Maybe BTC wont last because NO ONE really profits from it... - page 4.

bitcoinisbest

hero member

Activity: 1218

Merit: 557

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.

taksrkanah

newbie

Activity: 88

Merit: 0

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.

Tankdestroyer

full member

Activity: 476

Merit: 107

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

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

Those deals are merely deals from owners to another owner of an altcoin and the fact that NO ONE USES THEM TO BUY ONLINE is there. I see bitcoin being used by people to pay for goods and services online(particularly in marketplace section of this forum) but I rarely see people buying goods and services using altcoins such as Ripple and bitcoin cash. I also wouldn't call altcoins real currency if I were you because they are used merely as a speculative tool, not as a currency.

hugeblack

legendary

Activity: 2702

Merit: 4002

I do not think I agree with you, the limited number of bitcoin makes it always high.
Altcoins are copies of Bitcoin and will not overtake it soon unless bitcoin technology delayed as high transactions fees "Lightning network failure."
You talked about greed, but people still make profits from Bitcoin. These people will push demand to standard levels. With limited coins and high demand, Bitcoin will always be number one.
Maybe if there are two or three altcoins, It will outperform Bitcoin, but greed is the one who makes more than 1,000 altcoins and is therefore always less than Bitcoin

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

your problem is that you think bitcoin was created so that you can make money/profit from it which is why you think if there is no profit in bitcoin or there is more profit in an altcoin bitcoin will die!

but that is wrong. bitcoin is created to be a decentralized currency and when it does that it stays alive and strong. and the fact that it is rising and giving you "profit" is because it is a currency and majority of its adoption is because of that.

btcdevil

legendary

Activity: 1302

Merit: 1027

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

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.

Marcommaso

newbie

Activity: 49

Merit: 0

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

Actually the insiders of crypto world and financial traders doing enormous profits with bitcoin, especially during the January bubble. The ones who got loss were all the newbie entering the market to get moon.
An alt coin could rise over bitcoin? Why not. But btc is like a standard, a value reserve as gold, a measure unity, so its position is pretty strong imo.

avikz

legendary

Activity: 3080

Merit: 1500

Thanks for your honest opinion. The economy of the world is indeed drive by the greed and the potential of future profits. However, Bitcoin is the pioneer and true crypto currency currently available in the market. Majority of the altcoins are not qualified to be called as a crypto currency because they are not decentralized. For example, we can consider both Ripple and EOS. Both of the currencies are centralized in nature and they can ban your account for whatsoever reasons, just like EON did few weeks back. That is not possible with bitcoin. Once you have bitcoin in your wallet, only you are the supreme owner of that bitcoins and no one else can claim the ownership on that.

Likewise, every coin has their own pros and cons. Also when you are talking about profit, let me tell you that all early adopters of bitcoin are making huge profits even today. The ones who aren't making profits are the ones who had adopted bitcoin during late 2017s out of pure greed. I personally scored bitcoins when it was only standing at 450 USD. You can easily calculate the percentage of profits I am already in. It all depends on your adoption time.

Jetblack01

newbie

Activity: 67

Merit: 0

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

Topic: Maybe BTC wont last because NO ONE really profits from it... - page 4. (Read 443 times)