Why Bitcoin is the best future currency? - page 5.

petsae

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Quote from: CryptoVzla on December 16, 2016, 05:11:26 PM

No cash involved, minimum fees, no govt involved, etc.. Why? See the Venezuela case (i'm venezuelan) the govt printed so much money to "sustain" their politics.. That created a real inflation problem (>10% mothly) and an Fx currency trouble (black market $ rose 300% this year)...
So they decided to pull out the largest bill wich it's >60% of the current bills and the new bills "hasn't arrive" so people are doing lines to deposit their money, banks are just for deposit and ATM are giving the bills that just were pulled out...So, a real mess that it is impossible with Bitcoin despite the country..

I also thught about Venezuela case. We live in very unstable times so bitcoin is more safe than regular one currencies.

CryptoVzla

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www.thegeomadao.com

No cash involved, minimum fees, no govt involved, etc.. Why? See the Venezuela case (i'm venezuelan) the govt printed so much money to "sustain" their politics.. That created a real inflation problem (>10% mothly) and an Fx currency trouble (black market $ rose 300% this year)...
So they decided to pull out the largest bill wich it's >60% of the current bills and the new bills "hasn't arrive" so people are doing lines to deposit their money, banks are just for deposit and ATM are giving the bills that just were pulled out...So, a real mess that it is impossible with Bitcoin despite the country..

sportis

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Veni, Vidi, Vici

Let us define the future:

If we talk about the near future, then the bitcoin like as any other cryptocurrency is not the best currency compared with fiat one. At first internet access has only 40% of the population worldwide and the secondly people need information and very good education. They are nor all of them tech savvy neither enthusiasts with all of this innovative technology.

If we talk about the medium as well as the distant future imo the above problems will largely have been solved and will circulate globally various digital currencies not only bitcoins but also private ones governed by private and centralized banks blockchains.

Ejinx

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Because the world is evolving along with bitcoin

carlerha

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Quote from: skyway1 on December 13, 2016, 09:02:27 AM

bitcoin future will be best because bitcoin is very useful and profitable currency and there is a lot of people are earning profit from bitcoin in huge amount and bitcoin is very much popular currency and i think bitcoin will be acceptable sooner in local shopping center in the future.

yes there is not doubt this that bitcoin is useful and profitable, and i think the main reason is the interest of the people, if people continue taking interest in bitcoin , it will become more an more reliable and trusted currency.

Taki

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Quote from: allthingsluxury on December 15, 2016, 11:16:20 AM

Bitcoin, in my opinion is a great optional currency. I'd like to see it it used in many places, alongside precious metals. But, the banking elite fear this scenario greatly and will do everything they can to stop it from occuring.

Yes I think banking and governments are already creating some plan for the case if the price for bitcoin will get close to 2000$. Cause in this case that will have a risk that many of bitcoin users will try to cash out their money and banks will get poorer from that. I hope bitcoin will show itself in next few years as independed currency and the instrument of the economic which really brings money to it's users.

allthingsluxury

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Bitcoin, in my opinion is a great optional currency. I'd like to see it it used in many places, alongside precious metals. But, the banking elite fear this scenario greatly and will do everything they can to stop it from occuring.

thejaytiesto

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Bitcoin will always have the advantage of being the first, first in this type of project is very important, since it has the property of being a store of value, and the longer a store of value has been alive the more valuable it becomes, therefore bitcoin will always have this heads up, but not only this, bitcoin got the best programmers in the game. Nobody can top it.

avikz

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I won't say that bitcoin is the best future currency but it has the potential to become one of the best but not the best. The reason being, bitcoin doesn't have any central regulatory authority and not backed by any physical asset. Bitcoin is simply backed by the people's trust.

However, I never underestimate bitcoin and I know it has a very huge upside potential to become big. That is the reason why I am storing every single amount of bitcoin I earn. I have a plan to store it for another 5 years and then I will sell it. I hope I will be able to turn few of my dream turn in to reality with the power of bitcoin.

rajasumi3

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Bitcoin is the beat future currency of the following reason
-it has great potential
-its value is tending to rise to a great level
-people will adopt their currency as bitcoins in the near future.

daringdiscovered

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Quote from: skyway1 on December 13, 2016, 09:02:27 AM

bitcoin future will be best because bitcoin is very useful and profitable currency and there is a lot of people are earning profit from bitcoin in huge amount and bitcoin is very much popular currency and i think bitcoin will be acceptable sooner in local shopping center in the future.

Let's wish for that in the near future. Bitcoin would be definitely the best currency if we won't convert it to fiat anymore and just use it directly to buy anything we want like some convenience stores or buying groceries. Bitcoin is not yet that popular yet which makes it difficult to use bitcoin directly and only few shops accepts it as payment.

BitMaxz

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Happy New year 🤗

Quote from: CyberKuro on December 13, 2016, 10:21:10 AM

Quote from: Sapihi on February 26, 2016, 07:51:55 AM

The best reasons are:
No physical currency involve!

I don't think so because we need physical currency to purchase bitcoin in the first place, and now there are a lot of places in some countries that doesn't have any merchants which accepted bitcoin yet, then people in there need to convert bitcoin into physical currency again. So, physical currency still involve imho. In my opinion, the best of bitcoin is you can send/receive (transactions) it wherever you want without any restriction or borders with low fees and as easier as sending an email (faster).

