Bitcoin value depend on demand so IMO, bitcoin's demand still high enough , $ 7400 !
Let's compare 4 years ago when bitcoin still $ 299
Bitcoin value increase exponentially because people like bitcoin technology especially for transaction purpose !
Topic: bitcoin technology has been obsolete, why bitcoin prices still expensive? - page 4. (Read 682 times)
June 04, 2018, 12:53:26 PM
June 04, 2018, 12:51:16 PM
OP has made some contradictory statements in his original posts. Bitcoin is valuable today because people believe that the technology is not obsolete and that's what driving the demand for it resulting in the increase in the price of Bitcoin. In fact, most of the people have no idea about the potential of Bitcoin and hence it is still undervalued in my opinion. I agree that we don't have high utility value yet but things are still in the development phase and things will improve down the road.
June 04, 2018, 11:21:38 AM
What is the reason they say that bitcoin is archaic, it is clear that the bitcoin is the technology of the future, blockchain is a system that can not be duplicated by other system systems
June 04, 2018, 11:16:10 AM
Bitcoin doesn't just have a use case as a payment system but it works as a store of money also. And many people invest in Bitcoin as a store of value as it is the safest crypto in the whole crypto market. Also Bitcoin has a first movers advantage. While the technology might be old but new developments like lightning network will make it up for that.
June 04, 2018, 10:59:14 AM
I want to ask, many people are talking about bitcoin technology, they say bitcoin technology is old and outdated, why bitcoin prices are still expensive, why do so many people also buy bitcoin, according to you, what determines the price of bitcoin
lol at noobs here
okay which alts have improved updated functioning code that improves over btcs design??
this is clear improvements without possible reduction in security decentralisation and no need for trust
I await a clear answer
June 04, 2018, 10:37:07 AM
If you will say obselete it does not compromise with the market price for bitcoin. Yeah bitcoin maybe old but it is not an obselete coin because bitcoin is still the dominant crypto and all others are alternatiev coin. So no wonder why bitcoin market price is so high compared to alternative coin. If you want to know what compromise the bitcoin market price is that when most of the bitcoin holders will sell their bitcoin and for that bitcoin demand will get low and so does its market price.
June 04, 2018, 10:50:05 AM
indeed bitcoin is outdated but this bitcoin is the first virtual money made, and the other coins just go along with it, why bitcoin is still expensive because it is caused by the market demand so much and the enthusiasm of society is very big in investment, because bitcoin is eye money best.
June 04, 2018, 10:32:54 AM
it faith in bitcoin and price manipulation by some big group then bitcoin price seem too crazy in past.
I thought around 9-10k is nice price
I thought around 9-10k is nice price
June 04, 2018, 10:30:04 AM
I want to ask, many people are talking about bitcoin technology, they say bitcoin technology is old and outdated, why bitcoin prices are still expensive, why do so many people also buy bitcoin, according to you, what determines the price of bitcoin
This is my first time heard that bitcoin technology is outdated, cmon technology behind bitcoin the blockchain is a new and innovative technology where there are so many benefits that can solve our problems, 1 decade is a very short time for bitcoin to grow. The reason why the price is high it's due to the law of demand and supply, the more people buy it then the price will increase simple as that. June 03, 2018, 06:59:46 PM
Well, I know bitcoin technology is older than the other crypto currencies. But, it is dealing with a lot of advancement day by day. The transaction fees are a bit higher which helps the miners to do their processe.
June 03, 2018, 06:49:41 PM
It's a piece of piss to claim your shiny new blockchain can do tenty trillion tps. Let's see how it copes with that when it's maxed out 24/7 for years and years. Let's see what happens when an attack is laid on it. Let's see what happens when actual users start to prod every corner and exploit of your code.
People who claim 'old and outdated' are fucking morons who don't understand that trust, decentralisation and functionality are what count first. If you don't have that to start with you may as well pack up and go home.
And let's have a look, shall we?
https://github.com/bitcoin/bitcoin
Don't look too dead to me.
People who claim 'old and outdated' are fucking morons who don't understand that trust, decentralisation and functionality are what count first. If you don't have that to start with you may as well pack up and go home.
And let's have a look, shall we?
https://github.com/bitcoin/bitcoin
Don't look too dead to me.
