Topic: Bitcoin value starts with people's attention? or with its technology? - page 4. (Read 534 times)
January 22, 2020, 05:19:35 AM
I think the people's attention that came from fast growing of bitcoin price (especially the 2017 bull run), is the most important reason for bitcoin value today. Blockchain is a great tech but Bitcoin is not ready for mass adoption. I would argue that Bitcoin will need to scale faster to accommodate a large increase in users. The fees and confirmation times aren't too horrendous right now but it could get much worse again in future. Segwit needs to have higher adoption and lightning network needs to be implemented widely.
January 22, 2020, 05:02:57 AM
Bitcoin is not for everyone who like to improve their life, it's just a system and with massive adoption its gonna be more transparent compared the centralized system we are currently using.
Who benefited this? the users and the investors who invested at its early stage.. I am sure, this internet money will be popular in the future sending money in different parts of the world would be easy.
Who benefited this? the users and the investors who invested at its early stage.. I am sure, this internet money will be popular in the future sending money in different parts of the world would be easy.
January 22, 2020, 04:58:58 AM
I think we still live fine without having Bitcoin being actively used in our real lives.
Everything's fine, until it's not. You could probably argue that you currently don't need bitcoin if you live in a country with a somewhat "healthier" economy(for now, at least) like the United States, but in the future? Let's see. You just hope that no one gets to mess up the economy either by corruption, or mismanagement. Also, let's not forget our buddies in countries with dumpstered economies like Zimbabwe and Venezuela.
January 22, 2020, 04:43:01 AM
everyone has different thoughts about bitcoin, so no one forbids you to live without bitcoin and also nobody forces you to be a bitcoin user, how can anyone pay attention without having to look at the technology, even some people buy and sell their products too with bitcoin, sometimes people buy it as an investment in their digital assets where at times they can sell it when it's expensive, so what's bothering you about bitcoin while bitcoin doesn't disturb your life at all, just live what it should be, everyone goes for bitcoin is their freedom of thought about bitcoin whether it comes from investing or looking for profit or just attention and that's what makes bitcoin valuable, lots of technology you can use it's just that you don't want to use it and it will be very difficult, everything comes back again to people How do they think about bitcoin?
January 22, 2020, 03:00:42 AM
Is Bitcoin really a such innovative thing that can change people's lives significantly in the future?
I think we still live fine without having Bitcoin being actively used in our real lives.
Oh well... In terms of transparency, i can take on Bitcoin's technology.
But which one is it that raised its value so much though?
Technology or People's attention?
So without us bitcoin is useless that is why the founder and supporters of bitcoin are doing their best to advertise bitcoin in order to reach to other people who are potential investors or supporters in order to raise the price of bitcoin. More demand means higher price.
January 22, 2020, 01:26:00 AM
Is Bitcoin really a such innovative thing that can change people's lives significantly in the future?
I think we still live fine without having Bitcoin being actively used in our real lives.
Oh well... In terms of transparency, i can take on Bitcoin's technology.
But which one is it that raised its value so much though?
Technology or People's attention?
So without us bitcoin is useless that is why the founder and supporters of bitcoin are doing their best to advertise bitcoin in order to reach to other people who are potential investors or supporters in order to raise the price of bitcoin. More demand means higher price.
January 22, 2020, 01:07:56 AM
But which one is it that raised its value so much though?
Technology or People's attention?
On the other hand, maybe, if bitcoin doesn't become a stored value coin we don't bother to use even how promising it is. C'mon, don't be hypocrite if you say no.
January 22, 2020, 01:07:53 AM
Well, you have asked a lot of questions within a small scope of this thread. But let me try to answer.
Is Bitcoin really a such innovative thing that can change people's lives significantly in the future?
I think we still live fine without having Bitcoin being actively used in our real lives.
Indeed it is a life changing concept! However, it depends on how you look at it. Majorly, bitcoin is used as an investment contrary to its initial idea. But we have loads of examples where people were able to achieve succes through crypto trading or just by investing in it. We have negative examples as well but these people tried to become rich overnight. So it's a mix of good and bad experiences like most other things of the world.
Bitcoin is not being used actively in many countries. But here the issue lies with the legal framework of that country, not with bitcoin. It is fully capable to be used actively but due to unfavorable legislation, people are not able to!
It's both! The anonymity is one of the major factors behind the popularity of bitcoin today. So first came the technology which caught people's attention and then comes the popularity. This popularity is what driving bitcoin today! Makes sense?
Is Bitcoin really a such innovative thing that can change people's lives significantly in the future?
I think we still live fine without having Bitcoin being actively used in our real lives.
Indeed it is a life changing concept! However, it depends on how you look at it. Majorly, bitcoin is used as an investment contrary to its initial idea. But we have loads of examples where people were able to achieve succes through crypto trading or just by investing in it. We have negative examples as well but these people tried to become rich overnight. So it's a mix of good and bad experiences like most other things of the world.
Bitcoin is not being used actively in many countries. But here the issue lies with the legal framework of that country, not with bitcoin. It is fully capable to be used actively but due to unfavorable legislation, people are not able to!
Quote
Oh well... In terms of transparency, i can take on Bitcoin's technology.
But which one is it that raised its value so much though?
Technology or People's attention?
But which one is it that raised its value so much though?
Technology or People's attention?
It's both! The anonymity is one of the major factors behind the popularity of bitcoin today. So first came the technology which caught people's attention and then comes the popularity. This popularity is what driving bitcoin today! Makes sense?
January 22, 2020, 12:25:10 AM
Bitcoin value starts with secure technology. Attention leads to greed, and really LARGE piles of money tend to fly around every two or three years.
January 22, 2020, 12:22:02 AM
Is Bitcoin really a such innovative thing that can change people's lives significantly in the future?
I think we still live fine without having Bitcoin being actively used in our real lives.
Oh well... In terms of transparency, i can take on Bitcoin's technology.
But which one is it that raised its value so much though?
Technology or People's attention?
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