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Author Topic: What the future holds for bitcoin  (Read 652 times)
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September 24, 2020, 09:20:53 PM
 #1

BTC is gradually gaining its grounds in the financial institute. Most people prefer using bitcoin as a medium of exchange. Before the advent of bitcoin local and foreign currencies were the only means of financial transactions. Currently BTC has gone beyond bothers and has also made transactions safer and faster without much stress of converting from one currency to another. From my own opinion its a better way of accumulating wealth and secure a perfect future of cashless policy

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September 24, 2020, 10:22:21 PM
 #2

From my own opinion its a better way of accumulating wealth and secure a perfect future of cashless policy
Too early to say this. Not only because people arround the world still need more time to accept the tech and adopt it, but we can't deny the fact that bitcoin can't replace all the circulating FIAT arround the globe. In a recent analysis, 1 bitcoin should be worth $1 million if we aim to replace just the dollar currency.
Without to forget that bitcoin is still in early stages as a global currency and its network still need to be maintained by devs in order to make it stronger and solid.
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September 24, 2020, 10:58:01 PM
 #3

If I can save fiat at home safely without any thief coming, it will be good. If I can transfer my fiat to a family abroad without the bank or any third party, it will be good. If I have not made transactions before leading to error while using fiats, it will be good. If I can maintain privacy to an extent while using fiat, it will be good. If the fiat in my country is not declining in value, it will be good.  The bank I am using have just reduced maximum MasterCard international transafer from $500 to $100 monthly, worth an inconvenience.

In fact, centralization of money needs alternative.

With bitcoin, which is an alternative and a decentralized money, I can be my own bank, make transactions which will never fail but go through so far I send to the right address, I can easily transfer as many as possible bitcoin that I own to family and friends, I can have my privacy. People do not have option is the reason they are using fiat, bitcoin serves the real purpose of money, but ignorance makes people not to realize.

I sent bitcoin from my country to a friend abroad few days ago, all just at my home with ease of transactions. And that aside, bitcoin is still at its early stage, it will surely reach all time high again, it has brighter future. A money not imposed on anyone by governments or any centralized body to spend but decided by individual.

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September 24, 2020, 11:35:29 PM
 #4

Bitcoin is financial freedom. When people learn to use it it is certain that they continue to trade for various purposes. They will probably always have Bitcoin in their wallet. Why not take advantage of the fact that it is the first active crypto in the market to make it more usable?.

While we are suffering from this global health crisis, Bitcoin has played an important role when it comes to transferring funds without borders.
For these and for many reasons, Bitcoin has been useful to provide timely responses that would have been difficult for traditional banking systems.
IMO Bitcoin has a promising future.

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September 24, 2020, 11:42:38 PM
 #5

Bitcoin has a steady progress in mass adoption and recently Bitcoin ETF has been legally approve by the proposal of NASDAQ. This should gain more exposure to Cryptocurrency, and fuel a next major bull run.
It's better to accumulate now while the price is still affordable, because we know bitcoin supply is limited its more like gold but better, and convenient and secured because its doesn't follow the conventional centralized system of banks.

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September 24, 2020, 11:48:08 PM
 #6

Most people prefer using bitcoin as a medium of exchange.
And there are us who want it to be used as a store of value rather than a medium of exchange. Needless to say, if it's not because of most people that are using it as a medium of exchange which should be makes the liquidity high.
The future for bitcoin is somehow predictable within two possible results, will keep going or will eventually be upgraded or replaced by a newer one but we're very much too far from this scene.



 

 

 

 

 

 


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September 24, 2020, 11:58:40 PM
 #7

Too hard to say the market price of the bitcoin is too much volatile but still invest at your own risk many people are making more money with the use of it, it needed a to have a good on technicals skills you must need to learn more experience too it's up to you how to earn

If you will hold the coin and wait for the right time to earn profit.

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September 25, 2020, 12:37:32 AM
 #8

BTC is gradually gaining its grounds in the financial institute. Most people prefer using bitcoin as a medium of exchange. Before the advent of bitcoin local and foreign currencies were the only means of financial transactions. Currently BTC has gone beyond bothers and has also made transactions safer and faster without much stress of converting from one currency to another. From my own opinion its a better way of accumulating wealth and secure a perfect future of cashless policy


"Most people prefer using bitcoin as a medium of exchange" ..I'm not sure what you mean by this exactly but most people still use cash all across the globe. Also not sure what you mean by "its a bette way of accumulating wealth".  Technically bitcoin is not an investment.  Though it is used as one, like a fiat currency is, but its very volatile and that typically does not make for a great way to accumulate wealth.

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September 25, 2020, 01:24:49 AM
 #9

From my own opinion its a better way of accumulating wealth and secure a perfect future of cashless policy

I don't agree if bitcoin is a means of accumulating wealth quickly, because a lot of people are getting poor quickly because of bitcoin, so it would be better if bitcoin was a payment alternative,
and for investment, it is a personal choice with the risk that must be borne by yourself, because if a new user who wants to get rich quick but does not understand the knowledge, then it is not the profit he gets but loses.
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September 25, 2020, 01:43:32 AM
 #10

Bitcoin has a steady progress in mass adoption and recently Bitcoin ETF has been legally approve by the proposal of NASDAQ.

unless you have heard a fresh news that i'm not aware of, you are thinking of  some other country accepting a bitcoin ETF not the US in their NASDAQ and it really isn't an indication of mass adoption, it shows some adoption since ETFs are really bad.

There is a FOMO brewing...
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September 25, 2020, 02:00:14 AM
 #11

definitely has potential as continued to be adopted and developed
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September 25, 2020, 03:16:25 AM
 #12

Bitcoin has a steady progress in mass adoption and recently Bitcoin ETF has been legally approve by the proposal of NASDAQ. This should gain more exposure to Cryptocurrency, and fuel a next major bull run.
It's better to accumulate now while the price is still affordable, because we know bitcoin supply is limited its more like gold but better, and convenient and secured because its doesn't follow the conventional centralized system of banks.

Nah, it's the ETF you are talking are outside of the US so I doubt that it will gain exposure. The exposure we need is for the unbank people to go full crypto.

Regarding the future for Bitcoin, we are still fairly young and at ten years old, the future is still open. It could be the digital money that we wanted it to be, used online as payment and for remittances around the globe. But it is still early, we can accumulate as much as we can for the future, but it doesn't mean that we are going to become wealthy.

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September 25, 2020, 03:17:38 AM
 #13

Bitcoin was meant to be used as a currency. But it is understandable that with the huge price rise many people will just hold. Many big investors keep saying bitcoin will be at least $100.000 in a couple of years. So Holding is the wisest decision currently as high growth in the forthcoming months. as long as traders practice HODLing the price will definitely rise and also influence the altcoins to be stabilized as well.
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September 25, 2020, 03:35:11 AM
 #14

Most people are not using Bitcoin as a medium of exchange. Most of them are keeping or hodling their Bitcoins for the future as many believe the fiat value of Bitcoin today is far lower than it will be tomorrow.

Just like your opinion, many people see Bitcoin as a better or even easier way to accumulate wealth. With this view, you will most likely keep your Bitcoin rather than spend it, thereby losing its role as a medium of exchange. People are hoarding it instead of letting it go.

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September 25, 2020, 04:11:02 AM
 #15

Most people prefer using bitcoin as a medium of exchange.
I'd say it's mostly a speculative investment than a medium of exchange for most people, as the places where you can actually spend bitcoin is really minuscule.

Currently BTC has gone beyond bothers and has also made transactions safer and faster without much stress of converting from one currency to another.
It's really not. Bitcoin's safety completely depends on how knowledgeable the user is concerning security(which most people don't take seriously); and also, bitcoin's speed depends on the fees you're willing to pay.

Ultimately, I'm a bitcoin bull too, but it's a lot more healthier to be realistic when looking at Bitcoin's advantages and disadvantages, and not look at everything as a positive.

