Is Bitcoin still a people's currency? - page 6.

davis196

hero member

Activity: 3234

Merit: 941

Quote from: Jet Cash on December 27, 2019, 08:52:01 AM

I've been discussing Bitcoin in a couple of forums, and I'm shocked by the vitriol and anti-Bitcoin passion that I'm finding. It seems that the mass media FUD has turned away the very people who could benefit most from Bitcoin. In contrast, Bitcoin is becoming stronger every day, and is moving towards becoming a store of wealth, and it seems to be moving into the ambit of the rich and the knowledgeable. I'm giving up on Bitcoin evangelism, and concentrating on fattening my wallet.

I thought that Bitcoin might become one of the currencies used by people when the fiat systems collapse, but I think this will only be a minor use. I believe that fiat cash will be used for a while, and silver coins could become a longer term solution. Of course it all depends on the cryptos that are introduced by the various governments, and whether there will be any trust in them.

Since 2017,bitcoin is an asset for the rich crypto elite.It used to be the people's currency 5-6 years ago,but not anymore.

DreamStage

sr. member

Activity: 625

Merit: 258

Bitcoin can continue for sure growing, but who decides the fate of it's real world currency state it's us the community and governments acceptance.

For now i can say that yes bitcoin is one of my currencies.
No matter where i go i can use it as long there is a network for me to transaction it.

Now talking about government and each countries economy growth, that might influence the decision between using bitcoin as people's currency or not.
Some countries might also make their own as China is doing or even trying to become one potential bigger country than others thus making the coin more valuable there than other places.

Who knows what the future holds.

Edraket31

hero member

Activity: 1190

Merit: 511

Quote from: Eternad on December 28, 2019, 12:06:10 AM

Quote from: Janation on December 27, 2019, 11:56:40 PM

It is true, there are a lot of hate about Bitcoin especially on the internet.

I did post a statement on Facebook one time and the hate about Bitcoin is oozing saying things like it is a scam, snap out of it and other negative responses. It is the future of currency and trnasactions, I also think that Blockchain would be used widely and currencies will be based on Bitcoin while fiats taking the sideline slowly as time passes by.

Blockchain have more chance that will be more popular and adopted than in bitcoin, but those who are willing to risks and already see the potential and what bitcoin can be as an investment in the long run can try it especially if their aware of the risk and potential gains. Bitcoin is not to weak investors as they can easily be pursued and believe in FUD they can hear or read, those who also know how to trade can take advantage of it as an investment. It just depend on how risky we are in investing as many are already close minded in this idea.

Yes and for sure that if you will vote here, still majority of the crypto users here will or all over the world is Bitcoin and there is really no doubt that Bitcoin will remain and will always be the number of all time and no one has seen yet that has potential to replace its place as the King or father of all cryptocurrencies.

riom

newbie

Activity: 13

Merit: 2

It depend on us, BTC community to simply continue the work wich has already being done until here.
Knowledge is true wealth. Number of scam, alt(shit)coins are created by unknown's or celebrity's and even if we all know what is behind, big public is going to get involved into crypto's in a way or an other.

That's were we need to give guidance. I've been myself scammed and lose so much time into studying crypto in the wrong way.
I've met some people from this forum then i've started to really learn about all the ecosystem and dynamics involved.

People are going threw altcoin in a path of knowledge wich has BTC at the end of the road.

Welcome to newcomers, good job for earlyer's, love on all of you.

47

SiDtHeBeSt

full member

Activity: 420

Merit: 106

People still see bitcoin the way it is portrayed by the media like
1) Bitcoin is a pyramidal scheme.
2) It was a bubble which popped.
And god knows what other shit the media has fed to the people. Bitcoin is still one of the better investment ideas out there it hasn't replaced gold for a fact and it never would actually in my opinion. Bitcoin is different that of gold and will be and bitcoin will be the best in it's league. As governments and the media demonizes bitcoin people will have a negative view on it.

