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Author Topic: how strong is bitcoin really?  (Read 54910 times)
Senor.Bla
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October 03, 2016, 09:16:46 PM
 #361

According to forecasts in the near future we will see an active and stable growth cryptocurrency. So I think that bitcoin has not yet revealed all its might.

forecasts are all a bunch of crap and i don't care if they are saying a positive thing or a negative thing about bitcoin.

i have my own opinion and stick to it.

according to me bitcoin has a lot of potential and it will grow and i have eyes myself and see the market grow day by day and also grow in size.
But you need to bother about news and events to have bright future with the bitcoins. But you may continue ignoring them when you are having very long plans of holding your bitcoins, with your long haul plans you will definitely get more brighter futures assured by the demands of bitcoins. Because, demand for bitcoin will keep on rising so having proper plan will never disappoint you.

News and events are just a small part for bitcoin. In fact what is way more important is how we use bitcoin and implement it in our life's. If for example we all use on a daily business it will great a gigantic buy price and eventually making bitcoin the strongest e-currency on and outside the net.
news and events have more then a big impact on bitcoin. take bitfinex for example. more important then that is the opinion on the near future people have about bitcoin. if everybody expects it to become big but nothing happen this is not good for the price. so using bitcoin (often is better then big amounts) is the best you can do.

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October 04, 2016, 01:02:03 AM
 #362

According to forecasts in the near future we will see an active and stable growth cryptocurrency. So I think that bitcoin has not yet revealed all its might.

forecasts are all a bunch of crap and i don't care if they are saying a positive thing or a negative thing about bitcoin.

i have my own opinion and stick to it.

according to me bitcoin has a lot of potential and it will grow and i have eyes myself and see the market grow day by day and also grow in size.
But you need to bother about news and events to have bright future with the bitcoins. But you may continue ignoring them when you are having very long plans of holding your bitcoins, with your long haul plans you will definitely get more brighter futures assured by the demands of bitcoins. Because, demand for bitcoin will keep on rising so having proper plan will never disappoint you.

News and events are just a small part for bitcoin. In fact what is way more important is how we use bitcoin and implement it in our life's. If for example we all use on a daily business it will great a gigantic buy price and eventually making bitcoin the strongest e-currency on and outside the net.
news and events have more then a big impact on bitcoin. take bitfinex for example. more important then that is the opinion on the near future people have about bitcoin. if everybody expects it to become big but nothing happen this is not good for the price. so using bitcoin (often is better then big amounts) is the best you can do.

It is a problem for the bitfinex management and not with the bitcoin network itself. I would say that bitcoin is really strong because if it is not strong when the bitfinex incident happened and the price fall completely. Then why did the price of bitcoin went back again to $620+ so this clearly says that bitcoin now is really strong.

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October 04, 2016, 10:21:35 AM
 #363

According to forecasts in the near future we will see an active and stable growth cryptocurrency. So I think that bitcoin has not yet revealed all its might.

forecasts are all a bunch of crap and i don't care if they are saying a positive thing or a negative thing about bitcoin.

i have my own opinion and stick to it.

according to me bitcoin has a lot of potential and it will grow and i have eyes myself and see the market grow day by day and also grow in size.
But you need to bother about news and events to have bright future with the bitcoins. But you may continue ignoring them when you are having very long plans of holding your bitcoins, with your long haul plans you will definitely get more brighter futures assured by the demands of bitcoins. Because, demand for bitcoin will keep on rising so having proper plan will never disappoint you.

News and events are just a small part for bitcoin. In fact what is way more important is how we use bitcoin and implement it in our life's. If for example we all use on a daily business it will great a gigantic buy price and eventually making bitcoin the strongest e-currency on and outside the net.
news and events have more then a big impact on bitcoin. take bitfinex for example. more important then that is the opinion on the near future people have about bitcoin. if everybody expects it to become big but nothing happen this is not good for the price. so using bitcoin (often is better then big amounts) is the best you can do.

