Is Bitcoin Really The Future Of Money? - page 105.

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Quote from: TheUltraElite on January 06, 2017, 06:07:31 AM

Quote from: millgates on January 06, 2017, 02:23:56 AM

I am not sure but USA, Japan and Russia were already accept bitcoin, so bitcoin have a big chance to be the future of money. Probably gold could be the biggest compettitor for bitcoin to be futute of money.

Gold is too precious to be used as a currency and hence probably it has zero competition to bitcoin. Only possible currencies competitive to bitcoin are altcoins like etherum.

Again USA, Japan, Russia is not the entire world, to become a future money, bitcoin needs to become popular in every country of the world. It is gradually going into that condition in a slow and steady rate and the prices are increasing. So yes bitcoin is the future money.

Well, I think that Gold will just have that kind of value, it's really different from bitcoin. It's another investment that you could add. Both are very different things, it will just depend on what you're going to believe in.

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Quote from: millgates on January 06, 2017, 02:23:56 AM

I am not sure but USA, Japan and Russia were already accept bitcoin, so bitcoin have a big chance to be the future of money. Probably gold could be the biggest compettitor for bitcoin to be futute of money.

Gold is too precious to be used as a currency and hence probably it has zero competition to bitcoin. Only possible currencies competitive to bitcoin are altcoins like etherum.

Again USA, Japan, Russia is not the entire world, to become a future money, bitcoin needs to become popular in every country of the world. It is gradually going into that condition in a slow and steady rate and the prices are increasing. So yes bitcoin is the future money.

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Quote from: millgates on January 06, 2017, 02:23:56 AM

I am not sure but USA, Japan and Russia were already accept bitcoin, so bitcoin have a big chance to be the future of money. Probably gold could be the biggest compettitor for bitcoin to be futute of money.

Because they are the most advance technology countries and all of them is adopting technology in their daily life! so it is not surprise but i dont think really that there are a lot of stores that accepts bitcoin as payment well there are stores really accepts it but it cant seem everywhere. It is possible that gold is one of the biggest competitor for bitcoin if ever bitcoin is used by everyone but they are not link to each other because gold is in real and bitcoin is for online well it can be exchange to own fiat but it is very opposite

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Quote from: (altair) on January 06, 2017, 02:34:02 AM

Crypto currency whatever it is, is here to stay because of the internet.
It will be here forever because a lot of people is in the internet and continues to grow due to technology advances too.

well said and also I would like to add up that as technology upgrades happen,a new and better trading practices will emerge as proven by bitcoin which was voted as the hottest and best FOREX for 2016.

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Crypto currency whatever it is, is here to stay because of the internet.
It will be here forever because a lot of people is in the internet and continues to grow due to technology advances too.

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I am not sure but USA, Japan and Russia were already accept bitcoin, so bitcoin have a big chance to be the future of money. Probably gold could be the biggest compettitor for bitcoin to be futute of money.

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Quote from: GMPoison on January 05, 2017, 02:04:02 PM

Quote from: Kettler on January 05, 2017, 02:01:15 PM

Quote from: Wandering Soul~ on January 05, 2017, 12:05:18 PM

Quote from: dhampir-D on January 05, 2017, 11:18:45 AM

Quote from: Dudeperfect on January 05, 2017, 11:12:53 AM

Quote from: danherbias07 on January 05, 2017, 10:24:56 AM

We know many have been using it now so it says it all. But still that is not enough to say that it is the future. Many just come and go and bitcoin have been proving good when it comes to being money itself.

Because Bitcoin, being a pioneer in crypto technology has some unique feature which is not available in fiat system and hence the popularity is increasing day by day. I have no doubt that in next ten years we would have a growth rate of 100% or more regarding worldwide users and people would prefer bitcoin over PayPal or Visa.

I think Bitcoin will reach that level of success, but it may take longer than people think. With regard to the growth rate, I think that this year we may already see a significant increase, given that high profile investors are entering the scene.

