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61  Bitcoin / Bitcoin Discussion / Re: Bitcoin is "dying". on: May 29, 2023, 02:49:37 AM

Aside from that those that introduce Bitcoin to them failed to inform them that Bitcoin is not only an asset but also a currency to pay for goods.  But as usual, when people see things generating profit, they will make it generate profit and consider it as an asset ang not use them as mode of payment because they will think that it would be a waste of opportunity to use it as a currency.
Bitcoin is still fine so saying greed kills bitcoin is out of context.  Besides just like what I stated, new comers will eventually learn that Bitcoin can be a currency.

For sure, I think even out community promote bitcoin as an easy way to make money. Even if you check what "influencers" say, they just keep posting about how bitcoin gonna be 100k$ and we all should buy it JUST to make money. Not to promote it as a currancy.

I'm saying that bitcoin is "dying" because this trend is very dangerous for it and government uses it. Out community is already forgetting why we need bitcoin and government is adopting bitcoin to be just an asset they can tax. And no one sees a problem with it.
People are saying that there are a lot of positive changes with bitcoin, but if you will read real stories of people even from this forum, you will find people sharing how they tried to adopt bitcoin for their business and accept and pay with BTC, but it's just failed because the system isn't created for this.
So maybe if people see bitcoin as easy money then these changes are great, but if we talk bout a true porpuse of bitcoin, then we have a problem with it.
62  Bitcoin / Bitcoin Discussion / Re: Do you feel bad while paying with BTC? on: May 29, 2023, 02:44:26 AM

Bitcoin does not charge any gas fee.  It is called a transaction fee and developers are working hard on how to make this fee to become cheaper.  As you can see in the development history of Bitcoin, from legacy to segwit to taproot, that development is all about making transaction fee to be cheaper while adding more privacy to the transaction without sacrificing Bitcoin security.

Exactly. Bitcoin was created only as a currency, but because of the limited supply people started trading it. And gass fees are not a problem because there are a lot of people who want to mine Bitcoin to earn BTC. And, ideally, the only way to make money out of bitcoin should be mining, but because the price is still fluctuating like crazy, I think people will just keep trading it.
63  Bitcoin / Bitcoin Discussion / Re: Bitcoin is "dying". on: May 28, 2023, 03:47:35 AM
Absolutely, there's this gigantic misconception floating around Bitcoin like a bad smell. Folks see it as this magical money maker due to its wild price swings, which, don't get me wrong, are pretty thrilling, but they tend to paint an unbalanced picture.

We can dial down this trend by hammering home that Bitcoin is not just a wild stallion in the financial rodeo, it's more like a chess game that demands a good grasp of the rules and a cool head. And, Bitcoin isn't just some digital version of gold bars; it's a whole new tech species with the potential to give our financial systems, and society at large, a serious makeover.

Blockchain technology, the heartbeat of Bitcoin, has a lot more going for it than just making you feel like a millionaire overnight. It's a fresh spin on securing data, enabling peer-to-peer transactions, and a lot more. So, the question we should be asking isn't "How can I get filthy rich with Bitcoin in record time?" but rather, "How can this tech wizardry help us build better, stronger systems?"

AGREE! I think a lot of people that are new in bitcoin only know it as magic money!
When I read treads I created, I see people saying "yes, bitcoin is just an asset, not currency" almost always. It's crazy that people forgot that bitcoin IS a currancy that should be freely used without banks or any other institutions. But people who just want to make a quick $ are happy with what is happening and support ANY regulations as long as they can trade bitcoin to buy another lambo and they don't care that because of that we are moving further away from what bitcoin should be.

Looks like greed kills bitcoin.
64  Bitcoin / Bitcoin Discussion / Re: Do you feel bad while paying with BTC? on: May 28, 2023, 03:40:08 AM
I generally feel bad when I need to pay with Bitcoin. Who would like to pay with something which is not deflationary. My country's currency (Turkish lira) keeps losing so much value that its best thing to pay with it. I love it when people sell me their Bitcoin for my Turkish lira (better experience than exchanges). I wonder when exactly we will start to treat as currency. I mean I obviously use it as currency - but its unfavored option for me to buy things with it - so I guess it will take years and years to come so many people will adopt it, its price will be stable so it will become very nice currency.

