Is Bitcoin Over? | Bitcointalksearch.org

Triffin

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Quote from: go1lo2va3 on January 26, 2020, 07:22:34 AM

Quote from: Janation on January 26, 2020, 04:31:06 AM

Quote from: monineklutak on January 25, 2020, 06:31:26 AM

if bitcoin ends then the world will be unstable! bitcoin will replace gold, so there's no way bitcoin will end, it's still too early to ask that, believe in yourself and believe that bitcoin will be better

What is the connection of the world and Bitcoin?

I don't see any strong connection of the world to Bitcoin. It will never unstable the world since the world can still run even if Bitcoin dies. I also think it would never replace gold since Bitcoin is decentralized and so volatile. Think about it, whales controlling the Bitcoin, just imagine what they can do if currencies is backed up by Bitcoin.

World is connected to bitcoin, I mean it is $150+ billions in there and crypto market cap is bigger than a lot of countries.
I don't think btc can replace gold either. But on the other hand I do believe gold will vanish in history and bitcoin is our future currency to be backing other assets

I also have this believe in my mind that bitcoin is getting more value than gold and gold is now almost nothing in front of bitcoin. Day by day bitcoin is getting more value and its increasing in demand so I hope later or earlier it will become world's legal currency and people who'll be holding and using it will be happy for having such precious investment.

bettercrypto

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Quote from: go1lo2va3 on January 26, 2020, 07:22:34 AM

Quote from: Janation on January 26, 2020, 04:31:06 AM

Quote from: monineklutak on January 25, 2020, 06:31:26 AM

if bitcoin ends then the world will be unstable! bitcoin will replace gold, so there's no way bitcoin will end, it's still too early to ask that, believe in yourself and believe that bitcoin will be better

What is the connection of the world and Bitcoin?

I don't see any strong connection of the world to Bitcoin. It will never unstable the world since the world can still run even if Bitcoin dies. I also think it would never replace gold since Bitcoin is decentralized and so volatile. Think about it, whales controlling the Bitcoin, just imagine what they can do if currencies is backed up by Bitcoin.

World is connected to bitcoin, I mean it is $150+ billions in there and crypto market cap is bigger than a lot of countries.
I don't think btc can replace gold either. But on the other hand I do believe gold will vanish in history and bitcoin is our future currency to be backing other assets

that's right! Bitcoin is part of growing industry and mamy people admire it. We just need to be optimistic to the career of this industry because cryptocurrency needs supporters and not haters. We need to support and buy bitcoin so that it will long-last.

go1lo2va3

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Quote from: Janation on January 26, 2020, 04:31:06 AM

Quote from: monineklutak on January 25, 2020, 06:31:26 AM

if bitcoin ends then the world will be unstable! bitcoin will replace gold, so there's no way bitcoin will end, it's still too early to ask that, believe in yourself and believe that bitcoin will be better

What is the connection of the world and Bitcoin?

I don't see any strong connection of the world to Bitcoin. It will never unstable the world since the world can still run even if Bitcoin dies. I also think it would never replace gold since Bitcoin is decentralized and so volatile. Think about it, whales controlling the Bitcoin, just imagine what they can do if currencies is backed up by Bitcoin.

World is connected to bitcoin, I mean it is $150+ billions in there and crypto market cap is bigger than a lot of countries.
I don't think btc can replace gold either. But on the other hand I do believe gold will vanish in history and bitcoin is our future currency to be backing other assets

wildan88

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Quote from: Janation on January 26, 2020, 04:31:06 AM

Quote from: monineklutak on January 25, 2020, 06:31:26 AM

if bitcoin ends then the world will be unstable! bitcoin will replace gold, so there's no way bitcoin will end, it's still too early to ask that, believe in yourself and believe that bitcoin will be better

What is the connection of the world and Bitcoin?