Yes I also think that it will take longer than expected cause realistically speaking, It is quite a dream to think that a whole decade will be full of imroving stuffs or positive ones . Of course negative stuffs or what we called problems will show up that will hinders its growing period or will make it longer . We should be ready for this cause bitcoin is dependent to its users .

That is right. The price of bitcoin is too volatile. It cannot be a good currency.

Volatile based on trading with fiat. If there were no fiat, bitcoin wouldn't be volatile. Maybe one day Grin

But since we are living in a society (which is dominated by fiat) we have to compare it with fiat when it comes to use of bitcoin (or any crypto currency) in terms of medium of exchange. You can’t simply ignore fiat because not everyone use bitcoin in their day to day life and we have to use fiat until significant number of merchants start accepting crypto currency. Change is a two way traffic road, we are changing and now waiting for others to change.

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Quote from: Positid on January 05, 2017, 10:25:08 PM

Quote from: The_Dark_Knight on January 05, 2017, 07:29:29 PM

Quote from: JANGKRIK BOSS on January 05, 2017, 03:15:11 AM

Quote from: dearbesz1219 on January 05, 2017, 12:39:12 AM

Nowadays, in bitcoin community I observed that not all bitcoin enthusiast here believe that bitcoin is the future of money, there are some bitcoin fanatic because they got profit into it. or they're just go with the flow only where the trend is.

Yes I agree, I fear that there was a large community that very fanatic and dominates the bitcoin so could manipulate the prices.

To become a future money surely it takes cooperation and a global deal, and the most important is bitcoin must be known to many people. Based on existing data, the bitcoin user is not more than 1% of the total world population, surely it became hard work together so that users of the bitcoin on the rise.

If we had a 1% of the human population using bitcoin the price will probably multiply by ten, since the 1% of the human population is about 70 million while the user base of bitcoin is around 1 to 1.5 million users.

It's a process, and what I see we are growing now. It does not matter how small we are now but what matters is the progress of bitcoin. I can tell the progress is fast as evidence by the price increase.

I agree to that, if we expect it will grow very fast then what you are seeing is a bubble. We do not want to witness what has happened in the past, this time should be successful and it's important we all have patience as the price will just grow based on the demand of the people.

It's a long way to go, so keep riding and be hopeful your future will be positive with bitcoin.

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Quote from: The_Dark_Knight on January 05, 2017, 07:29:29 PM

Quote from: JANGKRIK BOSS on January 05, 2017, 03:15:11 AM

Quote from: dearbesz1219 on January 05, 2017, 12:39:12 AM

Nowadays, in bitcoin community I observed that not all bitcoin enthusiast here believe that bitcoin is the future of money, there are some bitcoin fanatic because they got profit into it. or they're just go with the flow only where the trend is.

Yes I agree, I fear that there was a large community that very fanatic and dominates the bitcoin so could manipulate the prices.

To become a future money surely it takes cooperation and a global deal, and the most important is bitcoin must be known to many people. Based on existing data, the bitcoin user is not more than 1% of the total world population, surely it became hard work together so that users of the bitcoin on the rise.

If we had a 1% of the human population using bitcoin the price will probably multiply by ten, since the 1% of the human population is about 70 million while the user base of bitcoin is around 1 to 1.5 million users.

It's a process, and what I see we are growing now. It does not matter how small we are now but what matters is the progress of bitcoin. I can tell the progress is fast as evidence by the price increase.

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Quote from: JANGKRIK BOSS on January 05, 2017, 03:15:11 AM

Quote from: dearbesz1219 on January 05, 2017, 12:39:12 AM

Nowadays, in bitcoin community I observed that not all bitcoin enthusiast here believe that bitcoin is the future of money, there are some bitcoin fanatic because they got profit into it. or they're just go with the flow only where the trend is.

Yes I agree, I fear that there was a large community that very fanatic and dominates the bitcoin so could manipulate the prices.

To become a future money surely it takes cooperation and a global deal, and the most important is bitcoin must be known to many people. Based on existing data, the bitcoin user is not more than 1% of the total world population, surely it became hard work together so that users of the bitcoin on the rise.

