No one ever sells, nor buys anything in BitCoin.. Think this is wrong, read on!

HardFacts

member

Activity: 434

Merit: 29

Quote from: pawanjain on April 10, 2020, 11:24:10 AM

A car bought for 1 BTC will stay for 1 BTC throughout the year unless it's owner doesn't changes it's price.

Obviously it's difficult now to not pair bitcoin with US dollar. But I do hope this trend will change some day.

Pawanjain, You are a TOTAL FOOL.... I bet even the biggest supporters of BitCoin are laughing at your utter stupidity.

You obviously are not smart enough to run a business, you could NEVER price a car for a fixed amount of BitCoin for an entire year, you would be out of business. The value of BitCoin changes wildly, not just compared to US Dollars, but any asset you want to measure it against, even cars....

You are a perfect example of a Cult Member, who totally rejects reality, and never lets facts get in the way of the fantasy you want to believe in.

Hard Facts

Anonylz

hero member

Activity: 2562

Merit: 577

I think occasional transactions from here there but not constant way of making transactions, I know there are some online stores that do accept btc as mode of payment but the truth is many people still rely heavily on fiat than btc, price is very unpredictable, it will be very hard to have the right price when using btc, because both buyer and seller at risk of gaining or losing with the transaction,
Only very few times I have use btc to buy something online, I buy it for investment sake than to transact with it.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Bitcoin was not meant to be converted to US dollars at all!
Everybody pairs bitcoin with US dollars while it should not be paired with any fiat currency at all.

All your examples cannot be considered valid when they are not paired with any fiat.
A car bought for 1 BTC will stay for 1 BTC throughout the year unless it's owner doesn't changes it's price.

Obviously it's difficult now to not pair bitcoin with US dollar. But I do hope this trend will change some day.

HardFacts

member

Activity: 434

Merit: 29

Quote from: Debonaire217 on April 10, 2020, 03:08:38 AM

But as time passes by, bitcoin becomes a necessity, a money that will unite nation by nation.

That will NOT, NOT, NOT happen... You are living in FANTASY LAND Roll Eyes

There are a LOT of cryptos that will better serve this purpose, but in the end it will not be BitCoin. It will likely be Federal Reserve Coin, Peoples Bank of China Coin, SDR Coin, etc. etc.

Hard Facts

Debonaire217

sr. member

Activity: 644

Merit: 364

In Code We Trust

For now I guess this is true. Why? Because people know this way they can earn money from bitcoin. But as time passes by, bitcoin becomes a necessity, a money that will unite nation by nation. With that, when a recession comes, people will find the true value of bitcoin. Would that be alright? Because as of now, for me this is induces positive effect in bitcoin as a whole. because this way we are introducing bitcoin to the world, so they can learn what it is and how it works. They might not appreciate it that much but we should keep on believing that it has its value soon, as our reserves like gold, could be traded directly for goods and services we need.

verita1

member

Activity: 1358

Merit: 81

According to my experience, I cannot save all my BTCitcoin as My precious Treasure. If all my income is based on Bitcoin and cryptos, I must go to exchange to receive FIAT for my Bitcoin. When trading I choose crypto and if I do not have crypto I must use a small amount of Bitcoin. Because I understand that we must save now in times of crisis, in this position I must play my best strategy to deal with volatility.

HardFacts

member

Activity: 434

Merit: 29

Quote from: Ronaldcoin2017 on April 09, 2020, 07:00:13 PM

Many people believe that bitcoin is more precious than gold well i think they are right, but there are also some aspect that the says maybe they are wrong.

WRONG, WRONG, WRONG, an INFINITE amount of Crypto Currencies can be created, just like Fiat.... There is nothing special about BitCoin, it has no monopoly on the Crypto Currency market. With a million crypto's they can all become worth very little.

Hard Facts

Janation

hero member

Activity: 1722

Merit: 528

Quote from: Wintersoldier on January 17, 2020, 08:05:39 PM

Quote from: FlightyPouch on January 17, 2020, 06:58:33 PM

It is already there, rules are already set but the thing here is that they still don't accept bitcoin as it is. These stores accept bitcoin through their wallet which is a fiat wallet where bitcoins are automatically converted to fiat. Despite them using bitcoin, it is still in fiat and that is really sad.

No matter if they convert it to fiats or let is stay the same currency, as long as they are pushing peoppe to use cryptocurrency, it is never a mistake by them to add bitcoin and altcoin to their system. Today, what we need are the kind of stores like these, they might not find the true value of bitcoin, still, they are the mediators of sdoption for people that are open to accept bitcoin as it is, hodl it, and keep it as valuable.

And why converting Bitcoin to fiat a way to help?

I don't see the difference in selling your Bitcoin to the exchange and this one. If people will be doing this, that just means they are just dumping their Bitcoin and obviously, in the long run, there will be an effect. We don't need to push people to use cryptocurrency, let them decide what they wanted to do, if they don't want to, it is their loss, not yours.

Ronaldcoin2017

sr. member

Activity: 1148

Merit: 300

Many people believe that bitcoin is more precious than gold well i think they are right, but there are also some aspect that the says maybe they are wrong. But for me every little action that drive everything to lose or maybe earn in crypto is always depend on how we use it or understand thing that is really difficult to understand controlling emotion in bitcoin is strictly needed.

