways to keep safe from the centralized systems that has been in existence from ages. Slow in cryptocurrency transactions is the issue many are waiting to get ride off, when this is done the future of the internet money will shoot to the moon. Hope the Lightning Network help to eradicate the slow rate at which cryptocurrency transactions are done.

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June 15, 2020, 02:09:33 PM
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With blockchain data can be stored in a decentralized public book.

With cryptocurrency, we can make anonymous transactions without centralized intervention.

If you add speed and spread to the public, then the future is cryptocurrency.
Speed is not the criteria here. For example, bitcoin transactions are instant but only confirmation need sometimes as per in controversial perception. Already there are a lot of other coins are available in the market if you are concerned about quicker confirmation. But I agree with you that we must need make more people to adopt cryptocurrencies so that it will be the definite future of all of us. Without making more people to adopt cryptocurrencies, we cannot have bright future even how efficiently cryptocurrencies are working.

Slow in cryptocurrency transactions is the issue many are waiting to get ride off, when this is done the future of the internet money will shoot to the moon. Hope the Lightning Network help to eradicate the slow rate at which cryptocurrency transactions are done.
Yes, third-party enhancements will help to solve waiting time hassles of cryptocurrencies. Other than lightning network, for example if people are using coinbase wallets, then transactions between coinbase to coinbase will be instant. I know it is not the part of decentralization still just for example I am saying.
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