If we had a 1% of the human population using bitcoin the price will probably multiply by ten, since the 1% of the human population is about 70 million while the user base of bitcoin is around 1 to 1.5 million users.

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Quote from: dihari on January 05, 2017, 06:08:58 PM

Blockchain was introduced a new way to do payment transaction. A new way to make us easy to make and keep money. And bitcoin is a product of blockchain that can make future going easy.
Yeah bitcoin is a future, but I think there will be an upgrade for crypto currencies in the future.

I think there is no upgrades that will even happen to crypto's maybe the people will look for something new about crypto's but bitcoin will still remain for whatever it is now. Blockchain system of bitcoin is very amazing on how it really works. I'm pretty sure that bitcoin does what has it takes to be one of the future money.

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Blockchain was introduced a new way to do payment transaction. A new way to make us easy to make and keep money. And bitcoin is a product of blockchain that can make future going easy.
Yeah bitcoin is a future, but I think there will be an upgrade for crypto currencies in the future.

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Quote from: mrbigmugs on January 05, 2017, 05:19:53 PM

Quote from: bncbnc on January 05, 2017, 03:05:21 PM

Quote from: Tanic on January 05, 2017, 02:24:56 PM

Bitcoin is the real future of money that already coming true. Crypto currencies are the next step in evolution of money. Same like e-books came instead of paper books and e-mail instead of paper post. new techologies came, but there are lot of people who use paper things still.

yes that is a fact and i am agree with you. actually bitcoin is still not adopted by all the people of the world and that is the reason that still majority of the people are using fiat, but hope that future more and more people will adop bitcoin as currency and will start using it.

although bitcoin is a universal currency and the users of bitcoin are present everywhere in the world, but still most of the people are not using it, even they do not hear about bitcoin, i think it is our duty to introduce bitcoin to them.

yes it is really our duty to introduce bitcoin to them as we know about it and we can easily teach them about the adoption and usage of bitcoin. It will not only benefit them but it will benefit us too because the price of bitcoin will increase if more people will learn about bout bitcoin and will adopt it.

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Quote from: bncbnc on January 05, 2017, 03:05:21 PM

Quote from: Tanic on January 05, 2017, 02:24:56 PM

Bitcoin is the real future of money that already coming true. Crypto currencies are the next step in evolution of money. Same like e-books came instead of paper books and e-mail instead of paper post. new techologies came, but there are lot of people who use paper things still.

yes that is a fact and i am agree with you. actually bitcoin is still not adopted by all the people of the world and that is the reason that still majority of the people are using fiat, but hope that future more and more people will adop bitcoin as currency and will start using it.

although bitcoin is a universal currency and the users of bitcoin are present everywhere in the world, but still most of the people are not using it, even they do not hear about bitcoin, i think it is our duty to introduce bitcoin to them.

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Quote from: Tanic on January 05, 2017, 02:24:56 PM

Bitcoin is the real future of money that already coming true. Crypto currencies are the next step in evolution of money. Same like e-books came instead of paper books and e-mail instead of paper post. new techologies came, but there are lot of people who use paper things still.

yes that is a fact and i am agree with you. actually bitcoin is still not adopted by all the people of the world and that is the reason that still majority of the people are using fiat, but hope that future more and more people will adop bitcoin as currency and will start using it.

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Bitcoin is the real future of money that already coming true. Crypto currencies are the next step in evolution of money. Same like e-books came instead of paper books and e-mail instead of paper post. new techologies came, but there are lot of people who use paper things still.

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Quote from: Kettler on January 05, 2017, 02:01:15 PM

Quote from: Wandering Soul~ on January 05, 2017, 12:05:18 PM

Quote from: dhampir-D on January 05, 2017, 11:18:45 AM

Quote from: Dudeperfect on January 05, 2017, 11:12:53 AM

Quote from: danherbias07 on January 05, 2017, 10:24:56 AM

We know many have been using it now so it says it all. But still that is not enough to say that it is the future. Many just come and go and bitcoin have been proving good when it comes to being money itself.

