The future of Bitcoin as digital currency

[Promocodeudo]

The concept of Bitcoin is liberty and freedom but I must tell you that the government don't like the idea, is not because Bitcoin is not good, the reason for this act of the government is because they see Bitcoin as a threat, anything the government does not have the power to control automatically becomes stack enemy of the government, the government has been trying there possible best to be in control of the system but is have proved very difficult for them, op, you said something about working hard to earn in bitcoin, I don't see that statement as a real one, the process of Bitcoin is learning about it, have a good wallet for it safe custody and investing through any strategy you chose to be the best for you and wait for the uncertainty that's is behind bitcoin, if you cant wait, then you can withdraw, this journey is personal whatever you chose that's you think that's good for you to do, do it an be happy.

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[famososMuertos]

...//:::

It is you appreciation, like the one that everyone has, in fact I would discard that proverb, very old school subjugated to centralism, ceasing to be poor is relative to ceasing to be rich, both underlie the individualism of the opportunities of each individual, consequently it which are different depending on the environment, the same applies to bitcoin, many see it as a safe haven for their assets, others want the joy of the price to take them out of poverty, others see it as its essence a payment technology, others as a revolutionary technology that allows us to stop the centralization of money, and a long etcetera, then, it makes it accessible to everyone not only from an economic point of view but also from a thinking point of view.

[Rahul09]

No government should prohibit the ownership of this technology

. I mean this is freedom money just like national value is freedom and bitcoin
Is the word dream money.

Someone very wise say if you're born poor you die poor and I quote

But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.

But the way we can achieve more of the dream is  when bitcoin freedom is
Intact and when are able to save bitcoin for our future and our family.thats what bitcoin is all about.
 

Here are 2 quotes for you.
1. It is not your fault if you are born poor, but it is definitely your own fault if you die poor.
2. Dream is not what you see while sleeping, dream is what does not let you sleep.
Quote 2 seems simple but it takes a lot of effort to express it in real form.
I don't mean to discourage you, but the truth is, how much effort are you actually putting into this Bitcoin dream?
Remember, your hard work will determine your future.

[legiteum]

Bitcoins cannot be considered as a digital currency. The reason is pretty simple. Bitcoins are limited or fixed in numbers, that is no more Bitcoins can be created or made. So instead of using as a mode of payment, people will use it as an asset which is very valuable due to fixed in numbers. No matter what’s the government’s take will be on the coins, people won’t use it to buy normal stuffs. They will sell Bitcoins to make maximum profits only.

Why would the limited quantity make any difference? Because of the Internet, one can know the up-to-the-millisecond exchange rate between BTC and any number of instruments, including USD for instance. In other words, I can always just say, "give me 10 dollars in Bitcoin" and the computers will figure it out.

The reason people don't use Bitcoin to buy normal stuff is because it doesn't work as well as the other things they use to buy normal stuff e.g. cash, credit cards, and PayPal et. al.

[Mpamaegbu]

It's true that Bitcoin is digital money that has been using cryptography. But it's not related to being poor or becoming rich. Also, I don't see anything to work hard on Bitcoin.

Well, I think the "work hard" part on Bitcoin will be the positioning of oneself to get into it during a dip to enhance profit taking during a bull run. This is what we're faced with now for this incoming bull run. Those who aren't working hard now to leave something on the table (so to say, by hodling any bit of Bitcoin) are going to lose out when the real bull begins. Again, Bitcoin is a transformation. An investment in it has the ability of changing a poor situation.

The main goal of Bitcoin is to transfer money worldwide without third parties using a p2p computer system. But due to volatile behaviour, we are taking advantage by investing in Bitcoin. To be honest, the goal has become an investment opportunity lately.

Bitcoin conception as a payment option has really failed if we factor in what's happening now with the Blockchain congestion going on and the throat cut fees.

[Kelvinid]

As long as Bitcoin remains decentralized, the government can't stop its growth and market adoption. But when it talks about as a currency, that is still something uncertain and why? Whether we like it or not, the participation of the government becomes a major factor for its consideration. It didn't look good really but people got their trust when Bitcoin is officially declared as a legal tender in a particular place or a country. This is why I could say that the future of Bitcoin lies somehow in government support or overview otherwise, that will remain as an investment, not currency.

