Topic: Beware!! Bitcoin can be the future but a lot of work is to be done - page 2. (Read 18842 times)
October 05, 2019, 09:46:24 PM
Bitcoin is not perfect. These things you have mentioned can be its disadvantage of engaging yourself with bitcoin. Bitcoin is deventralized that it lacks security since no one is above, securing all information and your assets. You're the only one responsible for your own bitcoin. If it got lost or you got scammed, it's your responsibility. Since it's our own choice investing with bitcoin, to avoid from anyone who could control our assets. It's our control, it's our responsibility. That's why we should always be careful when it comes to crypto. It may look like a lot of work at first, but when you're already used to it, you'll know how to handle your own assets
October 05, 2019, 09:13:29 PM
Bitcoin is a p2p system of transaction. Bitcoin has shown alot of signs so far that it is here to stay and even over Shadow the normal system of transaction.
Bitcoin which was created in 2009 by sir satoshi Nakamoto it growth level is quite OK and the value is still volatile and prone to changes of the market
Bitcoin has some advantages over other transactions process like it does not have and fee or charges attached to it and it is decentralized meaning it is not regulated.
Well as a cryptocurrency enthusiast my wish obviously is to see a rapid growth of bitcoin and cryptocurrency at large but truth be told there is a lot of work needed
Well limitations like lack of transaction protection on like make payment that is under a body regulations which you have protection for it. Making transactions with bitcoin does not guarantee you any security so it totally at your own risk
Also with bitcoin transaction can not be reversed like it is with other system of transaction
If you lose your bank account number or pass word you can go to the bank and fill certain forms and probably get it back but not with bitcoin wallet one you lose your wallet and it's detail it is gone forever all your earning blown away
Also lesser transaction opportunities. Although the cryptocurrency world is growing using it to make transactions might not be generally accepted as of now. Not every one accepts it
PS. Cryptocurrency is no joking ground and it is still developing when you are in it either you gain or you lose. It is very important to know how to navigate it personal security should be of optimal level. Go through educational books and videos. Protect you personal details like your private keys and so on.
We all want cryptocurrency to grow but work needs to be done
Bitcoin which was created in 2009 by sir satoshi Nakamoto it growth level is quite OK and the value is still volatile and prone to changes of the market
Bitcoin has some advantages over other transactions process like it does not have and fee or charges attached to it and it is decentralized meaning it is not regulated.
Well as a cryptocurrency enthusiast my wish obviously is to see a rapid growth of bitcoin and cryptocurrency at large but truth be told there is a lot of work needed
Well limitations like lack of transaction protection on like make payment that is under a body regulations which you have protection for it. Making transactions with bitcoin does not guarantee you any security so it totally at your own risk
Also with bitcoin transaction can not be reversed like it is with other system of transaction
If you lose your bank account number or pass word you can go to the bank and fill certain forms and probably get it back but not with bitcoin wallet one you lose your wallet and it's detail it is gone forever all your earning blown away
Also lesser transaction opportunities. Although the cryptocurrency world is growing using it to make transactions might not be generally accepted as of now. Not every one accepts it
PS. Cryptocurrency is no joking ground and it is still developing when you are in it either you gain or you lose. It is very important to know how to navigate it personal security should be of optimal level. Go through educational books and videos. Protect you personal details like your private keys and so on.
We all want cryptocurrency to grow but work needs to be done
Of course we need to work and work and work. Because you cannot get any profit without doing anything. Even the simplest thing like joining this forum and cooperating can be consider as a work. Making bitcoin the future needs to take more time, it needs to interpret to the other people how good does bitcoin even though it has many flaws.
May 14, 2019, 06:04:35 AM
Yes it will take time to people really understand what bitcoin can do and how it can be revolutionary. Many things are done in bitcoin and we are currently in progress to improve it. I just hope it will not take too long for it to happen because adoption is already beginning.
February 28, 2019, 03:20:08 PM
Yes, indeed, Bitcoin needs to do a lot of work so that Bitcoin is a global system. While this is an unstable technology in terms of volatility.
Already it has got a name as global currency due to anywhere accessing feature, that means unlike the location one can find the bitcoin trader in that location and sell bitcoin in exchnage of fiat. When it comes to the future, bitcoin is progressing on the right path, but it alone doesn't gonna serve as the future lot many changes is supposed to take effect to achieve the same. February 28, 2019, 02:14:32 AM
Yes, indeed, Bitcoin needs to do a lot of work so that Bitcoin is a global system. While this is an unstable technology in terms of volatility.