Because Bitcoin, being a pioneer in crypto technology has some unique feature which is not available in fiat system and hence the popularity is increasing day by day. I have no doubt that in next ten years we would have a growth rate of 100% or more regarding worldwide users and people would prefer bitcoin over PayPal or Visa.

I think Bitcoin will reach that level of success, but it may take longer than people think. With regard to the growth rate, I think that this year we may already see a significant increase, given that high profile investors are entering the scene.

Yes I also think that it will take longer than expected cause realistically speaking, It is quite a dream to think that a whole decade will be full of imroving stuffs or positive ones . Of course negative stuffs or what we called problems will show up that will hinders its growing period or will make it longer . We should be ready for this cause bitcoin is dependent to its users .

That is right. The price of bitcoin is too volatile. It cannot be a good currency.

Volatile based on trading with fiat. If there were no fiat, bitcoin wouldn't be volatile. Maybe one day Grin

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Quote from: Wandering Soul~ on January 05, 2017, 12:05:18 PM

Quote from: dhampir-D on January 05, 2017, 11:18:45 AM

Quote from: Dudeperfect on January 05, 2017, 11:12:53 AM

Quote from: danherbias07 on January 05, 2017, 10:24:56 AM

We know many have been using it now so it says it all. But still that is not enough to say that it is the future. Many just come and go and bitcoin have been proving good when it comes to being money itself.

Because Bitcoin, being a pioneer in crypto technology has some unique feature which is not available in fiat system and hence the popularity is increasing day by day. I have no doubt that in next ten years we would have a growth rate of 100% or more regarding worldwide users and people would prefer bitcoin over PayPal or Visa.

I think Bitcoin will reach that level of success, but it may take longer than people think. With regard to the growth rate, I think that this year we may already see a significant increase, given that high profile investors are entering the scene.

Yes I also think that it will take longer than expected cause realistically speaking, It is quite a dream to think that a whole decade will be full of imroving stuffs or positive ones . Of course negative stuffs or what we called problems will show up that will hinders its growing period or will make it longer . We should be ready for this cause bitcoin is dependent to its users .

That is right. The price of bitcoin is too volatile. It cannot be a good currency.

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Quote from: dhampir-D on January 05, 2017, 11:18:45 AM

Quote from: Dudeperfect on January 05, 2017, 11:12:53 AM

Quote from: danherbias07 on January 05, 2017, 10:24:56 AM

We know many have been using it now so it says it all. But still that is not enough to say that it is the future. Many just come and go and bitcoin have been proving good when it comes to being money itself.

Because Bitcoin, being a pioneer in crypto technology has some unique feature which is not available in fiat system and hence the popularity is increasing day by day. I have no doubt that in next ten years we would have a growth rate of 100% or more regarding worldwide users and people would prefer bitcoin over PayPal or Visa.

I think Bitcoin will reach that level of success, but it may take longer than people think. With regard to the growth rate, I think that this year we may already see a significant increase, given that high profile investors are entering the scene.

Yes I also think that it will take longer than expected cause realistically speaking, It is quite a dream to think that a whole decade will be full of imroving stuffs or positive ones . Of course negative stuffs or what we called problems will show up that will hinders its growing period or will make it longer . We should be ready for this cause bitcoin is dependent to its users .

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Quote from: Dudeperfect on January 05, 2017, 11:12:53 AM

Quote from: danherbias07 on January 05, 2017, 10:24:56 AM

We know many have been using it now so it says it all. But still that is not enough to say that it is the future. Many just come and go and bitcoin have been proving good when it comes to being money itself.

Because Bitcoin, being a pioneer in crypto technology has some unique feature which is not available in fiat system and hence the popularity is increasing day by day. I have no doubt that in next ten years we would have a growth rate of 100% or more regarding worldwide users and people would prefer bitcoin over PayPal or Visa.

I think Bitcoin will reach that level of success, but it may take longer than people think. With regard to the growth rate, I think that this year we may already see a significant increase, given that high profile investors are entering the scene.

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