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Topic: Is Bitcoin the next big thing? - page 19. (Read 2002 times)

legendary
Activity: 1344
Merit: 1251
December 19, 2017, 11:02:54 AM
#61
Hi,

You actually summarize the questions that every bitcoiners worry about. We don't know how to turn this volatile currency into a money that can be used in everyday life. We hope it will last. We bet on making large profits.

Truth is that we don't have the slightest idea about what will happen. But we are trying, hoping luck will be on our side!
legendary
Activity: 1344
Merit: 1251
December 19, 2017, 10:28:14 AM
#60
Hi,

You actually summarize the questions that every bitcoiners worry about. We don't know how to turn this volatile currency into a money that can be used in everyday life. We hope it will last. We bet on making large profits.

Truth is that we don't have the slightest idea about what will happen. But we are trying, hoping luck will be on our side!
legendary
Activity: 1344
Merit: 1251
December 19, 2017, 10:23:24 AM
#59
Hi,

You actually summarize the questions that every bitcoiners worry about. We don't know how to turn this volatile currency into a money that can be used in everyday life. We hope it will last. We bet on making large profits.

Truth is that we don't have the slightest idea about what will happen. But we are trying, hoping luck will be on our side!
sr. member
Activity: 743
Merit: 250
December 19, 2017, 10:10:16 AM
#58
I think crypto currencies in general are the next big thing worldwide, of course Bitcoin is the most powerful crypto actually but there are so many other promising altcoins and their communities keep growing up as well. So people will deal with this digital currencies in the future a lot more.
newbie
Activity: 70
Merit: 0
December 19, 2017, 10:08:45 AM
#57
i would not believe that bitcoin replaces fiat in the near future. but blockchain technologies are next big thing, that may leave thousands of office staff without jobs.
hero member
Activity: 1890
Merit: 831
December 19, 2017, 09:53:47 AM
#56
Bitcoin might excel if currencies like the dollar et al trips under a hyperinflation scenario ...
 wether Bitcoin can replace normal currencies ...

bitcoin is not supposed to "replace" fiat. and it was never the plan. it is like saying when Paypal started back in 1998 it was supposed to replace all traditional money!

bitcoin is like an option, a secondary currency that is decentralized and free of censorship and government control. anybody from anywhere in the whole world can use it the way they like without answering to anyone.

Why then should people invest in or buy a currency that can rise or fall by 20 percent in an hour or two?

this has nothing to do with bitcoin being the "next big thing" or "replacing fiat".
and to answer your question, many people are investing in bitcoin because it is volatile! you don't see a trader jumping up and down saying the asset i bought to make profit is not moving at all, woot woot.

I completely agree but I beg to differ for one point'
That is.. bitcoins were never supposed to be used as a currency is what i feel...it was there to be used as an asset..

Also its already the big thing.. !!!
I have never ever seen any market growing that fast thus you can for sure rely that there is nothing like next.. we are still related to something big.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
December 19, 2017, 09:32:58 AM
#55
For those who argue that Bitcoin and other cryptocurrencies are the next big things, buying and investing in Bitcoin might just pay off. Bitcoin might excel if currencies like the dollar et al trips under a hyperinflation scenario but that for now is not visibly an option that is available, thus, another fundamental question is wether Bitcoin can replace normal currencies and that again is not feasible in the nearest future. Why then should people invest in or buy a currency that can rise or fall by 20 percent in an hour or two?
Whether the dollar trips or not under inflation, Bitcoin has already proved itself the big thing. It is not "the next" because it already exists as the big thing. Nevertheless, it is quite confusing the way you put out your statement out here, OP.

2017 has shown a tremendous growth in the crypto world with Bitcoin providing a leading role. We expect that 2018 will supercede it and then prove to all that cryptocurrency has come to stay, and not a bubble.
newbie
Activity: 50
Merit: 0
December 19, 2017, 09:23:35 AM
#54
Same thing as happens to every good technology !

Takes a great amount o people to push the
agenda on how it can help society, until it lands
on the institutional radar where social benefit is completely
ignored and the world functions as it always does.
sr. member
Activity: 2660
Merit: 339
December 19, 2017, 09:04:12 AM
#53
For those who argue that Bitcoin and other cryptocurrencies are the next big things, buying and investing in Bitcoin might just pay off. Bitcoin might excel if currencies like the dollar et al trips under a hyperinflation scenario but that for now is not visibly an option that is available, thus, another fundamental question is wether Bitcoin can replace normal currencies and that again is not feasible in the nearest future. Why then should people invest in or buy a currency that can rise or fall by 20 percent in an hour or two?
Bitcoin and other crypto currencies are the next big things, and there is no doubt about it. Bitcoin has even made it clear that it is the currency of future and the demand in the market shows that people from all parts of the world are investing in the bitcoin and want to do the transactions in that.

