Bitcoin and its divided opinions

[Mwangi 5611]

I have always tried my best to understand what its all about ,l the best effort is to work as hard and see what backs bitcoin , is it the kind of work that anyone is able to understand what they are doing or is it to keep on trying as hard to balance everything its that important

[Swapzone 174]

Bitcoin is a decentralized financial system that isn't controlled and regulated by governments. It is independent system. And, everything has good and bad aspect.

[Mcd0d0 5882]

16 hours ago, Tine0313 said:

For me bitcoin is an investment, because of its being volatile,

Well, that's true mate, not only the bitcoin which is being volatile, there's a lot of coins are also volatile by being a part of cryptocurrency coins.

16 hours ago, Tine0313 said:

I believe bitcoin is not made for criminal doings but it is up to you how you use it.

Exactly, there are just many people which is using bitcoin in illegal way like make it as a payment method in black markets etc because when you used Bitcoin, your transactions is anonymous, no one can see that.

[BrolySSJ 7899]

I think that the reservations that many people tend to have about bitcoin, in the sense that it can be used for criminal activities, are legitimate concerns and it is the primary reason that many countries have not yet legalized the currency as there is no way to track it. However, i think that the future of bitcoin looks very bright as it is able to offer contactless payment across the world in a simple fashion that many are invested in. This simple payment method is essentially useful in the time such as the pandemic we are experiencing now and i think this is what will propel crypto and bitcoin forward. However i think that this will result in fiat and crypto co-existing rather than a replacement as both are essential for a thriving economy. 

[CryptoDemon 370]

On 3/26/2020 at 12:31 PM, Wilmer Garcia said:

Bitcoin could become a global currency, however there are experts who claim that Bitcoin is only a financial bubble, others even consider its use to be intended for criminal activities.

What is your personal opinion on the future of Bitcoin? 

If Bitcoin was used on any illegal activities by the criminals, admins and moderators will surely notice it and will take an action because they won't let anything happen to their users that can make the users disappointed.

[decemberends 1881]

as for now and would a financial bubble as alot of things were happening we cant guarantee for a change yet for now but maybe a year later it could change but when it still comes to using normal things like things stuff you like your better off using cash.

[percare 3192]

I have read somewhere that Bitcoin was called a bubble but this was many years ago. I don't hear anyone saying it now probably because it proved it wasn't one. This is the real value it has and if you consider mining needs electricity and equipment then the price to produce Bitcoin is close to the current one.

[CryptoDemon 370]

10 hours ago, decemberends said:

as for now and would a financial bubble as alot of things were happening we cant guarantee for a change yet for now but maybe a year later it could change but when it still comes to using normal things like things stuff you like your better off using cash.

It is really better if we use digital currency more than physical money because physical money can make the corona virus spread and it is not good for our health.

[babaji 1228]

On 3/26/2020 at 10:01 AM, Wilmer Garcia said:

Bitcoin could become a global currency, however there are experts who claim that Bitcoin is only a financial bubble, others even consider its use to be intended for criminal activities.

What is your personal opinion on the future of Bitcoin? 

By the nature of Bitcoin and cryptocurrencies in general, it is inevitable that it will be misused by criminals. Also calling it a bubble is not exaggeration in any way. However, bitcoin is not new, nor are these criticism. This has been associated with bitcoin ever since its birth, and you can take both views positive and and negative about bitcoins, I choose the positive side. A glass half full is true, the same glass is half empty at the same time, depends on what you chose, also indicates your personality. 

[TimopheyKa 3900]

I think that bitcoin has a very good future! Because, its system allows many people to earn good money, as well as conduct various exchanges, trades. In General, the future is behind it! And it seems to me that one day this system will show us a great result!

[Digital 387]

Bitcoin is becoming a global currency but not yet because not all countries accept it or adopt it only few countries give attention to it but we hope to see in the nearest future it will be recognize as a global currency.

[Irungu 4299]

Bitcoin has one of the most diveided opinion that you would ever think of so many people dont even understand what to tell and what to say about bitcoin but today the best thing it gave us an idea of what it meant and good tokens and crypto have followed and one of it is Ripple

[Mike1515 2977]

I think the only advantage we have with bitcoin is that it gives you back its own power , which is control , you are actually better of when no one understands what you own and if even they know they dont understand who does own , you remain hidden, What I mean is that when you look at what happens if you transfer 1 Billion worth of bitcoin , in the end you become so hidden that nobody will tell where that money came from or ended, also the fast way to transfer that, if you compare that transfer that might happen not more than 1 hour, with transferring the same on swift  , the time cut here is huge.

