BITCOIN is useless!? - page 6. | Bitcointalksearch.org

ammo121810

full member

Activity: 325

Merit: 136

Quote from: clear cookies on August 14, 2018, 08:31:43 PM

Bitcoin hedead to zero?
The former ceo of paypal Bill harris said that,bitcoin's value will continue to dwindle until it gets "eventually a whole lot closer to zero."and saying that there's just no value in bitcoin and "Bitcoin makes no revenue, no profitability."
he also called the cryptocurrency is a
"colossal pump-and-dump scheme, the likes of which the world has never seen."
I think this is non-sense, what about you?

Source: cnbc

That is insecurity towards bitcoin. Bitcoin is indeed valuable and every investors could atest to that because it has helped many of us financially and i will continue to hold and invest more bitcoin.

JoeG.Fuller123

newbie

Activity: 28

Merit: 0

Value is a subjective concept, it is valuable to those who value it, or in other words, you may not think it valuable does not mean that other people think like you. For a lot of people, they see Bitcoin as valuable and willing to spend a lot of money to own a bitcoin.

Fatanut

legendary

Activity: 1008

Merit: 1060

Quote from: DavidGBoydq232 on August 20, 2018, 05:21:42 AM

Over the past eight years, people have been trying to price the BTC, offering bubble markers (Several years before the bubble burst at 1000, then $ 2000, then $ 5000). There are those who expect BTC up to $ 500,000 / 1 BTC, everyone has their own reasons, opinions, so what is the real value of the BTC?

The only "real" value of bitcoins is the price that it has now. Someone can have a totally convincing explanation why one bitcoin has to be worth a certain amount of money, but at the end of the day, that's now the price of bitcoin. People aren't going to buy one bitcoin from him at that price just because he was able to explain it well. Even with all the reasonings, bitcoin might still fail to reach the prices people are expecting from bitcoin because the price is affected by a lot of factors.

Some examples are:
1. whales selling their coins,
2. a major country prohibiting the use of bitcoins,
3. a relevant person in the crypto world started a FUD,
4. FUD caused unknowingly by another person's skepticism about bitcoin.

Assuming that one day, all of these hindrances will be overcome by the fact that bitcoin is actually a necessity in the future, the speculations still aren't that accurate. One can claim that "bitcoin will one day cost $500k each" but when? The "when" part is the most important since that will tell you how long do you have to hold your bitcoins.

EdwardARiley109

newbie

Activity: 28

Merit: 0

Bitcoin is still the largest capitalized e-currency in the market, with the longest life expectancy and undisputed reputation. however, Bitcoin is slowly losing steam in the race for new generation currency algorithms.

BitcoinLoan

sr. member

Activity: 602

Merit: 250

Quote from: Jackolantern on August 20, 2018, 05:03:31 AM

I think that btc isn't useless as it has many benefits. To my mind, it is better to use it for the long-term hold compared to any other coin, to my mind it is much better than other coins having many pros

Bitcoin enthusiasts continue believe in the ever-increasing value of bitcoin and see no limits for the potential of bitcoin.There are quite a advantages that make Bitcoin a one of a kind digital currency that has no likeness. Of course, because nothing is perfect, Bitcoin does have its flaws.

mutrang23

full member

Activity: 484

Merit: 100

Bitcoins are useless or useless by us. If you use it for the purposes that you desire and it helps you achieve that, it is useful. If it can not help you realize what you want or it does not have any effect, then it is useless. To make it useful or useless is based on how we use it.

Perkovic

jr. member

Activity: 154

Merit: 1

this statement is the usual market manipulation that we have seen with you already a thousand times

DavidGBoydq232

newbie

Activity: 23

Merit: 0

Over the past eight years, people have been trying to price the BTC, offering bubble markers (Several years before the bubble burst at 1000, then $ 2000, then $ 5000). There are those who expect BTC up to $ 500,000 / 1 BTC, everyone has their own reasons, opinions, so what is the real value of the BTC?

nikki4

full member

Activity: 496

Merit: 100

Bitcoin is not useless. There are so many people that Bitcoin has been helped and I am one of those people that Bitcoin turn our life to a much better one most espwcially when it comes to financial matters. There are so many great opportunities that Bitcoin gives us and the only thing left is on our hands. So why say Bitcoin useless? Bitcoin price in the crypto market is just in its downfall not but it is not enough reason to say that it is useless.

judel_2018

newbie

Activity: 87

Merit: 0

Quote from: flying_bit on August 14, 2018, 10:47:50 PM

Quote from: clear cookies on August 14, 2018, 08:31:43 PM

Bitcoin hedead to zero?
The former ceo of paypal Bill harris said that,bitcoin's value will continue to dwindle until it gets "eventually a whole lot closer to zero."and saying that there's just no value in bitcoin and "Bitcoin makes no revenue, no profitability."
he also called the cryptocurrency is a
"colossal pump-and-dump scheme, the likes of which the world has never seen."
I think this is non-sense, what about you?