I don't see any strong connection of the world to Bitcoin. It will never unstable the world since the world can still run even if Bitcoin dies. I also think it would never replace gold since Bitcoin is decentralized and so volatile. Think about it, whales controlling the Bitcoin, just imagine what they can do if currencies is backed up by Bitcoin.

even the average of daily trading bitcoin is still very small in the world especially compared to gold. but if bitcoin dies maybe new things will emerge, maybe it's better than bitcoin, in terms of technology actually blockchain is more needed than bitcoin, so when bitcoin dies might not have a big effect on the world. bitcoin is quite good for alternatives. like the war between Iran with us, it was reported about the assets carried out by Iran using Bitcoin.

Janation

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Quote from: monineklutak on January 25, 2020, 06:31:26 AM

if bitcoin ends then the world will be unstable! bitcoin will replace gold, so there's no way bitcoin will end, it's still too early to ask that, believe in yourself and believe that bitcoin will be better

What is the connection of the world and Bitcoin?

I don't see any strong connection of the world to Bitcoin. It will never unstable the world since the world can still run even if Bitcoin dies. I also think it would never replace gold since Bitcoin is decentralized and so volatile. Think about it, whales controlling the Bitcoin, just imagine what they can do if currencies is backed up by Bitcoin.

sulendra12

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Quote from: thottum on January 24, 2020, 06:52:42 AM

BTC will here to stay as no government can stop it.

Technically they can, in terms of usage and availability of Bitcoin. Look at China as they totally banned Bitcoin and other cryptocurrencies.

Quote from: thottum on January 24, 2020, 06:52:42 AM

Let us assume the price never moves from here and just think what happens after two BTC halving say 4 or 5 years from now definitely it will push the price because of the less supply.

It's not an impact of halving if you look at 4 or 5 years later LOL. Look at halving on 2016, the price wasn't even moving at all after halving. Be real dude.

Polar91

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Quote from: BuNga_cute on January 25, 2020, 07:01:06 PM

In my opinion bitcoin is not over yet, and will last a long time. Remembering the demand for bitcoin is increasing every year. Although the
value of bitcoin has not yet been developed, because bitcoin has not functioned too effectively as a payment. But bitcoin can make someone's
life changes for the better, even some countries are proven to experience changes for the better financially. Because there is the role of bitcoin.
Indeed, bitcoin cannot help a person or a country directly, but if it can earn money from bitcoin then a person or country can change for the better.

Bitcoin is a system mainly created to be a currency, but it doesn't have any intrinsic value, and it has a difficulty in terms of transaction rate and speed, but I could say, even if we encounter these difficulty, we are seeing bitcoin as gold, meaning to say that it might serve as a store of value and an investment at the same time. That is why altcoins was created, to supply the world with the lack of bitcoins. Thus, allowing us to interchangeably use bitcoin and altcoins at the same time.

BuNga_cute

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In my opinion bitcoin is not over yet, and will last a long time. Remembering the demand for bitcoin is increasing every year. Although the
value of bitcoin has not yet been developed, because bitcoin has not functioned too effectively as a payment. But bitcoin can make someone's
life changes for the better, even some countries are proven to experience changes for the better financially. Because there is the role of bitcoin.
Indeed, bitcoin cannot help a person or a country directly, but if it can earn money from bitcoin then a person or country can change for the better.

hahay

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Quote from: outatime1 on January 25, 2020, 02:43:45 PM

Bitcoin is just starting to come out of a bear market. It has spent the last 2 years recovering from a crash so it takes time. It's just at the beginning of some big moves and should get to new all time highs within this year.

But now the price is falling again and the market is turning red again, will this be the bear market again? Indeed, it takes time for recovery and to reach the next ATH, but if the market continues to get a big correction, then I think we still have to wait longer and are not sure whether they will survive in this situation.

outatime1

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Bitcoin is just starting to come out of a bear market. It has spent the last 2 years recovering from a crash so it takes time. It's just at the beginning of some big moves and should get to new all time highs within this year.

angelvic73

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Quote from: Lambolife on January 02, 2019, 12:25:27 PM

To kickstart crypto 2019 I decided to make a Bitcoin mini documentary: https://youtu.be/WgxD5DmS6z8

Things I talked about:

1. Bitcoin's intrinsic value
2. How it could help underdeveloped countries
3. How it could help developed countries
4. Censorship

Now I wanna ask your opinions on my main point which is:

"Bitcoin's intrinsic value is the amalgamation of the platform, its users, and its development."

