Future of the BTC - page 8. | Bitcointalksearch.org

ethereumhunter

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Quote from: enigvad on June 02, 2017, 07:26:59 PM

I think many of us, have a huge problem with the volatility of the BTC. And also the technology behind the BTC is outdated. There are huge amount of the other new generation cryptocurrencies that are more secure and adopted to special needs of different economic and consum needs. I have a big problem with BTC because of the high volatility. So i found Minexcoin, that according to the whitepaper might be more stable and less volatile.

i think its not because the problem with btc itself which is high volatility. i think if the dev and the team behind btc still maintain then i am sure the problem of btc will be solve. maybe in the future, until the bitcoin price can not reach for people to buy, bitcoin will be like a primary of the crypto currency and the other coins will be used and trade with bitcoin only and then we can trade bitcoin with fiat.

Dhimas Kanjeng

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I think it will continue to be attractive and will be used by more people, maybe one time a certain teritory will accept bitcoin only and a country's foreign exchange reserves at a store in the form of the bitcoin.

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Quote from: Flodemaga on June 07, 2017, 09:49:31 AM

Bitcoin will be recognized, i dont know what Japan has called bitcoin if a currencie or an asset, similiar to gold, but a digital one, anyway this will be followed by others countries on the next years for sure. The volatility of bitcoin has and still atracting a lot new investors that wanna to make and earn money doing trading, the most of them are just into bitcoin and doesnt care about altcoins at all.

Japan has called the bitcoin as legal currency and payment method. And japan not consider bitcoin as commodity similar with the gold itself. bitcoin has different purpose with the gold. Some countries aimed to accepted bitcoin to be the legal currency or make a regulation for crypto.

malikusama

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I don't think so any other cryptocurrency can replace bitcoins. I am not denying the fact that BTC technology is outdated/old and it is high volatile, but the popularity and users of bitcoins are increasing day by day and so its price. Price and easy payment methods are attracting people around the globe, any other cryptocurrency is not able to compete bitcoins.

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Quote from: arcanayou on June 06, 2017, 12:27:23 AM

I know there is nothing lasting in this world, bitcoin too, people used to use gold as a medium of exchange, then replaced with paper money, then credit cards appear, all will be replaced in time. But I think bitcoin will last for another decades, just like gold is still valuable, I think bitcoin will still be valuable

we are living in the cyber and technological world and it is a good reason to believe that bitcoin among with other cryptocurrencies will continue to survive for at least a century. However, gold is not yet be replaced. Do not make a mistake like that. People are still using gold to buy house and other things

mrcash02

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Quote from: Flodemaga on June 07, 2017, 09:49:31 AM

Bitcoin will be recognized, i dont know what Japan has called bitcoin if a currencie or an asset, similiar to gold, but a digital one, anyway this will be followed by others countries on the next years for sure. The volatility of bitcoin has and still atracting a lot new investors that wanna to make and earn money doing trading, the most of them are just into bitcoin and doesnt care about altcoins at all.

It's true, Bitcoin volatility only helps the currency to continue rising more and more and to be adopted by more people and countries. I believe there are two kind of investors: Those who care about Crypto-Currency at all and love all the aspects of the this invention, and those who wants to have only profit from the best and well known Crypto-Currency, Bitcoin. This second group doesn't spend much time searching on the internet about Crypto-Currency, they just want to buy Bitcoins and hold it, so they don't care about Altcoins at all, as you said.

Rahar02

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Quote from: angaper on June 02, 2017, 07:48:04 PM

Quote from: xuan87 on June 02, 2017, 07:36:51 PM

It depends on how you handle the volatility, for the one that invest in bitcoin the volatility seems so annoying, but for the trader volatility is good because it can make the traders earn money, and I know that there are a lot of new coin that got better feature than bitcoin but the investor is more believe in bitcoin and bitcoin has been adopted in many country, so in order to replace bitcoin you need a lot of users and that coin need to be implemented in different sectors in all countries

But it is important that those who do not want to use bitcoin to speculate, but to carry out their ordinary transactions as exchange of goods or simply as a store of value, also rely on bitcoin and for this, less volatility is necessary.

If we are only thinking about bitcoin as an interesting option for traders to make money, perhaps this high volatility will remain for long, making the use of bitcoin difficult to incorporate into real economy, and this would prevent it from being massively accepted, becoming a simple pump and dump business in the long run.

Every cryptocurrency is volatile of course, what make it different if bitcoin have been using for trade and store of value and other coins still not achieve that, just a new one or have less adopters. Bitcoin could be used in daily transaction if devs team solve scale problem (if they think it could be). For now, bitcoin still volatile untill it reach bigger market cap which not many people could easily pump and dump bitcoin.

Flodemaga

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Bitcoin will be recognized, i dont know what Japan has called bitcoin if a currencie or an asset, similiar to gold, but a digital one, anyway this will be followed by others countries on the next years for sure. The volatility of bitcoin has and still atracting a lot new investors that wanna to make and earn money doing trading, the most of them are just into bitcoin and doesnt care about altcoins at all.

GlassMaster

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Bitcoin has a good future, because many countries are considering its adoption. Other crypto-currencies are not so strong and have no great prospects.

hello_good_sir

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There are so many possibilities that it makes me really wonder about what is going to happen in next 10-20 years in cryptocurrency world, for example we may see some extremely strange events when quantuum computers will be sold comercially, because for now they are only in possesion of governments.

In my opinion, we are actually not going to use bitcoin in 2040. Take a look what happened since 2000 to nowadays- 2017. There were so many new inventions, technology, projects and great new companies that it is almost unbelievable how fast do we develop ourselves. Imagine what might happen through next 20 years!

Bitcoin core will be simply too old, the technology is already old-fashioned if we compare it to some other, new altcoins. We have problems with fee size and confirmation time, but changing to other crypto would make it fixed instantly, thanks to the system! that what makes me think that bitcoin is going to die in about 20 years from now.

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Quote from: rainingbitcoins on June 06, 2017, 11:57:29 PM

Quote from: radamiel on June 06, 2017, 11:28:17 PM

Quote from: stergium on June 06, 2017, 06:21:21 PM

Quote from: MetalGear on June 06, 2017, 09:36:53 AM

I believe bitcoin has a good future. In my vision bitcoin will be one of our country's money currency that one day bitcoin will be accepted as a money in change of the commercialized products that we have herein the Philippines. Because nowadays there are some stores that are accepting bitcoin as money.

in fact the step has already been taken by the japan and the other have to follow them. i am sure that very soon the number of then countries who have accepted bitcoin will increase from time to time. as japan has made the route clear for other countries and very soon the other countries will also take the step and will consider bitcoin as legal currency. i am hopeful that my country will also be one of these countries who will accept bitcoin.

I also believe in a bright future for bitcoin. If we all believe I believe it will be true, many countries are beginning to legalize bitcoin, maybe still japan and russia, a few more years may be much to legalize bitcoin

There is no doubt that the future of bitcoins is bright and promising as many countries have started to take notice of it and in future we can expect almost all countries will start using and accepting bitcoins as a mode of payment.

While countries will take bitcoin, then it will have prospects, and then when its course stabilizes, then it will probably go a significant decline.

rainingbitcoins

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Quote from: radamiel on June 06, 2017, 11:28:17 PM

Quote from: stergium on June 06, 2017, 06:21:21 PM

Quote from: MetalGear on June 06, 2017, 09:36:53 AM

I believe bitcoin has a good future. In my vision bitcoin will be one of our country's money currency that one day bitcoin will be accepted as a money in change of the commercialized products that we have herein the Philippines. Because nowadays there are some stores that are accepting bitcoin as money.

in fact the step has already been taken by the japan and the other have to follow them. i am sure that very soon the number of then countries who have accepted bitcoin will increase from time to time. as japan has made the route clear for other countries and very soon the other countries will also take the step and will consider bitcoin as legal currency. i am hopeful that my country will also be one of these countries who will accept bitcoin.

I also believe in a bright future for bitcoin. If we all believe I believe it will be true, many countries are beginning to legalize bitcoin, maybe still japan and russia, a few more years may be much to legalize bitcoin

There is no doubt that the future of bitcoins is bright and promising as many countries have started to take notice of it and in future we can expect almost all countries will start using and accepting bitcoins as a mode of payment.

radamiel

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Quote from: stergium on June 06, 2017, 06:21:21 PM

Quote from: MetalGear on June 06, 2017, 09:36:53 AM

I believe bitcoin has a good future. In my vision bitcoin will be one of our country's money currency that one day bitcoin will be accepted as a money in change of the commercialized products that we have herein the Philippines. Because nowadays there are some stores that are accepting bitcoin as money.

in fact the step has already been taken by the japan and the other have to follow them. i am sure that very soon the number of then countries who have accepted bitcoin will increase from time to time. as japan has made the route clear for other countries and very soon the other countries will also take the step and will consider bitcoin as legal currency. i am hopeful that my country will also be one of these countries who will accept bitcoin.

