Bitcoin Is Not Really A Good Money - page 3.

fedoralite

sr. member

Activity: 548

Merit: 251

Quote from: FLoving on September 09, 2017, 03:08:33 AM

Quote from: yrreg ger on September 08, 2017, 09:16:23 AM

I think it is based on the experience of the user. They think that bitcoin is not a good money because of being cashless/crypto-currecny which is possible to disapper that cause of losing money. And the otherside is gooe because it is helpful to the other, it is the source ot income by the other because of investing, trading and benefits of volatile price of each crypto-currency. It is normal to make a mistakes because this will the one reason why we survive and have a better life.

It is very much depending on the customer how bitcoins are to him. If he is earning good money with bitcoins, indeed he is never ever going to consider bitcoins bad money. I don’t think so bitcoins have anything that can put them in the category of bad money. It is much better than traditional ones.

The problem is there are people who's been trying their luck on hyips and get scammed and for this they see bitcoins is not good since they had bad experiences upon using this but if they are good player on this industry they will surely find it more convenient and a good source of profits if they will explore it up.

FLoving

hero member

Activity: 1022

Merit: 521

Quote from: yrreg ger on September 08, 2017, 09:16:23 AM

I think it is based on the experience of the user. They think that bitcoin is not a good money because of being cashless/crypto-currecny which is possible to disapper that cause of losing money. And the otherside is gooe because it is helpful to the other, it is the source ot income by the other because of investing, trading and benefits of volatile price of each crypto-currency. It is normal to make a mistakes because this will the one reason why we survive and have a better life.

It is very much depending on the customer how bitcoins are to him. If he is earning good money with bitcoins, indeed he is never ever going to consider bitcoins bad money. I don’t think so bitcoins have anything that can put them in the category of bad money. It is much better than traditional ones.

Lubang Bawah

sr. member

Activity: 1358

Merit: 253

This is the opinion of those who have not gained profit from bitcoin so say it. for me bitcoin is the best money because its value is always up compared to the price of all commodities.

Fundalini

full member

Activity: 644

Merit: 103

Bitcoin leans toward the investment side rather than as a money for transactions. Ironically, it is a currency but it has done a terrible job thus far. I takes to many processing to buy stuffs, isn't enough popular to be accepted by many stores and transaction cost and time are at a below acceptable level. So unless they fix that block size capacity and then be more accessible, bitcoin would never be a good money.

yrreg ger

sr. member

Activity: 448

Merit: 250

I think it is based on the experience of the user. They think that bitcoin is not a good money because of being cashless/crypto-currecny which is possible to disapper that cause of losing money. And the otherside is gooe because it is helpful to the other, it is the source ot income by the other because of investing, trading and benefits of volatile price of each crypto-currency. It is normal to make a mistakes because this will the one reason why we survive and have a better life.

noictib

hero member

Activity: 966

Merit: 515

One of the world's leading Bitcoin-powered casinos

Quote from: andreibi on September 08, 2017, 07:50:34 AM

Bitcoin as this moment is not a good means to pay for stuff. Store of value? Currently yeah, but it wouldn't last long if people start to realize what is Bitcoin really good for.

Yeah , i agree because here in my city no one shops are accepting bitcoin and also saying that if anything like bitcoin is exists than that is scam only because it is totally a useless concept to store MONEY in the online with some words.
Well here bitcoin is good money for each other among the bitcoiners and we can easily expect that how much we are making with the bitcoin after payment because its value will increase time to time and we will make money in offline ( by storing in Wallet and doing nothing ).
So we need to educate the people about this thing legimately , so that they can understand its value in real ways and can make use of btc and other cryptocurrency and make it more valuable in public place to use bitcoin .

Chyton

sr. member

Activity: 322

Merit: 253

First of all I know that Bitcoin was designed to be the next digital cash, but some years after that it's not feasible to be the mass adopted digital cash. Bitcoin is becoming our digital gold not money. In my opinion, Bitcoin will never be our digital cash because of it's deflationary design.
A good cash need to be inflated at a controlled rate while Bitcoin is capped at 21 Million that means Bitcoin is getting more scarce everyday, not so much different from gold eh? And Bitcoin is more practical to store and liquidize than gold.

andreibi

legendary

Activity: 1647

Merit: 1012

Practising Hebrew before visiting Israel

Bitcoin as this moment is not a good means to pay for stuff. Store of value? Currently yeah, but it wouldn't last long if people start to realize what is Bitcoin really good for.

