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Topic: What has changed? Is it moving forward? - page 2. (Read 19085 times)

member
Activity: 518
Merit: 14
It has become an investment vehicle more than a tool that is replacing fiat. Almost all regulations covering cryptocurrencies are also related on it being an asset/investment rather than a transactional currency, so not much has changed. Price wise, it has changed drastically, though I think it's an improper metric to gauge whether bitcoin has become successful or not.

Overall, I'd say bitcoin changed for the better, at least when comparing it to 1014 market conditions.
he market will make a selection naturally. Bitcoin has experienced ups and downs for more than ten years so see the developments that are happening now. many business people have started investing in crypto currency because the crypto market has very good potential in the future. now bitcoin is experiencing growth and will continue to grow, so investing in bitcoin is very attractive to business people. hopefully in the future things will get better.
sr. member
Activity: 532
Merit: 250
There is no problem about the speed of transaction or the confirmation period whenever you send bitcoin to anyone.

It depends on how much your fee does.
not enough to be asked to change but at least there are changes little by little and I think it's pretty good and some are moving forward and it's very good I think going forward in the world of crypto is currently stabilizing market prices
legendary
Activity: 2338
Merit: 1354
Everything has changed. Last 2017 bullrun was really a big mess for everybody in crypto, because there's a lot of people entered in crypto on the peak, around 2017 bull run and after that massive pump in first 2 months of 2018. Boom! Huge dump happened, but we are still moving forward.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
At now the price of the cryptocurrency market has risen up, and it is soon to conclude that this market is moving forward or not.
Not that fast, we are always thinking that due to these small increases we're concluding that the market is moving forward.

It's stagnant for the moment but at least, we've been already moving slowly but I can't say that it isn't moving forward.

But I think the market will be bull run in the next time due to the defective price of the market occurred in 2018 and the beginning of 2019.
2018's done, let's move further and be optimistic for the upcoming months. We will also held halving around May 2020.
legendary
Activity: 1890
Merit: 1003
There is no problem about the speed of transaction or the confirmation period whenever you send bitcoin to anyone.

It depends on how much your fee does.
That is definitely correct, the higher the fees you pay for a transaction to proceed the faster the transaction is especially these days when there is no network congestion happening in the Bitcoin network but if there are network congestions that will occur just like what happened way back in the year 2017 when the market is pretty bullish and there are a lot of people using Bitcoin it will surely cause some delay even if you use high fees on paying a transaction.
During congestion and peak times on network putting high fees for miners can help a bit to accelerate the confirmation period of transaction. During the last month of 2017 situation was different and even high fees don't help to speed up the transaction confirmation time. I am sure same will happen if prices gonna cross below the 2500$ and I expect such attack to bulls in this year.
full member
Activity: 486
Merit: 100
At now the price of the cryptocurrency market has risen up, and it is soon to conclude that this market is moving forward or not. But I think the market will be bull run in the next time due to the defective price of the market occurred in 2018 and the beginning of 2019.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
There is no problem about the speed of transaction or the confirmation period whenever you send bitcoin to anyone.

It depends on how much your fee does.
That is definitely correct, the higher the fees you pay for a transaction to proceed the faster the transaction is especially these days when there is no network congestion happening in the Bitcoin network but if there are network congestions that will occur just like what happened way back in the year 2017 when the market is pretty bullish and there are a lot of people using Bitcoin it will surely cause some delay even if you use high fees on paying a transaction.
And also we already have Lightning network that make transactions easier and faster so it's not a problem anymore.

Congestion during the all time high was due to network spam and now, after experiencing that. We already have that solution that ease and make transactions faster even at the peakest moments.
full member
Activity: 1218
Merit: 105
There is no problem about the speed of transaction or the confirmation period whenever you send bitcoin to anyone.

It depends on how much your fee does.
That is definitely correct, the higher the fees you pay for a transaction to proceed the faster the transaction is especially these days when there is no network congestion happening in the Bitcoin network but if there are network congestions that will occur just like what happened way back in the year 2017 when the market is pretty bullish and there are a lot of people using Bitcoin it will surely cause some delay even if you use high fees on paying a transaction.
member
Activity: 518
Merit: 10
Even little by little, the crypto currency community market is keep on recovering. But yes, the crypto market is still down compared to the past months that is it truly been on its good state like it was going to the moon. But we can still hope for the better of the Bitcoin, maybe sooner or later. Let's all be positive that the crypto currencu world will keep bringing us into the financial future we are aiming for and wishing for to happen through the community of crypto we are living now.
member
Activity: 588
Merit: 10
..cryptocurrency is a digital currency that doesn’t need to exist in a physical form to have value. Nowadays cryptocurrencies have become extremely popular due to itsr decentralized exchange system making it essential for everyone to stay up to date with the latest cryptocurrency news..

..i may say that cryptocurrency now is a purely investment for few people to gain much higher profit when the right time comes..others uses it for trading purposes to gain immediately because there are lot of benefitstrading could give..nowadays,speed transaction is not the mere problem,instead the people behind those scammers that uses crypto in order to gain more wealth by deceiving a lot of crypto users..
full member
Activity: 616
Merit: 102
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 Smiley





If we describe the events briefly, then after the hype of 2017, 2018 returned the cryptoindustry from careless oblivion to the real world. This process was tough, led to the collapse of the market, loss of funds and investor interest, the reorganization of many projects. At the same time, product development intensified, the blockchain has received the support of governments, many incompetent participants have left the market. However, I think that this year the market will almost reach its maturity, and the industry will continue its stable and progressive development.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
There is no problem about the speed of transaction or the confirmation period whenever you send bitcoin to anyone.

