Topic: Bitcoin is here to stay (Read 507 times)
Exactly right. As long as any item on this planet has a demand from people it will have a worth. It's my belief that there will come a time when any of us, or whoever who hold btc will be able to name their price if someone want's what we have, supply and demand after all
Bitcoin has developed such a great amount since its commencement, so clearly, it turns into a type of advanced cash, a theoretical resource, a store of significant worth. It's truly up to those individuals who put stock in it on how they will treat bitcoin. However, to supplant USD? I don't figure we can get to that objective yet, however as I have stated, on the off chance that I get an opportunity to utilize it as a type of cash to purchase and afterward pay somebody then I will utilize it, been during it throughout the previous 2 years and I don't disapprove of that. Despite the fact that there could be individuals that will contend to simply clutch it.
The so-called gospel, is backed by transparency (Blockchain history) ....not like the Fiat system ...where the government and private financial systems bury their secrets in centralized ledgers and backroom deals.
Bitcoin is also predictable, because you know what the ultimate amounts of token would be that would be mined...not like Gold, where it is a guessing game of how much Gold would be mined in the future.
The current financial system are designed to favor the insider and the educated, not the general public with limited knowledge about the financial systems and the inner workings of Stock/Commodity trading. (Bitcoin allows EVERYONE to get access to trading and using a global currency that are not being manipulated by any government.)
Bitcoin is also predictable, because you know what the ultimate amounts of token would be that would be mined...not like Gold, where it is a guessing game of how much Gold would be mined in the future.
The current financial system are designed to favor the insider and the educated, not the general public with limited knowledge about the financial systems and the inner workings of Stock/Commodity trading. (Bitcoin allows EVERYONE to get access to trading and using a global currency that are not being manipulated by any government.)
I believe in both statement as Bitcoin is a digital currency as most of the people uses it for their transactions and it is also an investment as many of us use it for investing. So as long as we use it and knows how to use it then it doesn't matter at all.
That's right, I've carried out both missions and everything is fine. But behind it all there is something that I learned that blockchain technology. Maybe many people don't care, but I can understand a little about that.
This is a mistake.
For bitcoin is not a currency; it is not money—it is a speculative hedge, an investment, a form of trading, and, quite possibly, the great white whale of finance.
Possibly—but only possibly.
The temptation to talk about bitcoin as the sole product of its inventor’s brilliance has grown during the crypto bubble because, as we know from the history of equity markets and from history as a whole, perception is all. And with a product as new as bitcoin, the halo effect is just enormous.
People talk about bitcoin because they can. After all, even if it has a host of technical limitations and flaws, it is not as boring as the existing consumer-facing products from the payment sector. And bitcoin is not as easy to move money as, say, the ability to convert cash to gold or fiat currency (the dollar, yen, pound, euro). But it’s a hedge, or an investment, or a speculative play, or a currency trading instrument, and those are all ways of getting one to your place of business, or to the point of travel, or to a lender. And, hence, it’s all there in one place, in crypto.
And, especially as I indicated here, it is far easier to talk about bitcoin than to talk about gold, and perhaps even to get people to look at fiat currencies. In that sense, bitcoin is both a new form of money and a solution to the demand for money among an otherwise invisible set of people.
Although bitcoin is a speculative play, I also think its rise tells us something very much larger about how our financial systems work—even if we haven’t come to terms with those larger forces.
Bitcoin is hardly the first effort to create some sort of secure virtual currency that was supposed to replace the US dollar, or a basket of other currencies, or whatever. But here is my problem: I don’t understand how money is supposed to be created. The same people who worry about the lack of transparency in many virtual currencies are of the same people who do not fully understand how accounting works, yet they throw around nearly impossible-to-review theories as if they were all knowable as gospel.
https://www.truepnl.com/
For bitcoin is not a currency; it is not money—it is a speculative hedge, an investment, a form of trading, and, quite possibly, the great white whale of finance.
Possibly—but only possibly.
The temptation to talk about bitcoin as the sole product of its inventor’s brilliance has grown during the crypto bubble because, as we know from the history of equity markets and from history as a whole, perception is all. And with a product as new as bitcoin, the halo effect is just enormous.
People talk about bitcoin because they can. After all, even if it has a host of technical limitations and flaws, it is not as boring as the existing consumer-facing products from the payment sector. And bitcoin is not as easy to move money as, say, the ability to convert cash to gold or fiat currency (the dollar, yen, pound, euro). But it’s a hedge, or an investment, or a speculative play, or a currency trading instrument, and those are all ways of getting one to your place of business, or to the point of travel, or to a lender. And, hence, it’s all there in one place, in crypto.
And, especially as I indicated here, it is far easier to talk about bitcoin than to talk about gold, and perhaps even to get people to look at fiat currencies. In that sense, bitcoin is both a new form of money and a solution to the demand for money among an otherwise invisible set of people.
Although bitcoin is a speculative play, I also think its rise tells us something very much larger about how our financial systems work—even if we haven’t come to terms with those larger forces.
Bitcoin is hardly the first effort to create some sort of secure virtual currency that was supposed to replace the US dollar, or a basket of other currencies, or whatever. But here is my problem: I don’t understand how money is supposed to be created. The same people who worry about the lack of transparency in many virtual currencies are of the same people who do not fully understand how accounting works, yet they throw around nearly impossible-to-review theories as if they were all knowable as gospel.
https://www.truepnl.com/
This is unarguably true. Bitcoin is here and will be here forever. Bitcoin is the first digital currency, although many people do not see it as one, and will continue to be adopted.
For now, the adoption of bitcoin might be very slow because a lot of people do not trust a currency they can not hold. I do believe that with time, these people will get to discover the numerous advantages of bitcoin and hence adopt it.
I do believe that bitcoin is here and is here to stay. Nothing, not even bearish trends or scams related to crypto can stop that.
