Topic: BTC Needs users and not hoarders - page 2. (Read 3627 times)
I would not buy anything with a big value nowadays just because the bitcoin will be priced more in the future.
We should try to increase our usage of BTC, in our daily transactions. It is the only way we can really come to trust this new technology and dump CCs.
Random idea:
On your next purchase on an e-commerce website accepting btc, buy bitcoins and use them instantly. Like a reverse bitpay.
What do you think of it as an actual business?
Random idea:
On your next purchase on an e-commerce website accepting btc, buy bitcoins and use them instantly. Like a reverse bitpay.
What do you think of it as an actual business?
Because of low inflation BTC will always attract much more hoarders then users. In few years time almost everyone will heard of Bitcoin, but believe me they wil rather use some other and just hoard BTC.
I will keep my savings in whatever form I want.
+1OP seems to forget that using Bitcoin for savings is a still using them, or does he advocate spending all one's money as fast as it's accumulated and not saving any?
My "hoarded" bitcoins are no more an investment than the little bit of fiat in my bank account, the nickels, dimes and toonies in my pocket or the credits I maintain in my utility accounts.
They're just savings that will eventually be spent.
Screw you buddy. I will keep my savings in whatever form I want. None of your votes are applicable with the chosen wording fyi.
BTC Needs users and not hoarders "investors"/traders.
ftfy
Yes, we need to "spread the word" in order to get the rate of adoption higher! For that we need more companies that accept Bitcoin and thus create possibilities for people to spend their bitcoin. Also, the mere acceptance of Bitcoin will get more people into the ecosystem!
Bitcoin price recently has tried more than three times to break out but all failed, this showing the general market think bitcoin is over-price & over-value & should go down
If we don't go up soon then some big dumps can be expected, just like the last long sideways which crashed after failed to touch $620
This time bitcoin is going to flash crash down to $1xx - $2xx, however back up again is possible in the long term (may be 2016-2017)
Why don't you go ahead and quote yourself in every current ongoing thread? It seems like a sales pitch, you're selling us something. Something smelly.
I agree with the OP, "BTC Needs users not hoarders"
My moto, "Do like I say not like I do"
My moto, "Do like I say not like I do"
Well, I agree to a certain extent, we need an increasing usage in order to attract new merchants and spread the word in general! Bitcoin needs to be used more! BUT: Many people claim that an increased spending of Bitcoin will push the price down, because most merchants are using services like BitPay that immediately convert the BTC to FIAT again...
Bitcoin price recently has tried more than three times to break out but all failed, this showing the general market think bitcoin is over-price & over-value & should go down
If we don't go up soon then some big dumps can be expected, just like the last long sideways which crashed after failed to touch $620
This time bitcoin is going to flash crash down to $1xx - $2xx, however back up again is possible in the long term (may be 2016-2017)
Winklevoss ETF will actually be shot down
GABI is already priced in
Dubai exchange won't create any thing new
Let's talk straight:
Bitcoin has tried it's best to break out but all failed, people are getting out and no one with a college degree will invest any serious sums into bitcoin after MTGOX fiasco,
The market is currently only a playground for gamblers and fanatics
Bitcoin is just like a ponzie pyramid schame today, your fund invested in bitcoin are vanishing because early adopters / merchants are selling / spending / cashing out them very hard (you saw all those " xxx accepted bitcoin" news, most bitcoins accepted are sold right away means your fund has been transferred to the merchants,Convert fiat to bitcoin -> use bitcoin to pay merchant -> merchant convert bitcoin back to fiat),
Only who bought lower than you will sell/use the coins, same as you want more people to buy the price higher than your bought price so you can grab their money and get rich just like a ponzie schame.
The question is people are getting out, no one is buying your coins, what you left at the end are worthless digital numbers
If we don't go up soon then some big dumps can be expected, just like the last long sideways which crashed after failed to touch $620
This time bitcoin is going to flash crash down to $1xx - $2xx, however back up again is possible in the long term (may be 2016-2017)
Winklevoss ETF will actually be shot down
GABI is already priced in
Dubai exchange won't create any thing new
Let's talk straight:
Bitcoin has tried it's best to break out but all failed, people are getting out and no one with a college degree will invest any serious sums into bitcoin after MTGOX fiasco,
The market is currently only a playground for gamblers and fanatics
Bitcoin is just like a ponzie pyramid schame today, your fund invested in bitcoin are vanishing because early adopters / merchants are selling / spending / cashing out them very hard (you saw all those " xxx accepted bitcoin" news, most bitcoins accepted are sold right away means your fund has been transferred to the merchants,Convert fiat to bitcoin -> use bitcoin to pay merchant -> merchant convert bitcoin back to fiat),
Only who bought lower than you will sell/use the coins, same as you want more people to buy the price higher than your bought price so you can grab their money and get rich just like a ponzie schame.
The question is people are getting out, no one is buying your coins, what you left at the end are worthless digital numbers
TROLLING 101: Lesson-1: Quoting yourself
falllling, I'm honestly interested in the following: Have you ever been pro Bitcoin? When did you learn about Bitcoin? When did your sentiment change (if it was bullish at some point) And what would need to happen for you to change your sentiment again?
Well, I agree to a certain extent, we need an increasing usage in order to attract new merchants and spread the word in general! Bitcoin needs to be used more! BUT: Many people claim that an increased spending of Bitcoin will push the price down, because most merchants are using services like BitPay that immediately convert the BTC to FIAT again...