It depends on how much your fee does.
sr. member
Activity: 1071
Merit: 253
A few hours ago, the bitcoin fell a bit, without volume, may now seek new prices at higher levels, it is a good time to test the offer, since at lower levels of prices there are not many sales.

The rise and fall of Bitcoin solely lies on the Hold and sales, also from the news feeds which heavily contributed to it downfall last year till now. As far i could see, nothing has changed either but moving forward. Bitcoin may not be moving fast like we want but certainly its moving in my opinion.
It should be enough for us, if it is moving then it will be high very soon but w will have to wait, I know there are many people who were expecting high pump in march and April 2019 but it is a little slow I think instead of being worry or discouraged people should invest more at low price and hold until it recover fully extent.
jr. member
Activity: 45
Merit: 8
No one expected it when bitcoin begun its sudden run to 20k (well, almost no one, and the mainstream laughed at it). Whatever happens next... it'll be the same result. Everyone surprised and huge FOMO in case of a bigger ride. Hopefully it doesn't mean another ICO insanity - let's just hope the market is mature enough
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
Cryptocurrency will never replace fiat but most probably will remain as an investment thing for people and yes it somewhat changed the financial part of the world when prices peeked up and also dropped down hard. I have no idea where Bitcoin will go on the near future.
The glimpse of what is happening right now will be judged after the success of bitcoin adoptions, though there's still a big argument replacing fiat, but working along with the current system will  improved the chance that it will be on its way for more successful future, we have to keep in mind that it's still have a long journey before it will be concluded.
member
Activity: 1120
Merit: 30
Bisq Market Day - March 20th 2023
A few hours ago, the bitcoin fell a bit, without volume, may now seek new prices at higher levels, it is a good time to test the offer, since at lower levels of prices there are not many sales.

The rise and fall of Bitcoin solely lies on the Hold and sales, also from the news feeds which heavily contributed to it downfall last year till now. As far i could see, nothing has changed either but moving forward. Bitcoin may not be moving fast like we want but certainly its moving in my opinion.
full member
Activity: 784
Merit: 100
A few hours ago, the bitcoin fell a bit, without volume, may now seek new prices at higher levels, it is a good time to test the offer, since at lower levels of prices there are not many sales.
actually, until now, I have only seen the stability of bitcoin in the last 2 months. it shows the same development. in different months, the price of bitcoin reaches $ 4k. it might repeat this month and I hope the price can be stable. well, so far there has been no major development.
full member
Activity: 459
Merit: 104
Bitcoin can and will change the world to a better world. It has this special power. Bitcoin was invented to give a second chance to the real banks in this world, to give a second chance to the daily prices that go up. I went today to buy food, I spent in Romanian Lei approx. 10 dollars for nothing (two slices of bread, a beer, two 100 grams packs of food, approx nothing) !!!  10 years ago, I would have paid for this food 2 dollars (in Romanian Lei).

  I do not know the prices in Germany, France, UK, etc, but here in Romania (and in Eastern Europe) it is havoc (and I guess this happens also in Germany, France and UK). Real Havoc, with prices, with banks, with money. There is no money, food stores are asking prices that go to the sky, people are poor, especially in the Eastern Europe, and Russia. Without money there is no industrial production, there is no food, there is no economy.

Bitcoin was invented especially to give people money, the money that they do not have. I repeat, I do not know the prices in the Western Europe and US (for food, etc), but where I live it is simply havoc.

I am a physicist engineer, I am 50 years old, I worked every day (since I was 4 years old, 4 - 10 hours every day) and now at 50 years old, I live in a cracked apartment (from a big quake that happened 42 years ago in Romania) and I earn approx 400 dollars/month. The food prices go up every day.

I pray to God that that the bitcoin price increase (go up, appreciate its value) as this happened many times since 2008. They say (forecasts) that the price of bitcoin will start to increase (to go up) in October- December 2019 (this year) and it will go as high as 600 000 (dollars)- 1 000 000 (1 million dollars) in 2023-2024.




 I
sr. member
Activity: 854
Merit: 281
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

It has not changed much in over the four years you were away. The adoption has increased and also attention from government and external industries.
Bitcoin is not slowly replacing fiat, I do not think it is meant to replace fiat currencies.
It is an alternative currency

I agree that not much has changed since 2014, though we are seeing the development of scaling solutions and increased institutional interest. The philosophy underlying cryptocurrencies and the price volatility are pretty much the same. I would say the same market dynamics are in place, but we are much further along in the industry's development.
member
Activity: 315
Merit: 12
The price of bitcoin from 2014 to now changed a lot but still it an investment not accepted as currency in most part of the world.In my opinion the very volatile price nature of the bitcoin is the probelm being adopted not the speed of transaction at first cause.
Bitcoin has yet to be officially used as a digital currency used by the state. But many countries do not prohibit residents from using bitcoin for transactions or investments.
From this analysis it can be concluded someday when the application of bitcoin is evenly distributed, the system of financial transactions between regions and between countries is not through banking, because bitcoin uses a peer to peer system.
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