Btc has no value - page 11. | Bitcointalksearch.org

Gaff

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Quote from: kidoseagle0312 on May 30, 2019, 07:42:48 AM

Quote from: ONEnergy on May 30, 2019, 01:57:56 AM

Some people saying BTC has no value as is made from nothing. Those same people using money in every day life. If we look into paper money as terms of value this piece of paper is also without value and also made from nothing.

If we think this way then we should be only exchanging goods like gold, stones, weapons, food.

BTC, Crypto is in my opinion only next step in term of money. So we will be calling BTC money soon. It will only be huge advantage for us early adopters to get some while cheap.

When btc will be replacing money in terms of salary anyone who will one 1 BTC only will benefit a lot as with price increasing people will get salary of cca. 2000 sats and 1 l of milk will cost 1 sat in the store.

You have a good point on your assessment dude regarding about what could possibly happen in the near future on Bitcoin. Though, it is one of your speculation, but it maybe happen or not. And most of the time the impossible things in the sight of many people in the entire world are always happen. and I think same goes with Bitcoin for the coming future. So I don't think Bitcoin has no value.

If that's his speculative idea we had no control over it, and I think in contradictory with what's going on with the price right now that's impossible btc will come up with no value. With the previous remarkable trend of btc for the entire month of May, the demand reached an outstanding praises. That's why we seem to experience more greener market towards the development of btc price after certain recovery period takes place as well.

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Quote from: ONEnergy on May 30, 2019, 01:57:56 AM

Some people saying BTC has no value as is made from nothing. Those same people using money in every day life. If we look into paper money as terms of value this piece of paper is also without value and also made from nothing.

If we think this way then we should be only exchanging goods like gold, stones, weapons, food.

BTC, Crypto is in my opinion only next step in term of money. So we will be calling BTC money soon. It will only be huge advantage for us early adopters to get some while cheap.

When btc will be replacing money in terms of salary anyone who will one 1 BTC only will benefit a lot as with price increasing people will get salary of cca. 2000 sats and 1 l of milk will cost 1 sat in the store.

Money is evolving. It came from barter, gold fiat and now where it is the beginning of a new mode of payment digital currency. Our society is always open ang looking for change in order to make our lives more convinient and comfortable. Now, watch those people who talks like that buying their groceries with bitcoin in the future.

kidoseagle0312

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Quote from: ONEnergy on May 30, 2019, 01:57:56 AM

Some people saying BTC has no value as is made from nothing. Those same people using money in every day life. If we look into paper money as terms of value this piece of paper is also without value and also made from nothing.

If we think this way then we should be only exchanging goods like gold, stones, weapons, food.

BTC, Crypto is in my opinion only next step in term of money. So we will be calling BTC money soon. It will only be huge advantage for us early adopters to get some while cheap.

When btc will be replacing money in terms of salary anyone who will one 1 BTC only will benefit a lot as with price increasing people will get salary of cca. 2000 sats and 1 l of milk will cost 1 sat in the store.

You have a good point on your assessment dude regarding about what could possibly happen in the near future on Bitcoin. Though, it is one of your speculation, but it maybe happen or not. And most of the time the impossible things in the sight of many people in the entire world are always happen. and I think same goes with Bitcoin for the coming future. So I don't think Bitcoin has no value.

betty11

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When you look at the cost of mining 1BTC and the cost of producing 1 USD, you will know that bitcoin has a value, you can't just wake up and mine 1 BTC in a day, but the government can print excess dollars at almost negligible cost. If BTC had no value, anyone could easily get it, but here we are struggling to get it.

CBANX Ltd.

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Really? If BTC doesn't have any value then every digital platform we are using is meaningless perhaps the life we are living in this digitized era is meaningless. For those who think so they kindly look around and then give a second thought.

Rufsilf

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Quote from: jhonjhon on May 30, 2019, 06:18:03 AM

Quote from: stadus on May 30, 2019, 04:01:32 AM

Actually it's us people who are using it are giving value on it, it's not about the physical thing or whatsoever, it's about it's usefulness.
Bitcoin is not physical but yet we give value to it, from cents now to thousands, that shows it's very valuable and it's very useful to people.
Maybe those who do not understand and does not believe in bitcoin will judge bitcoin as no value, but we who believe can debate on that and we will continue risking our money in bitcoin believing in the future, our money will increase its value.