[tjtonmoy]

This is what the government don't want. They don't want for citizens to have the freedom. That way they won't be able to control them in order to stay in the power. The moment people get their individual freedom, they won't rely on the government and the whole system will fall apart. That's their biggest fear. But becoming something or someone successful does not totally depend on Bitcoin. Bitcoin gives people freedom but it does not give you the ability to become successful.

All you need to learn is about the concept of freedom. If you know what it is and what it does, you can make it happen with something else that can also provide freedom to you. But Bitcoin is a good start if you want to learn about it.

[legiteum]

As long as Bitcoin remains decentralized, the government can't stop its growth and market adoption. But when it talks about as a currency, that is still something uncertain and why? Whether we like it or not, the participation of the government becomes a major factor for its consideration. It didn't look good really but people got their trust when Bitcoin is officially declared as a legal tender in a particular place or a country. This is why I could say that the future of Bitcoin lies somehow in government support or overview otherwise, that will remain as an investment, not currency.

Why would the US government declaring it "legal tender" make any difference whatsoever? How would that change the situation we are now in, wherein it's perfectly legal to buy and sell Bitcoin, perfectly legal to pay for something with Bitcoin, and so on?

If you are looking for Congress to force Bitcoin on people, then that's another story, but in the US at least, there are no legal barriers to Bitcoin adoption.

[Natsuu]

Bitcoin's all about that freedom vibe but governments get antsy because it's a wild card they can't control. Trying to regulate this decentralized currency is like herding cats, it just doesn't play nice with the usual financial rules. Bitcoin's borderless and free-spirited nature gives authorities a run for their money.

[CryptopreneurBrainboss]

As long as Bitcoin remains decentralized, the government can't stop its growth and market adoption. But when it talks about as a currency, that is still something uncertain and why? Whether we like it or not, the participation of the government becomes a major factor for its consideration. It didn't look good really but people got their trust when Bitcoin is officially declared as a legal tender in a particular place or a country. This is why I could say that the future of Bitcoin lies somehow in government support or overview otherwise, that will remain as an investment, not currency.

Has Bitcoin needed the support of the government to get to where it is today, the answer is no because Bitcoin didn't need the government instead the governments are  looking for a way to regulate the industry in all countries. Few days ago Nigeria lifted it's ban on banks engage with cryptocurrency related activities and other countries are reducing their restriction on cryptocurrency and looking for a way they can regulate the industry.

Bitcoin don't need the government but the government needs Bitcoin because they know soon things won't be done the traditional way anymore but everything will be going digital.

Bitcoin doesn't need the governments to become a globally accepted currency but the government need Bitcoin so they won't be left out. Bitcoin is getting the world attention and soon Bitcoin will be accepted globally as an alternative to fiats for transaction which is what Bitcoin missions from the very begining was all about as it was introduced as a better alternative to fiats currency.

[Adbitco]

It's true that Bitcoin is digital money that has been using cryptography. But it's not related to being poor or becoming rich. Also, I don't see anything to work hard on Bitcoin.

Well, I think the "work hard" part on Bitcoin will be the positioning of oneself to get into it during a dip to enhance profit taking during a bull run. This is what we're faced with now for this incoming bull run. Those who aren't working hard now to leave something on the table (so to say, by hodling any bit of Bitcoin) are going to lose out when the real bull begins. Again, Bitcoin is a transformation. An investment in it has the ability of changing a poor situation.

I still can't believe some people still wait to see the end part of Bitcoin price movement before they go into investment therefore, I will say that we should always try to hold little amount we think we can hold be it DCA. DCA has been of help to people who are poor and can't afford a huge sum of money to invest in it but through gradual accumulation process would help, if the bull run start fully then there are every possibility that with the little amount they have invested it will yield something meaningful to them if they decide to sell off their holdings.

[Promocodeudo]

Yeah, just like the other members have already said,the government can do whatever they please, and no one tells them what to do and what not to do, especially if it's coming from the common man. The government likes to be in control of everything, and as long as Bitcoin is not under their full control, they will not allow citizens to freely engage with it, although Bitcoin is not banned in all countries around the world.

Bitcoin has made some of the old investors millionaires, and for someone to be in such a favor of earning a fortune from Bitcoin, there are different strategies to be taken. First, someone cannot hold Bitcoin for a long time if they are only dependent on their Bitcoin investment. Some people are still holding the bitcoin they bought around 2011, and it's possible for them to do that because they still have other investments and sources of income.

No doubt that bitcoin has made the old folk rich as you said, but I want you to know that if the government knew that BTC will be this popular and currency that will continue to outshine there usual traditional currency they would try there best never to allow it go this far, I know that it wouldn't have been easy but they would have tried, presently I don't see anything they can do again about Bitcoin the blockchain technology makes it almost impossible for the government to do anything to btc, btc is everyone currency including the government and there is nothing they can do about it, the more the fight it, the more popular it becomes in the society, as I talk to you now, many people are interested in bitcoin because of both the negative and positive news coming from it.

[bocyaj]

As long as Bitcoin remains decentralized, the government can't stop its growth and market adoption. But when it talks about as a currency, that is still something uncertain and why? Whether we like it or not, the participation of the government becomes a major factor for its consideration. It didn't look good really but people got their trust when Bitcoin is officially declared as a legal tender in a particular place or a country. This is why I could say that the future of Bitcoin lies somehow in government support or overview otherwise, that will remain as an investment, not currency.

The bitcoin behaviour of decentralised was influenced by the exchange bitcoin transactions fee,we need for some of the altcoin to tackle the situation again.Because few days back the transaction fee was around 30-35$,So it was ridiculous to the people who want to withdraw the funds from the wallet to exchange for the emergency.Today the price was reduced to 9$ but for the normal price of 3$ it take some more time.Now many bitcoin was staked by the users in many wallet for the fee.It was the biggest reason for the reduction of the bitcoin transaction fee,the traffic was the biggest reason for the transaction fees changes on the transaction.Now the transaction was reduced and the transaction also became the normal one,So we get payment for the Christmas.Merry Christmas 🎅

[jeraldskie11]

True, everything can be changed with Bitcoin. I'm here in the world of crypto because I believe it will change my situation someday and I think majority of us think the same way. Bitcoin is a type of investment that have lesser risk but can make your investment double in just a short time. There are many things to be invested out there but Bitcoin is the best one, that's why they think Bitcoin is kinda scam. But if you study Bitcoin, you will learn how good it was, it's a game changer.

[bitzizzix]

True, everything can be changed with Bitcoin. I'm here in the world of crypto because I believe it will change my situation someday and I think majority of us think the same way. Bitcoin is a type of investment that have lesser risk but can make your investment double in just a short time. There are many things to be invested out there but Bitcoin is the best one, that's why they think Bitcoin is kinda scam. But if you study Bitcoin, you will learn how good it was, it's a game changer.

Bitcoin will be the best investment to make and can change lives if Bitcoin is in the hands of the right investor or person, because to get good profits requires patience and also strong confidence in owning it, and we also have to have the best strategy when buying and selling it return.
Bitcoin is the best and safest investment among other investments, especially for the long term. And in the long term Bitcoin will certainly provide good profits as long as we do it patiently so that we sell it in very profitable circumstances. And the future of Bitcoin will be much more useful and also very profitable, because Bitcoin is the future and also freedom.

[Popkon6]

No government should prohibit the ownership of this technology

. I mean this is freedom money just like national value is freedom and bitcoin
Is the word dream money.

Someone very wise say if you're born poor you die poor and I quote

But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.

But the way we can achieve more of the dream is  when bitcoin freedom is
Intact and when are able to save bitcoin for our future and our family.thats what bitcoin is all about.
 

Bitcoin means freedom, because I use bitcoin I am free, but we cannot use bitcoin freely because bitcoin is illegal in our country. But countries where Bitcoin is legal are using Bitcoin freely.

You mention hard work, but hard work has nothing to do with Bitcoin. But yes it is true that gaining knowledge is possible to improve Bitcoin, only a knowledgeable person can earn Bitcoin.
It is possible to earn bitcoins if you can invest in bitcoins. So now is the right time to invest in Bitcoin.

