Topic: Bitcoin is Becoming a Global Currency - page 142. (Read 226365 times)

Well maybe some people think bitcoin will devalue over time from here on out and fluctuate at a price way lower than what it was in 2013; that doesn't mean that people still won't believe in the value of a decentralized currency that can be globally used.  Honestly, I think that there will be 3 or 4 major players in the crypto world that would offer different capabilities.  That, in turn, means that bitcoin would have to share the market of who uses cryptocurrency (because, let's face it... fiat isn't going anywhere).

So what I'm trying to get at is that maybe more and more people are starting to not like how bitcoins volatile market is going right now due to the blockchain debate... so people with bitcoins (I think) are starting to hedge funds into altcoins that they think are going to "make it". When I say "make it" I don't mean surpass the price of bitcoin, but instead be a major player that has substantial amount of value above a couple of dollars per coin.  Therefore, the occasional bubble and bursts of btc are going to happen for a while now because when people see it declining in price, they aren't just buying btc because they think that it's going to go to $900 again... but they are trying to ride the bull to a certain price point to get more "bang for their buck" to get more altcoins per btc.

Yeah, but at what point do you consider it to be officially a decline?

I buy in small amounts, but at this point in time. I think buying in general should be avoided despite people stating its cheap, and further your creative options to get it by selling something or other creative ways then buying a coin.

cause you know some go all-in and now they are in debt based on the rate dependency.

Yea but i`m not trading USD, so i dont really care about it. In fact I dont even have any USD anymore, sold the some I had months ago.

I hold some EUR, but i`ll sell that too soon if SHTF, especially as the QE in europe has been admitted by the IMF that it didnt had any results, so they will probably do more of it.

Japan does QE for 30 years, and they are near hyperinflation, if 1 domino falls they will all fall.

These currency wars are a race to the bottom, and they will all be worth toilet paper soon.

Might be referring to the recent issue regarding different versions of bitcoin, XT and Core in particular. Because the network couldn't reach to a consensus or even a compromise, some people believe that the network would be split in different parties believing in different bitcoin implementations and might remain like that until consensus is finally reached. The XT guys are stressing out that if we really want to see widespread adoption, we should take into consideration that 1MB block size limit is pretty small to that matter whereas Core guys believe that 1MB block size limit is in itself sufficient to handle future transactions regardless of growth and should only change once the need for it arises.

What is the bitcoin split?

True, as the saying goes "The market can remain irrational longer than you can remain solvent". While some speculate that the day some of the major currencies will hit zero could be soon, that’s not my belief. I think we’re going to wait a few decades.

I`m just more worried on the bitcoin split.

And since most common users only know one wallet or the normal person coming to bitcoin will have a hard time what the 2 differences are lol.

That is the point, still need some problem which should to solved(block size i means ).
people afraid to invest is because bitcoin price is volatile with significantly, bit for who believe to bitcoin they will haven't doubt.

The most basic phone cant do everything on sms, but as long it has the form of internet to proceed transactions then yeah sms is a no brainer.

If you dont have internet, its almost impossible.

Its no doubt that intrisinc value will become zero.

But its a matter of when and how many more years it`ll take to be zero is the waiting process lol.

I personally dont think it`ll happen anytime soon though.

If its a "currency" we should see more transactions for commerce. I think more of the part where bitcoin has way too many areas to increase its value in any market and the black market.

So eventually itll go up, despite global currency or not.

Its already a global money transmitter, but it wont be a currency format I see.

It challenges the usd dollar to replace, and if its the world reservce currency and if the usd failed, then another country can step in its fiat form.

theres no doubt bitcoin becoming a global currency if it keeps rising then it will soon. but before that it will be a problem to. it will be used on blackmarket,laundering and other criminal transaction.

They will both fight with eachother until all of them simultaneously reach their intrinsic value:  0.

Its called currency wars, and it will end in a few years, of that I have no doubt. Now it can end softly, or it can end the hard way.

But eventually hyperinflation will be inevitable. So then bitcoin will have a strong up-hand!

Well, unless your friends are willing to invest tens of thousands of dollars I don’t see why anyone could be afraid; invest a sum that, if everything goes to hell, you’ll not be afraid to lose, maybe a few hundreds, tops. Familiarize yourself with the bitcoin community and see if it’s for you.

It was recently a decline, so to invest in something we should look when the price is cheap. But it can go lower and lower and the return of investment (ROI) would take just too long to get back the money.

the best time to invest actually is when there is decline, a few weeks and there will be the same bubbles, same increase and decline and the cycle keeps repeating itself, its an investment and its volatile. Time to deal with it and make better choices than rant on forums question speculation graphs and authenticity of statistics.. Its not that complicated, man

Bitcoin is a baby but it has started to walk , i see especially my friends time by time are more interested about bitcoin but as anyone are afraid to invest because of decline. Fiat has it own place and can't be replaced by bitcoin but online bitcoin is competitive.

i think it can be a global currency cause you can exchange
bitcoin to any currency you want

Regardless of speculation, I don't see fiat disappearing anytime soon. Only expand, remember there are bazillions of currencies in existance. Working in parallel. Each have it's niche, either beeing locally accepted or universally applicable (as in world's reserve)