Bitcoin Forum

i came across bitcoin yesterday. i read the wikipedia article, the bitcoin faq and whatever else popped up on

google. i was immediatly stoked. i like this idea, and think the bitcoin has a future. reading forum posts about

thoughts on this new concept all pull up the same idea "it wont work because there is nothing backing it". i thought

long and hard about this, and i think i have it figured out.

first, an insight on currency in general. buying with currency, is glorified bartering. we used to like someones

cow, and trade two of our goats for it. to each of us, this was fair, and we each walked away with our new animals.

then the government stepped in and decided they deserved a cut of all transactions "to help pay for improvements to

the area they governed" to bring more people to their area, and make more money. they decided to use precious metals

as a base. it was in limited supply and caled valuable(maybe because it was shiny).

trading stuff for gold was the new "bartering". but people wouldnt wanna carry around a large amount of rock, so a

paper symbol was created to carry around called the dollar bill.

so now, we dont trade our two goats for that cow, we trade a symbol of the gold that the cow is worth. its bartering

with a tax

many people coorelate gold as the base of our currency, but thats very wrong. gold is only the base of the "value"

of the currency. the more money that gets printed, the more all money loses value.

bitcoin is not the currency. bitcoin is the gold. its currency is all currency. this could take us back to the roots

of bartering.  you can trade anything for bits. services, goods, any national currency, or anything else that could

be bought or sold with any bartering catalyst.

but whats keeping the bits in check? itself. they are slowly releasing bitcoins until 2017, at which time, there

will be 21 million bits in existance. thats the cap. no more will be inserted into the bitcoin economy. from then

on, the only fluxuation will be supply and demand. no inflation, no deficit, and no tampering. gold and bits will have the same limits of finite numbers

depending on the public acceptance, a cheeseburger could cost 10 bits or 1000 bits. my dream is for the

bitcoin to be in high enough demand to be the "credits" we see in sci fi movies. unregulated, and international.

ribuck from freedom radio said so much with one sentence:
In a free world, we need to learn how to evaluate the value of something to us, and learn to stop expecting others

to assign (and guarantee) a value to it.

bitcoins has a lot of potential, the way it reaches its potential is to prove to daily vendors that bitcoins will always have a value.

These type of posts are really really frequent so forgive me but I didn't read past the 3rd row.


It's really simple. BitCoins are backed by the trust people have in the technology behind it and they are worth what ever the supply and demand determines.

Anything passed that is just semantics.

The value of bitcoin is currently high and expensive different from the previous year because at this time bitcoin is becoming an attraction in various parts of the world because this bitcoin is a very good place to invest and search for profitable and promising assets.

Bitcoin is one of the many cryptography that became popular among traders. One of the reasons for getting the price is that it is used as a medium of exchange solely because of the government's order. In addition, it is also unlike the gold or dollar bills, although cryptocurrency can not be seen thus making some people feel unsafe. However, bitcoin is actually more secure and safe than the fiat currency once you understand the mechanism behind it.

History repeats itself. For example, in your post, you brought up gold. The same thing can happen with BTC.

When major businesses start accepting BTC, without a pegged USD price, that's when BTC will be worth more than fiat. That day seems like it's years and years away, but keep a watch out for related news to that goal. Then you will know it's time to buy.

The development of technologies always follows a well-known curve of their adoption, which includes a period of exponential growth. And Bitcoin is no exception. The fundamental difference is that Ponzi and pyramid schemes create value only for the oldest investors by simply redistributing money from new participants. No economic component. Just plain theft.
Bitcoin also creates value for both earlier investors and new ones, providing more and more opportunities to use the currency, the amount of which, moreover, is limited. It is not a deception or theft, but simply the good old law of supply-demand in action, or in other words, the ancient economic principle, in the service of the modern monetary system.  ::)

Instead of talking about your underperformance in this topic, you should find out more information. I bet you did not even read the OP's post. A bad member :)

The worth of Bitcoin depends on the market price and capitalization. However, these factors are dependent on the value and demand of the coin at any moment in time. so based on these factors we can say Bitcoin has a lot  worth and holders consider it their assets.

Beside all crypto if we concentrate on bitcoin then it is the wise decision and for us all crypto are a good income source and bitcoin is the key for the good future while many businesses are connected with blockchain technology and promoted E Business.

It is very appropriate for you to believe and believe in bitcoin because what is needed is the confidence and patience to gain success

It's well know among crypto traders and it's a government  approved  form of exchange

Bitcoin may be more valuable gold, which will be a trend of future development, relative to gold bitcoin has too many advantages.

Look at the date it was posted. It was posted 7 years ago. At that point it was still pretty niche.

I don't know why this post was chosen to be bumped. But it's interesting to see after all these years I guess.

Being a member of this known business,bitcoin is worthy and valuable compared to other crypto.It uses a lot of payment.Dedication and diligent on this is much needed.

I sometimes wonder how many of these enthusiastic newcomers bought some bitcoins back then and how many of them became millionaires because they did that? Do they get exited, but they do not pull the trigger or do they follow through and buy some bitcoins? 

When I started out with Bitcoin a few years ago, it almost took over my life for a while and I spend weeks trying to gather as much knowledge as possible and buying as much coins as I could afford. I hope, other people will follow the same route.  :D

This cryptocurrency is very appreciable because not only to me but for all of the people who used and know bitcoin its very useful to use that gave to me an extra financial beside of that bitcoin will help them to buy what we needed and pay the bills.

7 years later and bitcoin is worth more than $6000 wow

Bitcoin had made an achievement that no one had ever expected it will worth more than $6K USD in the current market and with the ATH last Q4 of 2017 where it had reached the highest ever value for a cryptocurrency to reached almost $20K USD. It's the people's trust and support why it's price value had able to achieved such great heights wherein more and more people were still supporting bitcoin.

Bitcoin is the pilot coin. This is a fact. At this moment, all other coins are easily affected by changes in bitcoin price. However, we can't say if bitcoin will still be the best coin in the future. There are still other underestimated coins but their shine is still far to see from today but is not impossible.

The value of a single Btcoin is currently $7600. You can guess by its value what influence Bitcoin has on the cryptocurrency market. Bitcoin is the undisputed king of crypto. And i a predicting that it will remain as king for a very long time.

Absolutely the future of bitcoin and the importance of bitcoin being decentralized cryptocurrency have a big future become world currency.

Because people want to try the new kind of money use for easy access transaction to help businesses sectors online payment system for fast transfering of funds bitcoin are gives this possibly thts the value of bitcoin for the business industry.

The Bitcoin worth matters the market price and the capitalization. Traders are using it, can say that Bitcoin has a lot of worth and holders considered using it, many business are connected with blockchain technology and also promote E business. 

I think this is unpredictable. The value of bitcoin at the moment is a big change. If bitcoin passes this stage, I think we can guess its value in the future.

Lets consider other crypto like the LEDU COin. I think this coin will emerge soon

I think not enough just faith and patience, but also a bitcoin user should have a good market analysis.

when someone has faith and patience, but he can not analyze crypto market well, then he will be weak and get a small profit.

The Bitcoin worth matters the market price and the capitalization. Traders are using it, can say that Bitcoin has a lot of worth and holders considered using it, many business are connected with blockchain technology and also promote E business. 

Thank you for the things you shared, but bitcoin is the coin of the future, you should buy it, buy as much as you can, you will achieve the things you want.

Yes I agree with that, as long as we will be interested and trust Bitcoin, it will have some value. And in the day when nobody will be interested anymore, bitcoin will be dead.

now bitcoin price if we pay attention to gan more. prices are getting worse so as to make a lot of bitcoiners into panic and eventually they sell their bitcoin.
and buy a bitcoin back at a cheap price .

I'm wondering and realizing that how bitcoin is so expensive to the market because they make the money price into a big value more than triple or higher than value that you expected and with that I agree that how bitcoin is very useful to the people who are trusting bitcoin for a very long time that's why as the day passed by or through the years the bitcoin became more progressive and productive if you have the trust,loyalty and believing the bitcoin can make your life changed. It makes your life easier and helpful to your daily needs.

For me, bitcoin is very worthy because eventhough it's hard to earn money or make a money still it's worth the wait if your a hard-working man, it's your success if you wait or work patiently on it.

Bitcoin is now down significantly, encompassing the peak of last year. At the moment, all other currencies are vulnerable to changes in bitcoin prices. However, we can not say if bitcoin will still be the best currency in the future.

For me, it has a worth because it opens the door into the crypto world. We can transacts online. It is just so timely that we are now in the advancement of technology. So it has  a worth to everyone.

 I have heard about that bitcoin value consist from people agreement to pay for Bitcoin, if people would not agree to pay for it it would lose its value completely. And for now I think we are facing that daily. People are losing their trust.

welcome to bitcoin friends, starting seconds you have become part of the bitcoin family, or commonly called bitcoiners! hopefully your dreams of success with bitcoin will come true. as well as with others. and bitcoin is the greatest reason I love crypto!

The bitcoin is very important for me because it change my life in the way of financial support. The bitcoin support me in my needs and wants also I support the needs and wants of my family especially to my younger sisters I pay their tuitions in their schools. So the bitcoin has a big worth for me.  Also if the government support the bitcoin it can help our economy grow, but the government didn't.

In my opinion, bitcoin is actually profitable and worthwhile. Because if someone does not have the capital to invest, they can find and get free tokens by following the bounty the program that has been organized. In addition, if the price rises, the value of a token will also increase and it is also very profitable if you store large or large bitcoin.

The bitcoin exchange rate today is calculated in thousands of dollars for one virtual coin. Over the years, BTC has turned from a little-known crypto-coin into a promising object of long-term investment, a way to save money, earn money, a basis for creating startups and circumventing restrictions due to anonymity.

Although there are many different types of coins in the market but bitcoin is  king of all coins .because it has a very hard working staff who organised successful & profitable projects. the results we have seen its good earnings & popularity to attract the much more investors. no doubt it's future is bright .

I can tell you this: don't look at short term value. 1 day in the life of BTC is nothing, it's barely visible on the charts if you look at the big picture. Its real value is growing constantly and it's really easy to see it if you set the charts to something big like 3d. If it goes down below the low of the last year, which is somewhere under $1000 you can start saying that it's bringing loses and it's not worth holding, but it won't, I'm sure of it. Even if your asset makes 10% a year it's still much better than money in the bank, and even if BTC went to $2000 it would still have doubled its value since last year. Think about it!

Bitcoin is the future. This is enough. It is sad that so many people do not believe in BTC. We must be patient and believe that this will change.

the value of bitcoins is like a gold pilot that you can buy money for its great value and it can also be a big future bitcoin

Bitcoin is actually profitable. The value of bitcoin  is like a gold pilot that you can buy money for its great value and it can also be a big future bitcoin.

Because of people like you is that there aren't many people that are joining here, because they all consider bitcoin as a money machine. STOP considering bitcoin as a way to become more rich, that is more than ridiculous to be honest, and you wont get anywhere.

For me bitcoin is worth because it provide the needs of my kids because l found out also that if you wait for the price you want you can be rich.So this is my hope to have a chance to be rich because theres a lot of rich people created by bitcoin.

the value of bitcoin is now very expensive than before but surely there are ups and downs and tomorrow the price can go down from before the unexpected.

this pullback just delays the inevitable drop to 5k and we couldn't even get to 7k
let's see if the bulls can defend 6k again.
I though if bitcoin can stable around 7-10k should be very nice for us

the value of bitcoin has no limit and also bitcoin income is very much, I work in bitcoin really, let me can successfully work in bitcoin.

One of the reasons for getting a price is that it is used as a means of exchange just because of government orders. However, bitcoin is actually safer and safer than fiat currency when you understand the mechanism behind it. it. The basic difference is that Ponzi schemes and pyramids create value only for the oldest investor by redistributing money from new entrants.

As of Thursday, bitcoin's value was just above $16,500, according to CoinDesk. Based on that value, one bitcoin would be worth a little over $16,500 and 1.6 bitcoins would be worth more than $26,400 today. This estimate does not include any additional fees or transactional costs.

Bitcoin is worth an whole lot as a currency. Bitcoin is the only currency whose value can increase that much within just 10 years.
Notwithstanding the fact that Bitcoin still has a lot of potential to further increase in value and make significant impacts in the finances of individuals because Bitcoin benefits individuals more than corporations.