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Author Topic: I think the potential of BTC is over  (Read 6185 times)
Caladonian
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March 29, 2017, 05:45:05 AM
 #21

we just needed to keep believing and no one knows what will happen in the future but this would be between believers and those opportunist
people who have strong believes and big nerved to continue holding against those who just wanted an easy profits, for me its not over as still
seeing the bouncing up and downs will attract new investors.
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March 29, 2017, 05:54:07 AM
 #22

All BTU shills dont understand that Bitcoin is valuable because it's decentralized and limited in amount. Unlike your shit alts. Eth is fully controlled by Buterin for example. Who would buy this shit? Only Vermin pumping it to pretend that Bitcoin is dead.

in one way or another all coins are a bit centralized, some more than other, bitcoin have the upper hand, because it can be used as a currency, but what if one day one of those coins will be accepted too? it could put some serious competition to bitcoin

some of them have features that bitcoin don't have like untraceability, maybe bitcoin is not mean to govern the world alone, could be good to have some alternative for soem for of payment, we knoe thta bitcoin will never solve the fee size

you simply can't and it's not relate to the block limit, because if one bitcoin one day is worth 10k or 100k, even paying 10k satoshi, the old minimum, you end up with a high fee anyway, and miners need their fee to have a high value when the reward in two halving will be almost useless
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March 29, 2017, 06:00:03 AM
 #23

Is it just me or does it seem like there's a shill team going around? New account spreading tons of FUD. Truth is, Bitcoin is working perfectly and 90% of my transactions get confirmed within 20 mins. It is working the same as it has been for the past 8 years.
I'd suggest you to watch season 6 episode 9 of homeland (just google it you'll find it) there you'll see a group of shills each one with several usernames/accounts shilling/FUDing against (supposedly Hillary Clinton) and as a matter of fact you can see their kind here as the full member/senior member all with post count and activity equal to each other (farm accounts/shills) and their presence is felt extremely hot especially in altcoin boards and in ICO/scam threads they have also a couple of hero/legendary members with sometimes green trust as their leader Cheesy

As a bitcoin supporter and a regular user if you are, you shouldn't really be effected/influenced by any FUD but should only be satisfied or unsatisfied by the performance of the system and be prepared for any funny surprises.

I can swear that 60% of total numbers of transactions low or high fees are fake/spam/enforcers of "we need bigger blocks so lets go unlimited".

@OP, I think you don't know what is potential please do a translate to your own language to see that it's something that is already there but rather hidden/unseen.
If anyone wants to transfer under $10 bucks of value in BTC either pay 25 cents or wait hours if you paying less.
You have failed to see the BIG advantage, you could transfer $500M in less than 30 minutes paying only $1-$5 without anyone saying: wait a second, where did you get that much money? have you paid your tax share on that amount? why do you have that much money without us knowing anything about it and without transferring it through our system no why is that? Cheesy
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March 29, 2017, 06:01:03 AM
 #24

I think it will be a long shot before your so called ETH will reach what bitcoin is now. It is not even in the second place.
This is just another trick to make people doubt bitcoin and trust other coins.
I would stop doing that if I where you. The lost of bitcoin might be the lost of all the coins that you are willing to do anything to support it. Even bashing bitcoin would never help you will just make it worst.

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March 29, 2017, 06:50:42 AM
 #25

Is it just me or does it seem like there's a shill team going around? New account spreading tons of FUD. Truth is, Bitcoin is working perfectly and 90% of my transactions get confirmed within 20 mins. It is working the same as it has been for the past 8 years.
But it is true that more and higher fees and Blockchain congestion, BTC does not change in. Smiley
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March 29, 2017, 07:05:23 AM
 #26

Other currencies surely dilute the market for Bitcoin. Some people use Monero over Bitcoin because it suits their needs better. In my case transactional privacy was very important so my money went into Monero. Some people want digital on chain contracts, so they invest in currencies allowing that.

The general thinking that Bitcoin is king and other currencies are leeches to its market is stupid. In the coming times there will be 5-10 currencies establishing dominance in market. Just like the USD isnt the only reserve currency
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March 29, 2017, 07:08:25 AM
 #27

In the future,BITCCOIN Will also continue in the position of the virtual currency system Ranked first?
Many people, including me, believe that bitcoin will be number 1 cryptocurrency.
Taking over the prime position is not simple matter of introducing a better tech and code.
Bitcoin is inextricable linked with economy - that is the important part.
No altcoin will ever have the perfect distribution of something that initially had absolutely no value.

The intelligence of the ETH contract, for example, the DASH of pos node development are far more than BTC
Is Dash your best example of well developed cryptocurrency? A coin which was 'accidentally' instamined and rebranded multiple times?


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March 29, 2017, 07:09:16 AM
 #28

we just needed to keep believing and no one knows what will happen in the future but this would be between believers and those opportunist
people who have strong believes and big nerved to continue holding against those who just wanted an easy profits, for me its not over as still
seeing the bouncing up and downs will attract new investors.
:)Yes, time will prove everything, but I'm worried at present, the development of the BTC, which determine the BTC is a spiritual leader or a monetary ability leader?
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March 29, 2017, 07:15:22 AM
 #29

The intelligence of the ETH contract, for example, the DASH of pos node development are far more than BTC

Its not that good, bitcoin have best developers in the world, most skilled ones and most reliable.
Ethereum for example got massive screw-outs, they develop fast with massive bugs that crippe entire network.
FAFKINGS (OP)
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March 29, 2017, 07:15:33 AM
 #30

Other currencies surely dilute the market for Bitcoin. Some people use Monero over Bitcoin because it suits their needs better. In my case transactional privacy was very important so my money went into Monero. Some people want digital on chain contracts, so they invest in currencies allowing that.

The general thinking that Bitcoin is king and other currencies are leeches to its market is stupid. In the coming times there will be 5-10 currencies establishing dominance in market. Just like the USD isnt the only reserve currency
I very much agree with your point of view,just as the dollar is not the only reserve currency, each currency has his role, and we tend to choose more appropriate own currency property transfer
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March 29, 2017, 07:26:18 AM
 #31

With the uncertainty over the possilibty of a hard fork, bitcoin has somehow lost some of its lead among the crypto currencies, although I see it as still miles away from the alt coins, owing to the fact that it pioneered the birth of crypto currency. This might not be the case in the future if no consensus is reached between BTC and BTU.
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March 29, 2017, 07:55:20 AM
 #32

With the uncertainty over the possilibty of a hard fork, bitcoin has somehow lost some of its lead among the crypto currencies, although I see it as still miles away from the alt coins, owing to the fact that it pioneered the birth of crypto currency. This might not be the case in the future if no consensus is reached between BTC and BTU.
BTC to I feel like a queen, she is the spiritual leader, but she doesn't have the ability to dominate the British
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March 29, 2017, 07:58:16 AM
 #33

So you think the time has come to an end for the old timer?
I do agree with innovation it is out with old technology and time to move on with an addition to the foundation which is the blockchain.
The true technology that will be around until the very end of the economic system as we very well know it to be today.
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March 29, 2017, 07:58:44 AM
 #34

i don't know about you but when i chose bitcoin i didn't choose it because of its fees, i admit the low fees is a good feature and it is still pretty low compared to any other method that we can use to transfer money.

i chose bitcoin because it is decentralized and nobody can control it, it is secure and it is being distributed fairly and without any sort of scam that altcoins have such as premine.

and from your comment i think you don't know what real potential is. you should take a look at the real world and the real usage of bitcoin instead of reading the altcoin pump scripts.

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March 29, 2017, 08:00:33 AM
 #35

In the future,BITCCOIN Will also continue in the position of the virtual currency system Ranked first?

Although most of the virtual currency acquired from BTC the original design, but the virtual currency would significantly more than BTC development.

The intelligence of the ETH contract, for example, the DASH of pos node development are far more than BTC

And BTC is now facing a simple Blockchain congestion problem

In the future, all kinds of virtual currencies rise, BTC will in no. 1?

Please friendly to your comments.

I said the wrong place please correct me

My English is not very good, I'm sorry Smiley

You make good points.  Bitcoin still has potential because it is the first mover, but it is quickly losing ground to competitors.  I feel a lot of people here are in deep denial about what is really happening, but I am still hopeful.


Yeah, as said it will continue to serve as the leader of the digital currency. Recently the hard competence gave a loop hole for some unexpected issues making it fall and people to turn towards altcoins. Now it slowly recovered and once again moving downward, but I too stay hopefully.
Yes, as a leader of digital currency should brings more better technology, a layer to ensure that BTC as the leader of the first position, rather than as it is now, being as a washed out toys, is casually abandon.
I think it seems to be away from the original intention of the original,Is to let a person feel pity 。


Though there are many problems in bitcoin but the community will not let go of bitcoin that fast. We have witnessed the  huge dump from whales and a large number of holders have shifted to eth and dash the last few weeks but we can still that bitcoin is still holding on. This is the power of the community's trust to bitcoin and with it bitcoin can still recover and can keep moving on. I just do hope the UASF will be launched soon so bitcoins will no longer be dictated by the conflicting miners.
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March 29, 2017, 08:00:58 AM
 #36

In the future,BITCCOIN Will also continue in the position of the virtual currency system Ranked first?

