Why Bitcoin has power nowadays ? - page 32.

sportis

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Veni, Vidi, Vici

Quote from: sanbashiyi on December 08, 2016, 02:48:44 PM

Quote from: Fatanut on December 08, 2016, 02:02:56 PM

Quote from: bitcoinisbest on December 08, 2016, 01:22:40 AM

1. Many countries have started accepting it
2. Many banks in worldwide are trying to use this technology for their banking transactions.
3. Many business are accepting and looking to use as payment mode.

I'm not sure if this was supposed to be read in a sarcastic way because all of these are false.

1. Even though we're interacting here from different countries, it's not the 'countries' that accepts it. If you say that it's accepted in a certain country, then that means their government has announced that it's a legal currency. It's the 'individual' that accepts it, not the whole country. I think you meant to say "People from different countries have started accepting it."

2. I've never heard one. Can you mention one? The idea of bitcoin and bank just contradicts each other on so many degrees that you can't mix them up.

3. Here's the thing. People have been talking about bitcoins not being accepted in almost every establishment. It has been considered as one of the biggest disadvantage of bitcoins. Even today, establishments are still not accepting it. I don't know where did you get that information.

yes if the countries accepted bitcoin that would make bitcoin's price go rocket , nowadays only say that people accept it form all over the world .

1. I agree that many countries accept bitcoin transaction not as currency but as "agreement between parties" without further inquiries.

2. The idea of bitcoin and bank contradicts each other but not blockchain technology. Banks want centralized blockchain for their purpose. Give a look https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/492972/gs-16-1-distributed-ledger-technology.pdf

3. There are merchants who accept bitcoins in order to increase their customer base. Most of them use services like bitpay to exchange it with their fiat currency.

Berns

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Due to the fact that Bitcoin is not subject to inflation, many investors in Bitcoin cherish their assets. It is very convenient. Bitcoin has many advantages

delliaerd

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I think bitcoin has power becouse people start to love the rising price of bitcoin. I think bitcoun price will never fall anymore becouse the devootee is really much now. And also bitcoin was designed te get deflation but paper money have endless printing that make it get inflation. That why I really sure that bitcoin price will not fall too much against paper money. People are loves bitcoin.

deisik

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Quote from: Fatanut on December 09, 2016, 12:47:09 AM

Quote from: deisik on December 08, 2016, 03:20:45 PM

Quote from: Fatanut on December 08, 2016, 02:02:56 PM

Quote from: bitcoinisbest on December 08, 2016, 01:22:40 AM

1. Many countries have started accepting it
2. Many banks in worldwide are trying to use this technology for their banking transactions.
3. Many business are accepting and looking to use as payment mode.

I'm not sure if this was supposed to be read in a sarcastic way because all of these are false.

1. Even though we're interacting here from different countries, it's not the 'countries' that accepts it. If you say that it's accepted in a certain country, then that means their government has announced that it's a legal currency. It's the 'individual' that accepts it, not the whole country. I think you meant to say "People from different countries have started accepting it."

2. I've never heard one. Can you mention one? The idea of bitcoin and bank just contradicts each other on so many degrees that you can't mix them up

I have heard a lot about that myself across the forum (that many banks are allegedly trying to use the technology), but no one could ever provide even a single link proving that banks are somehow interested in Bitcoin. The hype has it that the banks might not be so much interested in Bitcoin itself as in the blockchain technology which it employs, though no one could coherently explain to me what real advantage this technology offers to the banks. So, this is no more than just that, i.e. hype...

And I didn't see any links proving that claim either

The reason why is that is because there isn't any. I bet all those people that you've seen posted something similar when asked would just disappear and don't reply at all. I guess people have been posting that idea a lot that other people (it's-on-the-internet-so-it's-a-fact type of people) have thought it's true without even thinking that bitcoin was created so that we will have a decentralized banking system and government banks are a centralized thing.

In fact, I read it myself that the top bank in my country (which chairman admitted to have bought some bitcoins himself) had been studying the blockchain technology, but that's pretty much all there's to it. I think that might have actually looked into the blockchain, didn't find anything of particular interest to them in it, and then abandoned it altogether...

Since the blockchain technology is hardly suitable for centralized entities like banks

Fatanut

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Quote from: deisik on December 08, 2016, 03:20:45 PM

Quote from: Fatanut on December 08, 2016, 02:02:56 PM

Quote from: bitcoinisbest on December 08, 2016, 01:22:40 AM

1. Many countries have started accepting it
2. Many banks in worldwide are trying to use this technology for their banking transactions.
3. Many business are accepting and looking to use as payment mode.

I'm not sure if this was supposed to be read in a sarcastic way because all of these are false.

1. Even though we're interacting here from different countries, it's not the 'countries' that accepts it. If you say that it's accepted in a certain country, then that means their government has announced that it's a legal currency. It's the 'individual' that accepts it, not the whole country. I think you meant to say "People from different countries have started accepting it."

2. I've never heard one. Can you mention one? The idea of bitcoin and bank just contradicts each other on so many degrees that you can't mix them up

I have heard a lot about that myself across the forum (that many banks are allegedly trying to use the technology), but no one could ever provide even a single link proving that banks are somehow interested in Bitcoin. The hype has it that the banks might not be so much interested in Bitcoin itself as in the blockchain technology which it employs, though no one could coherently explain to me what real advantage this technology offers to the banks. So, this is no more than just that, i.e. hype...

And I didn't see any links proving that claim either

The reason why is that is because there isn't any. I bet all those people that you've seen posted something similar when asked would just disappear and don't reply at all. I guess people have been posting that idea a lot that other people (it's-on-the-internet-so-it's-a-fact type of people) have thought it's true without even thinking that bitcoin was created so that we will have a decentralized banking system and government banks are a centralized thing.

mining_spaceship

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If Bitcoin has power today, it's because people need it. To get where it is now, with a market capitalization of more than twelve billion dollars, Bitcoin had to prove that it's a useful technology, that solves real-world problems, and that can make life easier for many people.

deisik

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Quote from: Fatanut on December 08, 2016, 02:02:56 PM

Quote from: bitcoinisbest on December 08, 2016, 01:22:40 AM

1. Many countries have started accepting it
2. Many banks in worldwide are trying to use this technology for their banking transactions.
3. Many business are accepting and looking to use as payment mode.

I'm not sure if this was supposed to be read in a sarcastic way because all of these are false.

1. Even though we're interacting here from different countries, it's not the 'countries' that accepts it. If you say that it's accepted in a certain country, then that means their government has announced that it's a legal currency. It's the 'individual' that accepts it, not the whole country. I think you meant to say "People from different countries have started accepting it."

2. I've never heard one. Can you mention one? The idea of bitcoin and bank just contradicts each other on so many degrees that you can't mix them up

I have heard a lot about that myself across the forum (that many banks are allegedly trying to use the technology), but no one could ever provide even a single link proving that banks are somehow interested in Bitcoin. The hype has it that the banks might not be so much interested in Bitcoin itself as in the blockchain technology which it employs, though no one could coherently explain to me what real advantage this technology offers to the banks. So, this is no more than just that, i.e. hype...

And I didn't see any links proving that claim either

kanazawa

hero member

Activity: 756

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It's bizarre how the "bridge" between bitcoin and "my" bills, my payments, etc... and you know, that's where the "power" of Bitcoin is all about, I can do mining or write here in the signature campaign and use the coins to pay my costs... it's a new market, new job.. I also accept Bitcoin in my store (it's little, but it's all I got), so, it's a new concept to sellers... that's the power in my particular (and positive) view ...

sanbashiyi

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Quote from: Fatanut on December 08, 2016, 02:02:56 PM

Quote from: bitcoinisbest on December 08, 2016, 01:22:40 AM

1. Many countries have started accepting it
2. Many banks in worldwide are trying to use this technology for their banking transactions.
3. Many business are accepting and looking to use as payment mode.

I'm not sure if this was supposed to be read in a sarcastic way because all of these are false.

1. Even though we're interacting here from different countries, it's not the 'countries' that accepts it. If you say that it's accepted in a certain country, then that means their government has announced that it's a legal currency. It's the 'individual' that accepts it, not the whole country. I think you meant to say "People from different countries have started accepting it."

2. I've never heard one. Can you mention one? The idea of bitcoin and bank just contradicts each other on so many degrees that you can't mix them up.

3. Here's the thing. People have been talking about bitcoins not being accepted in almost every establishment. It has been considered as one of the biggest disadvantage of bitcoins. Even today, establishments are still not accepting it. I don't know where did you get that information.

yes if the countries accepted bitcoin that would make bitcoin's price go rocket , nowadays only say that people accept it form all over the world .

Fatanut

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Activity: 1008

Merit: 1060

Quote from: bitcoinisbest on December 08, 2016, 01:22:40 AM

1. Many countries have started accepting it
2. Many banks in worldwide are trying to use this technology for their banking transactions.
3. Many business are accepting and looking to use as payment mode.

I'm not sure if this was supposed to be read in a sarcastic way because all of these are false.

1. Even though we're interacting here from different countries, it's not the 'countries' that accepts it. If you say that it's accepted in a certain country, then that means their government has announced that it's a legal currency. It's the 'individual' that accepts it, not the whole country. I think you meant to say "People from different countries have started accepting it."

2. I've never heard one. Can you mention one? The idea of bitcoin and bank just contradicts each other on so many degrees that you can't mix them up.

3. Here's the thing. People have been talking about bitcoins not being accepted in almost every establishment. It has been considered as one of the biggest disadvantage of bitcoins. Even today, establishments are still not accepting it. I don't know where did you get that information.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: kryptqnick on December 08, 2016, 05:54:32 AM

My guess is that a few other currencies (maybe, litecoin and dogecoin) will become nearly as popular as bitcoin is. It can't stand alone forever. There has to appear a strong opponent on the stage. I guess it has power nowadays, because it was the first one and became used a lot, because of drug business. This increased its price and popularity and now btc is used for many other things or just kept till better times come.