Correct, many still don't know and understand bitcoin that is why it has no value for them but for those of us whose been using it for quite along time now and also benefited from it can testify that bitcoin is far more valuable that paper money. For me risking in bitcoin or cryptocurrency is worth it, I don't have regrets in investing, I just trust bitcoin so much that it will continue to increase its value.

This is what ignorance bring to people, they easily judge something like bitcoin without knowing what it is and what bitcoin can do. We can't really blame them, they haven't experience the good effects of bitcoin unlike us who's been using it for awhile. I also trust that bitcoin will continue to increase it's value, don't really care what others think about bitcoin but as for me so long as i'm doing good with my coins then i'm ok. Sorry if 'm being selfish but i'm just so fed up with all the non-sense that most people say about bitcoin and I tried to educate people about bitcoin but they all got something to say so can't do anything anymore, maybe they'll just realize soon the opportunity that they missed..

lupinvn

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Agree with you that most people still see Bitcoin as a "virtual currency" that resembles several units of money in games or shopping websites. Because most of them still do not understand how Bitcoin is created. They are somewhat right to say "Bitcoin is made from nothing" because they don't know how hard it was to write Bitcoin's algorithm, they don't know how much money and energy to keep Bitcoin blockchain always works. Today, the creation of a bitcoin is tougher and rarer than gold mining, which is why its value is higher. Although I know there is also a domination by the law of supply and demand of the market.
In general, instead of hating people who consider Bitcoin to be worthless, you should help them learn more about it. Who knows, they will also feel that Bitcoin will become a universal means of payment for the world in the near future.

jhonjhon

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Quote from: stadus on May 30, 2019, 04:01:32 AM

Actually it's us people who are using it are giving value on it, it's not about the physical thing or whatsoever, it's about it's usefulness.
Bitcoin is not physical but yet we give value to it, from cents now to thousands, that shows it's very valuable and it's very useful to people.
Maybe those who do not understand and does not believe in bitcoin will judge bitcoin as no value, but we who believe can debate on that and we will continue risking our money in bitcoin believing in the future, our money will increase its value.

Correct, many still don't know and understand bitcoin that is why it has no value for them but for those of us whose been using it for quite along time now and also benefited from it can testify that bitcoin is far more valuable that paper money. For me risking in bitcoin or cryptocurrency is worth it, I don't have regrets in investing, I just trust bitcoin so much that it will continue to increase its value.

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Quote from: ONEnergy on May 30, 2019, 01:57:56 AM

Some people saying BTC has no value as is made from nothing. Those same people using money in every day life. If we look into paper money as terms of value this piece of paper is also without value and also made from nothing.

If we think this way then we should be only exchanging goods like gold, stones, weapons, food.

BTC, Crypto is in my opinion only next step in term of money. So we will be calling BTC money soon. It will only be huge advantage for us early adopters to get some while cheap.

When btc will be replacing money in terms of salary anyone who will one 1 BTC only will benefit a lot as with price increasing people will get salary of cca. 2000 sats and 1 l of milk will cost 1 sat in the store.

The people who have the most grounds to say that bitcoin lacks intrinsic value are the gold bugs, because as they point out gold is tangible and scarce, and due to its unique properties is globally regarded as money. However, even they are not totally right, as all types of money have subjective value depending on the participants in a market. The idea that fiat money - which is backed only by confidence and not a commodity - has value and bitcoin does not is laughable. Bitcoin has built-in scarcity based on the law of mathematics.

Adriano2010

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Bitcoin has a value, even if most say not, bitcoin is similar like gold, but a bit different, i mean we can pay with if shops will accept bitcoin payment. And i think in future we will can pay almost all with bitcoin.

partysaurus

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Quote from: ONEnergy on May 30, 2019, 01:57:56 AM

Some people saying BTC has no value as is made from nothing. Those same people using money in every day life. If we look into paper money as terms of value this piece of paper is also without value and also made from nothing.

If we think this way then we should be only exchanging goods like gold, stones, weapons, food.