Bitcoin price recently has tried more than three times to break out but all failed, this showing the general market think bitcoin is over-price & over-value & should go down
If we don't go up soon then some big dumps can be expected, just like the last long sideways which crashed after failed to touch $620
This time bitcoin is going to flash crash down to $1xx - $2xx, however back up again is possible in the long term (may be 2016-2017)
Winklevoss ETF will actually be shot down
GABI is already priced in
Dubai exchange won't create any thing new
Let's talk straight:
Bitcoin has tried it's best to break out but all failed, people are getting out and no one with a college degree will invest any serious sums into bitcoin after MTGOX fiasco,
The market is currently only a playground for gamblers and fanatics
Bitcoin is just like a ponzie pyramid schame today, your fund invested in bitcoin are vanishing because early adopters / merchants are selling / spending / cashing out them very hard (you saw all those " xxx accepted bitcoin" news, most bitcoins accepted are sold right away means your fund has been transferred to the merchants,Convert fiat to bitcoin -> use bitcoin to pay merchant -> merchant convert bitcoin back to fiat),
Only who bought lower than you will sell/use the coins, same as you want more people to buy the price higher than your bought price so you can grab their money and get rich just like a ponzie schame.
The question is people are getting out, no one is buying your coins, what you left at the end are worthless digital numbers
If we don't go up soon then some big dumps can be expected, just like the last long sideways which crashed after failed to touch $620
This time bitcoin is going to flash crash down to $1xx - $2xx, however back up again is possible in the long term (may be 2016-2017)
Winklevoss ETF will actually be shot down
GABI is already priced in
Dubai exchange won't create any thing new
Let's talk straight:
Bitcoin has tried it's best to break out but all failed, people are getting out and no one with a college degree will invest any serious sums into bitcoin after MTGOX fiasco,
The market is currently only a playground for gamblers and fanatics
Bitcoin is just like a ponzie pyramid schame today, your fund invested in bitcoin are vanishing because early adopters / merchants are selling / spending / cashing out them very hard (you saw all those " xxx accepted bitcoin" news, most bitcoins accepted are sold right away means your fund has been transferred to the merchants,Convert fiat to bitcoin -> use bitcoin to pay merchant -> merchant convert bitcoin back to fiat),
Only who bought lower than you will sell/use the coins, same as you want more people to buy the price higher than your bought price so you can grab their money and get rich just like a ponzie schame.
The question is people are getting out, no one is buying your coins, what you left at the end are worthless digital numbers
Well, I agree to a certain extent, we need an increasing usage in order to attract new merchants and spread the word in general! Bitcoin needs to be used more! BUT: Many people claim that an increased spending of Bitcoin will push the price down, because most merchants are using services like BitPay that immediately convert the BTC to FIAT again...
I know a guy who bought a Pizza once ... it cost him $5M 
It was 2 pizzas
To keep the value artificial high, we need hoarders.
To expand the market and increase merchant adoption, we need spender and consumer.
Increasing usage might not be good for speculator as merchant usually do not hold the coin and sell right away. Hence depressing the price.
To expand the market and increase merchant adoption, we need spender and consumer.
Increasing usage might not be good for speculator as merchant usually do not hold the coin and sell right away. Hence depressing the price.
We should try to increase our usage of BTC, in our daily transactions. It is the only way we can really come to trust this new technology and dump CCs.
Random idea:
On your next purchase on an e-commerce website accepting btc, buy bitcoins and use them instantly. Like a reverse bitpay.
What do you think of it as an actual business?
Random idea:
On your next purchase on an e-commerce website accepting btc, buy bitcoins and use them instantly. Like a reverse bitpay.
What do you think of it as an actual business?
I think it goes without saying that every bitcoin "hoarder" seeks merchants accepting bitcoin and uses bitcoin wherever possible. But artificially trying to increase volume? That will never work. Just have patience, it will all come.
As for buyback feature, check out coinbase, they offer you to refill your spent bitcoins when you've completed BTC purchase. Probably others do that as well. But I still think it is silly, because I spend bitcoin when it is expensive or stable, and buy in bulk cheaply when everybody panics for some new stupid reason. That gives me an actual and quite significant discount when buying things with bitcoin.
tl;dr Use Bitcoin for transactions/e-commerce as much as possible, but let's not demonize holders either.
That's not my message. I just would like the medium to large holders to spend regularly whatever small % and replenish.
That would easily double the volume.
You're talking about Velocity_of_money. It's a can of worms...
tl;dr Use Bitcoin for transactions/e-commerce as much as possible, but let's not demonize holders either.
That's not my message. I just would like the medium to large holders to spend regularly whatever small % and replenish.
That would easily double the volume.
Well, there's a chance that's not going to happen. If you were an early adopter, as in: you got your coins really cheap, spending a non-trivial percentage of your current USD worth held in BTC might not be easily replaceable, ergo: some/many of the long-term very bullish holders won't do it.
We should try to increase our usage of BTC, in our daily transactions. It is the only way we can really come to trust this new technology and dump CCs.
Random idea:
On your next purchase on an e-commerce website accepting btc, buy bitcoins and use them instantly. Like a reverse bitpay.
What do you think of it as an actual business?
Random idea:
On your next purchase on an e-commerce website accepting btc, buy bitcoins and use them instantly. Like a reverse bitpay.
What do you think of it as an actual business?
The process you describe:
Convert fiat to bitcoin -> use bitcoin to pay merchant -> merchant convert bitcoin back to fiat.
Wouldn't it be cheaper to use credit card and dwolla ?
I know a guy who bought a Pizza once ... it cost him $5M
I'd love to be paying for everything in BTC. That's mainly a luxury for US residents though.
In the UK there are some merchants and a few gift cards etc but nothing like coinbase so replacing the coin you spend can add a beefy premium to any transaction.
In the UK there are some merchants and a few gift cards etc but nothing like coinbase so replacing the coin you spend can add a beefy premium to any transaction.
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