why I'm not believing in bitcoin as currency

[bug.lady]

Your points are valid but I wouldn't picture them as fails, rather as concerns, the concerns that I too share, there is no doubt about it.

In 2008 I worked for this small internet startup streaming music online. I thought I was experienced and I joked with friends, that it is never ever going to be possible to stream good quality video, because even with our music people were unable to listen due to slow connection everybody had at that time. Look what happened: infrastracture changed, software solutions changed, high compression was used, and now you can easily stream high quality 2 hour long movie!

The same will happen to bitcoin. Just give it time!

At least I hope so.

I still hoping I just look at all the people that falling into ICO'S scam. and how they thread Cryptocurrency, only as a way to invest  and nothing more than that sure there are people that more educated about that and
thread crypto differently but the majority made crypto as "investment gratuity" and not seeing it as the world currency.

that is true, and I agree that in 2015 hopes were very high for bitcoin to be used to pay for services, and that it is currently harder than ever before (fees are radiculuos, maybe not at this particular moment, but a month ago they were like 20 USD fee). My point is that it is too early to say that bitcoin failed. I still believe that with the introduction of new technologies and infrastructure what is currently seen as impossible will be possible and even easy in the future: fee level will drop to fractions of cents... It will require bitcoin to adapt, and lack of that adaptation and lack of will to adapt is the main danger I am seeing at present.

[Vendetta666]

So maybe someone who does not believe in bitcoin because they do not know how to earn it or they're scams already and have lost the bitcoin they earned. Actually, if he learns how to earn a bitcoin he will definitely love it and it will be very happy he will always be playing bitcoin.

[felipe04]

This topic is from veterans like you OP but base on your post i think you experience bad in crypto and it turn you to not believe anymore in digital currency but the best for you to do or to see what can bitcoin brings to you and not the bad things here in crypto,I also experience not really well in my investing here but i still continue in crypto because even we can lose here the chance to earn is really big so i think there's no need for negative and think positive always like start where you can earn here.

[toresto]

not a tax for ice cream but for buying bitcoin, back their how can you pay tax for bitcoin if you mined it with your computer

[dothebeats]

Where have you been lately when bitcoin fees dropped significantly? Also, are you even aware about the on-going developments on LN? If you aren't then I do know where you're coming from thinking that the developments about bitcoin are stagnant and no such improvements are being made in the network. If you fail to understand that development takes time and resources, then you fail to see the good things behind some setbacks and that means bitcoin is not for you. I've invested so much into crypto, burned a few times but still kept on investing and here I am, making more money than what I do in my day job.

No taxes
we mined bitcoin with our pc before ASIC! so no taxes

and less physical shops accept bitcoin and that is a fact, not online store.
and many  of the online shops are scammers
you can't go to   shopping mall  and buy ice cream with bitcoin

in 2010 that was the idea


and bitcoin is not fast anymore every one waiting in a queue and competing with a transaction fee
to be the first to validated and there is tons of other that waiting exactly like you.

it's supposed to be world currency you could travel anywhere on in the world and buy in local shops
and not only over the net.

So I guess you are just one of those people who demand a lot on something yet haven't contributed even a single thing to make matters easier.

Even if you mined your bitcoin with your own PC before and you gained something from it, it is still subject to taxes no matter how you look at it though it is still highly dependent on your government whether they will tax bitcoin or not. Also, it is not bitcoin's fault to have less merchants going in with the bitcoin train; it is their decision not to meddle with bitcoin and integrate it in their business.

Again, have you tried to send bitcoins lately? The fees have dropped significantly and confirmation times became faster compared to the previous months.

And no, bitcoin isn't meant to be a world currency; it can be used across borders, yes, but there's no way that BTC is supposed to replace the world's leading currency, only exist side-by-side with them.

[hadveach]

Don't be so negative about it. Bitcoin has put it's mark on the world. Look at us now, the only reasons we can talk about cryptocurrencies and a big change in the worlds financial system it's owed to Bitcoin.
It may not become the only crypto currency of the world, it may not have a low fees or fast transactions speed (for now), but it got us this far.
We are here, and we can hope for a better world in the future because of Bitcoin.

Yes, I agree with you, that we are here because of the condition of bitcoin, altcoin becomes stable due to bitcoin, stable market conditions due to bitcoin. because bitcoin regulates altcoin and the market.

so in my opinion, it is not good if we think negative about bitcoin. Bitcoin has helped our economy. I realize that bitcoin has its drawbacks, but positive thinking will eliminate the weakness of the bitcon.

[Wahyu aep]

all have different reasons to believe, and if you feel Bitcoin is no longer so, then by all means make your way out. I still believe in Bitcoin as a currency. It's still in its early stages as far as technology goes, and improvements like Lightning Network will I still trust in Bitcoin as a currency. It's still in its early stages as far as technology goes, and improvements like Lightning Network will make it more and more feasible.

[bitfocus]

ok, you might have some reason, but I also have my reasons to believe in Bitcoin and the blockchain.

[alyssa85]

even with Lightning Network people holding their coins and not really using them.

so Crypto  became trade market and not currency

if people not looking at bitcoin as currency in real life, we kinda losing the whole point of bitcoin here

Part of the problem is the limited supply. When a currency is deflationary, people hoard it, they don't spend.

