What if Bitcoin Never increases in "Value"? - page 4.

MF Doom

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Quote from: franky1 on October 31, 2014, 03:00:15 PM

Quote from: bitcoinbot on October 31, 2014, 02:36:55 PM

True but I didn't read the other 999 trillion threads.

I have another question. irrelevant what happens to the price in 10 years time will still have to buy bitcoin with fiat or can I buy bitcoin another way?

infact overstock right now buys bitcoins by handing people goods and products
infact dell right now buys bitcoins by handing people computers

and in turn sells bitcoins for fiat. so essentially just more selling of bitcoins

franky1

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Quote from: bitcoinbot on October 31, 2014, 02:36:55 PM

True but I didn't read the other 999 trillion threads.

I have another question. irrelevant what happens to the price in 10 years time will still have to buy bitcoin with fiat or can I buy bitcoin another way?

yes you can buy bitcoin with ANTHING.

infact overstock right now buys bitcoins by handing people goods and products
infact dell right now buys bitcoins by handing people computers
alpaca socks buys bitcoins by handing people socks
foodler buys bitcoins by handing people fast food.

if you are a business selling products, you too can buy bitcoins, not with fiat but by handing people your goods and they hand you bitcoins.

a future vision many people have is that at some point grocery stores will swap bread, milk and toilet paper for bitcoin and pay their staff in bitcoin

LiteCoinGuy

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In Satoshi I Trust

Quote from: axel2078 on October 31, 2014, 02:28:46 PM

Why do people think it's a Ponzi scheme? Isn't the whole point of a ponzi scheme that it is centralized? Bitcoin is decentralized and no one owns it or manages it.

stock market is a bigger Ponzi scheme Wink

totemITnow

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Quote from: bitcoinbot on October 31, 2014, 02:36:55 PM

I have another question. irrelevant what happens to the price in 10 years time will still have to buy bitcoin with fiat or can I buy bitcoin another way?

I guess normal people could just earn Bitcoins instead of local currency in ten years.

Harvey Specter

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What if? Well a lot of people will lose some money but a lot of people will be disappointed that this revoultionay system didn't work.

bitcoinbot

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Quote from: TheButterZone on October 31, 2014, 02:32:06 PM

My attitude is that 999 trillion topics about this subject are...

https://www.youtube.com/watch?v=07So_lJQyqw

True but I didn't read the other 999 trillion threads.

I have another question. irrelevant what happens to the price in 10 years time will still have to buy bitcoin with fiat or can I buy bitcoin another way?

over1977v

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Quote from: bitcoinbot on October 31, 2014, 02:25:54 PM

what if Bitcoin does nothing, it just sticks around the £200 - £250 mark forever?

It would mean Bitcoin is slowly losing value at the same rate as GBP.

Did you ever saw stable USD versus GBP, and these currencies have very high trading daily volume.

TheButterZone

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RIP Mommy

My attitude is that 999 trillion topics about this subject are...

https://www.youtube.com/watch?v=07So_lJQyqw

Orangina

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and now ... suddenly got paranoid Cry

seriously , each time I decide & say "I will just buy 1-2 BTC & hold them, I'am pretty sure the price will rise" ... then I found simillar thread like yours Cry

Anyway , idk I guess it's a good thing if it get stable value but I would like to see the price rising & rising to earn some money

MF Doom

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Quote from: bitcoinbot on October 31, 2014, 02:25:54 PM

When valued against USD or GBP.

I know a lot of people believe it's gonna go to the moon.. or at least rise steadily into the 1000's of dollars and a lot of people believe it's a Ponzi scheme which will eventually leave Bitcoin worthless but what if Bitcoin does nothing, it just sticks around the £200 - £250 mark forever?

It certainly would make it more usable! If I buy some bitcoins today and dont get them for 4 business days (I usually use coinbase) I could end up with 10-25% less buying power. If price stabilizes, I think it ultimately would be good, although a lot of people are here ONLY cause they think the price will go back up

axel2078

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Why do people think it's a Ponzi scheme? Isn't the whole point of a ponzi scheme that it is centralized? Bitcoin is decentralized and no one owns it or manages it.

bitcoinbot

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When valued against USD or GBP.

I know a lot of people believe it's gonna go to the moon.. or at least rise steadily into the 1000's of dollars and a lot of people believe it's a Ponzi scheme which will eventually leave Bitcoin worthless but what if Bitcoin does nothing, it just sticks around the £200 - £250 mark forever?

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