Bitcoin is predictably a guarantee in an uncertain world

goldade

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Quote from: Pacific10 on September 04, 2020, 05:07:59 AM

I have this deep convincing believe that Bitcoin will change the future world of money for the better by giving everyone the same opportunities.

Tell those who speak about the use of Bitcoin ending soon should come to realize the fact that the rules that govern Bitcoin’s monetary policy are written in its source code and that is a phenomenal guarantee for all its users., today and in the future.

When you buy Bitcoin in 2020, you already know what to expect. You know that you will still own some Bitcoin out of every 21 million existing in 2050. If you didn't sell off for fiat. This is not same for paper money.

It is often said that Bitcoin is a hedge against uncertainty. And that's it.

I totally understand your point here. However, at this stage it is still very much early to say if bitcoin is a guarantee against uncertainty.
Although bitcoin is slowly gaining trust amongst prople, the factors affecting bitcoin make it impossible to know for certain what will be of it.
The volatility of the price is uncertainty and as such can't be a guarantee. Bitcoin is relatively new compared to gold which has gained trust over the years and now has a stable price.
Hopefully, if people begin to see the true value of bitcoin, then maybe bitcoin will get to that stage of being an hedge against uncertainty.

Findingnemo

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Bitcoin = Financial freedom

You can't use the word guarantee because even satoshi is not sure about it, bitcoin is going to stay here forever but we need people to use to have value for it and to bring changes in the economic systems.

Bitcoin is an infant until now people are gaining trust towards cryptos especially with bitcoin and regulatory measures are also getting implemented in some countries so lets hope for the bright future.

Dana888

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Quote from: Golftech on September 05, 2020, 01:10:29 AM

Quote from: shoreno on September 05, 2020, 12:38:49 AM

Quote from: ?? on ??

but unfortunately, not everyone has the same opportunity. where there will only be people who have the ability to buy it and people who want to understand the risks of the cryptocurrency world.
And bitcoin guarantor is ourselves and all the community. when the community disappears, it could be the end of the bitcoin journey.

exactly . this also what im about to say , how can the op say that btc is fairly distributed to everyone when so many people are against to it ? it will only be an oppurtunity for those who are willing to accept it . you cant say all community but you should only say the btc and crypto community because they are those that who gave importance . not just price but the technology that underlie on btc are the one that make btc stay alive

Fairly is far from truth in crypto,because first we have our own demand and holdings,and yeah There are many people and even countries that against this so what is the word fair?
Maybe OP is not that a Believer or has small knowledge of what is Bitcoin all about.

Quote from: verita1 on September 04, 2020, 10:31:28 PM

Bitcoin is suitable for short, medium and long term users. If we take a look at the life of a trader this appreciation is fulfilled. In the midst of the pandemic, Bitcoin showed that it could rise and continue to recover its price in the market with a good forecast. So it is a guarantee in the uncertain future.

Lol nothing is certain in crypto but in Bitcoin we have at least wide or Big chances of Keeping safe and profiting ,Though it can take some time yet worth waiting,it has been proven and legit.

The demand for bitcoin is completely correlated with the demand for Fiat. I would say that they are completely dependent on each other. Every trader understands that if you are engaged in trading cryptocurrencies, then you must monitor the Fiat market as well, and this also works in the opposite direction. These markets help each other to exist and it is n

Cryptoreflector_666

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Quote from: Hypnosis00 on September 05, 2020, 06:48:17 AM

Quote from: Pacific10 on September 04, 2020, 05:07:59 AM

When you buy Bitcoin in 2020, you already know what to expect.

I may not expect that it will double quickly and make money from it or even fully adopted. We know already that Bitcoin won't warrant anything, nor to think that every year the price keeps moving higher. The market will remain an unpredictable, volatile, high risk, and anything we can negatively describe it but above all these things, we are making yourself easier than before.

We can't just say that Bitcoin is the future currency because, in reality, not all of us are capable of having this and to use this.

