Acceptance | Bitcointalksearch.org

Apraksin

sr. member

Activity: 420

Merit: 251

Moon?

Quote from: Fortify on December 23, 2017, 05:20:36 PM

The more popular bitcoin gets, the less usable it becomes as a digital currency. Transaction fees go up to crazy amounts and the network slows down. It seems to be a victim of it's own success, but maybe the next iteration of crypto-currency will overcome such an issue. It can still be useful in some situations, especially if the recipients don't have access to other financial facilities.

Yeah, but the name and the trust is what makes it the future store of value, digital gold etc. and seen from that angle I actually think the high fees just makes bitcoin more exclusive.

Torque

legendary

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There should be a forum mod rule that states that any newb account has to say something meaningful, instead of complete garbage vomit. Otherwise it gets deleted.

Sadly there isn't. Roll Eyes

Fortify

legendary

Activity: 2688

Merit: 1192

The more popular bitcoin gets, the less usable it becomes as a digital currency. Transaction fees go up to crazy amounts and the network slows down. It seems to be a victim of it's own success, but maybe the next iteration of crypto-currency will overcome such an issue. It can still be useful in some situations, especially if the recipients don't have access to other financial facilities.

spasmadness

jr. member

Activity: 55

Merit: 10

if transacitons were faster and cheaper it could be accepted as a mean of payment, volatility wont affect this type of day to day transactions

MiningSensei

hero member

Activity: 766

Merit: 509

have a hot welcome Mr New investor, it will take a long time until you understand how all this system works! Just have a breath and try to learn how it works if you do not even have a single idea of how it does so.

Quote from: AutisticKid on December 22, 2017, 04:09:38 AM

Due to how volatile prices of bitcoin are, they cannot be accepted anywhere in the world. 6000 dollars down in a mere time of 4 days! WTFFFF

It's funny because you are blaming the volatility, and in fact, if it is not accepted it is because of the fees, not because of the volatility.

Quote from: AutisticKid on December 22, 2017, 04:09:38 AM

its price increased by 20 dollars while taking a screenshot LOL

We all love to see our balance going up, and without volatility, it wouldn't happen anymore, and i bet all my funds that you wouldn't be happy too.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: AutisticKid on December 22, 2017, 04:09:38 AM

Due to how volatile prices of bitcoin are, they cannot be accepted anywhere in the world. 6000 dollars down in a mere time of 4 days! WTFFFF
its price increased by 20 dollars while taking a screenshot LOL

Cannot be accepted anywhere in the world? Welcome to bitcoin anyway, this is new to you guys but you have to be aware that this how volatility can give you the advantage of keep on buying. If you are talking about countries or governments can't accept this type of coin, they can implement it if they don't want to. But bitcoin has been accepted anywhere in the world for years already.

HabBear

hero member

Activity: 1106

Merit: 638

Quote from: AutisticKid on December 22, 2017, 04:09:38 AM

Due to how volatile prices of bitcoin are, they cannot be accepted anywhere in the world. 6000 dollars down in a mere time of 4 days! WTFFFF
its price increased by 20 dollars while taking a screenshot LOL

Welcome to our world, kid.

We call that kind of a swing "normal", "working as designed", "Tuesday"...

Those kind of swings are common. We even have a term for it; HODL...hold on for dear life!

After a drop like that you should be looking for the bounce, the support that's been waiting on the sidelines that just floods in and bounces Bitcoin off its most recent low from the correction. Check out the charts from 2017...astonishing stuff!

fat buddah

full member

Activity: 336

Merit: 102

Get Ready to Make money.

And what is wrong with that? If you are butthurt because you do not have any bitcoins at the moment then it is not my fault. Or if you are mad because you dump all your coins yesterday, it is not my fault too.
Came on.. We all know how volatile it is.

player514

legendary

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Merit: 1039

Quote from: AutisticKid on December 22, 2017, 04:09:38 AM

Due to how volatile prices of bitcoin are, they cannot be accepted anywhere in the world. 6000 dollars down in a mere time of 4 days! WTFFFF
its price increased by 20 dollars while taking a screenshot LOL

Think about what you just said, though. The reason it's accepted is because for the most part, we've been seeing gains of that same caliber. After all, this is the reason there are so many people invested in bitcoin right now.

Of course, it's very volatile and that makes it tough to use as a currency, but always remember that bitcoin is beyond a currency and it's beyond an asset at the same time. It's a unique form that people haven't really seen in the past, so don't get the investors and the users jumbled. I understand where you're coming from, but I think there's a long way to go in terms of bitcoin and we'll see some improvements (hopefully) in the coming year.

cellard

legendary

Activity: 1372

Merit: 1252

Quote from: jayc89 on December 23, 2017, 01:56:09 PM

Quote from: AutisticKid on December 22, 2017, 04:09:38 AM

Due to how volatile prices of bitcoin are, they cannot be accepted anywhere in the world. 6000 dollars down in a mere time of 4 days! WTFFFF
its price increased by 20 dollars while taking a screenshot LOL

The USD moves pretty much every second. Bitcoin is just another thing with the similar situation on the price.

This is nonsense. The USD is perceived as of static value. Sure, it's value moves, but it's same-ish enough to be able to be used for daily usage.

It's actual value is DESCENDING since 1900, but since it happens in slow motion, people don't notice your purchasing power has only gone down since the last century.

BTC is an asset against this devaluation of the dollar, it cannot ever be used as a day-to-day currency unless everyone starts valuating everything against the BTC price and not against the USD price.

jayc89

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CryptoTalk.Org - Get Paid for every Post!

Quote from: AutisticKid on December 22, 2017, 04:09:38 AM

Due to how volatile prices of bitcoin are, they cannot be accepted anywhere in the world. 6000 dollars down in a mere time of 4 days! WTFFFF
its price increased by 20 dollars while taking a screenshot LOL

The USD moves pretty much every second. Bitcoin is just another thing with the similar situation on the price.

AutisticKid

newbie

Activity: 6

Merit: 0

Due to how volatile prices of bitcoin are, they cannot be accepted anywhere in the world. 6000 dollars down in a mere time of 4 days! WTFFFF
its price increased by 20 dollars while taking a screenshot LOL

Topic: Acceptance (Read 178 times)