February 27, 2019, 09:13:08 PM
Bitcoin is a p2p system of transaction. Bitcoin has shown alot of signs so far that it is here to stay and even over Shadow the normal system of transaction.
And bitcoin is the only 'means of first transaction' among users without the need for intermediaries and costs to be incurred. So this makes horror for banks in most countries, and no doubt politicians and the government move to reject it without thinking about the benefits and positive effects it brings. Even if they contribute to help develop their existence, I think there will be extraordinary benefits or income they will get, both for the people and their banking.
Bitcoin which was created in 2009 by sir satoshi Nakamoto it growth level is quite OK and the value is still volatile and prone to changes of the market
Since the beginning of 2017 the price of bitcoin has increased by 1300% (very volatile) as more and more consumers come in droves to bring hope of making a profit from increasing popularity and associated increases in the value of bitcoin. So bitcoin will forever fluctuate regardless of how big and small the level of fluctuations will occur.
February 27, 2019, 08:14:08 PM
Bitcoin would play a huge part on the future for sure,
And it wouldn't be easy we already know it ,
Bitcoin has faced so many obstacle in the past and there would be more in the future,
We just have to trust it and make it's own way .
And it wouldn't be easy we already know it ,
Bitcoin has faced so many obstacle in the past and there would be more in the future,
We just have to trust it and make it's own way .
February 27, 2019, 04:10:25 PM
It is true that Bitcoin can be the future but we have to be alert and careful to avoid scammers and a bit of knowledge can help to avoid been stolen .The global system has almost encouraged Bitcoin the first and famous cryptocurrency .The transactions can be done without a third party influence since it is a decentralized digital currency and is used internationally with low cost and the transaction is done fast and the transaction reaches the person within a short time .so according to my assumption Bitcoin can be the future currency of the modern world .Bitcoin can uplift the financial crisis of a country and it should be stable system in value.
Bitcoin transaction is really faster and safer than all other transaction because it is under observation and system is being operate 24/7 that no other system is worth trusting than this, the other thing about safety satisfaction is blockchain which is being use for saving bitcoin so I am not worry about future it is safe and sound to hold bitcoin as long as you want. February 26, 2019, 08:09:10 AM
bitcoin transaction can not be reversed like it is with other system of transaction
Agreed with you in totality, comparing the transaction of Bitcoin to fiat one would say this, ensure to check your transaction data before sending out to avoid sending to the wrong person. There are series of reason why Bitcoin could be the next future of fiat which rang from transparency, anonymously and freedom but for this to happen a lot of work must be done by the community.
February 26, 2019, 07:00:09 AM
That's a fact that cryptocurrencies have a lot to do before before the main adoption happens, I personally don't see bitcoin as something that can be used in your everyday transaction because of both higher fees and slower transactions comparing to the newer coins that recently entered the market, but btc still can be used as a globally trusted cryptocurrency that you use to buy other cryptocurrencies on exchanges and such, I believe cryptocurrencies will still go through some more changes before normies start to use it on everyday basis.
February 26, 2019, 06:19:52 AM
And the communty is trting their best. We can hear some change soon. It is not same Bitcoin you know now and Bitcoin when born. It is developing.
Bitcoin has a lot of work to be done as we have seen in most involving technology. Developing phase of any technology always require a lot of job to place such technology ahead or above others, so, on that note Bitcoin has a lot of work to be done. 
February 26, 2019, 06:00:28 AM
We are aware of what will be the future of bitcoin and this cannot be done in just overnight
For the past 10 years bitcoin is consistently pushing the world to learn and adopt the technology behind this currency for the whole world to know what this all about and what can be done to help the economy of each country
All we need to do is the help on supporting and trust for this to succeed because we are the one who will be responsible for the growth and fall of this cryptocurrencies
For the past 10 years bitcoin is consistently pushing the world to learn and adopt the technology behind this currency for the whole world to know what this all about and what can be done to help the economy of each country
All we need to do is the help on supporting and trust for this to succeed because we are the one who will be responsible for the growth and fall of this cryptocurrencies
February 26, 2019, 05:46:44 AM
It is true that Bitcoin can be the future but we have to be alert and careful to avoid scammers and a bit of knowledge can help to avoid been stolen .The global system has almost encouraged Bitcoin the first and famous cryptocurrency .The transactions can be done without a third party influence since it is a decentralized digital currency and is used internationally with low cost and the transaction is done fast and the transaction reaches the person within a short time .so according to my assumption Bitcoin can be the future currency of the modern world .Bitcoin can uplift the financial crisis of a country and it should be stable system in value.