HardFacts

member

Activity: 434

Merit: 29

Quote from: Mulann2 on April 09, 2020, 12:07:17 PM

I think you are right, I mean who are we deceiving, I doubt anyone will ever fully rely on buying anything with btc,

A lot of people here are DECEIVING THEMSELVES Cheesy

Utterly STUPID people like members of a Cult that so desperately want to believe something, that they totally ignore reality and evidence... Just look at some of the responses to this subject, complete and utter fools.

NEVER, NEVER, NEVER listen to people like that, they are the dumbest of humanity.

Hard Facts

Mulann2

member

Activity: 686

Merit: 35

I think you are right, I mean who are we deceiving, I doubt anyone will ever fully rely on buying anything with btc, I wont do that either, I guess this is the reason why btc can't be fully accepted as a means of payment or act in place of fiat, what will you do with the constant price changes, btc can only be a good investment but can not serve the purpose of fiat.

Strufmbae

member

Activity: 486

Merit: 27

HIRE ME FOR SMALL TASK

it depends in the scale soeey Cheesy

Ailurophile

member

Activity: 294

Merit: 13

★777Coin.com★ Fun BTC Casino!

We couldn't use it as you want it to be because of the volatility I think it is still too far from happening.
BTC price needs to be stable in order for the store's to use it as it is to make each price in crypto not in usd terms.

HardFacts

member

Activity: 434

Merit: 29

Quote from: fiulpro on April 09, 2020, 01:47:06 AM

I do not think it is necessary to use Bitcoins as normal money since it might do the trick but the volatility makes it a much risky matter.

FINALLY A RATIONAL PERSON... I have to agree, I would be happy if BitCoin made me a millionaire and I did not have to work anymore Cheesy

I would not care a bit if it is used for everyday transactions or not...

Hard Facts

fiulpro

hero member

Activity: 1890

Merit: 831

I do think you realize that we have a lot of problems like

limited places willing to accept Bitcoins due to volatility
people unwilling to pay to transfer fee , with lightning it is much easy but still it is not that safe.
Bitcoins being primarily used by the user as an asset rather than a form of payment
People charging more when they accept payment in Bitcoins
possibility of the person accepting Bitcoins going into a huge loss in a matter of seconds

There are a lot more , one should understand that it is not easy to find stores willing to even do that much and at the same time I do not think it is necessary to use Bitcoins as normal money since it might do the trick but the volatility makes it a much risky matter.

HardFacts

member

Activity: 434

Merit: 29

Quote from: xSkylarx on April 08, 2020, 08:28:38 PM

Bitcoin is created to be a substitute for fiat since transactions are easier.

BitCoin FAILED as a substitute to make common transactions, even the most dedicated BitCoin people know this FACT... Seriously, you have to be delusional or utterly stupid to not know this by now Roll Eyes

Hard Facts

xSkylarx

hero member

Activity: 2366

Merit: 594

If you are the store owner would you sell your bitcoin right away knowing that the price is not profitable for you and you would realize losses compared to selling your products directly in fiat? Of course not. If you are accepting crypto as payment this is common knowledge. Bitcoin is created to be a substitute for fiat since transactions are easier.

HardFacts

member

Activity: 434

Merit: 29

Quote from: rexxarofmoknathal on April 08, 2020, 05:56:51 PM

I dare to disagree with the idea that nobody buys or sells BTC anymore. The fact of the matter is that compared to how it was before the pandemic the BTC market is becoming more dynamic since more and more people either sell BTC for quick and much needed cash while others buy in in anticipation of the forking event. All in all, BTC market has become more dynamic now than it was a couple of months ago with people mainly holding.

YOU DO NOT UNDERSTAND GRADE SCHOOL LEVEL ENGLISH: You are talking about trading BitCoin for US Dollars and vice versa... That is far different than pricing goods and services in BitCoin and using only BitCoin as a currency.

WISE UP...

rexxarofmoknathal

sr. member

Activity: 980

Merit: 260

I dare to disagree with the idea that nobody buys or sells BTC anymore. The fact of the matter is that compared to how it was before the pandemic the BTC market is becoming more dynamic since more and more people either sell BTC for quick and much needed cash while others buy in in anticipation of the forking event. All in all, BTC market has become more dynamic now than it was a couple of months ago with people mainly holding.

HardFacts

member

Activity: 434

Merit: 29

Quote from: Webetcoins on January 19, 2020, 12:19:46 PM

This is not a dumb statement, this is true that prices fluctuate suddenly, you don’t know what will happen in future. But, let’s not take it as a discouragement for long term business. People do invest in long term business also, investing and then holding your coins can give you benefit, and you will not always lose

You obviously know ZERO about running a business... A business can not price products, or services in BitCoin that can vary wildly in value from day to day, but it up or down... Try charging RENT on a house for say 1/2 BitCoin per month, that could be fine last month, the price of BitCoin going up would make your rent crazy expensive in just one month later, leaving you with no tenants. Same problem for pricing products, services, etc in BitCoin, moves both up and down can be bad and make stable business impossible.

You are the typical FOOL that thinks he knows something, but in reality is totally ignorant.

Hard Facts

Topic: No one ever sells, nor buys anything in BitCoin.. Think this is wrong, read on! (Read 1022 times)