Bitcoin regaining dominance. - page 14.

fasdorcas

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Quote from: MinMan on October 30, 2017, 12:04:45 AM

Quote from: kateryana81 on October 28, 2017, 01:22:38 AM

Quote from: Izarok on October 25, 2017, 10:58:03 PM

Bitcoin has always been dominating the market. After breaking through the $6000 mark I see a brighter days ahead. Even there is a fork Bitcoin will remain dominant.

Since the time bitcoin was introduced to this world, I can only see the graph of bitcoin going up and up most of the times. There are only few occasions when the market price of bitcoin has decreased, but most of the times it was one and only bitcoin having the number 1 ranking amongst all other coins. At present, everyone is talking about bitcoin and it is bitcoin which is grabbing the attention of all of us.

There is nothing in this world which can actually keep bitcoin for becoming not dominant. It is none other than bitcoin which will remain dominant most of the times. There is no way that we can deny this fact that bitcoin is the future. Past few days are turning out to be the best days in the history of bitcoin and there are so many people who are showing their interest in bitcoin due to this.

Yes it is and the proof is the up growing price. Just a few weeks ago the price of on bitcoin was about 4000 dollars and now the price of one bitcoin is about 6200 dollars. It means that there is increase of almost 2200 dollars in one bitcoin.

It means that bitcoin is regaining its value and dominance and in the near future it will overcome all the other currencies of the world and all the people will use only one digital currency which will be no doubt bitcoin.

guoyu78

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Quote from: usorin on October 31, 2017, 10:38:59 AM

Till recent if you wanted to make a exchange from crypto coin to fiat we had to use, inevitably, bitcoin. Now we have other altcoin that can be changed to fiat so i think this is the main reason why some coins are so popular.

There are number of other reasons as well which are helping the coins which are there in the world of crypto currency in gaining of dominance especially the bitcoin. Bitcoin is no doubt the best thing which one can have in his life.

The way bitcoin is helping so many of us in making such a huge amount of money is indeed appreciable. Moreover, its market price is continuously increasing which is making more investors to believe in it.

Hasbro27

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in my opinion bitcoin is already from the emergence of already developed crypto and currently the bitcoin rise is very high, so bitcoin remains the main choice of altcoin.

usorin

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Till recent if you wanted to make a exchange from crypto coin to fiat we had to use, inevitably, bitcoin. Now we have other altcoin that can be changed to fiat so i think this is the main reason why some coins are so popular.

rocketbits

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Quote from: jennal on October 30, 2017, 06:34:03 AM

This will go untill BTC reaches its 3rd wave peak, afterwards BTC will begin to fall and alts will regain the momentum IMO

That is happening from past 9 years. So many times, bitcoin was regulated in huge race of dips. At that time even the experience traders were afraid of what is happening but they had a trust in bitcoin. And this trust has gained by showing the audience when bitcoin revived again and again. Better profits for bitcoin now, and you will be amazed to see the progress in upcoming years.

deisik

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Quote from: BTCMILLIONAIRE on October 30, 2017, 01:35:40 PM

Quote from: deisik on October 30, 2017, 10:42:10 AM

Quote from: BTCMILLIONAIRE on October 30, 2017, 08:11:06 AM

Quote from: deisik on October 30, 2017, 08:07:30 AM

Quote from: BTCMILLIONAIRE on October 29, 2017, 10:24:30 AM

Quote from: deisik on October 28, 2017, 11:26:49 AM

I don't think you can say that

I mean this is not "real life commerce" by any metric, though it may certainly make you think so since it looks like you really paid with bitcoins for the goods you bought. If anything, it is just a hidden form of speculation. And yes, it does add more fuel to speculation and demand simply because it is speculation in its own right. Further, while I could somewhat agree to your claim that vendors using or not using BitPay as a middleman might not affect prices (though this is debatable but I won't digress), this doesn't add to real adoption anything if that was your point

I should've worded it a bit differently, as directly accepting Bitcoin would surely accelerate adoption. But just being able to quickly liquidate your assets by "directly" being able to purchase real goods with your assets (even through a middleman) is something that was and is not possible with traditional assets.
Thus a wide spread acceptance of cryptos (even through a middleman) would offer a completely new merit to cryptos as a form of asset that stocks, ETFs, bonds, etc. do not have, since you first have to sell them to be able to use the money for anything. And that can take several days to weeks in some cases.