Now I know some other more famous crypto influencers have mentioned things like decentralization, cost of production, etc., but I think those things are a means to an end and not the endgoal themselves. Like decentralization is for the purpose of censorship resistance and fraud prevention.

So you I wanna know your opinions guys. Agree or disagree doesn't matter as long as you explain your point. https://youtu.be/WgxD5DmS6z8

This is a very useful film. Thanks. I think that bitcoin is a very modern and convenient currency, especially for underdeveloped countries. The only problem is the introduction of bitcoin to the masses, because many people are still afraid to get involved with it.

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Quote from: Faxmate on January 25, 2020, 11:45:25 AM

Bitcoin replace so many other investments not only gold because I never saw any attractive offer for investing my money since I saw bitcoin in market so according to me its not possible to over for bitcoin. In market yet only one investment has good name that's only bitcoin then talking about its replacements or getting over is like a joke for sure.

why joke? Bitcoin is one of the best investment instruments besides gold for the past 10 years, I'm sure in 10-50 years bitcoin will be better, so it's not wrong for you to invest in bitcoin

Faxmate

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Quote from: monineklutak on January 25, 2020, 06:31:26 AM

if bitcoin ends then the world will be unstable! bitcoin will replace gold, so there's no way bitcoin will end, it's still too early to ask that, believe in yourself and believe that bitcoin will be better

Bitcoin replace so many other investments not only gold because I never saw any attractive offer for investing my money since I saw bitcoin in market so according to me its not possible to over for bitcoin. In market yet only one investment has good name that's only bitcoin then talking about its replacements or getting over is like a joke for sure.

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Quote from: KrisAlex18 on January 24, 2020, 02:48:17 AM

Quote from: HabBear on January 02, 2019, 05:08:26 PM

Quote from: Lambolife on January 02, 2019, 12:25:27 PM

Now I wanna ask your opinions on my main point which is:

"Bitcoin's intrinsic value is the amalgamation of the platform, its users, and its development."

By definition for an investment this has to be an incorrect definition. Intrinsic value of an investment is the net present value of the future cash flow, value, or utility that the "investment", Bitcoin in this case, provides.

And in this case for Bitcoin it's really the future value and future utility. Bitcoin was created to be a currency but the market is actually using Bitcoin as a store of value. There hasn't been an a significant increase in use as a currency.

If you want to compare Bitcoin to Gold, gold only has intrinsic value because we humans believe it is valuable.

If you want to compare Bitcoin to fiat currency, fiat currency only has intrinsic value because our governments say it does.

Maybe the intrinsic value of Bitcoin is inversely correlated to the confidence people have in their government. If there is distrust in government the intrinsic value of Bitcoing goes up because it allows us to store wealth in a unit of measure that is not owned by the trustless government.

Quote from: bitmover on January 02, 2019, 01:29:24 PM

Quote from: Lambolife on January 02, 2019, 12:25:27 PM

"Bitcoin's intrinsic value is the amalgamation of the platform, its users, and its development."

~~I don't agree.~~

There are many other attempts to create a cryptocurrency before, but all of them failed. Do you know why? Because they were centralized. Bitcoin was the first truly decentralized.

Actually, you do agree. You agree that the intrinsic value of Bitcoin comes from its "platform" because you state that Bitcoin is successful because it is decentralized.

Bitcoin is the future of our country and many people. This is the new generation on how people earn some money with the use of some cryptocurrencies.With the help of developing technology, we create something that night help our financial problems. If this is over, many people get lost there investment and we don't want that to happen because it might affect our economy.

