Community Forex Questions
What happens if bitcoin succeeds?
Bitcoin is not only for elites, bankers, and royalty. We can all invest in it or not, you, me, and everyone else. By providing a valuable service, advertising, etc., you can earn bitcoin without investing. Bitcoin will not create inequality in the world, we already had that. You might not become rich from it, but it can help many people afford things they would otherwise be unable to afford.
Early players have more, assuming they didn't sell or lose their coins. It's not too late to start using Bitcoin even though it has been around for over a decade.
Early players have more, assuming they didn't sell or lose their coins. It's not too late to start using Bitcoin even though it has been around for over a decade.
If Bitcoin succeeds, it could potentially revolutionize the global financial system. As a decentralized digital currency, Bitcoin offers benefits such as lower transaction fees, faster cross-border payments, and increased financial inclusion for the unbanked. It could challenge traditional banking and payment systems, providing an alternative store of value and medium of exchange. Additionally, Bitcoin's underlying technology, blockchain, has applications beyond currency, including supply chain management, voting systems, and identity verification. A successful Bitcoin could lead to greater financial sovereignty for individuals, reduced reliance on centralized authorities, and enhanced transparency in transactions. However, its success may also pose regulatory challenges and impact traditional financial institutions. Overall, Bitcoin's success could reshape the way we think about money and empower individuals in the digital age.
Mar 10, 2022 15:42