Topic: Bitcoin *A Game Changer* - page 2. (Read 1349 times)

All of the above are based on bitcoins price going up, is it still going to be a game changer when the price moves sideways for several years or even crashes?


This is the only real thing that makes it a game changer, its the only current method of online payment that is truly irreversible.

I fully agree that bitcoin has been a fundamental game changer, but probably not there where one thought it would be.  It is not so much the "payment system" that is the game changer.  Yes, you can transact value with bitcoin.  But essentially, you're *mostly* still jumping in and out of bitcoin before and after transaction, through centralized exchanges, and bank accounts.  Sure, you can occasionally buy something with bitcoin.  Yes, you can sell something for bitcoin.  But, apart from dark markets, this is not where it was a game changer.

The *real* game changer that bitcoin brought, was that, together with alt coins, this has brought highly speculative finance directly to the common of mortals including those with a lot of money but no serious access to regulated finance.  Highly speculative finance is not the exclusive domain of financial institutions any more, and the common of mortals can now access a world of hard speculation through a simple exchange, without any rules, and doesn't need the controlled and expensive access through financial institutions any more.  A whole NEW SPECULATIVE FINANCE world is born with bitcoin and alt coins ; one where relatively important fortunes can be made and destroyed with much higher volatility than in the wildest of dreams in the front rooms of big financial institutions.

Bitcoin has liberated financial speculation from being locked up in the world of regulated big finance, and brought a very raw form to the mere mortals.  THIS is where bitcoin has been a game changer ; especially with the relatively high market caps around that allow to gamble big money.

To me, this is quite ironic, as Bitcoins' genesis block contains a reference to the banking crisis of 2007-2008, which was the result of too risky speculation.  People have taken this as a critique of the speculative financial institutions, but in fact, bitcoin was the start of a much wilder speculative adventure, that is only beginning, now that bitcoin is "averaging out" with alt coins, making for a REALLY WILD gambler's market, far beyond the wildness of what brought us the crisis of 2007 (or of 1929, for that matter).  Watch it grow to unseen heights.

Yes, Bitcoin is indeed a game changer. It is now $30 billion worth of economy in its own.


Generally external job environment is not very supportive for newcomers especially teens. Bitcoin has removed this bar and emerged as a lucrative mean to earn for almost every age group. Along with earning, bitcoin as an investment as you mentioned is also a game changer. If we read the articles of present day investment gurus, most of them do allocate certain proportion of their investment money to bitcoin. Bitcoin performance as an asset is unmatchable.

Some game changer for me:

1. It provide me a extra money in the pocket.
2. I can play online gambling without any hassle of giving out personal information
3. You can do trading and make profit
4. You can invest in bitcoin as store of value
5. Another option for sending remittances
6. Option for online payment

I think this is some of the game changer for me personally.

Only in the field of gambling

As far as I have seen by using bitcoin sole purpose of it is Gambling and to buy stuff without being traced.

Another "feature" of bitcoin is that confirmed transaction can not be reversed... This is an important feature of a trustless system. I once thought of buying alt-coins, but after reversal of ethereum's blockchain after the DAO case, I am not convinced by any other altcoins...

1. I think they're just lucky i mean they the early adopter who bought bitcoin when the price was really low and selling them when the price is high, some of them got bitcoin from other activities like selling or offering something.
2. Investing in bitcoin is a good though, as we can see in recently years bitcoin showing good progress as an investment.
3. Back to point 1 those who sucess in bitcoin are mostly early adopter that's why they can open their bussiness in real life.
As for me "decentralized" and "simplicity" no one control your money even the government, you have ultimate control over them and one more thing you can't be taxed.

personally... having a quick access in crypto currency exchange markets, It has changed the whole new concepts and creating more opportunities to those who wants to invest / trade in order to earn some extra cash for small and big time businesses. But for me, as its intended use, Bitcoin gives me a quick and secured online transactions. I just have concerns with high fluctuations on price, it is very unhealthy on the market nowadays...

how about some real game changers:
1. decentralized and peer to peer.
nobody can block your account, take your money, tell you how to use or not use it. where to use it,...
nobody can change it without the whole network agreeing to the change.

2. 100% secure and unhackable.
all the systems such as credit cards,... have been hacked numerous times. bitcoin IS NOT hackable and they have been trying for 8 years.

3. privacy.
as in you not needing to give all your documents and pictures,etc to the merchant just to buy something with your money. and also a certain level of anonymity.

4. irreversible transactions.
this gives the merchants the security they have always wanted while using payment systems such as paypal (with charge back and fraud) and credit cards (with lots of hacks and fraud).

5. open source

I am one example of those people. I do not have any credit card or access to internet banking/money back then. I always wanted to create my own website with top-level domain but I couldn't as I do not have 'money' to purchase domain online. I was forced to use domain that people do not know of or feel scammy such as .tk, .ml and other free sub domains.

Bitcoin changed my online life. With Bitcoin (and signature campaign), I am able to purchase top-level domain from Namecheap and hence creating a more creditable website. To add on, it enable me to start my own online businesses. As a Legendary member, been in the Bitcoin world for many years, I have never purchase any Bitcoin but it totally changed my online lifestyle.

TLDR; Bitcoin gave me a head start in my career.

1 Bitcoin doesnt changes the financial condition of people, It is only true for early adopters, Which has happened already. I still believe it will change the situation of some people as we have yet to reach the mass adoption...
I agree with you that it is a platform for big investors to play god. They can literally pump and dump as much as they want, making tons of cash in the process.

Bitcoin is a game changer in many ways, Like For Example, worldwide almost instant transactions, low fees, can't be taxed, Decentralized the list goes on. But in the end it will always depend on how the end user uses it. It will be a game changer for an average joe and a drug lord. bitcoin will always have the two sides, that's why governments are so worried about it.

bitcoin is just money and people who can make money will make bitcoin too and vice versa. bitcoin doesn't change anything about it.

a trader trades anything, bitcoin, altcoin, forex, stocks, gold and makes money from all of them.

this also can be done with fiat. if you can run a business you can do it with bitcoin too. and vice versa.

in short none of your reasons sound to me like any "game changer".

however, if you see bitcoin as this decentralized cryptocurrency that you can use safely and without needing any banks or any third party for that matter, then you start getting closer to the meaning of "game changer" and all the things you listed can be somewhat true.

It is a game changer, and one reason is enough to explain why: financial freedom. It allows us to break free from banks, it allows us to be our own bank. Even if Bitcoin dies, its ideas will still be here and I'm hoping that in a not too distant future we can stop using banks entirely. This in itself is a really big game changer, it changes something that was simply "just like this" for years

Do you think bitcoin is a Game Changer? If yes then enlist your reasons?

For me:

1.Bitcoin changes financial condition of many people who don't have any source of income before joining bitcoin.
2. It give platform to investor to get high profit by investing money.
3. Many people start their business offline by earning from bitcoin.