My challenge to bitcoin - page 5. | Bitcointalksearch.org

Bugsbey

newbie

Activity: 182

Merit: 0

Quote from: trecore4 on January 28, 2018, 12:57:52 AM

Quote from: chowderhead1976 on November 28, 2017, 03:06:00 PM

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

This is way lot confusing post. I tried to read it thrive in real with my eyes wide open. I believe you don't like bitcoin at all because you think that there is no competition of your USD with the bitcoin in terms of how they are backed up with different assets. Agree on that but it's not completely true. The way it seem easier to manage all those backed assets, but it's not the case in reality. The banks work on the principles of liquid money and it flows multi direction all the team. While on the other hand bitcoin is unidirectional and it just work on the principles of peer to peer transfers. The backing doesn't really matter here because what bitcoin has got is the money that we are pushing into it.

That's my understanding about it. There might be no comparison between to as they have different principle of working.

It is so true. Bitcoin cannot be compared with the fiat money. Bitcoin as I see it, the purpose is more on investment while fiat still is very useful in our daily needs. Although bitcoin is now used for other transactions but more people are investing it.

pey

sr. member

Activity: 546

Merit: 251

Free Crypto in Stake.com Telegram t.me/StakeCasino

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.

FiveReels

member

Activity: 168

Merit: 10

Challenge all day! all i want, is to earn profit, but daily trading are not effective this days because the value are drowning at the bottom, There's no assurance that the value started to recover. How I wish bull run takes place everyday. I just keep holding for the possible things may bounces back, and harvest good amount:)

PerLasz

newbie

Activity: 59

Merit: 0

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.

kipo

member

Activity: 294

Merit: 10

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.

Jedzkie050617

member

Activity: 476

Merit: 11

Quote from: Uno17 on June 13, 2018, 07:46:50 AM

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.

My challenges in bitcoin was nit that bad. I just invest small amount and turned out to not profitable. Good experience are more than bad experiences I esrn so much for my family specialy in projects that I join It usually turned out in positive outcome.

Uno17

member

Activity: 322

Merit: 12

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.

Blue Bell

member

Activity: 280

Merit: 10

Quote from: Bitcoinsupervisor on May 31, 2018, 11:19:14 AM

Quote from: chowderhead1976 on November 28, 2017, 03:06:00 PM

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

Bitcoin is better than a dollar. Sooner or later the dollar will collapse.
Instead of the dollar, the government plans to introduce a new currency.

Yeah bitcoin is much better than dollar and it has more capacity than faith money like rupee and dollar, now a day bitcoin has more profit than any other currency as it is being use as an investment as well to any for goods online, everything that money has been doing is now happening with bitcoin along with high profit and saving so all these things makes bitcoin more valuable than dollar and other currency.

vlad230

sr. member

Activity: 616

Merit: 279

The whole purpose of bitcoin is to be decentralised and not be subject to government interventions like manipulating inflation or worse, in some countries, controlling the exchange rate with the main currencies.

Take a look at what is happening in Venezuela or Cuba. People there earn money with which they cannot but the same suff from month to month (they buy less items with each pay check). Also for these countries in particular, the currency exchange is controlled in the sense that it is a fixed exchange rate controlled by the government so, you can't afford or you're not allowed to buy other currencies.

Comparing their FIAT with Bitcoin seems the freedom they need, right?

coinadon

newbie

Activity: 98

Merit: 0

You will only be destroyed if using the method.
You better control your emotions In trading, Because it is the key to success to get the optimal profit.

Take control of emotions, And be prepared to be pursued profit. Good luck

crisanto01

sr. member

Activity: 644

Merit: 253

Quote from: Kiss me on May 31, 2018, 01:27:59 PM

I think the biggest challenge is to find a bounty campaign that is not a scam

I don't think that it is a challenge, we can always find a bounty campaign which are great and legit we just need to find out and investigate things, make ways for you to find out, if others can predict and can tell if a certain ICO was just a scam then we can also do it in ourselves.

Kiss me

newbie

Activity: 34

Merit: 0

I think the biggest challenge is to find a bounty campaign that is not a scam

isidrorex

newbie

Activity: 210

Merit: 0

I can't see the part on your explaination on why do you hate Bitcoin but I believe that you don't trust Bitcoin and still believes in real money. Digital Money or Paper Money? that is a great comparison, but we can't change the fact that Bitcoin and cryptocurrency has a greaat future ahead and everyday they attract more and more investors but even though the success can be seen beforehand, I don't think paper money will be left out through out the world.

Bitcoinsupervisor

copper member

Activity: 210

Merit: 2

Quote from: chowderhead1976 on November 28, 2017, 03:06:00 PM

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

Bitcoin is better than a dollar. Sooner or later the dollar will collapse.
Instead of the dollar, the government plans to introduce a new currency.

Eliyo

newbie

Activity: 33

Merit: 0

Its not a matter of you being wrong, its just your opinion. The world over, national fiat currencies are economically debt backed as a means of synthesizing the cyclic flow of productive activities. You may have your reservations about bitcoin but don't feel bad. Perfect systems today started as imperfect systems years ago, so the issues of regulations among others would over times be revamped to a more convenient and acceptable stage. Just keep faith.

kauban2018

member

Activity: 271

Merit: 10

Quote from: chowderhead1976 on November 28, 2017, 03:06:00 PM

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

Bitcoin shows a good system to everyone who joined the campaign, it is not just about the US dollar that have backed by debt. Bitcoin is different from the others, you will learn not just the business itself but the values as well. Like, being patient in every post that you will have because some will be deleted so you need to fill in again, the willingness and the passion to do hardwork in order for you to earn extra income, also the politeness to understand the others opinion.

Homaun Kabir

newbie

Activity: 15

Merit: 0

We should be careful to post your knowledge about Bitcoin. Bitcoin is a medium that can be successful if you follow the rules of this forum and be more vigilant if you want to make more progress.

Idrisu

sr. member

Activity: 924

Merit: 260

Bitcoin is more of a currency than every form of money and no financial system that has a back up like bitcoin. Bitcoin is being back up by computers power and trust. Just imagine a system that is decentralized and people are using it like this is it not imagine?

Monnt

legendary

Activity: 938

Merit: 1002

Quote from: miroslavt on May 01, 2018, 02:44:37 AM

It is not very surprising that some people are not able to digest the huge price value of bitcoins as the concept is still new. With time, people will start believing it more.

I won’t say that the concept is new. It is not a new thing anymore. Bitcoin ad the whole digital market has been with us for decades now so definitely there is no novelty element in it anymore. The real scenario is people are a way too late in discovering bitcoin and that is their own fault. They are not interested in the evolving technology and are ignorant about the inventions of computer world.

Tan_avia)vl.

member

Activity: 210

Merit: 10

https://eloncity.io/

I'll visit very understand, so what currency do you support? The society develops and together with it the main exchange currency develops. Used to change goods for goods, then jewelry, food, etc. then reached the global currency, which also transformed with time. Today we are living an interesting time-we are witnessing the creation of another currency exchange.

Topic: My challenge to bitcoin - page 5. (Read 1593 times)