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Title: Will Wall Street hurt bitcoin? Post by: Coltcaine on November 28, 2017, 07:54:44 AM 80% (just a number I pulled out of the air) of bitcoin users now are just using bitcoin as an investment. Bitcoin is suppose to be a currency so if people are just buying it to hold and not utilize it won’t it just go up up up then come crashing down? If I knew the future I would be a billionaire I don’t I’m just thinking out loud anyone have any input on this?
Title: Re: Will Wall Street hurt bitcoin? Post by: s2 on November 28, 2017, 08:46:37 AM I doubt 80% are using it as an investment, I'd say 10% would be my finger in the air. 70% are probably using it for speculating on bitcoin's future use being more widespread.
Once viable layer2 scaling solutions appear, if they gain traction bitcoin could replace recent (in society terms) but already archaic (in technology terms) systems like Visa Debit cards, international settlement houses, bank transfers, all online shopping and possibly a good part of contracts. If this happens bitcoin's current value is insanely small, if it doesn't happen it is just trying to encroach on what gold does in a digital way. Both have their uses but I expect many are looking at the future potential it enables rather than just another investment vehicle. Title: Re: Will Wall Street hurt bitcoin? Post by: Coltcaine on November 28, 2017, 10:46:03 AM I could see that. I mean the US dollar isn’t going to get stronger only weaker. The euro well its better then dollar but not much. I don’t see bitcoin replacing visa maybe litecoin doing it. I do see bitcoin replacing bank transfers though.
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