We can consider it faster than remittances but if we compare the other payment methods online bitcoin is not the faster or fastest. bitcoin still relaying in your fee and the transaction size.. for me the good thing that i want in bitcoin is the anonymous transaction also you can gamble without restriction giving your real identity before you can start to gamble unlike in paypal that you need to verify it first before you can fully use it and i think it takes 20 days or 60 days your paypal account before stablish that you can use for buying online.. unlike bitcoin that you can use it after you create.

CyberKuro

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Quote from: Sapihi on February 26, 2016, 07:51:55 AM

The best reasons are:
No physical currency involve!

I don't think so because we need physical currency to purchase bitcoin in the first place, and now there are a lot of places in some countries that doesn't have any merchants which accepted bitcoin yet, then people in there need to convert bitcoin into physical currency again. So, physical currency still involve imho. In my opinion, the best of bitcoin is you can send/receive (transactions) it wherever you want without any restriction or borders with low fees and as easier as sending an email (faster).

Gliassa

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The bitcoin is a good currency because it has a good future and its also that you can use it globally.

skyway1

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bitcoin future will be best because bitcoin is very useful and profitable currency and there is a lot of people are earning profit from bitcoin in huge amount and bitcoin is very much popular currency and i think bitcoin will be acceptable sooner in local shopping center in the future.

Capradina

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Quote from: Techie5879 on December 13, 2016, 08:13:22 AM

Physical cash is not involved, and as long as we dont save our PINs and Private Keys here and there, bitcoin is a hell lot of secure. The chance of getting physically assaulted will also become less due to introduction of bitcoins. Moreover faster transaction fees and anonymity will also add up to the benefits of bitcoins. Getting profits is also easy enough from sports betting, and trading, and there are a lot of ways to earn, so it can be the best future currency.

Indeed something physical things that can give us security in the store. because the existence of physical form then we can figure out how much money we will have when we always save them and use them, but the physical form is not something fun when using something or make deals with a very large amount and it can only be used or done in a good way that is like a system of bitcoin. But it is all indeed depends on the users that want to do it

Techie5879

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Back from the Dead!

Physical cash is not involved, and as long as we dont save our PINs and Private Keys here and there, bitcoin is a hell lot of secure. The chance of getting physically assaulted will also become less due to introduction of bitcoins. Moreover faster transaction fees and anonymity will also add up to the benefits of bitcoins. Getting profits is also easy enough from sports betting, and trading, and there are a lot of ways to earn, so it can be the best future currency.

Hidemyname

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Quote from: NorrisK on February 29, 2016, 02:06:03 AM

Quote from: Kprawn on February 28, 2016, 05:36:28 AM

Quote from: Jet Cash on February 28, 2016, 04:06:28 AM

Quote from: Sapihi on February 26, 2016, 07:51:55 AM

The best reasons are:
No physical currency involve!

There is no physical currency with fiat these days.

There are still tons of it to go around, and there will still be tons of it to go around for a while to come. The problem I have with it, is the health risks involved with the handling of physical cash. We are exposed

too a lot of germs and bacteria and even viruses, when we handle physical money. Test has shown traces of faeces and blood on most of the money we use, and even drugs like cocaine. Our cash is filthy and

there are some serious bugs going around, for us to keep on handling it physically. { Ebola / Flu etc...} See this article : http://www.economist.com/node/21564529/

Regarding bugs and germs, what do you think would happen when we all start tapping our phones en mass against NFC terminals? The same thing as with cash: Massive transfers of germs, bacteria and virusses.

The only way to avoid most of these (non airborne) is by making a truly wireless method that does not require any physical touch against a central terminal that touches more than one person.

Bitcoin is a paperless, bank-less, state-less currency that allows people to pay directly for goods and services. The coins themselves are made by computers solving a set of complex math problems, and people who use their computers to make coins and record transactions are called miners.

The value of a bitcoin has fluctuated wildly since 2009 but now hovers between $400 and $450. To spend it, users buy bitcoin and transact using a third-party app such as Coinbase. Rather than a central authority validating transactions, all transfers are recorded on a public ledger. It can be used to pay for coffee, dinner or software from online stores as well as some real-world shops.

traderethereum

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Vave.com - Crypto Casino

Quote from: abel1337 on December 12, 2016, 07:46:22 AM

Quote from: Tanic on December 12, 2016, 07:33:20 AM

Even today the price for bitcoin is high, but after the next halving in four years the price will be even higher. Some experts predict 2000$ and some even higher. That's why bitcoin is the best future currency.

We cant assure bitcoin to get go 2000$ in the future , because in the past years bitcoin get and go up to 1000$ and suddenly dump into 200$ something, We can assure the price but bitcoin is a very good cryptocurrency we can rely on.

yes its true and we don't want to get in this situations, don't we? bitcoin offering many benefit for people which is use bitcoin as payment transaction, with the lower fee than bank transaction, we can access our wallet in everywhere, we can make transaction with every people that have bitcoin wallet and the most important is we can manage our bitcoin as bank, and this is why bitcoin is the best future currency in every country and for every people.

agatha818

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because it is the most valued and the highest price in all crypto currencies,
and no third parties authorize to manage your own money.

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