Springfield Scooter (OP)
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December 12, 2017, 09:11:26 AM |
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Its far from a bubble until McDonalds, Walmart, and Gas Stations begin to accept bitcoin......
Untill then, we have a long ways to go!
Buy and hold is my advice.
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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Javathon
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December 12, 2017, 09:38:02 AM |
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The increasing purpose and usage of bitcoin makes the price more stable and compact. It cannot simply fall down from a huge amount of dump from traders. The support from the people is what making bitcoin usable as a currency more than an asset. I believe it gets stronger by next year and not become more unstable.
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alex17n
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December 12, 2017, 09:45:41 AM |
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people who call Bitcoin Bubble dont know anything about it
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Hell-raiser
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December 12, 2017, 09:48:32 AM |
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Its far from a bubble until McDonalds, Walmart, and Gas Stations begin to accept bitcoin......
Untill then, we have a long ways to go!
Buy and hold is my advice.
Steam has abandoned Bitcoin, so why should McDonalds, Walmart, or whatever start to accept it all of a sudden? Methinks, the primary reason why Steam ditched Bitcoin is lack of demand. I mean there weren't enough people willing to pay with bitcoins for the games Steam is selling. They say they dropped Bitcoin because of Bitcoin's insatiable volatility, but personally, I doubt that. If people were actually using Bitcoin in their everyday life, Steam included, volatility wouldn't be an issue any way you look at it. |
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JHtoko
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December 12, 2017, 10:28:53 AM |
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Its far from a bubble until McDonalds, Walmart, and Gas Stations begin to accept bitcoin......
Untill then, we have a long ways to go!
Buy and hold is my advice.
Steam has abandoned Bitcoin, so why should McDonalds, Walmart, or whatever start to accept it all of a sudden? Methinks, the primary reason why Steam ditched Bitcoin is lack of demand. I mean there weren't enough people willing to pay with bitcoins for the games Steam is selling. They say they dropped Bitcoin because of Bitcoin's insatiable volatility, but personally, I doubt that. If people were actually using Bitcoin in their everyday life, Steam included, volatility wouldn't be an issue any way you look at it. True that. But I would say that the transaction speed is the bottleneck for them. I mean if you gonna order a Burger and you have to wait 6 hours before your transaction is confirmed. I would say that your burger is burned at that time. No one wants to waits that long for a transaction. There has to be an alternative better and faster coin. |
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Vastraint
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December 12, 2017, 11:49:26 AM |
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Its far from a bubble until McDonalds, Walmart, and Gas Stations begin to accept bitcoin......
Untill then, we have a long ways to go!
Buy and hold is my advice.
Steam has abandoned Bitcoin, so why should McDonalds, Walmart, or whatever start to accept it all of a sudden? Methinks, the primary reason why Steam ditched Bitcoin is lack of demand. I mean there weren't enough people willing to pay with bitcoins for the games Steam is selling. They say they dropped Bitcoin because of Bitcoin's insatiable volatility, but personally, I doubt that. If people were actually using Bitcoin in their everyday life, Steam included, volatility wouldn't be an issue any way you look at it. True that. But I would say that the transaction speed is the bottleneck for them. I mean if you gonna order a Burger and you have to wait 6 hours before your transaction is confirmed. I would say that your burger is burned at that time. No one wants to waits that long for a transaction. There has to be an alternative better and faster coin. Not actually burned but just a cold burger. But for me, transaction won't be a problem at all since they can make an alternative way to fulfill that problem. I think they actually accept bitcoin as an alternative payment for person who uses bitcoin only and I don't doubt it as impossible. Though bitcoin is out of demand, and if McDonalds, Walmart, etc accepts bitcoin, there comes demands goes rapidly. So if such stores won't accept bitcoin, how will demand grow? So for me, they should start it by now. And if they are the one's who first accepts bitcoin, I think they are also the one's who will benefit the most on bitcoin. That's what I think they think! |
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bitvalak
Sr. Member
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Activity: 854
Merit: 267
Leading Crypto Sports Betting & Casino Platform
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December 12, 2017, 01:08:44 PM |
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Its far from a bubble until McDonalds, Walmart, and Gas Stations begin to accept bitcoin......
