Bitcoin Is Complete Garbage!!! - page 9.

deisik

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Quote from: piloder on June 16, 2017, 12:14:57 AM

I like this point

Quote

Competition from all sides

Bitcoin market dominance have decreased significantly over the last few months this is due to new money flowing towards other alts like to ETH. However I don't think Bitcoin will ever loss its charm because it is still the most secure and strong crypto out there. Support for BTC is really massive so that price can't get bigger dump. Competitors might share total crypto marketcap

That remains to be seen

We don't know how much money has actually flown into other alts and especially into Ethereum. If Ethereum founders are really holding 60% of premined ETH tokens (I don't know if it's true or not), that means its "market cap" is even more deceiving that it is on average between altcoins. If you premine most of coins while only some get actually traded with the rest being locked (which seems to be the case with Ethereum), you may claim insane market cap but it won't have any meaning and bearing on reality (apart from luring in inexperienced folks)

AGD

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Quote from: Sex Video Chat VKcams.com on June 16, 2017, 01:27:18 AM

Quote from: AGD on June 16, 2017, 01:09:18 AM

I spent Bitcoin to buy food

Oh, You have a food shop, that accept electronic money?
Make please a picture and video, how it work.

Atm you can buy food for Bitcoins here:

https://www.menufy.com/bitcoin
https://www.reddit.com/r/Bitcoin/comments/6628a4/countries_where_its_possible_to_buy_food_for/
http://spendbitcoins.com/places/c/food/
https://www.survivalfood.com/bitcoin/
https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/

You can also buy food at OpenBazaar http://openbazaar.org.
If you live in Japan you will be in a Bitcoin heaven soon:
https://news.bitcoin.com/bitcoin-accepted-260000-stores-summer/

You want to buy Gold for Bitcoins? Check here:
https://www.bitgild.com/

Want more? Use Google ...

Astvile

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Youre thread is common specially for the users who post shits and things negative on bitcoin.Everyone knows how the volatility has a huge efffect on bitcoins so sudden drops on price is not new at all bro its not a garbage its part of grwing

danherbias07

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Funny it was posted here to where bitcoin is breathing.
Those who think it is garbage can stay that way and stay away from bitcoin.
We have our own opinions here. If they dont like it, that doesnt mean everyone should not like it too.
It is a good article though. Just to get more strength in having faith with bitcoin.

franklin9

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I don't know if you are just sending us the article or voicing your opinion, but BTC isn't garbage and is a very good and efficient system, even in regards to non-digital payments.
And if you are not just against the whole crypto, but suggesting other things like ETH (Which already had a fork and tons of security issues), Then I would prefer bitcoin.

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Quote from: AGD on June 16, 2017, 01:09:18 AM

I spent Bitcoin to buy food

Oh, You have a food shop, that accept electronic money?
Make please a picture and video, how it work.

batang_bitcoin

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The writer seems to give new investors fear and wants to think first before entering bitcoin. And I can say that this article is a bias one

Quote from: http://www.marketwatch.com/story/stay-away-from-bitcoin-its-complete-garbage-2017-06-15

have two actual uses: online gambling and money laundering.

He looks only on the dark side of bitcoin which is also applicable to fiat and as well as different local currencies. Paid article, I've been a lot of this one before.

ethereumhunter

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i think the writer need to read many info about bitcoin before he wrote that article. i don't agree that he said bitcoin is complete garbage, i am not sure that he don't use bitcoin because we can see bitcoin is very tempting for everyone now. we know that many people is attracting into bitcoin industry is because bitcoin giving many benefits to them so they can really make money with bitcoin.

slaman29

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The problem with clickbait is that it works. You can even add three exclamation marks to prove you're clickbait and the hits will still come to your page.

Even if he was right about crypto only being used for gambling and money laundering, online gambling has been the second biggest earner on internet (after porn) for 20 years now. He's ignorant for saying it has no business model.

Bitcoin user: Hey have you heard about Bitcoin?
Writer of clickbait: It's complete garbage!!!
Bitcoin user: Oh. Okay.
Writer of clickbait: Stay away!!! It's only used for gambling and laundering!!!
Bitcoin user: Actually -
Writer of clickbait: It's complete garbage!!!

AGD

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Quote from: Sex Video Chat VKcams.com on June 16, 2017, 12:45:54 AM

Quote from: biter66 on June 16, 2017, 12:41:33 AM

People gain real money from the use of Bitcoin.

