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requester (OP)
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February 06, 2017, 05:51:24 AM |
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As I had encountered that day by day more people are joining bitcoin inspite of its sky rocketing price and day by day more and more government and other agencies are coming against bitcoin so will bitcoin stay alive and will it be able to invite new user in the network?
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doaremon
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February 06, 2017, 05:58:42 AM |
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Obviously it will. Day by day people are getting interested on bitocin. This is happening because bitcoin hold its place in top position. And its value over other currencies also attracts people who wants to earn something. Internet is reaching more and more people day by day. So this way of exchange will make things more easier to pay and get paid. So there is no option to decrease its user I think.
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marcoman22
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February 06, 2017, 06:06:39 AM |
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Whatever government agencies come against bitcoin, they could do nothing to ban bitcoin.More people are getting familiar with bitcoin in recent times.Since banking sectors, government organizations,medical sectors are trying to implement blockchain technology as it is safe,indirectly it has given a wide publicity to bitcoin.Some experts say that bitcoin price would cross $2000 by the end of 2017.Bitcoin will stay alive and we have to see whether bitcoin would escape from quantum computing in future.
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Gembul
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February 06, 2017, 06:08:19 AM |
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I am optimistic that next year bitcoin users will be growing. It was based on the growing popularity of bitcoin, bitcoin price increase promising for investments, and more and more sellers are using bitcoin. And it will allow users to spend their bitcoin easily, and certainly will attract others to use bitcoin. thank you
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requester (OP)
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February 06, 2017, 06:12:38 AM |
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Whatever government agencies come against bitcoin, they could do nothing to ban bitcoin.More people are getting familiar with bitcoin in recent times.Since banking sectors, government organizations,medical sectors are trying to implement blockchain technology as it is safe,indirectly it has given a wide publicity to bitcoin.Some experts say that bitcoin price would cross $2000 by the end of 2017.Bitcoin will stay alive and we have to see whether bitcoin would escape from quantum computing in future.
sometime I fear about bitcoin network against QUANTUM computing. Although is a concept right now but 21st century's intelligent and techy people it's not very far awar. I think within 10 or 20 years that computer will come and could destroy the blockchain technology. I pray GOD for safety of bitcoin and other similar cryptocurrencies. |
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Kakmakr
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February 06, 2017, 06:21:27 AM |
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When you use the word <trap> you make it out as some scam, which it is not. Bitcoin is a legitimate commodity/currency and it is been used globally. Yes, it will attract more users and services that would accept it, because it is a very good alternative to other centralized payment options.
PayPal trap people, not Bitcoin. ^smile^
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erickkyut
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February 06, 2017, 06:38:04 AM |
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Yes it is! Bitcoin will invite more new users everyday because of the rapid price increase! One proof of it for me is the current unconfirmed blockchain transactions. The blockchain is having a slow response nowadays to that transactions because I think they cannot accommodate the increase in numbers of bitcoin users.
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n0ne
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February 06, 2017, 06:45:53 AM |
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As of now bitcoin have been found attracting more and more users continuously. By the last year end bitcoin's market capital was found to reach high of all time. Op needs to Change the thread title that will bitcoin traps more users. Nothing is here to be trapped just need to get the attention of public to realize the importance of digitization and growth.
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Idrisu
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February 06, 2017, 06:50:55 AM |
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As I had encountered that day by day more people are joining bitcoin inspite of its sky rocketing price and day by day more and more government and other agencies are coming against bitcoin so will bitcoin stay alive and will it be able to invite new user in the network?
Bitcoin is the future currency and because of this, developed countries has not banned it. Like digital gold is very precious so is bitcoin, the beauty of it would not allow it to be trap. Currently bitcoin price is at $1020 and the price keep on going up, what this means is that the demand for bitcoin is higher than the supply for it and people are developed more trust on it than before. The beautiful things about bitcoin are these: Decentralization, low fees and security. |
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Amph
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February 06, 2017, 06:52:32 AM |
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A better value always make more people come in play to invest, it was the case with the first pump and dogecoin, there was a huge wave of newbie that helped that pump to increase very fast
i guess with the current value we have more users than before when bitcoin was at the $200 level, there was a nice chart showing a relation between adoption and value...
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MatDerKater
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February 06, 2017, 12:17:17 PM |
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As I had encountered that day by day more people are joining bitcoin inspite of its sky rocketing price and day by day more and more government and other agencies are coming against bitcoin so will bitcoin stay alive and will it be able to invite new user in the network?
Yet USD exchange volumes are massively down, and now much of the smoke and mirrors of the Chinese exchanges have been taken away, volume/interest isn't much better over there either. Bitcoin may well go on to take out the ATH, but realise, this is highly cornered and manufactured market, controlled by a small cabal who are up to thier necks in the shit. Those who are most heavily invested in Bitcoin and have the most interest in ramping it, and keeping it above a certain level, are invested on sitting on a golden egg which may never hatch. Bitcoin is a hugely risky investment, and at these prices, with not a whole lot of potential upside either when considering the risks involved......Bitcoin isn't Amazon stock. |
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NUFCrichard
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February 06, 2017, 02:08:02 PM |
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As I had encountered that day by day more people are joining bitcoin inspite of its sky rocketing price and day by day more and more government and other agencies are coming against bitcoin so will bitcoin stay alive and will it be able to invite new user in the network?
