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Topic: What is the collateral behind Bitcoin? - page 2. (Read 466 times)

legendary
Activity: 2744
Merit: 2462
https://JetCash.com
July 20, 2018, 09:30:46 AM
#56
Why do you guys keep trotting out rehashed versions of the misinformation that has been posted dozens of times in this thread.

Here is the Oxford dictionary definition of collateral
Quote
Something pledged as security for repayment of a loan, to be forfeited in the event of a default.

It is little wonder that you don't get any merits for your posts.
newbie
Activity: 29
Merit: 0
July 20, 2018, 09:17:39 AM
#55
There is no collateral for bitcoin because bitcoin is a decentralized and volatile and investors purchase bitcoins and hold till price not move upward and take profit. for bitcoin movement need demand and supply and whenever this happen then bitcoin will be exist in the crypto market.
full member
Activity: 700
Merit: 101
BBOD Trading Platform
July 20, 2018, 09:13:09 AM
#54
What is the collateral behind Bitcoin?Like in case of Fixed deposits Money deposited acts as a collateral.In case of a car loan Car acts as a collateral.Likewise what is collateral behind Bitcoin? BTCBTC
transparent, decentralized with excellent blockchain technology, so there is no grammatical term for crypto currency like bitcoin.
judtru is one of the reasons why bitcoin is very liked and very in demand by many people around the world
member
Activity: 294
Merit: 10
July 20, 2018, 07:43:26 AM
#53
I think that there is no any collateral behind BTC. This is due to the fact that people just believe in its value and don't doubt it. i do the same, i think it is the best one
newbie
Activity: 28
Merit: 0
July 20, 2018, 07:40:59 AM
#52
Bitcoin is not some kind of loan to need a collateral. You straight up trade your cash for bitcoin. Not some kind of loan that you have to pay monthly.
full member
Activity: 348
Merit: 100
July 20, 2018, 01:27:07 AM
#51
       There is no collateral behind Bitcoin it is a digital decentralized currency, at the beginning there was no value in Bitcoin but since it was a decentralized one  (that means no intermediaries) and so the transaction was easy and low cost , and could be used world wide , it is an online mode of payment that anyone can use all over the globe without any obstacles to reach the destination and even help those who are in need without going to exchange their money in any exchanges.These benefits people accepted and there arises more demand in Bitcoin.
sr. member
Activity: 714
Merit: 260
July 20, 2018, 01:24:40 AM
#50
What is the collateral behind Bitcoin?Like in case of Fixed deposits Money deposited acts as a collateral.In case of a car loan Car acts as a collateral.Likewise what is collateral behind Bitcoin? BTCBTC

Engaging into cryptocurrency deals requires no collateral since this community s about trust not assurance because if you want to compared this into fiats then better use physical money.because theres nothing who can give you any collateral

So its your choice of what to use,but if collateral is what you want then expect nothing
newbie
Activity: 25
Merit: 0
July 20, 2018, 01:23:40 AM
#49
Th
People using it, believing in it is the collateral behind Bitcoin. The day people stop believing in it will be the day, Bitcoin will lose it's value.
Yeah it's the trust of people on Bitcoin, trust is the best collateral for sure but it's quite vurnerable also and who know once day Bitcoin will lose it and become valueless.
hero member
Activity: 2520
Merit: 952
July 20, 2018, 01:14:53 AM
#48
People using it, believing in it is the collateral behind Bitcoin. The day people stop believing in it will be the day, Bitcoin will lose it's value.
sr. member
Activity: 812
Merit: 256
July 20, 2018, 01:10:05 AM
#47
What is the collateral behind Bitcoin?Like in case of Fixed deposits Money deposited acts as a collateral.In case of a car loan Car acts as a collateral.Likewise what is collateral behind Bitcoin? BTCBTC
I do not think, Bitcoin's collateral is the trust of users and investors in a new payment method! Can be widely used in the future!
full member
Activity: 658
Merit: 126
July 20, 2018, 12:44:40 AM
#46
You can only determine collateral when there's agreement exist so I believe that collateral behind bitcoin doesn't really exist. Furthermore, Bitcoin is clearly decentralized so this is your own choice to participate or not.
full member
Activity: 938
Merit: 137
July 20, 2018, 12:19:07 AM
#45
What is the collateral behind Bitcoin?Like in case of Fixed deposits Money deposited acts as a collateral.In case of a car loan Car acts as a collateral.Likewise what is collateral behind Bitcoin? BTCBTC
I do not think that bitcoin can act as an object of pledge. In the case of investing money in the bank for deposit storage, this amount of money is not considered as a pledge. It is transferred to the bank for determining the time in operational control. The Bank has the right to use these funds to perform various banking operations and make profit. Part of this profit is then paid to the person who transferred his money to deposit storage.
Bitcoin, I think, can not be used for transfer to deposit storage in a bank or as a mortgaged property, because it is too volatile in price and banks will not be so risky.
sr. member
Activity: 1260
Merit: 390
July 19, 2018, 11:55:20 PM
#44
What is the collateral behind Bitcoin?Like in case of Fixed deposits Money deposited acts as a collateral.In case of a car loan Car acts as a collateral.Likewise what is collateral behind Bitcoin? BTCBTC

