Bitcoin Forum
September 20, 2018, 11:55:33 AM *
News: ♦♦ Bitcoin Core users must update to 0.16.3 [Torrent]. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 [9]  All
  Print  
Author Topic: What is bitcoin backed by?  (Read 616 times)
icoprofits
Newbie
*
Offline Offline

Activity: 238
Merit: 0


View Profile
July 31, 2018, 01:47:53 PM
 #161

Bitcoin is backed by algorithm  and mathematical coding as well already know we have limited supply 21 million dollars
1537444533
Hero Member
*
Offline Offline

Posts: 1537444533

View Profile Personal Message (Offline)

Ignore
1537444533
Reply with quote  #2

1537444533
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537444533
Hero Member
*
Offline Offline

Posts: 1537444533

View Profile Personal Message (Offline)

Ignore
1537444533
Reply with quote  #2

1537444533
Report to moderator
websoftwareengineer
Full Member
***
Offline Offline

Activity: 364
Merit: 100


Blockchain with VTOS energy


View Profile
July 31, 2018, 02:28:35 PM
 #162

People believe bitcoin is backed by nothing. I think that is not the truth. I believe bitcoin is actually backed by people themselves. It is backed by none other than just you. We all witnessed the price has been fluctuating by all those FUDs and bad news. The price changes by emotion and non logical facts. I believe you hold bitcoin no matter what happened and would happen, and believe it is backed by all of us, it would make a history.  Cool
Yes, I agree with you. Bitcoin is backed by the people investing in it. The price of any cryptocurrency is highly influenced by the people holding it known as its community. This is truer in the case of Bitcoin. There are many cryptocurrencies being launched every day but Bitcoin is still ruling the cryptocurrency market. This is mainly because Bitcoin enjoys great support from its community.

No matter how many times bitcoins will be announced as dead, bitcoins will still grow because the market prices are volatile so you can always assure that you will be earning profit depending on the season.

⚫ ▬▬     V T O S   |   Decentralized CDN & Social Network     ▬▬ ⚫
  Whitepaper    JOIN OUR ICO  >  MAY 28th  <
FACEBOOK               MEDIUM               TWITTER               GITHUB               TELEGRAM
anushkasachith888
Member
**
Offline Offline

Activity: 280
Merit: 10

https://eloncity.io/


View Profile WWW
July 31, 2018, 07:35:14 PM
 #163

Bitcoin is backed by people and the awesome blockchain technology. a small number of people who rules the world with an unfair system only don't like bitcoin and blockchain technology. because they won't be able to exploit people like with this new decentralized ecosystem.

frankiemalton
Jr. Member
*
Offline Offline

Activity: 182
Merit: 4

dApps Development Automation Platform


View Profile
July 31, 2018, 08:02:49 PM
 #164

Here is what I personally believe ALL currency (credit cards, cash, crypto) is backed up by.


▬▬▬▬▬▬▬⬢          Buddy          ⬢▬▬▬▬▬▬▬
Decentralized Development Automation Platform
▬▬▬▬▬▬▬⬢ token.buddy.works ⬢▬▬▬▬▬▬▬
anntlevel
Jr. Member
*
Offline Offline

Activity: 252
Merit: 3

Revolutionising Marketing and Loyalty


View Profile
August 03, 2018, 07:16:51 AM
 #165

If you are getting so surprised with current prices, what you will do when prices go to a million or above per bitcoin.
For that time, keep your patience under controlled? Are you saying this seriously? I think this isn’t right thing to do. You should keep yourself updated with almost recent information. And this information explains us to become stable and patience for a specified time. You can’t become patient for so long time that leads you to hold your coins for five or six years.

MobileBridge Momentum Token Sale
▬  https://momentumtoken.io/  ▬
Revolutionising Marketing & Loyalty
Elexsis
Member
**
Offline Offline

Activity: 308
Merit: 10


View Profile
August 05, 2018, 03:19:22 PM
 #166

If you are getting so surprised with current prices, what you will do when prices go to a million or above per bitcoin.
For that time, keep your patience under controlled? Are you saying this seriously? I think this isn’t right thing to do. You should keep yourself updated with almost recent information. And this information explains us to become stable and patience for a specified time. You can’t become patient for so long time that leads you to hold your coins for five or six years.
If you have a decent job you can actually hold until when you are going to sell your coin and it doesn't matter if it takes years because it is his/her own decisions to do if something happens. It is important to be updated on the market for you to know if the prices are changes to what exactly it will become after you brought the coin that time

dobladonadouble
Newbie
*
Offline Offline

Activity: 37
Merit: 0


View Profile
August 14, 2018, 01:28:54 PM
 #167

Basically, bitcoin is backed by blockchain technology. But if you will see thru it, mainly, we all backed bitcoin. Bitcoin technology actually depends on the people, instead of some specific organisation, country or an economy. It centers and circulates with us, the users of bitcoin.
checkmatesir
Full Member
***
Offline Offline

Activity: 335
Merit: 100



View Profile
August 24, 2018, 12:09:09 PM
 #168

People believe bitcoin is backed by nothing. I think that is not the truth. I believe bitcoin is actually backed by people themselves. It is backed by none other than just you. We all witnessed the price has been fluctuating by all those FUDs and bad news. The price changes by emotion and non logical facts. I believe you hold bitcoin no matter what happened and would happen, and believe it is backed by all of us, it would make a history.  Cool
Yes, I agree with you. Bitcoin is backed by the people investing in it. The price of any cryptocurrency is highly influenced by the people holding it known as its community. This is truer in the case of Bitcoin. There are many cryptocurrencies being launched every day but Bitcoin is still ruling the cryptocurrency market. This is mainly because Bitcoin enjoys great support from its community.

No matter how many times bitcoins will be announced as dead, bitcoins will still grow because the market prices are volatile so you can always assure that you will be earning profit depending on the season.
That is very normal and we are observing sch activities from people for a long long time, but I am also sure that such false news will not bring any effect on bitcoin. In fact people are giving a very good support to bitcoin which is making bitcoin more and stronger.

laracastvue
Member
**
Offline Offline

Activity: 336
Merit: 10

Cryptocurrency VTOS


View Profile
August 24, 2018, 02:11:31 PM
 #169

bitcoin is supported by people who like bitcoin, if bitcoin does not support it maybe bitcoin will die and not worth it, investor support, shareholder is so necessary that bitcoin will not die forever

Yes you are right, the only reason for bitcoins to die is that no one will be interested on investing on it and that is the only way for bitcoins to dump in the market.

fauzan Ichsan
Full Member
***
Offline Offline

Activity: 420
Merit: 101


Digital Wealth Management


View Profile
August 24, 2018, 02:36:35 PM
 #170

bitcoin is supported by people who like bitcoin, if bitcoin does not support it maybe bitcoin will die and not worth it, investor support, shareholder is so necessary that bitcoin will not die forever

Yes you are right, the only reason for bitcoins to die is that no one will be interested on investing on it and that is the only way for bitcoins to dump in the market.

Pages: « 1 2 3 4 5 6 7 8 [9]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!