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Topic: If bitcoin ever goes mainstream - page 8. (Read 29017 times)

sr. member
Activity: 308
Merit: 250
March 10, 2016, 12:49:19 PM
i'm not sure bitcoin wll get some good achievment this year,bitcoin goes mainstream several years ago,and more popular until this year,even bitcoin price still unpredict and really fluctuate,but bitcoin not lost it hollder and adopter,bitcoin still have so many "fans" .
lets hope on future bitcoin will compete paypal more and more,and take over 2% population who hold by paypal.
But all this don't mean that price must rise astronomically. If Bitcoin succeed to takeover Paypal business ,which i can imagine is possible, it still can fall to 100$ or less because it is value not service, and can be manipulated.
Someone will say this is death or end but, no this is free trade. Everything is possible.
legendary
Activity: 1050
Merit: 1001
March 09, 2016, 01:48:01 PM
sr. member
Activity: 308
Merit: 250
March 09, 2016, 11:55:53 AM
Bitcoin is perhaps still like a little child that learns and adapts to the world around them.If you look in this point of view It will take a considerable time to grow up and become a serious player.On the way there are many obstacles and traps, so it is difficult to predict whether BTC ever go to mainstraem.Like most people here I hope BTC going to succeed Smiley
But this can happen almost over night like Bitcoin already succeeded to become very popular investment for many people. I expect many astonishing news and adoptions, but this will bring and regulations and more control.
But after all this is great ride already!
legendary
Activity: 3234
Merit: 5637
Blackjack.fun-Free Raffle-Join&Win $50🎲
March 06, 2016, 11:44:20 AM
Bitcoin is perhaps still like a little child that learns and adapts to the world around them.If you look in this point of view It will take a considerable time to grow up and become a serious player.On the way there are many obstacles and traps, so it is difficult to predict whether BTC ever go to mainstraem.Like most people here I hope BTC going to succeed Smiley
sr. member
Activity: 336
Merit: 250
Bravity is beautiful.
March 06, 2016, 11:33:27 AM
I think it would be more reasonable to say it would be a gradual process if bitcoin goes mainstream and it won't ruin people opportunity to get in bitcoin since there would be time to use it, I doubt bitcoin will go that much mainstream for the current time.

That will be a very slow process. I first heard about bitcoin in 2013. It was not main stream. it is not main stream yet. We have to do a lot of work.

Yeah a lot of work. I honestly feel some kind of marketing team should set up to spread the world.
Right now it's just hoping that consumers and merchants will accept bitcoin.
sr. member
Activity: 252
Merit: 250
March 06, 2016, 11:28:15 AM
I think it would be more reasonable to say it would be a gradual process if bitcoin goes mainstream and it won't ruin people opportunity to get in bitcoin since there would be time to use it, I doubt bitcoin will go that much mainstream for the current time.

That will be a very slow process. I first heard about bitcoin in 2013. It was not main stream. it is not main stream yet. We have to do a lot of work.
full member
Activity: 491
Merit: 105
March 04, 2016, 04:59:14 AM
I think it would be more reasonable to say it would be a gradual process if bitcoin goes mainstream and it won't ruin people opportunity to get in bitcoin since there would be time to use it, I doubt bitcoin will go that much mainstream for the current time.
legendary
Activity: 1134
Merit: 1010
BTC to the moon is inevitable...
March 03, 2016, 10:06:46 AM
.........
True Banks are definitely not easy to get rid of, especially because we live on a debt based system.
The central bank has control over the country and loan money to the government.

But the they are very clever, I think if everyone knew how the financial system really works the people would riot/revolution.
That's why Bitcoin is a good step in the right direction.

lets not forget that the government is never going to give up their control over money.
they are currently in control of paper money from printing it to monitoring all the transactions and taking taxes, so they don't want to give up this position of theirs.
sr. member
Activity: 434
Merit: 511
March 03, 2016, 10:02:03 AM
The more the merrier.

For me bitcoin doesn't have to succeed, it already did. The people made bitcoin and the banks got scared big time.

