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Title: Which Bitcoin Is Not? Post by: CryptoBry on May 29, 2019, 07:29:42 AM As Bitcoin is once again at the $8,000+ level, there is a raging excitement and a big buzz in the marketplace on the King of Crypto. People are asking if this can be the start of the big bull run -- the big one to push Bitcoin beyond the $20,000 zone almost achieved in 2017.
With all the hypes and speculations surrounding Bitcoin, here are some bitcoin FACTS and why bitcoin enthusiast like myself love it, trust it, and just could not wait of what can be... 1. Bitcoin is money 2. Bitcoin is an asset 3. Bitcoin is a commodity 4. Bitcoin is a utility 5. Bitcoin is more valuable than gold and USD. 6. Bitcoin is the cheapest way to transfer money 7. Bitcoin is on it's way to being the world currency 8. Bitcoin provides solutions for people worldwide without bank accounts, who can't get bank accounts, or don't have access to banks in their region. 9. Bitcoin can be traded. 10. Bitcoin has IRA's, Futures, Mutual Funds, Credit, Loans 11. Bitcoin has a limited supply of only 21 million giving it serious value whereas 17,674,400 has already been mined. 12. Bitcoin has to be mined, the source of all bitcoin, and will go on for the next 120 years to 2140. 13. Bitcoin is the FIRST and leader of all the 2116 cryptocurrencies on the market as of 4/30/19 dominating at 54.6% of the market cap of $172.6 billion! 14. Bitcoin is accepted worldwide at hundreds of thousands of retailers to pay for goods and services from coffee and pizza to paying taxes, luxury vacations, cars, homes, boats, and more! 15. Bitcoin is predicted to be worth $100,000 per coin within the next 3 years and $250,000 within the next 5 years. Now, among this list, which do you think is not true or will not come true? Title: Re: Which Bitcoin Is Not? Post by: pushups44 on May 29, 2019, 07:37:22 AM As Bitcoin is once again at the $8,000+ level, there is a raging excitement and a big buzz in the marketplace on the King of Crypto. People are asking if this can be the start of the big bull run -- the big one to push Bitcoin beyond the $20,000 zone almost achieved in 2017. With all the hypes and speculations surrounding Bitcoin, here are some bitcoin FACTS and why bitcoin enthusiast like myself love it, trust it, and just could not wait of what can be... 1. Bitcoin is money 2. Bitcoin is an asset 3. Bitcoin is a commodity 4. Bitcoin is a utility 5. Bitcoin is more valuable than gold and USD. 6. Bitcoin is the cheapest way to transfer money 7. Bitcoin is on it's way to being the world currency 8. Bitcoin provides solutions for people worldwide without bank accounts, who can't get bank accounts, or don't have access to banks in their region. 9. Bitcoin can be traded. 10. Bitcoin has IRA's, Futures, Mutual Funds, Credit, Loans 11. Bitcoin has a limited supply of only 21 million giving it serious value whereas 17,674,400 has already been mined. 12. Bitcoin has to be mined, the source of all bitcoin, and will go on for the next 120 years to 2140. 13. Bitcoin is the FIRST and leader of all the 2116 cryptocurrencies on the market as of 4/30/19 dominating at 54.6% of the market cap of $172.6 billion! 14. Bitcoin is accepted worldwide at hundreds of thousands of retailers to pay for goods and services from coffee and pizza to paying taxes, luxury vacations, cars, homes, boats, and more! 15. Bitcoin is predicted to be worth $100,000 per coin within the next 3 years and $250,000 within the next 5 years. This is actually a post of a friend of mine in Facebook (https://www.facebook.com/Blessings4us2015)where he enumerated many traits or qualities of Bitcoin worth thinking about. Now, among this list, which do you think is not true or will not come true? Bitcoin is digital gold - thus money, an asset, and a commodity with a limited supply. But as a digital form of money, it is more portable than gold, and thus does not require a vault for storage. This is what makes bitcoin attractive for me, besides being a decentralized, non-sovereign currency. Title: Re: Which Bitcoin Is Not? Post by: JayCue on May 29, 2019, 08:33:00 AM Bitcoin is the cheapest way to transfer money I will not agree with this quoted statement because some exchanges/wallets charge higher fees (bitcoin transfer) than other cryptos (ETH, XRP, etc.) Title: Re: Which Bitcoin Is Not? Post by: Janation on May 29, 2019, 08:39:05 AM 6. Bitcoin is the cheapest way to transfer money 7. Bitcoin is on it's way to being the world currency 8. Bitcoin provides solutions for people worldwide without bank accounts, who can't get bank accounts, or don't have access to banks in their region. I think these might be. 1We all know that transactions fees had been a problem to Bitcoin and until now there are still people who are pissed about this. There might be a time that it is not a problem but I think people prefer other methods. 2With a lot of countries banning Bitcoin, I don't think that it will be a world currency. Government of each country has their own opinion about this and we should respect that. 3I don't think it is like that. People in our country can easily get bank accounts and that is not a problem. Also, I don't see this as a solution since there is no problem. Title: Re: Which Bitcoin Is Not? Post by: CryptoReggae on May 29, 2019, 08:43:01 AM Forgot the only real reason for BTC to exist, decentralization, nothing is more important than this.
