Topic: Maybe BTC wont last because NO ONE really profits from it... (Read 443 times)
The majority of altcoins are not eligible to be called currency coding because they are not hierarchical. Only you are the ultimate owner of that bitcoin and no one else can claim ownership on it. Those who do not make a profit are those who used bitcoin at the end of 2017 beyond pure greed. I personally recorded bitcoin when it only stood at $ 450. You can easily calculate the percentage of profit that I have. It all depends on the time of your adoption. especially in the January bubble. The losers are all new people entering the market to get the moon. a uniform measure, so its position is quite strong imo.
Btc will last for sure.This is just a bad situation we are seeing now in crypto.When it comes to profit,yes some are still makng profit but in a small amount.Panic sellers are selling and the real holders are holding till the right moment come.
So we should just await for the right time.
So we should just await for the right time.
I'm opposing to this idea, "Becoz NO ONE really profits from it". If you're a real trader, you can even make huge profits from prices movements (uptrend/downtrend) whether the Bitcoin price fall or climb in a matter of time and knowledge. To be honest, buying at wrong timing is unreasonable for long term hold.
And do you think that if it is not profitable for you, everybody will STOP using bitcoin? mate your are crazy, most of the strong holders are not in here because of the money, they are in here because of the way that bitcoin works
I look at BTC as the greatest thing for our world. We need digital currency. It makes sense. But, we live in a world where we are driven by greed and profit. So with that said....
If someone creates a ALT coin to compete with BTC for first place, I think eventually that ALT coin will get there. Because at the end of the day, if that 'ALT COIN" makes enough money they can continuously push their "ALT COIN to surpass BTC.
I dont see anyone financially backing up BTC.
I see Bcash and their owners making deals.
I see Ripple making deals
I see pretty much everyone else making deals
And pretty soon those deals that these "ALT Coins" are making will eventually climb them into the #1 spot
PLus, people are shorting BTC all day long. It sucks, because im the "buy during the dip" guy.
my opinions only.... im ready for the backlash
If someone creates a ALT coin to compete with BTC for first place, I think eventually that ALT coin will get there. Because at the end of the day, if that 'ALT COIN" makes enough money they can continuously push their "ALT COIN to surpass BTC.
I dont see anyone financially backing up BTC.
I see Bcash and their owners making deals.
I see Ripple making deals
I see pretty much everyone else making deals
And pretty soon those deals that these "ALT Coins" are making will eventually climb them into the #1 spot
PLus, people are shorting BTC all day long. It sucks, because im the "buy during the dip" guy.
my opinions only.... im ready for the backlash
Somehow, you're correct with your statement. Perhaps, yes. Bitcoin will really be left out by some other coin. But for now, majority of people only know about Bitcoin as a crypto, but when the time comes people will start to notice all of those other coins.
It's true a lot of people don't really profit from it unless they have a legit job paying in btc or there either doing blackhat methods or scamming people, hopefully, though in the future someone finds a way to make it the legit market for it besides mining.
Thank you for sharing! The world is still in a state of accepting bitcoin as an electronic form and it is still quite ambiguous to everyone! So sometimes it will cause confusion
I am a living proof that bitcoin is profitable. The number of people who profited from bitcoin may have decreased in the past six months. But the market is now showing signs of recovery, $6,700 and rising as I write this comment.
I do not think so. You say it because you do not benefit from bitcoin but out there there are many people who use bitcoin in real terms, they use it for various things, either just as an investment tool, or a means of payment.
If you say bitcoin has no fans, you're wrong. Even many people from poor countries use bitcoin as a means of payment for their trade.
If you say bitcoin has no fans, you're wrong. Even many people from poor countries use bitcoin as a means of payment for their trade.
it is not "no one" it is just you. and the reason is simply because you listened to the FUD instead of listening to your own logic and using your own brain. when some idiot told you to "buy" you jump to buy bitcoin and when another idiot told you to sell because bitcoin is dead you panicked and jumped again to sell bitcoin and in this process that you repeated multiple times you lost a lot of money each time.
then you made the mistake of listening to another kind of idiots on the internet who were telling you to buy shitcoins. after a while you found yourself with bags filled with a lot of altcoins each of which losing value up to 90% and you found yourself in a lot of loss.
that is why you are so negative right now. so my suggestion is to start looking back and see what you did wrong. stop listening to idiots on the internet and start using your own head and stop bag holding altcoins.
then you made the mistake of listening to another kind of idiots on the internet who were telling you to buy shitcoins. after a while you found yourself with bags filled with a lot of altcoins each of which losing value up to 90% and you found yourself in a lot of loss.
that is why you are so negative right now. so my suggestion is to start looking back and see what you did wrong. stop listening to idiots on the internet and start using your own head and stop bag holding altcoins.
was this message for me or are you generally speaking to people with this topic in mind?
I would assume you only hold BTC and a few other top CMC cryptos... ANy chance one of the other coins/tokens will take a lead over bitcoin?
The main point you forget about bitcoin is that it is not controlled by any one and it is accepted by 99% of the crypto world. Majority of coins are valued through btc. The Altcoin which you are telling is controlled by their developer and if the developer abandon their project then automatically the coin value can go to zero also. But in btc case value going to zero is nill to possible as it is accepted by everyone and it is not controlled by anyone.
Strongly agreed!
it is not "no one" it is just you. and the reason is simply because you listened to the FUD instead of listening to your own logic and using your own brain. when some idiot told you to "buy" you jump to buy bitcoin and when another idiot told you to sell because bitcoin is dead you panicked and jumped again to sell bitcoin and in this process that you repeated multiple times you lost a lot of money each time.
then you made the mistake of listening to another kind of idiots on the internet who were telling you to buy shitcoins. after a while you found yourself with bags filled with a lot of altcoins each of which losing value up to 90% and you found yourself in a lot of loss.
that is why you are so negative right now. so my suggestion is to start looking back and see what you did wrong. stop listening to idiots on the internet and start using your own head and stop bag holding altcoins.
then you made the mistake of listening to another kind of idiots on the internet who were telling you to buy shitcoins. after a while you found yourself with bags filled with a lot of altcoins each of which losing value up to 90% and you found yourself in a lot of loss.
that is why you are so negative right now. so my suggestion is to start looking back and see what you did wrong. stop listening to idiots on the internet and start using your own head and stop bag holding altcoins.
If someone creates a ALT coin to compete with BTC for first place, I think eventually that ALT coin will get there.
Have you seen how many alt coins there are? Currently there are 1612 altcoins according to coinmarketcap and see the marketcap of these altcoins. Is a very low marketcap, see the use of these altcoins. you will see that more than 50% of these altcoins have no use, they were created only for certain dev to become rich, nothing more. And we have the issue of decentralization, the altcoins are centralized, the dev control everything. is as if they were a gang. so it's much better to use bitcoin than to use an altcoin.
Bitcoin will not reach the highest peak of it's popularity if no ones gets profits from it. Bitcoin lasts this long because many investors and many people believes in the market potential of cryptocurrency. It is beneficial for bitcoin believers.
Are you joking? What do you mean by "profits"? Are you here only for he purpose of fiat in and fiat out trades? Bitcoin is much more than just an investment vehicle. While profits are nice many people came here to help spread the word about it, introduce payments into their own businesses, find a way to work for BTC, and so on.
You're so far from the truth by talking about its peak. If you want that peak to be a bubble that pops once those on top feel like they've gained enough, that's the way to go.
I do not agree with the op. I think Bitcoin has given a lot of profit to a lot of people without any selfishness. The old coins who are running them they need profit. If they do not get any profit from it and we will not Run anymore. Buy with Bitcoin we do not have that type of problem Bitcoin can be used without of thinking about what they will get all we have to do this just think about yourself and how we are going to use it and that will fuel the Bitcoin community. For me, Bitcoin is number 1 and it will be always number one because it's a nonprofit system and all the other systems are profit making system.
If someone creates a ALT coin to compete with BTC for first place, I think eventually that ALT coin will get there.
Have you seen how many alt coins there are? Currently there are 1612 altcoins according to coinmarketcap and see the marketcap of these altcoins. Is a very low marketcap, see the use of these altcoins. you will see that more than 50% of these altcoins have no use, they were created only for certain dev to become rich, nothing more. And we have the issue of decentralization, the altcoins are centralized, the dev control everything. is as if they were a gang. so it's much better to use bitcoin than to use an altcoin.
Big investors are profiting from bitcoin.
truth
Bitcoin as well other digital currencies would have never gained such a popularity if none has benefitted out of it. Importantly the benefits that each and every user got through bitcoin has made it reach large user network without any promotional advertising and just through the word of mouth spreading.
Well, if you have taken a little review about the altcoins, you'd realize they all have their specific reasons for which they were created for and not all of them were made to compete with BTC. And by the way, who said no one benefits from BTC, I have used Bitcoin in so many different ways buddy.
You have no idea how wrong you are regarding how the markets work. You don't require a financial banking to succeed in this world, Bitcoin was created with zero money taken from anyone. If you know anything about the open source community than you might have known that Bitcoin has them developing for it.
What makes you sure that no one is not getting profits from bitcoin? Big investors are profiting from bitcoin. People who bought low and sold high did make a huge profit out of bitcoin. Basically, everyone is getting profits from bitcoin. And to prove that, look at the price last year. It had a huge increase. Perhaps you are saying that because the price has fallen and it still has not grown back yet. You need to be a little bit patient.
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