Which Bitcoin Is Not? | Bitcointalksearch.org

emberbekas

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Quote from: Genemind on May 29, 2019, 09:23:32 AM

Quote from: CryptoBry on May 29, 2019, 03:29:42 AM

5. Bitcoin is more valuable than gold and USD.
7. Bitcoin is on it's way to being the world currency

I just don't agree with these two. We all know that both gold and USD play their own roles and values which we couldn't compare to Btc because they have their own characteristics and uniqueness as a currency.
Btc could possibly be the world currency but it still has to take a lot of challenges and it will also take time. Bitcoin has still a lot to prove.

Bitcoin can be used worldwide as a currency but to be the main currency used by people around the world will need time and effort. And I don't think that will happen soon. Bitcoin is more valuable than gold and usd? Bitcoin, gold, and usd have their respective uses and we should not make comparisons between them.

CARrency

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Quote from: CryptoBry on May 29, 2019, 03:29:42 AM

1. Bitcoin is money

I think we should be clear here that BTC is not money, it is a cryptocurrency, a decentralized cryptocurrency but other people say that it is since it has a value. People are using it as money but that doesn't mean that it is, it is used as one since it has a value. Something that has a value is not always money, it has value so we can use it to trade.

Vinalians

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Quote from: CryptoBry on May 29, 2019, 03:29:42 AM

15. Bitcoin is predicted to be worth $100,000 per coin within the next 3 years and $250,000 within the next 5 years.

I think this is very good news if it happens for real in the next few years. I am optimistic when it comes in the value of bitcoin but seeing this huge value is not so believable to me. I mean this value can achieve but I don't think it will be achieved in the next 3 years.
I agree in the other 14 bitcoins ability and what can it do in the future, we are now in the stage where people are starting to understand what is cryptocurrency.

Ridwan Fauzi

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I don't think bitcoin will be the cheapest way to transfer money. The lightning network has came but I only feel a bit different when I try to transfer bitcoin without lightning network. Moreover, there are many speculation who says bitcoin will touch 1 million dollar which means if this happened then fee per transaction will high also so as bitcoin will never use as payment system again and even it is not deserve to be called as money.

Babyrica0226

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Quote from: CryptoBry on May 29, 2019, 03:29:42 AM

As Bitcoin is once again at the $8,000+ level, there is a raging excitement and a big buzz in the marketplace on the King of Crypto. People are asking if this can be the start of the big bull run -- the big one to push Bitcoin beyond the $20,000 zone almost achieved in 2017.

With all the hypes and speculations surrounding Bitcoin, here are some bitcoin FACTS and why bitcoin enthusiast like myself love it, trust it, and just could not wait of what can be...

1. Bitcoin is money
2. Bitcoin is an asset
3. Bitcoin is a commodity
4. Bitcoin is a utility
5. Bitcoin is more valuable than gold and USD.
6. Bitcoin is the cheapest way to transfer money
7. Bitcoin is on it's way to being the world currency
8. Bitcoin provides solutions for people worldwide without bank accounts, who can't get bank accounts, or don't have access to banks in their region.
9. Bitcoin can be traded.
10. Bitcoin has IRA's, Futures, Mutual Funds, Credit, Loans
11. Bitcoin has a limited supply of only 21 million giving it serious value whereas 17,674,400 has already been mined.
12. Bitcoin has to be mined, the source of all bitcoin, and will go on for the next 120 years to 2140.
13. Bitcoin is the FIRST and leader of all the 2116 cryptocurrencies on the market as of 4/30/19 dominating at 54.6% of the market cap of $172.6 billion!
14. Bitcoin is accepted worldwide at hundreds of thousands of retailers to pay for goods and services from coffee and pizza to paying taxes, luxury vacations, cars, homes, boats, and more!
15. Bitcoin is predicted to be worth $100,000 per coin within the next 3 years and $250,000 within the next 5 years.

Now, among this list, which do you think is not true or will not come true?

To think which is not the function of Bitcoin was this " Bitcoin is the cheapest way to transfer money "
It is because bitcoin actually here in my country every time I made a transaction it cost high deduction on my withdrawal amount.
I just don't know to other country if they have the same situation of mine.

Herbert2020

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Quote from: Naughty Princess on June 03, 2019, 05:39:57 PM

Quote from: JayCue on May 29, 2019, 04:33:00 AM

Quote from: CryptoBry on May 29, 2019, 03:29:42 AM

Bitcoin is the cheapest way to transfer money

I will not agree with this quoted statement because some exchanges/wallets charge higher fees (bitcoin transfer) than other cryptos (ETH, XRP, etc.)