Governments even the United states and Britain are just sitting back and observing the situation, but in the end they will have to decide whether to accept it wholly or make some changes in legalizing the transactions.
full member
Activity: 518
Merit: 101
December 18, 2017, 11:55:34 PM
#52
For those who argue that Bitcoin and other cryptocurrencies are the next big things, buying and investing in Bitcoin might just pay off. Bitcoin might excel if currencies like the dollar et al trips under a hyperinflation scenario but that for now is not visibly an option that is available, thus, another fundamental question is wether Bitcoin can replace normal currencies and that again is not feasible in the nearest future. Why then should people invest in or buy a currency that can rise or fall by 20 percent in an hour or two?
For I guess yes because a lot of people are now investing bitcoin and lot of people also wanted to know more about bitcoin and very interested to join investments of bitcoins. So bitcoin is the big thing.
sr. member
Activity: 588
Merit: 254
December 18, 2017, 11:53:21 PM
#51
It is already the big thing right now. But still far from its way of replacing fiat and other world currency. Although some of the countries in the world are adapting to bitcoin, it is still a long way to go.


It is not the next big thing for it is already a big or shall we say a huge one. It has shaken the cryptocurrency world due to its explosive price increase this year and its potential to rise in the years to come. Bitcoiners community continues to rise because many people get to know bitcoin and is attracted to its impressive exchange value in the market.
There is something I would criticise a little, my opinion may differ a bit from the others here. Saying bitcoin is a big thing is 100% right but the issue here is that we are measuring it only in terms of price. No one talks here about the blockchain, bitcoin was a big thing from its very first day since it introduced blockchain technology to the world. The price increase of bitcoin is basically the appreciation it get from the people around the world in the support of the blockchain technology.
member
Activity: 616
Merit: 11
Decentralized Ascending Auctions on Blockchain
December 18, 2017, 11:31:08 PM
#50
For some other people looking for further future they might gumble of what bitcoin currency is now. Because they are looking for positve future which bitcoin soon become in demand to all people and that such person looking positively that bitcoin is the next big thing someday. Even some people saying negative about bitcoin but still a lots also trust on how bitcoin really good for the future.
sr. member
Activity: 1484
Merit: 253
December 18, 2017, 11:26:07 PM
#49
It is already the big thing right now. But still far from its way of replacing fiat and other world currency. Although some of the countries in the world are adapting to bitcoin, it is still a long way to go.


It is not the next big thing for it is already a big or shall we say a huge one. It has shaken the cryptocurrency world due to its explosive price increase this year and its potential to rise in the years to come. Bitcoiners community continues to rise because many people get to know bitcoin and is attracted to its impressive exchange value in the market.
jr. member
Activity: 75
Merit: 2
December 18, 2017, 11:17:16 PM
#48
It is already the big thing right now. But still far from its way of replacing fiat and other world currency. Although some of the countries in the world are adapting to bitcoin, it is still a long way to go.
full member
Activity: 364
Merit: 130
December 17, 2017, 07:15:48 AM
#47
Replacing the role of fiat is not the main purpose of bitcoin creation. You can say that bitcoin is a means to make transactions between people or between countries to be faster, efficient and affordable. But the reality is very different, People are more inclined to hold the bitcoin owned because they believe the price will continue to rise because of the limited supply, so bitcoin is also used as a lucrative investment tool.

This year, the popularity of bitcoin has grown enormously, and this technology has become one of the most frequently discussed topics by the media, so in the near future, I believe bitcoin will be the next big thing.
hero member
Activity: 3052
Merit: 606
December 17, 2017, 05:57:21 AM
#46
I believe that bitcoin is the next big thing because it's different from the usual way of transacting online, it's decentralized therefore  it's more trusted compared to the centralized system which we are using now. It might be new to majority of the people but the growing popularity could be a good sign that some big investors already realize this early that bitcoin is going to be mainstream in the future.
newbie
Activity: 32
Merit: 0
December 17, 2017, 05:40:29 AM
#45
Yes, Bitcoin is totally a new thing in this world, many people are keep learning about it and improving it year by year.
newbie
Activity: 12
Merit: 0
December 17, 2017, 05:16:42 AM
#44
When we begin paying our taxes out of BTC, that is the moment when it had become 'the next big thing'

true and sad same time
full member
Activity: 1064
Merit: 112
December 17, 2017, 05:15:37 AM
#43
Yeah for sure bitcoin is the next big thing. Becuase it is have big impact in industry, bitcoin poyential has like a rocketship that go to moon. Now bitcoin price is around $19000+ this is the biggening  that bitcoin is the next big thing.
i agree we can say bitcoin is a big thing because  of its valued  right now which is so expensive and above than other currency even valued of gold and fiat. I have doubts maybe bitcoin value in future will be a future money even its impossible.  But who knows maybe government will allow bitcoin to replace fiat because of its massive adaption.  .
member
Activity: 308
Merit: 12
December 17, 2017, 04:32:38 AM
#42
People buy and invest on bitcoin because they wanted to gain profit. Yup its price changes every hour, so if someone wanted to invest, he must be very careful on it because its very risky. A lot also invest because as you can see, its price continues to rise. Price from 2009 up to now has a very huge difference. And in the future it will double or triple its price... A lot of people now are using bitcoin, even businesses. You can buy clothes and other goods from it. It makes transactions fast and easy. Even though it exist, i think it wont replace normal currency since banks do not consider it as form of currency. It must be accepted first by the government to replace normal money, but i dont think that it will happen. They might only accept it as form of payment system, but will not replace money, but it would be a very long process. I think crypto will continue to grow but will remain as digital currency and will just serve as another form of payment system just like what is happening now.
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