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Topic: Is Bitcoin still a people's currency? - page 8. (Read 1259 times)

legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
December 27, 2019, 09:53:53 AM
#3
storage of assets in digital form such as cryptocurrency seems to be a trend of the modern.
cryptocurrency was chosen as an alternative to gold.
Not just a trend but  considered as new economic class in the recent times. Bitcoin with a whopping $7000 (current) price is considered to be the most expensive crypto we had so far and it seems that it will still be long for it to be at top. Gold on the other side is still the one that wealthy people used in storing value, for what reason? only because it is not volatile unlike bitcoin.

but on the security side, the digital world is not 100% really safe, we as cryptocurrency users who for a long time certainly know about this.
I bet you are talking with potential hacking on digital storage, in that case we are still not hacked-proof era since the technology is evolving and so the hackers do. But if we are talking about the security of data, there is no question about it as it is running on blockchain technology where data is unalterable.
sr. member
Activity: 1092
Merit: 252
Dextrust.org #Defi
December 27, 2019, 09:37:34 AM
#2
storage of assets in digital form such as cryptocurrency seems to be a trend of the modern.
cryptocurrency was chosen as an alternative to gold.
but on the security side, the digital world is not 100% really safe, we as cryptocurrency users who for a long time certainly know about this.
legendary
Activity: 2870
Merit: 2474
https://JetCash.com
December 27, 2019, 08:52:01 AM
#1
I've been discussing Bitcoin in a couple of forums, and I'm shocked by the vitriol and anti-Bitcoin passion that I'm finding. It seems that the mass media FUD has turned away the very people who could benefit most from Bitcoin. In contrast, Bitcoin is becoming stronger every day, and is moving towards becoming a store of wealth, and it seems to be moving into the ambit of the rich and the knowledgeable. I'm giving up on Bitcoin evangelism, and concentrating on fattening my wallet.

I thought that Bitcoin might become one of the currencies used by people when the fiat systems collapse, but I think this will only be a minor use. I believe that fiat cash will be used for a while, and silver coins could become a longer term solution. Of course it all depends on the cryptos that are introduced by the various governments, and whether there will be any trust in them.
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