Although most of the virtual currency acquired from BTC the original design, but the virtual currency would significantly more than BTC development.

The intelligence of the ETH contract, for example, the DASH of pos node development are far more than BTC

And BTC is now facing a simple Blockchain congestion problem

In the future, all kinds of virtual currencies rise, BTC will in no. 1?

Please friendly to your comments.

I said the wrong place please correct me

My English is not very good, I'm sorry Smiley

This all started in the scaling debate then companies started showing up with solutions to problem then the power grab between that two companies which is Core and BU started.
They're are fighting on whose going to take control this digital currency. Is there even a bitcoin scaling problem to begin with?

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March 29, 2017, 08:01:38 AM
 #37

Bitcoin still has potential because it is the first mover, but it is quickly losing ground to competitors.  I feel a lot of people here are in deep denial about what is really happening, but I am still hopeful.
I see threads like this every day now. Partially it's FUD (with a hidden agenda?), why else would FAFKINGS create a new account just to post this? No way someone new to Bitcoin starts with this thought!
In the Speculation-section newbies spread FUD on a daily basis. This one got lost in "Discussion" where people aren't used to the FUD yet.

I'm still hopeful too, but Bitcoin can only grow if the number of transactions grows. This has been taking too long already, and there's still no hard increase scheduled.

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March 29, 2017, 08:08:13 AM
 #38

Not all is lost:

“RSK goal is to add value and functionality to the Bitcoin ecosystem by enabling smart-contracts, near instant payments and higher-scalability.”

https://bravenewcoin.com/news/ethereum-style-smart-contracts-are-coming-to-bitcoin-in-june/

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March 29, 2017, 08:14:33 AM
 #39

I think as long as there is no payment systme for online shops acceptinbg altcoins, there is no competition for bitcoin.
But as soon as a system like bitpay for altcoins is developed, or maybe bitpay itself even accepts altcoins, bitcoin will face trouble.
When the masses learn that they can use other currencies instead of bitcoin which are much faster, they will choose the payment option that works best for them.
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March 29, 2017, 08:19:15 AM
 #40

In the future,BITCCOIN Will also continue in the position of the virtual currency system Ranked first?
bitcoin is not a "virtual" currency it is a real currency. it doesn't get any more real than that.
and so far bitcoin has been and still is the onlycryptocurrency that exists. all the rest are trading toys called altcoin which are falsely using the word coin or currency in their description.

Although most of the virtual currency acquired from BTC the original design, but the virtual currency would significantly more than BTC development.
i don't understand this sentence Cheesy

The intelligence of the ETH contract, for example, the DASH of pos node development are far more than BTC
if you really think that, and if you are really ok with a centralized coin and a coin with a significant amount of premine, and a coin that has whales controlling the price and pump and dump it 50%-200% then go ahead and use them nobody is preventing you Wink

And BTC is now facing a simple Blockchain congestion problem
the only problem that bitcoin is facing is the spam attack and nothing else.

In the future, all kinds of virtual currencies rise, BTC will in no. 1?
duplicate of your first question!


Yes, BTC is indeed a pioneer, but 1 MB Blockchain, bring me a lot of trouble, but also accelerate the confirmation fee is higher and higher
it is not the 1MB block size that "brings you a lot of trouble" it is the spam attack and there is a big difference.

makes me have to choose other virtual currency for transfer of property Embarrassed
what other altcoin did you use to transfer! and who even accepts them in the world! nobody that's who Smiley


I don't think that Ethereum is going to destroy Bitcoin or anything but you're just completely in denial about how Bitcoin is doing and how it will continue to do.  Today, I sent a normal transaction of a fairly small amount of Bitcoin and to get it confirmed within an hour I had to pay a fee of more than 2mBTC.  It's really bad, and no matter how much people meaninglessly scream "shitcoin" it's not going to stop Ethereum having more than a quarter of Bitcoin's market cap, which it does.

It's not just an attack on the network either.  Bitcoin's transaction volume has been steadily going up with its price for a long time and its usage has just objectively reached its limit.  

I expected to look at Ethereum's transaction volume and conclude that the price rise is just a pump, but its transaction volume is about the same fraction of Bitcoin's as its market cap, which is very surprising to me.  It really is getting somewhere and we need to stop shouting at people who admit that (or trying to shut them up).

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