Topic: Digital money or virtual currency? - page 10. (Read 4168 times)

People of our country belive bitcoin but the government does not understand blockchain, so bitcoin does not believe, even though the government has issued several laws against bitcoin, but the people of our country are using bitcoin without disobeying that law! Someone holds a bitcoin and does some business, and someone thinks that there will be a time when there will be seven to one who can buy a car!

Electronic money is more practical than real money. So it's difficult to be able to choose what's there. You can be robbed into a difficult choice but it's better to choose an electronic currency as a window in the future.

For now I would say that bitcoin is more than an investment source than a real legit currency, because it is still not regulated enough to be used as a currency to buy things and to pay for the services.

I think that within the reason that your country is in the middle class would probably be the reason why the people around there are not familiar with it and especially for BTC, I think that the only solution here is that someone or something could strongly influence BTC around the country, and it will also depend on how the advancement of technology will affect the people around the country as well.

Bitcoin is regard to virtual currency. However, it can be change to fiat (local currency) through various medium. In many counties including mine, many people still refer to bitcoin as scam or ponzi scheme because it became popular when MMM ponzi takes center stage in my country. I myself was introduced to Bitcoin through ponzi.

in my opinion, making us successful or successful in the crypto currency is not from the level of education, in my opinion many are successful in crypto currencies based on self-taught experience and seeking information about trading crypto currencies

Betting and Investment are two distinct things and both have their own particular sort of hazard level.

In betting, when you get misfortunes at that point there is no real way to recuperate - you are simply messed up. So it's a high-chance thing.

In crypto venture, you are purchasing an advantage with your cash and you are hodling that - regardless of if the value falls later for quite a while, yet at the same time have a shot that the cost will rise once more.

So it's a generally safe thing if contrast and betting.

I will go out on a limb to put all my cash in crypto yet I won't hazard 1% of the cash in betting. I think betting has high hazard than crypto venture.

In the event that your nation people groups don't have much information about crypto or they are not getting much data about crypto at that point assume the liability to influence them to comprehend the magnificence of crypto.

It won't cost you any cash, simply begin with your loved ones. One day your messsage will spread out everywhere throughout the nation.

I figure most stay uninformed of the openings and potential for benefit in digital currencies. Alternate less unmistakable advantages to society and human progress everywhere introduced by decentralization, algorithmically managed supply, trust-less frameworks, deregulation and different standards whereupon some cryptographic forms of money are assembled or try different things with all can possibly reshape and change the manner in which we consider and utilize cash. There are a great deal of astonishing parts of crypto however I figure its majority does not interface with pop culture in a way which catches people groups creative abilities. Possibly its the media spamming antagonistic slant which is the prime power affecting individuals into having negative perspectives.

I'm happy somebody attempts to assimilate and learn relentless. That is the thing that I ought to do however by one means or another end up doing different things. Ideally I can be more engaged and improve the situation later on.

Actually, the benefit of using bitcoin is the easier to do the transaction without cash and also money changer. But in my country, bitcoin is not a currency, it is an asset like gold which has prices that could change every time. The goverment think that if bitcoin is a currency, then its prices will be stable and it is not changed fluctuatively

Same thing at my place too. Most of the people thinks btc is just gambling. They don't ever bother to learn about blockchain.And recently my country also banned btc. They showed the cause of money laundering..  Just give them tine till 2020. They will see the value of crypto..

It’s true. There are still lots of bitcoiners who has lack of understanding about the existence of bitcoins although they are into it already. But anyway in a long run and for futher studies soon they will be knowledgeable enough to understand the usage, flows and how important it is and how lucky we are to be a part in this cryptoworld.

Virtual currencies and digital money will soon replace the Fiat money, as it is more convenient to handle.

Yeah digital currency like what we use today like credit cards, debit cards, etc. we need it because the government still has not
legalized bitcoin, but we know that virtual currency will be more desirable because of the factors of freedom and decentralization

Virtual currency is any currency that is not printed on paper or stamped into metal. It's virtual because it only exists in the virtual world.
Cryptocurrency is digital for sure.

Just be optimistic and have partience. Wait for the time where your country will know the true essense of bitcoin and its importance. By then they will regret the amount of time they waste, taking bitcoin for granted.

It is very true and i also suffer from same case because bitcoin is not solid it is virtual thats why they don't want to believe on it and they think it will flew away.

It is valuable and many people have recognized it as a digital currency.

Btc is not famous on my country because  people not interested on how it works lack of knowledge of tecnology and information.so thats why some people are no idea regarding of that people has old are no interested on digital. They think this is not safe yes of they no idea of that but for me its a big help of for every people want to change thier lifestyle.

This is due to the lack of knowledge of the crypto currency and the blockchain technology. Human tendency towards anything new is, they don't adapt things faster even it helps in earning. For crypto even if they are eligible to earn everyone thinks it is not safe. it might be because of the term investment or due to the scams happening in the name of investment.
But once understands the technology we will improve ourselves to become a better person than before.

Bitcoin is a crypto currency that is used as a bitcoin online payment tool has its own currency symbol maybe for now there are not many people who accept the existence of bitcoin because bitcoin is currently very young maybe in my opinion we just need to wait a while.

Bitcoin is banned in our country. The government is opposed to Bitcoin. This country has not yet reached the new technology. Therefore, Bitcoin is illegal in this country. According to me, Bitcoin is the best in the world. It can improve through a country. Bitcoin is online currency. So there is no risk .