It is not the cheapest way to transfer because bitcoin transaction fee is expensive than other coins which make it faster to process. Everything can be characterized bitcoin and we benefitted into it. Almost everyone knows about it but few are curious that want to involve with it.

wrong, bitcoin transaction fees are 90% of the times very cheap at 1 satoshi per byte and compared to other altcoins this is amazing considering the amount of usage bitcoin has. it is obvious that a dead coin that nobody uses and has completely empty blocks will always have cheap fees but it is a deadcoin!!!

those exchanges are charging higher fees are doing it because they know that people have no choice but to withdraw bitcoin, they don't want any other altcoin they just want their bitcoins out. which is why they charge higher fees.

CryptoToxicAvenger

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For every person bitcoin can be anything. For some it is gold, and for some it is just a speculative tool. Each person determines for himself the purpose of bitcoin.

klaaas

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Quote from: nicolaz.zhu on May 30, 2019, 05:27:20 AM

There are some right about bitcoin. I don't agree that bitcoin is more important than fiat money... Then bitcoin is only best for long-term investment and facilitates transactions.

Not yet until your country gos bankrupt. Bitcoin is more then a processor alone, it supplies trust.

Naughty Princess

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Quote from: JayCue on May 29, 2019, 04:33:00 AM

Quote from: CryptoBry on May 29, 2019, 03:29:42 AM

Bitcoin is the cheapest way to transfer money

I will not agree with this quoted statement because some exchanges/wallets charge higher fees (bitcoin transfer) than other cryptos (ETH, XRP, etc.)

It is not the cheapest way to transfer because bitcoin transaction fee is expensive than other coins which make it faster to process. Everything can be characterized bitcoin and we benefitted into it. Almost everyone knows about it but few are curious that want to involve with it.

traderethereum

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I would say that all of the lists will come true, especially if all country has agreed to accept bitcoin and altcoin as a new source of the payment system.
But before we see it happens, we cannot say that all in the list is true.
The list will only become true if all people have one vote of the cryptocurrency and they are using cryptocurrency for many things.
And now, the adoption process is still running, and we could hope that in the future, there will many people will know about cryptocurrency and finally, all of them will use cryptocurrency as we did.

ralle14

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Quote from: BeManga on May 29, 2019, 12:59:42 PM

for me i always believe Bitcoin is on it's way to being the world currency
as of now we cannot say world even you can use it all over the world only few individual know it
but if you look in it in the bright side its not really impossible

I disagree that only a few knows Bitcoin, a lot of people are familiar with Bitcoin it's just that most people doesn't like to invest. I remember one user shared a survey here and out of a couple hundreds of people only 10% or less are invested to Bitcoin.

Quote from: carter34 on May 30, 2019, 03:11:04 PM

Especially this season that fees are high. It is not cheaper to transfer small amount of bitcoin now to transferring that same amount in fiat. Example is the transfer of very small amount of dollar like $5 to same amount in bitcoin.

Even if the recommended fee is high recently using a smaller fee for sending Bitcoin is still fast, last week my miner fees were at 1000 satoshi and most of my transactions was confirmed after 1-2 hours.

maxreish

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Quote from: CryptoBry on May 29, 2019, 03:29:42 AM

14. Bitcoin is accepted worldwide at hundreds of thousands of retailers to pay for goods and services from coffee and pizza to paying taxes, luxury vacations, cars, homes, boats, and more!

This actually happening now. But not yet worldwide. There are still some countries who are not using bitcoin payment services and are not yet accept it on their country. However, the positive reality is that majority of businesses now are aware of this kind of technology which helps in the convenience of the customer and the merchants. It is now easy to buy things and goods using bitcoin but the transaction fees are too high.

Quote

15. Bitcoin is predicted to be worth $100,000 per coin within the next 3 years and $250,000 within the next 5 years.

I strongly believe that bitcoin will become the most valuable investment in the future. Though it will slowly increasing the price but reaching $100,000 is possible. Some may not believe it but I do have confidence that time will come and bitcoin will be known by majority of people and will gonna accept by governments and that will be the reason to reach that high price.

Innerpumper

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Quote from: CryptoBry on May 29, 2019, 03:29:42 AM

As Bitcoin is once again at the $8,000+ level, there is a raging excitement and a big buzz in the marketplace on the King of Crypto. People are asking if this can be the start of the big bull run -- the big one to push Bitcoin beyond the $20,000 zone almost achieved in 2017.

With all the hypes and speculations surrounding Bitcoin, here are some bitcoin FACTS and why bitcoin enthusiast like myself love it, trust it, and just could not wait of what can be...