[Irungu 4299]

@Seyeumi I agree with you but also there is a problem there, there could be mistakes that might happen that we are not so sure of, we are trying to adopt a new world different from the traditional paper and coin  money and we still need to learn loopholes, @Mike1234@Mike1515 Work is still needed to be done on the system , we are suppose to enure that if the technology is for safetly that we are able to be completely safe and no other options coming in between

[Mike1515 2977]

Thanks A lot for that information @Seyeumi i actually get your point and its not that bad of a point to think of but lets put everything into perspective and keep trying as hard to understand what to do in this place. We often are required to work as hard and be principled in what we are working on so we are suppose to enjoy everything perfectly in this place but also be careful not to disrespect this place kindly

[bogdanoff 3173]

No Bitcoin is not a bubble yet, it will be perhaps at 200,000 dollars in the next two years and everyone will say it is a bubble don't buy. It will then drop to 50K and the same people will buy as it always happens.

[Sugibengi 390]

On 3/26/2020 at 11:31 AM, Wilmer Garcia said:

Bitcoin could become a global currency, however there are experts who claim that Bitcoin is only a financial bubble, others even consider its use to be intended for criminal activities.

What is your personal opinion on the future of Bitcoin? 

I think anyone can think of anything, including seeing bitcoin as a bubble or even criminal financing. But that's an old problem that wants to damage Bitcoin's image, until now bitcoin is still profitable and growing. In my opinion, bitcoin is not a bubble. It is proven that now bitcoin continues to grow and is a very popular investment. About bitcoin as criminal financing, I think anyone can use any type of finance for various types of crimes including using fiat, so excuses like that are not true.

[hasan007 206]

Bitcoins  is created with a good purpose like invest or others financial related task. But few people are using crypto in a wrong way and that's why its violate the market reputation. But there is lots of positive observation, you should represent that.

[Maaz sultan 265]

There are too many benefits of bitcoin as compare to its disadvantages and now its developers make this blockchain based digital currency more secure day by day .Now so many countries accepts bitcoin and have benefits of this future currency .

[Chief executive officer band 681]

estimation is that bitcoin is the available as added and especially natives make out the come back of by funds of it and in the development it will be adopted as the fundamental payment system. 

 

[Omar Ommeish 4872]

Many people say that Bitcoin is just a bubble, and I do not agree with them about that, because if it were a bubble, it would have ended years ago and did not continue to this day.

[Alex9876r 1408]

Most of these are analysts or economists in the financial markets, and this opinion is because Bitcoin is not material or tangible on the ground, but personally I see Bitcoin as a way to collect money and make profit.

[Flying11Horse 45]

On 3/26/2020 at 9:31 AM, Wilmer Garcia said:

What is your personal opinion on the future of Bitcoin?

As according to my opinion I think that It will be a global currency and no currency will dare to challenge it.I haven't heard about it been used in criminal activities.There Is only one bad aspect of cryptocurrency but there are many good aspects. The bad aspect can be that it can be used for funding terrorist agencies or activities.But there is no such proof that it happened.

The good aspects are many.It can be that ,it is supporting many members financially who are working here in crypto world.It is easy to earn.You only have to work for some hours. 

I think that BTC (Cryptocurrency ) Is the future of the world .

[yonkii 3205]

I have read about this bubble in another post and I don't understand this. A bubble means that really everyone talks about Bitcoin and wants to invest buy more and more and many are making crazy money from this asset. So do you think that Bitcoin is a bubble today when we are barely making a small profit and everyone is laughing at us thinking we are wasting our time with it?

[Gluttony 1775]

I think the only reason why they could say that bitcoin is only used in criminal activities is because of the deep web stuff. There are a lot of underground activities that is happening there and the currency used there is bitcoin and the transaction is also risky since you could also a victim from them if ever you somewhat leaked your data information from a stranger in the deep web. It is a good thing actually to make bitcoin as a global currency since its popularity is already known and somewhat has the huge part in the crypto currency industry. My personal opinion in this matter is that for me, bitcoin is only an investment formed to generate passive income through the form of investment that is paid by the capital owned by the user’s assets.