As I had encountered that day by day more people are joining bitcoin inspite of its sky rocketing price and day by day more and more government and other agencies are coming against bitcoin so will bitcoin stay alive and will it be able to invite new user in the network?
Of course it will, those governments agencies at best will slow down the adoption rate of bitcoin but as long as bitcoin fills a gap in the market of currencies then we will keep seeing people buying and adopting bitcoin thanks to its amazing characteristics.
Topic: Will bitcoin trap more new user in coming years - page 2. (Read 3054 times)
Why did you use trap in the title, and after I saw your post, it doest not mean trap, you should use attract instead.
Actually I am fully believing that bitcoin will surge in the future, we need to promote more bitcoin news and features to our friends and family, it is a kind of investment. Digital gold.
Yeah, reading the details of the question, I agree that the OP got confused. It would be nice to see him update this, because it completely changes the meaning. With respect to attracting more users, this will depend on market conditions, and the conditions on the Bitcoin network itself, as users need a stable platform for making payments. Actually I am fully believing that bitcoin will surge in the future, we need to promote more bitcoin news and features to our friends and family, it is a kind of investment. Digital gold.
Why did you use trap in the title, and after I saw your post, it doest not mean trap, you should use attract instead.
Actually I am fully believing that bitcoin will surge in the future, we need to promote more bitcoin news and features to our friends and family, it is a kind of investment. Digital gold.
Actually I am fully believing that bitcoin will surge in the future, we need to promote more bitcoin news and features to our friends and family, it is a kind of investment. Digital gold.
Bangladesh banned bitcoin - will they ban goods send through Amazon bought with bitcoin?
Just an example. Ofcourse can they make it difficult for local people, but that's not going to happen globally.
Just an example. Ofcourse can they make it difficult for local people, but that's not going to happen globally.
they technically ban that too if they find out some goods are bought with bitcoin. but in the end people are just investing in bitcoin to be some part of this rise and have a big profit in the end of all this. and you can always buy with cash and hold in your cold storages without anybody even knowing.
You won't see price tag on your package with price presented in Bitcoin. So unless authorities will go as far and check your online shopping history there is no way to tell.
They hate (or dislike) it because they don't have control.
They can't ban it, and they know it. Because they aware of that, they are going to live with it, but don't know exactly how to deal with it.
They have laws about taxing/money laundring/etc. but it's very difficult for them to control it as they want it.
They can't ban it, and they know it. Because they aware of that, they are going to live with it, but don't know exactly how to deal with it.
They have laws about taxing/money laundring/etc. but it's very difficult for them to control it as they want it.
What do you mean they 'can't ban it'?
All any government needs to do, is to make it illegal for any of it's citizens to transact in Bitcoin, and prohibit their financial system from servicing organisations who are involved in the exchange of Bitcoin to fiat currency. Sure, as with illegal drugs, the population will still be able to get access to Bitcoin should they really want it, but why would they want it if they are living in an economy in which Bitcoin was total taboo?
What I meant (as others pointed out) was that they surely can make it illegal locally. But you can still invest in bitcoin - for illegal and/or international purposes.
Bangladesh banned bitcoin - will they ban goods send through Amazon bought with bitcoin?
Just an example. Ofcourse can they make it difficult for local people, but that's not going to happen globally.
they technically ban that too if they find out some goods are bought with bitcoin. but in the end people are just investing in bitcoin to be some part of this rise and have a big profit in the end of all this. and you can always buy with cash and hold in your cold storages without anybody even knowing.
see the bitcoin prices are quite high this year, even more stable, I think this will create new users interested in trying to use bitcoin. Well, every year bitcoin users continues to increase, but I am convinced that this year will be really a lot of new users who try to use bitcoin
I think it all depends on what way bitcoin evolves.
If the transaction fees increase, I don't think many new members can be won.
Everybody starts small in the beginning. And when new users have to spend a big part of the amount they want to transact for fees, I highly doubt they will do that often.
Transactions with bitcoins have to stay cheap and fast, otherwise people will stop using it. And that would be kind of... bad.
If the transaction fees increase, I don't think many new members can be won.
Everybody starts small in the beginning. And when new users have to spend a big part of the amount they want to transact for fees, I highly doubt they will do that often.