Eternad

hero member

Activity: 1400

Merit: 623

Quote from: Janation on December 27, 2019, 11:56:40 PM

It is true, there are a lot of hate about Bitcoin especially on the internet.

I did post a statement on Facebook one time and the hate about Bitcoin is oozing saying things like it is a scam, snap out of it and other negative responses. It is the future of currency and trnasactions, I also think that Blockchain would be used widely and currencies will be based on Bitcoin while fiats taking the sideline slowly as time passes by.

Blockchain have more chance that will be more popular and adopted than in bitcoin, but those who are willing to risks and already see the potential and what bitcoin can be as an investment in the long run can try it especially if their aware of the risk and potential gains. Bitcoin is not to weak investors as they can easily be pursued and believe in FUD they can hear or read, those who also know how to trade can take advantage of it as an investment. It just depend on how risky we are in investing as many are already close minded in this idea.

barabarian1

sr. member

Activity: 938

Merit: 250

some countries have used bitcoin and cryptocurrency after they experienced a crisis and the national currency fell. as happened in Venezuela and Argentina. but I hope my country does not wait for the crisis to legalize bitcoin. bitcoin is now the most famous cryptocurrency in the whole world. and every year the number of bitcoin users is always increasing. some people are now beginning to realize the benefits that can be taken by using bitcoin. so I am sure in the future bitcoin will be the currency most favored by the people because of and provides benefits.

Janation

hero member

Activity: 1722

Merit: 528

It is true, there are a lot of hate about Bitcoin especially on the internet.

I did post a statement on Facebook one time and the hate about Bitcoin is oozing saying things like it is a scam, snap out of it and other negative responses. It is the future of currency and trnasactions, I also think that Blockchain would be used widely and currencies will be based on Bitcoin while fiats taking the sideline slowly as time passes by.

Murat

hero member

Activity: 2156

Merit: 711

Telegram @tokensfund

Basically, Due to some horrible perception of the people Bitcoin is still an underrated currency according to my experience so far, I think people seems Bitcoin is not like another currency at all, They think that Bitcoin is frequently hacked and this is not secure yet, Not only that but also most of the people think Bitcoin is being used for the crime purpose and this cryptocurrency and Bitcoin is mainly used for crime and money laundering purpose, so these perception hinders the popularity of Bitcoin so far.

bitvalak

sr. member

Activity: 868

Merit: 267

SecureShift.io | Crypto-Exchange

At the moment there is still hope that bitcoin can still become a currency for the people as was the initial concept.
I see several countries that have said they will throw away the dollar and look for other alternatives.
Here is an opportunity that can be utilized by bitcoin to be a differentiator for the current economic system.

blckhawk

sr. member

Activity: 1554

Merit: 334

It has indeed become a store of wealth rather than become a usable day-to-day currency. Though it has still some use, people tend to not believe in it because of media censorship and influence. And not Bitcoin alone, media portrays cryptocurrencies in general. And the government has a great part on the oppression of its adoption.

Amel

legendary

Activity: 1638

Merit: 1033

Quote from: dothebeats on December 27, 2019, 12:34:21 PM

The media is a powerful entity and is capable of sweeping away the interest of the laymen from crucial developments such as bitcoin and other nice things that has helped us progress lately, that's why entities with dark intentions often hire the media to disseminate their deeds subconsciously. This has worked in the current times, just see the continuous mud-throwing between the left and right wing supporters. The media is involved, for damn sure, and has helped each sides gain followers by just publishing articles or airing news that may or may not be true for the benefit of whoever paid them.

Anyway, when the masses realize what they're missing, they'll just flock into bitcoin and crypto and tell everyone "I told you so!" even though they were brainwashed by the paid media at first.

Yeah you are right, dude. In my opinion the media can be said to have monopolized the brains of the community and unfortunately the public is still too primitive to realize that. Many anti-bitcoin people hired the power of the media to undermine bitcoin, and now the public should be given direction in addressing any news not only about finance, but also in all fields.