Untill then, we have a long ways to go!
Buy and hold is my advice.
bitcoin bubble is a trick of the media and the elite. Because they are afraid of the bitcoin strength that in the future will acquire fiat currency. Because fooling the community is the task of the media. So for those of you who have bitcoin, please hold it and keep it in your own wallet, we wait in 2020 for further bitcoin development. |
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lizardbtc
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December 12, 2017, 01:20:46 PM |
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If you call bitcoin and other crypto currency stage a bubble, then it has been bubbling up many years now... srsly... The only downside is that crypto currency maina that surrounds this today is that people don't see it as an alternative currencies they see it as a money making machine. Many people still enter the scene just to be able to "cash out" at end but they fail to understand that bitcoin and altcoins are actually money and that there is no need to trade them for fiat currency back again - this in my opinion is why you have swings with high proportions. People rather see it as an asset than as an currency. It might be a bubble who knows, only time will tell. Tbh I thought many times that bitcoin is entering the bubble stage that I don't really know what to think, easier is just to hold. Because we all could be fooling ourselfs that it isn't bubble, because it wasn't been the case the last time - but on the other hand we all could actually be wrong about the bubble thing as well, maybe just people are starting to take a notice of bitcoin and other crypto currency. bitcoin bubble is a trick of the media and the elite. Because they are afraid of the bitcoin strength that in the future will acquire fiat currency. Because fooling the community is the task of the media. So for those of you who have bitcoin, please hold it and keep it in your own wallet, we wait in 2020 for further bitcoin development.
This could easily be the case as well, because those people are comfortable, banks haven't had any competition till now so the best way is to try to scare people to not even think about bitcoin, remember "it is used to buy drugs on the internet" you don't want to be flagged as some shady person don't you  I'll leave you with the quote from Gandhi "First they ignore you, then they laugh at you, then they fight you, then you win." |
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luigidosado
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December 12, 2017, 01:28:12 PM |
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A lot of speculations and rumors has been spreading all over the social media about bitcoin being a bubble that will suddenly pops and lost. But there is still a big chance that it is really true. Bitcoin has been increasing its value ever since it started and no one really knows what will happen to this because it is decentralized. Only the market around it will tell and dictate everything about bitcoin and its future.
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CryptoWorld87
Full Member
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Activity: 406
Merit: 100
kingcasino.io
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December 12, 2017, 01:54:34 PM |
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A lot of speculations and rumors has been spreading all over the social media about bitcoin being a bubble that will suddenly pops and lost. But there is still a big chance that it is really true. Bitcoin has been increasing its value ever since it started and no one really knows what will happen to this because it is decentralized. Only the market around it will tell and dictate everything about bitcoin and its future.
Actualy only madia and some big whales only doing this because they want bitcoin to go back down to a lower price again so they can buy more bitcoins. Will if this big stores will start accepting bitcoins then probably bitcoin price will go on rampage again like a rocket in the sky. |
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batang_bitcoin
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December 12, 2017, 02:02:09 PM |
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I'll leave you with the quote from Gandhi
"First they ignore you, then they laugh at you, then they fight you, then you win."
This is what happened to me, when I started to get into bitcoin many people especially my friends did laughed at me. And then a year after they laughed at me, they are now started to give me some good call since they are now interested about bitcoin, they saw the price increases but I have no longer interest of talking to them. Steam has abandoned Bitcoin, so why should McDonalds, Walmart, or whatever start to accept it all of a sudden?
Steam isn't the only company in this world, they can abandon and stop accepting bitcoin. They have a different industry and market with Mcdonalds and other companies that are willing to adopt it. Buy and hold is my advice.
I am holding and will stay with my plans. |
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btc_angela
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December 12, 2017, 02:12:21 PM |
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Its far from a bubble until McDonalds, Walmart, and Gas Stations begin to accept bitcoin......
