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In future will the banks be able to exchange bitcoins?
Now we are exchanging from traders...but when (if) the popularity of bitcoin increase a lot then the traders will not be able to exchange such amount of bitcoins...so what about the future of bitcoin?
The future of bitcoins is clearly bright because it is starting to emerge and being used by different kinds of people. It is also accepted by different companies when in terms of mode of transactions. Now we are exchanging from traders...but when (if) the popularity of bitcoin increase a lot then the traders will not be able to exchange such amount of bitcoins...so what about the future of bitcoin?
So Bitcoin's market dominance in the cryptocurrency world is currently at the lowest level ever with 36.1% of the total value.
In my opinion, it's because the interest in alternative coins is rising rapidly for one, but you also have to consider how much of the bitcoin world is criminal. Seriously, for the first 5-8 years, the digital currency was mainly used as a means for criminals to launder money and sell illegal goods on the dark market. Think of all the massive hacks in the early days also, and all those darknet markets that disappeared with huge amounts of bitcoin.
Literally millions and millions of the 16 million coins out there would be owned by criminals. And now with bitcoin becoming more centralized and less anonymous, they are swiftly exiting the market and looking for alternative dark coins.
I also personally avoid using bitcoin all-together because of the extremely slow transaction speeds and high cost's associated with it.
The bitcoin mining business is dust, so that interest will die quickly.
I just don't see a very bright future for the god of cryptocurrency and it will surely be surpassed by one of its rivals soon enough.
I'm torn between predicting it to be Dash, or Ethereum, and I recon it could be about 2 years before that happens.
Would love to know peoples thoughts on the future of bitcoin.
Where will bitcoin be in
2 weeks?
2 months?
2 years?
Will it be surpassed by another coin? If so, which one and when?
I personally think that the future of bitcoin will be so bright because it will be used and accepted widely by people on different countries. Consumers will eventually use it as a mode of transactions. In my opinion, it's because the interest in alternative coins is rising rapidly for one, but you also have to consider how much of the bitcoin world is criminal. Seriously, for the first 5-8 years, the digital currency was mainly used as a means for criminals to launder money and sell illegal goods on the dark market. Think of all the massive hacks in the early days also, and all those darknet markets that disappeared with huge amounts of bitcoin.
Literally millions and millions of the 16 million coins out there would be owned by criminals. And now with bitcoin becoming more centralized and less anonymous, they are swiftly exiting the market and looking for alternative dark coins.
I also personally avoid using bitcoin all-together because of the extremely slow transaction speeds and high cost's associated with it.
The bitcoin mining business is dust, so that interest will die quickly.
I just don't see a very bright future for the god of cryptocurrency and it will surely be surpassed by one of its rivals soon enough.
I'm torn between predicting it to be Dash, or Ethereum, and I recon it could be about 2 years before that happens.
Would love to know peoples thoughts on the future of bitcoin.
Where will bitcoin be in
2 weeks?
2 months?
2 years?
Will it be surpassed by another coin? If so, which one and when?
Re: How long Bitcoin can survive in cryptocurency industry ?
Bitcoin is the most famous and the no one crypto currency today. It hold the highest market cap in crypto industry. Also it use very advanced and secured technology, Block chain to operate. Lots of people's use bitcoin as a investment factor. This cause to maximize the capital of Bitcoin. But how long Bitcoin will survive in this industry ? Because lot's of government try to manipulate and control the crypto currency industry via introducing new regulation. As a country some one can do vast harm to bitcoin. We saw some of in past. If Bitcoin fail in this industry it will be a biggest financial crisis in this century.
I think it will survive for a long period of time as long as people continue to like using bitcoin, as long as it is efficient and effective for the people in the bitcoin community it will be alive and be used widely. For a long time, now the political elite and the leaders of the Vatican have been looking for a world government and currency,
I do believe that bitcoin is a part of financial future and great way to become an investor, but I have doubts that it can possibly replace traditional money or become world currency.
What are the possibilities and stopovers??
I think being used as a world currency is too big to achieve because there is a current big currency which is dollars that is currently used all over the world as main basis. Replacing it with bitcoins is too big. I do believe that bitcoin is a part of financial future and great way to become an investor, but I have doubts that it can possibly replace traditional money or become world currency.
What are the possibilities and stopovers??
Hello,
Im new in crypto and have a question (a stupid one).. I never really gave it much though and now i wonder.
Is price of bitcoin so high (compared to altcoins) because it is so much superior or is it just because it is THE coin - the original one.
