Is bitcoin is the new era of currency? - page 109.

rickadone

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Quote from: megynacuna on March 20, 2017, 03:33:57 PM

Quote from: Prettygirl01315 on September 26, 2016, 07:58:21 AM

Since bitcoin is trending now world wide because you can easily earn this and it exchange in real cash. Is bitcoin the new value of currency in the internet? Is he the new money? Can we use it in buying foods and etc in the future?

It is and has always been for the past decade. Bitcoin has redefined money and how we can use digital money to our advantage and the freedom, anonymity and comfort it offers is nothing the current financial system can compete so for me it's evident that Bitcoin is the new era of currency.

The future outlook for the bitcoin is promising, the of bitcoin being used as a medium of value exchange rather than a financial instrument for long term investment, the bitcoin was first created for the purpose of value exchange but people started using it for purchases so the amount exchanged decreased, low liquidity on exchange are leading to increased demand which will lead to an increased value.

Yanisumin

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Quote from: Prettygirl01315 on September 26, 2016, 07:58:21 AM

Since bitcoin is trending now world wide because you can easily earn this and it exchange in real cash. Is bitcoin the new value of currency in the internet? Is he the new money? Can we use it in buying foods and etc in the future?

Yup Bitcoin is trending nowadays but to earn it easily is another thing. Bitcoin is what they call gold of the internet. If gold is hard to earn in the Earth's soil then Bitcoin is hard to earn in the spectrum waves.
If we're talking about the new value of currency in the internet, there are several cryptocurrencies except Bitcoin and Bitcoin is the most popular of them but I can't tell it the new value of currency so soon we've got a long way to go.
We are dreaming about the new money and Bitcoin is a candidate for that. It is still not legally accepted as a form of exchange I think it's too early to say that BTC is the new money.
If we're talking about if we can use it to buy foods and etc. Definitely yes, there are stores and banks that accepts Bitcoin I can name a few if you let me. But the point is, it is being used in some services and it can be use as an exchange to buy things. Don't worry Bitcoin are being used in that kind of things. ( May vary in country and location )

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Quote from: numismatist on March 21, 2017, 05:39:21 PM

Quote from: batang_bitcoin on March 21, 2017, 05:31:27 PM

Quote from: deisik on March 21, 2017, 01:52:55 PM

Quote from: batang_bitcoin on March 20, 2017, 04:00:06 PM

But as of now there's a battle happening between BU and core bitcoin (real one) which is making the whole crypto's depending on it's market. If BU will win on this duel then core bitcoin is going to be dead a little by little

This battle is a fake one

It is just one sort of FUD employed to shake bitcoins out of weak hands. They are never going to release their project to real life since that would would mean a miserable end of it and fast at that. They will continue to spread their FUD like before, but obviously, it won't work any more. People have got used to real threats and dangers like the PBoC effectively banning Bitcoin from wide circulation (while not making it outright illegal, though). Bitcoin went down to 750 dollars per coin back then, this time it rebounded from 950 dollars. This basically tells it all

Yeah and I guess this is now done as the price of bitcoin is increasing again. People nowadays loves to spread fud and wants to argue and defeat the original bitcoin which gave them good profit. I had read somewhere here that PBoC is changing their decision now and they are going to allow bitcoin withdrawals but not with deposit, I don't think if this is real or not.

Just on the bold part: Most nodes / sites / people focused on Bitcoin are located outside of the PBoC's reach. And even inside their realm there are possibilities. So PBoC influence has been overated.

They are able to monitor basically anything with their ties to the Chinese government.

For example, they could easily restrict access to one of the biggest payment processors in China, Alipay or WeChat pay to gain control over P2P anonymous transactions conducted by bitcoin traders.

Right now people are moving away from centralised exchanges, and onto P2P marketplaces such as localbitcoins.

It would be interesting to see how things pan out from here...