I don't quite get your point

Indeed, you can't buy goods "directly" with stocks, ETFs, bonds, whatever, but what does it change? If we are not talking about some trash or toxic assets here (think of shitcoins as a sort of cryptoanalogy here), you can liquidate your assets pretty close to instant. It is surely not like it would take "several days to weeks in some cases" if we talk about, for example, major stocks or US Treasuries. I agree that this is something new in this "direct liquidation" (if I can call it so), but honestly, I don't see how it would contribute to Bitcoin popularity to any noticeable degree

I don't know what things are like in the US. But in Europe you have to close your position and then wait until it's accredited to your bank account to be able to use it. You can't always spend money directly out of your brokerage account, which is why people keep money in their bank account in the first place for "emergencies"

Okay, now I see what you mean

But the problem you raise has more to do with Bitcoin transfers versus fiat transfers rather than being able to spend your coins "directly" when you you can spend fiat money without any reservations (read directly in a true sense of the word). In other words, I don't see any particular difference between spending bitcoins when buying goods and spending fiat when buying the same goods. In fact, with Bitcoin you risk your transaction being denied for whatever reason (e.g. a sudden drop in exchange rate). Obviously, there are no such issues with fiat. In short, you make incorrect comparisons since you should compare Bitcoin with fiat, not with stocks or whatever

Bitcoin right now is more of a speculative investment than a currency though, at least until sufficient adoption to dampen the volatility takes place. Which is why I've compared it to other assets, rather than fiat currency. But yes, you are right with the risks of using it as a currency with no intermediary, although the risk is in Bitpay in current situations. How do they deal with this by the way? Are they just speculating that prices will increase?

Honestly, I don't know

But if I were in their place, I would be massively hedging their exposure to price volatility on major exchanges such as Bitfinex or Poloniex, the exchanges which allow shorting. There are many ways to get rid of volatility risks, so it is certainly possible to do. I don't really think that they are speculating since this involves additional risks, and they likely try to diminish risks, not to increase them. For example, if they have 1000 bitcoins as their turnover volume (i.e. they have this amount of bitcoins at any given moment), it makes sense to short at least some part of this volume. In this way, they become safe from abrupt price changes. It will cost them something (rather small percentage) but it is certainly worth doing

scott1

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I think there's a partial rotation into quality, meaning $$ from altcoins that are bleeding are moving into BTC. Also, we've now been through forks several times, so I'm going to assume most people see this as an opportunity to score a nice dividend going into the end of the month, which is why we're seeing more inflows. Thoughts?

deadthings

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Quote from: jennal on October 30, 2017, 06:34:03 AM

This will go untill BTC reaches its 3rd wave peak, afterwards BTC will begin to fall and alts will regain the momentum IMO

This is impossible, the bitcoin will never be overwhelmed by the smaller coins because they are spinning around him and not bitcoin around them.

BTCMILLIONAIRE

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Quote from: deisik on October 30, 2017, 10:42:10 AM

Quote from: BTCMILLIONAIRE on October 30, 2017, 08:11:06 AM

Quote from: deisik on October 30, 2017, 08:07:30 AM

Quote from: BTCMILLIONAIRE on October 29, 2017, 10:24:30 AM

Quote from: deisik on October 28, 2017, 11:26:49 AM

I don't think you can say that

I mean this is not "real life commerce" by any metric, though it may certainly make you think so since it looks like you really paid with bitcoins for the goods you bought. If anything, it is just a hidden form of speculation. And yes, it does add more fuel to speculation and demand simply because it is speculation in its own right. Further, while I could somewhat agree to your claim that vendors using or not using BitPay as a middleman might not affect prices (though this is debatable but I won't digress), this doesn't add to real adoption anything if that was your point

I should've worded it a bit differently, as directly accepting Bitcoin would surely accelerate adoption. But just being able to quickly liquidate your assets by "directly" being able to purchase real goods with your assets (even through a middleman) is something that was and is not possible with traditional assets.
Thus a wide spread acceptance of cryptos (even through a middleman) would offer a completely new merit to cryptos as a form of asset that stocks, ETFs, bonds, etc. do not have, since you first have to sell them to be able to use the money for anything. And that can take several days to weeks in some cases.