BTC, Crypto is in my opinion only next step in term of money. So we will be calling BTC money soon. It will only be huge advantage for us early adopters to get some while cheap.

When btc will be replacing money in terms of salary anyone who will one 1 BTC only will benefit a lot as with price increasing people will get salary of cca. 2000 sats and 1 l of milk will cost 1 sat in the store.

i agree alot of things in life is made out of nothing and has value

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Quote from: GreatArkansas on May 30, 2019, 05:33:23 AM

They are only saying that because they don't know what Bitcoin is how it works. It's normal to hear that kind of words nowadays, people are much more on talking than asking first.

Can you blame them? Majority of the world feels that BTC is basically a ponzi which is used to exploit people and rob their hard earned money due to the controversies surrounding BTC. Regular developments and increased adoption rates can change their way of thinking in this aspect.

Quote from: GreatArkansas on May 30, 2019, 05:33:23 AM

I really wish it will happen, but have you think about if it when will happen? Are we still here when fiat will totally vanish and Bitcoin or other cryptos will be the new money? Don't worry, we will get there.

Wrong. We will never get there. BTC was never meant to replace FIAT completely. It was developed to help provide people with an alternate payment option like Paypal etc in a digital manner. It should be treated primarily as a currency in this regard.

GreatArkansas

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Quote from: ONEnergy on May 30, 2019, 01:57:56 AM

Some people saying BTC has no value as is made from nothing.

They are only saying that because they don't know what Bitcoin is how it works. It's normal to hear that kind of words nowadays, people are much more on talking than asking first.

Quote from: ONEnergy on May 30, 2019, 01:57:56 AM

BTC, Crypto is in my opinion only next step in term of money.

I really wish it will happen, but have you think about if it when will happen? Are we still here when fiat will totally vanish and Bitcoin or other cryptos will be the new money? Don't worry, we will get there.

Ailmand

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Bitcoin is actually considered as digital money. It has value but its role is quite different from physical money. It could be a currency in the future but it doesn't mean that t will be replacing any currency. We only need adoption and acceptance to make it the most valued currency.

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Quote from: ONEnergy on May 30, 2019, 04:06:31 AM

I missed that article. Thank you. BTC will pump the value towards fiat as long fiat will exist. Once fiat will disappear there will be no more value increase but to other currencies what will become new exchange we now call forex.

You're welcome!

But longing to see fiat disappear, I think we're still far off from that scenario although we're already on the digital age and emergence of crypto's, I'm not really eyeing for that moment so fast.

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Quote from: ONEnergy on May 30, 2019, 01:57:56 AM

Some people saying BTC has no value as is made from nothing. Those same people using money in every day life. If we look into paper money as terms of value this piece of paper is also without value and also made from nothing. If we think this way then we should be only exchanging goods like gold, stones, weapons, food. BTC, Crypto is in my opinion only next step in term of money. So we will be calling BTC money soon. It will only be huge advantage for us early adopters to get some while cheap. When btc will be replacing money in terms of salary anyone who will one 1 BTC only will benefit a lot as with price increasing people will get salary of cca. 2000 sats and 1 l of milk will cost 1 sat in the store.

Fiat money used to be really valuable when they were backed by gold or silver. Traditionally, this was the popular set-up until such time when governments started to compromise the minting of coins and slowly the value backing them eroded. In the USA, money was also backed by gold until the 70s when it was disengaged from the gold standard. Replacing the gold is just the promise of the government and the faith on the economic system of the country. When the time will come when central banks of different countries stopped using the USA dollar as the reserve currency am sure that the economy of the country will tumble and dramatically fall. Because of this background, the coming of bitcoin is a very lucky coincidence as we really need a different approach towards money...this time instead of going back to the physical gold its digital version can be utilized by anybody anytime and anywhere. Of course, the road for the mainstream adoption can be a long and winding one and there will always be many challenges along the way.

Mike Mayor

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Quote from: ONEnergy on May 30, 2019, 01:57:56 AM

Some people saying BTC has no value as is made from nothing. Those same people using money in every day life. If we look into paper money as terms of value this piece of paper is also without value and also made from nothing.

If we think this way then we should be only exchanging goods like gold, stones, weapons, food.

BTC, Crypto is in my opinion only next step in term of money. So we will be calling BTC money soon. It will only be huge advantage for us early adopters to get some while cheap.

When btc will be replacing money in terms of salary anyone who will one 1 BTC only will benefit a lot as with price increasing people will get salary of cca. 2000 sats and 1 l of milk will cost 1 sat in the store.

Yes thank you exactly! I like what you have said about the wood and stone and stuff. Money is just the word we give to a commodity we choose to give value so we done have to carry all 5 cows and our wood and the house... xP It isn't very difficult to understand.

People who say bitcoin has no value probably have never had anything of value themselves.

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Quote from: ONEnergy on May 30, 2019, 01:57:56 AM

Some people saying BTC has no value as is made from nothing. Those same people using money in every day life. If we look into paper money as terms of value this piece of paper is also without value and also made from nothing.

First Bitcoin is created from a program that have encryption and can be solve by mathematical equation where lots of computers are competing. Meaning Bitcoin is not created from nothing. It is created from mathematical calcualtion and energy that is consumed by these miners. Second paper money is also not created from nothing. It is created using fibers of plants and some other materials and formed into paper money. So these two entity does not came from nothing.

What about the value? Well we all know that paper money is backed by the government institution giving its value and Bitcoin being backed by demand of speculative investors driving its value to nuts.

Quote from: ONEnergy on May 30, 2019, 01:57:56 AM

If we think this way then we should be only exchanging goods like gold, stones, weapons, food.

This is found to be annoying reason why early currency were created. Barter way of trading items had long been obsolete.

Quote from: ONEnergy on May 30, 2019, 01:57:56 AM

BTC, Crypto is in my opinion only next step in term of money. So we will be calling BTC money soon.

I believe it is already called money because it has proven that it can be used to be a store of value. Proof: there are lots of investors flocking in to get a piece of that Bitcoin because they believe that it will grow in value overtime.

Quote from: ONEnergy on May 30, 2019, 01:57:56 AM

It will only be huge advantage for us early adopters to get some while cheap.

Well, there is nothing we can do about this, it is the universal rule that whoever gets in first will get the maximum benefits once the thing become very successful.

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Quote from: ONEnergy on May 30, 2019, 01:57:56 AM

Some people saying BTC has no value as is made from nothing. Those same people using money in every day life. If we look into paper money as terms of value this piece of paper is also without value and also made from nothing.

If we think this way then we should be only exchanging goods like gold, stones, weapons, food.

BTC, Crypto is in my opinion only next step in term of money. So we will be calling BTC money soon. It will only be huge advantage for us early adopters to get some while cheap.

When btc will be replacing money in terms of salary anyone who will one 1 BTC only will benefit a lot as with price increasing people will get salary of cca. 2000 sats and 1 l of milk will cost 1 sat in the store.

Old argument, may have had merit before someone bought pizza with it 9 years ago, but I'm earning in Bitcoin (almost only in BTC), paying some people in Bitcoin, bought my last air tickets and hotels with it, and finding more and more ways to use Bitcoin directly.

Sure, I still have to exchange to fiat for many things, and I know most of the things I pay Bitcoin for actually also convert the BTC to fiat to settle in their bank accounts... but the fact is, they wouldn't be able to do any of that if no one saw value in my bitcoin.

Go to Localbitcoins or any p2p place. Hundreds, thousands of people who see its value.

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Quote from: ONEnergy on May 30, 2019, 01:57:56 AM

Some people saying BTC has no value as is made from nothing. Those same people using money in every day life. If we look into paper money as terms of value this piece of paper is also without value and also made from nothing.

If we think this way then we should be only exchanging goods like gold, stones, weapons, food.

BTC, Crypto is in my opinion only next step in term of money. So we will be calling BTC money soon. It will only be huge advantage for us early adopters to get some while cheap.

When btc will be replacing money in terms of salary anyone who will one 1 BTC only will benefit a lot as with price increasing people will get salary of cca. 2000 sats and 1 l of milk will cost 1 sat in the store.

I agree if crypto currency doesn't really have a value because it is made from nothing we should be really paying with goods because Fiat is just a paper and coins.
But I don't really think that the crypto would be the leading currency of the world and a milk would cost 1 sat in the future .

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