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Quote from: numismatist on March 21, 2017, 05:39:21 PM

Quote from: batang_bitcoin on March 21, 2017, 05:31:27 PM

Quote from: deisik on March 21, 2017, 01:52:55 PM

Quote from: batang_bitcoin on March 20, 2017, 04:00:06 PM

But as of now there's a battle happening between BU and core bitcoin (real one) which is making the whole crypto's depending on it's market. If BU will win on this duel then core bitcoin is going to be dead a little by little

This battle is a fake one

It is just one sort of FUD employed to shake bitcoins out of weak hands. They are never going to release their project to real life since that would would mean a miserable end of it and fast at that. They will continue to spread their FUD like before, but obviously, it won't work any more. People have got used to real threats and dangers like the PBoC effectively banning Bitcoin from wide circulation (while not making it outright illegal, though). Bitcoin went down to 750 dollars per coin back then, this time it rebounded from 950 dollars. This basically tells it all

Yeah and I guess this is now done as the price of bitcoin is increasing again. People nowadays loves to spread fud and wants to argue and defeat the original bitcoin which gave them good profit. I had read somewhere here that PBoC is changing their decision now and they are going to allow bitcoin withdrawals but not with deposit, I don't think if this is real or not.

Just on the bold part: Most nodes / sites / people focused on Bitcoin are located outside of the PBoC's reach. And even inside their realm there are possibilities. So PBoC influence has been overated

I don't really think that the PBoC influence has been overrated

I'd rather say that the influence of the Chinese exchanges with their fake volumes (somehow I'm not surprised at all since China has always been prone to window dressing) had been greatly overestimated. And it seems to be not just us but also the Chinese central bank itself that fell victim to this dog and pony show. So no surprise that the PBoC might be sidestepping in their crusade against the exchanges or even backpedaling the issue somewhat. On the other hand, I'm inclined to think that these exchanges will just move entirely into cyberspace, i.e. without physical presence like what Bitfinex seems to have done recently

mornabo

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Quote from: RedX on March 20, 2017, 07:28:42 PM

Yes it could be. It has the potential but I think it has a long way to go because I know it will face many technical issues before that happens. The timing of bitcoin is perfect for our modern generation and the best criteria for making it the new era of currency.

although the future of bitcoin bright future, but it does not make bitcoin chance the new currency in the world becomes easy it will remain difficult for the government would have banned the bitcoin

numismatist

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Quote from: batang_bitcoin on March 21, 2017, 05:31:27 PM

Quote from: deisik on March 21, 2017, 01:52:55 PM

Quote from: batang_bitcoin on March 20, 2017, 04:00:06 PM

But as of now there's a battle happening between BU and core bitcoin (real one) which is making the whole crypto's depending on it's market. If BU will win on this duel then core bitcoin is going to be dead a little by little

This battle is a fake one

It is just one sort of FUD employed to shake bitcoins out of weak hands. They are never going to release their project to real life since that would would mean a miserable end of it and fast at that. They will continue to spread their FUD like before, but obviously, it won't work any more. People have got used to real threats and dangers like the PBoC effectively banning Bitcoin from wide circulation (while not making it outright illegal, though). Bitcoin went down to 750 dollars per coin back then, this time it rebounded from 950 dollars. This basically tells it all

Yeah and I guess this is now done as the price of bitcoin is increasing again. People nowadays loves to spread fud and wants to argue and defeat the original bitcoin which gave them good profit. I had read somewhere here that PBoC is changing their decision now and they are going to allow bitcoin withdrawals but not with deposit, I don't think if this is real or not.

Just on the bold part: Most nodes / sites / people focused on Bitcoin are located outside of the PBoC's reach. And even inside their realm there are possibilities. So PBoC influence has been overated.

batang_bitcoin

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Quote from: deisik on March 21, 2017, 01:52:55 PM

Quote from: batang_bitcoin on March 20, 2017, 04:00:06 PM

Quote from: n0ne on March 20, 2017, 06:04:24 AM

Bitcoin is truly making a difference in the usage accessibility of currency. This has made bitcoin get added to the list of currency that exist and in usage around the globe. Business people fear about the fluctuations but soon we can expect positive impacts felt on usage as currency.

