What do you think of the current status of Bitcoin? - page 5.

Hamphser

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Quote from: Yamifoud on December 11, 2019, 10:27:12 AM

Quote from: marcous on December 11, 2019, 08:12:54 AM

Well, indirectly many argue that bitcoin has little resemblance to the Ponzi scheme. prices that increase dramatically in 2017 and then crashed in 2018 until now are very unnatural. I personally can not describe the details, but as if there was manipulation in every news about Bitcoin

Cause people think that Bitcoin is out from reality and makes them think that this is another form of scamming activity.
Believe that the current market trend isn't a big drama between whales, and also I don't think that there is a huge market manipulation bringing to a long bearish season of crypto. Even though if the market will continue to show like this till next year, but my trust in the system is still there. I don't want to blame the whales cause they do things that they think are right.

You can't blame the other people for not trusting bitcoin now because I think they have their own reasons why they have to be that way. Some people may think it is another scam due to the misinformation they got from someone somewhere. Whales are already in the market nothing we could do to avoid it let's just follow their lead there's nothing wrong with that.

Yamifoud

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Quote from: marcous on December 11, 2019, 08:12:54 AM

Well, indirectly many argue that bitcoin has little resemblance to the Ponzi scheme. prices that increase dramatically in 2017 and then crashed in 2018 until now are very unnatural. I personally can not describe the details, but as if there was manipulation in every news about Bitcoin

Cause people think that Bitcoin is out from reality and makes them think that this is another form of scamming activity.
Believe that the current market trend isn't a big drama between whales, and also I don't think that there is a huge market manipulation bringing to a long bearish season of crypto. Even though if the market will continue to show like this till next year, but my trust in the system is still there. I don't want to blame the whales cause they do things that they think are right.

Bonenx14

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Quote from: Eclipse26 on December 11, 2019, 10:18:29 AM

Rather than talking about the price, as an overall insight about bitcoin, Bitcoin community is continuously growing every year. A lot issues and problems Bitcoin had faces through the years but it still remains the same– even stronger actually... We are slowly by slowly moving forward to mass adoption. It will take quite a lot of time, but as long as we keep on believing in Bitcoin, they can't stop its growth.

bitcoin development from year to year in my opinion continues to increase, now many countries have begun to talk about it plus the adoption of blockchain technology which is currently starting to be used, for example in France they plan to adopt this technology for learning. so I think bitcoin will continue to grow with the technology it has

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Rather than talking about the price, as an overall insight about bitcoin, Bitcoin community is continuously growing every year. A lot issues and problems Bitcoin had faces through the years but it still remains the same– even stronger actually... We are slowly by slowly moving forward to mass adoption. It will take quite a lot of time, but as long as we keep on believing in Bitcoin, they can't stop its growth.

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Quote from: dioanna on December 11, 2019, 10:05:40 AM

I am done speculating about bitcoin status, no one can actually predict it's just when you believe in bitcoin
you just have to wait. Do some buying of alts I guess as well while waiting.

It seems to buy something in a market that is so unclear, so risky, at least waiting is far better than losing money bro, so it doesn't hurt if someone waits for moments to come at all altcoin / bitcoin prices later on ... .

Edraket31

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Quote from: dioanna on December 11, 2019, 10:05:40 AM

I am done speculating about bitcoin status, no one can actually predict it's just when you believe in bitcoin
you just have to wait. Do some buying of alts I guess as well while waiting.

No one can actually predict on it but we can always see the positive side, as the price is becoming stable and I think that we will have at least good price before the end of the year, but of course if our expectation did not met, let's not lose our hope as this is not yet the end of the year, and yet we can still establish more earnings in the future not only in Bitcoin.

dioanna

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I am done speculating about bitcoin status, no one can actually predict it's just when you believe in bitcoin
you just have to wait. Do some buying of alts I guess as well while waiting.

yoseph

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Quote from: The Sceptical Chymist on December 10, 2019, 09:56:48 PM

Quote from: codegnome on December 10, 2019, 01:36:10 PM

Still a long way to go before coming into mainstream payment system.

Yep, but I have doubts as to whether that's actually going to happen. Ever. As it stands, people are very happy using their smartphones, debit cards, or cash to pay for things--and those payment methods have worked just fine for a very long time. It would take a crisis of unimaginable magnitude for bitcoin to become the go-to currency for daily spending. As for me, I'm not going to hold my breath and I'm fine with bitcoin being an investment.

