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BITCOIN DEAD ¿?

CoolKimOne
Oct 08 2017 at 06:17
12 postów
Bitcoin is way too risky for me. Would never deal of trading it

leo23
Oct 08 2017 at 06:20
566 postów
mlawson71 posted:
leo23 posted:

It is possible that every country, every community and every company can have their own cryptocurrency of their own.


That is indeed possible, but I am not sure whether it will occur in the next twenty years. People can be very conservative when it comes to money.

Twenty years is a very long time. I expect this to happen much earlier because of 2 fundamental reasons:
1.Economic collapse in many countries due to which people will not trust the current economic system and current government and will definitely search for alternate ways to store value and transfer value with each other. That is exactly why Bitcoin was developed and that's why it succeeded so much so far.

But of course since cryptocurrencies are based on new technology and decentralized and hence, many people will be conservative too. The cryptocurrency prices should maintain a stable price range like the fiat currencies to do daily transactions.

2.Another reason is due to the rapid exponential growth of science and technology. I am sure that after 10 to 20 years no one will be writing posts and comments in forums or website at least the way we are doing now and the whole world will be completely different the way everything works now and hence, financial system will be the first to be changed where cryptos will take the lead.

Artificial General Intelligence
togr (togr)
Oct 08 2017 at 06:23
4862 postów
MIII posted:
wortrader posted:
This is only fanatic mania. Nothing like invest... bitcoin explode and fall back in 200 usd value. running only from stupid people what buy it. i can be wrong ofcourse.


many of those stupid people are now multi millionaires.....with 200 usd 😎


The guy who got first 10,000 BTC bought 2 pizzas for that.
Was he an idiot? Nope he was bad trader as majority of traders he did not evaluate the assests he has got.

---

Bought on 22nd May 2010 by Laszlo Hanyecz, the programmer paid a fellow Bitcoin Talk forum user 10,000 BTC for two Papa John’s pizzas. Back then – when the technology was just over a year old – that equated to roughly $25, but is $5.12m by today’s exchange rate.

At bitcoin’s all-time high last December, the pizzas would have been worth an eye-watering $40m, making them likely candidates for the most expensive pizzas of all time.

Now widely recognised as the first real-world transaction with bitcoin, May 22nd has come to celebrate 'Bitcoin Pizza Day', with cryptocurrency enthusiasts raising a slice to Hanyecz’s infamous hunger pangs that paved the way for early merchant adoption.

TraderDan
Oct 08 2017 at 06:41
2 postów
I wish I had bought 250 @ $4 six years ago, when everyone knew it was a scam and dying.

mlawson71
Oct 08 2017 at 12:52
1487 postów
leo23 posted:
mlawson71 posted:
leo23 posted:

It is possible that every country, every community and every company can have their own cryptocurrency of their own.


That is indeed possible, but I am not sure whether it will occur in the next twenty years. People can be very conservative when it comes to money.

Twenty years is a very long time. I expect this to happen much earlier because of 2 fundamental reasons:
1.Economic collapse in many countries due to which people will not trust the current economic system and current government and will definitely search for alternate ways to store value and transfer value with each other. That is exactly why Bitcoin was developed and that's why it succeeded so much so far.

But of course since cryptocurrencies are based on new technology and decentralized and hence, many people will be conservative too. The cryptocurrency prices should maintain a stable price range like the fiat currencies to do daily transactions.

2.Another reason is due to the rapid exponential growth of science and technology. I am sure that after 10 to 20 years no one will be writing posts and comments in forums or website at least the way we are doing now and the whole world will be completely different the way everything works now and hence, financial system will be the first to be changed where cryptos will take the lead.


Regarding your first point, I think that 20 years may seem like a long time from a human point of view, but from a historical point of view that period isn't that long at all. Also, so far we haven't headed toward such a massive global economic collapse. Then again, weirder things have happened.

Regarding your second point, I actually agree.

SAFXEater
Oct 10 2017 at 14:44
15 postów
Cryptos will never take the lead because if they ever start to become mainstream then governments will start imposing huge regulation on them

leo23
Oct 11 2017 at 06:22
566 postów
SAFXEater posted:
Cryptos will never take the lead because if they ever start to become mainstream then governments will start imposing huge regulation on them

The main reason why cryptocurrencies become popular is because goverments can never regulate cryptocurrencies. If you are considering regulating the crytpocurrency exchanges, then note that cryptos can be bought and sold by cash as well. So the government has to ban all the fiat currency notes from the country. Or they have to shutdown the internet entirely to regulate cryptocurrencies.

But my point is what if there will be no government in a country. Someone may laugh at it as how is it possible to run a country without a government, but that's the goal of cryptocurrencies is to eliminate goverments as well as banks and remove regulations on money transactions.

Artificial General Intelligence
BaldoN (BaldoN)
Oct 11 2017 at 14:56
522 postów
It is just another marker. Everybody is trading as per his/her own point and understanding and just the level of the equity will show him/her the true :)

AlexanderPetrex
Oct 12 2017 at 06:40
5 postów
CoolKimOne posted:
Bitcoin is way too risky for me. Would never deal of trading it

Don't think BTC too risky because it is based on blockchain concept & it is going to revolutionize the world transactions
& now Big news is BTC is just 1 trading session away to touch $5000....Read Here.. https://goo.gl/qQpNv5

leo23
Oct 12 2017 at 07:04
566 postów
AlexanderPetrex posted:
CoolKimOne posted:
Bitcoin is way too risky for me. Would never deal of trading it

Don't think BTC too risky because it is based on blockchain concept & it is going to revolutionize the world transactions
& now Big news is BTC is just 1 trading session away to touch $5000....Read Here.. https://goo.gl/qQpNv5

Correct...

By the way, BTC already reached 5000 USD last time before the big drawdown. My nearest target is 6000 USD.

Artificial General Intelligence
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