RE: The Future Of Bitcoin

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The Future Of Bitcoin

in cryptocurrency •  8 years ago  (edited)

Also, many more companies will take Bitcoin as a type of payment method.

Well maybe. But only if it becomes a lot less volatile price wise. Just this last week there have been big changes in price, which make it pretty useless for pricing goods and services.

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Worldwide, more companies have started to accept it as a payment. It is growing rapdily.

Hmmm. They are mostly tech companies, or the occasional pub or whatever that takes it as a gimmick. And I think they probably convert to fiat straight away. I don't deny that it will grow, but I think it will remain very much a minority thing.

Yeah, at the moment it's small. Hence why I said in the future :)

My guess is that it will not be a widespread medium of exchange in the forseeable future (though who can forsee the future?), but will remain mostly a store of value and of use to speculators. Unless the price becomes a lot less volatile. That's OK, to my mind.

Yeah, that seems fine in my eyes :)

at least its going up when fiat currencys will all be going down .