1. Bitcoin is money
2. Bitcoin is an asset
3. Bitcoin is a commodity
4. Bitcoin is a utility
5. Bitcoin is more valuable than gold and USD.
6. Bitcoin is the cheapest way to transfer money
7. Bitcoin is on it's way to being the world currency
8. Bitcoin provides solutions for people worldwide without bank accounts, who can't get bank accounts, or don't have access to banks in their region.
9. Bitcoin can be traded.
10. Bitcoin has IRA's, Futures, Mutual Funds, Credit, Loans
11. Bitcoin has a limited supply of only 21 million giving it serious value whereas 17,674,400 has already been mined.
12. Bitcoin has to be mined, the source of all bitcoin, and will go on for the next 120 years to 2140.
13. Bitcoin is the FIRST and leader of all the 2116 cryptocurrencies on the market as of 4/30/19 dominating at 54.6% of the market cap of $172.6 billion!
14. Bitcoin is accepted worldwide at hundreds of thousands of retailers to pay for goods and services from coffee and pizza to paying taxes, luxury vacations, cars, homes, boats, and more!
15. Bitcoin is predicted to be worth $100,000 per coin within the next 3 years and $250,000 within the next 5 years.

Now, among this list, which do you think is not true or will not come true?

at no.5 it's wrong. because gold is have strong fundamental and forever not change with many currency. gold is future.

BL46K 7193R

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Well, now I'll give my opinion. And say which do I think is not true or will not come true

1. Bitcoin is money
Not in my opinion Bitcoin is not money. Bitcoin is the most expensive and influential cryptocurrency in this period.

2. Bitcoin is more valuable than gold and USD
I do not think Bitcoin is more valuable than gold and USD Gold and USD are much more valuable than Bitcoin. I think this point is not right.

I think these two points are wrong and the rest are all right but these two points seem to be wrong.

stadus

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Quote from: CryptoBry on May 29, 2019, 03:29:42 AM

5. Bitcoin is more valuable than gold and USD

This one, not for now, all we think is just our own prediction in the future but I don't think bitcoin at its status now will be more valuable than gold and usd.

Romeoetin

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Bitcoin is not the cheapest way to transfer money but rather stellar offers the cheapest means. I made a bitcoin transaction today from my blockchain.info account and got charged $5 to send a transaction worth $142.. The default send was on regular..

Sabrin

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Your Statement is mostly true, But i can not agree with the point of 6 and 7.
*Bitcoin is not the cheapest way to transaction, Bitcoin transaction fee is higher than any other altcoin.
*Bitcoin is not the way on world coin, Because many other countries in the world already ban bitcoin,
*As Bitcoin is a digital currency, if you want to use bitcoin firstly you need to acces in Internet, But world wide countries people don't able to access Internet easily. some of developed countries have not access permission in internet like korea

carter34

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Quote from: JayCue on May 29, 2019, 04:33:00 AM

Quote from: CryptoBry on May 29, 2019, 03:29:42 AM

Bitcoin is the cheapest way to transfer money

I will not agree with this quoted statement because some exchanges/wallets charge higher fees (bitcoin transfer) than other cryptos (ETH, XRP, etc.)

Especially this season that fees are high. It is not cheaper to transfer small amount of bitcoin now to transferring that same amount in fiat. Example is the transfer of very small amount of dollar like $5 to same amount in bitcoin.

jhongzjhong

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Quote from: nicolaz.zhu on May 30, 2019, 05:27:20 AM

There are some right about bitcoin. I don't agree that bitcoin is more important than fiat money. Before bitcoin was really received by the government in this world. Then bitcoin is only best for long-term investment and facilitates transactions.

Fiat and bitcoin for me are equal, they are both currencies that has a different function on us, no need to choose both of them which make it better if we that both of them are very useful in digital and physical currency. They have a negative side and positive side, I consider all OP statement was right.

muhhentuhhen

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Quote from: Janation on May 29, 2019, 09:43:40 PM

Quote from: bhabygrim on May 29, 2019, 04:52:39 PM

I still think that Bitcoin is a cheap way to transfer money just look for an international money transfer fee?
It is way more cheaper to use crypto than to use remittance center.
But I agree that it wouldn't be world's currency.

But not all of us are using that way of transfer, right?

Not all of the users and investors do that transaction, sending it to other country's bitcoin address. Though it is true that it is cheaper than that, people are wanting to also have a cheaper fee of sending BTC to other people that is not that far. For example, buying something using BTC, some platforms accept it and the fee is the problem. There might be some exchange that has a solution but for me, it is still not that cheap.

The majority of the guys here use it as the investment. People simply hope that they can earn when Bitcoin goes to the Moon. Certainly, transfers can be used as well, and BTC is the best currency to travel: no control how much you have.

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