But as of now there's a battle happening between BU and core bitcoin (real one) which is making the whole crypto's depending on it's market. If BU will win on this duel then core bitcoin is going to be dead a little by little

This battle is a fake one

It is just one sort of FUD employed to shake bitcoins out of weak hands. They are never going to release their project to real life since that would would mean a miserable end of it and fast at that. They will continue to spread their FUD like before, but obviously, it won't work any more. People have got used to real threats and dangers like the PBoC effectively banning Bitcoin from wide circulation (while not making it outright illegal, though). Bitcoin went down to 750 dollars per coin back then, this time it rebounded from 950 dollars. This basically tells it all

Yeah and I guess this is now done as the price of bitcoin is increasing again. People nowadays loves to spread fud and wants to argue and defeat the original bitcoin which gave them good profit. I had read somewhere here that PBoC is changing their decision now and they are going to allow bitcoin withdrawals but not with deposit, I don't think if this is real or not.

Technicality

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Quote from: avikz on March 21, 2017, 02:08:54 PM

Bitcoin is the new era of internet currency. It is indeed easy to exchange for fiat currency and also many online merchants have started accepting bitcoin. Companies are installing bitcoin ATMs. Even though it is still in a limbo of being a currency of real world, the growth story still continues.

However, bitcoin is not easy to earn. A decent amount of bitcoin can’t be earned through signature campaign which many people consider a good source of money. To earn a decent amount of bitcoin, you need to trade in the exchanges. This is not an easy task and requires a lot of attention. It also involves a certain amount of risk.

Exactly, it's the new era of Internet currency but that doesn't mean currency altogether.

I think there will always be an appeal to physical money due to its obvious convenience and the separation from banks. Bitcoin will be a huge player in future money, but only online. Although to be honest, I do think that government regulated money isn't completely dead and will continue to function well enough irrespective of Bitcoin's performance. I don't believe all of the people who claim that Bitcoin is going to entirely take over currency, especially when it's not scalable even with the best available solutions.

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Quote from: thunderbitz2717 on March 21, 2017, 02:32:47 AM

Quote from: bitbunnny on September 26, 2016, 08:48:01 AM

I don't agree that earning Bitcoins is easy. Unles yo country few satoshies from faucets. You need lot of time, effort and knowledge to earn decent amount of Bitcoins. Bitcoin is already accepted like money by it's users although isn't formaly regulated like this. At least not in many coutries. Hope that in the future will be fuly accepted like money in the whole world.

Yes, I agreed on you. getting profit in this industry especially bitcoin wasn't easy to gain it. It needs an effort, hardwork, and strong determination. Though, explaining bitcoin to others was not that easy to make it simple. And still in some other country bitcoin was not popular yet.

If we have skills, ad knowledge on where is the platform that offers Bitcoin for different task then I can say, earning Bitcoin is easy since we have the skills that qualifies for the job and there is a platform mediating for employees and employer. All we need to do is to apply and give an effort on searching for the possible job that fitted us.

cryp24x

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Quote from: Blackdeath on March 21, 2017, 12:27:16 AM

Quote from: Prettygirl01315 on September 26, 2016, 07:58:21 AM

Since bitcoin is trending now world wide because you can easily earn this and it exchange in real cash. Is bitcoin the new value of currency in the internet? Is he the new money? Can we use it in buying foods and etc in the future?

I think bitcoin can be the new currency in the near future because we all know that bitcoin in now popular. We can use bitcoin in online transaction and for paying services. As long as it has a value, bitcoin will become a new money. I think it can also be used in buying foods because in some store in other country that legalize the bitcoin is accepting it as a payment.

I think Bitcoin opens the new era for currency. Once currency are centralized and controlled by financial institution, and bitcoin being the first mover to decentralized blockchain, it opens the era for decentralization and digital currency. So with they, I can say yes Bitcoin is the first of the new era of currency.

avikz

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Bitcoin is the new era of internet currency. It is indeed easy to exchange for fiat currency and also many online merchants have started accepting bitcoin. Companies are installing bitcoin ATMs. Even though it is still in a limbo of being a currency of real world, the growth story still continues.

However, bitcoin is not easy to earn. A decent amount of bitcoin can’t be earned through signature campaign which many people consider a good source of money. To earn a decent amount of bitcoin, you need to trade in the exchanges. This is not an easy task and requires a lot of attention. It also involves a certain amount of risk.

deisik

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Quote from: batang_bitcoin on March 20, 2017, 04:00:06 PM

Quote from: n0ne on March 20, 2017, 06:04:24 AM

Bitcoin is truly making a difference in the usage accessibility of currency. This has made bitcoin get added to the list of currency that exist and in usage around the globe. Business people fear about the fluctuations but soon we can expect positive impacts felt on usage as currency.

But as of now there's a battle happening between BU and core bitcoin (real one) which is making the whole crypto's depending on it's market. If BU will win on this duel then core bitcoin is going to be dead a little by little

This battle is a fake one

It is just one sort of FUD employed to shake bitcoins out of weak hands. They are never going to release their project to real life since that would would mean a miserable end of it and fast at that. They will continue to spread their FUD like before, but obviously, it won't work any more. People have got used to real threats and dangers like the PBoC effectively banning Bitcoin from wide circulation (while not making it outright illegal, though). Bitcoin went down to 750 dollars per coin back then, this time it rebounded from 950 dollars. This basically tells it all

SoulBargain

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Quote from: thunderbitz2717 on March 21, 2017, 02:32:47 AM

Quote from: bitbunnny on September 26, 2016, 08:48:01 AM

I don't agree that earning Bitcoins is easy. Unles yo country few satoshies from faucets. You need lot of time, effort and knowledge to earn decent amount of Bitcoins. Bitcoin is already accepted like money by it's users although isn't formaly regulated like this. At least not in many coutries. Hope that in the future will be fuly accepted like money in the whole world.

Yes, I agreed on you. getting profit in this industry especially bitcoin wasn't easy to gain it. It needs an effort, hardwork, and strong determination. Though, explaining bitcoin to others was not that easy to make it simple. And still in some other country bitcoin was not popular yet.

Bitcoin is easy or as I thought it should be. There is no such thing as earning Bitcoin free because you need to invest your time and effort if not money. But there is no doubt that the influence of Bitcoin is spreading and it has a great potential so let's see what of Bitcoin will be in the future.

thunderbitz2717

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Quote from: bitbunnny on September 26, 2016, 08:48:01 AM

I don't agree that earning Bitcoins is easy. Unles yo country few satoshies from faucets. You need lot of time, effort and knowledge to earn decent amount of Bitcoins. Bitcoin is already accepted like money by it's users although isn't formaly regulated like this. At least not in many coutries. Hope that in the future will be fuly accepted like money in the whole world.

Yes, I agreed on you. getting profit in this industry especially bitcoin wasn't easy to gain it. It needs an effort, hardwork, and strong determination. Though, explaining bitcoin to others was not that easy to make it simple. And still in some other country bitcoin was not popular yet.

Blackdeath

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★Bitvest.io★ Play Plinko or Invest!

Quote from: Prettygirl01315 on September 26, 2016, 07:58:21 AM

Since bitcoin is trending now world wide because you can easily earn this and it exchange in real cash. Is bitcoin the new value of currency in the internet? Is he the new money? Can we use it in buying foods and etc in the future?

I think bitcoin can be the new currency in the near future because we all know that bitcoin in now popular. We can use bitcoin in online transaction and for paying services. As long as it has a value, bitcoin will become a new money. I think it can also be used in buying foods because in some store in other country that legalize the bitcoin is accepting it as a payment.

batang_bitcoin

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Quote from: szpalata on March 20, 2017, 05:10:29 PM

Quote from: batang_bitcoin on March 20, 2017, 04:00:06 PM

Quote from: n0ne on March 20, 2017, 06:04:24 AM

Bitcoin is truly making a difference in the usage accessibility of currency. This has made bitcoin get added to the list of currency that exist and in usage around the globe. Business people fear about the fluctuations but soon we can expect positive impacts felt on usage as currency.

But as of now there's a battle happening between BU and core bitcoin (real one) which is making the whole crypto's depending on it's market. If BU will win on this duel then core bitcoin is going to be dead a little by little.

No way, the devil you know is better than the Angel you don't know, the whole BU is just a counterfeit and for it to be established needs a lot of trust from the crypto world which I doubt they'd get because Bitcoin has proven time and time again to be strong and natural but will BU stand the test of time. I'd rather trust the core Devs than some new wannabes.

Yeah it's a counterfeit and they just wanted to do something new which is a very crazy thing. Only those whales behind it are the ones who are going to trust that coin. I do doubt it too we know that it's going to be had a bad impact to the bitcoin core community for now. But sooner or later everything is going to come back with the real ones.

Kasabus

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Quote from: RedX on March 20, 2017, 07:28:42 PM

Yes it could be. It has the potential but I think it has a long way to go because I know it will face many technical issues before that happens. The timing of bitcoin is perfect for our modern generation and the best criteria for making it the new era of currency.

If there will be no more manipulation by our government bitcoin's progress will be continues, the thing is they want to maintain their standing in this world and it is their interest to control everything. Bitcoin was created being decentralized by nature, that is anti government if you would ask me and I don't think this will prosper with a big hindrance coming from the government laws and regulations.

RedX

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Yes it could be. It has the potential but I think it has a long way to go because I know it will face many technical issues before that happens. The timing of bitcoin is perfect for our modern generation and the best criteria for making it the new era of currency.

poplolnman

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Quote from: traderethereum on March 20, 2017, 08:44:40 AM

Quote from: Ron~Popeil on March 20, 2017, 08:20:34 AM

Quote from: n0ne on March 20, 2017, 06:04:24 AM

Bitcoin is truly making a difference in the usage accessibility of currency. This has made bitcoin get added to the list of currency that exist and in usage around the globe. Business people fear about the fluctuations but soon we can expect positive impacts felt on usage as currency.

Indeed bitcoin is making progress day by day as you have mentioned only thing most of us worry is the small fluctuation which happens once in a while and big panic created by some people who literally force most of newbie to sell their bitcoin without realizing that the drop in the value is just temporary.

bitcoin todays is growing in every where and we can see that many people is interesting with bitcoin. i am sure that they know about bitcoin from many program investment around them so they are attracted to bitcoin world. because from what i read in many news, the investment programs using bitcoin for the transactions and this is why people which join into the programs know about bitcoin.

bitcoin itself has a perfect concept about how money would work in the future . but as time goes by , nowadays bitcoin become more popular as an investment option rather than an online payment processor option. a little bit unfortunate actually , but help a lot. we just need to remind everyone that the real purpose of bitcoin invention are for making a better way to do a transaction anytime anywhere.

Yanisumin

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The good news is that Bitcoin is already being used in Asian countries, USA, some part of the world, you can pay services by using Bitcoin ( utilities and power, TV channels, braodbands ). I don't know how long would it take to make Bitcoin a legal form of money but to pay these services using Bitcoin is a very good starting point.
The bad news is that there are people against it ( banks, banker, government, billionaires ) because it can ruin their businesses and it can become a great threat for them because they will lost grasp on people's pockets. The government is against it too because of lack of control and the freedom it gives to people.
Only the future will tell, this is just the first chapter of Bitcoin and there are more pages to be open.

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