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[phanuruch]

In your opinion, is the invention of bitcoin and other virtual currencies a good or bad thing for the modern world? Governments and banks all over the world have been very wary of cryptocurrencies.

 

[mcjerry]

Crypto currencies are the future. Investing in crypto currency is very profitable
A time Is coming that the whole will accept crypto currency.
There was a time that Venezuela economy decreased. They created the own crypto currency saying it will build back there economic of which it did.

 

[overcast]

If you want your country to survive then your own banks and basic currency of the nation needs to be on top of the bitcoin. And bitcoin should be treated as illegal if they want country to survive longer. So it's better for some of the countries to avoid those type of the crypto. It's only good as an illegal value and not legal one for long term betterment of society.

 

[cryptohub123]

Bitcoin is a good thing or an asset if you use it properly by investing in legit programs and trading very smartly , like selling bitcoins at a right time when bitcoin price is high . Its not a good thing if someone uses bitcoin for illegal activities like fake bitcoin generators that fool innocent people, or some ponzi websites that never pay its users , bitcoins should not be used in these bad ways.

 

[KarthikP]

Bitcoin is a good thing in my opinion. It's a digital currency and it's decentralized which is a positive point in case of any crypto currency.

 

[Fayiz]

I think Bitcoin and other cryptocurrency is good thing some negative sides are there but it is proper way it is good for economy of country

 

[SCAMEXPOSER]

Bitcoin and few others coins are good thing to look up to cos they makes life easier and more comfortable since their transactions are digital and I doubt the transaction will continue to be annoymous considering the information required by most wallets from members subscribing to them.

 

[KarthikP]

I love the speed of ethereum transaction , it was confirmed very quickly. Cryptocurrencies are the best to use if you want to send money quickly just by using a cryptocurrency address.

 

[Mbwolf]

Yes it's good
everything it's easy with crypto but the bad thing on them is they are crypted, like you can't who send the money and other information
some people see it as a benefit but it's lead us to illegal things
I guess the new facebook currency is gonna blowup more

 

[SCAMEXPOSER]

Yes it's good
everything it's easy with crypto but the bad thing on them is they are crypted, like you can't who send the money and other information
some people see it as a benefit but it's lead us to illegal things
I guess the new facebook currency is gonna blowup more

I agree with you, the disadvantages of annoymous nature of the transaction are far more than the advantage. If is traceable it will limit fraud in the network.

 

[krishatnet]

it is a good thing because of you can transfer it to anywhere without any restrictions. The problem with bitcoins is mining fees are very high for lower transfers. Because of no central control some people using them for asking payments by cheating.

 

[SCAMEXPOSER]

To invest in mining Bitcoin and make profit you need to invest big so that the fees and other resources needed won't end chopping your profit. Low investors opt for pool mining.

 

[Demonicsheikh]

In your opinion, is the invention of bitcoin and other virtual currencies a good or bad thing for the modern world? Governments and banks all over the world have been very wary of cryptocurrencies.

It depends the way you look at it.

For example I am from Pakistan and there is no PayPal in Pakistan for micropayments so it's great for me.

But on the other side a payment of $50 can become $30 in a matter a seconds because of bitcoin price fluctuation so its bad for me because in PayPal I don't fave that kind of problem.

SO there is a good side and a bad side for everything.

 

[SCAMEXPOSER]

It depends the way you look at it.

For example I am from Pakistan and there is no PayPal in Pakistan for micropayments so it's great for me.

But on the other side a payment of $50 can become $30 in a matter a seconds because of bitcoin price fluctuation so its bad for me because in PayPal I don't fave that kind of problem.

SO there is a good side and a bad side for everything.

I also face similar challenges of the vulnerability so the best bet is to ensure I withdraw the minimum amount I can exchange immediately with the local exchangers in my country.

 

[Bilalgul]

I think it is the best thing that happened in the life of an ordinary people because that we can get out of the stranglehold of the banks and their hidden peace and different arguments

 

[microunit]

Depends on your skills of using them. If you have a good grip on bitcoins, you can be a milllionaire and if you have bad or no skills, you can lose millions.

it's really not about skills though, as trading is kinda knowing how the market works and a large portion of luck, so if luck's not on your side you'll surely lose a lot

 

[SCAMEXPOSER]

it's really not about skills though, as trading is kinda knowing how the market works and a large portion of luck, so if luck's not on your side you'll surely lose a lot

That's true because sometimes people invest at a point when bitcoin continue to drop drastically while some people invest and it keeps growing.

 

[KarthikP]

Depends on your skills of using them. If you have a good grip on bitcoins, you can be a milllionaire and if you have bad or no skills, you can lose millions.

Millionaire is not possible unless you have some luck. But it's true we can make profit from trading bitcoin , doesn't require any skills though.

 

[microunit]

That's true because sometimes people invest at a point when bitcoin continue to drop drastically while some people invest and it keeps growing.

yep, the ratio between investors and sellers fluctuates alot too from time to time, making it really unpredictable as there are some who sells right away when they see a slight rise in price

 

[BusyCat]

In my point of view , bitcoin or any other altcoin is a good opportunity to earn money by trading , you have to focus on how can you make profit with bitcoin rather than analyzing the negative aspects of it.