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Author Topic: how strong is bitcoin really?  (Read 54125 times)
KingdomHearts
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December 24, 2016, 07:25:45 PM
 #621

yeah bitcoin is really too much stronger currency and there is a lot of people adopting bitcoin for the future because they know that bitcoin is very useful and profitable currency and we can get a huge amount profit from bitcoin.


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ubitcoin
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December 24, 2016, 07:55:42 PM
 #622

Bitcoin strenght is depend on the market and people opinion, as long as people use and believe it as a currency it will not die. Even government can not destroy bitcoin.
That's absoulutely true,as long as people adopt BTC,the market will continue to grow and BTC will be stronger as a result.I think that BTC as a whole is quite strong nevertheless,so it will only become stronger as more retailers start accepting it,I've seen some positives in that area as some retailers I follow have started accepting BTC which is great and that will make BTC stronger.
More people start using bitcoins in their daily life, that's why the price of Bitcoin is increasing day by day.
Due to more demand in market Bitcoin is becoming stronger and yes if more retailers or customer use Bitcoins it is great postive news for all the bitcoin adopters. That alone will explain that how strong bitcoin is.
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December 24, 2016, 08:11:13 PM
 #623

Bitcoin strenght is depend on the market and people opinion, as long as people use and believe it as a currency it will not die. Even government can not destroy bitcoin.
That's absoulutely true,as long as people adopt BTC,the market will continue to grow and BTC will be stronger as a result.I think that BTC as a whole is quite strong nevertheless,so it will only become stronger as more retailers start accepting it,I've seen some positives in that area as some retailers I follow have started accepting BTC which is great and that will make BTC stronger.
More people start using bitcoins in their daily life, that's why the price of Bitcoin is increasing day by day.
Due to more demand in market Bitcoin is becoming stronger and yes if more retailers or customer use Bitcoins it is great postive news for all the bitcoin adopters. That alone will explain that how strong bitcoin is.
The demand will increase as the value increases because, let's be honest, most users of Bitcoin throughout the first world are going to invest in it as a speculative venture and less like a currency.

Once it becomes more useful throughout average life and more outlets start to accept it as a decent medium, then we're going to see something really start happening and more people will seriously use it.
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December 24, 2016, 09:43:04 PM
 #624

Bitcoin as an alternate earning source and as a potential currency for investment and ease of gambling can never be provided by any other local or altcoins. This indicates the growth and strength of bitcoin to go mainstream over the years to come.
Not only to investors and gamblers but a lot of people from every field of life and getting benefit from the use of bitcoin and they know the importance of it and for that they like to support bitcoin this the community support is making it a more stronger currency.
SvenBomvolen
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December 24, 2016, 10:40:49 PM
 #625

   Really? When price is jumping from 800 to 900 dollars in few days I can say that bitcoin is really strong, if its weak this jump wouldnt be possible.
   Bitcoins is very strong currency now, looks like every year something new happen that push bitcoin forward. Bitcoin will be stronger with every next year apparently.
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December 24, 2016, 10:43:55 PM
 #626

Bitcoin as an alternate earning source and as a potential currency for investment and ease of gambling can never be provided by any other local or altcoins. This indicates the growth and strength of bitcoin to go mainstream over the years to come.
true, bitcoin has many benefits and everyone can benefit from bitcoin, bitcoin moreover increasingly popular and this will continue, of course with that bitcoin will be stronger

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December 25, 2016, 01:36:28 AM
 #627

LOL ,

It is as Strong or as Weak as China makes it.   Wink


 Cool


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December 25, 2016, 01:49:06 AM
 #628

LOL ,

It is as Strong or as Weak as China makes it.   Wink


 Cool





more weakness
And as like you said.  Tongue


How the stronger bitcoin? it will get stronger when the price of the yuan was decreasing and a lot of the Chinese will buy bitcoin. It seems like a migration place for the fiat user.  Cheesy

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December 25, 2016, 04:37:00 AM
 #629

Bitcoin as an alternate earning source and as a potential currency for investment and ease of gambling can never be provided by any other local or altcoins. This indicates the growth and strength of bitcoin to go mainstream over the years to come.
true, bitcoin has many benefits and everyone can benefit from bitcoin, bitcoin moreover increasingly popular and this will continue, of course with that bitcoin will be stronger
Well, bitcoin strength can not be measured. I think the strength of bitcoin depending on our needs. a growing number of needs that we want, the stronger bitcoin, but weakened our ability to withstand bitcoin, the bitcoin will be weakened. but bitcoin has become a necessity of life of many people, so I think bitcoin will remain like this.


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Rooster101
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December 25, 2016, 07:20:31 AM
 #630

Strong support needed to make the bitcoin strong enough to withstand any challenges that lie ahead. For the past the weeks, bitcoin's strong price rally made it to $900 level and almost threatens to break the $1000 mark. Some factors are also contributing to bitcoin's strength like world events.