I don't agree with you, because before, no one could drive a car, let alone planes and spaceships. However, now it is our everyday life and thousands and tens of thousands of iron birds dissect the air space. It will also happen with bitcoin - now for many it is a wild and incomprehensible phenomenon, but in a couple of years everything will fall into place.

Hypnosis00

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Quote from: Pacific10 on September 04, 2020, 05:07:59 AM

When you buy Bitcoin in 2020, you already know what to expect.

I may not expect that it will double quickly and make money from it or even fully adopted. We know already that Bitcoin won't warrant anything, nor to think that every year the price keeps moving higher. The market will remain an unpredictable, volatile, high risk, and anything we can negatively describe it but above all these things, we are making yourself easier than before.

We can't just say that Bitcoin is the future currency because, in reality, not all of us are capable of having this and to use this.

Golftech

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Quote from: shoreno on September 05, 2020, 12:38:49 AM

Quote from: ?? on ??

but unfortunately, not everyone has the same opportunity. where there will only be people who have the ability to buy it and people who want to understand the risks of the cryptocurrency world.
And bitcoin guarantor is ourselves and all the community. when the community disappears, it could be the end of the bitcoin journey.

exactly . this also what im about to say , how can the op say that btc is fairly distributed to everyone when so many people are against to it ? it will only be an oppurtunity for those who are willing to accept it . you cant say all community but you should only say the btc and crypto community because they are those that who gave importance . not just price but the technology that underlie on btc are the one that make btc stay alive

Fairly is far from truth in crypto,because first we have our own demand and holdings,and yeah There are many people and even countries that against this so what is the word fair?
Maybe OP is not that a Believer or has small knowledge of what is Bitcoin all about.

Quote from: verita1 on September 04, 2020, 10:31:28 PM

Bitcoin is suitable for short, medium and long term users. If we take a look at the life of a trader this appreciation is fulfilled. In the midst of the pandemic, Bitcoin showed that it could rise and continue to recover its price in the market with a good forecast. So it is a guarantee in the uncertain future.

Lol nothing is certain in crypto but in Bitcoin we have at least wide or Big chances of Keeping safe and profiting ,Though it can take some time yet worth waiting,it has been proven and legit.

shoreno

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Quote from: ?? on ??

but unfortunately, not everyone has the same opportunity. where there will only be people who have the ability to buy it and people who want to understand the risks of the cryptocurrency world.
And bitcoin guarantor is ourselves and all the community. when the community disappears, it could be the end of the bitcoin journey.

exactly . this also what im about to say , how can the op say that btc is fairly distributed to everyone when so many people are against to it ? it will only be an oppurtunity for those who are willing to accept it . you cant say all community but you should only say the btc and crypto community because they are those that who gave importance . not just price but the technology that underlie on btc are the one that make btc stay alive

NavI_027

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Quote from: verita1 on September 04, 2020, 10:31:28 PM

Bitcoin is suitable for short, medium and long term users. If we take a look at the life of a trader this appreciation is fulfilled. In the midst of the pandemic, Bitcoin showed that it could rise and continue to recover its price in the market with a good forecast. So it is a guarantee in the uncertain future.

It's because crypto sphere cannot correlate directly to the happenings in the world economy. That's why you may noticed that btc keep on soaring despite of the declining economy of nations. They are different fields after all Cheesy

.

Anyway, with regards to the second one, for me I'm still not 100% that bitcoin can guarantee your future. Look, it's price is as volatile as hell and you can't assure that it can maintain its stability when the next crisis comes. Take tome to consider the slow adoption and oppositions of it. Don't get me wrong, I love bitcoin but always mind that don't be so complacent because anything could happen

verita1

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Bitcoin is suitable for short, medium and long term users. If we take a look at the life of a trader this appreciation is fulfilled. In the midst of the pandemic, Bitcoin showed that it could rise and continue to recover its price in the market with a good forecast. So it is a guarantee in the uncertain future.

