What is the future of bitcoin?"

in #busy6 years ago (edited)


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Many countries and governments have banned their citizens from using bitcoin
Because of the constant volatility in prices and instability
Because of the heavy attack from countries, this has negatively affected currency prices
Since the beginning of this year there has been a decline in electronic currencies, especially bitcoin
But if we notice we will find this decline is very limited
Did not drop by too large
But was associated in a narrow range
But some countries have restricted the currency
Such as China, India and Pakistan
Who imposed restrictions on the use of these currencies
There are countries that have been barred from dealing with them and considered them illegal
Bolivia, Ecuador, Bangladesh and Algeria
Bolivia

Since El Banco Central de Bolivia decided in 2014 to ban all currency not issued or regulated by the government, the Bolivian authorities have shown that they mean business. In May 2017, they arrested 60 digital currency investors and released a statement with a gentle reminder (in all caps) that the trade and use of virtual currencies are illegal, proceeding to allege that the arrestees had been propagating a pyramid scheme. They really do not want people to use Bitcoin.

Nevertheless, many people have joined this coin
What is the future of this currency?
Will be a bubble and explode in everyone who uses it
Or will be recognized by States and become an official currency
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World and bitcoin

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hello greetings from Venezuela.
it was predictable that the countries would impose their limitations to avoid the rise of cryptocurrencies but sooner or later they will prevail and they could do all kinds of commercial exchange with them.

Bitcoin will become the World Reserve Currency. Commodities and goods will be imported and exported with it. Governments cannot stop it. Banks cannot stop it. Nothing can stop bitcoin.

If governments make it illegal, people will bribe officials with it and come up with other ways to get around the law because it is too valuable. Bitcoin literally saves lives in some countries with hyperinflated currencies. When a government makes its currency worthless (hyperinflation) people turn to bitcoin to buy medicine for their family. This thing is not going away. Ever.

There is already too much money behind it in the US to make it illegal. Now that big financial money is involved, the corrupt politicians will not make it illegal. They will profit from it instead.

Even if governments shut down the internet and all electric power, people can download a bitcoin node from satellites in space for free make transactions for one penny US with text. They will get power from solar and other off the grid means.

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