Would Bitcoin become irrelevant or remain the King? - page 4.

kelvinspeed

newbie

Activity: 5

Merit: 0

Quote from: Tamilson on November 21, 2018, 11:41:53 PM

You've already said that you're a big fan, so in short you knew all the important nor the risk of having it, and if the price make you worried then your losing the process.
Every coin has its own problem and bitcoin as an innovative one so problem will surely occur every now and then. What's happening now is just pure manipulation in which whales are accumulating.

Having $4k for its bottom is actually a perfect time to buy.

Exactly because every useful coin must be tasted to know it's strength n value n one such method is economical push n pull on a coin, I also believe that much work n acceptance on bitcoin wont allow it to crash or become irrelevant

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: project_delta on November 21, 2018, 11:13:45 PM

So I am a big bitcoin enthusiast, but I realize it has problems. Also more and more people are trying to perfect their algorithms.
What if they reach their goals and bitcoin becomes irrelevant?
The price drop isn't showing that great either!

As others have explained, it has flawed but there's this so called solution - Lightning Network. I advise you to read all about it. When you say bitcoin becomes irrelevant what are your basis? The price? Like going to 0? Or people finding other coins to used either as payment method or SoV (store of value)?

I'm assuming that you're looking at the price for you basis if so then bitcoin would be still be relevant because there's no other coin that even get close to what the price of bitcoin has reached so far. On the contrary it might just be the beginning, the price drop that we witnessed in the past week might be a good indication that the bullish cycle might come to an end and 2019-2020 will the year when the bulls started to get control of the ecosystem again.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

First of all, Bitcoin is not defined by it's price. Secondly, Bitcoin is programmable code and it can be changed with the changing demands of the people. We saw that Bitcoin had some scaling issues and the developers added code to address that issue.

So whatever other people can do, we can do better with a team of highly skilled developers. Bitcoin is the mother of all coins and people should respect that. They would not even exist, if it was not for this ground breaking technology. Wink

kingcolex

sr. member

Activity: 254

Merit: 1258

Bitcoin has something no others could ever truly have something that was incredibly unique, an anonymous leader that stepped away and didn't spend his coins. That's insane to really even try and comprehend, how many of us say sure we wouldn't touch it but to have at times a billion right there and never spend a dime of it? That's wild.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: project_delta on November 21, 2018, 11:13:45 PM

So I am a big bitcoin enthusiast, but I realize it has problems. Also more and more people are trying to perfect their algorithms.

"More and more people are trying to perfect their algorithms"? Who are those "people" and what cryptocurrencies are they "perfecting"? Cool

Quote

What if they reach their goals and bitcoin becomes irrelevant?

But Bitcoin has reached its goals and it is reaching more. Most of "them" will never reach their goals. Do you believe Ethereum will be the "world computer"?

Bitcoin is an open, secure, censorship-resistant store of value, and it is provably scarce. It also gives its users the ability to private key ownership, which is an inviolable "property right". More inviolable than stocks, real estate, and gold.

It will always have value.

Quote

The price drop isn't showing that great either!

But what was Bitcoin's price 7 years ago?

Jating

hero member

Activity: 2842

Merit: 772

Quote from: project_delta on November 21, 2018, 11:13:45 PM

So I am a big bitcoin enthusiast, but I realize it has problems. Also more and more people are trying to perfect their algorithms.
What if they reach their goals and bitcoin becomes irrelevant?
The price drop isn't showing that great either!

I think if you're going to look at the previous bearish market, its a lot worst than what we are seeing and yet people didn't abandon bitcoin but they just HODL on it and I'm sure many of them make tons of money in 2017.

If I'm in your shoes, I wouldn't look at the downside as something negative, but take the opportunity to accumulate at this very moment and let your bitcoin sits on your hardware wallet or in your Bitcoin core or Electrum and wait in 2019-2020 and see how your investment goes.

oppasong

full member

Activity: 476

Merit: 100

bitcoin does not mean that it is not risky, but basically bitcoin is decentralized so what happens now with the price of bitcoin is decreasing every time everyone thinks that bitcoin is not useful but we have to look positively about the crypto world.

Tamilson

hero member

Activity: 1022

Merit: 503

You've already said that you're a big fan, so in short you knew all the important nor the risk of having it, and if the price make you worried then your losing the process.
Every coin has its own problem and bitcoin as an innovative one so problem will surely occur every now and then. What's happening now is just pure manipulation in which whales are accumulating.

Having $4k for its bottom is actually a perfect time to buy.

YOSHIE

legendary

Activity: 2128

Merit: 1775

Quote from: project_delta on November 21, 2018, 11:13:45 PM

What if they reach their goals and bitcoin become irrelevant?
The price drop isn't showing that great either!

It has become a risk for the Bitcoin user himself if the price of Bitcoin remains the current price, and people buy at high prices.
But I am sure Bitcoin is the most popular digital currency in the world today and I see every move of the Bitcoin in the price of other coins also moving and vice versa,
well for that I think Bitcoin will not die and continue to prosper all the time waiting for time. positive thinking and focus on investing better.

pooya87

legendary

Activity: 3472

Merit: 10611

bitcoin has problems but it still is a damn good decentralized currency. in other words the benefits and positive sides of bitcoin are a lot more than the problems. that means any problem (which are small ones by the way) are acceptable. as a result bitcoin will remain useful and "relevant".

as for alternatives, so far we have not seen anything that can come close to be useful. they are improving indeed but their problems are much bigger that in their case the problems overshadow the benefits.

project_delta

jr. member

Activity: 98

Merit: 2

So I am a big bitcoin enthusiast, but I realize it has problems. Also more and more people are trying to perfect their algorithms.
What if they reach their goals and bitcoin becomes irrelevant?
The price drop isn't showing that great either!

Topic: Would Bitcoin become irrelevant or remain the King? - page 4. (Read 869 times)