Topic: Don't buy bitcoin because it won't be fine - page 17. (Read 4749 times)

U really need an orientation to change your thinking because in yr outline of what money is and how it can be used with Bitcoin use I see no difference in the of value for both , money comes in form of physical then because their was no internet and also note that money also came later when there was development , they use goods for goods in exchange for each other before they graduate to money level as the world get civilized, so we are in era of digital now which Bitcoin is taking the place so if you don't believe in it, then you have something to be worried about in near future .
If you look from letter post then to email sending cause of internet then you should think of fiat to digital , except if you want the world to be stagnant which I not possible we need new development and that is why we call it development and civilized world.

bitcoin has a very good development and continues to provide good points for its holders, and I think that it gets maximum results and can be used correctly if bitcoin is very helpful

Maybe that person really doesn't know about the deep catch of bitcoin. In fact, there are still other merchants were bitcoin was also accepted as payment in the other country. Like here in my country there is a restaurant who is bitcoin accepted aside from cash, and credit card. Which means these merchants knows that bitcoin has a better future because of its potentiality.

Well that’s not entirely true. Though the Bitcoin cannot directly be used, utility and security tokens are there for that exact purpose. For instance, the AutoCoin, which is a security token dedicated for the automotive industry helps you in buying and selling cars. All you’ll need is this AutoCoin and you’ll be able to buy a commercial or luxury car using this token. So, while there are many coins that are just there for transferring, others can be used too.

What other value does a Dollar bill have other than burning it when you need a fire or using it to sniff cocaine? The Bitcoin token is not a physical thing, so people obviously think it has no tangible value, but they are wrong. The token is only a representation of the value that it holds.

The token is also the same as the digital version of Fiat currencies. The big difference is that the Bitcoin token is not controlled by a government. 

I also think that buying Bitcoin is already too late and there is a high probability that you will get involved with nothing if you invest your funds in it

I see nothing similar between bitcoin and ponzi scheme. You can just as well say that the dotcom was exactly the same as the Ponzi scheme, but what did we get in the end?

All those epithets you used for bitcoin cannot change the fact that in the bitcoin circulation chain nobody is able utilize bitcoin for satisfying their needs, like in the case of dollars, goods, services and similar utilizable resources..., which is why such resources can be obtained from new investors only. And this is the definition of a ponzi or pyramid scheme. Hence, you are using semantics to escape this fact.

 
   I believe that bitcoin has a capacity to surpass allthroughout the circumstances around in the world of crypto. It will recover immensely by the good and positive motivations with the accurate vision of people. And maybe it take a long period of time, so buy while its on deep.

Blablabla. So how about fiat money? You can touch it but can you utilize it? You cannot eat it nor use it as an ingredient into something. Ah! So it can buy things that are of used. Same with bitcoin then? 

Is it fine to buy bitcoin is amateur question and we can say that bitcoin is the first free currency for the world where the intermediary were not involved when it was using for the online payment and banks were surprised that the huge online payments are done through bitcoin even a jet could purchased in the past so  from this we can say that bitcoin buying is not a problem but it is the real money which will be use for many purpose in the coming years.

Bitcoin will be fine I guess, it will recover again next year and much bigger and better. Like in 2016, bitcoin's price is very low and when 2017 comes, it rises so fast that many people became wealthy. So don't ever lose hope now.

Not uses of cryptocurrency but transfers of cryptocurrency. Transfers from one address to another. Nearly everything that is in existence has the capacity to be transferred from one address to another, either electronically or manually. However, that does not mean that everything has the capacitly to be used, consumed or practically utilized for satisfying human needs. And it is the capacitly to satisfy human needs why things are produced and why they came to the market in the first place. For e.g. there are lots of people who have needs to consume goods or services they don't own. But how can they get them? Well, by borrowing them, with the implied or expressed intention of returning the same or an equivalent good or service in the future. And here is where the bank kicks in with its product - dollar. Dollar is produced to satisfy needs of these people. This product is composed of two crucial parts: contract and collateral. These two components guarantee that those who traded produced dollars to people for their goods and services, return goods and services back to people, which happens every time their contract obligates them to make loan payments. Hence, dollar is a product like food or clothing, with the capacity to be used, consumed or practically utilized by its end users (borrowers). Bitcoin on the other hand has no such capacity, which is why it can only be passed from address-to-address, from hand-to-hand, from member-to-member. And this is exactly how classical fraudulent schemes operate.

You wrote a rather long text I didn't even read it completely. I saw a call not to buy bitcoin at the end. You can do this if you don't want to but why do you encourage others to do this? Your arguments are inconclusive. If you don't consider bitcoin is a currency, well, let it be a commodity. And you can exchange this product for anything. Then exchange again and so endlessly. Similarly, we can exchange gold, silver. Perhaps you are so negative because you are disappointed in the price of bitcoin. But I can calm you down, he will restore and it will happen pretty soon.

Bitcoin has been with us for ten good years and it has been fulfilling exactly the reasons it was created. Anyone can have a contrary view and back it up with points but one has to stand firm for what he believes in. As for me, I know that bitcoin will always be fine.

Madoff investors also saw no problemma.

You may have been mistaken, or have seen a good source of good or fake. I think it is now time to buy the best bitcoin, for the end of this year will have the price increase or not or can also sell when the price high.

I think bitcoin is currently good for buying because prices are cheap and in my opinion this situation is an opportunity to buy.

A payment is the transfer of an item from one party to another, and not the usage of an item. Everything that exists on Earth can be transfered from one party to another, but that doesn't render it usable. So, the fact that you regularly buy goods and pay Bitcoiners with bitcoin has nothing to do with usability of bitcoin. Usability is the capacity of an item to satisfy human needs.