I don't quite get your point

Indeed, you can't buy goods "directly" with stocks, ETFs, bonds, whatever, but what does it change? If we are not talking about some trash or toxic assets here (think of shitcoins as a sort of cryptoanalogy here), you can liquidate your assets pretty close to instant. It is surely not like it would take "several days to weeks in some cases" if we talk about, for example, major stocks or US Treasuries. I agree that this is something new in this "direct liquidation" (if I can call it so), but honestly, I don't see how it would contribute to Bitcoin popularity to any noticeable degree

I don't know what things are like in the US. But in Europe you have to close your position and then wait until it's accredited to your bank account to be able to use it. You can't always spend money directly out of your brokerage account, which is why people keep money in their bank account in the first place for "emergencies"

Okay, now I see what you mean

But the problem you raise has more to do with Bitcoin transfers versus fiat transfers rather than being able to spend your coins "directly" when you you can spend fiat money without any reservations (read directly in a true sense of the word). In other words, I don't see any particular difference between spending bitcoins when buying goods and spending fiat when buying the same goods. In fact, with Bitcoin you risk your transaction being denied for whatever reason (e.g. a sudden drop in exchange rate). Obviously, there are no such issues with fiat. In short, you make incorrect comparisons since you should compare Bitcoin with fiat, not with stocks or whatever

Bitcoin right now is more of a speculative investment than a currency though, at least until sufficient adoption to dampen the volatility takes place. Which is why I've compared it to other assets, rather than fiat currency. But yes, you are right with the risks of using it as a currency with no intermediary, although the risk is in Bitpay in current situations. How do they deal with this by the way? Are they just speculating that prices will increase?

deisik

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Quote from: BTCMILLIONAIRE on October 30, 2017, 08:11:06 AM

Quote from: deisik on October 30, 2017, 08:07:30 AM

Quote from: BTCMILLIONAIRE on October 29, 2017, 10:24:30 AM

Quote from: deisik on October 28, 2017, 11:26:49 AM

I don't think you can say that

I mean this is not "real life commerce" by any metric, though it may certainly make you think so since it looks like you really paid with bitcoins for the goods you bought. If anything, it is just a hidden form of speculation. And yes, it does add more fuel to speculation and demand simply because it is speculation in its own right. Further, while I could somewhat agree to your claim that vendors using or not using BitPay as a middleman might not affect prices (though this is debatable but I won't digress), this doesn't add to real adoption anything if that was your point

I should've worded it a bit differently, as directly accepting Bitcoin would surely accelerate adoption. But just being able to quickly liquidate your assets by "directly" being able to purchase real goods with your assets (even through a middleman) is something that was and is not possible with traditional assets.
Thus a wide spread acceptance of cryptos (even through a middleman) would offer a completely new merit to cryptos as a form of asset that stocks, ETFs, bonds, etc. do not have, since you first have to sell them to be able to use the money for anything. And that can take several days to weeks in some cases.

I don't quite get your point

Indeed, you can't buy goods "directly" with stocks, ETFs, bonds, whatever, but what does it change? If we are not talking about some trash or toxic assets here (think of shitcoins as a sort of cryptoanalogy here), you can liquidate your assets pretty close to instant. It is surely not like it would take "several days to weeks in some cases" if we talk about, for example, major stocks or US Treasuries. I agree that this is something new in this "direct liquidation" (if I can call it so), but honestly, I don't see how it would contribute to Bitcoin popularity to any noticeable degree

I don't know what things are like in the US. But in Europe you have to close your position and then wait until it's accredited to your bank account to be able to use it. You can't always spend money directly out of your brokerage account, which is why people keep money in their bank account in the first place for "emergencies"

Okay, now I see what you mean

But the problem you raise has more to do with Bitcoin transfers versus fiat transfers rather than being able to spend your coins "directly" when you you can spend fiat money without any reservations (read directly in a true sense of the word). In other words, I don't see any particular difference between spending bitcoins when buying goods and spending fiat when buying the same goods. In fact, with Bitcoin you risk your transaction being denied for whatever reason (e.g. a sudden drop in exchange rate). Obviously, there are no such issues with fiat. In short, you make incorrect comparisons since you should compare Bitcoin with fiat, not with stocks or whatever

BTCMILLIONAIRE

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Quote from: deisik on October 30, 2017, 08:07:30 AM

Quote from: BTCMILLIONAIRE on October 29, 2017, 10:24:30 AM

Quote from: deisik on October 28, 2017, 11:26:49 AM

I don't think you can say that

I mean this is not "real life commerce" by any metric, though it may certainly make you think so since it looks like you really paid with bitcoins for the goods you bought. If anything, it is just a hidden form of speculation. And yes, it does add more fuel to speculation and demand simply because it is speculation in its own right. Further, while I could somewhat agree to your claim that vendors using or not using BitPay as a middleman might not affect prices (though this is debatable but I won't digress), this doesn't add to real adoption anything if that was your point

I should've worded it a bit differently, as directly accepting Bitcoin would surely accelerate adoption. But just being able to quickly liquidate your assets by "directly" being able to purchase real goods with your assets (even through a middleman) is something that was and is not possible with traditional assets.
Thus a wide spread acceptance of cryptos (even through a middleman) would offer a completely new merit to cryptos as a form of asset that stocks, ETFs, bonds, etc. do not have, since you first have to sell them to be able to use the money for anything. And that can take several days to weeks in some cases.

