Bitcoin using or need! Vs stable coins - page 8.

Eugenar

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Quote from: Polo7 on October 24, 2019, 02:47:38 PM

WHO need Bitcoin and Why anyone Will use Bitcoin? If we have stable coins wich You can transfer around the world all Ready instantly
And They are stable.

Bitcoin is Not money Bitcoin is gamble, One day You put money in Other day You might lose it.

There is no clear way to predict btc price either.

So Why we exacly need Bitcoin?

Year 2019 who need Bitcoin??
Year 2020 who need? And who Will be using Bitcoin year 2025 Huh

Bitcoin Will lose all the power If there is no clear Reason Why would we need btc and how we gona use it.

Day traders swing traders... Don't keep Bitcoin alive for too Long all They do is trading btc with each other, there is no profit but Will be losses.

But look at the stable coins They are stable and have same aspects as Bitcoin has, so Can anyone explain to me who or why Will need Bitcoin?

In the latter future, I do believe that bitcoins volatility will the not be the same as right now. Volatility of bitcoin will be much more stabilize as we approach the end of supplies, and I'm pretty sure people are then using crypto in everyday lives, as a result, bitcoin needs to be universal so it will be forced to become stable in the market for it is what people need in daily transaction.

jrrsparkles

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Quote from: Polo7 on October 24, 2019, 02:47:38 PM

WHO need Bitcoin and Why anyone Will use Bitcoin? If we have stable coins wich You can transfer around the world all Ready instantly
And They are stable.

Bitcoin is Not money Bitcoin is gamble, One day You put money in Other day You might lose it.

There is no clear way to predict btc price either.

So Why we exacly need Bitcoin?

Year 2019 who need Bitcoin??
Year 2020 who need? And who Will be using Bitcoin year 2025 Huh

Bitcoin Will lose all the power If there is no clear Reason Why would we need btc and how we gona use it.

Day traders swing traders... Don't keep Bitcoin alive for too Long all They do is trading btc with each other, there is no profit but Will be losses.

But look at the stable coins They are stable and have same aspects as Bitcoin has, so Can anyone explain to me who or why Will need Bitcoin?

if you wanted to stick with the old fiat or stable crypto then its fine but understand that the stable value is not stable its continuously decreasing every year in the name of inflation so literally you were losing the power or value of stable coins in longer run like the purchasing power.

Bitcoin is the next generation money,Bitcoin was made to break these things and wanted to give freedom to the user who holds it and it not intentionally made for traders but the are making benefits from it.

agentx44

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Quote from: Polo7 on October 24, 2019, 02:47:38 PM

WHO need Bitcoin and Why anyone Will use Bitcoin? If we have stable coins wich You can transfer around the world all Ready instantly
And They are stable.

Bitcoin is Not money Bitcoin is gamble, One day You put money in Other day You might lose it.

There is no clear way to predict btc price either.

So Why we exacly need Bitcoin?

Year 2019 who need Bitcoin??
Year 2020 who need? And who Will be using Bitcoin year 2025 Huh

Bitcoin Will lose all the power If there is no clear Reason Why would we need btc and how we gona use it.

Day traders swing traders... Don't keep Bitcoin alive for too Long all They do is trading btc with each other, there is no profit but Will be losses.

But look at the stable coins They are stable and have same aspects as Bitcoin has, so Can anyone explain to me who or why Will need Bitcoin?

I think you are underestimating bitcoin's ability to bounce back, from being in the rock bottom on being on the highest position among any other cryptocurrency. I think we cannot say that we don't need bitcoin anymore because just like the moon, it borrows its radiance from the sun, same goes in crypto. Altcoins is influenced by the price of bitcoin so not patronizing it is already a massive damage to all the other altcoins.

el kaka22

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Value is non existing in bitcoin world, the people who came here from either financial background or at least came here for financial reasons unlike the developers who came here for the coding part of it always tries to examine bitcoin like any other commodity they have faced but it is not like them.

Yes, it has a price that is unavoidable but it doesn't have a "value", value is when people give something a value, to me this object could be 2 bucks, to someone else it could be hundred million dollars, that is value, the price is always set but the value is always changing. Bitcoin doesn't have a value because the price is literally is its value, it depends on people buying and selling to have a price and that means in bitcoin world value is equal to price which is why value doesn't exactly exists.

dimonstration

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Dimon69

Quote from: BitHodler on October 25, 2019, 09:04:26 AM

Stablecoins aren't investments. They are tools to hedge the risk of volatility or a bear market, or simply to take advantage of arbitrage opportunities because it's much faster to move back and forth than fiat through banks.

It seems that you care more about hedging a bear market, which you can still do if you think the price has more room to the downside. Everyone is free to express their views and points, which OP has done.

I do however believe that it's all just emotions that got the better of you, so try to work on that.... handy tips are to not over-invest, don't use too much leverage, and learn to understand the market to spot the bearish signs on time.