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September 25, 2020, 05:07:59 AM
 #16

BTC is gradually gaining its grounds in the financial institute.
Which "financial institute" you talk about? It is wrong to consider any one so I believe you are referring to big banks in general. In that case, you are wrong. It has only hustled into the game till now.

Quote
Most people prefer using bitcoin as a medium of exchange.
Wrong. Fiat is way more in usage than bitcoin. What is the source of support for your statements? I have the counter argument statements though which were posted in this forum too.

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Before the advent of bitcoin local and foreign currencies were the only means of financial transactions. Currently BTC has gone beyond bothers and has also made transactions safer and faster without much stress of converting from one currency to another.
Bitcoin is not just safe transactions. It is about the resistance to censorship and its decentralized concept that make it advantageous for common people to use without having to go through a middleman. Even then fiat is the bigger whale in the game. Bitcoin's usage is still in the single digit percentage.

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From my own opinion its a better way of accumulating wealth and secure a perfect future of cashless policy
That type of thinking will only lead to frustration because comparing the time for which you live, probably bitcoin will not boom within it but take much longer. Hence it is better you buy and sell, keep the cycle going instead of stubbornly holding.

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September 25, 2020, 05:43:09 AM
 #17

Bitcoin has been gaining its goal of why was created for. The whole world moving into digitalization, so as a part of this Bitcoin has been becoming more popular and spendable day by day. If you say gaining gradually in the financial institute then I wouldn't agree, Bitcoin isn't an instinctual currency, and it's fully decentralized.

I don't think most peoples preferring bitcoin as a medium of exchange since most peoples in the world don't know about Bitcoin still now. But yes, those we are Bitcoin users, we are looking always where we can use Bitcoin as a medium of exchange. Sending money becomes easier with Bitcoin worldwide with the hassle. But still, there is hassle convert your bitcoin into fiat since governments don't like to support.

As your title says, we don't know the exact future of holding bitcoin. Those hold bitcoin in back 2016, they become rich in 2017. But those hold bitcoin 2017 during the bull run, they become bagger. So no one can predict it, but if you have enough patience and ready to wait for a long, then you may expect a good return from bitcoin holding. Just you shouldn't be greedy.

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September 25, 2020, 05:51:05 AM
 #18

We re in the future an it's been more then a decade to use bitcoin. Just imagine in a decade what happened in blockchain, thousands of company has built based on it. Millions has started to use cryptocurrency. All of these influence to bitcoin. I won't be shocked or get surprise after decade if the all of the worlds gets to familiar with blockchain, and use cryptocurrency.
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September 25, 2020, 06:32:08 AM
 #19

Digitalization for the word of innovation is the stage that we recently have now. This is what I see in the future of Bitcoin, the potential to be a number 1 decentralized currency that leads to any payment method. We always wanted to compared bitcoin into fiat but the fact, they have both useful, the more payment methods which makes people easier to choose which they convenient at.

Accumulating and holding for a long-term purpose is a wise decision, more adoption of bitcoin will make the demand less and it will also affect the price that results from a bullish trend. Bitcoin is already in medium exchange but we're lack of adoption due to the reason of very often incidents of scam, people's afraid to be a scam.

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September 25, 2020, 07:22:10 AM
 #20

For me it is not so early to say it. I already think so. Always step by step andd what we are sure is more and more people accept and join this crypto world!! Smiley   As we used the cash, in the beginning people could't accept the card either. Event thoug right now there are still some people who insist on using cash.
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September 25, 2020, 07:37:03 AM
 #21

BTC is gradually gaining its grounds in the financial institute. Most people prefer using bitcoin as a medium of exchange. Before the advent of bitcoin local and foreign currencies were the only means of financial transactions. Currently BTC has gone beyond bothers and has also made transactions safer and faster without much stress of converting from one currency to another. From my own opinion its a better way of accumulating wealth and secure a perfect future of cashless policy
Are you sure "most people prefer using bitcoin as a medium of exchange"? I mean most people prefer paying with cash as far as I know. They don't like paying with any kind of cashless system (yeah, most shops also prefer they pay with cash!). True bitcoin has gone beyond borders and we can't deny the security of it. But saying it is faster and safer isn't completely correct. It is safe for someone receiving it, not for someone sending it. I mean if they send it to the wrong address or to a scammer, there is no getting it back. Faster? It sometimes takes more than hours to get single confirmation if you don't pay premium fees. The future is unknown. If a better currency is created, bitcoin would just be used as a medium of storage.

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September 25, 2020, 07:50:31 AM
 #22

I believe Bitcoin can become a global currency in the future, not to replace fiat. But as an alternative payment option,
therefore investing in Bitcoin is very profitable. Can be a lesson for all of us when Bitcoin was first started trading,
the price is very cheap. But looking at Bitcoin price today which reached $ 10,600 then Bitcoin future is very bright.
My advice is to collect Bitcoin from now on if you want to become a millionaire.

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September 25, 2020, 08:58:43 AM
 #23

For now accumulating wealth is still a bit unreliable.

The price is still unpredictable and unless you are not that kind of person that would dump your Bitcoin after a huge downfall, you could just hold it. I am not saying that it is bad but right now it is unreliable since there are better assets right now that could give you reliable profits in time. I am holding Bitcoin but I don't hold all of my savings to Bitcoin.
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September 25, 2020, 09:19:20 AM
 #24

Most people prefer using bitcoin as a medium of exchange.
Did you use Bitcoin to pay household bills, taxes, and regular shopping? I doubt it, you'll still use fiat.

Bitcoin is not really good option to pay regular shopping due to high volatility. You'll need to pay higher fees for get confirmed faster, or you'll need to wait until the price is same as your purchase.


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September 25, 2020, 09:34:53 AM
 #25

Most people prefer using bitcoin as a medium of exchange.
Did you use Bitcoin to pay household bills, taxes, and regular shopping? I doubt it, you'll still use fiat.

Bitcoin is not really good option to pay regular shopping due to high volatility. You'll need to pay higher fees for get confirmed faster, or you'll need to wait until the price is same as your purchase.



I agree. The only way for Bitcoin to be viable is through the use of lightning network which as of now is still not fully developed and will probably take more years to be useable for common people. Another option is the use of centralized 3rd-party wallet that accepts Bitcoin to pay for bills, shopping, etc (I personally use this because of how convenient it is with Bitcoin).

Overall Bitcoin still has room to grow and too undeveloped to be compared to a fiat.
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September 25, 2020, 09:35:37 AM
 #26

From my own opinion its a better way of accumulating wealth and secure a perfect future of cashless policy
I would agree on the latter part because bitcoin really gives us the futuristic feeling. However, we're still not sure if such feature will get harnessed by the entire world and totally replace cold cash in the future. You know, fiat got its own advantages which crypto can't beat Grin.

When it comes on the first part, I barely agree to you. Why? Because it is volatile and don't hold an intrinsic value compare to gold or other precious metals. Try to find other means of investment if you really want to store value because crypto is so unpredictable. You can't expect a great or at least same outcome after holding it for a very long time.
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September 25, 2020, 11:27:20 AM
 #27

accumulating wealth in the form of accumuating a bitcoin ? that sounds verry basic if that is the new way to get rich than doing the traditional saving of money which can take more longer  .

when we already accumulated a wealth , this  can secure our future and our families but we can mind the cashless policy because being cashless isnt really that a big deal  .  we can worry more  if there is no more cash or physical ways of transacting  .
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September 25, 2020, 01:03:15 PM
 #28

BTC is gradually gaining its grounds in the financial institute. Most people prefer using bitcoin as a medium of exchange. Before the advent of bitcoin local and foreign currencies were the only means of financial transactions. Currently BTC has gone beyond bothers and has also made transactions safer and faster without much stress of converting from one currency to another. From my own opinion its a better way of accumulating wealth and secure a perfect future of cashless policy

And yes, a way to think that Bitcoin has a better future but I was not thinking that this is a secure currency. We should have to keep thinking about the volatility itself that it makes its future still unpredictable and less secure. What I am just hoping that people will look into this as a currency, not an investment. Because if that will happen, we probably see that more establishments are accepting Bitcoin, more ATM's install, and widen the adoption.

