Topic: Which Bitcoin Is Not? - page 2. (Read 602 times)
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.
I am not so optimistic about the future achievements of bitcoin. So, I do not think that this year Bitcoin will reach, or even exceed its previous price record of $ 20,000. After such a very long period of a bear market, Bitcoin is unlikely to be immediately ready for new records. We see that Bitcoin is not growing very confidently yet, constantly moving away to correct its course. I think that this will continue.
Also, I don’t think that in two years Bitcoin will reach the price of one hundred thousand dollars. This is hardly realistic. Bitcoin holders will constantly lower the price, even if Bitcoin will quickly grow in value.
Also, I don’t think that in two years Bitcoin will reach the price of one hundred thousand dollars. This is hardly realistic. Bitcoin holders will constantly lower the price, even if Bitcoin will quickly grow in value.
Bitcoin is an asset every one can agree with that but it isn't the cheapest to use as a means of transfer of fund in crypto as some alts are way low compare to bitcoin fee but the first as initiator gives it power over others and it fast growing in the global market and am sure it usually be the first coin many use to come across .
2. Bitcoin is an asset
3. Bitcoin is a commodity
4. Bitcoin is a utility
i don't know what #4 means since the sentence doesn't make sense. bitcoin has utilities, how can it be "a" utility!3. Bitcoin is a commodity
4. Bitcoin is a utility
2 and 3 are wrong because bitcoin is neither an asset nor a commodity. bitcoin is a currency and doesn't matter what some government say or how some people treat it, bitcoin has been and will remain a currency.
Quote
6. Bitcoin is the cheapest way to transfer money
unfortunately this is no longer true in all cases. the fees are low most of the times but not all the times and in those high fee cases it remains the cheapest to transfer large amounts of money oversees. Quote
7. Bitcoin is on it's way to being the world currency
bitcoin is already a global currency but if you think it will replace fiat and become the "world currency" then you are wrong.Quote
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!
there are a lot more than 2116 altcoins, CMC only lists that much.and it is not dominating at 54.6%, it is dominating the market at 99%. the 54% you reported is its market cap ratio.
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.
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.
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.
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.
I think these might be.
1We all know that transactions fees had been a problem to Bitcoin and until now there are still people who are pissed about this. There might be a time that it is not a problem but I think people prefer other methods. 2With a lot of countries banning Bitcoin, I don't think that it will be a world currency. Government of each country has their own opinion about this and we should respect that. 3I don't think it is like that. People in our country can easily get bank accounts and that is not a problem. Also, I don't see this as a solution since there is no problem.
It is way more cheaper to use crypto than to use remittance center.
But I agree that it wouldn't be world's currency.
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
Bitcoin can't be the world currency unless you'll get rid of the volatility of bitcoin, and also you need internet to be able to use bitcoin not everyone has access to internet.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
This is not true. Bitcoin can be used with satellite and high-frequency radio. I have not looked at the technical aspects of this, but bitcoin developers pride themselves on these capabilities. Also, as the price of bitcoin rises and use becomes more widespread, the price should stabilize somewhat.
Forgot the only real reason for BTC to exist, decentralization, nothing is more important than this.
Exactly, no one can take our money or close down the bitcoin blockchain, we don't even need to trust each other, the blockchain alone will keep our bitcoins safe.
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?
I think #1 is what it's supposed to be and in part is, #2 is how people largely treat it. I think #5 can become true in the future, the answer to #6 is false, #7 is too idealistic and might be technically impossible, #8 is sometimes true, #10 - I hope it never happens. I don't like that the points on the list are very unequal. Some are related to what is Bitcoin, others to facts that are obviously true, some to predictions... It's not really all about what Bitcoin is and not everywhere it makes sense to think about the truth of the statements.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?
Answering the thread's question, Bitcoin is not a utility or commodity, and not the cheapest way to transfer money, even though a pretty cheap one if we talk about big sums and compare the fees with the banking ones.
I agreed with you
But Not every single point, Because the transaction fee is higher than other altcoin.
And one more thing, Bitcoin will not become the world coin, Because for using Bitcoin you need to access internet, But unfortunately world wide people can not access in internet.
But Not every single point, Because the transaction fee is higher than other altcoin.
And one more thing, Bitcoin will not become the world coin, Because for using Bitcoin you need to access internet, But unfortunately world wide people can not access in internet.
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
Bitcoin can't be the world currency unless you'll get rid of the volatility of bitcoin, and also you need internet to be able to use bitcoin not everyone has access to internet. 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
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?
for me i always believe Bitcoin is on it's way to being the world currencyWith 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?
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
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.)
Now, among this list, which do you think is not true or will not come true?
7. Bitcoin is on it's way to being the world currency
I believe bitcoin isn't going to be the world currency simply because it's not centralized. So no one will be forced to use it and I'm sure there will be many altcoins to compete crypto space with bitcoin. Bitcoin will continue being one of the many world currencies, like now.12. Bitcoin has to be mined, the source of all bitcoin, and will go on for the next 120 years to 2140.
As the technology is in constant improvement, we can't be sure it will take 120 years or so to mine all btcs. It can be concluded faster since more powerful hardwares are being developed all the time and since it can become more accessible for other people, besides the professional mining farmers. 
6. Bitcoin is the cheapest way to transfer money
Due to the number of transactions that has been flooding the network and along with the price increase, fees has increased dramatically. 
Whoever believing bitcoin is money for them bitcoin is everything.
Even for me I am earning money in trading and them little from campaigns and other works. So I always love to invest on bitcoin and praise it for life time.
Bitcoin is not only crypto it is beyond money and asset.
Even for me I am earning money in trading and them little from campaigns and other works. So I always love to invest on bitcoin and praise it for life time.
Bitcoin is not only crypto it is beyond money and asset.
I would say number 5 and 6
This too. ↑↑↑
some exchanges/wallets charge higher fees (bitcoin transfer) than other cryptos (ETH, XRP, etc.)
This too. ↑↑↑
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.)
I agree with this. Btc isn't the cheapest way to transfer money because of high Tx fee. It has been the agony of most traders and those who are using BTC as a mode of payment. However, we can't deny the fact that Btc could offer the fastest transaction so no matter how high the Tx fee is, people still choose to pay with it.
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.
the most important thing about bitcoin in my opinion is the fact that it is decentralized. and being decentralized it allows bitcoin to offer other benefits such as being boarderless and censorship resistant. all these are giving bitcoin a certain uniqueness that you can not find anywhere else and as a result it gives it a great value.
of course other things that were mentioned here are also important like having clear and reasonable cap at 21 million.
of course other things that were mentioned here are also important like having clear and reasonable cap at 21 million.
Jump to: