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Author Topic: Has Btc become the ultimate currency, Or there is fears about Btc success?  (Read 3412 times)

Offline Noverteno

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No bitcoin will not overtake the fiats, I'm sure some people will not use bitcoin because you know the transaction fee is so high.. Are you willing to pay the transaction fees? and I think the government would not allow that bitcoin will replace fiat money.
It's right. Bitcoin has not yet become massively used as a means of payment and, most likely, this will never happen. It can still be considered its main currency in El Salvador, but we do not yet know how this experiment will end. So far, I was of the opinion that cryptocurrency can only be used along with national money, but not replace it. Let's see how events with their means of payment will continue to develop in El Salvador.

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Offline Cryptoz

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What do you mean by ultimate crypto? There is no guarantee of success in crypto although it is the best crypto coin. Be successful or not, it depends on the way investing or trading our BTC. That's why we must have sufficient knowledge about investment or trading in crypto. If we have it, we can optimize the chance to succeed.
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Offline Suma Islam

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Bitcoin is a solution to make it easier for us to make transactions, especially during the Covid-19 pandemic conditions like today, Bitcoin should be used as a substitute for Fiat, but unfortunately there are still many obstacles that Bitcoin must fight, especially bans from the government.
Cryptocurrency community wants Bitcoin to be accepted as a payment system but government doesn't want Bitcoin to be used because of the increasing circulation of paper money less, this's always a debate among government members because no institution can control Bitcoin, it is ironic to see that because they are only interested in blockchain technology, but they reject Bitcoin.
We can be patient and wait for several countries to accept Bitcoin so that in the future the transaction system will be more transparent without any control from 3rd parties

The resistance toward bitcoin on the part of authorities, as you have mentioned, is that they don't control it. To use bitcoin as money, it would force governments to actually have sound monetary policy rather than printing as much as they want and need chucking the bucket of ever-increasing debt further down the line.
BTC has become the ultimate currency, or there are fears about BTC success. Bitcoin Receives Bitcoin has been legalized in most rich countries. Because of this many countries think that bitcoin has become a currency in their country. What can be done with the currency of a country can be done with this bitcoin. This bitcoin acts as a currency for buying and selling anything.

Offline CryptoStar19

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I believe at this point the only justified fear about bitcoin should be the fear of missing out. :-)

Offline mlawson71

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You don't think the fear of being scammed or hacked or anything of that sort is justified?

Offline msz900

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You have to be careful regarding cryptocurrency or can also mix it with fear because the crypto market is not stable like the Forex market and the single up's in the market can make you rich or the single downs can make you cry.
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Offline kent47400

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The success of BTC is due to the existence of a very super power community that always creates good news in every news and creates a Bitcoin price that is getting higher and harder to stop.
I am also sure that the power of decentralization is what is able to make the price of Bitcoin higher because no one regulates the price of Bitcoin except the traders themselves.
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Offline Alcor

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The main currency bitcoin is just starting to become in El Salvador, and then from September. However, there are already fears of the imposition of international sanctions and international banking structures as well as interstate bodies have warned the government of this country about this.
If the current experiment in El Salvador is not successful, it is unlikely that any country will repeat it. However, this is not what bitcoin should strive for. He needs to become a full-fledged means of payment along with the national currencies of states and not try to replace them, and this, unfortunately, is not happening yet.

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Offline mlawson71

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How is the situation developing in El Salvador by the way, have they made any progress?

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How is the situation developing in El Salvador by the way, have they made any progress?

It is still too early to move forward after the new laws in El Salvador. Keep in mind that a lot of new things must be implemented for citizens, and that those citizens must learn the basic workings of Bitcoin and blockchain to know how to do the most basic things. There are still months of work to know how things develop, it is still too early. The good thing about all this is that El Salvador is the mirror where many countries look at themselves right now.
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Offline jonathancool220

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Bitcoin can not be a currency that can be loved by everyone but Bitcoin can be a valuable digital asset for the future of its owner.
I'm not afraid of Bitcoin because Bitcoin is supposed to be loved and protected like we love a valuable asset in our lives.
I also believe that Bitcoin is something that can really make everyone rich in an instant because its price changes all the time.

Offline Fenix

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Re: Has Btc become the ultimate currency, Or there is fears about Btc success?
« Reply #41 on: December 22, 2021, 12:28:42 PM »
Bitcoin has a big problem in that it never became a mainstream means of payment. Apparently, he will never become one. Already, many altcoins have far surpassed bitcoin in terms of functionality as a means of payment. Therefore, not only did it not become the main currency, it is generally very rarely used as a currency. Whoever denies this simply does not want to notice this problem.

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Offline Muneeb22

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Re: Has Btc become the ultimate currency, Or there is fears about Btc success?
« Reply #42 on: December 22, 2021, 10:12:16 PM »
BTC go high and this is good for all the market and we know when the market go high that time all the crypto market touches the sky and that time the holders will make good profit through this coin and they can sell it in a good profit that time.

.FX..BOX.
 
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Offline Abdulcrypto784

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Re: Has Btc become the ultimate currency, Or there is fears about Btc success?
« Reply #43 on: December 23, 2021, 04:12:14 AM »
No doubt BTC is the more powerful digital currency all over the world. I think its not possible to near future that BTC has under restrictions due to investment and mining. Let's see what happen in future but we should be positive in every situation

Offline Master107

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Re: Has Btc become the ultimate currency, Or there is fears about Btc success?
« Reply #44 on: December 23, 2021, 07:57:43 AM »
No doubt BTC is the more powerful digital currency all over the world. I think its not possible to near future that BTC has under restrictions due to investment and mining. Let's see what happen in future but we should be positive in every situation

Power, fame, wealth, are already visible to BTC. While the regulations and restrictions are on going to make things better so the world will make BTC the future. Regulations are always the obstacles why sometimes BTC drop suddenly without negative news than China regulation to crackdown and restrict crypto users. There are another countries that are in denial to Bitcoin ability and what it can be done in the future to human being.

Bank will stop crypto investment as much as they can, but they cannot make it due to people's positive opinion to Bitcoin investment despite of some losses. We are still in trying and error stage to polish everything.

 

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