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aioc
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August 27, 2018, 01:01:07 AM |
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The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.
Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.
Since you have this kind of thinking and will just continue to fud the forum, why not sell all your coins and leave this forum, we don't need people like you who is very ignorant and do not have something valuable to contribute to this forum only to spread negativism this is one of the reasons why Bitcoin value is going down. |
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Vickyrichy
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Activity: 209
Merit: 12
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August 27, 2018, 01:20:41 AM |
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I realized a lot don't understand the purpose of cryptocurrencies (bitcoin). I mostly blame the media for all the misconception people have about bitcoin. Bitcoin was created to be a digital currency that allows people to transact their goods and services easier and faster. It is the best form of alternative payment for online transactions.
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BLAST2MARS
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August 27, 2018, 01:29:48 AM |
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There might be a thousands of altcoins that can be a bubble but not bitcoin. Bitcoin is an exceptional tech and if you like it or not, it will stay with just like fiat in the modern age. Bitcoin only explode in higher value and not pop and then vanish.
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C0ld_Zero
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Activity: 154
Merit: 0
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August 27, 2018, 02:30:12 AM |
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All I find out about bitcoin is people purchasing and holding with expectations of getting rich from rising worth
What level of bitcoin holders really utilize it as real cash - to purchase products and ventures? On the off chance that 90% surprisingly just would like to get rich on trade rates to dollars, than this is only vaporware
Cryptocurrency people get a kick out of the chance to gripe about "fiat" cash even tho bitcoin is the most fiat money you can envision. There is no genuine esteem, there isn't an estimation of the paper it's imprinted on. It's altogether in light of confidence in the possibility that its value something
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tsinelas
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August 27, 2018, 03:05:34 AM |
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The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.
Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.
I don't think that crypto is a bubble but rather it is a History.Maybe now bitcoin is in it's past state but it'll show all people the unpredictable state. For now bitcoin is going on a lower profile for the users to realize that it not only for investment and the real purpose of crypto is for online payment transaction connecting all of us in the world by the digital/internet technology. |
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Yadamosan
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Activity: 193
Merit: 10
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August 27, 2018, 03:10:10 AM |
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Bitcoin never been a bubble yet, bitcoin just having a circumstances and problems, and when you're weak too that when you saw some weakness from bitcoin, Your money will never grown or earn because bitcoin is for risk takers and so on, and when you give up and you think that bitcoin will fall or something etc.. change your business, most of the bitcoin users using the bitcoin for online transaction; most of the people transacting daily using their coins but.
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stayeduptolate
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August 28, 2018, 07:30:36 PM |
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The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.
Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.
We all know that all the crypto currencies are volatile in nature and moreover apart from being volatile they all are the part of investment and thus it is very common in all kind of investment that its valuation flactuates and this is the most probable reason that the valuation of bitcoin goes up and down and pump and dump and moreover the valuation of bitcoin is also subject to market demand and supply and morons are the people who think that this low valuation of bitcoin is the bubble that will burst soon. |
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Jackolantern
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Activity: 321
Merit: 10
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
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August 28, 2018, 07:49:48 PM |
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Some people think so but to my mind this is the best way to earn and use btc for your own needs as it is the best one. To my mind, it is high time to make it the main currency and use for personal needs like money
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﹏﹏﹋﹌﹌ WPP ENERGY ﹌﹌﹋﹏﹏ ☆═══━┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈━═══☆ ≈ WORLD POWER PRODUCTION ≈ █ █ █ |
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CryptoGosu
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August 28, 2018, 07:52:08 PM |
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I think not. Debt obligations are a much bigger bubble than Bitcoin. The Bitcoin market is not big enough now. Bitcoin is able to replace gold.
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adadaorlina
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August 29, 2018, 12:17:43 AM |
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Bitcoin is not a bubble but people are dealing with it as it was one. Bitcoin has a unique technology that can change the entire financial sector. Bitcoin is much more valuable than anything you think of. This is an amazing investment tool that will earn not only you but also your children and grandchildren.
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CrucialTechnology57
Newbie
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Activity: 70
Merit: 0
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September 01, 2018, 01:25:16 PM |
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As far I know the blockchain system is the most trusted system and bitcoin is totally based on that system so, how could it become a bubble.
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Perkovic
Jr. Member
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Activity: 154
Merit: 1
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September 01, 2018, 01:27:53 PM |
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I do not consider bitcoin a bubble author. it seems to me that this is the reverse of the revolutionary technology that will turn the world around
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inMIN.it TIME BASED CRYPTOCURRENCY██
ICO Pre-Sale : October, 2018 ██ |
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LeonardoDiCrypto
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September 01, 2018, 01:59:58 PM |
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The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.
Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.
You have mentioned dollars in your post. Do dollast have any intrinsec value? If yes, explain why. If not, shouldn't they also be worth nothing? At least Bitcoins cannot be created by banks as they please, in unlimited quantities. So which is the biggest bubble in human history? |
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Bugatti73
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Activity: 616
Merit: 10
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September 01, 2018, 02:01:01 PM |
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I don't think that it's a scam or a bubble, if it was true, the main organisacors get scamed it in 2017 year.
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Werpa1
Newbie
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Activity: 31
Merit: 0
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September 02, 2018, 12:57:58 PM |
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The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.
Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.
The very reason why bitcoin is an asset is because we give value to it. It is not a bubble considering people who take profit from it. The market is at its swell these days that is why you think that way. People who take part in the market are living proofs that whatever happens, bitcoin will stay beneficial even at its worst. |
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bitterdog
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September 02, 2018, 01:41:45 PM |
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The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.
Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.
If we say bitcoin is a bubble, we must doing a big mistake on that. Because in fact, bitcoin is a new form of technology that can lead us to the future. |
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ExceedBlue012
Newbie
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Activity: 70
Merit: 0
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September 02, 2018, 06:55:48 PM |
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Bitcoin is the biggest blessing in the human history because many people earn from here and enhance their life only through bitcoin.
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orarider
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September 02, 2018, 11:59:43 PM |
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I think gold is the biggest bubble in history. Gold is the national treasure. All countries in the world recognize gold as an international currency. Whereas bitcoin is not accepted by states.
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AliMan
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September 03, 2018, 12:10:13 AM |
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I think that new gold is the biggest bubble of humanity. Bitcoin is just virtual coins and it has not been accepted worldwide. But for gold, it is the whole world mortgage. Gold is the currency of international reserves.
No, definitely not! When it comes to this question my only answer is no. It is clearly seen how bitcoin has changed the life of many people. How can you even say that it is a bubble if it has given many people opportunities to earn? Why don't you just accept the fact that bitcoin is promising and indeed a very good system? |
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jcarlo
Member
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Activity: 798
Merit: 10
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September 03, 2018, 01:54:16 AM |
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The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.
Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.
I dont believe bitcoin is a buble. I am believe bitcoin is mathematic thing and real investment. Up and down in market is very common and bitcoin have intrinsic value like gold |
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