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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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goatur
Newbie
 Offline
Activity: 7
Merit: 0
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November 03, 2017, 05:39:25 AM |
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The difference is enormous.
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iamTom123
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November 03, 2017, 02:07:23 PM |
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It is the inflation that is killing the value of our money and this is heightened because of the government propensity to just print more paper money (they called it as quantitative easing to hide its real meaning). This is the reason why if you are just leaving your money somewhere else or even at the bank then you are just losing money. Of course, the thing is that there would always be risks involved when we invest our money as nobody can guarantee that things can go well but this is better than just waiting for nothing. Compared to gold, stocks and other investment vehicles, it is now cryptocurrency (especially Bitcoin) that is returning the most profits no wonder CME decided to introduce Bitcoin futures to the market later this year and maybe SEC may finally say yes to ETFs next year. Traditional way of investing can still be good but definitely cryptocurrency is a way, way better. |
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matuson
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November 03, 2017, 04:14:19 PM |
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It is the inflation that is killing the value of our money and this is heightened because of the government propensity to just print more paper money (they called it as quantitative easing to hide its real meaning). This is the reason why if you are just leaving your money somewhere else or even at the bank then you are just losing money. Of course, the thing is that there would always be risks involved when we invest our money as nobody can guarantee that things can go well but this is better than just waiting for nothing. Compared to gold, stocks and other investment vehicles, it is now cryptocurrency (especially Bitcoin) that is returning the most profits no wonder CME decided to introduce Bitcoin futures to the market later this year and maybe SEC may finally say yes to ETFs next year. Traditional way of investing can still be good but definitely cryptocurrency is a way, way better. You are right to say that inflation destroys our savings in Fiat. But where's the confidence that bitcoin was not invented by the bankers of the Federal reserve system of the United States? Perhaps the goal of bitcoin is to collect all the dollars that have purchasing power and then the bubble bursts. Perhaps the Americans want to get rid of 19 trillion of its debt? |
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CryptoBry
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November 07, 2017, 03:54:15 AM |
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It is the inflation that is killing the value of our money and this is heightened because of the government propensity to just print more paper money (they called it as quantitative easing to hide its real meaning). This is the reason why if you are just leaving your money somewhere else or even at the bank then you are just losing money. Of course, the thing is that there would always be risks involved when we invest our money as nobody can guarantee that things can go well but this is better than just waiting for nothing. Compared to gold, stocks and other investment vehicles, it is now cryptocurrency (especially Bitcoin) that is returning the most profits no wonder CME decided to introduce Bitcoin futures to the market later this year and maybe SEC may finally say yes to ETFs next year. Traditional way of investing can still be good but definitely cryptocurrency is a way, way better. You are right to say that inflation destroys our savings in Fiat. But where's the confidence that bitcoin was not invented by the bankers of the Federal reserve system of the United States? Perhaps the goal of bitcoin is to collect all the dollars that have purchasing power and then the bubble bursts. Perhaps the Americans want to get rid of 19 trillion of its debt? I think you are watching too much conspiracy theories movies on your television...am just kidding. Well, actually nothing is impossible in this world. In fact, some are saying that 9/11 was actually created by the USA government to bring about new world order meaning that the government killed its own people in that case. We can go so wild with so many speculations but the thing is that if we go that far then we will not have anything to believe on and sadly nobody can also determine if what we are believing can be the truth or just products of our very creative imagination. What if...? |
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Nameless27
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November 07, 2017, 04:54:56 AM
Last edit: November 07, 2017, 05:11:58 AM by Nameless27 |
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what if..? Humans and ideas were form by imagination. Everyone one has unique and individually acquired kind of behaviour to separate both. But what if? The one persons imagination is the other persons reality. Theoretically there is no concrete determination of what right and what’s wrong of any opinion regarding someone’s recognition to a situation. 9/11 for me is nothing but a stunt by the American government. Inflation is the reason bitcoin is created, it is and it was been in decades that this is manipulated by the same monopolist who are leading our financial and banking system. |
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Lieldoryn
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November 07, 2017, 09:30:30 AM |
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It is the inflation that is killing the value of our money and this is heightened because of the government propensity to just print more paper money (they called it as quantitative easing to hide its real meaning). This is the reason why if you are just leaving your money somewhere else or even at the bank then you are just losing money. Of course, the thing is that there would always be risks involved when we invest our money as nobody can guarantee that things can go well but this is better than just waiting for nothing. Compared to gold, stocks and other investment vehicles, it is now cryptocurrency (especially Bitcoin) that is returning the most profits no wonder CME decided to introduce Bitcoin futures to the market later this year and maybe SEC may finally say yes to ETFs next year. Traditional way of investing can still be good but definitely cryptocurrency is a way, way better. You are right to say that inflation destroys our savings in Fiat. But where's the confidence that bitcoin was not invented by the bankers of the Federal reserve system of the United States? Perhaps the goal of bitcoin is to collect all the dollars that have purchasing power and then the bubble bursts. Perhaps the Americans want to get rid of 19 trillion of its debt? I think you are watching too much conspiracy theories movies on your television...am just kidding. Well, actually nothing is impossible in this world. In fact, some are saying that 9/11 was actually created by the USA government to bring about new world order meaning that the government killed its own people in that case. We can go so wild with so many speculations but the thing is that if we go that far then we will not have anything to believe on and sadly nobody can also determine if what we are believing can be the truth or just products of our very creative imagination. What if...? Around bitcoin is really a lot of rumors. It is contrary to all laws of Economics. For me this is a serious indicator. If the project is not subject to the existing laws of Economics means it has additional functions for existence. Who supports it? I'm not a supporter of conspiracy theories but it seems to me that the version with the American then has a right to exist. |