Bitcoin will really stay due to the fact that people are seeing some great opportunities here compare to the other traditional platforms where people can earn low percentage only.
And I'm not surprise with the slow adoption since somehow many bad incident that creates fear to the merchants and new investors to come here as well the educational teaching on mainstream media is so lacking and sometimes they mislead the news about bitcoin so expect that we will encounter a struggle in terms if fast adoption.
I believe in both statement as Bitcoin is a digital currency as most of the people uses it for their transactions and it is also an investment as many of us use it for investing. So as long as we use it and knows how to use it then it doesn't matter at all.
For bitcoin is not a currency; it is not money—it is a speculative hedge, an investment, a form of trading, and, quite possibly, the great white whale of finance.
I've said it a lot before, and I'm going to say it again. Bitcoin is for whatever you want to use it for. You think bitcoin is only mostly an investment and a speculative hedge? Whatever, I'm going to use it as a currency anyway. Why? Because I can.
And that's the whole point of bitcoin. Freedom and sovereignty with your money.
This is a mistake.
For bitcoin is not a currency; it is not money—it is a speculative hedge, an investment, a form of trading, and, quite possibly, the great white whale of finance.
Possibly—but only possibly.
The temptation to talk about bitcoin as the sole product of its inventor’s brilliance has grown during the crypto bubble because, as we know from the history of equity markets and from history as a whole, perception is all. And with a product as new as bitcoin, the halo effect is just enormous.
People talk about bitcoin because they can. After all, even if it has a host of technical limitations and flaws, it is not as boring as the existing consumer-facing products from the payment sector. And bitcoin is not as easy to move money as, say, the ability to convert cash to gold or fiat currency (the dollar, yen, pound, euro). But it’s a hedge, or an investment, or a speculative play, or a currency trading instrument, and those are all ways of getting one to your place of business, or to the point of travel, or to a lender. And, hence, it’s all there in one place, in crypto.
And, especially as I indicated here, it is far easier to talk about bitcoin than to talk about gold, and perhaps even to get people to look at fiat currencies. In that sense, bitcoin is both a new form of money and a solution to the demand for money among an otherwise invisible set of people.
Although bitcoin is a speculative play, I also think its rise tells us something very much larger about how our financial systems work—even if we haven’t come to terms with those larger forces.
Bitcoin is hardly the first effort to create some sort of secure virtual currency that was supposed to replace the US dollar, or a basket of other currencies, or whatever. But here is my problem: I don’t understand how money is supposed to be created. The same people who worry about the lack of transparency in many virtual currencies are of the same people who do not fully understand how accounting works, yet they throw around nearly impossible-to-review theories as if they were all knowable as gospel.
https://www.truepnl.com/
For bitcoin is not a currency; it is not money—it is a speculative hedge, an investment, a form of trading, and, quite possibly, the great white whale of finance.
Possibly—but only possibly.
The temptation to talk about bitcoin as the sole product of its inventor’s brilliance has grown during the crypto bubble because, as we know from the history of equity markets and from history as a whole, perception is all. And with a product as new as bitcoin, the halo effect is just enormous.
People talk about bitcoin because they can. After all, even if it has a host of technical limitations and flaws, it is not as boring as the existing consumer-facing products from the payment sector. And bitcoin is not as easy to move money as, say, the ability to convert cash to gold or fiat currency (the dollar, yen, pound, euro). But it’s a hedge, or an investment, or a speculative play, or a currency trading instrument, and those are all ways of getting one to your place of business, or to the point of travel, or to a lender. And, hence, it’s all there in one place, in crypto.
And, especially as I indicated here, it is far easier to talk about bitcoin than to talk about gold, and perhaps even to get people to look at fiat currencies. In that sense, bitcoin is both a new form of money and a solution to the demand for money among an otherwise invisible set of people.
Although bitcoin is a speculative play, I also think its rise tells us something very much larger about how our financial systems work—even if we haven’t come to terms with those larger forces.
Bitcoin is hardly the first effort to create some sort of secure virtual currency that was supposed to replace the US dollar, or a basket of other currencies, or whatever. But here is my problem: I don’t understand how money is supposed to be created. The same people who worry about the lack of transparency in many virtual currencies are of the same people who do not fully understand how accounting works, yet they throw around nearly impossible-to-review theories as if they were all knowable as gospel.
https://www.truepnl.com/
This is unarguably true. Bitcoin is here and will be here forever. Bitcoin is the first digital currency, although many people do not see it as one, and will continue to be adopted.
For now, the adoption of bitcoin might be very slow because a lot of people do not trust a currency they can not hold. I do believe that with time, these people will get to discover the numerous advantages of bitcoin and hence adopt it.
I do believe that bitcoin is here and is here to stay. Nothing, not even bearish trends or scams related to crypto can stop that.
Bitcoin will remain and will not be lost. because bitcoin is the world's first digital asset and the world's first virtual currency, so bitcoin will remain forever. bitcoin can also be used as an investment tool or stock trading so bitcoin will last forever
Nobody can predict if how long it will last because bitcoin has a lot of disadvantages comparing to fiat however a lot of people still uses bitcoin as a part of the adaptation process because us, as bitcoin promoters our mission is to mass promote the bitcoin in order for a lot of people to mass adapt this currency.I think that the peak of bitcoin's popularity has already passed. In 2018, everyone who wanted to get acquainted and try bitcoin for themselves has already done so and expect an even bigger wave after the one that was no longer worth it. The extent to which bitcoin is now widely used around the world in principle covers all the necessary need.
That is true. But I also want to believe that for as long as there are crypto enthusiasts, it will also stay long. I agree with the previous replies that pointed out the different features of Bitcoin, compare to other currencies, and why it is taken as an investment and not its primary function as a currency. Although many have really adopted cryptocurrencies today, I think it will take more time for everyone to acknowledge this currencies as part of ever-evolving society.