It is a problem for the bitfinex management and not with the bitcoin network itself. I would say that bitcoin is really strong because if it is not strong when the bitfinex incident happened and the price fall completely. Then why did the price of bitcoin went back again to $620+ so this clearly says that bitcoin now is really strong.
sure it was not a bitcoin problem, but the price took a hit. if a bitfinex would happen every week, we would be either at a price of single digits or it would not change at all, since people would be used to it. depending on how people would feel about it. this is what i mean when i say not the news/event make the price but rather peoples reaction to it.

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October 04, 2016, 03:08:22 PM
 #364

IMO bitcoin is as strong as it can get, It has already survived tons of ups and downs and plenty of media coverage particularly the bad one and plenty of sites closing or getting hacked, I guess this shows how durable bitcoin really is specially compared to other altcoins.
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October 04, 2016, 07:48:12 PM
 #365

How can we predict the stability of bitcoin if any kind of situation in the market begin to haunt him. If not for the situation bitfinex we would have for about $ 1k per 1btc
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October 05, 2016, 12:50:57 AM
 #366

How can we predict the stability of bitcoin if any kind of situation in the market begin to haunt him. If not for the situation bitfinex we would have for about $ 1k per 1btc

Well we don't have to blame the bitfinex incident for those kinds of scenarios are happening everywhere and I guess that is just making the economy of bitcoin balanced. And we don't have to look upon the past because that is not going to help us to keep on moving forward. And don't worry because of bitcoins strength the price is going to reach $1,000 soon.

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October 05, 2016, 01:42:39 AM
 #367

How can we predict the stability of bitcoin if any kind of situation in the market begin to haunt him. If not for the situation bitfinex we would have for about $ 1k per 1btc

Well we don't have to blame the bitfinex incident for those kinds of scenarios are happening everywhere and I guess that is just making the economy of bitcoin balanced. And we don't have to look upon the past because that is not going to help us to keep on moving forward. And don't worry because of bitcoins strength the price is going to reach $1,000 soon.

So the bitfinex incident is already gone and from the real evidence like https://www.cryptocoincharts.info/markets/info and the bitfinex is already re-alive again. but according to from the volatility of bitcoin is decreasing considering from the market... too difficult for bitcoin reaching $1000 just for a short time.

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October 05, 2016, 04:12:15 AM
 #368

How can we predict the stability of bitcoin if any kind of situation in the market begin to haunt him. If not for the situation bitfinex we would have for about $ 1k per 1btc

Well we don't have to blame the bitfinex incident for those kinds of scenarios are happening everywhere and I guess that is just making the economy of bitcoin balanced. And we don't have to look upon the past because that is not going to help us to keep on moving forward. And don't worry because of bitcoins strength the price is going to reach $1,000 soon.

So the bitfinex incident is already gone and from the real evidence like https://www.cryptocoincharts.info/markets/info and the bitfinex is already re-alive again. but according to from the volatility of bitcoin is decreasing considering from the market... too difficult for bitcoin reaching $1000 just for a short time.

And because of that bitfinex incident it clearly says that the strength of bitcoin is not just a thing to be ignored. We can now prove that bitcoin is really strong.

I agree with you that making the price of bitcoin to $1,000 for a short time is not easy but I know that we are going to make it if we are just going to keep on supporting it.

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sourris01
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October 06, 2016, 05:29:50 PM
 #369

If we take into account the entire market of digital currencies, Bitcoin looks very good compared m fiat currency
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October 06, 2016, 06:37:57 PM
 #370

Bitcoin will show all its power when it approached the end of its production. Actually already assess that produced about 2/3 of the total amount.
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October 07, 2016, 11:26:55 AM
 #371

I think the major problem is someone can create a key and it's your key... and well, there goes away all your money Wink
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October 07, 2016, 12:46:05 PM
 #372

If bitcoin is easy to hack, it would be down in years before the price going $600.
The code bars of this cryptocurency is too perfect to hack by someone with old PC in the garage.
I understand that bitcoin is complicated, so it will be very difficult to hack bitcoin .. and if anyone can do it, surely he is a great guy..

