Post
Topic
Board Bitcoin Discussion
Re: The future of Bitcoin
by
AfterTheFork
on 02/03/2018, 10:14:43 UTC
Bitcoin will not last forever
I predict Bitcoin will not be able to compete with fiat currency that has been widely circulated among all the people of the world, not a guaranteed value of the Bitcoin makes the price move is not fair. In my opinion, the increase in the value of Bitcoin significantly in recent times due to the act of the speculators that applies in a very irrational, it can happen even in economics assumed all humans are rational beings. This is because there is a psychological side of human in making decisions, in this condition will continue to act greedy speculators in
  profit-taking but forget to pay attention to the fundamentals of Bitcoin itself, the attitude of the Chinese Government against Bitcoin should be
wake up call for the speculators to stop pursuing profits from this trade. Although the existence of Bitcoin will not last long, but this situation should the financial institution's need to realize that the increasingly dynamic society requires a more dynamic pattern of transactions anyway, and one way to produce a more dynamic transaction system is to use electronic money or e money
. Unlike the virtual currency , This commodity is money fiat currency is converted in the form of non-cash or less cash
  addition will facilitate economic activity will also encourage greater economic growth as a result of the circulation of money faster....


A very interesting school of thought here, just like every other technological innovation, BTC was first rejected by many and was considered a scam, moving forward, its success and valuation has attracted more investments so much that even the doubtful ones silently joined the bandwagon. BTC may not stay top forever but it will always have value. Has anyone ever considered a possibility that the Chinese government only banned BTC to give NEO a chance to grow?