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September 25, 2020, 01:17:43 PM
 #29

No one can make any claims about the future of bitcoin and cryptocurrencies. Until now people entered the crypto market hoping to invest and make a profit.
However, we can fully hope that in the future, bitcoin and cryptocurrencies will develop, then blockchian technologies will serve life and bitcoin is accepted worldwide.


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September 25, 2020, 01:48:01 PM
 #30

BTC is gradually gaining its grounds in the financial institute. Most people prefer using bitcoin as a medium of exchange. Before the advent of bitcoin local and foreign currencies were the only means of financial transactions. Currently BTC has gone beyond bothers and has also made transactions safer and faster without much stress of converting from one currency to another. From my own opinion its a better way of accumulating wealth and secure a perfect future of cashless policy


Nobody know what tomorrow may bring in bitcoin, it's too early to know the future of bitcoin. So far, let's enjoy using bitcoin with less hassle ,fast transaction and cashless payment. Also just enjoy the benefits it gives to us. Earn as much as you can using bitcoin.

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September 25, 2020, 01:58:42 PM
 #31

As Forbes as of late said, Bitcoin’s Rally in 2020 appears to be more maintainable than some time recently. Whereas within the to begin with half of 2019, BTC had a few critical cost picks up. Afterward final year dropped down once more and again. As retailers are increasingly curious about advertising Bitcoin installment, the rally begun once more. Between January and February 2020, the Bitcoin was picking up more than 50%. Possibly this can be fair the begin of more ventures.
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September 25, 2020, 02:12:57 PM
 #32

Easy to say when you live in an urban section of your country.
But when you go rural, you will see a huge difference.

They are still leaning in paper money with every transaction they make.
No smartphones or if they do, just 1 per family.
Sure, bitcoin might be the future but it's just way far to be implemented for now. Maybe if every country is Japan.  Wink
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September 25, 2020, 02:15:30 PM
 #33

Most people prefer using bitcoin as a medium of exchange.
Did you use Bitcoin to pay household bills, taxes, and regular shopping? I doubt it, you'll still use fiat.

Bitcoin is not really good option to pay regular shopping due to high volatility. You'll need to pay higher fees for get confirmed faster, or you'll need to wait until the price is same as your purchase.



I agree. The only way for Bitcoin to be viable is through the use of lightning network which as of now is still not fully developed and will probably take more years to be useable for common people. Another option is the use of centralized 3rd-party wallet that accepts Bitcoin to pay for bills, shopping, etc (I personally use this because of how convenient it is with Bitcoin).

Overall Bitcoin still has room to grow and too undeveloped to be compared to a fiat.

Talks about Lightning have been going on for several years, but so far nothing has been implemented in the main network... Nobody knows how long this development will last! That's why at the moment bitcoin is a bad tool for daily payments!

It seems to me that bitcoin can become a means of payment, if everything in this world will be evaluated in bitcoins, and while it has a crazy volatility, it is just unreal!

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September 25, 2020, 03:13:18 PM
 #34

From my own opinion its a better way of accumulating wealth and secure a perfect future of cashless policy
Too early to say this. Not only because people arround the world still need more time to accept the tech and adopt it, but we can't deny the fact that bitcoin can't replace all the circulating FIAT arround the globe. In a recent analysis, 1 bitcoin should be worth $1 million if we aim to replace just the dollar currency.
Without to forget that bitcoin is still in early stages as a global currency and its network still need to be maintained by devs in order to make it stronger and solid.

I disagree about the first sentence you've said. It was never too early when understand the whole Blockchain and how cryptocurrency works, that alone can conclude that we have a brighter future ahead than those people who don't understand what cryptocurrency really is, unless the Government all over the world starts to see it that way. Japan is the first ever country who adapts Bitcoin as a way of payments or cashless transaction, if I'm not mistaken.

And with that, I can proudly assume that it helps their economy so much more that is why their country is richer and advanced than the other countries when it comes to technology.
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September 25, 2020, 05:16:31 PM
 #35

I disagree about the first sentence you've said. It was never too early when understand the whole Blockchain and how cryptocurrency works, that alone can conclude that we have a brighter future ahead than those people who don't understand what cryptocurrency really is, unless the Government all over the world starts to see it that way. Japan is the first ever country who adapts Bitcoin as a way of payments or cashless transaction, if I'm not mistaken.

And with that, I can proudly assume that it helps their economy so much more that is why their country is richer and advanced than the other countries when it comes to technology.
A country accepting BTC as a way of payment =/= Bitcoin could become the leader, ahead of fiat and CBDCs. Bitcoin's amount of txs are way too low at the moment to pose a big risk to fiat and they're preparing CBDCs anyway that'll be widely adopted. The governments will never give up power and kneel in front of a decentralized governance. What's even worse is that the world has never been completely decentralized for thousands of years - so removing central authorities may actually destroy the world's current state.

Remember, there'll always be people fighting for power and leadership. As long as they exist, governance will as well.
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September 25, 2020, 05:20:52 PM
 #36

BTC is gradually gaining its grounds in the financial institute. Most people prefer using bitcoin as a medium of exchange. Before the advent of bitcoin local and foreign currencies were the only means of financial transactions. Currently BTC has gone beyond bothers and has also made transactions safer and faster without much stress of converting from one currency to another. From my own opinion its a better way of accumulating wealth and secure a perfect future of cashless policy

"Perfect future of cashless policy" is kinda not convincing phrase for me actually. It's more like just an alternative to cash we got right now. I can't see the time where there won't be cash anymore since it's gonna be a bit difficult to get used to it. Confirmation of transaction becomes an issue and you never want your money to experience delay upon receiving especially if it is an urgent matter.
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September 25, 2020, 05:48:44 PM
 #37

BTC is gradually gaining its grounds in the financial institute. Most people prefer using bitcoin as a medium of exchange. Before the advent of bitcoin local and foreign currencies were the only means of financial transactions. Currently BTC has gone beyond bothers and has also made transactions safer and faster without much stress of converting from one currency to another. From my own opinion its a better way of accumulating wealth and secure a perfect future of cashless policy


Well, of course. Bitcoin was made for that purpose (i guess?). Bitcoins utilization is very widely known for keeping transactions cashless and hassle free and that is why most people are suggesting it to be used legally and widely locally and even internationally. Although we can use it at the moment, it is still not recognized by most governments and its their loss of missing out on the opportunity of creating a better financial service out of Bitcoin.

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September 25, 2020, 07:27:45 PM
 #38

Too hard to say the market price of the bitcoin is too much volatile but still invest at your own risk many people are making more money with the use of it, it needed a to have a good on technicals skills you must need to learn more experience too it's up to you how to earn

If you will hold the coin and wait for the right time to earn profit.

That's one of the characteristics of bitcoin that newbies should know before investing to it.

Bitcoin is volatile in the market and dealing with it will make our investment to it become profitable.

Learning technical analysis will really help you to improve your performance and good decision making in your investments.

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September 25, 2020, 09:59:24 PM
 #39

Most people prefer using bitcoin as a medium of exchange.
Did you use Bitcoin to pay household bills, taxes, and regular shopping? I doubt it, you'll still use fiat.

Bitcoin is not really good option to pay regular shopping due to high volatility. You'll need to pay higher fees for get confirmed faster, or you'll need to wait until the price is same as your purchase.

Yep, I agree, at least for now. Bitcoin's volatility alone could be a big hindrance when paying for shopping or service. To someone who is doing it right now, I can say, they are really supporting the progress of this technology, but I won't blame those who don't at the same time, as most people in crypto space are seeking to make good profit.
Tx fees and speed won't be a problem in the near future when LN transactions are flawless.

R


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September 26, 2020, 11:23:21 AM
 #40

Too hard to say the market price of the bitcoin is too much volatile but still invest at your own risk many people are making more money with the use of it, it needed a to have a good on technicals skills you must need to learn more experience too it's up to you how to earn

If you will hold the coin and wait for the right time to earn profit.

