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Author Topic: Is Bitcoin the next big thing?  (Read 1420 times)
sunnex100
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December 16, 2017, 08:40:34 AM
#1

For those who argue that Bitcoin and other cryptocurrencies are the next big things, buying and investing in Bitcoin might just pay off. Bitcoin might excel if currencies like the dollar et al trips under a hyperinflation scenario but that for now is not visibly an option that is available, thus, another fundamental question is wether Bitcoin can replace normal currencies and that again is not feasible in the nearest future. Why then should people invest in or buy a currency that can rise or fall by 20 percent in an hour or two?

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December 16, 2017, 10:15:03 AM
#2

Bitcoin might excel if currencies like the dollar et al trips under a hyperinflation scenario ...
 wether Bitcoin can replace normal currencies ...

bitcoin is not supposed to "replace" fiat. and it was never the plan. it is like saying when Paypal started back in 1998 it was supposed to replace all traditional money!

bitcoin is like an option, a secondary currency that is decentralized and free of censorship and government control. anybody from anywhere in the whole world can use it the way they like without answering to anyone.

Why then should people invest in or buy a currency that can rise or fall by 20 percent in an hour or two?

this has nothing to do with bitcoin being the "next big thing" or "replacing fiat".
and to answer your question, many people are investing in bitcoin because it is volatile! you don't see a trader jumping up and down saying the asset i bought to make profit is not moving at all, woot woot.














 

 

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December 16, 2017, 11:35:35 AM
#3

Your statement is full of contradicory remarks about each other. First off, bitcoin isn't supposed to replace the whole traditional currency scheme already existing; bitcoin is supposed to co-exist with it and give people better options to have more control over their money. Second, I'd invest in bitcoin because it already has proven itself. Look at the charts, it's already the biggest thing around. Lastly, institutional investors are now drooling over the gains of bitcoin and have since tried to enter the market through futures that they offer in their platforms.

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December 16, 2017, 11:46:13 AM
#4

i think you should try to learn and do some research about something that you want to talk.
at the beginning you are talking about 'the next big thing' what does that mean by 'big thing' ?
and how to measure it whether it is big one or the small one ? it's very hard to understand because only you know about it  and noone else.
also why you compared it to dollar or other main currency that we currently have at this moment ?
do you even understand what is Bitcoin goal ?
Bitcoin will only become a digital currency but it will never can be a main currency because it does not meet the requirement as a main currency.
so your question about who want to buy it and using it to replace the main currency are totally nonsense.
Fiat will always be a fiat or will always be our main currency,nobody can replace it no matter what.

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December 16, 2017, 11:56:58 AM
#5

this has already been discussed before, and this question is the same, of course for those who want to know bitcoin should bear a high risk, so those who want to invest in bitcoin should be ready in every way, bitcoin can not replace the original money. bitcoin is just a digital investment tool.

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December 16, 2017, 12:00:26 PM
#6


We are investing into bitcoin because it is giving us profits in return and there is now greater relation of the man with bitcoin money! I don稚 think Mr. Satoshi made the BTC for the purpose of investment in the first place neither it was created to be used as the fiat currency. He created a model where bitcoin is supposed to be its own bank and it must be in control of individual person where it was to carry out the transaction as peer to peer mode. Thats the actual bitcoin use and thats the actual principle of the bitcoin. So remember this there won稚 be any replacement of the bitcoin and fiat currency and no government will ever do that for the sake of handling the traditional fiat currency which is centralised, stable and well working!


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December 16, 2017, 12:33:16 PM
#7

Sure that bitcoin and other cryptocurrencies are the next big things but replacing fiat by them is never gonna happen. Currencies within each nations are symbolic to them. It serves as their medium of exchange and mainly used for financial transactions within that certain nation. Well, I think having a pump and dump for about twent percent is a good thing, it's a good time and opportunity for investors to buy and sell.