Untill then, we have a long ways to go!
Buy and hold is my advice.
Call it a bubble or whatever they want. Bitcoin is here to stay anyways. I don't know though that even McDonalds, Walmart, and Gas Stations begin to accept bitcoin, they will still call it a bubble. Looking at the price @17K looks like really a bubble to me. LOL. But just like you, I will hold because bitcoin now has a bright future specially that a lot of investment institution are also joining this so called bubble. They can't resist bitcoin because of the huge amount being involved right now and they want a piece of the pie to this bitcoin bubble. Bitcoin for long term hold. |
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AllGoodNamesAreTaken
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Activity: 72
Merit: 0
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December 12, 2017, 02:17:06 PM |
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It sure feels like a bubble ... but it might as well go up to $200k, crash down and settle at $50k and then that is the new normal. Only time will tell.
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hispout
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December 16, 2017, 10:12:18 AM |
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people who call Bitcoin Bubble dont know anything about it
It is the view of some economist that bitcoin is a bubble which can be burst anytime but I don’t think so because I am looking bitcoin as the most stable crypto currency in the whole world as the increasing price of bitcoin is a solid example of its stability. |
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richminded
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December 16, 2017, 10:14:56 AM |
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people who call Bitcoin Bubble dont know anything about it
Maybe they know that bitcoin have a great opportunity to makes us better in the future and they are just trying to dump bitcoin so they can buy more. I heard this years ago and look at now, bitcoin are still on top well if this is a real bubble how much air bitcoin needs just to reach this kind of level. The real believer of bitcoin are the real winner here, better to be more patient and enjoy gaining bitcoin. |
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Tszunami98
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December 16, 2017, 10:20:47 AM |
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Well, it is not a bubble for now, but it could become one. The rising price of btc is basically the only way to get people into cryptoworld, and si doing a great job until now. I think right after institutional money come in the game, they could manipulate bitcoin price transforming it into a buuble and then pop it like most of the other bubbles they popped.
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virtualdn
Legendary
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Activity: 1372
Merit: 1093
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December 16, 2017, 10:34:17 AM |
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Yeah it's a bubble but it will end in 2140
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1 BTC = 1 BTC
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crypto_Butterfly
Member
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Activity: 186
Merit: 13
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December 16, 2017, 10:37:20 AM |
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people who call Bitcoin Bubble dont know anything about it
THIS!!! or they simply hate it.  |
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Vitolife
Newbie
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Activity: 64
Merit: 0
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December 16, 2017, 10:57:25 AM |
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It sure feels like a bubble ... but it might as well go up to $200k, crash down and settle at $50k and then that is the new normal. Only time will tell.
Well, I do not think it is a bubble, it is great system to store value - much better than anything we know now as physical gold or real estates. The current problem we have is with transaction speeds/fees as this needs to be improved for major adoption - lighting network is in progress and I think it would help significantly. Bitcoin follows the exponential growth of social networks - currently there are 15M wallets and it follows exponential growth pattern of social networks - there is still huge market to capture as it goes mainstream, and I do not think 200k USD is the limit, it has potential to grow much more and we could see it grow very fast as more people join in. |
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asdalani
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December 16, 2017, 11:47:24 AM |
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It sure feels like a bubble ... but it might as well go up to $200k, crash down and settle at $50k and then that is the new normal. Only time will tell.
Well, I do not think it is a bubble, it is great system to store value - much better than anything we know now as physical gold or real estates. The current problem we have is with transaction speeds/fees as this needs to be improved for major adoption - lighting network is in progress and I think it would help significantly. Bitcoin follows the exponential growth of social networks - currently there are 15M wallets and it follows exponential growth pattern of social networks - there is still huge market to capture as it goes mainstream, and I do not think 200k USD is the limit, it has potential to grow much more and we could see it grow very fast as more people join in. Bitcoin is very young and easy for people to use. You're right, things will get popular when the network get the update. |
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