Bitcoin future?

DT77

Active Trader
Feb 24, 2019
236
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It's certainly stuck hard and fast at the moment. Fingers crossed.....
 

pezza55

Trader
Dec 2, 2019
5
0
6
35
Hi. Let`s talk about bitcoin and it`s future. What are you thinking?
looking at it currently i think its coming to a strong pinch point i personally think its going to drop to 6000/5500 by the end of december.
 

Momand

Trader
Oct 29, 2019
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0
7
32
There is one problem - no one has a single cryptocurrency patent. This means that anyone who wants to create a cryptocurrency can do so. And creating cryptocurrency isn't extremely difficult. Such things have already been happening and will happen more frequently in the near. Financial corporations or states don't need bitcoin, they want to take control over cryptocurrencies. And They will be able to create a crypto coins on their own.

In addition to financial giants and governments coins, Internet companies, including Facebook, Telegram and Signal, may soon have their own cryptocurrency. Companies are planning to deploy new cryptocurrencies during 2020, so that users can send money through instant messengers.

This puts Bitcoin at a disadvantage when its only pros is that it was the first and became the most famous.

That's a reality...
 

Enivid

Administrator
Staff member
Nov 30, 2008
12,073
461
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Odessa
www.earnforex.com
There is one problem - no one has a single cryptocurrency patent. This means that anyone who wants to create a cryptocurrency can do so. And creating cryptocurrency isn't extremely difficult. Such things have already been happening and will happen more frequently in the near.
This looks like a good thing to me.
Financial corporations or states don't need bitcoin, they want to take control over cryptocurrencies. And They will be able to create a crypto coins on their own.
Maybe, but maybe no one will use those coins? Currently, the most used cryptocurrencies are open-source community projects with Bitcoin being an undeniable leader.
In addition to financial giants and governments coins, Internet companies, including Facebook, Telegram and Signal, may soon have their own cryptocurrency. Companies are planning to deploy new cryptocurrencies during 2020, so that users can send money through instant messengers.

This puts Bitcoin at a disadvantage when its only pros is that it was the first and became the most famous.

That's a reality...
The reality is that Bitcoin's main pros are not the facts that it was the first cryptocurrency or that it is the most famous one. Bitcoin's main pro is that it is backed by the biggest node and miner network. To beat that, private or government cryptocurrencies need to provide both a much better idea of a cryptocurrency (together with a similarly state-of-the-art code) and a stimulus that would compensate the current users and miners to forfeit the value of the Bitcoin they own to move something else.
 
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