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Quote from: UCHCHILD on March 23, 2017, 12:28:01 PM

Bitcoin is not far from it.
Though it needs more improvement yet it has a great chance to be one world currency or money in no time.

I can see too that bitcoin will be the next generation of money. Since we are already starting it and the price of it seems to be good already and many people are already using it. There's one more thing left that bitcoin should be furnished and good to go when the gov't started to realize that this will be one of the best investment and currency.

I think its far from reality. Bitcoin can be far from being a money but instead it can be a good means of transacting it in the near future. But the idea of having bitcoin as money is believed by many to happen but in my case its way too far and impossible.

It is far from reality but there's a chance for it. But as of now everything seems to be dropping just like what happened to bitcoin way back years ago. And if people are going to engage with this currency for sure many are going to suggest that all stores should adopt bitcoin instead because this is good for covering your identities

Which years ago are you talking about?

Bitcoin flash crashed down to 750 dollars per coin just a little over 2 months ago. Right now it is still trading above 900 dollars, and it seems that we are not going to fall substantially below that. Anyway, however low the price might go this time, it will most likely turn out beneficial for Bitcoin in the long run since there will be a good push toward changing things in Bitcoin. These changes are due and long overdue, but while prices had been consistently rising, no one seemed to care and nothing had been done to mend the issues which Bitcoin gathered during the last years

I'm talking about the bull run that happened that a few years ago base on the charts. Thanks for your opinion that bitcoin isn't going to substantially below that. I'm expecting that the price is going to become lower than $800 or even hit $700 but much better if the price is going to pump after this disaster because of different issues

What bull run do you refer to specifically?

If you refer to the Mt. Gox affair in November-December 2013 and early 2014, this was obviously not a bull run. This was a severe market manipulation primarily because all trading back then had been going at just one exchange. Basically, the price quotations were fake there which has nothing to do with free market due to the lack of such in those days. This is no longer the case today, so things can't possibly develop along the same path. But that doesn't of course mean that prices might not fall down dramatically. You seem to be fear ridden right now, right?

Upon checking the charts probably I treated that incident as a bull run, though if you say so that it isn't well it's good and thanks for it. Yeah man, actually I'm having a fear right now though I don't have choice but to keep on trusting and holding what I've got and will just apply the belief that bitcoin is going to be the next generation of investments and digital currency.