Is Bitcoin Really The Future Of Money? - page 83.

Blackdeath

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Quote from: carlerha on November 06, 2016, 11:24:40 PM

Quote from: croutonhexagon on November 06, 2016, 09:11:15 PM

May be because no one can say that whether bitcoin would be allowed or banned by government. Due to its anonymity which helps criminal to use to money in private mode government are banning it also it made its way for for transaction across countries without any tax or barriers so government are imposing ban on it

in fact these are the real problem that must be sold, so that government can take real step for legalizing bitcoin, if bitcoin become legalize it will become more and more popular and hope that then people will do more trust on it.

Maybe. Bitcoin nowaday is very famous in other people because of its high value. And bitcoin helps people lot im different situation. Other said that it makes transactions very easy,fast and simple while other said it is helpful but not just lile the real money. People have different claims in bitcoin. But for me, I think maybe. After 10 yrs we will not be shocked if bitcoin overcome the real money because bitcoin today is just starting and as the time passed by it develops. And bitcoin is very helpful in our society and we can hear that some stores, establishment or company accepts bitcoin. Later on bitcoin will accept in a certain country.

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Quote from: scambust on February 27, 2017, 06:39:38 PM

The only future bitcoin has is digital gold. Currently, bitcoin is unusable (high fees, transaction backlog)

Because there are lot of spam attacks by someone we dont know who are maybe trying to take bitcoin down. Making the fees higher, and many users dont really like what is happening.

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Quote from: MarvelousAQL on February 24, 2017, 01:45:03 AM

I regret leaving bitcoin; last time 1Bitcoin cost like $600 now look where it is now; i would've made a really good investment. I only had like 0.5Btc in my account; im glad it gained value but i know i could've earned so much more if i stayed.

HM, indeed bitcoin is a place that is hard to guess and it makes us sometimes get the losses on our attitude that is too pessimistic or rigid in addressing bitcoin. But it is indeed something that fails, because after that we can still use bitcoin for better things again and correct our attitude was bad in the past. But keep in mind that, during the bitcoin has yet to give something good for us then don't ever force myself to be able to get the good stuff in the bitcoin as quickly as possible. Because it is just you doing gambling is continuously

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I could either watch it happen or be a part of it

Bitcoin maybe has its ups and down in the past years. But still, this is just starting point of Bitcoin, it's unstable and fluctuations characteristics is to be expected because of the unstable and fluctuating world. Even gold's thousands of years ago has a starting difficulty.
You cant expect that Bitcoin will arise to a million dollars in just a mere years but it has a great potential. People tend to forget that banks around the world is suppressing the things and phenomena that oppose them. Still we the new generations must have a means of exchange that can't be stolen, destroyed or taken to us easily in this binary world or in the near future quantum computing world.

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Quote from: requester on February 27, 2017, 09:18:52 AM

if not then also bitcoin will rule the digital money in very near future because it is role model for any other digital money because its secure and safe to use as it is very less likely to be get hacked.

well it is already the biggest crypto currency and it is soon gonna be way bigger than other digital payment methods, though to replace fiat we will still need to wait for at least a few more decades for bitcoin to become way stronger.

Quote from: scambust on February 27, 2017, 06:39:38 PM

The only future bitcoin has is digital gold. Currently, bitcoin is unusable (high fees, transaction backlog)

so what that it has pretty big fees? I think that the fees are still pretty decent and bitcoins can be used for sending over bigger amounts of money for a really small amount of money.

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Quote from: tabas on February 27, 2017, 06:44:33 PM

Quote from: scambust on February 27, 2017, 06:39:38 PM

The only future bitcoin has is digital gold. Currently, bitcoin is unusable (high fees, transaction backlog)

How can you say that with bitcoin? For sure that you are also a bitcoin user since you are here in forum. Regarding the fees, it's just normal, wherever you go everything has fees unless you don't want to pay for it. And with gold, there's no way to pay people with certain portion of gold. Everyone wants to have have fiat and there are some wants bitcoin.

First of all people want to have the currency they need every day, and only then everyone thinks about the future and the more than there is at the moment. Therefore, Fiat is primarily to be calm and have bitcoin for the development and management of new business.

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Quote from: scambust on February 27, 2017, 06:39:38 PM

The only future bitcoin has is digital gold. Currently, bitcoin is unusable (high fees, transaction backlog)

How can you say that with bitcoin? For sure that you are also a bitcoin user since you are here in forum. Regarding the fees, it's just normal, wherever you go everything has fees unless you don't want to pay for it. And with gold, there's no way to pay people with certain portion of gold. Everyone wants to have have fiat and there are some wants bitcoin.

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The only future bitcoin has is digital gold. Currently, bitcoin is unusable (high fees, transaction backlog)

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Quote from: upsidedown75 on February 27, 2017, 10:33:32 AM

Quote from: Jiyens3 on February 26, 2017, 06:34:49 AM

Quote from: hawkins on February 17, 2017, 12:59:14 PM

Quote from: Jiyens3 on February 16, 2017, 09:46:59 AM

yes, is it.. a reason is bitcoin's price year to year always increase..
and user bitcoin year to year always increase too
maybe if everyone know about bitcoin , bitcoin can be payment in store or market in the world..

agree. each year, bitcoin have fared much better, and it will make bitcoin has many users. probably only a matter of time until bitcoin used by all people in the world. bitcoin development will make it into the money in the future.

yes , i feel many user use bitcoin because profitable ..
and i feel no one user bitcoin use it if bitcoin useless and not worth further

Yeah that is true there might not bitcoin is the future and maybe it won’t become the future of the money remember that bitcoin is limited, but the whole idea the whole concept of the bitcoin is something that could change our lives and the way we use money in our daily lives, they always said that bitcoin is a revolutionary thing when it comes to economy.

so why you still use bitcoin if you not believe bitcoin a future money?
maybe bitcoin can being future money if all people in the world know about bitcoin and us it

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Quote from: Jiyens3 on February 26, 2017, 06:34:49 AM

Quote from: hawkins on February 17, 2017, 12:59:14 PM

Quote from: Jiyens3 on February 16, 2017, 09:46:59 AM

yes, is it.. a reason is bitcoin's price year to year always increase..
and user bitcoin year to year always increase too
maybe if everyone know about bitcoin , bitcoin can be payment in store or market in the world..

agree. each year, bitcoin have fared much better, and it will make bitcoin has many users. probably only a matter of time until bitcoin used by all people in the world. bitcoin development will make it into the money in the future.

yes , i feel many user use bitcoin because profitable ..
and i feel no one user bitcoin use it if bitcoin useless and not worth further

Yeah that is true there might not bitcoin is the future and maybe it won’t become the future of the money remember that bitcoin is limited, but the whole idea the whole concept of the bitcoin is something that could change our lives and the way we use money in our daily lives, they always said that bitcoin is a revolutionary thing when it comes to economy.

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Quote from: requester on February 27, 2017, 09:18:52 AM

if not then also bitcoin will rule the digital money in very near future because it is role model for any other digital money because its secure and safe to use as it is very less likely to be get hacked.

this sounds like a more reasonable scenario to me too.
it has always been unrealistic to me about bitcoin replacing fiat, but i can easily see bitcoin replacing all forms of online currency such as paypal for example.

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Quote from: DoublerHunter on February 25, 2017, 04:29:24 AM

Quote from: Bitcoin0916 on February 25, 2017, 03:42:45 AM

Quote from: thanhlengockt92 on February 18, 2017, 11:58:29 AM

I really like bitcoin because it convenient Grin

Agree, with bitcoin transactions secure and make us convenient. And the most important thing is bitcoin can we make an investment in the future. When many people do not believe fiat money then bitcoin is an answer to counter inflation. I sure bitcoin is the future money and will replace fiat money.

I agree to all your statement but that "will replace fiat money" I doubt that because that is impossible thing to happen, can you imagine what is needed to defeat fiat? and that is the government of a certain country. Bitcoin will never replace fiat and bitcoin will just be an addition to the payment system of the country.

i do not think that bitcoin is here to defeat fiat, but in fact bitcoin is a online currency and now the modern people are giving more preference to bitcoin and therefore we are thinking that bitcoin will really replace fiat but i think it will take some more time and it is not such an easy job.

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Quote from: MingLee on November 06, 2016, 06:22:23 PM

Quote from: BingoDog on November 06, 2016, 06:14:57 PM

Cryptocurrencies including Bitcoin are the future whether someone like it or not. Sooner or later they will become equal to fiat money. New technologies are taking place of old ones and so it's in the world of finances. The development of cryptocurrencies can't be stoped anymore.

The development of cryptocurencies has never been a question as to whether or not it could be stopped, but how much it would catch on. No-one can stop anyone from changing or developing anything. We have to still see if it will continue to grow, but so far it is showing strong signs of continuing in its life span and cryptos probably aren't going anywhere.

Yes as of now bitcoin is hitting its prime year. Its progress is on its highest peak so i think that there is a big future out of bitcoin. As you say there's no question on how bitcoin continues it grow or progress. It only means that there is a great probability that bitcoin will continue to grow and grow as it become a future money. And if it really happen there is more new stuff that bitcoin can give us. So no one can stop its progress.

