bitcoin future expectations of the financial world

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Quote from: mrtryonebiggums on September 27, 2017, 09:07:00 PM

I think it goes to highlight the potential behind blockchain technology. We all know bitcoin is god among cryptocurrency users but blockchains are admired by literally everybody who understands them. They have the ability

to change the way we see, think, and do everything in our everyday lives. To me it is akin to either the world wide web coming online and the spreading of information or the smartphone which is having a powerful computer

in your hand. Lastly, as powerful as those first two movements and revolutions were I think this one of blockchain tech will be bigger and have a more lasting impact on society. It is the start to something we cannot imagine yet!

Many people are just starting to witness the true power of the blockchain. I expect many banking systems and businesses to use blockchain technology in the near future.

bitart

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Quote from: Nilima-Temp. on October 25, 2017, 02:14:58 PM

Yes, adopting the blockchain system is a great sign of the banks ready to transact in bitcoins. Months ago, the banks maybe didn't know about the bitcoin and they however rejected it because of the lack of knowledge about it. But now, they are doing so.

Adapting blockchain technology and getting involved in bitcoin is totally different story.
Banks won't accept bitcoins nor sell you bitcoins in the near future.
What I can imagine that banks can help people in connection with bitcoin is:
1. Safe boxes to store your seed (written on a piece of paper) safely
2. Later on, a secure and digital storage where you can hold your private key safely
Average Joes would be happy to store their private key at banks' because they're not confident enought that they can store their private key safely at home...
But I just can't imagine yet that banks will be directly involved in bitcoin in the near future.

myworkstrade

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Quote from: hellen xaveria on September 27, 2017, 09:02:22 PM

today many bank financial systems adopt the blockchain system, is this a sign of the acceptance of bitcoin as a legitimate payment instrument in the world, what do you think about it?

Wow, I do hope so, this is the time that banks upgrades there financial system and way of banking. Blockchain is the solutions of the crimes frauds and any kind of malicious activity to the bank specially crimes involvement with finances. Financial matters will affects all this, the way of living and also avoidance of manipulations of the funds, coz all the records is open to public all of us will see the transactions in the blockchain system. Any irregularities will be check immediately and theres no way they can bypass the system. I absolutely wait for this updates hope the entire banking system will upgrade to blockchain technology.

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Quote from: Nilima-Temp. on October 25, 2017, 02:14:58 PM

Yes, adopting the blockchain system is a great sign of the banks ready to transact in bitcoins. Months ago, the banks maybe didn't know about the bitcoin and they however rejected it because of the lack of knowledge about it. But now, they are doing so.

Banks aren't interested in Bitcoin's blockchain, but more their own (centralized) version of the blockchain. Bitcoin itself won't benefit from this at all. Banks know of Bitcoin from years ago, so I'm not sure what you're talking about with your 'months' ago -- maybe that you got to know what Bitcoin is months ago. Other than that, it's maybe in the last year or two they started to actually take it serious. Especially with how the Asian continent is picking up on Bitcoin.

Nilima-Temp.

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Yes, adopting the blockchain system is a great sign of the banks ready to transact in bitcoins. Months ago, the banks maybe didn't know about the bitcoin and they however rejected it because of the lack of knowledge about it. But now, they are doing so.

bitbunnny

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In the near future the whole financial industry will try to have the maximum profit avalable from Bitcoin. Despite some believes it will not try to ruin it or crash it but to export it more to get profit for itself. And this will be good for Bitcoin too. The price will rise, the acceptance too and that will be start of unstopable revolution in finances that has already started.

S A KHAIR

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Bitcoin has really changed the world. Before bitcoin we had to face a lot of problems while doing foreign business. We had to face problems while transacting money and we had to pay a lot of money as service charge and vat. And the transaction system was too slow. But bitcoin has changed the scenario. Now we can get or give payment easily through bitcoin. The transnational business has become so easy. We can even buy services through bitcoin. It's really amazing.

Redanim

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Firstly, I think that bitcoin will beat all the records, bitcoin will reach such a huge price and demand that there no one internet currency has. Secondly, I think in the future there is a chance that bitcoin will become a legal currency in the whole world and the market will depend from bitcoin.

