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While the internet was supposed to be a tool to help expand our minds it has only helped closed minded people to live in worlds where they are right no matter how wrong.
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Acceptance is low because people still have never heard what Bitcoin is and those that did (that are not geeks) have a vague idea of it and don't see any real use for it unfortunately. Lets hope the future will make people see its place.
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Regardless of speculation, I don't see fiat disappearing anytime soon. Only expand, remember there are bazillions of currencies in existance. Working in parallel. Each have it's niche, either beeing locally accepted or universally applicable (as in world's reserve)
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I think many consumer killer applications will come out , the ecosystem will be getting more comprehensive and perfect, fundamental factors will come out to increase its intrinsic value to support its price.
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If everyone started using Bitcoin and removed banks out the factor would be a very moment for banks to close down and BTC to rule and dominate the world for transactions.
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if you invested in Bitcoin is because you invested for the LONG TERM(or should) Additionally, do you even know all the benefits that Bitcoin brings to the table? If you understand these benefits, then you will truly feel more comfortable with your investment.
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Warren Buffett has spoken out against bitcoin in recent interviews. However, one of my favorite Buffett quotes involves the relative unimportance of timing compared to the actual event. It goes something like this (paraphrased of course), "If you know what will happen in a given market, it matters not when it will happen."
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Sure, there's probably exceptions. However, bitcoin was there first, has the largest push behind it, has all the peripheral businesses, and more developments
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Honestly I don't give two shits one way or another if you're ballsy enough to cheat on your spouse you should have the balls to face the consequences as a man or woman
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Just because it can be stolen doesn't mean it's bad. Even the best and most ideal currency can be stolen.
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The security factor is one of the biggest hurdles for bitcoin, absolutely. But, that doesn't take away from the fact that the technology is innovative and a breakthrough.
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bitcoin is an efficient way to transfer money quickly between two parties, in the future the bitcoin universe will have to be worth trillions of dollars to facilitate the easy transfer of billions.
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Bitmixer.io works pretty well and so far there hasn't been any complaints from anyone, so I guess it can be assumed that it is safe for now.
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Who is going to fine the EPA? If this was any other company the EPA would fine them to the point that they are out of business. The EPA should do the same to themselves . Oh wait they won't do that.
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There needs to be more help and better help available to those who are in need. That might lower the rate of suicide among citizens. Of course nothing would completely eradicate suicide but there should be more help available.
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The complete existence of the XT project and disagreement of the bitcoin heads had made a lot of people question the future of bitcoin, and If media hypes up something like this, it could damage the already tarnished image of btc and also question its authenticity, which is the last thing bitcoin needs, because it will create a huge hurdle for btc to gain adoption, when people are already associating it with crime and money laundering
Open source & Democracy, Anyone can change variables. No need to ask permission. If your idea is viable it could become popular enough. |
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No investment is perfectly safe, there's always risk involved. The question is whether the risks of owning Bitcoins are right for you. As part of a healthy investment portfolio I think it's a great idea. For flipping quickly? No, probably not.
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People have, indeed, made a lot of money on silver at various times in the past. When it runs up, it tends to run up fast and very high compared to its previous valuation. But these periods are hard to predict and generally don't last long.
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The fork issue has put some pressure on the market and orders got out in a rally. I'm in it for the long run so will buy a bit on the dips and see where this goes.
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This block size debate is healthy. It needed to happen and when consensus is reached Bitcoin will be stronger because of it.
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