Where are we going with cryptocurrency? - page 2.

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Quote from: isabella01 on June 13, 2017, 02:22:07 AM

As soon as majority of the world is informed and knows about digital currency, what do you think will happen? No matter how good it sounds to traditional banking, how much of the population will make cryptocurrency grow?

Depends upon how the cryptocurrencies are promoted. Bitcoin can be referred as "illegal drug money " by some, at the same time "anonymous donation money" by some. So we need to see when cryptocurrencies will reach 30-40% of world population, will it be in positive or negative manner.
Believe me if it goes in positively manner, per capita living standard will rise many times.

mastadonballs

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Quote from: bamboylee on June 13, 2017, 02:41:36 AM

Not much. None of the crypto is applicable for daily use and to an average joe, it is still easier to use fiat than crypto. If anything, the only users that can be added are gamblers and speculators or traders.

That's right, using Crypto Currencies as daily payments is one of our destinations. We can not predict how Bitcoin and other Altcoins will be in next 5 - 10 years but we all know that developers are doing their best to make that dream come true.

mastadonballs

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Quote from: bamboylee on June 13, 2017, 02:41:36 AM

Not much. None of the crypto is applicable for daily use and to an average joe, it is still easier to use fiat than crypto. If anything, the only users that can be added are gamblers and speculators or traders.

That's right, using Crypto Currencies as daily payments is one of our destinations. We can not predict how Bitcoin and other Altcoins will be in next 5 - 10 years but we all know that developers are doing their best to make that dream come true.

Hui8

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I think world will go crazy about the digital currency. It will get too condensed with investors and every currency might look like the same or will get same volume traded every time. Few people would be there to make the dishonest decision to make the world of digitalisation poor. However majority of them will be successful trader.

SvenBomvolen

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Quote from: bamboylee on June 13, 2017, 02:41:36 AM

Not much. None of the crypto is applicable for daily use and to an average joe, it is still easier to use fiat than crypto. If anything, the only users that can be added are gamblers and speculators or traders.

That's right, but it's only beginning. Who knew about bitcoin five years ago? Only nerds. And today's price and bitcoin based project attract thousands of new users every day. Crypto-currencies are in demand and that fact makes the price to grow.

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Quote from: isabella01 on June 13, 2017, 02:22:07 AM

As soon as majority of the world is informed and knows about digital currency, what do you think will happen? No matter how good it sounds to traditional banking, how much of the population will make cryptocurrency grow?

i think with internet connection in every where, the new era of digital currency will come and will know by many people and they will using digital currency. people now have two option for spending their money, with digital or with traditional way, but for crypto currency, as long as internet connection is exist, crypto currency will be stay as digital currency and there will be many option of digital currency that we can use.

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Quote from: Potato Chips on July 02, 2017, 09:12:14 AM

Quote from: Betwrong on July 02, 2017, 06:32:12 AM

Quote from: isabella01 on June 13, 2017, 02:22:07 AM

As soon as majority of the world is informed and knows about digital currency, what do you think will happen? No matter how good it sounds to traditional banking, how much of the population will make cryptocurrency grow?

When majority of the world is informed I think there will be 100 times more users of cryptocurrency than it is now. The price of Bitcoin will probably not rise 100 times though, because there are many other cryptos which people will be using.

I'm with you with that because 100 times is a bit exaggerated on its price for now but who knows in the future. Altcoins is certainly catching up on bitcoin although the situation

now is even though many of us are already using altcoins, our main cryptocurrency is still bitcoin.

being informed is just a first stage, the question is are people willing to learn cryptocurrencies, do they have the resources for it? what i observed on the people around me is

they come and go. they come because of money and when things get hard, they simply go.

I Think there are still a majority of people that are not using bitcoin or not interested with it, and if you rate it in the percentage I think the number of people that is not interested is in a 80% and only 10% of people that has knowledge with it, if you don't believe me then go out and see for yourself by asking random person in your community if they know what is bitcoin and I think 1 out of 10 will say that they have not encounter the word yet or don't know anything about bitcoin.

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Quote from: isabella01 on June 13, 2017, 02:22:07 AM

As soon as majority of the world is informed and knows about digital currency, what do you think will happen? No matter how good it sounds to traditional banking, how much of the population will make cryptocurrency grow?

If majority of the population of the entire world would know cryptocurrencies existence then it would really be an advantage but the big question is what would they choose rather other than bitcoin,considering there are lots of alts in the market and also its really hard to believe that it will replace traditional banking but its really a great innovation after all- If community would mostly adopt this system then expect for more demand but still not a sure thing to happen though.

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Quote from: Betwrong on July 02, 2017, 06:32:12 AM

Quote from: isabella01 on June 13, 2017, 02:22:07 AM

As soon as majority of the world is informed and knows about digital currency, what do you think will happen? No matter how good it sounds to traditional banking, how much of the population will make cryptocurrency grow?