Shasha80

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I don't agree Bitcoin can be predicted in an uncertain world, because Bitcoin is very volatile which makes Bitcoin an asset
which is risky and difficult to predict. In fact, there is no guarantee that we hold Bitcoin until 2050 Bitcoin will remain.After
all Bitcoin doesn't give everyone the same opportunity, only people who have money can buy Bitcoin.Even the price of Bitcoin,
which continues to rise, becomes difficult for the poor to reach.

Assface16678

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Still, there is a lot of cons why the people and the government would not like the use of the bitcoin some of these are

Bitcoin is decentralized they cannot manipulate the transacfions
Bitcoin is connected to the blockchain
Bitcoin is volatile
Bitcoin does not support by many people yet.

Those are the common things about bitcoin why they can't adopt the use of this coin but look forward to the use of the cashless transactions all of the funds can transfer easier and also because of this pandemic, I think this is very useful to avoid spreading the virus immediately.

hatshepsut93

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Quote from: Pacific10 on September 04, 2020, 05:07:59 AM

When you buy Bitcoin in 2020, you already know what to expect. You know that you will still own some Bitcoin out of every 21 million existing in 2050. If you didn't sell off for fiat. This is not same for paper money.

This is true, but this doesn't guarantees anything practical. There's no guarantee that Bitcoin will have current or higher value in 2050. There's no guarantee that it won't be abandoned for some reason, like having a better competitor or general disappointment in cryptocurrency. If you don't like fiat money because you're afraid it will lose value in the future, than Bitcoin isn't the first answer you should think about, because it can lose value just as easily. Yes, Bitcoin is scarce, but scarcity is useless if demand is low. This is a high risk high reward investment, which is the opposite of a hedge against uncertainty, which is supposed to be low risk low reward.

dunfida

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Quote from: Pacific10 on September 04, 2020, 05:07:59 AM

I have this deep convincing believe that Bitcoin will change the future world of money for the better by giving everyone the same opportunities.

Tell those who speak about the use of Bitcoin ending soon should come to realize the fact that the rules that govern Bitcoin’s monetary policy are written in its source code and that is a phenomenal guarantee for all its users., today and in the future.

When you buy Bitcoin in 2020, you already know what to expect. You know that you will still own some Bitcoin out of every 21 million existing in 2050. If you didn't sell off for fiat. This is not same for paper money.

It is often said that Bitcoin is a hedge against uncertainty. And that's it.

Being too optimistic isnt bad but dont let your hopes up that much or expectations to be on full extent yet no man on this world would able to know on what future lies ahead.
We might see bitcoin do really well but you cant be sure on what would happen on next years to come. Are you sure that it cant be replaced by other coins in the market or something better?
Im not on the negative side but you cant really avoid those possibilities that could happen along the way. Guarantee? theres no such thing yet everything will really matter on
community support, adoption or recognition.

dothebeats

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I’d just leave a couple thousand $ worth of bitcoin today and just see where I end up in the next couple of years. I genuinely believe in the tech and the idea that it comes with, though I’m still uncertain about the possibility of people and governments leaving the fiat currency system and adopting a currency similar to bitcoin. It certainly is headed for lots of price appreciation though, and a lot of people are banking on that including me.

Melloiga

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Quote from: coolcoinz on September 04, 2020, 10:29:50 AM

I'd call it a safe asset for diversification, simply because it's so different from all the rest.
If you already have some real estate, some cash, some foreign currency, it's great to have some Bitcoin as well. I wouldn't recommend a person who doesn't have anything and just got their first job to put all savings in Bitcoin. It's like gambling with your life and your future, but if you have a lot of money, it would be a missed opportunity not to have at least 10% in Bitcoin.