June 03, 2018, 06:49:19 PM
Bitcoin's main advantage is its decentralization which was reached through early adoption. As far as its code is comprised in a way that limits the amount of btc which can be mined in a single timespan, bitcoin got distributed diversely. What is more, early adopters who now possess huge amounts of bitcoin are ideologically polarized so they wouldn't cooperate with governments or corporations which may want to suppress it.
June 03, 2018, 06:41:40 PM
It is true that bitcoin technology is outdated and outdated, compared to other technologies such as ethereum or Ripple
Outdated, how? Because there are no bailouts or centralized currency issuers? What is being done with Ethereum or Ripple that is so cutting edge, and are these things useful in any practical way?
BTC is the reserve currency in this space. I hold some altcoins here and there, but BTC is where I hold my wealth. There are no altcoins I feel comfortable holding as a long-term store of value.
I've got nothing against altcoins specifically. I think they're great as a test bed for features that can be built into (or on top of) Bitcoin, or for experimenting generally. And they're good for a trade/speculative gamble.
June 03, 2018, 06:39:04 PM
as I understood you simply by saying that the btc technology is obselete you mean there are better coins than btc, but what defines the price of an asset is not the utility 100% but the demand
June 03, 2018, 06:31:14 PM
I want to ask, many people are talking about bitcoin technology, they say bitcoin technology is old and outdated, why bitcoin prices are still expensive, why do so many people also buy bitcoin, according to you, what determines the price of bitcoin
I think bitcoin is not ancient because it follows the development of the times and technology as proof of price is still expensive and there are still many investors who are still interested 
June 03, 2018, 06:01:50 PM
The BTC and blockchain technologies are the most innovative technologies currently available to humans!
Its price is expensive because of the limited number of BTCs, and many people use BTC!
Because people believe BTC will change the financial order in the future!
It will always be expensive as investors still see how it can have more progress and attracts potential investors in the future when adoption of btc widely happened. Its price is expensive because of the limited number of BTCs, and many people use BTC!
Because people believe BTC will change the financial order in the future!
June 03, 2018, 06:00:41 PM
I want to ask, many people are talking about bitcoin technology, they say bitcoin technology is old and outdated, why bitcoin prices are still expensive, why do so many people also buy bitcoin, according to you, what determines the price of bitcoin
Because its technology is still good even if its old. Many big companies are too old than bitcoin and yet they are still on top and the reason why is that they continue to improved and people still love that company same thing with bitcoin. The price is still high because many investors are still coming and this is just a beginning of a greater future with bitcoin, expect a higher value in the future.
June 03, 2018, 05:56:53 PM
The BTC and blockchain technologies are the most innovative technologies currently available to humans!
Its price is expensive because of the limited number of BTCs, and many people use BTC!
Because people believe BTC will change the financial order in the future!
Its price is expensive because of the limited number of BTCs, and many people use BTC!
Because people believe BTC will change the financial order in the future!
June 03, 2018, 05:54:04 PM
I want to ask, many people are talking about bitcoin technology, they say bitcoin technology is old and outdated, why bitcoin prices are still expensive, why do so many people also buy bitcoin, according to you, what determines the price of bitcoin
People who say that Bitcoin is outdated are just repeating the words of altcoin marketers who make those claims in order to promote their own coin. They are making promises of millions of transactions per second, claim to be "blockchain 3.0" and promise to change the whole world, and in contrast describe Bitcoin as slow, old and inefficient. But anyone who understands the technology behind cryptocurrency sees that those altcoins are nothing more than vaporware, at best they have barely stable testnet without any features that were claimed, but most projects don't even have that. They're also extremely centralized and some projects have just 20-30 nodes in their network - these systems just can't be viewed as cryptocurrency. Bitcoin on the other hand is doing extremely well, it has survived many attacks and continues to get upgrades and has very realistic goals. So, to answer your question, many investors trust in Bitcoin's technology over altcoins. This created a reputation of stable and reliable coin, something that can't be said about altcoins.
June 03, 2018, 05:44:49 PM
I want to ask, many people are talking about bitcoin technology, they say bitcoin technology is old and outdated, why bitcoin prices are still expensive, why do so many people also buy bitcoin, according to you, what determines the price of bitcoin
I think that makes the price of bitcoin expensive because there are enthusiasts, so many who buy and the price will rise, whereas if the buyer is quiet, then the price will go down. and enthusiasts who join bitcoin are getting more and more investors are investing in bitcoin investments, and the number of people who buy and sell bitcoin grows so that the popularity of bitcoin increases. Jump to: