Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: MUGNIA on October 22, 2019, 06:15:36 AM
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When Bitcoin was born ten years ago, the world was torn by financial crisis.
It was 2008.
Major governments had piled up massive debts.
Lehman Brothers failed, triggering a chain reaction of even greater failures in the banking system.
Governments responded by printing unlimited quantities of money.
And Bitcoin was born as Satoshi Nakamoto’s indignant response to the mess they created.
The dream: To create a peer-to-peer system of electronic cash, killing three birds with one stone:
One: Bitcoin would unshackle money from the control of those who created the financial crisis.
Two: It would replace their behind-the-scenes deliberations and manipulations with the first-ever form of money that has a built-in monetary policy.
Three: The monetary policy would be stable, predictable and completely transparent — visible to everyone.
That was the dream. But it has not been the reality.
Bitcoin will more closely resemble a store of wealth (like gold) than a system of electronic cash.
Here’s what actually happened ...
source: https://cryptonews.com/exclusives/bitcoin-investing-in-the-2020s-4895.htm
the article above is a piece of the past about bitcoin let's share opinions:
Will Bitcoin be many times more valuable by the end of the decade?
Or will it be mostly dead?
Will it be replaced by cryptocurrencies with more advanced technology?
If so, will those cryptocurrencies have begun to replace most fiat currencies?
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The 21 million shared by 7 billion people in the world is very possible to do because Bitcoin has a few decimal fractions called "satoshi".
But unfortunately there must be some 7 billion people on earth who don't want to understand Bitcoin.
Everything that is created on this earth has pros and cons depending on how we react.
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Will Bitcoin be many times more valuable by the end of the decade?
The possibility to raise the value is always there. Bitcoin value will be more expensive when people think it is like digital gold and proven for years. I assume with more people participate in Bitcoin investment, then the value will be rising.
Or will it be mostly dead?
Will it be replaced by cryptocurrencies with more advanced technology?
I don't see it will be over soon.
There are more adoptions of Bitcoin. It is not the sign of the end of Bitcoin, right?
In addition, I think Bitcoin has no competitors. It always dominates crypto market. So, no chance for others to replace it.
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I think every year the price of Bitcoin will only increase, as many begin to be interested in and use it. Also, it can easily supplant the fiat currency after some time, but this takes a lot of time.
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