Bitcoin will remain and will not be lost. because bitcoin is the world's first digital asset and the world's first virtual currency, so bitcoin will remain forever. bitcoin can also be used as an investment tool or stock trading so bitcoin will last forever
Nobody can predict if how long it will last because bitcoin has a lot of disadvantages comparing to fiat however a lot of people still uses bitcoin as a part of the adaptation process because us, as bitcoin promoters our mission is to mass promote the bitcoin in order for a lot of people to mass adapt this currency.I think that the peak of bitcoin's popularity has already passed. In 2018, everyone who wanted to get acquainted and try bitcoin for themselves has already done so and expect an even bigger wave after the one that was no longer worth it. The extent to which bitcoin is now widely used around the world in principle covers all the necessary need.
Bitcoin will remain and will not be lost. because bitcoin is the world's first digital asset and the world's first virtual currency, so bitcoin will remain forever. bitcoin can also be used as an investment tool or stock trading so bitcoin will last forever
Nobody can predict if how long it will last because bitcoin has a lot of disadvantages comparing to fiat however a lot of people still uses bitcoin as a part of the adaptation process because us, as bitcoin promoters our mission is to mass promote the bitcoin in order for a lot of people to mass adapt this currency.
Bitcoin will remain and will not be lost. because bitcoin is the world's first digital asset and the world's first virtual currency, so bitcoin will remain forever. bitcoin can also be used as an investment tool or stock trading so bitcoin will last forever
The only adoption is what do we need for Bitcoin to stay. Common people just come and go because they never understand crypto and the capabilities to understand as well.
Bitcoin's creation is for intended for as a currency but it was far from its realization since most bitcoin holders never sees that thing but to consider it as an asset for investment. But the good thing with the situation today that contibuted to crypto market is that people are making their way to use Bitcoin for payment aside from considering it as an investment.
Because they have no Idea what Bitcoin is and most of those Leaving this market are those Greed that fails in their target easy money.Bitcoin's creation is for intended for as a currency but it was far from its realization since most bitcoin holders never sees that thing but to consider it as an asset for investment. But the good thing with the situation today that contibuted to crypto market is that people are making their way to use Bitcoin for payment aside from considering it as an investment.
Because looking at what the situation is?Most people that enters Crypto without proper knowledge and will,always come to losses.
I only see bitcoin as a digital currency which has been said by the creator of bitcoin, namely Satoshi Nakamoto, so whatever the complete description, you all will not care about it, because in my opinion bitcoin is not just for investment, bitcoin can be used according to your own wishes and needs depending on how you will do it.
But this is what the way this community and market goes,SOme looks at this as investment while others use this as real currency(in limited ways i guess)but Bitcoin will always here to stay and that is something what i believe to.
The first step to bitcoin adoption is to accept that it's a currency. After all, it's competing against fiat money, which is also a currency (in terms of the goal to decentralize the financial system). Imagine inventing the time machine, but after introducing it to the public, it was accepted and used as a teleportation machine instead. That time machine will never serve its purpose.
A lot of people do still think that bitcoin is not a currency due to its volatility in the market.
But when you connect it in to the use of fiat in terms of the market, bitcoin can somehow have a huge difference to it.
If you are knowledgeable about bitcoin's capability of making someone become successful and you are not affected by other people on how you use it in the market. Therefore, you are in the right path and you are treating bitcoin and using it in the proper way. You are trusting it and you are treating it just a normal currency that you make as an asset for your investment.
Many call it as investment since this is introduce as investment to the other persons promising that they can earn huge with bitcoins so its not a surprise if someone call bitcoin as investment and not a currency.
The profitability can potentially bring by bitcoin is so huge especially if you know how to play the market volatility but if people just dive in and seek for quick scheme then most provably they will lost their money for some uncertain things.
The only adoption is what do we need for Bitcoin to stay. Common people just come and go because they never understand crypto and the capabilities to understand as well.
Bitcoin's creation is for intended for as a currency but it was far from its realization since most bitcoin holders never sees that thing but to consider it as an asset for investment. But the good thing with the situation today that contibuted to crypto market is that people are making their way to use Bitcoin for payment aside from considering it as an investment.
Bitcoin's creation is for intended for as a currency but it was far from its realization since most bitcoin holders never sees that thing but to consider it as an asset for investment. But the good thing with the situation today that contibuted to crypto market is that people are making their way to use Bitcoin for payment aside from considering it as an investment.
legendary
Activity: 2576
Merit: 1043
Need a Marketing Manager? |Telegram ID- @LT_Mouse
This is a mistake.
For bitcoin is not a currency; it is not money—it is a speculative hedge, an investment, a form of trading, and, quite possibly, the great white whale of finance.
Bitcoin can be used as whatever the investor wants it to use.For bitcoin is not a currency; it is not money—it is a speculative hedge, an investment, a form of trading, and, quite possibly, the great white whale of finance.
Bitcoin for others can be a currency (unfortunately this isn't the case as most of the people aren't using Bitcoin for transaction purposes like customer-merchant transaction).
Bitcoin for others can be a form of investment like the stock market and the like.
Bitcoin for other can be a speculative hedge like what most are doing now. Investing some of their money just to hedge. No evidences regarding this just my opinion and my feeling
.Bitcoin will be here to stay for sure and please remove your spam link in the end of your post
. The first step to bitcoin adoption is to accept that it's a currency. After all, it's competing against fiat money, which is also a currency (in terms of the goal to decentralize the financial system). Imagine inventing the time machine, but after introducing it to the public, it was accepted and used as a teleportation machine instead. That time machine will never serve its purpose.
A lot of people do still think that bitcoin is not a currency due to its volatility in the market.
