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Author Topic: Signals from the past for our mistakes??  (Read 64 times)
a7goo
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February 13, 2018, 11:12:49 AM
 #1

This post is for those bitcoiner that used bitcoin to buy services or goods in the past. Have you ever thought that, before the btc had this increase in value, how much did you pay for a good or a service when you paied in btc? For example in 2010 you could buy 2 pizzas by 10000 btc. Today instead you can buy all you want. Could it really become the currency of the future?

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February 13, 2018, 11:28:20 AM
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This post is for those bitcoiner that used bitcoin to buy services or goods in the past. Have you ever thought that, before the btc had this increase in value, how much did you pay for a good or a service when you paied in btc? For example in 2010 you could buy 2 pizzas by 10000 btc. Today instead you can buy all you want. Could it really become the currency of the future?
Yes i agree on this statement because signals from our mistakes made us who truely we are now keep our self about things that happens everyday and thinking of those thinks that may really affect though.
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February 13, 2018, 11:37:19 AM
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Even now many people are complaining that soon Bitcoin will become the Null value, there are many rumors around the globe happening every day but we can't do anything about that because it is their option about the Bitcoin. After it reaches to ATH then again they specified Bitcoin is unfit for trading. Believers always believe in Bitcoin.
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February 13, 2018, 11:38:15 AM
 #4

Hi,

What you are talking about here is the volatility of prices. This is one of the strongest argument against bitcoin because, indeed, it is hard to imagine that we may be abe to use it as daily currency when prices can be doubles or halved within a year.

With our current system, this would just be a complete mess.

Indeed, some people that have invested in the early development of bitcoin could be really rich today if they had kept it. But it was impossible then to imagine something like that.

What I personnally think is that bitcoin will be suitable as daily currency once it is no longer possible to create bitcoin. At that moment, the price will be fixed. Because people are currently betting on bitcoin because they know the value can become completely crazy. Once this process is over, the price get more stable. I guess!

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February 13, 2018, 12:42:38 PM
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Hi,

What you are talking about here is the volatility of prices. This is one of the strongest argument against bitcoin because, indeed, it is hard to imagine that we may be abe to use it as daily currency when prices can be doubles or halved within a year.

With our current system, this would just be a complete mess.

Indeed, some people that have invested in the early development of bitcoin could be really rich today if they had kept it. But it was impossible then to imagine something like that.

What I personnally think is that bitcoin will be suitable as daily currency once it is no longer possible to create bitcoin. At that moment, the price will be fixed. Because people are currently betting on bitcoin because they know the value can become completely crazy. Once this process is over, the price get more stable. I guess!
Indeed. I really wanted to say this. Only when the price will become stable on an ongoing basis can we talk about buying goods or services ..... AT THE REAL COST IN TIME

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February 13, 2018, 01:14:41 PM
 #6

Your point is using btc to buy goods? And to pay services, I thought bitcoin is not directly use to pay, as what I've known that bitcoin is a digital cryptocurrency and convertible into cash money which use to buy goods. But if bitcoin now is acceptable in the market as term of payment, it is really good.
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February 14, 2018, 06:14:33 AM
 #7

This post is for those bitcoiner that used bitcoin to buy services or goods in the past. Have you ever thought that, before the btc had this increase in value, how much did you pay for a good or a service when you paied in btc? For example in 2010 you could buy 2 pizzas by 10000 btc. Today instead you can buy all you want. Could it really become the currency of the future?

Agreed though I just want to share my friends experience when he first know the bitcoin first is bitcoin is not famous and the price is to low earning some bitcoin such as 2 or 1 , now the price of it is double , and he regret that , he said that " Instead of buying some I should hold it and earn the bitcoin and maybe I 'm rich. As of now his holding his coins , and now he have 2 to 3 bitcoin. And yes and I believe that bitcoin will be the new currency , and as you can see now bitcoin is earning popularity our dear bitcoin is famous and a lot if investors and businessman is investing.

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February 14, 2018, 06:45:09 AM
 #8

This post is for those bitcoiner that used bitcoin to buy services or goods in the past. Have you ever thought that, before the btc had this increase in value, how much did you pay for a good or a service when you paied in btc? For example in 2010 you could buy 2 pizzas by 10000 btc. Today instead you can buy all you want. Could it really become the currency of the future?

There is nothing wrong in something appreciating in value and whinning about what people did in the past is something that we should do without, because even you that have the bitcoin today and sold to buy a car, in the next ten years the same amount you buy a car today, might be enough to buy a house and by then you would be like those set of people that pay 10000btc for pizza from your analogy. What should really matter is, the person that used it for pizza, how much did he get it for? If he/she got it for less the value, then he made profit no matter how much profit he would have made today.

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February 14, 2018, 07:25:54 AM
 #9

Even now many people are complaining that soon Bitcoin will become the Null value, there are many rumors around the globe happening every day but we can't do anything about that because it is their option about the Bitcoin. After it reaches to ATH then again they specified Bitcoin is unfit for trading. Believers always believe in Bitcoin.
I cant think the value of bitcoin would be null because it is the main cryptocurrency to echange other altcoins. Moreover, I think that in the future the value of bitcoin would be stabilized and can be used for online transaction by more people.

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February 27, 2018, 10:44:07 AM
 #10

I think these people are few and they try to forget about it. Do not remember once again that would not spoil your mood Wink.

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