Bitcoin and Future of Economy! - page 8.

Lorence.xD

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Leading Crypto Sports Betting & Casino Platform

Quote from: Kemarit on June 15, 2018, 03:12:30 AM

Quote from: cryptomaster4 on June 14, 2018, 09:32:05 PM

Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?

The "don't like attitude" of most country steam from the rumors that bitcoin is being used for illegal activity like criminality (drugs, guns and even terrorist funding). However, there's always 2 sides of the discussions here. Yes there might be people behind trying to exploit one of bitcoins nature, but if you will have to take a closer look, its not anonymous as others think of it. If authorities really wanted to follow the trail, there's blockchain and blockchain analysis that can help them out uncovering those who exploited the system. But with the collaborative efforts of most countries, I don't think that we can see bitcoin treated as a main currency. Their will be lots of opposition, specially coming from financial institutions like Banks.

Bitcoin crypto currency transaction is now in the mainstream market, it is only the issues on Banned, Scammer, Hacking, and the issue on Regulation by government countries whom critical to the Bitcoin transaction in their market. Market is Volatile, anything can happen at any given time, market price value may goes up and down dependent on the Volume of investment in the market by the investors. the future is still hanging, but once this issue are resolved it will be good for the economy and the Bitcoin investors.

nnphuoc1258

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Quote from: cryptomaster4 on June 14, 2018, 09:32:05 PM

Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?

Yes.
It is the economy now.

Currency devaluation is a global disease.

Bitcoin is the cure.

davehopepe05

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Anyway, back on point: economies drive towards greater efficiency, so it makes sense to have a global, digital only currency. The biggest issue, which Bitcoin started to solve, is that it’s nearly impossible to control the supply of digital money. The very thing that makes it easy to use and efficient is also the very thing that makes it easy to replicate and abuse.

antoniolukaseo2010

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One of the most important things about cryptocurrencies is to understand its purpose. Essentially, all transactions are a batter system. I’ll give you something I have for something you have. However, it takes too long to make complex trades, especially for less substantial goods like services. Imagine the headache in trying to buy a house with chicken eggs if that is your main source of income. cryptocurrencies makes every transaction faster and simpler.

leesoorany08

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Digital Currency Is The Future. Bitcoin has been considered by many the currency of the next generation because of it’s anonymity and value. Today, it is currently worth well over 7.650$USD, and will probably keep up rising. It can be used just like real money, but it’s all inside your computers. With it’s price, you can buy anything from a hard drive all the way to a car, house etc.

bettybuttun12

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Bitcoin is still denied from some countries because of the impact on the value of its currency. At present, some big countries have been accepted as a true currency.

sserge009

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While bitcoin regulations are point-like and do not have a specific system. governments are still wary of the crypto market, because they do not adequately represent the consequences of its development.

Impulseboy

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It can be possible, but it will definitely take years, maybe even decades before everyone in the world gets into cryptocurrency. For one, it is not easy to learn and people have different level of understanding. Perhaps gradually if bitcoin continues to become popular, more and more people will hear about it and think about using it.

Rhaizan

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Quote from: Maricel2017 on August 02, 2018, 02:01:48 AM

Quote from: cryptomaster4 on June 14, 2018, 09:32:05 PM

Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?

It wont be main currency but it can be treat as global currency since we can used it any where we want, i think in the future those country who do not support crypto currency they will study to adopt it because it has a big benefits to many people specially for those person who are exposed in digital or computer.

Yeah crypto currency is for those people who are always exposed in computer, so this is not for those people who don't always in computer so if you are always in your computer for games then try to visit this forum to have knowledge about crypto currency.

kjfngkleoi

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The Blockchain method provided by Bitcoin is an alternative. Designed to be distributed, Bitcoin distributes copies of all transaction histories to anyone in need. These people can then participate in the examination of historical and future transactions. That way, it is no longer the only entity with a determinant of the validity of supply and transaction history, but a comprehensive community. Also, joining Bitcoin will make it unproductive - the larger the community, Bitcoin's Blockchain is more secure than malicious attacks such as hacking.
As the first codified currency, Bitcoin had a reputation and value early on. It also prepares what a decentralized currency should look like, and demonstrates that the idea is something that can actually be successful. In a decade, it has become a global experiment.
So Bitcoin can be a main currency of the world economy. But I do not know at what time.

Maricel2017

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Quote from: cryptomaster4 on June 14, 2018, 09:32:05 PM

Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?

It wont be main currency but it can be treat as global currency since we can used it any where we want, i think in the future those country who do not support crypto currency they will study to adopt it because it has a big benefits to many people specially for those person who are exposed in digital or computer.

