Bitcoin Forum

https://seekingalpha.com/article/4082254-bitcoin-garbage-embrace

An antidote for the garbage article. That article was entirely focused on volatility, but this guy has pointed why bitcoin is not a garbage, including the store of value aspect.


This point is worth noting.



Bitcoin is indeed a viable medium of exchange, but to become a dependable one bitcoin needs to be embraced by more people which eventually would happen.

Bitcoin is really not a garbage and we ahould embrace bitcoin.Because bitcoin is really an important thing ,it is important as money.Through bitcoin i am able to earn and use my money wisely.And by this i can provide some of my financial needs.

I read the article, and really agree with it. Why the hell people say bitcoin is garbage? Have they try this out before? Or just saying some nonsense because of some rumours?
Bitcoin is really worth it to embrace. Why? Because we will get benefit from it eventually. Like when the value increases, we'll get more profit. Or when we need emergency money, we can use it. And also make us have extra earning by this.
For those who said bitcoin is trash, maybe they just don't understand about this thing lol.

True, bitcoin is far from garbage. But fact that it can make YOU profit or YOU use it as an emergency money doesn't make it any better. This are just things that are beneficial for you, in the present time and it is because you are early adopter. But the article is clearly talking about money in general. Real benefits of bitcoin will be seen when it will really be one of the major currencies of the world.
It is true that the value of bitcoin should be increasing, but that is consequence of limited supply and inflation of FIAT money.

" There is one massive difference between Bitcoin and any other fiat currency in the world: Bitcoin has no central bank that is diluting the purchasing ability of the coin. In fact, just the opposite. "

Not a lot of people are getting this and that is a pity. If they could show more people how negative fiat currencies are in comparison to Bitcoin,

then people would stop using fiat. Governments first take +/- 50% of your income via taxes and also steal your wealth due to currency

manipulation and bad political decision making that are costing your government millions.  >:(

Was it a joke?  So funny if it was.   As if we will believe that it is a garbage.  Maybe that article was made by anti-bitcoin person who have bitter experience with it.  Only someone who do not knows bitcoin well will believe  that news.  You will actually waste your time if you will going to read that.  Better to do some gambling than reading that article.

Well the fact that bitcoin can surely be use to profit because of the price increase is a great offer for us, and the bonus for this is bitcoin is definitely a currency that can engage in all sort of transaction and taking a much more easier way in to make a lot of transaction issue more convenient in the future because there will be a number of people that will surely adapt bitcoin so we can make a direct transaction towards it, well major currencies I think bitcoin is a currency but bitcoin doesn't have a direct country to make it as currency, bitcoin is more on the commodities type of investment, and earning it in many ways was the thing that I like the most on bitcoin, whether it will be on mining, signature campaigns, faucets (even if it is time consuming) trading, and captcha solving!

It is quite funny that the more there are people talking about Bitcoin like it is some type of a garbage, a scam, a hype or anything that can be considered as a negative review, the more people are taking notice of Bitcoin and the more we can see the value of Bitcoin pointing upwards.

What is happening right now in Venezuela is a testament of how Bitcoin can be useful when there would be economic difficulties and political instability...even if the government is not officially recognizing Bitcoin.

As time goes by, we are expecting more and more practical applications for Bitcoin and the more we can see how valuable it can be as a form of money, as an investment or as a newly found technology that can be utilized for the greater good of humanity.

Bitcoin is not perfect but it is becoming much better compared to what traditional financial systems can offered to us.

Whatever your opinion on bitcoin the original article in marketwatch was surely garbage.  The guy creates a fictional bitcoin user then argues with his creation. And, of course, wins the argument with himself . WTF?

I can do that.  ???

ME: What is marketwatch good for?

Marketwatch reader: I like having sex with animals.

ME: But what's it good for?

Marketwatch reader: Ponies are soo cute.

