Bitcoin: Should you stay or should you go? - page 24.

newb4now

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Quote from: unamis76 on June 01, 2015, 08:07:30 AM

Just like you say about the Apple computers in the early days, the tools were there, but nobody really saw an usage... We have to give it time and develop Bitcoin further.

Something to ponder about when thinking if one should stay or go is the Blockchain technology itself, not only Bitcoin. The Blockchain tech is even bigger than Bitcoin, I think, and it could easily reach bigger proportions than the coin itself (although if it does, the coin will go through the roof too, probably, as both are tied together)

Summing it all up, it's time to stay Grin

Great analogy about Apple. The tech can do more than we can currently imagine.

The blockchain is the key invention of satoshi. Bitcoin as a currency is just the first blockchain "app". Many more apps will come

Blockchain tech will change the world.

Fortunes will be made with those that come up with great ideas how how to utilize the blockchain in new and innovative ways.

Bitcoin could fair for some yet unknown reason and the blockchain would remain.

I still think it is more likely that not that bitcoin will eventually fail (and be replaced by something else) but not in the short run. I still think BTC is a good investment at these prices despite that statement because the potential returns if it becomes a major world currency completely dwarf the loss if it fails. Attractive risk/reward if you ask me so long as you do not invest more than you can afford to lose

extrabyte

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Quote from: Dotakels on July 10, 2015, 02:47:24 AM

Quote from: harizen on July 09, 2015, 06:16:08 AM

Quote from: Dotakels on July 09, 2015, 03:40:11 AM

Quote from: harizen on July 07, 2015, 10:28:47 AM

I should stay

Keeping my beloved satoshis now since the day I entered the BTC world. Besides today , I really don't know where I will put all of my saved btc's that's why for now I will keep it.

They should stay because bitcoin price last few days until now goes up and now its price is $270 . If they still stay and not go the price of bitcoin goes up in succeeding days.

Yeah agree. I read some speculations with some fearless market forecast analyzation that it can reached $300 by the end of the year or in first quarter next year.

What you think guys Huh

Many users are so very happy in that news. If its price continuously increase, many users will still used bitcoin and also they can invite their friends to also used it and they can tell that its price are so big compare with the last years.

Yeah Bitcoin still has the biggest traction, acceptance, and best known name out there. That is what actually counts.

BruceSwanson

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Quote from: BruceSwanson on June 01, 2015, 01:24:07 AM

My conclusion: stay. The blockchain itself will be the killer app upon which all other apps and bitcoins' fiat value will depend.]

Take a look at this NPR story: http://www.npr.org/player/v2/mediaPlayer.html?action=1&t=1&islist=false&id=421684368&m=421684369

Starting at 1:30 into the story, I immediately thought of the blockchain and its ability to validate that data has not been changed. Then I went to Coinbase and saw that the price of bitcoin had jumped.

Coincidence? At any rate, that news could hardly hurt the price.

afriezalie

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Quote from: Amph on July 10, 2015, 03:08:53 AM

Quote from: afriezalie on July 09, 2015, 10:28:20 PM

Good luck for everyone who will leave bitcoin. In some years bitcoin will be a great payment method and beat paypal. At that moment, be happy with your government Cheesy

we are very near to beat paypal in the tx volume, they have only 100 more, there is a big picture with the top 10, and we are in top 10 at the moment, paypal is shit, bitcoin is aiming to beat mastercard and visa

i'm staying with this baby, because i want to see the fear of the other when bitcoin will be really big, and i want to see them in knee when bitcoin, will bring them down

Yeah in transaction volume we can beat paypal, but we need bitcoin community to grow larger to beat visa and mastercard ( it will take a long time ).

harizen

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For support ➡️ help.bc.game

Quote from: Amph on July 10, 2015, 03:08:53 AM

i'm staying with this baby, because i want to see the fear of the other when bitcoin will be really big, and i want to see them in knee when bitcoin, will bring them down

Well for me I want to see bitcoin will be really big but I don't want others to became down. Maybe behind but not totally down. Still all of them are helpful in many ways.

Amph

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Quote from: afriezalie on July 09, 2015, 10:28:20 PM

Good luck for everyone who will leave bitcoin. In some years bitcoin will be a great payment method and beat paypal. At that moment, be happy with your government Cheesy

we are very near to beat paypal in the tx volume, they have only 100 more, there is a big picture with the top 10, and we are in top 10 at the moment, paypal is shit, bitcoin is aiming to beat mastercard and visa

i'm staying with this baby, because i want to see the fear of the other when bitcoin will be really big, and i want to see them in knee when bitcoin, will bring them down

Dotakels

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Quote from: harizen on July 09, 2015, 06:16:08 AM

Quote from: Dotakels on July 09, 2015, 03:40:11 AM

Quote from: harizen on July 07, 2015, 10:28:47 AM

I should stay

Keeping my beloved satoshis now since the day I entered the BTC world. Besides today , I really don't know where I will put all of my saved btc's that's why for now I will keep it.