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xFiber
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November 07, 2017, 08:30:55 PM |
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It is the inflation that is killing the value of our money and this is heightened because of the government propensity to just print more paper money (they called it as quantitative easing to hide its real meaning). This is the reason why if you are just leaving your money somewhere else or even at the bank then you are just losing money. Of course, the thing is that there would always be risks involved when we invest our money as nobody can guarantee that things can go well but this is better than just waiting for nothing. Compared to gold, stocks and other investment vehicles, it is now cryptocurrency (especially Bitcoin) that is returning the most profits no wonder CME decided to introduce Bitcoin futures to the market later this year and maybe SEC may finally say yes to ETFs next year. Traditional way of investing can still be good but definitely cryptocurrency is a way, way better. Bitcoin is definitely a better solution to this long lasting economic problem. Inflation is killing the value of what we consider money left right and center. We can never have economic stability with the current system. The worst part is that hard working people who save their money actually end up losing money just from holding it. That's why crypto currencies (especially bitcoin) are so attractive (profits are secondary) no centralized corporation just math. |
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entrepmind23
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November 08, 2017, 02:12:06 AM |
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This is the reason why you should put your money into an investment vehicle that beats inflation because if you store it in an establishment or you just store it in your house/vault not generating interest then it will slowly lose its value. It is because of the financial crisis in 2008 that gave birth to bitcoin because Satoshi Nakamoto wanted to have a deflationary economy and it may took years for bitcoin to have value but we can see that it is constantly beating inflation that's why many are enticed to invest on bitcoin because of the significant rate of return that is incomparable to other traditional investment vehicle like stocks and mutual funds. Current annual average inflation rate is around 3% now and to be able for us to still have profit in our investment then we should invest into something that has an interest more than that and it is clear that we cannot get it in banks that only gives an interest of only 1% more or less. Still many people are still saving their money in banks for long term because many of them are unaware that even though it is gaining interest, it is actually slowly losing its value because of inflation. |
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Theb
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November 08, 2017, 01:27:16 PM |
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The article you have posted about the growth of your money is an example of a "Perfect Scenario" where everything is assumed that you will earn after years of holding assets such as stocks in Dow Jones and also Gold, why I said its a "Perfect Scenario" because it is totally different from what is happening right now it is not that easy to invest or trade sometimes you need to deal with your emotion in order to stick to your plan but mostly people lose their money because of their emotions with sudden decrease of price they would sell instantly. The article also showed that 7000$ worth of products in 2000 now will need 10,000$ because of inflation which we will also need to overcome if we want to really earn something from out investment.
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btc-facebook
Legendary
Offline
Activity: 1862
Merit: 1015
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November 08, 2017, 03:51:35 PM |
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You can't compare bitcoin with fiat because bitcoin is decentralized currency so bitcoin value purely depend on supply and demand.
Let's compare with fiat , they are competing usually against dollar as it's cause by global issue for example: disaster ,election , riot , etc
So bitcoin may the best option for investation so keep purchase every month !
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Hamphser
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November 08, 2017, 06:45:41 PM |
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You can't compare bitcoin with fiat because bitcoin is decentralized currency so bitcoin value purely depend on supply and demand.
Let's compare with fiat , they are competing usually against dollar as it's cause by global issue for example: disaster ,election , riot , etc
So bitcoin may the best option for investation so keep purchase every month !
I dont know why people do still trying to compare bitcoin into local fiat and other assets that do exist already for how many years.If we do talk about the difference then we can really tell such thing.Same as you mentioned bitcoin is a decentralized stuff which means it cant really be controlled by anyone even on government itself which this is one of the reason why bitcoin isnt really being adopted globally because most government would really see its negative side than on possitive.. Talking on assets then it do somehow some similarity. |
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rasl.curt
Newbie
Offline
Activity: 35
Merit: 0
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December 15, 2017, 01:08:43 PM |
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The answer has to do with principles of supply and demand. I was also curious about this, and what was really helpful for me was getting answers about the same question applied to a stock. If more people want to buy the stock than people willing to sell, then the price of the stock goes up. If more people want to sell, then the price goes down. This is what is explained as market force.
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