When majority of the world is informed I think there will be 100 times more users of cryptocurrency than it is now. The price of Bitcoin will probably not rise 100 times though, because there are many other cryptos which people will be using.

I'm with you with that because 100 times is a bit exaggerated on its price for now but who knows in the future. Altcoins is certainly catching up on bitcoin although the situation

now is even though many of us are already using altcoins, our main cryptocurrency is still bitcoin.

being informed is just a first stage, the question is are people willing to learn cryptocurrencies, do they have the resources for it? what i observed on the people around me is

they come and go. they come because of money and when things get hard, they simply go.

Hui8

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As soon as majority of the world is informed and knows about digital currency, what do you think will happen? No matter how good it sounds to traditional banking, how much of the population will make cryptocurrency grow?

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Quote from: isabella01 on June 13, 2017, 02:22:07 AM

As soon as majority of the world is informed and knows about digital currency, what do you think will happen? No matter how good it sounds to traditional banking, how much of the population will make cryptocurrency grow?

When majority of the world is informed I think there will be 100 times more users of cryptocurrency than it is now. The price of Bitcoin will probably not rise 100 times though, because there are many other cryptos which people will be using.

Hui8

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As soon as majority of the world is informed and knows about digital currency, what do you think will happen? No matter how good it sounds to traditional banking, how much of the population will make cryptocurrency grow?

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Quote from: Qunenin on July 02, 2017, 02:35:18 AM

Quote from: coolstory on June 21, 2017, 06:42:23 PM

The market will expand until we reach a point where equilibrium will be created in the number of new coming investors.

Once the new investors come for sure the price will hike and reach another peak of it. And so bitcoin will take us more to brighter future. And if the government will permit to use it publicly for sure things will go smoothly and good. I think those who have saved cryptos in any forum like bitcoin or altcoin, they all will be rich by 2020.

Agreed, when new investment enter the network we'll be experiencing price increase. In the past too, the same took place when the legalization took place in Japan. A huge investment inflow took place and caused a price increase to a bigger level. Now too several good news has been coming from Countries all around. Hope this will make the price increase in a short towards $3000

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Quote from: coolstory on June 21, 2017, 06:42:23 PM

The market will expand until we reach a point where equilibrium will be created in the number of new coming investors.

Once the new investors come for sure the price will hike and reach another peak of it. And so bitcoin will take us more to brighter future. And if the government will permit to use it publicly for sure things will go smoothly and good. I think those who have saved cryptos in any forum like bitcoin or altcoin, they all will be rich by 2020.

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Quote from: isabella01 on June 13, 2017, 02:22:07 AM

As soon as majority of the world is informed and knows about digital currency, what do you think will happen? No matter how good it sounds to traditional banking, how much of the population will make cryptocurrency grow?

I don’t think information is going to be enough, people will have to see their currencies crumble before they begin to use bitcoin in a massive scale.

Sadlife

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Once the whole world knows about bitcoin and crypto currency it will liberate them from oppression, exploitation and tyranny from their fiat currency that is controlled by bankers. They will feel the difference between bitcoin and fiat currency cause bitcoin is more superior and has some good aspects, it is not overrated and over-regulated like fiat currency. Bitcoin's decentralized monetary system is far better than a debt base scheme fiat currency. It will governments to ease up their monetary rules because of bitcoin, if not they will be crashed by this decentralized currenry repeatedly until they realize it.

siti25

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Quote from: coolstory on June 21, 2017, 06:42:23 PM

The market will expand until we reach a point where equilibrium will be created in the number of new coming investors.

New investors will start a boost in the bitcoin stock market.
Therefore you must prepare yourself for the price spike that will happen sometime, whether it is the fall in price or the rising price of the bitcoin itself.

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The market will expand until we reach a point where equilibrium will be created in the number of new coming investors.

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Quote from: isabella01 on June 13, 2017, 02:22:07 AM

As soon as majority of the world is informed and knows about digital currency, what do you think will happen? No matter how good it sounds to traditional banking, how much of the population will make cryptocurrency grow?

If majority of the population jumps into the cryto market then we will be having some serious scaling issue and that would be fun. Cheesy

Be it bitcoin or any other coin,there is a certain limitation for the number of transactions sent accordingly and if everyone starts using then there will be a serious issue of upgrading it to suite to the market demand and i am not sure whether they could accommodate every user.

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Quote from: isabella01 on June 13, 2017, 02:22:07 AM

As soon as majority of the world is informed and knows about digital currency, what do you think will happen? No matter how good it sounds to traditional banking, how much of the population will make cryptocurrency grow?

As we all know we all know that the cryptocurrency is a result of a rising technology so I guess this cryptocurrency have a very high potential and probably will be the future currency and no doubt because of many feature that it give us and make our life easier when it comes to money.

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