I think the emotion depends on how a person looks at Bitcoin.  For me, I feel nothing but being fulfilled when I spend Bitcoin.  I feel that I am helping the economics of Bitcoin and the merchant adoption since I am able to particpate in global economics of Bitcoin. 

it should be like this, yes! Because we need to promote bitcoin as a currency, not an asset.
But because of the fluctuations and general opinion in a community that bitcoin is an asset, it's just hard to use it without thinking that it will go up 100%+ pretty soon.

I think the problem is that bitcoin is still "young" and it didn't reach stability needed for it to be a currency.
65  Bitcoin / Bitcoin Discussion / Re: When Bitcoin will become stable currency? on: May 28, 2023, 03:37:32 AM

Technical feature of Bitcoin is unaffected by whether Bitcoin price becomes stable or not.  So I believe it is wrong to say that individual control and pseudonymity can't be achieved if Bitcoin becomes stable. 

Stability can be taken in two points.  Market stability means there is enough liquidity on the market and price stability which is there is enough demand for the supply and vice versa.  Price will fluctuate, the only difference of being stable is that it doesn't fluctuate wildly.
[/quote]

Totally agree with you!
People don't understand that right now everything indicates that Bitcoin becomes more and more controlled and not vice versa. As I said, regulations and KYC is a signs of centralization.

Yes, that's what I talking about it. I'm not saying that Bitcoin should be 100% stable but it should be stable enough for people to use it in everyday life. Because just imagine, you want to buy shoes, you change 1000$ to BTC and at the time you are at the store, you have 950$ because Elon said something on Twitter, it's an awful situation so people won't just use bitcoin for that.
66  Bitcoin / Bitcoin Discussion / Re: Bitcoin IS an asset. Do you think it's bad? on: May 28, 2023, 03:32:33 AM
yes, bitcoin is a great asset. But to overthrow the current banks like Fee is a big problem

That is the problem. It can't overthrow banks if we just see it as an asset because people won't use it like people use banking system.
67  Bitcoin / Bitcoin Discussion / Re: The power of digital money on: May 25, 2023, 04:12:25 PM
if you think about it, digital money sounds scary because you can lose it in seconds. But if they are not controlled by the banks but belong to you, it gets much safer and better.

I think crypto is the future of digital money. The fact that you can hold as much bitcoins as you want and withrow it in any country you want and no one can tell you nothing. It's crazy how easy and fast it got to send and receave money with BTC.
68  Bitcoin / Bitcoin Discussion / Re: Bitcoin is "dying". on: May 25, 2023, 04:08:34 PM
You don't want to sound pessimistic, but that's exactly how you sound right now.
The fact that you can't get a good platform t sell your crypto at a low transaction fee without kyc shouldn't give you the right to jump into conclusion that BTC is dying.
Well, for the record BTC is not dying and it is very much alive.

Well, if I'm wrong, then prove it with your argument. Now you just saying that I'm wrong and pessimistic. If government control, KYC, and centralization look great to you, then it's you pessimistic about bitcoin, not me!

Again, I'm not trying to antagonize bitcoin, I'M PRO-BITCOINER and I stick with it for a pretty long time already. I belive it's important to talk about topics like this and we should unite to make bitcoin space a better place.
69  Bitcoin / Bitcoin Discussion / Re: When Bitcoin will become stable currency? on: May 25, 2023, 04:05:29 PM

I don't see any difficulty in bringing bitcoin to daily use, it's just that people don't want to waste their bitcoins on day-to-day expenses while fiat has taken on that role very well.
 But would you admit to me that bitcoin is more suitable for investment than a currency because of its finite supply? Moreover, if it was used as a currency, would people still care about it as it is now?

Indeed, people are not using bitcoin as a currency because they see it as an asset, you not gonna sell your Apple shares to buy a beer, but it's NOT the only reason. You can't deny that fiat does this role better, because it, again, stable enought to use.
Just take a look at the currencies people use, If you will pay attention to the Turkish lira, you will see that people don't want to use it because of its volatility. Yes, it's going only down while bitcoin can go up, but the point stays, people preffer to use rather stable currency in everyday life.