I think Litecoin as well as Dogecoin can be both safely written off. If they didn't become insanely popular in 5 and 3 years respectively that they have been around, there is little-to-no chance that they would gain any popularity in the future. In other words, they are effectively waste material and could be forgotten...

You can't teach the old dog new tricks

We should wait for something entirely new to spring up to become a real Bitcoin competitor

kryptqnick

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My guess is that a few other currencies (maybe, litecoin and dogecoin) will become nearly as popular as bitcoin is. It can't stand alone forever. There has to appear a strong opponent on the stage. I guess it has power nowadays, because it was the first one and became used a lot, because of drug business. This increased its price and popularity and now btc is used for many other things or just kept till better times come.

X-ray

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Quote from: Vaskiy on December 06, 2016, 04:55:53 AM

Bitcoin from its start have been growing gradually. On this account I believe bitcoin from its start is powerful and with its potential will continue to be powerful. These days bitcoin is being in a start to get regulated among various countries which makes it more powerful.

Regulated didn't mean it was official recognised as a legal currency there amongst the local ones. maybe they regulate it to prevent from any threats that could come from bitcoin. that's all up to the government but they may announce if the bitcoin is recognised by them

lOvE mE forEvEr

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I think it depends on the law of the market, as long as needed and worn many, bitcoin will be popular. But if you've left out people, of course the bitcoin no price. In addition it is because no one can control, so while this is very exciting.

lol3c

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It is a new kind of currency and technology which brings many benefits to users. Bitcoin has influenced people life a lot since it was first published by Satoshi. It has been 8 years since then and the number of the people using bitcoin keep increasing day by day. When you use Bitcoin, your information and your identity will be safe and secured because Bitcoin is anonymous. Furthermore, you only have to charge for the sending fee when you use bitcoin. And, according to experts, Bitcoin price will still increase significantly in the future so basically, Bitcoin turn out to be a safest type of investing in the world right now. That's why Bitcoin is extraordinary and powerful nowadays

Przemax

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Bitcoin has power novadays, because dreams have power. Actually every power need to back itself by dream. Either its fiat, bitcoin, power of a king or an emperor. People that had awaken from the dream of fiat had a need to fall into other dream like bitcoin. There is nothing wrong with that. Humans do dreams and tell themselfs story since the beginings of time.

bitcoinisbest

hero member

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Few of the reason I can tell you is :-

First cypto currency and still has the highest market cap and cross 1000$ and above
Many countries have started accepting it
Many banks in worldwide are trying to use this technology for their banking transactions.
Many business are accepting and looking to use as payment mode.

Yakamoto

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Quote from: michkima on December 08, 2016, 12:48:14 AM

Quote from: Dmitry.Vastov on December 08, 2016, 12:05:19 AM

Bitcoin is the father of all cryptocurrencies. The first and the one that still active and trending. Not like any other cryptocurrencies, it is really good for investments. Not only for investments but also helps people to transact with fast for only a cheap fees. You dont need to worry about privacy because are anonimous when use bitcoin. This is the power of bitcoin, the freedom.

That is so true. But Bitcoin is still unstable and a lot of new people who uses it are afraid of this volatility. The prices has huge deeps and this scares investors who might want to invest in it. I think this is the problem when big services and companies are not yet adopting bitcoin. If we get that stability then we might see more power to the Bitcoin and it will be adopted by the whole world.

Investors should definitely be worried about the volatility of Bitcoin, it's nothing to shrug at and it should definitely be included when people consider the fact that it's a simple market with huge swings off of the tiniest bit of news.

Once it gets high enough and starts to stabilize everything will start looking better, but for now everyone has to know exactly what it is they're getting into. Each person has to know, or it all breaks down.

michkima

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Quote from: Dmitry.Vastov on December 08, 2016, 12:05:19 AM

Bitcoin is the father of all cryptocurrencies. The first and the one that still active and trending. Not like any other cryptocurrencies, it is really good for investments. Not only for investments but also helps people to transact with fast for only a cheap fees. You dont need to worry about privacy because are anonimous when use bitcoin. This is the power of bitcoin, the freedom.

That is so true. But Bitcoin is still unstable and a lot of new people who uses it are afraid of this volatility. The prices has huge deeps and this scares investors who might want to invest in it. I think this is the problem when big services and companies are not yet adopting bitcoin. If we get that stability then we might see more power to the Bitcoin and it will be adopted by the whole world.

Dmitry.Vastov

hero member

Activity: 840

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Bitcoin is the father of all cryptocurrencies. The first and the one that still active and trending. Not like any other cryptocurrencies, it is really good for investments. Not only for investments but also helps people to transact with fast for only a cheap fees. You dont need to worry about privacy because are anonimous when use bitcoin. This is the power of bitcoin, the freedom.

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