I am 25 and I invested my (small) money almost all I bitcoin, mostly when it was 830 and some when it was 600. I am really panicked. Please give me some advice. Will bitcoin grow?
Topic: Why do you deny evidence? bitcoin has deluded all us - page 5. (Read 4535 times)
I don't look at price. I look at how many places I can spend my coins. Things look great to me. Just a year ago it was hard to find places. These days there are new choices every week. I thought that would take ten years, but wow, here we are.
The reasons I no longer use credit/debit cards:
1. They are unsafe and outdated. In the US we still use magnetic stripes. Yes really. How stupid is that? No wonder I'm on my third replacement card in a year.
2. There are a million rules about where, who and how I can pay on the internet. I no longer obey those foolish rules. I buy whatever I want from anyone I chose no matter where they are. I travel a lot and when I do I look for places to spend my BTC. No swapping currencies back and forth.
3. Speed. This is more of a benefit to retailers, but I like it also. When I hit send and pay, it's over. The retailer does not have to wait days or weeks to verify my identity like a card. Within minutes the transaction is irreversible and the seller can ship with confidence.
4. Price. I can send a million dollars for a few cents. With dollars it costs me dollars to send dollars abroad. F that.
5. No trust needed. BTC is the only money in history that does not require trust. It can't be manipulated like issued money. It is the only fair money that can be used on the internet. Gold is also fair, but impractical.
So when you say there is no reason to use bitcoin I think you mean that you don't understand bitcoin. If you did I believe you would not see a reason to ever use dollars.
The reasons I no longer use credit/debit cards:
1. They are unsafe and outdated. In the US we still use magnetic stripes. Yes really. How stupid is that? No wonder I'm on my third replacement card in a year.
2. There are a million rules about where, who and how I can pay on the internet. I no longer obey those foolish rules. I buy whatever I want from anyone I chose no matter where they are. I travel a lot and when I do I look for places to spend my BTC. No swapping currencies back and forth.
3. Speed. This is more of a benefit to retailers, but I like it also. When I hit send and pay, it's over. The retailer does not have to wait days or weeks to verify my identity like a card. Within minutes the transaction is irreversible and the seller can ship with confidence.
4. Price. I can send a million dollars for a few cents. With dollars it costs me dollars to send dollars abroad. F that.
5. No trust needed. BTC is the only money in history that does not require trust. It can't be manipulated like issued money. It is the only fair money that can be used on the internet. Gold is also fair, but impractical.
So when you say there is no reason to use bitcoin I think you mean that you don't understand bitcoin. If you did I believe you would not see a reason to ever use dollars.
I see many idealists still thinking in a future rise. Why? The only real rise of bitcoin was due to a bubble, simply a bubble which lasted all 2013? from that bubble we always thought that was a trend, it was not. We and I were all super enthusiastic. None could forecast that after almost 2.years bitcoin was worth less than before. Tell yourself the truth do not try to convince about what you would like it to be. Actually people are NOT interested in using bitcoin. Yes banks are evil, sure, devil itself, but people like simplicity, many people are...how can I say? stupid and get used to their simple things. Most people do not like to change. And they do not like to risk. There is no real reason why bitcoin should be mass adopted...to do what? Send money to someone, something you could do with very small fees (I can assure you I constantly do bank transfers I usually spend 1 euro whatever the bank transfer is) doing it A LONE with no warranty? knowing that a small minimal error, a hacker, a sudden Loss in value, could make you lose everything or a big part of your money? as you see its nonsense.
There will be neither mass adoption nor total failure. Bitcoin will still be used for some years by some nerds, and it will get slowly less and less valuable until it will be finally forgotten, buried in some history book in the chapter ".utopias". See history. How many utopias (political economical etc) have realised, how many failed soon or.after? I know it's a good dream but we should wake up until it's to late... bitcoin will slowly be forgotten.
There will be neither mass adoption nor total failure. Bitcoin will still be used for some years by some nerds, and it will get slowly less and less valuable until it will be finally forgotten, buried in some history book in the chapter ".utopias". See history. How many utopias (political economical etc) have realised, how many failed soon or.after? I know it's a good dream but we should wake up until it's to late... bitcoin will slowly be forgotten.
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