PlusOne88

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“Tackling Climate Change Using Blockchain”

While bitcoin can be utilized as a currency, yet there is always a great chance for it to still become volatile and will not become very stable due to the system of pricing for bitcoin. If it is dependent on the ratio of supply and demand, then greater is the chances that more investors will be selling their coins during times when prices are high which could trigger a massive dump and falls steeply and which could also go up again easily. Yet still becoming very volatile.

Dudeperfect

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Well, the year 2017 was the year when Bitcoin and blockchain technology went mainstream. However, we still don't have a large number of the population using Bitcoin right now but I am happy for the momentum of the growth in terms of user base. Bitcoin definitely has a potential to be one of the dominating currencies in the global fund transfer industry but in any case, I don't think that Bitcoin will be the only single largest currency in the future. It has the potential to optimise the economy by reducing the time and cost of transferring funds from one point to another so I do see the optimistic picture of it down the road.

yonjitsu

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With bitcoin soaring high and became the base currency and mainstream of cryptos, then that is already enough to tell that the future of cryptoworld is in good hands. As to the economy's future, it would also have the same effect given the fact that other countries who utilizes cryptos had already claimed that their economy has boosted whilst engaged in cryptos.

Asawakobana2017

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Quote from: inanilujimi on August 01, 2018, 08:41:37 PM

Quote from: Sled on August 01, 2018, 08:35:25 PM

Quote from: Ikay on August 01, 2018, 07:05:23 PM

Maybe? but bitcoin is a very huge money and government don't want to use it because as you saw that the prices of bitcoin itself can surpassed $50,000 for one bitcoin only so government will not promote it and also to its volatile value so we cannot blame governments for now.

The point is, the government doesn't really want to take the risk of bitcoin and other type of cryptocurrency because they are seeing a huge risk of losing money because of the volatility, that volatility is the main reason for the people to just keep losing money so they are not accepting it and promoting it because it is just very risky.

as far as i know the highest price bicoin currently is about $ 20,000.
maybe in the future can touch the price of $ 50,000 or more, if for bitcoin and the world economy I'm optimistic bitcoin will replace fiat money because too many deficiencies occur in fiat money, we must be ready to change for the better future.

Bitcoin has maybe a big rule in the economy in this coming years, economy will really bost in the next few years if many individual will know bitcoin air maybe crypto and make a profit on it. I can really helps every individual around the globe to stand alone without the help of any government.

inanilujimi

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Quote from: Sled on August 01, 2018, 08:35:25 PM

Quote from: Ikay on August 01, 2018, 07:05:23 PM

Maybe? but bitcoin is a very huge money and government don't want to use it because as you saw that the prices of bitcoin itself can surpassed $50,000 for one bitcoin only so government will not promote it and also to its volatile value so we cannot blame governments for now.

The point is, the government doesn't really want to take the risk of bitcoin and other type of cryptocurrency because they are seeing a huge risk of losing money because of the volatility, that volatility is the main reason for the people to just keep losing money so they are not accepting it and promoting it because it is just very risky.

as far as i know the highest price bicoin currently is about $ 20,000.
maybe in the future can touch the price of $ 50,000 or more, if for bitcoin and the world economy I'm optimistic bitcoin will replace fiat money because too many deficiencies occur in fiat money, we must be ready to change for the better future.

Sled

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Bitcoin- in bullish time

Quote from: Ikay on August 01, 2018, 07:05:23 PM

Maybe? but bitcoin is a very huge money and government don't want to use it because as you saw that the prices of bitcoin itself can surpassed $50,000 for one bitcoin only so government will not promote it and also to its volatile value so we cannot blame governments for now.

The point is, the government doesn't really want to take the risk of bitcoin and other type of cryptocurrency because they are seeing a huge risk of losing money because of the volatility, that volatility is the main reason for the people to just keep losing money so they are not accepting it and promoting it because it is just very risky.

bungphe

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In order for btc to become the main store of value, majority of the population must agree on that it will be so, since btc does not have any intrinsic value; the value of btc is decided purely by demand for btc.
So, my answer is no. Btc is not the future of our economy.

Ikay

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Maybe? but bitcoin is a very huge money and government don't want to use it because as you saw that the prices of bitcoin itself can surpassed $50,000 for one bitcoin only so government will not promote it and also to its volatile value so we cannot blame governments for now.

renc77

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Quote from: cryptomaster4 on June 14, 2018, 09:32:05 PM

Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?

Probably yes.

It will take a long time of processes. A long fights of arguments and a wide range for further studies. It is truly hard for everyone to change their culture like changing their fiat currency into a digital one.

Furthermore, many places and countries having a doubt about using cryptocurrency in their procedures. On the other hand, Bitcoin is rapidly becoming popular among the countries which made their economy growth boosts.

I believe the country who disagree crypto will become an advantage for digital currency. If the countries continue to argue and questions, the development will also continue to the point where everyone will accept Bitcoin. Cheesy

Topic: Bitcoin and Future of Economy! - page 8. (Read 2933 times)