Today there are quite a few bitcoins on the market. This leads to the fact that any transaction for a large amount can significantly affect the course of the crypto currency. Often this entails significant losses. On the other hand, this is an excellent opportunity to make money on these fluctuations.
Yeah, for me my challenge to bitcoin is to be stable for a span of time. Bitcoin really helps people to be self-motivated. I choose this chalenge to see what will happen in this industry. 
Topic: My challenge to bitcoin - page 4. (Read 1593 times)
it seems that your research doesn't understand bitcoin
try to take the positive side of bitcoin and what bitcoin can do in the future
maybe it makes you rethink not to like bitcoin
try to take the positive side of bitcoin and what bitcoin can do in the future
maybe it makes you rethink not to like bitcoin
I created a 6 minute youtube video to explain why I don't like bitcoin, but let me sum it up. I see the us dollar as a debt backed currency. Banks create money through loans, which are in turn backed by houses, cars, and people's incomes. Everybody seems to think the us dollar is a faith based, or something, but I don't see it that way. I see it as a fully backed currency, not too much different from being a gold backed currency. Where am I wrong?
https://www.youtube.com/watch?v=jujwQkhnoU8
You are completely wrong, a gold backed currency is backed by gold held by the state, the gold belongs to them and to no one else, the houses, cars and business are not backing the currency because the governments does not own them, the dollar is a fiat currency which means that is not backed by anything except the faith the US will pay its debts. https://www.youtube.com/watch?v=jujwQkhnoU8
we see how turbulent the bitcoin price is. We see how the value runs at its highest peak. We can not imagine what will happen at the end of the year. We know how bitcoin grades are low, and we think like dollars. because the price is very high and can sell it at the right time.
No mater how volatile the prices are, you can still deal and earn big hand in the coin. The technology does not operate on one side and so many aspects run in your favor if there is one running against your plans. As a result, the current recovering values will rise enough to a height and might experience jumps when we will be heading towards December. Even before the last year boom, we had this “December concept”. So it is okay to wait till the end of the year. Something the experts say.
we see how turbulent the bitcoin price is. We see how the value runs at its highest peak. We can not imagine what will happen at the end of the year. We know how bitcoin grades are low, and we think like dollars. because the price is very high and can sell it at the right time.
I created a 6 minute youtube video to explain why I don't like bitcoin, but let me sum it up. I see the us dollar as a debt backed currency. Banks create money through loans, which are in turn backed by houses, cars, and people's incomes. Everybody seems to think the us dollar is a faith based, or something, but I don't see it that way. I see it as a fully backed currency, not too much different from being a gold backed currency. Where am I wrong?
https://www.youtube.com/watch?v=jujwQkhnoU8
I think you are totally confused man. First of all, you said that you don’t like bitcoin and next you’re saying that you don’t like fiat too and that is because it backed by debt. https://www.youtube.com/watch?v=jujwQkhnoU8
What are you even saying? Okay, assuming I ask you what is bitcoin backed with, what would you say? Bitcoin is backed by fiat which we the people invest in it… yes, that’s true, although some people will disagree. And as for fiat, fiat is not backed by debt. Correct yourself, cause you’re totally confused.
The idea that a currency should be backed by something comes from the old times. I am not saying it is good or bad but read carefully here. Currencies.
I disapprove that crypto (in most cases) should actually be used as a currency. My opinion and standpoint are that we consider them as stocks of a certain project.
So; You think the developers of Bitcoin will make the crypto better? Yes, invest. No, don't invest.
Because if it the simplicity of blockchain technology the TRANSFER of these 'stocks' (cryptocurrencies) is very easy, therefore we can TRANSFER/TRADE these assets with each other.
Think back many years. People traded shells for cows (an example) because someone wanted shells to make certain products and the other person wanted a cow. A cow has never been backed by gold and neither are shells.
The latter way of making transactions makes more sense to me than using a currency that is also highly dependent on the performance of your country/union.
I disapprove that crypto (in most cases) should actually be used as a currency. My opinion and standpoint are that we consider them as stocks of a certain project.
So; You think the developers of Bitcoin will make the crypto better? Yes, invest. No, don't invest.
Because if it the simplicity of blockchain technology the TRANSFER of these 'stocks' (cryptocurrencies) is very easy, therefore we can TRANSFER/TRADE these assets with each other.
Think back many years. People traded shells for cows (an example) because someone wanted shells to make certain products and the other person wanted a cow. A cow has never been backed by gold and neither are shells.
The latter way of making transactions makes more sense to me than using a currency that is also highly dependent on the performance of your country/union.