Title: Re: Which Bitcoin Is Not? Post by: dothebeats on May 29, 2019, 01:06:58 PM 6, 7, 8, 10 are the things which I think bitcoin will fail to deliver as it just doesn't fit the whole picture for the said crypto in its current state. Sending money using bitcoin is expensive more often than not.
Governments wouldn't allow a one-world currency, let alone a single, world government unless something bad happens to the world and a central authority is really needed. People still need traditional bank accounts for most of the time if they happen to want to use that bitcoin as fiat. Btc loans are primarily honeypot for scammers in the making, and in general not a good business model. Title: Re: Which Bitcoin Is Not? Post by: XCANA on May 29, 2019, 01:12:17 PM Forgot the only real reason for BTC to exist, decentralization, nothing is more important than this. Without an iota of doubt our coins are save even though the shameless ones are strongly against the mainstream manifestation of the blockchain. Bitcoin is decentralized and much reliable compared to the centralized ones. Wonderful write-up from OP, gained more experience while read. Title: Re: Which Bitcoin Is Not? Post by: Pursuer on May 29, 2019, 01:16:31 PM the most important thing about bitcoin in my opinion is the fact that it is decentralized. and being decentralized it allows bitcoin to offer other benefits such as being boarderless and censorship resistant. all these are giving bitcoin a certain uniqueness that you can not find anywhere else and as a result it gives it a great value.
of course other things that were mentioned here are also important like having clear and reasonable cap at 21 million. Title: Re: Which Bitcoin Is Not? Post by: Genemind on May 29, 2019, 01:23:32 PM 5. Bitcoin is more valuable than gold and USD. 7. Bitcoin is on it's way to being the world currency I just don't agree with these two. We all know that both gold and USD play their own roles and values which we couldn't compare to Btc because they have their own characteristics and uniqueness as a currency. Btc could possibly be the world currency but it still has to take a lot of challenges and it will also take time. Bitcoin has still a lot to prove. Title: Re: Which Bitcoin Is Not? Post by: Ailmand on May 29, 2019, 01:49:25 PM Bitcoin is the cheapest way to transfer money I will not agree with this quoted statement because some exchanges/wallets charge higher fees (bitcoin transfer) than other cryptos (ETH, XRP, etc.) I agree with this. Btc isn't the cheapest way to transfer money because of high Tx fee. It has been the agony of most traders and those who are using BTC as a mode of payment. However, we can't deny the fact that Btc could offer the fastest transaction so no matter how high the Tx fee is, people still choose to pay with it. Title: Re: Which Bitcoin Is Not? Post by: serjent05 on May 29, 2019, 03:55:41 PM I would say number 5 and 6
Quote 5. Bitcoin is more valuable than gold and USD. I agree with USD, since USD may decrease its value overtime and probably worthless in the future because of its inflation but gold, as the best form of money, I don't think Bitcoin is more valuable than it. Bitcoin being more expensive, yes. Quote 6. Bitcoin is the cheapest way to transfer money No Bitcoin is not the cheapest way to transfer money. We have several altcoin that is far more cheaper than Bitcoin in terms of tx fee. some exchanges/wallets charge higher fees (bitcoin transfer) than other cryptos (ETH, XRP, etc.) This too. ↑↑↑ Title: Re: Which Bitcoin Is Not? Post by: diazepam666 on May 29, 2019, 04:04:01 PM Whoever believing bitcoin is money for them bitcoin is everything.
Even for me I am earning money in trading and them little from campaigns and other works. So I always love to invest on bitcoin and praise it for life time. Bitcoin is not only crypto it is beyond money and asset. Title: Re: Which Bitcoin Is Not? Post by: boyptc on May 29, 2019, 04:25:05 PM 6. Bitcoin is the cheapest way to transfer money Due to the number of transactions that has been flooding the network and along with the price increase, fees has increased dramatically.Title: Re: Which Bitcoin Is Not? Post by: uneng on May 29, 2019, 04:38:25 PM Now, among this list, which do you think is not true or will not come true? 7. Bitcoin is on it's way to being the world currency I believe bitcoin isn't going to be the world currency simply because it's not centralized. So no one will be forced to use it and I'm sure there will be many altcoins to compete crypto space with bitcoin. Bitcoin will continue being one of the many world currencies, like now.12. Bitcoin has to be mined, the source of all bitcoin, and will go on for the next 120 years to 2140. As the technology is in constant improvement, we can't be sure it will take 120 years or so to mine all btcs. It can be concluded faster since more powerful hardwares are being developed all the time and since it can become more accessible for other people, besides the professional mining farmers.Title: Re: Which Bitcoin Is Not? Post by: Duzter on May 29, 2019, 04:50:54 PM Bitcoin is the cheapest way to transfer money I will not agree with this quoted statement because some exchanges/wallets charge higher fees (bitcoin transfer) than other cryptos (ETH, XRP, etc.) Title: Re: Which Bitcoin Is Not? Post by: BeManga on May 29, 2019, 04:59:42 PM As Bitcoin is once again at the $8,000+ level, there is a raging excitement and a big buzz in the marketplace on the King of Crypto. People are asking if this can be the start of the big bull run -- the big one to push Bitcoin beyond the $20,000 zone almost achieved in 2017. for me i always believe Bitcoin is on it's way to being the world currencyWith all the hypes and speculations surrounding Bitcoin, here are some bitcoin FACTS and why bitcoin enthusiast like myself love it, trust it, and just could not wait of what can be... 1. Bitcoin is money 2. Bitcoin is an asset 3. Bitcoin is a commodity 4. Bitcoin is a utility 5. Bitcoin is more valuable than gold and USD. 6. Bitcoin is the cheapest way to transfer money 7. Bitcoin is on it's way to being the world currency 8. Bitcoin provides solutions for people worldwide without bank accounts, who can't get bank accounts, or don't have access to banks in their region. 9. Bitcoin can be traded. 10. Bitcoin has IRA's, Futures, Mutual Funds, Credit, Loans 11. Bitcoin has a limited supply of only 21 million giving it serious value whereas 17,674,400 has already been mined. 12. Bitcoin has to be mined, the source of all bitcoin, and will go on for the next 120 years to 2140. 13. Bitcoin is the FIRST and leader of all the 2116 cryptocurrencies on the market as of 4/30/19 dominating at 54.6% of the market cap of $172.6 billion! 14. Bitcoin is accepted worldwide at hundreds of thousands of retailers to pay for goods and services from coffee and pizza to paying taxes, luxury vacations, cars, homes, boats, and more! 15. Bitcoin is predicted to be worth $100,000 per coin within the next 3 years and $250,000 within the next 5 years. Now, among this list, which do you think is not true or will not come true? as of now we cannot say world even you can use it all over the world only few individual know it but if you look in it in the bright side its not really impossible Title: Re: Which Bitcoin Is Not? Post by: Script3d on May 29, 2019, 05:15:04 PM for me i always believe Bitcoin is on it's way to being the world currency Bitcoin can't be the world currency unless you'll get rid of the volatility of bitcoin, and also you need internet to be able to use bitcoin not everyone has access to internet.as of now we cannot say world even you can use it all over the world only few individual know it but if you look in it in the bright side its not really impossible Title: Re: Which Bitcoin Is Not? Post by: Sabrin on May 29, 2019, 05:50:19 PM I agreed with you
But Not every single point, Because the transaction fee is higher than other altcoin. And one more thing, Bitcoin will not become the world coin, Because for using Bitcoin you need to access internet, But unfortunately world wide people can not access in internet. Title: Re: Which Bitcoin Is Not? Post by: kryptqnick on May 29, 2019, 05:54:32 PM As Bitcoin is once again at the $8,000+ level, there is a raging excitement and a big buzz in the marketplace on the King of Crypto. People are asking if this can be the start of the big bull run -- the big one to push Bitcoin beyond the $20,000 zone almost achieved in 2017. I think #1 is what it's supposed to be and in part is, #2 is how people largely treat it. I think #5 can become true in the future, the answer to #6 is false, #7 is too idealistic and might be technically impossible, #8 is sometimes true, #10 - I hope it never happens. I don't like that the points on the list are very unequal. Some are related to what is Bitcoin, others to facts that are obviously true, some to predictions... It's not really all about what Bitcoin is and not everywhere it makes sense to think about the truth of the statements.With all the hypes and speculations surrounding Bitcoin, here are some bitcoin FACTS and why bitcoin enthusiast like myself love it, trust it, and just could not wait of what can be... 1. Bitcoin is money 2. Bitcoin is an asset 3. Bitcoin is a commodity 4. Bitcoin is a utility 5. Bitcoin is more valuable than gold and USD. 6. Bitcoin is the cheapest way to transfer money 7. Bitcoin is on it's way to being the world currency 8. Bitcoin provides solutions for people worldwide without bank accounts, who can't get bank accounts, or don't have access to banks in their region. 9. Bitcoin can be traded. 10. Bitcoin has IRA's, Futures, Mutual Funds, Credit, Loans 11. Bitcoin has a limited supply of only 21 million giving it serious value whereas 17,674,400 has already been mined. 12. Bitcoin has to be mined, the source of all bitcoin, and will go on for the next 120 years to 2140. 13. Bitcoin is the FIRST and leader of all the 2116 cryptocurrencies on the market as of 4/30/19 dominating at 54.6% of the market cap of $172.6 billion! 14. Bitcoin is accepted worldwide at hundreds of thousands of retailers to pay for goods and services from coffee and pizza to paying taxes, luxury vacations, cars, homes, boats, and more! 15. Bitcoin is predicted to be worth $100,000 per coin within the next 3 years and $250,000 within the next 5 years. Now, among this list, which do you think is not true or will not come true? Answering the thread's question, Bitcoin is not a utility or commodity, and not the cheapest way to transfer money, even though a pretty cheap one if we talk about big sums and compare the fees with the banking ones. Title: Re: Which Bitcoin Is Not? Post by: Chikitita2004 on May 29, 2019, 06:13:58 PM Forgot the only real reason for BTC to exist, decentralization, nothing is more important than this. Exactly, no one can take our money or close down the bitcoin blockchain, we don't even need to trust each other, the blockchain alone will keep our bitcoins safe. Title: Re: Which Bitcoin Is Not? Post by: pushups44 on May 29, 2019, 08:21:27 PM for me i always believe Bitcoin is on it's way to being the world currency Bitcoin can't be the world currency unless you'll get rid of the volatility of bitcoin, and also you need internet to be able to use bitcoin not everyone has access to internet.as of now we cannot say world even you can use it all over the world only few individual know it but if you look in it in the bright side its not really impossible This is not true. Bitcoin can be used with satellite and high-frequency radio. I have not looked at the technical aspects of this, but bitcoin developers pride themselves on these capabilities. Also, as the price of bitcoin rises and use becomes more widespread, the price should stabilize somewhat. Title: Re: Which Bitcoin Is Not? Post by: bhabygrim on May 29, 2019, 08:52:39 PM 6. Bitcoin is the cheapest way to transfer money 7. Bitcoin is on it's way to being the world currency 8. Bitcoin provides solutions for people worldwide without bank accounts, who can't get bank accounts, or don't have access to banks in their region. I think these might be. 1We all know that transactions fees had been a problem to Bitcoin and until now there are still people who are pissed about this. There might be a time that it is not a problem but I think people prefer other methods. 2With a lot of countries banning Bitcoin, I don't think that it will be a world currency. Government of each country has their own opinion about this and we should respect that. 3I don't think it is like that. People in our country can easily get bank accounts and that is not a problem. Also, I don't see this as a solution since there is no problem. It is way more cheaper to use crypto than to use remittance center. But I agree that it wouldn't be world's currency. Title: Re: Which Bitcoin Is Not? Post by: Janation on May 30, 2019, 01:43:40 AM I still think that Bitcoin is a cheap way to transfer money just look for an international money transfer fee? It is way more cheaper to use crypto than to use remittance center. But I agree that it wouldn't be world's currency. But not all of us are using that way of transfer, right? Not all of the users and investors do that transaction, sending it to other country's bitcoin address. Though it is true that it is cheaper than that, people are wanting to also have a cheaper fee of sending BTC to other people that is not that far. For example, buying something using BTC, some platforms accept it and the fee is the problem. There might be some exchange that has a solution but for me, it is still not that cheap. Title: Re: Which Bitcoin Is Not? Post by: pooya87 on May 30, 2019, 02:17:52 AM 2. Bitcoin is an asset i don't know what #4 means since the sentence doesn't make sense. bitcoin has utilities, how can it be "a" utility!3. Bitcoin is a commodity 4. Bitcoin is a utility 2 and 3 are wrong because bitcoin is neither an asset nor a commodity. bitcoin is a currency and doesn't matter what some government say or how some people treat it, bitcoin has been and will remain a currency. Quote 6. Bitcoin is the cheapest way to transfer money unfortunately this is no longer true in all cases. the fees are low most of the times but not all the times and in those high fee cases it remains the cheapest to transfer large amounts of money oversees. Quote 7. Bitcoin is on it's way to being the world currency bitcoin is already a global currency but if you think it will replace fiat and become the "world currency" then you are wrong.Quote 13. Bitcoin is the FIRST and leader of all the 2116 cryptocurrencies on the market as of 4/30/19 dominating at 54.6% of the market cap of $172.6 billion! there are a lot more than 2116 altcoins, CMC only lists that much.and it is not dominating at 54.6%, it is dominating the market at 99%. the 54% you reported is its market cap ratio. Title: Re: Which Bitcoin Is Not? Post by: Little_king on May 30, 2019, 06:07:57 AM Bitcoin is an asset every one can agree with that but it isn't the cheapest to use as a means of transfer of fund in crypto as some alts are way low compare to bitcoin fee but the first as initiator gives it power over others and it fast growing in the global market and am sure it usually be the first coin many use to come across .
Title: Re: Which Bitcoin Is Not? Post by: Falgorn on May 30, 2019, 07:47:10 AM I am not so optimistic about the future achievements of bitcoin. So, I do not think that this year Bitcoin will reach, or even exceed its previous price record of $ 20,000. After such a very long period of a bear market, Bitcoin is unlikely to be immediately ready for new records. We see that Bitcoin is not growing very confidently yet, constantly moving away to correct its course. I think that this will continue.
Also, I don’t think that in two years Bitcoin will reach the price of one hundred thousand dollars. This is hardly realistic. Bitcoin holders will constantly lower the price, even if Bitcoin will quickly grow in value. Title: Re: Which Bitcoin Is Not? Post by: nicolaz.zhu on May 30, 2019, 09:27:20 AM There are some right about bitcoin. I don't agree that bitcoin is more important than fiat money. Before bitcoin was really received by the government in this world. Then bitcoin is only best for long-term investment and facilitates transactions.
Title: Re: Which Bitcoin Is Not? Post by: muhhentuhhen on May 30, 2019, 06:41:59 PM I still think that Bitcoin is a cheap way to transfer money just look for an international money transfer fee? It is way more cheaper to use crypto than to use remittance center. But I agree that it wouldn't be world's currency. But not all of us are using that way of transfer, right? Not all of the users and investors do that transaction, sending it to other country's bitcoin address. Though it is true that it is cheaper than that, people are wanting to also have a cheaper fee of sending BTC to other people that is not that far. For example, buying something using BTC, some platforms accept it and the fee is the problem. There might be some exchange that has a solution but for me, it is still not that cheap. The majority of the guys here use it as the investment. People simply hope that they can earn when Bitcoin goes to the Moon. Certainly, transfers can be used as well, and BTC is the best currency to travel: no control how much you have. Title: Re: Which Bitcoin Is Not? Post by: jhongzjhong on May 30, 2019, 06:53:20 PM There are some right about bitcoin. I don't agree that bitcoin is more important than fiat money. Before bitcoin was really received by the government in this world. Then bitcoin is only best for long-term investment and facilitates transactions. Fiat and bitcoin for me are equal, they are both currencies that has a different function on us, no need to choose both of them which make it better if we that both of them are very useful in digital and physical currency. They have a negative side and positive side, I consider all OP statement was right.Title: Re: Which Bitcoin Is Not? Post by: carter34 on May 30, 2019, 07:11:04 PM Bitcoin is the cheapest way to transfer money I will not agree with this quoted statement because some exchanges/wallets charge higher fees (bitcoin transfer) than other cryptos (ETH, XRP, etc.) Especially this season that fees are high. It is not cheaper to transfer small amount of bitcoin now to transferring that same amount in fiat. Example is the transfer of very small amount of dollar like $5 to same amount in bitcoin. Title: Re: Which Bitcoin Is Not? Post by: Sabrin on May 30, 2019, 08:19:11 PM Your Statement is mostly true, But i can not agree with the point of 6 and 7.
*Bitcoin is not the cheapest way to transaction, Bitcoin transaction fee is higher than any other altcoin. *Bitcoin is not the way on world coin, Because many other countries in the world already ban bitcoin, *As Bitcoin is a digital currency, if you want to use bitcoin firstly you need to acces in Internet, But world wide countries people don't able to access Internet easily. some of developed countries have not access permission in internet like korea Title: Re: Which Bitcoin Is Not? Post by: Romeoetin on May 30, 2019, 08:55:42 PM Bitcoin is not the cheapest way to transfer money but rather stellar offers the cheapest means. I made a bitcoin transaction today from my blockchain.info account and got charged $5 to send a transaction worth $142.. The default send was on regular..
Title: Re: Which Bitcoin Is Not? Post by: stadus on May 31, 2019, 02:33:12 AM 5. Bitcoin is more valuable than gold and USD This one, not for now, all we think is just our own prediction in the future but I don't think bitcoin at its status now will be more valuable than gold and usd. Title: Re: Which Bitcoin Is Not? Post by: BL46K 7193R on May 31, 2019, 06:22:21 AM Well, now I'll give my opinion. And say which do I think is not true or will not come true
1. Bitcoin is money Not in my opinion Bitcoin is not money. Bitcoin is the most expensive and influential cryptocurrency in this period. 2. Bitcoin is more valuable than gold and USD I do not think Bitcoin is more valuable than gold and USD Gold and USD are much more valuable than Bitcoin. I think this point is not right. I think these two points are wrong and the rest are all right but these two points seem to be wrong. Title: Re: Which Bitcoin Is Not? Post by: Innerpumper on May 31, 2019, 06:26:16 AM As Bitcoin is once again at the $8,000+ level, there is a raging excitement and a big buzz in the marketplace on the King of Crypto. People are asking if this can be the start of the big bull run -- the big one to push Bitcoin beyond the $20,000 zone almost achieved in 2017. With all the hypes and speculations surrounding Bitcoin, here are some bitcoin FACTS and why bitcoin enthusiast like myself love it, trust it, and just could not wait of what can be... 1. Bitcoin is money 2. Bitcoin is an asset 3. Bitcoin is a commodity 4. Bitcoin is a utility 5. Bitcoin is more valuable than gold and USD. 6. Bitcoin is the cheapest way to transfer money 7. Bitcoin is on it's way to being the world currency 8. Bitcoin provides solutions for people worldwide without bank accounts, who can't get bank accounts, or don't have access to banks in their region. 9. Bitcoin can be traded. 10. Bitcoin has IRA's, Futures, Mutual Funds, Credit, Loans 11. Bitcoin has a limited supply of only 21 million giving it serious value whereas 17,674,400 has already been mined. 12. Bitcoin has to be mined, the source of all bitcoin, and will go on for the next 120 years to 2140. 13. Bitcoin is the FIRST and leader of all the 2116 cryptocurrencies on the market as of 4/30/19 dominating at 54.6% of the market cap of $172.6 billion! 14. Bitcoin is accepted worldwide at hundreds of thousands of retailers to pay for goods and services from coffee and pizza to paying taxes, luxury vacations, cars, homes, boats, and more! 15. Bitcoin is predicted to be worth $100,000 per coin within the next 3 years and $250,000 within the next 5 years. Now, among this list, which do you think is not true or will not come true? at no.5 it's wrong. because gold is have strong fundamental and forever not change with many currency. gold is future. Title: Re: Which Bitcoin Is Not? Post by: maxreish on May 31, 2019, 06:38:01 AM 14. Bitcoin is accepted worldwide at hundreds of thousands of retailers to pay for goods and services from coffee and pizza to paying taxes, luxury vacations, cars, homes, boats, and more! This actually happening now. But not yet worldwide. There are still some countries who are not using bitcoin payment services and are not yet accept it on their country. However, the positive reality is that majority of businesses now are aware of this kind of technology which helps in the convenience of the customer and the merchants. It is now easy to buy things and goods using bitcoin but the transaction fees are too high.Quote 15. Bitcoin is predicted to be worth $100,000 per coin within the next 3 years and $250,000 within the next 5 years. I strongly believe that bitcoin will become the most valuable investment in the future. Though it will slowly increasing the price but reaching $100,000 is possible. Some may not believe it but I do have confidence that time will come and bitcoin will be known by majority of people and will gonna accept by governments and that will be the reason to reach that high price. Title: Re: Which Bitcoin Is Not? Post by: ralle14 on May 31, 2019, 08:45:38 AM for me i always believe Bitcoin is on it's way to being the world currency I disagree that only a few knows Bitcoin, a lot of people are familiar with Bitcoin it's just that most people doesn't like to invest. I remember one user shared a survey here and out of a couple hundreds of people only 10% or less are invested to Bitcoin. as of now we cannot say world even you can use it all over the world only few individual know it but if you look in it in the bright side its not really impossible Especially this season that fees are high. It is not cheaper to transfer small amount of bitcoin now to transferring that same amount in fiat. Example is the transfer of very small amount of dollar like $5 to same amount in bitcoin. Even if the recommended fee is high recently using a smaller fee for sending Bitcoin is still fast, last week my miner fees were at 1000 satoshi and most of my transactions was confirmed after 1-2 hours. Title: Re: Which Bitcoin Is Not? Post by: traderethereum on June 02, 2019, 04:04:14 PM I would say that all of the lists will come true, especially if all country has agreed to accept bitcoin and altcoin as a new source of the payment system.
But before we see it happens, we cannot say that all in the list is true. The list will only become true if all people have one vote of the cryptocurrency and they are using cryptocurrency for many things. And now, the adoption process is still running, and we could hope that in the future, there will many people will know about cryptocurrency and finally, all of them will use cryptocurrency as we did. Title: Re: Which Bitcoin Is Not? Post by: Naughty Princess on June 03, 2019, 09:39:57 PM Bitcoin is the cheapest way to transfer money I will not agree with this quoted statement because some exchanges/wallets charge higher fees (bitcoin transfer) than other cryptos (ETH, XRP, etc.) Title: Re: Which Bitcoin Is Not? Post by: klaaas on June 03, 2019, 10:17:46 PM There are some right about bitcoin. I don't agree that bitcoin is more important than fiat money... Then bitcoin is only best for long-term investment and facilitates transactions. Not yet until your country gos bankrupt. Bitcoin is more then a processor alone, it supplies trust. Title: Re: Which Bitcoin Is Not? Post by: CryptoToxicAvenger on June 03, 2019, 10:36:20 PM For every person bitcoin can be anything. For some it is gold, and for some it is just a speculative tool. Each person determines for himself the purpose of bitcoin.
Title: Re: Which Bitcoin Is Not? Post by: Herbert2020 on June 04, 2019, 06:54:44 AM Bitcoin is the cheapest way to transfer money I will not agree with this quoted statement because some exchanges/wallets charge higher fees (bitcoin transfer) than other cryptos (ETH, XRP, etc.) wrong, bitcoin transaction fees are 90% of the times very cheap at 1 satoshi per byte and compared to other altcoins this is amazing considering the amount of usage bitcoin has. it is obvious that a dead coin that nobody uses and has completely empty blocks will always have cheap fees but it is a deadcoin!!! those exchanges are charging higher fees are doing it because they know that people have no choice but to withdraw bitcoin, they don't want any other altcoin they just want their bitcoins out. which is why they charge higher fees. Title: Re: Which Bitcoin Is Not? Post by: Babyrica0226 on June 04, 2019, 07:01:07 AM As Bitcoin is once again at the $8,000+ level, there is a raging excitement and a big buzz in the marketplace on the King of Crypto. People are asking if this can be the start of the big bull run -- the big one to push Bitcoin beyond the $20,000 zone almost achieved in 2017. With all the hypes and speculations surrounding Bitcoin, here are some bitcoin FACTS and why bitcoin enthusiast like myself love it, trust it, and just could not wait of what can be... 1. Bitcoin is money 2. Bitcoin is an asset 3. Bitcoin is a commodity 4. Bitcoin is a utility 5. Bitcoin is more valuable than gold and USD. 6. Bitcoin is the cheapest way to transfer money 7. Bitcoin is on it's way to being the world currency 8. Bitcoin provides solutions for people worldwide without bank accounts, who can't get bank accounts, or don't have access to banks in their region. 9. Bitcoin can be traded. 10. Bitcoin has IRA's, Futures, Mutual Funds, Credit, Loans 11. Bitcoin has a limited supply of only 21 million giving it serious value whereas 17,674,400 has already been mined. 12. Bitcoin has to be mined, the source of all bitcoin, and will go on for the next 120 years to 2140. 13. Bitcoin is the FIRST and leader of all the 2116 cryptocurrencies on the market as of 4/30/19 dominating at 54.6% of the market cap of $172.6 billion! 14. Bitcoin is accepted worldwide at hundreds of thousands of retailers to pay for goods and services from coffee and pizza to paying taxes, luxury vacations, cars, homes, boats, and more! 15. Bitcoin is predicted to be worth $100,000 per coin within the next 3 years and $250,000 within the next 5 years. Now, among this list, which do you think is not true or will not come true? To think which is not the function of Bitcoin was this " Bitcoin is the cheapest way to transfer money " It is because bitcoin actually here in my country every time I made a transaction it cost high deduction on my withdrawal amount. I just don't know to other country if they have the same situation of mine. Title: Re: Which Bitcoin Is Not? Post by: Ridwan Fauzi on June 04, 2019, 07:19:34 AM I don't think bitcoin will be the cheapest way to transfer money. The lightning network has came but I only feel a bit different when I try to transfer bitcoin without lightning network. Moreover, there are many speculation who says bitcoin will touch 1 million dollar which means if this happened then fee per transaction will high also so as bitcoin will never use as payment system again and even it is not deserve to be called as money.
Title: Re: Which Bitcoin Is Not? Post by: Vinalians on June 04, 2019, 08:19:37 AM 15. Bitcoin is predicted to be worth $100,000 per coin within the next 3 years and $250,000 within the next 5 years. I think this is very good news if it happens for real in the next few years. I am optimistic when it comes in the value of bitcoin but seeing this huge value is not so believable to me. I mean this value can achieve but I don't think it will be achieved in the next 3 years. I agree in the other 14 bitcoins ability and what can it do in the future, we are now in the stage where people are starting to understand what is cryptocurrency. Title: Re: Which Bitcoin Is Not? Post by: CARrency on June 04, 2019, 08:25:04 AM 1. Bitcoin is money I think we should be clear here that BTC is not money, it is a cryptocurrency, a decentralized cryptocurrency but other people say that it is since it has a value. People are using it as money but that doesn't mean that it is, it is used as one since it has a value. Something that has a value is not always money, it has value so we can use it to trade. Title: Re: Which Bitcoin Is Not? Post by: emberbekas on June 04, 2019, 08:52:34 AM 5. Bitcoin is more valuable than gold and USD. 7. Bitcoin is on it's way to being the world currency I just don't agree with these two. We all know that both gold and USD play their own roles and values which we couldn't compare to Btc because they have their own characteristics and uniqueness as a currency. Btc could possibly be the world currency but it still has to take a lot of challenges and it will also take time. Bitcoin has still a lot to prove. Bitcoin can be used worldwide as a currency but to be the main currency used by people around the world will need time and effort. And I don't think that will happen soon. Bitcoin is more valuable than gold and usd? Bitcoin, gold, and usd have their respective uses and we should not make comparisons between them. |