Maybe BTC wont last because NO ONE really profits from it... - page 2.

arthotdog

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Quote from: Jetblack01 on July 04, 2018, 03:41:29 AM

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

Well most of your sights are right,this what make bitcoin drops popularity those greed that manipulates market,added those weak handed humans that with just a small drop from the price they sell instantly their coins without little patience and this really sucks

Thats why i love your arguments since i guess this is the right time to tackle this serious matters for the benefits of us al

CCF_news

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No altcoin will ever beat beatcoin. Bitcoin will always take its first place, as its technology is constantly being improved and does not stand still. Do you really think that something can overtake Bitcoin?

goodvibes05

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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.

burakdat

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"I invest and Doing Bounty Campaign"

Actually you are wrong when you say that no one really profits from it. If you have observe the market which is highly volatile that means those who day trade had earned on it already. Some of them are using a system to day trade. ANother thing that that others are earning is mining, those exchanges, and ICO projects which gather relatively huge amount of fiat money for the project to implement and created an opportunity for some other individuals.

Jetblack01

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I do understand the purpose of and why Bitcoin was created. I believe in it. This is why Im holding it and consider it to be potentially one of our final currencies to replace fiat... I want to know everyones opinion about having some other coin/token aiming to take its place. and what the possibilities of that is.

And my understanding has changed quite a bit since posting this a few days ago.

Exchanges financially benefit from bitcoin , but they probably financially benefit just as much from altcoins too.

AliMan

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Quote from: genlocy on July 05, 2018, 11:58:03 AM

You are somehow right. But not totally right. Yes all the crypto-currency is not real, I do agree with this. But, bitcoin is secure and safe. Once you have the coin then you are the only owner of those coin if it is bitcoin. And the profit. Well, Actually it is a long time investment. Think of those who buy bitcoin when the value was like 500$ or 1000$. How much they profit?

This is a false statement and should be ignored. We all know how beneficial and helpful bitcoin is so telling me this kind of comment will really bring me into disgust. A lot of people have benefited from btc so how come you're saying that it is not. Well it's just a matter of effort in order to be successful in here.

Cepot

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it seems you have never benefited from BTC, why you predict bitcoin will not last, I am still sure bitcoin will still survive in the first position of all krypto Grin

ETHtotheMOON1

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Quote from: Jetblack01 on July 04, 2018, 03:41:29 AM

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

bitcoin is not supposed to make people millionaires. It's here to cut the centralized banking systems and bring the money back to the hands of regular people. Obviously you can't understand that

Jetblack01

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I still feel like I didnt get my true point accross...

We all invest in Bitcoin and we all profit from it when it goes up. For some of us who day trade, you make money thru the volatility.

What Im trying to sayi is.... there isnt a CEO of Bitcoin that will reap huge benefits. There are people with lots of bitcoin but thats not the same.

Im saying in comparison to a centralized Token/coin. Lets use bcash for example again...

The creators of Bcash will continuously keep pushing for their coin to take first place because they financially benefit from it most. They can potentially team up with miners and merchant services, huge corporations because they have a face and the human factor. They can create deals and shake hands.

Who is doing this for bitcoin??? Huh

I know Bitcoin has strong support in getting bitcoins accepted everywhere, but I think with the right amount of money behind an alt coin, with the right connections and timing, it can possibly take first place one day.

Does anyone else think this is possible???

genlocy

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You are somehow right. But not totally right. Yes all the crypto-currency is not real, I do agree with this. But, bitcoin is secure and safe. Once you have the coin then you are the only owner of those coin if it is bitcoin. And the profit. Well, Actually it is a long time investment. Think of those who buy bitcoin when the value was like 500$ or 1000$. How much they profit?

Denies

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Quote from: Jetblack01 on July 04, 2018, 03:41:29 AM

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

I guess that's just your baseless assumption. try to compare from time to time until now.
none of the alt can compete with bitcoin even though there are many more sophisticated deals and technologies.
Why did it happen ? there are many factors that strengthen bitcoin will always be the king of all crypto. especially the market is always bound to bitcoin, up and down bitcoin will greatly affect on alt. and this is a fact

bitbunnny

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WOLF.BET - Provably Fair Crypto Casino

Every source of income can make people greedy. Money influences bad on people becuse once they get a lot of it, they can't never get enough.
The truth is that many traders don't keep that in mind and just forget themselves. Greed makes them to get very strange decisions.
But if you are wise and skilled enough you can get continuos profit. You will not get rich but it will be a nice income and in that form Bitcoin is completely sustainable. The key is to find the right measure.

mysacrifice

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Quote from: zolfa on July 04, 2018, 09:30:21 AM

I think it's not just bitcoin that can make a person get greedy, but altcoin can also make a person get greedy, but altcoin will not be able to overtake bitcoin.

we need the crypto world, not only bitcoin, the balance will be created if we are able to manage and control all the crypto value becomes more special.

I hope you can be fair to bitcoin and altcoin.

Totally agreed mate. I believe it is just the matter of time. System changes take time.

dohh

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Quote from: yugyug on July 05, 2018, 03:44:31 AM

Bitcoin is not all about profit it is all about how to be free from controlling the economy by greedy political power and bitcoin was created to not be affected by any nations about inflations and economic status and the decentralization of cryptocurency was conceived at that is what we called bitcoin. Bitcoin owns no one and it is not a company nor brand nor bank but it beats other large brand names and companies in terms of marketcap.

No its not. BTC core technology will never work, because such technology is too energy-costly for such mainstream product as transferring assets. It is purely speculative "asset." Yes, market cap is awesome and consists of greedy whales, break-even gamblers and poor bastards whol lose money, because they enter into BTC with hope of ROI from investment. They are thrown into scheme instead.

yugyug

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Bitcoin is not all about profit it is all about how to be free from controlling the economy by greedy political power and bitcoin was created to not be affected by any nations about inflations and economic status and the decentralization of cryptocurency was conceived at that is what we called bitcoin. Bitcoin owns no one and it is not a company nor brand nor bank but it beats other large brand names and companies in terms of marketcap.

dohh

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Quote from: virendarnagpal on July 05, 2018, 03:28:22 AM

Bitcoin is truly decentralized crypto currency. It was created with the objective of creating international; decentralized; transferable at cheap commission, without any intermediary.
But on the other hand the crypto being issued presently are being issued by manufacturing;trading ; or investment company. These crypto are not truely decentralized. These are like shares of companies issued with the objective of earning profit from trading or manufacturing. The price of these crypto depends upon demand as well as profits of the company.

What profit of which company? Do You even understand, what You write???

virendarnagpal

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Bitcoin is truly decentralized crypto currency. It was created with the objective of creating international; decentralized; transferable at cheap commission, without any intermediary.
But on the other hand the crypto being issued presently are being issued by manufacturing;trading ; or investment company. These crypto are not truely decentralized. These are like shares of companies issued with the objective of earning profit from trading or manufacturing. The price of these crypto depends upon demand as well as profits of the company.

teterinal

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i strongly disagree. bitcoin is the standard in the cryptocurrency world. plus it is accepted by everyone and is decentralized and is controlled by no one. Unilike these altcoins, they are centralized in nature.

dohh

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Quote from: Jetblack01 on July 04, 2018, 03:41:29 AM

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

Well, Your statement is not mathematically reasonable. If You get loss and there is no real asset, that could had dissappear or get broken, that means the other side of Your deal has got profit.

Consider this: 5% of BTC are changing ownership EVERY DAY. This is hypervolatile and hyperspeculative monetary scheme, where You can win only on someone else´s loss. This is important to understand, BTC is not say stock of Netflix or etc, where You buy a share and get richer as company grows and people pay money for service. BTC is not a company, but a monetary scheme, which will collapse, when mining becomes pointless.

scooby_doo23955

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Well, I can understand your frustration and you are right too. But you know bitcoin is the king crypto and the most primitive coin. Still it has much influence and the market is judged by this coin. The altcoins doesn't refer to a single coin but bitcoin is the single entity. So, it will not be fair to compare bitcoin with the whole alt section. Bitcoin has started recovery and soon it will reach a optimum price. Don't be hopeless.

Topic: Maybe BTC wont last because NO ONE really profits from it... - page 2. (Read 443 times)