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December 16, 2017, 01:26:08 PM
#8

For those who argue that Bitcoin and other cryptocurrencies are the next big things, buying and investing in Bitcoin might just pay off. Bitcoin might excel if currencies like the dollar et al trips under a hyperinflation scenario but that for now is not visibly an option that is available, thus, another fundamental question is wether Bitcoin can replace normal currencies and that again is not feasible in the nearest future. Why then should people invest in or buy a currency that can rise or fall by 20 percent in an hour or two?
[/quot
When we base on a states of economy. Thier is inflation and deflation in any aspects. Bitcoin can also experience thet kind of ups and downs,but thier is a one thing that you can assure when bitcoin was be ligal in all of the world...the bitcoin can consider as a one big thing that need to give a time..

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December 16, 2017, 07:20:32 PM
#9

One of the things that you should know about Bitcoin is that not one of its goals is to replace fiat, rather aid fiat in this continually evolving and developing world, in terms of the virtual aspect. I don't think that cryptocurrencies can stand on their own without fiat. With regards to you asking why Bitcoin is worth investing for despite it's volatility, the answer is simple: it allows the multiplication of value in a span of seconds, even minutes making it's value reach even greater heights. Though it may be fluctuating, after some time it can bounce back and still assure that your money has grown over time with it.
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December 16, 2017, 08:41:25 PM
#10

For those who argue that Bitcoin and other cryptocurrencies are the next big things, buying and investing in Bitcoin might just pay off. Bitcoin might excel if currencies like the dollar et al trips under a hyperinflation scenario but that for now is not visibly an option that is available, thus, another fundamental question is wether Bitcoin can replace normal currencies and that again is not feasible in the nearest future. Why then should people invest in or buy a currency that can rise or fall by 20 percent in an hour or two?
It should be possible and for now it even reach the $19000 prediction. It should be possible why? Because some investors have finally implemented the scanning transactions about bitcoin and theyre slowly tqking advantage of bitcoin not only they invest they also make businesses about something wnd the pay was on bitcoin. And also in our country they are alsi implementing something like this example some fastfood chains like MCDonalds on the news was stating that they will now accept bitcoin as a payment.

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December 16, 2017, 08:49:02 PM
#11

Why then should people invest in or buy a currency that can rise or fall by 20 percent in an hour or two?
The answer for question is already there, that's why everyone is investing to something that is rising for 20% to take profits and just wait for it's time to fall for 20% or even lower to buy back. Bitcoin's volatility is the main reason why everyone is riding the train of bitcoin now. We do want to earn effortlessly by just buying it and wait for it's value to grow that's how it goes. It may not change or replace currency but it will change the perspective of modern investors.

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December 16, 2017, 09:39:42 PM
#12

I think bitcoin is not the next big thing because it is now a big thing that making its believer going crazy about getting it now a  days because it is  getting .more precious  than gold today.Its price is almost growing up everyday that is why many people wanted to have it right now in preparation of tomorow next option or maybe decision that we made to make thing convenient in terms of financial aspect.

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December 16, 2017, 09:41:54 PM
#13

For those who argue that Bitcoin and other cryptocurrencies are the next big things, buying and investing in Bitcoin might just pay off. Bitcoin might excel if currencies like the dollar et al trips under a hyperinflation scenario but that for now is not visibly an option that is available, thus, another fundamental question is wether Bitcoin can replace normal currencies and that again is not feasible in the nearest future. Why then should people invest in or buy a currency that can rise or fall by 20 percent in an hour or two?

Of course it could replace traditional currencies and that is what most banks and governments right now are worried about and trying to find a solution for. Obviously they have more resources and can create their own coin or potentially even make bitcoin illegal. However, I doubt that would stop the economy and there only choice now seemingly is to co-exist with it rather than try destroy it.

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December 16, 2017, 10:15:14 PM
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For those who argue that Bitcoin and other cryptocurrencies are the next big things, buying and investing in Bitcoin might just pay off. Bitcoin might excel if currencies like the dollar et al trips under a hyperinflation scenario but that for now is not visibly an option that is available, thus, another fundamental question is wether Bitcoin can replace normal currencies and that again is not feasible in the nearest future. Why then should people invest in or buy a currency that can rise or fall by 20 percent in an hour or two?

Of course it could replace traditional currencies and that is what most banks and governments right now are worried about and trying to find a solution for. Obviously they have more resources and can create their own coin or potentially even make bitcoin illegal. However, I doubt that would stop the economy and there only choice now seemingly is to co-exist with it rather than try destroy it.

I don't think bitcoin will ever replace the traditional Fiat currency as bitcoin is designed as an alternative for Fiat where the user has control over his funds and the main reason some of the government are trying to term bitcoin illegal is because it may be used to unethical things and finance terrorism without understanding that both of the reason which they are trying to sell us will not work as terrorism and unethical transfers are taking place much before the bitcoin was launched .

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December 16, 2017, 10:18:11 PM
#15

Your question clearly shows your interest in the Bitcoin. The idea behind Bitcoin was not to replace the current currencies but to provide another currency that can be used by anyone, anywhere, without any interference and consent of governments. Although it can not and will not replace other currencies but it can be used in many creative ways.
Bitcoin has always been increasing, and it will always be increasing. So those investors who want to have some great profits should invest in it. It isn't used by only few people, but is used by millions for transferring money from one place to another without even visiting the banks, or rethinking about governmental taxes. I know that at this point there are some fees for Bitcoin transfers, but the developers are soon going to implement a feature that will reduce the fees very much.
It is astonishing to ask such kind of questions because if you were among the ones who invested in 2010, then you would never doubt its value. It is a big treasure and other cryptos are small treasures. Invest in it and see how profitable your investment becomes.
annoying_tiger1
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December 16, 2017, 10:19:17 PM
#16

When we begin paying our taxes out of BTC, that is the moment when it had become 'the next big thing'
newinbtc
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December 16, 2017, 10:20:12 PM
#17

Why then should people invest in or buy a currency that can rise or fall by 20 percent in an hour or two?

Because people know Price will grow definitely , Some big players already invested big money in it and These Players Can Sell money then price some down fast and they reinvest same money

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Bitcoin is Already big thing currently , Contries like India just came to Know about bitcoins , Big players from india already start investing in ripple an other cryptocurrency to earn big money

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As per new govt rules in india , people may need to tax if they hold bitcoin for 3 years upto 20%
player514
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December 16, 2017, 10:29:46 PM
#18

For those who argue that Bitcoin and other cryptocurrencies are the next big things, buying and investing in Bitcoin might just pay off. Bitcoin might excel if currencies like the dollar et al trips under a hyperinflation scenario but that for now is not visibly an option that is available, thus, another fundamental question is wether Bitcoin can replace normal currencies and that again is not feasible in the nearest future. Why then should people invest in or buy a currency that can rise or fall by 20 percent in an hour or two?

That's a great point you pose in the bottom statement. The reason people are purchasing the currency is because lately they've been seeing much more of the rise rather than the fall. Once the falls come into play, those who weren't skeptical about bitcoin may start to seem iffy. Furthermore, it's just (for a lot of people) a quick and easy way to make money. They don't really care what they're getting into as long as it makes them some side cash.

richardsNY
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December 16, 2017, 10:36:04 PM
#19

When we begin paying our taxes out of BTC, that is the moment when it had become 'the next big thing'

Not really. Who on earth will use his precious coins to pay their by-government-created debt? And if I remember correctly, there is already a country where you can use Bitcoin to pay your due taxes up to a certain amount. If we go by your logic, it means that Bitcoin has been 'the next big thing' for quite some time already. Aside from all this, Bitcoin is already in progress to become the next best thing, and that's by people utilizing Bitcoin's technical aspects (e.g. currency aspect, store of value aspect, voting and proof of identity purposes, etc). The more people utilize Bitcoin, the more valuable it becomes, it's that simple.
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December 16, 2017, 11:03:01 PM
#20

For those who argue that Bitcoin and other cryptocurrencies are the next big things, buying and investing in Bitcoin might just pay off. Bitcoin might excel if currencies like the dollar et al trips under a hyperinflation scenario but that for now is not visibly an option that is available, thus, another fundamental question is wether Bitcoin can replace normal currencies and that again is not feasible in the nearest future. Why then should people invest in or buy a currency that can rise or fall by 20 percent in an hour or two?
I think the right question would be what's the next big thing after Bitcoin?! Aside from it's present status as the top crypto currency amongst hundreds, it is now being included, if not, already included in the wall street futures. Now being included in wall street would pretty much say Bitcoin is BIG! 😉

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