Matcuda

full member

Activity: 490

Merit: 100

Bitcoin has small incomes, but they can be corrected in the future. In addition, it provides an opportunity for unemployed people to earn without having special skills. This is good money.

kevpantof

sr. member

Activity: 491

Merit: 250

Quote from: Aztek on September 06, 2017, 10:33:46 AM

Quote from: Quietman on August 22, 2017, 09:44:14 PM

There maybe some flaws you can see in bitcoin but it does not generalize that it is not a good money at all. If all of us would base the meaning of being good money to its transaction hassles and vulnerability then no one would be happy to invest in bitcoin. Bitcoin has a lot to offer for us in this community. It's a step by step process in order to perfect something.

It is true that there is a lot of things in bitcoin that should a development in the future. In the simple matters bitcoin is not that perfect, yet we are a vital factor for it to develop and to become a better currency in the future. It depends on us on how we are going to used bitcoin as a number one option on transaction specifically on trading, investments or daily transaction that could somehow makes bitcoin more popular on people to used it as a mode of transaction.

Nothing is perfect; we just go for what are better or rather better suits us. We are an important factor but don't you think bitcoin has attracted us first towards itself. It provided us with new ways of transaction and become our source of income. BTCs have that much followers because of its extraordinary features. We can be replaced but BTC can't be.

Aztek

sr. member

Activity: 423

Merit: 250

Quote from: Quietman on August 22, 2017, 09:44:14 PM

There maybe some flaws you can see in bitcoin but it does not generalize that it is not a good money at all. If all of us would base the meaning of being good money to its transaction hassles and vulnerability then no one would be happy to invest in bitcoin. Bitcoin has a lot to offer for us in this community. It's a step by step process in order to perfect something.

It is true that there is a lot of things in bitcoin that should a development in the future. In the simple matters bitcoin is not that perfect, yet we are a vital factor for it to develop and to become a better currency in the future. It depends on us on how we are going to used bitcoin as a number one option on transaction specifically on trading, investments or daily transaction that could somehow makes bitcoin more popular on people to used it as a mode of transaction.

shezu007

full member

Activity: 336

Merit: 121

Quote from: adam1230 on August 30, 2017, 03:54:20 AM

3-4 years ago bitcoin transaction fee was nice so i was sending money with bitcoin. not its around 2-3$ so its same as local banks. So why do i need to send money using bitcoin?
Then is started to use alt coins but there is a big problem here on local bitcoin exchanges altcoins not supported. So now its a good choice to send money with local banks.

It is not about fees it is about values too because if bitcoin is increased then the transaction would be upgrade too because we know that bitcoin is increasing on daily based so the transaction would be update it too so we need to explain that situation to people that if you are earning high income why should we discuss the transaction fees too?

btcjocan

sr. member

Activity: 658

Merit: 250

Quote from: BobK71 on September 05, 2017, 02:47:13 PM

Quote from: Coffee135 on August 29, 2017, 01:56:53 PM

The price growth of bitcoin is inevitable, but that is a good quality only for the owners of the coins. Such a high price may deter potential users. Who can afford to buy bitcoins at $ 4,500? But if you're new to bitcoin? For the successful development of a bitcoin needs to exist a labour market with payment in bitcoins. The more people have bitcoins the faster to develop the crypto economy.

I see what you mean with regard to Bitcoin needing to be part of the payment system.

But remember, even during the 'stable' period of the gold standard, only a small number of countries (e.g. UK, US) could afford to have both gold and paper money circulating at the same time. Gold served mainly as a store of value, and I think the elites are envisioning the same role for Bitcoin and other cryptos.

Yeah it's almost the same strategies mate, same roles have been applied here and demand is the most certain about bitcoin investments. Greater demand can make us profitable with bitcoins in the future of our holding if we are investing at a good value. So far other investors find it hard waiting for a good price since they're buying bitcoin at it's current price which very expensive, but even though it's a volatile currency, there's that opportunity of gaining it's price even better or be tripled of it's current value right now.