Now it is for them introducing a new scheme Wink

I do not think banks should be scared of bitcoin. This is new business opportunity for them. They can continue banking with bitccoin besides fiat.
nah quite agree,as far as i know bitcoiners need bank account when they'd exchanging their bitcoin to dollars and saving it in their bank account so there's no way bitcoin could make bank scared

This is not the case if you make money and get paid directly in Bitcoin. You can get a business started and accept Bitcoin directly, accept the Bitcoin in your address and not through a layer like Bitpay.. this way no bank will ever know you are working and making money in Bitcoin form. If everyone did this there would be no banks anymore.

In our country, you need banks and other financial institutions to be the gateway in every btc->local currency and vice versa so the banks earn as well.

I think that Even if Bitcoin goes Mainstream Bank will exist because they will also start to accept Bitcoin Technology and they will start their work with Bitcoin in all section just like what they were doing with fiat currency. But for that first the whole world should accept the Bitcoin.

banks are not going to be easy to get rid of. they are a part of everybody's financial life and besides they are not without benefits. like all the profit they give on our deposits, the loans,... and in the future i don't see this change.

True Banks are definitely not easy to get rid of, especially because we live on a debt based system.
The central bank has control over the country and loan money to the government.

But the they are very clever, I think if everyone knew how the financial system really works the people would riot/revolution.
That's why Bitcoin is a good step in the right direction.
full member
Activity: 1218
Merit: 116
March 03, 2016, 08:29:37 AM
The more the merrier.

For me bitcoin doesn't have to succeed, it already did. The people made bitcoin and the banks got scared big time.

Now it is for them introducing a new scheme Wink

I do not think banks should be scared of bitcoin. This is new business opportunity for them. They can continue banking with bitccoin besides fiat.
nah quite agree,as far as i know bitcoiners need bank account when they'd exchanging their bitcoin to dollars and saving it in their bank account so there's no way bitcoin could make bank scared

This is not the case if you make money and get paid directly in Bitcoin. You can get a business started and accept Bitcoin directly, accept the Bitcoin in your address and not through a layer like Bitpay.. this way no bank will ever know you are working and making money in Bitcoin form. If everyone did this there would be no banks anymore.

In our country, you need banks and other financial institutions to be the gateway in every btc->local currency and vice versa so the banks earn as well.

I think that Even if Bitcoin goes Mainstream Bank will exist because they will also start to accept Bitcoin Technology and they will start their work with Bitcoin in all section just like what they were doing with fiat currency. But for that first the whole world should accept the Bitcoin.

banks are not going to be easy to get rid of. they are a part of everybody's financial life and besides they are not without benefits. like all the profit they give on our deposits, the loans,... and in the future i don't see this change.

yes, banks will never disappear as they holds the support from the people and people have more faith in banks, So I think even if bitcoin gets on mainstream, banks will also show their presence.

Bank don't hold support banks have a monopoly that's why they are in control. Ask any stranger out there for an alternative they will tell you the truth.
When BTC is mainstream you will see people will leave banks.

That day will never come when people will leave banks and depend only on bitcoins, even if bitcoin gets on mainstream there would be many people who continue to use banks.
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
March 03, 2016, 08:27:35 AM
if bitcoin become something common, I think the price will also decrease, because if bitcoin already in the know the people, it will spread very much bitcoin and very easy to get so the price will come in lower  Sad
Lol read this man
big demand = price increase
so if a lot of people who use bitcoin, certainly demand of bitcoin. of the market will increase. so automatically bitcoin prices will rise.


That is your speculation, not a fact. Just because you think something is obvious, it doesn't mean everyone has to agree
hero member
Activity: 532
Merit: 500
March 03, 2016, 08:20:24 AM
if bitcoin become something common, I think the price will also decrease, because if bitcoin already in the know the people, it will spread very much bitcoin and very easy to get so the price will come in lower  Sad
Lol read this man
big demand = price increase
so if a lot of people who use bitcoin, certainly demand of bitcoin. of the market will increase. so automatically bitcoin prices will rise.

sr. member
Activity: 322
Merit: 250
March 03, 2016, 07:54:59 AM
The more the merrier.

For me bitcoin doesn't have to succeed, it already did. The people made bitcoin and the banks got scared big time.

