BItcoin needs to die

[krishnapramod]

What use is Bitcoin if in 9 years you cant even buy groceries with this shit

You cant build a business on bitcoin because of the volatility and even if you try to runa business on bitcoin you have to wait forever for a transaction to be sent

whats the point of bitcoin, if you cant do anything with this shit?

That is not true. It started with pizza and now you can buy elctronic gadgets, steam/video games, book tickets, restuarants, aviation/travel and then there are many more things you can buy using bitcoins, but most importantly you can use websites like eGifter or Gyft  to buy gift cards which you can redeem at Amazon, BestBuy, and hundreds of other popular retailers (gorcery shopping included). Yeah, if you want to buy groceries from your neighborhood store then it might not be possible at this time, but it would be once local merchants start realizing the full potential of bitcoin. The so called shit has evolved a lot in the last 9 years.

One of the characteristics of bitcoin is its volatility which is one of its biggest problems also, this uncenrtainly over price is why some people avoid it.

Bitcoin volatility will match major fiat currencies by 2019. This is from October 28, 2016. Comparing with today, there will be difference in stats, but not much.

http://woobull.com/bitcoin-volatility-will-match-major-fiat-currencies-by-2019/

For a currency with a tiny market cap of $10b, compared to say the Euro’s M1 money supply of $7.5t, bitcoin’s price stability is ridiculously good.

What we are seeing is bitcoin’s peak volatility is reducing steadily and will enter the realms of fiat currency (below 5.5%) by around July 2019.

The economic properties needed for bitcoin to go mainstream are developing quickly. If we take fiat-level FOREX volatility as a level in which the public find acceptable (this is not necessarily true), we are less than 2 years out for the start of prime time “bitcoin as payments” heaven.

Bitcoin Volatility Index

https://www.buybitcoinworldwide.com/volatility-index/

Last 60-day estimate - 5.32%
Last 30-day estimate - 4.11%

The volatility of gold averages around 1.2%, while other major currencies average between 0.5% and 1.0%

So it is safe to say that bitcoin would become less volatile in the coming years.

Right now the fee is an issue for small transactions. The scaling/fee issue would probably get resolved in the next couple of months.

Hope it would not take another 9 years for you understand the point of bitcoin.

[AGD]

Why are you here then?

If you dont trust the system then whats the point on being in this discussion forum.

He is here to earn Bitcoins with his signature, which makes his posting even more crappy.

[deisik]

What use is Bitcoin if in 9 years you cant even buy groceries with this shit

You cant build a business on bitcoin because of the volatility and even if you try to runa business on bitcoin you have to wait forever for a transaction to be sent

whats the point of bitcoin, if you cant do anything with this shit?

So earning profits is no longer counted?

Indeed, you can't build a business on such a speculative asset as Bitcoin unless your business is somehow related to trading (e.g. you can start an exchange or a web wallet), but how many businesses did you start yourself in the first place to make these claims valid? I didn't read the whole thread (apart from first few comments) but I guess this post is the only post that the OP contributed to this topic, and it is unlikely that we will see him again here (read it is just some shill posting)

[howtobuy]

Bitcoin can't die. It's first one and here to stay. I'm sure more and more businesses will emerge in this universe since there are millions of people who have the coins.

[jossiel]

What use is Bitcoin if in 9 years you cant even buy groceries with this shit

Well actually you can buy groceries with bitcoin only if you are living near at San Francisco.

https://www.forbes.com/sites/rakeshsharma/2014/02/11/use-your-smartphone-to-buy-groceries-in-bitcoins/#63a911b53ae2

You cant build a business on bitcoin because of the volatility and even if you try to runa business on bitcoin you have to wait forever for a transaction to be sent

You are the only that is saying that, are you aware that Japan is now using bitcoin to some of the businesses there?

whats the point of bitcoin, if you cant do anything with this shit?

Did you sold it at dip?