That's one of the characteristics of bitcoin that newbies should know before investing to it.

Bitcoin is volatile in the market and dealing with it will make our investment to it become profitable.

Learning technical analysis will really help you to improve your performance and good decision making in your investments.

The vast majority are not utilizing Bitcoin as a mode of trade.
A large portion of them is keeping or holding their Bitcoins for the future.
I trust Bitcoin can turn into worldwide money, later on, I am not saying it will replace the fiat but it can replace the most of payment method.
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September 26, 2020, 12:18:36 PM
 #41

Too hard to say the market price of the bitcoin is too much volatile but still invest at your own risk many people are making more money with the use of it, it needed a to have a good on technicals skills you must need to learn more experience too it's up to you how to earn

If you will hold the coin and wait for the right time to earn profit.

That's one of the characteristics of bitcoin that newbies should know before investing to it.

Bitcoin is volatile in the market and dealing with it will make our investment to it become profitable.

Learning technical analysis will really help you to improve your performance and good decision making in your investments.

The vast majority are not utilizing Bitcoin as a mode of trade.
A large portion of them is keeping or holding their Bitcoins for the future.
I trust Bitcoin can turn into worldwide money, later on, I am not saying it will replace the fiat but it can replace the most of payment method.
yes, it is mostly used as a future investment or you could say it is a long-term investment, but in recent months it has been the opposite of what is usual because short-term investments have occurred several times in recent months.
Obviously, I really agree with your opinion, although maybe bitcoin will become a new trend of exchange, but obviously it will not be able to replace fiat, which is still very much needed. in fact there is complementarity in every trade in the future.

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September 26, 2020, 01:37:04 PM
 #42

When talking about the future, Im really having a hard time because we are still now dealing with a severe chaos and we really don't know when it will be over. Good thing, there is this Crypto currency world that we can work with and help ease the boredom and anxiety that we felt when thinking about all the losses in many forms. In connection with the thread, it feels great that Bitcoin extremely exceeds more than our expectations. And though, its too early to guess what will happen to this largest cryptocurrency in the market, and we really don't have the power to predict things in this world full of uncertainties...but, somehow I believe that Bitcoin will never fail to amaze those growing individuals that trusted it. It will be more popular and widely used in the future, that's for sure.
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September 26, 2020, 01:42:12 PM
 #43

Easy to say when you live in an urban section of your country.
But when you go rural, you will see a huge difference.

They are still leaning in paper money with every transaction they make.
No smartphones or if they do, just 1 per family.
Sure, bitcoin might be the future but it's just way far to be implemented for now. Maybe if every country is Japan.  Wink

It will take long time in many countries to get it full acceptable but slowly and steadily it has been started to be used by some of them in their daily life as well. though in many countries due to lack of acceptance or unclear laws it is still being used just to store it, but this change as well we will see in coming time. Bitcoin will grow as the years pass and more people will continue to become part of it.
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September 26, 2020, 02:23:52 PM
 #44

BTC is gradually gaining its grounds in the financial institute. Most people prefer using bitcoin as a medium of exchange.

I think you answered your question from the headline by yourself with these few words. It's happening for a while, +10 years, you know. Bitcoin is gaining trust from all sides, even with so many naysayers around... and what happened with some big naysayers around? They joined bitcoin after some time, they changed their mind about crypto after few years of watching how fast we are growing, by that I mean crypto community and all of us with it.
So what future holds? More adoptions, more development, more options, more of everything I guess, practically nobody here changed their opinion about bitcoin and bitcoin future once they joined, when you get hooked by crypto it's like for life I guess.

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September 26, 2020, 08:32:12 PM
 #45

most probably bitcoin price will rise, bitcoin adoption will rise and soon one will be able to pay bills and services with bitcoin. BTC price volatility is big, many times the volatility of a major state currency. this problem must be solved. i think governments will issue people to declare how many bitcoins they have and addresses etc. in case all becomes fully legal BTC have many advantages over todays fiat currencies but it will be fully accepted only after BTC pass all government regulations. till that moment BTC total market cap will be no more than 1-2 trillions USD.
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September 27, 2020, 12:17:04 AM
 #46

most probably bitcoin price will rise, bitcoin adoption will rise and soon one will be able to pay bills and services with bitcoin. BTC price volatility is big, many times the volatility of a major state currency. this problem must be solved.
(....)
What is much better these days is not to think the price of Bitcoin, we should not be excited about what Bitcoin price will reach in the future, we still don't have an idea what will happen.
We should first appreciate the beauty of Bitcoin, it is main use, not about investment, or the reason why we bought Bitcoin is to get rich easily, we should first learn about it or know more about Bitcoin.

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September 27, 2020, 12:49:01 AM
 #47

Of course the future for Bitcoin is very bright, so holds for Bitcoin will be very profitable. Knowing the price of Bitcoin which continues
to rise, the demand for Bitcoin continues to increase. If this happens it will be very profitable for Bitcoin holders. So many investors
hold Bitcoin for the long term, I am also thinking of holding Bitcoin for at least the next 5 years. And I hope that in 5 years, I can make
huge profits from Bitcoin, therefore from now on I will continue to collect as much Bitcoin as possible.

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September 27, 2020, 02:00:34 AM
 #48

BTC is gradually gaining its grounds in the financial institute. Most people prefer using bitcoin as a medium of exchange. Before the advent of bitcoin local and foreign currencies were the only means of financial transactions. Currently BTC has gone beyond bothers and has also made transactions safer and faster without much stress of converting from one currency to another. From my own opinion its a better way of accumulating wealth and secure a perfect future of cashless policy
It's not that they prefer it, but it is because it IS a medium of exchange, plus, most actually consider it as an investment even instead of a currency. And afaik, Bitcoins speed is still an issue, and that's why the lightning network is being introduced right now, though it's still at its infancy stages. Plus, if that were all Bitcoin could offer against centralized fiat, then the Government and banks could simply create their own digital fiat, with their own centralized system to make it faster. Such developments have been oddly delayed for some reason, but it would naturally be made in the near future.

R


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September 27, 2020, 04:48:23 AM
 #49

Of course the future for Bitcoin is very bright, so holds for Bitcoin will be very profitable. Knowing the price of Bitcoin which continues
to rise, the demand for Bitcoin continues to increase. If this happens it will be very profitable for Bitcoin holders. So many investors
hold Bitcoin for the long term, I am also thinking of holding Bitcoin for at least the next 5 years. And I hope that in 5 years, I can make
huge profits from Bitcoin, therefore from now on I will continue to collect as much Bitcoin as possible.

Although the future of bitcoin is bright due to a bullish trend coming soon, you don't have to fill your portfolio with bitcoin alone, altcoins can also be an alternative option,
I think five years is a short time, if you want maximum profit hold at least ten years from now, I believe the value of bitcoin at that time was at least fifteen times more expensive than today.
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September 27, 2020, 05:37:13 AM
 #50

Of course the future for Bitcoin is very bright, so holds for Bitcoin will be very profitable. Knowing the price of Bitcoin which continues
to rise, the demand for Bitcoin continues to increase. If this happens it will be very profitable for Bitcoin holders. So many investors
hold Bitcoin for the long term, I am also thinking of holding Bitcoin for at least the next 5 years. And I hope that in 5 years, I can make
huge profits from Bitcoin, therefore from now on I will continue to collect as much Bitcoin as possible.

Although the future of bitcoin is bright due to a bullish trend coming soon, you don't have to fill your portfolio with bitcoin alone, altcoins can also be an alternative option,
I think five years is a short time, if you want maximum profit hold at least ten years from now, I believe the value of bitcoin at that time was at least fifteen times more expensive than today.

I agree with you. The altcoin can help us make more bitcoin, especially if we can hold or trade it to profit in bitcoin. Bitcoin can be a short, medium, and long term investment at the same time. But the altcoin can be used for the short term investment because the altcoin price can change in that period.

