Opinion - page 3. | Bitcointalksearch.org

Aamir1

hero member

Activity: 756

Merit: 500

Quote from: xdrpx on September 02, 2016, 09:01:40 AM

I think Bitcoin has a positive impact on the economy as well. People will start relying less on their banks and credit cards, more privacy over transactions and ease to transact with using their personal mobile phones. Also, it'd enable poorer countries to receive and send monetary remittances at a much cheaper rate and almost instantly without having to to wait in long queues to collect the fund.

Well i think that wont be the case in future if bitcoin reaches mainstream because after that they might open bitcoin banks or start credit cards like fiat ones and then all things may become the same as fiat about bitcoin (i hope that does not happen though).

Dudeperfect

hero member

Activity: 1190

Merit: 534

Not only about our financial future but it will change the way we used to live economically. It will not only bring new concepts and simplicity in the transactions but also it will make the world even closer financially.

Alternatively it will bypass restrictions of fiat and boost the global economy due to decentralization feature and due to anonymity, it will make us secure to trade without worry.

Now let’s jump to facts. It won’t happen overnight, there is threat of misuses and we should really spend bitcoin in order to grow userbase because movement makes it popular.

xdrpx

hero member

Activity: 616

Merit: 603

I think Bitcoin has a positive impact on the economy as well. People will start relying less on their banks and credit cards, more privacy over transactions and ease to transact with using their personal mobile phones. Also, it'd enable poorer countries to receive and send monetary remittances at a much cheaper rate and almost instantly without having to to wait in long queues to collect the fund.

ardentvolcanoes

sr. member

Activity: 1050

Merit: 252

that will put a threat to the centralized system which is banking industry , and maybe it would give our economy a good status but we cannot say there will never be a problem from it . our security must be our focus and we must still be on control on our own property .

eternalgloom

legendary

Activity: 1792

Merit: 1283

Quote from: Snorek on August 31, 2016, 05:23:56 PM

Quote from: Das on August 31, 2016, 07:31:32 AM

The major advantage bitcoin has over fiat is that inflation is controlled.

With fiat the price of goods/services increases indefinitely, whereas bitcoins has a limited supply so inflation is limited.

I believe digital currencies are our future, but it seems the government is making plans for its own digital currency.

Inflation might not be the problem of BTC but huge volatility is much worse than inflation. One day your coins can be worth $1000 and the very next day only $250.
Inflation might be problematic in the course of many many years but 1.5% inflation rate per annum (current USD inflation rate) is not that devastating.

That might have been the case a couple of years ago, but since then he price has been much more stable.
What are the chances that something equally devestating as the MtGox fiasco happens?

MHopkins

member

Activity: 95

Merit: 45

Quote from: wildworld on August 30, 2016, 06:55:35 PM

For our financial future ... Bitcoin is a good chance for our economy, what do you think

As a store of wealth it is fairly price stable and is much easier to access and store than physical gold. I imagine another blockchain will succeed as a general payment system tho'. Unless the core devs make big inroads in scaleability and throughput.

btc_94

newbie

Activity: 14

Merit: 0

Bitcoin is the only currency that you can take across different countries and not pay any taxes on it. It completely gives you the freedom to move anywhere in the world and exchange it to any other currency.This mobility is very advantageous to people who travel a lot.

wildworld

full member

Activity: 146

Merit: 100

The Bitoin is already strong and will become stronger. This morning we discussed a lot in meeting.
We want to be able to pay everywhere , hotel , plane tickets, phone , jewelery , restaurants, car, taxi ......
Bitocin is good for our economy and that we must continue to support!
Everyone should live and I am sure that many people would be happy with it .
And a little privicy in what you buy is not wrong, it's just good for everyone ..
Are you agree?

VanDeinsberg12

hero member

Activity: 1540

Merit: 507

Quote from: wildworld on August 30, 2016, 06:55:35 PM

For our financial future ... Bitcoin is a good chance for our economy, what do you think

Especially for my personality bitcoin is very usefull for my economy but for my environtment or my coutry i think bitcoin is not usefull but i think in this time a lot of people is saying bitcoin is really useful because that is just covering in their personality.