Cheers
Bitcoin's price is too high because of the demand it has. People are liking and buying bitcoin too much that is why the price is being sky high. Im new in crypto and have a question (a stupid one).. I never really gave it much though and now i wonder.
Is price of bitcoin so high (compared to altcoins) because it is so much superior or is it just because it is THE coin - the original one.
Cheers
At the moment I prefer Bitcoin, but I am looking for an alternative. Can anyone suggest me some alternative cryptocurrencies except Bitcoin ?!
P.S: I'm so sorry if I post this in the wrong board but I don't know what is right board for this question. If I post this in the wrong board, please move it to the right one, thank you.
Ofcourse i will choosie bitcoin because it is the most volatile and well known cryptocurrency. It is also widely accepted by many people so it will not be hard to maneuver. P.S: I'm so sorry if I post this in the wrong board but I don't know what is right board for this question. If I post this in the wrong board, please move it to the right one, thank you.
will this year be the same as last year's year after the Chinese New Year's celebration of the bitcoin price rises again and even exceeds the previous high, I expect bitcoin to rise from this decline, and we as users should be able to keep the price in the way we do not panic at seeing a price drop because this is all just a matter of time
can bitcoin rise after the turn of the new lunar year later?
I think it is the best strategy to do in bitcoin. Since the price is uncertain, it will be a great strategy to catch the perfect timing in selling or buying bitcoin. can bitcoin rise after the turn of the new lunar year later?
With the development of cryptocurrency, more and more places accept bitcoin. In the future, will paper money disappear, and the money that people earn will be given to you in encrypted form, and the purchase will be paid in encrypted form?
Please give your opinion.
I don't think it will ever disappear because it is the default mode of transaction. It is so wide that it wouldn't be changed easily. It may but it will take a long long time before that happens. Please give your opinion.
Some people invest some if not all of thier asset in bitcoin. They are lured by its growing up value its equivalent to fiat currency but is bitcoin really safe and secure.? What do you think.,
It is really safe and secure because it has different programs not easily be hacked but ofcourse it is based on how you manage your coins and not really be fooled by hackers. i like it a lot because this crypto i change how to make study hard.. like when im schooling before, and now same crypto before you move forward in all coin make sure study first. in crypto i make profitable income he even not much. also all ico token its like a lot also they also make your profit if you joined thier project.
Yes i really like crypto coin. Everybody likes anything that gives too many advantage to people and in that case, crypto is a big check on that. It is efficient and profitable. It is also safe and knowledgeable. I mean, what's not to like? Bitcoin price is getting down just like ski slop!
Is bitcoin over? do you think bitcoin will recover their price?
I'm afraid, I lost my everything almost 2million....
I don't think bitcoin will end just that quick. It had built a very strong foundation by people who believes in bitcoin. It has many investors so although it has low values a couple of times it will not be over too soon.Is bitcoin over? do you think bitcoin will recover their price?
I'm afraid, I lost my everything almost 2million....
Here is a 3 Reason why Bitcoin is still good for Investment.
1. Bitcoin is Better Investment now than it was in December
the Main Reason for this is the Technology Around bitcoin is improving. A lot of the Naysayers were Attacking the fact that Bitcoin has scalability issues
saying that Bitcoin is Expensive and it can never be in world Scale.
But now with the Lightning Network we can do a transaction Off the Blockchain "it Means Bitcoin is Officially Off the Chain".
2.Because It has A Regulations
Regulations are good to Bitcoin.
3. There are more Places than ever to buy Bitcoin in using Fiat Cash
Robin Hood, a stock trading Platform.
Source: EBIT NEWS
By the Tradition media mentioning Cryptocurrencies Everyday
Makes me believe that Bitcoin is going to continue to rise even though we are still on the Deep .
Bitcoin will always be a good investment because it ensures that you will profit from it whether the price is high or low. It is also accepted by many people so it is no doubt a good investment in any point of time. 1. Bitcoin is Better Investment now than it was in December
the Main Reason for this is the Technology Around bitcoin is improving. A lot of the Naysayers were Attacking the fact that Bitcoin has scalability issues
saying that Bitcoin is Expensive and it can never be in world Scale.
But now with the Lightning Network we can do a transaction Off the Blockchain "it Means Bitcoin is Officially Off the Chain".
2.Because It has A Regulations
Regulations are good to Bitcoin.
3. There are more Places than ever to buy Bitcoin in using Fiat Cash
Robin Hood, a stock trading Platform.