However, bitcoin really is a good currency for people who want a measure of privacy when buying things online. You can't do that with paper money. And bitcoin has achieved some adoption with web merchants, so that's progress.

I agree that we may never see retailers actually starting to accept Bitcoins as a means of payment because I saw how readily most retailers were when it came to them accepting Facebooks Libra but they don't give notice to Bitcoins because they fear they might lose money when the Price of Bitcoins falls but with Libra as the same value of the dollar they have no fears of that happening.

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Quote from: pakhitheboss on December 10, 2019, 12:21:32 PM

If I only think about the Fiat value of Bitcoin now and what it was 4 years back there is a huge upward swing.

This kind of view changed a lot with me. I am not looking much to the value now. Just want to hoard more as long as I can afford it.

Quote from: pakhitheboss on December 10, 2019, 12:21:32 PM

If I think about its adoption then and now there are so many websites accepting Bitcoin.

Not yet, bitcoin is not that much seen with web stores by now. They are still accepting the most known like Paypal and others which have the same services. As long as has the same value as fiat.

Quote from: pakhitheboss on December 10, 2019, 12:21:32 PM

If I think about how difficult was to understand this concept, there are amazing articles on the Internet to help you.

Doesn't need an article. You are already here. Why go far? Grin

pundit

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If we take into account the price of Bitcoin price in 2015-2016 then Bitcoin has increased many folds but the the its trading much below from all time high in end of 2017. Bitcoin is not a ponzi scheme for sure, its price depends upon demand and supply as of any financial market but it is highly volatile. Bitcoin has given recolonization to blockchain technology, its reach is increasing day by day. I believe Bitcoin will be accepted by many big giants in future and its value shall increase.

Dart18

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It is still a baby so many things we could consider to happen in the next years to come.

Bitcoin.
Recently, I talked with a guy about it out of nowhere. First it was because of me asking if he have the other option to which I could pay since I didn't bring much cash and I see a lot of good items in his store.
Negative. Just cash. Then, the story started.
He bought bitcoin at 13k and then said to me that he forgot about it and asked how much bitcoin is by now.
I said 7k then more story came out.

These guy is a merchant and he believes in bitcoin but yet he could not afford to make it as one of the payment option.
He says it might become a disaster.
We should really wait for that.
Once this merchant see more clarity in what bitcoin could really do then it will be a blast.

AicecreaME

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Quote from: pakhitheboss on December 10, 2019, 12:21:32 PM

If I think about Is Bitcoin a Ponzi Scheme there are so many articles arguing Bitcoin legitimacy to those MLM schemes.

Bitcoin is not a ponzi scheme but ponzi schemes uses it to scam people, and therefore people think that it is a ponzi scheme, but it is really not, i.e. fiat is also being use in illegal activities, corruption, fraud, and even scamming people, yet, they do still love it beyond those cruel things that is happening 'till now in the society, you might ask what is the reason why people still trust fiat, well it is because the Government says so.

We always listen to the Government having this mindset that they all know what's the best for us and they will not recommend something that will be bad for us, no, that is entirely wrong, fiat is worst than cryptocurrency, that is all to that.

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Quote from: pakhitheboss on December 10, 2019, 12:21:32 PM

Hi, all!

I just wanted to ask what you think we as a community achieved in 2019.

For me every year and every day has been amazing and awesome!!

Although, there are many issues with Bitcoin but considering what it was in 2016 what it is now? Bitcoin is known! Why?

If I only think about the Fiat value of Bitcoin now and what it was 4 years back there is a huge upward swing.
If I think about its adoption then and now there are so many websites accepting Bitcoin.
If I think about Is Bitcoin a Ponzi Scheme there are so many articles arguing Bitcoin legitimacy to those MLM schemes.
If I think about how difficult was to understand this concept, there are amazing articles on the Internet to help you.

I know there are so many reasons but, I cannot recall all of those.

Write it down below if I have missed something.

Bitcoin and cryptocurrencies have seem to have stagnated as of late. Bitcoin is stuck around $7500 per coin. It's having a difficult time crossing the threshold of and staying above the $8000 price mark.
The best thing to do is to remain optimistic, hoping for a successful and bright future.