Bitcoin's future will be bright, but many people can't hold it for a long time because many of them will worry about seeing bitcoin price will be too volatile from time to time. Besides that, many people will panic if they see the price drops too deep to make them sell their bitcoin because of panic.
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September 27, 2020, 05:44:02 AM
 #51

Of course the future for Bitcoin is very bright, so holds for Bitcoin will be very profitable. Knowing the price of Bitcoin which continues
to rise, the demand for Bitcoin continues to increase. If this happens it will be very profitable for Bitcoin holders. So many investors
hold Bitcoin for the long term, I am also thinking of holding Bitcoin for at least the next 5 years. And I hope that in 5 years, I can make
huge profits from Bitcoin, therefore from now on I will continue to collect as much Bitcoin as possible.

Although the future of bitcoin is bright due to a bullish trend coming soon, you don't have to fill your portfolio with bitcoin alone, altcoins can also be an alternative option,
I think five years is a short time, if you want maximum profit hold at least ten years from now, I believe the value of bitcoin at that time was at least fifteen times more expensive than today.

I agree with you. The altcoin can help us make more bitcoin, especially if we can hold or trade it to profit in bitcoin. Bitcoin can be a short, medium, and long term investment at the same time. But the altcoin can be used for the short term investment because the altcoin price can change in that period.

Bitcoin's future will be bright, but many people can't hold it for a long time because many of them will worry about seeing bitcoin price will be too volatile from time to time. Besides that, many people will panic if they see the price drops too deep to make them sell their bitcoin because of panic.
Bitcoin price is above 10k and with this amount we can buy and get more profit if investing on altcoin, what for bitcoin growing up just take profit above 10% only with amount $10k, how will be profitable if using this amount to buy potential altcoin like ethereum, ripple and litecoin or try to buy BNB, when price is raising up we can get much profit more than how much getting from investing with bitcoin, but bitcoin look less risk after investing and hold for long time.

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September 27, 2020, 02:12:47 PM
 #52

BTC is gradually gaining its grounds in the financial institute. Most people prefer using bitcoin as a medium of exchange. Before the advent of bitcoin local and foreign currencies were the only means of financial transactions. Currently BTC has gone beyond bothers and has also made transactions safer and faster without much stress of converting from one currency to another. From my own opinion its a better way of accumulating wealth and secure a perfect future of cashless policy


I don't really think most people today prefers using bitcoin as a medium of exchange. Some doesn't even know what bitcoin is honestly. And we have the problem with bitcoin having this image of scam and illegal activities. From what I've experience, fiat is still the efficient one to use. Less hassle with the online banking using credit and debit card, accessible to all the stores out there. Bitcoin has problem with that, I don't even want to talk about the volatility of bitcoin. I am hoping for bitcoin to reach that certain popularity, but I don't want to believe that it is already happening even though it's not. We have to face that bitcoin has a long way to go.

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September 27, 2020, 05:55:51 PM
 #53

No one can make any claims about the future of bitcoin and cryptocurrencies. Until now people entered the crypto market hoping to invest and make a profit.
However, we can fully hope that in the future, bitcoin and cryptocurrencies will develop, then blockchian technologies will serve life and bitcoin is accepted worldwide.
It is true that while no one can claim the future of Bitcoin and cryptocurrency, people hold on to it in the hope of investing and making a profit.

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September 27, 2020, 07:48:59 PM
 #54

Cashless cross border transactions have increased a lot. Same as the increase in the transaction, we've got more number of service providers in the market for competitive fee. If we believe these transactions are happening through bitcoin or any of the other cryptocurrencies, the answer is No. As per my knowledge the centralized service providers like PayPal is used much than local business services.

The future financial system is much connected with cryptocurrency, but if it is implemented without proper analysis and planning this will cause a huge inflation and economic collapse when there is 50% of the world population start using cryptocurrencies.
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September 27, 2020, 07:51:32 PM
 #55

I hope you have real data about more people prefer to use bitcoin as a medium of exchange because I'm sure, if the survey exists, at least you are still in the cryptocurrency circle so the data you get is about many people who prefer to use bitcoin. I'm not sure about that data, because even there are still many people around me or whoever I find in real life still doesn't know about bitcoin itself.

The future of bitcoin is indeed good if its growth can continue, because so far there are still many people who are new to bitcoin but don't understand and are also not interested in using bitcoin itself, in this case when the real usage has become increasingly popular then I'm sure, the future bitcoin future will be even better.

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September 28, 2020, 03:37:02 AM
 #56

~snip~
Bitcoin price is above 10k and with this amount we can buy and get more profit if investing on altcoin, what for bitcoin growing up just take profit above 10% only with amount $10k, how will be profitable if using this amount to buy potential altcoin like ethereum, ripple and litecoin or try to buy BNB, when price is raising up we can get much profit more than how much getting from investing with bitcoin, but bitcoin look less risk after investing and hold for long time.

Indeed. With just 10%, we invest in altcoin, giving us another opportunity to profit in bitcoin. If we can do that repeatedly, the profit will be bigger, and our bitcoin amount will increase. We still buy bitcoin at a low price if the price down too much, and while we also invest in altcoin, we can make a double profit in the future.

The bitcoin market now seems to move well because we almost touch $11k again, so that means we can see the chance to make another profit. If we already bought bitcoin at $10,500 yesterday and still hold it, our profit now will be $400, which is a good profit for us.
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September 28, 2020, 03:52:19 AM
 #57

It is still too early to say what happens but one thing is for sure. Bitcoin will spearhead the cashless revolution. Best case scenario is bitcoin as the sole currency around the globe and fiat will be a thing of the past, there will be a lot of studies and political maneuvers in order for this idyllic scenario to happen but this will my best case scenario. Worst case is total ban all around the world and overall price depreciation, the old and broken system will prevail. I do believe that we are arriving at the best case scenario because it has been a decade since bitcoin's inception and I think that is enough traction towards an idyllic scenario.

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September 28, 2020, 03:53:55 AM
 #58

~snip~
Bitcoin price is above 10k and with this amount we can buy and get more profit if investing on altcoin, what for bitcoin growing up just take profit above 10% only with amount $10k, how will be profitable if using this amount to buy potential altcoin like ethereum, ripple and litecoin or try to buy BNB, when price is raising up we can get much profit more than how much getting from investing with bitcoin, but bitcoin look less risk after investing and hold for long time.

Indeed. With just 10%, we invest in altcoin, giving us another opportunity to profit in bitcoin. If we can do that repeatedly, the profit will be bigger, and our bitcoin amount will increase. We still buy bitcoin at a low price if the price down too much, and while we also invest in altcoin, we can make a double profit in the future.
the thing is there are no repeatedly profiting in this market,we can make money at first but will lose at second or we can win twice and lose double.
Quote
The bitcoin market now seems to move well because we almost touch $11k again, so that means we can see the chance to make another profit. If we already bought bitcoin at $10,500 yesterday and still hold it, our profit now will be $400, which is a good profit for us.
yet not taking that 411k again,for couple of times since August and now September is almost done still struggling to move up.
It looks like we will stay in this until the Mid of 4th quarter or even before December.

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September 28, 2020, 03:54:59 AM
 #59

It depends on you when you are holding a coin.
Let's say for example is the bitcoin.
If you make an investment when the price of the coin is low there is a chance if make a hold for your coin for a long time and wait for the income of yours.

Holding is depended on the investor if you think you are winning on your hold why not hold until you achieve the target you want.

If you are already losing your money on your holding there are only choices,

You will trust your coin to make a comeback on it.
Or
Pull out your money and regret your investments lol.

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September 28, 2020, 04:59:41 AM
 #60

Bitcoin at that time did look very cheap, some threw it away to buy or do something and some also collected it because they knew that Bitcoin would be better in the future for its price and it has been proven that Bitcoin continues to grow and develop until now Bitcoin is still maintained at a price which is very good in cryptocurrency. Maybe Bitcoin will become a very good digital asset all over the world because everyone is using Bitcoin for their long-term investment compared to other assets in the future.