Source: EBIT NEWS
By the Tradition media mentioning Cryptocurrencies Everyday
Makes me believe that Bitcoin is going to continue to rise even though we are still on the Deep .
Now a day bitcoin is more popular all over the world, several people makes bitcoin as a source of everything either ordinary or riches people. They use bitcoin to help theirselves and others, but if you will be given a chance to have 10 Btc would you think can you give some Btc for those who belongs to indigenous peoples including charities?
Share your thoughts.
Thank you.
Bitcoin's value is uncertain so it is hard to be donated in a charity because you will never know if it will help or not. Besides, bitcoin gives big profit but I think the capability of giving is based on the status one have. If you have a lot of money then go, if not, it gives no harm to think of yourself first. Share your thoughts.
Thank you.
So my question is.
Are you investing into Bitcoin purely as a investment?
Or are you investing because you believe in Bitcoin and the technology?
Back when Bitcoin started i feel people invested, because there believed in it, and wanted to see it change the world.
Now days i feel people only look at it as a way to make money, and don't really care about the future of it.
Whats peoples thoughts?
I am investing in bitcoin because it gives big opportunity to people who is willing to trust its capability. Besides, bitcoin is very helpful when it comes to transaction or mode of payments because some accepts it as payment.Are you investing into Bitcoin purely as a investment?
Or are you investing because you believe in Bitcoin and the technology?
Back when Bitcoin started i feel people invested, because there believed in it, and wanted to see it change the world.
Now days i feel people only look at it as a way to make money, and don't really care about the future of it.
Whats peoples thoughts?
Im wondering what are the advantages of bitcoin than any other coins? I have been using bitcoin for almost 2 months already and I still dont know what its advantages. Please share your thougths.
There are numerous advantages bitcoin has to offer. Since it is the father of all coins, it has some priveleges that we can enjoy. It is also knowledgeable and profitable. With the price starting to creep up again do you think it's a good time to start selling some of my investments or do you think it's worth holding on for a while longer?
We all know how temperamental the market can be but do you think this is just a short term spike?
As of this moment, i think it is better to hold your coin first because the value of bitcoin is now low and it is not ideal to sell it. Being here in this community requires being smart on money and how you manage it for you to become successfulWe all know how temperamental the market can be but do you think this is just a short term spike?
Will Altcoins survive as bitcoin is going higher and higher and the demand is getting increasing every day, what will happens to altcoins
I think altcoins will definitely survive. It has been surviving for many years now and has high potential on different things. It is not mainly a competitor of bitcoin because it has variety of uses compared to bitcoin.Many people say that you should work hard if you want to succeed in life and rise to riches. I'd rather say that working hard will only make your boss richer, not yourself. On the other hand, there is an age-old adage which says that you should be working smarter, not harder. But working smarter is a vague idea, and I'm interested to hear what people have to say on this topic. As far as I'm concerned, I think that working smart comes down to creating environment where you will have more chances to meet Lady Luck smiling at you, where you will be able to hit a lucky strike because luck plays an ever-important role in our lives. For example, if you want to find a date to have a romantic relationship with or you are looking for a one-night stand only, you will go to a beach or a bar since your chances are higher there, right? The same approach seems to be applicable to work as well. In other words, stick around the places where your chances of success are the highest.
So share your opinions here, guys. What is your practical take on working smart?
Below I will be posting replies which I consider most relevant, revealing and insightful on the topic discussed.
You have a point man. Actually I have been hearing this sort of argument even when I was still a child. My father will always tell us to work smart, and make money out of money. And when I grow up, I did work hard, but I later realized that I don't want to be worker that long. I need something to help me became financial stable in the future. So I decided to quit my job, put my offline business. Although I still need to wake up early and oversee everything, I did enjoy what I'm doing and the best thing, I'm the boss. LOL. But there's some kind of element in luck as well. I don't know but I felt that I'm just lucky because suddenly I gain financial freedom and then when I discovered bitcoin, it give me another leeway, more funds for me to channel to my business. So I say that you have to make the right decision + element of luck = success in your life. You have to be in the right place at the right time.
Even when we have heard several talks about working smart, but a lot of people are still work hard thinking that someone will have to teach them to work smart or they are thinking they are working smart. Quite a number of times, I am always taken aback when I begin to imagine what people spend their time on to earn money, struggle, use their strength but nothing to show for it while they are left with no other option than to believe in miracles in other to come out of penury. However, working smart is not something that falls on you or easy to come by, rather its a conscious effort to break away from the shackles of poverty with constant research and education, you are sure to work smart and be financially independent.