What I have proven is that Marketwatch readers are into bestiality and that is the only reason they read marketwatch.
Therefore marketwatch is only good for having sex with animals.  

I'm one of the people on the team "Bitcoin isn't garbage" but your points are the shitty ones that aren't going to help anyone. Saying a value increase is going to help people could work with anything, well yeah if I buy this water today maybe I can make $1 on it tmmrow if I sell it. The point is dumb and isn't even on which is helpful in the least.

MOVING ONTO THE POINT ABOUT EMERGENCY MONEY. How good can this emergency money be if you really can't even use it in the least? Not like many people accept it in a real life non-internet environment as not many shops accept it (SOME DO THOUGH!)

Some people come here and say BTC is trash due to the medias bashing of it and saying it's only usage is for laundering, gambling, drugs, etc. That's fair as that's the only thing they know about the currency but they must be educated. Also, BTC is facing large network issue right now so it's not like we're in the best state as well here.

Though, I am still on team embrace Bitcoin.

I've read the article from the link but not the other one that states Bitcoin is a garbage. I see no point about reading a garbage article in the first place so why will I even bother. The main article is factual but does not have new information at all. Well to a person who is new about cryptocurrency and Bitcoin, the article would serve as an enlightenment.

I swear when I read stuff like this (the original article) it just has to be FUD. I just couldn't be bothered to research a topic I wasn't actually interested in; the level of detail in these articles suggest a level of involvement that makes you question the writer's motives. You know this much about bitcoin, yet you see so few redeeming qualifies? Doesn't sound genuine to me.


I think these guys buy on the dips they create, using their platform to temporarily effect the price. If bitcoin were regulated like other assets, stuff like that would be illegal :(

People are into bitcoin to make some money and the haters are the ones that did not have the opportunity to make any substantial profit since they were late and so all they can do is to piss at it and so is the reason you are hearing all these weired opinion from different people and i am sure that the people who are talking these never held one bitcoin at any given time.

I am embracing the fees so hard right now. I am hugging them closely and won't let them go. Because my life is not complete without these fucking fees man! Freedom in fees, fees in freedom. Fuck yeah!

It is not a garbage it is verty useful today as of now I use these bitcoins as my savings and it is not definitley nonsense.It make sense because many people are being rich and having a growing status today.And millions are using bitcoins and many are embracing it

The votality, high fee and longer confirmation time is the only thing I dislike with bitcoin. Generalizing bitcoin as a garbage because you hate one of it's feature is dumb if you will not consider the postives about bitcoin. So far I use bitcoin as investment and as a savings account. If you are not the type to be patient with how bitcojn works, then convert your money into another coin or stay away with cryptocurrency.

After reading this article, I totally agree with this guy, I feel like the hate towards Bitcoin is way too much and way too unsupported, I feel like there are way too many people who hate bitcoin and don’t now anything about it. I think the reason why is because so many people hate bitcoin right now is that it seems like an opponent to their daily lives. People hate change and bitcoin is a change to those people’s payment options.
 
This person who made the bitcoin is trash article either has some personal vendetta against bitcoin or is just oblivious to all the good that bitcoin has done. Why didn’t he mention how bitcoin created jobs for people, how is a new piece of technology that can make people’s lives easier? The recent events that happened in Venezuela is an example of this.
 
People like this, who write articles shaming something without much research, just really get on my nerves.

According to me fees is only big head ache for all the people who are all using bitcoins. You can find the so much implementation on blockchain technology and bitcoin. There many ICO coming up and many blockchain data security system by the international finance projects.

Exactly, bitcoin is not a trash, people who said and posted those kind of words does not know anything about bitcoin and maybe they cannot see how beneficial is when you hold a coin. People need more enlightenment on how they can have and the possitive benefits of having it despite of the long process it takes in transaction now we need to consider the massive transactions it is taking every now and then so it does not mean we need to consider things before judgement.

