Topic: Why people are still buying BTC? - page 112. (Read 13694 times)

You're lucky you won. Someone I know sent a sealed, brand new laptop to someone. They got the package, opened it and then put bricks in it to take pictures as proof that the laptop was never actually sent.

Right -- I recently sold some mining hardware to someone overseas, and not being familiar with Paypal's exorbitant fees, kicked myself for not accepting payment in BTC ... especially after the buyer filed a dispute with Paypal trying to say the product didn't meet up to description!  Well luckily I won the dispute ...
OH and ALSO... it'd be effin HEE-LARIOUS to see someone try to rob someone else of his/her BTC at gunpoint!!  Pure frivolousness.

It's one of the few ways to combat Paypal and Google Wallets too! Both of those are buyer-based and if someone gets mad at you and does a chargeback you not only lose your item and your money, but they will also charge you extra for the chargeback (it's like $30 for Google and 25 for Paypal).

Because the concept of an email-able store of value that outperforms gold and has no counter-party risk and is mostly anonymous and the entire history of transactions is public and transparent and storage takes up zero physical space are all... revolutionary?  Never been done before?

...

NAH, OP is totally right --  completely useless!!!    

People are buying them, because they are using them to buy things.

When the price falls, they get more coins... Why would they NOT buy them? If you were told you could get 3000 burgers today, or wait until tomorrow and get 4000... would you NOT buy the 4000 if you wanted burgers?

Why, because this coin is marketed, unlike many of the scrypt-coins which are just diversions to distract the idiot pump-n-dumping morons who normally cause trouble on the BTC chain. They trade expired labor for expired labor... lol. (Talking about the unmarketed coins. Not the marketed scrypt-coins.)

Marketed scrypt-coins (No perticular order.)
- WorldCoin
- LiteCoin
- DigitalCoin
- BBQ-Coin
- MinCoin
- LuckyCoin
- NovaCoin
- BitBar
- Nibble
- MemeCoin (Yes it has a market. Meme's.)
- SexCoin (Yes, it is still alive and being sold/purchased off-market, to reduce the pump-n-dumper moron damage.)

Unmarketed
- FeatherCoin (Was intended as a CPU alternative to bitcoins, now raided by all the GPU's. Hit the hardest by the pump-n-dumper, since it had one of the lowest diffs.)
- FastCoin (An ADD coin, for the impatient to mine.)
- CHNcoin (China-coin for Yuan? Might be marketed in china. Yuan to USD is dropping fast, so not worth any US investment, unless you get it when it peaks low.)
- Phenix (Misspelled Phoenix? lol. They live there, and they still misspelled it! Obviously a failed attempt to be creative.)
- HyperCoin (The other ADD coin, for the impatient to mine.)
- Franko (Good old Franko... You can buy his old socks and underwear with the coins, guaranteed... and also possibly a few ounces of Oregano.)
- PowerCoin (Yes, we are all making the power-company lots of money, this coin is just doing it faster than others.)
- ElaCoin (OMG Ellen has a coin! NVM it's Ela, the Enduser-License-Agreement that drains your wallet.)
- AmericanCoin (Made in china. Nuff said. CHNcoin trying to capture both markets. It's as american as... Pizza, as hot-dogs, as Indians... Oh wait, those are all foreign things from other countries too.)


Any other not listed... I would assume has zero-market also... Or is dead in the water.
http://www.coinchoose.com/

More coins and "markets"....
http://www.coinwarz.com/cryptocurrency/
http://dustcoin.com/mining
http://www.wheretomine.com/

A lot of people lost, are loosing, and will lose a lot of money

Not usually.  That only happened to you because you got suckered into the "free bitcoin" deal.  You accumulated a ton of tiny pieces of bitcoin ("dust") that cost money to merge back together.  It's like you showed up at a jewelers with a bag full of gold dust and asked for a ring.  There'll be a pretty hefty fee to melt all that gold down and craft a ring out of it!

Bitcoin shouldn't be gained in tiny near-worthless pieces.

+1

totaly agree with you

I've also launched a retail site on coingig for selling products.
Airosft in Canada with Bitcoins may be a small or damn small market, but I sell the product locally for cash I'll be sure to help the BT market out and offer them online as well!

I have 3 sites currently that will be accepting Bitcoin, you cant really compare generations of infastructure with a new technology spanning a couple of years. By your logic we might as well give up space exploration because it is easier to explore the Earth.

This stuff, but the most important is how amazing it is for businesses. It is MUCH more profitable for a company/business to use btc than fiat due to the extremely low costs in comparison and especially because of the non-refundable side of it. Don't get me wrong, big companies using btc still have (and will) setups to refund people using btc. But with btc they can't be scammed so much. And the lack of charges from banks.. As businesses across the world recognize its various strengths, people/users of those companies/business get bit-curious and buy some, then use it for said company, and then probably others with their remainder of btc.


Hence bitcoin will not solve ONE BIG problem - it will solve many small ones.

This I slightly disagree with. Bitcoin will solve many small problems, and ONE BIG problem

There are other interests that have replaced the Cyprus hype, and more are likely to come.   As for mining, you could mine Litecoin, and buy Bitcoin with those.

Two issue's I see you have,

One you went to an advertising site "daily bit what ever" and hoped to make a fortune after only a few clicks in an hour or two.
These site's also exist that pay real money and you will only make pennie's doing it. Don't kid yourself.

Second calling them Bitcoins is where a lot of this issue comes from.

Stop looking at them as a currency in the FIAT sense.
This is not the euro, CAD, USD etc.

Think of a coin more as a precious metal. Compare it more to the likes of an oz of silver or gold etc.

We know silver exist's. most of it's use is cosmetic and wasted, we know in a Finite metal along with all the others.

People still buy it, still hoard it, I have bars in my safe of silver. It's just a metal bar. and in the term's of money/spending it's the exact same thing as a bitcoin. The bitcoin is just a new aged version of silver.

The entire world could decide silver as useless aside from the electronics side of it's use, and it would plumit.


The biggest issue is that it's called a coin. damn currency should be referred to as a bitounce lol. As it's not really a coin/cash currency more like a gold/silver currency.

You can buy and trade in 1/100 ounce of gold right now....

Quite the contrary. I was merely explaining Viceroy's point of view.

I still would like OP to better describe what he was actually doing to get the few mB over a couple hours. Was it visiting dodgy websites that promise to pay out bitcoins, or was it mining with a cpu, or something else?

Same lol

To be fair, I also spend some hours on some free bitcoin sites, although I knew the amount wasn't really worth it.
And I was also kinda frustrated, when I couldn't send the coins after I have gained ~0,002
Wanted to try how the Bitcoint client works and couldn't do anything with the coins. At least I could try out how receiving coins works.

So you just assumed that I am a troll because I made a mistake and wrote "supply" instead of "demand" in one post?
So if I find 1 spelling error in your message that means that you are the worst deadbrain cocksucker in the whole world ?
How can that make sense?

I stopped reading your message after this line ...

If you're spending 'hours' earning only 0.002 BTC then you're either being ripped off or you need to study economics, I suspect as well that you've been to one too many advertising sites thinking that you'll get rich off them, you won't, those sites are pretty dodgy. I know some of the owners are clearly just handing them out for the hell of it but I personally believe others are trying to data farm for peoples receive addresses like with emails, you simply won't earn money on them, I particularly dislike the way a certain group of them are re-inventing words and mathematics to describe 0.00001 BTC to make it seem like you're getting a lot.

If you want to earn money, get a skill set and earn it by offering services or goods for Bitcoin, I think the beginning stage of mining for millions worth of Bitcoins is over too.

Let me help you.


You aren't supposed to gather Bitcoins from freesites, they give amounts that are worth way less than cents (in short, absolutely useless atm).
The transaction fees are low, if you put them into perspective of real money amounts.

When paying a fee for your transaction the time until it takes place is reasable, too (not years). But yes, it can still takes a day, if you are really unlucky.
Still way faster than bank transfers.

Miners gain the fee - so it's worth it, but you shouldn't mine on normal PCs.

It's true that there are a lot of problems.