Bitcoin Is Not Garbage, Embrace It - page 4.

squatz1

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Flying Hellfish is a Commie

Quote from: nightxglow on June 19, 2017, 10:38:33 AM

I read the article, and really agree with it. Why the hell people say bitcoin is garbage? Have they try this out before? Or just saying some nonsense because of some rumours?
Bitcoin is really worth it to embrace. Why? Because we will get benefit from it eventually. Like when the value increases, we'll get more profit. Or when we need emergency money, we can use it. And also make us have extra earning by this.
For those who said bitcoin is trash, maybe they just don't understand about this thing lol.

I'm one of the people on the team "Bitcoin isn't garbage" but your points are the shitty ones that aren't going to help anyone. Saying a value increase is going to help people could work with anything, well yeah if I buy this water today maybe I can make $1 on it tmmrow if I sell it. The point is dumb and isn't even on which is helpful in the least.

MOVING ONTO THE POINT ABOUT EMERGENCY MONEY. How good can this emergency money be if you really can't even use it in the least? Not like many people accept it in a real life non-internet environment as not many shops accept it (SOME DO THOUGH!)

Some people come here and say BTC is trash due to the medias bashing of it and saying it's only usage is for laundering, gambling, drugs, etc. That's fair as that's the only thing they know about the currency but they must be educated. Also, BTC is facing large network issue right now so it's not like we're in the best state as well here.

Though, I am still on team embrace Bitcoin.

RodeoX

legendary

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The revolution will be monetized!

Whatever your opinion on bitcoin the original article in marketwatch was surely garbage. The guy creates a fictional bitcoin user then argues with his creation. And, of course, wins the argument with himself . WTF?

I can do that. Huh

ME: What is marketwatch good for?

Marketwatch reader: I like having sex with animals.

ME: But what's it good for?

Marketwatch reader: Ponies are soo cute.

What I have proven is that Marketwatch readers are into bestiality and that is the only reason they read marketwatch.
Therefore marketwatch is only good for having sex with animals.

iamTom123

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Activity: 490

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It is quite funny that the more there are people talking about Bitcoin like it is some type of a garbage, a scam, a hype or anything that can be considered as a negative review, the more people are taking notice of Bitcoin and the more we can see the value of Bitcoin pointing upwards.

What is happening right now in Venezuela is a testament of how Bitcoin can be useful when there would be economic difficulties and political instability...even if the government is not officially recognizing Bitcoin.

As time goes by, we are expecting more and more practical applications for Bitcoin and the more we can see how valuable it can be as a form of money, as an investment or as a newly found technology that can be utilized for the greater good of humanity.

Bitcoin is not perfect but it is becoming much better compared to what traditional financial systems can offered to us.

YuginKadoya

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Quote from: 7jaka7 on June 19, 2017, 10:52:31 AM

Quote from: nightxglow on June 19, 2017, 10:38:33 AM

I read the article, and really agree with it. Why the hell people say bitcoin is garbage? Have they try this out before? Or just saying some nonsense because of some rumours?
Bitcoin is really worth it to embrace. Why? Because we will get benefit from it eventually. Like when the value increases, we'll get more profit. Or when we need emergency money, we can use it. And also make us have extra earning by this.
For those who said bitcoin is trash, maybe they just don't understand about this thing lol.

True, bitcoin is far from garbage. But fact that it can make YOU profit or YOU use it as an emergency money doesn't make it any better. This are just things that are beneficial for you, in the present time and it is because you are early adopter. But the article is clearly talking about money in general. Real benefits of bitcoin will be seen when it will really be one of the major currencies of the world.
It is true that the value of bitcoin should be increasing, but that is consequence of limited supply and inflation of FIAT money.

Well the fact that bitcoin can surely be use to profit because of the price increase is a great offer for us, and the bonus for this is bitcoin is definitely a currency that can engage in all sort of transaction and taking a much more easier way in to make a lot of transaction issue more convenient in the future because there will be a number of people that will surely adapt bitcoin so we can make a direct transaction towards it, well major currencies I think bitcoin is a currency but bitcoin doesn't have a direct country to make it as currency, bitcoin is more on the commodities type of investment, and earning it in many ways was the thing that I like the most on bitcoin, whether it will be on mining, signature campaigns, faucets (even if it is time consuming) trading, and captcha solving!

Xester

hero member

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Merit: 544

Was it a joke? So funny if it was. As if we will believe that it is a garbage. Maybe that article was made by anti-bitcoin person who have bitter experience with it. Only someone who do not knows bitcoin well will believe that news. You will actually waste your time if you will going to read that. Better to do some gambling than reading that article.

Kprawn

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" There is one massive difference between Bitcoin and any other fiat currency in the world: Bitcoin has no central bank that is diluting the purchasing ability of the coin. In fact, just the opposite. "

Not a lot of people are getting this and that is a pity. If they could show more people how negative fiat currencies are in comparison to Bitcoin,

then people would stop using fiat. Governments first take +/- 50% of your income via taxes and also steal your wealth due to currency

manipulation and bad political decision making that are costing your government millions. Angry

7jaka7

sr. member

Activity: 628

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BTC, ETH, XMR, LTC

Quote from: nightxglow on June 19, 2017, 10:38:33 AM

I read the article, and really agree with it. Why the hell people say bitcoin is garbage? Have they try this out before? Or just saying some nonsense because of some rumours?
Bitcoin is really worth it to embrace. Why? Because we will get benefit from it eventually. Like when the value increases, we'll get more profit. Or when we need emergency money, we can use it. And also make us have extra earning by this.
For those who said bitcoin is trash, maybe they just don't understand about this thing lol.

True, bitcoin is far from garbage. But fact that it can make YOU profit or YOU use it as an emergency money doesn't make it any better. This are just things that are beneficial for you, in the present time and it is because you are early adopter. But the article is clearly talking about money in general. Real benefits of bitcoin will be seen when it will really be one of the major currencies of the world.
It is true that the value of bitcoin should be increasing, but that is consequence of limited supply and inflation of FIAT money.

nightxglow

sr. member

Activity: 700

Merit: 251

I read the article, and really agree with it. Why the hell people say bitcoin is garbage? Have they try this out before? Or just saying some nonsense because of some rumours?
Bitcoin is really worth it to embrace. Why? Because we will get benefit from it eventually. Like when the value increases, we'll get more profit. Or when we need emergency money, we can use it. And also make us have extra earning by this.
For those who said bitcoin is trash, maybe they just don't understand about this thing lol.

MetalGear

sr. member

Activity: 714

Merit: 250

Bitcoin is really not a garbage and we ahould embrace bitcoin.Because bitcoin is really an important thing ,it is important as money.Through bitcoin i am able to earn and use my money wisely.And by this i can provide some of my financial needs.

krishnapramod

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Quote from: Minecache on June 19, 2017, 08:33:03 AM

https://seekingalpha.com/article/4082254-bitcoin-garbage-embrace

An antidote for the garbage article. That article was entirely focused on volatility, but this guy has pointed why bitcoin is not a garbage, including the store of value aspect.

Quote

Bitcoin is a viable medium of exchange.

Bitcoin does not have a central bank diluting its value.

Ease of use is making Bitcoin into a more accessible currency.

This point is worth noting.

Quote

Because there is a central bank that “backs” said fiat currency. And, that central bank is moving society forward by wasting away said fiat currency by deflating the currency.

Quote

But, as a store of value, Bitcoin has fiat currencies beat all day long and will continue to do so. There are 7,000,000,000 people on the planet that potentially could use Bitcoin. There are only 21,000,000 coins in existence. That is why the value keeps surging.

Bitcoin is indeed a viable medium of exchange, but to become a dependable one bitcoin needs to be embraced by more people which eventually would happen.

Minecache

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Vave.com - Crypto Casino

https://seekingalpha.com/article/4082254-bitcoin-garbage-embrace

Topic: Bitcoin Is Not Garbage, Embrace It - page 4. (Read 1828 times)