I also believe in a bright future for bitcoin. If we all believe I believe it will be true, many countries are beginning to legalize bitcoin, maybe still japan and russia, a few more years may be much to legalize bitcoin

stergium

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Quote from: MetalGear on June 06, 2017, 09:36:53 AM

I believe bitcoin has a good future. In my vision bitcoin will be one of our country's money currency that one day bitcoin will be accepted as a money in change of the commercialized products that we have herein the Philippines. Because nowadays there are some stores that are accepting bitcoin as money.

in fact the step has already been taken by the japan and the other have to follow them. i am sure that very soon the number of then countries who have accepted bitcoin will increase from time to time. as japan has made the route clear for other countries and very soon the other countries will also take the step and will consider bitcoin as legal currency. i am hopeful that my country will also be one of these countries who will accept bitcoin.

MetalGear

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I believe bitcoin has a good future. In my vision bitcoin will be one of our country's money currency that one day bitcoin will be accepted as a money in change of the commercialized products that we have herein the Philippines. Because nowadays there are some stores that are accepting bitcoin as money.

OliynyK

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Quote from: arcanayou on June 06, 2017, 12:27:23 AM

I know there is nothing lasting in this world, bitcoin too, people used to use gold as a medium of exchange, then replaced with paper money, then credit cards appear, all will be replaced in time. But I think bitcoin will last for another decades, just like gold is still valuable, I think bitcoin will still be valuable

As long as people use bitcoin and some serious flaw and exploit is found in the software i do not think it will be outdated just like that and after a long time we are seeing the golden period of bitcoin where the price is soaring at impossible valuation which i could not imagine a couple of years back.

Snorek

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Quote from: enigvad on June 02, 2017, 07:26:59 PM

I think many of us, have a huge problem with the volatility of the BTC.

Volatility is the name of the game of cryptocurrency. I have no idea that you knew back when dollar was still backed by gold it was extremely volatile too.
Only centrally controlled fiat can be steered to be less volatile.

Quote from: enigvad on June 02, 2017, 07:26:59 PM

And also the technology behind the BTC is outdated. There are huge amount of the other new generation cryptocurrencies that are more secure and adopted to special needs of different economic and consum needs. I have a big problem with BTC because of the high volatility. So i found Minexcoin, that according to the whitepaper might be more stable and less volatile.

BTC can be upgraded, and it will be scaled in August. Cryptocurrency is not only tech behind it - it is whole economic concept, the most important is initial distribution of tokens.
If any other coin would be so popular as BTC currently is, there will be problem with that coin too. For example recent ETH bottleneck problem.

jtipt

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Quote from: enigvad on June 02, 2017, 07:26:59 PM

I think many of us, have a huge problem with the volatility of the BTC. And also the technology behind the BTC is outdated. There are huge amount of the other new generation cryptocurrencies that are more secure and adopted to special needs of different economic

Well mainly the issue with bitcoin is its outdated technology as you said, well its not per say too old, but newer cryptos are better in the technological aspects. One of the biggest problems that restrict bitcoin is the block size, and we very well have debated about it a lot. Now for volatility, well it can be considered an issue but really I don't think its much of a big deal, bitcoin has always been volatile.

DevilSlayer

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Quote from: enigvad on June 02, 2017, 07:26:59 PM

I think many of us, have a huge problem with the volatility of the BTC. And also the technology behind the BTC is outdated. There are huge amount of the other new generation cryptocurrencies that are more secure and adopted to special needs of different economic and consum needs. I have a big problem with BTC because of the high volatility. So i found Minexcoin, that according to the whitepaper might be more stable and less volatile.

Yeah you're correct. The problem of the bitcoin is the votality and the outdated technology. So there is a chance that many token will rise and can stand like a bitcoin. There are many tokens and coins that have a good quality.

jjc326

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This will be an HOT summer, so i voted for high volatility of BTC. And we will see this especially on August, but high volatility will remain till the end of the year. After the storm, I guess BTC will be stronger!

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