They should stay because bitcoin price last few days until now goes up and now its price is $270 . If they still stay and not go the price of bitcoin goes up in succeeding days.

Yeah agree. I read some speculations with some fearless market forecast analyzation that it can reached $300 by the end of the year or in first quarter next year.

What you think guys Huh

Many users are so very happy in that news. If its price continuously increase, many users will still used bitcoin and also they can invite their friends to also used it and they can tell that its price are so big compare with the last years.

afriezalie

sr. member

Activity: 364

Merit: 250

Good luck for everyone who will leave bitcoin. In some years bitcoin will be a great payment method and beat paypal. At that moment, be happy with your government Cheesy

BIT-Sharon

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Quote from: melody82 on June 01, 2015, 02:13:53 AM

Yeah I see what you are saying. I think the first step is to simplify the exchange process. I had to read up on how to buy bitcoins and tbh it was a total pain to get some. If you could just buy them direct from a bank account in stead of having to wait a week or pay a hefty transfer fee then that would go a long way to better adoption. That will be the first barrier to cross. The second will be transaction speed. The average person does not want to wait so long for a transaction to go through. They are used to credit cards and instant money. Third there needs to be some advantage that bitcoins have. Why would the average person use bitcoins in stead of dollars? If I get ripped off using my CC then I just call them and have the transaction reversed. BTC has no such thing. It needs to have an advantage for the average person and not just us.

We should consider and discuss the way to develop the advantage of bitcoins for the average person to use.

wearepoor

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Quote from: zeraTunerse on July 09, 2015, 12:31:34 PM

Quote from: ThEmporium on July 09, 2015, 08:40:19 AM

I do not think that any one is willing to leave Bitcoin and go, as you said Bitcoin has its own fits and starts, it will re-emerge again to it's own defined value, however do we have to think Bitcoin only as a transaction and exchange purpose, why we forget often to look at Bitcoin as a revolutionary digital currency technology which has high quality features besides the exchange rates.

yes and if you look at the current value of the bitcoin it is increasing. It is not as upto the mark but in recent last one week I have noticed that the value of bitcoin is rising and it is a great news for bitcoin community who have faith in bitcoin so i believe that we should stay for a while that would be the best option.

We have worked so hard on earning bitcoins so it would be foolishness if we leave at a moment. Bitcoin needs a support from us and everyone to regain its value So I don't think it would be wise to leave in between we should continue with the bitcoins.

Daniel91

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Quote from: MUFC on July 09, 2015, 11:59:13 AM

Quote from: 1Referee on July 09, 2015, 08:39:20 AM

Quote from: Daniel91 on July 09, 2015, 08:16:39 AM

Bitcoin still didn't become mainstream

You can't expect Bitcoin to become mainstream in its current form. It's not ready for it yet.

How is it not ready for it yet? I think it's equipped well enough for it, but mainstream adoption/growth will be slow and take time any way.

Quote from: 1Referee on July 09, 2015, 08:39:20 AM

Quote from: Daniel91 on July 09, 2015, 08:16:39 AM

its growth has slowed

Since when did the growth slow down? More and more merchants are accepting Bitcoin as form op payment.

I think by growth he means price, but bitcoin's growth does seem to have stalled if we're talking about big merchants accepting it.

Quote from: 1Referee on July 09, 2015, 08:39:20 AM

Quote from: Daniel91 on July 09, 2015, 08:16:39 AM

the value became unstable.

When was the value ever stable?

Hehe, I think people just want the price to keep on rising, just not fall. I don't think bitcoin's value will stabilize anytime soon. Good for speculators but not for those who want to use it as a currency.

Thank you very much MUFC for explaining my viewpoints so well.
Yes, I'm concern about price of BTC. If price changing all the time merchants will not so easy accept bitcoin and this is serious issue now.
Who wants to take the chance to sell a product for a certain amount of Bitcoin and then to lose some money because the price of Bitcoin fell on market?
Yes, I also don't think that bitcoin's value will stabilize anytime soon. Because of this people will continue to use bitcoin only as investment and not as a currency, what should be our main long term goal.

zeraTunerse

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Quote from: ThEmporium on July 09, 2015, 08:40:19 AM

I do not think that any one is willing to leave Bitcoin and go, as you said Bitcoin has its own fits and starts, it will re-emerge again to it's own defined value, however do we have to think Bitcoin only as a transaction and exchange purpose, why we forget often to look at Bitcoin as a revolutionary digital currency technology which has high quality features besides the exchange rates.

yes and if you look at the current value of the bitcoin it is increasing. It is not as upto the mark but in recent last one week I have noticed that the value of bitcoin is rising and it is a great news for bitcoin community who have faith in bitcoin so i believe that we should stay for a while that would be the best option.