Yet USD exchange volumes are massively down, and now much of the smoke and mirrors of the Chinese exchanges have been taken away, volume/interest isn't much better over there either. Bitcoin may well go on to take out the ATH, but realise, this is highly cornered and manufactured market, controlled by a small cabal who are up to thier necks in the shit. Those who are most heavily invested in Bitcoin and have the most interest in ramping it, and keeping it above a certain level, are invested on sitting on a golden egg which may never hatch. Bitcoin is a hugely risky investment, and at these prices, with not a whole lot of potential upside either when considering the risks involved......Bitcoin isn't Amazon stock. Well exactly. People say that it is different this time because of the infrastructure and people really using Bitcoin now. Who actually uses Bitcoin as a currency though? The biggest use was to buy drugs online, that might still be the main use, I don't know. Next is gambling. What else? I mean there are lots of things you can use it for, but 99% of the time you can just use fiat instead and hold your Bitcoin instead. It is being used as a commodity, I don't think it traps users, I think people hear about it, buy a small amount, maybe gamble it or sit on it, then forget about it or sell. What else are they supposed to do with it!? |
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Red-Apple
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February 06, 2017, 02:16:23 PM |
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As I had encountered that day by day more people are joining bitcoin
can you explain to us how you concluded that there are more people joining bitcoin day by day? what source did you use? because as far as i know to this day there is no way of measuring that. so i am interested to know what is your reason. inspite of its sky rocketing price
int is not "in spite of" it is "because of" price going up that more people always invest in bitcoin. and day by day more and more government and other agencies are coming against bitcoin
again i see another claim that is wrong and i am very interested to see what your source is on this one too. so will bitcoin stay alive and will it be able to invite new user in the network?
it has stayed alive for 8 years and was growing with a pretty nice adoption rate (slow but still good) and there is no reason so far for this to change. |
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LFC_Bitcoin
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February 06, 2017, 02:28:45 PM |
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Of course bitcoin will stay alive. We undoubtedly need many more people investing to achieve any type of mainstream adoption though. Unfortunately the block size debate rumbles on & on but once it's been resolved we'll at least be ready & prepared for increased adoption.
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Immakillya
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February 06, 2017, 02:31:38 PM |
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You know bitcoin is getting more popular now. The price of bitcoin attracts people. People love to get some profit. So we cant blame them that they joining or buying bitcoin. People dont want to miss this opportunity to earn and also experience bitcoin. I believe bitcoin could be more valuable than gold or anything valuble metals in the world in the future.
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requester (OP)
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February 06, 2017, 02:34:34 PM |
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Of course, bitcoin will stay alive. We undoubtedly need much more people investing to achieve any type of mainstream adoption, though. Unfortunately, the block size debate rumbles on & on but once it's been resolved we'll at least be ready & prepared for increased adoption.
I too believe that bitcoin will stay alive because people love this technology but government hates or they are against bitcoin and other such coins because its not totally legal as there is no central agency to control the flow of money. But very recently Our nation's government had alerted bitcoin user and told its user should use bitcoin with our own risk. |
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RodeoX
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February 06, 2017, 02:39:30 PM |
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As I had encountered that day by day more people are joining bitcoin
can you explain to us how you concluded that there are more people joining bitcoin day by day? what source did you use? because as far as i know to this day there is no way of measuring that. so i am interested to know what is your reason. inspite of its sky rocketing price
int is not "in spite of" it is "because of" price going up that more people always invest in bitcoin. and day by day more and more government and other agencies are coming against bitcoin
again i see another claim that is wrong and i am very interested to see what your source is on this one too. so will bitcoin stay alive and will it be able to invite new user in the network?
it has stayed alive for 8 years and was growing with a pretty nice adoption rate (slow but still good) and there is no reason so far for this to change. That's everything I was thinking. I'll just second this.  And what do you mean by "trapped". no one is trapped here, lol |
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European Central Bank
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February 06, 2017, 02:54:07 PM |
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what the op is interpreting as agencies 'being against' bitcoin is in most cases being sensible and taking an actual position about its place in the world. if enough people get on board then they have to do something about letting them know where they stand.
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zimmah
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February 06, 2017, 03:06:06 PM |
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Bitcoin isn't a trap, fiat is a trap.
A more relevant question will be, will more people become free of the fiat trap?
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agustina2
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February 06, 2017, 03:17:55 PM |
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As I had encountered that day by day more people are joining bitcoin inspite of its sky rocketing price and day by day more and more government and other agencies are coming against bitcoin so will bitcoin stay alive and will it be able to invite new user in the network?
Bitcoin doesn't still experienced those skyrocket price to be consider by others but look at how well it gained numbers of people continously using it day by day. It means that there is other reasons why people are using this currency aside from it's price. And as it's progress, new users are coming into the stats even by small percentage. In more years to come, as long as bitcoin has value, there will be new people that will use this cryptocurrency. |
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