Asuspawer09

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Quote from: pakhitheboss on December 10, 2019, 12:21:32 PM

Hi, all!

I just wanted to ask what you think we as a community achieved in 2019.

For me every year and every day has been amazing and awesome!!

Although, there are many issues with Bitcoin but considering what it was in 2016 what it is now? Bitcoin is known! Why?

If I only think about the Fiat value of Bitcoin now and what it was 4 years back there is a huge upward swing.
If I think about its adoption then and now there are so many websites accepting Bitcoin.
If I think about Is Bitcoin a Ponzi Scheme there are so many articles arguing Bitcoin legitimacy to those MLM schemes.
If I think about how difficult was to understand this concept, there are amazing articles on the Internet to help you.

I know there are so many reasons but, I cannot recall all of those.

Write it down below if I have missed something.

Comparing the bitcoin in 2016 in today's bitcoin we could all agree that the bitcoin completely improved through the past years.
Surely the bitcoin community is not bigger in the past year the market of bitcoin is also so volatile which is a good thing for investment and investors to circular the investment.
A lot of company is considering bitcoin as a good asset for their company and we could see that bitcoin this day is not being used in a lot of transactions online.

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Quote from: Murat on December 10, 2019, 10:53:49 PM

I think this 2019 year hasn't brought to us any special issue on the Bitcoin context, It's true that the whole world has been suffering a lot of on the monetary system, so Bitcoin is not out of this system, Here the international politics and policies are also involved for the further flourishing Bitcoin or other anything, but if you have looked for the technological aspect then you see the up-gradation of Bitcoin. But the value of Bitcoin is not an eye-catcher during this year, Most of Bitcoin user has a strong expectation that the price of Bitcoin would get high but it's a disappointing matter year for me.

Even there are no big changes in the price of Bitcoin still it acquired a something else that could be a big impact sooner. I am pertaining to the adoption of some countries and big businesses. This massive adoption could give potential growth to the value of Bitcoin in the future, we may not feel it yet but perhaps after the bearish market, we might feel the changes. Regarding the Bitcoin's value, I think it still eye-catcher but not the same as like it before. Frankly, we are getting used to for Bitcoin having a huge price that is why by making a little dip folks are making FUD.

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Well, indirectly many argue that bitcoin has little resemblance to the Ponzi scheme. prices that increase dramatically in 2017 and then crashed in 2018 until now are very unnatural. I personally can not describe the details, but as if there was manipulation in every news about Bitcoin

AliMan

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Quote from: Murat on December 10, 2019, 10:53:49 PM

I think this 2019 year hasn't brought to us any special issue on the Bitcoin context, It's true that the whole world has been suffering a lot of on the monetary system, so Bitcoin is not out of this system, Here the international politics and policies are also involved for the further flourishing Bitcoin or other anything, but if you have looked for the technological aspect then you see the up-gradation of Bitcoin. But the value of Bitcoin is not an eye-catcher during this year, Most of Bitcoin user has a strong expectation that the price of Bitcoin would get high but it's a disappointing matter year for me.

Just chill out and don't bother thinking of that matter of being disappointed. Make that bad experience to our strength, and by the we grow more mature in growing our asset within long term period. This status maybe can motivate us to pursue the failed dreams. Don't over expect, always prepare for the best that you can and never be discourage immediately because our lives is like a rolling strone of success.

Ridwan Fauzi

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There is a payment system platform who decided to accept bitcoin which is mean in my country bitcoin will be widely known. This is just the matter of time, we will see some people who get interest to bitcoin has been popping up and learn how bitcoin and cryptocurrency is.

Digitalization will change everyone's mindset and I'm sure bitcoin will be easily be understood by people. And they will compel to their government in order to accept and recognize the utilzation of bitcoin. And I hope 2020 is the right year to achieve that.

alani123

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I am glad that I see further adoption of technologies like lightning. If we see more such attempts to build upon the trustlesness of BTC and its immutable POW decentralization while maintaining these advantages, I'm sure we'll be coming closer to a viable replacement for FIAT.

hatshepsut93

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Bitcoin today is undisputed king of crypto - in 2017 there was time when ETH came close to flipping it, and many people thought that shitcoins will actually replace Bitcoin, because of cheaper fees or more features, but time has proven that Bitcoin's fundamentals are much stronger than all shitcoins combined.

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