Talking about Bitcoin's cost which has not recovered since some global authorities started talking about banning it, but some believers say its use goes beyond economic.
Amin Rafiee spent three years in Europe living on Bitcoin. Now he is just back home to Australia.
He was said to be rewarded in the cryptocurrency as he worked as a contractor in different post and characters.
"I would use it to pay my rent, my daily expenses, and find ways where I could exchange it for cash."
"Back then it was a lot harder, but now you have Bitcoin debit cards so you can just register, verify yourself and from there use your Bitcoin or other cryptocurrencies to exchange to fiat money, which is the US dollar or Australian dollar, and like any other VISA card or Mastercard you can use it to pay your bills."
Services are harder to find in Australia, but he believes in the future, most people will have both a cryptocurrency and bank account.
Bitcoin's volatility doesn't concern Amin for now because he sees a future where thousands of cryptocurrencies exist, for different purposes.
"I see it as each currency serves a purpose, so it's like cars. A lot of people say there will only be one coin, but we don't have one car, we have the diesel car, we have petrol car, we have the gas car, we have the electric car, each has a purpose. A person likes the electric car; they buy the electric because they might not like to drive that long distances."
He says stores, for example, will one day have their own cryptocurrency, but to get there, technology needs to improve.
"Currently, Bitcoin and other cryptocurrencies are running on roads that are built on the outdated system, so it's quite hard to see it's true power yet. We need systems to improve; we need it be established enough so it can have its own path."
As the discussion continues about the development of Bitcoin and cryptocurrencies, what seems to have global support is the technology behind them is Blockchain.
Stephen Koukoulas says, The Blockchain technology is assigning for the arrangement of transactions to occur suddenly and without the third party in the middle of the trade which of course mean fees and other costs as well.
"So Blockchain is still evolving. "
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As out of this world as that sounds, believers compare today's cryptocurrency world, with the beginning of the internet, when most of people didn't understand it, nor its potential.
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January has always been a weak month for Bitcoin and 2018 is no exception. Bitcoin price remains under pressure from ongoing government crackdowns and the lack of any big catalysts that could allow the longer-term climb to resume. Bitcoin came back much stronger and even surpassed its record values within a few weeks of the Chinese clampdown despite the country being one of its biggest markets. Its price will stabilize and gain momentum when the crackdown stops and it will show an upward increase and Bitcoin will make it past the $20,000 mark.
Bitcoin'value will recover very soon. This is not the first time bitcoins have behaved that way. It has been seen this happens several times that before a major price change, bitcoins often dips down before it take off. Let's hope during this year we can see some wonders.
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Excellent article friend and it's true crypto currencies gave us freedom to use and control our money effectively and i also think that there is always a room for improvement in any technology and i hope we see more improvements in crypto space.
Thanks for your thoughts. Yes crypto fans have high hopes for the improvement designed to facilitate quicker benefits to its users as the future of cryptocurrency begins to look a lot brighter.
Interesting article thanks for sharing ^^ loved the bit where he used cars as a metaphore to explain how distinct and different cryptocurrencues can differ from one to another !indeed so true !
Ahan thanks.... As all cryptocurrency world is looking for distinct and bright alternatives. The popularity and rising market competition with all cryptocurrencies will be more interesting in future especially from the trading perspective. it hope so....
Yes indeed BTC sure will regain its glorified position many do believes it and it sure will happen ,sooner but later !
It will soon pump again, according to the crypto analyst its value development expected in March
Eagerly waiting for it to implement !
i don't understand, why all coin price is down now day.Any chance that bition price is high again ?
Digital currencies fall is leading to the upper charger. No need to worry about bitcoin will go up in march so it is expected the bright future
As a follower of @followforupvotes this post has been randomly selected and upvoted! Enjoy your upvote and have a great day!
Thank you
bitcoin is the best cryptocurrency
in the world.........i love bitcoin.
Yes of course bitcoin has been been proved among the bright cryptocurrecies and in march it is going to pump again.
thanks for your participation
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That's why I'm coming on your profile again and again. Keep sharing such news with us. :)
Thanks for your views . it's pleasure for me. keep on learning
great post thank you dear for talking about bitcoin
Thanks
Bitcoin is greet coin