MingLee

hero member

Activity: 490

Merit: 520

Quote from: wildworld on August 30, 2016, 06:55:35 PM

For our financial future ... Bitcoin is a good chance for our economy, what do you think

Bitcoin is huge thing because it has a lot of potential for the normal person to get back in control of their own wealth again and no longer be burdened by a currency subject to inflation and losing a lot of the value for the work they do. Bitcoin might not be beneficial for the economy on a macro scale, however it is definitely beneficial for the average Joe.

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Quote from: wildworld on August 30, 2016, 06:55:35 PM

For our financial future ... Bitcoin is a good chance for our economy, what do you think

In fact, refers in this time we can see if the bitcoin is really hel[fully for a lot of people in their economy and then we can taking the conclusion if bitcoin will become a good chance for the future of our financial economy. I think another people will say about the volatility of price and another like that but if you're a wise people trying for thinking your can get your advantages from there.

0day

hero member

Activity: 742

Merit: 500

Hire me for your campaign management.

yeah, it is already bringing a very positive change in our financial system, with that people are free with their investment and with their international transactions, more money is to be saved with lesser transaction fees and unemployed are working in the community of bitcoin to earn their living.

Snorek

legendary

Activity: 1400

Merit: 1001

Quote from: Das on August 31, 2016, 07:31:32 AM

The major advantage bitcoin has over fiat is that inflation is controlled.

With fiat the price of goods/services increases indefinitely, whereas bitcoins has a limited supply so inflation is limited.

I believe digital currencies are our future, but it seems the government is making plans for its own digital currency.

Inflation might not be the problem of BTC but huge volatility is much worse than inflation. One day your coins can be worth $1000 and the very next day only $250.
Inflation might be problematic in the course of many many years but 1.5% inflation rate per annum (current USD inflation rate) is not that devastating.

outatime1

sr. member

Activity: 364

Merit: 254

CryptoTalk.Org - Get Paid for every Post!

Well, it's a good opportunity to invest in something that has potential to be something big. This could be as big as the invention of the internet or computers. We are still at the very beginning of what it could become.

calkob

hero member

Activity: 1106

Merit: 521

I think your right, when fiat currencies start going do the tube then people are going to look for a stable currency which bitcoin will be, if anything it will increase against fiats

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Bitcoin itself? The jury's out and staying out for a good while yet. The ideas Bitcoin has created and fostered? Absolutely.

Ayers

legendary

Activity: 2590

Merit: 1022

Leading Crypto Sports Betting & Casino Platform

it's very good as alternative yes, i just hope more people will begin to use it like it happened with paypal, and maybe one day bitcoin will be very big and trusted especially, which is important to increase adoption

Jeremycoin

legendary

Activity: 1022

Merit: 1003

𝓗𝓞𝓓𝓛

Bitcoin could be the future of currency, but I believe there will be a better thing in the future that will replace Bitcoin. Because the thing that we have to notice is the Blockchain, because this system is the brain of all of this.

hasiramasenju

legendary

Activity: 980

Merit: 1000

Quote from: wildworld on August 30, 2016, 06:55:35 PM

For our financial future ... Bitcoin is a good chance for our economy, what do you think

people has talking about this before you should be search similar thread such as this and indeed bitcoin good for long term investment because maybe bitcoin will more popular than currently in the future but do not expect more for the price because bitcoin price movement is unpredictable

yayayo

legendary

Activity: 1806

Merit: 1024

Quote from: Junko on August 31, 2016, 08:04:37 AM

Bitcoin allows people to be their own bank as well as allow many of those previously unbanked, who couldn't before, participate in the economy, which is a good thing.

What makes you think that the "unbanked" can not participate in the economy? Most of them are actively participating in their local economies by bartering or using physical cash. The term "unbanked" is horrible, because it generates the perception that people, who are not using banks are somehow dumb and need help to participate in the glorious banking world. But in fact, the opposite is true: These people are doing it right!

Of course Bitcoin offers immense opportunities for the world economy, because it "unbanks" all people, freeing them from the restrictions and costs that come with using banks and other financial service companies, especially for international transactions. With widespread Bitcoin use, international trade can be lifted to a whole new level. Direct international trade will be much easier and the world will grow more together because of it.

ya.ya.yo!

Topic: Opinion - page 3. (Read 3081 times)