Now it is for them introducing a new scheme Wink

I do not think banks should be scared of bitcoin. This is new business opportunity for them. They can continue banking with bitccoin besides fiat.
nah quite agree,as far as i know bitcoiners need bank account when they'd exchanging their bitcoin to dollars and saving it in their bank account so there's no way bitcoin could make bank scared

This is not the case if you make money and get paid directly in Bitcoin. You can get a business started and accept Bitcoin directly, accept the Bitcoin in your address and not through a layer like Bitpay.. this way no bank will ever know you are working and making money in Bitcoin form. If everyone did this there would be no banks anymore.

In our country, you need banks and other financial institutions to be the gateway in every btc->local currency and vice versa so the banks earn as well.

I think that Even if Bitcoin goes Mainstream Bank will exist because they will also start to accept Bitcoin Technology and they will start their work with Bitcoin in all section just like what they were doing with fiat currency. But for that first the whole world should accept the Bitcoin.

banks are not going to be easy to get rid of. they are a part of everybody's financial life and besides they are not without benefits. like all the profit they give on our deposits, the loans,... and in the future i don't see this change.

yes, banks will never disappear as they holds the support from the people and people have more faith in banks, So I think even if bitcoin gets on mainstream, banks will also show their presence.

Bank don't hold support banks have a monopoly that's why they are in control. Ask any stranger out there for an alternative they will tell you the truth.
When BTC is mainstream you will see people will leave banks.
full member
Activity: 182
Merit: 100
March 03, 2016, 06:52:49 AM
The more the merrier.

For me bitcoin doesn't have to succeed, it already did. The people made bitcoin and the banks got scared big time.

Now it is for them introducing a new scheme Wink

I do not think banks should be scared of bitcoin. This is new business opportunity for them. They can continue banking with bitccoin besides fiat.
nah quite agree,as far as i know bitcoiners need bank account when they'd exchanging their bitcoin to dollars and saving it in their bank account so there's no way bitcoin could make bank scared

This is not the case if you make money and get paid directly in Bitcoin. You can get a business started and accept Bitcoin directly, accept the Bitcoin in your address and not through a layer like Bitpay.. this way no bank will ever know you are working and making money in Bitcoin form. If everyone did this there would be no banks anymore.

In our country, you need banks and other financial institutions to be the gateway in every btc->local currency and vice versa so the banks earn as well.

I think that Even if Bitcoin goes Mainstream Bank will exist because they will also start to accept Bitcoin Technology and they will start their work with Bitcoin in all section just like what they were doing with fiat currency. But for that first the whole world should accept the Bitcoin.

banks are not going to be easy to get rid of. they are a part of everybody's financial life and besides they are not without benefits. like all the profit they give on our deposits, the loans,... and in the future i don't see this change.

yes, banks will never disappear as they holds the support from the people and people have more faith in banks, So I think even if bitcoin gets on mainstream, banks will also show their presence.
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
March 03, 2016, 06:47:33 AM
The more the merrier.

For me bitcoin doesn't have to succeed, it already did. The people made bitcoin and the banks got scared big time.

Now it is for them introducing a new scheme Wink

I do not think banks should be scared of bitcoin. This is new business opportunity for them. They can continue banking with bitccoin besides fiat.
nah quite agree,as far as i know bitcoiners need bank account when they'd exchanging their bitcoin to dollars and saving it in their bank account so there's no way bitcoin could make bank scared

This is not the case if you make money and get paid directly in Bitcoin. You can get a business started and accept Bitcoin directly, accept the Bitcoin in your address and not through a layer like Bitpay.. this way no bank will ever know you are working and making money in Bitcoin form. If everyone did this there would be no banks anymore.

In our country, you need banks and other financial institutions to be the gateway in every btc->local currency and vice versa so the banks earn as well.

