Bitcoin Forum
May 02, 2024, 06:06:32 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Economy / Economics / Re: Can bitcoin be worthless? on: May 07, 2019, 04:52:33 PM
In my opinion, Bitcoin is not just a currency. Bitcoin is a technology (Blockchain). It's a revolutionary technology in the world of Internet.

In my knowledge the last revolution was Invention of Internet and after that Blockchain Technology is the only thing which is growing day by day.

Soon we will able to see global adoption of this technology. Bitcoin is base of cryptocurrency and will remain forever till this blockchain technology will stay in existence.

As we can see year by year bitcoin's value is increased and till global adoption i can say it will keep increasing.

So Bitcoin can not be worthless till blockchain technology will exists.

Thanks !!

I totally agree, with Bitcoins dramatic gains for the past few years and with a lot of people more drawn to it, bitcoin will not be worthless. Also, blockchain being a very promising technology when it comes to security of personal information, a lot of people nowadays are starting to adopt bitcoin.
2  Economy / Economics / Re: Can bitcoin be worthless? on: May 07, 2019, 11:13:54 AM
No, they will not become worthless due to the built- mechanics of mining bitcoins. I think it will only become worthless if there’s no demand for them. The fact that Bitcoin becomes more and more expensive to mine means that people are available to pay more and more for it.
3  Economy / Economics / Re: become rich by bitcoin. on: May 07, 2019, 08:52:47 AM
Well, for me it can’t considered a success if through fraud. It is more fulfilling feeling if you obtain your wealth from your own hard work. Also, it is worry free and something that you can brag to anyone or even share to them. I know few people whose lives improved through bitcoin and it’s in a legit way. Kudos to them!
4  Bitcoin / Bitcoin Discussion / Re: Bitcoins labelled a gambling device on: May 06, 2019, 06:45:54 AM
Labelling bitcoin as a gaming machine is an understatement. Well it’s true that bitcoin can be used in gambling but it does not mean that its a gambling device. Bitcoin being a digital money does not translate to being a gambling device.
5  Bitcoin / Bitcoin Discussion / Re: Is blockchain a perfect solution? on: May 06, 2019, 01:25:21 AM
I totally agree, it may be the best for now but we'll never know in the future. With the current advancement and people who loves to explore on things, I guess they might be able to create another technology way better than blockchain.
6  Bitcoin / Bitcoin Discussion / Re: What can you buy with bitcoin? on: May 05, 2019, 01:13:04 AM
In our country, we can't buy anything using bitcoin directly, we have a local wallet where we can convert it to our currency before we can buy something like load and make payments.
7  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin be considered a Religion? on: May 05, 2019, 01:05:26 AM
Oh! My bad, what i meant was Satoshi Nakamoto - human, the other satoshi is not a human though!  Wink
8  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin be considered a Religion? on: May 05, 2019, 12:47:13 AM
Believing to bitcoin doesn't translate to worshipping it. Besides Satoshi is not a God his a human so I don't think it fair to consider Bitcoin as a religion.
9  Bitcoin / Bitcoin Discussion / Re: Is blockchain a perfect solution? on: May 05, 2019, 12:26:46 AM
Quote
Human history is always riddled with insatiable greed and selfishness resulting into conflicts and problems which ordinary people like you and me can experience. This was true before and sadly this is even truer these days. Good thing that this weakness of human nature is partly addressed by the blockchain technology but then again just like any man-made invention nothing is really perfect here. We have the capacity to make things complicated and hopefully blockchain can sort things out. In my own opinion, the blockchain technology can be a big leap for humanity but still this is not the cure-all for all the ailments humanity can be into.

I agree, every inventions have its pros & cons but I think it's a good start with blockchain as to help lessen such issues.
10  Economy / Economics / Re: Crypto Scams are a global issue on: May 04, 2019, 12:35:55 PM
Scam is a global issue even before crypto, I think some is just saying that crypto is all scam since it's done in the internet. And as we all know scam normally happened using the internet thus, most people think it's scam. I think whether it's crypto or not, scam is inevitable because scammers just can't get off their hands to easy money.
11  Bitcoin / Bitcoin Discussion / Is blockchain a perfect solution? on: May 04, 2019, 12:42:14 AM
We live in a world where our online IDs are in the hands of the government and banks, and we rely on them to keep it secure. Blockchain IDs on the other hand, put you and you only in control. Therefore, you can store all your passwords and any other personal information on the blockchain, eliminating the need of passwords in everything. In the future, these ID services could be applied to government services, medicines and any other record keeping agency.

Blockchain system exist to combat greed and middlemen and to give individuals ultimate control of their identity and activity. In a blockchain future, we will see a world where our medical records are immediately available if we are in an accident; where online voting was possible; and where transparency was paramount and greed is disincentivized.
12  Other / Politics & Society / Re: New York State Rockland County Bans Unvaccinted Kids From All Public Places on: May 03, 2019, 12:31:45 AM
I really think that it is right do to this as to ensure public safety. It is important for kids to be vaccinated so that they will not obtain diseases that can be contagious to anyone. I truly think that it is an act of securing public welfare and security.
13  Economy / Economics / Re: Big risk ,big results. on: May 02, 2019, 03:46:48 PM
Well its true that investing with high capital will have high gains but also remember that its not only about how much you invest or you put into it but how you did it or what is the strategy that you use to have higher chances of profit rather than losses. I know some small time investors who were able to gain much because they’re able to master and fully understood how it really works. Though losses can still be present, its inevitable but at least you get to lessen the chance of incurring high losses. I think it still a matter of skills regardless of how much you invest on it.
14  Economy / Trading Discussion / Re: Trader don't speculate? on: May 02, 2019, 09:44:23 AM
I think speculation plays an important role in trading because if a trader picks the right trade and speculates accurately then it’s very likely to have high returns. When we say high returns it also means that high risk, so strongly advise to those who are interested in trading, one needs to study first how trading works and do a lot of research to fully understand the system. Trading is not a joke that you can just easily trade without speculating correctly because it could mean a waste of time, effort and also resources. I’ve tried trading in the past and I just use instinct instead of speculating properly and it cost me a lot of fortune. Therefore, trading needs proper speculation to have high chances of high returns.
15  Economy / Trading Discussion / Re: trading discussion on: May 02, 2019, 08:57:49 AM
There’s no doubt that there is a high possibility of winning in trading most especially if the trader use the right method and strategy. Trading for me is not a joke where in anyone can just play because if a trader don’t use the right strategy and method then the chance of winning is very low. If you want to succeed and win at trading one must have to analyze every possibilities and do a lot of research and monitoring as to not waste money and time in trading.
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!