Maybe BTC wont last because NO ONE really profits from it... - page 3.

BitcoinHodler

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

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.

making money is the last thing of importance when it comes to creating a currency! and so far only bitcoin has been a currency which is why it has value and it is keeping it and also increasing it every day as its adoption grows.

so if another better currency was created in the future you are correct.

so far what we have in altcoins is shitcoins made for pump and dumps and profit making. so you make more profit from these shitcoins but they won't even come close to bitcoin ever.

Jetblack01

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Im gonna recap the information Im reading in hopes to understand a general idea of what everyone is saying... This is helping me greatly so thank you all again for your input.

Bitcoin does help all of us generate profit.
Bitcoin wont go anywhere since it is decentralized and cannot be shut down.
Bitcoin has come a long way from the penny days and has alot of utilization right now.

So my new question is,

Are there any tokens created that are truly decentralized just like bitcoin? a fork perhaps?
And if there was a coin/token created in a centralized manner, are they able to ever make it decentralized and adopted by all similar to bitcoin?

So lets use bcash for example:

Everyone agrees that it will never have the ability to take over bitcoin?

Thanks ahead for your opinions. (newbie trying to get schooled here) =)

LeGaulois

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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

Then why despise the altcoins mentioned Bitcoin is still on the top?
Cryptocurrencies are not supposed to be created to make profits. It's maybe why some people don't profit? At least they are getting it wrong and if they are losing money then they will learn cryptocurrency the hard way

Malaya

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Having a bitcoin is profitable. Unless you are not making any move to gain from it. Even by just holding bitcoin there is higher percentage that you'll earn profit from bitcoin. Just because bitcoin have decline its value means it is not profitable already. Come to think of it, from the very first time it was introduced until now. Look at how it has improved a lot when it comes to its price.

purple.thoughts

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In my own opinion, a lot of people are earning profits from it. Even us is earning from it even if it is just a small amount of money compared to those who are really earning big amount of money from investments and other marketplaces. I also believe that bitcoin still has its popularity and that it will last as long as people specially users who transact with bitcoin will keep on using it and spreading it to the world.

BrewMaster

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it is a free market, if you really see shitcoins such as BCash and Ripple having more potential than bitcoin then feel free to switch to them. but the thing is, you don't show it but you already know they are shitcoins which are only good for temporary pump and dump. you are just left behind since the dip below $6k happened...

zolfa

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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.

carlisle1

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You have delivered a great opinion here mate,as i am reading your whole thread i found whats missing its the trust about technology,theres alot to mention about the profit and the earning but mny denies about what is behind this crypto coin and whats the main objective about this creation,i guess this is the right time to educate every single member of this community on whats really happening to ope their eyes that if this dies we will die with it

Nisharawal

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I am no stable coin. to the mooonn.. and back

First of all thanks for sharing a true and honest opinion from your side Wink

. I would like to tell you that all the markets in the world are driven by the Greed and Fear and the trading totally depends on these two factors because supply and demand are driven by these two factors. Don't compare bitcoin with other altcoins as both have different quality of services in their different technology ecosystem. Coming to the trading point, this is not true that BTC won't last in coming months because I am earning a good income from that and also you should be knowing when to enter long and shorts in bitcoin and other cryptocurrencies. I would advise you to plan a trading strategy and then take your trading decisions after tons of practice.

btcluisdiki

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I agree to disagree with the subject thread wherein there are still many people who made a profit with btc and these people are those who know how to understand the market trend and those holding their btc's while the market is on dip. Most of the people that had made good profit were those investors that had invested few years back and was able to ride the highest price value during Q4 of 2018.

dothebeats

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I don't think so, since with the repeated inflation and blow-offs of bitcoin, that proves that there's still a market for people to take profit from, and there are still people interested in making a profit with it. As for your logic, take Blackcoin for example (a 2014 coin). It have had its time, specially when people are into it. After people took profits from the said coin, almost everyone moved to a newer coin with newer market/people. The thing is, it's not everyone wants profit; others still want development and practical uses for their coins. The reason I see why people are still into bitcoin after its poor performance from 2014-2016 and 2018 onwards is because they see something good at bitcoin that they cannot see at other top-performing coins when it comes to price.

BelieveInBTC

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Are you sure that no one profits from Bitcoin? Everyone here does. Without Bitcoin you would never see Bitcoin Cash and Ripple. Many people started to value their financial privacy thanks to cryptocurrencies which mostly offer (pseudo)anonymous transactions. Privacy is the best thing we can get from cryptocurrencies. Bitcoin will become better in the future, Lightning Network already helps it with that.

voron84-05

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In order to see the prospects for development of bitcoins not only as a technology but also as a financial tool, it is important to watch a period of time not less than two years, then the growth of price and popularity will become evident. If you will assess prospects based on the last six months, then I think you will not get any objective information.

Jetblack01

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Quote from: bitcoinisbest on July 04, 2018, 04:27:32 AM

Quote from: taksrkanah on July 04, 2018, 04:24:27 AM

Nonsense, many people have benefited from bitcoin. Just like pumping altcoin, BTC investors also do pumps and they also sell at high prices to make a profit. If you say BTC does not bring any benefits, I think it's just your jealousy over the lucky ones.

OP is a newbie and just created a new account. So i am sure he would not know anything about btc or may be new here so would not know have even invested till now. Considering the last 6 months yes the market have not supported well as price has fallen only but does not mean it has not benefited people.

yes, Im a newbie. I bought btc early but didnt dig into as much as I should have. This forum is a great resource for information and maybe throwing a obscene post to get answers is not smart or maybe its a part of my elaborate plan to get information faster. Grin

thank you for your input

Jetblack01

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Thankyou all for your input and opinions. I must say, its great to have a community like this where I can get the opinions of so many others. Thank you again.

Bitcoin is definitely a currency and stands on its own against what "altcoins" I compared it too. Bad example in my part but I think I got the point semi-accross.

People profit from Bitcoin. Including myself since I bought in mid 2016 if i remember.

times are changing and its difficult for me to understand exactly whats happening with all the news and info we get.

Guys, Im still learning and appreciate the input...

What about these Forks to bitcoin. Someone forks, its decentralized.... sorta.

The guys/girls who forked it make money off fees, mining, im sure they rewarded themselves handsomely with tokens or coins themselves too.

These are the ones I think will have a high potential to take over, YES/No???

They take the btc name, its "decentralized"
they push for it to be accepted everywhere "bitcoincash" listed on Coinbase.... See where Im headed?

This is where I see the transition happening and start to form my own opinions on everything

KonstantinosM

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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 think there are a lot of people here who understand why we need bitcoin.

I look forward to profiting from not having a bank dictate how and when and with what fees and to whom I can send my money to, or from whom I can receive money.

It's supposed to be a currency that holds it's value and doesn't inflate like the USD to an unpredictable supply. It's not supposed to be a risky company stock or a gamble.

Yes the potential for profit is there but it should never be the primary reason why we are in cryptocurrency. Once a crypto gets adopted I don't think we'll be seeing crazy bubbles and crazy price increases, and that's ok.

All I want is a currency I can hold on to without getting taxed 3-5% every year by the US government while getting nothing (through inflation).

That is profit enough. After the next blockhalving inflation in bitcoin will be under 2%. That is profit enough for me.

As for another coin surpassing bitcoin, that could be OK. As long as bitcoin helps me hedge against inflation I don't think this is a winner takes all kind of market.

Silver and Gold can exist together. So can bitcoin and litecoin. Although I do believe that alts are overvalued (even litecoin).

jetjet

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The moment you register your account here you just aim for profit and this community will help you achieve that goal.. Saying those words don't compliment at all your appearance to this forum.

With a simple math, it would surely explain to you that btc has a great profit. Buy BTC at price of $6k then sell it at price $9k. The difference is what we called profit..

Betty10

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Bitcoin has survived and when all other hype tokens are gone, BTC will still be here, actually, BTC is not only intended for profit taking, so when do not see it from profit taking angle only then comes the beauty of BTC. Very reliable no central control, no one to arrest should it go either north or south in price movement.

royalfestus

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Your idea is still under if, more than 1500 coins on coinmarketcap with their investors still existing behind them with 2 or more years and they are yet to get the volume to surpass btc and even some of their prices had gone so low from competing with btc. They should just stop competing with btc and work on increasing their trade volume.

krishnapramod

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All these so called crypto deals are made by centralized companies/organizations that hold majority of these tokens, they have to do it, be it for either expanding the project or increasing their own profits and I don't see anything groundbreaking have happened yet, more of niche deals, not something on a global scale. And if you take Bitcoin Cash, wouldn't use the word owners, yeah the one's with major stakes are promoting it, setting up Bitcoin Cash fund, from own pocket/donations, social media advertising/marketing and if I am right the only ecommerce deal they had is with purse.io.

If you compare these cryptocurrencies, isn't Bitcoin different. Not a company and there is no central figure/owners to represent Bitcoin in meetups or cut deals. I do agree that a collective approach could be taken to advertise/promote Bitcoin on a large scale.

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