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While it could help speculation, I'm uncertain this would increase its usage for daily commercial activities much. I do think crypto needs more of that, but perhaps due to its qualities, few people seem to use it as currency outside gambling.
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That's what it's trading for right now. Many reasons can affect people's decisions. People can point fingers here or there, but everyone's acting on self-interest in the end.
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If it ever reaches that high, you would expect it to be a dollar that's worth far less than the current day one.
If it were at current day rates, there would be more money in circulation, than there is nowadays total. And that would be counting just btc, which I would expect to exist among many other coins.
Am I wrong?
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Can agree with the above, I find doge more usable as currency than the the big ones.
Everytime you find yourself in a loss position the way you are describing now, buy some more if you have some additional funds to spare, just to lower your average price.
Doesn't work that great if it keeps dropping. Of course a lot of people doing that could also help stabilize it. |
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I just don't know how some people referred that many *active* users.
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This project might fit better in the gambling sub-forum than here.
I'll give it a try later.
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The one that produces has more power than the one that needs trade for it. So long they have the industry, they aren't losing.
Who knows what they are really planning, however.
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Or rather it would be the ones that have loads of it who could control it? Not sure it's possible either way.
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Just seeing how many whales we have on the forums. I can't see who votes what, so no reason to hide  I see first place is >100 BTC. It's very large amount for me.. Really big money. I don't understand how possible earn this big BTC today. They are the early adopters, and this was back before many rich Chinese, and others, bought in. |
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People that truly believe in it shouldn't even care about this.
If you are a trader, things are very different, and the right times to buy/sell can be multiple times a day.
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Some are from the get go, but others just fail for other reasons. Try to research about it as much as you can. It's a case by case issue.
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I feel like it isn't practical for daily use yet, but for larger long distance transactions it can work much better than traditional methods.
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Should it not be 'what' rather than 'who'?
Not counting something catastrophic like vulnerability in the platform, longer term there's the competition from other coins. As the saying goes, 'nothing is forever.' It's safe for the time being however.
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Article doesn't make much sense. Seems the writer is assuming that mining Bitcoin isn't profitable? If yes, then I think he misunderstood McAfee.
Yes it's ridiculous. Absolutely clueless person talking about and saying crazy things none of us have even heard of since none of us have entertained such nonesense. Saying "bitcoin is fraud" doesnt even make sense. It's not even proper English. It sounds like something someone who doesn't speak English would say and it's lost in translation. While I disagree with their assessment, the rest of the article's writing looks fine to me. Everyone has their own agenda. |
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I think there's only looking at the prior work of those involved. See what's on the table, and try and figure out whether it can work. It still feels a bit like gambling to me.
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It was barely 1k even early this year. It trends upwards over time, and quickly at that, but it's hardly a straight line.
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Btc could be weaker option out there and it still would be valuable thanks to it being at the center of all the coins market. Call it seniority advantage. This might not last forever, but I don't think it's changing anytime soon.
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Right now it would have to be with one of the alts with much better speed and cheaper fees that can take that kind of role.
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He does see benefits in adopting the blockchain at least.
Anyway, he knows that Bitcoin challenges the status quo and he would lose the scam/system that allows him to live a comfortable, lavish lifestyle, since crypto would render banks useless.
No idea why people keep saying stuff like this. No matter what people trade with, these people would stay filthy rich. They might not be influential in the way they are now, but I don't see why their lifestyles would need to change much. |
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