This!!! Couldn't have said it better myself. If you have money and you want to invest. Invest in things which gives you certain insurance. Like Land, Saving accounts, even though interest is bad right now, invest in gold maybe, some mutual funds even and with all that, invest a little in BTC as well and see how things turn out.

k@suy

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Quote from: kawetsriyanto on September 04, 2020, 10:55:56 AM

Quote

Bitcoin is predictably a guarantee in an uncertain world

Who wants to guarantee? Market? Technology?
It is right that BTC is a promising currency for the future. We also believe that BTC and the crypto world are accepted by many more countries, supported by many more governments, and also accepted by many more transactions.
But once more, who can guarantee that BTC will be like this moreover in the future/?
I believe in a brighter future, but I can't say it as a guarantee, moreover if I tell it to someone else. because if I tell so, it will be a big problem if it doesn't really and happen

Nobody can predict because it has 50/50 chance that bitcoin will be future's mode of payment or it will be a used as a money that can fully replace the fiat or it will be forgotten because it can't replace fiat. There are a lot of circumstances that will more likely occur in the future and what we can do is to make our own move if we want this goal to be successful.

kawetsriyanto

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Quote

Bitcoin is predictably a guarantee in an uncertain world

Who wants to guarantee? Market? Technology?
It is right that BTC is a promising currency for the future. We also believe that BTC and the crypto world are accepted by many more countries, supported by many more governments, and also accepted by many more transactions.
But once more, who can guarantee that BTC will be like this moreover in the future/?
I believe in a brighter future, but I can't say it as a guarantee, moreover if I tell it to someone else. because if I tell so, it will be a big problem if it doesn't really and happen

Debonaire217

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Quote from: Ucy on September 04, 2020, 10:43:49 AM

I guess their minds are more fixed on the volatility (which can easily be fixed if the community want to) rather than the technology or the Bitcoin network/system. The decentralization and other important features it offers is awesome. The price hardly interest me.,though I hope it becomes better eventually.

But in some point, there are also people that wants to make bitcoin the top of the cryptocurrency by simple using it for daily transactions and small transactions, sadly, bitcoin didn't suffice the need of people for that because it still lacks characteristics such as low transaction fee and fast transaction confirmation. This leads to most of the people to accept that bitcoin is good for investment or some called "safe haven" for their assets which is for me, partly true as that is the same thing I think about bitcoin.

Ucy

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Quote from: suzanne5223 on September 04, 2020, 08:28:46 AM

Quote from: Jating on September 04, 2020, 05:55:03 AM

Quote from: Pacific10 on September 04, 2020, 05:07:59 AM

It is often said that Bitcoin is a hedge against uncertainty. And that's it.

As compare to gold? Bitcoin hasn't been tested as a good hedge against uncertainty though. Hedge mean that an asset that can't easily affected or influence by the market. And we know that bitcoin is very unstable and be definition can't be a 'true hedge'. As compare to let's say gold, it's been tested, specially in ww2.

On contrary, Bitcoin have been tested as hedge against uncertainty several times when the government wants to ban it and the strength it posed during the pandemic which was what also captivate people like Kiyosaki.

Quote from: Jating on September 04, 2020, 05:55:03 AM

And btw, bitcoin is predictable? it became a speculative asset and obviously, it is not predictable. Have you seen the crash in the last 24-48 hours? totally unexpected.

Every investment has its own risk involve even Gold and if you're investors that follow the whale's movement you'll notice that there some dump going on.

I guess their minds are more fixed on the volatility (which can easily be fixed if the community want to) rather than the technology or the Bitcoin network/system. The decentralization and other important features it offers is awesome. The price hardly interest me.,though I hope it becomes better eventually.

coolcoinz

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I'd call it a safe asset for diversification, simply because it's so different from all the rest.
If you already have some real estate, some cash, some foreign currency, it's great to have some Bitcoin as well. I wouldn't recommend a person who doesn't have anything and just got their first job to put all savings in Bitcoin. It's like gambling with your life and your future, but if you have a lot of money, it would be a missed opportunity not to have at least 10% in Bitcoin.

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