2016 Has Brought a Bitcoin Awakening - page 3.

eyeknock

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Quote from: Denker on May 14, 2016, 06:19:36 AM

Quote from: Doms on May 13, 2016, 01:54:12 AM

What would be the most obvious gain if governments start to buy BTC? And if all governments in the world start to buy, at what price would it be considering that demand has risen more than tenfold. Would that end the decentralization of BTC?

If governments would buy Bitcoin the gains would be huge!The value would be easily something in the 6 figures at least.
And be sure when governments invest, other big institutions will have done so already.Think about Hedge funds, Pension funds, insurance funds etc.

or even more, dont forget that ATM with the small users arround the world who use it, we have the high value of any of the current currency in the world... so is easy to understand that if goverments start to do that, the price would be more than 6 digits.

Quote from: Denker on May 14, 2016, 06:19:36 AM

And no it wouldn't be the end of Bitcoin's decentralization.Just because someone invests into BTC doesn't mean he will have access to the core protocol.

that's the problem, you know that "they" are always searching for it, i mean to take control of everything....

Denker

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Quote from: Doms on May 13, 2016, 01:54:12 AM

What would be the most obvious gain if governments start to buy BTC? And if all governments in the world start to buy, at what price would it be considering that demand has risen more than tenfold. Would that end the decentralization of BTC?

If governments would buy Bitcoin the gains would be huge!The value would be easily something in the 6 figures at least.
And be sure when governments invest, other big institutions will have done so already.Think about Hedge funds, Pension funds, insurance funds etc.
And no it wouldn't be the end of Bitcoin's decentralization.Just because someone invests into BTC doesn't mean he will have access to the core protocol.

Hatuferu

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Quote from: Enotche on May 13, 2016, 03:30:58 AM

I think yes, this will be the year of awakening Bitcoins. Developed countries rely on Bitcoin, and injected into the turnover, set payment terminals accepting Bitcoin, or take payment of utility services Bitcoins. In poor countries cryptocurrency will be used as an alternative to conventional funds, which will improve the situation of people. And all this happened in the present 2016, although he has not even ended!
I think that the rest of the country, in spite of the developed countries will follow their example.

After the halving we can tell as we are gonna be seeing a good price then, this is the year that different industries of the business world will slowly adopt bitcoins and they can understand the benefits this coins brings. With continued support on bitcoins by spreading the good news to different sectors on the worlds in no time we can achieve mass adoption.

Enotche

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I think yes, this will be the year of awakening Bitcoins. Developed countries rely on Bitcoin, and injected into the turnover, set payment terminals accepting Bitcoin, or take payment of utility services Bitcoins. In poor countries cryptocurrency will be used as an alternative to conventional funds, which will improve the situation of people. And all this happened in the present 2016, although he has not even ended!
I think that the rest of the country, in spite of the developed countries will follow their example.

maudevang

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Quote from: Rizky Aditya on May 09, 2016, 08:26:21 PM

Quote from: iram66680 on May 07, 2016, 08:46:59 PM

7 Billion only? Really Sad

? Thought it had more of the market than that Huh

With all the media coverage and interest brought to it in the last couple of months due to good, bad and the ugly in the news lately. The number of transactions shown every second made you would think it would be double that amount. Undecided

Yeah, that's what I thought as well when I first read that topic post. 7 billion seems really small for something like bitcoin, they really need to make the cap larger.

Bitcoin has now not the best year that it can have and that is because it was stable for a long time and that is not what the people want with Bitcoin.
People with Bitcoin want to make some profit of course and they have to know that it will always start with a nice start so maybe it will be a better year in 2017.

Doms

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What would be the most obvious gain if governments start to buy BTC? And if all governments in the world start to buy, at what price would it be considering that demand has risen more than tenfold. Would that end the decentralization of BTC?

Herbert2020

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it is really starting to kick off, soon bitcoin will start snowballing in popularity and grow so fast we can't even imagine it right now.
for me the biggest companies that started using bitcoin recently was Steam which seems so huge to me and that effect will be noticed over time when all those steam users switch to using bitcoin instead of credit cards.

Hatuferu

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Quote from: darewaller on May 10, 2016, 12:17:15 PM

Quote from: Rizky Aditya on May 09, 2016, 08:26:21 PM

Quote from: iram66680 on May 07, 2016, 08:46:59 PM

7 Billion only? Really Sad

? Thought it had more of the market than that Huh

With all the media coverage and interest brought to it in the last couple of months due to good, bad and the ugly in the news lately. The number of transactions shown every second made you would think it would be double that amount. Undecided

Yeah, that's what I thought as well when I first read that topic post. 7 billion seems really small for something like bitcoin, they really need to make the cap larger.

In order for the market cap to increase, there is also a need for the increase of bitcoin value.
There are several ways that we can achieve that. In a short-span of time, we'll probably need large investors.

It will come in due time, bitcoins is getting more popular today and with the world always moving forward, comes a time that different industries of the world will understand how useful bitcoins are in our life in transacting business.

darewaller

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Quote from: Rizky Aditya on May 09, 2016, 08:26:21 PM

Quote from: iram66680 on May 07, 2016, 08:46:59 PM

7 Billion only? Really Sad

? Thought it had more of the market than that Huh

With all the media coverage and interest brought to it in the last couple of months due to good, bad and the ugly in the news lately. The number of transactions shown every second made you would think it would be double that amount. Undecided

Yeah, that's what I thought as well when I first read that topic post. 7 billion seems really small for something like bitcoin, they really need to make the cap larger.

