Topic: We're al getting it wrong - page 2. (Read 485 times)

this https://www.youtube.com/watch?v=u_CSI80xBxU

I have a prepaid phone plan, so I buy phone credit using Bitcoin on BitRefill. There are a couple of establishments on the island that I live on that accept Bitcoin, so that's how I pay. I pay my rent in Bitcoin. I pay one of my vendors for IT services in Bitcoin on a monthly basis. I don't know about you, but as much as I hodl Bitcoin, I do use it as a currency for services and goods on a regular basis.

you can not do anything about bitcoin's volatility unless you ask new people to not start using bitcoin anymore! and that is impossible thing to do. as we move forward we also see an increase in adoption and that will not only bring in more people and more money but also it will bring a lot of newbies in with weak hands.

there is also another problem that must be addressed in some way. and that is the issue with exchanges and how they are too small. at first look it may seem there is a packed orderbook there but in reality when you compare it with the volume sometimes you see it is not enough to keep a more stable price.
we need more trustworthy exchanges with more packed orderbooks to reduce this volatility.

in time as volatility reduces, we can go back to roots. and focus on bitcoin being a currency and needs to be used that way.

Given enough purchasing power, anything can be manipulated. And govs/banks have a lot of purchasing power and have absolutely no reason to let Bitcoin exist.

That said, you have to understand the following about the 'system' we live in :
For the decision takers an ordinary human life doesn't count. It is a pure economical reasoning in this case ; the people serve them and not the other way around. You are being fed and taken care of because you make them money. Not the other way around. If you don't bring them money or labour, they (the system) won't feed you or want make sure you get medical care. At the very least you get the very basic in order for you not to become a revolutionary against the system because you have nothing to loose.

The general interest, or the interest of a nation doesn't exist. What does exist though is the interest of politicians, decision takers. And for them you, me, nobody of us count and have a value. For them you are being fed, so you can bring money to their system so they can profit from it. Like a cow is fed to produce milk or flesh for its masters to eat...

And as far as what the truth is concerned : it doesn't exist, never has. Truth is what one is willing to believe. For a Palestinian father who sees his son shot by an Israelian soldier, the Israelites are devils. For the Israelian father who sees his son being blown up, the Palestinians are murders/devils. The truth doesn't exist, never has.
The truth only exists in sience.

Sorry, but I've lost my illusions in this world already.

Profit is going to be the biggest driving force with most people. If bitcoin was valued at the same as it was more than 5 years ago there would not be the same level of interest as what there is now. As long as there is fiat people will always look back to that instead of using bitcoin to its full potential.

No one is getting it right perfectly.

As far as i know there is no one controlling crypto currency tgeir value was always depend on the supply and demand by their investors. Yes bitcoin would be our alternative source of financial, no one knows why satoshi/bitcoin was created the important is we need to give more support in crypto currencies to make them exist for long period of time.

Wrong. Satoshi meant it mainly as an alternative to the current banking system, where the value of money is centrally controlled and abused.
Like I said, they create the volatility in the bitcoin system with the vast amounts of money they have in order to destabilize it.

How many places do you know in your day to day life where you can pay with bitcoin. In my case : 0.

Well I honesty accept that I also want to have a profit. I am against you since most in this forum deserves to be payed for their hard work. Bitcoin was created so that the users of it will be able to shape it in its many ways. The role of bitcoin in the world is not for us to control the money, but to create a new financial system that is more advance.

That's a very interesting point. Did you try to figure out which could be the percentage of the Bitcoins which get traded versus the total supply?

You’re proving a double standard, OP. because we are free to do with crypto as we please, we can use it freely for whatever we want. It’s not just meant for holding. It’s not just meant for trading. It’s not just meant for exchanging into your preferred fiat. It’s meant to do whatever you want. That’s the true nature of why Bitcoin was invented. Part of having control over your money is also having control to do with it as you please. And if people choose to make a profit on crypto, then so be it. There’s no sense in criticizing people for fighting over it, as that’s just the nature of any currency in general.

This is exactly what I always say. People talk about "cashing out" and I'm just like omg... Really? It is a currency you have missed the point. People exchange bitcoin for useless fiat. It is not what bitcoin was made for. It is a currency so spend it.



Yes it was. Miners have nothing to do with how high the fees are. People who make transactions choose the fees. It is like bidding and whoever bids highest gets their transaction solved first.

I am more fond of using this kind of digital currency rather fiat. Its because of the innovation it brings to our monetary system. I believe that the system can change their minds once some country adopt to it. Digital money has more uses than fiats thats why many people are unto it but not the government or banks. They somehow lose clients for investment and currency exchange because of bitcoin and i think this is some reasons why.

Was not us who put the fees up to silly prices and we don't like being mugged by miner

the thing here is that most people still dont see utility in having bitcoin.. people are just buying now to sell higher later ! once most people realise how good it is to have bitcoin instead of fiat, it will make more sense for them

Not yet, there's still a number of places that remain untouched by Bitcoin and it'll probably be even longer before they start to feel the influence. The financial sector has been the only one which has experienced any kind of significant kind of impact from the rise of Bitcoin (and the rest of the cryptocurrency community in general). The blockchain is the primary technology that has everyone talking anyways, and it still has a niche role to fill in the economy at large. It's not super popular yet and everyone is still looking at it and trying to figure out just how to use it best. That's not something you can walk into and easily determine.

And it's still doing it. Just look at the volume that's being traded. It's always the same numbers being sold and bought back. Traders are bored so they're entertaining themselves the only way they know. Most people are still holding.Only a small fraction of existing coins is being traded.


Are you talking to those who are complaining about constant sideways movement or to the traders who are causing it?

Yess! And it effects global economy all sectors 

The best part of BTC right now is its volatility. So we can`t stop to follow the tradeline