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Topic: what happened to Bitcoin and cryptocurrency? (Read 1112 times)

Casdinyard

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Re: what happened to Bitcoin and cryptocurrency?

November 14, 2020, 05:52:30 PM

#81

Quote from: kevinzxz on November 06, 2020, 06:34:50 AM

would Bitcoin and cryptocurrency survive? or even Bitcoin and cryptocurrency will become legal too?

It's legality depends to the policies within the region or country. Bitcoin will still survive, I guess. There are many cryptocurrencies having the same feature as with Bitcoin but why is it still on 'top' of this industry? probably because of its wide range of users across the globe. It has a large community of users. There are many people supporting this crypto simply because they see something in this crypto which is not existing in other cryptos. The advantage of Bitcoin over those cryptos which will be made by countries? Decentralisation and volatile market value. These two are the main things. Ofcourse those cryptos to be made by governments won't be decentralized in the first place. Value will be fiat based so there will be a sort of stability which will not generate profit as an investment. It will be more used as a currency and given how many digital currencies being used, to what extent will it be more recognizer unlike with Bitcoin?

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carlisle1

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Re: what happened to Bitcoin and cryptocurrency?

November 14, 2020, 08:46:26 PM

#82

Quote from: kevinzxz on November 06, 2020, 06:34:50 AM

I always think if a big country like America or China makes their own digital currency and has the same system as Bitcoin (develops its own blockchain system), then the digital currency of that country is recognized as a legal digital currency and is used for digital transactions by all countries, then I thought what would happen to Bitcoin and cryptocurrency, would Bitcoin and cryptocurrency survive? or even Bitcoin and cryptocurrency will become legal too?

What you have mentioned are strong and largest countries meaning this is not represented the whole world so
then why so bother about the whole market?those countries are big but they are not enough to hinder and stop this market.

yeah I also think of that things sometimes but after analyzation how blockchain is helping and initializing the cryptocurrencies towards
favoring the users?
sooner whole world will be for crypto and fiat will be secondary for all our transactions.

Bitcoin will surely survive,we have been here for more than 10 years and will be staying for another 10 and more.

ChiBitCTy

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Re: what happened to Bitcoin and cryptocurrency?

November 14, 2020, 09:39:41 PM

#83

China recently released their own form of cryptocurrency. If the United States were to ever do so, I would imagine it would look very similar to the currencies that China issued. They are centralized coins, where the government can completely control it unlike bitcoin, which is decentralized. This is the major difference here and why bitcoin and other crypto coins would survive just fine.

mezzaluna

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Re: what happened to Bitcoin and cryptocurrency?

November 16, 2020, 04:37:21 PM

#84

Quote from: kevinzxz on November 06, 2020, 06:34:50 AM

It would be possible that they would create their own Cryptocurrency but it would take time before it can take over or even surpass Bitcoin. It would also attract flak from different countries because it would be possible for multiple countries to want their own Cryptocurrencies but people know that it is not possible. One good thing that they can do is further develop existing Alternate Cryptocurrencies that have potential.

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Zanab247

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Re: what happened to Bitcoin and cryptocurrency?

November 16, 2020, 07:03:59 PM

#85

Bitcoin is a decentralized currency, that is not remote by the government or any body in the country. Even though any country do anything to improve their currency to devalue bitcoin it will hard for such thing to happen to bitcoin. During pandemic bitcoin show to the world that with time digital currency will be the best among other cryptocurrencies. Bitcoin price is rising in the market while cryptocurrencies are reducing day by day in the market that is making some investors wondering how powerful bitcoin stand in the market.

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taufik0911

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Re: what happened to Bitcoin and cryptocurrency?

November 17, 2020, 02:02:50 PM

#86

whether or not bitcoin is legal in a country is the country's policy because the country needs to calculate the use and circulation of money in that country to prevent inflation or deflation
when a country creates its own digital money using blockchain it will not have a big effect on bitcoin or altcoin because the money they print also shows the underlying gold is different from bitcoin
without the underlying, it is possible that the country could be in crisis

mung_nasib

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Re: what happened to Bitcoin and cryptocurrency?

November 21, 2020, 01:30:02 AM

#87

often developing technology systems I am sure Bitcoin will continue to be known throughout the world one of the driving factors because bitcoin can be used to make transactions quickly and is definitely able to save time efficiently.

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gurjasmeetsingh

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Re: what happened to Bitcoin and cryptocurrency?

November 21, 2020, 06:42:10 AM

#88

I think there is no need to become legal. Because bitcoin has already much more popularity in the market. Nowadays the price of btc growing up & who have buy the btc in the past, they have get much more earnings & enjoy their life.Think if the big countries will legalize crypto currency then people attracted this currency. Although many countries had already legalized the currency to gain more revenue to progress & wants to brand name of their country in the world.

mikelpol

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Re: what happened to Bitcoin and cryptocurrency?

November 21, 2020, 07:54:05 AM

#89

Bitcoin has been around for a very long time and it has not yet been made legal, because nothing will change from this. It is difficult to control it and even if it is recognized as illegal, it will still be used.

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kentrolla

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Re: what happened to Bitcoin and cryptocurrency?

November 21, 2020, 09:54:30 AM

#90

BTC doesn't need any consideration it has already became popular people have been crazy on this digital currency because of its volatility hundreds of people became millionaires and more to come, I agree that if countries like American and China make their own coin it will surely affect BTC but that doesn't mean BTC will become zero.

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Re: what happened to Bitcoin and cryptocurrency?

November 21, 2020, 03:08:58 PM

#91

Even if big countries like America and China develop their own blockchain systems in the future by creating their own digital currencies, I don't think it will be able to challenge Bitcoin or other cryptocurrencies. Because if they have their own currency, it will be centralized, they will be regulated by law; Bitcoin or other cryptocurrency, on the other hand, is decentralized, not regulated by any particular country or by any law, so people have more confidence in it. Even then, if their digital currency comes into the crypto world, I think it will be the same as other cryptocurrencies, including the current USDT in cryptocurrency with Bitcoin, which will not harm Bitcoin or other cryptocurrencies.

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bandungan

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Re: what happened to Bitcoin and cryptocurrency?

November 21, 2020, 04:25:12 PM

#92

Quote from: kevinzxz on November 06, 2020, 06:34:50 AM

There have been many plans from several countries that want to legalize bitcoin, this might be a positive side that digital currency will be recognized and easily recognized by the wider community, but this discourse always gets pros and cons. but there may be policies or regulations so that the digital currency can be legal in each country

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Re: what happened to Bitcoin and cryptocurrency?

November 21, 2020, 04:59:48 PM

#93

In my opinion Bitcoin or other crypto must be survived in that day. Because a lot of or huge population are fan of Bitcoin or used it in many site. If the big country make their own digital currency then Bitcoin or other crypto price may be down but not sure. May be no impact will fall in Bitcoin. Because the government make the same digital currency that he make now. Now the Money is making by paper. In the future they will make money in digital system. This is the only difference i think.

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iamylee

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Re: what happened to Bitcoin and cryptocurrency?

November 21, 2020, 11:29:50 PM

#94

It has already existed for 12 years and has not only a dedicated investor base but also an immense development community. While there are some concerns regarding what might happen to Bitcoin mining when quantum computers become available to the average joe, the fact of the matter is that the development community can and will find a way to mitigate against any issues quantum mining may bring. With the last Bitcoin set to be mined in 2140, it doesnt look like it will be going away anytime soon.

vintagetrex

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Re: what happened to Bitcoin and cryptocurrency?

November 22, 2020, 02:21:13 AM

#95

the development was good. blockchain as a tech gained a lot of support from both open source and investment communities. then suddenly, around 2016 presidential campaign, all lead developers and militancy appeared to vanish. now many "mom and pop" investors, moderates, etc. are all thats left of satoshi's initial works.

SmokerFace

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Re: what happened to Bitcoin and cryptocurrency?

February 16, 2021, 04:21:41 AM

#96

People won't believe in new currencies, instead, they'll use bitcoin and blockchain technology.
Everybody realizes that bitcoin and digital money are profoundly unstable and there's no possibility for controlling them while the government has the ability to control other currencies.
People never gonna involve with such currencies which can be controlled by their legislature. It's been 10 years and bitcoin is still unbeatable.
Just forget about "big countries making their own currencies" and focus on bitcoins.

oemar bakrie

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Re: what happened to Bitcoin and cryptocurrency?

February 16, 2021, 05:43:36 AM

#97

maybe bitcoin and other cryptos will follow the law in the country, because it is seen from the age or fame that bitcoin was the earliest and the wider community understood bitcoin more..but we'll see how the next development ..

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