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if not then also bitcoin will rule the digital money in very near future because it is role model for any other digital money because its secure and safe to use as it is very less likely to be get hacked.

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Quote from: MarvelousAQL on February 24, 2017, 01:45:03 AM

I regret leaving bitcoin; last time 1Bitcoin cost like $600 now look where it is now; i would've made a really good investment. I only had like 0.5Btc in my account; im glad it gained value but i know i could've earned so much more if i stayed.

You are not too late for start again, I know the bitcoin about 19 months ago when the price no more than $200. Then I bought 5 btc and I sell when the price reach $560 in may 2016, by that time I had no idea there was a halving day because I thought it was lucky, after I sell all stock, I leave and active again 4 months.

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Quote from: ameerrosic on November 06, 2016, 05:03:14 PM

Bitcoin has been proclaimed dead 89 times. It has been labeled a Ponzi scheme and a failed experiment. Writers have argued for it to be forgotten and for developers to move on to greener pastures. But moving beyond this rhetoric, it’s not all that difficult to compare the rise of bitcoin to that of another technology: the World Wide Web. http://blockgeeks.com/questions/what-is-your-future-predictions-of-bitcoin/#comment-604

yes , because its popularity day by day goining by it clearly show that bitcoin what.
Since we can compare bitcoin with fiat but still fiat has its own importance in every country but in case of internet money this is only bitcoin that making us integrated the world through its network .

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Quote from: Oggy1987 on February 26, 2017, 10:21:16 AM

Not really a future money, but a good base to develop something similar. Bitcoin can never fully replace fiat, I think banks and governments will make their own cryptocurrency, learning from bitcoin and developing it to be better, and more controllable.

I can see that happening in the future, they want something that can be called as their own, of course they are the government so they want to govern things. Bitcoin is decentralized so for sure they cannot control how the owners will spend their bitcoins but that will become worthless if the government will be very strict with their rules on the exchanges sites which will not favor us.

The freedom of spending online should be retain, and that is what we are fighting for and I hope we will have success on it.

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Quote from: MarvelousAQL on February 24, 2017, 01:45:03 AM

I regret leaving bitcoin; last time 1Bitcoin cost like $600 now look where it is now; i would've made a really good investment. I only had like 0.5Btc in my account; im glad it gained value but i know i could've earned so much more if i stayed

You are not alone in your regrets

Many people sold their bitcoins when the price had just started to rise from its long-term lows at or slightly above 200 dollars per coin (if that comforts you somehow). Buying Bitcoin right now might seem not to be a very good idea overall, though I remember perfectly well when folks were telling exactly the same in last November when the price had first reached 800 dollars after so many years. Nevertheless, you can always earn bitcoins directly by doing different jobs. Participating in a signature campaign is the easiest (but you should know that already)

Oggy1987

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Not really a future money, but a good base to develop something similar. Bitcoin can never fully replace fiat, I think banks and governments will make their own cryptocurrency, learning from bitcoin and developing it to be better, and more controllable.

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Quote from: FlightyPouch on February 26, 2017, 08:40:29 AM

Quote from: DoublerHunter on February 24, 2017, 09:56:30 AM

I highly believe that bitcoin is really the future of money because it gives a lot of ideas on the future development of money like making our money digital so we can use and transfer it easily on the air and nothing to worry about. One of the reason why bitcoin is the future of money is it only requires small fees in doing transactions and that is the best for any kind of person who does transactions on daily basis so i think, it is really true that this is the future.

Many believe that this might happen and I am also too. But the thing about bitcoin these days is they are treating bitcoin as a stock not a currency. They are waiting for a price pump so they can have a profit and then change it to real money.
How can bitcoin be a future money if we are treating it as a stock?

That's true, but this does hype up Bitcoin and sometimes by treating as it as a stock (which is it is good at being) people can become interested in the concept.

Maybe Bitcoin isn't the future, but the blockchain is. Bitcoin certainly needs a lot of improvement, namely the scalability issues and high fees for small transactions. Bitcoin could certainly be the future if it's amended to an extent that it can nearly maintain itself with block size etc. It's just the idea of being able to make secure transactions without having to give out private details, rely on the state or accept constant inflation, and the idea of being able to do this online with anyone, anywhere without even having to convert currencies. That's what's so amazing.

If Bitcoin became the future of money it would no longer be treated as a stock because there would be significantly less to trade it with (except physical assets like gold, but people already trade the US dollar for that anyway).

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