deon
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October 30, 2015, 01:04:35 PM |
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There are rumors of negative interest rate and cash confiscation in the US. I can see it happening.
Zero interest rates are what is supporting the stock market. Bitcoin is a good way to trade without going to banks and maybe hold onto your wealth.
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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AdopterOfCoin
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October 30, 2015, 01:11:19 PM |
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There are rumors of negative interest rate and cash confiscation in the US. I can see it happening.
Zero interest rates are what is supporting the stock market. Bitcoin is a good way to trade without going to banks and maybe hold onto your wealth.
Interest rate is negative. We all know that. There will be no cash confiscation. The Fed will just print more dollar bill. That is the same as cash confiscation. |
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Betwrong
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I stand with Ukraine.
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October 30, 2015, 01:17:24 PM |
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BTC = USD - it is the same, please  Why do you think it is the same, same on what. Bitcoin is a digital (virtual) currency and dollar is physical and digital currency too. Also bitcoin is a platform itself, it is all open, and all transaction are visible to the public. That was a troll posr I guess.  Of course BTC is not equal to USD. If you have any doubt about this statement please take a look http://preev.com/It is obviously more than USD x 300. So they are not equal. ) |
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NextTroll
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Activity: 50
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October 30, 2015, 01:19:37 PM |
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So guys, in a world where the 10% of total transaction are with BTC, what is the advantages for a normal family? What this kind of money can solve? In particular, if some rich don't spend BTC to increase the value and less BTC are spent, how can deflating happen?
Particular, which CONCRETE advantages can the people get from BTC?
Thank you.
Bitcoin is good for savings for the long term |
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traderbit
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October 30, 2015, 01:20:59 PM |
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BTC = USD - it is the same, please Why do you think it is the same, same on what. Bitcoin is a digital (virtual) currency and dollar is physical and digital currency too. Also bitcoin is a platform itself, it is all open, and all transaction are visible to the public. That was a troll posr I guess. Of course BTC is not equal to USD. If you have any doubt about this statement please take a look http://preev.com/It is obviously more than USD x 300. So they are not equal. ) Because the bitcoin coins are limited to 21 Million. It never will be the same with dollar in this aspect. But also not even similar in the way that these two works because are totally different. |
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JinxCoins
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October 30, 2015, 02:10:12 PM |
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Better bitcoin is cheaper if you want to send money.
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Q7
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October 30, 2015, 02:37:57 PM |
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Basically what makes it different compared to dollar is that there can only be 21 millions of bitcoin. So essentially if adoption rate scale up accordingly and there is a limit cap in place, you know that your money can only increase in value as times go by, unlike the opposite with fiat.
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AdopterOfCoin
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Activity: 37
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October 30, 2015, 04:11:15 PM |
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BTC = USD - it is the same, please It is the same because they are both currencies. It is different because bitcoin is a store of value. It will rise in value in long term. The dollar always drops in value. |
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electronicfactura
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October 30, 2015, 07:31:28 PM |
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Bitcoin as well as Dollar both are necessary at the moment and will remain for long time.We didn't reach at that much advance where we can adopt digital currency as only choice.Bitcoin is making its way and has already done great job when it comes to transfer funds online or gambling but still many people don't understand it and many didn't hear about it yet.
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jangloos
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October 30, 2015, 07:31:42 PM |
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Off course bitcoin is only and solid option when we make any comparison between both bitcoin and Dollar.It is faster,secure and cost effective although it is very young.In future Dollar will have very limited use and digital currencies like Bitcoin will dominate.
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christycalhoun
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October 30, 2015, 07:48:39 PM |
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BTC = USD - it is the same, please Why do you think it is the same, same on what. Bitcoin is a digital (virtual) currency and dollar is physical and digital currency too. Also bitcoin is a platform itself, it is all open, and all transaction are visible to the public. I kind of understand what he means, the bitcoin price is very reliant on its USD price. But of course they are two different currencies. |
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delliaerd
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October 31, 2015, 12:08:31 PM |
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It is the same because they are both currencies. It is different because bitcoin is a store of value. It will rise in value in long term. The dollar always drops in value. [/quote] I agree with you that value of bitcoin will be rise in long term and i think should invest it but i don't think so that dollar always drops in value. It depends on the condition of the future |
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AdopterOfCoin
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October 31, 2015, 12:15:55 PM |
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It is the same because they are both currencies. It is different because bitcoin is a store of value. It will rise in value in long term. The dollar always drops in value.
I agree with you that value of bitcoin will be rise in long term and i think should invest it but i don't think so that dollar always drops in value. It depends on the condition of the future From the past experience, dollar always drop in value. This was proved the inflation index. Over any 5 year period, the inflation figure is positive. |
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dothebeats
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Activity: 3640
Merit: 1352
Cashback 15%
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October 31, 2015, 12:21:54 PM |
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From the past experience, dollar always drop in value. This was proved the inflation index. Over any 5 year period, the inflation figure is positive.
Which is why it is not smart to keep all your assets in dollars.  Btc and gold seemed to be the best investment for keeping one's assets over dollar because of inflation. |
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JeWay
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October 31, 2015, 12:34:20 PM |
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Better bitcoin is cheaper if you want to send money.
That's right, even tho there's still be some fees on every transaction. But the fee is very small than normal fees from Bank. |
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Furio
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Merit: 1000
BTC | LTC | XLM | VEN | ARDR
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October 31, 2015, 12:38:16 PM |
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It is the same because they are both currencies. It is different because bitcoin is a store of value. It will rise in value in long term. The dollar always drops in value. I agree with you that value of bitcoin will be rise in long term and i think should invest it but i don't think so that dollar always drops in value. It depends on the condition of the future [/quote] So many things can happen that would render Bitcoin obsolete, the protocol is deflationary by definition, but there are many, MANY other factors that could have a negative impact on the price of Bitcoin... Don't get me wrong, I'm a big fan and hope for a bright future of Bitcoin, but chances are high that mass adoption will be achieved by another service based on blockchaintech, please be aware of just how risky crypto atm is |
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asusZ
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October 31, 2015, 12:58:42 PM |
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I prefer bitcoin because it is easier to get
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Pierre 2
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October 31, 2015, 01:14:55 PM |
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Currently btc is more valuable than dollar because basic math 1 btc around 310 dollars.
But if you talk about real value, Bitcoin is not centralized and still could not find big mass to move so it is more dangerous.
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AdopterOfCoin
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October 31, 2015, 01:52:39 PM |
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I prefer bitcoin because it is easier to get
Bitcoin is difficult to get. You may get some from faucets, but the amount is very small. We all have to work hard to get some bitcoins. |
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dothebeats
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Activity: 3640
Merit: 1352
Cashback 15%
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October 31, 2015, 01:54:39 PM |
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I prefer bitcoin because it is easier to get
Bitcoin is difficult to get. You may get some from faucets, but the amount is very small. We all have to work hard to get some bitcoins. Getting is different from earning. If you would only buy it from exchanges, it could be within minutes. But with earning it, it will take you a long time before you can get one whole bitcoin. |
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