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December 25, 2016, 06:15:58 PM
 #631

Bitcoin is strong in many ways , it is secure since the wallet id keeps changing which puts it at a big advantage over the bank accounts which have the same id , bitcoin wallets don't ask you for you personal information so you are always hidden from potential hacks that can steal your personal data and that what makes it different to the banks.
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December 25, 2016, 06:21:42 PM
 #632

Bitcoin as an alternate earning source and as a potential currency for investment and ease of gambling can never be provided by any other local or altcoins. This indicates the growth and strength of bitcoin to go mainstream over the years to come.
true, bitcoin has many benefits and everyone can benefit from bitcoin, bitcoin moreover increasingly popular and this will continue, of course with that bitcoin will be stronger
Well, bitcoin strength can not be measured. I think the strength of bitcoin depending on our needs. a growing number of needs that we want, the stronger bitcoin, but weakened our ability to withstand bitcoin, the bitcoin will be weakened. but bitcoin has become a necessity of life of many people, so I think bitcoin will remain like this.
Well we have all not the same answer but  for me i have my own measure about bitcoin how it is strong.
Honestly for me bitcoin still not strong because there is still weaknesses about bitcoin.. like the security like reverse payment we can not charge back after send in the wrong address or dealing with scammers. So for me bitcoin still weak..

Pm me if you want some help. I always responds if i know the answer..
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December 25, 2016, 07:32:44 PM
 #633

Bitcoin as an alternate earning source and as a potential currency for investment and ease of gambling can never be provided by any other local or altcoins. This indicates the growth and strength of bitcoin to go mainstream over the years to come.
Not only to investors and gamblers but a lot of people from every field of life and getting benefit from the use of bitcoin and they know the importance of it and for that they like to support bitcoin this the community support is making it a more stronger currency.
These are just a few of the reasons why we can say that there is an underlying economy building with Bitcoin. This means that there is real demand and price is a result of this, not of market manipulation, as some people think, and as happens with some other currencies.

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December 25, 2016, 07:33:08 PM
 #634

Bitcoin as an alternate earning source and as a potential currency for investment and ease of gambling can never be provided by any other local or altcoins. This indicates the growth and strength of bitcoin to go mainstream over the years to come.
true, bitcoin has many benefits and everyone can benefit from bitcoin, bitcoin moreover increasingly popular and this will continue, of course with that bitcoin will be stronger
Well, bitcoin strength can not be measured. I think the strength of bitcoin depending on our needs. a growing number of needs that we want, the stronger bitcoin, but weakened our ability to withstand bitcoin, the bitcoin will be weakened. but bitcoin has become a necessity of life of many people, so I think bitcoin will remain like this.
Well we have all not the same answer but  for me i have my own measure about bitcoin how it is strong.
Honestly for me bitcoin still not strong because there is still weaknesses about bitcoin.. like the security like reverse payment we can not charge back after send in the wrong address or dealing with scammers. So for me bitcoin still weak..
I agree. Today, bitcoin holds the position very well. The main thing that there is no strong shocks in the market.
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December 25, 2016, 07:39:18 PM
 #635

Bitcoin as an alternate earning source and as a potential currency for investment and ease of gambling can never be provided by any other local or altcoins. This indicates the growth and strength of bitcoin to go mainstream over the years to come.
Not only to investors and gamblers but a lot of people from every field of life and getting benefit from the use of bitcoin and they know the importance of it and for that they like to support bitcoin this the community support is making it a more stronger currency.
yes facilities of bitcoins are increasing from time to time. bitcoin is now facilitating people, in fact people are now investing their money in bitcoin, they are using bitcoin for double purposes, the use it for investment and as currency for shopping.

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December 25, 2016, 07:59:42 PM
 #636

Indeed, after the currency broke away from the provision of precious metals, their main function is supported only means of payment agreement, the participants of economic relations.
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December 25, 2016, 08:24:06 PM
 #637

Your friend is probably not very bright. Bitcoin has a very strong security system, if it had a weak one could be hacked so easily it would be a total disaster and it would not have a real use or a good price at all. Private keys can not be hacked, it is pretty much impossible, so think about hacking the whole network - can not be done.

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December 25, 2016, 08:27:38 PM
 #638

Your friend is probably not very bright. Bitcoin has a very strong security system, if it had a weak one could be hacked so easily it would be a total disaster and it would not have a real use or a good price at all. Private keys can not be hacked, it is pretty much impossible, so think about hacking the whole network - can not be done.
The main feature and strength cryptocurrency is its anonymity - as opposed to electronic money, one way or another tied to a real bank accounts, the Bitcoin did not leave traces that can be tracked. Its unregulated network structure does not allow to also control the transaction from the country or international regulators.
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December 25, 2016, 08:53:38 PM
 #639

Bitcoin is strong as strong is a there is strong trust in Bitcoin.
There is not easy to say or even measure that. If this can be done by measuring just Bitcoin price on the market vs Fiat then it´s clear that Bitcoin is strong now. What can be true today can't necessarily be true tomorrow.
If there is a trust in Bitcoin then Bitcoin will remain strong.
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December 25, 2016, 08:59:04 PM
 #640

Indeed, after the currency broke away from the provision of precious metals, their main function is supported only means of payment agreement, the participants of economic relations.
I strongly believe in the power bitcoin, because the total number of coins in the system is limited to the top 21 million coins algorithm, so in theory the coin must go up. And this is the main attraction today is generated about half that amount, then the price will rise more in some times.
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