What is the use of bitcoin? What is its value? - page 2.

Juggy777

hero member

Activity: 2646

Merit: 686

Quote from: rontme on January 25, 2018, 09:55:51 PM

Some people think bitcoin is a bubble, what is its meaning and value?

Those are the people who said earth isn't round but what happened in the end. Bitcoin is a crypto currency and it's not a bubble. This is the fud spread by the government and centralised banker's as they're loosing control over users. They cannot see us achieving financial freedom, and they'll do everything they can to stop us, but we shall never back out.

Bitcoin was 1 cent in 2009 and 19k last year how is it a bubble.

You can check live prices at preev.com

jpespa

member

Activity: 294

Merit: 17

Bitcoin can be used as payment in online transactions. You can use bitcoin for investment or trading platform to gain profit. You can also use bitcoin in gambling to test your luck in doubling your bitcoin balance. Bitcoin has no fixed value as it changes everytime but it is one reason that affects the behavior of bitcoiners whether they should buy more bitcoins or sell it at the right price.

loragean03

full member

Activity: 403

Merit: 100

Quote from: rontme on January 25, 2018, 09:55:51 PM

Some people think bitcoin is a bubble, what is its meaning and value?

bitcoin created for investment purposes that no one can control/manipulate it. (also known as decentralized).more people that has a negative mind in bitcoin says bitcoin is a bubble which is totally not. some other newbie investors are the victims of this FUD news that creates bitcoin panic (rush selling). and the only one left are those people who still believing/valuing bitcoin. The value of bitcoin is unstable (volatile) from at the beginning of creation upto now (current day) the value has change more unlike then. meaning some people are valuing this bitcoin for their future purposes.

asdfbna

member

Activity: 97

Merit: 12

As a standardized, globalized and highly volatile speculative trading platform that never ceases to trade in 24 hours, bitcoin is more volatile than electronic speculators such as stocks, foreign exchange and precious metals. In terms of standardized transactions, soaring history and future prospects But also better than the stamp coins, garlic, Pu'er tea, yellow pear and other real speculation of the subject, thus attracting a lot of hot money involved in speculation. At present, bitcoin attracts funds as the subject of speculation, far exceeding the funds attracted as a payment system. At least half of each yuan price is the value of speculation.

lampukoe lumo

member

Activity: 182

Merit: 20

In order to bitcoin is to buy household goods or online for bitcoin is money virtual, and in order to bitcoin another is to investment the deoan, because bitcoin is a means of suitable for investment, and the value bitcoin can not unpredictable, sometimes expensive sometimes cheap.

dashchain

member

Activity: 108

Merit: 14

Bitcoin is gaining more and more applications in multinational micropayments. Buyers can not remit $ 0.99 transnational funds when purchasing certain software. It is extremely difficult for sellers to apply for cross-border online banking or credit card payments. With Bitcoin payments, payment is easy with just a single Bitcoin address.

bunsd

member

Activity: 102

Merit: 13

The extremely low cost of bitcoin payments has attracted tens of thousands of merchants worldwide to accept bitcoin payments, including giants such as Microsoft, Dell and New Egg (which Phoenix Financial formally accepts "bitcoin payments"). Credit card cross-border business payment costs 3% -4%, while the use of bitcoin to pay the cost of only 0.5% to 1% (including the cost of converting to French currency), so businesses often give some discount to Attract buyers to pay with bitcoin, such as Dell gives 10% (up to 150 US dollars) discount.

ktabb

full member

Activity: 266

Merit: 103

Quote from: rontme on January 25, 2018, 09:55:51 PM

Some people think bitcoin is a bubble, what is its meaning and value?

The original intended use was as a currency. Since then, people have been considering it a store of value. It's utility as a currency is minimal due to scaling issues and transaction times/costs. It's utility as a store of value is nonexistent because of its insane volatility and competition among alt coins, which sort of make the crypto space infinitely inflationary (since more and more alt coins can continually be created).

I think that it currently does not have any intrinsic value and is in a bubble. Blockchain as a technology may have some utility, but this is not it.

gulechain

member

Activity: 107

Merit: 14

Bitcoin has the function of paying remittance. As we all know, there is a cost of funds flowing across the space, the cost of cash flow to credit card fees, cross-bank charges, off-site / cross-border remittance fees, currency conversion fees reflected. The nature of the cost is the cost of bloated people, venues, and equipment for the government and the bank. More importantly, the government often restricts the prohibition of funds from flowing across borders by means of foreign exchange control. Bitcoin is not affected by foreign exchange control at all.

bunca

member

Activity: 110

Merit: 13

BTC prices from zero to the highest equivalent of an ounce of gold, although speculation and foam composition, but prices have fluctuated around the value of the long run, the basic source of bitcoin price is the value of bitcoin, the value comes from the use...

rontme

member

Activity: 101

Merit: 13

Some people think bitcoin is a bubble, what is its meaning and value?

Topic: What is the use of bitcoin? What is its value? - page 2. (Read 241 times)