Bitcoin as the currency of the future? - page 24.

Mpamaegbu

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Quote from: Mbah Tyo on May 02, 2017, 07:22:14 PM

I see that the more bitcoin the more users seen from the significantly increased bitcoin price increase, is this a sign that bitcoin will soon become the future virtual currency?

I believe the whole Bitcoin price increase is borne out more of speculation than the population of users. Those who say the price is a bubble aren't wrong. On the possibility of Bitcoin becoming the virtual currency of the future: I think Satoshi and his cohorts should fix the numerous issues surrounding Bitcoin first before we start thinking of it maintaining its lead over the altcoins.

coingrow

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For bitcoin to become the future virtual mainstream currency the transactions has to be super fast. Look at the speed at which Lite Coin transactions take place. If bitcoin can achieve this, definitely it would become mainstream.

bitllionaire

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Quote from: JimmieA on June 25, 2017, 11:00:11 AM

Quote from: Mbah Tyo on May 02, 2017, 07:22:14 PM

I see that the more bitcoin the more users seen from the significantly increased bitcoin price increase, is this a sign that bitcoin will soon become the future virtual currency?

Exactly so, but btc is still a digital currency, which is very different from the conventional currency we use. Btc will create a new trading mode for a particular currency that is hard to compare to it. The Currency that anyone can use, trade and use it for a variety of purposes but if so desired then the fee must first be reduced .

yes currently bitcoin is used as digital currency but in future when the number of bitcoin users will increase then it will certainly be use in local shops also and will become a conventional currency. but in fact it is not so easy it will take a lot of time to become a local currency.

JimmieA

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Quote from: Mbah Tyo on May 02, 2017, 07:22:14 PM

I see that the more bitcoin the more users seen from the significantly increased bitcoin price increase, is this a sign that bitcoin will soon become the future virtual currency?

Exactly so, but btc is still a digital currency, which is very different from the conventional currency we use. Btc will create a new trading mode for a particular currency that is hard to compare to it. The Currency that anyone can use, trade and use it for a variety of purposes but if so desired then the fee must first be reduced .

Blackdeath

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Quote from: Mbah Tyo on May 02, 2017, 07:22:14 PM

I see that the more bitcoin the more users seen from the significantly increased bitcoin price increase, is this a sign that bitcoin will soon become the future virtual currency?

I don't see any reason why not since it's qualified for that. It can happen like years from now since we need to be more modernized more our technology so we can adopt that features.

Kateryna_Oli

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Quote from: Shiller2009 on June 25, 2017, 05:29:09 AM

For bitcoin, you still need to improve the speed of operations and make it possible to use it anywhere in the world. While it will be only an additional currency.

Maybe ATMs need more developing? They will greatly facilitate Bitcoin operations Roll Eyes

Casdinyard

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Quote from: Shiller2009 on June 25, 2017, 05:29:09 AM

For bitcoin, you still need to improve the speed of operations and make it possible to use it anywhere in the world. While it will be only an additional currency.

Yes I agree on this. Bitcoin will not be as a currency of the future rather an additional currency only. Fiat can't be replace of any crypto currency, whatever will happen nor whatever it takes.
However, bitcoin will always be the future as long as many people patronize it, merchants still using it and I don't see any reason that btc will die in the future.

Shiller2009

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For bitcoin, you still need to improve the speed of operations and make it possible to use it anywhere in the world. While it will be only an additional currency.

Astvile

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Its already the future of cryptocurrency bro,look at how it dominate the cryptocurency market all over the internet its just crazy how bitcoins price increase rapidly through this months,Its already the future of all currency all we need to wait is for government legalizing it

SMSabuj

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Well said. Bitcoin is the future currency. I hope every country will accept BTC very soon.

ashfakur

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Is that right is bitcoin is future currency. Bitcoin price is increase very fast. Globally bitcoin adopting. Already Japan declerd bitcoin is legal on their country. Many others countries also follow Japan.

matuson

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Man cannot exist without strict control from the state. Any freedom is detrimental for the state. No one will ever allow a free currency. The average Internet every state is trying to limit. What kind of recognition of a decentralized currency we can talk.

kpcian

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Quote from: sergio red on June 25, 2017, 04:37:17 AM

Bitcoin is becoming a profitable and popular currency day by day, many countries are considering it in order to allow as a legal currency. Japan already approved it as a legal currency so it can be a trusted currency for everywhere. So I strongly believe that Bitcoin will be the future currency...

I agree with you on this point, day by day bitcoin is becoming a acceptable currency in developing countries, Japan already declared it as a legal currency, Canada and Australia are going to allow it very soon. So we can be hopeful that Bitcoin will be the currency if future.

Dudeperfect

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Considering the law of demand and supply, yes. The price of bitcoin increases according to the increase in the number of users or say the increase in the demand of Bitcoin. However, Bitcoin is no more a cryptocurrency but a tool for speculation as more and more people are realising the potential of the bitcoin, the price is going to increase in the future and investors (not only individual but also institutional) are heavily accumulating the bitcoin at whatever price so it results in increase in demand and hence the price.

Creepings

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Quote from: sergio red on June 25, 2017, 04:37:17 AM

Bitcoin is becoming a profitable and popular currency day by day, many countries are considering it in order to allow as a legal currency. Japan already approved it as a legal currency so it can be a trusted currency for everywhere. So I strongly believe that Bitcoin will be the future currency...

It can't be trusted by much specially this time where the network splitting is making many users and investors panic. They are being scared of what may happen to bitcoin, though I don't think there are no reason to be scared. It will just dump and we will be using bitcoin like the other month.

sergio red

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Bitcoin is becoming a profitable and popular currency day by day, many countries are considering it in order to allow as a legal currency. Japan already approved it as a legal currency so it can be a trusted currency for everywhere. So I strongly believe that Bitcoin will be the future currency...

JimmieA

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Btc will be the currency but will be the digital currency. Will definitely be used very popular all over the world. With the advantages of btc in the present, in the future btc will be used in many fields and perhaps in the financial system. Btc will be like a kind of business that many people love and make a lot of profit for them.But btc will not be used as a regular currency but through trading systems

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Quote from: zarintasnim on June 24, 2017, 11:53:17 AM

I think bitcoin is the currency of future. We live now digital world. Everything is computerized and online base. Now days we can buy many things online by bitcoin. Bitcoin is digital currency. In future we use bitcoin all field in our life.

That is the future we are headed too. But I think it would not only be limited to online transactions and trades. It could possibly be used for real world applications. Probably in the future people would be able to pay using bitcoins in a local grocery, thus eliminating the need to carry cash. The worldis really moving to cashless and paperless transactions, and bitcoins could be its key.

BitcoinPanther

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Quote from: zarintasnim on June 24, 2017, 11:53:17 AM

I think bitcoin is the currency of future. We live now digital world. Everything is computerized and online base. Now days we can buy many things online by bitcoin. Bitcoin is digital currency. In future we use bitcoin all field in our life.

I do not think that Bitcoin will be the currency of the future, instead, I believe Bitcoin open an era for a new currency of the future. With its blockchain technology and the impact it created on the economics and banking system, it will definitely serve as a model for a new currency to be created by the government. Due to Bitcoin's nature, being decentralized, it will never be used as a primary currency of any country, thus bitcoin will always fall as an alternative.

zarintasnim

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I think bitcoin is the currency of future. We live now digital world. Everything is computerized and online base. Now days we can buy many things online by bitcoin. Bitcoin is digital currency. In future we use bitcoin all field in our life.

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