In order for the market cap to increase, there is also a need for the increase of bitcoin value.
There are several ways that we can achieve that. In a short-span of time, we'll probably need large investors.

Junko

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Interesting article. I like the idea of a bitcoin arms race. Many countries wanting to be a player in the world competing against each other to buy as many bitcoin as they can. All the more reason for individuals to buy and accumulate bitcoins while they still can at relatively low prices. Imagine what prices will be once the global bitcoin arms race begins and ramps up.

Bitcoin Armageddon

Hatuferu

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Quote from: knowhow on May 09, 2016, 08:11:11 PM

I really hope banks and countries just allow to people to use bitcoin , i dont wanna any countrie or bank getting into bitcoin as they will try to control something that is decentralized ,sure the impact at bitcoin would be huge as the current value for banks will be pennies making the value to hit 1000 or above ammounts in a short period,but well i hope bitcoin mainstream around the people ,and became a way to pay as currencie that would be enought.

We all hope for that brother because we want transparency and we want to get rid of huge bank charges, just like they say we need banking but we don't need banks. But if it helps to boost the popularity of the bitcoins then that would fine with me cause the possibility of massive adoption is high.

Rizky Aditya

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Quote from: iram66680 on May 07, 2016, 08:46:59 PM

7 Billion only? Really Sad

? Thought it had more of the market than that Huh

With all the media coverage and interest brought to it in the last couple of months due to good, bad and the ugly in the news lately. The number of transactions shown every second made you would think it would be double that amount. Undecided

Yeah, that's what I thought as well when I first read that topic post. 7 billion seems really small for something like bitcoin, they really need to make the cap larger.

knowhow

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I really hope banks and countries just allow to people to use bitcoin , i dont wanna any countrie or bank getting into bitcoin as they will try to control something that is decentralized ,sure the impact at bitcoin would be huge as the current value for banks will be pennies making the value to hit 1000 or above ammounts in a short period,but well i hope bitcoin mainstream around the people ,and became a way to pay as currencie that would be enought.

by.Szun

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Quote from: angaper on May 08, 2016, 07:27:22 PM

In fact I don't know why most central banks are still ignoring bitcoin, but are often recommending people to stay away from it. Perhaps government is not believing in the sustainability of altcoins in the long run.

Because it takes away business from them! Bitcoin is a viable alternative to traditional currency, especially as digital payments become more ingrained in our day to day lives. If they were to promote Bitcoin and say "Hey, you lot should go download Electrum and look into using this to avoid middlemen", it takes away from their livelihoods of creating and regulating traditional currency. Ignorance is the best course of action, as if they were to actually look at it, they would be forced to say "This is a valid technology and a valid form of payment. Go utilize it where useful". By staying silent, they protect themselves.

To be fair to them, however, it could be that they're still concerned about the relative volatility in comparison to currency.

ASHLIUSZ

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Quote from: jossiel on May 09, 2016, 03:37:27 AM

Quote from: angaper on May 08, 2016, 07:27:22 PM

In fact I don't know why most central banks are still ignoring bitcoin, but are often recommending people to stay away from it. Perhaps government is not believing in the sustainability of altcoins in the long run.

Ofcourse, they are not into adopting bitcoins, because many hackers can just easily penetrate to their systems, there are still banks that doesn't have high security. if they are going to adopt that bitcoins of course they need to upgrade and security and it will cost them another big budget for that improvement,

If bitcoin is adopted in its current raw form, it has the potential to undermine the longstanding bond between sovereign and its currency.
Bitcoin is becoming so prevalent throughout society that central banks will lose the power to control monetary policy.

jossiel

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Quote from: angaper on May 08, 2016, 07:27:22 PM

In fact I don't know why most central banks are still ignoring bitcoin, but are often recommending people to stay away from it. Perhaps government is not believing in the sustainability of altcoins in the long run.

Ofcourse, they are not into adopting bitcoins, because many hackers can just easily penetrate to their systems, there are still banks that doesn't have high security. if they are going to adopt that bitcoins of course they need to upgrade and security and it will cost them another big budget for that improvement,

Kakmakr

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Quote from: angaper on May 08, 2016, 07:27:22 PM

In fact I don't know why most central banks are still ignoring bitcoin, but are often recommending people to stay away from it. Perhaps government is not believing in the sustainability of altcoins in the long run.

They want to protect their own local fiat currencies and they have to stop things like capital flight. The governments doing this, is mostly corrupt and they have hidden agendas. The more honest governments < There are not a lot of them > says they want to protect the consumers against a possible threat, but that is also just a story.

The central banks are puppets for politicians to protect the interest of rich individuals and investors. If these people do not want Bitcoin to succeed they will use the governments to stop it.

angaper

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In fact I don't know why most central banks are still ignoring bitcoin, but are often recommending people to stay away from it. Perhaps government is not believing in the sustainability of altcoins in the long run.

voztata

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It's going to be a lot of time for large investors to get their hands on bitcoins because most of the supply of bitcoins are already being held by some other big companies/individuals. Check out the richest addresses and you'll be surprised how much bitcoins are stored in them.

yayayo

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If governments and especially central banks would be led by intelligent people, they would have set aside a small pot of venture capital to invest in emerging technologies. Buying Bitcoin at its current valuation requires only minuscule financial resources for a central bank while at the same time having a potential of extremely high returns.

An arms race between central banks will only occur if purchases of Bitcoin by central banks will become public. Most probable, CB's will accumulate Bitcoin in secret. However once the first central bank announces that it already has bought Bitcoin, buying panic might ensue... The first movers will clearly win. If I had to bet I'd say it will be a rather small country that will move first.

ya.ya.yo!

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