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    Author Topic: What's stopping people from using bitcoin?  (Read 202202 times)
    dligman82
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    July 08, 2016, 03:56:27 AM
     #2841

    I think that BTC is still a relatively young currency.  It takes time for people to collectively build up enough trust in a currency.  It probably takes about 10 or more years for this to happen.  I think that if our current global financial crisis continues to worsen, more and more people will turn to bitcoin.  As a forex trader I can attest that BTC/USD is already a viable trading option even though it is less liquid than the other currencies.  There are so many advantages of BTC over the USD that I don't see why it wouldn't continue to increase in value.

    Also, even when BTC reaches its maximum volume, BTC subdivision will continue and miners will be rewarded via transaction fees in a highly competitive market.
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