What is the collateral behind your local Fiat currency? the value of it right? so it same goes with Bitcoin. For as long as it has a market capitalization then the collateral of is the value itself.

Bitcoin is a currency, and intangible. Know your facts.
member
Activity: 169
Merit: 18
July 19, 2018, 11:42:50 PM
#43
What is the collateral behind Bitcoin?Like in case of Fixed deposits Money deposited acts as a collateral.In case of a car loan Car acts as a collateral.Likewise what is collateral behind Bitcoin? BTCBTC

I liked your question but analogy of car vs car loan does not fit here because Bitcoin is not a physical good.

So exact question will be what makes BTC valuable. Below are the some factor.

Ease of transfer: No need to go to any third party, you are in full control of your money.
Transaction fees : They are constant for each transaction and do not depend upon how much you are sending but instead they depend upon your input/output, so it will be cheaper fpr big transaction.
Anonymous : You do not need to upload all your personal details  in internet to do an online transaction. For any other mode of online transaction you need to verify your phone number, address and so on.
full member
Activity: 406
Merit: 100
July 19, 2018, 10:50:58 PM
#42
collateral-this is about physical currency, not about crypto-currency. Bitcoin is decentralized and has no collateral or collateral,it has value in itself.It is not clear why many people perceive bitcoin as a loan?
full member
Activity: 812
Merit: 101
July 19, 2018, 10:14:17 PM
#41
there is no collateral behind bitcoin, bitcoin only has credibility and excellent quality, so bitcoin can survive and uptrend in 2017.

whales, investors, and all people who support bitcoin make bitcoin survive, bitcoin is not bubble or ponzi. bitcoin is the same with other currencies, but only different shapes.
newbie
Activity: 168
Merit: 0
July 19, 2018, 08:26:50 PM
#40
Bitcoin doesn't have collateral. It is a decentralized currency which is used to do transactions. We cannot take a loan, either it can be used as bonds. Besides, the price very fluctuates. People need to believe it to accept it.
hero member
Activity: 1666
Merit: 753
July 19, 2018, 07:50:52 PM
#39
Bitcoin is not an interest bearing loan.

Colletaral is only used when you've got someone who wants a loan, and it is filled with some sort of item with equal or more value held by the lender to liquidate in case the borrower defaults on the loan. That's what a collateral is.

Bitcoin is not based on debt. Bitcoin is a currency, and currencies don't need collateral to back it. For example, precious metals don't have collateral backing, nor do fiat currencies.

Though of course, bitcoin is much better as "money" and store of wealth compared to fiat because its supply isn't centralised.
newbie
Activity: 126
Merit: 0
July 19, 2018, 07:08:36 PM
#38
There is no collateral behind BTC, and no organization or government guarantees BTC!
The value of BTC is that people are returning to investment through other trusts! The value of Bitcoin is accumulating a little bit with the increase in the number of users.
member
Activity: 448
Merit: 10
July 19, 2018, 05:41:16 PM
#37
Actually, there is no collateral when people invest with bitcoin wherein I would say people should have the right knowledge when participating in doing investment.  People should accept that there is always a risk involved in btc but that risk would be a minimal one if you acquire the skills in analyzing the market trend. The best thing to do is hold when it dip and sell when the market goes up and that will depend on your decision.
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