Topic: Bitcoin is the future rightly. - page 4. (Read 1173 times)

I think so too. Agree with your analysis. I am sure that bitcoin is a digital currency with a bright future prospect.

Bitcoin has been rising in recent months as its exchange rate continues to rise dramatically. But what exactly is the future of this cryptocurrency?

James Altucher, a technology investor, fund manager, and venture capitalist, writes 10 predictions about this digital currency. According to him, 98% of existing digital currencies fall into the category of fraud, but bitcoin, and a number of other digital currencies, have different cases.

Altucher calls bitcoin and a number of other digital currencies sometime will replace the position of paper money as a medium of exchange. The reason, this currency can fix problems that exist in paper currency, and indeed in history, the same thing always happens in the new currency that replaces the old currency.

For example, gold replaces barter systems as a means of transactions, and paper money replaces gold. Now according to Altucher, bitcoin and a number of other digital currencies will replace the paper money as a means of transaction.

Quoted from CNBC, Monday (4/12/2017), here are 10 predictions of bitcoin from Altucher.

1. At least there will be one country whose currency is dead, possibly Argentina or Venezuela. This will make the bitcoin adopters increase enormously, which will trigger an increase in bitcoin value to over USD 50 thousand when it happens.

2. The mainstream bank will receive bitcoin, and start offering bitcoin storage facilities. They will also create digital currency derivatives.

3. 95% of digital currencies other than bitcoin will disappear, just like when dotcom sites are booming. On the other hand, digital currencies that survive the exchange rate will increase dramatically. This will happen in the next four to six months.

4. The US government will quietly start accumulating one of the small digital currencies to facilitate transactions in gray areas with other countries. This is actually already beginning to happen, but it will only be big in 2018.

5. China will invest heavily in digital currency, though most likely not bitcoin. The Chinese government will want to have a competitive digital currency with bitcoin. Condition of the digital currency should be able to control them.

6. The main problem in digital currency is volatility, and this is predicted to decrease drastically in 2018.

7. More and more companies will pay their freelancers using digital currency, which will trigger tax reforms.

8. The digital currency will change the monopoly of a currency that is by the government of a country, just like the internet that changed the monopoly practice in the phone industry.

9. There will be new government agencies created to analyze digital currency regulation.

10. Thousands of digital currency companies will be created and will go public, but only a few can succeed.

Yes bitcoin is the currency of the future. Strength in defense of FUD and rejection Some countries and governments do not make bitcoin lose its value and popularity. After seeing the strength of this bitcoin I'm sure bitcoin will last a long time or may even exist forever. Bitcoin is a revolutionary, decentralized currency with sophisticated blockchain technology.

We as a whole have issues and conditions and bitcoin does not prohibit with this wonders. Truly, bitcoin beyond any doubt has its troubles encountering today yet it doesnt mean it will crash or close sooner rather than later. Bitcoin loses its financial specialists however generally remain. We should trust bitcoin and enable it to develop.

Bitcoin is a digital currency created and held and distributed electronically, using a peer-to-peer system operating on the server to make payments directly to its users, without involving intermediaries.
Undoubtedly, using bitcoin makes it easy for almost anyone.
Bitcoin networks are cheaper than bank transfers, credit cards, and other conventional banking methods.
The bitcoin system is a promising undertaking to control the economy of a few people and improve stability and prosperity.
Bitcoin's very safe to use because cannot be easily faked.
The advantages of this bitcoin are the price's likely to rise steadily over time.

We are certainly going towards a cashless society whether it's in fiat or cryptocurrencies . Yet for people to trust cryptos , a lot of companies need to adopt it as an official payment method , especially the Emarket websites such as amazon , Ebay and aliexpress .. A lot of people use those platforms daily and if cryptos get adopted there , it'll have a spike in demand and it'll become known by everyone across the globe , and that's what will make cryptos's future better . Fiat money will certainly not disappear but if countries all over the world (not just asian ones ) starts accepting cryptos , then it'll be the beginning of the end for fiat money .

For me it is. Bitcoin can change peoples lives with just a span of time here in bitcoin and i am expecting that it can too for the whole world because it will only bring us good changes that will cause a better society

There are lot of people who change their lifestyle because of it, they become rich, stable source of income some businesses coming from it and also help those who need coming from bitcoin. A lot of people is a bitcoiner since they knew that it is a big help when investing on it.

The idea of digital money—convenient and untraceable, liberated from the oversight of governments and banks—had been a rumored and popular topic since the birth of the internet. Over the past few years, no matter where you turn, you cannot escape hearing the terms “blockchain,” “cryptocurrency” and the infamous “Bitcoin.” But if you are not a hip millennial or an investor trying to jump on the trend, you may be wondering: what exactly are cryptocurrencies? Is this just a bubble waiting to explode, or is it the future of commerce and the further digitization of our lives? read for more info https://born2invest.com/articles/bitcoin-future-commerce/

bitcoin will sure get back to its heights but their will be sure a lot of dips and pumps that will hapened.

You maybe right that it is not first time in history that bitcoins have dipped this low in terms of percentage but the time frame of which this happened is way too fast compared to other dips that have happened in the past years. This fact is the one that is bothering me but nonetheless, I still invested and still holding bitcoins to this day because I still believe in it despite all these shocking and scary that took place in this industry in this year.

Bitcoin is not as perfect as conventional money, bitcoin is known as a medium of exchange, which is resistant to counterfeiting, knows no national borders, does not waver due to political conditions in government and is not affected by anything.
Like gold, bitcoin can suppress excessive inflation rate also a speculative currency.

Higher prices has put Bitcoin in a privileged position in the eyes of many people especially those interested in making a profit from the price difference. The high value of bitcoin is due to the increase in technology promised by bitcoin through system changes.
The value of bitcoin is the legalization of the use of bitcoin which triggers people to buy bitcoin to benefit from the ease of transacting electronically

Bitcoin is more than a currency or money. This is a unique technology that can change our world, can change the economy and the entire global financial system.

Exactly it is the main reason why bitcoin is really a way to get successful life,  it is very simple to get money and become rich with bitcoin, if you have money you can earn through it by investing your capital to bitcoin and if you don’t have enough money to invest then you can earn free income by joining campaigns like signature campaign and bounty, we can use it as an additions source of income as well to get double profit.

Bitcoin matters not only because it is the first cryptocurrency, but also because it is a very promising technology that can really be useful.

I think looking at articles in mainstream media, getting email in my personal mailbox (never used for anything related to crypto) about a lucrative BTC investment. It is a different world that we live in. We might wake up one day and see a billboard advertising BTC on the streets and people chatting casually down the street.
Fun facts for you guys. I became interested in BTC in 2014 and by that time you could barely see ads in the media. Some social media directors promote their altcoin and of course you can see banners and articles on technology sites.

Truly it is valid. Btc is for the eventual fate of numerous individuals. Btc has esteem since it is the main cryptocurrency with the technology behind it is astounding and makes such a large number of solicitations for customers who have some esteem. On the off chance that Btc demand diminishes marginally then the esteem likewise should go down.

Bitcoin is future oriented and bitcoin is our future too. Science and technologies and our world are improving day by day. This improvement make reach bitcoin in to a top possision on crypto world and I'm sure in future bitcoin will determine our future.

bitcoin has been able to change some of the human life,in particular,among the chenges that have been made by people and through technology, because people can easily deal with it, and because of this people are  more so people take it easy

Bitcoin just showed the world something new instead of the usual money. This is a new development and a new stage. In any case - it's great.

I think bitcoin is the future in the sense that many organisations have started accepting it as means of payment and very soon a lot of people will definitely move from fiat currency to cryptocurrency.