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Author Topic: My challenge to bitcoin  (Read 1066 times)
luckyluigi
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July 09, 2018, 03:21:02 PM
 #81

I created a 6 minute youtube video to explain why I don't like bitcoin, but let me sum it up.  I see the us dollar as a debt backed currency.  Banks create money through loans, which are in turn backed by houses, cars, and people's incomes.  Everybody seems to think the us dollar is a faith based, or something, but I don't see it that way.  I see it as a fully backed currency, not too much different from being a gold backed currency.  Where am I wrong?

https://www.youtube.com/watch?v=jujwQkhnoU8

Hopefully your video would not be the thing which contributes to the global bitcoin dump, because I am strictly persuaded that the more we have those videos or those rumours, the lower the price came.
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July 09, 2018, 04:06:21 PM
 #82

The idea that a currency should be backed by something comes from the old times. I am not saying it is good or bad but read carefully here. Currencies.

I disapprove that crypto (in most cases) should actually be used as a currency. My opinion and standpoint are that we consider them as stocks of a certain project.
So; You think the developers of Bitcoin will make the crypto better? Yes, invest. No, don't invest.

Because if it the simplicity of blockchain technology the TRANSFER of these 'stocks' (cryptocurrencies) is very easy, therefore we can TRANSFER/TRADE these assets with each other.

Think back many years. People traded shells for cows (an example) because someone wanted shells to make certain products and the other person wanted a cow. A cow has never been backed by gold and neither are shells.
The latter way of making transactions makes more sense to me than using a currency that is also highly dependent on the performance of your country/union.
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July 10, 2018, 10:03:55 AM
 #83

I created a 6 minute youtube video to explain why I don't like bitcoin, but let me sum it up.  I see the us dollar as a debt backed currency.  Banks create money through loans, which are in turn backed by houses, cars, and people's incomes.  Everybody seems to think the us dollar is a faith based, or something, but I don't see it that way.  I see it as a fully backed currency, not too much different from being a gold backed currency.  Where am I wrong?

https://www.youtube.com/watch?v=jujwQkhnoU8

I think you are totally confused man. First of all,  you said that you don’t like bitcoin and next you’re saying that you don’t like fiat too and that is because it backed by debt.

What are you even saying? Okay, assuming I ask you what is bitcoin backed with, what would you say? Bitcoin is backed by fiat which we the people invest in it… yes, that’s true, although some people will disagree. And as for fiat, fiat is not backed by debt. Correct yourself, cause you’re totally confused.

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July 10, 2018, 10:09:12 AM
 #84

we see how turbulent the bitcoin price is. We see how the value runs at its highest peak. We can not imagine what will happen at the end of the year. We know how bitcoin grades are low, and we think like dollars. because the price is very high and can sell it at the right time.
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July 10, 2018, 10:52:37 PM
 #85

we see how turbulent the bitcoin price is. We see how the value runs at its highest peak. We can not imagine what will happen at the end of the year. We know how bitcoin grades are low, and we think like dollars. because the price is very high and can sell it at the right time.
No mater how volatile the prices are, you can still deal and earn big hand in the coin. The technology does not operate on one side and so many aspects run in your favor if there is one running against your plans. As a result, the current recovering values will rise enough to a height and might experience jumps when we will be heading towards December. Even before the last year boom, we had this “December concept”. So it is okay to wait till the end of the year. Something the experts say.
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July 11, 2018, 04:24:27 AM
 #86

I created a 6 minute youtube video to explain why I don't like bitcoin, but let me sum it up.  I see the us dollar as a debt backed currency.  Banks create money through loans, which are in turn backed by houses, cars, and people's incomes.  Everybody seems to think the us dollar is a faith based, or something, but I don't see it that way.  I see it as a fully backed currency, not too much different from being a gold backed currency.  Where am I wrong?

https://www.youtube.com/watch?v=jujwQkhnoU8

You are completely wrong, a gold backed currency is backed by gold held by the state, the gold belongs to them and to no one else, the houses, cars and business are not backing the currency because the governments does not own them, the dollar is a fiat currency which means that is not backed by anything except the faith the US will pay its debts.
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August 05, 2018, 04:26:38 AM
 #87

it seems that your research doesn't understand bitcoin
try to take the positive side of bitcoin and what bitcoin can do in the future
maybe it makes you rethink not to like bitcoin
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August 15, 2018, 01:30:00 PM
 #88

I think you see it wrong. Bitcoin is not backed by anything or anyone, it's just that it has a lot of components that some may interpret it wrong. US dollar is like the blood of bitcoin, but it doesn't just circulates there.
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August 15, 2018, 02:34:15 PM
 #89

We have to be careful posting. You need knowledge in bitcoin.
Yes we need knowledge before we start to join here cause we need to understand all the details about in bitcoin, the do's and don't in regulation of bitcoin posting.  Joining in posting you need knowledge cause there will see if you understand the topic or not.
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August 15, 2018, 02:45:02 PM
 #90

Anyway, that's your take about bitcoin and everyone has right to his or her opinion.
US dollars is priviledged to be the embraced currency of bitcoin transaction not because any other currency cannot be used but we see u
US has world center and been in charge of the workd bank.Bitcoin to me can be linked up in china currency in the stead.

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August 15, 2018, 03:18:35 PM
 #91

Everything is normal, you are not mistaken in anything, with the dollar will be fine, as well as with bitcoin.
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August 15, 2018, 03:36:05 PM
 #92

I don't see bitcoin as the problem to economic growth and to fiat destruction. Bitcoin have risk and also benefits. For now dollar is the standard basis of measurement on bitcoin value that we can identify its price on the market.
Yes there's is risk in investing in bitcoin but you gain high profit in your investment this is your benefits and I don't see anything problems in our economic growth cause bitcoin dollar is standard basis measurements on bitcoin value so that it's so easy to identify the value in the market if it's down or up we see how it works in the market.
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August 16, 2018, 08:57:07 PM
 #93

We have to be careful posting. You need knowledge in bitcoin.
Yes we need knowledge before we start to join here cause we need to understand all the details about in bitcoin, the do's and don't in regulation of bitcoin posting.  Joining in posting you need knowledge cause there will see if you understand the topic or not.
Knowledge id the first and the most important think you need to invest, if you are well are of the all feature of coin you are investing then it will be easy for you to deal it accordingly, after knowledge you need to have money and be careful while investing as a lot of scammers are here to grab you and get your money so if you will chose the right site and use wallet you will not have to face any kind of challenge.

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August 16, 2018, 10:42:15 PM
 #94

I just hope that the people who had watched your video may understand your insights but I guess somehow they too may disagree to some point since there are more advantages about btc than what you feel about btc. My challenge about btc is how to be able maintain and focus my investment in btc considering the fluctuations we had experieced in the current situation.

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October 02, 2018, 08:58:09 AM
 #95

Today there are quite a few bitcoins on the market. This leads to the fact that any transaction for a large amount can significantly affect the course of the crypto currency. Often this entails significant losses. On the other hand, this is an excellent opportunity to make money on these fluctuations.
Yeah, for me my challenge to bitcoin is to be stable for a span of time. Bitcoin really helps people to be self-motivated. I choose this chalenge to see what will happen in this industry.

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October 02, 2018, 09:19:30 AM
 #96

I created a 6 minute youtube video to explain why I don't like bitcoin, but let me sum it up.  I see the us dollar as a debt backed currency.  Banks create money through loans, which are in turn backed by houses, cars, and people's incomes.  Everybody seems to think the us dollar is a faith based, or something, but I don't see it that way.  I see it as a fully backed currency, not too much different from being a gold backed currency.  Where am I wrong?

https://www.youtube.com/watch?v=jujwQkhnoU8

Cryptocurrency is different with dollar currency. We could not just compare this two currencies. We all know about that when you say that those profit being made by the banks are real while in bitcoin is not. However, you are here in this forum which means that you have interest in bitcoin. I challenge you to walk out to this forum if you really do not like bitcoin. This forum is for bitcoiner's.

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October 03, 2018, 10:50:43 AM
 #97

I am personally a fun and trader in bitcoin because of the benefits i have accumulated in the currency so far. It is seen very awesome to invest in bitcoin and see to enjoying later in the future.

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October 03, 2018, 12:23:09 PM
 #98

I created a 6 minute youtube video to explain why I don't like bitcoin, but let me sum it up.  I see the us dollar as a debt backed currency.  Banks create money through loans, which are in turn backed by houses, cars, and people's incomes.  Everybody seems to think the us dollar is a faith based, or something, but I don't see it that way.  I see it as a fully backed currency, not too much different from being a gold backed currency.  Where am I wrong?

https://www.youtube.com/watch?v=jujwQkhnoU8


If you will ask me if you are wrong about your opinion. I would say that your opinion is right, no opinions in bitcointalk are wrong because it is our own point of view and we can say what we want, we can analyze a different aspects about it. But I am confused if you did not like bitcoin why are you here? Or you want to know some different opinions of bitcoinist on this matter.

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October 03, 2018, 01:00:28 PM
 #99

I created a 6 minute youtube video to explain why I don't like bitcoin, but let me sum it up.  I see the us dollar as a debt backed currency.  Banks create money through loans, which are in turn backed by houses, cars, and people's incomes.  Everybody seems to think the us dollar is a faith based, or something, but I don't see it that way.  I see it as a fully backed currency, not too much different from being a gold backed currency.  Where am I wrong?

https://www.youtube.com/watch?v=jujwQkhnoU8

Bitcoin is an electronic currency and we can still use it to pay in some places and food service. I'm guessing that your country has no more paid services by bitcoin and that is the first disadvantage. But please be patient and invest in Bitcoin, in the future Cryptocurrency will certainly spread around the world for its convenience.

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October 12, 2018, 08:14:52 PM
 #100

I am personally a fun and trader in bitcoin because of the benefits i have accumulated in the currency so far. It is seen very awesome to invest in bitcoin and see to enjoying later in the future.
Yes and trust me you are so lucky having bitcoin, it is the only currency which is making good progress not only in a county but in the whole world, people are collecting even in this falling price because they knows the only way to secure your future bad days from destroying you, if you will make good investment and hold for long time, you will be happy, it is the most awesome and amazing investment ever, so invest more and make profit.



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