I will try to explain the difference between working hard and working smart using an example from software development. Let's assume you have a large set of data which you should sort (arrange elements of the dataset in a certain order). You can take a naive approach and use a bubble sort algorithm which is devastatingly slow. Or you can use something like the quicksort algo which is extremely fast. In the end you will get the same result but times spent will be strikingly different. Now you can try to apply this example to real life.
I see your point and I don't particularly disagree with it. But I didn't mean you should rely on or hope for luck alone. You can continue to work hard for your boss as always and still be looking for an opportunity or chance to change your life dramatically to the better. Let's loosely call that working wise. Basically, all I wanted to say was to emphasize that you shouldn't discard or write off the importance of luck completely. Ignoring a stroke of luck when it happens all of a sudden against all odds would be the most foolish idea that you will likely regret for the rest of your life. In this manner, it makes sense to work toward increasing your chances of meeting Lady Fortune one day. For example, if you want to be romantically involved with someone, it means visiting places where your chances of starting a romantic acquaintance are the highest.
I think it is better to work smart because life is all about resourcefulness, on how you finish the task smartly. for example, i saw a picture last week about working hard vs. working smart. a cube should be moved to the other side of the path and the other person pushed it towards the path, the other carved it into sphere so it will be easily pushed. In that way he reduced effort and time on doing the work. With that, you will have more time and energy to do many things. So share your opinions here, guys. What is your practical take on working smart?
Below I will be posting replies which I consider most relevant, revealing and insightful on the topic discussed.
...
You have a point man. Actually I have been hearing this sort of argument even when I was still a child. My father will always tell us to work smart, and make money out of money. And when I grow up, I did work hard, but I later realized that I don't want to be worker that long. I need something to help me became financial stable in the future. So I decided to quit my job, put my offline business. Although I still need to wake up early and oversee everything, I did enjoy what I'm doing and the best thing, I'm the boss. LOL. But there's some kind of element in luck as well. I don't know but I felt that I'm just lucky because suddenly I gain financial freedom and then when I discovered bitcoin, it give me another leeway, more funds for me to channel to my business. So I say that you have to make the right decision + element of luck = success in your life. You have to be in the right place at the right time.
...
Even when we have heard several talks about working smart, but a lot of people are still work hard thinking that someone will have to teach them to work smart or they are thinking they are working smart. Quite a number of times, I am always taken aback when I begin to imagine what people spend their time on to earn money, struggle, use their strength but nothing to show for it while they are left with no other option than to believe in miracles in other to come out of penury. However, working smart is not something that falls on you or easy to come by, rather its a conscious effort to break away from the shackles of poverty with constant research and education, you are sure to work smart and be financially independent.
What do you mean by working smarter?
I will try to explain the difference between working hard and working smart using an example from software development. Let's assume you have a large set of data which you should sort (arrange elements of the dataset in a certain order). You can take a naive approach and use a bubble sort algorithm which is devastatingly slow. Or you can use something like the quicksort algo which is extremely fast. In the end you will get the same result but times spent will be strikingly different. Now you can try to apply this example to real life.
I don't think that relying on luck is smart. It is truly risky. I think that smart work is rather about thorough development of the ideas, high level of rational success predictability, not luck attraction.
I see your point and I don't particularly disagree with it. But I didn't mean you should rely on or hope for luck alone. You can continue to work hard for your boss as always and still be looking for an opportunity or chance to change your life dramatically to the better. Let's loosely call that working wise. Basically, all I wanted to say was to emphasize that you shouldn't discard or write off the importance of luck completely. Ignoring a stroke of luck when it happens all of a sudden against all odds would be the most foolish idea that you will likely regret for the rest of your life. In this manner, it makes sense to work toward increasing your chances of meeting Lady Fortune one day. For example, if you want to be romantically involved with someone, it means visiting places where your chances of starting a romantic acquaintance are the highest.
Re: I want a long term investment what s the best choice for now?
I want a long term investment what s the best choice for now?
And thank you for ur help
I think still the best choice it bitcoin. It is worth the investment because it is reliable and many people welcome and accepts it so there will be no problems of ban or anything. It is also proven and tested by many users. And thank you for ur help
What do.think will happen to crypto currency year form now? Will it be legalized? Will be banned by some? Will it be controlled by the government?
I think it will continue to prosper and be popular as it is now. I also think there will be different ways of acceptance in different parts of the world. some will accept it some will ban it. It depends on point of views.