I'm pretty sure another cryptocurrency will end up being the one used everywhere, while bitcoin will be digital gold.

[toresto]

ok, you might have some reason, but I also have my reasons to believe in Bitcoin and the blockchain.

i believe in the blockchain technology without any doubt a specially when Namecoin was just launched and was
really doing something useful with blockchain besides money, the DNS chain really changed my thinking about the blockchain

[spiker777]

To address two of your major points, fees and adoption.

We have known that Bitcoin has a limited number of transactions it can handle per second, which is why there have been numerous forks claiming to solve the issue, and even the segwit soft fork to pave the way for the second layer solutions. Bitcoin is still evolving, it will hit a wall every now and then, and it will be overcome. The fees have massively dropped due to segwit adoption, and LN development is underway and being tested as we speak.

Worldwide adoption: Well bitcoin is a new currency, do you really expect worldwide adoption within less than a decade? Be realistic.

Taxes: Do you really expect worldwide adoption, no bans, and evasion of taxes? What government will stand by and allow that? People complain about taxes, but believe me you don't want to live in a world where community services are not provided as there is no tax system.

[9emb3lelit3]

why can not you trust me with bitcoin ?, if i see you definitely use this bitcoin investment the wrong way, and surely you are too eager too high to get profit. dibitcoin not circulated like that my friend, dibitcoin must always with patience, there are steps that we must follow and can not be violated. just take the lesson, do not you directly do not believe in this bitcoin, because in my opinion, from this bitcoin that will change our economic life if we do it right. a lot of lessons that we can get from this bitcoin, so most importantly patience to pursue what we want from this bitcoin. think positive my friend.

[Kprawn]

not a tax for ice cream but for buying bitcoin, back their how can you pay tax for bitcoin if you mined it with your computer

This is just ridiculous. You have to pay taxes, no matter how you earn that money. If you got into Bitcoin because you want

to avoid paying taxes, then you in the wrong game. Yes, some of the early investors had these great dreams of a

technology that would give the big "FUCK YOU" to governments and that was totally unrealistic. Governments might not be

able to STOP Bitcoin {the technology}, but they can regulate it to death. {effectively banning it and making it a criminal

offense, if you were caught using it} Do you want that or do you want to find some middle ground where Bitcoin can still

be used, within the same regulated environment as other financial technologies? Pay your damn taxes and be done with these

F'ker!

[Lucacrebbe]

XSH

https://bitcointalk.org/index.php?topic=2234453.0

[Yesolo]

I'm pretty sure another cryptocurrency will end up being the one used everywhere...

“Imagine there's no countries
It isn't hard to do...”
(c) John Lennon
 

...while bitcoin will be digital gold.

100% agree!

[toresto]

not a tax for ice cream but for buying bitcoin, back their how can you pay tax for bitcoin if you mined it with your computer

This is just ridiculous. You have to pay taxes, no matter how you earn that money. If you got into Bitcoin because you want

to avoid paying taxes, then you in the wrong game. Yes, some of the early investors had these great dreams of a

technology that would give the big "FUCK YOU" to governments and that was totally unrealistic. Governments might not be

able to STOP Bitcoin {the technology}, but they can regulate it to death. {effectively banning it and making it a criminal

offense, if you were caught using it} Do you want that or do you want to find some middle ground where Bitcoin can still

be used, within the same regulated environment as other financial technologies? Pay your damn taxes and be done with these

F'ker!

in 2011 government treated bitcoin as "wtf is bitcoin" and relax it's not "real money"
and no one even talked about put tax on bitcoin it was not real for them

[guschin]

I would like to express regarding the tax part. In my country, you have to pay taxes on all types of income from any investment. Bitcoins was never an exception to this and thus people had to pay taxes on profit made in trading. If you are taking about additional taxes, that is really bad for us. I think even government is milking the craze for bitcoins.

[toresto]

I would like to express regarding the tax part. In my country, you have to pay taxes on all types of income from any investment. Bitcoins was never an exception to this and thus people had to pay taxes on profit made in trading. If you are taking about additional taxes, that is really bad for us. I think even government is milking the craze for bitcoins.

yes the additional taxes

[bug.lady]

even with Lightning Network people holding their coins and not really using them.

so Crypto  became trade market and not currency

if people not looking at bitcoin as currency in real life, we kinda losing the whole point of bitcoin here

Part of the problem is the limited supply. When a currency is deflationary, people hoard it, they don't spend.

I'm pretty sure another cryptocurrency will end up being the one used everywhere, while bitcoin will be digital gold.

I would incline into thinking that it is actually a socialy beneficial aspect of bitcoin, that it encourages saving. People would save it instead of mindlessly spending it in malls as it is currently a case with fiat. The societies of today live on debt and are encouraged to spend more and more. With bitcoin, there would at least be an incentive to save. What can be wrong with that?

[tegarp90]

regardless of beleiving bitcoin or not, you can not deny that bitcoin already made us a lot of money (for who joined crypto in < mid 2017)
So that's not a problem anymore, except u re a new investor