[Blitzboy]

As long as Bitcoin remains decentralized, the government can't stop its growth and market adoption. But when it talks about as a currency, that is still something uncertain and why? Whether we like it or not, the participation of the government becomes a major factor for its consideration. It didn't look good really but people got their trust when Bitcoin is officially declared as a legal tender in a particular place or a country. This is why I could say that the future of Bitcoin lies somehow in government support or overview otherwise, that will remain as an investment, not currency.

Has Bitcoin needed the support of the government to get to where it is today, the answer is no because Bitcoin didn't need the government instead the governments are  looking for a way to regulate the industry in all countries. Few days ago Nigeria lifted it's ban on banks engage with cryptocurrency related activities and other countries are reducing their restriction on cryptocurrency and looking for a way they can regulate the industry.

Bitcoin don't need the government but the government needs Bitcoin because they know soon things won't be done the traditional way anymore but everything will be going digital.

Bitcoin doesn't need the governments to become a globally accepted currency but the government need Bitcoin so they won't be left out. Bitcoin is getting the world attention and soon Bitcoin will be accepted globally as an alternative to fiats for transaction which is what Bitcoin missions from the very begining was all about as it was introduced as a better alternative to fiats currency.

Absolutely, Bitcoin's rise to prominence didnt depend on government support; its an undeniable fact. As they catch up, governments control what they initially ignored. The Nigeria case is just the beginning. Governments are recognising Bitcoin's eventual dominance in a digital-first economy, not legitimising it.

I believe Bitcoin's global acceptance is a paradigm leap in financial autonomy, not just a replacement for money. Countries need Bitcoin, not vice versa. They realise they must change or die. Bitcoin's disruptive power is shown by its regulatory scurry.

Bitcoin was created to give a decentralised financial alternative. Its leading the world into a new economic era, and governments must adapt. Bitcoin is the future, and the future is now.

[legiteum]

Folks, almost all people, in terms of numbers, invest in crypto using financial institutions that aren't that different than the ones you use to buy securities and other investments. They all have your name, your address, your government ID for taxes (e.g. Social Security Number), and so on. They make you pay taxes on your holdings just like any other holding, or if they haven't, its only because the technology is still new and the governments haven't gotten around to it yet.

I get that it's theoretically possible to buy and sell bitcoin without one of these institutions, but it would be nearly impossible to move your BTC into a currency you could spend on paying your bills like USD for instance.

In short, Bitcoin is, in actual practice, no different than AAPL or GOOG or whatever to almost all people who touch it. Maybe a good investment (if you think it's price will go up), but it's not some kind of revolution.

Cryptos are currently a speculation instrument and there's no sign they will ever be anything else.

NOT that that's a bad thing! The market cap of BTC shows just how much humans need a product like this.

But stop trying to imagine crypto is something it's not...

[yudi09]

Someone very wise say if you're born poor you die poor and I quote

But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.

It is not wise for people to say that if you are born poor you will die poor. The thoughts of wise people are not like that because people who want to try to do better will get it if they do it with confidence. Without trying, people cannot have Bitcoin because to get Bitcoin, someone has to do something to be able to buy it or buy a device that can be used to get Bitcoin, such as a mining device.

Bitcoin is the currency of freedom, I agree because the system does not make people constrained. The Bitcoin system makes it easy without third party interference.
I own Bitcoin, so I control Bitcoin because I hold the keys.

[ShowOff]

True, everything can be changed with Bitcoin. I'm here in the world of crypto because I believe it will change my situation someday and I think majority of us think the same way. Bitcoin is a type of investment that have lesser risk but can make your investment double in just a short time. There are many things to be invested out there but Bitcoin is the best one, that's why they think Bitcoin is kinda scam. But if you study Bitcoin, you will learn how good it was, it's a game changer.

You are not completely right, although you have made a profit on your investment in bitcoin. If bitcoin does not have a big risk, then you can buy and store it wherever you want in any amount. But the fact is, the larger the amount of bitcoin you currently own, the better and safer your wallet and storage method can expect. That's the reality about risk, but whether the risk is small or large depends on how you use and store it.

If it's all about price, then price volatility should also be considered a risk. You cannot avoid a loss of value when the price of bitcoin falls, even if you are the holder. Bitcoin is a risky investment, if not then you are free to do so without any warning.