I can understand your frustration. A few days back, I paid a withdrawal fee of BTC0.0015, to move BTC0.01 to my personal online wallet from the exchange wallet. At least when compared to the fee we had a few months back, this amount was significantly higher. Well... Let's see. SegWit is at 70% consensus right now. If it fails to achieve 80%, then we can wait until August 1.

Everyone is entitled to their own opinion on cryptocurrencies including Bitcoin. Some people absolutely love the idea of online currencies while others completely despise it. It really comes down to personal preference but this article does bring up some good points. I would like to start off by saying that Bitcoin is definitely not garbage in my opinion. It has strong potential but it has hit a block in the road as not many people know about it. As Bitcoin slowly becomes mainstream, the price should go up and at that time, everyone will see that Bitcoin is definitely not garbage. Another huge problem is the fees, why would anyone in their right mind invest into a currency where they have to spend a huge amount of money just to send that currency to someone else. It really doesn't make any sense.

I think that this is an excellent article in response to marketwatch's article.

First of all, let me just say that marketwatch is filled with fiat supporters, central banking supporters, so they have a direct conflict of interest. Obviously, bitcoin if mass adopted would be infinitely better than the current fiat system, as it does not fuel bubbles, it does not hyperinflate, nobody is in control of it 100% like the government is, and there is no fractional reserve.

The quote from the original article about how bitcoin is garbage(not this one) basically sums up how ignorant the author actually is on marketwatch:


Show me one guy on this forum that would say this.

I really don't need anyone to write an article for me in other to know that bitcoin is not a garbage the number of people on this forum as well as outside it involved in bitcoin is enough testimony to that effect. To those countering the people who believe bitcoin is garbage, they should continue to live in ignorance while others that are ready to absorb should come into the game before its fully overcrowded.

The title says it all. Don't just talk some garbage sense about bitcoin because it will not help you to improve yourself or something, just embrace bitcoin and study it after you embraced it so you can have a good progress because i believe that nothing improves when you are just focusing in negative things so it is like better to have bitcoin or leave it kind of thingy.

If those speculators playing unfair, I will not seemingly entertain their rumors but I am putting my bows to those who can prove it litterally that bitcoin is a garbage. Then I couldn't see it as a reason to be cold against bitcoin and those people saying garbage on botcoin will turn out to shame like what's happening today price now at over $2000 ; and that's a big embarassment to them. Upon hearing it as a very bold comments on bitcoin as a garbage, I really believed that bitcoins always relied on the foundations you had of your entire life.

The fact that bitcoin has a value has already proven that bitcoin is not a garbage. Articles appearing and stating that bitcoin is garbage was a waste of time when you read it. Maybe those people who say that bitcoin is a garbage did not enjoyed the benefits we have fro bitcoin. So thanks for this article, it will serve as a relief to the viruses saying that bitcoin is a trash.s

Bitcoin is a blessing thats comes from above and i catch it and embrace it. Bitcoin is one of the key to keep out from poverty. That is why i love bitcoin so much ,i really really love bitcoins.

What are you saying man? Bitcoin is a blessing? It us not a blessing, you can't catch it, and you can't also embrace it. And I don't know why bitcoin keep you out of your poverty, it is just a digital currency used online. If you are poor, I don't know how you afford to use bitcoin nor use a computer and have a good internet connection.

And what are you saying also.  He just using a elaborative definition of how he or she feels about bitcoin.  Do not be so literal.  It seems that you have a bad feeling about bitcoin.  It does not good to read about what you have posted.  As if you experienced something bad about bitcoin.  Being poor does not mean you sleep on the street just like beggars.  Plus there are many internet shop around so computers are readily available.

Only those who do not completely understand bitcoin and blockchain will say that bitcoin is garbage. The article is correct in pointing out the key points in bitcoin. Bitcoin is not yet perfect and it have its flaws but saying it is garbage is too much. In time, people will notice the value of bitcoin. Lucky are those who noticed it before the majority does.

Anyone who claims bitcoin is garbage is not someone that understands where bitcoin has been and where  it is going. Those are the  words of someone that is upset they missed the gravy train because of bitcoins volatility. Even if it were garbage, I would embrace it; but it's the core values that constantly bring in new users and keep it improving.

For those claiming bitcoin is a garbage maybe they are not happy with bitcoin nowadays. But me Im thankful of bitcoin because I learn a lot when I learn bitcoin. Bitcoin help anyone by providing a source if income that really supports financial needs. Bitcoin is really important to me for years that Im using it.

Only those who don't know anything about the value of bitcoin or that they can not invest in bitcoin new say like. It was a mistake when many people think bitcoin is a scam no different stuff.We can prove that the value of bitcoin not the same as garbage, it will continue to grow further and attract more investors.

Embrace and wait for the good future that lies ahead.
That is all I can think of now.
I envy those who hold a lot of bitcoin since the day it was still cheap up until now.
And when I keep thinking about that. It gives me courage to not spend it or sell it.
Embrace the fact that it is really used for illegal currency but still there is good in it. Try to fight it back with those who spreads it so that somehow they would have other things that can think of and might research if it is true.

We do have our own views about bitcoin because we are different on some way.Lets say that most of us do really appreciate bitcoin but there are others who wouldnt like it because of its advantages or any other reasons and we cant blame them since that is their own view to bitcoin as long we do know what we are doing and we know the risk on engaging to bitcoin then i would say it should be fine.

He is entitled to his own opinion about bitcoin. But us believes otherwise. We all know that bitcoin is not a garbage, tell that to the countless people who have became rich through bitcoin. Or investors who are stashing huge amount of bitcoin in their wallet because they think that bitcoin is safe for storing their wealth. But we can't impose our will to others because some of them don't believed in bitcoin. So could only stick to our own belief.

The votality, high fee and longer confirmation time is the only thing I dislike with bitcoin. Generalizing bitcoin as a garbage because you hate one of it's feature is dumb if you will not consider the postives about bitcoin. So far I use bitcoin as investment and as a savings account. If you are not the type to be patient with how bitcojn works, then convert your money into another coin or stay away with cryptocurrency.

It is surely not garbage and in the coming years calling it garbage would be a shame to yourself and it will show all of us how greedy the person who said bitcoin is garbage really is. If you were one of the early investors you would understand and respect bitcoin the haters are currently just regretting for not buying at the right time.

But I think that is a little exaggerated. And I don't feel bad about bitcoin and also do not have any bad experience with it. Though, if you are a poor person, you prioritize yourself to go in these internet shops than giving yourself a good meal everyday? Do you think that is good? Poor and beggar have differences, poor, don't have enough money but they live in a house but not well fitted for them. Beggars just sleep wherever they can sleep and begs for food.

That can't  be helped right? Being popular means you must have haters. Though I am also thankful in these digital currency where it gave me extra income and helping me pay some bills, I think without it, I am still in the roof of my mother whining how to get a job. It is not that important to me, though it is great that it helped me stand up.

I think those people who are saying that Bitcoin is garbage are the people who lost a huge amount of money because they don't know how to manage their Bitcoin properly and they are saying thise things because they blaiming it for their incompetence.

Yes most of new trader/buyer don't know how to store their bitcoins and many of them keep buying bitcoin when it is in peak price. When there is some correction just after that pump, they become panic and sell all they have. On the end they will actually loss with price volatility and start claiming that bitcoin is just a bubble and can't be stable investment

Seems most people are better off just holding their coin rather than trying to trade the volatility. Almost always they end up with less, unless you have long term experience trading elsewhere.

How can we say that bitcoin is just a garbage? We can't say that because there's a lot of people was helped by bitcoin. Of course, bitcoin is really important today especially to those people using bitcoin for their daily needs. I earn bitcoin in this forum that's why I'll work for it to support my financial needs. I will embrace it as much as it helps me a lot. It was so encouraging when I faced the world of bitcoin. Though people don't care about bitcoin but, we all know that there's a lot of important things behind it.

Clearly lol,bitcoins is not an garbage at all it is a gold for me and an answer for my financial needs it really helps me alot so no once can call bitcoins as garbage those people are those pathetic ones who doesnt know anything about bitcoins

I do not agree if bitcoin is said to be garbage. Bitcoin for me is gold. That can make money. For me bitcoin is a source of income and future investment.
 I am glad to get to know bitcoin. I hope bitcoin can be recognized by all circles of society.

I agree. Bitcoin is precious, as precious as a stone and i dont want to lose it nor forget it. I dont want to hear people that thet are saying that bitcoin is garbage and we cant earn money on it. And it is better to earn alt coin than that. Bitcoin is the first coin ive known and the most coin that has a greates value of all time.

Whoever feel its a garbage are free to feel it. Those who feel its a gold they know it . So we do not have to actually judge it because everyone has their own opinion and intellectual enough to make use of bitcoin. Well for the country that has ban btc, for their citizens inspite of knowing the btc and its uses it would be useless for them.

I disagree if they say bitcoin is just rubbish, what they know about bitcoin is very small, they have no insight about bitcoin, then say it is just rubbish, so far I really believe bitcoin is not garbage or just crap, because many already Feel the results or benefits of bitcoin itself, many of them are already successful from bitcoin and get satisfactory results, and maybe that says bitcoin is rubbish is a person who only sees from a different point of view

Bitcoin is really not a garbage,  many people gain alot of opportunities to earn here in bitcointalk, bitcoin as the no 1 cryptocurrency. Is really a huge thing for us. It is fast and easy to receive or give money worldwide, you can ask for others services and pay them with btc. Btc is really helpful to us.  I embrace fully this bitcoin because it help me alot.

i don't get all this alarms about the fee, really you can use bitcoin on purse.io and save up to 23%, which will kill any fee easily

also using bitcoin on expensive item, to purchase them online will make the fee not that relevant

and also bitcoin allow you to evade tax if you buy stuff abroad , because in almost all country bitcoin is not directly taxable for now, that's another huge saving, you can really save a lot with bitcoin

The article is nice but every one knew all this, it was just that people got blinded by their lust for Altcoin and lost their way and kept saying Bitcoin wasn't nice. Bitcoin is and only coin one should have with him cause at the end of time only Bitcoins will survive. People forget what Bitcoin has done, rather just take a short coming and go berserk, for me there only one love Bitcoin. And this article touches on some very nice points hopefully people will change their views.

I don't think that a lot of people have actually read the original article from marketwatch. (http://www.marketwatch.com/story/stay-away-from-bitcoin-its-complete-garbage-2017-06-15) If not, please do actually read it before you comment on this, becasue clearly you are demonstrating no idea why this article in question is even being discussed.

I believe in bitcoin. Some points in the marketwatch article is legit, but a lot of it is exaggerated, fabricated, or just outright FALSE and misleading. I commend the author of this article for responding strongly, although a few more points could have been added. The article focuses too much on the idea that bitcoin is a medium of exchange, but not so much on the idea of bitcoin is a store of value as well.

- Bitcoin have short term fluctuations, we don't deny that
- Fiat currencies are pure garbage, as they are controlled by a single entity. (somewhat touched on in the article)Bitcoin has no one controlling it that can just say alright, lets do this, without consensus from the community
- Bitcoin has a 21 million coin cap, meaning that bitcoin is a long term store of value.

Lol, that is the DH Taylor and you stumbled upon one of his internet vomit spills by accident.  This is not news and this is not anything that people will read, so do not worry.  The guy started out a ways back and has about ten different names in the under current financial conspiracy guy internet world.  There is him, a few others, his other alternate posting personalities and a handful of lost souls down there that write and read this stuff because the upper world financial guys won't tolerate their drivel.

No need to really fully embrace bitcoin right now, as it has a lot of issues that need urgent attention. I don't wanna get too high or too low on bitcoin and think that this is going to solve all my problems. I'll just continue using it the way I have been since last year, and hope that improvements in speed of transaction and fees involved are solved accordingly.

The topic title  says it all. Bitcoin is definitely not garbage even though the fees in bitcoin is rising up bitcoin is still formidable cryptocurrency. Bitcoin gives opportunities to alot of people worldwide because many is earning a money/profit from it. Hence people will still embrace this bitcoin that includes me ofcourse.

Yes,mass adoption is taking place all over the world.Bitcoin would not have survived for past eight years if it was a garbage.It has turned lives of many people making them financially independent including me.Only people who would hate it would be the bankers since it has turned to be the worst nightmare for them.

It is crazy when someone calls Bitcoin as garbage while its present value is extremely high in the market today.

I've seen both articles (This and the opposite) and I like the points made on this one, also considering everyone knows about the volatility of bitcoin, then you realize the risk of your own investment, it's not bad IMO and there are plenty of people accepting that risk.
The first one was as biased as it could be, a great example of the 2011-2013 media coverage.

i think such people need more introduction about bitcoin, they do not know anything about bitcoin. if they will properly introduce to bitcoin then they will surely start loving bitcoin and will surely even become active member of bitcoin world.

Whoever thinks bitcoin is garbage is ignorant, they need to educate themselves and learn a lot more about bitcoin before calling it garbage. Imo bitcoin or the technology behind it is one of revolutionary discovery / invention with the potential to remove all the flaws and drawbacks the current various different economies based on fiat currencies have.

We can really never know why there are people saying such things, and I think we need to respect what they are saying that is their opinion about bitcoin, and we never really know what really happen in whatever aspect he goes through just by saying those words and we can not let our emotion just burst like that, maybe there are a bad thing happen to him while he is investing with bitcoin we can really never tell, because many of us here is a bitcoin enthusiasts and I think we can really have sympathy with him if something like that happen to him right?

No one said that bitcoin is garbage, it's pulled out from context. Because of fluctuations some people think that bitcoin is just a scheme for rich people to get richer, and of course people that thinks that are wrong. I don't see the point of further discussion about this matter, we know what bitcoin is and this kind of I see as a trolling, it's obviously. Bitcoin is number 1, and its going to be like that in the future, and like every number 1 there will be always some hatters that will speak negatively, let them.

I would totally embrace it, bitcoin is not a trash, bitcoin is a way we can earn a living, bitcoin will make it's own legacy in the world of currency and perhaps it will be recognized in the whole world. To those persons who says that bitcoin is only a trash, well they don't probably know what is the meaning and what bitcoin brings in one's life, if they totally embrace bitcoin they will probably the meaning to have one.

Bitcoin is a currency valuable technique. Bitcoin gives us profit when we invest in it, it is far from spam.Here is a thought deviations, we can't rely on value ranges that definition, bitcoin is garbage.

Every once in a while, someone that touches these articles here and there will post a link for someone else online and one of the articles breaks the surface in the real world, but only long enough to get scared and dive back below. 

Many more people will have come in contact with better and more tangible Bitcoin talk than that and it will not affect anyone at all. Everyone knows the reality.

Obviously...
Who told that, Bitcoin is a garbage??
Bitcoin is a number one virtual currency at present, many people are using Bitcoin in various purposes, not only that but also Bitcoin is becoming a profitable and credible currency across the whole world. It's getting bigger and popular day by day.

Indeed. What garbage that have a price over $2700 for each bitcoin ? Many people might said bitcoin is a trash/garbage who don't know what bitcoin is, but when they start know what and how is bitcoin works, i'm sure they will take back their words.

In theory, Bitcoin will become less volatile as the number of coin owners rise. Stability in numbers. At the same time though, the value will rise. Strength in numbers.