[Adbitco]

9 years is not a big time compared to the time you have spent buying things with the fiat currencies. Bitcoin is still in infancy and is in developing stage. Bitcoin has the potential to change the entire economic system which fiat currencies don't have. Even after so many years why do so many economies based on fiat currencies fail just because they aren't fool proof themselves. Bitcoin is yet to come and attain it's best form and it's my firm belief that bitcoin is going to change the world in a positive way.

[saenko]

9 years is not a big time compared to the time you have spent buying things with the fiat currencies. Bitcoin is still in infancy and is in developing stage. Bitcoin has the potential to change the entire economic system which fiat currencies don't have. Even after so many years why do so many economies based on fiat currencies fail just because they aren't fool proof themselves. Bitcoin is yet to come and attain it's best form and it's my firm belief that bitcoin is going to change the world in a positive way.

Bitcoin is still very young to die. I also believe that he is at the beginning of a long journey. Soon it will be adopted by many countries of the world. Bitcoin on the contrary will grow stronger every year

[Denker]

What use is Bitcoin if in 9 years you cant even buy groceries with this shit

You cant build a business on bitcoin because of the volatility and even if you try to runa business on bitcoin you have to wait forever for a transaction to be sent

whats the point of bitcoin, if you cant do anything with this shit?

If you think that buying groceries is the ultimate use case for Bitcoin then I higly recommend you to leave this space!
And in terms of it's volatility I prefer to live with it as it's going upwards since 2009! This means Bitcoin's value is getting bigger and bigger. I love that!!
You can not build business on Bitcoin? Funny that there already over 700 businesses built on Bitcoin!So what are you talking about?!
Stick with your fiat or altcoins if you like! May be better for you!!Less problematic of course!

[BingoDog]

I'm so tired of these "bitcoin death" threads. If you don't like it, don't use it. If you have bad experiences with bitcoin that doesn't mean that everyone does. Like everything else bitcoin has some bad sides that could be improved but still.is has gone a long way and achieved a lot, it represents revolution in finances. And it's not going to die just because someone would like that.

[Juggy777]

What use is Bitcoin if in 9 years you cant even buy groceries with this shit

You cant build a business on bitcoin because of the volatility and even if you try to runa business on bitcoin you have to wait forever for a transaction to be sent

whats the point of bitcoin, if you cant do anything with this shit?

What is the point of this stupid post, what is the point of your coming to this forum. What is the point of you talking nonsense stuff. For your information it is common knowledge that bitcoin has price volatility issue. There are online shops that accept bitcoin for your daily needs and you can purchase almost anything from them. Bitcoin is far better than most of the currencies and it is helping lot of people, why do I feel you bought Bitcoin at a high price and it's come down and that's why this frustration in you. I would suggest you to remain calm and wait it shall rise again.

[bitcoinbabu]

What use is Bitcoin if in 9 years you cant even buy groceries with this shit

You cant build a business on bitcoin because of the volatility and even if you try to runa business on bitcoin you have to wait forever for a transaction to be sent

whats the point of bitcoin, if you cant do anything with this shit?

stupid who asked u to buy with bitcoin, y dont u exchange and buy it?

[eaLiTy]

If you look at the history of currency it took over thousands of years to become mainstream and you look at bitcoin and mocking that it is not mainstream even after just nine years. If you look at the volume and the valuation the growth it had is incredible ,if you are not interested in the idea of bitcoin so be it,it has many miles to go.

[amacar2]

What use is Bitcoin if in 9 years you cant even buy groceries with this shit

You cant build a business on bitcoin because of the volatility and even if you try to runa business on bitcoin you have to wait forever for a transaction to be sent

whats the point of bitcoin, if you cant do anything with this shit?

You can buy more than just groceries with bitcoin http://www.coindesk.com/information/what-can-you-buy-with-bitcoins/

If merchants are not ok with price volatility, they can use third party merchant solutions like bitpay to instantly convert all bitcoin payments to fiat.

Don't call it shit, search for things you can do with bitcoin before making any conclusion like this.

[bartolo]

What use is Bitcoin if in 9 years you cant even buy groceries with this shit

You cant build a business on bitcoin because of the volatility and even if you try to runa business on bitcoin you have to wait forever for a transaction to be sent

whats the point of bitcoin, if you cant do anything with this shit?

You can buy more than just groceries with bitcoin http://www.coindesk.com/information/what-can-you-buy-with-bitcoins/

If merchants are not ok with price volatility, they can use third party merchant solutions like bitpay to instantly convert all bitcoin payments to fiat.

I think all real world merchants use solutions like Bitpay or Gocoin. They don´t have to worry about volatility, transactions delays or fees, they give their uses the choice to pay with bitcoin and they receive their fiat money. The problem is for the third party companies, they are who take the risks. Possibly because of these risks their fees may be high and that´s why there are not more merchants accepting bitcoin payments.

[audaciousbeing]

What use is Bitcoin if in 9 years you cant even buy groceries with this shit

You cant build a business on bitcoin because of the volatility and even if you try to runa business on bitcoin you have to wait forever for a transaction to be sent

whats the point of bitcoin, if you cant do anything with this shit?

I understand the frustration you are exerting now based on the fact that its 9 years already but you need to understand that even the banking sector that has been in existence for ages is still in a penetration stage in which majority of the population in some countries are still being coerced or induced to be in the bank net. Bitcoin is still 9 years and dont also forget that bitcoin relies on necessary infrastructures to flourish which is not something that can be achieved in that few years.

[addrstore.com]

If you do not see the potential of bitcoin, then do not use it .... 

[Fredomago]

If you do not see the potential of bitcoin, then do not use it .... 

no one cares about your concern OP if you don't believe then there's no space for you here, you can go ahead and forget about this system and forget about this forum as well, if you don't have time to read updates and you are just here to earn so better to quit and never to return.

[RoommateAgreement]

What use is Bitcoin if in 9 years you cant even buy groceries with this shit

You cant build a business on bitcoin because of the volatility and even if you try to runa business on bitcoin you have to wait forever for a transaction to be sent

whats the point of bitcoin, if you cant do anything with this shit?

last time i checked i didn't have a gun and even if i had one i never pointed it at your head forcing you to use bitcoin! if you find no use for it then you being here (which is a bitcoin centered forum) raises a very big question!

in other words you signed up more than 8 months ago on this forum and already ran a sacm Pinzi scheme according to your trust rate, so bitcoin had a lot of usage for you despite you saying otherwise...

[erickkyut]

What use is Bitcoin if in 9 years you cant even buy groceries with this shit

You cant build a business on bitcoin because of the volatility and even if you try to runa business on bitcoin you have to wait forever for a transaction to be sent

whats the point of bitcoin, if you cant do anything with this shit?

Maybe it is you who needs to die and not Bitcoin? If you dont like it because you cant buy groceries because of it then get lost! do not invest in Bitcoin. we don't need you here. every investments has their own risks and bitcoin's volatility is one of them. stop complaining and focus in investing and few years from now, you will thank bitcoin because of it.

[k@suy]

What use is Bitcoin if in 9 years you cant even buy groceries with this shit

You cant build a business on bitcoin because of the volatility and even if you try to runa business on bitcoin you have to wait forever for a transaction to be sent

whats the point of bitcoin, if you cant do anything with this shit?

Maybe it is you who needs to die and not Bitcoin? If you dont like it because you cant buy groceries because of it then get lost! do not invest in Bitcoin. we don't need you here. every investments has their own risks and bitcoin's volatility is one of them. stop complaining and focus in investing and few years from now, you will thank bitcoin because of it.

Still I am very positive about bitcoin, and bitcoin will not be abolished overnight. It will take time to eliminate bitcoin. It is the pioneer in cryptocurrency and it has build its community supporters already. Let the market decide about it.