I don't consider stablecoin as an investment too, since there is no way it will increase in value, but we all have different thoughts about these matter and freewill to understand what we want to understand. We are esponsible in every action and decision we do in crypto sphere so we better research base on our capability on what will be best for us, if risking in decentralized coins are hard for OP and others then let it.

error08

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Quote from: Polo7 on October 24, 2019, 02:55:04 PM

Will I Invest my hard earned real money into Bitcoin?? The answer is no! Will anyone who is in rational mind Will Invest in btc?? The answer is clear no!!

Then it's not for you but many people and investors buy bitcoin until it reaches this point.

Quote from: Polo7 on October 24, 2019, 02:55:04 PM

Will I Invest into stable coins? The answer is yes!! Stable coins are the best Thing what Ever happened! Clearly but Bitcoin is not.

What is your purpose invest in stable coins? since it's like fiat currency in your bank account, you may feel free to send it wherever you want or else you want but for what purpose?

Quote from: Polo7 on October 24, 2019, 02:55:04 PM

If I have 100 usdt I know I have it but 1 btc... Welll one day 7000 Other day 8000...

And then next year $10,000. That's a good profit rather than invest in stable coins.

Quote from: Polo7 on October 24, 2019, 02:55:04 PM

I dont think Bitcoin can survive for long If there is no outside help!!

Bitcoin is here to stay forever and being used in every way it can be, as long as internet does exist.

tenakha

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Quote from: Polo7 on October 24, 2019, 02:47:38 PM

WHO need Bitcoin and Why anyone Will use Bitcoin? If we have stable coins wich You can transfer around the world all Ready instantly
And They are stable.

Bitcoin is Not money Bitcoin is gamble, One day You put money in Other day You might lose it.

There is no clear way to predict btc price either.

So Why we exacly need Bitcoin?

Year 2019 who need Bitcoin??
Year 2020 who need? And who Will be using Bitcoin year 2025 Huh

Bitcoin Will lose all the power If there is no clear Reason Why would we need btc and how we gona use it.

Day traders swing traders... Don't keep Bitcoin alive for too Long all They do is trading btc with each other, there is no profit but Will be losses.

But look at the stable coins They are stable and have same aspects as Bitcoin has, so Can anyone explain to me who or why Will need Bitcoin?

How do you think stable coin is superior than BTC?

Stable coins are not as reliable as BTC- While the majority are reluctant to use it even in the crypto market, you think stable coin is better than BTC without research.

Stable coins is not decentralized like BTC- You praise us such a coin that its price is even based on today's USD (even this is a lie, most of them were not backed up with anything). There is an institution or anything that keeps the price constant in stable currencies like FED which determines the price of USD.

BitHodler

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Stablecoins aren't investments. They are tools to hedge the risk of volatility or a bear market, or simply to take advantage of arbitrage opportunities because it's much faster to move back and forth than fiat through banks.

It seems that you care more about hedging a bear market, which you can still do if you think the price has more room to the downside. Everyone is free to express their views and points, which OP has done.

I do however believe that it's all just emotions that got the better of you, so try to work on that.... handy tips are to not over-invest, don't use too much leverage, and learn to understand the market to spot the bearish signs on time.

Duzter

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When we think of bitcoin, it is all about technology as well as digitized form of value transfer. Stablecoins are created as a part to provide fiat a digital outlook. The future generation is completely dependents of digital growth, for everything they've begun to rely on the gadgets and other technology based devices. To this growth bitcoin is the one that can fulfill the needs of people and the growth happening with time.

abeecrypto

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Bitcoin is not money? Well, it depends on your definition of money. Yes, Bitcoin is volatile, but every holder knows that. Maybe, the volatility is the fun part of cryptocurrency.
It is true that stable coin is less volatile but have you asked yourself, how stable are the stable coins you see around? Are you making use of coins for just stability or investment?
And you wrote about gamble. Investments are, most times, gamble. You never know whether they will be profitable or not. And that is the beauty of it.

jets567

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Quote from: Polo7 on October 24, 2019, 02:55:04 PM

Will I Invest my hard earned real money into Bitcoin?? The answer is no! Will anyone who is in rational mind Will Invest in btc?? The answer is clear no!!

Will I Invest into stable coins? The answer is yes!! Stable coins are the best Thing what Ever happened! Clearly but Bitcoin is not.

If I have 100 usdt I know I have it but 1 btc... Welll one day 7000 Other day 8000...

I dont think Bitcoin can survive for long If there is no outside help!!

The swinging 7000-8000 price range is coz of the same Old crypto currency traders trade with each other... So one day joe Win jack s btc and next day jacks wins joe's btc and Exchanger Will take fee...

Traders Not Winners Here!

If you are so afraid of taking risk, what's the point of converting your fiat currency to a stablecoin (centralized) instead of investing in banks? The price fluctuation is natural in Bitcoin and despite of its characteristic, many people still use it and recognize Bitcoin as the strongest coin in crypto market because of its fully decentralized and trustless system.

Wintersoldier

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Quote from: iMark on October 25, 2019, 05:12:22 AM

I think people who doubt the purpose and function of using bitcoin are those who often panic when prices fall. because they don't have any grip and belief in bitcoin. whereas the main advantages of bitcoin are clear, that anonomity and decentralization are the main attractions of bitcoin, and you can say that fluctuations make bitcoin unsuitable for currency, but the fact is that many merchants and users use bitcoin for it. Bitcoin is needed for many reasons, and including what I mentioned.

First and foremost, people should first learn and understand the difference of market terms such as pice and value. Price is changing, value is dominance. Why dominance? since whenever a crypto's market price decline, its value will remain the same as it suggest the potential of the coin to get back better in a latter time. Some newbies and impatient's doesn't know that, as a result, they tend to panic sell and worry about their investment.

dimox

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people need bitcoin for their salary, for profit. we can use crypto as payment, around the world, but that coin must be stable, no up down value, it have same cost in every country. every country can create their own coin than make regulation about it, so poeple there some equally between each country.

iMark

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I think people who doubt the purpose and function of using bitcoin are those who often panic when prices fall. because they don't have any grip and belief in bitcoin. whereas the main advantages of bitcoin are clear, that anonomity and decentralization are the main attractions of bitcoin, and you can say that fluctuations make bitcoin unsuitable for currency, but the fact is that many merchants and users use bitcoin for it. Bitcoin is needed for many reasons, and including what I mentioned.

maxreish

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You misunderstood the main purpose of bitcoin. It was created by Nakamoto mainly to use as a blockchain technology and as a peer to peer digital payments. It doesn't make sense to compare btc into some stable coins. Other consider it as a store value and investment.

And those traders you are talking, they are gaining profits by doing that.

Why exactly do we need it? I want to be a part of this advanced technology, when I am using btc I wasn't controlled by any organizations or institutions. That's freedom.

Murat

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Yeah, I agree with you on this issue but I have some of the observations also against this point, have you ever got any profit by holding the stable coin in your lifetime? I think there is no way to get any return by holding money but Bitcoin will give much profit if you hold someday because of this currency is unstable, instability also has some positive side, I think this is not right what you have described, I know stable coin doesn't need any risk to hold on you but Bitcoin is totally web-based currency, anything could happen in this system but when you want to make money by a low effort then you have to take a high risk, for me, this is nothing but a risk-taking game.

dentolas

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I am sorry my friend, but stable coins are good just to use as a protection against other crypto volability...
These stable coins are supposed to be backed by fiat currency (please note the word supposed and search for example Tether), so they are the exact digital versions of centralised printed cash... if you want to keep on going with that system... go ahead
You people invest in a rush and think prices always go up, than rush to FUD if the price go down... need to have pacience

CryptoBry

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Quote from: Polo7 on October 24, 2019, 02:47:38 PM

WHO need Bitcoin and Why anyone Will use Bitcoin? If we have stablecoins which you can transfer around the world all ready instantly
And They are stable. Bitcoin is Not money Bitcoin is gamble, One day You put money in Other day You might lose it. But look at the stable coins They are stable and have same aspects as Bitcoin has, so Can anyone explain to me who or why Will need Bitcoin?

I think you are just concerned with the fact that stablecoins can be transferred anywhere in the globe but so does the real fiat money, you can easily remit it these days as we now have many remittance service providers all waiting for you. Now, you said that stablecoins have same aspects as Bitcoin? Are you sure of that? Do you know that stablecoins are centralized and as such when the going get tough it can suddenly just close its doors and your coins gone for good? Look, stablecoins have their own role to play in the overall cryptocurrency market and they are not meant to kill Bitcoin, just like how you are feeling right now that there is an ongoing crash. Just remember Bitcoin is bouncing back soon. You might somehow hate Bitcoin right now but you will hate it more when it reaches a new ATH in 2020 since you have sold all of your BTC holdings yesterday.

Palider

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Quote from: Polo7 on October 24, 2019, 02:47:38 PM

WHO need Bitcoin and Why anyone Will use Bitcoin? If we have stable coins wich You can transfer around the world all Ready instantly
And They are stable.

You can also use Bitcoin to send worldwide, and it's completely anonymous

Quote

Bitcoin is Not money Bitcoin is gamble, One day You put money in Other day You might lose it.

Bitcoin is an asset, Just like Gold and so on. That's why prices are falling and rising.

Quote

There is no clear way to predict btc price either.

Yes, There is no clear basis for knowing its price in the coming days. But what is clear here is that we are seeing a potential rise in prices as many countries support it.

Quote

So Why we exacly need Bitcoin?

To me, this is a form of investment and money. If you have bitcoin just keep it and go back for a few years, its price may drop or rise. And this is what you can't do with stable coins and fiat money.

andycarrol

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I think bitcoin currently only has a role to use and has not become a necessity because there are still many countries that have not yet received payments using bitcoin, indeed it is still inferior to stable coins but the price of bitcoin can provide enormous benefits if you can use it.

Topic: Bitcoin using or need! Vs stable coins - page 8. (Read 1186 times)