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September 28, 2020, 05:09:55 AM
 #61

Bitcoin won't be the official medium of exchange in cashless society. The future form of money is CBDC, not Bitcoin.
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September 28, 2020, 05:30:50 AM
 #62

Bitcoin won't be the official medium of exchange in cashless society. The future form of money is CBDC, not Bitcoin.
how come?mind to elaborate mate?Bitcoin may not be the medium of exchange in cashless society but what about CBDC?
crypto is the best competing currencies in future,with this many people will trust online payments and those others will be a second choice.
It is still too early to say what happens but one thing is for sure. Bitcoin will spearhead the cashless revolution. Best case scenario is bitcoin as the sole currency around the globe and fiat will be a thing of the past, there will be a lot of studies and political maneuvers in order for this idyllic scenario to happen but this will my best case scenario. Worst case is total ban all around the world and overall price depreciation, the old and broken system will prevail. I do believe that we are arriving at the best case scenario because it has been a decade since bitcoin's inception and I think that is enough traction towards an idyllic scenario.
Sole Currency worldwide?
that would be impossible to happen because Fiat will still until the end of the world,but of course just another option from bitcoin when the crypto revolution comes.
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September 28, 2020, 05:54:21 AM
 #63

Most people prefer using bitcoin as a medium of exchange.
Did you use Bitcoin to pay household bills, taxes, and regular shopping? I doubt it, you'll still use fiat.

Bitcoin is not really good option to pay regular shopping due to high volatility. You'll need to pay higher fees for get confirmed faster, or you'll need to wait until the price is same as your purchase.



I agree. The only way for Bitcoin to be viable is through the use of lightning network which as of now is still not fully developed and will probably take more years to be useable for common people. Another option is the use of centralized 3rd-party wallet that accepts Bitcoin to pay for bills, shopping, etc (I personally use this because of how convenient it is with Bitcoin).

Overall Bitcoin still has room to grow and too undeveloped to be compared to a fiat.

Talks about Lightning have been going on for several years, but so far nothing has been implemented in the main network... Nobody knows how long this development will last! That's why at the moment bitcoin is a bad tool for daily payments!

It seems to me that bitcoin can become a means of payment, if everything in this world will be evaluated in bitcoins, and while it has a crazy volatility, it is just unreal!
Once the Lightning network is perfected, utilized and implemented ease of payment with Bitcoin will be well embraced by many stores, companies e.t.c while it utilization as a medium of exchange will be swift then the much talk-about cashless society will take effect will full force, however Bitcoin volatility is really an issue that need to be addressed for us to achieved that aim and objective I believed once Bitcoin reached a certain price mark in the future there will be a stability in its price thus the issue of volatility will be addressed.

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September 28, 2020, 08:02:14 AM
 #64

I think holding of bitcoin tokens would be beneficial in future. But if we use some part of bitcoin tokens in many ways just like trading shoping etc.we get good earnings also with the bitcoin.l think so.
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September 28, 2020, 11:15:14 AM
 #65

Bitcoin"s future bright, it seems to be a cashless policy in the markets in the future.
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September 28, 2020, 12:23:58 PM
 #66

Easy to say when you live in an urban section of your country.
But when you go rural, you will see a huge difference.

They are still leaning in paper money with every transaction they make.
No smartphones or if they do, just 1 per family.
Sure, bitcoin might be the future but it's just way far to be implemented for now. Maybe if every country is Japan.  Wink

It will take long time in many countries to get it full acceptable but slowly and steadily it has been started to be used by some of them in their daily life as well. though in many countries due to lack of acceptance or unclear laws it is still being used just to store it, but this change as well we will see in coming time. Bitcoin will grow as the years pass and more people will continue to become part of it.
storing or using it both will help the currency to stay in value,People tend to Hold this even if it is not that accepted in their country looking for a chance that sooner it will be done,government only needs appreciation and belief and then acceptance is what followed.
Bitcoin"s future bright, it seems to be a cashless policy in the markets in the future.
this is all our prayers and hopefully will happen soon.cashless society is the future of the world either with bitcoin or other internet money.

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September 28, 2020, 12:33:11 PM
 #67

Easy to say when you live in an urban section of your country.
But when you go rural, you will see a huge difference.

They are still leaning in paper money with every transaction they make.
No smartphones or if they do, just 1 per family.
Sure, bitcoin might be the future but it's just way far to be implemented for now. Maybe if every country is Japan.  Wink

It will take long time in many countries to get it full acceptable but slowly and steadily it has been started to be used by some of them in their daily life as well. though in many countries due to lack of acceptance or unclear laws it is still being used just to store it, but this change as well we will see in coming time. Bitcoin will grow as the years pass and more people will continue to become part of it.

That's quite true for most South East Asian countries that is still relying on its Agricultural Sector. Rural parts of most countries does not even have available electricity and without Internet, the use of smartphones would be useless. Antennas that would receive Internet is also not available due to bad governing. If the country would really want to advance, they need to research about it and make necessary changes like Japan.

Slow and steady is the best way to do that.

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September 28, 2020, 12:50:51 PM
 #68


As time goes by, bitcoin adoption is getting broader and broader, but most countries are taking good plans before they allow bitcoin on their lands, there is no need to make bitcoin adoption faster. There's still so much time left.

Because governments are taking precautions on this kind of adoption or making it legal, if they found out that bitcoin is a great help to the community, we can get more assurance for our bitcoin investments. More trust because our government is trusting bitcoin. If I will be asks, I think bitcoin has more bright future to come.
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September 28, 2020, 01:34:47 PM
 #69

Bitcoin is so diferrent compare to other cryptocurrency.  Many government are now have interest on bitcoin because the way other communities are making use of it in the areas of business and other things.

Bitcoin future is a great one. Holding coins for a long time can also turn the life of the investors around for good. I will never forget the BTC i hold 2017 when it reduce to $780 and later go up 2019 to $3,322 before i now release them to market it was a great profit for me that year.
Many people are now having interest to use bitcoin to invest than making use of fiat money whish is very risk to carry about for investment.

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September 28, 2020, 02:17:36 PM
 #70

Needless to say, the credibility and acceptability of Bitcoin is growing day by day; At the same time, its value has also increased. Bitcoin is now widely used as a medium of transaction as well as investment. Bitcoin transactions can be done very easily, securely and at low cost. But the big problem is that its market value is very volatile. So I think you should think long term about investing in Bitcoin.

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September 28, 2020, 04:48:23 PM
 #71

Bitcoin won't be the official medium of exchange in cashless society. The future form of money is CBDC, not Bitcoin.
we dont know if that cashless society is true so its okay if btc is not the official coin for that and there are currencies that can be more of a candidate on that field but i dont think its your coin because i havent heard of that coin your promoting but it can be included on the future of money when it showed its worth  .

Needless to say, the credibility and acceptability of Bitcoin is growing day by day; At the same time, its value has also increased.
its price wont grow if not because of acceptance and being credible  . the three elements can be a gateway for btc to have a bright future .
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September 29, 2020, 03:41:44 AM
 #72

~snip~
the thing is there are no repeatedly profiting in this market,we can make money at first but will lose at second or we can win twice and lose double.

I think we can try to search for profit repeatedly, but with the good movements in the market, so you can have a chance to buy low and sell high. At this moment, I think we have that chance, but we need to be careful to trade.

The bitcoin market now seems to move well because we almost touch $11k again, so that means we can see the chance to make another profit. If we already bought bitcoin at $10,500 yesterday and still hold it, our profit now will be $400, which is a good profit for us.
yet not taking that 411k again,for couple of times since August and now September is almost done still struggling to move up.
It looks like we will stay in this until the Mid of 4th quarter or even before December.

If you don't make a profit for that $400, you can wait for the next days because the bitcoin price will give you another profit, and who knows, you can make more than just $400. But still, to wait for the big profit will need patience, and not all people can do that.

I feel the same as you. Perhaps, we will see the situations will be like this until the end of this year. But I have hope that the price will break $11k-$14k before the end of this year.
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September 29, 2020, 07:11:57 PM
 #73

From my own opinion its a better way of accumulating wealth and secure a perfect future of cashless policy
Too early to say this. Not only because people arround the world still need more time to accept the tech and adopt it, but we can't deny the fact that bitcoin can't replace all the circulating FIAT arround the globe. In a recent analysis, 1 bitcoin should be worth $1 million if we aim to replace just the dollar currency.
Without to forget that bitcoin is still in early stages as a global currency and its network still need to be maintained by devs in order to make it stronger and solid.

It will really take time before the people not just on certain countries but talking about people across the world would certainly accept and adapt into using Bitcoin for the fact that there are still common issues and different stands that different government from different countries are still up to against Bitcoin making it a big hindrance on the acceptance and adaptation of it. Added by the factor that most people are still into patronizing use of cash more likely compared to using digital money.

Needless to say, the credibility and acceptability of Bitcoin is growing day by day; At the same time, its value has also increased. Bitcoin is now widely used as a medium of transaction as well as investment. Bitcoin transactions can be done very easily, securely and at low cost. But the big problem is that its market value is very volatile. So I think you should think long term about investing in Bitcoin.

There is really no doubt about the credibility and the rate of it getting accepted and be recognized is rising as time passes by because people are now seeing its worth mostly on other people because of the price it have and other that focuses into the way it is being used that have risen up this pandemic for people recognizes how Bitcoin works and can be a safe haven despite of the pandemic where crypto market is lightly affected by the negative effect for the stock market is the one who have been directly affected. This makes Bitcoin to be seen as a good investment specially at times of crisis. Investing into Bitcoin is worthy but still you should think of it so hard for you to decide if you will go along.

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September 30, 2020, 11:31:39 PM
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Well I would have to agree with you on these because i picture a future where bitcoin will be valid in all forms of transactions and sector. The future for bitcoin as a means of exchange is positively high. Although there might come some stumbling block on they way that might want to obstruct the process but with optimism bitcoin will one day be the world leading currency.
Even if bitcoin will not be totally become as a leading currency, but having it as an alternative payment aside from fiat is already a good achievement for bitcoin. Although bitcoin is invented to act as a medium of exchange, but i believe majority of the people here in crypto community still making it as an investment and keep it as a good store of value rather than making transactions with bitcoin as a payment system.

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September 30, 2020, 11:36:41 PM
 #75

Well I would have to agree with you on these because i picture a future where bitcoin will be valid in all forms of transactions and sector. The future for bitcoin as a means of exchange is positively high. Although there might come some stumbling block on they way that might want to obstruct the process but with optimism bitcoin will one day be the world leading currency.
^ That is, leading the world of the best cryptocurrency is has a potential that likely will happen and we are already on the mainstream.
But do you really believe that bitcoin will become a number used in all transaction worldwide through the internet, I am still doubtful about this because most commonly as what I have seen for most people, they are preferred to hold their bitcoin that want spending this as a regular need? I think that bitcoin is good for the banking business of our own because it has the potential to grow year by year that using this as payment.
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October 01, 2020, 09:31:35 AM
 #76

in future bitcoin will become a huge and it will be successful in the next few years and did you see the status of bitcoin from 2011 until now bitcoin will continued to grow up

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October 01, 2020, 10:15:54 AM
 #77

Bitcoin is changer of the game!
Bitcoin was recovering from its first collapse just five years ago and started at around $220.
Bitcoin has reached dizzying heights between then and now. No one with confidence can foresees the future.
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October 01, 2020, 10:16:14 AM
 #78

Needless to say, the credibility and acceptability of Bitcoin is growing day by day; At the same time, its value has also increased. Bitcoin is now widely used as a medium of transaction as well as investment. Bitcoin transactions can be done very easily, securely and at low cost. But the big problem is that its market value is very volatile. So I think you should think long term about investing in Bitcoin.

I don't agree with your statement. I am not witnessing much growth after mid-2018. The growth in the user base and acceptability seems to have stagnated. Also, a number of stores that used to accept Bitcoin payments earlier are no longer doing that (such as Stripe and Steam). High transaction fee, as well as volatile exchange rates are to blame for this situation.
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October 01, 2020, 10:47:06 AM
 #79

For now accumulating wealth is still a bit unreliable.

The price is still unpredictable and unless you are not that kind of person that would dump your Bitcoin after a huge downfall, you could just hold it. I am not saying that it is bad but right now it is unreliable since there are better assets right now that could give you reliable profits in time. I am holding Bitcoin but I don't hold all of my savings to Bitcoin.
Well, that's reasonable. They've already said that "don't put all of your eggs on one basket" and it is true. No matter how good Bitcoin is we still don't know what future ahead of it. Better to diversify your assets into different places like Real Estate for an example. Never stop accumulate Bitcoin but you must also remember that don't rely on it too much. Bitcoin has still a vague future after all.



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October 01, 2020, 02:22:34 PM
 #80

Well, that's reasonable. They've already said that "don't put all of your eggs on one basket" and it is true. No matter how good Bitcoin is we still don't know what future ahead of it. Better to diversify your assets into different places like Real Estate for an example. Never stop accumulate Bitcoin but you must also remember that don't rely on it too much. Bitcoin has still a vague future after all.

Perhaps, you can directly diversify your assets to crypto itself, there are already cryptocurrencies which provens its reliability such as stable coins, for people who don't want volatility, and other cryptocurrency with volatity but is backed with good characteristics such as ETH. There, we can expect that our investment will return a good price in the future, aside from bitcoin where if bitcoin declines, we still have assets in altcoins.

But it is still not wrong to choose physical investment, as real estate are destined to increase its value in the future since more and more people are buying homes and the population is increasing.
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October 01, 2020, 02:50:20 PM
 #81

we will still need cash, the supply of bitcoins may not be sufficient to serve as the perfect medium of exchange for the whole world. I have never doubted the credibility of bitcoin, but for me, bitcoin will remain an alternative currency for its users (whether it is used as an investment asset or as a means of payment)
Having the same thought. Though probably soon the use of Cryptocurrencies will be mainstream this still won't replace fiat, the fact that these crypto coins are too volatile to use for commodities.
I believe that crypto especially Bitcoin would be much better to use as an asset rather than just a normal currency. I am having a thought that this might confuse the users if it will be used as a medium of exchange. Being an alternative currency could be an option I'd say.



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October 01, 2020, 03:39:58 PM
 #82

Hellp its me back again, i have no assurrance if I can go by using this new account since i love and i am fan of btc.Im finding a way how to join this forum again,so goodnews am here and back again.Btc is very unique and good investments.You have the control of your money and account.
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October 01, 2020, 04:12:13 PM
 #83

Really it's the best time to accumulate bitcoin. Popularity and acceptability is increasing day by day. As it's demand is increasing, its value is also increasing. It is expected that bitcoin value will much more higher than the present time in the future. So, it is good idea to increase the bitcoin amount to earn a lot of profit in the future.
That is the same that people thought back when the price touched $20k that bitcoin is easily gonna reach more than $30k or more, but that bubble for burst and this time around too the situation is also same where the number of buyers are decreasing along with the support in the charts and the selling pressure is increasing now so i guess The price is going to go down, so it will be better to wait and see the price action for now and when the price falls then to buy Bitcoins and fill up the bags for a new pump.

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October 02, 2020, 01:10:18 AM
 #84

Bitcoin is becoming a reserve of assets and people are actively buying into Bitcoin because of its liquidity effect globally.
I believe that bitcoin will become globally legal in the future and have a higher value.
But to achieve that takes the effort of individuals in the community for bitcoin to be regulated and included in the framework.
It is necessary to eliminate scammers, those who manipulate this market.
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October 02, 2020, 01:30:49 AM
 #85

Hellp its me back again, i have no assurrance if I can go by using this new account since i love and i am fan of btc.Im finding a way how to join this forum again,so goodnews am here and back again.Btc is very unique and good investments.You have the control of your money and account.
Mind telling us what happen to your account?and why does it took you long before coming back again?
sorry but are you banned from Bitcointalk.org?if yes then you must not posting outside Meta.

Whatever happens to bitcoin in the future, I'm ready for it. Ready to get rich or forget about bitcoin forever. Ready for anything.
Looks like all the Money you invested inside this market are those amount that you can afford to lose?and that's good because you will never panicked when there are a bad changes in market prices.
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October 02, 2020, 12:53:41 PM
 #86

The future of Bitcoin is far better and it'll become more popular worldwide. it's no government or institution huge populations round the world are circulating these currencies through a sort of secure network. nobody may be a important person most are equal just a node within the network. This coin will go from buyer to seller directly with none intermediary safely and surely the longer term will become more remote in terms of transactions.
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October 02, 2020, 03:46:56 PM
 #87

BTC is gradually gaining its grounds in the financial institute. Most people prefer using bitcoin as a medium of exchange. Before the advent of bitcoin local and foreign currencies were the only means of financial transactions. Currently BTC has gone beyond bothers and has also made transactions safer and faster without much stress of converting from one currency to another. From my own opinion its a better way of accumulating wealth and secure a perfect future of cashless policy


The future of bitcoin holder will be bright as long as they believe in the market and do no sell their coins.
Bitcoin's price is stable since July and there are huge chances of increment.
All the cryptocurrencies are volatile but still, some people take the risk and earn money.
The first-ever rule of bitcoin is "patient" as long as you hold your coin you'll take more benefits.
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October 02, 2020, 05:22:12 PM
 #88

Bitcoin is becoming a reserve of assets and people are actively buying into Bitcoin because of its liquidity effect globally.
I believe that bitcoin will become globally legal in the future and have a higher value.
But to achieve that takes the effort of individuals in the community for bitcoin to be regulated and included in the framework.
It is necessary to eliminate scammers, those who manipulate this market.
I mean honestly it is given that bitcoin's future will be a better one compare to now, its acceptance is increasing day by day and i am seeing it with my own eyes and what we need to do or our path to make bitcoin globally accepted and known is to educate more people about it not just for them to know it but also because just like what you said "scammers", i have seen news about people getting scammed via cryptocurrency specifically bitcoin and what happens is the scam word is being partenered with bitcoin that its like when its bitcoin its a scam right away and we need to get rid of that thing that is clearly happening all around the world.
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October 03, 2020, 06:26:00 AM
 #89

I also hope that bitcoin will become popular in the masses and it can be paid in Macdonalds... Wink But this requires the development of the protocol itself, with reduced commissions and increased bandwidth...

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October 03, 2020, 07:20:43 AM
 #90

I also hope that bitcoin will become popular in the masses and it can be paid in Macdonalds... Wink But this requires the development of the protocol itself, with reduced commissions and increased bandwidth...

I think bitcoin will be a good investment asset in the future. There is doubt about that Bitcoin will become popular among the masses. Because fees and transaction processing speed make this impossible. I don’t think that anything can change in the future.
I also assume that in the future the price of bitcoin will rise very well and all holders will be well rewarded for their investment in bitcoin. My opinion is that bitcoin will be a very good investment asset in the future.

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October 03, 2020, 12:37:37 PM
 #91

Bitcoin's future is bright. And I think holding bitcoin for long term is very profitable. As of now, bitcoin keep changing and many people using it for online transaction/cashless and bitcoin can use in many ways and it is easy to use.

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October 03, 2020, 03:32:41 PM
 #92

BTC is gradually gaining its grounds in the financial institute. Most people prefer using bitcoin as a medium of exchange. Before the advent of bitcoin local and foreign currencies were the only means of financial transactions. Currently BTC has gone beyond bothers and has also made transactions safer and faster without much stress of converting from one currency to another. From my own opinion its a better way of accumulating wealth and secure a perfect future of cashless policy


I agree with you, because Bitcoin improves the world's financial system by providing very fast and easy transactions, so that we can send money to other countries easily and of course at a low cost, therefore I am sure Bitcoin will become one of the currencies world in the future, so my advice is that we better invest in Bitcoin right now, because I believe the price of Bitcoin will definitely increase very high in the future and give you a very big profit.

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November 24, 2020, 04:48:01 AM
 #93

Bitcoin is independent of the rat race. At the point when individuals figure out how to utilize it is sure that they keep on exchanging for different purposes. They will most likely consistently have Bitcoin in their wallet. Why not exploit the way that it is the principal dynamic crypto in the market to make it more usable?.

While we are experiencing this worldwide wellbeing emergency, Bitcoin has assumed a significant job with regards to moving assets without outskirts.
For these and for some reasons, Bitcoin has been valuable to give convenient reactions that would have been hard for customary financial frameworks.
IMO Bitcoin has a promising future.
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November 24, 2020, 04:52:13 AM
 #94

In the past, bitcoin was used as a medium of exchange, for example, pizza was exchanged for bitcoin, but getting more advanced bitcoin is a distinct advantage for its holders because of its increasing value

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December 15, 2020, 11:04:37 PM
 #95

Bitcoin picking up its objective of why was made for. The complete world moving into digitalization, so as a portion of this Bitcoin has been getting to be more prevalent and spendable day by day. On the off chance that you say picking up steadily within the monetary established at that point I wouldn't concur, Bitcoin isn't an establish cash, and it's completely decentralized. May be people preferring bitcoin as a medium of trade since most people groups within the world do not know approximately Bitcoin still presently.

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December 15, 2020, 11:45:02 PM
 #96

If you look at the Bitcoin price starting to rise back above $ 19,000, this is an indication that Bitcoin will try to get past the resistance price
at $ 20,000. So the best decision right now in my opinion is to hold Bitcoin that we have, because if it gets past the $ 20,000 price there will
be a pump. And it's possible that Bitcoin price could reach a price of $ 22,000. So now is indeed a crucial decision that we have to make, if we
believe in the future of Bitcoin. Should not hesitate to hold Bitcoin.

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December 16, 2020, 09:28:30 AM
 #97

The volatile worlds of Bitcoin might be back to normal, there is a possibility that many entrepreneurs are cited for investment due to the price are rapidly increase

I know some people who bought at 19k 2-3 years ago in the hope price will peak above 50k USD but it didn't happen there's a good possibility of it happening now.
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December 16, 2020, 12:23:45 PM
 #98

Bitcoin's future is bright. And I think holding bitcoin for long term is very profitable. As of now, bitcoin keep changing and many people using it for online transaction/cashless and bitcoin can use in many ways and it is easy to use.
I'm just guessing there will be a lot of adoption regarding the technology. This is because the level of trust is increasing. Even though the scalability problem is a drawback, because the transaction process gets slower as there are more users. However, because bitcioin has special value, the price will tend to rise.

R


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December 16, 2020, 12:50:24 PM
 #99

The volatile worlds of Bitcoin might be back to normal, there is a possibility that many entrepreneurs are cited for investment due to the price are rapidly increase

I know some people who bought at 19k 2-3 years ago in the hope price will peak above 50k USD but it didn't happen there's a good possibility of it happening now.

Well.. I personally know someone who purchased Bitcoins for 15K per coin in 2017 December. He never listened to me and sold the coins at a heavy loss sometime in 2018 (when the prices were around $5,000 per coin). Even among my friends, I know many who sold their coins in 2018 and 2019, when the correction phase was ongoing. They must be regretting now.

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December 16, 2020, 01:30:29 PM
 #100

The volatile worlds of Bitcoin might be back to normal, there is a possibility that many entrepreneurs are cited for investment due to the price are rapidly increase

I know some people who bought at 19k 2-3 years ago in the hope price will peak above 50k USD but it didn't happen there's a good possibility of it happening now.
If you really bought some bitcoins a long time ago and you hold them for a long time until now, or even add some when it experienced a downfall. That might be a good value as of now since the price of bitcoin already rising up and continue rising up. We are all hoping that the price will reach its highest peak before the year ends, just like what happened in 2017. Investing in bitcoin is a really good idea but with knowledge and understanding because you can't just put your money without knowing the important things to consider before investing.
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