fall of bitcoin Necessary............bitcoin is a threat For the dollar - page 2.

Golftech

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Quote from: Nicol3 on September 30, 2017, 09:19:56 AM

Quote from: KalaiBTC on September 30, 2017, 07:41:55 AM

Quote from: Zacharyce on September 24, 2017, 12:07:44 AM

Quote from: BitcoinBallerina on September 23, 2017, 11:33:56 PM

The fall of the dollar is necessary since it is a terrible form of money. It can be changed, but Bitcoin cannot be. Also BTC has a scarce amount. The dollar will fall, as it continues to fail.

The dollar currency is getting more and more inflation everywhere and this really should not happen in this financial market. I think if Bitcoin can replace USD then surely this will be the historical revolution of mankind because for the first time a virtual currency can dominate all markets.

Yes you are right. Inflation is everywhere in world and dollars are often the reason behind it. This scheme of dollar will be demolished when bitcoin overrule it. But what you think if virtual currency, that is less in number in world, will replace dollars so it would be in majority, losing its charm as it have now. So dollar or bitcoins, they will have same level.

Right but I really don't think bitcoin will replace dollar, it may be of the same level but not to the extent that it will be more superior than dollar. It is difficult to take over a currency that has been here long before we were even born but I do believe bitcoin will be dominant in the future because most of our needs can just be a click away.

its a matter of pride mate dollars won't be replace by crypto currency as we knew that it was a symbol of dominance from US if dollars will be taking over of bitcoin then US will also be taking over of another country for sure they will not allow anything to over rule their supremacy, bitcoin will exist as another currency but dollar will still at the top of it.

Nicol3

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Quote from: KalaiBTC on September 30, 2017, 07:41:55 AM

Quote from: Zacharyce on September 24, 2017, 12:07:44 AM

Quote from: BitcoinBallerina on September 23, 2017, 11:33:56 PM

The fall of the dollar is necessary since it is a terrible form of money. It can be changed, but Bitcoin cannot be. Also BTC has a scarce amount. The dollar will fall, as it continues to fail.

The dollar currency is getting more and more inflation everywhere and this really should not happen in this financial market. I think if Bitcoin can replace USD then surely this will be the historical revolution of mankind because for the first time a virtual currency can dominate all markets.

Yes you are right. Inflation is everywhere in world and dollars are often the reason behind it. This scheme of dollar will be demolished when bitcoin overrule it. But what you think if virtual currency, that is less in number in world, will replace dollars so it would be in majority, losing its charm as it have now. So dollar or bitcoins, they will have same level.

Right but I really don't think bitcoin will replace dollar, it may be of the same level but not to the extent that it will be more superior than dollar. It is difficult to take over a currency that has been here long before we were even born but I do believe bitcoin will be dominant in the future because most of our needs can just be a click away.

KalaiBTC

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Quote from: Zacharyce on September 24, 2017, 12:07:44 AM

Quote from: BitcoinBallerina on September 23, 2017, 11:33:56 PM

The fall of the dollar is necessary since it is a terrible form of money. It can be changed, but Bitcoin cannot be. Also BTC has a scarce amount. The dollar will fall, as it continues to fail.

The dollar currency is getting more and more inflation everywhere and this really should not happen in this financial market. I think if Bitcoin can replace USD then surely this will be the historical revolution of mankind because for the first time a virtual currency can dominate all markets.

Yes you are right. Inflation is everywhere in world and dollars are often the reason behind it. This scheme of dollar will be demolished when bitcoin overrule it. But what you think if virtual currency, that is less in number in world, will replace dollars so it would be in majority, losing its charm as it have now. So dollar or bitcoins, they will have same level.

gabmen

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Quote from: Ctn on September 25, 2017, 04:25:25 AM

Quote from: iqlimasyadiqa on September 24, 2017, 10:22:19 AM

Until now I think bitcoin is not a rival for USD currency. bitcoin is a supporter of the world currency, for some people who may want easy and simple then bitcoin can be an option. see now that bitcoin prices are based on dollar, so do not worry because bitcoin is different from dollar. bitcoin has its own market and the dollar is just like that.

Yeah that's properly stated one. Bitcoin and dollar are mixed up always and they are compared but they are not meant to be compared because we measure the value of bitcoin in the form of dollars only. For the other world, the value is then converted to their local currency depending upon the dollar value for their currency. It is that simple. Bitcoin have never invaded the dollar in any sense and it will never do that because it stays in the blockchain forever and works through internet, there is no fear of it to real currency in any way.

We're having quite some issues now with bitcoin acceptance and legality with china so to consider it tp even be close to the dollar is folly. It's a good thing that btc's hanging strong at it's current rate.

Ctn

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Quote from: iqlimasyadiqa on September 24, 2017, 10:22:19 AM

Until now I think bitcoin is not a rival for USD currency. bitcoin is a supporter of the world currency, for some people who may want easy and simple then bitcoin can be an option. see now that bitcoin prices are based on dollar, so do not worry because bitcoin is different from dollar. bitcoin has its own market and the dollar is just like that.

Yeah that's properly stated one. Bitcoin and dollar are mixed up always and they are compared but they are not meant to be compared because we measure the value of bitcoin in the form of dollars only. For the other world, the value is then converted to their local currency depending upon the dollar value for their currency. It is that simple. Bitcoin have never invaded the dollar in any sense and it will never do that because it stays in the blockchain forever and works through internet, there is no fear of it to real currency in any way.

celested

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Quote from: 1Referee on August 17, 2017, 03:29:57 PM

People must understand that Bitcoin isn't anymore the plaything that it was years ago. Every exchange will face difficulties if they don't properly register their activities - especially when it comes to allowing people to exchange/trade crypto versus USD. If an exchange isn't willing to go through whatever is needed to be allowed to run a platform that involves USD, it will experience what BTC-E has gone through, what Bitfinex is, or will go through, Poloniex, etc. BTC-E however is reported to be involved in the MtGox theft back in the days. I don't like the government shutting exchanges down, but in case of BTC-E, if they are really one of the master mind behind the MtGox theft, may all involved entities burn in hell.

Admittedly, earning bitcoin is a bit more difficult than ever before. Selling a BTC to convert to USD is almost down to price and difficult. No matter what, the money still holds steady against electronic money. Although electronic money has a strong exposure, it can not pass the dollar.

patrik1012

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Yes, that's the reason why they try to down BTC and other cryptocurrency because for the rich they're a threat for their business. Imagine that!?

pawanjain

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Quote from: Trela on September 24, 2017, 12:03:12 PM

Quote from: nicster551 on September 23, 2017, 11:54:12 PM

Quote from: pawanjain on September 23, 2017, 10:44:00 PM

Quote from: vsrsatish on September 23, 2017, 10:08:34 PM

I don't think bitcoin is going to fall, but I agree that it is necessary for bitcoin to correct a bit, to shrug off weak hands, and start heading towards new highs. I do not think bitcoin is a threat for the dollar..

That's quite true, a correction is always needed if an asset's value increases way too much in a short span of time. The correction is done so that the assets value increases with more stability and others get a chance to buy it a market price. Bitcoin is at reasonable price now and I think many are buying it these days.
Bitcoin is never a threat to dollar, not only dollar but any currency. People who say its a threat should look at the technology it has and the way it runs.

Yes the correction in the market is always there that's why it give chance to the investors to buy at the cheapest price after the coin reached new price high but because of that correction it also lead to make a panic move in the market because of the weak hands.

Week hands? Haha, it just by you are newbie and have not much experience on this market. Even I am a trader from 2016 till today and I had saw many FUDs of the whales, but I still doubt the future of Bitcoin many times.

You say that you are a trader and have been trading since 2016 which gives you an experience of 1.5 years. You say that you have seen many FUDs by the whales from which you should know that every time a FUD takes place, it gets finished resulting Bitcoin recovering its price every time. Then why do you doubt about the future of Bitcoin ? The history of bitcoin shows us that every time bitcoin has gone down, it rose up with stronger stability which shows us how potentially good it is and how well it can do if its accepted worldwide.

Indrawan77

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I had heard this news from the economic expert and I think it is true that bitcoin can become the threat for dollar, if most of the people choosing bitcoin then transaction rate for dollar will decrease and that can caused the value to go down and bitcoin is more favorable to be used for now, so bitcoin really gives big advantage for the users and little fall will balance it all, so I dont mind with correction to make it balance

Trela

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Quote from: nicster551 on September 23, 2017, 11:54:12 PM

Quote from: pawanjain on September 23, 2017, 10:44:00 PM

Quote from: vsrsatish on September 23, 2017, 10:08:34 PM

I don't think bitcoin is going to fall, but I agree that it is necessary for bitcoin to correct a bit, to shrug off weak hands, and start heading towards new highs. I do not think bitcoin is a threat for the dollar..

That's quite true, a correction is always needed if an asset's value increases way too much in a short span of time. The correction is done so that the assets value increases with more stability and others get a chance to buy it a market price. Bitcoin is at reasonable price now and I think many are buying it these days.
Bitcoin is never a threat to dollar, not only dollar but any currency. People who say its a threat should look at the technology it has and the way it runs.

Yes the correction in the market is always there that's why it give chance to the investors to buy at the cheapest price after the coin reached new price high but because of that correction it also lead to make a panic move in the market because of the weak hands.

Week hands? Haha, it just by you are newbie and have not much experience on this market. Even I am a trader from 2016 till today and I had saw many FUDs of the whales, but I still doubt the future of Bitcoin many times.

iqlimasyadiqa

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Until now I think bitcoin is not a rival for USD currency. bitcoin is a supporter of the world currency, for some people who may want easy and simple then bitcoin can be an option. see now that bitcoin prices are based on dollar, so do not worry because bitcoin is different from dollar. bitcoin has its own market and the dollar is just like that.

kidsuzudn

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btc-e.com is back for now and Bitcoin isn't a threat for dollars. Bitcoin isn't a threat to golds too. They're not in the same, so they can't be compared like that. Bitcoin can raise the price and the ruler of this valuable is dollars.

christsstrong

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Quote from: ethereumhunter on September 24, 2017, 09:12:16 AM

Quote from: barota on August 17, 2017, 03:02:57 PM

btc e.com closed

All exchange sites started cheating

bad commentaire in poleinex ( more than 35 days no Reply from support)

New scams in lot of sitetrade and exchange exchange

In the end .......Things are not safe... all can lose all his money in scammer site trade

You must stop little not all

investing in this currency

new scams is in every where and we are need to be careful. i don't save the most bitcoin in exchange because its too risky and no one can guarantee that the site will still operate. its better that we can secure our balance in other wallet like in computer, android phone cellular or in blockchain itself because that place is the most safest that we can do.

Blockchain charges huge amounts for transfer I heard. And it is also a online wallet. Nobody seems to have a solution for this.

ethereumhunter

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Quote from: barota on August 17, 2017, 03:02:57 PM

btc e.com closed

All exchange sites started cheating

bad commentaire in poleinex ( more than 35 days no Reply from support)

New scams in lot of sitetrade and exchange exchange

In the end .......Things are not safe... all can lose all his money in scammer site trade

You must stop little not all

investing in this currency

new scams is in every where and we are need to be careful. i don't save the most bitcoin in exchange because its too risky and no one can guarantee that the site will still operate. its better that we can secure our balance in other wallet like in computer, android phone cellular or in blockchain itself because that place is the most safest that we can do.

christsstrong

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So keeping bitcoin in online wallet is risky. And the bitcoin software needs hundreds of GBs disk space. Any solution for to this threat and problem?

Yuhee

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Quote from: Hui8 on September 24, 2017, 01:59:54 AM

This far fetched thinking I guess. Though there are many scam accusation it doesn't mean we can not rely on the bitcoin at all. When there is bad thing happening then there is good thing on the other side taking the shape. There won't be scam everywhere it's just you should be taking all the efforts in finding the good trading site, good investment site and exchangers etc. If you want to be that good investor then off ciursevtime must be spent on it.

Scams will keep happening all the time, it happens in the real world too and the real business are no more reliable sometimes. Even with that reluctance bitcoin is survived for so long and we should keep faith in it.

Even if scammers are leveling up there game, as common user, we should also be smarter and more wise when encountering anything that could actually help us in our investing strategy. There always be time where we will be outsmarted but only on how much and how long. We may say we were careful but in the end we were just one of there victims. It is not new that there a lot of sites are appearing but it is also on there own discretion if they were caught in the bad act.

Hui8

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This far fetched thinking I guess. Though there are many scam accusation it doesn't mean we can not rely on the bitcoin at all. When there is bad thing happening then there is good thing on the other side taking the shape. There won't be scam everywhere it's just you should be taking all the efforts in finding the good trading site, good investment site and exchangers etc. If you want to be that good investor then off ciursevtime must be spent on it.

Scams will keep happening all the time, it happens in the real world too and the real business are no more reliable sometimes. Even with that reluctance bitcoin is survived for so long and we should keep faith in it.

Idrisu

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Actually " bitcoin is a threat for the dollar" and since is a threat it activities from mining, exchange and introduction of new projects has to be regulated in others to enable regulatory authority to stop the activities of scammers and evil people who may use the flexibility of bitcoin system to actualize they evil intentions. If nothing serious is been done we may actually witness the fall of this beautiful system.

Jating

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Quote from: pawanjain on September 23, 2017, 10:44:00 PM

Quote from: vsrsatish on September 23, 2017, 10:08:34 PM

I don't think bitcoin is going to fall, but I agree that it is necessary for bitcoin to correct a bit, to shrug off weak hands, and start heading towards new highs. I do not think bitcoin is a threat for the dollar..

That's quite true, a correction is always needed if an asset's value increases way too much in a short span of time. The correction is done so that the assets value increases with more stability and others get a chance to buy it a market price. Bitcoin is at reasonable price now and I think many are buying it these days.
Bitcoin is never a threat to dollar, not only dollar but any currency. People who say its a threat should look at the technology it has and the way it runs.

But the thing its not the people but the government who think bitcoin is a threat to them, financially and in the economics of their country. But if they would just look closer at how bitcoin works, they can find positive thing about it and it is not threatening anyone. But they think otherwise, they consider bitcoin's decentralized as one of the factors that they are afraid of. No one is in control, no regulations whatsoever. But they really deny that fact that bitcoin is taking the world by storm.

If a country chooses to ignore bitcoin, then they will be left behind. Bitcoin is not fiat's enemy, but they can work together to improved the lives of many people that depend on bitcoin.

Agamemnus

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The dollar is slowly collapsing and Bitcoin is a new and revolutionary type of currency that has superior qualities to any other form of money out there, so it'll naturally be the standard one day.

Topic: fall of bitcoin Necessary............bitcoin is a threat For the dollar - page 2. (Read 2535 times)