GeorgeFeb

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Ok cool, nice forecast!

Amph

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Quote from: GeorgeFeb on July 09, 2015, 11:05:38 AM

Quote from: Amph on July 09, 2015, 10:04:52 AM

Quote from: 1Referee on July 09, 2015, 08:39:20 AM

When was the value ever stable?

well moving in a short range like 220-250 is considered stable, this is the best stability you can get with an asset like bitcoin, at least for now with its current level of adoption

Do you think it'll go up any time soon, maybe towards the end of the year?

we did a good jump that it wasn't a dead cat bounce, and it's holding strong its new position, we can for sure surpass 300 before the end of summer and maybe 500 within the end of the year, those seems realistic prices based on the last demand

but you know it may actually go even higher than that, on the other hand i don't see any reason why it should drop now

MUFC

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Quote from: 1Referee on July 09, 2015, 08:39:20 AM

Quote from: Daniel91 on July 09, 2015, 08:16:39 AM

Bitcoin still didn't become mainstream

You can't expect Bitcoin to become mainstream in its current form. It's not ready for it yet.

How is it not ready for it yet? I think it's equipped well enough for it, but mainstream adoption/growth will be slow and take time any way.

Quote from: 1Referee on July 09, 2015, 08:39:20 AM

Quote from: Daniel91 on July 09, 2015, 08:16:39 AM

its growth has slowed

Since when did the growth slow down? More and more merchants are accepting Bitcoin as form op payment.

I think by growth he means price, but bitcoin's growth does seem to have stalled if we're talking about big merchants accepting it.

Quote from: 1Referee on July 09, 2015, 08:39:20 AM

Quote from: Daniel91 on July 09, 2015, 08:16:39 AM

the value became unstable.

When was the value ever stable?

Hehe, I think people just want the price to keep on rising, just not fall. I don't think bitcoin's value will stabilize anytime soon. Good for speculators but not for those who want to use it as a currency.

lorylore

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Quote from: Argwai96 on July 09, 2015, 11:48:06 AM

Good luck to all those that want to leave bitcoin and glorify the fiat economy, is fine if you want to keep the fiat mentally but soon you will come around but it might be to late to say oh i had bitcoin when it was 250s

Good luck to everyone who want to leave, i am staying and i am enjoying the bitcoin.

Argwai96

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Thug for life!

Good luck to all those that want to leave bitcoin and glorify the fiat economy, is fine if you want to keep the fiat mentally but soon you will come around but it might be to late to say oh i had bitcoin when it was 250s

ifightformerkel

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Good luck too all that will leave bitcoin.

But at one time you will see a gap in your online banking account named bitcoin.
Where you can directly buy with your money bitcoins

Than you will know, bitcoin done it.

GeorgeFeb

full member

Activity: 224

Merit: 101

Quote from: Amph on July 09, 2015, 10:04:52 AM

Quote from: 1Referee on July 09, 2015, 08:39:20 AM

When was the value ever stable?

well moving in a short range like 220-250 is considered stable, this is the best stability you can get with an asset like bitcoin, at least for now with its current level of adoption

Do you think it'll go up any time soon, maybe towards the end of the year?

GeorgeFeb

full member

Activity: 224

Merit: 101

Quote from: melody82 on June 01, 2015, 02:13:53 AM

Yeah I see what you are saying. I think the first step is to simplify the exchange process. I had to read up on how to buy bitcoins and tbh it was a total pain to get some. If you could just buy them direct from a bank account in stead of having to wait a week or pay a hefty transfer fee then that would go a long way to better adoption. That will be the first barrier to cross. The second will be transaction speed. The average person does not want to wait so long for a transaction to go through. They are used to credit cards and instant money. Third there needs to be some advantage that bitcoins have. Why would the average person use bitcoins in stead of dollars? If I get ripped off using my CC then I just call them and have the transaction reversed. BTC has no such thing. It needs to have an advantage for the average person and not just us.

It's very simple to buy them either via LocalBitcoins or BTC-E!

Topic: Bitcoin: Should you stay or should you go? - page 24. (Read 34212 times)