Topic: does bitcoin look scary / deadly for the future ...? - page 9. (Read 1282 times)

Yes, I think Bitcoin will be scary someday somehow because people will eagerly get Bitcoin from other people if it turns to be so expensive.

I don't think bitcoin look scary for the future especially related with our economy system because. Bitcoinin for the first time remains calm amid the collapse of the US stock market.

The US stock market on October 24 experienced a sharp decline, which was preceded by a prolonged fall in the S & P 500 index: the Dow Jones index fell by 600 points and launched the fall in NASDAQ, and then in the Asian stock markets. Shares of some companies fell by 20% from peak values, capitalization fell by $ 600 billion, which made American stock analysts say about the beginning of a panic. And for the first time, Bitcoin did not react to the decline in the major stock indices, although the rate of cryptocurrency No. 1 synchronously followed the stock market so far.

Analytical agency Sifr Data, which tracks the correlation between various cryptoactive assets and fiat money, was the first to announce the unexpected stability of Bitcoin. This led some analysts to assume that, amid a falling stock market, investors preferred to withdraw funds to a stable cryptocurrency. If this thesis is confirmed, the next drop in the US stock market may be accompanied by a movement of capital not into government bonds, but into digital assets, which will give a powerful impetus to the crypto-industry as a whole.

meaning a household name? possibly, sometimes me and my brothers are discussing crypto when i visit in their place. i introduced them to bitcoin that i bought him a motorcycle from bitcoin. that should spark a conversation. every time we talk bitcoin price we always talk of when are we going to buy a car. i think my child will also be interested in btc if i one day hand some to her.

I think bitcoin could be like that. It can happen earlier than we think. However, in a few more years we will use Bitcoin.

Yes, I don't want my children to have a bad fate in the future so I'm doing everything just to preseve some of my investments that I can pass on to them one day.

Its part of the history so it will be part of the conversation of our grandchildren one day if ever we preserved even one bitcoin in the future. If its price would estimately like $100,000 or $1,000,000 in the future then they will surely be curious to talk about it.

For me bitcoin is not scary and will not die for the future, on the contrary I am very proud and appreciate the people who play a role in making this crazy idea. Try to imagine the current price of bitcoin is very expensive and exceeds the price of gold in the real world. During the formation of 2009 Bitcoin, to this day it still exists, and in the future humans need digital currency, and bitcoin is present now to realize modern society.

As part of world's modernization in terms of
technology the blockchain technology was born and if only the whole world realize its goodness that can give to people then I think the process of accepting it will be shorten but no doubt time will come that all government adapt it in future, bitcoin is proven good no matter how others makes fud to destroy its image and still I believe that the worlds economic future is in crypto currency.

It doesn't look scary or deadly but it does look pretty useful and portable for our next generations. They will have huge amounts of money in their pockets without any physical burden of carrying cash. It is 100% assured that they will have the potential to use many other cryptos as well because if Bitcoin goes to millions per coin than the only ones will be rich and lucky whose grandparents brought Bitcoins for them in the current times.

Bitcoin has a great future, just look at our past, and what currency people used 100 years ago!

2017: tested adoption rate within the population
2018: infrastructure build out and regulation establishment
2019: wealth transfer begins to early investors
2020: major percentage of population converts to crypto
2021 +: the rest of the population piles in

This is just my opinion

I think it will not affect the grow up in terms of attitude and status of poverty on the children in each country. Bitcoin give a very big help for us nowadays in terms of erning money if you work hard in crypto. Crypto for us is a part time job but the earnings help for me in financial.

Bitcoin definitely has a lot of skeptics and people who speak negatively of it. But guess what? That's also the case with past technologies in their infancy stages: cars, the internet, you name it!

Why do we have people like Nouriel Roubini who shit talks bitcoin? While Roubini is probably a good economist, he doesn't understand the underlying technology of bitcoin. There's a huge technological gap. Same with Peter Schiff and others. I don't remember hearing about a single bitcoin skeptic who wasn't wrong with multiple things about bitcoin or cryptocurrencies in general.

Also, while they have a few points that make sense(e.g. Roubini said that bitcoin can only handle a few transactions per min), they're only focused on the present capabilities of bitcoin. While the mempool can be easily congested today, and that bitcoin currently can't scale globally, technology moves forward. We already have segwit, and the lightning network is currently being developed for it to hopefully be easy to use in the near future.

There's just so much noise right now because bitcoin is still in it's infancy, and is still continuously being developed to make it better. A fiat money system didn't completely get adopted in just a few years I'm pretty sure. Bitcoin is only barely 10 years old(whitepaper was released on the October 30th of 2008).

It is really difficult to say anything accurately about something as volatile as the Bitcoin. But, from the look of the present market, it will not be that bad if BItcoin goes big in the future. It will be asset, like gold is now the asset of present world. People always had highlighted some negative sides of Bitcoins. But, the positive sides are so many that they always have outweighted the negative sides.

First of all. Bitcoin is not scary and I don't see a reason why it would be deadly for the future cause it will be the gateway for money in the future. However, the world of technology is changing every day. An example, if  you could remember in the 60s people watch black and white TV set then but not anymore these shows that in the world is moving towards and appreciating new technology sooner or later the world at large will move to crypto currency.

The future will be worst thats for sure. The World is standing right now but how long it can be? The cryptocurrency and the bitcoin is only the system for the Money thats all. There are millions of problem that World is having. Only problem with the comes with the crypto Money is energy, electricity. I wouldn't say that it would not end of the World. Bitcoin helps more than it damage.. The World has other big problems not the cryptocurrency..

I had a hard time reading your post, but still I'd answer your query based on what I understand.

Bitcoin isn't really deadly or dangerous in the future if ever it goes big. Like gold, it could potentially be one of the most used asset in terms of storing value and whatnot. Right now, people and governments are seeing the potential of bitcoin and the blockchain in our society, most notably in cross-border payments and service integration respectively. Albeit the negative light that other groups are giving bitcoin, it's fine because the positive outweighs the negative in our current times.

Do you all have time to think about the future of our children and grandchildren in the future about the economy ...? if we see bitcoin in the present, it's already very busy talking about it some argue negatively and some argue positively Will in the future be the subject of conversation at the dining table for our grandchildren later ...?