Transactions with bitcoins have to stay cheap and fast, otherwise people will stop using it. And that would be kind of... bad.
The title seems to suggest that bitcoin has some evil plan and wants to trap new users.
Bitcoin is in a very high place right now. It is very valuable but still has a lot of space to grow. Bitcoin is actually very attractive investment right now. So if more people are looking for good place to put their money, bitcoin is a good candidate. This will attract more users and maybe eventually trap them.
Bitcoin is in a very high place right now. It is very valuable but still has a lot of space to grow. Bitcoin is actually very attractive investment right now. So if more people are looking for good place to put their money, bitcoin is a good candidate. This will attract more users and maybe eventually trap them.
They hate (or dislike) it because they don't have control.
They can't ban it, and they know it. Because they aware of that, they are going to live with it, but don't know exactly how to deal with it.
They have laws about taxing/money laundring/etc. but it's very difficult for them to control it as they want it.
They can't ban it, and they know it. Because they aware of that, they are going to live with it, but don't know exactly how to deal with it.
They have laws about taxing/money laundring/etc. but it's very difficult for them to control it as they want it.
What do you mean they 'can't ban it'?
All any government needs to do, is to make it illegal for any of it's citizens to transact in Bitcoin, and prohibit their financial system from servicing organisations who are involved in the exchange of Bitcoin to fiat currency. Sure, as with illegal drugs, the population will still be able to get access to Bitcoin should they really want it, but why would they want it if they are living in an economy in which Bitcoin was total taboo?
What I meant (as others pointed out) was that they surely can make it illegal locally. But you can still invest in bitcoin - for illegal and/or international purposes.
Bangladesh banned bitcoin - will they ban goods send through Amazon bought with bitcoin?
Just an example. Ofcourse can they make it difficult for local people, but that's not going to happen globally.
They hate (or dislike) it because they don't have control.
They can't ban it, and they know it. Because they aware of that, they are going to live with it, but don't know exactly how to deal with it.
They have laws about taxing/money laundring/etc. but it's very difficult for them to control it as they want it.
They can't ban it, and they know it. Because they aware of that, they are going to live with it, but don't know exactly how to deal with it.
They have laws about taxing/money laundring/etc. but it's very difficult for them to control it as they want it.
What do you mean they 'can't ban it'?
All any government needs to do, is to make it illegal for any of it's citizens to transact in Bitcoin, and prohibit their financial system from servicing organisations who are involved in the exchange of Bitcoin to fiat currency. Sure, as with illegal drugs, the population will still be able to get access to Bitcoin should they really want it, but why would they want it if they are living in an economy in which Bitcoin was total taboo?
"Governments" isn't equal to a single entity hopefulyl, therefore what a government decide against bitcoin is irrelevant, it will only get banned there, this is why you can't do shit to bitcoin, unless all the government agree to ban bitcoin
and somethign is telling me that this will not happen ever, also notice how there are many illegal things in this world yet they are still "used", this enforce the fact that bitcoin is untouchable, in my case i would still use it if it was banned everywhere....
They hate (or dislike) it because they don't have control.
They can't ban it, and they know it. Because they aware of that, they are going to live with it, but don't know exactly how to deal with it.
They have laws about taxing/money laundring/etc. but it's very difficult for them to control it as they want it.
They can't ban it, and they know it. Because they aware of that, they are going to live with it, but don't know exactly how to deal with it.
They have laws about taxing/money laundring/etc. but it's very difficult for them to control it as they want it.
What do you mean they 'can't ban it'?
All any government needs to do, is to make it illegal for any of it's citizens to transact in Bitcoin, and prohibit their financial system from servicing organisations who are involved in the exchange of Bitcoin to fiat currency. Sure, as with illegal drugs, the population will still be able to get access to Bitcoin should they really want it, but why would they want it if they are living in an economy in which Bitcoin was total taboo?
so far most governments of the first world countries not only not banned bitcoin but also they have legitimized it. and the only country that has banned bitcoin is Bangladesh and another one that i forgot, and that has not stopped their people to buy, sell, invest by holding bitcoin!
I think more people will be interested in Bitcoin as it gains value. And it obviously has value for a reason beyond the novelty of it now that it has survived several years. I think it will always hold some value and will probably just increase.