I think that Even if Bitcoin goes Mainstream Bank will exist because they will also start to accept Bitcoin Technology and they will start their work with Bitcoin in all section just like what they were doing with fiat currency. But for that first the whole world should accept the Bitcoin.

banks are not going to be easy to get rid of. they are a part of everybody's financial life and besides they are not without benefits. like all the profit they give on our deposits, the loans,... and in the future i don't see this change.
sr. member
Activity: 308
Merit: 250
March 03, 2016, 05:30:33 AM
Don't get me wrong here, Bitcoin has been around for a fair few years and still going to be around for many more years but with the ever growing demands for it to keep running its going to need some serious mining power. Are people going to still be mining when we get block reward half in next few months. No doubt am sure a lot of people will be switching off units or mining other coins. Bitcoin need to get some future proof fail safe introduced so that it can sustain itself and does not need much power to keep fast transactions.

Over last few months seen massive delays in some payments I sent out and already looking at other coins going strong and am sure their is going to be at this rate a coin that is going to knock bitcoin out of the race or give it a good run for its money. Bitcoin to go mainstream  hmm never gonna happen unless things are done to make it mainstream and easily adopted by the public without risk and also have much needed security. Theirs a lot now, but more needs to be done making much more user friendly to be adopted by the public to go mainstream like fiat money.
Where do you see solution?
If people shot down their miner gear because it is not profitable, we could face problems.

Maybe new "asic chip" can solve this problem.
http://www.coindesk.com/bitfury-completion-16nm-bitcoin-mining-asic/
But this is constant race with time.
hero member
Activity: 1260
Merit: 524
March 03, 2016, 12:45:11 AM
The more the merrier.

For me bitcoin doesn't have to succeed, it already did. The people made bitcoin and the banks got scared big time.

Now it is for them introducing a new scheme Wink

I do not think banks should be scared of bitcoin. This is new business opportunity for them. They can continue banking with bitccoin besides fiat.
nah quite agree,as far as i know bitcoiners need bank account when they'd exchanging their bitcoin to dollars and saving it in their bank account so there's no way bitcoin could make bank scared

This is not the case if you make money and get paid directly in Bitcoin. You can get a business started and accept Bitcoin directly, accept the Bitcoin in your address and not through a layer like Bitpay.. this way no bank will ever know you are working and making money in Bitcoin form. If everyone did this there would be no banks anymore.

In our country, you need banks and other financial institutions to be the gateway in every btc->local currency and vice versa so the banks earn as well.

I think that Even if Bitcoin goes Mainstream Bank will exist because they will also start to accept Bitcoin Technology and they will start their work with Bitcoin in all section just like what they were doing with fiat currency. But for that first the whole world should accept the Bitcoin.
legendary
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
March 03, 2016, 12:38:58 AM
The more the merrier.

For me bitcoin doesn't have to succeed, it already did. The people made bitcoin and the banks got scared big time.

Now it is for them introducing a new scheme Wink

I do not think banks should be scared of bitcoin. This is new business opportunity for them. They can continue banking with bitccoin besides fiat.

of course the banks will be wary of bitcoin. because bitcoin is potential to unseat fiat. so appropriate when the bank became fearful.

Bitcoin will never be able to 'unseat' fiat. Fiat is fiat and btc is btc, one complements the weaknesses of each other. Besides, no nation would use a non-central bank regulated currency for their country.
hero member
Activity: 1302
Merit: 503
Leading Crypto Sports Betting & Casino Platform
March 02, 2016, 10:59:57 PM
It's very hard to say the future .
but i guess bitcoin will be not worse than centralized fiat system  Roll Eyes

that's right, even someone can predict the future, it will not be 100%.

I think there's still possibility of bitcoin to go mainstream
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
March 02, 2016, 09:08:24 PM
http://www.theguardian.com/business/2016/mar/02/global-super-rich-luxury-goods-yachts-wealth-report-knight-frank

Quote
The number of ultra rich – people with $30m (£22m) or more in assets – fell 3% last year. There are now 187,500 with assets in excess of that benchmark, down from from 193,100 in 2014. This was the first decline since the financial crisis. Between them, they controlled $19.3tn in assets, down from $22tn the year before.

The number of dollar millionaires around the globe also fell from 13.6 million in 2014 to 13.3 million last year. Together, they hold assets worth $66tn – more than the value of all global shares added together.

The vast majority of the planet's wealth is concentrated in the hands of roughly 13 million people.

Wealth and monetary goods are not determined by the "mainstream".
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