But when you connect it in to the use of fiat in terms of the market, bitcoin can somehow have a huge difference to it.
If you are knowledgeable about bitcoin's capability of making someone become successful and you are not affected by other people on how you use it in the market. Therefore, you are in the right path and you are treating bitcoin and using it in the proper way. You are trusting it and you are treating it just a normal currency that you make as an asset for your investment.
I only see bitcoin as a digital currency which has been said by the creator of bitcoin, namely Satoshi Nakamoto, so whatever the complete description, you all will not care about it, because in my opinion bitcoin is not just for investment, bitcoin can be used according to your own wishes and needs depending on how you will do it.
This is a mistake.
For bitcoin is not a currency; it is not money—it is a speculative hedge, an investment, a form of trading, and, quite possibly, the great white whale of finance.
Then should we change it to crypto speculative hedge instead of calling it crypto currency?For bitcoin is not a currency; it is not money—it is a speculative hedge, an investment, a form of trading, and, quite possibly, the great white whale of finance.
It is really sad to say but most of the newbies really see it as an investment tool not as a currency as it is created for that purpose.
there is no problem what the best word for the most important mention is that bitcoin is still a very lucrative investment and can make people feel happy because they have very valuable bitcoins, apart from not having, for a while of course you will only listen to how those who have bitcoin feel happy.
in some form of the other, yes. Even if it's value goes to 0 there'll also be a recorded history of it on the blockchain, so technically it's built to last forever. The bet however is that it's here to stay AND has value down the line, which I'm sure it will have even 20 years from now.
I am not technically inclined with blockchain and bitcoin to how the transfer works, records and how miners confirm transactions but one thing that I am certain is that btc will not going to end technically because the dev can possibly make an upgrade to the system. Bitcoin may going to end but probably because of regulations and other things that bitcoin has been drag into crimes. For now, it would be hard for the authority to shut down bitcoin system.because it has already establish and community wanted it to which authority could listen to the consumers.
This is a mistake.
For bitcoin is not a currency; it is not money—
Bitcoin is currently quite good and able to survive in the current crypto market, where many markets that trade real currencies are closed.For bitcoin is not a currency; it is not money—
If, you understand correctly about Bitcoin and you are a crypto trader you should know the basic characteristics that can distinguish Bitcoin from other finance.
Bitcoin is currently quite good, accepted among the world community as a digital currency traded on the crypto market, not the other way around.
I once asked a Chinese merchant in my country if she knew about Bitcoin and she said no, that she did not know any millionaires yet. I smiled and told her that anyone can buy Bitcoin doesn't need to be a millionaire.
There are people who need to know about Bitcoin and the key is in us to bring them the best information so that they do not miss the opportunity to belong to our community of bitcoiners and that they can get the best out of it.
There are people who need to know about Bitcoin and the key is in us to bring them the best information so that they do not miss the opportunity to belong to our community of bitcoiners and that they can get the best out of it.
If you ask more people out there, you will found out the same answer that you already asked for the Chinese merchant in your country because people are too busy with their business, and they don't search the new trend on the internet. Cryptocurrency is not yet spread to all countries, and that makes people out there still don't know about crypto.
But whether those people realize or not, bitcoin will be staying with us, and no matter how many people will use it, bitcoin will grow more in the future, and we already saw that happens.
Some people used bitcoin as an investment instrument, and they hope that they will have wealth from bitcoin in the future.
There are a lot of people didn't appreciate and know the use of the bitcoin because some of them are afraid about the things could happen to their money first let's take a look at the bitcoin.
Bitcoin is one of the most popular known in terms of digital currency because this is the main objective of it but the problem is the movies and the scammers.
Movies they reflect the use of the bitcoin with the use as a payment on the black market which is true too but not all the time we are using bitcoin on the bad things
Scammers are using the name of the bitcoin to encourage a lot of investors and after a few weeks, the scam those clients.
I think soon they will adopt the use of the bitcoin because due to this pandemic cashless payment is one of the most recommended.
Bitcoin is one of the most popular known in terms of digital currency because this is the main objective of it but the problem is the movies and the scammers.
Movies they reflect the use of the bitcoin with the use as a payment on the black market which is true too but not all the time we are using bitcoin on the bad things
Scammers are using the name of the bitcoin to encourage a lot of investors and after a few weeks, the scam those clients.
I think soon they will adopt the use of the bitcoin because due to this pandemic cashless payment is one of the most recommended.
Certainly, bitcoin is a "cryptocurrency" and a secondary monetary payment system. So it can be also considered as "digital money".
Some are making it as a literal kind of unnecessary currency not thinking that it was originally made for blockchin technology purposes with of course other important features like digital payments, etc. And yeah, there is a flaws but time will come that bitcoin will be perfectly use base on it's purpose.
Some are making it as a literal kind of unnecessary currency not thinking that it was originally made for blockchin technology purposes with of course other important features like digital payments, etc. And yeah, there is a flaws but time will come that bitcoin will be perfectly use base on it's purpose.
I once asked a Chinese merchant in my country if she knew about Bitcoin and she said no, that she did not know any millionaires yet. I smiled and told her that anyone can buy Bitcoin doesn't need to be a millionaire.
There are people who need to know about Bitcoin and the key is in us to bring them the best information so that they do not miss the opportunity to belong to our community of bitcoiners and that they can get the best out of it.
There are people who need to know about Bitcoin and the key is in us to bring them the best information so that they do not miss the opportunity to belong to our community of bitcoiners and that they can get the best out of it.
This is a mistake.
For bitcoin is not a currency; it is not money—it is a speculative hedge, an investment, a form of trading, and, quite possibly, the great white whale of finance.
Possibly—but only possibly.
The temptation to talk about bitcoin as the sole product of its inventor’s brilliance has grown during the crypto bubble because, as we know from the history of equity markets and from history as a whole, perception is all. And with a product as new as bitcoin, the halo effect is just enormous.
People talk about bitcoin because they can. After all, even if it has a host of technical limitations and flaws, it is not as boring as the existing consumer-facing products from the payment sector. And bitcoin is not as easy to move money as, say, the ability to convert cash to gold or fiat currency (the dollar, yen, pound, euro). But it’s a hedge, or an investment, or a speculative play, or a currency trading instrument, and those are all ways of getting one to your place of business, or to the point of travel, or to a lender. And, hence, it’s all there in one place, in crypto.
And, especially as I indicated here, it is far easier to talk about bitcoin than to talk about gold, and perhaps even to get people to look at fiat currencies. In that sense, bitcoin is both a new form of money and a solution to the demand for money among an otherwise invisible set of people.
Although bitcoin is a speculative play, I also think its rise tells us something very much larger about how our financial systems work—even if we haven’t come to terms with those larger forces.
Bitcoin is hardly the first effort to create some sort of secure virtual currency that was supposed to replace the US dollar, or a basket of other currencies, or whatever. But here is my problem: I don’t understand how money is supposed to be created. The same people who worry about the lack of transparency in many virtual currencies are of the same people who do not fully understand how accounting works, yet they throw around nearly impossible-to-review theories as if they were all knowable as gospel.
https://www.truepnl.com/
For bitcoin is not a currency; it is not money—it is a speculative hedge, an investment, a form of trading, and, quite possibly, the great white whale of finance.
Possibly—but only possibly.
The temptation to talk about bitcoin as the sole product of its inventor’s brilliance has grown during the crypto bubble because, as we know from the history of equity markets and from history as a whole, perception is all. And with a product as new as bitcoin, the halo effect is just enormous.
People talk about bitcoin because they can. After all, even if it has a host of technical limitations and flaws, it is not as boring as the existing consumer-facing products from the payment sector. And bitcoin is not as easy to move money as, say, the ability to convert cash to gold or fiat currency (the dollar, yen, pound, euro). But it’s a hedge, or an investment, or a speculative play, or a currency trading instrument, and those are all ways of getting one to your place of business, or to the point of travel, or to a lender. And, hence, it’s all there in one place, in crypto.
And, especially as I indicated here, it is far easier to talk about bitcoin than to talk about gold, and perhaps even to get people to look at fiat currencies. In that sense, bitcoin is both a new form of money and a solution to the demand for money among an otherwise invisible set of people.
Although bitcoin is a speculative play, I also think its rise tells us something very much larger about how our financial systems work—even if we haven’t come to terms with those larger forces.
Bitcoin is hardly the first effort to create some sort of secure virtual currency that was supposed to replace the US dollar, or a basket of other currencies, or whatever. But here is my problem: I don’t understand how money is supposed to be created. The same people who worry about the lack of transparency in many virtual currencies are of the same people who do not fully understand how accounting works, yet they throw around nearly impossible-to-review theories as if they were all knowable as gospel.
https://www.truepnl.com/
First of all - BTC is not so simple as you see it at first glance. In my opinion your understanding of Bitcoin is a little superficial. In case to consider it like the asset only, so you may be right. But BTC is not an asset) But it is my thinking. And something tells me that this link as something like the hidden advertising. So how is it connected with your topic about Bitcoin? Can you explain?
When I first got to know bitcoin, I thought it was a digital currency that could be used anywhere as long as there was a network available,
the fact is that now many people use Bitcoin for investment not as a medium of exchange,
And it doesn't matter because bitcoin has created a great community right now.
the fact is that now many people use Bitcoin for investment not as a medium of exchange,
And it doesn't matter because bitcoin has created a great community right now.
same here but who wouldnt ? when the price before was only small and btc is also stable people dont have an idea that it can also work perfectly as an investment but they already know it verry late when the value starts to climb . so what if most people use btc as an investment tool ? would you also follow them ? no but just continue using your btc as a currency because thats the reason why you are here or why you have a btc .
Well, most of the people at its early days don't look at it as an investment, they are findings way for people to use it and have an adoption that would make it as a method to pay or used in transactions. It is just when the price explodes, saw the potential of it and invested late on it. As people witness it at its peak, they would get on it hoping they would be taking profit from that volatile movements that is the reason bitcoin will stay for long.
When I first got to know bitcoin, I thought it was a digital currency that could be used anywhere as long as there was a network available,
I can buy between countries using Bitcoin without having to exchange banknotes,
at first maybe i thought like that,
but the fact is that now many people use Bitcoin for investment not as a medium of exchange,
And it doesn't matter because bitcoin has created a great community right now.
Although bitcoin is now part of everyday lives of other people in selected countries, admit it or not we still don't know yet if how long does the bitcoin can exist because the population of the non bitcoin users are still greater than those users and if the bitcoin will not be adapted by other countries 2-5 years from now it will be forgotten and all of our hardworks will be in vain. I can buy between countries using Bitcoin without having to exchange banknotes,
at first maybe i thought like that,
but the fact is that now many people use Bitcoin for investment not as a medium of exchange,
And it doesn't matter because bitcoin has created a great community right now.
When I first got to know bitcoin, I thought it was a digital currency that could be used anywhere as long as there was a network available,
the fact is that now many people use Bitcoin for investment not as a medium of exchange,
And it doesn't matter because bitcoin has created a great community right now.
the fact is that now many people use Bitcoin for investment not as a medium of exchange,
And it doesn't matter because bitcoin has created a great community right now.
same here but who wouldnt ? when the price before was only small and btc is also stable people dont have an idea that it can also work perfectly as an investment but they already know it verry late when the value starts to climb . so what if most people use btc as an investment tool ? would you also follow them ? no but just continue using your btc as a currency because thats the reason why you are here or why you have a btc .
When I first got to know bitcoin, I thought it was a digital currency that could be used anywhere as long as there was a network available,
I can buy between countries using Bitcoin without having to exchange banknotes,
at first maybe i thought like that,
but the fact is that now many people use Bitcoin for investment not as a medium of exchange,
And it doesn't matter because bitcoin has created a great community right now.
I can buy between countries using Bitcoin without having to exchange banknotes,
at first maybe i thought like that,
but the fact is that now many people use Bitcoin for investment not as a medium of exchange,
And it doesn't matter because bitcoin has created a great community right now.
Bitcoin can be a currency or investment asset, depending on the users who use it. But the fact is that many people today
which uses Bitcoin as an investment asset rather than a currency. Maybe because some countries whose governments have
not accepted Bitcoin and also the volatile price of Bitcoin make it difficult for Bitcoin to function properly as a currency. Though
the main goal Satoshi Nakamoto created Bitcoin as a currency.
which uses Bitcoin as an investment asset rather than a currency. Maybe because some countries whose governments have
not accepted Bitcoin and also the volatile price of Bitcoin make it difficult for Bitcoin to function properly as a currency. Though
the main goal Satoshi Nakamoto created Bitcoin as a currency.
Although bitcoin is a speculative play, I also think its rise tells us something very much larger about how our financial systems work—even if we haven’t come to terms with those larger forces.
This what makes bitcoin more unique among other investments, it have its own system as a decentralized platform that is able to create transactions even there are some issues of problems that may come along we were able to access it everywhere and anytime without waiting for institutions or markets to operate. Many have their own idea about bitcoin but it will only depends on how we see and use it works. Many have their own ideas indeed, and I agree it's the end users perspective matters, from how we do understand and how we used it.
Both investment and currency works and since it's decentralized we can deal on it without any interfere not unless the government of such countries tag this crypto assets as illegal, but by now we are enjoying as there are many countries nowadays are already open with this new currency, we can
used and enjoy bitcoin to many part of the world.
But here is my problem: I don’t understand how money is supposed to be created.
Knowing you have this problem, you should not have such strong opinions. Because, you know, you may have missed or misunderstood something.
So, no offense, but your point is completely invalid.
Next time you want to share something, conclusion or opinion, make sure that you have a strong stand to the ground as people here especially the old ones are wary of like everything.
Bitcoin is here to stay, even in the unlikely case it will lose most of its value and users, the network will be alive as long as someone is still using it, because the technology is that good. Bitcoin filled a unique niche - a way to transact money without middlemen, so the only way Bitcoin will disappear is if someone will do this task much better, but so far there has never been a coin that is even close to being a serious alternative to Bitcoin.
in some form of the other, yes. Even if it's value goes to 0 there'll also be a recorded history of it on the blockchain, so technically it's built to last forever. The bet however is that it's here to stay AND has value down the line, which I'm sure it will have even 20 years from now.
It has been a long time Since bitcoin is here.8-10 years from now bitcoin's value was very low but it had upgraded itself and right now people are watching it as an asset.Some people’s are also using bitcoin as a currency.Most of the online payments and online earnings are made by bitcoin so it has great value and position in our life.Agree with the comment "talking about the bitcoin is far easier than talk about gold.
People,specially the youth's are showing interest and gaining knowledge about the bitcoin and it's trading.Gold has a good value but holding it, is not as much profitable as bitcoin.so From each and every scope now bitcoin is an useable and profitable currency.Also,Day by day it is getting easier.
So must say bitcoin is here to stay.
People,specially the youth's are showing interest and gaining knowledge about the bitcoin and it's trading.Gold has a good value but holding it, is not as much profitable as bitcoin.so From each and every scope now bitcoin is an useable and profitable currency.Also,Day by day it is getting easier.
So must say bitcoin is here to stay.
What's with the importance of branding bitcoin or putting it in line?
Is it really made for that?
IMHO, it's a commodity/currency. But that's just me. My opinion. Some people may have a different way of defining or using it.
Could be as an investment or just an asset. Doesn't matter. For now.
Somewhere in the future, we won't escape reality. It is a currency. Period. You can use it to buy things and that's all that matters.
Is it really made for that?
IMHO, it's a commodity/currency. But that's just me. My opinion. Some people may have a different way of defining or using it.
Could be as an investment or just an asset. Doesn't matter. For now.
Somewhere in the future, we won't escape reality. It is a currency. Period. You can use it to buy things and that's all that matters.
For bitcoin is not a currency; it is not money—it is a speculative hedge, an investment, a form of trading, and, quite possibly, the great white whale of finance.
I've said it a lot before, and I'm going to say it again. Bitcoin is for whatever you want to use it for. You think bitcoin is only mostly an investment and a speculative hedge? Whatever, I'm going to use it as a currency anyway. Why? Because I can.
And that's the whole point of bitcoin. Freedom and sovereignty with your money.Yes, I agree. Bitcoin is being made and designed the way we used, trust and believe it. Its our belief and knowledge about Bitcoin that made its great features possible in any financial management, more likely on investment and profits. We lose, we gain, its how we handle it in our personal ways depending on what we learned here in Crypto world. Definitely, its really similar to fiat/physical currency...but can only be used virtually.
But can be turned into fiat anytime we want to cash out.
Although bitcoin is a speculative play, I also think its rise tells us something very much larger about how our financial systems work—even if we haven’t come to terms with those larger forces.
This what makes bitcoin more unique among other investments, it have its own system as a decentralized platform that is able to create transactions even there are some issues of problems that may come along we were able to access it everywhere and anytime without waiting for institutions or markets to operate. Many have their own idea about bitcoin but it will only depends on how we see and use it works. 
But here is my problem: I don’t understand how money is supposed to be created.
Knowing you have this problem, you should not have such strong opinions. Because, you know, you may have missed or misunderstood something.
So, no offense, but your point is completely invalid.
Good catch. One cannot justify something if he fully missed the most important factor and that is understanding how money works. With that statement, OP had invalidated any argument he is offering to his audience. Thus anything that he said before and after that statement to correlate about Bitcoin being not currency shouldn't be taken seriously.
But here is my problem: I don’t understand how money is supposed to be created.
Knowing you have this problem, you should not have such strong opinions. Because, you know, you may have missed or misunderstood something.
So, no offense, but your point is completely invalid.
I think Bitcoin came to develop every life of the societies. Different countries of the world has been testified, how bitcoin has changed their economy positively in this pandemic.
Many has used it as an investment to earn profit in their organization.
Many has used it as an investment to earn profit in their organization.
The first step to bitcoin adoption is to accept that it's a currency. After all, it's competing against fiat money, which is also a currency (in terms of the goal to decentralize the financial system). Imagine inventing the time machine, but after introducing it to the public, it was accepted and used as a teleportation machine instead. That time machine will never serve its purpose.
Let's accept the fact that we are living in a more advanced technology nowadays and digital currencies should be treated as a normal currency. There are a lot of people who are not treating digital currency because it only exists in a virtual world. But they should understand the existence of a blockchain technology and most of the people are still not knowledgeable about it. They think that bitcoin is just a currency that has no value, it is a fake asset for investments which is not. Bitcoin adoption is hard to achieve if we can't help the bitcoin's reputation to become good in our society.
If people can invent a phone a light and use it in our daily lives, why can't we apply and adapt it also in bitcoin?
Sad how most of those new to the scene think of Bitcoin as an investment instead of what it really is for and as intended by the creator. Though they can be used as an investment right now due to how it's volatility tends to bring more profit in the long term, in the end, it'd be limited by supply which would severely limit its ability to become an investment.
~
Well, with how Bitcoin developed, it isn't really surprising. Still to deny either is denying bitcoin itself, since Bitcoin can be considered both, an investment as well as a currency. Plus, it's usage as a currency is severely limited due to it being volatile, which makes merchants doublethink on whether they should adopt bitcoin as payment or not. After 10 years, you can only see limited amounts of shops that actually accept Bitcoin as payment. Most of the usage right now comes to either trading or worldwide transactions to make it a lot easier. This is a mistake.
For bitcoin is not a currency; it is not money—it is a speculative hedge, an investment, a form of trading, and, quite possibly, the great white whale of finance.
For bitcoin is not a currency; it is not money—it is a speculative hedge, an investment, a form of trading, and, quite possibly, the great white whale of finance.
It's very unfortunate that a lot of people do not see and think Bitcoin is a currency but an investment asset. If you take a look at the whitepaper of Bitcoin, Satoshi developed Bitcoin to be a digital currency rather than a digital investment asset. Personally, I will be very glad if people can see Bitcoin as a currency rather than an asset.
and that is the serious problem because Many tries to impose that they want
Bitcoin to be a currency but all they do is Buy and HOLD things that i see against the
Beliefs of being a Currency right?like each government are not allowing people to Handle too much Money on hand because those are need to circulate,
specially in Coins that has only limited amounts and to pricey for creating.
Initially I thought bitcoin was a currency that was easier to use on the internet, since 2011 I saw many people looking for money on the internet, I saw the difficulty of people at that time getting money from the internet, they had to use a paypal payment service and had to activate a credit card, at that time not everyone had a credit card and it was very difficult to follow any online business, after bitcoin came it became easier now when getting paid with bitcoin, but nowadays people think more of it as a hedge or just a digital asset, even though I used to think of it. as an internet currency that is easier than others, to be honest I still use bitcoin to buy domains, hosting and also vps
Bitcoin has evolved so much since it's inception, so obviously, it become a form of digital money, an speculative asset, store of value. It's really up to those people who believed in it on how they're going to treat bitcoin. But to replace USD? I don't think we can get to that goal yet, but as I have said, if I have a chance to use it a form of money to buy and then pay someone then I will used it, been during it for the last 2 years and I don't have a problem with that. Although there could be people that will argue to just hold on it.
Quote
For bitcoin is not a currency; it is not money—it is a speculative hedge, an investment, a form of trading, and, quite possibly, the great white whale of finance.
Bitcoin is not a currency, not money. It is an asset, digital asset in more correct term.As an asset, you can hold it even it has no value. You can imagine an asset like antique equipments. They have almost no value in the past (centuries ago) but now if you found them, own them, you have a fortune. Bitcoin is different than that, at least if you are talking about it at the moment. It has big value, thousand of dollars for one bitcoin. In the past, 10 years ago, it has zero value.
Stop calling bitcoin as a currency, money, and consider it as your own asset, your own bank.
For bitcoin is not a currency; it is not money—it is a speculative hedge, an investment, a form of trading, and, quite possibly, the great white whale of finance.
I've said it a lot before, and I'm going to say it again. Bitcoin is for whatever you want to use it for. You think bitcoin is only mostly an investment and a speculative hedge? Whatever, I'm going to use it as a currency anyway. Why? Because I can.
And that's the whole point of bitcoin. Freedom and sovereignty with your money. 
This is a mistake.
For bitcoin is not a currency; it is not money—it is a speculative hedge, an investment, a form of trading, and, quite possibly, the great white whale of finance.
that's just your opinionFor bitcoin is not a currency; it is not money—it is a speculative hedge, an investment, a form of trading, and, quite possibly, the great white whale of finance.
Quote
After all, even if it has a host of technical limitations and flaws,
show me one invention in the entire human history that doesn't have limitations and flaws.the trick has always been to create something that is better than its predecessors, to solve problems in a better way than others and to improve different aspects of the existing systems (in this case payment system) and bitcoin has done that very well.
Quote
And bitcoin is not as easy to move money as
you are right, it is so much easier to move bitcoin than it is to move money because there is no bank (aka the middle man) to interfere and cause problems and slow things down or even block you.Quote
But it’s a hedge, or an investment, or a speculative play, or a currency trading instrument, and those are all ways of getting one to your place of business, or to the point of travel, or to a lender. And, hence, it’s all there in one place, in crypto.
again that's just your opinion.Quote
In that sense, bitcoin is both a new form of money
you don't have consistency in your statements, you just contradicted yourself!Quote
Bitcoin is hardly the first effort to create some sort of secure virtual currency that was supposed to replace the US dollar, or a basket of other currencies, or whatever.
bitcoin IS the first successful decentralized currency that was created and has been running for more than a decade servicing lots of people all around the world 24/7.but it was never meant to replace anything.
Quote
ht tps://www.truepnl.com
what's this spam link doing here?!! 
It's very unfortunate that a lot of people do not see and think Bitcoin is a currency but an investment asset. If you take a look at the whitepaper of Bitcoin, Satoshi developed Bitcoin to be a digital currency rather than a digital investment asset. Personally, I will be very glad if people can see Bitcoin as a currency rather than an asset.
More important than looking at the whitepaper is to look what people are doing with it,.Bitcoin is an investment asset AND a currency. Just like USD is. Lots of people buy USD as a hedge as well.
Bitcoin also serves as a currency .Just take a look at the services board. So many people working for bitcoin. Basically anything that can be done online you can get paid with bitcoin.
The first step to bitcoin adoption is to accept that it's a currency. After all, it's competing against fiat money, which is also a currency (in terms of the goal to decentralize the financial system). Imagine inventing the time machine, but after introducing it to the public, it was accepted and used as a teleportation machine instead. That time machine will never serve its purpose.
This is a mistake.
For bitcoin is not a currency; it is not money—it is a speculative hedge, an investment, a form of trading, and, quite possibly, the great white whale of finance.
For bitcoin is not a currency; it is not money—it is a speculative hedge, an investment, a form of trading, and, quite possibly, the great white whale of finance.
It's very unfortunate that a lot of people do not see and think Bitcoin is a currency but an investment asset. If you take a look at the whitepaper of Bitcoin, Satoshi developed Bitcoin to be a digital currency rather than a digital investment asset. Personally, I will be very glad if people can see Bitcoin as a currency rather than an asset.
This is a mistake.
For bitcoin is not a currency; it is not money—it is a speculative hedge, an investment, a form of trading, and, quite possibly, the great white whale of finance.
Possibly—but only possibly.
The temptation to talk about bitcoin as the sole product of its inventor’s brilliance has grown during the crypto bubble because, as we know from the history of equity markets and from history as a whole, perception is all. And with a product as new as bitcoin, the halo effect is just enormous.
People talk about bitcoin because they can. After all, even if it has a host of technical limitations and flaws, it is not as boring as the existing consumer-facing products from the payment sector. And bitcoin is not as easy to move money as, say, the ability to convert cash to gold or fiat currency (the dollar, yen, pound, euro). But it’s a hedge, or an investment, or a speculative play, or a currency trading instrument, and those are all ways of getting one to your place of business, or to the point of travel, or to a lender. And, hence, it’s all there in one place, in crypto.
And, especially as I indicated here, it is far easier to talk about bitcoin than to talk about gold, and perhaps even to get people to look at fiat currencies. In that sense, bitcoin is both a new form of money and a solution to the demand for money among an otherwise invisible set of people.
Although bitcoin is a speculative play, I also think its rise tells us something very much larger about how our financial systems work—even if we haven’t come to terms with those larger forces.
Bitcoin is hardly the first effort to create some sort of secure virtual currency that was supposed to replace the US dollar, or a basket of other currencies, or whatever. But here is my problem: I don’t understand how money is supposed to be created. The same people who worry about the lack of transparency in many virtual currencies are of the same people who do not fully understand how accounting works, yet they throw around nearly impossible-to-review theories as if they were all knowable as gospel.
https://www.truepnl.com/
For bitcoin is not a currency; it is not money—it is a speculative hedge, an investment, a form of trading, and, quite possibly, the great white whale of finance.
Possibly—but only possibly.
The temptation to talk about bitcoin as the sole product of its inventor’s brilliance has grown during the crypto bubble because, as we know from the history of equity markets and from history as a whole, perception is all. And with a product as new as bitcoin, the halo effect is just enormous.
People talk about bitcoin because they can. After all, even if it has a host of technical limitations and flaws, it is not as boring as the existing consumer-facing products from the payment sector. And bitcoin is not as easy to move money as, say, the ability to convert cash to gold or fiat currency (the dollar, yen, pound, euro). But it’s a hedge, or an investment, or a speculative play, or a currency trading instrument, and those are all ways of getting one to your place of business, or to the point of travel, or to a lender. And, hence, it’s all there in one place, in crypto.
And, especially as I indicated here, it is far easier to talk about bitcoin than to talk about gold, and perhaps even to get people to look at fiat currencies. In that sense, bitcoin is both a new form of money and a solution to the demand for money among an otherwise invisible set of people.
Although bitcoin is a speculative play, I also think its rise tells us something very much larger about how our financial systems work—even if we haven’t come to terms with those larger forces.
Bitcoin is hardly the first effort to create some sort of secure virtual currency that was supposed to replace the US dollar, or a basket of other currencies, or whatever. But here is my problem: I don’t understand how money is supposed to be created. The same people who worry about the lack of transparency in many virtual currencies are of the same people who do not fully understand how accounting works, yet they throw around nearly impossible-to-review theories as if they were all knowable as gospel.
https://www.truepnl.com/
Jump to: