why I'm not believing in bitcoin as currency - page 3.

toresto

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Quote from: Ozero on February 16, 2018, 05:34:52 PM

For the development of the crypto currency as an absolutely new type of financial relations, about ten years, this is very small. This is a completely new phenomenon that we have never met in the history of mankind. So why wonder if bitcoin now has temporary difficulties with scalability. This only indicates that initially the developers did not expect such an interest in it. It's the opposite in its kind of victory. It's just a problem to be solved. and maybe it will be solved by the introduction into the bitcoin of the lightning network or even by its more perfect analog, called a phantom.

the problem is not with the LIght network but how people look at bitcoin--> only a momentum for investing and nothing else

toresto

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Quote from: Arngrim on February 16, 2018, 05:25:26 PM

Well said, I really loved it.
It is not FUD. It is the truth you are trying to say here.
I hope this could open the minds of those who are just here to have knowledge about bitcoin. About the truth. It cannot be just invest and all about money.
There should be a good purpose in the future and that should also be the aim.
For now, I am giving it some time. Maybe it will change. Maybe they will see that someday.
All maybe's but the good thing is I dont lose hope.

thank you, few but at least some people do understand what this post is all about.

but there is always a hope, just being realistic.

Ozero

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For the development of the crypto currency as an absolutely new type of financial relations, about ten years, this is very small. This is a completely new phenomenon that we have never met in the history of mankind. So why wonder if bitcoin now has temporary difficulties with scalability. This only indicates that initially the developers did not expect such an interest in it. It's the opposite in its kind of victory. It's just a problem to be solved. and maybe it will be solved by the introduction into the bitcoin of the lightning network or even by its more perfect analog, called a phantom.

maaydin

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the points you have mentioned are totally right in my perspective and even people who have not any education say that btc will hit 100k without even knowing what they are investing to, it makes nonsense to me as well when I hear those things even though btc has that potential.

Arngrim

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Well said, I really loved it.
It is not FUD. It is the truth you are trying to say here.
I hope this could open the minds of those who are just here to have knowledge about bitcoin. About the truth. It cannot be just invest and all about money.
There should be a good purpose in the future and that should also be the aim.
For now, I am giving it some time. Maybe it will change. Maybe they will see that someday.
All maybe's but the good thing is I dont lose hope.

boakyei

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A currency is a medium of exchange or store of value. Bitcoins do perform all this functions, and it has every futures that a currency possess, the only difference is that it is digital and electronic.

alyssa85

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Quote from: flippener on February 16, 2018, 04:23:50 PM

It's funny how people come out of the woodwork and say they no longer believe in Bitcoin, now that it's popular and is starting to be used by everyone as it was originally intended. Were they only interested in it when it was only them and their friends who knew about it?

It's not being used as originally intended. It's just being speculated. A lot of hard won adoption from the 2013-2015 era has been rolled back (Microsoft no longer accepts Bitcoin, neither does Dell, Steam and others). The remittance industry has switched from using Bitcoin to using Bitshares. The dark markets have switched from using Bitcoin to using Monero.

A lot of adoption of other coins is happening - but bitcoin is going backwards. Apart from in speculation - there it is the #1.

toresto

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Quote from: Mike Mayor on February 16, 2018, 04:33:59 PM

Moan moan moan moan moan. That's all I read. Noone saying what's good about Bitcoin and noone seems to appreciate it. Humans are great at pointing problems out and moaning but not too good at solving them. I use Bitcoin very often and the fees are fine. If you want bitcoin to do well and used as it should be then lead by example and actually start spending some and stop using Fiat so much. Stop relying on fiat people. Fiat is the devil's work!!!

yes fiat is devil and bitcoin was developed to replace this devil and not only investment opportunity

and yes no one saying what good about bitcoin only invest invest invest

in 2012 i was fighting with people trying to explain why bitcoin and what good in bitcoin and how it's going to change the world today useless people
tackling me without understanding that i not hating bitcoin it just sucks what people made from bitcoin it's supposed to be money, not only asset to hold
and invest because the price will go up

Mike Mayor

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Moan moan moan moan moan. That's all I read. Noone saying what's good about Bitcoin and noone seems to appreciate it. Humans are great at pointing problems out and moaning but not too good at solving them. I use Bitcoin very often and the fees are fine. If you want bitcoin to do well and used as it should be then lead by example and actually start spending some and stop using Fiat so much. Stop relying on fiat people. Fiat is the devil's work!!!

toresto

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Quote from: flippener on February 16, 2018, 04:23:50 PM

It's funny how people come out of the woodwork and say they no longer believe in Bitcoin, now that it's popular and is starting to be used by everyone as it was originally intended. Were they only interested in it when it was only them and their friends who knew about it?

but investing in something no matter if this bitcoin or another crypto without knowing why it grows up, don't you think is pointless invest in the air?

when you ask people should you invest what they say??

yes but if you ask why bitcoin, besides answering it will make you rich or it will go back to 20,000
nothing to confirm that.

and yes I not looking at bitcoin as a currency of the future or anything like that as I used in 2011-12
I look at it as investment just like others and that what Grinds My Gears.

toresto

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Quote from: Walrus1 on February 16, 2018, 03:43:18 PM

I like it for the tech and possibilities. Yes it's treated like a commodity now perhaps it will stay that way perhaps it will change. Currencies are traded like commodities. The idea of Bitcoin is much cooler than it what it has become. I do think one of these, be it btc, eth or ltc will eventually be used as currency. For now I want to see where it goes. As far as it being an investment yes, I do invest in it, but I invest like I invest in Apple, not just for value but I beleive they can do great things in the future. I stay away from those pump and dump alts, they really twisted the idea of btc. Anyway I get your points it's not like they don't have validity

I hope people will understand that bitcoin is much more than an opportunity to invest, first, it's currency than technology that trying to deliver something and to do something
and then they invest but with huge different, no empty promises but knowing why to invest in bitcoin.

and not just invest it's a huge gain you can earn 50% it will go up without really explaining why.

flippener

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It's funny how people come out of the woodwork and say they no longer believe in Bitcoin, now that it's popular and is starting to be used by everyone as it was originally intended. Were they only interested in it when it was only them and their friends who knew about it?

Walrus1

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I like it for the tech and possibilities. Yes it's treated like a commodity now perhaps it will stay that way perhaps it will change. Currencies are traded like commodities. The idea of Bitcoin is much cooler than it what it has become. I do think one of these, be it btc, eth or ltc will eventually be used as currency. For now I want to see where it goes. As far as it being an investment yes, I do invest in it, but I invest like I invest in Apple, not just for value but I beleive they can do great things in the future. I stay away from those pump and dump alts, they really twisted the idea of btc. Anyway I get your points it's not like they don't have validity

toresto

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Quote from: Yesolo on February 16, 2018, 01:58:56 PM

Quote from: toresto on February 16, 2018, 11:45:32 AM

but why?

can you explain why to invest besides "it's going to grow up" "buy it while you can"
well in 2011-12 I could explain why to "invest" or not to "invest"
explain to people why bitcoin as a technology and practical use in life
and why the price is going to blow up in the future.

but not now

Yes, I can. But first, I’d like to tell that perfect investment to me means 50%-100% yearly. And I believe that the auditory of bitcoin will hit the maximum value in the next couple of years. And it will be the moment to sell it. More precisely it will be the moment when my grandma decides to buy bitcoin.

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"

Yesolo

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Quote from: toresto on February 16, 2018, 11:45:32 AM

but why?

can you explain why to invest besides "it's going to grow up" "buy it while you can"
well in 2011-12 I could explain why to "invest" or not to "invest"
explain to people why bitcoin as a technology and practical use in life
and why the price is going to blow up in the future.

but not now

Yes, I can. But first, I’d like to tell that perfect investment to me means 50%-100% yearly. And I believe that the auditory of bitcoin will hit the maximum value in the next couple of years. And it will be the moment to sell it. More precisely it will be the moment when my grandma decides to buy bitcoin.

nick_nick

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Quote from: jseverson on February 16, 2018, 06:49:09 AM

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.

I humbly support this assertion. Bitcoin is still infant because more people are yet to understand cryptocurrencies and how it work. I strongly believe in Bitcoin and know it would bounce back; however you may also have your reasons for wanting to back off

tetyulfania

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You have the trouble with the ico coin and you can make the fault to make the words of bitcoin is cam and you will not believe the bitcoin, same the ico project is manage by the owner have bad reputation, and they are the owner of ponzi, so they have the attitude to lie all of investors want to invest their money in ico, they put the ico and coin name for their project, but the main of their goal is to scam all of investor, so you can say bitcoin is scam.

toresto

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Quote from: Yesolo on February 16, 2018, 08:19:54 AM

And yes, I think that Bitcoin is a perfect investment... for the next couple of years Wink

but why?

can you explain why to invest besides "it's going to grow up" "buy it while you can"
well in 2011-12 I could explain why to "invest" or not to "invest"
explain to people why bitcoin as a technology and practical use in life
and why the price is going to blow up in the future.

but not now

BrewMaster

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There is trouble abrewing

Quote from: toresto on February 16, 2018, 07:48:05 AM

in 2012 the only question that people asked me was
"what is bitcoin?"

today only one:

"should I invest or not?"

what you say is true and people need to know bitcoin as a currency more than they know it as an investment but you can't blame them for it because it appreciates a lot and will continue to do so for a long time and that will make people want to think of it more as an investment.

also i want to mention that things weren't so different in 2012 either. maybe in 2009 and early months of bitcoin release what you said was true but ever since it was listed on an exchange and trading started and price went from $0.01 to $1 people have been asking "should i invest in bitcoin".

CryptoWorld87

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kingcasino.io

i agree with some of your points in there specialy about the fee todays is too much that if you send a small amount you have to pay higher and if you want faster transaction then you have to pay more higher. sopposedly if you send an amount like 50cent the payment fee is more lower like 3 cent for example but it happens now that the fee is more higher than you have to send. about the faster transaction i wish LN can solve this problem.

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