BobK71

hero member

Activity: 2128

Merit: 655

Leading Crypto Sports Betting & Casino Platform

Quote from: Coffee135 on August 29, 2017, 01:56:53 PM

The price growth of bitcoin is inevitable, but that is a good quality only for the owners of the coins. Such a high price may deter potential users. Who can afford to buy bitcoins at $ 4,500? But if you're new to bitcoin? For the successful development of a bitcoin needs to exist a labour market with payment in bitcoins. The more people have bitcoins the faster to develop the crypto economy.

I see what you mean with regard to Bitcoin needing to be part of the payment system.

But remember, even during the 'stable' period of the gold standard, only a small number of countries (e.g. UK, US) could afford to have both gold and paper money circulating at the same time. Gold served mainly as a store of value, and I think the elites are envisioning the same role for Bitcoin and other cryptos.

coinplus

legendary

Activity: 1386

Merit: 1058

Quote from: Casdinyard on August 31, 2017, 03:47:20 AM

Quote from: blackmagician on August 22, 2017, 10:29:19 AM

I will only say that bitcoin is not a good money when it has no value anymore. How can you say that bitcoin is not good money if some people are earning it and holding it. As long as bitcoin has value it will always be a good money.

I dont understand why there are people saying that bitcoin is dying and bitcoin will be worthless. Maybe they had a bad experience or just trolling and spreading some fud.
Yeah you're right we can say that btc is not a good money if its lose its value. But the reality is we are experiencing an all time high so the community are all happy with the unexpected increase and all are hoping that our christmas will be more happier when it hits $5000.

I am agreeing with this statement as it reveals the most common cause of why people are roaming about the bad bitcoin is. When someone don’t get anything good form anything, people make that thing, something really bad Tongue

bitcoin will be the promising money in upcoming years.

rodskee

full member

Activity: 2394

Merit: 198

★Bitvest.io★ Play Plinko or Invest!

Quote from: wowanstrong on September 01, 2017, 03:51:48 AM

Any currency in itself can not be good or bad, it all depends on how people use it. Bitcoin is a modern currency and it provides an opportunity to earn to everyone, I think it's very good.

i agree with you mate all currrency have own identity, bitcoin is giving the opportunity to us like the unemployed bitcoin give a decent job using the decentralized cryptocurrency, bitcoin gives hopes to get the dreams in life of everyone here in the bitcoin industries. i'm very thankful bieng the part of bitcoin.

malboroman

newbie

Activity: 52

Merit: 0

Quote from: planfox on August 29, 2017, 07:11:49 AM

Bitcoin is a modern currency of the future and good money. Perhaps he has some minor shortcomings in the form of high fees, but they will be covered by a rapid price increase that will make many people rich.

Why you believe only in bitcoin? Why not eth or any other currency with better infra and transactions speed?

Pettuh4

sr. member

Activity: 812

Merit: 251

Quote from: wowanstrong on September 01, 2017, 03:51:48 AM

Any currency in itself can not be good or bad, it all depends on how people use it. Bitcoin is a modern currency and it provides an opportunity to earn to everyone, I think it's very good.

Precisely, it depends on the individual usage of the currency and how it is controlled on the market. If the currency is centralized then there are many problems with control etc. but a decentralized currency only depends on how people use it either for good or bad. To me Bitcoin is good money and it has supported me in sending funds globally.

wowanstrong

hero member

Activity: 621

Merit: 500

Any currency in itself can not be good or bad, it all depends on how people use it. Bitcoin is a modern currency and it provides an opportunity to earn to everyone, I think it's very good.

omonuyak

sr. member

Activity: 882

Merit: 269

Though bitcoin has it limitations and I know thewe is no any human system that is perfect! Bitcoin is far better than gold and silver to me in term of governments, central banks, politicians and elite control. Some of us here who has benefiting from bitcoin and blockchain technology ,really can see the difference. Bitcoin is decentralized and it doesn't discriminate unlike others form of money.

Topic: Bitcoin Is Not Really A Good Money - page 3. (Read 4231 times)