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Topic: They believe that Bitcoin is outdated due to a misunderstanding. - page 2. (Read 232 times)

legendary
Activity: 2352
Merit: 6089
bitcoindata.science
Bitcoin started the trend for blockchain technology, and we're thankful for that. But it doesn't really do what it originally meant to do anymore.

Most people who invest in Bitcoin plan to keep it for a long time, like around 80%, according to statistics. The current idea that seems like a sure thing is to buy small amounts over time and hold onto it.

Remember when Bitcoin was supposed to be used for sending money directly to each other? I know there are ways to make it faster and cheaper, but there are newer and better choices now. Plus, the price needs to be steadier to work as money you can use every day.


You are 5 years late Man. Block size wars was long ago.

Bitcoin is decentralized,  this is what matters most. Additionally,  everyone here in this forum use it as a payment method with on chain transactions.  They are not expensive.

Additionally,  according to satoshi message in block genesis, bitcoin is also a resevrr of value. To protect people against there corrupted bank system.

Quote
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks
sr. member
Activity: 1148
Merit: 346
Bitcoin started the trend for blockchain technology, and we're thankful for that. But it doesn't really do what it originally meant to do anymore.

Most people who invest in Bitcoin plan to keep it for a long time, like around 80%, according to statistics. The current idea that seems like a sure thing is to buy small amounts over time and hold onto it.

Remember when Bitcoin was supposed to be used for sending money directly to each other? I know there are ways to make it faster and cheaper, but there are newer and better choices now. Plus, the price needs to be steadier to work as money you can use every day.

Some people say Bitcoin is great to keep your money safe. I don't get that. A good way to keep your money safe means its value doesn't change much. But Bitcoin's value goes up and down a lot, so it's risky. Why trade the safety of government-backed insurance for something that can change so much?

Also, the price is going up mainly because people think it will. Everyone's buying Bitcoin because they think "it went up before, so it will again." Or "it's the main cryptocurrency, so it's valuable." But is it really useful or is it just worth more than it should be? I think it's the second one. And saying other coins should be worth as much as Bitcoin is crazy. Some of those new coins are already being used and have real value.

Bitcoin will continue to go up and people will either begin to use it as it was intended again or is it possible for it to become obsolete.


Op actually It takes time for me to understand what you wrote in your topic when I first read your topic it's sound  useless for me and Yes what are they talking about about is like you've copy this  on Google and paste it here in the forum and you've claim that this is your work. Which is once you caught for sure you will regret.

Op the Price of  Bitcoin is volatile which means you can not predict when it goes up and down so you need to be careful if you have the plan to invest in Bitcoin You need to study in it .
hero member
Activity: 1050
Merit: 592
God is great
One thing you need to understand about bitcoin is that it is volatile in nature which it goes up and down. The fall of the market price that took place some days ago is nothing new in the market,  what we are experiencing in the market has always been there since the existence of bitcoin , that is why you need to understand it first before investing. Bitcoin is not what you should run into without considering the volatility of the market. Bitcoin is profitable if only you can have good patience with market to hodl, it is not something you just have a mindset of making money from it so fast, with such mindset you will be disappointed.
sr. member
Activity: 1316
Merit: 422
Catalog Websites
I agree with @Findingnemo No sync to the title and context you wrote, when reading the title it has nothing to do with the context written in Op. I agree with what you explained in the Op about all the advantages of Bitcoin even though the context is incomplete, at least you have a good understanding of the direction and goals of Bitcoin.
People will continue to use Bitcoin because of the great potential in it, the wider adoption of Bitcoin makes people's interest more and more in the future.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
Who is they?

No sync to the title and context you wrote in OP.

Even the post doesn't look complete, it must be copied parts by parts from somewhere which is why there is no continuation in the content.
full member
Activity: 490
Merit: 225
Bitcoin started the trend for blockchain technology, and we're thankful for that. But it doesn't really do what it originally meant to do anymore.

Most people who invest in Bitcoin plan to keep it for a long time, like around 80%, according to statistics. The current idea that seems like a sure thing is to buy small amounts over time and hold onto it.

Remember when Bitcoin was supposed to be used for sending money directly to each other? I know there are ways to make it faster and cheaper, but there are newer and better choices now. Plus, the price needs to be steadier to work as money you can use every day.

Some people say Bitcoin is great to keep your money safe. I don't get that. A good way to keep your money safe means its value doesn't change much. But Bitcoin's value goes up and down a lot, so it's risky. Why trade the safety of government-backed insurance for something that can change so much?

Also, the price is going up mainly because people think it will. Everyone's buying Bitcoin because they think "it went up before, so it will again." Or "it's the main cryptocurrency, so it's valuable." But is it really useful or is it just worth more than it should be? I think it's the second one. And saying other coins should be worth as much as Bitcoin is crazy. Some of those new coins are already being used and have real value.

Bitcoin will continue to go up and people will either begin to use it as it was intended again or is it possible for it to become obsolete.
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