On the other hand we also cannot blame the media, because the media also have brought bitcoin so far. Now what needs to be fixed is a society that is too primitive.

julius caesar

full member

Activity: 644

Merit: 127

★Bitvest.io★ Play Plinko or Invest!

The main choice of the consumer as of now is Bitcoin still despite the fact that the price of it is kinda low. It is normal since the bitcoin itself is volatile. Meaning, consumer is the one who dictates the price based on their supply and demand. Even though the price of the bitcoin is a bit low, people are still choosing it because of the security that is given to you.

diahsw

full member

Activity: 756

Merit: 105

considering that it's been 9 years since bitcoin has run, so I can say, bitcoin will always be the currency that everyone wants, even though prices are always unstable, people still want it ... !! because the attraction possessed by bitcoin makes people captivated .. !!

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: adzino on December 27, 2019, 04:19:03 PM

Who is telling you to buy one whole bitcoin? You can always buy a fraction of bitcoin and hold it as a long term investment. If you really want to own "whole" crypto instead of "fractions", then go for well known altcoins like ETH, LTC or BCH (make a list and find a suitable one.

It's something that doesn't only happen within Bitcoin. I have noticed myself by reading through forums where mostly Gold bugs communicate, and the general theme amongst those is to get to the 1KG milestone eventually. People want the rarest and most expensive metal, not a cheaper, far easier to obtain metal such as Silver. Nothing wrong with that in my opinion.

In fact, the hunger for more probably doesn't even change when people own a cheaper coin, because they first want 10 coins, then 100, then 1000, etc. People always aim to increase their holding goals no matter what it is that they hold. In that regard, you can better hoard more of the best and rarest coin than to own a ton of garbage coins. Quality over quantity is what I value.

DooMAD

legendary

Activity: 3948

Merit: 3191

Leave no FUD unchallenged

People don't always understand what will benefit them until it's too late. Most of them are just looking for something simple they can comprehend, so whatever the media can distill into a simple headline is normally the only message that makes it through for the "average joe public". I'm of the view that most people will eventually come to Bitcoin out of necessity later, rather than trying to understand it now. It sounds pessimistic, but we can only help the ones that let us. It often takes a painful realisation to finally wake someone from the comfort of ignorance. All you can really do is grow your stash to ensure you have enough to help those you care about when that time comes for them.

HannaWho

newbie

Activity: 3

Merit: 0

It is and will be, since it is one of the only bearer assets with some liquidity in this world.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

Quote from: Duzter on December 27, 2019, 03:53:46 PM

Maybe in terms of affordability it might be little tough to buy as a whole Bitcoin, but the access to buy as much possible makes it much easy to be used. Also this isn't developed targeting specific people, it is developed for the entire people as well as to fulfill the flaws that the banks does.

Who is telling you to buy one whole bitcoin? You can always buy a fraction of bitcoin and hold it as a long term investment. If you really want to own "whole" crypto instead of "fractions", then go for well known altcoins like ETH, LTC or BCH (make a list and find a suitable one. Don't blindly/randomly invest on the coin I have suggested you). They are much cheaper to afford, at least for now.
Its not like bitcoin does not have any flaws at all to be used as a regular currency. It does have a lot of its own drawbacks that is making it difficult for people to use it as a a regular day to day currency.

Duzter

sr. member

Activity: 1092

Merit: 256

Leading Crypto Sports Betting & Casino Platform

Maybe in terms of affordability it might be little tough to buy as a whole Bitcoin, but the access to buy as much possible makes it much easy to be used. Also this isn't developed targeting specific people, it is developed for the entire people as well as to fulfill the flaws that the banks does.

Ridwan Fauzi

full member

Activity: 1330

Merit: 147

The payment system that use digital currency (money fiat) already crowded to use recently and seems like it will be the new system which can replace the old system that use paper currency.

So, I just thinking that bitcoin is a currency which can be able to replace the function of money fiat when it has collepsed. The people will tend to use the currency which is has the same character like they use before.

Topic: Is Bitcoin still a people's currency? - page 6. (Read 1259 times)