Don't fell for FUD. Stand your ground bitcoiners! - page 5.

deisik

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Quote from: 1Referee on February 11, 2019, 07:32:00 AM

Quote from: deisik on February 11, 2019, 05:12:37 AM

If anything, you should take the market cap and relate it to trading volume. So if you actually go and do that, you may start questioning if Litecoin is "not used as much as you think" and whether these uses are in fact negligible

Trading volumes are pure speculation. It's not indicative of actual use.

If you want to see the bigger picture, which does include speculation, but for sure also plenty of ecommerce and other sorts of value transfers, then you have to focus on the on-chain volume.

https://bitinfocharts.com/bitcoin/ $5.4 billion on-chain 24H activity.
https://bitinfocharts.com/litecoin/ $335 million on-chain 24H activity

Pure speculation is one of such uses

I agree that it may not be indicative of real-life use (as in e-commerce or whatever), though personally, I see it as a good hint at such use. And your links in fact confirm exactly that. Bitcoin is over 80 times more expensive than Litecoin at the moment, while its on-chain volume in dollars is only 16 times that of Litecoin's. Take that for what it's worth, but it tells us that Litecoin has more real use than Bitcoin, i.e. 1 litecoin has more real value than 1 bitcoin (well, we should also take into account the supply of coins but you get the point). Otherwise, on-chain volume is not indicative of real use either

bitbunnny

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Quote from: Nnedaddy1 on February 11, 2019, 06:00:18 AM

My dad used to be an investment guide/consultant ...was discussing with him the other day and he told me something that has remained a shock to me till now.
He told me that Cryptocurrency investment is the better of the other investments.
Although people choose to be ignorant of this , saying it's risky and so many other reasons why it's not a feasible investment plan.
He went on to say that even big companies, individuals are investing heavily in Cryptocurrency.
He said something of bitcoin being the future of payment and so many other things.

So when I see people saying that bitcoin is scam ,I laugh at their ignorance.

And why are you surprised? Bitcoin is long enough on the scene to prove that is not the scam but there will be always people who will spread FUD and only negative stuff about Bitcoin and cryptocurrencies in general. Still I don't think that FUD has so big influence as before, maybe only on new users and those without enough experiences. It's in human nature to be afraid and reluctant when new and different things are involved and Bitcoin is not an exception. I think you should stick to your dad opinion.

1Referee

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Quote from: deisik on February 11, 2019, 05:12:37 AM

If anything, you should take the market cap and relate it to trading volume. So if you actually go and do that, you may start questioning if Litecoin is "not used as much as you think" and whether these uses are in fact negligible

Trading volumes are pure speculation. It's not indicative of actual use.

If you want to see the bigger picture, which does include speculation, but for sure also plenty of ecommerce and other sorts of value transfers, then you have to focus on the on-chain volume.

https://bitinfocharts.com/bitcoin/ $5.4 billion on-chain 24H activity.
https://bitinfocharts.com/litecoin/ $335 million on-chain 24H activity.

Trading volume to market cap ratios aren't much of a good measuring stick, see this;

https://bitinfocharts.com/ethereum/ $211 million on-chain 24H activity.

Nnedaddy1

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My dad used to be an investment guide/consultant ...was discussing with him the other day and he told me something that has remained a shock to me till now.
He told me that Cryptocurrency investment is the better of the other investments.
Although people choose to be ignorant of this , saying it's risky and so many other reasons why it's not a feasible investment plan.
He went on to say that even big companies, individuals are investing heavily in Cryptocurrency.
He said something of bitcoin being the future of payment and so many other things.

So when I see people saying that bitcoin is scam ,I laugh at their ignorance.

deisik

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Quote from: pooya87 on February 10, 2019, 11:16:23 PM

Quote from: deisik on February 10, 2019, 02:01:00 PM

Quote from: Ucy on February 10, 2019, 01:30:56 PM

Bitcoin could have a stable alternative as sidechain for payments of goods and services while the main Bitcoin can used as Store of Value and also for payments of goods and services.

We already have that "sidechain". It is called Litecoin, get used to it

that is not a "sidechain", it is an alternative chain which is stand alone and has nothing to do with bitcoin

You may have to learn what double quotes are used for

Regarding Litecoin not used as much as Bitcoin, that in fact remains to be seen. I bet you are looking at Litecoin's market cap and thinking that it is far behind Bitcoin's. But that's a wrong approach for pretty obvious reasons. If anything, you should take the market cap and relate it to trading volume. So if you actually go and do that, you may start questioning if Litecoin is "not used as much as you think" and whether these uses are in fact negligible

EdenHazard

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Quote from: mOgliE on January 14, 2019, 09:41:37 AM

-BTC has a real life purpose. Using WU to transfer money is hundreds of time more expensive than using BTC. BTC isn't made for daily purchases but it can handle large amount transfer like nothing else!

I had several time to used WU for transfer of money in different countries, and it feels very annoying.

I need three day to went to WU office for take my money and need some paper which has already been a requirement, I know a requirements that must be respected.

However, when I used bitcoin (because I have recommended to my friends to use bitcoin) just need 5 minutes to take my money.

This is one things that I use to believe for have investment in bitcoin, no matter other people talk about negatively about bitcoin and no matter how much other people said bitcoin dead, it doesn't bother me at all.

pooya87

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Quote from: deisik on February 10, 2019, 02:01:00 PM

Quote from: Ucy on February 10, 2019, 01:30:56 PM

Bitcoin could have a stable alternative as sidechain for payments of goods and services while the main Bitcoin can used as Store of Value and also for payments of goods and services.

We already have that "sidechain". It is called Litecoin, get used to it

that is not a "sidechain", it is an alternative chain which is stand alone and has nothing to do with bitcoin. a "sidechain" is another blockchain that is somehow linked to bitcoin's blockchain. the only link between bitcoin and litecoin is when they copy code from bitcoin.
not to mention that it is not used as much as you think. it has some use cases but they are negligible.

Lpim01

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Quote from: DevilSlayer on February 10, 2019, 07:13:42 PM

Quote from: JohnBitCo on February 10, 2019, 04:43:07 AM

Quote from: lornadane on February 09, 2019, 04:01:50 PM

I start using bitcointalk's ignore button to avoid Fudders. I think fudders never will change. Every time when bitcoin price starts to go down they start spreading negativity! Bitcoin dead, crypto dead and words like these they always use. Though the bear market helped to remove those fudders! And I stopped talking with fudders already.

Exactly when there is bitcoin price dump, I see a lot of articles here and in other bitcoin forums / Blog that bitcoin will end soon and it is something which is only for short term and lot of such stuff. I think its time that we do not believe on such news/views and stay focused on our believe that nothing can bring down the Bitcoin and it is the real future of money.
If we understand this properly, then no fud can affect us and we may never sell in panic because of these false news.

People are panicking when they read articles in the internet about the end of the bitcoin and that's why they are making wrong decisions. We should not fell in FUD for us to not experience losses. If we have a lot of information, we can avoid fud and fake news all over the internet.

FUDs and other fake news will infecting new minds and that is usually happen to newly adopters. We can't actually escaped from that and its up to us to decide what could be the best to our future. Failures are coming from wrong decision and that's because we are affected to much by our surroundings. Maybe this is the right time to make it right and face the challenge.

DevilSlayer

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Quote from: JohnBitCo on February 10, 2019, 04:43:07 AM

Quote from: lornadane on February 09, 2019, 04:01:50 PM

I start using bitcointalk's ignore button to avoid Fudders. I think fudders never will change. Every time when bitcoin price starts to go down they start spreading negativity! Bitcoin dead, crypto dead and words like these they always use. Though the bear market helped to remove those fudders! And I stopped talking with fudders already.

Exactly when there is bitcoin price dump, I see a lot of articles here and in other bitcoin forums / Blog that bitcoin will end soon and it is something which is only for short term and lot of such stuff. I think its time that we do not believe on such news/views and stay focused on our believe that nothing can bring down the Bitcoin and it is the real future of money.
If we understand this properly, then no fud can affect us and we may never sell in panic because of these false news.

People are panicking when they read articles in the internet about the end of the bitcoin and that's why they are making wrong decisions. We should not fell in FUD for us to not experience losses. If we have a lot of information, we can avoid fud and fake news all over the internet.

Distinctin

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Quote from: Pasaway2701 on February 10, 2019, 05:16:55 PM

Quote from: shamc on January 14, 2019, 11:39:22 AM

Anyone waiting will be disappointed for not buying while it is below 4000 dollars. Price movements are very fast and it can go either way now but smart money will invest before a pump, it can happen any time from now

I agree. If they continue to doubt bitcoin, they are losing the opportunity to have it in lower price. FUD is just created to scare those who gonna scare but those who believe in the potential of the coin stay stronger and wait patiently. I am making sure that I have to invest in every down it has though with little amount. Bitcoin gonna rise up again and gain for it in time.

We can stop those people who are easily affected with the FUD's, losing their opportunity in crypto is just their biggest regrets in life. We can't condemn their doings but to let them play their life away from here. We might think also that, this is not the right place for them. And for us who are still in crypto space, better to extend our patient cause that's the only way to make it right and helping the market not to worsen.

xWolfx

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Quote from: bitcampaign on February 10, 2019, 08:43:42 AM

We also don't forget that when Halving 2016 then the price started to increase and I felt that in that year the price really rose dramatically until 2017, so I will wait for 2020 later, I always listen to what my financial advisor says

It's obvious that the halvings are a key part of the future possible stabilization on Bitcoin's price. As long as it keeps being mined at such a high rate of course it will be unstable.

It's the same economical law that applies to fiat currency bills. The more they print, they more inflation and if not carefully planned possible destabilization of the economy. Look at Venezuela.