I created a 6 minute youtube video to explain why I don't like bitcoin, but let me sum it up. I see the us dollar as a debt backed currency. Banks create money through loans, which are in turn backed by houses, cars, and people's incomes. Everybody seems to think the us dollar is a faith based, or something, but I don't see it that way. I see it as a fully backed currency, not too much different from being a gold backed currency. Where am I wrong?
https://www.youtube.com/watch?v=jujwQkhnoU8
Hopefully your video would not be the thing which contributes to the global bitcoin dump, because I am strictly persuaded that the more we have those videos or those rumours, the lower the price came. https://www.youtube.com/watch?v=jujwQkhnoU8
We all have our opinions about something's be it good or bad. True that fiat is actually backed up that's why it is called a trust. But i think bitcoin and other crypto currencies are back up by people who wants to buy it much like gold and silver which we use mostly as an accessory. We dictate prices.
Yes you are right. In addition, the volatility of the dollar is quite insignificant in comparison with the crypto-currencies. I will believe that the dollar is worse than bitcoin only after bitcoin has turned into a full currency.
To become a stable price because if bitcoin is stable we feel comfortable and no doubt to our price of bitcoin. And they have possibility that the other investors invest in bitcoin because no doubt in the price btc because stable. And the price is consistent to become higher.
I don't see bitcoin as the problem to economic growth and to fiat destruction. Bitcoin have risk and also benefits. For now dollar is the standard basis of measurement on bitcoin value that we can identify its price on the market.
Yes, I think the same, for now of course we don't see problems with this.
I created a 6 minute youtube video to explain why I don't like bitcoin, but let me sum it up. I see the us dollar as a debt backed currency. Banks create money through loans, which are in turn backed by houses, cars, and people's incomes. Everybody seems to think the us dollar is a faith based, or something, but I don't see it that way. I see it as a fully backed currency, not too much different from being a gold backed currency. Where am I wrong?
https://www.youtube.com/watch?v=jujwQkhnoU8
https://www.youtube.com/watch?v=jujwQkhnoU8
Bitcoin has been independent and it helps us independently. We get money from it though it is decentralized so why saying it is backed up by dollar.
so many people to this day do not like bitcoin just like you, but for me this bitcoin is one that can earn bigger profit than gold and US dollar, which i do not like bitcoin ie no fixed price stability
I don't know about that but I'm still hanging on to BTC and other crypto currencies in the market. Also, i would.like to think that BTC will be all that we dreamed it would be, a currency like no other uncontrolled by one man. I might be naive in saying this and i don't evrn have the evidence or the facts to back it up.
Man what else you want if you are getting money you intend to get. Besides, we have been hearing about the technology like Bitcoin as decentralized and if you say it is backed by dollars, you should also provide some solid evidence. Just claiming and calling a crypto currency being backed by US dollar is not enough. Even still almost many people are happy with their holdings and have been earning good. 
My challenge to bitcoin is the same as others challenge too, the continous dip of price and the market volatility that always strikes and never calm yet, everyone has the same sentiments that are facing. The global market recession affects a lot to any industry that causes much fluctuation in the market.
We are seeing bitcoin price now decreasing and continue to fall.
but we have witnessed also the time it rises in the market.
not just 1000% up but more, and people are happy with it, but now bitcoin is falling and then they are asking like that.
I also don't like bitcoin, don't totally satisfied with it but it is clear that it is better than usd and gold that's why it is my choice.
I don't know why you dislike Bitcoin though we all know Bitcoin is still not that developed though even though I like Bitcoin, I don't think that it is better than Gold more importantly than USD or any Fiats. Fiats and Gold are still far more better than Bitcoin since these two are always used by a lot of people and they are trusted assets by a lot of investors unlike Bitcoin.
My challenge to bitcoin is the same as others challenge too, the continous dip of price and the market volatility that always strikes and never calm yet, everyone has the same sentiments that are facing. The global market recession affects a lot to any industry that causes much fluctuation in the market.
everyone here I think of course have a fairly high price decline, and it makes their panic. so we also have to overcome it with a sense of calm 
Just like any currency of each and every country, and also like bitcoin, we see how volatile it is. We see how the value goes on its highest peak. We cant just imagine what will happen on the year end. We know how bitcoin value goes low, and we thought like dollars. Forex investor trust dollars, because it goes very high and can sell them in the right time.
I don't know about that but I'm still hanging on to BTC and other crypto currencies in the market. Also, i would.like to think that BTC will be all that we dreamed it would be, a currency like no other uncontrolled by one man. I might be naive in saying this and i don't evrn have the evidence or the facts to back it up.
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