JaredStein

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Future expectations of the financial world will be them trying to create companies and boards that offer some sort of help that they think people think can't be something they can find online and within the Bitcoin community.

damnek

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Quote from: prass tyo on October 02, 2017, 02:19:03 AM

Quote from: Shreek on October 02, 2017, 01:37:30 AM

I hope the future of bitcoin in the world of finance can grow rapidly ,, and progressively, so bitcoin can become world currency ,,

not bitcoin is not a currency but as a means of payment transaction only, so if bitcoin is considered as currency then later if there is a country that recognizes bitcoin then the currency of the country will be 2 kinds of currency types. please if i'm wrong in the correction

You think bitcoin is not currency how you says it bitcoin is currency people want to use for trade and they believe bitcoin is a currency .there is to much country they follow bitcoin and they consider bitcion is a currency

Ayiranorea

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The technology behind the digital currency is an innovation that has multiple usage accessibility. This can be implemented and developed based on the requirement. It's not effective with the financial system alone, but it has diversified usage. Maybe in future when everything goes digital bitcoin might get preferred for financial functioning.

LeoN147

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Quote from: Shreek on October 02, 2017, 01:37:30 AM

I hope the future of bitcoin in the world of finance can grow rapidly ,, and progressively, so bitcoin can become world currency ,,

can not be a reality. our government will crush it

Zenithar

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Quote from: Shreek on October 02, 2017, 01:37:30 AM

I hope the future of bitcoin in the world of finance can grow rapidly ,, and progressively, so bitcoin can become world currency ,,

The rapid rate of popularity, the high and promising profitability and the easy accessibility of bitcoin tells us about the successful and bright future of bitcoin which can bring a real change in the financial world I also think that bitcoin will become world currency very soon in the near future, because the popularity of bitcoin increasing very rapidly and people are putting more trust on bitcoin which is also making the future of bitcoin more bright.

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Quote from: audrey12 on October 02, 2017, 01:03:58 AM

I think countries are now accepting the technology of crypto currencies and sooner establishment will adopt this kind of payment method. I can see bitcoin is growing very fast and the demand also is getting higher each year if this trend will continue more countries will need to adjust and move their economy towards bitcoin market.

The upcoming age will be the age of information technology when every thing will become online and as the acceptance of such developed countries like Japan and Malaysia reveals that the remaining countries will must accept it. I expect a drastic change in the financial world through the most profitable and popular crypto currency which is definitely called as Bitcoin.

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Quote from: hellen xaveria on September 27, 2017, 09:02:22 PM

today many bank financial systems adopt the blockchain system, is this a sign of the acceptance of bitcoin as a legitimate payment instrument in the world, what do you think about it?

The fact that they are adopting the Blockchain system does not necessarily mean that they will accept bitcoin. They may even have the plan to build their own cryptocurrency for usage

bubblebit

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What do we expect from a financial institutions who always eager to be part of things regarding money. It is they’re way of life, they can’t sleep without having the assurance that every transactions in this world must have to pass through them. Those financial experts, banking officials has one thing in common they love seeing our lives miserable as they want everyone of us must have owe something or have loan to them. But it all slowly changing, thanks to bitcoin that’s why they tried to stop it but failed and the only choice that they can do is to be part of it. That’s what the saying goes “make you’re friends close and enemies closer”. Beware.

prass tyo

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Quote from: Shreek on October 02, 2017, 01:37:30 AM

I hope the future of bitcoin in the world of finance can grow rapidly ,, and progressively, so bitcoin can become world currency ,,

not bitcoin is not a currency but as a means of payment transaction only, so if bitcoin is considered as currency then later if there is a country that recognizes bitcoin then the currency of the country will be 2 kinds of currency types. please if i'm wrong in the correction

Shreek

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I hope the future of bitcoin in the world of finance can grow rapidly ,, and progressively, so bitcoin can become world currency ,,

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Quote from: hellen xaveria on September 27, 2017, 09:02:22 PM

today many bank financial systems adopt the blockchain system, is this a sign of the acceptance of bitcoin as a legitimate payment instrument in the world, what do you think about it?

I think here you have some misunderstanding Because here to accept blockchain techno doesn't mean that those banking system are in favour to accept Bitcoin .
Here I can give example of mine country where the big bank that is State bank of INDIA looking to start blockchain technology in Thier banking system so that they can make Thier system of banking more secure like bitcoin have .
But opposite of this those banking system of state bank of India are against the bitcoin and saying that bitcoin is a evil and it should not be in the country .
So here we can understand well that bitcoin now have now competeter with own technology , where people copying the bitcoin technology and going against bitcoin .
Well here we know everything and no one can stop us to use bitcoin at any condition .

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Quote from: hellen xaveria on September 27, 2017, 09:02:22 PM

today many bank financial systems adopt the blockchain system, is this a sign of the acceptance of bitcoin as a legitimate payment instrument in the world, what do you think about it?

Well, blockchain and bitcoin are two different things. Banks adopting blockchain techonlogy doesn't really mean that they are liking bitcoin, in fact most banks don't like bitcoin since it directly rivals their business.

But yes, in the future i can see that bitcoin will be a worldwide phenomenon and presence. There will be way more uses both irl and online for bitcoin than there are right now.

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