Bitcoin future?

Discussion in 'Cryptocurrencies' started by momo3HC, Feb 24, 2019.

  1. momo3HC

    momo3HC Trader

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    Hi. Let`s talk about bitcoin and it`s future. What are you thinking?
     
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  2. Enivid

    Enivid Administrator Staff Member

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    I think Bitcoin has a great future. It will continue to experience a slow pickup in utilization, but it will not replace fiat currencies completely.
     
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  3. DT77

    DT77 Newbie

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    What he said....
     
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  4. Harryjosh

    Harryjosh Trader

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    I don't think the bitcoin has any future sooner, Because you can't use it in regular life and it does not have even any currency value yet.
     
  5. Zack King

    Zack King Trader

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    I personally think crypto will be a very prominent currency in the near future. but, i don't think fiat will ever be fully eradicated, maybe just become second preference to crypto, potentially.
     
  6. Zack King

    Zack King Trader

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    this is not strictly speaking true though, is it? I use a crypto wallet account visa card to make BTC purchases, it just converts to fiat in the process, but i spend my Bitcoin. Also, some companies accept BTC as payment, especially online and in certain parts of the world i know they do. In addition, some major companies (financial sector) are slowly becoming more involved with crypto in general and using it as part of their offerings in terms of payment etc. One good example would be forex brokers, like the one I use, who accept bitcoin deposits and withdrawals, which means they are almost instantaneous, which i prefer compared to wire transfer or debit/credit card as they are a lot slower. why wait 3-5 business days when you can do it via bitcoin and it is more often than not in the next hour or same day
     
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  7. Harryjosh

    Harryjosh Trader

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    As you said some companies accept BTC as payment, and the other still trying or don't know when they can make it. Anyways, It's profitable for some people but most people lost their payment while trying to get a profit. BTW debit and credit are not as such slow as you said. There's no need 3-5 business days to wait for it.
     
  8. momo3HC

    momo3HC Trader

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    Yeah it`s faster except in days like in the beginning of this week. 70K peak of confirmation waiting BTC transactions and I've waited mine for about 3 days. It`s not so common situation but it`s a point for upgrading I think.
     
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  9. Helloyees

    Helloyees Trader

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    How many of you have some bitcoins ? Answer will depend on that I think. Me sadly not started it all like 7-8 years ago when it costs pennies to acquire it all, but in todays market price it's quite impossible to make any investments for average Joe, so I want to see how many "millionaries" are here;)
     
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  10. Enivid

    Enivid Administrator Staff Member

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    Why do you say that it is impossible? You can buy $1 worth of Bitcoin or less if you want.
     
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  11. Zack King

    Zack King Trader

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    i was making reference to using credit or debit card transactions to make deposits and withdrawals through a forex broker, for example, sorry i was unclear. bitcoin transactions in comparison to debit/credit card are definitely a lot faster in my experience
     
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  12. Zack King

    Zack King Trader

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    personally i do hold some bitcoin, not a lot, but i do not trade or hold crypto entirely for monetary gain- that's what i have a career for. I do forex etc as a part time/hobby; i like to study the markets and financial industry to keep up to speed with it all as it is rapidly changing and developing.

    I have not made millions off of crypto, but i have made money simply from holding BTC in a wallet, as well as trading it. i have also made some losses too, just like most traders, however some do not like to admit losses, which is silly, because you can't win at everything in life
     
  13. momo3HC

    momo3HC Trader

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    It`s never too late to get into another thing like BTC and became millionaire. ;) Or said in short look forward not back.
     
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  14. DT77

    DT77 Newbie

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    This is true, no point looking back. The next Bitcoin is in its infancy now. Guess right and you'll be laughing in a few years from now.
     
  15. momo3HC

    momo3HC Trader

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    That`s right.
     

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