Topic: No one really NEED bitcoin (Read 3242 times)

The lower prices sounds like a nicety... However how do people transact and not get their faces ripped off with exchange rate volatility ranging potentially in the 100-1000's of percent on a daily basis.

I am not saying there wont be times a relative stability in price, but the average consumer has no grasp of price action, and even most professional traders look at bitcoin and laugh with the challenge it presents even to them.

Im not sure how an onslaught of new users can receive coaching and or the ability to make the right decisions at the right moment on their own.


Perhaps once full mainstream adoption becomes a reality the prices will settle quite a lot, perhaps prices in dollar will go along the way side.

Considering this, falling costs are meaningless if the general value of bitcoin itself remains undetermined.

If the concept; there are going to be entry growing pains in the bitcoin ecosystem, cost of entry IE, you buy a bitcoin but you are best waiting  a few years before actually using it, not only are massive price gains expected and completely predictable but considering this, you are best buying, waiting and holding a few years until the massive singularity moment a hyperfinancialization event takes place on this world.

I disagree about that. because I need bitcoin to buy and my business.

I was being completely sarcastic and was having fun with the OP.  This was an attempt to make a point which was to exaggerate how silly it is to say No one reall need bitcoin.  Who is this person to speak for everyone haha.  The title should say I Don't Know Anyone who needs Bitcoin" or I Don't Really Need Bitcoin.

I disagree. Bitcoin is something that will assist people in paying for things more efficiently then the status quo way of paying for things. As a result people will be able to realize lower prices. To say that someone does not need bitcoin is like saying the people need to incur higher costs

With this rationale, precious metals should do quite well, so will guns n ammo. If the state loses control of the money, all bets are off regarding everything. The world is relatively peaceful, and calm at the moment also. More people are wealthier and better off than ever before. No State, Hello ISIS or some other bad group.

Gold offers a better chance for most people than bitcoin. Even if Bitcoin takes off.. It is still an experiment, and there are likely risks we dont even know, and you are downplaying the already known risks magnitude.

Bitcoin is like an ever changing puzzle, It will be impossible for the masses to be up-to-date and in tune with every little nuance and occurrence in the bitcoin community to understand and comprehend the onslaught of information.


What if in some unknown way,bitcoin is or becomes a trojan horse of many different sorts.

Well said.

Bitcoin is an investment for now. People who understand the value of it, they keep the large part safe and make profit by trading of a little part of it.

That's like saying no one needs a cell phone or the internet or a car.  No you don't need these things but we have them for a reason, right?  It's a matter of looking at things with an open mind or from a single perspective.  If you don't want to miss out on the opportunities life gives you just don't listen and learn.
I for one try to do more listening and learning in life and less talking, but I think like all things there needs to be balance for it to work well. 

When FIATs collapse you'll see who needs BTC.

Just like no one needs silver or gold besides manufacturers but people still buy it.

Bitcoin is like water, extreme liquidity

In fact no one needed an iPhone when it was released on the market. People needed a mobile and the possibility to access the internet whereever they are. The iPhone just fulfilled their needs in one device.
When looking at bitcoin it might not be obvious why paying with it is the better solution. The point is while bitcoin as a currency fulfills the same purpose as any other form of payment it has ideological benefits. In a time where technology enables banks to track payments everywhere, where you get personalized ads based on your purchases and whatnot it's important to have a decentralized payment system. No central authority can associate your money directly to you, you're independent of the solvency of your country (atm this is a big plus!) and therefor your country can't come and seize your funds for the failure of their politics.
Of course, our existing monetary system might be super easy to use. The normal user might be used to the system in place and doesn't jump on it right now. You won't find any revolutionary movements in our developped countries anymore. For bitcoin to evolve it will slowly need to increase its usabilty. When the time is right and that might be when the next financial crisis comes, the use of bitcoin or any decentralized cryptocurrency in general will show its true advantages. And you can jump on that train either after you lost all your fiat in the next crisis or you can now at least consider the possibility cryptocurrency is a solution to our defunctional banking system and get used to it.

Not possible!? What do you mean not possible, check my sig and come on by, use and abuse my friend.

I'm sorry, I couldn't tell if you were talking about bitcoins or paper currency? Because it sounds the exact same to me you fucking moron.

No one needs an iPhone 6, but if I were to call iPhone 6 buyers retards I would expect that half the people here would be offended.

If electrical grid is up, internet is up.

If electrical grid is down, we're looking at a truly apocalyptic scenario, and everything you said is moot. If that happens, no one will be concerned whatsoever with money of any sort. They will be concerned with survival - specifically water & food, heat & shelter, medicine (especially antibiotics), and guns & bullets - in that order.

Bitcoin will not matter one iota in that scenario, and neither will any fiat, any precious metal, or any other resource that cannot be consumed or used to kill or heal. Lead (bullets) will be the only "precious metal" left, and a pound of it will be valued lower than a glass of fresh water.
 

Correct, thanks a lot for reminding us and stopping in..  I'll be sure to post up here when a few years passes, to remind you how grateful I am for warning me about what a horrible investment Bitcoin is. Also for saving me all my fiat.  I will spread your message far and wide so no need to post anymore.  Consider us all converted and your job complete, your awesome.  

The main purpose of buying BTC is getting profit. I don't think it is possible to use Bitcoin as a currency.

As private pension saving plan