I don't quite get your point

Indeed, you can't buy goods "directly" with stocks, ETFs, bonds, whatever, but what does it change? If we are not talking about some trash or toxic assets here (think of shitcoins as a sort of cryptoanalogy here), you can liquidate your assets pretty close to instant. It is surely not like it would take "several days to weeks in some cases" if we talk about, for example, major stocks or US Treasuries. I agree that this is something new in this "direct liquidation" (if I can call it so), but honestly, I don't see how it would contribute to Bitcoin popularity to any noticeable degree

I don't know what things are like in the US. But in Europe you have to close your position and then wait until it's accredited to your bank account to be able to use it. You can't always spend money directly out of your brokerage account, which is why people keep money in their bank account in the first place for "emergencies".

If assets could be accessed immediately in the case of emergency there would be no need for bank account savings.

That's something that even widespread adoption of Bitpay could change.

deisik

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Quote from: BTCMILLIONAIRE on October 29, 2017, 10:24:30 AM

Quote from: deisik on October 28, 2017, 11:26:49 AM

I don't think you can say that

I mean this is not "real life commerce" by any metric, though it may certainly make you think so since it looks like you really paid with bitcoins for the goods you bought. If anything, it is just a hidden form of speculation. And yes, it does add more fuel to speculation and demand simply because it is speculation in its own right. Further, while I could somewhat agree to your claim that vendors using or not using BitPay as a middleman might not affect prices (though this is debatable but I won't digress), this doesn't add to real adoption anything if that was your point

I should've worded it a bit differently, as directly accepting Bitcoin would surely accelerate adoption. But just being able to quickly liquidate your assets by "directly" being able to purchase real goods with your assets (even through a middleman) is something that was and is not possible with traditional assets.
Thus a wide spread acceptance of cryptos (even through a middleman) would offer a completely new merit to cryptos as a form of asset that stocks, ETFs, bonds, etc. do not have, since you first have to sell them to be able to use the money for anything. And that can take several days to weeks in some cases.

I don't quite get your point

Indeed, you can't buy goods "directly" with stocks, ETFs, bonds, whatever, but what does it change? If we are not talking about some trash or toxic assets here (think of shitcoins as a sort of cryptoanalogy here), you can liquidate your assets pretty close to instant. It is surely not like it would take "several days to weeks in some cases" if we talk about, for example, major stocks or US Treasuries. I agree that there's something new in this "direct liquidation" (if I can call it so), but honestly, I don't see how it would contribute to Bitcoin popularity, acceptance and adoption in any noticeable degree (if that is your point)

Tamilson

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Quote from: BTCMILLIONAIRE on October 30, 2017, 07:02:05 AM

Quote from: jennal on October 30, 2017, 06:34:03 AM

This will go untill BTC reaches its 3rd wave peak, afterwards BTC will begin to fall and alts will regain the momentum IMO

Depends on how many new Bitcoin investors join the game vs how many cash out or invest in alts. But yes, this could happen.

Yes this will depend on turn of events in the life of bitcoin but no doubt after all happened this past few months bitcoin withstand all of the storm. We're still optimistic that we reached $6500 like we already touch the $6200 and we got 2 months to go before this year ends so it's not impossible as the bull run didn't stop. Bitcoin will always be the hail king.

BTCMILLIONAIRE

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Quote from: jennal on October 30, 2017, 06:34:03 AM

This will go untill BTC reaches its 3rd wave peak, afterwards BTC will begin to fall and alts will regain the momentum IMO

Depends on how many new Bitcoin investors join the game vs how many cash out or invest in alts. But yes, this could happen.

Jating

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Quote from: jpoker272727 on October 30, 2017, 06:33:16 AM

Quote from: Kakawate on October 23, 2017, 06:20:28 AM

I think, bitcoin will always be dominant to all other cryptocurrencies, with its price being on top with a miles rate away from the second highest coin, its gonna be hard to surpass that or even to equate it. Knowing that bitcoin has lots of investors and most eyes of people in the cryotoworld are on bitcoin, it adds to the dominance of bitcoin. I think bitcoin is just gonna keep on moving forward, increasing its rate to nobody can tell.