Make some example.

Some personal examples:

- I earned Bitcoins working as translator for a company that is 10000km away from my home. Transaction was confirmed quickly.
- I spent Bitcoin to buy food/precious metals/goods/services
- I have given Bitcoins as a birthday present
- I sold some things on OpenBazaar for Bitcoins.
- I made easy and quick donations using Bitcoins.
- Bitcoin/Altcoin trading works good and withdrawals are cheap.
- I have won some Bitcoins on gambling sites.

Bitcoin for me is pretty useful.

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Quote from: dothebeats on June 16, 2017, 12:50:46 AM

The market is totally saturated with people who just went in without thinking what it really is for

LOL, what it really is for "Bitblinder" in Your Signature?

BossMacko

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I would not say Bitcoin is a garbage, Just think of the people who changed their life because of Bitcoin, think of the people who become success in crypto world because of Bitcoin, Think of those ico developer who was able to create interesting coin that is now has a big price in market. It all started thanks to Bitcoin.

krishnapramod

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Quote from: Minecache on June 15, 2017, 06:13:17 PM

Stay away from bitcoin — it’s complete garbage

http://www.marketwatch.com/story/stay-away-from-bitcoin-its-complete-garbage-2017-06-15

How did this guy just formed the opinion in a 1000 words article that bitcoin is complete garbage? Kudos to his thought process. He has put minimal effort, no research on conveying to the readers why he thinks bitcoin is garbage. +1 for the volatility point, but it is a part of bitcoin, the price tends to fluctuate, but as the market cap increases, the prices would be much more stable, https://www.buybitcoinworldwide.com/volatility-index/

Quote

Have two actual uses: online gambling and money laundering. Neither is the heart of a major business model. But that’s it.

Now bitcoin does serve these two purposes, but its entirely not the heart of its working model. Why would Japan legalize bitcoins if it were used only for gambling and money laundering. Why companies like Overstock, Microsoft, and Gyft and many other opt for bitcoin payment option if it were used for gambling and money laundering only.

Quote

Preposterous?

Absolutely.

dothebeats

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The market is totally saturated with people who just went in without thinking what it really is for and what could be its uses for the masses. And yes, bitcoin has a lot of catching up to do in terms of utility. I mean, is there a large percentage of people who really use bitcoin for shopping or buying things like fiat can do? Heck, there aren't that many stores who officially accepts bitcoin in their businesses to begin with.

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Quote from: biter66 on June 16, 2017, 12:41:33 AM

People gain real money from the use of Bitcoin.

Make some example.

biter66

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I disagree with the article. Bitcoin to me is not garbage to alot of people. I believe that it's very useful and fun to invest in if done responsibly. People gain real money from the use of Bitcoin.

hajimasan

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No i don't believe and seeing someone's post and articles over the internet I won't believe them fully because we human have our common sense and we do have our own thinking system and have complete right to think of our own. so i don't believe that bitcoin is a garbage instead it will prove magical in coming years the rate at which is demand is increasing is quite awesome and we could hope that the money that we had invested in bitcoin will get few fold more in coming 2 3 years and i am not saying about 10 or 20 years so in due course of time our money will have about 10 times the current value or the value when we had invested in bitcoin and I have trust in bitcoin that if government and Law don't make bitcoin illegal throughout the world then one day it will beat every other currency and we could see bitcoin on top list of all. so blaming a technology is not acceptable everywhere and before blaming a technology we should first think of its advantages and disadvantages. and I guess that bitcoin have more advantage over its disadvantages.

xuan87

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I totally don't agree with the article, bitcoin has helped so many people from economic devastations and it has helped so many people to send and received money globally and it is good to have competition from all sides, it will be a healthy competition between crypto currencies so bitcoin really do the best to survive and bitcoin still stay on top, it proves that bitcoin still the best

Amph

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it sounds like one of those angry early adopter that lost his coin and now he is angry against bitcoin because of his fault, the article is garbage not bitcoin, nothing to see here

now there is also this trend of competition from ETH bagholder, which will fight against bitcoin, to make you believe ETH is better, and trick you to buy their scam

piloder

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I like this point

Quote

Competition from all sides

Bitcoin market dominance have decreased significantly over the last few months this is due to new money flowing towards other alts like to ETH. However I don't think Bitcoin will ever loss its charm because it is still the most secure and strong crypto out there. Support for BTC is really massive so that price can't get bigger dump. Competitors might share total crypto marketcap.

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