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October 07, 2016, 12:59:02 PM
 #373

I could say that bitcoin now is strong, Why? if it is not strong there will be no altcoins will appear everyday or every week, neither month, But there are many rises up and some of them or majority of them are scammer. Meaning the influence of bitcoin is too strong to the business minded people. Aside from that every day there are many investors investing in bitcoin world and the counting of users is also increasing daily.

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October 07, 2016, 01:04:03 PM
 #374

Bitcoin is already pretty strong but it has the potential to become even bigger, better and stronger in the future. They will need to attract more people to go out and make use of Bitcoin.
If that is not going to happen then I think that Bitcoin is not going to be as big as people think.

That's right in future bitcoin  is only method and currency which gonna rule the future and the only currency which is going to adopt by American economy.
this payment gateway only gonna sent paypal away from this world.

Paypal will face tough competition from bitcoins in future but that doesn't mean that it will simply disappear, people who are satisfied with Paypal will continue to use it even bitcoin gains more popularity.
Yes you are right.Paypal is not going to closed down and there is no need for it.Bitcoin is not meant to send everyone out of business but it can be incorporated in existing system


Yeah but when people will come to know that they can also do shopping and money transfers with bitcoin,  most of them will choose to go with bitcoin as it involves very less fees.

Bitcoin actually, is not competing any business all around the world. It is not also a threat to any company too, instead, bitcoin is helping the business to give innovation when it comes to technology.

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October 09, 2016, 11:37:31 PM
 #375

People confirm it as a secured system to be with. We have secured wallets as well. Everyone here has trust on blockchain wallets, localbitcoin wallets and on other wallets. The price is really high compared to other currency. This is the sign of its strong foundation. Though many governments are against it, one or the other way they support in terms of making the merchants accept the bitcoins.
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October 10, 2016, 01:38:31 AM
 #376

If bitcoin is easy to hack, it would be down in years before the price going $600.
The code bars of this cryptocurency is too perfect to hack by someone with old PC in the garage.
I understand that bitcoin is complicated, so it will be very difficult to hack bitcoin .. and if anyone can do it, surely he is a great guy..
Yeah bitcoin is really very difficult to hack and anyone can not hack the bitcoin and i think that bitcoin is very much stronger because a lot of people invest their money bitcoin the fact bitcoin is very secure and safe currency and people invest their money in bitcoin with out any worry .

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October 10, 2016, 02:19:48 AM
 #377

For me, Bitcoin is like a Tree.
It doesn't care how many storms had to come, in the end, it will stay alive. As we can see, bitcoin is still alive til now even though that there's a lot of people that doesn't trust the bitcoin. Still; there are some people who believes that bitcoin has its success in the end. They are just patiently waiting for it.
The security of bitcoin is unhackable unless it is in the user's fault. As we all know, Bitcoin is adopted in many countries.  That's a good news because as long as many people using the bitcoin then it gives more power to bitcoin to be unbreakable. There are also people who are so much willing to spend their money just to own a bitcoin. 
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October 10, 2016, 02:33:53 AM
 #378

It is not on the part that we can say it is really strong. At our world now we see the strength of one thing in terms of its value, price and popularity. Look at USD, many says it is strong because it is just popular but are we to conclude that it is really that great when it comes to value from other countries.

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maydna
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October 10, 2016, 02:05:10 PM
 #379

actually bitcoin is strong because of back up from this community and spread from mouth to mouth and this is why there are many people will attract and want to use bitcoin. beside back up from this community, bitcoin can do nothing without us but bitcoin will do the potential to reach more people.

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October 10, 2016, 02:08:17 PM
 #380

actually bitcoin is strong because of back up from this community and spread from mouth to mouth and this is why there are many people will attract and want to use bitcoin. beside back up from this community, bitcoin can do nothing without us but bitcoin will do the potential to reach more people.

I think the OP is not meaning strong in the sense of publicity, he is meaning of technically how strong is Bitcoin and as per my knowledge Bitcoin Technology is very strong that is why so many of them are using its technology and preparing other coins. Their are so many option which if you check then you itself will realize it
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