We all have always known Bitcoin to be regaining its stand no matter whatever it is that happens, but the only reason we seem to draw back when all these kind of things are happening is because you can never tell what the future brings (if only we do) Bitcoin can end anytime, when you least expected it. So we’re being always being very careful.

No question that bitcoin is very dominant nowadays, specially when the price shoots up to $6000 and their will be no challenger. However, we still have drawbacks like negative news really impacted us hard like just last month. That's why there's some question on its dominance. However, you have to look at it as just a challenge because I believed that bitcoin is still in its early stage, infancy perhaps. And yes we can really see what the future brings so that best thing we can do its just be careful of our investments.

jennal

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This will go untill BTC reaches its 3rd wave peak, afterwards BTC will begin to fall and alts will regain the momentum IMO

jpoker272727

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Quote from: Kakawate on October 23, 2017, 06:20:28 AM

I think, bitcoin will always be dominant to all other cryptocurrencies, with its price being on top with a miles rate away from the second highest coin, its gonna be hard to surpass that or even to equate it. Knowing that bitcoin has lots of investors and most eyes of people in the cryotoworld are on bitcoin, it adds to the dominance of bitcoin. I think bitcoin is just gonna keep on moving forward, increasing its rate to nobody can tell.

We all have always known Bitcoin to be regaining its stand no matter whatever it is that happens, but the only reason we seem to draw back when all these kind of things are happening is because you can never tell what the future brings (if only we do) Bitcoin can end anytime, when you least expected it. So we’re being always being very careful.

MinMan

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Quote from: kateryana81 on October 28, 2017, 01:22:38 AM

Quote from: Izarok on October 25, 2017, 10:58:03 PM

Bitcoin has always been dominating the market. After breaking through the $6000 mark I see a brighter days ahead. Even there is a fork Bitcoin will remain dominant.

Since the time bitcoin was introduced to this world, I can only see the graph of bitcoin going up and up most of the times. There are only few occasions when the market price of bitcoin has decreased, but most of the times it was one and only bitcoin having the number 1 ranking amongst all other coins. At present, everyone is talking about bitcoin and it is bitcoin which is grabbing the attention of all of us.

There is nothing in this world which can actually keep bitcoin for becoming not dominant. It is none other than bitcoin which will remain dominant most of the times. There is no way that we can deny this fact that bitcoin is the future. Past few days are turning out to be the best days in the history of bitcoin and there are so many people who are showing their interest in bitcoin due to this.

Md Saad

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Yeah, it's true that Bitcoin has come back strongly and day by day it is gaining its dominance in the digital currency platform. When the price of Bitcoin went down then many of us though that Bitcoin is terminating by itself but the scenario has been completely changed and Bitcoin has back strongly and regain to its field.
Not only that but also Bitcoin is becoming the most valuable currency in the digital monetary system.

BTCMILLIONAIRE

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Quote from: Don Pedro Dinero on October 29, 2017, 11:15:43 AM

Quote from: BTCMILLIONAIRE on October 29, 2017, 10:24:30 AM

I should've worded it a bit differently, as directly accepting Bitcoin would surely accelerate adoption. But just being able to quickly liquidate your assets by "directly" being able to purchase real goods with your assets (even through a middleman) is something that was and is not possible with traditional assets.
Thus a wide spread acceptance of cryptos (even through a middleman) would offer a completely new merit to cryptos as a form of asset that stocks, ETFs, bonds, etc. do not have, since you first have to sell them to be able to use the money for anything. And that can take several days to weeks in some cases.

I think the problem nowadays are commissions. I have only been into bitcoin a couple of moths but when I get information about the past years I see that commissions were pretty insignificant whereas nowadays I can pay a 0,70€ coffee with my mobile and if I had to pay it with bitcoin I would have to pay a commission, not so insignificant in terms of percentage.

I wouldn’t be surprised if bitcoin is used just for big transactions in the future and as a store of value, but it coexists with another alt for small transactions.

Yeah, that's what bothers me about Bitcoin as well. The high transaction fees. I used to order pizza and other food online regularly, but now the fees are about $4 per order... which is 25-50% of a meal. Hopefully a few forks will resolve this issue.

Topic: Bitcoin regaining dominance. - page 14. (Read 5077 times)