Topic: Bitcoin will become more popular - page 12. (Read 870 times)

hopefully will last long with incredible bitcoin perkembangnya has become the spotlight of the world and become an appreciation for other coins

I would like to ask if the current bitcoin progress can be eliminated sometime in the future?

and what do you think if bitcoin is no longer circulating in your country?

bitcoin is popular in any other country usually with a high capability obsess of the internet, i dont understand what are you supposed to tell us if the popularity it has been popular in many countries

I believe that bitcoin is the best choice for many, because bitvoin has provided many advantages for everyone who joins.

it may and may not.. lets just see and wait though.. but one thing im sure of blockchain will be the future,, it  will be further develop and widely use

That is what we are all inspiring to have isn’t it? I think it is very possible given the right infrastructure and the countries like Germany and Japan are very on the road to have a history in the making that bitcoin would be if not able to overtake the paper currency but I think that we have a pretty good chance especially considering the record breaking milestones that we have achieved just this past year so i’m very excited for the future of bitcoin

To do so, we must defeat all governments. Now the bitcoin community does not have a single strategy for the development and protection of bitcoins. This makes bitcoin vulnerable. It seems to me that bitcoin's interaction with Fiat is what hinders its development and kills it.

It will get the recognition very soon if the government think so! I mean they somehow allow us to use the crypto currency just like the way we use the fiat then it could be real short cut for the whole crypto currency community to join the global presence of the bitcoin. Off course with the government approval it will become easier for those people who dont believe in the crypto currencies at all. This will push the popularity stuff very fast thus making it easy to accept global currency. I mean there will be complete chance of this happening if few of the powerful countries in the world make it full scale legal currency.

Maybe not now, but little by little bitcoin is going to become a very useful platform for many people, I think it will mainly succeed with the big investors, with the big companies.

I personally believe that this will happen to Bitcoin, this hope happens maybe more than ten years, or it could be faster. Although the world's most popular cryptocurrency does not have the ability to now be an effective currency, but as time goes by and its evolving the internet this could happen, where the world will have a single currency that is bitcoin

bitcoin is the popular currency in online. It is now the king of currency in online. bitcoin can be used in any where at any time. It is  the first decentralized currency which has broke all record of price limit. And I am sure in future it will broke all the record of price limit.

Lolz. Dont you think that it is already very very popular and it is so much popular that most of the government are not liking the idea that people are using it and they have literally started to ban it everywhere. I mean thats the best fact which predicts that bitcoin is well known to many people and its causing the jealousy amongst the other financial institutes.  

Apart from this as the time will pass more news will come about the bitcoin in the market, sometimes they will be bad or good but they will promote the bitcoin and thus we can see the popularity increasing. The different ATH's that will come in the future will also be one of the reason for this one to happen.  

Once bitcoin price starts rising again, it will gain more attention and those who where skeptical during the bear market will trust bitcoin and stop being skeptical about it. Bitcoin is an innovation that used technology in terms of transactions and fund safe keeping.

Not true in the least, adoption is increasing yes -- and it will always increase. But bitcoin ISN'T EVEN CLOSE to becoming a currency which is very popular. Bitcoin may be at the top of cryptocurrency, but it is far down when it comes to the grand schemes of all currencies.

It MAY, but I doubt governments allow this.

Yes, many experts says bitcoin will be the only currency left in this world in 10 or 20 years from now.
One of them who said that is CEO of twitter

Last year, when the price of bitcoin hits the $20k people are racing to have such coins, and now this year that there will be a chance that the history will gonna repeat itself again then for sure it would  have more demands to come.

Yes, it might be become popular but I don't know in what way, maybe its because many people lost their money or might be lots of people become more profitable.

I agree with you, it is still very undervalued but I don't mean in fact it is very cheap, it may seem like expensive now but its market cap is still low if it is going to be a world currency.

For the foreseeable future, I would argue no. Bitcoin is a new type of electronic money created by a software engineer (Satoshi Nakamoto) in 2009. Bitcoins are not controlled by a central bank, but rather are created by users who generate new Bitcoins when they use their computing power to verify and process Bitcoin transactions (a process known as “mining”).

The answer to the question on whether Bitcoin will become a common currency of the world turns, to me, on whether Bitcoins satisfy the three key functions of money (medium of exchange, unit of account, and store of value). It is a medium of exchange. Fees are low (certainly when compared with using credit cards), transactions can be made anonymously (for those who value their privacy).

But Bitcoins are not good units of account or stores of value. The price of Bitcoins is very volatile (over seven times as volatile as the price of gold, and over eight times the volatility of stock market indices such as the S&P 500). For example, in 2011, the price of Bitcoins fluctuated between 30 cents and $32. It rose to $255 on April 10, 2013, and fell all the way down to $55 on April 17. By November of the same year, it was up to $1125. Today it is worth about $1,365.

High volatility means Bitcoins do not function well as a store of value or a unit of account and so its use is likely to be severely limited in the foreseeable future.
Any ideas???

 

Bitcoin is already the worlds most famous currency online. But offline, fiat currency rules. In my opinion, bitcoin could never take over fiat currency even in the long run since the government of the world will not allow a currency they cannot control to dominate them. Thus if cryptocurrency will be the new trend of the times the government will create their own blockchain and will create their own cryptocurrency. In that time possibly the ruling cryptocurrency will be that of the leading superpower country.

Yes, it will be coming soon, that bitcoin will become popular, because as of now there is still a lot of people that they think, that bitcoin is a scam. But when bitcoin will be comes up in the social media or Television, the people that they think that bitcoin is scam, they will known that they are wrong on what they think.e