Don't be so negative.
It's actually not a value reserve, and you can use it as a value reserve.
Topic: why I'm not believing in bitcoin as currency - page 2. (Read 687 times)
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It is your prerogative to hate Bitcoin. It is our prerogative to use Bitcoin in our everyday lives. If you are trying to pull everyone down because you lost a lot from the Mt. Gox debacle. I am sorry but Bitcoin is not at fault. They used Bitcoin as a scapegoat and it shows. Nowadays Bitcoin worth 6,000 to 19,000 dollars per unit so if Bitcoin is at fault back then. How did Bitcoin made a huge comeback? It is because a lot of people realized that transaction malleability is just an invention of Mt. Gox.
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no just saying that most of the people look at bitcoin as investment and nothing more.
I understand your concerns and you are partially right. A lot of people decided to hold their bitcoins instead using them because it became extremely profitable. However, I don't agree that transactions take a lot of time to confirm. Fortunately, it seems that even transactions with 1 sat/b go through right now. Many shops still accept Bitcoin. Some companies announced that they are removing Bitcoin support but a few days after that they brought it back.
one of the problems is the speeding of the transaction and light network here to help, but it doesn't solve the problem that people just holding their bitcoin
and not using bitcoin to buy things, and let's hope the in the future we really going to see more job places the paid their workers with bitcoin.
I understand your concerns and you are partially right. A lot of people decided to hold their bitcoins instead using them because it became extremely profitable. However, I don't agree that transactions take a lot of time to confirm. Fortunately, it seems that even transactions with 1 sat/b go through right now. Many shops still accept Bitcoin. Some companies announced that they are removing Bitcoin support but a few days after that they brought it back.
Based on my experiences, it made me believed that bitcoin is not also a currency because it is more on being an asset or an investment because you cannot use it to pay things and use as a regular currency for a regular basis and one of the reason also is the high fees and also slow confirmation speed that makes bitcoin not qualified as a currency.
that's right, and that what this post is all about in 2011 we look at bitcoin as the currency of the future today it's just a way to invest and gain money.
Based on my experiences, it made me believed that bitcoin is not also a currency because it is more on being an asset or an investment because you cannot use it to pay things and use as a regular currency for a regular basis and one of the reason also is the high fees and also slow confirmation speed that makes bitcoin not qualified as a currency.
It doesn't look like you've transacted with Bitcoin lately. I'd be surprised if you have to spend even 50 cents. Unless you're on an exchange of course, in which case it's hardly the network's fault.
Other than that, it's cool. We all have different reasons for believing, and if you feel Bitcoin is no longer that, then by all means make your exit. I still believe in Bitcoin as a currency. It's still in its infancy as far as the technology goes, and improvements like the Lightning Network are going to make it more and more viable.
Other than that, it's cool. We all have different reasons for believing, and if you feel Bitcoin is no longer that, then by all means make your exit. I still believe in Bitcoin as a currency. It's still in its infancy as far as the technology goes, and improvements like the Lightning Network are going to make it more and more viable.
I agree on your, now a days it was really hard to sustain our daily needs because the prices are keep on increasing so people think of an alternative on where they can get more money. Thankfully, cryptocurrency is existing and we can invest on it and earn profit after a few months of holding depending on the markets flow.
BECAUSE ITS NOT A PHYSICAL OR RAW CASH
well in 2010 people look differently at bitcoin.
especially with companies like Bitpay was introduced.
I don't blame people I think people that in bitcoin after 2016-2017
look at bitcoin as an only investment and nothing more
and people like me before the ICO's and SMART CONTRACTS
and all the exchanges look differently at bitcoin.
BECAUSE ITS NOT A PHYSICAL OR RAW CASH
Things are still in the development mode and yet there is huge scope for the growth. The core values of Bitcoin are based on the decentralization principle and it makes sense to use it as a payment system. Ideally, it might not follow the criteria of the traditional currency but it is definitely a good option having potential to emerge as a payment system.
it may look like the OP was having bad times since then, that is why he's been mad about trusting bitcoin. Well we can't blame him either but if you look at the bright aide of this picture, there are lots of improvements lately and since the first launch and still it keeps running up until now. I sad about how people treat it most people don't look at bitcoin as currency or technology but just a way to invest money
Things are still in the development mode and yet there is huge scope for the growth. The core values of Bitcoin are based on the decentralization principle and it makes sense to use it as a payment system. Ideally, it might not follow the criteria of the traditional currency but it is definitely a good option having potential to emerge as a payment system.
it may look like the OP was having bad times since then, that is why he's been mad about trusting bitcoin. Well we can't blame him either but if you look at the bright aide of this picture, there are lots of improvements lately and since the first launch and still it keeps running up until now.
Things are still in the development mode and yet there is huge scope for the growth. The core values of Bitcoin are based on the decentralization principle and it makes sense to use it as a payment system. Ideally, it might not follow the criteria of the traditional currency but it is definitely a good option having potential to emerge as a payment system.
BUT WHY??
you just saying the same thing as other its a good "investment"
to invest you just saying you will get 50% but why? can you justify your words?
maybe in the future bitcoin will lunch an aircraft or maybe some country will declare it as their currency
besides saying you will gain 50 or 100% more do you say to people
"it's decentralized" "more shops will accept it to keep it"
soon everyone will use bitcoin this was the words I used to convince people to use bitcoin in 2011-2012
this was the point of my post people look at bitcoin only as a momentum to invest it becomes "casino chips" you just hold to cash out
but no one can really justify their words and explain why to invest in this "bitcoin"
you just saying the same thing as other its a good "investment"
to invest you just saying you will get 50% but why? can you justify your words?
maybe in the future bitcoin will lunch an aircraft or maybe some country will declare it as their currency
besides saying you will gain 50 or 100% more do you say to people
"it's decentralized" "more shops will accept it to keep it"
soon everyone will use bitcoin this was the words I used to convince people to use bitcoin in 2011-2012
this was the point of my post people look at bitcoin only as a momentum to invest it becomes "casino chips" you just hold to cash out
but no one can really justify their words and explain why to invest in this "bitcoin"
Any prediction about the value of BTC is just an expectation of the predictor... including yours... and it has a probability of 50% to be true
The basis of my opinion is that BTC/USD trend is still upward in weeks. That is why I am sure the more auditory it will attract the higher value of the BTC we have. And we will see new muximums. Then, when there will be no more newcomers (even my grandma) the trend turns downward and perhaps you will get what you want 
BTW if any country will declare that BTC is the official currency of the country it means that there is no such country
I can only work well to let it be worth following but I'm sure someday bitcoin will dominate the world market and could change the dollar as it gets bigger and more and more innovative technology will make it easier for people in transactions and do not have to swap currencies from the country seems old-fashioned and will even better if we can use virtual currency anywhere
Don't look it as an investment. Cryptocurrencies is the future of online payments and currency. We can not handle them but the value of this digital currency will surpass what it's current value of fiat. Just believe on technology.
if you are not believing in bitcoin as digital cryptocurrency why are you here and you asking on that question you are the only can answer to yourself why your believing in crypto sorry do not offended. we should all know the cunrently real money, paper money or fiat money anything what is the right called for there are not easy to remove in the circulation of world currency. on more reason why world banker hate crypto because have possile to closed bank because of digital currency, digital currency treated as a bank the online wallet system. so if you are convince to belive crypto thats your choice.
this is useless probably people that in bitcoin after 2015-2016 and an especially 2017 look at it as an investment and only as an investment
90% of people here that holding bitcoin they only holding it and not bought to use it
this is what makes all the difference, you got your bitcoins for daily use?? or to hold it and cash out when the moment is right!
i pretty sure that you just hold your coins, and not planning to use them.
most of you tackle me and defend bitcoin
but not in the way i used to do in 2011
bitcoin is much more than investment
and i here because i believe in crypto and in bitcoin but not what people made from bitcoin and how they look at bitcoin (only as investment)
if you are not believing in bitcoin as digital cryptocurrency why are you here and you asking on that question you are the only can answer to yourself why your believing in crypto sorry do not offended. we should all know the cunrently real money, paper money or fiat money anything what is the right called for there are not easy to remove in the circulation of world currency. on more reason why world banker hate crypto because have possile to closed bank because of digital currency, digital currency treated as a bank the online wallet system. so if you are convince to belive crypto thats your choice.
I believe that, on the contrary, at this moment we are in one of the best scenarios that nobody ever imagined for bitcoin: a team of developers committed to giving true functionality to bitcoin as cryptocurrency (at this moment I am transferring bitcoins from my favorite wallet for only 1000 satoshis of fee), many governments in the world discussing about the possibility of regulating its use to get it out of the dark, big business projects developing with blockchain technology, and institutional investment funds interested in bitcoin . I believe that bitcoin still has a lot to offer to the global economy, but you have the right to give up this magnificent opportunity.
people look at bitcoin as a way to gain from 100$ to 5M and not as a payment method.
I said not believe in bitcoin as money anymore, but you can invest and gain but it's just investing without knowing in what an why
I believe that, on the contrary, at this moment we are in one of the best scenarios that nobody ever imagined for bitcoin: a team of developers committed to giving true functionality to bitcoin as cryptocurrency (at this moment I am transferring bitcoins from my favorite wallet for only 1000 satoshis of fee), many governments in the world discussing about the possibility of regulating its use to get it out of the dark, big business projects developing with blockchain technology, and institutional investment funds interested in bitcoin . I believe that bitcoin still has a lot to offer to the global economy, but you have the right to give up this magnificent opportunity.
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