Pasaway2701

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Quote from: shamc on January 14, 2019, 11:39:22 AM

Anyone waiting will be disappointed for not buying while it is below 4000 dollars. Price movements are very fast and it can go either way now but smart money will invest before a pump, it can happen any time from now

I agree. If they continue to doubt bitcoin, they are losing the opportunity to have it in lower price. FUD is just created to scare those who gonna scare but those who believe in the potential of the coin stay stronger and wait patiently. I am making sure that I have to invest in every down it has though with little amount. Bitcoin gonna rise up again and gain for it in time.

deisik

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Quote from: pixie85 on February 10, 2019, 02:37:51 PM

Scarcity is not the only factor that gives value to metals. Cobalt is very scarce and widely used. It's estimated that there's not enough of it to satisfy the industry and it has almost no value if put against gold

Scarcity and utility are two ultimate factors that determine the value (price) of anything

If you think that cobalt is more scarce than gold while its utility is greater than that of gold, then its price should necessarily be higher than the price of gold. If it is not, then you may be overestimating the utility of this metal (as scarcity can be easily quantified and compared). Most certainly you underestimate the utility of gold as a precious metal, i.e. its role and use in jewelry (and maybe as a store of value as well). Cobalt, as far as I know, is not a precious metal (even if it is a rare metal)

pixie85

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Scarcity is not the only factor that gives value to metals. Cobalt is very scarce and widely used. It's estimated that there's not enough of it to satisfy the industry and it has almost no value if put against gold.

I don't care about Bitcoin FUD. There are many smart people who see the value in it and when I listen to the haters I don't see anything worth repeating in their rambling.
Bitcoin is working as a store of value for me and it's doing even more: gaining value. I wasn't expecting that when I bought my coins.

deisik

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Quote from: Ucy on February 10, 2019, 01:30:56 PM

Quote from: 1Referee on February 09, 2019, 03:52:15 PM

Bitcoin's use will play an important role, and the simple fact that it's digital Gold is another benefit. Gold's industrial use is negligible. If it was valued based on that, it would lose over 90% of its value in an instant. The rest of Gold's demand is entirely speculative. Bitcoin is better in almost every aspect. No reason to think that there won't be any demand at a later point.

With Lightning there is an actual currency aspect people can utilize on a daily basis. If that picks up, there is basically nothing stopping it from growing for decades.

Exactly. Copper and iron have more utilities than Gold yet gold has higher price and is more valuable

It is more valuable because it is scarce

I mean it is more scarce (or scarcer if you please) than iron or copper, and its scarcity obviously overrides the wider utilities of the latter two metals. If gold was easily available, it would be cheap as dirt. Ironically, before 1886 when an industrial-scale process of aluminum electrolysis was developed, it was a precious metal (more expensive than silver). So if someone develops a similar technology to obtain gold from seawater (where simply insane amounts of gold are dissolved), gold may become cheaper than copper

Quote from: Ucy on February 10, 2019, 01:30:56 PM

Bitcoin could have a stable alternative as sidechain for payments of goods and services while the main Bitcoin can used as Store of Value and also for payments of goods and services.

We already have that "sidechain". It is called Litecoin, get used to it

Ucy

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Quote from: 1Referee on February 09, 2019, 03:52:15 PM

Bitcoin's use will play an important role, and the simple fact that it's digital Gold is another benefit. Gold's industrial use is negligible. If it was valued based on that, it would lose over 90% of its value in an instant. The rest of Gold's demand is entirely speculative. Bitcoin is better in almost every aspect. No reason to think that there won't be any demand at a later point.

With Lightning there is an actual currency aspect people can utilize on a daily basis. If that picks up, there is basically nothing stopping it from growing for decades.

Exactly. Copper and iron have more utilities than Gold yet gold has higher price and is more valuable.

Bitcoin could have a stable alternative as sidechain for payments of goods and services while the main Bitcoin can used as Store of Value and also for payments of goods and services.

boltz

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Whenever I hear FUD or someone talking trash about cryptos I look the other way and if they are my friends I don't even have to talk with them anymore as I don't like skeptical and envious people as they are always negative at your persona. Also you should never ever give investments advices to your friends.

bitcampaign

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Quote from: mOgliE on January 14, 2019, 09:41:37 AM

-Next halving is in less than two years: https://www.bitcoinblockhalf.com/
If you don't know what halving is, just remember that halving means less BTC mined means price increase.

We also don't forget that when Halving 2016 then the price started to increase and I felt that in that year the price really rose dramatically until 2017, so I will wait for 2020 later, I always listen to what my financial advisor says

Johnzky

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If he is sick of all us cryptonians then whats the reason he was still staying in this community?So the answer is clear just to bring FUD and Misinformation right?Or maybe the other way around that this man is a crypto loser?Lets not just demerit him instead put on our ignore list.

For OP please continue bringing this kind of topic.bitcoiners need more of this than reading TA and speculative threads,lets make more realistic post

lienfaye

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When I was new in crypto world I thought those users spreading FUD are right since they are experienced one who know more compared to me who is just starting. I tend to panic everytime I see posts saying things like that.

But now I used to it and realized that you should have your own way of thinking and understanding in cryptocurrencies, have your own research. In that way only you can dictate yourself on whats the right decision to do with your holdings.

Topic: Don't fell for FUD. Stand your ground bitcoiners! - page 5. (Read 1511 times)