What has changed? Is it moving forward? - page 10.

arnelandvik

newbie

Activity: 40

Merit: 0

I believe that the main problem lays not even in the speed of transactions, but in the loss in price. Investments look less attractive, plus these constant attempts to control from the side of the authorities began to take hope away(

hatshepsut93

legendary

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Merit: 2148

Quote from: cryptomous on January 15, 2019, 07:59:59 AM

Is it just a trading commodity, long term investment or is it (very very very) slowly replacing fiat. I know there are many companies and small shops that accept cryptocurrency but is that it? Is the problem still about the speed of a transaction

Please help me catch up a little

It's more of a high risk - high reward investment, similar to internet company stocks during dotcom bubble. A ton of coins has emerged, all claiming to be the next big things, but they are all on early stages of development which happens very-very slowly. Only Bitcoin is different, because it actually is being improved, so only Bitcoin can be considered a true long-term investment.

As for replacing fiat, this isn't happening on any significant scale, all the places that accept Bitcoin do so as an additional option. And very-very few people in the world are trying to go full crypto.

Eth-Jackcoin

full member

Activity: 350

Merit: 100

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Quote from: cryptomous on January 15, 2019, 07:59:59 AM

Hi All,

I have been in cryptocurrency since 2014 but last 3 years I took a break from it. I had high hopes how it can change the financial world.

I would like to get back into it but first I would like to find out what is cryptocurrency today.

Is it just a trading commodity, long term investment or is it (very very very) slowly replacing fiat. I know there are many companies and small shops that accept cryptocurrency but is that it? Is the problem still about the speed of a transaction

Please help me catch up a little

Cryptocurrency as you know it, hasn’t changed much. Yes, there have been advancements and one of which is that it can be acquired with many means. The originally known means is via trading, then some other means too, but by being in this platform with us, the most common means is via ICO – initial coin offering.
Welcome back to the crypto world.

Belec

member

Activity: 140

Merit: 15

★777Coin.com★ Fun BTC Casino!

Transactions are the biggest problem and they have to change; they are fast but too high fees all disturb. To make the bitcoin progress, we need to attract new investors, we must prove that bitcoins are above all and a special crypto currency.

Emilyp

member

Activity: 546

Merit: 10

I think right now bitcoin is mainly a trading commodity, while we continue to see more use applications of it, it still has a long way to go before it could become a fiat alternative.

cizatext

member

Activity: 952

Merit: 41

What I can tell you is that cryptocurrency is the order of the day because with cryptocurrency you can carry out you transactions without any third party involvement which have given us the total to our financial world and transactions, cryptocurrency is still very profitable at the present time because it has always been volatile and decentralized.

whirlcoin

full member

Activity: 602

Merit: 111

Quote from: Denton on January 20, 2019, 04:28:53 PM

Of course, crypto did not become a payment instrument, but it certainly became better, I believe. Now it is still in continuous development and it has a great future. But so far it has proved to be a good investment tool.

There is no big change will happen to the cryptocurrency still now but a little science for development will be there for our eyes so we can definitely trust this year to be the biggest value for the development also but everything has happened we can definitely adopted for it.

Syakbrown

jr. member

Activity: 354

Merit: 1

whatever happens, I still think of the crypto world as a place of investment and in my opinion there is no significant change between 4 years ago and now

Canoppo99

member

Activity: 334

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Quote from: cryptomous on January 15, 2019, 07:59:59 AM

Hi All,

I have been in cryptocurrency since 2014 but last 3 years I took a break from it. I had high hopes how it can change the financial world.

I would like to get back into it but first I would like to find out what is cryptocurrency today.

Is it just a trading commodity, long term investment or is it (very very very) slowly replacing fiat. I know there are many companies and small shops that accept cryptocurrency but is that it? Is the problem still about the speed of a transaction

Please help me catch up a little

Mostly people use it for trading now, but actually it is long term investment because the deflation will make the price go up. The transaction speed is not a problem, it still fast. It's not just matter of adoption but also economic improvement, anyone can gain profit if they do the right strategy in bitcoin investment.

SIDDHI777

jr. member

Activity: 196

Merit: 1

Still majority of cryptocurrencies are used as trading commodities which not the intention of anyone who developed them but it has become the reality and some of them are adapting into businesses in a considerable rate but the rest is adopting in a very slow rate because still digital currency concept is new to the world and it might take some time for people to fully understand and accept crypto to combine with there business functions which is possible but might take some time

Snyderfx2

member

Activity: 351

Merit: 10

Quote from: cryptomous on January 15, 2019, 07:59:59 AM

Hi All,

I have been in cryptocurrency since 2014 but last 3 years I took a break from it. I had high hopes how it can change the financial world.

I would like to get back into it but first I would like to find out what is cryptocurrency today.

Is it just a trading commodity, long term investment or is it (very very very) slowly replacing fiat. I know there are many companies and small shops that accept cryptocurrency but is that it? Is the problem still about the speed of a transaction

Please help me catch up a little

crypto is very very slowly replacing fiat and it is mainly because of there users that means us who only seek profits and return on investments but nothing else and that is why they are often used as investment commodities on exchanges but not in businesses to do something great practically and I see a very slow adoption rate which is not that we expect in the beginning when bitcoin and other potential cryptocurrencies were introduced but even slowly fiat might get replaced by crypto and that is certain

Anies_Sandi

sr. member

Activity: 700

Merit: 252

That's right because in the past 10 years the change in bitcoin has been enormous from the low price to the current price is expensive but still expensive at the end of 2017

Strike Eagle 26

jr. member

Activity: 39

Merit: 2

The government will most probably adopt cryptocurrency but it will be one that they create and control probably by the IMF and this will lead to the end of cash where it will become illegal and then the government will really have you by the balls since if the banks start to impose negative interest rates you wont be able to withdrawal your money and then you really are screwed.

maianh09

full member

Activity: 672

Merit: 100

Quote from: cryptomous on January 15, 2019, 07:59:59 AM

Hi All,

I have been in cryptocurrency since 2014 but last 3 years I took a break from it. I had high hopes how it can change the financial world.

I would like to get back into it but first I would like to find out what is cryptocurrency today.

Is it just a trading commodity, long term investment or is it (very very very) slowly replacing fiat. I know there are many companies and small shops that accept cryptocurrency but is that it? Is the problem still about the speed of a transaction

Please help me catch up a little

Currently, it is not a commodity, and it is almost like a kind of stock received when you invest in ICOs projects. Special coins you get can exchange on exchange platforms. It is almost like the current stock but it can be anonymous, and this is the reason for attracting many financial investors.

AAKODI

jr. member

Activity: 205

Merit: 1

It is moving forward and soon many patient holders will benefit from and even the now the market seems to recover from its drop and some say this is due to the decline of the stock market but what ever the reason behind what we all know is bitcoin is going through a successful path than the past by adapting into businesses and expanding its areas and gaining more users day by day so I think for anyone who invested in bitcoin the glorious days are ahead

maemunah

sr. member

Activity: 672

Merit: 250

this has become advanced and bitcoin has almost 10 years survived now and I think the bitcoin will come again this year I'm sure it

ETHICKNINE

jr. member

Activity: 86

Merit: 1

Quote from: cryptomous on January 15, 2019, 07:59:59 AM

Hi All,

I have been in cryptocurrency since 2014 but last 3 years I took a break from it. I had high hopes how it can change the financial world.

I would like to get back into it but first I would like to find out what is cryptocurrency today.

Is it just a trading commodity, long term investment or is it (very very very) slowly replacing fiat. I know there are many companies and small shops that accept cryptocurrency but is that it? Is the problem still about the speed of a transaction

Please help me catch up a little

Well cryptocurrency and bitcoin both are moving forward in the financial world with adoption into small and large scale businesses specially targeting online market even governments and other major centralized organizations made restrictions and regulations for existence of bitcoin and crypto but even such parties are becoming more and more open mind because there potential qualities are undeniable so in the near future we would see proper use of crypto than today

TravelMug

hero member

Activity: 2632

Merit: 833

A lot has changed since 2014. Obviously the price started to pick up around late 2015 and reached it's peak in December 2017. Sadly though you may have missed it.

But don't be disheartened, plenty of times to invest specially that the price is still cheap at the moment. You don't want to miss the bandwagon the second time around so better to invest as early as you can.

Artemis3

legendary

Activity: 2030

Merit: 1569

CLEAN non GPL infringing code made in Rust lang

Quote from: gabmen on January 16, 2019, 08:19:56 AM

Well definitely it's not on it's way to replace fiat at this point. One thing you've missed if you've been away for that long is the 2017 run that probably did more harm than good for many people. Also because of that, bitcoin has gained faniliarity among the masses though it doesn't seem to be on a positive note.

Those people who knew nothing about trading would have been harmed no matter what thing they bought. Same goes for miners who thought bitcoin would keep that inflated price and spent too much too quickly (even Bitmain) instead of keeping savings from the temporary bubble.

When you see a bull run, it is too late. Wait until is over and the price goes down (like now) to buy again. Of course price might go a bit further down due to Chinese new year, but that's a yearly cyclic event.

If you see it in the long run (such as 2013 vs 2019) its has clearly gained value at a more moderate rate, but still impressive for something that was supposed to be "nothing" (this "nothingness" seems to be valuable to the markets, go figure).

Commercial media loves sensationalism and doesn't care about spreading FUD to bitcoin as long as they make more views/sales etc. Crime was committed with bitcoin, as if crime wasn't committed with fiat 99% of the time. Same things could be said about internet, computers, electricity, guns, knives...

When you are your own bank, you assume those responsibilities. Ignore them and you lose money, is that simple.

akram143

full member

Activity: 1106

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★777Coin.com★ Fun BTC Casino!

Quote from: gabmen on January 16, 2019, 08:19:56 AM

Well definitely it's not on it's way to replace fiat at this point. One thing you've missed if you've been away for that long is the 2017 run that probably did more harm than good for many people. Also because of that, bitcoin has gained faniliarity among the masses though it doesn't seem to be on a positive note.

No I don't think the value will still reducing so I cannot trust anymore the development of it will be possible to the quicker period but some hope will be there for all people who are trusted Bitcoin are also in that case definitely it will not leave our hand very soon.

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