Of course, bitcoin is more suitable for investments than currency. Who the hell even invests in currency? You should compare bitcoin to S&P 500 instead. And yes, for me, bitcoin is the better investment. But it's not making a good currency out of it.
70  Other / Off-topic / Re: Working over 20 years still poor on: May 25, 2023, 03:10:50 AM
It all depends on the person and country. If you work in a factory, of course, you will stay in the factory and you won't become rich. That's why it's always important to learn something new, get better at things and overall progress in life. Only your abilities will make you money.
71  Economy / Economics / Re: Do you spend more-do you get more? on: May 25, 2023, 03:08:46 AM
When you spend more you just spend more. You are not getting more money out of it. Only if you invest in something, you will get returns.

If you want to get rich, try to save as much as you can and invest it into crypto or the stock market. Silver is a good option too.

If you don't have enough money to save and invest every month, then you should find a new job, get better qualifications, or find a new profession. Unfortunately, there is no magical way to become rich, you should work for it.

But I'm sure you will get there if you try, good luck with that.
72  Bitcoin / Bitcoin Discussion / Re: Can you give one reason why I should buy bitcoin? on: May 25, 2023, 03:05:27 AM
Do your own research. If you won't want to buy it: don't do it.
You should understand what you are getting into and all risks coming with it.
You can earn some money, but you can also lose a lot. So be careful.
73  Bitcoin / Bitcoin Discussion / Re: When Bitcoin will become stable currency? on: May 25, 2023, 02:59:05 AM
Stability here means that as bitcoin gets bigger and the market is regulated, it will be stable and less volatile, like the stock market.
One more thing that I see many people are still confused about is that the crypto industry is not decentralized, only bitcoin is the only decentralized currency. All altcoins are centralized and are not too difficult for the government to manage. Many governments have drafted regulations for cryptocurrencies, I believe that in the near future, we will face many difficulties that governments cause.

The stock market is still not that great at being stable, especially in hard times like this. While any FUD can drag the Bitcoin price down, it's gonna be hard to use it as a currency. Even if we compare it to gold, gold won't go down because some dipshit said that it will go down, it's gonna be stable as it is. And not one gonna short gold lol.
So until Bitcoin will become something like gold, it will be hard to use it in everyday life.
74  Bitcoin / Bitcoin Discussion / Re: Bitcoin is "dying". on: May 25, 2023, 02:55:38 AM
KYC is imposed by the governments and the crypto companies must abide by the law, otherwise they will have to shut down.
I can't agree that crypto is "becoming" centralized. Crypto exchanges exist for one decade and they always have been centralized, but more and more people are moving their funds from centralized exchanges to cold wallets. This means that crypto is actually becoming more decentralized.
On the contrary, I think things are becoming more centralized as the government strengthens its control as well as increases regulation of the market. People move their assets from exchanges to cold wallets because they fear their assets will be lost after what FTX did. But according to the report, exchanges are still the largest store of bitcoin, so it cannot be said that things are becoming more decentralized.
Bitcoin is a currency or an asset, I don't find it too important. As long as it brings benefits and creates value for users, it is a success.

I agree, the government imposes more and more control on bitcoin and exchanges just abide by it and users are okay with that. I'm sure that after crypto winter when everything will go up, people will come back to exchanges because it's way easier to buy crypto there.

And KYC is a huge problem because it is an attack on the whole idea of bitcoin being anonymous.

And I must say that it matters how we see bitcoin. Because while bitcoin is destroyed as a currency, we are happily looking at it and smiling because it's still a good asset to invest it, who cares and it becomes more and more unusable as a money and you can hardly buy it without providing your passport.
75  Bitcoin / Bitcoin Discussion / Re: Bitcoin is "dying". on: May 24, 2023, 04:40:36 AM
LOL, it is quite funny when someone says that no one is thinking about the future of Bitcoin as a currency or thinking about other developments.
Those who say so are usually against Bitcoin and do not follow the good news of Bitcoin.
It's only a matter of time before Bitcoin can reach everyone.

No, it's not funny. And no, I'm not against bitcoin. You don't see the meaning I put in this post.
I'm literally pro-bitcoin and I want to protect the ideas Satoshi put in it. And these ideas are getting destroyed right now.

If you disagree with me, just go and read what people are saying about bitcoin. I created multiple posts collecting people's opinions about bitcoin and how they see it. When you say that I'm against bitcoin, it's not a good argument. It's changing nothing and people are staining treating it like an asset, government still tries to regulate it as hard as possible and we still see that the anonymity of bitcoin is getting destroyed as well.

That's the question if you think that it will reach everyone, how people will use it?
Just to invest in it?
I don't see why people even want to use Bitcoin as money because I don't see how it will become stable enough to use it on a daily basis.
76  Bitcoin / Bitcoin Discussion / Re: When Bitcoin will become stable currency? on: May 23, 2023, 02:48:31 AM

I have no idea about the current fiat price, but I'm talking about the long term.


Why? Fiat won't go anywhere anytime soon. How then do you buy Bitcoin if you don't know the price?
Especially considering that everyone is treating Bitcoin as an asset, it won't become currency as well. Only a small group of people will probably pay with it or accept it as payment.

We don't need to think about bitcoin as a substitute to fiat, because it's not. It should be a different kind of money that you use to break free from banks. But while Bitcoin is an asset that is traded and dumped non stop, it won't become this "new money".
77  Bitcoin / Bitcoin Discussion / Re: What will you do with bitcoin? on: May 23, 2023, 02:43:43 AM
A great reset can result in 1 BTC if you buy back afterward. People want the bull market moment to last forever, but sadly those moments never last, so if you know how to take advantage of it, it's a good way to get your retirement plan working at a greater speed.

Yeah, but it's pretty hard to find a moment when the bull/bear market has started or ended. It's very easy to make mistakes along the way but I think if you DCA and HODL then it's easy to catch these moments.

But I think even harder is to decide when to sell. Because you can easily lose potential gains if you'll sell to early.
78  Bitcoin / Bitcoin Discussion / Re: Bitcoin IS an asset. Do you think it's bad? on: May 22, 2023, 01:21:59 PM
Some people see Bitcoin as a currency, and we are all ok about it.
Some people see Bitcoin as an asset, and we are all ok about it.
Some people see Bitcoin as a scam coin, and we are all ok about it.
Some people see Bitcoin as a new technology, and we are ok about it.

But how our community sees bitcoins' future then?

If it's an asset, it can't become the currency that will be used by many people.
If it's a currency, then why do we okay with everyone trading it like crazy causing these fluctuations?

I understand that everyone is using Bitcoin how they want to, I'm okay with that, but what is the idea of Bitcoin right now?
Is it a way to get rich quickly or is it a technology to break free from the government?

From what I see, people see and treat it like the asses while government trying to find a way to take away bitcoins features from us with all these KYC and regulations.

It looks like we want to kill two birds with one stone and I don't think it's gonna work.
79  Bitcoin / Bitcoin Discussion / Re: Do you feel bad while paying with BTC? on: May 22, 2023, 01:15:39 PM
Bitcoin is already an unofficial currency,

Yes!
Some people use it as a currency, but if we want to see mass Bitcoin adoption, to be able to pay with it everywhere and not just in a few stores, we need to understand that it can't be just an asset to most people.

I honestly don't know how to solve this problem, but from what I see, people won't be using bitcoin as money as long as it's an asset that is dumped 3 times a week.

I'm afraid that soon no one will talk about bitcoin as a technology, but as a cool asset to trade to get a quick buck and then sell and wait for it to go down again. That way, it will never be even close to 'stability'.
80  Bitcoin / Bitcoin Discussion / Re: When Bitcoin will become stable currency? on: May 22, 2023, 04:52:31 AM

Yeah, I think that's the key here.

Fiat will always continue to be devalued over time, so Bitcoin will always be volatile because of that.

It might become less volatile if it's measured in something else like gold for example.

Bitcoin is fluctuating NOT because of the inflation of fiat. Fiat is just one of the measures of the bitcoins price, it has nothing to do with the price itself. Bitcoin is dropping only because people are selling it and there is more supply than demand.
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