People enjoy earning by staying home and using technology. This is what bitcoin is doing, it is serving both purposes. Many people left their jobs because they were and they are making good money with trading and by holding of bitcoin. I am of view that bitcoin is highly appreciated by new generation because all is done through internet and computer. Bitcoin will stay in the world forever.

julius caesar

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Actually I do not agree to your statement. We all know that being decentralized is very important on the side of cryptocurrency because it will make its price fluctuate any time depends on the consumers supply and demand. If there is someone who controls it, it will bypass the main purpose or cryptocurrency which is to have volatile value and let the supply and demand of the people decides what is the value of it.

monineklutak

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if bitcoin ends then the world will be unstable! bitcoin will replace gold, so there's no way bitcoin will end, it's still too early to ask that, believe in yourself and believe that bitcoin will be better

thottum

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BTC will here to stay as no government can stop it. Their adoption may be slowed down but it will not go in the opposite way from where it is now IMO. Let us assume the price never moves from here and just think what happens after two BTC halving say 4 or 5 years from now definitely it will push the price because of the less supply.

chip1994

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I disagree. My opinion is quite close to reality now. This is actually a game of manipulating the price of those who have a lot of money, now no one is investing for technology anymore. because no matter how good the technology is, it doesn't apply to our lives much. I find that there are many great wallet apps and they can be used for payment, but who download the app and use it only for payment? People use it to hold coins. So people only care about the price of bitcoin and that's why this game never ends even though bitcoin is getting slower.

KrisAlex18

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Quote from: HabBear on January 02, 2019, 05:08:26 PM

Quote from: Lambolife on January 02, 2019, 12:25:27 PM

Now I wanna ask your opinions on my main point which is:

"Bitcoin's intrinsic value is the amalgamation of the platform, its users, and its development."

By definition for an investment this has to be an incorrect definition. Intrinsic value of an investment is the net present value of the future cash flow, value, or utility that the "investment", Bitcoin in this case, provides.

And in this case for Bitcoin it's really the future value and future utility. Bitcoin was created to be a currency but the market is actually using Bitcoin as a store of value. There hasn't been an a significant increase in use as a currency.

If you want to compare Bitcoin to Gold, gold only has intrinsic value because we humans believe it is valuable.

If you want to compare Bitcoin to fiat currency, fiat currency only has intrinsic value because our governments say it does.

Maybe the intrinsic value of Bitcoin is inversely correlated to the confidence people have in their government. If there is distrust in government the intrinsic value of Bitcoing goes up because it allows us to store wealth in a unit of measure that is not owned by the trustless government.

Quote from: bitmover on January 02, 2019, 01:29:24 PM

Quote from: Lambolife on January 02, 2019, 12:25:27 PM

"Bitcoin's intrinsic value is the amalgamation of the platform, its users, and its development."

~~I don't agree.~~

There are many other attempts to create a cryptocurrency before, but all of them failed. Do you know why? Because they were centralized. Bitcoin was the first truly decentralized.

Actually, you do agree. You agree that the intrinsic value of Bitcoin comes from its "platform" because you state that Bitcoin is successful because it is decentralized.

Bitcoin is the future of our country and many people. This is the new generation on how people earn some money with the use of some cryptocurrencies.With the help of developing technology, we create something that night help our financial problems. If this is over, many people get lost there investment and we don't want that to happen because it might affect our economy.

elisabetheva

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Quote from: Aikidoka on January 23, 2020, 02:05:00 PM

Bitcoin will be not over yet! It's still a new cryptocurrencies even though it has passed already 10 years since the creation of it. I believe that this technology of cryptocurrencies will stay a long time in the future and it will rise a lot in the whole world, one day all people around the world will use this cryptocurrency instead of using fiat, that's really my prediction of what will happen in the future.

I totally agree with what you say that crypto technology will last a long time and it is not impossible that it will expand throughout the world where developing technology will inform. indeed it takes an internet network that reaches all if crypto wants to be better known. but it might take a while to reach the destination. as well as bitcoin which can replace fiat as a means of payment. but bitcoin will still exist because in unison with technology that continues to advance.

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