If theres an new users wo will use bitcoin for their business well for me bitcoin will be totally increase it self it because the volume will be increase again not because they bough it some said bitcoin is a big kind of ponzo scheme scam but if they know how to control or to earn from it they will enjoy using it like my friends who i invite already to use bitcoin as trading.
As I had encountered that day by day more people are joining bitcoin inspite of its sky rocketing price and day by day more and more government and other agencies are coming against bitcoin so will bitcoin stay alive and will it be able to invite new user in the network?
You said it as bitcoin was some kind of Ponzi scheme where old users need to invite new blood because network will collapse otherwise.Bitcoin is not a trap for anyone, it is a choice, if you think it won't be good investing in BTC, then just buy and support it.
People are suddenly waking up when price is over $1000, saying "but it is too much for me to buy" but it is only a beginning.
With limited number of coins, deflation will hit us, making our coins much more valuable.
Governments can ban Bitcoin that is true but that is not in their best interest
Of course it isn't.
Bitcoin is the prototype for the coming global digital (and fully traceable) currency.
Current crypto are all pilot schemes. Takes a lot of test runs before you have the pragmatic know-how to implement the final solution.
They hate (or dislike) it because they don't have control.
They can't ban it, and they know it. Because they aware of that, they are going to live with it, but don't know exactly how to deal with it.
They have laws about taxing/money laundring/etc. but it's very difficult for them to control it as they want it.
They can't ban it, and they know it. Because they aware of that, they are going to live with it, but don't know exactly how to deal with it.
They have laws about taxing/money laundring/etc. but it's very difficult for them to control it as they want it.
What do you mean they 'can't ban it'?
All any government needs to do, is to make it illegal for any of it's citizens to transact in Bitcoin, and prohibit their financial system from servicing organisations who are involved in the exchange of Bitcoin to fiat currency. Sure, as with illegal drugs, the population will still be able to get access to Bitcoin should they really want it, but why would they want it if they are living in an economy in which Bitcoin was total taboo?
Governments can ban Bitcoin that is true but that is not in their best interest and I beleive that most countries, at least the developed and prosperous ones, will not do that. Even in countries where Bitcoin will be baned people would not stop using it, like they don't stop with illegal activities, although they are baned. In fact some people would be attracted to Bitcoin just for the fact that it is baned.
They hate (or dislike) it because they don't have control.
They can't ban it, and they know it. Because they aware of that, they are going to live with it, but don't know exactly how to deal with it.
They have laws about taxing/money laundring/etc. but it's very difficult for them to control it as they want it.
They can't ban it, and they know it. Because they aware of that, they are going to live with it, but don't know exactly how to deal with it.
They have laws about taxing/money laundring/etc. but it's very difficult for them to control it as they want it.
What do you mean they 'can't ban it'?
All any government needs to do, is to make it illegal for any of it's citizens to transact in Bitcoin, and prohibit their financial system from servicing organisations who are involved in the exchange of Bitcoin to fiat currency. Sure, as with illegal drugs, the population will still be able to get access to Bitcoin should they really want it, but why would they want it if they are living in an economy in which Bitcoin was total taboo?
What are you talking about, govts hate bitcoin? Pretty sure if they did, they would ban it. They know about it, and they haven't banned it. That means that they don't hate it. What nations govt are you talking about any way?
They hate (or dislike) it because they don't have control.
They can't ban it, and they know it. Because they aware of that, they are going to live with it, but don't know exactly how to deal with it.
They have laws about taxing/money laundring/etc. but it's very difficult for them to control it as they want it.
Of course, bitcoin will stay alive. We undoubtedly need much more people investing to achieve any type of mainstream adoption, though. Unfortunately, the block size debate rumbles on & on but once it's been resolved we'll at least be ready & prepared for increased adoption.
I too believe that bitcoin will stay alive because people love this technology but government hates or they are against bitcoin and other such coins because its not totally legal as there is no central agency to control the flow of money. But very recently Our nation's government had alerted bitcoin user and told its user should use bitcoin with our own risk.
What are you talking about, govts hate bitcoin? Pretty sure if they did, they would ban it. They know about it, and they haven't banned it. That means that they don't hate it. What nations govt are you talking about any way?
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