November 16, 2018, 07:49:40 PM
Can not agree more. Everything your topic seems very clear about thing we need. However, I think that the most important thing is that bitcoin need to be regulated and adjusted more to be legalization in near future.
November 16, 2018, 06:53:05 PM
Certainly, there is more work to be done to make bitcoin gain much more stability so as to increase the number of crypto enthusiasts. We need people to trust the system we have in place at the moment so people don't lose hope. Novice are always scared, they need a system that they can trust.
Sadly, it's something very difficult to achieve, remember that most of the people in here is just for the money, and if they don't make money, they get tired of bitcoin -> they dump.
The market just works like this, the same happens to stocks, bonds, normal currencies, and all the other kind of assets like real state.
No profit, no interest from individuals.
Certainly, there is more work to be done to make bitcoin gain much more stability so as to increase the number of crypto enthusiasts. We need people to trust the system we have in place at the moment so people don't lose hope. Novice are always scared, they need a system that they can trust.
Sadly, it's something very difficult to achieve, remember that most of the people in here is just for the money, and if they don't make money, they get tired of bitcoin -> they dump.
The market just works like this, the same happens to stocks, bonds, normal currencies, and all the other kind of assets like real state.
No profit, no interest from individuals.
Yes you are right I think bitcoin was in the beginning of accepting by the government so we need to support government if they need to implement rules or they need to manipulate not the value but the usage of it for to be safe on the scammers. We need to promote bitcoin advertise it because in the future bitcoin was totally accepting of all country and this is our primary currency we need to invest more.
November 16, 2018, 05:44:28 PM
Certainly, there is more work to be done to make bitcoin gain much more stability so as to increase the number of crypto enthusiasts. We need people to trust the system we have in place at the moment so people don't lose hope. Novice are always scared, they need a system that they can trust.
Sadly, it's something very difficult to achieve, remember that most of the people in here is just for the money, and if they don't make money, they get tired of bitcoin -> they dump.
The market just works like this, the same happens to stocks, bonds, normal currencies, and all the other kind of assets like real state.
No profit, no interest from individuals.
November 16, 2018, 05:37:47 PM
Bitcoin has come a long way and at the same time it still have a long way to go ,there are still many things to be fix ,slower transaction speed,higher transaction fee but all the same its the best thing ever to happened in this generation, in the future it will get better and more useful,companies ,networking traders ,sports etc will have no choice but to embrace not only bitcoin but cryptocurrency in general.
the issues that you mentioned above are already fixed because bitcoin have already improved . right now the fees are now lesser and transaction are also faster . bitcoin can really be the future of money ( internet of money ) as it is mainly work online .
Sadly, it's something very difficult to achieve, remember that most of the people in here is just for the money, and if they don't make money, they get tired of bitcoin -> they dump. The market just works like this, the same happens to stocks, bonds, normal currencies, and all the other kind of assets like real state. No profit, no interest from individuals.
your wrong . people are still interested on cryptos not just because of profit but because of its uniqueness and usefulness .
Certainly, there is more work to be done to make bitcoin gain much more stability so as to increase the number of crypto enthusiasts.
what stability are you talking about ? cant you see the market now ? all cryptos are now stable and that includes bitcoin . we dont need to increase the number of crypto users just because we want the price to become stable because that wont just happen , instead what could actually happen is that the price could become volatile if many users will enter and buy cryptos .
November 16, 2018, 04:43:15 PM
Any good coin will constantly evolve to strengthen its place in the ranking. If to give a little slack and any stronger coin will be able to bypass it. All coins have their drawbacks and problems and bitcoin is no exception. But i think that bitcoin will continue to lead and further. I believe in him, because he has so many years kept in the first place and deserves the trust of investors.
November 16, 2018, 04:31:56 PM
Certainly, there is more work to be done to make bitcoin gain much more stability so as to increase the number of crypto enthusiasts. We need people to trust the system we have in place at the moment so people don't lose hope. Novice are always scared, they need a system that they can trust.
Sadly, it's something very difficult to achieve, remember that most of the people in here is just for the money, and if they don't make money, they get tired of bitcoin -> they dump.
The market just works like this, the same happens to stocks, bonds, normal currencies, and all the other kind of assets like real state.
No profit, no interest from individuals.
November 16, 2018, 04:25:30 PM
Certainly, there is more work to be done to make bitcoin gain much more stability so as to increase the number of crypto enthusiasts. We need people to trust the system we have in place at the moment so people don't lose hope. Novice are always scared, they need a system that they can trust.
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