Source: cnbc

Let's analyze first the situation Paypal is right now to make that kind of statement...Paypal is currently most use means of payment and transferring of money in internet. For ecommerce business, even when accepting thru credit it still goes thru Paypal since they are offering secure payment. That's what Paypal is! Now here comes bitcoin, decentralized and anonymous (supposedly). Anyone can transact using bitcoin with no frills and fringe, less hassle and transparent. With all this, it's pretty obvious that Bitcoin is a threat to Paypal. Now need I say more why Bill Harris saying that?

Fo me bitcoin is not useless because we can earn more profit and give us a very big potential of the people. And it is also give help for us to buy what we want if we can have money of Bitcoin. And because of bitcoin, my life becomes brighter now because I can spend my family from out of town.

Jackolantern

member

Activity: 321

Merit: 10

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

I think that btc isn't useless as it has many benefits. To my mind, it is better to use it for the long-term hold compared to any other coin, to my mind it is much better than other coins having many pros

Denies

full member

Activity: 532

Merit: 170

Quote from: clear cookies on August 14, 2018, 08:31:43 PM

Bitcoin hedead to zero?
The former ceo of paypal Bill harris said that,bitcoin's value will continue to dwindle until it gets "eventually a whole lot closer to zero."and saying that there's just no value in bitcoin and "Bitcoin makes no revenue, no profitability."
he also called the cryptocurrency is a
"colossal pump-and-dump scheme, the likes of which the world has never seen."
I think this is non-sense, what about you?

Source: cnbc

that's why I think for what you made a post like this, if you consider it absurd. in other words that you are the same as Bill Harvey's CEO of Paypal. because this is very useless to be a productive post

DavidDWatkins44

newbie

Activity: 24

Merit: 0

The value of bitcoin is not in the number when converted to cash, but the value of the bitcoin depends on the network you want to join. Bitcoin investment is like stock investing, as more and more people invest and buy bitcoin, the bitcoin value increases, and vice versa.

Garrixx

jr. member

Activity: 182

Merit: 1

ONe Social Network

this statement is the usual speculation in this market which we have seen already very much

Emilypowell85

newbie

Activity: 26

Merit: 0

I don't care about that. Even though he said like that but I wasn't worried about that. I believe in cryptocurrency. They are people who don't like bitcoin and oppose it, so it's only natural that they say that. So we don't need to care about that. We only continue to support cryptocurrency.

maloibtc

member

Activity: 322

Merit: 10

I can't understand why you think so. To my mind, btc is not useless at all, it is based on the smart technology and you will be able to enjoy its benefits a bit later. To my mind, you will be able to use it in many ways with time

Choyor

full member

Activity: 672

Merit: 105

I will always always think positively and be optimistic about Bitcoin, even though there are various negative speculations that have sprung up, because in my opinion no one can predict for sure what will happen to Bitcoin in the future.

happistarjp

newbie

Activity: 76

Merit: 0

Quote from: clear cookies on August 14, 2018, 08:31:43 PM

Bitcoin hedead to zero?
The former ceo of paypal Bill harris said that,bitcoin's value will continue to dwindle until it gets "eventually a whole lot closer to zero."and saying that there's just no value in bitcoin and "Bitcoin makes no revenue, no profitability."
he also called the cryptocurrency is a
"colossal pump-and-dump scheme, the likes of which the world has never seen."
I think this is non-sense, what about you?

Source: cnbc

I don't think so why are we going to base the fate of Bitcoin just because Bill Harris said that statement?

Zalaster

member

Activity: 308

Merit: 13

It's too early to judge bitkoin. Today it is not useless, it is an inspiration for millions of people. They are passionate about it, investing and associating their future with it. Talk about the role of bitcoin will be in a few decades.

Wong owah

newbie

Activity: 163

Merit: 0

for me bitcoin is still useful, bitcoin is still a part of my life, so far I have been earning from bitcoin, bitcoin will be even more prosperous and will progress

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